Microsoft Word - BYR Appendix 5B Mar 2016 (lodgement version).doc
Appendix 5B
Rule 5.5
Mining exploration entity and oil and gas exploration entity quarterly report
Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013
Name of entity
BUREY GOLD LIMITED
ABN Quarter ended ("current quarter")
14 113 517 203
31 March 2016
Consolidated statement of cash flows
|
Cash flows related to operating activities
-
Receipts from product sales and related debtors
-
Payments for (a) exploration & evaluation
-
development
-
production
-
administration
-
Dividends received
-
Interest and other items of a similar nature received
-
Interest and other costs of finance paid
-
Income taxes paid
-
Other (provide details if material)
Net Operating Cash Flows
|
Current quarter
$A'000
|
Year to date (9 months)
$A'000
|
|
-
(1,425)
-
- (160)
-
-
-
-
-
|
-
(4,203)
-
- (645)
-
-
-
-
-
|
|
(1,585)
|
(4,848)
|
|
1.8
|
Cash flows related to investing activities
Payment for purchases of:
-
prospects
-
equity investments
-
other fixed assets
-
equity investments
-
other fixed assets Loans to other entities
Proceeds from sale of:(a) prospects
Loans repaid by other entities Other
Net investing cash flows
Total operating and investing cash flows (carried forward)
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
|
1.9
|
-
|
-
|
|
-
|
-
|
|
-
|
(3)
|
|
1.10
|
-
|
-
|
|
1.11
|
-
|
-
|
|
1.12
|
-
|
-
|
|
-
|
-
|
|
1.13
|
(1,585)
|
(4,851)
|
|
1.13
|
Total operating and investing cash flows (brought forward)
|
(1,585)
|
(4,851)
|
|
Cash flows related to financing activities
|
1,370
|
4,447
|
|
1.14
|
Proceeds from issues of shares, options, etc.
|
|
1.15
|
Proceeds from sale of forfeited shares
|
-
|
-
|
|
1.16
|
Proceeds from borrowings
|
-
|
-
|
|
1.17
|
Repayment of borrowings
|
-
|
-
|
|
1.18
|
Dividends paid
|
-
|
-
|
|
1.19
|
Other - share issue expenses
|
(96)
|
(234)
|
|
Net financing cash flows
|
1,274
|
4,213
|
|
Net increase (decrease) in cash held
|
(311)
|
(638)
|
|
1.20
|
Cash at beginning of quarter/year to date
|
484
|
769
|
|
1.21
|
Exchange rate adjustments to item 1.20
|
4
|
46
|
|
1.22
|
Cash at end of quarter
|
177
|
177
|
Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities
Current quarter
$A'000
-
Aggregate amount of payments to the parties included in item 1.2 22
-
Aggregate amount of loans to the parties included in item 1.10 -
-
Explanation necessary for an understanding of the transactions
Directors fees, consultancy charges and remuneration 22
Non-cash financing and investing activities
-
Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
Not applicable
-
Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest
Not applicable
Financing facilities available
Add notes as necessary for an understanding of the position.
|
Amount available
$A'000
|
Amount used
$A'000
|
|
390
|
390
|
|
-
|
-
|
-
Loan facilities*
-
Credit standby arrangements
* Burey assumed a loan liability of US$300,000 at the time of completing the acquisition of the Giro Gold Project interest in September 2014 from one of the vendors who had obtained the loan for funding exploration expenditure at Giro. The loan is unsecured and has no fixed repayment date, with an in-principle agreement that Burey will either repay the loan or the parties will negotiate its settlement by issue of shares.
Estimated cash outflows for next quarter
-
Exploration and evaluation**
-
Development
-
Production
-
Administration
|
$A'000
|
|
1500
|
|
-
|
|
-
|
|
250
|
|
Total
|
1,750
|
** On 18 April 2016 (subsequent to Quarter-end) Burey announced a private placement raising of $3.35 million before costs, which is expected to settle in early May 2016.
Reconciliation of cash
|
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.
|
Current quarter
$A'000
|
Previous quarter
$A'000
|
-
Cash on hand and at bank
-
Deposits at call
-
Bank overdraft
-
Other (provide details)
|
177
|
484
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
|
Total: cash at end of quarter (item 1.22)
|
177
|
484
|
Changes in interests in mining tenements and petroleum tenements
|
Tenement reference and location
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Nature of interest (note (2))
|
Interest at beginning of quarter
|
Interest at end of quarter
|
|
N/A
|
|
N/A
|
-
Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed
-
Interests in mining tenements and petroleum tenements acquired or increased