|
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
|
|
Mantle Mining Corporation Limited
|
|
ABN
|
Quarter ended ("current quarter")
|
|
70 107 180 441
|
30 June 2016
|
Consolidated statement of cash flows
|
Cash flows related to operating activities
|
Current quarter
$A'000
|
Year to date (12 months)
$A'000
|
|
1.1
|
Receipts from product sales and related debtors
|
-
|
-
|
|
1.2
|
Payments for (a) exploration & evaluation
-
development
-
production
-
administration
|
(287)
(215)
- (299)
|
(1,171)
(307)
- (1,199)
|
|
1.3
|
Dividends received
|
-
|
-
|
|
1.4
|
Interest and other items of a similar nature
received
|
-
|
6
|
|
1.5
|
Interest and other costs of finance paid
|
-
|
-
|
|
1.6
|
Income taxes paid
|
-
|
-
|
|
1.7
|
Other (R&D Refund)
|
281
|
281
|
|
Net Operating Cash Flows
|
(520)
|
(2,390)
|
|
Cash flows related to investing activities
|
(110)
(899)
-
|
(210)
(899)
-
|
|
1.8
|
Payment for purchases of:
-
prospects
-
equity investments
-
other fixed assets
|
|
1.9
|
Proceeds from sale of:
-
prospects
-
equity investments
-
other fixed assets
|
-
-
-
|
30
-
-
|
|
1.10
|
Loans to other entities
|
-
|
-
|
|
1.11
|
Loans repaid by other entities
|
-
|
-
|
|
1.12
|
Other (provide details if material)
|
-
|
-
|
|
Net investing cash flows
|
(1,009)
|
(1,079)
|
|
1.13
|
Total operating and investing cash flows (brought forward)
|
(1,529)
|
(3,469)
|
|
Cash flows related to financing activities
|
2,964
|
4,240
|
|
1.14
|
Proceeds from issues of shares, options, etc.
|
|
1.15
|
Proceeds from sale of forfeited shares
|
-
|
-
|
|
1.16
|
Proceeds from borrowings
|
150
|
572
|
|
1.17
|
Repayment of borrowings
|
(339)
|
(339)
|
|
1.18
|
Dividends paid
|
-
|
-
|
|
1.19
|
Other (Capital raising and other financing
costs)
|
(210)
|
(254)
|
|
Net financing cash flows
|
2,565
|
4,219
|
|
Net increase (decrease) in cash held
|
1,036
|
750
|
|
1.20
|
Cash at beginning of quarter/year to date
|
255
|
541
|
|
1.21
|
Exchange rate adjustments to item 1.20
|
-
|
-
|
|
1.22
|
Cash at end of quarter
|
1,291
|
1,291
|
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
|
|
1.23
|
Aggregate amount of payments to the parties included in item 1.2
|
76
|
|
1.24
|
Aggregate amount of loans to the parties included in item 1.10
|
-
|
-
Explanation necessary for an understanding of the transactions The amounts shown at item 1.23 relate to:
Non-cash financing and investing activities
|
2.1
|
Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
|
|
During the quarter, the Company issued 2,174,048 fully paid ordinary shares to directors, employees and contractors in lieu of $27,719 of accrued remuneration outstanding as at 31 March 2016. The shares were issued pursuant to the Company's approved Directors and Employees Fee Plan. Refer to item 7.4.
In addition, the Company issued a further 7,142,857 shares to services providers to the Company in lieu of accrued cash fees totalling $80,000.
|
|
2.2
|
Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest
|
|
|
Financing facilities available
Add notes as necessary for an understanding of the position.
|
Amount available
$A'000
|
Amount used
$A'000
|
|
3.1
|
Loan facilities
|
-
|
-
|
|
3.2
|
Credit standby arrangements
|
-
|
-
|
Estimated cash outflows for next quarter
|
$A'000
|
|
4.1
|
Exploration and evaluation
|
1,300
|
|
4.2
|
Development
|
675
|
|
4.3
|
Production
|
-
|
|
4.4
|
Administration
|
345
|
|
Total
|
2,320
|
*Exploration and evaluation includes instalment of $1,000,000 paid in July 2016 in respect of the Company's acquisition of Morning Star Gold NL.
** In addition to the cash balance at 30 June 2016, the Company has received, or is due to receive, a further $2.542 million in subscription monies from investors who participated in the Company's recent capital raisings. Further information regarding the Company's funding position is set out in the accompanying Quarterly Activities Report.
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
|
|
5.1
|
Cash on hand and at bank
|
1,176
|
140
|
|
5.2
|
Deposits at call
|
115
|
115
|
|
5.3
|
Bank overdraft
|
-
|
-
|
|
5.4
|
Other (provide details)
|
-
|
-
|
|
Total: cash at end of quarter (item 1.22)
|
1,291
|
255
|
Changes in interests in mining tenements and petroleum tenements
|
Tenement reference and location
|
Nature of interest (note (2))
|
Interest at beginning of quarter
|
Interest at end of quarter
|
|
NIL
|
|
MIN 5009
MIN 5560
EL 4320
MIN 5299
|
Held 100% by the Company's 95% held subsidiary Morning Star Gold NL
Joint Venture interest of 49% held by the Company's 95% held subsidiary Morning Star Gold NL.
|
0%
0%
0%
0%
|
95%
95%
95%
47%
|
-
Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed
-
Interests in mining tenements and petroleum tenements acquired or increased
Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or conversion rights together with prices and dates.
|
Total number
|
Number quoted
|
Issue price per security (see note 3) (cents)
|
Amount paid up per security (see note 3) (cents)
|
|
7.1
|
Preference
+securities
(description)
|
|
7.2
|
Changes during quarter
-
Increases through issues
-
Decreases through returns of capital, buy- backs, redemptions
|
|
7.3
|
+Ordinary
securities
|
1,008,305,022
|
1,008,305,022
|
|
7.4
|
Changes during quarter
-
Increases through issues
-
Decreases through returns of capital, buy- backs
|
2,174,048
385,024,207
316,628
2,142,657
|
2,174,048
385,024,207
316,628
2,142,657
|
0.0127 cents
0.01 cents
0.018 cents
0.014 cents
|
0.0127 cents
0.01 cents
0.018 cents
0.014 cents
|
|
|