Toro Energy Limited

Published : July 15th, 2015

Report: Quarterly Cashflow report – June 2015

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Report: Quarterly Cashflow report – June 2015

Cashflow June 15 Release 5B v1 draft ready update.xlsx

1 of 5

APPENDIX 5B

Mining exploration entity quarterly report

TORO ENERGY LTD



Quarter ended

ABN. 48 117 127 590 June 2015

Consolidated statement of cash flows (Note 6.0) Cash flows related to operating activities

1.1 Receipts from product sales and related debtors
1.2 Payments for (a) exploration and evaluation
(b) development
(c) production
(d) administration
1.3 Dividends received
1.4 Interest and other items of a similar nature received
1.5 Interest and other costs of finance paid
1.6 Income taxes paid
1.7 Other - R&D refund

Net Operating Cash Flows

Cash flows related to investing activities

1.8 Payment for purchases of: (a) prospects
(b) equity investments
(c) other fixed assets
1.9 Proceeds from sale of: (a) prospects
(b) equity investments
(c) other fixed assets
1.10 Loans to other entities
1.11 Loans repaid by other entities
1.12 Other

Net Investing cash flows

1.13 Total operating and investing cash flows
(carried forward)

1.13 Total operating and investing cash flows

(brought forward)

(2,383)

(8,690)

Cash flows related to financing activities

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 (Costs of share issue, Unitisation deed and loan transaction costs)

Net financing cash flows

Net increase (decrease) in cash held

1.20 Cash at beginning of quarter / year to date

1.21 Exchange rate adjustments to item 1.20

1.22 Cash at end of quarter

2,500

-

-

-

- (31)

14,904

-

10,000

-

- (478)

Cash flows related to financing activities

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 (Costs of share issue, Unitisation deed and loan transaction costs)

Net financing cash flows

Net increase (decrease) in cash held

1.20 Cash at beginning of quarter / year to date

1.21 Exchange rate adjustments to item 1.20

1.22 Cash at end of quarter

2,469

24,426

Cash flows related to financing activities

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 (Costs of share issue, Unitisation deed and loan transaction costs)

Net financing cash flows

Net increase (decrease) in cash held

1.20 Cash at beginning of quarter / year to date

1.21 Exchange rate adjustments to item 1.20

1.22 Cash at end of quarter

86

22,801

15,736

7,151

Cash flows related to financing activities

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 (Costs of share issue, Unitisation deed and loan transaction costs)

Net financing cash flows

Net increase (decrease) in cash held

1.20 Cash at beginning of quarter / year to date

1.21 Exchange rate adjustments to item 1.20

1.22 Cash at end of quarter

-

-

Cash flows related to financing activities

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 (Costs of share issue, Unitisation deed and loan transaction costs)

Net financing cash flows

Net increase (decrease) in cash held

1.20 Cash at beginning of quarter / year to date

1.21 Exchange rate adjustments to item 1.20

1.22 Cash at end of quarter

22,887

22,887

2 of 5

Payments to directors of the entity and 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 1.2 164

1.24 Aggregate amount of loans to the parties included in item 1.10 -

1.25 Explanation necessary for an understanding of the transactions

Directors' fees, wages, expenses and superannuation for the quarter

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
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
Nil

Financing facilities available

3.1 Loan facilities (A$12m MBL debt facility)

3.2 Credit standby arrangements

Amount available

$A'000

Amount used

$A'000

Financing facilities available

3.1 Loan facilities (A$12m MBL debt facility)

3.2 Credit standby arrangements

0

12,000

Financing facilities available

3.1 Loan facilities (A$12m MBL debt facility)

3.2 Credit standby arrangements

-

-

Estimate

4.1

4.2

4.3

4.4

d cash outflows for next quarter

Exploration and evaluation: Development

Production

Administration

$A'000

Estimate

4.1

4.2

4.3

4.4

d cash outflows for next quarter

Exploration and evaluation: Development

Production

Administration

1,985

-

-

1,612

Estimate

4.1

4.2

4.3

4.4

Total

3,597

Reconcil

5.1

5.2

5.3

5.4

iation of cash

Reconcil

5.1

5.2

5.3

5.4

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

Reconcil

5.1

5.2

5.3

5.4

Cash on hand and at bank

Deposits at call

Bank overdraft

Other (provide details)

3,387

801

Reconcil

5.1

5.2

5.3

5.4

Cash on hand and at bank

Deposits at call

Bank overdraft

Other (provide details)

19,500

22,000

Reconcil

5.1

5.2

5.3

5.4

Cash on hand and at bank

Deposits at call

Bank overdraft

Other (provide details)

Reconcil

5.1

5.2

5.3

5.4

Cash on hand and at bank

Deposits at call

Bank overdraft

Other (provide details)

Total: cash at end of quarter (item 1.22)

22,887

22,801

3 of 5

Changes in interests in mining tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed

6.2 Interests in mining tenements acquired or increased

Tenement

reference

Nature of interest

(note 2)

Interest at

beginning of quarter

Interest at

end of quarter

6.1 Interests in mining tenements relinquished, reduced or lapsed

6.2 Interests in mining tenements acquired or increased

See Annexure 1

Issued and quoted securities at end of current quarter

Total number

Number

quoted

Issue price per

security (cents)

Amount paid up

per security (cents)

7.1 Preference securities

(description)

7.2 Changes during quarter (a) Increases through issues

(b) Decreases through returns of capital, buy-

backs, redemptions

7.3 Ordinary securities

7.4 Changes during quarter (a) Increases through issues

(b) Decreases through returns of capital, buy- backs

1,994,142,136

90,372,555

1,994,142,136

90,372,555

Fully paid

Fully paid

Fully paid

Fully paid

7.5 Convertible debt

securities

(description)

7.6 Changes during quarter (a) Increases through issues

(b) Decreases through securities matured,

converted

7.7 Options (description and conversion factor)

Performance Rights

24,390,244

3,680,000

5,000,000

1,000,000

35,714,286

42,253,521

250,000

250,000

750,000

500,000

750,000

9,300,000

225,000

5,750,000

8,335,492

2,778,868

Exercise Price

$0.12

$0.22

$0.22

$0.30

$0.08

$0.14

$0.15

$0.22

$0.11

$0.22

$0.25

$0.13

$0.13

$0.11

$0.00

$0.00

Expiry Date

1/11/2015

3/01/2016

11/01/2016

11/01/2016

7/03/2016

7/03/2016

25/05/2016

25/05/2016

30/06/2016

30/06/2016

30/06/2016

31/07/2016

25/08/2016

16/01/2017

30/09/2016

1/07/2015

7.8 Issued during quarter

Performance Rights

4 of 5

7.9 Exercised during quarter

Performance Rights

7.10 Cancelled during quarter

Expired Options

7.11 Debentures

(totals only)

7.12 Unsecured notes

(totals only)

Compliance statement

1.0 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4).

2.0 This statement does give a true and fair view of the matters disclosed.
Sign here:… .. Date: 14 Jul 2015
Company Secretary
TODD ALDER
Print name: …………………………………………………..

Notes

1.0 The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
2.0 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.
3.0 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities.
4.0 The definitions in, and provisions of, AASB 1022: Accounting for Extractive

Industries and AASB 1026: Statement of Cash Flows apply to this report.

5.0 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.
ANNEXURE 1
Changes in interest in mining tenments

Tenement

reference

Nature of interest

l nterest at beginning of quarter•

lnterest at end of quarter

P53/1256

ES0/3584

Expired

Surrendered

100%

100%

0%

0%

Read the rest of the article at www.noodls.com

Toro Energy Limited

DEVELOPMENT STAGE
CODE : TOE.AX
ISIN : AU000000TOE6
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Toro Energy is a gold producing company based in Australia.

Toro Energy develops gold, aluminum, phosphate, silica and uranium in Australia, and holds various exploration projects in Australia and in Morocco.

Its main asset in production is LAKE WAY in Australia, its main asset in development is WILUNA in Australia and its main exploration properties are RADIUM HILL, LAKE MACKAY PROJECT, MT WOODS, COOBER PEDY, NONNING, ROXBY–ACROPOLIS, LAKE FROME, AMADEUS PROJECT, REYNOLDS RANGE, TANAMI, NAPPERBY and CENTIPEDE in Australia, GAWIB WEST, TUMAS NORTH and CHUNGOCHOAB in Namibia and HAUTE MOULOUYA in Morocco.

Toro Energy is listed in Australia, in Germany and in United States of America. Its market capitalisation is AU$ 34.1 millions as of today (US$ 24.6 millions, € 21.6 millions).

Its stock quote reached its lowest recent point on April 03, 2020 at AU$ 0.00, and its highest recent level on March 12, 2021 at AU$ 2.40.

Toro Energy has 2 008 069 888 shares outstanding.

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4/30/2007Signficant U results for Toro from Warrior first drilling
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