Appendix 5B - Mining exploration entity quarterly report
Appendix 5B
Mining exploration entity quarterly report
Rule 5.3
|
Name of entity
|
|
Peel Mining Limited
|
|
ABN
|
Quarter ended ("current quarter")
|
|
42 119 343 734
|
31 December 2015
|
Consolidated statement of cash flows
|
Cash flows related to operating activities
|
Current Quarter
$A'000
|
Year to Date (6 months)
$A'000
|
|
1.1
|
Receipts from product sales and related debtors
|
-
|
-
|
|
1.2
|
Payments for (a) exploration & evaluation
-
development
-
production
-
administration
|
-
-
- (261)
|
-
-
- (475)
|
|
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/received
|
-
|
-
|
|
1.7
|
Other:
(a) R&D tax offset
|
-
|
-
|
|
Net Operating Cash Flows
|
(261)
|
(475)
|
|
Cash flows related to investing activities
|
-
- (34)
|
-
- (35)
|
|
1.8
|
Payment for purchases of: (a) prospects
-
equity investments
-
other fixed assets
|
|
1.9
|
Proceeds from sale of: (a) prospects
-
equity investments
-
other fixed assets
|
-
-
-
|
-
-
-
|
|
1.10
|
Loans to other entities
|
-
|
-
|
|
1.11
|
Loans repaid by other entities
|
-
|
-
|
|
1.12
|
Other:
-
Payments for exploration & evaluation
-
Transfers(to)/from for security deposits
-
Interest received
-
Proceeds from Farm-in arrangement
|
(1,210)
(27)
12
869
|
(1,969)
37
32
1,489
|
|
Net investing cash flows
|
(390)
|
(446)
|
|
1.13
|
Total operating and investing cash flows (carried forward)
|
(651)
|
(921)
|
|
1.13
|
Total operating and investing cash flows (brought forward)
|
(651)
|
(921)
|
|
Cash flows related to financing activities
|
19
|
19
|
|
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 share issues
|
(2)
|
(2)
|
|
Net financing cash flows
|
-
|
-
|
|
Net increase (decrease) in cash held
|
(634)
|
(904)
|
|
1.20
|
Cash at beginning of quarter/year to date
|
2,705
|
2,975
|
|
1.21
|
Exchange rate adjustments to item 1.20
|
-
|
-
|
|
1.22
|
Cash at end of quarter
|
2,071
|
2,071
|
Payments to directors of the entity and associates of the directors Payments to 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
|
(48)
|
|
1.24
|
Aggregate amount of loans to the parties included in item 1.10
|
Nil
|
1.25 Explanation necessary for an understanding of the transactions
1.23 represents payments to directors for director's fees, superannuation and rental of office space.
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
|
|
Nil
|
|
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
Add notes as necessary for an understanding of the position.
|
Amount available
$A'000
|
Amount used
$A'000
|
|
3.1
|
Loan facilities
|
Nil
|
Nil
|
|
3.2
|
Credit standby arrangements
|
Nil
|
Nil
|
Estimated cash outflows for next quarter
|
$A'000
|
|
4.1
|
Exploration and evaluation (*)
|
500
|
|
4.2
|
Development
|
-
|
|
4.3
|
Production
|
-
|
|
4.4
|
Administration
|
205
|
|
Total
|
705
|
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
|
321
|
205
|
|
Deposits at call
|
1,750
|
2,500
|
|
Bank overdraft
|
-
|
-
|
|
Other (Farm-in Agreement funds)
|
-
|
-
|
|
Total: cash at end of quarter (item 1.22)
|
2,071
|
2,705
|
Changes in interests in mining tenements
(Refer to Annexure of Quarterly Activity Statement)
|
Tenement reference
|
Nature of interest (note (2))
|
Interest at beginning of quarter
|
Interest at end of quarter
|
|
E31/1109 E31/1111 E39/1886 E39/1887
|
Tenement owner Tenement owner Tenement owner Tenement owner
|
100%
100%
100%
100%
|
0%
0%
0%
0%
|
|
ELA5229 E31/1116 E31/1887
|
Tenement owner Tenement owner Tenement owner
|
0%
0%
0%
|
100%
100%
100%
|
-
Interests in mining tenements relinquished, reduced or lapsed
-
Interests in mining 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
|
132,585,969
|
132,585,969
|
|
7.4
|
Changes during quarter
-
Increases through issues
-
Decreases through returns of capital, buy-backs
|
100,000
|
100,000
|
$0.19
|
$0.19
|
|
7.5
|
+Convertible debt securities (description)
|
|
7.6
|
Changes during quarter
-
Increases through issues
-
Decreases through securities matured, converted
|
|
7.7
|
Options (description and conversion factor)
|
1,000,000
1,100,000
1,000,000
|
1,000,000
1,100,000
1,000,000
|
Exercise Price
$0.07
$0.19
$0.216
|
Expiry Date 5/12/2017
19/10/2018
7/12/2018
|
|
7.8
|
Issued during quarter
|
1,200,000
1,000,000
|
1,200,000
1,000,000
|
$0.19
$0.216
|
19/10/2018
7/12/2018
|
|
7.9
|
Exercised during quarter
|
100,000
|
100,000
|
0.19
|
19/10/2018
|
|
7.10
|
Expired during quarter
|
1,000,000
1,500,000
|
1,000,000
1,500,000
|
$0.50
$0.50
|
28/11/2015
28/11/2015
|
|
7.11
|
Debentures
(totals only)
|
|
7.12
|
Unsecured notes
(totals only)
|