Wolf Minerals Limited Appendix 5B (7819N)
31 October 2016 - 6:00PM
UK Regulatory
TIDMWLFE
RNS Number : 7819N
Wolf Minerals Limited
31 October 2016
Appendix 5B
Mining exploration entity and oil and gas exploration entity
quarterly report
+Rule 5.5
Appendix 5B
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, 01/05/13, 01/09/16
Name of entity
-------------------------------------------
WOLF MINERALS LIMITED
-------------------------------------------
ABN Quarter ended ("current
quarter")
--------------- ------------------------
11 121 831 472 30 SEPTEMBER 2016
--------------- ------------------------
Consolidated statement Current quarter Year to date
of cash flows $A'000 (3 months)
$A'000
--------------------------------------- ---------------- -------------
1. Cash flows from operating
activities
1.1 Receipts from customers 3,978 3,978
1.2 Payments for
(a) exploration & evaluation - -
(b) development (6,127) (6,127)
(c) production (13,760) (13,760)
(d) staff costs (2,922) (2,922)
(e) administration
and corporate costs (774) (774)
1.3 Dividends received - -
(see note 3)
1.4 Interest received 21 21
Interest and other
1.5 costs of finance paid (4,063) (4,063)
1.6 Income taxes paid - -
1.7 Research and development - -
refunds
1.8 Other (provide details - -
if material)
---------------- -------------
Net cash from / (used
1.9 in) operating activities (23,647) (23,647)
----- -------------------------------- ---------------- -------------
2. Cash flows from investing
activities
2.1 Payments to acquire:
(a) property, plant
and equipment (131) (131)
(b) tenements (see - -
item 10)
(c) investments - -
(d) other non-current - -
assets
2.2 Proceeds from the disposal
of:
(a) property, plant
and equipment - -
(b) tenements (see - -
item 10)
(c) investments - -
(d) other non-current - -
assets
2.3 Cash flows from loans - -
to other entities
2.4 Dividends received - -
(see note 3)
2.5 Other (provide details - -
if material)
---------------- -------------
Net cash from / (used
2.6 in) investing activities (131) (131)
------- ------------------------------ ---------------- -------------
3. Cash flows from financing
activities
3.1 Proceeds from issues
of shares - -
3.2 Proceeds from issue - -
of convertible notes
3.3 Proceeds from exercise - -
of share options
Transaction costs related
to issues of shares,
convertible notes or
3.4 options (34) (34)
3.5 Proceeds from borrowings - -
3.6 Repayment of borrowings (4,673) (4,673)
3.7 Transaction costs related - -
to loans and borrowings
3.8 Dividends paid - -
3.9 Other (provide details - -
if material)
---------------- -------------
Net cash from / (used
3.10 in) financing activities (4,707) (4,707)
------- ------------------------------ ---------------- -------------
Net increase / (decrease) (28,485) (28,485)
in cash and cash equivalents
4. for the period 35,010 35,010
4.1 Cash and cash equivalents
at beginning of period
Net cash from / (used
in) operating activities
4.2 (item 1.9 above) (23,647) (23,647)
Net cash from / (used
in) investing activities
4.3 (item 2.6 above) (131) (131)
Net cash from / (used
in) financing activities
4.4 (item 3.10 above) (4,707) (4,707)
Effect of movement
in exchange rates on
4.5 cash held (1,288) (1,288)
---------------- -------------
Cash and cash equivalents
4.6 at end of period 5,237 5,237
------- ------------------------------ ---------------- -------------
5. Reconciliation of cash Current quarter Previous
and cash equivalents $A'000 quarter
at the end of the $A'000
quarter (as shown in
the consolidated statement
of cash flows) to the
related items in the
accounts
---- ---------------------------- ---------------- ---------
5.1 Bank balances 5,159 34,894
5.2 Call deposits 78 116
5.3 Bank overdrafts
5.4 Other (provide details)
---------------- ---------
Cash and cash equivalents
at end of quarter (should
5.5 equal item 4.6 above) 5,237 35,010
---- ---------------------------- ---------------- ---------
6. Payments to directors of the entity Current quarter
and their associates $A'000
----------------
Aggregate amount of payments to
these parties included in item
6.1 1.2 103
----------------
6.2 Aggregate amount of cash flow -
from loans to these parties included
in item 2.3
----------------
6.3 Include below any explanation necessary
to understand the transactions included
in items 6.1 and 6.2
---- --------------------------------------------------------
1. Payment of directors remuneration.
--------------------------------------------------------------
7. Payments to related entities of Current quarter
the entity and their associates $A'000
----------------
7.1 Aggregate amount of payments to -
these parties included in item
1.2
----------------
7.2 Aggregate amount of cash flow -
from loans to these parties included
in item 2.3
----------------
7.3 Include below any explanation necessary
to understand the transactions included
in items 7.1 and 7.2
---- --------------------------------------------------------
8. Financing facilities Total facility Amount drawn
available amount at at quarter
Add notes as necessary quarter end end
for an understanding $A'000 $A'000
of the position
--------------- -------------
8.1 Loan facilities
--------------- -------------
8.2 Credit standby arrangements
--------------- -------------
8.3 Other
--------------- -------------
8.4 Include below a description of each facility
above, including the lender, interest rate
and whether it is secured or unsecured.
If any additional facilities have been entered
into or are proposed to be entered into
after quarter end, include details of those
facilities as well.
---- ------------------------------------------------------------
Post quarter end the Company executed a secured
GBP20 million (A$32.1 million) Bridge Loan
facility with Resource Capital Fund VI L.P.
as announced on 24 October 2016. The applicable
interest rates is 4.25% + LIBOR.
------------------------------------------------------------------
9. Estimated cash outflows $A'000
for next quarter
---- ------------------------------ -------
9.1 Exploration and evaluation -
9.2 Development 8,000
9.3 Production 12,500
9.4 Staff costs 2,500
Administration and corporate
9.5 costs 500
Other (provide details if
9.6 material) 1,500
-------
9.7 Total estimated cash outflows 25,000
---- ------------------------------ -------
10. Changes in Tenement Nature of interest Interest Interest
tenements reference at beginning at end
(items 2.1(b) and location of quarter of quarter
and 2.2(b)
above)
----- ---------------------- -------------- ------------------- -------------- ------------
10.1 Interests N/A N/A
in mining
tenements
and petroleum
tenements
lapsed, relinquished
or reduced
----- ---------------------- -------------- ------------------- -------------- ------------
10.2 Interests N/A N/A
in mining
tenements
and petroleum
tenements
acquired
or increased
----- ---------------------- -------------- ------------------- -------------- ------------
Compliance statement
1 This statement has been prepared in accordance with accounting
standards and policies which comply with Listing Rule 19.11A.
2 This statement gives a true and fair view of the matters disclosed.
Sign here: RICHARD LUCAS Date: 31 October 2016
(Company secretary)
Print name: RICHARD LUCAS
Notes
1. 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 that wishes
to disclose additional information is encouraged to do so, in a
note or notes included in or attached to this report.
2. If this quarterly report has been prepared in accordance with
Australian Accounting Standards, the definitions in, and provisions
of, AASB 6: Exploration for and Evaluation of Mineral Resources and
AASB 107: Statement of Cash Flows apply to this report. If this
quarterly report has been prepared in accordance with other
accounting standards agreed by ASX pursuant to Listing Rule 19.11A,
the corresponding equivalent standards apply to this report.
3. Dividends received may be classified either as cash flows
from operating activities or cash flows from investing activities,
depending on the accounting policy of the entity.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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