Microsoft Word - CZL App 5B Qterly Cashflow Mar 2016 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

Consolidated Zinc Limited

ABN Quarter ended ("current quarter")

27 118 554 359

31 March 2016

Consolidated statement of cash flows

Cash flows related to operating activities

  1. Receipts from product sales and related debtors

  2. Payments for (a) exploration & evaluation

    1. development

    2. production

    3. administration

    4. Dividends received

    5. Interest and other items of a similar nature received

    6. Interest and other costs of finance paid

    7. Income taxes paid

    8. Other

    Net Operating Cash Flows

    Current quarter

    $A'000

    Year to date (9 months)

    $A'000

    - (1,175)

    -

    - (201)

    -

    -

    -

    -

    -

    - (3,670)

    -

    - (631)

    - 3

    -

    -

    -

    (1,376)

    (4,298)

    Cash flows related to investing activities

    1. Payment for purchases of:

      1. prospects

      2. equity investments

      3. other fixed assets

      4. Proceeds from sale of:

        1. prospects

        2. equity investments

        3. other fixed assets

        4. Loans with other entities*

        5. Loans repaid by other entities

        6. Other (provide details if material)

        7. Total operating and investing cash flows (carried forward)

        Net investing cash flows

        -

        -

        -

        -

        -

        -

        -

        -

        -

        -

        -

        -

        -

        -

        -

        -

        -

        -

        -

        -

        (1,376)

        (4,298)

        1.13 Total operating and investing cash flows (brought forward)

        (1,376)

        (4,298)

        Cash flows related to financing activities

        785

        1,419

        1.14 Proceeds from issues of shares, options, etc.

        1.15 Proceeds from sale of forfeited shares

        -

        -

        1.16 Proceeds from borrowings

        505

        1,505

        1.17 Repayment of borrowings

        -

        -

        1.18 Dividends paid

        -

        -

        1.19 Proceeds from borrowing not yet issued

        -

        -

        1.19 Other (Costs of share issue)

        (31)

        (58)

        Net financing cash flows

        1,259

        2,866

        Net increase (decrease) in cash held

        (117)

        (1,432)

        1.20 Cash at beginning of quarter/year to date

        482

        1,803

        1.21 Exchange rate adjustments to item 1.20

        (13)

        (19)

        1.22 Cash at end of quarter

        352

        352

        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. Aggregate amount of payments to the parties included in item 1.2 105

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

        3. Explanation necessary for an understanding of the transactions

        1.23 Consists of directors fees and consulting fees to related parties of the directors.

        Non‐cash financing and investing activities

        1. Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

          N/A

        2. Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

        N/A

        Financing facilities available

        Add notes as necessary for an understanding of the position.

        Amount available

        $A'000

        Amount used

        $A'000

        ‐

        ‐

        ‐

        ‐

        1. Loan facilities

        2. Credit standby arrangements

        Estimated cash outflows for next quarter

        1. Exploration and evaluation

        2. Development

        3. Production

        4. Administration

        $A'000

        960

        -

        -

        160

        Total

        1,120

        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

        1. Cash on hand and at bank

        2. Deposits at call

        3. Bank overdraft

        4. Other (provide details)

        352

        482

        -

        -

        -

        -

        -

        -

        Total: cash at end of quarter (item 1.22)

        352

        482

        Changes in interests in mining tenements and petroleum tenements

        Tenement

        Nature of interest

        Interest at

        Interest at

        reference

        (note (2))

        beginning

        end of

        and

        of quarter

        quarter

        location

        1. Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed

        2. Interests in mining tenements and petroleum tenements acquired or increased

        * A full list of current tenements is attached as Annexure 1

        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

        (a) Increases

        through issues

        (b) Decreases

        through returns

        of capital, buy‐

        backs,

        redemptions

        7.3 +Ordinary

        254,489,291

        254,489,291

        Fully paid

        Fully paid

        securities

        7.4 Changes during

        16,444,444

        16,444,444

        $0.045 per share

        $0.045 per share

        quarter

        (a) Increases

        through issues

        (b) Decreases

        through returns

        of capital, buy‐

        backs

        7.5 +Convertible debt securities (description)

        1. Changes during quarter

          1. Increases through issues

          2. Decreases through securities matured, converted

          7.7 Options

          Options

          -

          Exercise Price

          Expiry Date

          (description and

          500,000

          $0.20

          6 March 2017

          conversion factor)

          22,437,500

          23,350,142

          4,000,000

          -

          23,350,142

          4,000,000

          $0.064

          $0.10

          $0.06

          6 March 2018

          31 July 2016

          20 July 2018

          15,263,891

          -

          $0.06

          31 Dec 2018

          7,500,000

          -

          $0.06

          5 June 2020

          Performance

          Rights

          1,666,667

          30 Sept 2016

          1,666,667

          30 June 2017

          1,666,666

          30 June 2018

          7.8 Issued during

          8,222,223

          -

          $0.06

          31 Dec 2018

          quarter(post

          consolidation)

          7.9 Exercised

          during quarter

          7.10 Expired during

          quarter

          7.11 Debentures

          (totals only)

          7.12 Unsecured notes (totals only)

          Compliance statement

          1. 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 5).

          2. This statement does give a true and fair view of the matters disclosed.

          Sign here: ............................................................ Date: 29 April 2016

          Company secretary

          Print name: ANDREW BEIGEL

          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 wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

          2. The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum 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 or petroleum tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

          3. 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. 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.

          5. Accounting Standards ASX will accept, for example, the use of International Financial Reporting 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

          Consolidated Zinc Limited Current Tenement schedule

          Lease

          Project

          Type

          Lease Status

          Mexico

          235942

          Plomosas

          Mining

          Granted

          230175

          Plomosas

          Mining

          Granted

          217641

          Plomosas

          Exploitation

          Granted

          218242

          Plomosas

          Exploitation

          Granted

          225527

          Plomosas

          Exploitation

          Granted

          218272

          Plomosas

          Exploitation

          Granted

          216882

          Plomosas

          Exploitation

          Granted

          227664

          Plomosas

          Mining

          Granted

          227078

          Plomosas

          Mining

          Granted

          227077

          Plomosas

          Mining

          Granted

          224880

          Plomosas

          Exploration

          Granted

          Mongolia

          12323X

          Ulaan Tolgoi

          Exploration

          Granted

          Consolidated Zinc Limited published this content on 29 April 2016 and is solely responsible for the information contained herein.
          Distributed by Public, unedited and unaltered, on 16 May 2016 09:57:03 UTC.

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