Appendix 5B Mining exploration entity quarterly report Appendix 5B Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.

Name of entity

Crusader Resources Limited

ABN Quarter ended ("current quarter")


94 106 641 963 31 March 2015

Consolidated statement of cash flows

Cash flows related to operating activities

1.1 Receipts from product sales and related debtors
(excludes sales taxes and ICMS)
1.2 Payments for (a) exploration (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 (other income)

Net Operating Cash Flows

+ See chapter 19 for defined terms.

30/9/2001 Appendix 5B Page 1

Appendix 5B Mining exploration entity quarterly report

1.13 Total operating and investing cash flows

(brought forward)

(1,773)

(1,773)

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 Capital raising costs

Net financing cash flows

-

-

- (14)

- (2)

-

-

- (14)

- (2)

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 Capital raising costs

Net financing cash flows

(16)

(16)

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

(1,789)

3,388 (192)

(1,789)

3,388 (192)

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

1,407

1,407

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 1.2 286
1.24 Aggregate amount of loans to the parties included in item 1.10 -

1.25 Explanation necessary for an understanding of the transactions
Payment of salary and benefits to managing director, fees to executive director and payment of non-executive directors' fees.

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
n/a

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
n/a

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1 Loan facilities
3.2 Credit standby arrangements

+ See chapter 19 for defined terms.

30/9/2001 Appendix 5B Page 2

Estimated cash outflows for next quarter Appendix 5B Mining exploration entity quarterly report

4.1 Exploration and evaluation
4.2 Development
4.3 Production*
4.4 Administration
* Excludes sales receipts and other income

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.

Changes in interests in mining tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed

Tenement reference

Nature of interest

(note 2)

Interest at beginning

of quarter

Interest at end of

quarter

848.152/2012

848.551/2011

848.552/2011

848.553/2011

848.568/2011

848.655/2010

848.656/2010

848.657/2010

848.658/2010

848.659/2010

848.660/2010

848.802/2011

848.805/2011

866.678/2008

Exploration Licence Exploration Licence Exploration Licence Exploration Licence Exploration Licence

Exploration Licence Exploration Licence Exploration Licence Exploration Licence Exploration Licence Exploration Licence Exploration Licence

Application

Exploration Licence

100%

100%

100%

100%

100%

100%

100%

100%

100%

100%

100%

100%

100%

100%

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

+ See chapter 19 for defined terms.

30/9/2001 Appendix 5B Page 3

6.2 Interests in mining tenements acquired or increased

Appendix 5B Mining exploration entity quarterly report

Tenement reference

Nature of interest

(note 2)

Interest at beginning of quarter

Interest at end of quarter

848.007/2015

848.011/2015

848.055/2015

Application Application Application

0%

0%

0%

100%

100%

100%

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.

7.5 +Convertible debt securities (description)

+ See chapter 19 for defined terms.

30/9/2001 Appendix 5B Page 4

7.6 Changes during quarter
(a) Increases
(b) Decreases

Appendix 5B Mining exploration entity quarterly report

7.12 Unsecured notes (totals only)

+ See chapter 19 for defined terms.

30/9/2001 Appendix 5B Page 5

Compliance statement Appendix 5B Mining exploration entity quarterly report

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 4).

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

Sign here:

Company Secretary Date: 30 April 2015

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 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 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 1022: Accounting for Extractive

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

5 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.

== == == == ==

+ See chapter 19 for defined terms.

30/9/2001 Appendix 5B Page 6

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