LATROBE MAGNESIUM LIMITED Introduced 01/07/96. Origin: Appendix 8. Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10.
Name of entity
Latrobe Magnesium Limited
Rule 5.3
ABN Quarter ended ("current quarter")
52 009 173 611 30 June 2015
Consolidated statement of cash flowsCash flows related to operating activities | Current quarter $A | Year to date (12 months) $A | |
1.1 | Receipts from product sales and related debtors | - | - |
1.2 | Payments for (a) exploration and evaluation (b) prospects (c) administration | (94,932) - (394,016) | (289,091) - (761,446) |
1.3 | Dividends received | - | - |
1.4 | Interest and other items of a similar nature received | 2,621 | 5,575 |
1.5 | Interest and other costs of finance paid | - | - |
1.6 | Income taxes paid | - | - |
1.7 | R&D Tax Offset | - | 396,325 |
Net Operating Cash Flows | (486,327) | (648,637) | |
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 (intangible assets) | (1,687) | (11,415) |
Net investing cash flows | (1,687) | (11,415) | |
1.13 | Total operating and investing cash flows (carried forward) | (488,014) | (660,052) |
+ See chapter 19 for defined terms.
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Appendix 5B Mining exploration entity quarterly report1.13 | Total operating and investing cash flows (brought forward) | (488,014) | (660,052) |
Cash flows related to financing activities | |||
1.14 | Proceeds from issues of shares, options, etc. | 1,095,000- | 1,095,000 |
1.15 | Proceeds from sale of forfeited shares | - | - |
1.16 | Proceeds from borrowings | - | - |
1.17 | Repayment of borrowings | - | (36,789) |
1.18 | Dividends paid | - | - |
1.19 | Promissory Note | - | - |
Net financing cash flows | 1,095,000 | 1,058,211 | |
Net increase (decrease) in cash held | 606,986 | 398,159 | |
1.20 | Cash at beginning of quarter/year to date | 7,769 | 216,596 |
1.21 | Exchange rate adjustments to item 1.20 | - | - |
1.22 | Cash at end of quarter | 614,755 | 614,755 |
Current quarter | ||
$A | ||
1.23 | Aggregate amount of payments to the parties included in item 1.2 | 217,570 |
1.24 | Aggregate amount of loans to the parties included in item 1.10 | Nil |
1.25 | Explanation necessary for an understanding of the transactions |
Payment to Directors for services
Non-cash financing and investing activities2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
N/A
2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest
N/A
+ See chapter 19 for defined terms.
Appendix 5B Page 2 30/06/2015
Financing facilities availableAdd notes as necessary for an understanding of the position.
Appendix 5B Mining exploration entity quarterly report3.1 Loan facilities
3.2 Proceeds from issue of shares
3.3 Promissory Note
3.4 Other Receivables
Estimated cash outflows for next quarter$A | ||
4.1 | Exploration and evaluation | 100,000 |
4.2 | Development | - |
4.3 | Production | - |
4.4 | Administration | 100,000 |
Total | 200,000 |
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 | Previous quarter $A | |
5.1 | Cash on hand and at bank | 7,429 | 2,751 |
5.2 | Deposits at call | 607,326 | 5,018 |
5.3 | Bank overdraft | - | - |
5.4 | Other (provide details) | - | - |
Total: cash at end of quarter (item 1.22) | 614,755 | 7,769 |
6.1 Interests in mining tenements relinquished, reduced or lapsed
6.2 Interests in mining tenements acquired or increased
+ See chapter 19 for defined terms.
30/06/2015 Appendix 5B Page 3
Appendix 5B Mining exploration entity quarterly report Issued and quoted securities at end of current quarterDescription 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 | Nil | Nil | ||
7.1 Preference +securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions | Nil Nil | Nil Nil | ||
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs | 1,067,356,869 | 1,067,356,869 | ||
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs | Nil Nil | Nil Nil | ||
7.5 +Convertible debt securities (unlisted) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted | Up to 20,456,000 | Nil | Conversion Price: $0.01 | Convertible at any time prior to 15 October 2015 |
7.5 +Convertible debt securities (unlisted) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted | Nil Nil | Nil Nil | ||
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter | Nil | Nil | ||
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter | Nil | Nil | ||
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter | Nil | Nil | ||
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter | Nil | Nil | ||
7.11 Debentures (totals only) | Nil | Nil | ||
7.12 Unsecured notes (totals only) | Nil | Nil |
+ See chapter 19 for defined terms.
Appendix 5B Page 4 30/06/2015
Appendix 5B Mining exploration entity quarterly report 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 4).
2 This statement does give a true and fair view of the matters disclosed.
23 July 2015
Sign here: ............................................................ Date: ..................................................... (Director)
David Paterson
Print name: .........................................................
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.
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