Appendix 5B - Mining exploration entity quarterly report

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, 01/06/10.

Name of entity

Magnis Resources Limited

Rule 5.3

ABN Quarter ended ("current quarter")

26 115 111 763 30 June 2015

Consolidated statement of cash flows

Cash flows related to operating activities

Current quarter

$A'000

Year to date

(12 months)

$A'000

1.1

Receipts from product sales and related debtors

-

-

1.2

Payments for (a) exploration & evaluation

(b) development

(c) production

(d) administration

(2,135)

-

- (636)

(8,041)

-

- (3,269)

1.3

Dividends received

-

-

1.4

Interest and other items of a similar nature

received

25

61

1.5

Interest and other costs of finance paid

-

-

1.6

Income and other taxes paid

-

-

1.7

Other

17

17

Net Operating Cash Flows

(2,729)

(11,232)

Cash flows related to investing activities

1.8

Payment for purchases of:

(a) prospects

(b) equity investments

(c) other fixed assets

-

- (26)

-

- (61)

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 (provide details if material) (net)

-

-

Net investing cash flows

(26)

(61)

1.13

Total operating and investing cash flows (carried

forward)

(2,755)

(11,293)

+ See chapter 19 for defined terms.

30/9/2001 Appendix 5B Page 1

Appendix 5B

Mining exploration entity quarterly report

Cash flows related to financing activities

1.14

Proceeds from issues of shares, options, etc.

29

9432

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 (provide details if material)

-

-

Net financing cash flows

29

9,432

Net increase (decrease) in cash held

(2,726)

(1,861)

1.20

Cash at beginning of quarter/year to date

5,538

4,652

1.21

Exchange rate adjustments to item 1.20

5

26

1.22

Cash at end of quarter

2,817

2,817

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 1.2 166

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

1.25 Explanation necessary for an understanding of the transactions

Directors' remuneration entitlements, expenses and consulting 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

-

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

-

+ See chapter 19 for defined terms.

Appendix 5B Page 2 30/9/2001

Financing facilities available

Add notes as necessary for an understanding of the position.

Appendix 5B Mining exploration entity quarterly report

3.1 Loan facilities

3.2 Credit standby arrangements

Estimated cash outflows for next quarter

$A'000

4.1

Exploration and evaluation

899

4.2

Development

-

4.3

Production

-

4.4

Administration

738

Total Net Cash Outflow

1,637

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

2,817

2,538

5.2

Deposits at call

-

3,000

5.3

Bank overdraft

-

-

5.4

Other (provide details)

-

-

Total: cash at end of quarter (item 1.22)

2,817

5,538

+ See chapter 19 for defined terms.

30/9/2001 Appendix 5B Page 3

Appendix 5B

Mining exploration entity quarterly report

Changes in interests in mining tenements

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.

Appendix 5B Page 4 30/9/2001

Appendix 5B Mining exploration entity quarterly report

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)

7.6 Changes during quarter

(a) Increases through issues

(b) Decreases through securities matured, converted

+ See chapter 19 for defined terms.

30/9/2001 Appendix 5B Page 5

Appendix 5B

Mining exploration entity quarterly report

7.7

Options

(description and conversion factor)

1,500,000

1,500,000

750,000

750,000

375,000

500,000

300,000

300,000

750,000

750,000

4,100,000

209,329,289

-

-

-

-

-

-

-

-

-

-

-

209,329,289

Exercise price - $

0.175

Nil

0.1

0.15

0.18

0.29

0.2

0.27

0.225

0.3

0.35

0.1

Expiry date

19-Nov-15

31-Dec-15

14-Jun-16

14-Jun-16

17-Nov-16

31-Mar-17

31-May-17

11-Aug-17

17-Nov-17

17-Nov-17

30-Jan-18

31-May-17

7.8

Issued during

quarter

7.9

Exercised during

quarter

400,000

400,000

10

31 May 2017

7.10

Expired during

quarter

1,000,000

-

35

30 June 2015

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 4).

2 This statement does give a true and fair view of the matters disclosed.
Sign here: (Chief Executive Officer)
Print name: Dr Frank Houllis
Date: 31 July 2015

+ See chapter 19 for defined terms.

Appendix 5B Page 6 30/9/2001

Notes

Appendix 5B Mining exploration entity quarterly report

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 7

Appendix 5B

Mining exploration entity quarterly report

APPENDIX

Schedule of mining tenements

Tenement Number

Project / Tenement

Name

Locality

Group

Ownership %

E 38/1732

Thatcher Soak

Western Australia

100

M 38/1253 (Pending)

Thatcher Soak

Western Australia

100

P 38/3298

Thatcher Soak

Western Australia

100

PL9018/2013

Manyoni East

Tanzania

100

PL7334/2011

Mkwese

Tanzania

100

PL5832/2009

Kilimatinde

Tanzania

100

PL5834/2009

Kianju

Tanzania

100

PL5830/2009

Mhalala

Tanzania

100

PL9017/2013

Issuna

Tanzania

100

PL4870/2007

Mkuju West

Tanzania

100

PL5726/2009

Mkuju 2

Tanzania

100

PL8076/2012

Mkuju 1

Tanzania

100

PL8418/2012

Ilongo North

Tanzania

100

PL5998/2009

Mkuju East

Tanzania

100

PL6425/2010

Mkuju 3

Tanzania

100

PL7463/2011

Lihehe

Tanzania

100

PL7377/2011

Ruangwa

Tanzania

100

PL8697/2012

Rutamba North

Tanzania

100

PL8696/2012

Lihehe East

Tanzania

100

PL9076/2013

Nachu

Tanzania

100

+ See chapter 19 for defined terms.

Appendix 5B Page 8 30/9/2001

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