Neometals : Quarterly Cashflow Report

+Rule 5.5

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

Neometals Ltd

89 099 116 631 June 2017

1. Cash flows from operating activities

2. Receipts from customers

3. Payments for

   Year to date (12 months) $A'000

   - -

4. exploration & evaluation (R&D)

   (239) (783)

5. development - -

6. production (gas reservation) (196) (827)

7. staff costs (524) (2,424)

8. administration and corporate costs (1,013) (3,469)

9. Dividends received (see note 3) - -

10. Interest received 287 1,281

11. Interest and other costs of finance paid (3) (13)

12. Income taxes paid - -

13. Research and development refunds - -

14. Other (provide details if material) - -

1.9 Net cash from / (used in) operating activities (1,688) (6,235)

2.	Cash flows from investing activities
2.1	Payments to acquire:
(a) property, plant and equipment	(116)	(122)
(b) tenements (see item 10)	(331)	(902)
(c) investments	(219)	(8,149)
(d) other non-current assets	(293)	(449)

Consolidated statement of cash flows Currentquarter $A'000

1. Proceeds from the disposal of:

2. property, plant and equipment

   Year to date (12 months) $A'000

   - -

3. tenements (see item 10) - -

4. investments - -

5. other non-current assets - -

6. Cash flows from loans to other entities (16) (440)

7. Dividends received (see note 3) - -

8. Other (payment to Hannans Ltd on settlement of disposal of tenements)

2.6 Net cash from / (used in) investing activities

- (792)

(975) (10,854)
1. Cash flows from financing activities

2. Proceeds from issues of shares - -

3. Proceeds from issue of convertible notes - -

4. Proceeds from exercise of share options - -

5. Transaction costs related to issues of shares, convertible notes or options

   - (7)

6. Proceeds from borrowings 10 65

7. Repayment of borrowings - -

8. Transaction costs related to loans and - - borrowings

9. Dividends paid - (11,260)

10. Other (share buy-back) (4,728) (4,728)

    3.10 Net cash from / (used in) financing activities (4,718) (15,930)
11. Net increase / (decrease) in cash and cash equivalents for the period

12. Cash and cash equivalents at beginning of period

13. Net cash from / (used in) operating activities (item 1.9 above)

14. Net cash from / (used in) investing activities (item 2.6 above)

15. Net cash from / (used in) financing activities (item 3.10 above)

16. Effect of movement in exchange rates on cash held

    4.6 Cash and cash equivalents at end of period

    53,543 79,253

    (1,688) (6,235)

    (975) (10,854)

    (4,718) (15,930)

    (8) (80)

    46,154 46,154
17. Reconciliation of cash and cash equivalents

    at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts

    Current quarter $A'000 Previous quarter $A'000

18. Bank balances 5,079 9,968

19. Call deposits 37,050 39,550

20. Bank overdrafts - -

21. Other (restricted term deposits) 4,025 4,025

    5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 46,154 53,543
22. Payments to directors of the entity and their associates Currentquarter $A'000

23. Aggregate amount of payments to these parties included in item 1.2 (227)

24. Aggregate amount of cash flow from loans to these parties included 10

    in item 2.3

25. Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2

    During the quarter $227,500 was paid to directors of the entity. Chris Reed repaid $10,406 on staff loan

26. Payments to related entities of the entity and their associates Current quarter $A'000

27. Aggregate amount of payments to these parties included in item 1.2 -

28. Aggregate amount of cash flow from loans to these parties included in item 2.3

29. Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2

    (16)

    During the quarter, the company loaned Reed Advanced Materials Pty Ltd $10,430 and paid tenement management costs on behalf of Reed Industrial Minerals Pty Ltd - $5,075

30. Financing facilities available Add notes as necessary for an understanding of the position Total facility amount at quarter end $A'000 Amount drawn at quarter end $A'000

31. Loan facilities - -

32. Credit standby arrangements - -

33. Other (please specify) - -

34. 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.

35. Estimated cash outflows for next quarter $A'000

36. Exploration and evaluation (Barrambie) (628)

37. Development -

38. Production (gas reservation) (198)

39. Staff costs (800)

40. Administration and corporate costs (1,200)

41. Other - (Pilot plant construction & met testwork)

Other - (Share buy back)

(1,200)

(1,300)

9.7 Total estimated cash outflows (5,326)

10.	Changes in tenements (items 2.1(b) and 2.2(b) above)	Tenement reference and location	Nature of interest	Interest at beginning of quarter	Interest at end of quarter
10.1	Interests in mining tenements and petroleum tenements lapsed, relinquished or reduced	n/a	n/a	n/a	n/a
10.2	Interests in mining tenements and petroleum tenements acquired or increased	n/a	n/a	n/a	n/a