Avanco Resources : Quarterly Cashflow Report 27 Apr 2017

+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

1. Cash flows from investing activities

2. Payments to acquire:

3. property, plant and equipment

   (316) (316)

4. tenements (see item 10) - -

5. investments - -

6. other non-current assets - -

Consolidated statement of cash flows	Current quarter $US'000	Year to date (3 months) $US'000
2.2 Proceeds from the disposal of:	-	-
(a) property, plant and equipment
(b) tenements (see item 10)	-	-
(c) investments	-	-
(d) other non-current assets	-	-
2.3 Cash flows from loans to other entities	-	-
2.4 Dividends received (see note 3)	-	-
2.5 Other (provide details if material)	-
2.6 Net cash used in investing activities	(316)	(316)

Cash flows from financing activities Proceeds from issues of shares Proceeds from issue of convertible notes Proceeds from exercise of share options Transaction costs related to issues of shares, convertible notes or options Proceeds from royalty agreements Repayment of royalty agreements Transaction costs related to loans and borrowings Dividends paid Other (provide details if material) 3.10 Net cash (used in) / from financing activities	- - - - - (1,020) - - -	- - - - - (1,020) - - -
	(1,020)	(1,020

Net increase / (decrease) in cash and cash equivalents for the period Cash and cash equivalents at beginning of period Net cash from operating activities (item 1.9 above) Net cash used in investing activities (item 2.6 above) Net cash used in financing activities (item 3.10 above) Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period	22,866 1,452 (316) (1,020) 161	22,866 1,452 (316) (1,020) 161
	23,143	23,143

5.	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 $US'000	Previous quarter $US'000
5.1	Bank balances	322	354
5.2	Call deposits	743	6,995
5.3	Bank overdrafts	-	-
5.4	Other (cash held in USD currency)	22,078	15,517
5.5	Cash and cash equivalents at end of quarter (should equal item 4.6 above)	23,143	22,866

Current quarter $US'000

321

-

1. Payments to directors of the entity and their associates

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

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

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

   Payments for Director's fees during the period.

   Current quarter $US'000

   251

   -

5. Payments to related entities of the entity and their associates

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

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

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

   Payments for legal and accounting fees in Brazil.

   Total facility amount at quarter end $US'000	Amount drawn at quarter end $US'000
   -	-
   -	-
   -	-

9. Financing facilities available Add notes as necessary for an understanding of the position

10. Loan facilities

11. Credit standby arrangements

12. Other (please specify)

13. 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.

9.	Estimated cash outflows for next quarter	$US'000
9.1	Exploration and evaluation	4,000
9.2	Development	-
9.3	Production	11,700
9.4	Staff costs	75
9.5	Administration and corporate costs	1,000
9.6	Other (repayment of royalty)	895
9.7	Total estimated cash outflows	17,670

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	-	-	-	-
10.2	Interests in mining tenements and petroleum tenements acquired or increased	-	-	-	-