For personal use only
Change to numbers in Section 8 of Appendix 5B
The number used in Section 8.1 of the lodged Appendix 5B was incorrect. The number used was the 6 monthly figure of $1,355,000 loss and should have been the quarterly figure of $669,000 loss. This leads to an increase in the estimated quarters of funding available, as calculated at Section 8.7 in the Appendix 5B from 7.4 months to 15 months.
There are no other changes to Appendix 5B."
Authorised by: Audit and Risk Committee
1 February 2022
Suite 504, 80 Clarence St, Sydney NSW 2000 | Postal Address: GPO Box 4729, Sydney NSW 2001 | 0419 407 191 | lmg@latrobemagnesium.com |
Latrobe Magnesium Limited | ABN 52 009 173 611 | www.latrobemagnesium.com
For personal use only
Rule 5.5
Appendix 5B
Mining exploration entity or oil and gas exploration entity
quarterly cash flow report
Name of entity | |
Latrobe Magnesium Limited | |
ABN | Quarter ended ("current quarter") |
55 009 173 611 | 31 December 2021 |
Consolidated statement of cash flows | Current quarter | Year to date | ||
$A'000 | (6 months) | |||
$A'000 | ||||
1. | Cash flows from operating activities | |||
1.1 | Receipts from customers | |||
1.2 | Payments for | |||
(a) | exploration & evaluation | (249) | (438) | |
(b) | development | |||
(c) | production | |||
(d) | staff costs | (241) | (454) | |
(e) | administration and corporate costs | (998) | (1,283) | |
1.3 | Dividends received (see note 3) | |||
1.4 | Interest received | 5 | 6 | |
1.5 | Interest and other costs of finance paid | |||
1.6 | Income taxes paid | |||
1.7 | Government grants and tax incentives | 814 | 814 | |
1.8 | Other (provide details if material) | |||
1.9 | Net cash from / (used in) operating | (669) | (1,355) | |
activities | ||||
2. | Cash flows from investing activities | |||
2.1 | Payments to acquire or for: | |||
(a) | entities | |||
(b) | tenements | |||
(c) | property, plant and equipment | (3,795) | (3,795) | |
(d) | exploration & evaluation | |||
(e) | rent & deposit bonds | (16) | (16) | |
(f) | other non-current assets | (1) | (11) |
ASX Listing Rules Appendix 5B (17/07/20) | Page 1 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report
use only
Consolidated statement of cash flows
2.2 Proceeds from the disposal of:
(a) entities
(b) tenements
(c) property, plant and equipment
(d) investments
(e) 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 from / (used in) investing activities
Current quarter | Year to date |
$A'000 | (6 months) |
$A'000 |
(3,812) | (3,822) |
personal
3. | Cash flows from financing activities | ||
3.1 | Proceeds from issues of equity securities | 14,963 | 14,963 |
(excluding convertible debt securities) |
3.2 Proceeds from issue of convertible debt securities
3.3 | Proceeds from exercise of options | 39 | 39 |
3.4 | Transaction costs related to issues of equity | (870) | (870) |
securities or convertible debt securities | |||
3.5 | Proceeds from borrowings | ||
3.6 | Repayment of borrowings | ||
3.7 | Transaction costs related to loans and | ||
borrowings | |||
3.8 | Dividends paid | ||
3.9 | Other (repayment of lease liabilities) | (85) | (174) |
3.10 | Net cash from / (used in) financing | 14,047 | 13,958 |
activities |
For
4. Net increase / (decrease) in cash and cash equivalents for the period
- Cash and cash equivalents at beginning of period
- Net cash from / (used in) operating activities (item 1.9 above)
- Net cash from / (used in) investing activities (item 2.6 above)
- Net cash from / (used in) financing activities (item 3.10 above)
169 | 954 |
(669) | (1,355) |
(3,812) | (3,822) |
14,047 | 13,958 |
ASX Listing Rules Appendix 5B (17/07/20) | Page 5 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report
only
Consolidated statement of cash flows
- Effect of movement in exchange rates on cash held
- Cash and cash equivalents at end of period
Current quarter | Year to date |
$A'000 | (6 months) |
$A'000 | |
- | - |
9,735 | 9,735 |
5. | Reconciliation of cash and cash | Current quarter | Previous quarter |
equivalents | $A'000 | $A'000 |
at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts
5.1 Bank balances
5.2 Call deposits
5.3 Bank overdrafts
5.4 Other (provide details)
5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above)
37 | 19 |
9,698 | 150 |
- | - |
- | - |
9,735 | 169 |
6. | Payments to related parties of the entity and their | Current quarter |
associates | $A'000 | |
6.1 | Aggregate amount of payments to related parties and their | - |
associates included in item 1 | ||
6.2 | Aggregate amount of payments to related parties and their | - |
associates included in item 2 | ||
Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments.
For personal use
7. | Financing facilities | Total facility |
Note: the term "facility' includes all forms of financing | amount at quarter | |
arrangements available to the entity. | end | |
Add notes as necessary for an understanding of the | ||
$A'000 | ||
sources of finance available to the entity. | ||
7.1 | Loan facilities | - |
7.2 | Credit standby arrangements | - |
7.3 | Other (GST refund) | 353 |
7.4 | Total financing facilities | 353 |
7.5 | Unused financing facilities available at quarter end |
Amount drawn at
quarter end
$A'000
-
-
-
-
353
7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.
ASX Listing Rules Appendix 5B (17/07/20) | Page 5 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
For personal use only
Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report
8. | Estimated cash available for future operating activities | $A'000 |
8.1 | Net cash from / (used in) operating activities (Item 1.9) | (669) |
8.2 | Capitalised exploration & evaluation (Item 2.1(d)) | - |
8.3 | Total relevant outgoings (Item 8.1 + Item 8.2) | (669) |
8.4 | Cash and cash equivalents at quarter end (Item 4.6) | 9,735 |
8.5 | Unused finance facilities available at quarter end (Item 7.5) | 353 |
8.6 | Total available funding (Item 8.4 + Item 8.5) | 10,088 |
8.7 | Estimated quarters of funding available (Item 8.6 divided by | 15 |
Item 8.3) | ||
8.8 If Item 8.7 is less than 2 quarters, please provide answers to the following questions:
- Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?
- Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?
- Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?
Compliance statement
- This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
- This statement gives a true and fair view of the matters disclosed.
24 January 2021
Date: ...................................................................................
Audit and Risk Committee
Authorised by: ...................................................................................
(Name of body or officer authorising release - see note 4)
ASX Listing Rules Appendix 5B (17/07/20) | Page 5 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
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Latrobe Magnesium Limited published this content on 01 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 February 2022 03:11:02 UTC.