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

Legend Mining Limited

ABN

Quarter ended ("current quarter")

22 060 966 145

30 June 2022

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

(b)

development

(c)

production

(d)

staff costs

(62)

(124)

(e) administration and corporate costs

(95)

(334)

1.3

Dividends received (see note 3)

1.4

Interest received

18

30

1.5

Interest and other costs of finance paid

(1)

(2)

1.6

Income taxes paid

1.7 Government grants and tax incentives - Research and development refunds

1.8

Other (Once off cost of R&D refund)

-

(117)

Other (Payment received from Jindal)

-

500

1.9

Net cash from / (used in) operating

(140)

(47)

activities

2.

Cash flows from investing activities

2.1

Payments to acquire or for:

(a)

entities

(b)

tenements

(c)

property, plant and equipment

(d)

exploration & evaluation

(2,469)

(3,331)

(e)

investments

(f)

other non-current assets

ASX Listing Rules Appendix 5B

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

(2,469)

(3,331)

For personal

3.

Cash flows from financing activities

3.1

Proceeds from issues of equity securities

(excluding convertible debt securities)

3.2

Proceeds from issue of convertible debt

securities

3.3

Proceeds from exercise of options

3.4

Transaction costs related to issues of equity

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 (Principal elements of lease

(23)

(46)

payment)

3.10

Net cash from / (used in) financing

(23)

(46)

activities

4. Net increase / (decrease) in cash and cash equivalents for the period

4.1

Cash and cash equivalents at beginning of

17,566

18,358

period

4.2

Net cash from / (used in) operating

(140)

(47)

activities (item 1.9 above)

4.3

Net cash from / (used in) investing activities

(2,469)

(3,331)

(item 2.6 above)

4.4

Net cash from / (used in) financing activities

(23)

(46)

(item 3.10 above)

ASX Listing Rules Appendix 5B

Page 2

+ 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

Consolidated statement of cash flows

Current quarter

Year to date

$A'000

(6.months)

$A'000

4.5 Effect of movement in exchange rates on cash held

4.6

Cash and cash equivalents at end of

14,934

14,934

period

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

834

966

5.2

Call deposits

14,100

16,600

5.3

Bank overdrafts

5.4

Other (provide details)

5.5

Cash and cash equivalents at end of

14,934

17,566

quarter (should equal item 4.6 above)

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

73*

associates included in item 1

6.2

Aggregate amount of payments to related parties and their

131*

associates included in item 2

*Non-executive director's fees and executive directors' salaries only - Please see Remuneration Report in the Annual Report for further details on Directors' remuneration

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.

ASX Listing Rules Appendix 5B

Page 3

+ 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

7.

Financing facilities

Total facility

Amount drawn at

Note: the term "facility' includes all forms of financing

amount at quarter

quarter end

arrangements available to the entity.

end

$A'000

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 (please specify)

-

-

7.4

Total financing facilities

-

-

7.5 Unused financing facilities available at quarter end

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.

N/a

ASX Listing Rules Appendix 5B

Page 4

+ 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)

(140)

8.2

Payments for exploration & evaluation classified as investing

(2,469)

activities (Item 2.1(d))

8.3

Total relevant outgoings (item 8.1 + Item 8.2)

(2,609)

8.4

Cash and cash equivalents at quarter end (item 4.6)

14,934

8.5

Unused finance facilities available at quarter end (item 7.5)

-

8.6

Total available funding (item 8.4 + item 8.5)

14,934

8.7

Estimated quarters of funding available (Item 8.6 divided by

5.72

item 8.3)

Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as "N/A". Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7

8.8 If item 8.7 is less than 2 quarters, please provide answers to the following questions:

8.8.1 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?

Answer: N/a

8.8.2 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?

Answer: N/a

8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?

Answer: N/a

Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered.

Compliance statement

  1. This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
  2. This statement gives a true and fair view of the matters disclosed.

Date:

14 July 2022

Authorised by: Tony Walsh, Company Secretary

By the board...............................................................

(Name of body or officer authorising release - see note 4)

Notes

1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity's activities for the past quarter, how they have been financed and the effect this has had on its cash position. An

ASX Listing Rules Appendix 5B

Page 5

+ See chapter 19 of the ASX Listing Rules for defined terms.

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Legend Mining Limited published this content on 13 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 July 2022 22:33:01 UTC.