NewPeak Metals : NPM Quarterly cash flow report

NewPeak Metals Ltd

ABN

Quarter ended ("current quarter")

79 068 958 752

30 June 2022

Consolidated statement of cash flows

Current quarter

Year to date

$A'000

(12 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

-

-

(e) administration and corporate costs

(159)

(954)

1.3

Dividends received (see note 3)

-

-

1.4

Interest received

-

-

1.5

Interest and other costs of finance paid

(34)

(57)

1.6

Income taxes paid

-

-

1.7

Government grants and tax incentives

-

-

1.8

Other (provide details if material)

-

-

activities

(193)

(1,011)

2.

Cash flows from investing activities

2.1

Payments to acquire or for:

(a)

entities

-

-

(b)

tenements

(73)

(73)

(c)

property, plant and equipment

-

-

(d)

exploration & evaluation

(356)

(2,513)

(e)

investments

-

-

(f)

other non-current assets

-

-

Consolidated statement of cash flows

Current quarter

Year to date

$A'000

(12 months)

$A'000

2.2

Proceeds from the disposal of:

(a)

entities

-

-

(b)

tenements

-

-

(c) property, plant and equipment

-

-

(d)

investments

-

-

(e)

other non-current assets

-

(24)

2.3

Cash flows from loans to other entities

-

-

2.4

Dividends received (see note 3)

-

-

2.5

Other (provide details if material)

-

-

activities

(429)

(2,610)

(excluding convertible debt securities)

-

3,505

3.2

Proceeds from issue of convertible debt

securities

-

-

3.3

Proceeds from exercise of options

-

-

securities or convertible debt securities

-

(226)

3.5

Proceeds from borrowings

-

-

3.6

Repayment of borrowings

-

-

borrowings

-

-

3.8

Dividends paid

-

-

3.9

Other (provide details if material)

-

-

activities

-

3,279

cash equivalents for the period

(522)

280

period

846

566

activities (item 1.9 above)

(193)

(1,011)

(item 2.6 above)

(429)

(2,610)

(item 3.10 above)

-

3,279

Consolidated statement of cash flows

Current quarter

Year to date

$A'000

(12 months)

$A'000

cash held

-

-

period

224

224

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

224

846

5.2

Call deposits

-

5.3

Bank overdrafts

-

5.4

Other (provide details)

-

quarter (should equal item 4.6 above)

224

846

6.

Payments to related parties of the entity and their

Current quarter

associates

$A'000

associates included in item 1

42

associates included in item 2

-

Total facility

Amount drawn at

amount at quarter

quarter end

end

$A'000

$A'000

-

-

-

-

560

560

560

560

7.5

Unused financing facilities available at quarter end

-

Amount:

$560,000

Interest Rate:

12% per annum

Interest Payments:

Interest payable quarterly in arrears

Maturity Date:

See below.

Repayment Terms:

The Company may repay the loan either via shares or cash. If the

Company elects to repay the loan via the issue of shares, the issue price

of the shares will be the higher of A$0.003 or 10% discount to the 30

day VWAP ending on the business day prior to the date of payment.

The Company and the Noteholder have agreed to convert the note @

A$0.003 and the Company intends to call a Shareholder Meeting to

approve the issue of shares to repay the facility.

8.

Estimated cash available for future operating activities

$A'000

8.1

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

(123)

activities) (item 2.1(d))

(429)

8.3

Total relevant outgoings (item 8.1 + item 8.2)

(552)

8.4

Cash and cash equivalents at quarter end (item 4.6)

224

8.5

Unused finance facilities available at quarter end (item 7.5)

-

8.6

Total available funding (item 8.4 + item 8.5)

224

8.7

Estimated quarters of funding available (item 8.6 divided by

0.40

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: No, the Company's exploration-based expenditures are variable by nature and are

adjusted to fit the Company's available funds as required from time to time. The

Company deliberately has flexibility built into its forward work programs, and

spending commitments will not be made without certainty of the Company's ability

to meet those commitments when they fall due.