only

Appendix 4D

1. Company Details

Name of Entity

Protean Energy Limited

ABN

Half year ended ("current period")

Half year ended ("previous period")

81 119 267 391

31 December 2021

31 December 2020

2.

Results for announcement to the market

AUD $

use

  1. Revenues from ordinary activities
  2. Profit / (loss) from ordinary activities after tax
    attributable to members ‐ 31 December 2020: loss of ($311,430)
  3. Net profit / (loss) for the period attributable to members ‐ 31 December 2020: loss of ($311,430)

Up

48% to

835

Up

24% to

(386,120)

Up

24% to

(386,120)

For personal

2.4 Dividends

Amount per security

Franked amount per security

Interim dividend declared

N/A

N/A

2.5 Record date for determining entitlements to the dividend

N/A

2.6 Brief explanation of any of the figures in 2.1 to 2.4 above necessary to enable figures to be understood

During the period, the Company has continued its exploration programme of the Gwesan Vanadium Project. No material exploration was undertaken on the Daejon Project and the Company is continuing to review the project to assess options moving forward.

3.

Net tangible assets per security

31 December 2021

31 December 2020

Net tangible asset backing per ordinary security

0.002

0.003

4.

Details of entities over which control has been gained or lost

4.1. Control gained over entities

N/A

personal use only

4.2. Control lost over entities

N/A

5. Dividends

Individual dividends per security

Franked

Amount per

Amount

security of

Date dividend is

amount per

per

foreign

payable

security at

security

source

30% tax

dividend

Interim dividend:

Current year

N/A

N/A

N/A

N/A

Previous year

N/A

N/A

N/A

N/A

6. Dividend reinvestment plans

The dividend or distribution plans shown below are in operation.

N/A

The last date(s) for receipt of election notices for

the dividend or distribution plans.

N/A

For

7. Details of associates and joint entities

Name

Relationship

31 December 2021

31 December 2020

Korea Vanadium Ltd

Joint Venture

50%

50%

KORID Energy Co Ltd

Associate

‐

50%

8. Foreign entities

N/A

For personal use only

9. If the accounts are subject to audit dispute or qualification, details are described below.

N/A

Sign here:

Date:

4 February 2022

Chairman

Print Name:

David Wheeler

For personal use only

PROTEAN ENERGY LIMITED

ABN 81 119 267 391

INTERIM FINANCIAL REPORT

FOR THE HALF‐YEAR ENDED

31 DECEMBER 2021

For personal use only

CORPORATE DIRECTORY

Directors

Share Registry

David Wheeler

Non‐Executive Chairman

Link Market Services Limited

Joe Graziano

Non‐Executive Director

Level 12, QV1 Building

Tim Slate

Non‐Executive Director

250 St Georges Terrace

Perth WA 6000

Company Secretaries

Telephone:

1300 554 474

Tim Slate

Stock Exchange Listing

Carla Healy

Australian Securities Exchange

Bankers

ASX Code ‐ POW

Registered and Principal Office

National Australia Bank Limited

100 St Georges Terrace

Level 3, 101 St Georges Terrace

Perth WA 6000

Perth WA 6000

Telephone:

+61 8 6558 0886

Auditor

Facsimile:

+61 8 6316 3337

BDO Audit (WA) Pty Ltd

Email:

admin@proteanenergy.com

Level 9 Mia Yellagonga Tower 2

Web:

www.proteanenergy.com

2 Spring Street

Perth WA 6000

CONTENTS

Corporate Directory

2

Directors' Report

3

Auditor's Independence Declaration

5

Consolidated Statement of Profit or Loss and Other Comprehensive Income

6

Consolidated Statement of Financial Position

7

Consolidated Statement of Changes in Equity

8

Consolidated Statement of Cash Flows

9

Notes to the Consolidated Financial Statements

10

Directors' Declaration

13

Independent Auditor's Review Report to the Members

14

PROTEAN ENERGY LIMITED

2

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Protean Energy Ltd. published this content on 04 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 February 2022 08:05:04 UTC.