Legacy Iron Ore : Quarterly Cashflow Report

About this update from Legacy Iron Ore Ltd

Rule 5.5 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity LEGACY IRON ORE LIMITED ABN Quarter ended ("current quarter") 31 125 010 353 30 September 2020 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 (if expensed) (b) development (c) production (d) staff costs (50) (170) (e) administration and corporate costs (195) (424) 1.3 Dividends received (see note 3) 1.4 Interest received 16 44 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Government grants and tax incentives 37 38 1.8 Other (provide details if material) 1.9 Net cash from / (used in) operating (192) (512) activities 2. Cash flows from investing activities 2.1 Payments to acquire: (a) entities (b) tenements (c) property, plant and equipment (6) (15) (d) exploration & evaluation (if capitalised) (524) (1,008) (e) investments (f) other non-current assets ASX Listing Rules Appendix 5B (01/12/19) 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 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 (R receipt from Joint Venture participant ) 2.6 Net cash from / (used in) investing activities 3. Cash flows from financing activities Proceeds from issues of equity securities (excluding convertible debt securities) 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 (provide details if material) 3.10 Net cash from / (used in) financing activities Current quarter Year to date $A'000 (6 months) $A'000 (530) (1,023) 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of 8,401 9,214 period 4.2 Net cash from / (used in) operating (192) (512) activities (item 1.9 above) 4.3 Net cash from / (used in) investing activities (530) (1,023) (item 2.6 above) 4.4 Net cash from / (used in) financing activities (item 3.10 above) ASX Listing Rules Appendix 5B (01/12/19) Page 2 + 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 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 7,679 7,679 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 679 679 5.2 Call deposits 7,000 7,000 5.3 Bank overdrafts 5.4 Other (provide details) 5.5 Cash and cash equivalents at end of 7,679 7,679 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 52 associates included in item 1 6.2 Aggregate amount of payments to related parties and their 25 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 ASX Listing Rules Appendix 5B (01/12/19) Page 3 + 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 7. Financing facilities Note: the term "facility' includes all forms of financing arrangements available to the entity. Add notes as necessary for an understanding of the 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 Total facility Amount drawn at amount at quarter quarter end end $A'000 $A'000 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. 8. Estimated cash available for future operating activities $A'000 8.1 Net cash from / (used in) operating activities (Item 1.9) (192) 8.2 Capitalised exploration & evaluation (Item 2.1(d)) (524) 8.3 Total relevant outgoings (Item 8.1 + Item 8.2) (716) 8.4 Cash and cash equivalents at quarter end (Item 4.6) 7,679 8.5 Unused finance facilities available at quarter end (Item 7.5) 8.6 Total available funding (Item 8.4 + Item 8.5) 7,679 8.7 Estimated quarters of funding available (Item 8.6 divided by 10 Item 8.3) 8.8 If Item 8.7 is less than 2 quarters, please provide answers to the following questions: 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 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 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 ASX Listing Rules Appendix 5B (01/12/19) Page 4 + See chapter 19 of the ASX Listing Rules for defined terms. This is an excerpt of the original content. To continue reading it, access the original document here .

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