Nagambie Resources LimitedASX: NAG

Appendix 5B

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Rule 5.5

Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Name of entity

Nagambie Resources Limited

ABN

42 111 587 163

Quarter ended ("current quarter")

31 December 2020

Consolidated statement of cash flows

Current quarter

$A'000

Year to date (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 & rehabilitation

    • (c) production

    • (d) staff costs

    • (e) administration and corporate costs

  • 1.3 Dividends received (see note 3)

  • 1.4 Interest received

  • 1.5 Interest and other costs of finance paid

  • 1.6 Income taxes paid

  • 1.7 Government grants and tax incentives

  • 1.8 Other (provide details if material)

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

122

- (7)

- (30)

(297)

- 1 (92)

- - -

147

- (19)

- (54)

(401)

- 1 (214)

- - -

(303)

(540)

2. 2.1

Cash flows from investing activities Payments to acquire:

(a)

entities

-

-

(b)

tenements

-

-

(c)

property, plant and equipment

-

-

(d)

exploration & evaluation (if capitalised)

(288)

(393)

(e)

investments

-

-

(f)

other non-current assets

-

-

Page 1

Consolidated statement of cash flows

Current quarter

$A'000

Year to date (6 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

  • 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

- 100 5 534 - - - -

- 100 5 756 - - - -

351

468

  • 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 (provide details if material)

  • 3.10 Net cash from / (used in) financing activities

- - - - - (134)

- - -

- - - - 100 (168)

- - -

(134)

(68)

4.

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

  • 4.1 Cash and cash equivalents at beginning of period

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

  • 4.3 Net cash from / (used in) investing activities (item 2.6 above)

  • 4.4 Net cash from / (used in) financing activities (item 3.10 above)

730

(303)

351

(134)

784

(540)

468

(68)

Consolidated statement of cash flows

Current quarter

$A'000

Year to date (6 months)

$A'000

  • 4.5 Effect of movement in exchange rates on cash held

  • 4.6 Cash and cash equivalents at end of period

-

-

644

644

5.

Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts

Current quarter

$A'000

Previous quarter

$A'000

  • 5.1 Bank balances

  • 5.2 Call deposits

  • 5.3 Bank overdrafts

  • 5.4 Other (Tenement bonds)

  • 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above)

58 27 - 559

34 137 - 559

644

730

  • 6. Payments to related parties of the entity and their associates

  • 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

Current quarter

$A'000

30

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

-

  • 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 at quarter end $A'000

    Amount drawn at quarter end

    $A'000

    300

    300

    -

    -

    -

    -

    300

    300

  • 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.

The above unsecured at call facility is provided by a shareholder at an interest rate of 10% per annum.

8.

Estimated cash available for future operating activities

$A'000

8.1

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

8.2

Capitalised exploration & evaluation (Item 2.1(d))

8.3

Total relevant outgoings (Item 8.1 + Item 8.2)

8.4

Cash and cash equivalents at quarter end (Item 4.6)

8.5

Unused finance facilities available at quarter end (Item 7.5)

8.6

Total available funding (Item 8.4 + Item 8.5)

8.7

Estimated quarters of funding available (Item 8.6 divided by Item 8.3)

303

288

591

644 -

644

1.1

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: Yes

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: The company holds listed securities with a market value of A$3.104m at 31

December 2020. Securities to the value of A$1.214m are available for sale in the quarter ended 31 March 2021.

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: Yes, the company expects to be able to continue to operate on a going concern basis.

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