Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
+Rule 5.5
Appendix 5B
Mining exploration entity and oil and gas exploration entity
quarterly report
Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/13, 01/09/16
Name of entity
PLATINA RESOURCES LIMITED | |
ABN | Quarter ended ("current quarter") |
25 119 007 939 | 31 December 2019 |
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 | (393) | (519) | |
(b) | development | - | - | |
(c) | production | - | - | |
(d) | staff costs | (129) | (257) | |
(e) administration and corporate costs | (314) | (536) | ||
1.3 | Dividends received (see note 3) | - | - | |
1.4 | Interest received | - | 5 | |
1.5 | Interest and other costs of finance paid | - | - | |
1.6 | Income taxes paid | - | - | |
1.7 | Other - Research & Development refund | - | - | |
1.7 | Other - other income | 2 | 3 | |
1.8 | Net cash from / (used in) operating | (834) | (1,304) | |
activities |
2. | Cash flows from investing activities | |||
2.1 | Payments to acquire: | |||
(a) property, plant and equipment | - | - | ||
(b) tenements (see item 10) | - | - | ||
(c) | investments | (335) | (335) | |
(d) | other non-current assets | - | - | |
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
Consolidated statement of cash flows
Current quarter | Year to date |
$A'000 | (6 months) |
$A'000 |
2.2 | Proceeds from the disposal of: | |||
(a) property, plant and equipment | - | - | ||
(b) tenements (see item 10) | - | - | ||
(c) | investments | - | - | |
(d) | other non-current assets | - | - | |
2.3 | Cash flows from loans to other entities | - | - | |
2.4 | Dividends received (see note 3) | - | - | |
2.5 | Other - credit card security bond | - | - | |
2.6 | Net cash from / (used in) investing | (335) | (335) | |
activities |
3. | Cash flows from financing activities | ||
3.1 | Proceeds from issues of shares | 1,250 | 1,250 |
3.2 | Proceeds from issue of convertible notes | - | - |
3.3 | Proceeds from exercise of share options | - | - |
3.4 Transaction costs related to issues of
shares, convertible notes or options | (108) | (108) | |
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 | 1,142 | 1,142 |
activities |
4. Net increase / (decrease) in cash and cash equivalents for the period
4.1 Cash and cash equivalents at beginning of
period | 829 | 1,299 | |
4.2 | Net cash from / (used in) operating | (834) | (1,304) |
activities (item 1.9 above) | |||
4.3 | Net cash from / (used in) investing activities | (335) | (335) |
(item 2.6 above) | |||
4.4 | Net cash from / (used in) financing activities | 1,142 | 1,142 |
(item 3.10 above) | |||
4.5 | Effect of movement in exchange rates on | - | - |
cash held | |||
4.6 | Cash and cash equivalents at end of | 802 | 802 |
period | |||
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
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 | Previous quarter |
$A'000 | $A'000 |
5.1 | Bank balances | 802 | 829 |
5.2 | Call deposits | - | - |
5.3 | Bank overdrafts | - | - |
5.4 | Other (provide details) | - | - |
5.5 | Cash and cash equivalents at end of | 802 | 829 |
quarter (should equal item 4.6 above) |
Note: Subsequent to the end of the quarter, the Company received a Research and Development refund claim totalling $187,497 before costs from eligible expenditure activities at the Platina Scandium project in 2019 under the Federal Government's R&D tax incentive scheme.
6. | Payments to directors of the entity and their associates | Current quarter |
$A'000 | ||
6.1 | Aggregate amount of payments to these parties included in item 1.2 | 156 |
6.2 | Aggregate amount of cash flow from loans to these parties included | - |
in item 2.3 |
6.3 Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2
Directors fees and consultancy charges | 122 |
Legal fees | 34 |
7. | Payments to related entities of the entity and their | Current quarter |
associates | $A'000 | |
7.1 | Aggregate amount of payments to these parties included in item 1.2 | - |
7.2 | Aggregate amount of cash flow from loans to these parties included | - |
in item 2.3 |
7.3 Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2
8. | Financing facilities available | Total facility amount | Amount drawn at |
Add notes as necessary for an | at quarter end | quarter end | |
understanding of the position | $A'000 | $A'000 | |
8.1 | Loan facilities | - | - |
8.2 | Credit standby arrangements | - | - |
8.3 | Other (please specify) | - | - |
8.4 Include below a description of each facility above, including the lender, interest rate and whether it is secured or unsecured. If any additional facilities have been entered into or are proposed to be entered into after quarter end, include details of those facilities as well.
- See chapter 19 for defined terms
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
9. | Estimated cash outflows for next quarter | $A'000 | ||
9.1 | Exploration and evaluation | 380 | ||
9.2 | Development | - | ||
9.3 | Production | - | ||
9.4 | Staff costs | 130 | ||
9.5 | Administration and corporate costs | 165 | ||
9.6 | Other -provide details if material) | - | ||
9.7 | Total estimated cash outflows | 675 | ||
10. | Changes in | Tenement Nature of interest | Interest at | Interest |
tenements | reference | beginning | at end of | |
(items 2.1(b) and | and | of quarter | quarter | |
2.2(b) above) | location |
- Interests in mining tenements and petroleum tenements lapsed, relinquished or reduced
- Interests in mining tenements and petroleum tenements acquired or increased
Compliance statement
- This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
- This statement gives a true and fair view of the matters disclosed and has been authorised for release by the Board.
Sign here: | . | . | Date: 31 January 2020 |
Company Secretary | |||
Print name: | Paul Jurman |
Notes
- The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.
- If this quarterly report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.
- Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.
+ See chapter 19 for defined terms | Page 4 |
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