Sheffield Resources : Quarterly Cashflow Report

About this update from Sheffield Resources Limited

Appendix 5B +Rule 5.5 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 Sheffield Resources Limited ABN Quarter ended ("current quarter") 29 125 811 083 30 June 2017 Consolidated statement of cash flows Current quarter $A'000 Year to date (12 months) $A'000 1. Cash flows from operating activities - - 1.1 Receipts from customers 1.2 Payments for: (1,160) (9,716) (a) exploration & evaluation (b) development - - (c) production - - (d) staff costs (827) (2,752) (e) administration and corporate costs (744) (2,339) 1.3 Dividends received (see note 3) - - 1.4 Interest received 57 258 1.5 Interest and other costs of finance paid - - 1.6 Income taxes paid - - 1.7 Research and development refunds - - 1.8 Other: (a) GST paid to be recouped - 18 (b) Return of office bond funds 42 42 1.9 Net cash from / (used in) operating activities (2,632) (14,489) Cash flows from investing activities Payments to acquire: property, plant and equipment (18) (41) tenements (see item 10) - - Consolidated statement of cash flows Current quarter $A'000 Year to date (12 months) $A'000 (c) investments - - (d) other non-current assets - - 2.2 Proceeds from the disposal of: (a) property, plant and equipment - - (b) tenements (see item 10) - 500 (c) investments - - (d) other financial assets - 62 2.3 Cash flows from loans to other entities - - 2.4 Dividends received (see note 3) - - 2.5 Other (R&D rebate for 2016 year) - 1,215 2.6 Net cash from / (used in) investing (18) 1,736 activities Cash flows from financing activities Proceeds from issues of shares Proceeds from issue of convertible notes Proceeds from exercise of share options Transaction costs related to issues of shares, convertible notes or options Proceeds from borrowings Repayment of borrowings Transaction costs related to loans and borrowings Dividends paid Other (provide details if material) 3.10 Net cash from / (used in) financing activities - - - - - - - - - 17,129 - - (1,051) - - - - - - 16,078 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 10,982 5,007 4.2 Net cash from / (used in) operating activities (item 1.9 above) (2,632) (14,489) 4.3 Net cash from / (used in) investing activities (item 2.6 above) (18) 1,736 4.4 Net cash from / (used in) financing activities (item 3.10 above) - 16,078 Consolidated statement of cash flows Current quarter $A'000 Year to date (12 months) $A'000 4.5 Effect of movement in exchange rates on cash held - - 4.6 Cash and cash equivalents at end of period 8,332 8,332 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 1,290 1,982 5.2 Term deposits 7,042 9,000 5.3 Bank overdrafts - - 5.4 Other (provide details) - - 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 8,332 10,982 Current quarter $A'000 130 - Payments to directors of the entity and their associates Aggregate amount of payments to these parties included in item 1.2 Aggregate amount of cash flow from loans to these parties included in item 2.3 Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2 Director fees and superannuation Current quarter $A'000 - - Payments to related entities of the entity and their associates Aggregate amount of payments to these parties included in item 1.2 Aggregate amount of cash flow from loans to these parties included in item 2.3 Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2 N/A Total facility amount at quarter end $A'000 Amount drawn at quarter end $A'000 - - - - - - Financing facilities available Add notes as necessary for an understanding of the position Loan facilities Credit standby arrangements Other (please specify) 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. N/A 9. Estimated cash outflows for next quarter $A'000 9.1 Exploration and evaluation 1,400 9.2 Development - 9.3 Production - 9.4 Staff costs 800 9.5 Administration and corporate costs 600 9.6 Other (provide details if material) - 9.7 Total estimated cash outflows 2,800 10. Changes in tenements (items 2.1(b) and 2.2(b) above) Tenement reference and location Nature of interest Interest at beginning of quarter Interest at end of quarter 10.1 Interests in mining tenements and petroleum tenements lapsed, relinquished or reduced E04/2392 - Canning Basin E63/1696 - Tropicana Belt E28/2481 - Tropicana Belt Relinquished Relinquished Relinquished 100% 100% 100% Nil Nil Nil 10.2 Interests in mining tenements and petroleum tenements acquired or increased E04/2386 - Canning Basin E28/2563 - Fraser Range E46/1099 - Pilbara Granted Granted Granted Nil Nil Nil 100% 49% 100%

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