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
Tasman Resources Ltd | |
ABN | Quarter ended ("current quarter") |
85 009 253 187 | 30 September 2019 |
Consolidated statement of cash flows | Current quarter | Year to date | ||
$A'000 | (3 months) | |||
$A'000 | ||||
1. | Cash flows from operating activities | |||
1.1 | Receipts from customers | - | - | |
1.2 | Payments for | |||
(a) | exploration & evaluation | (185) | (185) | |
(b) | development | - | - | |
(c) | production | - | - | |
(d) | staff costs | (98) | (98) | |
(e) administration and corporate costs | (102) | (102) | ||
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 | Research and development refunds | - | - | |
1.8 | Other (provide details if material) | 6 | 6 | |
1.9 | Net cash from / (used in) operating | (379) | (379) | |
activities |
Notes:
THIS CONSOLIDATED STATEMENT OF CASHFLOWS REFLECTS THE CONSOLIDATED FINANCIAL STATEMENTS OF BOTH TASMAN RESOURCES LTD AND EDEN INNOVATIONS LTD DUE TO TASMAN HOLDING 36.24% OF THE ISSUED CAPITAL OF EDEN.
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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 | (3 months) | |||
$A'000 | ||||
2. | Cash flows from investing activities | |||
2.1 | Payments to acquire: | |||
(a) property, plant and equipment | - | - | ||
(b) | tenements (see item 10) | - | - | |
(c) | investments | (40) | (40) | |
(d) | other non-current assets | - | - | |
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 (Eden) | 164 | 164 | |
2.6 | Net cash from / (used in) investing | 124 | 124 | |
activities |
2.5 - Relates to net cashflows of Eden Innovations Ltd, an ASX listed company of which Tasman has a 36.24% interest in and is consolidated into Tasman.
3. | Cash flows from financing activities | ||
3.1 | Proceeds from issues of shares | 3 | 3 |
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 | |||
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 | 3 | 3 |
activities |
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
4. Net increase / (decrease) in cash and cash equivalents for the period
4.1 | Cash and cash equivalents at beginning of | 4,228 | 4,228 |
period | |||
4.2 | Net cash from / (used in) operating | (379) | (379) |
activities (item 1.9 above) | |||
4.3 | Net cash from / (used in) investing activities | 124 | 124 |
(item 2.6 above) | |||
4.4 | Net cash from / (used in) financing activities | 3 | 3 |
(item 3.10 above) | |||
4.5 | Effect of movement in exchange rates on | - | - |
cash held | |||
4.6 | Cash and cash equivalents at end of | 3,976 | 3,976 |
period |
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 | 569 | 1,000 |
5.2 | Call deposits | - | - |
5.3 | Bank overdrafts | - | - |
5.4 | Other (held by Eden Innovations Ltd) | 3,407 | 3,228 |
5.5 | Cash and cash equivalents at end of | 3,976 | 4,228 |
quarter (should equal item 4.6 above) |
5.4 - Relates to cash held by Eden Innovations Ltd, an ASX listed company of which Tasman has a 36.24% interest in and is consolidated into Tasman for accounting purposes. Tasman does not have access to cash held by Eden Innovations Ltd.
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 | 113 |
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
Management Fees, as per agreement, were paid during the quarter to a company of which Mr GH Solomon and Mr DH Solomon are directors.
Directors Fees and superannuation paid during the period.
Legal Fees were paid during the quarter to a firm of which Mr GH Solomon and Mr DH Solomon are partners.
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
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
Add notes as necessary for an understanding of the position
Total facility amount | Amount drawn at |
at quarter end | quarter end |
$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.
-
9. | Estimated cash outflows for next quarter | $A'000 | |||
9.1 | Exploration and evaluation | 50 | |||
9.2 | Development | - | |||
9.3 | Production | - | |||
9.4 | Staff costs | 90 | |||
9.5 | Administration and corporate costs | 80 | |||
9.6 | Other (provide details if material) | - | |||
9.7 | Total estimated cash outflows | 220 | |||
10. | Changes in | Tenement reference | Nature of | Interest at | Interest |
tenements | and location | interest | beginning | at end of | |
(items 2.1(b) and | of quarter | quarter | |||
2.2(b) above) | |||||
10.1 | Interests in mining | EL 5849 - SA | Direct | 100% | 0% |
tenements and | |||||
petroleum tenements | |||||
lapsed, relinquished | |||||
or reduced |
10.2 Interests in mining tenements and petroleum tenements acquired or increased
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
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.
Sign here: | Date: 25 October 2019 |
Company secretary | |
Print name: | Aaron Gates |
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.
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