Tyranna Resources : Quarterly Activities/Appendix 5B Cash Flow Report

About this update from Tyranna Resources Limited

26 April 2022 Quarterly Activities Report 31 March 2022 Tyranna Resources Ltd ( Tyranna or the Company ) provides shareholders its quarterly report for the three-month period ending 31 March 2022. WA NICKEL PROJECTS The Company has not progressed the next stage of exploration during the quarter due to the difficulties in accessing suitable geological expertise and planning for the next round of activities. The Company is focused on developing an effective strategy to explore the projects with a dedicated team in place to drive performance and cost effectively run the exploration program. Assessment of historical work undertaken and identification of the next steps prior to any drilling being undertaken is the key priority for the Board. Weebo Gold Project The Company sees potential in further exploration at the Weebo Gold Project. From the limited work undertaken at this point there are some immediate areas that require further investigation and the Company may look at detailed geophysics to identify potential drilling targets in the northern portion of the project area. There is a general lack of drilling on the prospects and the Company will focus on developing a systematic strategy to further investigate the potential as soon as possible. OTHER PROJECTS Pacific Express Ni Project Tyranna did not undertake any work program on this project during the quarter. The project, located in northern NSW comprises a single licence (EL8733) for ~ 108 km. The area is prospective for lateritic Ni-Co mineralisation. Historical exploration has defined several target areas which require further investigation. CORPORATE Financial Snapshot The Company's net cashflow used in operations for the quarter was $117k. The operational expenses mainly comprised of Exploration and Evaluation expenditure ($13k) and Administration and corporate costs ($104k). The Company's cash position at the of the quarter is $2,029k. Level 3, 101 St Georges Terrace, PERTH WA 6000 | GPO Box 2704, PERTH WA 6001 T +61 6558 0886 | F +61 8 6316 3337 | E [email protected] | W tyrannaresources.com ASX TYX | ABN 79 124 990 405 Listing Rule 5.4.5 In item 6 of the attached Appendix 5B, payments to related parties of approximately $30k comprising of director remuneration ($20k), bookkeeping ($5k), and serviced office ($5k) were paid during the quarter. Authorised by the Board of Tyranna Resources Ltd Joe Graziano Director Appendix 1: Mining Tenements as at 31 March 2022 Western Australia Tenement Schedule Exploration License No Tenement Name Registered Holder Interest at Beginning of Qtr Interest at End of Qtr E37/1353 Weebo Tyranna Resources Ltd 100% 100% E37/1342 Weebo Tyranna Resources Ltd 100% 100% E37/1366 Knight Clean Power Resources Pty Ltd 100% 100% E29/1034 Dragon Clean Power Resources Pty Ltd 100% 100% New South Wales Tenement Schedule Exploration License No Tenement Name Registered Holder Interest at Beginning of Qtr Interest at End of Qtr EL8733 Pacific Express Clean Power Resources Pty Ltd 100% 100% Rule 5.5 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity TYRANNA RESOURCES LIMITED ABN 79 124 990 405 Quarter ended ("current quarter") 31 March 2022 Consolidated statement of cash flows Current quarter $A'000 Year to date (9 months) $A'000 1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for (a) exploration & evaluation (b) development (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 (13) - - - (104) - - - - - - (325) - - - (465) - - - - - - (117) (790) 2. 2.1 Cash flows from investing activities Payments to acquire or for: (a) entities - - (b) tenements - - (c) property, plant and equipment - - (d) exploration & evaluation - - (e) investments - - (f) other non-current assets - - Page 1 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Consolidated statement of cash flows Current quarter $A'000 Year to date (9 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 - - - - - - - - - 2,400 - - - - - - - 2,400 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 - - - - - - - - - - - - - - - - - - - - 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) 2,146 (117) - - 419 (790) 2,400 - Page 2 This is an excerpt of the original content. 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