Microsoft Word - Appendix_5B Jun 15.doc
Appendix 5B Mining exploration entity quarterly report
Appendix 5B
Mining exploration entity quarterly report
Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98
Name of entity
ADELAIDE RESOURCES LIMITED
Rule 5.3
ACN or ARBN Quarter ended ("current quarter")
ACN 061 503 375 30 JUNE 2015
Consolidated statement of cash flows
Cash flows related to operating activities
1.1 Receipts from product sales and related debtors
1.2 Payments for (a) exploration and evaluation
(b) development
(c) production
(d) administration
1.3 Dividends received
1.4 Interest and other items of a similar nature received
1.5 Interest and other costs of finance paid
1.6 Income taxes paid
1.7 Other - Research and Development refund
Net Operating Cash Flows
+ See chapter 19 for defined terms.
Appendix 5B Page 1
Appendix 5B
Mining exploration entity quarterly report
1.13 Total operating and investing cash flows (brought forward)
|
(552)
|
(1,834)
|
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, etc.
1.15 Proceeds from sale of forfeited shares
1.16 Proceeds from borrowings
1.17 Repayment of borrowings
1.18 Dividends paid
1.19 Other - capital raising expenses
Net financing cash flows
|
0
0
0
0
0 (3)
|
2,237
0
0
0
0 (168)
|
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, etc.
1.15 Proceeds from sale of forfeited shares
1.16 Proceeds from borrowings
1.17 Repayment of borrowings
1.18 Dividends paid
1.19 Other - capital raising expenses
Net financing cash flows
|
(3)
|
2,069
|
Net increase (decrease) in cash held
1.20 Cash at beginning of quarter/year to date
1.21 Exchange rate adjustments to item 1.20
1.22 Cash at end of quarter
|
(555)
2,166
|
235
1,376
|
Net increase (decrease) in cash held
1.20 Cash at beginning of quarter/year to date
1.21 Exchange rate adjustments to item 1.20
1.22 Cash at end of quarter
|
1,611
|
1,611
|
Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities
Current quarter
$A'000
1.23 Aggregate amount of payments to the parties included in item 1.2 169
1.24 Aggregate amount of loans to the parties included in item 1.10 0
1.25 Explanation necessary for an understanding of the transactions
Amount of $168,691 at 1.23 comprises salaries, director fees and consulting fees paid to directors or related corporations of directors of the Company during the quarter.
Non-cash financing and investing activities
2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
None
2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest
Expenditure during the quarter by joint venture parties on tenements in which the Company has an interest, including expenditure by co-venturers on projects not managed by Adelaide Resources Limited, amounted to
$165,000.
+ See chapter 19 for defined terms.
Appendix 5B Page 2
Financing facilities available
Add notes as necessary for an understanding of the position.
Appendix 5B Mining exploration entity quarterly report
3.1 Loan facilities
3.2 Credit standby arrangements
Estimated cash outflows for next quarter
4.1 Exploration and evaluation
4.2 Development
4.3 Production
4.2 Administration
Reconciliation of cash
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.
Changes in interests in mining tenements
6.1 Interests in mining tenements relinquished, reduced or lapsed
6.2 Interests in mining tenements acquired or increased
+ See chapter 19 for defined terms.
Appendix 5B Page 3
Appendix 5B
Mining exploration entity quarterly report
Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or conversion rights together with prices and dates.
7.12 Unsecured notes (totals only)
+ See chapter 19 for defined terms.
Appendix 5B Page 4
Compliance statement
Appendix 5B Mining exploration entity quarterly report
1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Law or other standards acceptable to ASX (see note 4).
2 This statement does give a true and fair view of the matters disclosed. Sign here:
Print name: Nick Harding Date: 13 July 2015
Notes
Company Secretary
1 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 wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items
6.1 and 6.2.
3 Issued and quoted securities. The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities.
4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive
Industries and AASB 1026: Statement of Cash Flows apply to this report.
5 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.
+ See chapter 19 for defined terms.
Appendix 5B Page 5
SCHEDULE OF TENEMENTS AS AT 30 JUNE 2015
Project
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Tenement
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Tenement Name
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Area km2
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Registered Holder or
Applicant
|
Nature of Company's Interest %
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South Australia
|
Eyre Peninsula
Project
|
EL 5381
EL 5419
EL 5120
EL 5615
EL 5092
EL 4968
EL 5064
EL 5350
EL 5521
|
Pinkawillinie Thurlga Corrobinnie Wudinna Hill Minnipa Waddikee Rocks
Verran
Acraman
Poolgara
|
186
332
1643
42
184
466
174
96
520
|
Peninsula Resources Ltd¹
Peninsula Resources Ltd Peninsula Resources Ltd Peninsula Resources Ltd Peninsula Resources Ltd Peninsula Resources Ltd
Peninsula Resources Ltd and
Olliver Geological Services
Peninsula Resources Ltd
Peninsula Resources Ltd
|
100%
100%
100%
100%
100%
100%
90% - option to acquire 100% from
Olliver Geological Services Pty Ltd
100%
100%
|
Moonta Copper
Gold Project
|
EL 4961
EL 4961
|
Moonta-Wallaroo
Moonta Porphyry
|
713
106
|
Peninsula Resources Ltd
Peninsula Resources Ltd
|
100%
90% - option to acquire 100% from
Minotaur Exploration Limited
|
Northern Territory
|
Rover Project
|
EL 27292
SEL 27372
|
Rover North
Rover SEL
|
39
248
|
Adelaide Exploration Pty Ltd²
Adelaide Exploration Pty Ltd
|
100% (Franco-Nevada retain 70%
buyback right)
100% (Franco-Nevada retain 70%
buyback right)
|
Queensland
|
Drummond Gold
Project
|
EPM 18090
EPM 25660
|
Glenroy
Gunthorpe
|
196
74
|
Adelaide Exploration Pty Ltd
Adelaide Exploration Pty Ltd
|
100%
100%
|
1 Peninsula Resources Limited (incorporated 18 May 2007) is a wholly-owned subsidiary of Adelaide Resources Limited
2 Adelaide Exploration Pty Ltd (incorporated 13 July 2001) is a wholly-owned subsidiary of Adelaide Resources Limited