|
ASX Listing Rules - Appendix 5B - Mining exploration entity quarterly report
Appendix 5B
Mining exploration entity quarterly report
Introduced 01/07/96. Origin: Appendix 8. Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10.
Rule 5.3
|
Name of entity
|
|
Latrobe Magnesium Limited
|
|
ABN
|
Quarter ended ("current quarter")
|
|
52 009 173 611
|
31 December 2015
|
Consolidated statement of cash flows
|
Cash flows related to operating activities
|
Current quarter
$A
|
Year to date (6 months)
$A
|
|
1.1
|
Receipts from product sales and related debtors
|
-
|
-
|
|
1.2
|
Payments for (a) exploration and evaluation
-
prospects
-
administration
|
(101,418)
- (267,728)
|
(179,216)
- (513,194)
|
|
1.3
|
Dividends received
|
-
|
-
|
|
1.4
|
Interest and other items of a similar nature received
|
3,560
|
6,074
|
|
1.5
|
Interest and other costs of finance paid
|
-
|
-
|
|
1.6
|
Income taxes paid
|
-
|
-
|
|
1.7
|
R&D Tax Offset
|
-
|
421,651
|
|
Net Operating Cash Flows
|
(365,586)
|
(264,685)
|
|
Cash flows related to investing activities
|
-
-
-
|
-
-
-
|
|
1.8
|
Payment for purchases of: (a) prospects
-
equity investments
-
other fixed assets
|
|
1.9
|
Proceeds from sale of: (a) prospects
-
equity investments
-
other fixed assets
|
-
-
-
|
-
-
-
|
|
1.10
|
Loans to other entities
|
-
|
-
|
|
1.11
|
Loans repaid by other entities
|
-
|
-
|
|
1.12
|
Other (intangible assets)
|
(3,696)
|
(6,520)
|
|
Net investing cash flows
|
(3,696)
|
(6,520)
|
|
1.13
|
Total operating and investing cash flows (carried forward)
|
(369,282)
|
(271,205)
|
|
1.13
|
Total operating and investing cash flows (brought forward)
|
(369,282)
|
(271,205)
|
|
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
|
386,957
|
386.957
|
|
1.17
|
Repayment of borrowings
|
(1,428)
|
(1,418)
|
|
1.18
|
Dividends paid
|
-
|
-
|
|
1.19
|
Promissory Note
|
-
|
-
|
|
Net financing cash flows
|
385,529
|
385,529
|
|
Net increase (decrease) in cash held
|
16,247
|
114,324
|
|
1.20
|
Cash at beginning of quarter/year to date
|
712,832
|
614,755
|
|
1.21
|
Exchange rate adjustments to item 1.20
|
-
|
-
|
|
1.22
|
Cash at end of quarter
|
729,079
|
729,079
|
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
|
|
1.23
|
Aggregate amount of payments to the parties included in item 1.2
|
95,391
|
|
1.24
|
Aggregate amount of loans to the parties included in item 1.10
|
Nil
|
1.25 Explanation necessary for an understanding of the transactions
Payment to Directors for services
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
|
|
N/A
|
|
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
|
|
N/A
|
Financing facilities available
Add notes as necessary for an understanding of the position.
|
Amount available
$A
|
Amount used
$A
|
|
Nil
|
Nil
|
|
Nil
|
Nil
|
|
48,124
|
Nil
|
|
37,234
|
Nil
|
-
Loan facilities
-
Proceeds from issue of shares
-
Promissory Note
-
Other Receivables
Estimated cash outflows for next quarter
|
$A
|
|
4.1
|
Exploration and evaluation
|
100,000
|
|
4.2
|
Development
|
-
|
|
4.3
|
Production
|
-
|
|
4.4
|
Administration
|
100,000
|
|
Total
|
200,000
|
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.
|
Current quarter
$A
|
Previous quarter
$A
|
|
5.1
|
Cash on hand and at bank
|
8,013
|
82,177
|
|
5.2
|
Deposits at call
|
721,066
|
630,655
|
|
5.3
|
Bank overdraft
|
-
|
-
|
|
5.4
|
Other (provide details)
|
-
|
-
|
|
Total: cash at end of quarter (item 1.22)
|
729,079
|
712,832
|
Changes in interests in mining tenements
|
Tenement reference
|
Nature of interest (note (2))
|
Interest at beginning of quarter
|
Interest at end of quarter
|
|
-
|
-
|
-
|
-
|
|
-
|
-
|
-
|
-
|
-
Interests in mining tenements relinquished, reduced or lapsed
-
Interests in mining tenements acquired or increased
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.
|
Total Number
|
Number quoted
|
Issue price per security (see note 3) (cents)
|
Amount paid up per security (see note 3) (cents)
|
|
7.1
|
Preference +securities
(description)
|
Nil
|
Nil
|
|
7.2
|
Changes during quarter
-
Increases through issues
-
Decreases through returns of capital, buy-backs, redemptions
|
Nil Nil
|
Nil Nil
|
|
7.3
|
+Ordinary securities
|
1,073,897,169
|
1,073,897,169
|
|
7.4
|
Changes during quarter
-
Increases through issues
-
Decreases through returns of capital, buy-backs
|
6,540,300
Nil
|
6,540,300
Nil
|
$0.01
|
$0.01
|
|
7.5
|
+Convertible debt securities (unlisted)
|
Up to 40,000,000
|
Nil
|
Conversion Price: $0.015
|
Convertible at any time prior to 16 Oct 2016
|
|
7.6
|
Changes during quarter
-
Increases through issues
-
Decreases through securities matured, converted
|
40,000,000
20,456,000
|
Nil Nil
|
Conversion Price: $0.015
Conversion Price: $0.10
|
Convertible at any time prior to 16 Oct 2016
Matured: 15 Oct 2016
|
|
7.7
|
Options (unlisted)
|
5,000,000
|
Nil
|
Exercise Price: $0.015
|
Exercisable at any time prior to 16 Dec 2016
|
|
7.8
|
Issued during quarter
|
5,000,000
|
Nil
|
Exercise Price: $0.015
|
Exercisable at any time prior to 16 Dec 2016
|
|
7.9
|
Exercised during quarter
|
Nil
|
Nil
|
|
7.10
|
Expired during quarter
|
Nil
|
Nil
|
|
7.11
|
Debentures (totals only)
|
Nil
|
Nil
|
|
7.12
|
Unsecured notes (totals only)
|
Nil
|
Nil
|
|
|