Appendix 5B - Mining exploration entity and oil and gas exploration entity quarterly report
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, 01/05/2013
Name of entity
|
Mantle Mining Corporation Limited
|
ABN
|
Quarter ended ('current quarter')
|
70 107 180 441
|
30 September 2015
|
Consolidated statement of cash flows
Cash flows related to operating activities
|
Current quarter
$A'000
|
Year to date (3 months)
$A'000
|
1.1
|
Receipts from product sales and related debtors
|
-
|
-
|
1.2
|
Payments for (a) exploration & evaluation
-
development
-
production
-
administration
|
(388)
-
- (215)
|
(388)
-
- (215)
|
1.3
|
Dividends received
|
-
|
-
|
1.4
|
Interest and other items of a similar nature
received
|
3
|
3
|
1.5
|
Interest and other costs of finance paid
|
-
|
-
|
1.6
|
Income taxes paid
|
-
|
-
|
1.7
|
Other (R&D Refund)
|
-
|
-
|
Net Operating Cash Flows
|
(600)
|
(600)
|
Cash flows related to investing activities
|
(100)
-
-
|
(100)
-
-
|
1.8
|
Payment for purchases of:
-
prospects
-
equity investments
-
other fixed assets
|
1.9
|
Proceeds from sale of:
-
prospects
-
equity investments
-
other fixed assets
|
30
-
-
|
30
-
-
|
1.10
|
Loans to other entities
|
-
|
-
|
1.11
|
Loans repaid by other entities
|
-
|
-
|
1.12
|
Other (provide details if material)
|
-
|
-
|
Net investing cash flows
|
(70)
|
(70)
|
1.13
|
Total operating and investing cash flows (carried forward)
|
(670)
|
(670)
|
1.13
|
Total operating and investing cash flows (brought forward)
|
(670)
|
(670)
|
Cash flows related to financing activities
|
316
|
316
|
1.14
|
Proceeds from issues of shares, options, etc.
|
1.15
|
Proceeds from sale of forfeited shares
|
-
|
-
|
1.16
|
Proceeds from borrowings
|
233
|
233
|
1.17
|
Repayment of borrowings
|
-
|
-
|
1.18
|
Dividends paid
|
-
|
-
|
1.19
|
Other (Capital raising costs)
|
(11)
|
(11)
|
Net financing cash flows
|
538
|
538
|
Net increase (decrease) in cash held
|
(132)
|
(132)
|
1.20
|
Cash at beginning of quarter/year to date
|
541
|
541
|
1.21
|
Exchange rate adjustments to item 1.20
|
-
|
-
|
1.22
|
Cash at end of quarter
|
409
|
409
|
Payments to directors of the entity, associates of the directors, 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
|
95
|
1.24
|
Aggregate amount of loans to the parties included in item 1.10
|
-
|
1.25 Explanation necessary for an understanding of the transactions
The amounts shown at item 1.23 relate to:
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
|
During the quarter, the Company issued 5,651,232 fully paid ordinary shares to directors, employees and contractors in lieu of $66,447 of accrued remuneration outstanding at 30 June 2015. The shares were issued pursuant to the Company's approved Directors and Employees Fee Plan.
|
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
|
During the quarter, the Company received $30,000 from Avanti Mining as consideration for a 10% interest in the Company's Norton Gold Project.
|
Financing facilities available
Add notes as necessary for an understanding of the position.
Amount available
$A'000
|
Amount used
$A'000
|
3.1
|
Loan facilities
|
-
|
-
|
3.2
|
Credit standby arrangements
|
-
|
-
|
Estimated cash outflows for next quarter
$A'000
|
4.1
|
Exploration and evaluation
|
200
|
4.2
|
Development
|
4.3
|
Production
|
4.4
|
Administration
|
150
|
Total
|
350*
|
*Excludes payments to be made under the proposed acquisition of Morning Star Gold NL which remains subject to shareholder approval as at the date of this announcement.
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'000
|
Previous quarter
$A'000
|
5.1
|
Cash on hand and at bank
|
294
|
426
|
5.2
|
Deposits at call
|
115
|
115
|
5.3
|
Bank overdraft
|
-
|
-
|
5.4
|
Other (provide details)
|
-
|
-
|
Total: cash at end of quarter (item 1.22)
|
409
|
541
|
Changes in interests in mining tenements and petroleum tenements
Tenement reference and location
|
Nature of interest (note (2))
|
Interest at beginning of quarter
|
Interest at end of quarter
|
EL5323 (VIC)
|
50% Joint Venture Interest relinquished during the quarter
|
50%
|
0%
|
|
-
Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed
-
Interests in mining tenements and petroleum 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)
|
7.2
|
Changes during quarter
-
Increases through issues
-
Decreases through returns of capital, buy- backs, redemptions
|
7.3
|
+Ordinary
securities
|
518,271,956
|
518,271,956
|
7.4
|
Changes during quarter
-
Increases through issues
-
Decreases through returns of capital, buy- backs
|
20,833,333
5,651,232
|
20,833,333
5,651,232
|
0.012 cents 0.0118 cents
|
0.012 cents 0.0118 cents
|
7.5
|
+Convertible
debt securities (description)
|