|
AURORA MINERALS LIMITED
ABN 46 106 304 787
INTERIM FINANCIAL REPORT
31 December 2015
AURORA MINERALS LIMITED AND CONTROLLED ENTITIES ABN 46 106 304 787
CORPORATE DIRECTORY
DIRECTORS AUDITOR
Mr Phillip Jackson Non-executive Chairman RSM Australia Partners Mr Martin Pyle Managing Director 8 St Georges Terrace Mr Peter Cordin Non-executive Director PERTH WA 6000
Mr Tim Markwell Non-executive Director
COMPANY SECRETYARY SHARE REGISTRY
Mr Eric Moore
Computershare Investor Services
REGISTERED OFFICE Level 11, 172 St Georges Terrace
Suite 2, Level 2 PERTH WA 6000
20 Kings Park Road Telephone: +61 8 9323 2000
WEST PERTH WA 6005 Fax: +61 8 9323 2033
Telephone: +61 8 6143 1840
Fax: +61 8 9321 4692
Web Site: www.auroraminerals.com
POSTAL ADDRESS ASX CODE
PO Box 644 ARM
WEST PERTH WA 6872
CONTENTS
DIRECTORS' REPORT 3
STATEMENT OF COMPREHENSIVE INCOME 7
STATEMENT OF FINANCIAL POSITION 8
STATEMENT OF CHANGES IN EQUITY 9
STATEMENT OF CASH FLOWS 10
NOTES TO THE FINANCIAL STATEMENTS 11
DIRECTORS' DECLARATION 16
INDEPENDENT AUDITOR'S REPORT 17
AUDITOR'S INDEPENDENCE DECLARATION 19
AURORA MINERALS LIMITED AND CONTROLLED ENTITIES ABN 46 106 304 787
DIRECTORS' REPORT
DIRECTORS' REPORT
Your directors submit their report for the half-year ended 31 December 2015.
DIRECTORS
The names of the Directors of Aurora during the whole of the financial period and up to the date of this report are: Mr Phillip Jackson (Chairman)
Mr Martin Pyle (Managing Director) Mr Peter Cordin (Director)
Mr Tim Markwell (Director)
PRINCIPAL ACTIVITIES
The principal activities of the group are mineral exploration and assessing, and if appropriate, acquiring either directly or indirectly exploration and mine development projects worldwide.
OPERATING RESULTS
The operating loss after tax after minority interests for the half-year ended 31 December 2015 was $982,130 (2014:
$825,558). A total of $468,797 (2014: $488,503) related to exploration expenditure written off.
DIVIDENDS
No dividends were paid during the period and the directors do not recommend the payment of a dividend.
REVIEW OF OPERATIONS
Aurora Minerals Limited and its subsidiary and associate companies conduct exploration across three continents with a focus on South Korea (Peninsula Mines Limited), West Africa (Predictive Discovery Limited and Golden Rim Resources Limited) and Western Australia (Aurora Minerals Limited).
Corporate
During the half year, Aurora continued to focus on business development, including supporting the expansion of the portfolio of South Korean exploration projects operated by Peninsula Mines Limited (Peninsula).
Aurora has continued to provide working capital to Peninsula. Peninsula undertook a capital raising of $305,000 to third parties and in addition part of Aurora's loan was converted to equity (28,300,000 shares and 14,150,000 0.5c options were issued to Aurora). In March 2016 Peninsula announced that it had received binding subscription agreements for a placement of shares to raise up to $1.58 million. Aurora and Peninsula also announced an
Agreement that Aurora would convert the remainder of its approximately $500,000 loan to equity subject to Peninsula shareholder.A1 Post placement and loan conversion Aurora's equity holding in Peninsula is estimated to be approximately 32.2%.
Aurora retained a 43.10% interest in Predictive Discovery after contributing its pro-rata share to that company's Rights Issue in December 2015, which was fully subscribed.P1,P2
Peninsula Mines Limited (Aurora 35.8%)
The Daehwa Project is located about 100 km southeast of Seoul in Chungbuk Province in Central South Korea. The Daehwa project consists of two former Mo-W mines, Daehwa and Donsan and is comprised of three Mining Rights over Tenements 76166, 77226 and 77227, with granted tenure until 2027-2028 subject to meeting performance conditions.
AURORA MINERALS LIMITED AND CONTROLLED ENTITIES ABN 46 106 304 787
DI REC T O RS' REPORT
A single diamond core was undertaken with the support of Korea Resources Corporation (KORES). The hole failed to reach the targeted footwall molybdenum lodes but did intersect a number of hangingwall molybdenum, cassiterite and tungsten bearing veinsD1.
With the support of Aurora Minerals, Peninsula continues to pursue business development in South Korea, a significantly underrated jurisdiction for metals and mining. Peninsula secured tenure applications over a large number of tenements prospective for both graphite and lithium mineralisation. During 2016, the Company plans to undertake the following works subject to the Company having sufficient funding capacity:
-
Complete reconnaissance mapping and rock chip sampling across the new tenement applications.
-
Preliminary metallurgical testwork of lithium and graphite samples to determine suitable for Lithium ion battery grade feedstock.
-
Select suitable targets for diamond drilling
-
Rationalise the new tenement portfolio with the aim of completing Mineral Deposit Surveys and securing long term tenure over the most prospective ground by midyear.
Predictive Discovery Limited (Aurora 43.10%)
During the half year to December 2015, Predictive focussed on a new JV agreement with Ivorian company, XMI SARL, securing additional gold tenure in northern Côte D'Ivoire. The Bobosso - Wendene tenements cover a large, underexplored, NNE-trending gold system, with historical RC and diamond drilling results including 5m at 20.6g/t Au from 48m, indicative of significant, near-surface gold potential. Predictive will fund and manage the exploration,
starting with geological mapping and re-logging drill holes to identify new anomalies and drill targets. This work will commence in the second quarter of 2016. P3,P4
Predictive's ongoing joint venture agreement with Toro Gold Limited, a UK based company, enabled Toro to earn 51% interest in Predictive's Ivoirian subsidiary, Predictive Discovery Cote D'Ivoire SARL, by spending US$1 million on exploration. Toro have progressed exploration over the four tenements by following up high grade rock chip samples (up to 98g/t Au at Kokoumbo Permit) with systematic soil sampling, which has defined a number of gold-in-soil anomalies (each over 3km long). Drilling is planned to commence in the first quarter of 2016.P5,P6,P7,P8
Predictive's work in the Samira Hill Greenstone Belt in Eastern Burkina Faso has enabled the definition of an Exploration Target (9.4 to 10.4 million tonnes averaging 1.5 to 1.7g/t Au) to supplement the existing Bongou Gold Resource. The prospects that make up the Exploration Target are open at depth and along strike and all located within 10km of Bongou, with additional prospects in the vicinity providing potential to expand this Target.
Golden Rim Limited (Aurora 13.4%)
Golden Rim has focussed on their Korongou Project located in the Samira Hill Greenstone Belt of eastern Burkina Faso, adjacent to Predictive's ground. Golden Rim is in the process of earning a 90% interest from a local Burkina operator which currently mines on a small scale within the permitG2. Golden Rim has defined an Exploration Target (non-JORC) at the Korongou Project of 7.95 to 9.72 million tonnes averaging between approximately 1.8 to 2.2 g/t Au and
containing approximately 500,000 to 611,000 ounces of gold.
In March 2016 Golden Rim announced it had restructured the sale of its Balogo gold project bringing forward sale proceed of US$3M now due for payment by the end of March. In addition, MNG Gold Burkina a subsidiary of Turkish Group MNG which is acquiring 100% of Balogo, has committed to a joint venture on the Korongou Project to earn 70% through the expenditure of US$2.5M.
Aurora Minerals' Western Australian Projects:
Camel Hills Joint Venture (Peninsula 49.75% / Aurora Minerals Limited 50.25%)
Camel Hills is located at the north-western margin of the Archaean Yilgarn Craton where it meets the Proterozoic Errabiddy Shear Zone in the southern Gascoyne Region of Western Australia. Peninsula has a 49.75% participating interest in the JV from Aurora Minerals Limited (50.25%).
AURORA MINERALS LIMITED AND CONTROLLED ENTITIES ABN 46 106 304 787
DI REC T O RS' REPORT
Activities for the period consisted of ongoing data review and analysis. The 2012 diamond drilling at Innouendy copper-nickel prospect was assayed for mineralisation associated with ultramafic volcanics. The results determined a high grade magnetite iron ore up to 46% Fe, with titanium up to 0.9% between 178m and 201m downhole. Relogging this section of the drill core enabled the interpretation of extremely high grade metamorphism which appears to have remobilised sulphide mineralisation, as determined from the evident structures. Drilling at this first-order bullseye electro-magnetic and magnetic anomaly has not been sufficient to determine where the remobilised mineralisation might have accumulated. However, another EM anomaly is located to the SW of the primary Innouendy target and
awaits investigation by drilling.A1
Glenburgh Project (ARM 100% owned)
The Glenburgh Project is located in the southern Gascoyne Province of Central Western Australia.
The Project focuses on the convergence zone of the major through-going structures, namely the Deadman Fault and Ti Tree Shear, both associated with precious and base metals mineralisation. No field activities were undertaken during the half year.
Summary List of all previous ASX releases referenced in this report. Aurora Minerals Limited
A1. PSM: Placement to Raise $1.58 M For Lithium and Graphite Targets, 10 March 2016
Peninsula Mines Limited
D1. Quarterly Activities Report Ending 31 December 2015, 11 January 2016 D2. Applications over Historical High Grade Graphite Mine, 11 February 2016 D3. Lithium Prospect Enhanced by Magnetic High, 1 February 2016
Predictive Discovery Limited
P1. Rights Issue Fully Subscribed, 14 December 2015
P2. Notice of Change of Interests of Substantial Shareholder (ARM), 14 December 2015
P3. Predictive Enters Agreement on Major Gold Mineralised System in Côte D'Ivoire, 28 October 2015 P4. Permit Granted in Côte D'Ivoire over Large Gold Mineralised System, 16 December 2015
P5. High Grade Gold Results From Côte D'Ivoire JV, 15 September 2015
P6. Infill Gold-In-Soil Results Strengthen Côte D'Ivoire Targets, 23 November 2015
P7. Excellent New Gold Exploration Results from Three Cote D'Ivoire Permits, 10 November 2015 P8. New 6km Long Gold Soil Anomaly in Northern Cote D'Ivoire, 20 November 2015
P9. Exploration Target Near Bongou, 3 September 2015
Golden Rim Resources
G1. Golden Rim Resources Quarterly Activities Report for the Period ended 31 December 2015, 29 January 2016
Competent Person Statement
The information in this report that relates to the exploration results and Mineral Resources of Aurora, Peninsula, Golden Rim and Predictive is summarised from publicly available reports as released to the ASX of the respective companies. The results are duly referenced in the text of this report and the source documents are listed in the Summary.
All the information in this half yearly report based on information compiled prior to 1 December 2013 was produced under the reporting directions as set out in the 2004 ed. JORC code. All subsequent releases have been compiled under the guidelines for reporting as set down under the 2012ed. JORC code. The information summarised herein has not changed materially from the greater detail that was originally disclosed in earlier public releases and which has been duly referenced in this report. The Company confirms that it is not aware of any new information or data that materially affects the information included in this announcement.
AURORA MINERALS LIMITED AND CONTROLLED ENTITIES ABN 46 106 304 787
DI REC T O RS' REPORT
AUDITOR'S INDEPENDENCE DECLARATION
A copy of the lead auditor's independence declaration as required by Section 307c of the Corporations Act 2001 is included within the Financial Report.
Signed in accordance with a resolution of Directors:
DIRECTOR
Perth, 15 March 2016
AURORA MINERALS LIMITED AND CONTROLLED ENTITIES ABN 46 106 304 787
STATEMENT OF COMPREHENSIVE INCOME
FOR THE HALF-YEAR ENDED 31 DECEMBER 2015
Consolidated
|
Note
|
31 December
2015
$
|
31 December
2014
$
|
Revenue
|
2(i)
|
57,143
|
276,757
|
Administration expenses
|
2(ii)
|
(1,055,051)
|
(978,677)
|
Exploration and evaluation expenditure
|
(468,797)
|
(488,503)
|
Loss before tax
|
(1,466,705)
|
(1,190,423)
|
Income tax expense
|
-
|
-
|
Loss for the period from continuing operations
|
(1,466,705)
|
(1,190,423)
|
Other comprehensive income/(expenses)
|
Item that may be reclassified subsequently to operating
result
|
Exchange differences on translating foreign controlled
entities
|
66,758
|
6,284
|
Change in fair value of investment
|
(580,050)
|
(117,562)
|
Income tax relating to components of other comprehensive
income
|
-
|
-
|
Total comprehensive loss for the period
|
(1,979,997)
|
(1,301,701)
|
Loss attributable to:
|
Non-controlling interest
|
(484,575)
|
(364,865)
|
Owners of the parent entity
|
(982,130)
|
(825,558)
|
(1,466,705)
|
(1,190,423)
|
Total comprehensive loss for the period is attributable to:
|
Non-controlling interest
|
(446,681)
|
(361,043)
|
Owners of the parent entity
|
(1,533,316)
|
(940,658)
|
(1,979,997)
|
(1,301,701)
|
Basic loss per share (cents per share)
|
(0.84)
|
(1.03)
|
Diluted loss per share (cents per share)
|
(0.84)
|
(1.03)
|
The accompanying notes form part of these financial statements.
AURORA MINERALS LIMITED AND CONTROLLED ENTITIES ABN 46 106 304 787
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2015
Consolidated
|
Note
|
31 December
2015
$
|
30 June
2015
$
|
Current Assets
|
Cash and cash equivalents
|
5,160,869
|
5,547,036
|
Trade and other receivables
|
162,190
|
261,585
|
Other current assets
|
23,343
|
26,443
|
Total current assets
|
5,346,402
|
5,835,064
|
Non-Current Assets
|
Investments
|
3
|
386,700
|
966,750
|
Plant and equipment
|
173,925
|
215,997
|
Exploration and evaluation expenditure
|
-
|
-
|
Total non-current assets
|
560,625
|
1,182,747
|
Total assets
|
5,907,027
|
7,017,811
|
Current Liabilities
|
Trade and other payables
|
340,849
|
526,446
|
Total current liabilities
|
340,849
|
526,446
|
Total liabilities
|
340,849
|
526,446
|
Net Assets
|
5,566,178
|
6,491,365
|
Equity
|
Issued capital
|
4
|
37,317,961
|
37,317,961
|
Reserves
|
11,865,168
|
12,113,356
|
Accumulated losses
|
(43,205,901)
|
(42,223,771)
|
Parent entity interest
|
6,977,228
|
7,207,546
|
Non-controlling interest
|
(411,050)
|
(716,181)
|
Total Equity
|
5,566,178
|
6,491,365
|
The accompanying notes form part of these financial statements.
AURORA MINERALS LIMITED AND CONTROLLED ENTITIES ABN 46 106 304 787
STATEMENT OF CHANGES IN EQUITY
FOR THE HALF-YEAR ENDED 31 DECEMBER 2015
Issued Capital
|
Change in ownership interest
|
Accumulated Losses
|
Revaluation Reserve
|
Foreign Currency Reserve
|
Share- based Payments
|
Non- controlling Interests
|
Total
|
CONSOLIDATED
|
$
|
$
|
$
|
$
|
$
|
$
|
$
|
$
|
At 1 July 2014
|
36,436,047
|
5,507,064
|
(39,260,631)
|
-
|
1,698
|
6,465,476
|
284,478
|
9,434,132
|
Loss for the year
|
-
|
-
|
(825,558)
|
-
|
-
|
-
|
(364,865)
|
(1,190,423)
|
Other comprehensive income
|
-
|
-
|
-
|
(117,562)
|
2,462
|
-
|
3,822
|
(111,278)
|
Total comprehensive loss for the year
|
-
|
-
|
(825,558)
|
(117,562)
|
2,462
|
-
|
(361,043)
|
(1,301,701)
|
Transactions with owners in their capacity as owners:
|
Share based payments
|
-
|
47,610
|
-
|
-
|
-
|
94,174
|
73,906
|
215,690
|
Issue of share capital
|
883,527
|
-
|
-
|
-
|
-
|
-
|
-
|
883,527
|
Expense of share issue
|
-
|
(1,277)
|
-
|
-
|
-
|
-
|
(1,983)
|
(3,260)
|
Change due to acquisition of subsidiary
|
-
|
-
|
-
|
-
|
-
|
-
|
2,826,287
|
2,826,287
|
Change due to issue of shares by subsidiary
|
-
|
(11,487)
|
-
|
-
|
-
|
-
|
11,487
|
-
|
At 31 December 2014
|
37,319,574
|
5,541,910
|
(40,086,189)
|
(117,562)
|
4,160
|
6,559,650
|
2,833,132
|
12,054,675
|
At 1 July 2015
|
37,317,961
|
5,570,216
|
(42,223,771)
|
-
|
(16,509)
|
6,559,650
|
(716,182)
|
6,491,365
|
Loss for the year
|
-
|
-
|
(982,130)
|
-
|
-
|
-
|
(484,575)
|
(1,466,705)
|
Other comprehensive income
|
-
|
-
|
-
|
(580,050)
|
28,863
|
-
|
37,895
|
(513,292)
|
Total comprehensive loss for the year
|
-
|
-
|
(982,130)
|
(580,050)
|
28,863
|
-
|
(446,680)
|
(1,979,997)
|
Transactions with owners in their capacity as owners:
|
Share based payments
|
-
|
-
|
-
|
-
|
-
|
37,583
|
67,514
|
105,097
|
Issue of share capital
|
-
|
742,273
|
-
|
-
|
-
|
-
|
1,056,096
|
1,798,369
|
Expense of share issue
|
-
|
(58,060)
|
-
|
-
|
-
|
-
|
(77,558)
|
(135,618)
|
Change due to issue of shares by subsidiary
|
-
|
(418,798)
|
-
|
-
|
-
|
-
|
(294,240)
|
(713,038)
|
At 31 December 2015
|
37,317,961
|
5,835,631
|
(43,205,901)
|
(580,050)
|
12,354
|
6,597,233
|
(411,050)
|
5,566,178
|
The accompanying notes form part of these financial statements.
AURORA MINERALS LIMITED INTERIM FINANCIAL REPORT Page 9
AURORA MINERALS LIMITED AND CONTROLLED ENTITIES ABN 46 106 304 787
STATEMENT OF CASH FLOWS
FOR THE HALF-YEAR ENDED 31 DECEMBER
Consolidated
|
31 December
2015
$
|
31 December
2014
$
|
Cash flows from operating activities
|
Other payments to suppliers and employees
|
(828,620)
|
(743,198)
|
Payments for exploration expenditure
|
(614,570)
|
(525,495)
|
Receipts from security deposits and bonds
|
-
|
6,060
|
Other revenue
|
10,267
|
167,823
|
Interest received
|
56,416
|
101,712
|
Net cash outflow from operating activities
|
(1,376,507)
|
(993,098)
|
Cash flows from investing activities
|
Proceeds from sale of plant and equipment
|
6,637
|
59,785
|
Payments for purchases of plant and equipment
|
-
|
(4,716
|
Payments for purchase of shares
|
-
|
(1,546,539)
|
Cash acquired on acquisition of subsidiary
|
-
|
1,514,494
|
Net cash inflow / (outflow) from investing activities
|
6,637
|
23,024
|
Cash flows from financing activities
|
Proceeds from issue of shares
|
1,035,332
|
215,335
|
Share issue transaction costs
|
(85,928)
|
-
|
Share buyback transaction costs
|
-
|
(1,983)
|
Net cash inflow from financing activities
|
949,404
|
(213,352
|
Net decrease in cash held
|
(420,466)
|
(756,722)
|
Cash at the beginning of the financial year
|
5,547,036
|
6,278,945
|
Effects of exchange rate changes on balances held in foreign currency
|
34,299
|
-
|
Cash at the end of the financial year
|
5,160,869
|
5,522,223
|
The accompanying notes form part of these financial statements.
AURORA MINERALS LIMITED AND CONTROLLED ENTITIES ABN 46 106 304 787
NOTES TO THE FINANCIAL STATEMENTS
FOR THE HALF-YEAR ENDED 31 DECEMBER 2015
NOTES TO THE FINANCIAL STATEMENTS
NOTE 1: BASIS OF PREPARATION
These general purpose interim financial statements for the half-year reporting period ended 31 December 2015 have been prepared in accordance with Australian Accounting Standard AASB 134: Interim Financial Reporting and the Corporations Act 2001. The consolidated entity is a for-profit entity for financial reporting purposes under Australian Accounting Standards.
This interim financial report does not include full disclosures of the type normally included in an annual report. It is recommended that this financial report to be read in conjunction with the annual financial report for the year ended 30 June 2015 and any public announcements made by Aurora Minerals Limited during the half-year reporting period in accordance with the continuous disclosure requirements of the Corporations Act 2001.
The accounting policies have been consistently applied with those of the previous financial year and corresponding interim reporting period, except in relation to the matters disclosed below.
New and Revised Accounting Standards
The consolidated entity has adopted all of the new and revised Accounting Standards and Interpretations issued by the Australian Accounting Standards Board that are mandatory for the current reporting period. The adoption of these new and revised Accounting Standards and Interpretations has not resulted in a significant or material change to the consolidated entity's accounting policies.
Any new, revised or amending Accounting Standards or Interpretations that are not yet mandatory have not been early adopted by the consolidated entity.
Consolidated
|
31 December
2015
$
|
31 December
2014
$
|
NOTE 2 - REVENUE AND EXPENSES
|
(i) Revenue
|
Interest received
|
56,575
|
164,052
|
Underwriting fee
|
-
|
100,000
|
Gain on sale of assets
|
-
|
6,829
|
Other revenue
|
568
|
5,876
|
57,143
|
276,757
|
(ii) Administration expenditure
|
Depreciation
|
52,639
|
14,335
|
Less: capitalised to exploration
|
(48,071)
|
(9,439)
|
4,568
|
4,896
|
Consulting fees
|
347,290
|
284,008
|
Salaries and wages (administration)
|
158,961
|
71,615
|
ASX, ASIC and related fees
|
49,822
|
47,991
|
Equity based compensation(i)
|
105,097
|
253,655
|
Rent and outgoings
|
50,980
|
65,867
|
Insurance and legal
|
17,152
|
59,524
|
Foreign exchange (gain)/loss
|
27,501
|
-
|
Other expenses
|
293,680
|
191,121
|
1,055,051
|
978,677
|
(1) In relation to the prior comparative period, share based compensation includes $37,965 in shares in controlled entity Peninsula Mines Limited which were issued as compensation for fees to Directors and Consultants foregone for the period 1 October to 31 December 2014. 4,788,406 shares were issued subsequent to the period end.
AURORA MINERALS LIMITED INTERIM FINANCIAL REPORT Page 11
AURORA MINERALS LIMITED AND CONTROLLED ENTITIES ABN 46 106 304 787
NOTES TO THE FINANCIAL STATEMENTS
FOR THE HALF-YEAR ENDED 31 DECEMBER 2015
NOTE 3 - INVESTMENTS
|
Consolidated
|
31 December
2015
$
|
30 June
2015
$
|
Shares in Golden Rim Resources Ltd at balance date (1)
|
386,700
|
966,750
|
(1) Shares are valued using a 20 day Volume Weighted Average Price (VWAP, based on closing ASX share prices centred on 31 December 2015. The directors have not permanently impaired the change in value of the investment in Golden Rim in the half-year to 31 December 2015, as at the approximate date of release of this report, the closing share price of Golden Rim is within the range of $0.005 to $0.006 per share, valuing the investment at approximately $1m.
|
NOTE 4 - EQUITY SECURITIES ISSUED
`
|
Consolidated
|
31 December
2015
$
|
30 June
2015
$
|
116,808,609 (June 2015: 116,808,609) fully paid ordinary shares
|
37,317,961
|
36,436,047
|
-
(i) Details of Equity - the Company
Shares
|
Listed Options
|
Unlisted Options
|
At 1 July 2014
|
101,833,573
|
-
|
20,300,000
|
Shares issued
|
14,975,036
|
-
|
-
|
Issue of options
|
-
|
-
|
5,750,000
|
Options expired/cancelled
|
-
|
-
|
(11,300,000)
|
At 31 December 2014
|
116,808,609
|
-
|
14,750,000
|
At 1 July 2015
|
116,808,609
|
-
|
14,750,000
|
Shares issued
|
-
|
-
|
-
|
Issue of options
|
-
|
-
|
-
|
Options expired/cancelled
|
-
|
-
|
(9,000,000)
|
At 31 December 2015
|
116,808,609
|
-
|
5,750,000
|
-
(ii) Details of Movements in Equity - The Company
Date
|
Action
|
Type
|
Quantity
|
Issued To
|
Ex/Issue Price
|
Expiry Date
|
15 Nov 15
|
Expiry
|
Options - unlisted
|
1,500,000
|
Directors
|
$1.005
|
15 Nov 2015
|
22 Nov 15
|
Expiry
|
Options - unlisted
|
7,500,000
|
Directors
|
$0.500
|
22 Nov 2015
|
-
(i) Details of Equity - Peninsula Mines Limited
Shares
|
Listed Options
|
Unlisted Options
|
At 1 July 2014
|
191,820,923
|
-
|
56,850,000
|
Issue of shares in lieu of consideration
|
10,095,470
|
-
|
-
|
Options cancelled/expired
|
-
|
-
|
(15,150,000)
|
At 31 December 2014
|
201,916,393
|
-
|
41,700,000
|
At 1 July 2015
|
210,932,915
|
-
|
41,700,000
|
Issue of shares
|
61,140,000
|
-
|
-
|
Issue of shares as partial loan repayment
|
28,300,000
|
-
|
-
|
Issue of options
|
-
|
-
|
60,996,000
|
Optionscancelled/expired
|
-
|
-
|
(15,600,000)
|
At 31 December 2015
|
300,372,915
|
-
|
87,096,000
|
|
|