THUNDELARRA EXPLORATION LIMITED
INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED
31 MARCH 2016
THUNDELARRA LIMITED
ABN 74 950 465 654
INTERIM FINANCIAL STATEMENTS - 31 MARCH 2016
CONTENTS
Directors' Report…………………………………………………………………… 1
Declaration of Auditor's Independence 2
Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income……………….. 3 Condensed Consolidated Statement of Financial Position……………………………………………. 4
Condensed Consolidated Statement of Changes in Equity……………………………………… 5
Condensed Consolidated Statement of Cash Flows ……………………………………………………. 6
Condensed Notes to the Consolidated Financial Statements..........……………………………………….…7 Directors' Declaration………………………………………………………………… 15
Independent Auditor's Review Report……………………………………………… 16
THUNDELARRA LIMITED
ABN 74 950 465 654
CORPORATE DIRECTORY
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DIRECTORS
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Philip G Crabb (Chairman)
Frank DeMarte (Executive Director) Malcolm R J Randall (Non-Executive Director)
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CHIEF EXECUTIVE OFFICER
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Antony Lofthouse
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COMPANY SECRETARY
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Frank DeMarte
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REGISTERED OFFICE AND PRINCIPAL PLACE OF BUSINESS
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Suite 8
Level 1, 186 Hampden Road
NEDLANDS WA 6009
Telephone: (08) 9389 6927
Facsimile: (08) 9389 5593
Email: [email protected]
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SHARE REGISTRY
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Computershare Investor Services Pty Ltd Level 2, Reserve Bank Building
45 St Georges Terrace PERTH WA 6000
Telephone: 1300 850 505 (within Australia)
+61 3 9415 4000 (outside Australia)
Facsimile: +61 3 9473 2500
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AUDITORS
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Stantons International Audit and Consulting Pty Ltd Level 2, 1 Walker Avenue
WEST PERTH WA 6005
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STOCK EXCHANGE LISTING
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The Company's shares are listed and quoted on the Australian Securities Exchange Limited ("ASX").
Home Exchange: Perth, Western Australia
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ASX CODE
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THX
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WEB
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www.thundelarra.com
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DIRECTORS' REPORT
THUNDELARRA LIMITED
ABN 74 950 465 654
Your directors present financial statements for the half year ended 31 March 2016.
DIRECTORS
The names of the Company's directors in office during the half year and until the date of this statement are set out below. The directors were in office for the entire period unless otherwise stated.
Philip G Crabb (Chairman)
Frank DeMarte (Executive Director) Malcolm J Randall (Non-Executive Director)
RESULT
The consolidated entity incurred an after tax operating loss for the half year ended 31 March 2016 of
$3,247,940 (31 March 2015 loss $1,606,150).
PRINCIPAL ACTIVITY
The principal activities of the consolidated entity during the financial half year were in the exploration for mineral resources in Australia.
REVIEW OF OPERATIONS
During the period, the Company continued its exploration activities in Australia.
On the 18 December 2015, the Company completed the acquisition of Red Dragon Mines NL (and its wholly owned subsidiary Zeus Mining Pty Ltd). As a result of completion, the vendors of Red Dragon Mines NL were issued with 17,927,166 fully paid ordinary shares issued in the capital of the Company at a deemed issue price of $0.077 per share.
EVENTS SUBSEQUENT TO REPORTING DATE
Since the end of the half year, the Directors are not aware of any matter or circumstance not otherwise dealt with in the Directors' Report or the Financial Statements, that have significantly, or may significantly affect, the state of the affairs or the operations of the Group in the future financial periods, the financial effects of which have not been provided for in the 31 March 2016 Financial Report:
Share Purchase Plan 2016
On 10 May 2016 the Company will offer eligible shareholders the opportunity to participate in the Share Purchase Plan by subscribing for up to $15,000 worth of fully paid ordinary shares in the Company (Shares) at an issue price of $0.05 per Share without having to pay brokerage or other transaction costs (Offer). Pursuant to the Offer, the Company will issue a maximum of 101,194,700 Shares which would raise a maximum of $5,059,735 before costs.
AUDITOR'S INDEPENDENCE DECLARATION
The Auditor's Independence Declaration to the Directors of Thundelarra Limited is set out on page 2 and forms part of the Directors' Report for the period ended 31 March 2016.
This statement is signed in accordance with a resolution of the Directors:
Frank DeMarte Executive Director Perth,
7 June 2016