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, 01/05/13, 01/09/16
Name of entity
Sumatra Copper & Gold Plc.
ABN Quarter ended ("current quarter")
30 September 2016
14 136 694 267
|
Consolidated statement of cash flows
|
Current quarter
$US'000
|
Year to date (9 months)
$US'000
|
|
1. Cash flows from operating activities
|
8,576
|
23,623
|
|
1.1 Receipts from customers
|
|
1.2 Payments for
|
|
(a) exploration & evaluation
|
(92)
|
(327)
|
|
(b) development
|
-
|
-
|
|
(c) production
|
(5,154)
|
(16,037)
|
|
(d) staff costs
|
(1,741)
|
(4,774)
|
|
(e) administration and corporate costs
|
(329)
|
(2,630)
|
|
1.3 Dividends received (see note 3)
|
-
|
-
|
|
1.4 Interest received
|
1
|
5
|
|
1.5 Interest and other costs of finance paid
|
(1,239)
|
(3,214)
|
|
1.6 Income taxes paid
|
-
|
-
|
|
1.7 Research and development refunds
|
-
|
-
|
|
1.8 Other (provide details if material)
|
-
|
-
|
|
1.9 Net cash from / (used in) operating
|
22
|
(3,354)
|
|
activities
|
-
Cash flows from investing activities
-
Payments to acquire:
-
property, plant and equipment
(1,283) (3,460)
-
tenements (see item 10) - -
-
investments - -
-
other non-current assets - -
|
Consolidated statement of cash flows
|
Current quarter
$US'000
|
Year to date (9 months)
$US'000
|
|
2.2
|
Proceeds from the disposal of:
|
-
|
-
|
|
(a) property, plant and equipment
|
|
(b) tenements (see item 10)
|
-
|
-
|
|
(c) investments
|
-
|
-
|
|
(d) other non-current assets
|
-
|
-
|
|
2.3
|
Cash flows from loans to other entities
|
-
|
-
|
|
2.4
|
Dividends received (see note 3)
|
-
|
-
|
|
2.5
|
Other (provide details if material)
|
-
|
-
|
|
2.6
|
Net cash from / (used in) investing
|
(1,283)
|
(3,460)
|
|
activities
|
-
Cash flows from financing activities
-
Proceeds from issues of shares
-
Proceeds from issue of convertible notes
-
Proceeds from exercise of share options
-
Transaction costs related to issues of shares, convertible notes or options
-
Proceeds from borrowings
-
Repayment of borrowings
-
Transaction costs related to loans and borrowings
-
Dividends paid
-
Other (provide details if material)
3.10 Net cash from / (used in) financing activities
|
-
-
-
-
1,000
(329)
-
-
-
|
- 4,500
-
-
2,711
(879)
(60)
-
-
|
|
671
|
6,272
|
-
Net increase / (decrease) in cash and cash equivalents for the period
-
Cash and cash equivalents at beginning of period
-
Net cash from / (used in) operating activities (item 1.9 above)
-
Net cash from / (used in) investing activities (item 2.6 above)
-
Net cash from / (used in) financing activities (item 3.10 above)
-
Effect of movement in exchange rates on cash held
4.6 Cash and cash equivalents at end of period
|
939
22
(1,283)
671
-
|
890
(3,354)
(3,460)
6,272
1
|
|
349
|
349
|
|
5. Reconciliation of cash and cash equivalents
at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts
|
Current quarter
$US'000
|
Previous quarter
$US'000
|
|
5.1
|
Bank balances
|
349
|
939
|
|
5.2
|
Call deposits
|
-
|
-
|
|
5.3
|
Bank overdrafts
|
-
|
-
|
|
5.4
|
Other (provide details)
|
-
|
-
|
|
5.5
|
Cash and cash equivalents at end of
|
349
|
939
|
|
quarter (should equal item 4.6 above)
|
|
Current quarter
$US'000
|
|
55
|
|
-
|
-
Payments to directors of the entity and their associates
-
Aggregate amount of payments to these parties included in item 1.2
-
Aggregate amount of cash flow from loans to these parties included in item 2.3
-
Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2
|
Current quarter
$US'000
|
|
-
|
|
-
|
-
Payments to related entities of the entity and their associates
-
Aggregate amount of payments to these parties included in item 1.2
-
Aggregate amount of cash flow from loans to these parties included in item 2.3
-
Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2
|
Total facility amount at quarter end
$US'000
|
Amount drawn at quarter end
$US'000
|
|
45,000
|
45,000
|
|
-
|
-
|
|
7,000
|
7,000
|
|
2,731
|
2,731
|
-
Financing facilities available Add notes as necessary for an understanding of the position
-
Loan facilities
-
Credit standby arrangements
-
Other (please specify) - Convertible loan
Working capital
-
Include below a description of each facility above, including the lender, interest rate and whether it is secured or unsecured. If any additional facilities have been entered into or are proposed to be entered into after quarter end, include details of those facilities as well.
8.1. Senior secured debt facility with Nomura Singapore Ltd (ASX Announcement 22 October 2016). Interest rate 7.5% for 18 months then 10.0%. Upon prepayment or repayment redemption premium to be paid that will result in the lenders receiving an amount equal to 15% (including interest).
8.3. Unsecured Convertible Loan Facility with Provident Minerals Pte Ltd (ASX Announcement 15 December 2015). Interest on the notes is 10% per annum and is capitalised and forms part of the face value of each note.
8.3. Unsecured Working Capital Facility with Provident Minerals Pte Ltd and PT Saratoga Investama Sedaya Tbk (ASX Announcement 16 June 2016). Interest payable upon repayment at an annual interest rate of 10%.
|
9. Estimated cash outflows for next quarter
|
$US'000
|
|
9.1
|
Exploration and evaluation
|
313
|
|
9.2
|
Development
|
2,000
|
|
9.3
|
Production
|
6,500
|
|
9.4
|
Staff costs
|
1,750
|
|
9.5
|
Administration and corporate costs
|
500
|
|
9.6
|
Other (provide details if material) - interest payable
|
1,125
|
|
9.7
|
Total estimated cash outflows
|
9,188
|
|
10. Changes in
|
Tenement
|
Nature of interest
|
Interest at
|
Interest
|
|
tenements
|
reference
|
beginning
|
at end of
|
|
(items 2.1(b) and
|
and
|
of quarter
|
quarter
|
|
2.2(b) above)
|
location
|
|
10.1
|
Interests in mining tenements and petroleum tenements lapsed, relinquished or reduced
|
|
10.2
|
Interests in mining tenements and petroleum tenements acquired or increased
|