ALDORO RESOURCES LIMITED For personal use only
ASX and Media Release
21 February 2022
Quarterly Activities Report Annexure and Revised Appendix 5B
The Company provides the following annexure to the Quarterly Activities Report lodged on 31 January 2022, and revised Appendix 5B.
Quarterly Activities Report - Annexure
Disclosure
All the exploration data provided in this quarterly have been previously released. The Niobe exploration target was based on actual results and released on the 27th of August 2021 (ASX:ARN) in compliance with JORC 2012 section 17 with full disclosure of all previous drill results, modelling, techniques applied and JORC Table 1 & 2.. The current drilling programme may add to the exploration target in the future but as no results have been forthcoming the exploration target has not been updated.
The Niobe Exploration Target's potential quantity and grade (ASX release 27/8/2022) is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target was prepared and reported in accordance with the 2012 edition of the JORC Code section 17 under the guidance of the Competent Person (Mark Mitchell) and has not been updated since the release date.
Disclaimer
Some of the statements appearing in this announcement may be in the nature of forward-looking statements. You should be aware that such statements are only predictions and are subject to inherent risks and uncertainties. Those risks and uncertainties include factors and risks specific to the industries in which Aldoro operates and proposes to operate as well as general economic conditions, prevailing exchange rates and interest rates and conditions in the financial markets, among other things. Actual events or results may differ materially from the events or results expressed or implied in any forward- looking statement. No forward-looking statement is a guarantee or representation as to future performance or any other future matters, which will be influenced by several factors and subject to various uncertainties and contingencies, many of which will be outside Aldoro's control. Aldoro does not undertake any obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in this announcement. To the maximum extent permitted by law, none of Aldoro, its directors, employees, advisors, or agents, nor any other person, accepts any liability for any loss arising from the use of the information contained in this announcement. You are cautioned not to place undue reliance on any forward-looking statement. The forward-looking statements in this announcement reflect views held only as at the date of this announcement.
ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792
SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005
http://www.aldororesources.com
For personal use only
This announcement is not an offer, invitation or recommendation to subscribe for, or purchase securities by Aldoro. Nor does this announcement constitute investment or financial product advice (nor tax, accounting, or legal advice) and is not intended to be used for the basis of making an investment decision. Investors should obtain their own advice before making any investment decision.
Competent Persons Statements (Niobe and Wyemandoo Projects)
The information in this announcement that relates to exploration data and results derived from samples collected at Niobe and Wyemandoo projects where all information presented has been previously announced with accordance with the 2012 Edition of the Australian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC). The data was reviewed and compiled by Mr Mark Mitchell, a geological consultant to Aldoro Resources Ltd. Mr Mitchell is a Registered Professional Geoscientist (No.10049) with the Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Mitchell consents to the inclusion in the release of the statements based on his information in the form and context in which it appears
Competent Person's Statement (Narndee Project)
The information in this announcement that relates to Exploration Results and other technical information in relation to the Narndee Project complies with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). It has been compiled and assessed under the supervision of Luke Marshall, a geological consultant to Aldoro Resources Ltd. Mr Marshall is a Member of the Australasian Institute of Geoscientists and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the JORC Code. Mr Marshall consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.
This announcement has been approved for release by the Board of Aldoro Resources Ltd
For and on behalf of the board:
Sarah Smith
Company Secretary
ALDORO RESOURCES LIMITED | ABN 31 622 990 809 | +61 8 6559 1792
SUITE 2, 1 ALTONA STREET WEST PERTH, WA 6005
http://www.aldororesources.com
For personal use only
Rule 5.5
Appendix 5B
Mining exploration entity or oil and gas exploration entity
quarterly cash flow report
Name of entity | |
Aldoro Resources Limited | |
ABN | Quarter ended ("current quarter") |
31 622 990 809 | 31 December 2021 |
Consolidated statement of cash flows | Current quarter | Year to date (6 | ||
$A'000 | months) | |||
$A'000 | ||||
1. | Cash flows from operating activities | |||
1.1 | Receipts from customers | - | - | |
1.2 | Payments for | |||
(a) | exploration & evaluation | (88) | (220) | |
(b) | development | - | - | |
(c) | production | - | - | |
(d) | staff costs | - | - | |
(e) | administration and corporate costs | (246) | (807) | |
1.3 | Dividends received (see note 3) | - | - | |
1.4 | Interest received | - | - | |
1.5 | Interest and other costs of finance paid | - | - | |
1.6 | Income taxes paid | - | - | |
1.7 | Government grants and tax incentives | - | - | |
1.8 | Other (provide details if material) | - | - | |
1.9 | Net cash from / (used in) operating | (334) | (1,027) | |
activities | ||||
2. | Cash flows from investing activities | |||
2.1 | Payments to acquire or for: | |||
(a) | entities | - | - | |
(b) | tenements | (50) | (100) | |
(c) | property, plant and equipment | (3) | (345) | |
(d) | exploration & evaluation | (1,540) | (2,446) | |
(e) | investments | - | - | |
(f) | other non-current assets | - | - |
ASX Listing Rules Appendix 5B (17/07/20) | Page 1 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
For personal use only
Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report
Consolidated statement of cash flows | Current quarter | Year to date (6 | ||
$A'000 | months) | |||
$A'000 | ||||
2.2 | Proceeds from the disposal of: | |||
(a) | entities | - | - | |
(b) | tenements | - | - | |
(c) property, plant and equipment | - | - | ||
(d) | investments | - | - | |
(e) | other non-current assets | - | - | |
2.3 | Cash flows from loans to other entities | 124 | - | |
2.4 | Dividends received (see note 3) | - | - | |
2.5 | Other (provide details if material) | - | - | |
2.6 | Net cash from / (used in) investing | (1,469) | (2,891) | |
activities | ||||
3. | Cash flows from financing activities | |||
3.1 | Proceeds from issues of equity securities | 40 | 2,310 | |
(excluding convertible debt securities) | ||||
3.2 | Proceeds from issue of listed options | - | (1) | |
3.3 | Proceeds from exercise of options | 163 | 467 | |
3.4 | Transaction costs related to issues of equity | - | - | |
securities or convertible debt securities | ||||
3.5 | Proceeds from borrowings | - | - | |
3.6 | Repayment of borrowings | - | - | |
3.7 | Transaction costs related to loans and | - | - | |
borrowings | ||||
3.8 | Dividends paid | - | - | |
3.9 | Other (provide details if material) | - | - | |
3.10 | Net cash from / (used in) financing | 203 | 2,776 | |
activities |
4. Net increase / (decrease) in cash and cash equivalents for the period
4.1 | Cash and cash equivalents at beginning of | 4,358 | 3,900 |
period | |||
4.2 | Net cash from / (used in) operating | (334) | (1,027) |
activities (item 1.9 above) | |||
4.3 | Net cash from / (used in) investing activities | (1,469) | (2,891) |
(item 2.6 above) | |||
4.4 | Net cash from / (used in) financing activities | 203 | 2,776 |
(item 3.10 above) |
ASX Listing Rules Appendix 5B (17/07/20) | Page 2 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report
only
Consolidated statement of cash flows
- Effect of movement in exchange rates on cash held
- Cash and cash equivalents at end of period
Current quarter | Year to date (6 |
$A'000 | months) |
$A'000 | |
- | - |
2,758 | 2,758 |
For personal use
5. | Reconciliation of cash and cash | Current quarter | Previous quarter |
equivalents | $A'000 | $A'000 | |
at the end of the quarter (as shown in the | |||
consolidated statement of cash flows) to the | |||
related items in the accounts | |||
5.1 | Bank balances | 2,758 | 4,358 |
5.2 | Call deposits | - | - |
5.3 | Bank overdrafts | - | - |
5.4 | Other (provide details) | - | - |
5.5 | Cash and cash equivalents at end of | 2,758 | 4,358 |
quarter (should equal item 4.6 above) |
6. | Payments to related parties of the entity and their | Current quarter |
associates | $A'000 | |
6.1 | Aggregate amount of payments to related parties and their | (116) |
associates included in item 1 | ||
6.2 | Aggregate amount of payments to related parties and their | - |
associates included in item 2 |
Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments.
ASX Listing Rules Appendix 5B (17/07/20) | Page 3 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
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Aldoro Resources Ltd. published this content on 21 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 February 2022 08:00:05 UTC.
