+Rule 5.5
Mining exploration entity and oil and gas exploration entity quarterly reportIntroduced 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 entityANDROMEDA METALS LIMITED
ABN Quarter ended ("current quarter")75 061 503 375 31 DECEMBER 2016
Consolidated statement of cash flows Currentquarter $A'000-
Cash flows from operating activities
Year to date (6 months)
$A'000
Receipts from customers
Payments for
exploration & evaluation
0 0
(351) (557)
development 0 0
production 0 0
staff costs* (101) (180)
administration and corporate costs (134) (259)
Dividends received (see note 3) 0 0
Interest received 2 4
Interest and other costs of finance paid 0 0
Income taxes paid 0 0
Research and development refunds 180 180
Other (provide details if material) 0 0
1.9 Net cash from / (used in) operating activities (404) (812)'* net salaries after recharge to exploration and inclusive of director fees paid
-
Cash flows from investing activities
Payments to acquire:
property, plant and equipment
(1) (3)
tenements (see item 10) 0 0
investments 0 0
other non-current assets 0 0
Consolidated statement of cash flows Currentquarter $A'000Proceeds from the disposal of:
Year to date (6 months) $A'000property, plant and equipment
22 22
tenements (see item 10) 0 0
investments 0 0
other non-current assets 0 0
Cash flows from loans to other entities 0 0
Dividends received (see note 3) 0 0
Other (provide details if material) 0 0
2.6 Net cash from / (used in) investing activities 21 19-
Cash flows from financing activities
Proceeds from issues of shares
Proceeds from issue of convertible notes
0 816
Proceeds from exercise of share options 0 1
Transaction costs related to issues of shares, convertible notes or options
0 (74)
Proceeds from borrowings 0 0
Repayment of borrowings 0 0
Transaction costs related to loans and 0 0
borrowings
Dividends paid 0 0
Other (provide details if material) 0 0
3.10 Net cash from / (used in) financing activities 0 743-
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 of681 348
(404) (812)
21 19
0 743
0 0
period 298 298
-
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 $A'000 Previous quarter $A'000 Bank balances 298 681
Call deposits 0 0
Bank overdrafts 0 0
Other (provide details) 0 0
5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 298681-
Payments to directors of the entity and their associates Currentquarter
$A'000
Aggregate amount of payments to these parties included in item 1.2 134
Aggregate amount of cash flow from loans to these parties included 0
in item 2.3
Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2
The amount at 6.1 comprises executive director salaries and non-executive director fees paid to directors or related corporations of directors of the Company during the quarter.
-
Payments to related entities of the entity and their associates
Current quarter
$A'000
Aggregate amount of payments to these parties included in item 1.2 0
Aggregate amount of cash flow from loans to these parties included 0
in item 2.3
Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2
-
Financing facilities available Add notes as necessary for an understanding of the position
Total facility amount at quarter end
$A'000
Amount drawn at quarter end
$A'000
Loan facilities 0 0
Credit standby arrangements 0 0
Other (please specify) 0 0
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.
This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
This statement gives a true and fair view of the matters disclosed.
The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.
If this quarterly report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.
Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.
9. | Estimated cash outflows for next quarter | $A'000 |
9.1 | Exploration and evaluation | 80 |
9.2 | Development | 0 |
9.3 | Production | 0 |
9.4 | Staff costs | 100 |
9.5 | Administration and corporate costs | 80 |
9.6 | Other (provide details if material) | 0 |
9.7 | Total estimated cash outflows | 260 |
10. | Changes in tenements (items 2.1(b) and 2.2(b) above) | Tenement reference and location | Nature of interest | Interest at beginning of quarter | Interest at end of quarter |
10.1 | Interests in mining tenements and petroleum tenements lapsed, relinquished or reduced | ELA 2016/00047 | Beneficial holder | 100% | 0 |
%
10.2 Interests in mining
tenements and petroleum tenements acquired or increased
Nil
Compliance statement....................................
11 January 2017
Sign here: ........................ Date: .............................................
(Director/Company secretary) Nick Harding
Print name: .........................................................
NotesAndromeda Metals Limited published this content on 11 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 January 2017 09:10:03 UTC.
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