Boss Resources : Quarterly Cashflow Report

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

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

BOSS RESOURCES LIMITEDABN 38 116 834 336

Quarter ended ("current quarter")

31 DECEMBER 2018

Consolidated statement of cash flows	Current quarter $A'000	Year to date (6 months) $A'000
1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) staff costs (e) administration and corporate costs 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 Research and development refunds 1.8 Other (provide details if material) 1.9 Net cash from / (used in) operating activities	- (1,757) - - (387) (247) - 111 - - - -	- (3,191) - - (767) (573) - 267 - - - -
	(2,280)	(4,264)

2.	Cash flows from investing activities
2.1	Payments to acquire:
(a) property, plant and equipment	-	-
(b) tenements (see item 10)	-	-
(c) investments	-	-
(d) other non-current assets	-	-

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Consolidated statement of cash flows	Current quarter $A'000	Year to date (6 months) $A'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 (costs of selling tenements) 2.6 Net cash from / (used in) investing activities	- 10,000` - - - (200)	2 10,000 - - - (200)
	9,800	9,802

3. Cash flows from financing activities 3.1 Proceeds from issues of shares 3.2 Proceeds from issue of convertible notes 3.3 Proceeds from exercise of share options 3.4 Transaction costs related to issues of shares, convertible notes or options 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 (proceeds from issue of options) 3.10 Net cash from / (used in) financing activities	- - - - - - - - 1	200 - - (2) - - - - 1
	1	199

• 4. Net increase / (decrease) in cash and cash equivalents for the period

• 4.1 Cash and cash equivalents at beginning ofperiod

• 4.2 Net cash from / (used in) operating activities (item 1.9 above)

• 4.3 Net cash from / (used in) investing activities (item 2.6 above)

• 4.4 Net cash from / (used in) financing activities (item 3.10 above)

5,168

6,961

(2,280)

(4,264)

9,800

9,802

1

199

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Consolidated statement of cash flows	Current quarter $A'000	Year to date (6 months) $A'000
4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period	(3)	(12)
	12,686	12,686

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 $A'000	Previous quarter $A'000
5.1 Bank balances 5.2 Call deposits 5.3 Bank overdrafts 5.4 Other (provide details) 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above)	986 11,700 - -	1,168 4,000 - -
	12,686	5,168

6.	Payments to directors of the entity and their associates
6.1	Aggregate amount of payments to these parties included in item 1.2	207
6.2	Aggregate amount of cash flow from loans to these parties included	-
in item 2.3
6.3

Current quarter

$A'000

Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2

Payments to directors/director associates for director fees, salary, accounting and other fees.

7.	Payments to related entities of the entity and their
associates
7.1	Aggregate amount of payments to these parties included in item 1.2	72
7.2	Aggregate amount of cash flow from loans to these parties included	-
in item 2.3
7.3

Current quarter

$A'000

Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2

Payments to key management personnel.

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

• 8. Financing facilities available

  Add notes as necessary for an understanding of the position

• 8.1 Loan facilities

• 8.2 Credit standby arrangements

• 8.3 Other (please specify)

  Total facility amount at quarter end $A'000	Amount drawn at quarter end $A'000
  -	-
  -	-
  -	-

• 8.4 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.

9. Estimated cash outflows for next quarter	$A'000
9.1 Exploration and evaluation 9.2 Development 9.3 Production 9.4 Staff costs 9.5 Administration and corporate costs 9.6 Other* 9.7 Total estimated cash outflows	1,516 - - 418 216 -
	2,150

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	Golden Hill and Gourma Projects in Burkina Faso	Free carried interest	49%	0%
10.2 Interests in mining tenements and petroleum tenements acquired or increased	NA

Compliance statement

• 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

• 2 This statement gives a true and fair view of the matters disclosed.

Sign here:

............................................................

Date: 21 January 2019

(Company secretary)

Print name:

Oonagh Malone

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Notes

• 1. 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.

• 2. 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.

• 3. 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.

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