Comet Ridge : 31 January 2017 Quarterly Cashflow Report -31 December 2016

Appendix 5B

Rule 5.5

Mining exploration entity and oil and gas exploration entity quarterly report

Name of entity
Comet Ridge Limited
ABN	Quarter ended ("current quarter")
47 106 092 577	31 December 2016

Consolidated statement of cash flows		Current quarter $A'000	Year to date (6 months) $A'000
1.	Cash flows from operating activities	(101)	(535)
1.1	Receipts from customers
1.2	Payments for
(a) exploration & evaluation
(b) development		-	-
(c) production		-	-
(d) staff costs		(267)	(488)
(e) administration and corporate costs* (*Incl one off annual insurance and other payments made during Qtr)		(227)	(467)
1.3	Dividends received (see note 3)	-	-
1.4	Interest received	8	11
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	(587)	(1,479)

1. Cash flows from investing activities

2. Payments to acquire:

3. property, plant and equipment - -

4. tenements (see item 10) - -

5. investments - -

   Appendix 5B

   Mining exploration entity and oil and gas exploration entity quarterly report

   Consolidated statement of cash flows Currentquarter $A'000 Year to date (6 months) $A'000

6. other non-current assets - -

7. Proceeds from the disposal of:

8. property, plant and equipment - -

9. tenements (see item 10) - -

10. investments - -

11. other non-current assets - -

12. Cash flows from loans to other entities - -

13. Dividends received (see note 3) - -

14. Other (provide details if material) - -

2.6 Net cash from / (used in) investing - - 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	2,403 - - - - - - - -	2,403 - - - - - - - -
	2,403	2,403

4. 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)	733 (587)	1 625
		(1,479)

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
4.3	Net cash from / (used in) investing activities (item 2.6 above)	-	-
4.4	Net cash from / (used in) financing activities (item 3.10 above)	2,403	2,403
4.5	Effect of movement in exchange rates on cash held	-	-
4.6	Cash and cash equivalents at end of period	2,549	2,549

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	2,549	733
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)	2,549	733

Current quarter $A'000

54

-

1. Payments to directors of the entity and their associates

2. Aggregate amount of payments to these parties included in item 1.2

3. Aggregate amount of cash flow from loans to these parties included in item 2.3

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

   Directors Fees

   Appendix 5B

   Mining exploration entity and oil and gas exploration entity quarterly report

   Current quarter $A'000

   -

5. Payments to related entities of the entity and their associates

6. Aggregate amount of payments to these parties included in item 1.2

7. Aggregate amount of cash flow from loans to these parties included in item 2.3

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

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

9. Financing facilities available

   Add notes as necessary for an understanding of the position

10. Loan facilities

11. Credit standby arrangements

12. Other (please specify)

13. 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	251
9.2	Development	-
9.3	Production	-
9.4	Staff costs	208
9.5	Administration and corporate costs	306
9.6	Other (provide details if material)	-
9.7	Total estimated cash outflows	765