Hawsons Iron : Revised Quarterly Appendix 5B Cash Flow Report

only	5B - Revised allocations for the Quarter July to Sept 2021
January 05, 2022
use
The Companies Officer
Australian Securities Exchange Ltd
20 Bridge Street
SYDNEY NSW 2000
Dear Madam or Sir
personal

5B - Revised allocations for the period July to September 2021

Please find following a revised appendix 5B for the period 1 July 2021 to 30 September 2021, which shows more clearly the nature of the cash movements for the period, in compliance with listing rules 5.3.1, 5.3.2 and 5.3.5. Hawsons Iron Ltd (ASX: HIO) notes that cash balance and estimated quarters of funding available remains the same.

Yours sincerely

Hawsons Iron Ltd

ABN 63 095 117 981

ForC mpany Secretary

Greg Khan

E: [e-mail]

P: + 61 (0) 7 3220 2022

Media Contact Kerry Bailey [e-mail]: [phone]

Authorised by Greg Khan, Company Secretary

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

HAWSONS IRON LIMITED

ABN	Quarter ended ("current quarter")
63 095 117 981	30 September 2021

Consolidated statement of cash flows	Current quarter	Year to date
			$A'000	(3 months)
				$A'000
1.	Cash flows from operating activities
1.1	Receipts from customers	-	-
1.2	Payments for
	(a) exploration & evaluation (if expensed)	-	-
	(b)	development	-	-
	(c)	production	-	-
	(d)	staff costs	(87)	(87)
	(e) administration and corporate costs	(1,433)	(1,433)
		• $1,204k for a consultant liability as outlined
		in the annual financial report 30 June 2021.
		• $229k - Corporate and Administration Costs
1.3	Dividends received (see note 3)	-	-
1.4	Interest received	1	1
1.5	Interest and other costs of finance paid	-	-
1.6	Income taxes paid	-	-
1.7	Government grants and tax incentives	-	-
1.8	Joint venture transaction costs	-	-
1.9	Net cash from / (used in) operating	(1,519)	(1,519)
	activities
2.	Cash flows from investing activities
2.1	Payments to acquire:
	(a)	entities	-	-
	(b)	tenements	-	-
	(c) property, plant and equipment	(27)	(27)

ASX Listing Rules Appendix 5B (01/12/19)	Page 1
+ 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

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Consolidated statement of cash flows

1. exploration & evaluation (if capitalised)
2. • Salaries and Wages - $231k
   • Landowner - $10k
   • Consultants (Geo/Pit/Survey) - $123k
   • Fuel - $46k
   • Other - $7k

Current quarter	Year to date
$A'000	(3 months)
	$A'000
(417)	(417)

For personal use

	(e)	investments	-	-
	(f)	other non-current assets	-	-
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	-	-
2.4	Dividends received (see note 3)	-	-
2.5	Other (provide details if material)	-	-
2.6	Net cash from / (used in) investing	(444)	(444)
	activities

3.	Cash flows from financing activities
3.1	Proceeds from issues of equity securities	35,596	35,596
	(excluding convertible debt securities)
3.2	Proceeds from issue of convertible debt	-	-
	securities
3.3	Proceeds from exercise of options	-	-
3.4	Transaction costs related to issues of equity	(2,028)	(2,028)
	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	33,568	33,568
	activities

ASX Listing Rules Appendix 5B (01/12/19)	Page 2
+ 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
	$A'000	(3 months)
		$A'000

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

4.1	Cash and cash equivalents at beginning of	2,350	2,350
	period
4.2	Net cash from / (used in) operating	(1,519)	(1,519)
	activities (item 1.9 above)
4.3	Net cash from / (used in) investing activities	(444)	(444)
	(item 2.6 above)
4.4	Net cash from / (used in) financing activities	33,568	33,568
	(item 3.10 above)
4.5	Effect of movement in exchange rates on	-	-
	cash held
4.6	Cash and cash equivalents at end of	33,955	33,955
	period

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	33,939	33,939
5.2	Call deposits	16	16
5.3	Bank overdrafts		-
5.4	Other (provide details)		-
5.5	Cash and cash equivalents at end of	33,955	33,955
	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	39
	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: In relation to Listing Rule 5.3.5 - The following descriptions of payments to related parties are provided below;

Director wages and fees: Totalled $83,749.98 for the QTR. 65% of Bryan Granzien expense is charged and capitalised within the Joint Venture activities outlined at 2.1 (d). 35% remains at item 6.1 for Bryan Granzien and 100% for the director fees, totalling $39,062.50

-	Bryan Granzien Gross Wages	$21,875
-	Bryan Granzien Superannuation	$2,187.50
-	Paul Cholokas (Director Fee)	$7500
-	Jon Parker (Director Fee)	$7500
	Total	$39,062.50
ASX Listing Rules Appendix 5B (01/12/19)	Page 3
+ 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

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7. Financing facilities

Note: the term "facility' includes all forms of financing arrangements available to the entity.

Add notes as necessary for an understanding of the sources of finance available to the entity.

7.1 Loan facilities

7.2 Credit standby arrangements

7.3 Other (please specify)

7.4 Total financing facilities

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

For personal use

7.5

Unused financing facilities available at quarter end

-

7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.

8.	Estimated cash available for future operating activities	$A'000
8.1	Net cash from / (used in) operating activities (Item 1.9)	(1,519)
8.2	Capitalised exploration & evaluation (Item 2.1(d))	(417)
8.3	Total relevant outgoings (Item 8.1 + Item 8.2)	(1,936)
8.4	Cash and cash equivalents at quarter end (Item 4.6)	33,955
8.5	Unused finance facilities available at quarter end (Item 7.5)	-
8.6	Total available funding (Item 8.4 + Item 8.5)	33,955
8.7	Estimated quarters of funding available (Item 8.6 divided by	17.54
	Item 8.3)

8.8 If Item 8.7 is less than 2 quarters, please provide answers to the following questions:

1. Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?
2. Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?
3. Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?

Notes / Commentary

In relation to Listing Rule : 5.3.2 - There were no substantive mining production and development activities during the Quarter.

ASX Listing Rules Appendix 5B (01/12/19)	Page 4
+ See chapter 19 of the ASX Listing Rules for defined terms.