Indo Mines : Quarterly Cashflow Report 31/01/2017 PDF 95 KB

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 INDO MINES LIMITED ABN Quarter ended ("current quarter")

40 009 245 210 31 December 2016

Consolidated statement of cash flows Currentquarter $A'000

1. Cash flows from operating activities Year to date (6 months) $A'000

2. Receipts from customers

3. Payments for

4. exploration & evaluation

   - -

   (445) (898)

5. development - -

6. production - -

7. staff costs (371) (698)

8. administration and corporate costs (87) (260)

9. Dividends received (see note 3) - -

10. Interest received 2 3

11. Interest and other costs of finance paid - (105)

12. Income taxes paid - -

13. Research and development refunds - -

14. Other (R&D shortfall repayment) (565) (565)

    1.9 Net cash from / (used in) operating activities (1,466) (2,523)
15. Cash flows from investing activities

16. Payments to acquire:

17. property, plant and equipment

    (68) (247)

18. tenements (see item 10) - -

19. investments - -

20. other non-current assets - -

    Consolidated statement of cash flows Currentquarter $A'000

21. Proceeds from the disposal of:

    Year to date (6 months) $A'000

22. property, plant and equipment - -

23. tenements (see item 10) - -

24. investments - -

25. other non-current assets - -

26. Cash flows from loans to other entities - (332)

27. Dividends received (see note 3) - -

28. Other (provide details if material) - -

    2.6 Net cash from / (used in) investing activities (68) (579)
29. Cash flows from financing activities

30. Proceeds from issues of shares - -

31. Proceeds from issue of convertible notes - -

32. Proceeds from exercise of share options - -

33. Transaction costs related to issues of - - shares, convertible notes or options

34. Proceeds from borrowings - -

35. Repayment of borrowings - -

36. Transaction costs related to loans and - - borrowings

37. Dividends paid - -

38. Other (provide details if material) - -

    3.10 Net cash from / (used in) financing - - activities
39. Net increase / (decrease) in cash and cash equivalents for the period

40. Cash and cash equivalents at beginning of period

41. Net cash from / (used in) operating activities (item 1.9 above)

42. Net cash from / (used in) investing activities (item 2.6 above)

43. Net cash from / (used in) financing activities (item 3.10 above)

44. Effect of movement in exchange rates on cash held

    4.6 Cash and cash equivalents at end of period

    1,975 3,588

    (1,466) (2,523)

    (68) (579)

    - -

    (15) (60)

    426 426
45. 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

46. Bank balances 426 1,975

47. Call deposits - -

48. Bank overdrafts - -

49. Other (provide details) - -

    5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 426 1,975
50. Payments to directors of the entity and their associates Currentquarter $A'000

51. Aggregate amount of payments to these parties included in item 1.2 23

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

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

    Not applicable

54. Payments to related entities of the entity and their associates Current quarter $A'000

55. Aggregate amount of payments to these parties included in item 1.2 20

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

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

    Not applicable

58. 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

8.1 Loan facilities US$4,000,000 US$4,000,000

1. Credit standby arrangements - -

2. Other (please specify) - -

3. 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.

US$4 million secured convertible debenture facility ('the Facility') with Anglo Pacific Group plc ('Anglo Pacific'), interest rate of 8.0% p.a. of outstanding principal, repayment by way of 2% net smelter royalty. Anglo Pacific is entitled at any time to require the Company to satisfy the repayment of the principal sum of the Facility by converting any outstanding principal to shares at a conversion price of A$0.50 per share. If the principal amount of the Facility has not been converted into shares or a royalty payment has not been made prior to 31 December 2017, then the conversion price will thereafter be equal to 90% of the market price of the Company's shares, subject to a minimum conversion price of A$0.10 and a maximum conversion price of A$0.50.

9.	Estimated cash outflows for next quarter	$A'000
9.1	Exploration and evaluation	80
9.2	Development	20
9.3	Production	-
9.4	Staff costs	350
9.5	Administration and corporate costs	100
9.6	Other (R&D shortfall repayment)	150
9.7	Total estimated cash outflows	700

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	Nil
10.2	Interests in mining tenements and petroleum tenements acquired or increased	Nil