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------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |Jervois Mining Limited (“Jervois” or the “Company”)|Highlights | |ACN: 007 626 575 |Jervois'A$45.0 million equity placement completed | |ASX/TSXV: JRV |Jervois is using proceeds for its Idaho Cobalt Operations (“ICO”),United States , long lead item orders, detailed engineering and ongoing site costs; and activities relating to its announced agreement to acquire Miguel Paulista (“SMP”) nickel-cobalt refinery, São Paulo, Brazil| |OTCQB: JRVMF |Jervois paid the non-refundable deposit ofR$15 million (orA$3.9 million ) which applies on closing as the first tranche of theR$125 million cash consideration for acquisition ofSMP refinery | | |Jervois appointed M3 Engineering for detailed design and early site works at ICO; Metso Outotec SAG mill ordered | |Corporate Information: |At SMP Refinery, decision taken to integrate Pressure Oxidation (“POX”) leach circuit | |802.1M Ordinary Shares |Jervois appointed additional key management as it drives development of ICO and SMP: | |96.5M Options |Greg Young appointed Executive General Manager (“EGM”) – Commercial | | |Wayde Yeoman and Klaus Wollhaf both appointed to Group Manager– Commercial, working withGreg Young | |Non-Executive Chairman |James May appointed Chief Financial Officer / EGM Finance | |Peter Johnston |Craig Morrison appointed as Group Financial Controller | | |Valdecir Botassini appointed asSMP Project Director | |CEO and Executive Director |Jervois became a founding member of theZero Emission Transportation Association (“ZETA”) in the US | |Bryce Crocker |ZETA is advocating for 100% electric vehicle sales in the US by 2030, with cobalt an important component in EV batteries | | |Jervois endsDecember 2020 quarter withA$42.3 million cash | |Non-Executive Directors | | |Brian KennedyMichael Callahan | | |Company Secretary | | |Alwyn Davey | | | | | |Contact Details | | |Suite 508, | | |737 Burwood RoadHawthorn East | | |Victoria 3122 | | |Australia | | | | | |P: +61 (3) 9583 0498 | | |E:admin@jervoismining.com.au | | |W:www.jervoismining.com.au | | | | | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CORPORATE UPDATE
Liquidity
Jervois ended the
During the quarter, Jervois paid the non-refundable deposit of
Expenditure on exploration and development for the quarter was
Placement
On 20 October, Jervois announced it had successfully closed a
The Placement first tranche, totalling
Tranche 2 of the Placement, which was subject to shareholder approval, totalled a further
Jervois participants in the Placement included:
--
Peter Johnston , Non-Executive Chairman (A$0.2 million , 655,738 shares)--
Brian Kennedy , Non-Executive Director (A$0.5 million , 1,639,344 shares)--
Ken Klassen , General Counsel / EGM – Legal (A$0.3 million , 983,607 shares); and--
Greg Young , EGM – Commercial (A$0.75 million , 2,459,016 shares).
Shareholders voted in favour at the AGM on 30 November. Tranche 2 funds were received on
Jervois is using proceeds from the Placement for ICO long lead item orders, detailed engineering and ongoing site costs; and activities relating to the recently announcedagreement to acquire the
Management Appointments
During the quarter, Jervois made key executive appointments as it drives development and construction at ICO in
As reported last quarter, in October, Jervois announced the appointment of one of the world’s foremost traders of nickel and cobalt products,
Strengthening the commercial function ahead of the planned restart at the
Klaus Wollhaf joins Jervois with more than 30 years of experience in the global mining industry. Mr. Wollhaf was President of
Mr. Wollhaf and Mr. Yeoman’s appointments completed Jervois’s expansion of its commercial team to optimise SMP’s restart with third party volumes.
Jervois announced the appointment of
Across his 15 years of leadership roles at Rio Tinto,
From
To support the restart of the
Insider Compensation Reporting
As a consequence of grandfathering arrangements acquired during the M2 Cobalt merger, during the quarter
ICO will be the only cobalt mine in the US upon forecast commissioning in 2022, with cobalt identified by the government as a strategic mineral of critical importance. Cobalt is on a list of critical minerals developed by the
During the quarter, Jervois CEO
The podcast titled “Why Green Energy Means Mining: The Case of Cobalt” is available at:https://jervoismining.com.au/investors/media/
Jervois remains actively engaged with the
Following the recently announced agreement to acquire the SMP nickel-cobalt refinery in São Paulo,
Jervois joins ZETA
In December, Jervois announced it had become a founding member of the
Jervois elected to participate given the important role of its 100%-owned ICO to support the transition of the US to EV’s. Cobalt is a key component in lithium-ion battery chemistries. Secure, ethical sources of supply are important characteristics for the procurement chains of battery manufacturers and their customers in the auto industry.
Project Financing Update
Discussions with lenders continue, supported by increasingly robust sentiment pertaining to battery raw materials for EV’s, including a rising cobalt price. Discussions are centering around structuring alternatives for the lenders’ security package, which now may include the
As noted above,
Customer and supply arrangements also continue to be advanced by Jervois’ commercial team which was hired in Q4 2020.
Investor Relations
Jervois is currently participating in the
Change of Year End
Jervois’ Board has resolved to change the Company’s financial year end from 30 June to 31 December in order to align the Australian reporting dates with its overseas operations. This change in financial year was made in accordance with Section 323D(2A) of the Corporations Act 2001 (Cth). The Board confirms that:
The Company’s previous financial year ended on
30 June 2020 ;The Company will have a six-month transitional financial year, from
1 July 2020 to31 December 2020 ; andThereafter, the Company will revert to a 12-month financial year, from
1 January 2021 and ending on 31 December.
The change in financial year requires the Company to, in respect of the transitional financial year:
Lodge a quarterly report (Appendix 5B) with ASX by
31 January 2021 ;Lodge audited financial statements with ASX by
31 March 2021 ;Lodge an annual report with ASX by
30 April 2021 ; andHold an Annual General Meeting (“AGM”) by
31 May 2021 .
Jervois will advise the market in the ordinary course when the date of this upcoming AGM is determined.
Results of the 2020 AGM
At its 2020 AGM held on 30 November, all resolutions put to the meeting passed by poll of shareholders present in-person and by proxy. The reesolutions were as follows:
1.Adoption of the Remuneration Report
2.Re-election of a Director - Mr
Brian Kennedy 3.Re-election of a Director - Mr
Peter Johnston 4.Re-election of a Director - Mr
Michael Callahan 5.Additional Placement Capacity (Special)
6.Approval of Stock Option Plan
7.Approval to issue Options to
Brian Kennedy 8.Approval to issue Options to
Michael Callahan 9.Approval to issue Options to
Peter Johnston 10.Appointment of Auditor
11.Ratification of prior issue of shares
12.Approval of participation in the capital raising
13.Approval of the issue of capital raising share.
PROJECT UPDATES
Idaho Cobalt Operations or ICO,
In November, Jervois announced it had appointed M3 Engineering (“M3”) as lead engineer for the detailed design and site early works for ICO.
M3 is headquartered in
The detailed design will cover all packages of work to allow orders to be placed on long lead items so construction can restart and site early works in
In
São Miguel Paulista Nickel and
In December, Jervois paid the non-refundable deposit of
Following this payment Jervois and CBA have entered into an initial lease arrangement (“Refinery Lease”) providing Jervois access to undertake a FS for the restart. Subject to Jervois’ Early Termination Right up to
As part of the purchase arrangements and as contained in the Refinery Lease, Jervois will pay for the
On Closing, the deposit paid in
In parallel with engineering work underway on ICO, Jervois announced the appointment of Australian-based consultancy Elemental to complete modelling of feed integration of hydroxides, carbonates, oxides and sulphide concentrates for the
Scope included detailed mass and energy balance calculations, reagent consumption, steam and water balances, sysCAD models and flowsheets including impurity removal and recirculating load assessment, together with impact on utility demands including electricity, steam and water. The work was finalized in January, with FS scope in final stages of review prior to award.
Elemental was awarded the scope of work after strong bids from international engineering firms with expertise in nickel and cobalt refining. Elemental completed similar work for Glencore’s
As a result of Elemental’s work, Jervois has determined it shall integrate a POX leach circuit at the
As noted earlier, Jervois will now revert to delivering a cobalt concentrate (containing gold) to the
Commercially, negotiations with cobalt hydroxide, MHP and sulphide concentrate suppliers continue, as do talks with end customers of refined product. In addition to the established “Tocantins” metal brands of SMP, Jervois will also be carefully assessing the ability of the facility to produce refined chemical sulphates, both nickel and cobalt.
The Company completed the Nico Young NI 43-101 Preliminary Economic Assessment (“PEA”) in
Jervois’ announced agreement to acquire the
The Company is continuing discussions which envisage partial off-take in exchange for funding to complete a BFS. At that time, Jervois will reassess its level of equity ownership and uncommitted offtake of Nico Young to determine a suitable ownership structure and marketing strategy to secure the required project financing to move into construction.
Jervois completed its planned drill programme at its Kilembe area properties in central and western
Drilling at the
Result highlights included:
Hole 20DDHS006
2.0m @ 6.0 grams per tonne gold (“g/t Au”)from 147.4m
Hole 20DDHS007
24.8m @ 0.9 g/t Aufrom 53.7m
Including1.05m @ 6.4 g/t Au;from 77.45m
Hole 20DDHS008
10.4m @ 0.6 g/t Aufrom 14.0m
1.65m @ 1.6 g/t Aufrom 69.15m
Hole 20DDHS009
10.0m @ 0.5 g/t Aufrom 38.0m
Including1.0m @ 2.9 g/t Au;from 41.0m
1.0m @ 5.0 g/t Au;from 95.0m
All exploration activities in
Kabanga Nickel-Cobalt Deposit Application,
Jervois has been unsuccessful in obtaining tenure for the Kabanga Nickel-Cobalt deposit.
Non Core Assets
Jervois’ non-core assets are summarized on the Company’s website. Sale negotiations to rationalize the Company’s portfolio continues.
ASX WAIVER INFORMATION
On
As at
------------------------------------ |Jervois shares issued in the |Nil| |quarter on exercise of eCobalt| | |options: | | ------------------------------------
----------------------------------------------------------------------------------------- |eCobalt options remaining outstanding: | |---------------------------------------------------------------------------------------| | 2,714,250* |eCobalt options exercisable until6 September 2021 atC$0.36 * each | | 3,654,750* |eCobalt options exercisable until 28 June 2022 atC$0.71 * each | | 288,750* |eCobalt options exercisable until 5 October 2022 atC$0.70 * each | | 231,000* |eCobalt options exercisable until 11 January 2023 atC$1.16 * each | | 165,000* |eCobalt options exercisable until 12 March 2023 atC$0.85 * each | | 206,250* |eCobalt options exercisable until 6 April 2023 atC$0.84 * each | | 4,191,000* |eCobalt options exercisable until 28 June 2023 atC$0.61 * each | | 123,750* |eCobalt options exercisable until 24 September 2023 atC$0.50 * each| | 1,980,000* |eCobalt options exercisable until 1 October 2023 atC$0.53 * each | |---------------------------------------------------------------------------------------| |13,554,750* | | -----------------------------------------------------------------------------------------
The number of options represent the number of Jervois shares that will be issued on exercise. The exercise price represents the price to be paid for the Jervois shares when issued.
By Order of the Board
Chief Executive Officer
For further information, please contact:
-------------------------------------------------------------------- |Investors and analysts: |Media: | |Bryce Crocker |Nathan Ryan | |Chief Executive Officer |NWR Communications | |Jervois Mining Limited |nathan.ryan@nwrcommunications.com.au| |bcrocker@jervoismining.com.au|Mob: +61 420 582 887 | --------------------------------------------------------------------
Competent Person’s Statement
The information in this release that relates to Mineral Exploration is based on information compiled by
Qualified Person’s Statement
The technical content of this news release has been reviewed and approved by
Neither
Forward Looking Statements
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the partnering process in
----------------------------- |Tenements | | | | Australian Tenements | | | |Description | | | |Tenement number | |Interest owned % | |Ardnaree (NSW) | | | |EL 5527 | |100.0 | |Thuddungra (NSW) | | | |EL 5571 | |100.0 | |Nico Young (NSW) | | | |EL 8698 | |100.0 | |Ardnaree Magnesite (NSW) | | | |EL 8763 | |100.0 | |Area 1 (NSW) | | | |EL 8474 | |100.0 | |West Arunta (WA) | | | |E80 4820 | |20.0 | |West Arunta (WA) | | | |E80 4986 | |20.0 | |West Arunta (WA) | | | |E80 4987 | |20.0 | |Old Khartoum (QLD) | | | |EPM 14797 | |100.0 | |Khartoum (QLD) | | | |EPM 19112 | |100.0 | |ThreeMile Creek (QLD) | | | |EPM 19113 | |100.0 | |Carbonate Creek (QLD) | | | |EPM 19114 | |100.0 | |Mt Fairyland (QLD) | | | |EPM 19203 | |100.0 | | | |Uganda Exploration Licences| | | |Description | | | |Exploration Licence number | |Interest owned % | |Bujagali | | | |EL1666 | |100.0 | |Bujagali | | | |EL1682 | |100.0 | |Bujagali | | | |EL1683 | |100.0 | |Bujagali | | | |EL1665 | |100.0 | |Bujagali | | | |EL1827 | |100.0 | | | | | | | | | |Kilembe Area | | | |EL1674 | |100.0 | |Kilembe Area | | | |EL1735 | |100.0 | |Kilembe Area | | | |EL1736 | |100.0 | |Kilembe Area | | | |EL1737 | |100.0 | |Kilembe Area | | | |EL0012 | |100.0 | | | -----------------------------
---------------------------------------------------------- |Idaho Cobalt Operations– 100% Interest owned | |--------------------------------------------------------| |Claim Name |County # |IMC # | |--------------------------------------------------------| |SUN 1 |222991 |174156 | |--------------------------------------------------------| |SUN 2 |222992 |174157 | |--------------------------------------------------------| |SUN 3 Amended |245690 |174158 | |--------------------------------------------------------| |SUN 4 |222994 |174159 | |--------------------------------------------------------| |SUN 5 |222995 |174160 | |--------------------------------------------------------| |SUN 6 |222996 |174161 | |--------------------------------------------------------| |SUN 7 |224162 |174628 | |--------------------------------------------------------| |SUN 8 |224163 |174629 | |--------------------------------------------------------| |SUN 9 |224164 |174630 | |--------------------------------------------------------| |SUN 16 Amended |245691 |177247 | |--------------------------------------------------------| |SUN 18 Amended |245692 |177249 | |--------------------------------------------------------| |Sun 19 |277457 |196394 | |--------------------------------------------------------| |SUN FRAC 1 |228059 |176755 | |--------------------------------------------------------| |SUN FRAC 2 |228060 |176756 | |--------------------------------------------------------| |TOGO 1 |228049 |176769 | |--------------------------------------------------------| |TOGO 2 |228050 |176770 | |--------------------------------------------------------| |TOGO 3 |228051 |176771 | |--------------------------------------------------------| |DEWEY FRAC Amended |248739 |177253 | |--------------------------------------------------------| |Powder 1 |269506 |190491 | |--------------------------------------------------------| |Powder 2 |269505 |190492 | |--------------------------------------------------------| |LDC-1 |224140 |174579 | |--------------------------------------------------------| |LDC-2 |224141 |174580 | |--------------------------------------------------------| |LDC-3 |224142 |174581 | |--------------------------------------------------------| |LDC-5 |224144 |174583 | |--------------------------------------------------------| |LDC-6 |224145 |174584 | |--------------------------------------------------------| |LDC-7 |224146 |174585 | |--------------------------------------------------------| |LDC-8 |224147 |174586 | |--------------------------------------------------------| |LDC-9 |224148 |174587 | |--------------------------------------------------------| |LDC-10 |224149 |174588 | |--------------------------------------------------------| |LDC-11 |224150 |174589 | |--------------------------------------------------------| |LDC-12 |224151 |174590 | |--------------------------------------------------------| |LDC-13 Amended |248718 |174591 | |--------------------------------------------------------| |LDC-14 Amended |248719 |174592 | |--------------------------------------------------------| |LDC-16 |224155 |174594 | |--------------------------------------------------------| |LDC-18 |224157 |174596 | |--------------------------------------------------------| |LDC-20 |224159 |174598 | |--------------------------------------------------------| |LDC-22 |224161 |174600 | |--------------------------------------------------------| |LDC FRAC 1 Amended |248720 |175880 | |--------------------------------------------------------| |LDC FRAC 2 Amended |248721 |175881 | |--------------------------------------------------------| |LDC FRAC 3 Amended |248722 |175882 | |--------------------------------------------------------| |LDC FRAC 4 Amended |248723 |175883 | |--------------------------------------------------------| |LDC FRAC 5 Amended |248724 |175884 | |--------------------------------------------------------| |RAM 1 |228501 |176757 | |--------------------------------------------------------| |RAM 2 |228502 |176758 | |--------------------------------------------------------| |RAM 3 |228503 |176759 | |--------------------------------------------------------| |RAM 4 |228504 |176760 | |--------------------------------------------------------| |RAM 5 |228505 |176761 | |--------------------------------------------------------| |RAM 6 |228506 |176762 | |--------------------------------------------------------| |RAM 7 |228507 |176763 | |--------------------------------------------------------| |RAM 8 |228508 |176764 | |--------------------------------------------------------| |RAM 9 |228509 |176765 | |--------------------------------------------------------| |RAM 10 |228510 |176766 | |--------------------------------------------------------| |RAM 11 |228511 |176767 | |--------------------------------------------------------| |RAM 12 |228512 |176768 | |--------------------------------------------------------| |RAM 13 Amended |245700 |181276 | |--------------------------------------------------------| |RAM 14 Amended |245699 |181277 | |--------------------------------------------------------| |RAM 15 Amended |245698 |181278 | |--------------------------------------------------------| |RAM 16 Amended |245697 |181279 | |--------------------------------------------------------| |Ram Frac 1 Amended |245696 |178081 | |--------------------------------------------------------| |Ram Frac 2 Amended |245695 |178082 | |--------------------------------------------------------| |Ram Frac 3 Amended |245694 |178083 | |--------------------------------------------------------| |Ram Frac 4 Amended |245693 |178084 | |--------------------------------------------------------| |HZ 1 |224173 |174639 | |--------------------------------------------------------| |HZ 2 |224174 |174640 | |--------------------------------------------------------| |HZ 3 |224175 |174641 | |--------------------------------------------------------| |HZ 4 |224176 |174642 | |--------------------------------------------------------| |HZ 5 |224413 |174643 | |--------------------------------------------------------| |HZ 6 |224414 |174644 | |--------------------------------------------------------| |HZ 7 |224415 |174645 | |--------------------------------------------------------| |HZ 8 |224416 |174646 | |--------------------------------------------------------| |HZ 9 |224417 |174647 | |--------------------------------------------------------| |HZ 10 |224418 |174648 | |--------------------------------------------------------| |HZ 11 |224419 |174649 | |--------------------------------------------------------| |HZ 12 |224420 |174650 | |--------------------------------------------------------| |HZ 13 |224421 |174651 | |--------------------------------------------------------| |HZ 14 |224422 |174652 | |--------------------------------------------------------| |HZ 15 |231338 |178085 | |--------------------------------------------------------| |HZ 16 |231339 |178086 | |--------------------------------------------------------| |HZ 18 |231340 |178087 | |--------------------------------------------------------| |HZ 19 |224427 |174657 | |--------------------------------------------------------| |Z 20 |224428 |174658 | |--------------------------------------------------------| |HZ 21 |224193 |174659 | |--------------------------------------------------------| |HZ 22 |224194 |174660 | |--------------------------------------------------------| |HZ 23 |224195 |174661 | |--------------------------------------------------------| |HZ 24 |224196 |174662 | |--------------------------------------------------------| |HZ 25 |224197 |174663 | |--------------------------------------------------------| |HZ 26 |224198 |174664 | |--------------------------------------------------------| |HZ 27 |224199 |174665 | |--------------------------------------------------------| |HZ 28 |224200 |174666 | |--------------------------------------------------------| |HZ 29 |224201 |174667 | |--------------------------------------------------------| |HZ 30 |224202 |174668 | |--------------------------------------------------------| |HZ 31 |224203 |174669 | |--------------------------------------------------------| |HZ 32 |224204 |174670 | |--------------------------------------------------------| |HZ FRAC |228967 |177254 | |--------------------------------------------------------| |JC 1 |224165 |174631 | |--------------------------------------------------------| |JC 2 |224166 |174632 | |--------------------------------------------------------| |JC 3 |224167 |174633 | |--------------------------------------------------------| |JC 4 |224168 |174634 | |--------------------------------------------------------| |JC 5 Amended |245689 |174635 | |--------------------------------------------------------| |JC 6 |224170 |174636 | |--------------------------------------------------------| |JC FR 7 |224171 |174637 | |--------------------------------------------------------| |JC FR 8 |224172 |174638 | |--------------------------------------------------------| |JC 9 |228054 |176750 | |--------------------------------------------------------| |JC 10 |228055 |176751 | |--------------------------------------------------------| |JC 11 |228056 |176752 | |--------------------------------------------------------| |JC-12 |228057 |176753 | |--------------------------------------------------------| |JC-13 |228058 |176754 | |--------------------------------------------------------| |JC 14 |228971 |177250 | |--------------------------------------------------------| |JC 15 |228970 |177251 | |--------------------------------------------------------| |JC 16 |228969 |177252 | |--------------------------------------------------------| |JC 17 |259006 |187091 | |--------------------------------------------------------| |JC 18 |259007 |187092 | |--------------------------------------------------------| |JC 19 |259008 |187093 | |--------------------------------------------------------| |JC 20 |259009 |187094 | |--------------------------------------------------------| |JC 21 |259010 |187095 | |--------------------------------------------------------| |JC 22 |259011 |187096 | |--------------------------------------------------------| |CHELAN NO. 1 Amended|248345 |175861 | |--------------------------------------------------------| |GOOSE 2 Amended |259554 |175863 | |--------------------------------------------------------| |GOOSE 3 |227285 |175864 | |--------------------------------------------------------| |GOOSE 4 Amended |259553 |175865 | |--------------------------------------------------------| |GOOSE 6 |227282 |175867 | |--------------------------------------------------------| |GOOSE 7 Amended |259552 |175868 | |--------------------------------------------------------| |GOOSE 8 Amended |259551 |175869 | |--------------------------------------------------------| |GOOSE 10 Amended |259550 |175871 | |--------------------------------------------------------| |GOOSE 11 Amended |259549 |175872 | |--------------------------------------------------------| |GOOSE 12 Amended |259548 |175873 | |--------------------------------------------------------| |GOOSE 13 |228028 |176729 | |--------------------------------------------------------| |GOOSE 14 Amended |259547 |176730 | |--------------------------------------------------------| |GOOSE 15 |228030 |176731 | |--------------------------------------------------------| |GOOSE 16 |228031 |176732 | |--------------------------------------------------------| |GOOSE 17 |228032 |176733 | |--------------------------------------------------------| |GOOSE 18 Amended |259546 |176734 | |--------------------------------------------------------| |GOOSE 19 Amended |259545 |176735 | |--------------------------------------------------------| |GOOSE 20 |228035 |176736 | |--------------------------------------------------------| |GOOSE 21 |228036 |176737 | |--------------------------------------------------------| |GOOSE 22 |228037 |176738 | |--------------------------------------------------------| |GOOSE 23 |228038 |176739 | |--------------------------------------------------------| |GOOSE 24 |228039 |176740 | |--------------------------------------------------------| |GOOSE 25 |228040 |176741 | |--------------------------------------------------------| |SOUTH ID 1 Amended |248725 |175874 | |--------------------------------------------------------| |SOUTH ID 2 Amended |248726 |175875 | |--------------------------------------------------------| |SOUTH ID 3 Amended |248727 |175876 | |--------------------------------------------------------| |SOUTH ID 4 Amended |248717 |175877 | |--------------------------------------------------------| |SOUTH ID 5 Amended |248715 |176743 | |--------------------------------------------------------| |SOUTH ID 6 Amended |248716 |176744 | |--------------------------------------------------------| |South ID 7 |306433 |218216 | |--------------------------------------------------------| |South ID 8 |306434 |218217 | |--------------------------------------------------------| |South ID 9 |306435 |218218 | |--------------------------------------------------------| |South ID 10 |306436 |218219 | |--------------------------------------------------------| |South ID 11 |306437 |218220 | |--------------------------------------------------------| |South ID 12 |306438 |218221 | |--------------------------------------------------------| |South ID 13 |306439 |218222 | |--------------------------------------------------------| |South ID 14 |306440 |218223 | |--------------------------------------------------------| |OMS-1 |307477 |218904 | |--------------------------------------------------------| |Chip 1 |248956 |184883 | |--------------------------------------------------------| |Chip 2 |248957 |184884 | |--------------------------------------------------------| |Chip 3 Amended |277465 |196402 | |--------------------------------------------------------| |Chip 4 Amended |277466 |196403 | |--------------------------------------------------------| |Chip 5 Amended |277467 |196404 | |--------------------------------------------------------| |Chip 6 Amended |277468 |196405 | |--------------------------------------------------------| |Chip 7 Amended |277469 |196406 | |--------------------------------------------------------| |Chip 8 Amended |277470 |196407 | |--------------------------------------------------------| |Chip 9 Amended |277471 |196408 | |--------------------------------------------------------| |Chip 10 Amended |277472 |196409 | |--------------------------------------------------------| |Chip 11 Amended |277473 |196410 | |--------------------------------------------------------| |Chip 12 Amended |277474 |196411 | |--------------------------------------------------------| |Chip 13 Amended |277475 |196412 | |--------------------------------------------------------| |Chip 14 Amended |277476 |196413 | |--------------------------------------------------------| |Chip 15 Amended |277477 |196414 | |--------------------------------------------------------| |Chip 16 Amended |277478 |196415 | |--------------------------------------------------------| |Chip 17 Amended |277479 |196416 | |--------------------------------------------------------| |Chip 18 Amended |277480 |196417 | |--------------------------------------------------------| |Sun 20 |306042 |218133 | |--------------------------------------------------------| |Sun 21 |306043 |218134 | |--------------------------------------------------------| |Sun 22 |306044 |218135 | |--------------------------------------------------------| |Sun 23 |306045 |218136 | |--------------------------------------------------------| |Sun 24 |306046 |218137 | |--------------------------------------------------------| |Sun 25 |306047 |218138 | |--------------------------------------------------------| |Sun 26 |306048 |218139 | |--------------------------------------------------------| |Sun 27 |306049 |218140 | |--------------------------------------------------------| |Sun 28 |306050 |218141 | |--------------------------------------------------------| |Sun 29 |306051 |218142 | |--------------------------------------------------------| |Sun 30 |306052 |218143 | |--------------------------------------------------------| |Sun 31 |306053 |218144 | |--------------------------------------------------------| |Sun 32 |306054 |218145 | |--------------------------------------------------------| |Sun 33 |306055 |218146 | |--------------------------------------------------------| |Sun 34 |306056 |218147 | |--------------------------------------------------------| |Sun 35 |306057 |218148 | |--------------------------------------------------------| |Sun 36 |306058 |218149 | |--------------------------------------------------------| |Chip 21 Fraction |306059 |218113 | |--------------------------------------------------------| |Chip 22 Fraction |306060 |218114 | |--------------------------------------------------------| |Chip 23 |306025 |218115 | |--------------------------------------------------------| |Chip 24 |306026 |218116 | |--------------------------------------------------------| |Chip 25 |306027 |218117 | |--------------------------------------------------------| |Chip 26 |306028 |218118 | |--------------------------------------------------------| |Chip 27 |306029 |218119 | |--------------------------------------------------------| |Chip 28 |306030 |218120 | |--------------------------------------------------------| |Chip 29 |306031 |218121 | |--------------------------------------------------------| |Chip 30 |306032 |218122 | |--------------------------------------------------------| |Chip 31 |306033 |218123 | |--------------------------------------------------------| |Chip 32 |306034 |218124 | |--------------------------------------------------------| |Chip 33 |306035 |218125 | |--------------------------------------------------------| |Chip 34 |306036 |218126 | |--------------------------------------------------------| |Chip 35 |306037 |218127 | |--------------------------------------------------------| |Chip 36 |306038 |218128 | |--------------------------------------------------------| |Chip 37 |306039 |218129 | |--------------------------------------------------------| |Chip 38 |306040 |218130 | |--------------------------------------------------------| |Chip 39 |306041 |218131 | |--------------------------------------------------------| |Chip 40 |307491 |218895 | |--------------------------------------------------------| |DRC NW 1 |307492 |218847 | |--------------------------------------------------------| |DRC NW 2 |307493 |218848 | |--------------------------------------------------------| |DRC NW 3 |307494 |218849 | |--------------------------------------------------------| |DRC NW 4 |307495 |218850 | |--------------------------------------------------------| |DRC NW 5 |307496 |218851 | |--------------------------------------------------------| |DRC NW 6 |307497 |218852 | |--------------------------------------------------------| |DRC NW 7 |307498 |218853 | |--------------------------------------------------------| |DRC NW 8 |307499 |218854 | |--------------------------------------------------------| |DRC NW 9 |307500 |218855 | |--------------------------------------------------------| |DRC NW 10 |307501 |218856 | |--------------------------------------------------------| |DRC NW 11 |307502 |218857 | |--------------------------------------------------------| |DRC NW 12 |307503 |218858 | |--------------------------------------------------------| |DRC NW 13 |307504 |218859 | |--------------------------------------------------------| |DRC NW 14 |307505 |218860 | |--------------------------------------------------------| |DRC NW 15 |307506 |218861 | |--------------------------------------------------------| |DRC NW 16 |307507 |218862 | |--------------------------------------------------------| |DRC NW 17 |307508 |218863 | |--------------------------------------------------------| |DRC NW 18 |307509 |218864 | |--------------------------------------------------------| |DRC NW 19 |307510 |218865 | |--------------------------------------------------------| |DRC NW 20 |307511 |218866 | |--------------------------------------------------------| |DRC NW 21 |307512 |218867 | |--------------------------------------------------------| |DRC NW 22 |307513 |218868 | |--------------------------------------------------------| |DRC NW 23 |307514 |218869 | |--------------------------------------------------------| |DRC NW 24 |307515 |218870 | |--------------------------------------------------------| |DRC NW 25 |307516 |218871 | |--------------------------------------------------------| |DRC NW 26 |307517 |218872 | |--------------------------------------------------------| |DRC NW 27 |307518 |218873 | |--------------------------------------------------------| |DRC NW 28 |307519 |218874 | |--------------------------------------------------------| |DRC NW 29 |307520 |218875 | |--------------------------------------------------------| |DRC NW 30 |307521 |218876 | |--------------------------------------------------------| |DRC NW 31 |307522 |218877 | |--------------------------------------------------------| |DRC NW 32 |307523 |218878 | |--------------------------------------------------------| |DRC NW 33 |307524 |218879 | |--------------------------------------------------------| |DRC NW 34 |307525 |218880 | |--------------------------------------------------------| |DRC NW 35 |307526 |218881 | |--------------------------------------------------------| |DRC NW 36 |307527 |218882 | |--------------------------------------------------------| |DRC NW 37 |307528 |218883 | |--------------------------------------------------------| |DRC NW 38 |307529 |218884 | |--------------------------------------------------------| |DRC NW 39 |307530 |218885 | |--------------------------------------------------------| |DRC NW 40 |307531 |218886 | |--------------------------------------------------------| |DRC NW 41 |307532 |218887 | |--------------------------------------------------------| |DRC NW 42 |307533 |218888 | |--------------------------------------------------------| |DRC NW 43 |307534 |218889 | |--------------------------------------------------------| |DRC NW 44 |307535 |218890 | |--------------------------------------------------------| |DRC NW 45 |307536 |218891 | |--------------------------------------------------------| |DRC NW 46 |307537 |218892 | |--------------------------------------------------------| |DRC NW 47 |307538 |218893 | |--------------------------------------------------------| |DRC NW 48 |307539 |218894 | |--------------------------------------------------------| |EBatt 1 |307483 |218896 | |--------------------------------------------------------| |EBatt 2 |307484 |218897 | |--------------------------------------------------------| |EBatt 3 |307485 |218898 | |--------------------------------------------------------| |EBatt 4 |307486 |218899 | |--------------------------------------------------------| |EBatt 5 |307487 |218900 | |--------------------------------------------------------| |EBatt 6 |307488 |218901 | |--------------------------------------------------------| |EBatt 7 |307489 |218902 | |--------------------------------------------------------| |EBatt 8 |307490 |218903 | |--------------------------------------------------------| |OMM-1 |307478 |218905 | |--------------------------------------------------------| |OMM-2 |307479 |218906 | |--------------------------------------------------------| |OMN-2 |307481 |218908 | |--------------------------------------------------------| |OMN-3 |307482 |218909 | |--------------------------------------------------------| |BTG-1 |307471 |218910 | |--------------------------------------------------------| |BTG-2 |307472 |218911 | |--------------------------------------------------------| |BTG-3 |307473 |218912 | |--------------------------------------------------------| |BTG-4 |307474 |218913 | |--------------------------------------------------------| |BTG-5 |307475 |218914 | |--------------------------------------------------------| |BTG-6 |307476 |218915 | |--------------------------------------------------------| |NFX 17 |307230 |218685 | |--------------------------------------------------------| |NFX 18 |307231 |218686 | |--------------------------------------------------------| |NFX 19 |307232 |218687 | |--------------------------------------------------------| |NFX 20 |307233 |218688 | |--------------------------------------------------------| |NFX 21 |307234 |218689 | |--------------------------------------------------------| |NFX 22 |307235 |218690 | |--------------------------------------------------------| |NFX 23 |307236 |218691 | |--------------------------------------------------------| |NFX 24 |307237 |218692 | |--------------------------------------------------------| |NFX 25 |307238 |218693 | |--------------------------------------------------------| |NFX 30 |307243 |218698 | |--------------------------------------------------------| |NFX 31 |307244 |218699 | |--------------------------------------------------------| |NFX 32 |307245 |218700 | |--------------------------------------------------------| |NFX 33 |307246 |218701 | |--------------------------------------------------------| |NFX 34 |307247 |218702 | |--------------------------------------------------------| |NFX 35 |307248 |218703 | |--------------------------------------------------------| |NFX 36 |307249 |218704 | |--------------------------------------------------------| |NFX 37 |307250 |218705 | |--------------------------------------------------------| |NFX 38 |307251 |218706 | |--------------------------------------------------------| |NFX 42 |307255 |218710 | |--------------------------------------------------------| |NFX 43 |307256 |218711 | |--------------------------------------------------------| |NFX 44 |307257 |218712 | |--------------------------------------------------------| |NFX 45 |307258 |218713 | |--------------------------------------------------------| |NFX 46 |307259 |218714 | |--------------------------------------------------------| |NFX 47 |307260 |218715 | |--------------------------------------------------------| |NFX 48 |307261 |218716 | |--------------------------------------------------------| |NFX 49 |307262 |218717 | |--------------------------------------------------------| |NFX 50 |307263 |218718 | |--------------------------------------------------------| |NFX 56 |307269 |218724 | |--------------------------------------------------------| |NFX 57 |307270 |218725 | |--------------------------------------------------------| |NFX 58 |307271 |218726 | |--------------------------------------------------------| |NFX 59 |307272 |218727 | |--------------------------------------------------------| |NFX 60 Amended |307558 |218728 | |--------------------------------------------------------| |NFX 61 |307274 |218729 | |--------------------------------------------------------| |NFX 62 |307275 |218730 | |--------------------------------------------------------| |NFX 63 |307276 |218731 | |--------------------------------------------------------| |NFX 64 |307277 |218732 | |--------------------------------------------------------| | | | | |--------------------------------------------------------| |OMN-1 revised |315879 |228322 | ----------------------------------------------------------
---------------------------------------- |Black Pine– 100% Interest Owned | |--------------------------------------| |Claim Name |Book&Page |IMC # | | |County # | | |--------------------------------------| |NOAH #1 |304761 |217757 | | | | | |--------------------------------------| |NOAH #2 |304762 |217758 | |--------------------------------------| |NOAH #3 |304763 |217759 | |--------------------------------------| |NOAH #4 |304764 |217760 | |--------------------------------------| |NOAH #5 |304765 |217761 | |--------------------------------------| |NOAH #6 |304766 |217762 | |--------------------------------------| |NOAH #7 |304767 |217763 | |--------------------------------------| |NOAH #8 |304768 |217764 | |--------------------------------------| |NOAH #9 |304769 |217765 | |--------------------------------------| |NOAH #10 |304770 |217766 | |--------------------------------------| |NOAH #11 Amended|305804 |218081 | |--------------------------------------| |NOAH #12 |305803 |218082 | |--------------------------------------| |NOAH #13 FRAC |305802 |218083 | |--------------------------------------| |NOAH #14 |305805 |218084 | |--------------------------------------| |NOAH #15 |305806 |218085 | |--------------------------------------| |NOAH #16 |305807 |218086 | |--------------------------------------| |NOAH #17 |305808 |218087 | |--------------------------------------| |NOAH #18 |305809 |218088 | |--------------------------------------| |NOAH #19 |305810 |218089 | |--------------------------------------| |NOAH #20 |305811 |218090 | |--------------------------------------| |NOAH #21 |305812 |218091 | |--------------------------------------| |NOAH #22 |305813 |218092 | |--------------------------------------| |NOAH #23 |305814 |218093 | ----------------------------------------
Appendix 5B
Mining exploration entity or oil and gas exploration entity
quarterly cash flow report
------------------------------------------------ |Name of entity | |----------------------------------------------| |Jervois Mining Limited | |----------------------------------------------| |ABN | |Quarter ended (“current| | | |quarter”) | |----------------------------------------------| |52 007 626 575| |31 December 2020 | ------------------------------------------------
----------------------------------------------------------------------------- |Consolidated | |Year to date | |statement |Current |(6 | |of cash |quarter$A’000|months)$A’000| |flows | | | |---------------------------------------------------------------------------| |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 |(429) |(686) | |---------------------------------------------------------------------------| | |(e)administration and corporate costs |(1,158) |(2,046) | |---------------------------------------------------------------------------| |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 |Government grants and tax incentives |25 |1,587 | |---------------------------------------------------------------------------| |1.8 |Other |43 |68 | |---------------------------------------------------------------------------| |1.9 |Net cash from / (used |(1,519) |(1,077) | | |in) operating | | | | |activities | | | -----------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------- | | |------------------------------------------------------------------------------------------------------| |2. |Cash flows from investing activities |- -- | |--------------------------------------------------------------------------------------| | | |2.1 |Payments to acquire or for: | | | |--------------------------------------------------------------------------------------| | | | |(a)entities | | | |------------------------------------------------------------------------------------------------------| | |(b)tenements |- -- | |------------------------------------------------------------------------------------------------------| | |(c)property, plant and equipment– incl. assets under construction |(1,006)|(1,007)| |------------------------------------------------------------------------------------------------------| | |(d)exploration&evaluation |(505) |(1,592)| |------------------------------------------------------------------------------------------------------| | |(e)investments |- -- | |------------------------------------------------------------------------------------------------------| | |(f)other non-current assets |(162) |(162) | |------------------------------------------------------------------------------------------------------| |2.2 |Proceeds from the disposal of: |- -- | |--------------------------------------------------------------------------------------| | | | |(a)entities | | | |------------------------------------------------------------------------------------------------------| | |(b)tenements |- -- | |------------------------------------------------------------------------------------------------------| | |(c)property, plant and equipment |- -- | |------------------------------------------------------------------------------------------------------| | |(d)investments |- |173 | |------------------------------------------------------------------------------------------------------| | |(e)other non-current assets |- -- | |------------------------------------------------------------------------------------------------------| |2.3 |Cash flows from loans to other entities |- -- | |------------------------------------------------------------------------------------------------------| |2.4 |Dividends received (see note 3) |- -- | |------------------------------------------------------------------------------------------------------| |2.5 |Other– SMP Refinery Purchase Tranche 1 |(3,910)|(3,910)| |------------------------------------------------------------------------------------------------------| |2.6 |Net cash from / (used in) investing activities |(5,583)|(6,498)| |------------------------------------------------------------------------------------------------------| | | |------------------------------------------------------------------------------------------------------| |3. |Cash flows from financing activities |45,000 |45,000 | |--------------------------------------------------------------------------------------| | | |3.1 |Proceeds from issues of equity securities (excluding convertible debt securities)| | | |------------------------------------------------------------------------------------------------------| |3.2 |Proceeds from issue of convertible debt securities |- -- | |------------------------------------------------------------------------------------------------------| |3.3 |Proceeds from exercise of options |70 |309 | |------------------------------------------------------------------------------------------------------| |3.4 |Transaction costs related to issues of |(990) |(990) | | |equity 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 activities |44,080 |44,319 | |------------------------------------------------------------------------------------------------------| | | |------------------------------------------------------------------------------------------------------| |4. |Net increase / (decrease) in cash and cash equivalents for the period | | | |------------------------------------------------------------------------------------------------------| |4.1 |Cash and cash equivalents at beginning of period |5,407 |5,663 | |------------------------------------------------------------------------------------------------------| |4.2 |Net cash from / (used in) operating activities (item 1.9 above) |(1,519)|(1,077)| |------------------------------------------------------------------------------------------------------| |4.3 |Net cash from / (used in) investing activities (item 2.6 above) |(5,583)|(6,498)| |------------------------------------------------------------------------------------------------------| |4.4 |Net cash from / (used in) financing activities (item 3.10 above) |44,080 |44,319 | |------------------------------------------------------------------------------------------------------| |4.5 |Effect of movement in exchange rates on cash held |(54) |(76) | |------------------------------------------------------------------------------------------------------| |4.6 |Cash and cash equivalents at end of period |42,331 |42,331 | --------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------- |5. |Reconciliation of cash and cash equivalentsat the end of the quarter (as shown|Current |Previous | | |in the consolidated statement of cash flows) to the related items in the |quarter$A’000|quarter$A’000| | |accounts | | | |--------------------------------------------------------------------------------------------------------------| |5.1|Bank balances |42,331 |5,407 | |--------------------------------------------------------------------------------------------------------------| |5.2|Call deposits |- -- | |--------------------------------------------------------------------------------------------------------------| |5.3|Bank overdrafts |- -- | |--------------------------------------------------------------------------------------------------------------| |5.4|Other (provide details) |- -- | |--------------------------------------------------------------------------------------------------------------| |5.5|Cash and cash equivalents at end of quarter (should equal item 4.6 above) |42,331 |5,407 | ----------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------- |6. |Payments to related parties of the entity and their associates|Current quarter$A| |-----------------------------------------------------------------------------------------| |6.1 |Aggregate amount of payments to related |262 | | |parties and their associates included in | | | |item 1 | | |-----------------------------------------------------------------------------------------| |6.2 |Aggregate amount of payments to related |83 | | |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. | -------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |7. |Financing facilitiesNote: the term“facility’ includes all forms of financing arrangements available |Total facility amount at quarter end$A’000 |Amount drawn at quarter end$A’000 | | |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) |104 |104 | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |7.4|Total financing facilities |104 |104 | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |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. | | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | |Other - US government loan outstanding relating to Covid-19 stimulus payroll protection, for which forgiveness requirements have already been met. | | | | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |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|(Payments forexploration&evaluation classified as investing activities)(item 2.1(d)) |(505) | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |8.3|Total relevant outgoings (item 8.1 + item 8.2) |(2,024) | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |8.4|Cash and cash equivalents at quarter end (item 4.6) |42,331 | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |8.5|Unused finance facilities available at quarter end (item 7.5) |- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |8.6|Total available funding (item 8.4 + item 8.5) |42,331 | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |8.7|Estimated quarters of funding available (item 8.6 divided by item 8.3) |20.91 | | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | |Note: if the entity has reported positive relevant | | |outgoings (i.e., a net cash inflow) in item 8.3, | | |answer item 8.7 as “N/A”. Otherwise, a figure for | | |the estimated quarters of funding available must be | | |included in item 8.7. | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| |8.8|If item 8.7 is less than 2 quarters, please provide answers to the following questions: | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | |8.8.1 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? | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | |Answer: | | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | |8.8.2 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? | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | |Answer: | | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | |8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | |Answer: | | | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | |Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered. | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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.
Date:
Authorised by:
(
Notes
1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity’s activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.
2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of,AASB 6: Exploration for and Evaluation of Mineral ResourcesandAASB 107: Statement of Cash Flowsapply to this report. If this quarterly cash flow 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.
4. If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [name of board committee–e.g.,
5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council’sCorporate Governance Principles and Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.
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