Minotaur Exploration : Quarterly Cashflow Report Ending 31 December 2015

7e5eebcb-495f-45f2-ae2e-8a64b448e1c5.pdf 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, 01/05/2013

Name of entity

MINOTAUR EXPLORATION LTD

ABN Quarter ended ("current quarter")

35 108 483 601

31 December 2015

Consolidated statement of cash flows

Cash flows related to operating activities Receipts from product sales and related debtors Payments for (a) exploration & evaluation development production administration Dividends received Interest and other items of a similar nature received Interest and other costs of finance paid Income taxes paid Other (Joint Venture Receipts) Other (R&D Tax Offset) Other (PACE Funding Received) Net Operating Cash Flows	Current quarter $A'000	Year to date (6 months) $A'000
	(1,203) (327) 15 437 988 18	(2,612) (673) 31 (1) 762 988 18
	(72)	(1,487)
Cash flows related to investing activities Payment for purchases of: (a) prospects equity investments other fixed assets Proceeds from sale of: (a) prospects equity investments other fixed assets Loans to other entities Loans repaid by other entities Other Total operating and investing cash flows (carried forward) Net investing cash flows	(17)	(50)
		(77)
	(4)	(4)
	638	638
		38
	617	545
	545	(942)

1.13 Total operating and investing cash flows (brought forward)		545	(942)
Cash flows related to financing activities Proceeds from issues of shares, options, etc. Proceeds from sale of forfeited shares Proceeds from borrowings Repayment of borrowings Dividends paid Other: Share issue expenses Funds received for conversion into equity in subsidiary Net financing cash flows		1,575	1,575
		(3)	(6)
		(31)	(31)
			153
		1,541	1,691
Net increase (decrease) in cash held	2,086	749
1.20	Cash at beginning of quarter/year to date	2,829	4,166
1.21	Exchange rate adjustments to item 1.20
1.22	Cash at end of quarter	4,915	4,915

Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities

Current quarter

$A'000

1. Aggregate amount of payments to the parties included in item 1.2 170

2. Aggregate amount of loans to the parties included in item 1.10

3. Explanation necessary for an understanding of the transactions

Directors' fees, salary payments and superannuation.

Non-cash financing and investing activities

1. Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

   
   

2. Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

Financing facilities available

Add notes as necessary for an understanding of the position.

Amount available $A'000	Amount used $A'000
392	392

1. Loan facilities

   
   

2. Credit standby arrangements

Estimated cash outflows for next quarter

Exploration and evaluation (net after JV recoveries) Development R&D Tax Offset reversal Administration	$A'000
	1,000
	360
	240
Total	1,600

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	Current quarter $A'000	Previous quarter $A'000
Cash on hand and at bank Deposits at call Bank overdraft Other (provide details)	3,930	1,549
	985	1,280
Total: cash at end of quarter (item 1.22)	4,915	2,829

Changes in interests in mining tenements and petroleum tenements

Tenement reference	Nature of interest (note (2))	Interest at beginning of quarter	Interest at end of quarter
EPM8608 EPM16975 EPM19530 EPM18861 EPM18802 EPM18068 EPM17286 EPM19412 EL5402 P 29/02105 M 36/502 M 36/511 M 36/524 M 36/526 M 37/878 P 37/7372 P 37/7373	Equitable interest decreased Equitable interest decreased Equitable interest decreased Equitable interest decreased Equitable interest decreased Equitable interest decreased Equitable interest decreased Equitable interest decreased Tenement surrendered Tenement surrendered Tenement surrendered Tenement surrendered Tenement surrendered Tenement surrendered Tenement surrendered Tenement surrendered Tenement surrendered	42.4% 42.4% 42.4% 42.4% 42.4% 42.4% 42.4% 42.4% 100% 50% 100% 100% 100% 100% 100% 100% 100%	42.1% 42.1% 42.1% 42.1% 42.1% 42.1% 42.1% 42.1% 0% 0% 0% 0% 0% 0% 0% 0% 0%
EPM25960	Tenement Granted	0%	100%
E 29/00661	Equitable interest increased	50%	60%
E 29/00886	Equitable interest increased	50%	60%
M 24/279	Equitable interest increased	50%	60%
M 24/336	Equitable interest increased	50%	60%
M 29/245	Equitable interest increased	50%	60%
M 29/246	Equitable interest increased	50%	60%
P 29/02117	Equitable interest increased	50%	60%
P 29/02118	Equitable interest increased	50%	60%
P 29/02119	Equitable interest increased	50%	60%
P 29/02120	Equitable interest increased	50%	60%
P 29/02121	Equitable interest increased	50%	60%

1. Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed

   
   

   
   

2. Interests in mining tenements and petroleum tenements acquired or increased