Announcement PDF Appendix 5B Mining exploration entity quarterly report Rule 5.3 Appendix 5B Mining exploration entity quarterly report Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98 Name of entity ADELAIDE RESOURCES LIMITED ACN or ARBN Quarter ended (“current quarter”) ACN 061 503 375 30 JUNE 2015 Consolidated statement of cash flows Cash flows related to operating activities Current quarter $A'000 Year to Date (12 months) $A'000 0 (1,476) 0 0 (953) 0 52 0 0 393 1.1 1.2 Receipts from product sales and related debtors Payments for (a) exploration and evaluation (b) development (c) production (d) administration 1.3 1.4 1.5 1.6 1.7 Dividends received Interest and other items of a similar nature received Interest and other costs of finance paid Income taxes paid Other – Research and Development refund 0 (565) 0 0 (230) 0 12 0 0 231 Net Operating Cash Flows (552) (1,984) Cash flows related to investing activities Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets Loans to other entities Loans repaid by other entities Other (provide details if material) Net investing cash flows Total operating and investing cash flows (carried forward) 0 0 0 0 0 0 0 0 0 0 (552) 0 0 0 0 0 150 0 0 0 150 (1,834) 1.8 1.9 1.10 1.11 1.12 1.13 + See chapter 19 for defined terms. Appendix 5B Page 1 Appendix 5B Mining exploration entity quarterly report 1.13 (552) (1,834) 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 – capital raising expenses 0 0 0 0 0 (3) 2,237 0 0 0 0 (168) Net financing cash flows (3) 2,069 Net increase (decrease) in cash held (555) 235 1.20 1.21 Cash at beginning of quarter/year to date Exchange rate adjustments to item 1.20 2,166 1,376 1.22 Cash at end of quarter 1,611 1,611 1.14 1.15 1.16 1.17 1.18 1.19 Total operating and investing cash flows (brought forward) Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities 1.23 Aggregate amount of payments to the parties included in item 1.2 Current quarter $A’000 169 1.24 Aggregate amount of loans to the parties included in item 1.10 0 1.25 Explanation necessary for an understanding of the transactions Amount of $168,691 at 1.23 comprises salaries, director fees and consulting fees paid to directors or related corporations of directors of the Company during the quarter. Non-cash financing and investing activities 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows None 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest Expenditure during the quarter by joint venture parties on tenements in which the Company has an interest, including expenditure by co-venturers on projects not managed by Adelaide Resources Limited, amounted to $165,000. + See chapter 19 for defined terms. Appendix 5B Page 2 Appendix 5B Mining exploration entity quarterly report Financing facilities available Add notes as necessary for an understanding of the position. 3.1 Loan facilities 3.2 Credit standby arrangements Amount available $A'000 Nil Amount used $A'000 Nil Nil Nil Estimated cash outflows for next quarter $A'000 560 4.1 Exploration and evaluation 4.2 Development 0 4.3 Production 0 4.2 Administration 250 Total 810 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. 5.1 Cash on hand and at bank Current quarter $A'000 Previous quarter $A'000 1,111 666 5.2 Deposits at call 500 1,500 5.3 Bank overdraft 0 0 5.4 Other (provide details) 0 0 1,611 2,166 Total: cash at end of quarter (item 1.22) Changes in interests in mining tenements 6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased Tenement reference Nature of interest (note (2)) EL 4781 EL 4969 Beneficial Holder Beneficial Holder Interest at beginning of quarter 90% 100% Interest at end of quarter 0% 0% Nil + See chapter 19 for defined terms. Appendix 5B Page 3 Appendix 5B Mining exploration entity quarterly report Issued and quoted securities at end of current quarter Description includes rate of interest and any redemption or conversion rights together with prices and dates. Total number 7.1 7.2 7.3 7.4 7.5 7.6 7.7 7.8 7.9 7.10 7.11 7.12 Preference +securities (description) Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buybacks, redemptions +Ordinary securities Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted, cancelled +Convertible debt securities (description) Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted Options (description and conversion factor) Issued during quarter Exercised during quarter Expired during quarter Cancelled during quarter Debentures (totals only) Unsecured notes (totals only) + See chapter 19 for defined terms. Appendix 5B Page 4 Number quoted Issue price per security (see note 3) (cents) Amount paid up per security (see note 3) (cents) Nil Nil 304,545,685 ordinary shares 304,545,685 ordinary shares Fully Paid 750,000 performance rights - - Nil Nil Nil 37,222,104 Nil Nil Nil Nil Nil Nil 37,222,104 $0.05 30 September 2016 Appendix 5B Mining exploration entity quarterly report Compliance statement 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Law or other standards acceptable to ASX (see note 4). 2 This statement does give a true and fair view of the matters disclosed. Sign here: Print name: Nick Harding Date: 13 July 2015 Company Secretary Notes 1 The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report. 2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2. 3 Issued and quoted securities. The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities. 4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report. 5 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with. + See chapter 19 for defined terms. Appendix 5B Page 5 SCHEDULE OF TENEMENTS AS AT 30 JUNE 2015 Project Tenement Tenement Name Area km2 Registered Holder or Applicant Nature of Company's Interest % EL 5381 Pinkawillinie 186 Peninsula Resources Ltd¹ 100% EL 5419 Thurlga 332 Peninsula Resources Ltd 100% EL 5120 Corrobinnie 1643 Peninsula Resources Ltd 100% EL 5615 Wudinna Hill 42 Peninsula Resources Ltd 100% EL 5092 Minnipa 184 Peninsula Resources Ltd 100% EL 4968 Waddikee Rocks 466 Peninsula Resources Ltd 100% EL 5064 Verran 174 Peninsula Resources Ltd and Olliver Geological Services 90% - option to acquire 100% from Olliver Geological Services Pty Ltd EL 5350 Acraman 96 Peninsula Resources Ltd 100% EL 5521 Poolgara 520 Peninsula Resources Ltd 100% EL 4961 Moonta-Wallaroo 713 Peninsula Resources Ltd 100% EL 4961 Moonta Porphyry 106 Peninsula Resources Ltd 90% - option to acquire 100% from Minotaur Exploration Limited EL 27292 Rover North 39 Adelaide Exploration Pty Ltd² 100% (Franco-Nevada retain 70% buyback right) SEL 27372 Rover SEL 248 Adelaide Exploration Pty Ltd 100% (Franco-Nevada retain 70% buyback right) EPM 18090 Glenroy 196 Adelaide Exploration Pty Ltd 100% EPM 25660 Gunthorpe 74 Adelaide Exploration Pty Ltd 100% South Australia Eyre Peninsula Project Moonta Copper Gold Project Northern Territory Rover Project Queensland Drummond Gold Project 1 2 Peninsula Resources Limited (incorporated 18 May 2007) is a wholly-owned subsidiary of Adelaide Resources Limited Adelaide Exploration Pty Ltd (incorporated 13 July 2001) is a wholly-owned subsidiary of Adelaide Resources Limited