Fourth Quarter Cashflow Report
Released
Released
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
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