Quarterly Activities/Appendix 5B Cash Flow Report
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
29 APRIL 2025
REPORT ON ACTIVITIES FOR
THE QUARTER ENDED
31 MARCH 2025
(ASX: FEG)
FAR EAST GOLD LTD ACN 639 887 219
WWW.FAREAST.GOLD
ASX ANNOUNCEMENT MARCH 2025 QUARTERLY EXPLORATION UPDATE
Far East Gold Ltd (‘FEG’ or ‘the ‘’Company’) is pleased to provide an update of exploration and work activities completed on its
portfolio of Indonesian and Australian projects during the Quarter ending 31 March 2025.
HIGHLIGHTS:
-
Drill rig shipped to Idenburg. Arrived in Jayapura port on 24 April 2025 and mobilized to in-situ site drill pads, Drilling
planned to commence towards the end of May.
-
Receipt of A$4,783,449.60 from the Company’s Strategic investor Xingye Gold Hong Kong Mining Company (Xingye)
totaling a contribution of A$14,673,757.60, to acquire a 19.99% stake of the Company.
-
Development of exploration and drill plans for Idenburg. Comprising a 3,670m, the 32-hole diamond drill program is
intended to build upon the reported 540,000oz @ 4.1 g/t JORC-compliant inferred gold resource.
-
A detailed structural evaluation of the Idenburg Contract of Work (CoW), by Murphy Geological Services was initiated. The
work will define the principle structural features regionally and within the CoW and identify controls to gold mineralisation
that can be targeted as part of future expanded drilling to support the Company’s intentions to build upon the Maiden JORC
Resource.
-
Development of exploration and drill plans for Trenggalek. The 5,740m, 18-hole drill program is intended to test 3 copper
porphyry targets and one gold epithermal prospect area. Refer to the Company announcement of 10 March 2025.
-
New Discovery. Completion of a comprehensive surface mapping and rock chip sampling program at Idenburg which led
to a new discovery zone named “East Bermol” (see announcement 9 March 2025).
-
Please join CEO Shane Menere and General Manager of Exploration Michael Corey for a Company Update and planned
activities for 2025 on Thursday 1 May @ 12pm AEST. Register for the webinar and ask questions in advance via the link
shown: https://fareast.gold/webinars/WrAk4y-feg-company-update-webinar-may-2025
Commenting on the March quarter activities, Chief Executive Officer Shane Menere said:
“During the quarter we were delighted with the response and overwhelming support from community and government at FEG’s
projects. Significant advancements to ready the ground and community for drilling have been made at Idenburg with the
objective being to provide the Company with a near-term development project that can be advanced together with our strategic
partners. The Company plans to execute its drilling campaign during the second and third quarters, with the specific intention
of increasing the already impressive JORC Resource estimate of 540,000 ounces of gold at a grade of 4.1 g/t, being derived
from only 3 of the known 15 prospect areas which represent approx. 30% of the Idenburg project.
The Company has also made significant advances with its social license at its Trenggalek project and has fully defined its
Phase 1 drilling program to test 3 x porphyry systems and one epithermal gold system. The Company plans to commence this
advanced exploration during the second and third quarters of 2025.”
FAR EAST GOLD ASX ANNOUNCEMENT
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ASX
ASXANNOUNCEMENT
ANNOUNCEMENT- ASX ANNOUNCEMENT MARCH
DECEMBER
2025 QUARTERLY
2024 QUARTERLY
EXPLORATION
EXPLORATION
UPDATE
UPDATE
MARCH 2025 QUARTERLY EXPLORATION UPDATE
Figure 1: Map showing location of FEG projects in Indonesia and Australia.
INDONESIAN PROJECT ACTIVITIES
IDENBURG GOLD PROJECT - WEST PAPUA PROVINCE, INDONESIA
Idenburg is 95,280 Ha 6th generation CoW located in the same province hosting world class multi-million-ounce gold and
copper deposits including Grasberg (+70 Moz Au), Porgera (+7 Moz Au), Frieda River (20 Moz Au) and Ok Tedi (20 Moz Au).
It is an advanced project with over US$25M in historical exploration including over 5,531 meters of diamond drilling. Of the 15
prospect areas identified only 5 prospects have been drill tested, focused within 3 main prospects, (5,042 meters). The
mineralized zones intersected at each of these three prospects remain open along strike and to depth. Only 30% of the CoW
has been explored in detail.
FAR EAST GOLD ASX ANNOUNCEMENT
3
ASX ANNOUNCEMENT ASX ANNOUNCEMENT MARCH 2025 QUARTERLY EXPLORATION UPDATE
MARCH 2025 QUARTERLY EXPLORATION UPDATE
Table 1: Mineral Resource table as estimated by SMGC based on historical exploration data using a cut-off grade of
0.1 g/t Au with no grade capping applied to the IMI historical assays. Refer to Company ASX announcement of 16
December 2024 for specific details of the methodology used for the independent SMGC resource estimate.
An ‘Inferred Mineral Resource’ is that part of a Mineral Resource for which quantity and grade (or quality)
are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to
imply but not verify geological and grade (or quality) continuity. It is based on exploration, sampling and
testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits,
workings and drill holes. An Inferred Mineral Resource has a lower level of confidence than that applying to
an Indicated Mineral Resource and must not be converted to an Ore Reserve. It is reasonably expected that
the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued
exploration.
Figure 2: Map showing prospect and resource areas within the Idenburg COW tenement. The planned holes will attempt to
expand current defined gold resources within the Sua and Bermol prospect areas and complete initial drilling at the Kwaplu
prospect area southwest of Sua.
The Company will complete a 20 hole, 2,670m program to infill and expand the resources at the Sua, Bermol and other priority
target areas identified. The planned holes will test defined zones along strike and to depth to expand the current areas of resource
and complete several infill holes to upgrade the resources to indicated and measured. The holes will also provide composite
material for advanced metallurgical test work to further understand mineral recoveries. Refer to ASX announcements of 10 and
27 March 2025.
FAR EAST GOLD ASX ANNOUNCEMENT
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ASX ANNOUNCEMENT ASX ANNOUNCEMENT MARCH 2025 QUARTERLY EXPLORATION UPDATE
MARCH 2025 QUARTERLY EXPLORATION UPDATE
The Company will also complete a 12 hole, 1,000m program initial scout drilling at the Kwaplu prospect area at Idenburg. The
prospect area is host to a large gold-in-soil geochemical anomaly and detailed mapping is underway to define drill targets. No
previous drilling at Kwaplu has been done.
Sua Prospect Drill Plan
The gold mineralisation occurs in a system of boudinage quartz veins with an NNE trend and moderate NNW dip, hosted by silicasericite-chlorite-pyrite altered diorite. Calc-silicate veins occur peripheral to mineralisation. The quartz veins vary in thickness from
a few millimetres up to 3 metres. The quartz veining is associated with late-stage deformation and many local shears are
mineralised with gold and sulphides. Gold mineralisation has been interpreted and modelled as a stacked quartz vein system that
dips moderately at around 35 degrees towards the north. The vein system seems to be associated with the thrusting event and is
parallel to the thrusts. Refer to Company ASX announcement of 21 August 2024. The FEG planned drill program will consist of 5
holes for a total of 1,120m (Figure 3, Table 2). The holes will test interpreted lateral and depth extensions of defined mineralized zones
intersected by previous drilling. See Figure 4.
Figure 3: Cross section (looking southwest) through a portion of the Sua resource. Previous drillholes KSD002 (7.5m @
13.6 g/t Au from 21m, and KSD004 (1m @ 33.8 g/t Au from 123m) are shown. The planned drilling will attempt to expand
the zones to depth.
Bermol Prospect Drill Plan
Previous exploration defined a large gold-mineralised quartz-sulphide vein zone mapped over 600 metres of strike length and a width
of 300 metres. The mineralisation is hosted within intensely deformed metamorphic rock contained within the plane of a thrust-fault.
The fault appears to dip at less than 25 degrees to the west and could be comprised of multiple zones. Previous drilling (7 holes,
771m) focused on the core part of the Bermol Prospect, which has an NS extent of 400 metres. Refer to Company ASX
announcement of 21 August 2024, and 27 March 2025.
FAR EAST GOLD ASX ANNOUNCEMENT
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ASX ANNOUNCEMENT MARCH 2025 QUARTERLY EXPLORATION UPDATE
The previous drill program did not test the potential southern extension of the system or the known northern extension to North
Bermol. The best results included: BRD001 (5m @ 5.40 g/t Au from 16m depth) and BRD003 (5m @ 4.15 g/t Au from 46m). The
thrust plane has an apparent true width ranging from 1m to 7m. The drill results were interpreted by IMI to reflect 5 discrete veins
which SMGC accepted as representative of the known gold bearing quartz veins at the Bermol Prospect. Refer to Company ASX
announcements of 14 November 2024 and 21 August 2024.
The planned FEG drill program of 9 holes for 1,050m will test defined zones along strike and to depth with the objective of expanding
the current resources estimated within the prospect area. Refer to ASX announcement of 27 March 2025.
Figure 4: Cross section (looking southwest) through a portion of the Bermol resource area showing previous drillholes BRD003 and
BRD007. The planned drilling will attempt to expand the mineralized zone approximately 100m along strike.
WOYLA PROJECT – ACEH PROVINCE, INDONESIA
The Company’s Woyla Copper Gold Project is a 24,260 ha 6th generation Contract of Work (COW) located in the Aceh region of North
Sumatra, Indonesia (Figure 1). FEG holds a 51% interest in the project that will increase to 80% upon the Company completing a
feasibility study approved by the Indonesian mines department (ESDM). The Company continues to assess and define quartz vein
targets within the 26,000 metre identified strike. Substantial ground proofing, mapping and field activities were carried out by the Company
in preparation for continued exploration.
Woyla Project Drill Plan:
The Company has planned 5 diamond drill holes for a total of 500m to complete initial scout drilling at the Kareung Reuboeh
prospect area (refer to Company ASX announcement of 9 April 2024). Surface mapping has identified 3 separate veins up to
9m in width. Chip and grab samples from exposed veins have returned high-grade gold. The planned program will drill the veins
along 250m of strike length and approximately 50m vertical depth.
FAR EAST GOLD ASX ANNOUNCEMENT
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ASX ANNOUNCEMENT MARCH 2025 QUARTERLY EXPLORATION UPDATE
Figure 5: Map showing the location of exposed vein systems within the interpreted 6km long structural corridor that extends
from Aloe Rek north to Rek Rinti. The high-grade Kareung Reuboeh veins are located approximately 500m north of the Aloe
Rek veins previously drilled. Surface rock sampling has confirmed the occurrence of high-grade gold mineralisation within the
Kareung Reuboeh veins. The Kareung Reuboeh veins have not been drill tested.
TRENGGALEK COPPER-GOLD PROJECT – CENTRAL JAVA, INDONESIA
The Company is in advanced preparation for the planned drill program that will test defined porphyry and epithermal Cu-Au targets.
Substantial ground proofing, mapping and field activities were carried out by the Company in preparation for continued exploration.
The Company is working closely with the community to begin Phase 1 drilling in the 2nd and 3rd quarters of 2025.
Eighteen diamond drill holes totalling 5,740m are planned to test 3 prospect areas (Figure 6)
1. Sumber Bening (high-sulphidation /porphyry target) – 2 proposed holes for a total of 1,450m to test zones of high sulphidation
type, advanced alteration mapped on surface coincident with interpreted IP geophysical anomalies. Underlying and deeper porphyry
targets defined by 3D magnetic inversion modelling will also be tested.
2. Singgahan (porphyry target) – 2 proposed holes for a total of 1550m – to test select porphyry targets defined by surface rock
samples and 3D magnetic inversion modeling.
3. Buluroto (porphyry-related target) – 2 proposed holes for a total of 900m – to test historical intersection of 27.3m of 0.49 g/t gold
and 0.19% copper in hole TRDD025 manifest as angular quartz clast breccia with infill of fine-grained pyrite and chalcopyrite. The
planned hole will test the modeled depth extension of the quartz breccia adjacent to a high magnetic body defined by 3D magnetic
FAR EAST GOLD ASX ANNOUNCEMENT
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ASX ANNOUNCEMENT MARCH 2025 QUARTERLY EXPLORATION UPDATE
inversion modeling. A second hole is planned to test the modeled high magnetic body.
4. Buluroto (epithermal vein target) – 12 proposed holes for a total of 1,840m - to drill a 500m long section of the Buluroto epithermal
vein system that remain untested.
Figure 6: The Trenggalek IUP-OP property contains numerous areas of alteration and mineralisation. Three of the prospect
areas have been identified by the Company as priority drill targets. These include porphyry-type mineralisation at Singgahan
and porphyry-related mineralisation at Buluroto and high-sulphidation-type, advanced argillic alteration at Sumber Bening.
Refer to ASX announcement of 10 March 2025, for details.
WONOGIRI COPPER-GOLD PROJECT – CENTRAL JAVA, INDONESIA
During the quarter the Company engaged with the Mining Department (ESDM) to extend the IUP Exploration to a further 12
months. The Company is currently undertaking development of a Scoping Study to demonstrate the economic viability of
Wonogiri.
FAR EAST GOLD ASX ANNOUNCEMENT
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ASX ANNOUNCEMENT MARCH 2025 QUARTERLY EXPLORATION UPDATE
XINGYE MINING COMPANY LTD – STRATEGIC INVESTMENT
The Company’s strategic investor Xingye Gold Hong Kong Mining Company Limited (Xingye) (refer to the Company announcement
of 20 February 2025) received all the necessary Chinese regulatory approvals and released the Tranche 3 funds to FEG. The tranche
3 Subscription Amount of A$4,783,449.60 was received by the Company on 18 February 2025. The tranche 3 funding made the
total amount received by the Company from Xingye at A$14,673,757.60 and resulted in Xingye’s holding a 19.99% strategic
investment in FEG. .All 3 tranches were priced at A$0.20c per share, representing a 47% premium to the July and August 2024
placement and share purchase plan. The Directors of FEG consider this strategic investment a key component in executing its
exploration strategies and unlocking value within its portfolio.
HILL212
Figure 7: Location of FEG project areas in Queensland, Australia.
AUSTRALIA PROJECT ACTIVITIES
As reported previously the Company has entered Deeds of Amendment for all three Australian projects upon notice that
it satisfied the earn-in expenditure obligations to retain its 90% interest in the projects.
FAR EAST GOLD ASX ANNOUNCEMENT
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ASX ANNOUNCEMENT MARCH 2025 QUARTERLY EXPLORATION UPDATE
BLUE HILL CREEK PROJECT – QUEENSLAND
There were no substantive mining exploration activities during the March 2025 quarter.
MOUNT CLARK WEST PROJECT – QUEENSLAND
The Company continued to prepare on-site activities for ground proofing and mapping. Defined drill targets and
exploration plans have been prepared along with sites visits and core re-sampling. FEG has made an application to the
Queensland Government for the CEI Grant (Collaborative Exploration Initiative) Round 9.
TENEMENT SUMMARY
TENEMEN
MINERALOG
CURRENT PERCENTAGE
PROJECT
LOCATION
MINING LICENCE TYPE
T AREA
Y TYPE
BENEFICIAL OWNERSHIP
Woyla Copper
Gold Project
Aceh, Indonesia
6th
Generation
Contract of
Work
24,260 ha
Porphyry
and
Epithermal
51% - will increase to
80% upon completion
o f Indonesian
Govt feasibility study.
Trenggalek Copper
Gold Project
East Java,
Indonesia
IUP –
Operation and
Production
12,813 ha
Porphyry
and
Epithermal
100%
Wonogiri Copper
Gold Project
Central Java,
Indonesia
IUP – Exploration
3,928 ha
Porphyry
and
Epithermal
100%
Idenburg Gold
Project
Papua &
Papua
Pegunungan
Indonesia
IUP-Exploration
95,280
Orogenic
Gold
51% upon issuing the
final consideration
shares to the vendor
that will increase to
80% upon completion
of Indonesian Govt
feasibility study.
Mount Clark West
Copper Gold Project
Connors Arc
Queensland,
Australia
EPM 26008
1,912 ha
Porphyry
90%
Blue Hill Creek GoldProject
Drummond Basin
Queensland,
Australia
EPM’s
26217,
27794 &
28601
8,000 ha
Epithermal
90%
Table 2: List of FEG projects and current status at the end Q1 2025. The Company did not acquire or dispose of any mining tenements or
change its beneficial interest in the Company’s Indonesian and Australian projects during the Quarter under review.
FAR EAST GOLD ASX ANNOUNCEMENT
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ASX ANNOUNCEMENT MARCH 2025 QUARTERLY EXPLORATION UPDATE
CORPORATE
Following the completion of the Xingye Placement, and in accordance with the Xingye Placement Agreement, the Board appointed
Ms Monique Tang as a Non-Executive Director of the Company in March 2025.
CAPITAL STRUCTURE
The following table 3 provides a summary of the Company’s securities on issue as at 31 March 2025.
SECURITY DESCRIPTION
NO.
Ordinary fully paid shares
293,658,665
Ordinary fully paid shares (voluntary escrow 11/11/2025)
31,958,348
Ordinary fully paid shares (voluntary escrow 9/12/2025)
17,493,192
Ordinary fully paid shares (voluntary escrow 19/02/2026)
23,917,248
Unlisted options @ $0.25, expiry 31 December 2026
1,000,000
Unlisted options @ $0.40, expiry 21 August 2026
1,000,000
Unlisted options @ $0.25 expiry 24 December 2027
14,000,000
Performance rights, expiry date 31 December 2026
250,000
Performance rights expiry date 24 December 2027
8,750,000
Table 63 Far East Gold Ltd.’s capital structure as at 31 March 2025
SUMMARY OF EXPENDITURE
Of the total expenditure of the Company during the Quarter, $1,838,000 of the Company’s expenditure was on activities related to the
exploration of the current projects as detailed in the Cashflow Report (5B) appended to this report. The Company did not incur any
expenditure related to mining, production and development activities during the Quarter.
PAYMENTS TO RELATED PARTIES AND THEIR ASSOCIATES
Payments of $175,000 reported in Item 6 of the attached Appendix 5B relate to salaries and fees paid to Directors.
Competent Person’s Statement
The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by FEG
staff and approved by Michael C Corey, who is a Member of the Association of Professional Geoscientists of Ontario, Canada.
Michael Corey is employed by the Company and has sufficient experience which is relevant to the style of mineralisation and type
of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012
Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Michael Corey has
consented to the inclusion in this report of the matters based on his information in the form and context in which they app ear.
The information in the referenced announcements noted, relate to Exploration Results that have previously been released to the
ASX. The Company confirms that it is not aware of any information or data that materially affects the information included in the
market announcements, and that all material assumptions and technical parameters underpinning the announcements continue
to apply. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been
materially modified from the original market announcements.
FAR EAST GOLD ASX ANNOUNCEMENT
11
APPENDICES
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
Appendix 5B
Mining exploration entity or oil and gas exploration entity
quarterly cash flow report
Name of entity
Far East Gold Limited
ABN
Quarter ended (“current quarter”)
68 639 887 219
31 Mar 2025
Consolidated statement of cash flows
Current quarter
$A’000
1.
Cash flows from operating activities
1.1
Receipts from customers
1.2
Payments for
Year to date (9
months)
$A’000
-
-
(715)
(715)
(b) development
-
-
(c) production
-
-
(d) staff costs
(350)
(909)
(e) administration and corporate costs
(392)
(1,199)
-
-
28
40
(a) exploration & evaluation
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
1.8
Other (transaction cost)
1.9
Net cash from / (used in) operating
activities
2.
Cash flows from investing activities
2.1
Payments to acquire or for:
(14)
(466)
(1,443)
(3,249)
(a) entities
-
(b) tenements
-
(400)
(c) property, plant and equipment
-
-
(1,123)
(3,194)
(e) investments
-
-
(f)
-
-
(a) entities
-
-
(b) tenements
-
-
(d) exploration & evaluation
2.2
-
other non-current assets
Proceeds from the disposal of:
ASX Listing Rules Appendix 5B (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
Page 1
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
Consolidated statement of cash flows
Current quarter
$A’000
Year to date (9
months)
$A’000
(c) property, plant and equipment
-
-
(d) investments
-
-
(e) other non-current assets
-
-
2.3
Cash flows from loans to other entities
-
-
2.4
Dividends received (see note 3)
-
-
2.5
Other (provide details if material)
-
-
2.6
Net cash from / (used in) investing
activities
(1,123)
(3,594)
3.
Cash flows from financing activities
3.1
Proceeds from issues of equity securities
(excluding convertible debt securities)
4,783
18,605
3.2
Proceeds from issue of convertible debt
securities
-
-
3.3
Proceeds from exercise of options
-
-
3.4
Transaction costs related to issues of equity
securities or convertible debt securities
-
(305)
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 (unissued shares)
-
100
3.10
Net cash from / (used in) financing
activities
4,783
18,400
4.
Net increase / (decrease) in cash and
cash equivalents for the period
4.1
Cash and cash equivalents at beginning of
period
10,446
1,091
4.2
Net cash from / (used in) operating
activities (item 1.9 above)
(1,443)
(3,249)
4.3
Net cash from / (used in) investing activities
(item 2.6 above)
(1,123)
(3,594)
4.4
Net cash from / (used in) financing activities
(item 3.10 above)
4,783
18,400
4.5
Effect of movement in exchange rates on
cash held
(15)
-
4.6
Cash and cash equivalents at end of
period
12,648
12,648
ASX Listing Rules Appendix 5B (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
Page 2
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
5.
Reconciliation of cash and cash
equivalents
Current quarter
$A’000
Previous quarter
$A’000
at the end of the quarter (as shown in the
consolidated statement of cash flows) to the
related items in the accounts
5.1
Bank balances
848
10,476
5.2
Call deposits
11,800
-
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)
12,648
10,476
6.
Payments to related parties of the entity and their
associates
6.1
Aggregate amount of payments to related parties and their
associates included in item 1
64
Aggregate amount of payments to related parties and their
associates included in item 2
111
6.2
Current quarter
$A'000
6.1 Non exploration related payment made to the Executive and non-Executive Director during the quarter.
6.2 Payment made to Board members including CEO and non-Executive Directors during the quarter.
7.
Financing facilities
Note: the term “facility’ includes all forms of financing
arrangements available to the entity.
Add notes as necessary for an understanding of the
sources of finance available to the entity.
Total facility
amount at quarter
end
$A’000
Amount drawn at
quarter end
$A’000
7.1
Loan facilities
-
-
7.2
Credit standby arrangements
-
-
7.3
Other (please specify)
-
-
7.4
Total financing facilities
-
-
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.
-
N/A
$A’000
8.
Estimated cash available for future operating activities
8.1
Net cash from / (used in) operating activities (item 1.9)
(1,443)
8.2
(Payments for exploration & evaluation classified as investing
activities) (item 2.1(d))
(1,123)
8.3
Total relevant outgoings (item 8.1 + item 8.2)
(2,566)
8.4
Cash and cash equivalents at quarter end (item 4.6)
12,648
8.5
Unused finance facilities available at quarter end (item 7.5)
8.6
Total available funding (item 8.4 + item 8.5)
ASX Listing Rules Appendix 5B (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
12,648
Page 3
8.7
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
Estimated quarters of funding available (item 8.6 divided by
4.93
item 8.3)
Note: if the entity has reported positive relevant outgoings (ie 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: N/A
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: N/A
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: N/A
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:
29 April 2025
Authorised by: The Board
.
(Name of body or officer authorising release – see note 4)
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 Resources and AASB 107: Statement of Cash Flows
apply 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 – eg Audit and Risk Committee]”. If it has been authorised for release to the market by a
disclosure committee, you can insert here: “By the Disclosure Committee”.
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’s Corporate 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.
ASX Listing Rules Appendix 5B (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
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