Wolf Minerals Limited Appendix 5B (9968U)
18 Julio 2018 - 1:49AM
UK Regulatory
TIDMWLFE
RNS Number : 9968U
Wolf Minerals Limited
18 July 2018
+Rule 5.5
Appendix 5B
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, 01/05/13, 01/09/16
Name of entity
-----------------------------------------------------
WOLF MINERALS LIMITED
ABN Quarter ended ("current quarter")
--------------- ----------------------------------
11 121 831 472 30 JUNE 2018
----------------------------------
Consolidated statement of cash Current quarter Year to date
flows $A'000 (12 months)
$A'000
1. Cash flows from operating
activities
1.1 Receipts from customers 12,723 49,504
1.2 Payments for
(a) exploration & evaluation - -
(b) development (845) (8,849)
(c) production (10,433) (57,705)
(d) staff costs (2,885) (11,953)
(e) administration and corporate
costs (814) (2,930)
1.3 Dividends received (see note - -
3)
1.4 Interest received - 1
Interest and other costs of
1.5 finance paid (268) (3,650)
1.6 Income taxes paid - -
1.7 Research and development refunds - -
Other (provide details if
1.8 material) 11 44
---------------- ----------------
Net cash from / (used in)
1.9 operating activities (2,511) (35,538)
----- ------------------------------------- ---------------- ----------------
2. Cash flows from investing
activities
2.1 Payments to acquire:
(a) property, plant and equipment (2,292) (11,490)
(b) tenements (see item 10) - -
(c) investments - -
(d) other non-current assets - -
2.2 Proceeds from the disposal
of:
(a) property, plant and equipment - -
(b) tenements (see item 10) - -
(c) investments - -
(d) 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)
---------------- ----------------
Net cash from / (used in)
2.6 investing activities (2,292) (11,490)
------- ----------------------------------- ---------------- ----------------
3. Cash flows from financing
activities
3.1 Proceeds from issues of shares - -
3.2 Proceeds from issue of convertible - -
notes
3.3 Proceeds from exercise of - -
share options
Transaction costs related
to issues of shares, convertible
3.4 notes or options - (4)
3.5 Proceeds from borrowings 9,870 57,860
3.6 Repayment of borrowings (3,561) (3,561)
Transaction costs related
3.7 to loans and borrowings (4,404) (11,068)
3.8 Dividends paid - -
3.9 Other - Note 1 (below) 17,852 16,467
---------------- ----------------
Net cash from / (used in)
3.10 financing activities 19,757 59,694
------- ----------------------------------- ---------------- ----------------
Note 1: includes GBP9.5 million which has been restricted for
use on the noise and vibration management plan (NVMP).
--------------------------------------------------------------------------------
4. Net increase / (decrease)
in cash and cash equivalents
for the period
Cash and cash equivalents
4.1 at beginning of period 4,350 8,334
Net cash from / (used in)
operating activities (item
4.2 1.9 above) (2,511) (35,538)
Net cash from / (used in)
investing activities (item
4.3 2.6 above) (2,292) (11,490)
Net cash from / (used in)
financing activities (item
4.4 3.10 above) 19,757 59,694
Effect of movement in exchange
4.5 rates on cash held 527 (1,169)
---------------- ----------------
Cash and cash equivalents
4.6 at end of period 19,831 19,831
------- ----------------------------------- ---------------- ----------------
5. Reconciliation of cash and Current quarter Previous quarter
cash equivalents $A'000 $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 - Note 1 (below) 19,753 4,272
5.2 Call deposits 78 78
5.3 Bank overdrafts
5.4 Other (provide details)
---------------- -----------------
Cash and cash equivalents
at end of quarter (should
5.5 equal item 4.6 above) 19,831 4,350
---- ----------------------------------- ---------------- -----------------
Note 1: includes GBP9.5 million which has been restricted for
use on the NVMP.
6. Payments to directors of the entity and Current quarter
their associates $A'000
Aggregate amount of payments to these parties
6.1 included in item 1.2 122
----------------
6.2 Aggregate amount of cash flow from loans -
to these parties included in item 2.3
----------------
6.3 Include below any explanation necessary to understand
the transactions included in items 6.1 and 6.2
----- -----------------------------------------------------------------
1. Payment of directors remuneration.
7. Payments to related entities of the entity Current quarter
and their associates $A'000
7.1 Aggregate amount of payments to these parties -
included in item 1.2
----------------
7.2 Aggregate amount of cash flow from loans -
to these parties included in item 2.3
----------------
7.3 Include below any explanation necessary to understand
the transactions included in items 7.1 and 7.2
---- ----------------------------------------------------------------
8. Financing facilities available Total facility Amount drawn
Add notes as necessary for amount at quarter at quarter end
an understanding of the position end $A'000
$A'000
8.1 Loan facilities 115,720 115,720
------------------- ----------------
8.2 Credit standby arrangements
------------------- ----------------
8.3 Other
------------------- ----------------
8.4 Include below a description of each facility above, including
the lender, interest rate and whether it is secured or
unsecured. If any additional facilities have been entered
into or are proposed to be entered into after quarter
end, include details of those facilities as well.
---- -------------------------------------------------------------------------
GBP65 million (A$116 million) subordinated loan facility with
Resource Capital Fund VI L.P. ("RCF VI") as announced on 30
June 2018. The applicable interest rate is 15%.
9. Estimated cash outflows for next $A'000
quarter
9.1 Exploration and evaluation -
Development (including NVMP and
9.2 capital costs) 12,500
9.3 Production 21,000
9.4 Staff costs 2,000
9.5 Administration and corporate costs 2,000
9.6 Other (interest & finance costs) 2,000
-------
9.7 Total estimated cash outflows 39,500
---- ----------------------------------- -------
10. Changes in tenements Tenement Nature of interest Interest Interest
(items 2.1(b) reference at beginning at end
and 2.2(b) above) and location of quarter of quarter
10.1 Interests in N/A N/A
mining tenements
and petroleum
tenements lapsed,
relinquished
or reduced
----- --------------------- -------------- ------------------- -------------- ------------
10.2 Interests in N/A N/A
mining tenements
and petroleum
tenements acquired
or increased
----- --------------------- -------------- ------------------- -------------- ------------
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.
Sign here: RICHARD LUCAS Date: 18 July 2018
Managing Director
Print name: RICHARD LUCAS
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 that wishes
to disclose additional information is encouraged to do so, in a
note or notes included in or attached to this report.
2. If this quarterly 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 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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCGGUQCMUPRUQR
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