TERRAMIN AUSTRALIA LIMITED

Size: px
Start display at page:

Download "TERRAMIN AUSTRALIA LIMITED"

Transcription

1 TERRAMIN AUSTRALIA LIMITED ABN & Controlled Entities Contents Appendix 4D 2 Directors Report 3 Auditor s Independence Declaration 5 Consolidated Interim Statement of Profit or Loss and Other Comprehensive Income 6 Consolidated Interim Statement of Financial Position 7 Consolidated Interim Statement of Changes in Equity 8 Consolidated Interim Statement of Cash Flows 9 Condensed Notes to the Consolidated Interim Financial Statements 10 Directors Declaration 17 Independent Review Report 18

2 Appendix 4D Results for Announcement to the Market ABN Previous Corresponding Period Dividend Information Net Tangible Assets Per Security $'000 Up/Down % Movement Revenue from ordinary activities Loss after tax from ordinary activities (2,526) up Amount per share (cents) Franked amount per share (cents) Tax rate for franking credit Interim dividend per share Nil Nil Nil Final dividend per share Nil Nil Nil Net tangible assets per security This information should be read in conjunction with the Annual Financial Report of Terramin Australia Limited and its controlled entities and any public announcements made in the period by Terramin Australia Limited in accordance with the continuous disclosure requirements of the Corporations Act 2001 (Cth) and the Australian Securities Exchange Listing Rules. Additional Appendix 4D disclosure requirements can be found in the Directors Report and the consolidated financial statements for the half-year ended 30. The entities controlled by the Company during the period has not changed since the last reporting period. This report is based on the consolidated financial statements of Terramin Australia Limited and its controlled entities, which have been reviewed by Grant Thornton. The Independent Review Report provided by Grant Thornton is included in the consolidated financial statements. 2

3 Directors Report Your Directors present their report on the consolidated entity comprising Terramin Australia Limited (the Company or Terramin) and its controlled entities (the Group) for the half-year ended 30 and the review report thereon. Terramin is a public company, limited by shares incorporated and domiciled in Australia. This report should be read in conjunction with the Company s Annual Financial Report. BOARD OF DIRECTORS The following persons were Directors of the Company during the whole of the half-year and up to and including the date of this report (unless stated otherwise): Mr Feng (Bruce) Sheng 2 Mr Michael Kennedy Mr Kevin McGuinness 1 Mr Angelo Siciliano Mr Wang Xinyu 2 Executive Chairman Deputy Chairman - Non-Executive Non-Executive Director Non-Executive Director Executive Director 1. Mr. McGuinness is Chair of the Audit and Risk Committee and the Nominations and Remuneration Committee. 2. Mr. Sheng and Mr. Wang were appointed Executive Chairman and Executive Director respectively by the board on 11 January. REVIEW OF OPERATIONS Principal Activities During the period there were no significant changes in the nature of the Group s principal activities. The Group continued to focus on the development of and exploration for base and precious metals (in particular zinc, lead and gold) and other economic mineral deposits. Tala Hamza Zinc Project (Terramin 65%) The Tala Hamza Zinc Project is 100% owned by Western Mediterranean Zinc Spa (WMZ). Terramin has a 65% shareholding in WMZ. The remaining 35% is held by two Algerian Government owned companies: Enterprise National des Produits Miniers Non-Ferreux et des Substances Utiles Spa (ENOF) (32.5%) and Office National de Recherche Géologique et Minière (ORGM) (2.5%). WMZ was formed following a resolution of the State Participation Council (CPE) to create a joint venture between ENOF and Terramin for the development and mining of the Tala Hamza zinc-lead deposit. During the period, the joint venture partners have continued working together to ensure that all aspects of the Definitive Feasibility Study (DFS) is accepted by the relevant decision makers within the Algerian regulator. The partners have continued to provide all the required information to the Algerian regulator in the format that the regulator requires for the mining lease approval. Terramin is awaiting a formal approval from its partners for the lodgement of the mining lease and expects to be in a position to update the market on the outcome later in. Bird-in-Hand Gold Project (Terramin 100% through its wholly owned subsidiary Terramin Exploration Pty Ltd) The Bird-in-Hand Gold Project is located approximately 30km north of Terramin s existing mining and processing facilities at the Angas Zinc Mine in Strathalbyn. The project has a high grade Gold Resource which is amenable to underground mining. Subject to required regulatory approvals, the Bird-in- Hand material will be processed utilising the facilities at Angas which can be modified to process gold-bearing material. The existing tailings dam at Angas has the capacity to hold all the Bird-in-Hand tailings. During the reporting period, the Company continued to engage with the Department for Energy and Mining (DEM) in respect of the draft Mining Lease Proposal (MLP) for the development of the Bird-in-Hand Gold Project. Feedback was received from the mining regulators, the Environment Protection Agency (EPA) and Department for Environment and Water (DEW) which the Company is reviewing and incorporating into the MLP. The Company continues to prepare for a Managed Aquifer Recharge (MAR) drilling program to further calibrate the groundwater modelling and subsequently confirm the best locations for the water reinjection bores for the mining operation, as required by the DEM and DEW. In addition to consultation with government bodies, the Company has also continued its ongoing community consultation in line with the Company s Community Engagement Plan. This is providing key information to refine the outcomes that will be used to develop the detailed regulatory triggers for every environmental aspect of the project, as well as ongoing consultation regarding the construction, operation and rehabilitation of the area after mine closure. Adelaide Hills Exploration Project (Terramin 100% and through its wholly owned subsidiary Terramin Exploration Pty Ltd) The Adelaide Hills project consists of twelve contiguous exploration tenements that cover 3,702km 2 stretching 120km between Victor Harbor and Kapunda. This project area is considered prospective for gold, copper, lead, zinc and rare earth elements. A strategic review is currently being undertaken in order to deliver against Terramin s long term goal of identifying 1 million ounces of gold within Terramin s South Australian exploration tenement holding. Non-core projects will be reviewed for their potential to generate joint-venture / farm-out value. During the period, Terramin s Kapunda Project joint venture partner and in-situ recovery (ISR) specialist Environmental Copper Recovery SA Pty Ltd (ECR) submitted samples to CSIRO for mineral characterisation and lixiviant suitability testing. In February, Terramin released a resource estimate for the Kapunda deposit. The estimate was restricted to the top 100m which hosts copper species that are readily leachable. Terramin also commenced optimisation activities during the quarter, aimed at developing expansion cases that could add additional value to the project. All optimisation and expansion cases will require approval from Algerian regulators, supported by robust feasibility level studies. Terramin commenced long lead time planning for the expansion cases while awaiting approval for the initial Tala Hamza development works. 3

4 Directors Report (continued) South Gawler Project (formerly Gawler Ranges Project) (Terramin 100% through its wholly owned subsidiary Menninnie Metals Pty Ltd) The South Gawler Project is located along the southern margin of the Gawler Ranges, northern Eyre Peninsula, South Australia. The project comprises a group of seventeen Exploration Licences totalling 8,321km 2. The Project area is prospective for a range of deposit styles that host combinations of gold, silver, copper, molybdenum, lead, zinc, rare earth elements, graphite, and tin ± tungsten. The Project hosts the Menninnie Dam deposit, the largest undeveloped lead-zinc deposit in South Australia. During the reporting period, the Evolution Mining Ltd (Evolution) completed its stage 1 expenditure obligations under the earn-in and Joint Venture Agreement wih Menninnie Metals (See ASX announcement dated 22 ) and withdrew from the project. Geological mapping and first-pass geophysical and geochemical data collected during the period funded by Evolution has enabled Menninnie Metals to locate two new prospect areas containing IOCG-style breccia outcrops,and to make significant progress towards defining the best IOCG drilling targets on one of its more advanced prospects. Angas Zinc Mine (Terramin 100%) The Angas Zinc Mine is located 2km outside the town of Strathalbyn, 60km from Adelaide. The mine is currently under care and maintenance pending the resumption of exploration at depth and near mine and evaluation of the development of the Bird-in-Hand Gold Project. The site remains in compliance with all lease conditions. Environment The Group (in particular the Company s Angas Zinc Mine and the Bird-in-Hand Gold Project) is subject to significant environmental regulation under both Commonwealth and South Australian legislation in relation to its exploration, development and mining activities. Exploration licences and mining leases are issued subject to various obligations as to environmental monitoring and rehabilitation, and ongoing compliance with all relevant legislative obligations. The Group s Directors, employees and consultants are committed to achieving a high standard of environmental performance and, in this regard, the Board considers and if required addresses these issues through the Audit and Risk Committee. No environmental incidents were recorded during the period with all environmental monitoring areas directly related to site activities within compliance. Insofar as the Directors are aware, there have been no material breaches or other material instances of non-compliance, nor any recorded known areas of outstanding non-compliance, with any applicable environmental legislation or other regulations. Corporate During the reporting period, the Board restructured the executive team with the appointment of Mr Richard Taylor as Chief Executive Officer and Mr Simon Iacopetta as Chief Financial Officer and Company Secretary. No existing options have been exercised or expired. No new options were issued in the period. A total of 300,497 Share Rights issued to the previous Chief Executive Offier in converted into fully paid ordinary shares during the reporting period. FINANCIAL The consolidated loss of the Group after providing for income tax and non-controlling interest was $2.35 million for the halfyear ended 30 (: $0.6 million). Finance costs of $0.9 million were recorded for the period, representing borrowing costs and interest expense on borrowings. The Angas Zinc Mine (AZM) rehabilitation provision was revalued using updated interest and inflation rates resulting in a $0.04 million gain being recognised for the period. Other administration costs of $0.6 million were incurred in relation to corporate administration and Angas mine site care and maintenance activities. The consolidated net asset position as at 30 was $49.9 million (: $51.9 million) with current liabilities exceeding current assets by $15.7 million (: $12.3 million). No dividends were paid during the interim period and the Directors have not recommended the payment of a dividend. SUBSEQUENT EVENTS On 14 August, the Company restructured its Standby Term Facility. The existing unsecured facility was increased from $3.25 million to $5.25 million on similar terms, and will be secured in accordance with the terms of the existing facility. In the Directors opinion, no other events or circumstances have arisen since the end of the financial period that have significantly affected or may significantly affect the operations of the Company or the Group, the results of those operations or the state of affairs of the Group in future financial years that have not been otherwise disclosed in this report. AUDITOR S INDEPENDENCE DECLARATION A copy of the auditor s Independence Declaration, as required under section 307C of the Corporations Act 2001, follows the Directors Report. ROUNDING OF AMOUNTS The Company is of a kind referred to in ASIC Corporations (Rounding in Financial/Directors Reports) Instrument 2016/191 and in accordance with the Instrument, amounts in the financial report have been rounded off to the nearest thousand dollars, unless otherwise stated. Signed in Melbourne on the 23 rd day of August in accordance with a resolution of the Board of Directors. Feng Sheng Executive Chairman 4 Kevin McGuinness Non-Executive Director

5 Auditor s Independence Declaration TERRAMIN AUSTRALIA LIMITED & CONTROLLED ENTITIES 5

6 Consolidated Interim Statement of Profit or Loss and Other Comprehensive Income Note Raw materials, consumables and other direct costs (186) (352) Employee expenses (1,060) (662) Depreciation and amortisation 6 (23) (22) Rehabilitation Provision Adjustment 38 1,693 Other expenses 5 (645) (561) Profit/(loss) before net financing costs and income tax (1,876) 96 Finance income Finance costs 5 (923) (734) Net finance costs (922) (731) Loss before income tax (2,798) (635) Income tax benefit Loss for the period (2,526) (635) Attributable to: Owners of the Company (2,354) (533) Non-controlling interest (172) (102) Loss for the period (2,526) (635) Other comprehensive (loss)/income Items that may be reclassified subsequently to profit or loss: Foreign currency translation differences for foreign operations 536 (394) Other comprehensive (loss)/income for the period 536 (394) Total comprehensive (loss) for the period attributable to equity holders of the Company (1,990) (1,029) Attributable to: Owners of the Company (1,818) (927) Non-controlling interest (172) (102) Total comprehensive loss for the period (1,990) (1,029) (Loss) per share attributable to the ordinary equity holders of the Company: Note Basic (loss) per share - (cents per share) 13 (a) (0.13) (0.03) Diluted (loss) per share - (cents per share) 13 (b) (0.13) (0.03) The consolidated interim statement of profit or loss and other comprehensive income is to be read in conjunction with the notes to the financial statements. 6

7 Consolidated Interim Statement of Financial Position as at 30 Assets Note December Cash and cash equivalents ,698 Trade and other receivables Other assets Total current assets 1,352 2,843 Non-current assets Inventories Property, plant and equipment 6 8,476 8,497 Exploration and evaluation 7 61,059 59,627 Total non-current assets 70,168 68,756 TOTAL ASSETS 71,520 71,599 Liabilities Current liabilities Trade and other payables 2,565 1,737 Borrowings 9 14,181 13,061 Provisions Total current liabilities 17,024 15,121 Non-current liabilities Borrowings Provisions 10 4,561 4,548 Total non-current liabilities 4,567 4,559 TOTAL LIABILITIES 21,591 19,680 NET ASSETS 49,929 51,919 EQUITY Share capital , ,318 Reserves 14 (6,950) (7,442) Accumulated losses (172,263) (169,909) Total equity attributable to equity holders of the Company 36,149 37,967 Non-controlling interest 13,780 13,952 TOTAL EQUITY 49,929 51, Includes $32,500 of restricted cash to support bonds and credit card facilities. The consolidated interim statement of financial position is to be read in conjunction with the notes to the financial statements. 7

8 Consolidated Interim Statement of Changes in Equity Share capital Share based payments reserve Translation reserve Accumulated losses Total Noncontrolling interest Balance at 1 January 215, (7,532) (169,909) 37,967 13,952 51,919 Loss for the period (2,354) (2,354) (172) (2,526) Other comprehensive (loss)/income Foreign currency translation differences Total other comprehensive (loss)/income Total equity Total comprehensive (loss)/income for the period (2,354) (1,818) (172) (1,990) Transactions with owners, recorded directly in equity Contributions by and distributions to owners Issue of ordinary shares Share issue costs Share rights issued Share rights converted to ordinary shares 44 (44) Total contributions by and distributions to owners 44 (44) Balance at , (6,996) (172,263) 36,149 13,780 49,929 Share capital Share based payments reserve Translation reserve Accumulated losses Total Noncontrolling interest Total equity Balance at 1 January 204,054 9,014 (5,815) (175,859) 31,394 14,136 45,530 Loss for the period (533) (533) (102) (635) Other comprehensive (loss)/income Foreign currency translation differences - - (394) - (394) - (394) Total other comprehensive (loss)/income - - (394) - (394) - (394) Total comprehensive (loss)/income for the period - - (394) (533) (927) (102) (1,029) Transactions with owners, recorded directly in equity Contributions by and distributions to owners Issue of ordinary shares 4, ,000-4,000 Share issue costs (252) (252) - (252) Share rights issued Share rights converted to ordinary shares 22 (22) Total contributions by owners 3, Balance at ,824 9,058 (6,209) (176,392) 34,281 14,034 48,315 The consolidated interim statement of changes in equity is to be read in conjunction with the notes to the financial statements. 8

9 Consolidated Interim Statement of Cash Flows TERRAMIN AUSTRALIA LIMITED & CONTROLLED ENTITIES Cash from operating activities: Payments to suppliers and employees (2,007) (808) Financing costs and interest paid (5) (234) Interest received 1 3 Total cash (used in) operating activities (2,011) (1,039) Cash flows from investing activities: Payments for purchase of property, plant and equipment (4) (10) Exploration and evaluation expenditure (1,014) (2,739) Net cash (used in) investing activities (1,018) (2,749) Cash flows from financing activities: Proceeds from the issue of share capital - 4,000 Payment of transaction costs on debt and/or equity - (1,168) Proceeds from borrowings 1,270 1,212 Repayment of borrowings (123) (1,194) Net cash from financing activities 1,147 2,850 Other activities: Net (decrease) in cash and cash equivalents (1,882) (938) Net foreign exchange differences 1 - Cash and cash equivalents at beginning of the period 2,698 1,037 Cash and cash equivalents at end of the period The consolidated interim statement of cash flows is to be read in conjunction with the notes to the financial statements. 9

10 Condensed Notes to the Consolidated Interim Financial Statements NOTE 1: REPORTING ENTITY Terramin Australia Limited is a listed public company, incorporated and domiciled in Australia. The consolidated interim financial report as at and for the half-year ended 30, covers the consolidated entity of Terramin Australia Limited and its controlled entities (together referred to as the Group). NOTE 2: BASIS OF PREPARATION (a) Statement of Compliance (d) Going Concern The financial statements have been prepared on a going concern basis, which contemplates continuity of normal business activities and the realisation of assets and settlement of liabilities in the ordinary course of business. During the interim period, the Group incurred a loss of $2.35 million, bringing accumulated losses to $172.3 million. As at 30, the Group s current liabilities exceeded its current assets by $15.7 million and the Group had a net cash outflow of $3.0 million from operating and investing activities for the period. The consolidated interim financial report is a general purpose financial report that has been prepared in accordance with AASB 134 Interim Financial Reporting and the Corporations Act 2001 (Cth). The consolidated interim financial report was authorised for issue by the Directors on the 23 rd day of August. (b) Reporting Basis The consolidated interim financial report does not include full disclosures of the type normally included in an annual financial report, and therefore it is recommended that this financial report be read in conjunction with the annual financial report for the year ended 31 December, and any public announcements made by the Company during the interim reporting period in accordance with continuous disclosure requirements arising under the Australian Securities Exchange Listing Rules and the Corporations Act 2001 (Cth). Where required by accounting standards, comparative figures have been reclassified to conform with changes in presentation in the current interim financial period. The Company is of a kind referred to in ASIC Corporations (Rounding in Financial/Directors Reports) Instrument 2016/191 and in accordance with the Instrument, amounts in the financial report have been rounded off to the nearest thousand dollars, unless otherwise stated. This report has been prepared in Australian dollars on the basis of historical costs, except for plant and equipment and derivative financial instruments measured at fair value and the provision for mine rehabilitation measured at the present value of future cash flows. (c) Estimates The preparation of the interim financial report requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expenses. Actual results may differ from these estimates. In preparing this consolidated interim financial report, the significant judgements made by management in applying the Group s accounting policies and the key sources of estimation uncertainty were the same as those that applied to the consolidated financial report as at and for the year ended 31 December. The financial report has been prepared on a going concern basis as the expectation is that the Group can raise additional equity or restructure debt when required. The Group s ability to raise equity will rely on investor confidence in the development of the Bird-in-Hand Gold Project or that the $43.4 million investment in the Tala Hamza Zinc Project can be realised through mining or sale. The Directors note that the matters outlined above indicate material uncertainty, which may cast significant doubt on the ability of the Group to continue as a going concern and therefore it may be unable to realise its assets and discharge its liabilities in the normal course of business. As at the date of this report, the Directors believe that the Group has adequate resources to continue to explore, evaluate and develop the Group s areas of interest and support to date from Asipac Group Pty Ltd (Asipac) will ensure the Company has sufficient funds to meet its obligations. Subject to market conditions the Directors believe there are reasonable grounds to conclude that the Company will be able to raise funds by way of equity, debt financing or sale of assets to fund anticipated activities and meet financial obligations. For the reasons outlined above, the Board has prepared the financial report on a going concern basis. NOTE 3: SIGNIFICANT ACCOUNTING POLICIES The accounting policies applied by the Group in the consolidated interim financial report are the same as those applied by the Group in its consolidated financial report as at and for the year ended 31 December, with the exception of the following: New standards adopted as at 1 January AASB 15 Revenue from Contracts with Customers and AASB 9 Financial Instruments (2014) became effective for periods beginning on or after 1 January. Accordingly, the Group applied AASB 15 and AASB 9 for the first time to the interim period ended 30. Changes to the Group s accounting policies arising from these standards are summarised below: AASB 15 Revenue from Contracts with Customers AASB 15 replaces AASB 118 Revenue, AASB 111 Construction Contracts and several revenue-related Interpretations. The new Standard has been applied as at 1 January. There is no impact to the Group s historical financial results given the company is not currently in production. 10

11 Condensed Notes to the Consolidated Interim Financial Statements (continued) AASB 9 Financial Instruments Recognition and derecognition Financial assets and financial liabilities are recognised when the Group becomes a party to the contractual provisions of the financial instrument. Financial assets are derecognised when the contractual rights to the cash flows from the financial asset expire, or when the financial asset and substantially all the risks and rewards are transferred. A financial liability is derecognised when it is extinguished, discharged, cancelled or expires. Classification and initial measurement of financial assets Financial assets are classified according to their business model and the characteristics of their contractual cash flows. Except for those trade receivables that do not contain a significant financing component and are measured at the transaction price in accordance with AASB 15, all financial assets are initially measured at fair value adjusted for transaction costs (where applicable). Subsequent measurement of financial assets For the purpose of subsequent measurement, financial assets, other than those designated and effective as hedging instruments, are classified into the following four categories: Financial assets at amortised cost Financial assets at fair value through profit or loss (FVTPL) Debt instruments at fair value through other comprehensive income (FVTOCI) Equity instruments at FVTOCI All income and expenses relating to financial assets that are recognised in profit or loss are presented within finance costs, finance income or other financial items, except for impairment of trade receivables which is presented within other expenses. Financial assets at amortised cost Financial assets with contractual cash flows representing solely payments of principal and interest and held within a business model of hold to collect contractual cash flows are accounted for at amortised cost using the effective interest method. The Group s trade and most other receivables fall into this category of financial instruments. Classification and measurement of financial liabilities As the accounting for financial liabilities remains largely unchanged from AASB 139, the Group s financial liabilities were not impacted by the adoption of AASB 9. However, for completeness, the accounting policy is disclosed below. The Group s financial liabilities include borrowings and trade and other payables. Financial liabilities are initially measured at fair value, and, where applicable, adjusted for transaction costs unless the Group designated a financial liability at fair value through profit or loss. Subsequently, financial liabilities are measured at amortised cost using the effective interest method except for derivatives and financial liabilities designated at FVTPL, which are carried subsequently at fair value with gains or losses recognised in profit or loss (other than derivative financial instruments that are designated and effective as hedging instruments). All interestrelated charges are reported in profit or loss are included within finance costs or finance income. Borrowings classified as amortised cost under AASB 139. They are continued to be accounted for at amortised cost under AASB 9. Reconciliation of financial instruments on adoption of AASB 9 The table below shows the classification of each class of financial asset and financial liability under AASB 139 and AASB 9 as at 1 January : Financial assets AASB 139 classification AASB 9 classification AASB 139 carrying amount AASB 9 carrying amount Trade and other receivables Loans and receivables Amortised cost Financial liabilities Borrowings Amortised cost Amortised cost 13,072 13,072 11

12 Condensed Notes to the Consolidated Interim Financial Statements (continued) NOTE 4: SEGMENT REPORTING For management purposes, the Group is organised into business units based on geography and has two reportable operating segments: Australia explores, develops and mines zinc, lead and gold deposits Northern Africa developing a zinc and lead deposit No operating segments have been aggregated to form the above reportable operating segments. Revenue Australia Northern Africa Consolidated External customers Total revenue Results Depreciation and amortisation (23) (22) - - (23) (22) Interest income Interest expense (535) (408) - - (535) (408) Loss before income tax (2,308) (343) (490) (292) (2,798) (635) Income tax expense (Loss)/gain for the year for the operating segment (2,036) (343) (490) (292) (2,526) (635) (Loss)/gain for the year attributable to non-controlling interest - - (172) (102) (172) (102) (Loss) for the year attributable to equity holders of the Company (2,036) (343) (318) (190) (2,354) (533) Operating assets 28,036 25,266 43,484 43,570 71,520 68,836 Operating liabilities 21,487 19, ,311 21,591 20,521 Other disclosures Capital expenditure 1 1,816 1, ,593 1,949 3, Capital expenditure consists of additions of property, plant and equipment and exploration and evaluation assets. There are no transactions other than cash funding between reportable segments. 12

13 Condensed Notes to the Consolidated Interim Financial Statements (continued) NOTE 5: OTHER INCOME & EXPENSES Other Expenses Audit Fees Consultants Travel Other Corporate Costs (50) (40) (257) (295) (94) (88) (244) (138) Total other expenses (645) (561) Finance income Interest income 1 3 Total finance income 1 3 Finance costs Interest on borrowings (535) (408) Unwinding of discount on mine rehabilitation provision (113) (51) Other borrowing costs Total finance costs NOTE 6: PROPERTY, PLANT AND EQUIPMENT Freehold land Buildings and other infrastructure Plant and equipment Construction in progress (275) (275) (923) (734) Opening carrying amount 1 January 4, ,220-8,497 Additions Disposals Transfers Depreciation and amortisation - - (23) - (23) Foreign currency movement - - (31) - (31) Carrying amount at 30 4, ,199-8,476 Total Freehold land Buildings and other infrastructure Plant and equipment Construction in progress Opening carrying amount 1 January 4, ,251-8,531 Additions Disposals Transfers (14) - Depreciation and amortisation - (3) (41) - (44) Foreign currency movement - - (4) - (4) Carrying amount at 31 December 4, ,220-8,497 Total 13

14 Condensed Notes to the Consolidated Interim Financial Statements (continued) NOTE 7: EXPLORATION AND EVALUATION ASSETS Exploration and evaluation December Opening carrying amount 59,627 56,278 Additions 1,916 4,948 Exploration write-off - - Foreign currency movement (484) (1,599) Total exploration and evaluation 61,059 59,627 Exploration and evaluation assets by location Tala Hamza Zinc Project (Terramin 65%) 43,368 42,734 Adelaide Hills Project (Terramin 100%) 1,551 1,451 Bird-in-Hand Gold Project (Terramin Exploration Pty Ltd 100%) 10,649 9,964 Menninnie Zinc Project (Menninnie Metals Pty Ltd 100%, farm-out joint venture) 5,491 5,478 Total exploration and evaluation 61,059 59,627 The Oued Amizour exploration license PEM6911 expired on 31 January. Terramin is able to apply for a grace period under the Algerian Mining Act. However, discussions with the Ministry have indicated that this is unnecessary as a Mining Lease applicaiton has been prepared. The joint venture partners have continued working together to ensure that all aspects of the revised DFS are acceptable to the relevant decision makers within the Algerian regulator. Recoverability of the carrying amount of the exploration and evaluation assets is dependent on either the successful development and commercial mining or sale of respective areas of interest. NOTE 8: INVENTORIES NOTE 9: BORROWINGS Current December Lease liabilities Loans - secured 2 10,920 10,801 Loans - unsecured 3 3,250 2,250 Non-current 14,181 13,061 Lease liabilities 6 11 Total non-current borrowings 6 11 Financing facilities Loan facilities - available 14,250 14,250 Loan facilities - undrawn - (1,000) Loan facilities - drawn 14,250 13,250 Less: unamortised transaction costs (80) (199) Carrying amount at balance date 14,170 13,051 Guarantee facility - available 4 5,315 5,315 Guarantee facility - undrawn - - Guarantee facility - drawn 5,315 5, The Group has an insurance premium funding arrangement at the reporting date. 2. As at the reporting date, the Group had fully drawn down the two secured loan facilities provided by Asipac. Interest is payable half yearly on the facilities and is fixed at a base rate of 8%. Asipac have committed to not call the payment of this interest until the expiry of the facility. The facilities have a term expiring on 31 October. 3. As at the reporting date, the group has fully drawn down it s unsecured short-term facility provided by Asipac. The facility has a term expiring 31 October. Interest is fixed at a base rate of 8%, payable upon the expiry of the facility. Non-current December Raw materials and consumables Total inventories at the lower of cost and net realisable value A guarantee facility has been provided by Investec Bank PLC (Investec) in relation to rehabilitation bonds required by DEM over the ML Inventories of mining supplies are recognised as non-current to reflect the period in which they will be utilised. 14

15 Condensed Notes to the Consolidated Interim Financial Statements (continued) NOTE 10: PROVISIONS Current December Employee benefits Total current provisions Non-current Employee benefits Mine rehabilitation 4,506 4,432 Total non-current provisions 4,561 4,548 NOTE 12: ISSUED CAPITAL Table of issued capital : The mine rehabilitation provision is recognised for the estimated cost of rehabilitation, decommissioning, restoration and long term monitoring of areas disturbed during operation of the Angas Zinc Mine up to reporting date but not yet rehabilitated. The provision is based upon current cost estimates with a contingency and has been determined on a discounted basis with reference to current legal requirements and technology. The provision has been calculated using a risk free discount rate of 2.59% (December : 2.57%). The rehabilitation is expected to occur following the processing of ore from the Birdin-Hand Gold Project (subject to regulatory approvals). NOTE 11: FAIR VALUE OF ASSETS AND LIABILITIES The fair values of the financial assets and liabilities of the Group are equal to the carrying amount in the financial report. In the case of loans and borrowings it is considered that the variable rate debt and associated credit margin is in line with current market rates and therefore is carried in the interim financial report at fair value. Type of Share Issue Date of issue Number of ordinary shares on issue Issue Price $ Opening balance 1 January 1,869,177, ,318 Share rights converted 1 2-Jan , Share rights converted 1 4-Apr , Closing balance 30 1,869,478, ,362 Share issue costs - Issued Capital 215, During the period, following the completion of the performance conditions, 300,497 share rights were converted to ordinary shares in accordance with the terms of the Terramin Employee Share Rights Plan. Table of issued capital for the year ended 31 December : Share capital Type of Share Issue Date of issue Number of ordinary shares on issue Issue Price $ Opening balance 1 January 1,795,996, ,054 Share placement 02-Feb-17 25,000, ,000 Share rights converted 04-Apr , Share rights converted 03-Jul , Share rights converted 04-Oct , Share Placement 27-Sep-17 37,500, ,300 Share Placement 04-Oct-17 10,119, ,700 Closing balance 31 December 1,869,177, ,120 Share issue costs (802) Share capital Issued Capital 215,318 15

16 Condensed Notes to the Consolidated Interim Financial Statements (continued) NOTE 13: EARNINGS PER SHARE NOTE 15: SHARE BASED PAYMENTS (a) Basic (loss)/earnings per share There were no share based payments made during the period. Loss for the period attributable to the equity holders of the Company (2,354) (533) Ordinary shares on issue 1,869,478,040 1,821,137,218 Weighted average number of ordinary shares 1,869,404,636 1,816,607,313 Basic loss per share (cents) (0.13) (0.03) (b) Diluted (loss)/earnings per share Diluted (loss) per share (cents) (0.13) (0.03) The calculation of diluted loss per share does not include potential ordinary shares on issue as doing so would have the effect of reducing the amount of the loss per share. NOTE 14: RESERVES (a) Foreign currency translation reserve Dec Balance at the beginning of the year (7,532) (5,815) Adjustment arising on translation to presentation currency 536 (1,717) Balance at the end of the year (6,996) (7,532) Table of share rights movements for the period ended 30 : Date Number of share rights Price Share rights Opening balance 1 January 423, Share rights converted 2-Jan-18 (162,615) 0.13 (22) Share rights converted 4-Apr-18 (137,882) 0.16 (22) Closing balance , NOTE 16: EVENTS OCCURRING AFTER THE REPORTING PERIOD On 14 August, the Company restructured its Standby Term Facility. The existing unsecured facility was increased from $3.25 million to $5.25 million on similar terms, and will be secured in accordance with the terms of the existing facility. In the Directors opinion, no other events or circumstances have arisen since the end of the financial period that have significantly affected or may significantly affect the operations of the Company or the Group, the results of those operations or the state of affairs of the Group in future financial years that have not been otherwise disclosed in this report. (b) Share based payments reserve Dec Balance at the beginning of the year 90 9,014 Transfer of lapsed options to retained earnings - (8,946) Share rights issued during the period - 88 Share rights converted during the period (44) (66) Balance at the end of the year Total reserves (6,950) (7,442) 16

17 Directors Declaration The Directors of the Company declare that: The financial statements and notes, as set out on pages 6 to 16: (a) comply with Accounting Standard AASB 134: Interim Financial Reporting and the Corporations Regulations 2001; and (b) give a true and fair view of the consolidated entity s financial position as at 30 and of its performance for the half-year ended on that date. In the Directors opinion there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable. Signed in Melbourne on the 23 rd day of August in accordance with a resolution of the Board of Directors. Feng Sheng Executive Chairman Kevin McGuinness Non-Executive Director 17

18 Independent Review Report to the Members of Terramin Australia Limited 18

19 Independent Review Report to the Members of Terramin Australia Limited (continued) TERRAMIN AUSTRALIA LIMITED & CONTROLLED ENTITIES 19

20 Unit Glen Osmond Road Fullarton, 5063 South Australia t: f: e: info@terramin.com.au w: TERRAMIN AUSTRALIA LIMITED

For personal use only

For personal use only ASX Announcement 31 August Interim Financial Accounts Terramin Australia Limited (ASX: TZN) is pleased to provide the Company s interim financial accounts for the half-year ending 30. The Board notes progress

More information

For personal use only

For personal use only ASX Announcement 29 August Interim Financial Accounts Terramin Australia Limited (ASX: TZN) is pleased to provide the Company s interim financial accounts for the period ending 30 June. The past 6 months

More information

Appendix 4E - Preliminary Final Report

Appendix 4E - Preliminary Final Report ASX Announcement 28 February 2018 Appendix 4E - Preliminary Final Report Terramin Australia Limited (ASX: TZN) is pleased to provide the Company s Preliminary Final Report (unaudited) for the year ended

More information

TERRAMIN AUSTRALIA LIMITED

TERRAMIN AUSTRALIA LIMITED TERRAMIN AUSTRALIA LIMITED ANNUAL REPORT CONTENT 3 About Terramin 4 Major Projects 6 Chairman s Review 8 Financial Report 9 Directors Report 20 Directors Declaration 21 Auditor s Independence Declaration

More information

Marmota Energy Limited and Controlled Entities

Marmota Energy Limited and Controlled Entities \ Marmota Energy Limited and Controlled Entities Consolidated Half-Year Financial Report 31 December 2012 CORPORATE DIRECTORY Marmota Energy Limited ACN 119 270 816 ABN 38 119 270 816 Incorporated in SA

More information

Appendix 4D. Half year report Period ending 31 December Results For Announcement To The Market. Name of entity HAOMA MINING NL

Appendix 4D. Half year report Period ending 31 December Results For Announcement To The Market. Name of entity HAOMA MINING NL Appendix 4D Half year report December 31, 2005 Appendix 4D Rule 4.2A.3 Half year report Period ending 31 December 2005 Results For Announcement To The Market Name of entity HAOMA MINING NL The following

More information

Appendix 4D. ABN Reporting period Previous corresponding December December 2007

Appendix 4D. ABN Reporting period Previous corresponding December December 2007 Integrated Research Limited Appendix 4D Half year report ---------------------------------------------------------------------------------------------------------------------------- Appendix 4D Half year

More information

Lincoln Minerals. Interim Financial Statements

Lincoln Minerals. Interim Financial Statements ABN 50 050 117 023 Lincoln Minerals Interim Financial Statements for the half-year ended 31 December 2018 DIRECTORS REPORT FOR THE HALF YEAR ENDED 31 DECEMBER 2018 The Directors present their report together

More information

FY2018 PRELIMINARY UNAUDITED FINANCIAL RESULTS

FY2018 PRELIMINARY UNAUDITED FINANCIAL RESULTS 30 AUGUST 2018 FY2018 PRELIMINARY FINANCIAL RESULTS Doray Minerals Limited ( Doray or the Company ) (ASX: DRM) is pleased to release its preliminary unaudited financial results for the year ended 30 June

More information

ABM RESOURCES NL AND CONTROLLED ENTITIES ABN

ABM RESOURCES NL AND CONTROLLED ENTITIES ABN ABM RESOURCES NL AND CONTROLLED ENTITIES ABN 58 009 127 020 INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER Contents ABN 58 009 127 020 ACN 009 127 020 Directors Dr Michael Etheridge (Chairman)

More information

GENESIS MINERALS LIMITED

GENESIS MINERALS LIMITED ABN 72 124 772 041 INTERIM FINANCIAL REPORT FOR THE HALF YEAR ENDED This interim financial report does not include all the notes of the type normally included in an annual financial report. This report

More information

FINANCIAL STATEMENTS. Contents Primary statements. Notes to the financial statements A Basis of preparation

FINANCIAL STATEMENTS. Contents Primary statements. Notes to the financial statements A Basis of preparation FINANCIAL STATEMENTS Contents Primary statements Consolidated income statement Consolidated statement of comprehensive income Consolidated balance sheet Consolidated statement of changes in equity Consolidated

More information

Financial Report. Half-year ended 31 December Nagambie Resources Limited and Controlled Entities

Financial Report. Half-year ended 31 December Nagambie Resources Limited and Controlled Entities Financial Report Half-year ended 31 December 2017 Nagambie Resources Limited and Controlled Entities Corporate Directory Corporate Directory NAGAMBIE RESOURCES LIMITED ABN 42 111 587 163 PRINCIPAL LEGAL

More information

Bassari Resources Limited ACN

Bassari Resources Limited ACN Bassari Resources Limited ACN 123 939 042 Half Year Report - 30 June 2017 ACN 123 939 042 DIRECTORS REPORT FOR THE HALF YEAR ENDED 30 JUNE 2017 Your Directors submit the consolidated financial statements

More information

For personal use only AND ITS CONTROLLED ENTITIES (ABN )

For personal use only AND ITS CONTROLLED ENTITIES (ABN ) AND ITS CONTROLLED ENTITIES (ABN 52 147 413 956) HALF YEAR REPORT for the financial period ended 31 December 2016 CONTENTS Corporate Directory... 1 Directors' Report... 2 1. Directors... 2 2. Principal

More information

APPENDIX 4D AND INTERIM FINANCIAL REPORT

APPENDIX 4D AND INTERIM FINANCIAL REPORT 25 February 2016 APPENDIX 4D AND INTERIM FINANCIAL REPORT Attached are the following reports relating to the interim financial results for Infigen Energy (ASX: IFN): Appendix 4D Half Year Report Infigen

More information

Financial Statements. Notes to the financial statements A Basis of preparation

Financial Statements. Notes to the financial statements A Basis of preparation Financial Statements Contents Primary statements Consolidated income statement Consolidated statement of comprehensive income Consolidated balance sheet Consolidated statement of changes in equity Consolidated

More information

ELEMENTOS LIMITED ABN

ELEMENTOS LIMITED ABN ELEMENTOS LIMITED ABN 49 138 468 756 CONSOLIDATED FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2017 1 Contents Cautionary Statements... 2 Mineral Resources and Ore Reserves... 3 Corporate Information...

More information

For personal use only

For personal use only To Company Announcements Office Facsimile 1300 135 638 Company ASX Limited Date 16 February 2017 From Helen Hardy Pages 72 Subject ORG Half Year Results for the period ended 31 December 2016 We attach

More information

ASX Appendix 4D. Half year report. Period ending on 31 December 2015 (prior corresponding period is 31 December 2014) DIVERSA LIMITED

ASX Appendix 4D. Half year report. Period ending on 31 December 2015 (prior corresponding period is 31 December 2014) DIVERSA LIMITED Diversa Limited ABN 60 079 201 835 Appendix 4D Half Year Report Period Ending 31 December 2015 ASX Appendix 4D Half year report Period ending on 31 December 2015 (prior corresponding period is 31 December

More information

For personal use only

For personal use only Financial Statements Berkut Minerals Limited For the period ended from incorporation to 30 June 2016 Berkut Minerals Limited financial statements ii Contents Page Directors Report 1 Auditor s Independence

More information

FY2017 PRELIMINARY UNAUDITED REPORT AND IMPAIRMENT

FY2017 PRELIMINARY UNAUDITED REPORT AND IMPAIRMENT ASX: DRM ASX Announcement 3031 August 2017 FY2017 PRELIMINARY REPORT AND IMPAIRMENT Cash flow from operating activities of $59.1 million Total group production of 102,054oz Au and 4,599t Cu Previously

More information

For personal use only

For personal use only Interim Financial Report 31 December 2016 Incorporating Appendix 4D Photo: Blackmans Open Pit Commencement TABLE OF CONTENTS INTERIM FINANCIAL REPORT 31 DECEMBER 2016 Appendix 4D Results for announcement

More information

For personal use only

For personal use only Interim Financial Report 31 December 2015 Incorporating Appendix 4D Photo: Blast Hole Drilling at Kathleen Valley Blast Hole Drilling TABLE OF CONTENTS INTERIM FINANCIAL REPORT 31 DECEMBER 2015 Appendix

More information

For personal use only

For personal use only To Company Announcements Office Company ASX Limited Date 23 August 2012 From Helen Hardy Pages 241 Subject RESULTS FOR ANNOUNCEMENT TO THE MARKET We attach the following documents relating to Origin Energy

More information

30 April 2018 Interim Condensed Financial Statements

30 April 2018 Interim Condensed Financial Statements ASX RELEASE 20 August 2018 ASX:TAW 30 April 2018 Interim Condensed Financial Statements CORPORATE DIRECTORY Non-Executive Chairman Robert Benussi Managing Director Mark Calderwood Non-Executive Directors

More information

Pacific Energy Limited (PEA) Appendix 4D Half Year Report for six months ended 31 December 2011

Pacific Energy Limited (PEA) Appendix 4D Half Year Report for six months ended 31 December 2011 Pacific Energy Limited (PEA) 22 009 191 744 Appendix 4D Half Year Report for six months ended 1. Details of reporting periods: Current reporting period : Six (6) months to Previous corresponding period

More information

Merlin Diamonds Limited ACN INTERIM FINANCIAL REPORT FOR THE HALF YEAR ENDED 31 DECEMBER 2017

Merlin Diamonds Limited ACN INTERIM FINANCIAL REPORT FOR THE HALF YEAR ENDED 31 DECEMBER 2017 ACN 009 153 119 INTERIM FINANCIAL REPORT FOR THE HALF YEAR ENDED 31 DECEMBER 2017 Table of Contents Page Chairman s Report 2 Directors Report 4 Auditor s Independence Declaration 5 Consolidated Statement

More information

For personal use only

For personal use only ABN 70 121 539 375 Interim Financial Report 31 December 2017 (ABN 70 121 539 375) CORPORATE INFORMATION Directors Mark Connelly (Non-Executive Chairman) Richard Hyde (Managing Director) Simon Storm (Non-Executive

More information

Net tangible asset backing per ordinary security down 30% to $3.46 $4.94

Net tangible asset backing per ordinary security down 30% to $3.46 $4.94 Origin Energy Limited and Controlled Entities Appendix 4E Results for announcement to the market 30 June 2017 Total Group Revenue ($million) up 16% to 14,107 12,174 Revenue ($million) - continuing operations

More information

ORION METALS LIMITED ACN

ORION METALS LIMITED ACN ORION METALS LIMITED ACN 096 142 737 INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 AUGUST 2017 Contents Page No. Corporate information 2 Directors report 3 Auditor s independence declaration 5 Half-year

More information

AVIRA ENERGY LIMITED (formerly known as MGT Resources Limited)

AVIRA ENERGY LIMITED (formerly known as MGT Resources Limited) AVIRA ENERGY LIMITED (formerly known as MGT Resources Limited) HALF-YEAR FINANCIAL REPORT 31 DECEMBER 2016 ACN 131 715 645 Table of Contents PAGE NO. Directors Report 3-7 Auditor s Independence Declaration

More information

For personal use only

For personal use only RENASCOR RESOURCES LIMITED AND SUBSIDIARIES A.B.N. 90 135 531 341 CONSOLIDATED FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2013 RENASCOR RESOURCES LIMITED CORPORATE DIRECTORY DIRECTORS David Christensen

More information

Contango MicroCap Limited and Controlled Entities ABN Financial report for the half-year ended 31 December 2016

Contango MicroCap Limited and Controlled Entities ABN Financial report for the half-year ended 31 December 2016 Contango MicroCap Limited and Controlled Entities Financial report for the half-year 31 December 2016 This half-year financial report is to be read in conjunction with the financial report for the year

More information

LogiCamms Limited ABN: Interim Financial Report

LogiCamms Limited ABN: Interim Financial Report ABN: 90 127 897 689 Interim Financial Report Contents Page Directors report 2 Auditor s Independence Declaration 4 Condensed consolidated statement of profit or loss and other comprehensive income 5 Condensed

More information

For personal use only

For personal use only Appendix 4D - Financial Report Half year ended 31 December 2018 Paladin Energy Ltd ABN or equivalent company reference ACN. 061 681 098 Results for announcement to the market 31 December 2018 31 December

More information

LogiCamms Limited ABN

LogiCamms Limited ABN ABN 90 127 897 689 Interim Financial Report 31 December 2015 1 Contents Page Directors report 3 Lead auditor s independence declaration 5 Condensed consolidated statement of financial position 6 Condensed

More information

For personal use only

For personal use only ABN 85 061 289 218 Interim Financial Report 31 December 2016 31 DECEMBER 2016 Table of Contents Page Number Corporate Directory... 2 Directors Report........ 3 Condensed Statement of Comprehensive Income.....

More information

Frontier Rare Earths Limited

Frontier Rare Earths Limited Frontier Rare Earths Limited Report and Consolidated Financial Statements for the year ended December 31, 2015 Table of Contents Page: Independent auditor s report 3 Statement of Directors Responsibilities

More information

ABN GINDALBIE METALS LTD

ABN GINDALBIE METALS LTD ABN 24 060 857 614 GINDALBIE METALS LTD INTERIM FINANCIAL REPORT 31 DECEMBER 2016 DIRECTORS REPORT The directors present their report together with the financial report for the half-year ended 31 December

More information

TERRAMIN AUSTRALIA LIMITED. Annual General Meeting

TERRAMIN AUSTRALIA LIMITED. Annual General Meeting TERRAMIN AUSTRALIA LIMITED Annual General Meeting 17 May 2017 Disclaimer & Competent Person Statement Disclaimer This presentation has been prepared by Terramin Australia Limited (Terramin). It is current

More information

For personal use only

For personal use only ABN 28 106 866 442 INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER This interim financial report does not include all the notes of the type normally included in an annual financial report.

More information

Arc Exploration Limited A.B.N INTERIM REPORT FOR THE HALF YEAR ENDED 30 JUNE 2017

Arc Exploration Limited A.B.N INTERIM REPORT FOR THE HALF YEAR ENDED 30 JUNE 2017 Arc Exploration Limited A.B.N. 48 002 678 640 INTERIM REPORT Directors' Report 2 Auditors' Independence Declaration 4 Consolidated Statement of Profit or Loss and Other Comprehensive Income 5 Consolidated

More information

BOOM LOGISTICS LIMITED

BOOM LOGISTICS LIMITED BOOM LOGISTICS LIMITED ABN 28 095 466 961 Interim Financial Report for the six months ended 31 December 2015 Table of Contents Note Description Page Directors' Report 3 Auditor's Independence Declaration

More information

Appendix 4D. eservglobal Limited ABN

Appendix 4D. eservglobal Limited ABN Appendix 4D eservglobal Limited ABN 59 052 947 743 Half-year report and appendix 4D for the half-year ended 30 April 2017 The half-year financial report does not include notes of the type normally included

More information

CITIGROUP GLOBAL MARKETS AUSTRALIA PTY LIMITED

CITIGROUP GLOBAL MARKETS AUSTRALIA PTY LIMITED CITIGROUP GLOBAL MARKETS AUSTRALIA PTY LIMITED ANNUAL FINANCIAL REPORT 31st DECEMBER, 2017 ABN: 64 003 114 832 Registered office Citigroup Centre 2 Park Street Sydney NSW 2000 TABLE OF CONTENTS Page No

More information

Origin Energy Limited and its Controlled Entities. Appendix 4D 31 December 2013

Origin Energy Limited and its Controlled Entities. Appendix 4D 31 December 2013 Appendix 4D 31 December 2013 Origin Energy Limited ABN 30 000 051 696 Appendix 4D Results for announcement to the market 31 December 2013 31 December 31 December 2013 2012 $million $million Revenue down

More information

For personal use only

For personal use only ABN 19 158 270 627 Annual Report - Directors' report The directors present their report, together with the financial statements, on the company for the year ended. Director The following persons were directors

More information

KRESTA HOLDINGS LIMITED HALF YEAR REPORT. Kresta Holdings Limited ACN Half-Year Financial Report

KRESTA HOLDINGS LIMITED HALF YEAR REPORT. Kresta Holdings Limited ACN Half-Year Financial Report Kresta Holdings Limited ACN 008 675 803 Half-Year Financial Report 30 2017 Contents Corporate information... 1 Directors report... 2 Auditor s Independence Declaration... 4 Consolidated statement of comprehensive

More information

Half-Year Financial Report 31 December 2016

Half-Year Financial Report 31 December 2016 ACN 009 067 476 Half-Year Financial Report 31 December This interim financial report does not include all the notes of the type normally included in an annual financial report. Accordingly, this report

More information

APPENDIX 4E - PRELIMINARY FINANCIAL REPORT

APPENDIX 4E - PRELIMINARY FINANCIAL REPORT APPENDIX 4E - PRELIMINARY FINANCIAL REPORT (Rules 4.3A) Name of entity: PAPERLINX LIMITED ABN: 70 005 146 350 For the year ended: 30 June 2013 Previous corresponding period: 30 June 2012 Results for announcement

More information

For personal use only

For personal use only KILGORE OIL & GAS HALF YEAR REPORT TO 31 DECEMBER 2008 Red Sky Energy Limited INTERIM FINANCIAL REPORT FOR THE HALF YEAR ENDED 30 JUNE 2017 THE INFORMATION CONTAINED IN THIS DOCUMENT SHOULD BE READ IN

More information

Information for the half-year ended 31 December 2004 given to ASX under listing rule 4.2A

Information for the half-year ended 31 December 2004 given to ASX under listing rule 4.2A WESFARMERS LIMITED ABN 28 008 984 049 APPENDIX 4D HALF-YEAR REPORT Information for the half-year ended 31 given to ASX under listing rule 4.2A (Comparative information is for the half-year ended 31 ) Results

More information

Appendix 4E. Preliminary final report Current Reporting Period: 52 weeks ended 28 July 2018 Previous Corresponding Period: 52 weeks ended 29 July 2017

Appendix 4E. Preliminary final report Current Reporting Period: 52 weeks ended 28 July 2018 Previous Corresponding Period: 52 weeks ended 29 July 2017 Appendix 4E (rule 4.3A) Preliminary final report 52 weeks ended on 28 July Appendix 4E Preliminary final report Current Reporting Period: 52 weeks ended 28 July Previous Corresponding Period: 52 weeks

More information

Mining and Metallurgical Company Norilsk Nickel. Consolidated financial statements for the year ended 31 December 2015

Mining and Metallurgical Company Norilsk Nickel. Consolidated financial statements for the year ended 31 December 2015 Mining and Metallurgical Company Norilsk Nickel Consolidated financial statements for the year ended 31 December 2015 CONSOLIDATED FINANCIAL STATEMENTS INDEX Page Statement of management s responsibilities

More information

Makabingui Gold Project

Makabingui Gold Project 26 April 2018 Bassari Resources Limited is an Australian ASXlisted company focused on discovering and developing multimillion ounce gold deposits in the Birimian Gold Belt, Senegal, West Africa. FAST FACTS

More information

In accordance with the Listing Rules, following are the Half-Year Report Appendix 4D and the Half-Year Financial Report at 31 December 2017.

In accordance with the Listing Rules, following are the Half-Year Report Appendix 4D and the Half-Year Financial Report at 31 December 2017. 21 February 2018 Company Announcements Office Australian Securities Exchange Limited Level 6, 20 Bridge Street Sydney NSW 2000 By electronic lodgment Total Pages: 35 (including covering letter) Dear Sir

More information

For personal use only

For personal use only ACN 008 719 015 HALF YEAR REPORT 31 DECEMBER 2017 This financial report covers the consolidated entity consisting of Adavale Resources Limited and it s controlled entities. This Interim Financial Report

More information

For personal use only

For personal use only To Company Announcements Office Facsimile 1300 135 638 Company ASX Limited Date 18 August 2016 From Helen Hardy Pages 199 Subject Full Year Results Financial Year Ended 30 June 2016 We attach the following

More information

Appendix 4D. Half Year Report Half year ended 31 December (previous period) December December 2016

Appendix 4D. Half Year Report Half year ended 31 December (previous period) December December 2016 Rubicor Group Limited Half Year Report Half Year Ended 31 December 2017 Appendix 4D Half Year Report Half year ended 31 December 2017 Name of entity Rubicor Group Limited ABN Half year ended (current period)

More information

For personal use only ABN

For personal use only ABN ABN 33 124 792 132 Financial statements for the half year ended 30 June 2011 Corporate directory Corporate directory Board of Directors Mr Murray McDonald Mr Ian Cowden Ms Emma Gilbert Company Secretary

More information

APPENDIX 4D: HALF YEAR REPORT FOR THE PERIOD ENDED 31 DECEMBER 2018

APPENDIX 4D: HALF YEAR REPORT FOR THE PERIOD ENDED 31 DECEMBER 2018 ASX: NST APPENDIX 4D: HALF YEAR REPORT FOR THE PERIOD ENDED 31 DECEMBER Results for announcement to the market Half-year ended Half-year ended 2017 (previous corresponding period) Revenue from ordinary

More information

Half Year Report SMS MANAGEMENT & TECHNOLOGY LIMITED ABN

Half Year Report SMS MANAGEMENT & TECHNOLOGY LIMITED ABN Appendix 4D Listing Rule 4.2A.3 Half Year Report SMS MANAGEMENT & TECHNOLOGY LIMITED ABN 49 009 558 865 1) Details of the reporting period and the previous corresponding period Reporting period: Half year

More information

Traka Resources Limited

Traka Resources Limited Traka Resources Limited ABN: 63 103 323 173 22 February 2019 Market Announcements ASX Limited Level 4, 20 Bridge Street SYDNEY NSW 2000 Dear Sir / Madam Interim Financial Report for the half year ended

More information

ACN INTERIM FINANCIAL REPORT 31 DECEMBER 2015

ACN INTERIM FINANCIAL REPORT 31 DECEMBER 2015 ACN 118 913 232 INTERIM FINANCIAL REPORT 31 DECEMBER 2015 Note: The information contained in this condensed report is to be read in conjunction with Namibian Copper NL s 2015 annual report and any announcements

More information

For personal use only

For personal use only STRATOS RESOURCES LIMITED ABN 82 110 884 252 HALF-YEAR FINANCIAL REPORT 31 DECEMBER CORPORATE DIRECTORY DIRECTORS Neil Hackett James Thompson Piers Lewis SECRETARY Neil Hackett Piers Lewis REGISTERED AND

More information

Mithril Resources Ltd

Mithril Resources Ltd Mithril Resources Ltd ABN 30 099 883 922 Half Year Report for the half year ended 31 December 2015 1 Contents to Half Year Report Directors Report... 3 Auditor's Independence Declaration... 8 Interim consolidated

More information

Viva Energy Holding Pty Limited and controlled entities. Financial statements for the year ended 31 December 2017 ABN:

Viva Energy Holding Pty Limited and controlled entities. Financial statements for the year ended 31 December 2017 ABN: Viva Energy Holding Pty Limited and controlled entities Financial statements for the year ended 31 December 2017 ABN: 59 167 883 525 Contents Viva Energy Holding Pty Limited and controlled entities Consolidated

More information

Appendix 4D. Half Year Report Half year ended 31 December (previous period) December December 2015

Appendix 4D. Half Year Report Half year ended 31 December (previous period) December December 2015 Rubicor Group Limited Half Year Report Half Year Ended 31 December 2016 Appendix 4D Half Year Report Half year ended 31 December 2016 Name of entity Rubicor Group Limited ABN Half year ended (current period)

More information

For personal use only

For personal use only HANSEN TECHNOLOGIES LTD ABN 90 090 996 455 AND CONTROLLED ENTITIES FINANCIAL INFORMATION FOR THE YEAR ENDED 30 JUNE PROVIDED TO THE ASX UNDER LISTING RULE 4.3A - Rule 4.3A Appendix 4E Preliminary Final

More information

Petratherm Ltd ACN Half Year Report

Petratherm Ltd ACN Half Year Report Petratherm Ltd ACN 106 806 884 Half Year Report for the half year ended 31 December 2012 1 Contents to Half Year Report Directors Report... 3 Auditor's Independence Declaration... 8 Interim consolidated

More information

For personal use only

For personal use only Appendix 4E Preliminary Final Report Name of Entity: China Magnesium Corporation Limited ABN: 14 125 236 731 Reporting Period - year ended: 30 June Previous corresponding period period ended 30 June Results

More information

KASBAH RESOURCES LIMITED ACN Condensed Consolidated Interim Financial Report

KASBAH RESOURCES LIMITED ACN Condensed Consolidated Interim Financial Report KASBAH RESOURCES LIMITED ACN 116 931 705 Condensed Interim Financial Report For the Half Year Ended Corporate Directory Directors John Gooding (Non-executive Chairman) Graham Freestone (Non-executive Director)

More information

AUSTRALIAN UNITED RETAILERS LIMITED ABN: AND CONTROLLED ENTITIES FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2016

AUSTRALIAN UNITED RETAILERS LIMITED ABN: AND CONTROLLED ENTITIES FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2016 AUSTRALIAN UNITED RETAILERS LIMITED AND CONTROLLED ENTITIES FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2016 This half-year financial report is to be read in conjunction with the financial report

More information

Caeneus Minerals Ltd ABN and its controlled entities

Caeneus Minerals Ltd ABN and its controlled entities ABN 42 082 593 235 and its controlled entities Half year report for the half-year ended 31 December 2015 Corporate directory Caeneus Minerals Ltd Board of Directors Mr Steven Elliott Mr Keith Bowker Mr

More information

van Eyk Blueprint International Shares Fund ARSN Annual report - 30 June 2017

van Eyk Blueprint International Shares Fund ARSN Annual report - 30 June 2017 van Eyk Blueprint International Shares Fund ARSN 103 447 481 Annual report - 30 June 2017 ARSN 103 447 481 Annual report - 30 June 2017 Contents Page Directors' Report 1 Auditor's Independence Declaration

More information

For personal use only

For personal use only ADG GLOBAL SUPPLY LIMITED ABN 16 082 341 197 For the Financial Year ended 30 June 2013 This Preliminary Final Report is provided to the Australian Securities Exchange (ASX) under ASX Listing Rule 4.3A.

More information

Keybridge Capital Limited and Controlled Entities ABN December 2009 Interim Financial Report

Keybridge Capital Limited and Controlled Entities ABN December 2009 Interim Financial Report Keybridge Capital Limited and Controlled Entities 31 December 2009 Interim Financial Report Contents Directors report 1 Lead auditor s independence declaration 4 Statement of comprehensive income 5 Statement

More information

ACN INTERIM FINANCIAL REPORT 31 DECEMBER 2014

ACN INTERIM FINANCIAL REPORT 31 DECEMBER 2014 ACN 118 913 232 INTERIM FINANCIAL REPORT 31 DECEMBER 2014 Note: The information contained in this condensed report is to be read in conjunction with Namibian Copper NL s 2014 annual report and any announcements

More information

For personal use only

For personal use only SOUTH PACIFIC RESOURCES LTD ABN 30 073 099 171 INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2016 TABLE OF CONTENTS Pages Corporate Directory 1 Directors Report 2 Directors Declaration 4

More information

For personal use only

For personal use only Appendix 4D Interim Financial Report Appendix 4D Interim Financial Report for Half Year Ended ABN 46 139 461 733 Name of Entity: ASTIVITA LIMITED Current period: 1 July to Previous corresponding period:

More information

From continuing operations ($million) up nm* to 280 (2,052) From discontinued operations ($million) down 64% to (62) (174)

From continuing operations ($million) up nm* to 280 (2,052) From discontinued operations ($million) down 64% to (62) (174) Origin Energy Limited and Controlled Entities Appendix 4E Results for announcement to the market 30 June 2018 Total Group Revenue ($million) up 6% to 14,883 14,107 Revenue ($million) - continuing operations

More information

Expenses Impairment - Production 7 - (6,386) Exploration and evaluation expenditure 9 (1,509) (8,369) Administration expenses 8 (2,361) (5,128)

Expenses Impairment - Production 7 - (6,386) Exploration and evaluation expenditure 9 (1,509) (8,369) Administration expenses 8 (2,361) (5,128) Statement of profit or loss and other comprehensive income For the year ended 30 June Note Revenue Production revenue from continuing operations 24,547 35,000 Production costs 5 (16,526) (21,860) Gross

More information

Metallica Minerals Limited

Metallica Minerals Limited ACN 076 696 092 Interim Financial Report - Corporate directory Directors P Turnbull - Non-executive Chairman (appointed 12 December 2016) A L Gillies - Non-executive Director Wu Shu - Non-executive Director

More information

Appendix 4D. Half Year Report. ABN Reporting period ("2018) Previous Corresponding period ("2017")

Appendix 4D. Half Year Report. ABN Reporting period (2018) Previous Corresponding period (2017) Appendix 4D Half Year Report Name of Entity Devine Limited ABN Reporting period ("2018) Previous Corresponding period ("2017") 51 010 769 365 30 June 2018 30 June 2017 Results for announcement to the market

More information

Appendix 4D Half-Year Report for the six months to 31 December 2016 Name of entity: ABN or equivalent company reference: CSG Limited and its controlle

Appendix 4D Half-Year Report for the six months to 31 December 2016 Name of entity: ABN or equivalent company reference: CSG Limited and its controlle CSG Limited Level 1, 357 Collins Street MELBOURNE VIC 3000 Tel: 07 3840-1234 Fax: 07 3840-1266 Email: investor@csg.com.au Website: www.csg.com.au APPENDIX 4D CSG LIMITED AND CONTROLLED ENTITIES HALF-YEAR

More information

For personal use only

For personal use only ABN 23 124 140 889 and its controlled entities Half year report for the half-year ended 31 December 2016 Company Directory Board of Directors Mr Patrick Corr Mr Peter van der Borgh Mr Benjamin Sharp Mr

More information

Lincoln Minerals. Interim Financial Statements

Lincoln Minerals. Interim Financial Statements ABN 50 050 117 023 Lincoln Minerals Interim Financial Statements for the half-year ended 31 December 2016 DIRECTORS REPORT FOR THE HALF YEAR ENDED 31 DECEMBER 2016 The Directors present their report together

More information

Kresta. For personal use only. Kresta Holdings Limited ACN Half-Year Financial Report. (a)

Kresta. For personal use only. Kresta Holdings Limited ACN Half-Year Financial Report. (a) (a) Kresta Kresta Holdings Limited ACN 008 675 803 Half-Year Financial Report 30 2016 Contents Corporate information 1 Directors report 2 Auditor s Independence Declaration 4 Consolidated statement of

More information

Appendix 4E. Preliminary final report Current Reporting Period: 52 weeks ended 29 July 2017 Previous Corresponding Period: 53 weeks ended 30 July 2016

Appendix 4E. Preliminary final report Current Reporting Period: 52 weeks ended 29 July 2017 Previous Corresponding Period: 53 weeks ended 30 July 2016 Appendix 4E (rule 4.3A) Preliminary final report 52 weeks ended on 29 July Appendix 4E Preliminary final report Current Reporting Period: 52 weeks ended 29 July Previous Corresponding Period: 53 weeks

More information

Announcement to the Market 28 February 2011

Announcement to the Market 28 February 2011 Announcement to the Market 28 February 2011 Six month results to 31 December 2010 Attached are the Appendix 4D and the Half Year Financial Report for the six months to 31 December 2010 for Centrepoint

More information

TERRAMIN AUSTRALIA LIMITED. Annual General Meeting

TERRAMIN AUSTRALIA LIMITED. Annual General Meeting TERRAMIN AUSTRALIA LIMITED Annual General Meeting 30 May 2018 Disclaimer & Competent Person Statement Disclaimer This presentation has been prepared by Terramin Australia Limited (Terramin). It is current

More information

METALS FINANCE LIMITED (ABN ) CONSOLIDATED INTERIM FINANCIAL REPORT FOR THE HALF YEAR ENDED 28 FEBRUARY 2014

METALS FINANCE LIMITED (ABN ) CONSOLIDATED INTERIM FINANCIAL REPORT FOR THE HALF YEAR ENDED 28 FEBRUARY 2014 METALS FINANCE LIMITED (ABN 83 127 131 604) CONSOLIDATED INTERIM FINANCIAL REPORT FOR THE HALF YEAR ENDED 28 FEBRUARY 2014 CONTENTS CONTENTS... 2 CORPORATE INFORMATION... 3 DIRECTORS REPORT... 4 DECLARATION

More information

JUPITER MINES LIMITED

JUPITER MINES LIMITED JUPITER MINES LIMITED ABN 51 105 991 740 AND ITS CONTROLLED ENTITIES INTERIM FINANCIAL REPORT CONTENTS PAGE(S) Directors Report 2-3 Auditor s Independence Declaration 4 Consolidated Statement of Profit

More information

IQ3CORP LTD ACN

IQ3CORP LTD ACN IQ3CORP LTD ACN 160 238 282 Appendix 4D and Half Year Financial Results For the 6 Months Ended 31 December ASX Appendix 4D IQ3CORP LTD Provided below are the results for announcement to the market in accordance

More information

Independent Auditor s Report to the Members of Caltex Australia Limited

Independent Auditor s Report to the Members of Caltex Australia Limited 61 Independent Auditor s Report to the Members of Caltex Australia Limited Report on the financial report We have audited the accompanying financial report of Caltex Australia Limited (the Company), which

More information

NEWCREST MINING LIMITED ABN:

NEWCREST MINING LIMITED ABN: ABN: 20 005 683 625 ASX Full-year information 30 June 2007 Lodged with the ASX under Listing Rule 4.3A Contents Results for announcement to the market Additional financial information Additional information

More information

Half-year Financial Report

Half-year Financial Report Half-year Financial Report 31 December 2016 ABN 14 118 619 042 Half-year Report - 31 December 2016 1 Directors Report Directors' Report The directors present their report on the consolidated entity consisting

More information

FARM PRIDE FOODS LIMITED ABN AND CONTROLLED ENTITIES HALF-YEAR INFORMATION FOR THE SIX MONTHS ENDED 31 DECEMBER 2018

FARM PRIDE FOODS LIMITED ABN AND CONTROLLED ENTITIES HALF-YEAR INFORMATION FOR THE SIX MONTHS ENDED 31 DECEMBER 2018 FARM PRIDE FOODS LIMITED AND CONTROLLED ENTITIES HALF-YEAR INFORMATION FOR THE SIX MONTHS ENDED 31 DECEMBER 2018 PROVIDED TO THE ASX UNDER LISTING RULE 4.2A.3 This half-year financial report is to be read

More information

International Equities Corporation Ltd

International Equities Corporation Ltd International Equities Corporation Ltd and Controlled Entities ABN 97 009 089 696 PRELIMINARY FINAL REPORT FOR YEAR ENDED 30 JUNE 2009 APPENDIX 4E APPENDIX 4E PRELIMINARY FINAL REPORT FOR YEAR ENDED 30

More information