ASX: EXU QUARTERLY ACTIVITY REPORT FOR THE PERIOD ENDED 31 MARCH 2015 HIGHLIGHTS

Transcription

1 30 April 2015 ASX: EXU QUARTERLY ACTIVITY REPORT FOR THE PERIOD ENDED 31 MARCH 2015 HIGHLIGHTS Extensive evaluation undertaken on new project opportunities. In April 2015, the Company entered into a conditional, binding heads of agreement for a scrip merger with Auzex Exploration Limited ( Auzex ) by way of a scheme of arrangement. Perthbased explorer Explaurum Limited (ASX: EXU) is pleased to report its activities for the March 2015 quarter. LYONS PROJECT, WESTERN AUSTRALIA (100%) The Lyons Project, located about 230km northwest of Meekatharra and 65km west of the Abra polymetallic deposit, covers a highly prospective portion of the Edmund Subgroup of the Western (lower) Bangemall Basin close to the northern margin of the Yilgarn Craton or reworked lower Proterozoic Craton remnants. Further desktop work was undertaken on the Project during the Quarter pending commencement of the 2015 field season. OTHER PROJECTS During the quarter the Company continued to review new project opportunities to complement the existing asset portfolio. Subsequent to quarter end, the Company entered into a Heads of Agreement ( HOA ) to acquire 100% of Auzex which holds 80% of the Tampia Gold project ( Tampia ), a high grade shallow gold project located approximately 300km east of Perth, WA. Auzex, an unlisted public company also holds other noncore gold, copper, tin and tungsten exploration projects located throughout Australia. The acquisition will be conducted via a Scheme of Arrangement of Auzex Shareholders. For details of the terms of the agreement with Auzex, refer the news release issued by the Company on 30 April Registered Office: L evel1,s uite5,t hebusinesscentre,55s alvador oad,s ubiacow esternaustralia6008 Postal Address: P O Box 131,S ubiacow esternaustralia6904 Contact Details: T elephone Facsim ile Em ail:info@ explaurum.com.au 1

2 For more information contact: Mark Calderwood Nathan Ryan Technical Director Investor Relations Explaurum Limited NWR Communications Tel: mcalderwood@explaurum.com.au nathan.ryan@nwrcommunications.com.au Or visit: Competent Person s Statement Th e inform ation in th isre p ort th at re late sto th e LyonsProje ct wasfirst re p orte d b y th e Com p any in com p liance with JORC 2012 in a m arke t re le ase date d 30 January Th e Com p any confirm sth at it is not aware of any ne w inform ation or data th at m ate rially affe ctsth e inform ation include d in th e m arke t announce m e nt date d 30 January

3 Explaurum Limited Schedule of Mining Tenements and Beneficial Interests Held as at the end of the March 2015 Quarter Project/Location Country Tenement Percentage held/earning Lyons Project Meekatharra Australia E52/2883, E52/2906, E52/2974 and E52/ % 1 1 In the event that Explaurum sells or enters into a Joint Venture on the Lyons project, Mr Calderwood or his nominee will be entitled to a production royalty equal to 1% on minerals sold. Schedule of Mining Tenements and Beneficial Interests Acquired during the March 2015 Quarter Project/Location Country Tenement Granted Date N/A Schedule of Mining Tenements and Beneficial Interests Disposed of during the March 2015 Quarter Project/Location Country Tenement Withdrawal Date N/A 3

4 A ppendix 5B Rule 5.3 Introd u ced 1/7 /96.O rigin:a ppend ix 8.A mend ed 1/7 /97,1/7 /98,30/9/2001. N ame of entity EX P L A URUM L IM ITED A B N Q u arterend ed ( cu rrentqu arter ) M arch2015 C onsolid ated statementof cashflows C ashflows related to operatingactivities C u rrentqu arter Y earto d ate (9 months) 1.1 Receipts from sales 1.2 P ayments for (a) ex ploration and evalu ation (b) d evelopment (c) prod u ction (d ) ad ministration (19) (41) (48 ) (204) 1.3 D ivid end s received 1.4 Interest and other items of a similar natu re received Interestand othercosts of finance paid 1.6 Income tax es paid 1.7 O therrevenu es N eto peratingc ashflows (59) (247 ) C ashflows related to investingactivities 1.8 P aymentforpu rchases of: (a)prospects (b)equ ity investments (c)otherfix ed assets 1.9 P roceed s from sale of: (a)prospects (b)equ ity investments (c)otherfix ed assets 1.10 L oans to otherentities 1.11 L oans repaid by otherentities 1.12 O ther N etinvestingcashflows 1.13 Total operating and investing cash flows (carried forward ) (59) (247 ) A ppend ix 5B P age 4 30/9/2001

5 1.13 Total operating and investing cash flows (brou ght forward ) (59) (247 ) C ashflows related to financingactivities 1.14 P roceed s from issu es of shares,options,etc P roceed s from sale of forfeited shares 1.16 P roceed s from borrowings 1.17 Repaymentof borrowings 1.18 D ivid end s paid 1.19 O thercosts of share issu es N etfinancingcashflows N etincrease (d ecrease)in cashheld (59) (247 ) 1.20 C ashatbeginningof qu arter/yearto d ate Exchange rate ad ju stments to item C ashatend of qu arter P ayments to directors of the entityand associates of the directors P ayments to related entities of the entityand associates of the related entities C u rrentqu arter $A ' A ggregate amou ntof payments to the parties inclu d ed in item A ggregate amou ntof loans to the parties inclu d ed in item E x planation necessary foran u nd erstand ingof the transactions Relates to D irectors fees and salaries forexecu tive and nonexecu tive d irectors and payments mad e forcompany secretarialservices and occu pancy ex penses. N oncashfinancingand investingactivities 2.1 D etails of financing and investing transactions which have had a materialeffecton consolid ated assets and liabilities bu td id notinvolve cashflows N /A. 2.2 D etails of ou tlays mad e by otherentities to establish orincrease theirshare in projects in whichthe reportingentity has an interest N /A 30/9/2001 A ppend ix 5B P age 5

6 Financingfacilities available Add notes as necessary for an understanding of the position. A mou ntavailable A mou ntu sed 3.1 L oan facilities 3.2 C red itstand by arrangements E stimated cashou tflows fornex tqu arter 4.1 E x ploration and evalu ation 4.2 D evelopment 4.3 P rod u ction 4.4 A d ministration Total 130 Reconciliation of cash Reconciliation of cash at the end of the qu arter (as shown in the consolid ated statementof cash flows) to the related items in the accou nts is as fo lows. C u rrentqu arter P reviou s qu arter 5.1 C ashon hand and atbank D eposits atcal 5.3 B ankoverd raft 5.4 O ther Total:cashatend of qu arter(item 1.22) C hanges in interests in miningtenements 6.1 Interests in mining tenements relinqu ished,red u ced orlapsed 6.2 Interests in mining tenements acqu ired or increased Tenementreference N atu re of interest (note (2) Interestat beginningof qu arter Interestat end of qu arter A ppend ix 5B P age 6 30/9/2001

7 Issu ed and qu oted secu rities atend of cu rrentqu arter Description includes rate of interest and any redemption or conversion rights together with prices and dates. 7.1 P reference + secu rities (description) 7.2 C hanges d u ring qu arter Totalnu mber N u mberqu oted Issu e price per A mou nt paid u p secu rity(cents) persecu rity(cents) O rdinarysecu rities 256,490, ,490,660 C hanges d u ring 7.4 qu arter C onvertible debt secu rities (description) 7.6 C hanges d u ring qu arter 7.7 O ptions (description and conversion factor) Exercise price Expiry date 7.8 Issu ed d u ringqu arter 7.9 Exercised d u ring qu arter 7.10 C ance led /Expired d u ringqu arter 7.11 D ebentu res (totals only) 7.12 Unsecu red notes (totals only) 30/9/2001 A ppend ix 5B P age 7

8 C ompliance statement 1 This statement has been prepared u nd er accou nting policies which comply with accou ntingstand ard s as d efined in the C orporations A ctorotherstand ard s acceptable to A SX (see note 4). 2 This statementd oes give atru e and fairview of the matters d isclosed. Sign here:. D ate:30 A pril20 15 (C ompany secretary) P rintname: P au lju rman N otes 1 The qu arterly report provid es a basis for informing the market how the entity s activities have been financed forthe pastqu arterand the effecton its cash position. A n entity wantingto d isclose ad d itionalinformation is encou raged to d o so,in anote ornotes attached to this report. 2 The N atu re of interest (items 6.1 and 6.2)inclu d es options in respectof interests in mining tenements acqu ired,ex ercised or lapsed d u ring the reporting period. If the entity is involved in a jointventu re agreementand there are cond itions preced ent whichwilchange its percentage interestin aminingtenement,itshou ld d isclose the change of percentage interestand cond itions preced entin the listrequ ired foritems 6.1 and Issu ed and qu oted secu rities.the issu e price and amou ntpaid u pis notrequ ired in items 7.1 and 7.3 forfu ly paid secu rities. 4 The d efinitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report. 5 A ccou nting S tand ard s A SX wil accept,for ex ample,the u se of International A ccou nting Stand ard s for foreign entities. If the stand ard s u sed d o notad d ress a topic,the A u stralian stand ard on thattopic (if any)mu stbe complied with. A ppend ix 5B P age 8 30/9/2001