Announcement PDF Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report 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, 01/05/2013 Name of entity VENTURE MINERALS LIMITED Quarter ended (“current quarter”) ABN 51 119 678 385 31 December 2015 Consolidated statement of cash flows Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for 1.3 1.4 Dividends received Interest and other items of a similar nature received Interest and other costs of finance paid Income taxes paid Other – R&D Incentive Scheme Refund 1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 Year to date (6 Months) $A’000 Current quarter $A’000 - - (319) (224) (687) (479) 21 47 - - Net Operating Cash Flows (522) (1,119) Cash flows related to investing activities Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets Loans to other entities Loans repaid by other entities Other –project bonds 145 6 145 556 151 701 (371) (418) (a) exploration & evaluation (b) pre-development (c) production (d) administration Net investing cash flows Total operating and investing cash flows (carried forward) + See chapter 19 for defined terms. 01/05/2013 Appendix 5B Page 1 Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report 1.13 Total operating and investing cash flows (brought forward) (371) (418) Cash flows related to financing activities Proceeds from issues of shares, options, etc. Proceeds from sale of forfeited shares Proceeds from borrowings Repayment of borrowings Dividends paid Other (provide details if material) 661 (44) 661 (44) 617 617 Net increase (decrease) in cash held 246 199 1.20 1.21 Cash at beginning of quarter/year to date Exchange rate adjustments to item 1.20 3,214 - 3,261 - 1.22 Cash at end of quarter 3,460 3,460 1.14 1.15 1.16 1.17 1.18 1.19 Net financing cash flows Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities Current quarter $A'000 1.23 Aggregate amount of payments to the parties included in item 1.2 112 1.24 Aggregate amount of loans to the parties included in item 1.10 - 1.25 Explanation necessary for an understanding of the transactions Payments to Directors Director Fees, Executive Directors’ Salaries and Superannuation 103 Payments to Director related entities Gryphon Minerals Limited (Recharge of shared resources and office costs) 9 Non-cash financing and investing activities 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows Nil 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest Nil + See chapter 19 for defined terms. Appendix 5B Page 2 01/05/2013 Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report Financing facilities available Add notes as necessary for an understanding of the position. Amount available $A’000 Amount used $A’000 3.1 Loan facilities - - 3.2 Credit standby arrangements - - Estimated cash outflows for next quarter $A’000 4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration 300 201 501 Total Reconciliation of cash Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows. Current quarter $A’000 Previous quarter $A’000 5.1 Cash on hand and at bank 1,210 714 5.2 Deposits at call 2,250 2,500 5.3 Bank overdraft - - 5.4 Other (provide details) - - 3,460 3,214 Total: available cash at end of quarter (item 1.22) + See chapter 19 for defined terms. 01/05/2013 Appendix 5B Page 3 Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report Changes in interests in mining tenements and petroleum tenements Tenement reference and location 6.1 6.2 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed Interests in mining tenements and petroleum tenements acquired or increased Nature of interest (note (2)) Interest at beginning of quarter Interest at end of quarter Nil Nil Issued and quoted securities at end of current quarter Description includes rate of interest and any redemption or conversion rights together with prices and dates. Total number 7.1 Preference +securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions 7.3 7.5 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs Amount paid up per security (see note 3) (cents) - - - - - - - - - - - - 316,052,187 316,052,187 - - 28,732,017 28,732,017 0.023 0.023 - - - - - - - - - - - - - - - - +Convertible debt securities (description) 7.6 Issue price per security (see note 3) (cents) +Ordinary securities 7.4 Number quoted Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted + See chapter 19 for defined terms. Appendix 5B Page 4 01/05/2013 Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report 7.7 7.8 7.9 7.10 7.11 7.12 Options (description and conversion factor) Issued during quarter Exercised during quarter Expired during quarter 1,000,000 2,000,000 2,500,000 24,297,000 29,797,000 24,297,000 - Exercise price 45.0 cents 50.0 cents 55.0 cents 0.001 cents Expiry date See note “A” See note “B” See note “C” 31 August 2020 - 0.001 cents 31 August 2020 - - - - - - - - - - - - Debentures (totals only) Unsecured notes (totals only) Note A: Options vest upon successfully obtaining project finance for the Mt Lindsay Tin/Tungsten project and expire 18 months after vesting date. Note B: Options vest upon first shipment of DSO ore and expire 18 months after vesting date. Note C: Options vest upon company announcement that it has made a decision to proceed with mining tin in Tasmania and expire 18 months after vesting date. Compliance statement 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5). 2 This statement does give a true and fair view of the matters disclosed. Sign here:................................................................... (Company Secretary) Brett Dunnachie Print name: ......................................................... + See chapter 19 for defined terms. 01/05/2013 Appendix 5B Page 5 29 January 2016 Date: ............................ Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report Notes 1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report. 2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement or petroleum tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2. 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities. 4 The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. 5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with. == == == == == + See chapter 19 for defined terms. Appendix 5B Page 6 01/05/2013