Trek Metals : December 2019 Quarterly Cashflow Report

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

Name of entity

TREK METALS LIMITED

ARBN	Quarter ended ("current quarter")
124 462 826	31 DECEMBER 2019

Consolidated statement of cash flows

Current quarter	Year to date
$US'000	(9 months)
	$US'000

1. Cash flows from operating activities

1.1	Receipts from customers	‐	‐
1.2	Payments for
	(a)	exploration & evaluation	(41)	(82)
	(b)	development	‐	‐
	(c)	production	‐	‐
	(d)	staff costs	(106)	(180)
	(e)	administration and corporate costs	(66)	(151)
1.3	Dividends received (see note 3)	‐	‐
1.4	Interest received	3	4
1.5	Interest and other costs of finance paid	‐	‐
1.6	Income taxes paid	‐	‐
1.7	Research and development refunds	‐	‐
1.8	Other	‐	‐

1.9 Net cash from / (used in) operating

activities

(211)

(410)

2. Cash flows from investing activities

2.1 Payments to acquire:

(a)	property, plant and equipment	‐	‐
(b)	tenements (see item 10)	‐	‐
(c)	investments	‐	‐

+ See chapter 19 for defined terms.
01/09/2016	Appendix 5B Page 1

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Consolidated statement of cash flows

1. 1. other non‐current assets:
      capitalised exploration and evaluation expenditure
2. Proceeds from the disposal of:
3. 1. property, plant and equipment
   2. tenements (see item 10)
   3. investments
   4. other non‐current assets
4. Cash flows from loans to other entities
5. Dividends received (see note 3)
6. Other (provide details if material)
7. Net cash from / (used in) investing activities

3. Cash flows from financing activities

Current quarter	Year to date
$US'000	(9 months)
	$US'000
(105)	(292)
‐	‐
‐	‐
‐	‐
‐	156
‐	‐
‐	‐
‐	‐
(105)	(136)

3.1	Proceeds from issues of shares	1,618	1,618
3.2	Proceeds from issue of convertible notes	‐	‐
3.3	Proceeds from exercise of share options	‐	‐

3.4 Transaction costs related to issues of

	shares, convertible notes or options	(59)	(59)
3.5	Proceeds from borrowings	‐	‐
3.6	Repayment of borrowings	‐	‐
3.7	Transaction costs related to loans and	‐	‐
	borrowings
3.8	Dividends paid	‐	‐
3.9	Other (provide details if material
	‐ Allocation monies received Sept19, now	(185)	‐
	reported in 3.1 after the issue of shares
	‐ Farm‐in funding from 3rd party	127	127

3.10 Net cash from / (used in) financing

activities

1,501

1,686

+ See chapter 19 for defined terms.
Appendix 5B Page 2	01/09/2016

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Consolidated statement of cash flows

4. Net increase / (decrease) in cash and cash equivalents for the period

1. Cash and cash equivalents at beginning of period
2. Net cash from / (used in) operating activities (item 1.9 above)
3. Net cash from / (used in) investing activities (item 2.6 above)
4. Net cash from / (used in) financing activities (item 3.10 above)
5. Effect of movement in exchange rates on cash held
6. Cash and cash equivalents at end of period

5. Reconciliation of cash and cash equivalents

at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts

1. Bank balances
2. Call deposits
3. Bank overdrafts
4. Other (provide details)
5. Cash and cash equivalents at end of quarter (should equal item 4.6 above)

Current quarter	Year to date
$US'000	(9 months)
	$US'000

396462

(211)(410)

(105)(136)

1,5011,686

7251

1,6531,653

Current quarter	Previous quarter
$US'000	$US'000

1,638389

1515

‐‐

‐‐

1,653404

+ See chapter 19 for defined terms.
01/09/2016	Appendix 5B Page 3

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

6.	Payments to directors of the entity and their associates	Current quarter
		$US'000

1. Aggregate amount of payments to these parties included in item 1.2
2. Aggregate amount of cash flow from loans to these parties included in item 2.3
3. Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2

Payment of director fees and director‐consulting fees to non‐executive Directors

80

‐

7.	Payments to related entities of the entity and their	Current quarter
	associates	$US'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

Add notes as necessary for an understanding of the position

Total facility amount	Amount drawn at
at quarter end	quarter end
$US'000	$US'000

8.1	Loan facilities	‐	‐
8.2	Credit standby arrangements	‐	‐
8.3	Other (please specify)	‐	‐

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.

‐

+ See chapter 19 for defined terms.
Appendix 5B Page 4	01/09/2016

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

9.	Estimated cash outflows for next quarter	$US'000
9.1	Exploration and evaluation	11
9.2	Development	‐
9.3	Production	‐
9.4	Staff costs	53
9.5	Administration and corporate costs	22

9.6 Other:

	‐ Capitalised exploration and evaluation expenses		‐
	(excludes farm‐in cash outflows incurred by Apollo
	Minerals Ltd)
9.7	Total estimated cash outflows				86
10.	Changes in tenements	Tenement	Nature of	Interest at	Interest at
	(items 2.1(b) and 2.2(b)	reference and	interest	beginning of	end of
	above)	location		quarter	quarter

1. Interests in mining tenements and petroleum tenements lapsed, relinquished or reduced
2. Interests in mining tenements and petroleum tenements acquired or increased

Compliance statement

• This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

• This statement gives a true and fair view of the matters disclosed.

Sign here:	............................................................ Date: 24 January 2020
	Company Secretary
Print name:	Nerida Schmidt

+ See chapter 19 for defined terms.
01/09/2016	Appendix 5B Page 5

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 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.

+ See chapter 19 for defined terms.
Appendix 5B Page 6	01/09/2016