G M E R ESO U R C ES L T D ABN 62 009 260 315 FINANCIAL STATEMENTS 2017 CONTENTSPAGE | |
COMPETENT PERSON STATEMENTS | (i) |
CORPORATE DIRECTORY | 1 |
DIRECTORS' REPORT | 2-9 |
AUDITOR'S INDEPENDENCE DECLARATION | 10 |
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME | 11 |
CONSOLIDATED STATEMENT OF FINANCIAL POSITION | 12 |
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY | 13 |
CONSOLIDATED STATEMENT OF CASH FLOWS | 14 |
NOTES TO THE FINANCIAL STATEMENTS | 15-38 |
DIRECTORS' DECLARATION | 39 |
INDEPENDENT AUDITOR'S REPORT | 40-43 |
NiWest Nickel Project
The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Stephen Hyland of Ravensgate Resource Consultants. Mr Hyland is a fellow of The Australasian Institute of Mining and Metallurgy. Mr Hyland is a Principal Consultant with Ravensgate Minerals Industry Consultants who consults to the Company. Mr Hyland has sufficient experience, which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Mineral Resources and Ore Reserves". Mr Hyland consents to the inclusion in the report of the matters based on information provided in the form and context in which it appears. This Mineral Resource Estimate has not been updated to JORC 2012 on the basis that the available information has not materially changed since the last review.
The information in this announcement that relates to Processing / Engineering and related operating and capital cost estimates is based on information reviewed by Mr David Readett (B.E. Met Eng., FAusIMM, CP (Met)). Mr Readett is an independent consulting engineer working through a Company known as MWorx Pty Ltd. Mr Readett is a Chartered Professional Metallurgical Engineer and has 25 years of relevant experience in this area of work. Mr Readett consents to the inclusion in this announcement of the matters based on information provided by him and in the form and context in which it appears.
The information in this report that relates to Mining and Exploration Results is based on information compiled by Mr Mark Gunther who is a member of The Australasian Institute of Geoscientists. Mr Gunther is a Principal Consultant with Eureka Geological Services. Mr Gunther has sufficient experience, which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Gunther consents to the inclusion in the report of the matters based on information provided in the form and context in which it appears.
Forward-Looking Statements
Certain statements made in this announcement, including, without limitation, those concerning the scoping study, contain or comprise certain forward-looking statements regarding GME Resources Limited's (GME) exploration operations, economic performance and financial condition. Although GME believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic and market conditions, success of business and operating initiatives, changes in the regulatory environment and other government actions, fluctuations in metals prices and exchange rates and business and operational risk management. GME undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events.
The Company notes that an inferred resource has a lower level of confidence than an indicated or measured resource. The Company believes that based on the geological nature of its deposits and the work done over several years by its Competent Person that there is a high degree of probability that the inferred resources will upgrade to indicated resources with further exploration work.
(i)
CORPORATE DIRECTORY DIRECTORS ChairmanPeter Ross SULLIVAN BE, MBA
Managing DirectorJames Noel SULLIVAN FAICD
DirectorPeter Ernest HUSTON B. Juris, LLB (Hons), B.Com, LLM
COMPANY SECRETARYMark Pitts B.Bus FCA
REGISTERED OFFICE AND PRINCIPAL PLACE OF BUSINESSUnit 5, 78 Marine Terrace
Fremantle WA 6160
Telephone: (08) 9336 3388
Facsimile: (08) 9315 5475
Web Site: www.gmeresources.com.au
AUDITORSHLB Mann Judd Chartered Accountants Level 4, 130 Stirling Street
Perth WA 6000
SHARE REGISTRYComputershare Registry Services Pty Ltd Level 11
172 St George's Terrace Perth WA 6000
GPO Box D182
Perth WA 6840
Telephone: (08) 9323 2000
Facsimile: (08) 9323 2033
SECURITIES EXCHANGE LISTINGThe Company's shares are quoted on the Official List of Australian Securities Exchange Limited Ticker code: GME
STATE OF REGISTRATIONWestern Australia
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GME Resources Limited published this content on 29 September 2017 and is solely responsible for the information contained herein.
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