AXIOM MINING LIMITED Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10
xRule 5.3
Name of entity |
AXIOM MINING LIMITED |
ABN | Quarter ended ("current quarter") |
81 119 698 770 | 31 December 2015 |
Cash flows related to operating activities | Current quarter $A'000 | Year to date (3 months) $A'000 | |
1.1 | Receipts from product sales and related debtors | - | - |
1.2 | Payments for (a) exploration & evaluation
| (2,940) - - (932) (195) | (2,940) - - (932) (195) |
1.3 | Dividends received | - | - |
1.4 | Interest and other items of a similar nature received | 6 | 6 |
1.5 | Interest and other costs of finance paid | (125) | (125) |
1.6 | Income taxes paid | - | - |
1.7 | Other (provide details if material) | - | - |
Net Operating Cash Flows | (4,186) | (4,186) | |
Cash flows related to investing activities | - - (51) | - - (51) | |
1.8 | Payment for purchases of:
| ||
1.9 | Proceeds from sale of:
| - - - | - - - |
1.10 | Loans to other entities | - | - |
1.11 | Loans repaid by other entities | - | - |
1.12 | Other (provide details if material) | - | - |
Net investing cash flows | (51) | (51) | |
1.13 | Total operating and investing cash flows (brought forward) | (4,237) | (4,237) |
Cash flows related to financing activities | 300 | 300 | |
1.14 | Proceeds from issues of shares, options, etc. | ||
1.15 | Proceeds from sale of forfeited shares | - | - |
1.16 | Proceeds from borrowings | 5,112 | 5,112 |
1.17 | Repayment of borrowings | (23) | (23) |
1.18 | Dividends paid | - | - |
1.19 | Other (provide details if material) | (3) | (3) |
Net financing cash flows | 5,386 | 5,386 | |
Net increase (decrease) in cash held | 1,149 | 1,149 | |
1.20 | Cash at beginning of quarter/year to date | 1,306 | 1,306 |
1.21 | Exchange rate adjustments to item 1.20 | (5) | (5) |
1.22 | Cash at end of quarter | 2,450 | 2,450 |
Current quarter $A'000 | ||
1.23 | Aggregate amount of payments to the parties included in item 1.2 | 226 |
1.24 | Aggregate amount of loans to the parties included in item 1.10 | - |
1.25 Explanation necessary for an understanding of the transactions
The amount at 1.23 above represents non-executive director's fees and executive director's salary (including SG superannuation).
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 | |
Add notes as necessary for an understanding of the position.
Amount available $A'000 | Amount used $A'000 | ||
3.1 | Loan facilities | 15,000 | 5,000 |
3.2 | Credit standby arrangements | 5,000 | Nil |
$A'000 | ||
4.1 | Exploration and evaluation | 300 |
4.2 | Development | 1,070 |
4.3 | Production | 450 |
4.4 | Administration | 1,008 |
4.5 | Litigation | 50 |
Total | 2,878 | |
* The Company is in advanced discussion with a number of parties with regards to funding. The estimated cash outflows detailed above relate to the development of the Isabel Nickel Project in Solomon Islands as Axiom progresses towards shipment of ore by end of the first quarter of 2016.
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. | Curent quarter $A'000 | Previous quarter $A'000 | |
5.1 | Cash on hand and at bank | 2,344 | 1,198 |
5.2 | Deposits at call | - | - |
5.3 | Bank overdraft | - | - |
5.4 | Other (Trust accounts) | 106 | 108 |
Total: cash at end of quarter (item 1.22) | 2,450 | 1,306 | |
Tenement reference | Nature of interest (note (2)) | Interest at beginning of quarter | Interest at end of quarter |
EPM 25119 - Edenvale EPM 25255 - Minnmolka | Relinquished Relinquished | 100% 100% | Nil Nil |
Nil |
Interests in mining tenements relinquished, reduced or lapsed
Interests in mining tenements acquired or increased
Description includes rate of interest and any redemption or conversion rights together with prices and dates.
Total number | Number quoted | Issue price per security (see note 3) (cents) | Amount paid up per security (see note 3) (cents) | ||
7.1 | Preference +securities (description) | N/A | |||
7.2 | Changes during quarter
| ||||
7.3 | +Ordinary securities | 267,534,121 | 267,534,121 | Fully paid | Fully paid |
Axiom Mining Limited issued this content on 29 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 January 2016 23:17:13 UTC
Original Document: http://www.axiom-mining.com/IRM/PDF/2430/QuarterlyCashflowReport
