Luiri Gold : Quarterly Activity and Cashflow Report

Microsoft Word - 20151231 quarterly

QUARTERLY REPORT FOR THE THREE MONTHS ENDED 31 DECEMBER 2015

Luiri Gold Limited

ASX Code: LGM

www.luirigold.com

ASX Announcement

29 January 2016

ASX: LGM

CORPORATE

During the quarter the directors continued to evaluate potential investments, focussing on one resource project which is the most

prospective and suitable for Luiri Gold of the projects identified.

Corporate Structure

Shares on issue 460.4m

52 week high A$0.002

52 week low A$0.002

Company Directors

Rob Brown

Non-Executive Chairman

Stuart Murray

Managing Director/ Deputy Chairman

Peter Hawkins

Non-Executive Director

Angela Pankhurst

Director/ Company Secretary

Negotiations and investigations are continuing but the continued downturn in commodity prices has necessitated a re‐evaluation of the proposed mining strategy and delayed any agreement.

The company continues to keep administration costs to a minimum and will pay directors fees in shares, subject to shareholder approval, to preserve cash.

For further information please contact: Luiri Gold

P: [phone]

F: [phone]

E: [e-mail]

W: www.luirigold.com

Luiri Gold Limited

ARBN 32 139 588 926 T [phone]

Suite 5, 9 Bowman St F [phone]

South Perth WA 6151 E [e-mail]

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

Appendix 5B

Rule 5.5

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

LUIRI GOLD LIMITED

ABN Quarter ended ("current quarter")

139 588 926

31 December 2015

Consolidated statement of cash flows

Cash flows related to operating activities Receipts from product sales and related debtors (b) development production administration Dividends received Interest and other items of a similar nature received Interest and other costs of finance paid Income taxes paid Other (R&D tax refund) Payments for (a) exploration & evaluation Net Operating Cash Flows	Current quarter $A'000	Year to date (12 months) $A'000
	(53) 1 ‐	(202) 2 139
	(52)	(61)
Cash flows related to investing activities Payment for purchases of:(a) prospects (b) equity investments other fixed assets Proceeds from sale of: (a) prospects (b) equity investments other fixed assets Loans to other entities Loans repaid by other entities Other (provide details if material) Total operating and investing cash flows (carried forward) Net investing cash flows
	‐	‐
	(52)	(61)

+ See chapter 19 for defined terms.

01/05/2010 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)	(52)	(61)
Cash flows related to financing activities	‐	230
1.14 Proceeds from issues of shares, options, etc.
1.15 Proceeds from sale of forfeited shares
1.16 Proceeds from borrowings
1.17 Repayment of borrowings
1.18 Dividends paid
1.19 Other (shares to be issued)	‐	‐
Net financing cash flows	‐	230
Net increase (decrease) in cash held	(52)	169
1.20 Cash at beginning of quarter/year to date	240	19
1.21 Exchange rate adjustments to item 1.20
1.22 Cash at end of quarter	188	188

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. Aggregate amount of payments to the parties included in item 1.2 5

2. Aggregate amount of loans to the parties included in item 1.10

   
   

3. Explanation necessary for an understanding of the transactions

Non‐cash financing and investing activities

1. Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

   
   

   + 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

   
   

   
   

2. Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

Financing facilities available

Add notes as necessary for an understanding of the position.

Amount available $A'000	Amount used $A'000

1. Loan facilities

   
   

2. Credit standby arrangements

Estimated cash outflows for next quarter

Exploration and evaluation Development Production Administration	$A'000
	40
Total	40

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
Cash on hand and at bank Deposits at call Bank overdraft Other (provide details)	188	240
Total: cash at end of quarter (item 1.22)	188	240

+ See chapter 19 for defined terms.

01/05/2010 Appendix 5B Page 3