Magontec : Appendix 4D - Half Year Report - 30 June 2017

Appendix 4D

Magontec Limited ASX Half-Year Report - 30 June 2017

Magontec Limited ("MGL") ABN 51 010 441 666

This Half Year Report is provided to the Australian Stock Exchange (ASX) under ASX Listing Rule 4.2A.

This information should be read in conjunction with the Annual Report of Magontec Limited for the twelve months ended 31 December 2016.

1. Details of the reporting period and the previous corresponding period

   The entity's annual reporting period ends 31 December (calendar year). The entity will present the following financial statements (condensed or complete) in its half-year interim financial report as of 30 June 2017:

   This Report	Comparative Position
   Statement of Financial Position at	30 June 2017	31 December 2016
   Statement of Comprehensive Income for the 6 months to	30 June 2017	30 June 2016
   Statement of Cash Flows for the 6 months to	30 June 2017	30 June 2016
   Statement of Changes in Equity for the 6 months to	30 June 2017	30 June 2016

2. Results for announcement to the market

   Percentage change against previous corresponding period	Amount $
   2.1	Revenue from ordinary activities	Up	4.54%	69,404,546
   2.2	Profit/(Loss) from ordinary activities after tax attributable to members	Down	Not applicable	(383,548)
   2.3	Net Profit/(Loss) for the period attributable to members	Down	Not applicable	(383,548)

3. The amount per security and franked amount per security of final and interim dividends or a statement that it is not proposed to pay dividends.

   Amount per Share	Franked Amount per Share
   Interim dividend per share	0.0¢	0.0¢
   Previous corresponding half yearly report	0.0¢	0.0¢

4. The record date for determining entitlements to the dividends (if any)

   Not applicable

5. A brief explanation of any of the figures in 2.1 to 2.5 necessary to enable the figures to be understood.

6. Refer Half Year Report for the six months ended 30 June 2017.

7. Net tangible assets per security with the comparative figure for the previous corresponding period

   30 Jun 2017 ($000)	31 Dec 2016 ($000)
   Gross Assets	$82,332	$75,077
   Less Gross Liabilities	($48,542)	($40,703)
   Net Assets as per balance sheet	$33,791	$34,373
   Less Intangible Assets (no deduction for DTA)	($2,855)	($2,869)
   Net Tangible Assets	i	$30,935	$31,505
   As at reporting date
   Number of ordinary shares on issue	ii	1,140,073,483	1,132,209,291
   Plus vested options on issue1	-	-
   Number of securities on issue	iii	1,140,073,483	1,132,209,291
   Net tangible assets per share based on ii	i ÷ ii x100	2.71 cents	2.78 cents
   Net tangible assets per share based on iii	i ÷ iii x100	2.71 cents	2.78 cents

   1 There were 64,347,817 performance rights outstanding as at 30 June 2017 pursuant to the terms and conditions approved at the 2017 AGM. However, these remain unvested at the time of this report.

8. Details of entities over which control has been gained or lost during the period including:

   4.1	Name of entity
   4.2	The date of the gain or loss of control
   4.3	The contribution to profit from ordinary activities during the period
   4.4	The contribution to profit from ordinary activities during the whole of the previous corresponding period

   Not applicable

9. Details of individual and total dividends or distributions and dividend or distribution payments

   No dividend distribution

10. Details of any dividend reinvestment plans

    Not applicable

11. Details of associates and joint venture entities

    Magontec Limited ownership interest (1)	Joint Venture Partner
    Magontec Shanxi Co. Ltd	70.00%	ShanXi DongFang Resources Development Co. Ltd

12. The joint venture arrangements provide that Magontec Limited has a 100% interest in the Profit & Loss performance of the joint venture

13. For foreign entities, which set of accounting standards is used in compiling the report

    Not applicable

14. Modified opinion, emphasis of matter or other matter paragraph in independent audit report or review

15. Not applicable