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 |
MINBOS RESOURCES LIMITED |
ABN | Quarter ended ("current quarter") |
93 141 175 493 | 31 December 2015 |
Current Quarter 31-Dec-15 | Year to Date "6 Months" | |
$A'000 | $A'000 | |
Cash flows related to operating activities
Net Operating Cash Flows | - (3) - - (18) - - - - - (21) | - (82) - - (98) - - - - - (180) |
Cash flows related to investing activities
Net Investing Cash Flows | - - - - - 3 - - - 3 | - - - - - 3 - - - 3 |
1.13 Total operating and investing cash flows | (18) | (177) |
Current Quarter 31-Dec-15 | Year to Date "6 Months" | |
$A'000 | $A'000 | |
Cash flows related to financing activities | - | - |
1.14 Proceeds from issues of shares & options (net of issue costs) | ||
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 (provide details if material) | - | - |
Net Financing Cash Flows | - | - |
Net increase in cash held | (18) | (177) |
1.20 Cash at beginning of quarter/year to date | 34 | 193 |
1.21 Exchange rate adjustments to item 1.20 | - | - |
1.22 Cash at end of quarter | 16 | 16 |
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 | ||
1.23 | Aggregate amount of payments to the parties included in item 1.2 | Nil |
1.24 | Aggregate amount of loans to the parties included in item 1.10 | Nil |
1.25 Explanation necessary for an understanding of the transactions
N/A
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 |
N/A |
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 |
N/A |
Add notes as necessary for an understanding of the position.
Amount available $A'000 | Amount used $A'000 | ||
3.1 | Loan facilities | N/A | N/A |
3.2 | Credit standby arrangements | N/A | N/A |
$A'000 | ||
4.1 | Exploration and evaluation | 50 |
4.2 | Development | - |
4.3 | Production | - |
4.4 | Administration | 50 |
Total | 100 |
(1) Estimated cash outflow will be minimal until Minbos completes the negotiations on amending the Cabinda JV. A subscription agreement for a material capital placement has been negotiated and will be implemented on the successful conclusion of the Cabinda JV negotiations.
(2) Minbos is expecting to finalize both the Cabinda JV negotiations and the capital placement in February.
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 | |
5.1 | Cash on hand and at bank | 15 | 33 |
5.2 | Deposits at call | 1 | 1 |
5.3 | Bank overdraft | - | - |
5.4 | Other (provide details) | - | - |
Total: cash at end of quarter (item 1.22) | 16 | 34 |
Tenement reference and location | Nature of interest (note (2)) | Interest at beginning of quarter | Interest at end of quarter |
N/A | N/A | N/A | N/A |
Cacata licence Chivovo licence Chibuete licence Ueca licence Cambota licence | New licence issued New licence issued New licence issued New licence issued New licence issued | - - - - - | 100% 100% 100% 100% 100% |
Interests in mining tenements relinquished, reduced or lapsed
Interests in mining tenements acquired or increased (1)
(1) On 7 October 2015 the Company announced that the Angolan Ministry of Mines and Geology (MGM) had issued the new licence for the Cacata deposit. The new licence (014/04/09T.P/ANG.MGM.2015) has been issued for a five year period expiring on 25 September 2020 and is renewable for a further two years.
On 27 October 2015 the Company announced that the MGM had issued the new licence for the Chivovo, Chibuete, Ueca, Cambota and Mongo Tando Deposits (Remaining Deposits). The new licence (015/01/10/T.P/ANG.MGM.2015) has been issued for a five year period expiring on 14 October 2020 and is renewable for a further two years. The two new licences (Cacata and the remaining Deposits) replaces the previous exploration permit (006/06/01/L.P./GOV.ANG.MGM.2010).
Issued and quoted securities at end of current quarterDescription 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) | Amount paid up per security (see note 3) | |
Changes during quarter (b) Decreases through returns of capital, buy-backs, redemptions | - | - | - | - |
- | - | - | - | |
- | - | - | - | |
7.3 +Ordinary securities
| 1,376,224,881 | 1,376,224,881 | - | - |
9,075,000 | 9,075,000 | $ 0.004 | 100% | |
- | - | - | - | |
- | - | - | - | |
- | - | - | - | |
7.5 +Convertible securities - Performance rights
| 237,829,976 | - | - | - |
237,829,976 | ||||
- | - | - | - | |
7.7 Options (description and conversion factor) | 1,150,000 | - | Exercise price | Expiry date |
Placement Options; no vesting period | $0.0937 | 08/03/2016 | ||
Director Options; no vesting period | 88,333,333 | - | $0.01 | 30/12/2016 |
Consultancy Options; no vesting period | 30,000,000 | - | $0.01 | 30/12/2016 |
Conversion of Convertible note; no vesting period | 100,000,000 | - | $0.01 | 30/12/2016 |
Conversion of Convertible note; no vesting period | 83,333,332 | - | $0.01 | 30/12/2016 |
Consideration for Convertible Security; no vesting period | 10,000,000 | - | $0.01 | 30/12/2016 |
312,816,665 | ||||
7.8 Issued during quarter | - | - | - | - |
7.9 Exercised during quarter | ||||
7.10 Expired during quarter | - | - | - | - |
7.11 Debentures (totals only) | - | - | - | - |
7.12 Unsecured notes (totals only) | - | - | - | - |
Minbos Resources Limited issued this content on 29 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 February 2016 01:38:19 UTC
Original Document: http://www.minbos.com/assets/mnb---quarterly-cashflow-report-quarter-ended-31-dec.2015.pdf