SUMATRA COPPER & GOLD PLC Appendix 5B Mining exploration entity quarterly report
Appendix 5B Mining exploration entity quarterly reportIntroduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10
Name of entity
Sumatra Copper & Gold plcRule 5.3
ABN Quarter ended ("current quarter")
14 136 694 267 31 December 2014
Cash flows related to operating activities
1.1 Receipts from business associates and related debtors
1.2 Payments for (a) exploration & evaluation
(b) development
(c) production
(d) administration
1.3 Dividends received
1.4 Interest and other items of a similar nature received
1.5 Interest and other costs of finance paid
1.6 Income taxes paid
1.7 Other realised foreign exchange movements
Net Operating Cash Flows
+ See chapter 19 for defined terms.
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Mining exploration entity quarterly report
1.13 Total operating and investing cash flows (brought forward) | (8,498) | (15,816) |
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from senior secured loan 1.16 Proceeds from loan transferred to reserve account 1.16 Proceeds from convertible loan notes 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Borrowing cost paid Net financing cash flows | - - 40,000 (3,000) - (210) - (2,623) | - - 40,000 (3,000) 3,600 (288) - (2,623) |
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from senior secured loan 1.16 Proceeds from loan transferred to reserve account 1.16 Proceeds from convertible loan notes 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Borrowing cost paid Net financing cash flows | 34,167 | 37,689 |
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end of quarter | 25,669 334 (5) | 21,873 4,127 (2) |
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end of quarter | 25,998 | 25,998 |
Current quarter
USD'000
1.23 Aggregate amount of payments to the parties included in item 1.2 125
1.24 Aggregate amount of loans to the parties included in item 1.10 -
1.25 Explanation necessary for an understanding of the transactions
Non-cash financing and investing activities2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
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
+ See chapter 19 for defined terms.
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Appendix 5B Mining exploration entity quarterly report
Financing facilities availableAdd notes as necessary for an understanding of the position.
3.1 Convertible loan facilities
3.2 Senior Secured Debt Facility(1)
(1) On 22 October 2014, one of the wholly owned subsidiaries of the Group signed a US$45 million Senior Secured Debt Facility with Nomura Singapore Limited and Indonesian Eximbank.
Estimated cash outflows for next quarter4.1 Exploration and evaluation
4.2 Development(*)
4.3 Production
4.4 Administration
Reconciliation of cashReconciliation 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.
Changes in interests in mining tenements6.1 Interests in mining tenements relinquished, reduced or lapsed
+ See chapter 19 for defined terms.
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6.2 Interests in mining tenements acquired or increased
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) (cents) | Amount paid up per security (see note 3) (cents) | |
7.1 Preference +securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions | ||||
7.1 Preference +securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions | ||||
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs | 583,709,122 | 581,782,116 | ||
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs | 5,407,542(1) 163,833,929(2) | 5,407,542(1) 163,833,929(2) | A$0.055 A$0.046 | A$0.055 A$0.046 |
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted | ||||
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted | ||||
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted | ||||
(1) Issue of CDIs for services related to financing cost incurred. (2) The Company issued 163,833,929 new CDIs in satisfaction of the conversion of the capitalised value of the Facility, interest and facility fee as requested by the convertible loan holders. | ||||
7.7 Options (description and conversion factor) Warrants | 2,500,000 3,500,000 222,753,201 | Vesting date - - - - | Exercise price A$0.50 A$0.25 A$0.057 | Expiry date 1 June 2016 14 June 2017 12 Nov 2017 |
+ See chapter 19 for defined terms.
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7.8 Issued during quarter
(Warrants)
Appendix 5B Mining exploration entity quarterly report
7.9 Exercised during quarter
7.10 Expired during quarter:
Performance Rights
Options:
7.12 Unsecured notes
(totals only)
Compliance statement
1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5).
2 This statement does give a true and fair view of the matters disclosed.
Sign here: Date: 29 January 2015 (Director/Company secretary)
Print name: Susan Hunter
1 The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.
+ See chapter 19 for defined terms.
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Mining exploration entity quarterly report
3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities.
4 The definitions in, and provisions of AASB 6: Exploration for and Evaluation of
Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.
5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.
== == == == ==
+ See chapter 19 for defined terms.
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