Wolf Minerals : Appendix 5B - 3 Months Ended 31 Dec 2016

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, 01/05/13, 01/09/16

Name of entity
WOLF MINERALS LIMITED
ABN	Quarter ended ("current quarter")
11 121 831 472	31 DECEMBER 2016

Consolidated statement of cash flows		Current quarter $A'000	Year to date (6 months) $A'000
1.	Cash flows from operating activities	5,429	9,407
1.1	Receipts from customers
1.2	Payments for	-	-
(a) exploration & evaluation
(b) development		(4,249)	(10,376)
(c) production		(17,814)	(31,574)
(d) staff costs		(2,337)	(5,259)
(e) administration and corporate costs		(629)	(1,403)
1.3	Dividends received (see note 3)	-	-
1.4	Interest received	3	24
1.5	Interest and other costs of finance paid	(4,994)	(9,057)
1.6	Income taxes paid	-	-
1.7	Research and development refunds	-	-
1.8	Other (provide details if material)	-	-
1.9	Net cash from / (used in) operating activities	(24,591)	(48,238)

1. Cash flows from investing activities

2. Payments to acquire:

3. property, plant and equipment

   (2) (133)

4. tenements (see item 10) - -

5. investments - -

6. other non-current assets - -

7. Consolidated statement of cash flows		Current quarter $A'000	Year to date (6 months) $A'000
   2.2	Proceeds from the disposal of:	-	-
   (a) property, plant and equipment
   (b) tenements (see item 10)	-	-
   (c) investments	-	-
   (d) other non-current assets	-	-
   2.3	Cash flows from loans to other entities	-	-
   2.4	Dividends received (see note 3)	-	-
   2.5	Other (provide details if material)	-	-
   2.6	Net cash from / (used in) investing	(2)	(133)
   activities

8. Cash flows from financing activities

9. Proceeds from issues of shares

10. Proceeds from issue of convertible notes

11. Proceeds from exercise of share options

12. Transaction costs related to issues of shares, convertible notes or options

13. Proceeds from borrowings

14. Repayment of borrowings

15. Transaction costs related to loans and borrowings

16. Dividends paid

17. Other (provide details if material)

18. 3.10 Net cash from / (used in) financing activities

-

-

- (2)

23,891

- (256)

-

-

-

-

- (36)

23,891

(4,673)

(256)

-

-

23,633

18,926

Net increase / (decrease) in cash and cash equivalents for the period Cash and cash equivalents at beginning of period Net cash from / (used in) operating activities (item 1.9 above) Net cash from / (used in) investing activities (item 2.6 above) Net cash from / (used in) financing activities (item 3.10 above) Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period	(960) 5,237 (24,591) (2) 23,633 (471)	(29,445) 35,010 (48,238) (133) 18,926 (1,759)
	3,806	3,806

5.	Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts	Current quarter $A'000	Previous quarter $A'000
5.1	Bank balances	3,727	5,159
5.2	Call deposits	79	78
5.3	Bank overdrafts
5.4	Other (provide details)
5.5	Cash and cash equivalents at end of quarter (should equal item 4.6 above)	3,806	5,237

Current quarter $A'000

103

-

1. Payments to directors of the entity and their associates

2. Aggregate amount of payments to these parties included in item 1.2

3. Aggregate amount of cash flow from loans to these parties included in item 2.3

4. Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2

   1. Payment of directors remuneration.

   Current quarter $A'000

   -

   -

5. Payments to related entities of the entity and their associates

6. Aggregate amount of payments to these parties included in item 1.2

7. Aggregate amount of cash flow from loans to these parties included in item 2.3

8. Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2

   Total facility amount at quarter end $A'000	Amount drawn at quarter end $A'000
   34,130	23,891

9. Financing facilities available Add notes as necessary for an understanding of the position

10. Loan facilities

11. Credit standby arrangements

12. Other

13. Include below a description of each facility above, including the lender, interest rate and whether it is secured or unsecured. If any additional facilities have been entered into or are proposed to be entered into after quarter end, include details of those facilities as well.

14. £20 million (~A$34.1 million) Bridge Loan facility with Resource Capital Fund VI L.P. as announced on 24 October 2016. The applicable interest rates is 4.25% + LIBOR.

    9.	Estimated cash outflows for next quarter	$A'000
    9.1	Exploration and evaluation	-
    9.2	Development	3,500
    9.3	Production	10,000
    9.4	Staff costs	2,500
    9.5	Administration and corporate costs	500
    9.6	Other (interest & finance costs)	3,000
    9.7	Total estimated cash outflows	19,500

    10.	Changes in tenements (items 2.1(b) and 2.2(b) above)	Tenement reference and location	Nature of interest	Interest at beginning of quarter	Interest at end of quarter
    10.1	Interests in mining tenements and petroleum tenements lapsed, relinquished or reduced	N/A	N/A
    10.2	Interests in mining tenements and petroleum tenements acquired or increased	N/A	N/A

    Compliance statement

15. This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

16. This statement gives a true and fair view of the matters disclosed.

Sign here: RICHARD LUCAS Date: 30 January 2017

(Company secretary)

Print name: RICHARD LUCAS