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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Wolf Minerals | LSE:WLFE | London | Ordinary Share | AU000000WLF3 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.40 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMWLFE
RNS Number : 1800L
Wolf Minerals Limited
24 April 2015
Rule 5.5
Appendix 5B
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 WOLF MINERALS LIMITED --------------------- ABN Quarter ended ("current quarter") 11 121 831 472 31 MARCH 2015 -------------- -----------------------
Consolidated statement of cash flows
Cash flows related to Current quarter Year to date operating activities $A'000 (9 months) $A'000 ---------------- ------------- 1.1 Receipts from product sales and related debtors Payments for (a) exploration & evaluation - - (b) development (24,449) (136,485) (c) production - - 1.2 (d) administration (1,794) (5,694) 1.3 Dividends received Interest and other items of a similar 1.4 nature received 135 438 Interest and other 1.5 costs of finance paid (1,412) (3,905) 1.6 Income taxes paid Other (provide details if material) 1.7 * R&D Rebate - 583 Net Operating Cash Flows (27,520) (145,063) ----- ----------------------------- ---------------- ------------- Cash flows related to investing activities Payment for purchases of: (a) prospects (b) equity investments 1.8 (c) other fixed assets - (2) 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets 1.10 Loans to other entities 1.11 Loans repaid by other entities 1.12 Other (provide details if material) Net investing cash flows (2) ---------------- ------------- Total operating and investing cash flows 1.13 (carried forward) (27,520) (145,065) ----- ----------------------------- ---------------- ------------- Total operating and investing cash flows 1.13 (brought forward) (27,520) (145,065) ----- ----------------------------- Cash flows related to financing activities Proceeds from issues of shares, options, 1.14 etc. 198 198 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 28,932 80,884 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other (Cost of raising capital) ---------------- ------------- Net financing cash flows 29,130 81,082 ----- ----------------------------- ------------- Net increase (decrease) in cash held 1,610 (63,983) Cash at beginning of 1.20 quarter/year to date 40,697 102,819 Exchange rate adjustments 1.21 to item 1.20 325 3,796 ---------------- ------------- 1.22 Cash at end of quarter 42,632 42,632 ----- ----------------------------- ---------------- -------------
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 ---------------- Aggregate amount of payments to the parties included in item 1.23 1.2 192 ---------------- 1.24 Aggregate amount of loans to the parties included in item 1.10 ------- ---------------------------------- ---------------- 1.25 Explanation necessary for an understanding of the transactions 1. Payment of directors remuneration. ----------------------------------------------------
Non-cash financing and investing activities
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 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
Financing facilities available
Add notes as necessary for an understanding of the position.
Amount available Amount used $A $A 3.1 Loan facilities $135,016,000 $81,974,000 (GBP70,000,000) (GBP42,500,000) Project bond facility $9,644,000 $9,644,000 * (GBP5,000,000) (GBP5,000,000) ----------------- ----------------- 3.2 Credit standby arrangements ----------------- ----------------- * The senior debt facilities include a GBP5,000,000 bond facility which has been utilised for the Hemerdon project restoration bond. ------------------------------------------------------------------------
Estimated cash outflows for next quarter
$A'000 --------- 4.1 Exploration and evaluation - --------- 4.2 Development 37,735 --------- 4.3 Production - --------- 4.4 Administration 2,899 --------- Total 40,634 ---- --------------------------- ---------
Reconciliation of cash
Reconciliation of cash Current quarter Previous quarter at the end of the quarter $A'000 $A'000 (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows. --------------------------------- ---------------- ----------------- Cash on hand and at 5.1 bank 22,235 20,546 ---------------- ----------------- 5.2 Deposits at call 145 145 ---------------- ----------------- 5.3 Bank overdraft - - ---------------- ----------------- Other (provide details) 5.4 ** 20,252 20,006 ---------------- ----------------- Total: cash at end of quarter (item 1.22) 42,632 40,697 ----- -------------------------- ---------------- -----------------
** Other includes a cost over-run account of GBP10,500,000 able to be utilised on project costs if required.
Changes in interests in mining tenements and petroleum tenements
Tenement Nature of interest Interest Interest reference (note (2)) at beginning at end and of quarter of quarter location ----------- ------------------- -------------- ------------ 6.1 Interests in mining N/A N/A tenements and petroleum tenements relinquished, reduced or lapsed ----------- ------------------- -------------- ------------ 6.2 Interests N/A N/A in mining tenements and petroleum tenements acquired or increased ----------- ------------------- -------------- ------------
Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or conversion rights together with prices and dates.
Total number Number Issue price Amount paid quoted per security up per security (see note (see note 3) 3) ------------------------ ------------- ------------- ---------------- ----------------- 7.1 Preference +securities (description) ------------- ------------- ---------------- ----------------- 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions ----- ----------------- ------------- ------------- ---------------- ----------------- +Ordinary 7.3 securities 808,560,412 808,560,412 ------------- ------------- ---------------- ----------------- 7.4 Changes (a) (a) (a) (a) during Options Options Options Options quarter exercise exercise exercise exercise (a) Increases 478,012 478,012 $0.333 $0.333 through 100,418 100,418 $0.3898 $0.3898 issues (b) Decreases Director Director Director Director through share issue share issue share issue share issue returns 136,366 136,366 Nil of capital, Nil buy-backs 7.5 +Convertible debt securities (description) ------------- ------------- ---------------- ----------------- 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted 7.7 Options Options & Rights 524,086 - Exercise Expiry 19 (description Price $0.333 July 2015 and conversion 223,882 - Exercise factor) Price $0.3898 Expiry 19 529,845 - Exercise July 2015 Price $0.333 226,342 - Exercise Expiry 16 Price $0.3898 October 850,000 - Exercise 2015 Price $0.34 Expiry 16 529,845 - Exercise October Price $0.333 2015 226,342 - Exercise Expiry 30 Price $0.3898 November 172,776 - Exercise 2015 Price $0.333 Expiry 1 73,807 - Exercise January Price $0.3898 2016 3,200,000 - Exercise Expiry 1 Price $0.264 January Rights 2016 Expiry 30 366,945 - Exercise January Price 2016 1,461,429 - Nil Expiry 30 Exercise January 1,491,989 - Price 2016 Nil Expiry 22 Exercise May 2016 Price Nil Expiry 22 December 2020 Vesting Date 30 June 2016 Vesting Date 30 June 2017 ------------- ------------- ---------------- ----------------- 7.8 Issued - - - - during quarter ------------- ------------- ---------------- ----------------- 7.9 Exercised Options during 478,012 - Exercise Expiry 1 quarter Price $0.333 April 2015 100,418 - Exercise Price $0.3898 Expiry 1 April 2015 ------------- ------------- ---------------- ----------------- 7.10 Expired - - - - during quarter ------------- ------------- 7.11 Debentures (totals only) ------------- ------------- 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 Actor other standards acceptable to ASX (see note 5).
2 This statement does give a true and fair view of the matters disclosed.
Sign here: Richard Lucas Date: 24 April 2015
(Company secretary)
Notes
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 and petroleum 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 or petroleum tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.
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.
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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