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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 |
From Apr 2019 to Apr 2024
TIDMWLFE
RNS Number : 5765W
Wolf Minerals Limited
28 April 2016
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
Hot Features
Premium
Name of entity
WOLF MINERALS LIMITED
---------------------
ABN Quarter ended ("current
quarter")
11 121 831 472 31 MARCH 2016
-------------- -----------------------
Consolidated statement of cash flows
Cash flows related to Current quarter Year to date
operating activities
$A'000 (9 months)
$A'000
---------------- -------------
Receipts from product
1.1 sales and related debtors 3,785 4,673
Payments for (a) exploration
1.2 & evaluation - -
(b) development (3,928) (27,029)
(c) production (7,741) (11,154)
(d) administration (1,109) (5,060)
1.3 Dividends received - -
Interest and other
items of a similar
1.4 nature received 42 167
Interest and other
1.5 costs of finance paid (3,140) (7,727)
1.6 Income taxes paid - -
1.7 Other (provide details
if material) - -
* R&D Rebate
Net Operating Cash
Flows (12,091) (46,130)
----- ----------------------------- ---------------- -------------
Cash flows related
to investing activities
Payment for purchases
of: (a) prospects
(b) equity investments
1.8 (c) other fixed assets (7) (358)
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 (7) (358)
---------------- -------------
Total operating and
investing cash flows
1.13 (carried forward) (12,098) (46,488)
----- ----------------------------- ---------------- -------------
Total operating and
investing cash flows
1.13 (brought forward) (12,098) (46,488)
----- -----------------------------
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 borrowings - 32,597
1.17 Repayment of borrowings (934) (934)
1.18 Dividends paid - -
Other (Cost of raising
1.19 capital) (2) (6)
---------------- -------------
Net financing cash
flows (936) 31,657
----- ----------------------------- -------------
Net increase (decrease)
in cash held (13,034) (14,831)
Cash at beginning of
1.20 quarter/year to date 31,639 34,417
Exchange rate adjustments
1.21 to item 1.20 (1,183) (2,164)
---------------- -------------
1.22 Cash at end of quarter 17,422 17,422
----- ----------------------------- ---------------- -------------
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 1.2 153
----------------
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
----------------- -----------------
3.2 Credit standby arrangements
----------------- -----------------
3.3 Equity standby arrangements $51,000,000 $51,000,000
*
(GBP25,000,000) (GBP25,000,000)
----------------- -----------------
* Subsequent to quarter end, on 22 April 2016
shareholders approved a standby subscription
facility of up to GBP25,000,000 ($51,000,000)
provided by Resource Capital Fund VI L.P. The
facility is for subscription of fully paid ordinary
shares in the Company.
------------------------------------------------------------------------
Estimated cash outflows for next quarter
$A'000
---------
4.1 Exploration and evaluation -
---------
4.2 Development 4,000
---------
4.3 Production 14,000
---------
4.4 Administration 1,000
---------
Total 19,000
---- --------------------------- ---------
Reconciliation of cash
Reconciliation of cash Current quarter Previous
at the end of the quarter $A'000 quarter
(as shown in the consolidated $A'000
statement of cash flows)
to the related items in
the accounts is as follows.
--------------------------------- ---------------- ---------
Cash on hand and at
5.1 bank 17,304 10,245
---------------- ---------
5.2 Deposits at call 118 122
---------------- ---------
5.3 Bank overdraft - -
---------------- ---------
Other (provide details)
5.4 ** - 21,272
----- -------------------------- ---------------- ---------
Total: cash at end of
quarter (item 1.22) 17,422 31,639
----- -------------------------- ---------------- ---------
** Previous cost over-run account of GBP10,500,000
was released into cash on hand during the quarter.
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
(MORE TO FOLLOW) Dow Jones Newswires
April 28, 2016 02:00 ET (06:00 GMT)
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 809,724,760 809,724,760
------------- ------------ --------------- -----------------
7.4 Changes
during
quarter
(a) Increases
through
issues
(b) Decreases
through
returns
of capital,
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 3,200,000 - Exercise Expiry 22
(description Price $0.264 May 2016
and conversion Rights -
factor)
366,945 Exercise
Price Expiry 22
1,461,429 - Nil December
Exercise 2020
1,491,989 - Price Vesting
Nil Date 30
1,982,545 - Exercise June 2016
Price Vesting
Nil Date 30
Exercise June 2017
Price Vesting
Nil Date 30
June 2018
------------- ------------ --------------- -----------------
7.8 Issued - - - -
during
quarter
------------- ------------ --------------- -----------------
7.9 Exercised
during
quarter
------------- ------------ --------------- -----------------
Expiry 1
January
2016
Expiry 1
Exercise January
529,845 - Price $0.333 2016
Exercise Expiry 30
226,342 - Price $0.3898 January
Exercise 2016
Expired 172,776 - Price $0.333 Expiry 30
during Exercise January
7.10 quarter 73,807 - Price $0.3898 2016
------------- ------------
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 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: Richard Lucas Date: 28 April 2016
(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.
== == == == ==
This information is provided by RNS
The company news service from the London Stock Exchange
END
DRLPGUGACUPQGQM
(END) Dow Jones Newswires
April 28, 2016 02:00 ET (06:00 GMT)
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