Share Name Share Symbol Market Type
Salt Lake Potash Npv NEX:SO4.GB NEX Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 29.50p 24.00p 35.00p 30.65p 30.65p 30.65p 12,368 17:32:02

Salt Lake Potash Limited March 2018 Appendix 5B

30/04/2018 7:01am

UK Regulatory (RNS & others)


Salt Lake Potash Npv (NEX:SO4.GB)
Historical Stock Chart

3 Months : From Apr 2018 to Jul 2018

Click Here for more Salt Lake Potash Npv Charts.

TIDMSO4

RNS Number : 4748M

Salt Lake Potash Limited

30 April 2018

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

 
 Name of entity 
------------------------------------------- 
 Salt Lake Potash Limited 
------------------------------------------- 
 ABN                Quarter ended ("current 
                     quarter") 
---------------    ------------------------ 
 98 117 085 748               31 March 2018 
---------------    ------------------------ 
 
 
 Consolidated statement                         Current quarter   Year to date 
  of cash flows                                      $A'000        (9 months) 
                                                                      $A'000 
---------------------------------------------  ----------------  ------------- 
 1.     Cash flows from operating 
         activities 
 1.1    Receipts from customers 
 1.2    Payments for 
        (a) exploration & evaluation                    (1,193)        (4,503) 
        (b) development                                       -              - 
        (c) production                                        -              - 
        (d) staff costs                                   (597)        (1,958) 
        (e) administration 
         and corporate costs                              (238)          (820) 
 1.3    Dividends received                                    -              - 
         (see note 3) 
 1.4    Interest received                                    61            194 
 1.5    Interest and other                                    -              - 
         costs of finance paid 
 1.6    Income taxes paid                                     -              - 
        Research and development 
 1.7     refunds                                              -            457 
        Other (provide details 
 1.8     if material)                                     (264)          (604) 
          - Business Development                             66            104 
          *    GST refunds (paid)                             -             30 
 
 
          *    Exploration Incentive Scheme 
                                               ----------------  ------------- 
        Net cash from / (used 
 1.9     in) operating activities                       (2,165)        (7,100) 
-----  --------------------------------------  ----------------  ------------- 
 
 2.       Cash flows from investing 
           activities 
 2.1      Payments to acquire: 
          (a) property, plant 
           and equipment                                   (35)          (122) 
          (b) tenements (see                                  -              - 
           item 10) 
          (c) investments                                     -              - 
          (d) other non-current                               -              - 
           assets 
 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) 
                                               ----------------  ------------- 
          Net cash from / (used 
 2.6       in) investing activities                        (35)          (122) 
-------  ------------------------------------  ----------------  ------------- 
 
 3.       Cash flows from financing 
           activities 
 3.1      Proceeds from issues 
           of shares                                          -              - 
 3.2      Proceeds from issue                                 -              - 
           of convertible notes 
 3.3      Proceeds from exercise                              -              - 
           of share options 
          Transaction costs related 
           to issues of shares, 
           convertible notes or 
 3.4       options                                            -           (75) 
 3.5      Proceeds from borrowings                            -              - 
 3.6      Repayment of borrowings                             -              - 
 3.7      Transaction costs related                           -              - 
           to loans and borrowings 
 3.8      Dividends paid                                      -              - 
 3.9      Other (provide details                              -              - 
           if material) 
                                               ----------------  ------------- 
          Net cash from / (used 
 3.10      in) financing activities                           -           (75) 
-------  ------------------------------------  ----------------  ------------- 
 
 4.       Net increase / (decrease) 
           in cash and cash equivalents 
           for the period 
          Cash and cash equivalents 
 4.1       at beginning of period                        10,500         15,597 
          Net cash from / (used 
           in) operating activities 
 4.2       (item 1.9 above)                             (2,165)        (7,100) 
          Net cash from / (used 
           in) investing activities 
 4.3       (item 2.6 above)                                (35)          (122) 
          Net cash from / (used 
           in) financing activities 
 4.4       (item 3.10 above)                                  -           (75) 
 4.5      Effect of movement                                  -              - 
           in exchange rates on 
           cash held 
                                               ----------------  ------------- 
          Cash and cash equivalents 
 4.6       at end of period                               8,300          8,300 
-------  ------------------------------------  ----------------  ------------- 
 
 
 
 5.    Reconciliation of cash           Current quarter   Previous 
        and cash equivalents                 $A'000        quarter 
        at the end of the quarter                          $A'000 
        (as shown in the consolidated 
        statement of cash flows) 
        to the related items 
        in the accounts 
----  -------------------------------  ----------------  --------- 
 5.1   Bank balances                              2,300      2,500 
 5.2   Call deposits                              6,000      8,000 
 5.3   Bank overdrafts                                -          - 
 5.4   Other (provide details)                        -          - 
                                       ----------------  --------- 
       Cash and cash equivalents 
        at end of quarter (should 
 5.5    equal item 4.6 above)                     8,300     10,500 
----  -------------------------------  ----------------  --------- 
 
 
 6.     Payments to directors of the entity     Current quarter 
         and their associates                        $A'000 
                                               ---------------- 
        Aggregate amount of payments to 
         these parties included in item 
 6.1     1.2                                              (140) 
                                               ---------------- 
 6.2    Aggregate amount of cash flow                         - 
         from loans to these parties included 
         in item 2.3 
                                               ---------------- 
 6.3    Include below any explanation necessary 
         to understand the transactions included 
         in items 6.1 and 6.2 
-----  -------------------------------------------------------- 
 Payments include director and consulting fees, 
  superannuation and provision of corporate, administration 
  services, and a fully serviced office. 
--------------------------------------------------------------- 
 
 
 7.    Payments to related entities of         Current quarter 
        the entity and their associates             $A'000 
                                              ---------------- 
 7.1   Aggregate amount of payments to                       - 
        these parties included in item 
        1.2 
                                              ---------------- 
 7.2   Aggregate amount of cash flow                         - 
        from loans to these parties included 
        in item 2.3 
                                              ---------------- 
 7.3   Include below any explanation necessary 
        to understand the transactions included 
        in items 7.1 and 7.2 
----  -------------------------------------------------------- 
 Not applicable. 
-------------------------------------------------------------- 
 
 
 8.    Financing facilities          Total facility   Amount drawn 
        available                       amount at      at quarter 
        Add notes as necessary         quarter end         end 
        for an understanding             $A'000          $A'000 
        of the position 
                                    ---------------  ------------- 
 8.1   Loan facilities                            -              - 
                                    ---------------  ------------- 
 8.2   Credit standby arrangements                -              - 
                                    ---------------  ------------- 
 8.3   Other (please specify)                     -              - 
                                    ---------------  ------------- 
 8.4   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. 
----  ------------------------------------------------------------ 
 Not applicable 
------------------------------------------------------------------ 
 
 
 9.    Estimated cash outflows         $A'000 
        for next quarter 
----  ------------------------------  ------- 
 9.1   Exploration and evaluation       1,500 
 9.2   Development                          - 
 9.3   Production                           - 
 9.4   Staff costs                        750 
       Administration and corporate 
 9.5    costs                             200 
       Other (provide details if 
        material) 
 9.6    - Business Development            200 
                                      ------- 
 9.7   Total estimated cash outflows    2,650 
----  ------------------------------  ------- 
 
 
 10.    Changes in              Tenement        Nature of interest   Interest        Interest 
         tenements               reference                            at beginning    at end 
         (items 2.1(b)           and location                         of quarter      of quarter 
         and 2.2(b) 
         above) 
-----  ----------------------  --------------  -------------------  --------------  ------------ 
 10.1   Interests                               Refer to Table 
         in mining                               6 
         tenements 
         and petroleum 
         tenements 
         lapsed, relinquished 
         or reduced 
-----  ----------------------  --------------  -------------------  --------------  ------------ 
 10.2   Interests 
         in mining 
         tenements 
         and petroleum 
         tenements 
         acquired 
         or increased 
-----  ----------------------  --------------  -------------------  --------------  ------------ 
 

Compliance statement

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

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

Sign here: ............................................................ Date: 30 April 2018

(Director/Company secretary)

   Print name:       Sam Cordin 

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 that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.

2. If this quarterly report has been prepared in accordance with Australian Accounting Standards, 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. If this quarterly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.

3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCFKCDBQBKDKQB

(END) Dow Jones Newswires

April 30, 2018 02:01 ET (06:01 GMT)

1 Year Salt Lake Potash Npv Chart

1 Year Salt Lake Potash Npv Chart

1 Month Salt Lake Potash Npv Chart

1 Month Salt Lake Potash Npv Chart
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:42 V:gb D:20180717 21:33:53