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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 : 0635V
Wolf Minerals Limited
31 October 2017
+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 ------------------------------------------- WOLF MINERALS LIMITED ------------------------------------------- ABN Quarter ended ("current quarter") --------------- ------------------------ 11 121 831 472 30 SEPTEMBER 2017 --------------- ------------------------ Consolidated statement Current quarter Year to date of cash flows $A'000 (12 months) $A'000 --------------------------------------- ---------------- ------------- 1. Cash flows from operating activities 1.1 Receipts from customers 7,756 7,756 1.2 Payments for (a) exploration & evaluation - - (b) development (1,919) (1,919) (c) production (17,308) (17,308) (d) staff costs (3,052) (3,052) (e) administration and corporate costs (1,256) (1,256) 1.3 Dividends received - - (see note 3) 1.4 Interest received 1 1 Interest and other 1.5 costs of finance paid (1,744) (1,744) 1.6 Income taxes paid - - 1.7 Research and development - - refunds Other (provide details 1.8 if material) 6 6 ---------------- ------------- Net cash from / (used 1.9 in) operating activities (17,516) (17,516) ----- -------------------------------- ---------------- ------------- 2. Cash flows from investing activities 2.1 Payments to acquire: (a) property, plant and equipment (4,226) (4,226) (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 (4,226) (4,226) ------- ------------------------------ ---------------- ------------- 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 3.4 Transaction costs related - - to issues of shares, convertible notes or options 3.5 Proceeds from borrowings 20,513 20,513 3.6 Repayment of borrowings - - Transaction costs related 3.7 to loans and borrowings (1,859) (1,859) 3.8 Dividends paid - - 3.9 Other (provide details - - if material) ---------------- ------------- Net cash from / (used 3.10 in) financing activities 18,654 18,654 ------- ------------------------------ ---------------- ------------- 4. Net increase / (decrease) in cash and cash equivalents for the period Cash and cash equivalents 4.1 at beginning of period 8,334 8,334 Net cash from / (used in) operating activities 4.2 (item 1.9 above) (17,516) (17,516) Net cash from / (used in) investing activities 4.3 (item 2.6 above) (4,226) (4,226) Net cash from / (used in) financing activities 4.4 (item 3.10 above) 18,654 18,654 Effect of movement in exchange rates on 4.5 cash held (516) (516) ---------------- ------------- Cash and cash equivalents 4.6 at end of period 4,730 4,730 ------- ------------------------------ ---------------- ------------- 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 4,652 8,256 5.2 Call deposits 78 78 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) 4,730 8,334 ---- ------------------------------- ---------------- --------- 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 1.2 103 ---------------- 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 ---- -------------------------------------------------------- 1. Payment of directors remuneration. -------------------------------------------------------------- 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 ---- -------------------------------------------------------- 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 77,044 77,044 --------------- ------------- 8.2 Credit standby arrangements --------------- ------------- 8.3 Other --------------- ------------- 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. ---- ------------------------------------------------------------ GBP45 million (A$77 million) Bridge Loan facility with Resource Capital Fund VI L.P. as announced on 24 October 2016 and 29 June 2017. The applicable interest rate is 4.25% + LIBOR. Subsequent to quarter end, pursuant to its terms, the total GBP45 million outstanding Bridge Facility mandatorily switched to a subordinated loan on 21 October 2017. The applicable interest rate is 15%. In addition, a further GBP10 million (A$17.1 million) subordinated loan facility with Resource Capital Fund VI L.P. was announced on 27 October
2017. The applicable interest rate is 15%. ------------------------------------------------------------------ 9. Estimated cash outflows $A'000 for next quarter ---- ------------------------------ ------- 9.1 Exploration and evaluation - 9.2 Development 8,000 9.3 Production 16,000 9.4 Staff costs 2,000 Administration and corporate 9.5 costs 1,000 Other (interest & finance 9.6 costs) 4,000 ------- 9.7 Total estimated cash outflows 31,000 ---- ------------------------------ ------- 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 N/A N/A in mining tenements and petroleum tenements lapsed, relinquished or reduced ----- ---------------------- -------------- ------------------- -------------- ------------ 10.2 Interests N/A N/A 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: RICHARD LUCAS Date: 31 October 2017
(Interim Managing Director)
Print name: RICHARD LUCAS
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
MSCWGGMUUUPMUQG
(END) Dow Jones Newswires
October 31, 2017 03:01 ET (07:01 GMT)
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