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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 : 4735M
Wolf Minerals 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
Hot Features
Premium
Name of entity
-------------------------------------------
WOLF MINERALS LIMITED
-------------------------------------------
ABN Quarter ended ("current
quarter")
--------------- ------------------------
11 121 831 472 31 MARCH 2018
--------------- ------------------------
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 13,203 36,781
1.2 Payments for
(a) exploration & evaluation - -
(b) development (2,534) (8,004)
(c) production (13,623) (47,272)
(d) staff costs (2,872) (9,068)
(e) administration
and corporate costs (520) (2,116)
1.3 Dividends received - -
(see note 3)
1.4 Interest received - 1
Interest and other
1.5 costs of finance paid (700) (3,382)
1.6 Income taxes paid - -
1.7 Research and development - -
refunds
Other (provide details
1.8 if material) 5 33
---------------- -------------
Net cash from / (used
1.9 in) operating activities (7,041) (33,027)
----- -------------------------------- ---------------- -------------
2. Cash flows from investing
activities
2.1 Payments to acquire:
(a) property, plant
and equipment (1,288) (9,198)
(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 (1,288) (9,198)
------- ------------------------------ ---------------- -------------
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 - (4)
3.5 Proceeds from borrowings 9,626 47,990
3.6 Repayment of borrowings - -
Transaction costs related
3.7 to loans and borrowings (2,200) (6,664)
3.8 Dividends paid - -
Other - cash collateral
3.9 for bonds (74) (1,385)
---------------- -------------
Net cash from / (used
3.10 in) financing activities 7,352 39,937
------- ------------------------------ ---------------- -------------
4. Net increase / (decrease)
in cash and cash equivalents
for the period
Cash and cash equivalents
4.1 at beginning of period 6,599 8,334
Net cash from / (used
in) operating activities
4.2 (item 1.9 above) (7,041) (33,027)
Net cash from / (used
in) investing activities
4.3 (item 2.6 above) (1,288) (9,198)
Net cash from / (used
in) financing activities
4.4 (item 3.10 above) 7,352 39,937
Effect of movement
in exchange rates on
4.5 cash held (1,272) (1,696)
---------------- -------------
Cash and cash equivalents
4.6 at end of period 4,350 4,350
------- ------------------------------ ---------------- -------------
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 4,272 6,521
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) 4,350 6,599
---- ------------------------------- ---------------- ---------
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 1.2 148
----------------
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 118,606 109,481
--------------- -------------
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.
---- ------------------------------------------------------------
GBP65 million (A$119 million) subordinated
loan facility with Resource Capital Fund VI
L.P. ("RCF VI") as announced on 28 February
2018. There is potential for this to be increased
by a further GBP5 million (A$9 million) at
the discretion of RCF VI. The applicable interest
rate is 15%.
------------------------------------------------------------------
9. Estimated cash outflows $A'000
for next quarter
---- ------------------------------ -------
9.1 Exploration and evaluation -
9.2 Development 4,000
9.3 Production 16,000
9.4 Staff costs 3,000
Administration and corporate
9.5 costs 1,000
Other (interest & finance
9.6 costs) 4,000
-------
9.7 Total estimated cash outflows 28,000
---- ------------------------------ -------
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: 30 April 2018
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
MSCPGUQWCUPRUQB
(END) Dow Jones Newswires
April 30, 2018 02:01 ET (06:01 GMT)
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