Quarterly Activities/Appendix 5B Cash Flow Report
Released
Released
Announcement PDF
30 April 2025
ASX: ABX
Quarterly report and activity statement
Highlights
3 months to 31 March 2025
Rare earths: Supplying light and heavy rare earths from Tasmania into Western supply
chains
Executive Orders issued in USA and trade restrictions implemented by China highlight
supply risks of rare earths and reinforce the opportunities for ABx, with its ionic
absorption clay rare earth resource with high heavy rare earth content in Tasmania
A bespoke remote sensing technology was developed to accelerate exploration for rare
earths, and was used to identify drilling targets in a previously unexplored tenement,
where drilling is in progress
Fluorine waste recycling: Producing industrial chemicals from aluminium smelter
waste (ALCORE)
Orders were placed for all key equipment required for the continuous pilot plant. Most
of the specialised equipment is being fabricated by experienced overseas suppliers It is
expected that the equipment will be delivered in late 2025.
Formal guidelines for the Environmental Effects Report (EER) for the continuous pilot
plant were received from EPA Tasmania
Bauxite: Mining bauxite resources for the aluminium, cement and fertiliser industries
Ongoing discussions were held with numerous parties with strong interest in securing
bauxite supply from the Sunrise Bauxite Project in Queensland
For the DL130 Bauxite Project in Tasmania, the EPA approved an Environmental Permit.
Meander Valley Council is assessing the development application
Corporate
A second tranche of $1.33 million was received through the issue of convertible notes.1
ABx Group Limited (ASX: ABX) is a uniquely positioned Australian company delivering materials
for a cleaner future.
1
ASX Announcement, 21 March 2025
ABx Group Limited
ABN 14 139 494 885
ASX: ABX
Level 4, 100 Albert Road, South Melbourne, VIC 3205
P: +61 3 9692 7222
F: +61 2 9956 7355
Quarterly report to 31 March 2025
Rare Earths: global trade policies highlight supply risk for rare earths
The USA issued two Executive Orders to incentivise the processing of critical minerals,
including rare earths, in the USA.2,3 China’s Ministry of Commerce and the General
Administration of Customs jointly imposed immediate new restrictions on the export of
certain medium to heavy rare earth elements, including dysprosium and terbium – both
critical for high-performance magnets used in military technologies and offshore wind
turbines.4 ABx is uniquely positioned to meet this challenge and opportunity. The
Company has an ionic absorption clay rare earth resource with high heavy rare earth
content in Tasmania, and already has strong relationships with potential processing
operations in the USA, such as Ucore.5
A bespoke remote sensing technology was developed to accelerate exploration for rare
earths. It was initially tested on the existing resource at Deep Leads / Rubble Mound, and
then on the Portrush discovery located near St Leonards. The technology gave a positive
response in all three cases. It was then tested on scout bauxite drillholes that had been
drilled near Exton in 2012 (see Figure 2), so it was an area where it was not known if rare
earths were present. Re-assaying of samples confirmed that the ABx exploration method
had again identified concealed rare earth mineralisation. This work demonstrated that
the remote sensing technology was capable of identifying drilling targets.
The remote sensing technology was then used to identify drilling targets in the previously
unexplored tenement EL27/2022, immediately south of ABx’s Portrush REE discovery in
EL18/2014, where hole PR033 returned an exceptionally high-grade assay result of
4,812ppm total rare earth oxides (TREO).6
Post the end of the quarter, scout drilling commenced at a target area in EL27/2022.
Because this tenement is large, an easily transported trailer-mounted lightweight
geotechnical auger rig is being used. This rig will not always penetrate the full depth of
the REE clay horizon because of rocks within the soil and clay horizon. Nevertheless,
should the auger samples show evidence of potentially economic rare earth
mineralisation, a more powerful rig will be deployed, subject, as always, to landholder
approval
Applications for two exploration leases are in progress:
2
o
EL25/2022: covering the 16 km extension from Deep Leads - Rubble Mound to the
Wind Break discovery area
o
EL14/2025: a 165 km2 tenement about 30 km northwest of Launceston
https://www.whitehouse.gov/presidential-actions/2025/03/immediate-measures-to-increase-american-mineralproduction/
3
https://www.whitehouse.gov/presidential-actions/2025/04/ensuring-national-security-and-economic-resiliencethrough-section-232-actions-on-processed-critical-minerals-and-derivative-products/
4
https://www.hklaw.com/en/insights/publications/2025/04/china-imposes-export-controls-on-medium-andheavy-rare-earth-materials
5
ASX Announcement, 4 September 2024
6
ASX Announcement, 10 February 2022
2
Quarterly report to 31 March 2025
Rare Earths Strategy
Rare earths have many applications in a wide variety of industries. Permanent magnets are the
most valuable application, representing over 90% of the total value of rare earths demand.
Permanent magnets are used in electric vehicles, wind turbines, smartphones and military
applications. The four most important rare earths for permanent magnets are neodymium (Nd),
praseodymium (Pr), dysprosium (Dy) and terbium (Tb). The demand for these four rare earths is
predicted to grow significantly in coming years, potentially leading to significant supply shortfalls.
The supply risk is highest for dysprosium and terbium, the two heavy rare earths in permanent
magnets.
Globally, most rare earths are sourced from mineral deposits. These typically require large,
costly processing plants and a significant lead time to reach production.
An alternative source of rare earths is clay-hosted deposits. These typically contain a mixture of
ionic adsorption clay (IAC, the ionic component) and a non-ionic component. The relative
proportions of each in different deposits varies enormously. The rare earths in the ionic
component can be leached using a low-cost desorption process, which produces a solution
containing rare earths that is subsequently precipitated into a mixed rare earth carbonate
(MREC). Industry processing experts indicate that it is very difficult to economically extract rare
earths from the non-ionic component. Thus it is critical to have a high ionic proportion.
The other major advantages of ionic adsorption clay deposits are:
Higher proportion of heavy rare earths compared to mineral deposits
Low concentrations of radioactive elements such as uranium and thorium
Typically exist at shallow depth
These advantages mean that:
The minimum viable project for an ionic adsorption clay project is typically significantly
smaller than for a mineral project. Crucially, this means that considerably less capital,
time and risk is typically required to deliver a cash-flow positive ionic adsorption clay
project compared to a mineral project
The price of a MREC from an ionic adsorption clay deposit is typically higher than from a
mineral deposit.
Ionic adsorption clay deposits have historically been mined only in southern China.
ABx is the first company to discover rare earths in Tasmania (Figure 1) and has reported a JORCcompliant mineral resource of 89 million tonnes7 at its Deep Leads - Rubble Mound and Wind
Break deposits.8 The resource contains 36 ppm DyTb,9 the highest of any ionic clay REE deposit
in Australia and among the highest globally (see Figure 1). This contributes to a higher price for
7
41 Mt inferred, 42 Mt indicated and 6 Mt measured
ASX Announcement, 2 May 2024
9
DyTb = Dy2O3 + Tb4O7
8
3
Quarterly report to 31 March 2025
an MREC. Furthermore, the level of radioactive elements is very low (2 ppm U2O3 and 6 ppm
ThO2).
ABx engaged Australian Nuclear Science and Technology Organisation (ANSTO) to conduct
desorption tests, which found the highest extractions under relatively neutral conditions
reported from any clay-hosted resource in Australia,10,11 which means that the ABx resource has
the highest ionic proportion of any clay-hosted rare earths resource in Australia.
The ABx rare earth deposits are located in accessible forest plantations near highways, ports,
railways, airports, grid hydropower and major towns.
The ABx strategy is to produce a mixed rare earth carbonate that can be sold to rare earth
separation plants, for conversion into separated rare earth oxides. Numerous discussions with
potential customers and investors have confirmed the particular strengths of the ABx rare earth
deposits:
High levels of dysprosium and terbium
High ionic component
Located in Australia
The next stages of the project are:
Further exploration, primarily to identify the preferred initial mining location
Metallurgical studies, to develop an understanding of the parameters that affect the
performance of each process step (desorption, impurity removal and precipitation)
Developing a preferred process and initial cost model
Figure 1: Deep Leads REE Project compared to global ionic adsorption clay projects in terms of
Dy+Tb content12
10
ASX Announcement, 31 May 2022
ASX Announcement, 2 February 2023
12
ASX Announcement, 23 April 2025
11
4
Quarterly report to 31 March 2025
REE resources
Application
SW test
areas
Launceston
Exton
Scout drill
campaign
EL27/2022
EL28/2022
Figure 2: ABx leases in the 52 km wide REE province in northern Tasmania.
5
Quarterly report to 31 March 2025
ALCORE: orders placed for pilot plant
Orders were placed for all key equipment required for the continuous pilot plant,
marking a major milestone in the project.13 This includes the oleum plant, bath reactors,
scrubbers, cooling tower, and various ancillary process components. The total
investment in equipment is supported by the previously announced $7.5m14 in grant
funding under the Federal Government’s Modern Manufacturing Initiative (MMI).15
Most of the specialised equipment is being fabricated by experienced overseas suppliers.
The anticipated timeline for procurement and delivery is: three months for detailed
engineering and manufacturing design, one month for ALCORE’s review and approval,
followed by two to four months for equipment manufacture. It is expected that the
equipment will be delivered in late 2025.
In parallel, ALCORE has engaged key engineering consultants and contractors to support
the project, including BFluor Chemicals, an originally South African consulting service and
fluorochemical equipment manufacturing company with extensive experience in
technology implementation across the entire global fluorochemical value chain, and
Kempe Engineering, a leading global specialist provider of innovative engineering
solutions and asset services for aluminium smelting, major resource and other major
industries.
Regulatory processes are also progressing. ALCORE has received formal guidelines for
the Environmental Effects Report (EER) from EPA Tasmania, after previously submitting a
Notice of Intent for the pilot plant’s development. The Company has also progressed
discussions with George Town Council regarding planning approval requirements.
ABx and Core Refining (previously named Refined Ore Industries Limited (ROIL)) jointly
agreed to terminate the Heads of Agreement, which provided ABx with a global licence
to use the Core Refining intellectual property to produce aluminium fluoride from
bauxite.16 This was because ALCORE was no longer using or planning to use the Core IP.
The termination simplifies operations and removes an unnecessary complexity.
13
ASX announcement, 9 April 2025
ASX announcement, 29 April 2022. Note: Actual grant is $7,582,966.
15
The grant provides for up to 50% of eligible project expenditure. See https://business.gov.au/grants-andprograms/mmi-manufacturing-translation-stream-recycling-and-clean-energy-round-2
16
ASX announcements, 11 February 2025
14
6
Quarterly report to 31 March 2025
ALCORE Strategy
The main applications of hydrogen fluoride are to produce fluorocarbons, such as
refrigerants and polymers, and aluminium fluoride. It is also used in the manufacture of solar
cells and lithium-ion batteries, which is the most rapidly growing application. The global
market for hydrogen fluoride is over US$3 billion.
Hydrogen fluoride is mainly produced from fluorspar, which is obtained from the mineral
fluorite. Fluorspar is relatively high cost and has been identified as a critical material by the
USA, Europe, Japan and Canada. Fluorine was added to Australia’s critical minerals list in
2023.
Australia does not mine any fluorite, or produce any fluorspar, hydrogen fluoride or
aluminium fluoride, and so must import all its requirements. The present Australian demand
for hydrogen fluoride is small, and it is imported at high cost. There are prospects for
demand growth, but this will be difficult to satisfy without local production.
Aluminium fluoride is an essential chemical for aluminium metal production and Australia is
a significant producer. Australia is the largest producer without its own domestic aluminium
fluoride production, so Australian aluminium smelters rely entirely on imported aluminium
fluoride, typically more than 80% from China. The average aluminium fluoride price (FOB
China) has been more than US$1,350/t for the past two years.
Most modern aluminium smelters produce excess bath, which contains about 50% fluorine,
for which the only meaningful market is new smelters, which require bath to commence
operations. Aluminium industry forecasts suggest that the global bath market will
increasingly be in surplus, because far fewer new smelters are being constructed. All the
major global aluminium producers are eager for alternative applications for excess bath, to
avoid the unpalatable options of on-site storage or landfill.
ALCORE has developed a world-first proprietary process to produce industrial chemicals
from aluminium smelter bath waste. The major products are hydrogen fluoride and metal
sulfates. The hydrogen fluoride is combined with aluminium hydroxide to produce
aluminium fluoride via an existing commercial process. The combined approach is illustrated
in Figure 3.
The metal sulfates can potentially be sold as a single industrial chemical or further processed
into multiple industrial chemicals. A range of options is being assessed.
ALCORE intends to construct commercial hydrogen fluoride and aluminium fluoride plants
in Bell Bay, Tasmania. In 2022, ALCORE received a $7.6 million grant from the Australian
Government’s Modern Manufacturing Initiative (MMI) to support the project.17
The process to produce hydrogen fluoride has been operated at pilot scale in a batch reactor.
The next stage is to construct and operate a bath continuous pilot plant, the outcomes of
which will be:
17
ASX Announcement, 29 April 2022
7
Quarterly report to 31 March 2025
1. Selection of reactor designs and process conditions for the commercial plant
2. Production of saleable hydrogen fluoride for evaluation by customers
ALCORE has secured the support of Rio Tinto18 and the Tasmanian Government19 to locate
the pilot plant in an existing industrial facility adjacent to the Bell Bay aluminium smelter in
northern Tasmania.
Smelter bath
Aluminium
smelting
AIF3
HF
Aluminium
fluoride
Hydrogen
fluoride
e.g. Refrigerants,
lubricants
Fluorocarbons
Metal
sulfates
e.g. Metal
treatment, graphite
purification
Figure 3: Circular economy approach of recycling aluminium smelter bath into hydrogen fluoride and
other industrial chemicals
18
19
ASX Announcement, 15 January 2025
ASX Announcement, 19 December 2024
8
Quarterly report to 31 March 2025
Bauxite: global supply disruptions increasing interest in ABx bauxite projects
Sunrise Bauxite Project: Binjour, Queensland
Ongoing discussions are progressing with several groups demonstrating strong interest
in securing bauxite supply from the Sunrise project. This is consistent with increased
global bauxite prices caused by major supply disruptions in Guinea and reduced
production in China.
Given the substantive change the market conditions, ABx is actively exploring several
options for the project, with a preference for securing value in a shorter timeframe.
Various parties are indicating interest in financing the project, with ABx recently hosting
visits to the project sites in Binjour and Bundaberg.
DL130 Bauxite Project: Tasmania
The EPA advised ABx that they had approved an Environmental Permit, noting several
conditions and restrictions that the Meander Valley Council (MVC) development permit
would need to include. MVC is assessing the development application.
Bauxite Strategy
Metallurgical Grade
Global metallurgical bauxite prices have substantially increased in recent months due to a
combination of factors, notably reduced bauxite production in China and supply disruptions
in Guinea. These higher prices have materially increased the value of ABx’s bauxite assets.
The largest project is the Sunrise Bauxite Project in Queensland, with a JORC compliant
resource of 37 million tonnes. It is anticipated that the mine will export 500,000 tonnes per
year of metallurgical grade bauxite in its first year of production, then scale up to full
operational capacity of 1.5 million tonnes per year.
In February 2022, ABx entered a JV with Alumin for the development of the Sunrise Bauxite
Project, comprising a bauxite mine at Binjour and port operations at Bundaberg.20 Alumin is
an Australian special purpose vehicle company associated with our strategic marketing
partner, Rawmin India, having extensive experience in funding long term sustainable
investments in projects involving mining and bulk-shipping of metallurgical grade bauxite to
end users around the world.
Alumin is continuing negotiations with multiple interested parties to secure long-term
offtake agreements, reflecting the growing global demand for bauxite and the limited
number of options for new supply.
20
ASX Announcement, 28 February 2022
9
Quarterly report to 31 March 2025
Cement and Fertiliser Grade
The ABx strategy is to selectively produce cement grade and fertiliser grade bauxite, with a
focus on profitability. ABx bauxite can substantially improve the properties of cement and
superphosphate fertiliser produced by particular plants.
In Tasmania, ABx has three bauxite deposits that of cement and fertiliser grade. ABx has
previously mined at Bald Hill near Campbell Town from 2014 to 2020 and sold the product
to cement and fertiliser plants.
ABx plans to recommence bauxite mining at the DL130 Bauxite Project, located about 50 km
west of Launceston. Assessment of the mine lease application by Meander Valley Council,
the EPA and Mineral Resources Tasmania is in progress.
In September 2023, an agreement was executed with Adelaide Brighton Cement Limited
(ABCL), a subsidiary of Adbri Limited (ASX:ABC), for the supply of cement-grade bauxite to
ABCL’s Birkenhead cement manufacturing operation in South Australia.21 The agreement
forecasts supply of 90,000-120,000 tonnes of bauxite over a five-year term.
Corporate
A second tranche of $1.33 million was received through the issue of convertible notes.22 This
follows the first tranche of $370,000 that was received in December.23
In May 2024, ABx published its baseline Environmental, Social, and Governance (“ESG”)
report.24 In each quarterly report, ABx will publish its ESG progress dashboard, summarising
its progress against 21 core metrics developed by the World Economic Forum. The
dashboard is shown on the following page.
Updated rare earths, ALCORE and bauxite presentations have been placed on the ABx
website www.abxgroup.com.au.
This announcement is approved for release by the board of directors.
For further information please contact:
Dr Mark Cooksey
MD & CEO
ABx Group
+61 447 201 536
mcooksey@abxgroup.com.au
www.abxgroup.com.au
Media
Chapter One Advisors
David Tasker / Alex Baker
+61 433 112 936 / +61 432 801 745
dtasker@chapteroneadvisors.com.au /
abaker@chapteroneadvisors.com.au
21
ASX Announcement, 11 September 2023
ASX Announcement, 21 March 2025
23
ASX Announcement, 30 December 2024
24
ASX Announcement, 30 May 2024
22
10
Quarterly report to 31 March 2025
11
Quarterly report to 31 March 2025
Qualifying statements
General: The information in this report that relate to Exploration Information and Mineral Resources are based on
information compiled by Jacob Rebek and Ian Levy who are members of The Australasian Institute of Mining and
Metallurgy and the Australian Institute of Geoscientists. Mr Rebek and Mr Levy are qualified geologists and Mr Levy is
a director of ABx Group Limited.
Mainland: The information relating to Mineral Resources on the Mainland was prepared and first disclosed under the
JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information
has not materially changed since it was last reported. Mr Rebek and Mr Levy have sufficient experience, which is relevant
to the style of mineralisation and type of deposit under consideration and to the activity, which they are undertaking to
qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of exploration Results,
Mineral Resources and Ore Reserves. Mr Rebek and Mr Levy have consented in writing to the inclusion in this report of
the Exploration Information in the form and context in which it appears.
Tasmania: The information relating to Exploration Information and Mineral Resources in Tasmania has been prepared
or updated under the JORC Code 2012. Mr Rebek and Mr Levy have sufficient experience, which is relevant to the style
of mineralisation and type of deposit under consideration and to the activity, which they are undertaking to qualify as
a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves. Mr Rebek and Mr Levy have consented in writing to the inclusion in this report
of the Exploration Information in the form and context in which it appears.
The information relating to the latest REE Resources update is extracted from the report entitled “ABx Rare Earth
Resources Increase 70% to 89 Million Tonnes” dated 2 May 2024 and is available to view on
https://www.abxgroup.com.au/site/investor-information/asx-announcements.
The Company confirms that it is not aware of any new information or data that materially affects the information
included in the company’s market announcements and, in the case of estimates of Mineral Resources or Ore Reserves,
that all material assumptions and technical parameters underpinning the estimates in the relevant market
announcement continue to apply and have not materially changed.
The Company also confirms that the form and context in which the Competent Person’s findings are presented have
not been materially modified from the original market announcements.
Disclaimer Regarding Forward Looking Statements
This ASX announcement (Announcement) contains various forward-looking statements. All statements other than
statements of historical fact are forward-looking statements. Forward-looking statements are inherently subject to
uncertainties in that they may be affected by a variety of known and unknown risks, variables and factors which could
cause actual values or results, performance or achievements to differ materially from the expectations described in
such forward-looking statements.
ABx does not give any assurance that the anticipated results, performance or achievements expressed or implied in
those forward-looking statements will be achieved.
12
Quarterly report to 31 March 2025
Table 1: Tenement information required under LR 5.3.3
Tenement No.
Location
New South Wales
EL 9593
Taralga
EL 9664
Penrose Quarry
Queensland
MLA 100277
Sunrise ML application
EPM 27787
Binjour
Tasmania
EL 7/2010
Conara
EL 9/2010
Deloraine
EL 18/2014
Prosser’s Road
EL 10/2021
Rubble Mound
EL 27/2022
Temple Bar
EL 28/2022
Triangle Flats
Notes: No tenements were relinquished. All tenements are in
good standing, 100% owned and not subject to any third-party
royalties nor are they encumbered in any way.
Information required under Listing Rule 5.3.1: Exploration expenditure reported during the quarter related to
the rare earth project development ($308,000), research conducted by ALCORE with respect to its reported
advancements ($344,000), and staff, administration and corporate costs ($275,000).
Information required under Listing Rule 5.3.2: No mining production was conducted during the quarter.
Information required under Listing Rule 5.3.5: The payments as disclosed in section 6.1 of the Appendix 5B
amounting to $86,000 relate to payment for Director’s fees and salaries.
13
Rule 5.5
Appendix 5B
Mining exploration entity or oil and gas exploration entity
quarterly cash flow report
Name of entity
ABx Group Limited
ABN
Quarter ended (“current quarter”)
14 139 494 885
31 March 2025
Consolidated statement of cash flows
Current quarter
$A’000
1.
Cash flows from operating activities
1.1
Receipts from customers
1.2
Payments for
Year to date (3
months)
$A’000
-
-
(a) exploration & evaluation
-
-
(b) research & development
(344)
(344)
(c) production
-
-
(d) staff costs
(40)
(40)
(e) administration and corporate costs
(235)
(235)
-
-
27
27
1.3
Dividends received (see note 3)
1.4
Interest received
1.5
Interest and other costs of finance paid
-
-
1.6
Income taxes paid
-
-
1.7
Government grants and tax incentives
147
147
1.8
Other (provide details if material)
-
-
1.9
Net cash from / (used in) operating
activities
(445)
(445)
2.
Cash flows from investing activities
2.1
Payments to acquire or for:
(a) entities
-
-
(b) tenements
-
-
(c) property, plant and equipment
-
-
(308)
(308)
(e) investments
-
-
(f)
-
-
(d) exploration & evaluation
other non-current assets
ASX Listing Rules Appendix 5B (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
Page 1
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
Consolidated statement of cash flows
2.2
Proceeds from the disposal of:
Current quarter
$A’000
Year to date (3
months)
$A’000
-
-
(b) tenements
-
-
(c) property, plant and equipment
-
-
(d) investments
-
-
(e) other non-current assets (release of
MMI funds held-in-trust)
-
-
2.3
Cash flows from loans to other entities
-
-
2.4
Dividends received (see note 3)
-
-
2.5
Other (provide details if material)
-
-
2.6
Net cash from / (used in) investing
activities
(308)
(308)
-
-
1,360
1,360
-
-
(16)
(16)
(a) entities
3.
Cash flows from financing activities
3.1
Proceeds from issues of equity securities
(excluding convertible debt securities)
3.2
Proceeds from issue of convertible debt
securities
3.3
Proceeds from exercise of options
3.4
Transaction costs related to issues of equity
securities or convertible debt securities
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 (Advance received from Investors)
-
-
3.10
Net cash from / (used in) financing
activities
1,344
1,344
4.
Net increase / (decrease) in cash and
cash equivalents for the period
4.1
Cash and cash equivalents at beginning of
period
561
561
4.2
Net cash from / (used in) operating
activities (item 1.9 above)
(445)
(445)
4.3
Net cash from / (used in) investing activities
(item 2.6 above)
(308)
(308)
ASX Listing Rules Appendix 5B (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
Page 2
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
Consolidated statement of cash flows
4.4
Net cash from / (used in) financing activities
(item 3.10 above)
4.5
Effect of movement in exchange rates on
cash held
4.6
Cash and cash equivalents at end of
period
Current quarter
$A’000
Year to date (3
months)
$A’000
1,344
1,344
-
-
1,152
1,152
5.
Reconciliation of cash and cash
equivalents
Current quarter
$A’000
Previous quarter
$A’000
5.1
Bank balances
1,112
521
5.2
Call deposits
40
40
5.3
Bank overdrafts
-
-
5.4
Other
-
-
5.5
Cash and cash equivalents at end of
quarter (should equal item 4.6 above)
6.
Payments to related parties of the entity and their
associates
6.1
Aggregate amount of payments to related parties and their
associates included in item 1
86
6.2
Aggregate amount of payments to related parties and their
associates included in item 2
-
at the end of the quarter (as shown in the
consolidated statement of cash flows) to the
related items in the accounts
1,152
561
Current quarter
$A'000
Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an
explanation for, such payments.
ASX Listing Rules Appendix 5B (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
Page 3
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
7.
Financing facilities
Note: the term “facility’ includes all forms of financing
arrangements available to the entity.
Add notes as necessary for an understanding of the
sources of finance available to the entity.
Total facility
amount at quarter
end
$A’000
Amount drawn at
quarter end
$A’000
7.1
Loan facilities
-
-
7.2
Credit standby arrangements
-
-
7.3
Other (please specify)
2,826
-
7.4
Total financing facilities
2,826
-
7.5
Unused financing facilities available at quarter end
7.6
Include in the box below a descriptio
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