Wrap Text
Quarterly Activities and Cashflow Report
for the Period Ended 31 March 2016 - Appendix B (2)
FERRUM CRESCENT LIMITED
(Incorporated and registered in Australia and registered as an external company in the Republic of South Africa)
(Registration number A.C.N. 097 532 137)
(External company registration number 2011/116305/10)
Share code on the ASX: FCR
Share code on AIM: FCR
Share code on the JSE: FCR
Australian ISIN: AU000000WRL8
South African ISIN: AU000000FCR2
Appendix 5B
Mining exploration entity quarterly report
Appendix 5B
Mining 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
Name of entity
Ferrum Crescent Limited
ABN Quarter ended (“current quarter”)
58 097 532 137 31 March 2016
Consolidated statement of cash flows
Current quarter Year to date
Cash flows related to operating activities (9 months)
$A’000 $A’000
1.1 Receipts from product sales and related
debtors
1.2 Payments for (a) exploration & evaluation (57) (277)
(b) development
(c) production
(d) administration (291) (935)
1.3 Dividends received
1.4 Interest and other items of a similar nature
received 1 2
1.5 Interest and other costs of finance paid
1.6 R&D recoupment tax
1.7 Other – net income on restricted cash
investments
Net Operating Cash Flows (347) (1,210)
Cash flows related to investing activities
1.8 Payment for purchases of:
(a) prospects (2) (2)
(b) equity investments
(c) other fixed assets
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 (restricted cash investments) - 107
Net investing cash flows (2) 105
1.13 Total operating and investing cash flows
(carried forward) (349) (1,105)
+ See chapter 19 for defined terms.
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1.13 Total operating and investing cash flows
(brought forward) (349) (1,105)
Cash flows related to financing
activities
1.14 Proceeds from issues of shares, options, 359 359
etc.
1.15 Proceeds from sale of forfeited shares
1.16 Proceeds from borrowings
1.17 Repayment of borrowings
1.18 Dividends paid
1.19.1 Other
1.19.2 Other - First Tranche proceeds from Anvar
Asian Investment
1.19.3 Other – share issue costs (32) (32)
327 327
Net financing cash flows
Net increase (decrease) in cash held (22) (778)
1.20 Cash at beginning of quarter/year to date 287 1,029
1.21 Exchange rate adjustments to item 1.20 (11) 3
254 254
1.22 Cash at end of quarter
Payments to directors of the entity and associates of the directors
Payments to related entities of the entity and associates of the
related entities
Current quarter
$A'000
1.23 Aggregate amount of payments to the parties included in item 1.2 40
1.24 Aggregate amount of loans to the parties included in item 1.10 -
1.25 Explanation necessary for an understanding of the transactions
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.
+ See chapter 19 for defined terms.
Appendix 5B Page 2 31/03/2016
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Mining exploration entity quarterly report
Amount available Amount used
$A’000 $A’000
3.1 Loan facilities
3.2 Credit standby arrangements
Estimated cash outflows for next quarter
$A’000
4.1 Exploration and evaluation 50
4.2 Development
4.3 Production
4.4 Administration 190
Total 240
The company will be concentrating on doing a capital raise in the next quarter.
Reconciliation of cash
Reconciliation of cash at the end of the quarter (as Current quarter Previous quarter
shown in the consolidated statement of cash flows) $A’000 $A’000
to the related items in the accounts is as follows.
5.1 Cash on hand and at bank 254 212
5.2 Deposits at call - 75
5.3 Bank overdraft
5.4 Other (provide details)
254 287
Total: cash at end of quarter (item 1.22)
Changes in interests in mining tenements
Tenement reference Nature of interest Interest at Interest
(note (2)) beginning at end of
of quarter quarter
6.1 Interests in mining
tenements and
petroleum tenements
relinquished, reduced
or lapsed
+ See chapter 19 for defined terms.
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6.2 Interests in mining
tenements and
petroleum tenements
acquired or increased
Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or conversion rights together with prices and dates.
Total number Number quoted Issue price per Amount paid up
security (see per security (see
note 3) (cents) note 3) (cents)
7.1 Preference
+securities
(description)
7.2 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through returns
of capital, buy-
backs,
redemptions
7.3 +Ordinary 772,984,191 770,684,191 Various Fully Paid
securities
7.4 Changes during 4,515,041 4,515,041 GBP0.00144 GBP0.00144
quarter 149,681,797 149,681,797 $0.0024 $0.0024
(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
+ See chapter 19 for defined terms.
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7.7 Options Exercise price Expiry date
(description and 500,000 - $0.03 21 November 2016
conversion 2,500,000 - $0.08 19 February 2017
factor) 2,000,000 - GBP0.0075 2 February 2018
3,000,000 - GBP0.02 2 February 2018
2,000,000 - GBP0.0075 1 March 2018
3,000,000 - GBP0.02 1 March 2018
7.8 Issued during
quarter
7.9 Exercised
during quarter
7.10 Expired /
cancelled
during quarter
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 /does not* (delete one) give a true and fair view of the
matters disclosed.
Sign here: ............................................................ Date: 29 April 2016
Print name: Grant Button
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 acquired, exercised or lapsed during the
reporting period. If the entity is involved in a joint venture agreement and
+ See chapter 19 for defined terms.
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Mining exploration entity quarterly report
there are conditions precedent which will change its percentage interest in a
mining 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.
== == == == ==
+ See chapter 19 for defined terms.
Appendix 5B Page 6 31/03/2016
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