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FERRUM CRESCENT LIMITED - Quarterly Activities and Cashflow Report for the Period Ended 31 March 2016 - Appendix B (2)

Release Date: 29/04/2016 08:37
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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. 
   
  31/03/2016                                                                                                      Appendix 5B  Page 1 
   
    Appendix 5B 
    Mining exploration entity quarterly report 
     

     
     
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 
                                                                                       Appendix 5B 
                                                          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. 
     
    31/03/2016                                                                                   Appendix 5B  Page 3 
     
Appendix 5B 
Mining exploration entity quarterly report 
 

 
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. 
 
Appendix 5B  Page 4                                                                                         31/03/2016 
                                                                                        Appendix 5B 
                                                           Mining exploration entity quarterly report 
 

 
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. 
 
31/03/2016                                                                                               Appendix 5B  Page 5 
 
Appendix 5B 
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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