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Mining exploration entity and oil and gas exploration entity quarterly report
Coal of Africa Limited
(Incorporated and registered in Australia)
Registration number ABN 008 905 388
ISIN AU000000CZA6
JSE/ASX/AIM share code: CZA
("CoAL or the "Company" or the "Group")
+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
Coal of Africa Limited
ABN Quarter ended (“current quarter”)
98 008 905 388 31 December 2016
Consolidated statement of cash flows Current quarter Year to date (6
$USD’000 months)
$USD’000
1. Cash flows from operating activities
.1 Receipts from customers 191 191
1.2 Payments for
(a) exploration & evaluation - -
(b) development - -
(c) production - -
(d) staff costs (666) (1,745)
(e) administration and corporate costs (1,974) (4,911)
1.3 Dividends received (see note 3) - -
1.4 Interest received 28 79
1.5 Interest and other costs of finance pa - -
1.6 Income taxes paid - -
1.7 Research and development refunds - -
1.8 Other (provide details if material) - -
1.9 Net cash from / (used in) operating (2,421) (6,386)
activities
+ See chapter 19 for defined terms
1 September 2016 Page 1
Consolidated statement of cash flows Current quarter Year to date (6
$USD’000 months)
$USD’000
2. Cash flows from investing activities
2.1 Payments to acquire:
(a) property, plant and equipment - -
(b) tenements (see item 10) - -
(c) investments (681) (1,270)
(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 1,101 1,101
2.3 Cash flows from loans to other entities 116 356
2.4 Dividends received (see note 3) - -
2.5 Other (provide details if material) - -
2.6 Net cash from / (used in) investing 536 187
activities
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 - -
3.6 Repayment of borrowings (2,218) (6,532)
3.7 Transaction costs related to loans and - -
borrowings
3.8 Dividends paid - -
3.9 Other (provide details if material) - -
3.10 Net cash from / (used in) financing (2,218) (6,532)
activities
4. Net increase / (decrease) in cash and
cash equivalents for the period
4.1 Cash and cash equivalents at beginning of
period 11,905 20,004
4.2 Net cash from / (used in) operating (2,421) (6,386)
activities (item 1.9 above)
4.3 Net cash from / (used in) investing activities 536 187
(item 2.6 above)
+ See chapter 19 for defined terms
1 September 2016
Consolidated statement of cash flows Current quarter Year to date (6
$USD’000 months)
$USD’000
4.4 Net cash from / (used in) financing activities (2,218) (6,532)
(item 3.10 above)
4.5 Effect of movement in exchange rates on (441) 88
cash held
4.6 Cash and cash equivalents at end of 7,361 7,361
period
5. Reconciliation of cash and cash Current quarter Previous quarter
equivalents $USD’000 $USD’000
at the end of the quarter (as shown in the
consolidated statement of cash flows) to the
related items in the accounts
5.1 Bank balances 7,091 11,633
5.2 Call deposits 270 272
5.3 Bank overdrafts
5.4 Other (provide details)
5.5 Cash and cash equivalents at end of 7,361 11,905
quarter (should equal item 4.6 above)
6. Payments to directors of the entity and their associates Current quarter
$USD'000
6.1 Aggregate amount of payments to these parties included in item 1.2 214
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
Salary payments for the quarter made to Non-Executive and Executive directors.
7. Payments to related entities of the entity and their associates Current quarter
$USD'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
+ See chapter 19 for defined terms
1 September 2016
8. Financing facilities available Total facility amount Amount drawn at
Add notes as necessary for an at quarter end quarter end
understanding of the position $USD’000 $USD’000
8.1 Loan facilities 10,000 10,000
8.2 Credit standby arrangements
8.3 Other (please specify)
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.
YBI Loan facility of USD10,000. The loan bears no interest and has a potential conversion to equity
post 31 December 2016.
9. Estimated cash outflows for next quarter $USD’000
9.1 Exploration and evaluation
9.2 Development (574)
9.3 Production
9.4 Staff costs (1,089)
9.5 Administration and corporate costs
9.6 Other (Rio Tinto repayment included in this balance) (3,421)
9.7 Total estimated cash outflows (5,083)
10. Changes in Tenement Nature of interest Interest at Interest
tenements reference beginning at end of
(items 2.1(b) and and of quarter quarter
2.2(b) above) location
10.1 Interests in mining
tenements and
petroleum tenements
lapsed, relinquished
or reduced
10.2 Interests 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: ............................................................ Date: .............................................
(Director/Company secretary)
Print name: .........................................................
+ See chapter 19 for defined terms
1 September 2016 Page 4
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.
Johannesburg
31 January 2017
Sponsor
Investec Bank Limited
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