Auroch Minerals : Amended Appendix 5B

Published: 2021-11-23 23:40:07 ET AOU.AX

For personal use only

ASX ANNOUNCEMENT

24th November 2021

Amended Appendix 5B

On 29 October Auroch Minerals Limited lodged an Appendix 5B for the September 2021 Quarter.

Please find attached an amended Appendix 5B due to changes in section 8 - Estimated cash available for future operating activities. All other numerical values remain unaltered.

This announcement has been authorised by the Board of Directors of the Company.

-END-

For further information visit www.aurochminerals.comor contact:

Aidan Platel

Managing Director

E: [email protected]

For personal use only

Rule 5.5

Appendix 5B

Mining exploration entity or oil and gas exploration entity

quarterly cash flow report

Name of entity

Auroch Minerals Limited

ABN

Quarter ended ("current quarter")

91 148 966 545

30 September 2021

Consolidated statement of cash flows

Current quarter

Year to date (3

$A'000

months)

$A'000

1. Cash flows from operating activities

1.1

Receipts from customers

1.2 Payments for

(a)

exploration & evaluation

(b)

development

(c)

production

(d)

staff costs

(174)

(e)

administration and corporate costs

(361)

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

1.8

Other (provide details if material)

(55)

1.9

Net cash from / (used in) operating

(590)

activities

2. Cash flows from investing activities

2.1 Payments to acquire:

(a)

entities

(b)

tenements

(c)

property, plant and equipment

(14)

(d)

exploration & evaluation

(2,034)

(e)

investments

(f)

other non-current assets

ASX Listing Rules Appendix 5B (17/07/20)

Page 1

+ See chapter 19 of the ASX Listing Rules for defined terms.

For personal use only

Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Consolidated statement of cash flows

Current quarter

Year to date (3

$A'000

months)

$A'000

2.2 Proceeds from the disposal of:

(a)

entities

(b)

tenements

(c)

property, plant and equipment

(d)

investments

(e)

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)

268

2.6

Net cash from / (used in) investing

(1,780)

activities

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

1,489

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 (provide details if material)

3.10

Net cash from / (used in) financing

1,555

activities

4. Net increase / (decrease) in cash and cash equivalents for the period

4.1

Cash and cash equivalents at beginning of

3,073

period

4.2

Net cash from / (used in) operating

(590)

activities (item 1.9 above)

4.3

Net cash from / (used in) investing activities

(1,780)

(item 2.6 above)

4.4

Net cash from / (used in) financing activities

1,555

(item 3.10 above)

ASX Listing Rules Appendix 5B (17/07/20)

Page 2

+ See chapter 19 of the ASX Listing Rules for defined terms.

Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report

only

Consolidated statement of cash flows

Current quarter

Year to date (3

$A'000

months)

$A'000

2,258

personal use

Reconciliation of cash and cash

Current quarter

Previous quarter

equivalents

(June 2021)

at the end of the quarter (as shown in the

$A'000

consolidated statement of cash flows) to the

related items in the accounts

5.1

Bank balances

2,258

3,073

5.2

Call deposits

5.3

Bank overdrafts

5.4

Other (provide details)

5.5

Cash and cash equivalents at end of

2,258

3,073

quarter (should equal item 4.6 above) *

* Additional funds from options underwriting $1.38M (including fees) and Placement of $8M (including fees) due in the December 2021 quarter.

Payments to related parties of the entity and their

Current quarter

associates

$A'000

6.1

Aggregate amount of payments to related parties and their

associates included in item 1

6.2

Aggregate amount of payments to related parties and their

associates included in item 2

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

For

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 drawn at

amount at

quarter end

$A'000

1,380

7.5

Unused financing facilities available at quarter end

1,380

7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.

ASX Listing Rules Appendix 5B (17/07/20)

Page 3

+ See chapter 19 of the ASX Listing Rules for defined terms.

For personal use only

Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Estimated cash available for future operating activities

$A'000

8.1

Net cash from / (used in) operating activities (Item 1.9)

(590)

8.2

(Payments for exploration & evaluation classified as investing

(2,034)

activities) (item 2.1(d))

8.3

Total relevant outgoings (Item 8.1 + Item 8.2)

(2,624)

8.4

Cash and cash equivalents at quarter end (Item 4.6)

2,259

8.5

Unused finance facilities available at quarter end (Item 7.5)

1,380

8.6

Total available funding (Item 8.4 + Item 8.5)

3,639

8.7

Estimated quarters of funding available (Item 8.6 divided by

1.38

Item 8.3)

8.8 If Item 8.7 is less than 2 quarters, please provide answers to the following questions:

1. Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?

Answer: Yes

2. Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?

Answer: Successful $8 million (before costs) capital raise announced 28th October 2021.

3. Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?

Answer: Yes, $8 million (before costs) capital raise announced 28th October 2021 will fund future exploration programmes.

Compliance statement

Date: 24 November 2021............................................................................

Authorised by: By the Board................................................................................

(Name of body or officer authorising release - see note 4)

Notes

ASX Listing Rules Appendix 5B (17/07/20)

Page 4

+ See chapter 19 of the ASX Listing Rules for defined terms.

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Auroch Minerals Ltd. published this content on 24 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2021 04:39:06 UTC.