VVV Resources Limited: Interim Results for the six months ended 30 June 2023

VVV Resources Limited (VVV) VVV Resources Limited: Interim Results for the six months ended 30 June 2023 28-Sep-2023 / 14:00 GMT/BST VVV Resources Limited ("VVV” or the “Company”) Interim Results for the six months ended 30 June 2023 VVV Resources Limited (formerly Veni Vidi Vici Limited) announces its unaudited interim results for the six months ended 30 June 2023. OVERVIEW The Company’s goals for the six months to 30 June 2023 were to continue its endeavours to acquire suitable mineral projects in user-friendly jurisdictions The Company has reviewed a number of exploration opportunities during the reporting period; some of these do not fit our investment strategy; others do. An update on this is expected shortly. The past six months has continued to be a period of global uncertainty, volatility and conflict and the ongoing war between Russia and Ukraine continues to cause significant direct and indirect consequences. The Company’s only current asset continues to be a 51% holding in the Shangri La polymetallic project in Western Australia. All work commitments for this project are currently up to date. Director changes have occurred during the past six months; Jim Williams became Executive Chairman during June and Malcolm Macleod departed the Board in August. Currently the Board comprises two directors, Mahesh Pulandaran as a Non-Executive and Jim Williams as an Executive. The Board remains confident that the private and pre-IPO markets remain significantly under-served and as such significant opportunities exist for the Company going forward. We would like to thank all our shareholders for their continued support and look forward to updating you on further news in due course. Eur. Ing. Jim Williams, MSc, D.I.C., CEng, CGeol, FIMMM Executive Chairman FINANCE REVIEW The loss for the period to 30 June 2023 was £62,000 (30 June 2022 - £ 77,000 and 31 December 2022 - £156,000 loss) which mainly related to share based payments, regulatory costs and other corporate overheads. The total revenue for the period was nil.  At 30 June 2023, the Company had cash balances of £159,000 (30 June 2022 - £ 17,000 and 31 December 2022 - £208,000). The interim accounts to 30 June 2023 have not been reviewed by the Company’s auditors. The Directors of the Company accept responsibility for the contents of this announcement. For further information please contact: The Company Jim Williams [phone] AQSE Growth Market Corporate Adviser: Peterhouse Capital Limited Guy Miller/Mark Anwyl [phone] Unaudited Condensed Group Statement of Comprehensive Income for the six months ended 30 June 2023 Consolidated Company Company 6 months to 6 months to Year ended 30 June 2023 30 June 2022 31 December 2022 Unaudited Unaudited Audited Notes £’000 £’000 £’000 Continuing operations Revenue Investment income - - - Total gains on AFS investments - - - Administrative costs (62) (77) (139) Loss Allowance for loan - - (17) Operating (loss) (62) (77) (156) Finance costs - - - (Loss) before tax (62) (77) (156) Taxation - - - (Loss) for the period (62) (77) (156) Other comprehensive income Translation exchange (loss)/gain  - - - Other comprehensive income for the period net of taxation - - - Total Comprehensive Income for the year attributable to the owners of the parent company (62) (77) (156) (Loss) per share: Basic and diluted (loss) per share (pence) 2 (1.98) (4.09) (7.46) Unaudited Condensed Group Statement of Financial Position as at 30 June 2023 Group Company Company 30 June 2023 30 June 2022 31 December 2022 Unaudited Unaudited Audited Notes £’000 £’000 £’000 ASSETS Non-current assets Investments accounted for using the equity method 136 136 136 136 136 136 Current assets Trade and other receivables 19 34 23 Cash and cash equivalents 159 17 208 178 51 231 Total assets 314 187 367 LIABILITIES Current liabilities Trade and other payables (93) (116) (83) Total current liabilities (93) (116) (83) Total liabilities (93) (116) (83) Net Assets 221 71 284 EQUITY Equity attributable to equity holders of the parent Share capital - - - Share premium account 1,154 863 1,154 Share based payment reserve 26 26 26 Retained earnings (959) (818) (896) Total equity 221 71 284 Unaudited Condensed Group Statement of Cash Flows for the six months ended 30 June 2023 Consolidated Company Company 6 months to 6 months to Year to 30 June 2023 30 June 2022 31 December 2022 Unaudited Unaudited Audited £’000 £’000 £’000 Cash flows from operating activities Operating (loss) (62) (77) (156) Adjustments for: Share based payment charge - - - Issue of shares to settle liabilities - - - Decrease/(increase) in trade and other receivables 3 (12) (1) Increase/(decrease) in trade and other payables 10 19 (13) Net cash used in operating activities (49) (70) (170) Investing activities Finance Costs - - - Investment in intangible assets - - - Net cash outflow in investing activities - - - Financing activities Issue of share capital - - 291 Net cash from financing activities - - 291 Net change in cash and cash equivalents (49) (70) 121 Cash and cash equivalents at beginning of period 208 87 87 Cash and cash equivalents at end of period 159 17 208 Notes to the condensed interim financial statements   1.              General Information Basis of preparation and accounting The financial information has been prepared on the historical cost basis. The Company’s business activities, together with the factors likely to affect its future development, performance and position are set out in the Chairman’s Statement. This statement also includes a summary of the Company’s financial position and its cash flows. These condensed interim financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union with the exception of International Accounting Standard (‘IAS’) 34 – Interim Financial Reporting. Accordingly the interim financial statements do not include all of the information or disclosures required in the annual financial statements and should be read in conjunction with the Company’s 2021 annual financial statements. 2.              Earnings per share The calculation of the basic earnings per share is based on the earnings attributable to ordinary shareholders divided by the weighted average number of shares in issue during the year. The calculation of diluted earnings per share is based on the basic earnings per share, adjusted to allow for the issue of shares and the post-tax effect of dividends and/or interest, on the assumed conversion of all dilutive options and other dilutive potential ordinary shares. Reconciliations of the earnings and weighted average number of shares used are set out below. Six months to Six months to Year ended 30 June 2023 30 June 2022 31 December 2022 (Unaudited) (Unaudited) (Audited) (£’000) (£’000) (£’000) Net loss attributable to equity holders of the company (62) (77) (156) Number of shares Weighted average number of ordinary Shares for the purposes of basic loss per share 3,126,757 1,884,167 2,089,400 Basic and diluted loss per share (pence) (1.98) (4.09) (7.46) 3.              Events after the reporting date There are no events after the end of the reporting date to disclose. Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

ISIN:	VGG9470B1004
Category Code:	MSCM
TIDM:	VVV
LEI Code:	213800OEUSH43X859D83
Sequence No.:	274682
EQS News ID:	1737141

End of Announcement	EQS News Service