Appendix 5B

RNS Number : 0713E

Scotgold Resources Ltd

02 November 2015

 

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, 01/05/2013

Name of entity

SCOTGOLD RESOURCES LIMITED

ABN		Quarter ended ("current quarter")
42 127 042 773		30 SEPTEMBER 2015

Consolidated statement of cash flows

Cash flows related to operating activities		Current quarter $A	Year to date (3 months) $A
1.1	Receipts from product sales and related debtors	-	-
1.2	Payments for    (a)  exploration & evaluation                              (b)  development                              (c)  production                              (d)  administration	(362,028) - - (255,646)	(362,028) - - (255,646)
1.3	Dividends received	-	-
1.4	Interest and other items of a similar nature received	307	307
1.5	Interest and other costs of finance paid	(1,500)	(1,500)
1.6	Income taxes paid	-	-
1.7	Other (provide details if material)	-	-
	Net Operating Cash Flows	(618,867)	(618,867)
	Cash flows related to investing activities
1.8	Payment for purchases of:  (a)  prospects                                                   (b)  equity investments                                                   (c)  other fixed assets	- - (5,531)	- - (5,531)
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 (provide details if material)	-	-
	Net investing cash flows	(5,531)	(5,531)
1.13	Total operating and investing cash flows (carried forward)	(624,398)	(624,398)

1.13	Total operating and investing cash flows (brought  forward)	(624,398)	(624,398)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, 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	Other - Share Issue Costs	(30,356)	(30,356)
	Net financing cash flows	(30,356)	(30,356)
	Net increase (decrease) in cash held	(654,754)	(654,754)
1.20	Cash at beginning of quarter/year to date	802,649	802,649
1.21	Exchange rate adjustments to item 1.20	11,438	11,438
1.22	Cash at end of quarter	159,333	159,333

 

Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities

		Current quarter $A
1.23	Aggregate amount of payments to the parties included in item 1.2	87,830
1.24	Aggregate amount of loans to the parties included in item 1.10	Nil
1.25	Explanation necessary for an understanding of the transactions
	N/A

 

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
	N/A

 

Financing facilities available

Add notes as necessary for an understanding of the position.

		Amount available $	Amount used $
3.1	Loan facilities Principal - Convertible Notes	1,600,000	1,600,000
3.2	Credit standby arrangements	Nil	N/A

 

Estimated cash outflows for next quarter

		$A
4.1	Exploration and evaluation	350,000
4.2	Development	-
4.3	Production	-
4.4	Administration	250,000
	Total	600,000

 

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.		Current quarter $A	Previous quarter $A
5.1	Cash on hand and at bank	98,793	227,149
5.2	Deposits at call	60,540	575,500
5.3	Bank overdraft
5.4	Other (provide details)
	Total: cash at end of quarter (item 1.22)	159,333	802,649

Changes in interests in mining tenements and petroleum tenements

		Tenement reference and location	Nature of interest (note (2))	Interest at beginning of quarter	Interest at end of quarter
6.1	Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed	Nil
6.2	Interests in mining tenements and petroleum tenements acquired or increased	Nil

 

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 security (see note 3) (cents)		Amount paid up per security (see 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 securities	1,135,392,472	1,135,392,472
7.4	Changes during quarter (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
7.7	Options  (description and conversion factor)	3,000,000 153,161 7,111,111 30,000,000		Exercise price $0.0800 £0.0310 £0.0450 £0.0069	Expiry date 31 March 2022 7 December 2015 28 March 2016 22 September 2017
7.8	Issued during quarter
7.9	Exercised during quarter
7.10	Expired during quarter	26,222,222		£0.0450	24 July 2015
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 give a true and fair view of the matters disclosed.

Sign here:            .........................................................              Date: 30 October 2015.

(Director/Company secretary)

Print name:         ....Peter John Newcomb

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 and petroleum tenements acquired, exercised or lapsed during the reporting period.  If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement or petroleum 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.

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END

 

 

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