REG - Neometals Ltd - Quarterly Cashflow Report
24/04/2024 07:15
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240424:nRSX8354La&default-theme=true
RNS Number : 8354L Neometals Ltd 24 April 2024
Appendix 5B
Mining exploration entity or oil and gas exploration entity
quarterly cash flow report
Name of entity
Neometals Ltd
ABN Quarter ended ("current quarter")
89 099 116 631 March 2024
Consolidated statement of cash flows Current quarter Year to date
$A'000
(9 months)
$A'000
1. Cash flows from operating activities - -
1.1 Receipts from customers
1.2 Payments for 944 (1,106)
(a) research and development
(net of reimbursements)
(b) development - -
(c) production - -
(d) staff costs (1,264) (5,209)
(e) administration and corporate costs (1,597) (4,503)
1.3 Dividends received (see note 3) - -
1.4 Interest received 140 436
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Government grants and tax incentives 317 908
1.8 Other (inventories) (656) (656)
1.9 Net cash from / (used in) operating activities (2,116) (10,130)
2. Cash flows from investing activities - -
2.1 Payments to acquire or for:
(a) entities
(b) tenements
(c) property, plant and equipment (9) (45)
(d) exploration & evaluation (571) (3,425)
(e) investments
- listed investments - -
- investment in joint ventures (2,530) (7,663)
(f) other non-current assets (48) (75)
2.2 Proceeds from the disposal of: - -
(a) entities
(b) tenements - -
(c) property, plant and equipment - -
(d) investments - 134
(e) other non-current assets - -
2.3 Cash flows from loans to other entities - -
2.4 Dividends received (see note 3) - -
2.5 Other (security deposits) (170) (170)
2.6 Net cash from / (used in) investing activities (3,328) (11,244)
3. Cash flows from financing activities - 12,131
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 - -
3.4 Transaction costs related to issues of equity securities or convertible debt (74) (1,010)
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 (lease liability payments) (88) (264)
3.10 Net cash from / (used in) financing activities (162) 10,857
4. Net increase / (decrease) in cash and cash equivalents for the period (5,606) (10,517)
4.1 Cash and cash equivalents at beginning of period 19,561 24,639
4.2 Net cash from / (used in) operating activities (item 1.9 above) (2,116) (10,130)
4.3 Net cash from / (used in) investing activities (item 2.6 above) (3,328) (11,244)
4.4 Net cash from / (used in) financing activities (item 3.10 above) (162) 10,857
4.5 Effect of movement in exchange rates on cash held 90 (77)
4.6 Cash and cash equivalents at end of period 14,045 14,045
5. Reconciliation of cash and cash equivalents Current quarter Previous quarter
at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts
$A'000
$A'000
5.1 Bank balances 13,550 19,236
5.2 Call deposits 125 125
5.3 Bank overdrafts - -
5.4 Other (restricted deposits) 370 200
5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 14,045 19,561
6. Payments to related parties of the entity and their associates Current quarter
$A'000
6.1 Aggregate amount of payments to related parties and their associates included 262
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.
7. Financing facilities Total facility amount at quarter end Amount drawn at quarter end
Note: the term "facility' includes all forms of financing arrangements available to the entity.
$A'000
$A'000
Add notes as necessary for an understanding of the sources of finance available to the entity.
7.1 Loan facilities - -
7.2 Credit standby arrangements - -
7.3 Other (please specify) - -
7.4 Total financing facilities - -
7.5 Unused financing facilities available at quarter end -
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.
8. Estimated cash available for future operating activities $A'000
8.1 Net cash from / (used in) operating activities (item 1.9) (2,116)
8.2 (Payments for exploration & evaluation classified as investing activities) (571)
(item 2.1(d))
8.3 Total relevant outgoings (item 8.1 + item 8.2) (2,687)
8.4 Cash and cash equivalents at quarter end (item 4.6) 14,045
8.5 Unused finance facilities available at quarter end (item 7.5) -
8.6 Total available funding (item 8.4 + item 8.5) 14,045
8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3) 5.23
No
te
:
if
th
e
en
ti
ty
ha
s
re
po
rt
ed
po
si
ti
ve
re
le
va
nt
ou
tg
oi
ng
s
(i
e
a
ne
t
ca
sh
in
fl
ow
)
in
it
em
8
.3
,
an
sw
er
it
em
8
.7
as
"N
/A
".
Ot
he
rw
is
e,
a
fi
gu
re
fo
r
th
e
es
ti
ma
te
d
qu
ar
te
rs
of
fu
nd
in
g
av
ai
la
bl
e
mu
st
be
in
cl
ud
ed
in
it
em
8.
7.
8.8 If item 8.7 is less than 2 quarters, please provide answers to the following
questions:
8.8.1 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: N/A
8.8.2 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: N/A
8.8.3 Does the entity expect to be able to continue its operations and
to meet its business objectives and, if so, on what basis?
Answer: N/A
Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2
and 8.8.3 above must be answered.
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.
Date:
..24/04/2024.....................................................................
Authorised by: ...Jason
Carone................................................................
(Company Secretary)
Notes
1. This quarterly cash flow report and the accompanying
activity report provide a basis for informing the market about the entity's
activities for the past quarter, how they have been financed and the effect
this has had on its cash position. An entity that wishes to disclose
additional information over and above the minimum required under the Listing
Rules is encouraged to do so.
2. If this quarterly cash flow 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 cash
flow 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.
4. If this report has been authorised for release to the
market by your board of directors, you can insert here: "By the board". If it
has been authorised for release to the market by a committee of your board of
directors, you can insert here: "By the [name of board committee - eg Audit
and Risk Committee]". If it has been authorised for release to the market by a
disclosure committee, you can insert here: "By the Disclosure Committee".
5. If this report has been authorised for release to the
market by your board of directors and you wish to hold yourself out as
complying with recommendation 4.2 of the ASX Corporate Governance Council's
Corporate Governance Principles and Recommendations, the board should have
received a declaration from its CEO and CFO that, in their opinion, the
financial records of the entity have been properly maintained, that this
report complies with the appropriate accounting standards and gives a true and
fair view of the cash flows of the entity, and that their opinion has been
formed on the basis of a sound system of risk management and internal control
which is operating effectively.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END UPDEASLLAFSLEEARecent news on Neometals
See all newsREG - Neometals Ltd - Neometals Shares Commence Trading on OTCQX market
AnnouncementREG - Neometals Ltd - Quarterly Cashflow Report
AnnouncementREG - Neometals Ltd - Quarterly Activities Report
AnnouncementREG - Neometals Ltd - Change in Substantial Holding
AnnouncementREG - Neometals Ltd - Lithium Chemicals Update
Announcement