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Sector
Basic Materials
Size
Micro Cap
Market Cap £9.07m
Enterprise Value £9.24m
Revenue £219k
Position in Universe 1602nd / 1807

Tectonic Gold Plc: Half-year Report

Tue 30th June, 2020 7:00am
30 June 2020

TECTONIC GOLD PLC

(“Tectonic Gold” or the “Company”)

Unaudited Interim Results to 31 December 2019

MANAGING DIRECTOR’S STATEMENT

Dear Shareholder,

I am pleased to present the unaudited financial results for (“Tectonic
Gold” and/or “the Company”) and its controlled entities (the Group) for
the half year ended 31 December 2019.

During the period, management’s focus was on progressing the South African
projects and finding a partner to commercialise the diamond mining contract.
The Company also investigated heavy mineral sands coincident with the alluvial
diamond ores and submitted an application for a mining tenement to extract and
process heavy mineral sands.  The diamond project attracted investor interest
and is now being funded into production by London listed specialist resources
investment company, Kazera Global Investments Plc. Tectonic has retained a
non-diluting 10% interest in the diamond mining subsidiary, Deep Blue Minerals
Pty Ltd, as announced on 4 June 2020.

Tectonic Gold’s Australian subsidiary, Signature Gold Pty Ltd, has submitted
an application for Queensland State Government funding assistance for a
drilling program at the company’s Mount Cassidy project. A decision on this
is expected by the end of July 2020 and if successful it is intended to
undertake drilling in the October quarter.

On 11 March 2020, the World Health Organisation (“WHO”) declared the
Coronavirus disease 2019 (COVID-19) a pandemic. The pandemic has adversely
affected the global economy, including an increase in unemployment, decrease
in consumer demand, interruptions in supply chains, and tight liquidity and
credit conditions. Consequently, governments around the world have announced
monetary and fiscal stimulus packages to minimise the adverse economic impact.
However, the COVID-19 situation is still evolving, and its full economic
impact remains uncertain.

The Company has several assets where the value may be impacted by COVID-19. At
the date these financial statements were approved by the Directors the extent
of the impact COVID-19 on the Company’s assets cannot be reasonably
estimated at this time.

The pandemic has impacted the Company’s operations with Government mandated
bans on mass gatherings and social distancing measures resulting in disruption
to the Company’s operations, this disruption is expected to negatively
impact the ability for the Company to conduct drilling and its parent
entity’s ability to raise capital, refer Going Concern Note 2. 

The Directors and management are continually monitoring and managing the
Company’s operations closely in response to COVID-19 however the extent of
the impact COVID-19 may have on the Company’s future liquidity, financial
performance and position and operations is uncertain and cannot be reasonably
estimated at the date these financial statements were issued.

RESULTS AND COMPARITIVE INFORMATION

The Group incurred a profit after tax for the reporting period of £23,569 (31
Dec 2018: £102,888 profit as restated).

During the reporting period Signature Gold received a Research and Development
(R&D) Tax Incentive Rebate of approximately £152,163 (2018: £$ 330,248) for
the financial year ended 30 June 2019.

The R&D Tax Incentive Rebate is an Australian Government program under which
eligible companies receive cash refunds of up to 45% of eligible expenditure
on research and development.

Comparative period adjustments

The 2018 balances were restated in the 2019 financial statements as the
Company’s auditor, PKF Littlejohn LLP found an error in the accounting
treatment for the reverse acquisition during the 2019 audit. The 2018 balances
were also restated to account for certain costs amounting to £45,250 that
were not accrued for at the time and the fair value of options that were
issued on 25 June 2018 which amount to £68,900. Accordingly, comparative
information for the reporting period ended 31 December 2018 in this report has
been re-stated.

For and on behalf of the Board.
Brett Boynton
Director
 

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE SIX MONTHS ENDED 31 DECEMBER 2019

The accompanying notes form part of these financial statements.

                                                           NOTE  6 MONTHS TO 31 DEC 2019 UNAUDITED  6 MONTHS TO 31 DEC 2018 UNAUDITED  Restated  12 MONTHS TO 30 JUNE 2019 AUDITED  
                                                            GBP                                                         GBP                                     GBP                 
 Revenue from continuing operations                                                          47,513                                            -                             31,862 
 Expenses from continuing operations:                                                                                                                                               
 Accounting and audit fees                                                                 (12,629)                                     (37,567)                           (88,673) 
 Administration and office costs                                                            (9,656)                                     (20,314)                           (27,077) 
 Corporate costs                                                                           (33,564)                                     (52,541)                          (115,806) 
 Amortisation and depreciation                                                                (882)                                        (588)                            (1,338) 
 Employee benefits, management fees and on costs                                           (22,824)                                     (59,995)                           (89,777) 
 Exploration and tenement costs                                                            (25,922)                                     (18,629)                           (36,388) 
 Insurance                                                                                        -                                      (7,796)                           (17,233) 
 Legal expenses                                                                                   -                                          400                                  - 
 Options fee and associated costs                                                                 -                                            -                                396 
 Impairment of exploration costs                                                                  -                                            -                          (703,936) 
 Business Development costs                                                                 (9,257)                                            -                                  - 
 Bad debt expense                                                                                 -                                            -                           (64,173) 
 Other expenses                                                                            (61,373)                                     (30,330)                           (38,945) 
 (Loss) from continuing operations before income tax                                      (128,594)                                    (227,360)                        (1,151,088) 
 Income tax benefit                                                                         152,163                                      330,248                            326,214 
 Net profit/(loss) for the reporting period                                                  23,569                                      102,888                          (824,874) 
 Other comprehensive income, net of tax                                                    (46,344)                                     (23,837)                           (34,430) 
 Total comprehensive (loss)/income for the year                                              22,775                                       79,051                          (859,304) 
                                                                                                                                                                                    
 Earnings per share attributable to owners of the company                                                                                                                           
                                                                                                                                                                                    
 Basic and diluted (pence per share)                                                                                                                                                
 From continuing operations                                  5                                0.003                                        0.015                            (0.120) 
                                                                                                                                                                                    

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2019

                                                   31 DEC 2019         31 DEC 2018           30-JUN-19    
                                                     GROUP      GROUP UNAUDITED  Restated  GROUP AUDITED  
                                                    UNAUDITED                                             
                                         NOTE          GBP                 GBP                  GBP       
 ASSETS                                                                                                   
 NON-CURRENT ASSETS                                                                                       
 Plant and equipment                                      5,504                      7,398          6,603 
 Exploration and evaluation expenditure               2,604,751                  3,285,833      2,663,707 
 TOTAL NON-CURRENT ASSETS                             2,610,255                  3,293,231      2,670,310 
                                                                                                          
 CURRENT ASSETS                                                                                           
 Cash and cash equivalents                              130,224                    177,009         34,875 
 Trade and other receivables                                105                     14,142          7,913 
 Investments                                                  -                     40,122         40,122 
 Other assets                                  6        339,485                    358,498        360,412 
 TOTAL CURRENT ASSETS                                   469,814                    589,771        443,322 
 TOTAL ASSETS                                         3,080,069                  3,883,002      3,113,632 
                                                                                                          
 EQUITY                                                                                                   
 Share capital                                        6,100,615                  6,099,615      6,100,615 
 Warrant reserves                                    60,146,216                 60,117,216     60,146,216 
 RTO Reserve                                       (57,976,182)               (57,976,182)   (57,976,182) 
 Warrant Reserves                                        95,098                     95,098         95,098 
 Foreign exchange translation reserves                (139,025)                   (82,088)       (92,681) 
 Accumulated losses                                 (5,739,788)                (4,835,595)    (5,763,357) 
 TOTAL EQUITY                                         2,486,934                  3,418,064      2,509,709 

   

                                           31 DEC 2019         31 DEC 2018        30-JUN-19    
                                         GROUP UNAUDITED         GROUP          GROUP AUDITED  
                                                           UNAUDITED  Restated                 
                                NOTE           GBP                 GBP               GBP       
 LIABILITIES                                                                                   
 NON-CURRENT LIABILITIES                                                                       
 Trade and other payables                          15,358                     -         15,913 
 Borrowings                                       228,664               166,741        236,793 
 Employee benefits                                      -                10,713         11,363 
 TOTAL NON-CURRENT LIABILITIES                    244,022               177,454        264,069 
                                                                                               
 CURRENT LIABILITIES                                                                           
 Trade and other payables                         249,113               272,218        275,680 
 Borrowings                                       100,000                     -         50,000 
 Employee benefits                                      -                15,266         14,174 
 TOTAL CURRENT LIABILITIES                        349,113               287,484        339,853 
 TOTAL LIABILITIES                                593,135               464,938        603,923 
 TOTAL EQUITY AND LIABILITIES                   3,080,069             3,883,002      3,113,632 

The accompanying notes form part of these financial statements.

These financial statements were approved by the Board of Directors on 30 June
2020.

Signed on behalf of the Board by:
Brett Boynton
Managing
Director                                              
Company number: 05173250

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE SIX MONTHS ENDED 31 DECEMBER 2018

 GROUP - UNAUDITED  31 DEC 2019                          ISSUED  CAPITAL  SHARE  PREMIUM  WARRANT  RESERVE  RTO  RESERVE  FOREIGN  CURRENCY  RESERVE  ACCUMULATED LOSSES    TOTAL    
                                                                      GBP             GBP               GBP           GBP                         GBP                 GBP        GBP 
 Balance at 1 July 2019                                         6,100,615      60,146,216            95,098  (57,976,182)                    (92,681)         (5,763,357)  2,509,709 
 Total comprehensive loss for the period                                                                                                     (46,344)              23,569   (22,775) 
 Transactions with owners, recorded directly in equity:                                                                                                                              
 Shares Issued                                                          -               -                 -             -                           -                   -          - 
 Balance as at 31 December 2019                                 6,100,615      60,146,216            95,098  (57,976,182)                   (139,025)         (5,739,788)  2,486,934 
 GROUP - UNAUDITED  31 DEC 2018                          ISSUED  CAPITAL  SHARE  PREMIUM  WARRANT  RESERVE  RTO  RESERVE  FOREIGN  CURRENCY  RESERVE  ACCUMULATED LOSSES    TOTAL    
                                                               GBP              GBP              GBP             GBP                  GBP                     GBP            GBP     
 Balance at 1 July 2018                                         8,266,848               -                 -             -                    (58,251)         (4,824,334)  3,384,263 
 Prior year adjustment                                        (2,167,233)      60,117,216            95,098  (57,976,182)                           -           (114,149)   (45,250) 
 Balance at 1 July 2018 (restated)                              6,099,615      60,117,216            95,098  (57,976,182)                    (58,251)         (4,938,483)  3,339,013 
 Total comprehensive loss for the period                                                                                                     (23,837)             102,888     79,051 
 Transactions with owners, recorded directly in equity:                                                                                                                              
 Shares Issued                                                          -               -                 -             -                           -                   -          - 
 Balance as at 31 December 2018                                 6,100,615      60,146,216            95,098  (57,976,182)                    (82,088)         (4,835,595)  3,418,064 

   

 GROUP - AUDITED  30 JUNE 2019                           ISSUED  CAPITAL  SHARE  PREMIUM  WARRANT  RESERVE  RTO  RESERVE  FOREIGN  CURRENCY  RESERVE  ACCUMULATED LOSSES    TOTAL    
                                                               GBP              GBP              GBP             GBP                  GBP                     GBP            GBP     
 Balance at 1 July 2018                                         8,266,848               -                 -             -                    (58,251)         (4,824,334)  3,384,263 
 Prior year adjustment                                        (2,167,233)      60,117,216            95,098  (57,976,182)                           -           (114,149)   (45,250) 
 Balance at 1 July 2018 (restated)                              6,099,615      60,117,216            95,098  (57,976,182)                    (58,251)         (4,938,483)  3,339,013 
 Total comprehensive loss for the period                                                                                                     (34,430)           (824,874)  (859,304) 
 Transactions with owners, recorded directly in equity:                                                                                                                              
 Shares Issued – 1 June 2019                                        1,000          29,000                 -             -                           -                   -     30,000 
 Balance as at 30 June 2019                                     6,100,615      60,146,216            95,098  (57,976,182)                    (92,681)         (5,763,357)  2,509,709 

The accompanying notes form part of these financial statements

CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE SIX MONTHS ENDED 31 DECEMBER 2019

                                                                                  6 MONTHS TO 31 DEC 2019 UNAUDITED  6 MONTHS TO 31 DEC 2018 UNAUDITED  12 MONTHS TO 30 JUNE 2019 AUDITED  
                                                                                                 GBP                                GBP                                GBP                 
 CASH FLOWS FROM OPERATING ACTIVITIES                                                                                                                                                      
 Cash receipts in the course of operations                                                                         -                             38,301                             62.832 
 Cash payments in the course of operations                                                                 (131,029)                          (402,490)                          (586.464) 
 Research and Development Tax Incentive Claim                                                                152,163                            330,249                            326.214 
 Interest received                                                                                               761                                  -                                  - 
 Net cash used in operating activities                                                                        21,895                           (33,940)                          (197,418) 
                                                                                                                                                                                           
 CASH FLOWS USED IN INVESTING ACTIVITIES                                                                                                                                                   
 Payments for exploration and evaluation expenditure                                                        (63,341)                          (212,352)                          (279,351) 
 Payments for property, plant and equipment                                                                        -                            (5,456)                            (6,911) 
 Payment for security deposit                                                                                  (272)                                  -                              (276) 
 Proceeds from refund of security deposits                                                                     2,720                                  -                                  - 
 Proceeds from sale of investment                                                                             86,844                                  -                                  - 
 Net cash used in investing activities                                                                        25,951                          (217,808)                          (286,538) 
                                                                                                                                                                                           
 CASH FLOWS FROM FINANCING ACTIVITIES                                                                                                                                                      
 Proceeds from issue of shares                                                                                     -                            280,000                            280,000 
 Proceeds from borrowings                                                                                     50,000                                  -                             89,418 
 Repayment of borrowings                                                                                           -                                  -                                  - 
 Net cash provided by financing activities                                                                    50,000                            280,000                            369,418 
                                                                                                                                                                                           
 Net (decrease)/increase in cash held and cash equivalents                                                    97,846                             28,252                          (114,539) 
 Cash and cash equivalents at the beginning of the period                                                     34,875                            149,397                            149,397 
 Effects of exchange rate changes on cash and cash equivalents                                               (2,497)                              (640)                                 17 
 Cash and cash equivalents at the end of the period                                                          130,224                            177,009                             34,875 

The accompanying notes form part of these financial statements.

NOTES TO THE FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED 31 DECEMBER 2019

1.     GENERAL INFORMATION

Tectonic Gold Plc is a company incorporated in the United Kingdom under the
Companies Act 2006. The consolidated entity (the “Group”) consists of
Tectonic Gold Plc (the “Company”) and the entities it controlled at the
end of, or during, the six months ended 31 December 2019. The principal
activity of the Group during the financial period was mineral exploration.

2.     BASIS OF PREPARATION

These condensed interim consolidated financial statements (“the interim
financial statements”) of the Group are for the six months ended 31 December
2019 and are presented in Sterling which is the Company’s presentational
currency. These interim financial statements have not been reviewed or
audited.

The interim financial statements have been prepared in accordance with the
recognition and measurement principles of IFRS as adopted by the European
Union (EU) and on the same basis and using the same accounting policies as
applied in the Company’s 2019 Annual Report and statutory accounts for the
year ended 30 June 2019.

The statutory accounts for the year ended 30 June 2019 have been filed with
the Registrar of Companies. The auditor's report on those financial statements
was unqualified and did not contain a statement under section 498 (2) or (3)
of the Companies Act 2006.

The interim financial statements have been prepared on a going concern basis
under the historical cost convention. The Directors believe that the going
concern basis is appropriate for the preparation of these interim financial
statements as the Company is in a position to meet all its liabilities as they
fall due.

The interim financial statements for the six months ended 31 December 2019
were approved by the Board on 30 June 2019.

3.     DIVIDEND

The Board is not recommending the payment of an interim dividend for the
period ended 31 December 2019.

4.     PRIOR YEAR ADJUSTMENT

The  consolidated statement of profit and loss and other comprehensive income
as at 31 December 2018 has been restated to account for certain costs
amounting to £45,250 that were not accrued for on completion of the reverse
takeover by Signature Gold Pty Ltd on 25 June 2018  and the fair value of
options that were issued on 25 June 2018 which amount to £68,900. Details are
set out below.

 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (extract)        Signed  31 Dec 2018  accounts       2018       Restated for   
                                                                                                                          Loss Decrease   31 Dec 2018   
                                                                                    Note               GBP                     GBP            GBP       
 Expenses from continuing operations:                                                                                                                   
 Administration and office costs                                                     (i)                        (34,064)          13,750       (20,314) 
 Corporate costs                                                                     (i)                        (84,041)          31,500       (52,541) 
 Fair value of warrants issued and vested                                           (ii)                         (68,900          68,900              - 
                                                                                                               (118,105)         114,150       (72,855) 

(i)    The prior year adjustments are comprised of printing costs amounting
to £13,750 and consulting fees of £31,500 that were incurred in connection
with the reverse takeover by Signature Gold Pty Ltd.

(ii)    The prior year adjustment of £68,900 represents the fair value of
options that were issued on 25 June 2018 and not recorded as at 30 June 2018.

Basic and diluted earnings per share for the prior year have also been
restated. Refer to Note 5.

4.     PRIOR YEAR ADJUSTMENT (CONTINUED)

 GROUP STATEMENT OF FINANCIAL POSITION         Signed accounts at 31 Dec 2018   Adjustments  Restated  as at 31 Dec 2018  
                                         Note                GBP                    GBP                  GBP              
 ASSETS                                                                                                                   
 NON-CURRENT ASSETS                                                                                                       
 Plant and equipment                                                     7,398             -                        7,398 
 Exploration and evaluation expenditure                              3,285,833             -                    3,285,833 
 TOTAL NON-CURRENT ASSETS                                            3,293,231             -                    3,293,231 
                                                                                                                          
 CURRENT ASSETS                                                                                                           
 Cash and cash equivalents                                             177,009             -                      177,009 
 Trade and other receivables                                            14,142             -                       14,142 
 Investments                                                            40,122             -                       40,122 
 Other assets                                                        3,584,988             -                    3,584,988 
 TOTAL CURRENT ASSETS                                                3,816,261             -                    3,816,261 
 TOTAL ASSETS                                                        7,109,492             -                    7,109,492 
                                                                                                                          
 EQUITY                                                                                                                   
 Share capital                            (i)                        8,266,848   (2,167,233)                    6,099,615 
 Share premium                            (i)                                -    60,117,216                   60,117,216 
 RTO reserve                              (i)                                -  (57,976,182)                 (57,976,182) 
 Warrant reserve                         (ii)                           68,900        26,198                       95,098 
 Foreign exchange translation reserves                                (82,088)             -                     (82,088) 
 Accumulated losses                                                (4,835,596)             -                  (4,835,596) 
 TOTAL EQUITY                                                        3,418,064             -                    3,418,064 
                                                                                                                          
 LIABILITIES                                                                                                              
 NON-CURRENT LIABILITIES                                                                                                  
 Borrowings                                                            166,741             -                      166,741 
 Employee benefits                                                      10,713             -                       10,713 
 TOTAL NON-CURRENT LIABILITIES                                         177,454             -                      177,454 
                                                                                                                          
 CURRENT LIABILITIES                                                                                                      
 Trade and other payables                                              272,218             -                      272,218 
 Employee benefits                                                      15,266             -                       15,266 
 TOTAL CURRENT LIABILITIES                                             287,484             -                      287,484 
 TOTAL LIABILITIES                                                     464,938             -                      464,938 
 TOTAL EQUITY LIABILITIES                                            3,883.002             -                    3,883,002 
                                                                                                                          

(i)    The 2018 balances have been restated in the 2019 financial
statements due to an error in the accounting treatment for the reverse
acquisition identified during the 2019 audit.

(ii)    The prior period adjustment to warrant reserves of £26,198 is the
recycling of the share-based payment expense in respect of warrants and share
options that had either lapsed or been exercised prior to completion of the
reverse takeover on 25 June 2018.

5.     EARNINGS PER SHARE

The basic earnings per share is based on the profit/(loss) for the year
divided by the weighted average number of shares in issue during the reporting
period. The weighted average number of ordinary shares for the reporting
period assumes that all shares have been included in the computation based on
the weighted average number of days since issue.

                                                                                    6 MONTHS TO 31 DEC 2019 UNAUDITED  6 MONTHS TO 31 DEC 2018 UNAUDITED  Restated  12 MONTHS TO 30 JUNE 2019 AUDITED  
                                                                                                   GBP                                     GBP                                     GBP                 
 Profit/(Loss) for the year attributable to owners of the Company                                               23,569                                      102,888                          (824,874) 
 Weighted average number of ordinary shares in issue for basic earnings*                                   656,562,746                                  687,562,746                        688,357,267 
 Weighted average number of ordinary shares in issue for fully diluted earnings*                           710,562,746                                  700,562,746                        688,357,267 
 (Loss)/gain per share (pence per share)                                                                                                                                                               
 Basic                                                                                                           0.003                                        0.015                             (0.12) 
 Diluted                                                                                                         0.003                                        0.015                             (0.12) 

6.     OTHER ASSETS

                      31 DEC 2019 UNAUDITED  31 DEC 2018 UNAUDITED  30 JUNE 2019 AUDITED  
                               GBP                    GBP                    GBP          
 Prepayments ((i))                   333,956                347,902               346,151 
 Other prepayments                     2,325                  3,014                 6,440 
 Security deposits                     3,204                  7,582                 7,821 
                                     339,485                358,498               360,412 

(i)      In June 2018, the Company paid Titeline Drilling Pty Ltd ACN 096
640 201 (Titeline) for future drilling services in accordance with the heads
of agreement dated 28 March 2018 between Titeline, Signature and StratMin.

Titeline has been engaged to complete 10,000 metres of diamond drilling on a
50:50 cash and equity basis to produce core samples for analysis, assay and
metallogenic studies from the Company’s Queensland Project sites. A review
to be completed after 2,500 metres of drilling has been completed and the
remaining 7,500 metres is in planning for the second half of 2019. The cash
component of the drilling contract is expected to be met from revenues
generated by the diamond mining joint venture with VAST Mineral Sands Pty Ltd
announced on February 18, 2019.

As at 30 June 2018, the prepayment of GBP 633,825 (A$1,125,000) to Titeline
was comprised of:

-         GBP 126,765 (A$225,000 excluding GST) paid in cash; and

-         pre-paid technical services amounting to GBP 507,060
($A90,000) settled with the issue of 5,544,484 fully paid ordinary shares
issued in the Company at an issue price of A$0.162 per share.

     As at 31 December 2019, GBP 333,956 ($A625,386) remains prepaid to
Titeline

7.     EVENTS AFTER THE REPORTING PERIOD

On 11 March 2020, the World Health Organisation (“WHO”) declared the
Coronavirus disease 2019 (COVID-19) a pandemic. The pandemic has adversely
affected the global economy, including an increase in unemployment, decrease
in consumer demand, interruptions in supply chains, and tight liquidity and
credit conditions. Consequently, governments around the world have announced
monetary and fiscal stimulus packages to minimise the adverse economic impact.
However, the COVID-19 situation is still evolving, and its full economic
impact remains uncertain.

The Company has several assets where the value may be impacted by COVID-19. At
the date that these financial statements were approved by the Directors the
extent of the impact COVID-19 on the Company’s assets cannot be reasonably
estimated at this time.

The pandemic has impacted the Company’s operations with Government mandated
bans on mass gatherings and social distancing measures resulting in disruption
to the Company’s operations, this disruption is expected to negatively
impact the ability for the Company to conduct drilling and its parent
entity’s ability to raise capital, refer Going Concern Note 2 of the Company
20919 annual report.

The Directors and management are continually monitoring and managing the
Company’s operations closely in response to COVID-19 however the extent of
the impact COVID-19 may have on the Company’s future liquidity, financial
performance and position and operations is uncertain and cannot be reasonably
estimated at the date these financial statements were issued.

Other than as stated elsewhere in this report, Directors are not aware of any
other matters or circumstances at the date of this report that have
significantly affected or may significantly affect the operations, the results
of the operations or the state of affairs of the Company in subsequent
financial years.

8.     DISTRIBUTION

Copies of these interim financial statements are available on the Aquis
Exchange website, the Company website (www.tectonicgold.com) or directly from
the Company at its registered address.

The Directors of the Company accept responsibility for the contents of this
announcement.

For further information, please contact:

 Tectonic Gold plc Brett Boynton Sam Quinn www.tectonicgold.com @tectonic_gold  +61292417665  

Ends



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