asx announcement quarterly report to 30 september 2018 · asx announcement 31 october 2018 4...

ASX Announcement

31 October 2018

Quarterly Report to 30 September 2018

Eastern Mafic

▪ Ground EM and maiden drilling program of 6,777m of RC and

diamond drilling completed during the quarter

▪ Drilling intersected a new copper-nickel-cobalt mineralised

system; Significant grades include:

− 33m at 0.3% Ni, 0.2% Cu, 0.04% Co

− 12m at 0.3% Ni, 0.3% Cu, 0.03% Co

− 7m at 0.3% Ni, 0.2% Cu, 0.05% Co

− 5m at 0.4% Ni, 0.3% Cu, 0.03% Co

▪ Confirmation that the Eastern Mafic hosts a more nickel-rich part

of the magmatic sulphide system than the Mt Venn deposit

▪ Exploration will now focus on the higher-tenor nickel sulphide

along the feeder structure and neck of the intrusion

− Geological modelling underway to identify where higher-tenor

nickel sulphide may have formed basal accumulations of

massive sulphide, prospective for high grade nickel

− Multiple EM conductors along the feeder structure and

intrusion that still require testing

▪ Assays pending for the remaining drill holes

Mt Venn

▪ Infill and extensional RC and diamond drilling completed at Mt

Venn during the quarter (4,284m)

▪ Results continue to extend mineralisation which has now been

defined over 1km of strike length. Significant new results include:

− 43m at 0.4% Cu, 0.2% Ni, 0.06% Co from 141m

− 20m at 0.6% Cu, 0.1% Ni, 0.02% Co from 141m

− 14m at 0.6% Cu, 0.2% Ni, 0.05% Co from 236m

▪ First metallurgical tests on samples from Mt Venn generated high-

value copper, nickel and cobalt products

ASX Code: GBR

Capital Structure

Ordinary Shares: 80.1m

Unlisted Options: 35.6m

Unvested Performance Rights: 2m

Current Share Price: 20₵

Market Capitalisation: A$16.0m

Cash: A$2.4m

Debt: Nil

Board of Directors

Greg Hall

Non-Executive Chairman

Stefan Murphy

Managing Director

Murray Black

Non-Executive Director

Melanie Leighton

Non-Executive Director

Projects

Yamarna (Mt Venn - Eastern Mafic)

Winchester

Mt Carlon

Tarmoola

Jundee South

ASX Announcement

31 October 2018

2

Eastern Mafic Complex

RC AND DIAMOND DRILL PROGRAM

Drilling has now finished with a total of 30 RC and diamond holes drilled for 6,777m. Results have been received from the majority of drill holes, with assays pending for the final eight holes of the program.

The maiden drill program successfully identified a new magmatic sulphide system at the Eastern Mafic which shows a significant improvement in nickel grade and tenor when compared to Mt Venn (Figure 2).

Three distinct sulphide phases have been identified at the Eastern Mafic, with high-tenor nickel sulphide found along the feeder zone and neck of the intrusion at Zermatt considered the most prospective for high-grade nickel sulphide mineralisation (Figure 3).

This supports Great Boulder’s view that the Eastern Mafic is closer to the source of high-grade nickel mineralisation. Mt Venn only has a single phase of low-tenor nickel, however the deposit appears to be more copper and cobalt rich than the Eastern Mafic.

Around the edge and along structures through the Eastern Mafic complex, late-stage granite intrudes and alters the primary sulphide into barren pyrite/pyrrhotite and magnetite. These areas produce very strong EM responses, however there is little nickel, cobalt or copper of economic interest and they are considered a low priority for follow-up drilling.

Exploration Activities

Figure 1: Gravity image showing Mt Venn and Eastern Mafic complexes. Intrusion target prospective for nickel

sulphide highlighted in white and zones of barren sulphide in black

ASX Announcement

31 October 2018

3

Drilling targeted electromagnetic (EM) conductors generated from airborne and ground surveys and nickel and copper in aircore geochemistry. Initial scout RC and diamond drilling was used to test the various conductors and orientation of mineralisation, with follow-up down-hole EM (DHEM) used in conjunction with assay results to identify the most prospective conductors.

Great Boulder will focus its exploration efforts along the 6km feeder zone and neck of the intrusion, targeting basal accumulations of the higher tenor nickel sulphide where massive sulphide typically accumulate.

Figure 2: Nickel tenor analysis showing three phases of sulphide mineralisation at the Eastern Mafic and single phase at

Mt Venn. Barren sulphide is predominantly at the Eastern Mafic where late-stage granites intrude

ASX Announcement

31 October 2018

4

Drilling at Zermatt has now defined mineralisation over 400m of strike, within an upper and lower sulphide lens. Mineralisation is mostly hosted in gabbro (minor ultramafic) with nickel grade and tenor improving towards the southeast and at depth in the lower lens.

Sulphide mineralisation is quite pervasive throughout the host unit but typically in low concentrations. Where sulphide accumulates as semi-massive to massive, there is an improvement in overall nickel grade but this tends to occur in zones of lower tenor nickel, resulting in grades of 0.3-0.5% Ni.

Zones of higher nickel tenor sulphide (+2% nickel in 100% sulphide) has mostly been intersected as disseminated to matrix in texture and which does not produce a strong EM response, unlike the massive but barren pyrrhotite which produces a very strong response.

Moderate strength conductors associated with higher tenor nickel have produced the best results, eliminating spurious responses from highly conductive but barren sulphide. DHEM plate modeling provides the shape and location of the strongest part of these conductors, which can then be targeted as potential sources of more massive and higher-grade nickel.

Identifying the mafic-ultramafic unit that hosts the higher-tenor nickel sulphide is key as it has the best potential for basal accumulations of high-grade nickel sulphide mineralisation.

Figure 3: Airborne EM over magnetic image showing intrusion target (white) and untested conductors prospective nickel sulphide

mineralisation (LHS)

MLEM late time (Ch. 35) showing intrusion target (red), MLEM conductor plates and drill hole collar locations (RHS)

ASX Announcement

31 October 2018

5

The Cortina prospect, located 500m southwest from Zermatt, hosts similar mineralisation to Zermatt. A more massive but lower nickel tenor lens that produces a strong EM response was intersected in 18EMRC006, while a disseminated but higher tenor lens associated with a mafic-ultramafic contact was intersected in 18EMRC003.

An extension to the higher tenor lens was drilled in 18EMRC021, intersecting 17m of sulphide mineralisation (assays pending).

Diamond hole 18EMDD002 tested the Ben Lomond prospect at the southern extent of the 6km long feeder structure that represents a wide ductile zone splaying of the main Yamarna shear. Strong deformation has resulted in shearing of mafic, ultramafic and intermediate units with numerous granitoids intruding along the structure.

Sulphide mineralisation appears to have been emplaced along the structure and then dislocated and cut by later intrusions/shearing. An upper zone of mineralisation (91.5-99.1m) hosts grades up to 0.6% Ni and appears to represent a remobilised sulphide lens with moderate nickel grade and tenor.

A lower lens of more copper dominant and low nickel tenor mineralisation has been intruded by multiple granitoids and appears structurally controlled and remobilised. Mineralisation in the lower lens is distinct from the upper lens, suggesting different sulphide phases that have a structural overprint.

At anomaly ML13, between Zermatt and Ben Lomond, drill hole 18EMRCD013 tested an off-hole DHEM conductor with a diamond drill tail. Two sulphide lenses were intersected, an upper zone of 23m from 270m downhole and a lower zone of 15m from 321m (assays pending).

On receipt of final assays and DHEM conductor plates, Great Boulder will complete a revised geological model with the aim of identifying the lithological and structural units that host the most prospective nickel sulphide mineralisation.

Based on the strong structural control of mineralisation along the feeder zone and variations in the nickel tenor across different lithologies, Great Boulder will also assess the southern extension of the feeder zone and possible parallel structures to the east, closer to the terrane bounding Yamarna shear zone.

Hole ID From To Interval Sulphide Sulphide Texture Prospect

m m m %

18EMRC021 134 151 17 5-25% Disseminated – Matrix Cortina

Hole ID From To Interval Sulphide Sulphide Texture Prospect

m m m %

18EMRCD013 270 278 8 25-50% Semi Massive - Massive ML13 – Upper Lens

278 283 5 5-10% Disseminated ML13 – Upper Lens

283 293 10 10-50% Blebby - Massive ML13 – Upper Lens

321 336 15 10-25% Blebby – Semi Massive ML13 – Lower Lens

Table 1: Summary of mineralised intersections from 18EMRC021 (assays pending)

Table 2: Summary of mineralised intersections from 18EMRCD013 (assays pending)

ASX Announcement

31 October 2018

6

Mt Venn Complex

RC AND DIAMOND DRILLING

During the September quarter, Great Boulder completed 19 RC and diamond holes at Mt

Venn for 4,284m. Drilling focused on strike and dip extensions to the central zone, while

also testing the northern extension

Drilling continues to intersect wide zones of copper dominant mineralisation, with mineralisation now defined over 1km of strike. Mineralisation remains open along strike and down-dip where the latest drilling intersected mineralisation to a depth of 240m below surface.

The northern extension of the system was discovered during the recent drill program, with

wide zones (20-44m) of sulphide mineralisation intersected.

Significant new assay results include:

Hole ID From To Interval Cu Ni Co

m m m % % %

18MVRCD020 152 159 7 0.5 0.1 0.04

18MVRCD020 206 211 5 0.6 0.2 0.07

18MVRC021 40 50 10 0.5 0.1 0.03

18MVRC021 67 72 5 0.4 0.1 0.04

18MVRC021 78 80 2 1.2 0.0 0.01

18MVRC022 43 49 6 0.7 0.1 0.02

18MVRC023 236 250 14 0.6 0.2 0.05

-including 245 249 4 1.0 0.2 0.05

18MVRC023 256 261 5 0.6 0.2 0.06

18MVRC024 102 103 1 2.8 0.1 0.03

18MVRC024 141 184 43 0.4 0.2 0.06

-including 142 153 11 0.5 0.3 0.09

-including 169 174 5 0.8 0.2 0.05

18MVRC025 141 161 20 0.6 0.1 0.02

-including 143 145 2 1.2 0.1 0.02

-including 155 158 3 1.2 0.1 0.02

18MVRCD026 219.8 233.7 13.9 0.6 0.1 0.05

-including 227.6 230.5 2.9 1.0 0.2 0.06

18MVRCD026 249.7 258.0 8.3 0.6 0.1 0.02

18MVRCD026 267.7 277.8 10.1 0.5 0.1 0.03

-including 270.2 273.1 2.9 1.0 0.1 0.03

Table 3: Summary of significant intersections at Mt Venn

ASX Announcement

31 October 2018

7

METALLURGICAL TESTWORK

Initial metallurgical trials were completed during the September quarter and remain ongoing.

Initial results demonstrate a viable processing flowsheet to produce high quality copper,

nickel and cobalt products from Mt Venn.

The primary purpose of the initial testwork is to develop a viable flowsheet that would

maximize value recovery for multiple products containing copper, nickel and cobalt.

Figure 4: Mt Venn RC and diamond drill results over RTP 1VD magnetics and DHEM conductor plates.

ASX Announcement

31 October 2018

8

The testwork was completed on a composite diamond drill hole sample from Mt Venn

containing copper (0.4% Cu), mainly as chalcopyrite, and nickel and cobalt (0.2% Ni, 0.06%

Co) in solid solution in pyrrhotite.

High-grade copper sulphide (46% Cu) was produced in the leach circuit. The proposed

processing design will blend the high-grade copper sulphide produced in the leach circuit

with the copper concentrate produced from the conventional floatation plant, improving

overall recovery and grade of the saleable copper concentrate.

High quality chemical grade cobalt sulphate (29% Co, +99% Cobalt sulphate) was produced,

suitable for high value use in the battery market. A simple process of nickel precipitation

produces a high-quality nickel sulphide (42% Ni) product that is in demand from the battery

and stainless steel sectors.

The testwork is of an exploratory nature and completed at bench-scale only. Several optimisation steps need to be implemented before more definitive product specifications and recoveries can be determined. These steps include:

▪ Separate testwork on higher grade feed that is more representative of Mt Venn, and higher nickel tenor feed from the Eastern Mafic and Winchester deposits;

▪ Recycling of leach solution to improve grade of pregnant leach solution (PLS);

▪ Optimising impurity removal, reagent dosage and pH profile to improve selectivity at each stage of metal precipitation/crystallization, and

▪ Investigating which suite of products can provide best recoveries and payabilities to assure highest revenue generation for the project.

In addition to the leach circuit, testwork will be undertaken on the copper flotation circuit from

more representative samples across Mt Venn and the Eastern mafic deposits. This includes

the more chalcopyrite (copper) dominant domains from Mt Venn and higher nickel tenor

mineralisation from the Eastern Mafic.

Figure 5: Copper, nickel and cobalt products produced in the Mt Venn Metallurgical Testwork

ASX Announcement

31 October 2018

9

Yamarna Regional Projects

WINCHESTER

Great Boulder has secured an option to form a joint venture with Ausgold Limited (ASX:

AUC) over the Winchester project, located 40km north of Mt Venn.

Winchester is a known copper-nickel sulphide system, where previous drilling has intersected disseminated chalcopyrite (copper), pentlandite (nickel) and pyrrhotite/pyrite (iron). The high nickel tenor of this mineralisation makes it particularly attractive as a blend for Mt Venn, as does its potential to host higher grade nickel sulphide.

Significant results from previous Ausgold RC drilling at Winchester include:

▪ 31m @ 0.58% Cu, 0.35% Ni from 29m (YMRC003)

▪ 21m @ 0.63% Cu, 0.20% Ni, and 0.02% Co from 88m (YMRC009)

− including 3m @ 0.9% Cu, 0.5% Ni, 0.03% Co from 99m


▪ 28m @ 0.50% Cu, 0.21% Ni, and 0.02% Co from 99m (YMRC010)


Figure 6: Winchester drill hole locations and interpreted geology

ASX Announcement

31 October 2018

10

MT CARLON

Great Boulder has secured an option to acquire

the Mt Carlon project from Gold Road Limited

(ASX: GOR), located just 60km south of the Mt

Venn.

Mt Carlon is considered a highly attractive

target because it exhibits a strong magnetic

and gravity response over several kilometres

which may represent a large mafic intrusion,

prospective for nickel-copper-cobalt sulphide

mineralisation.

A large ultramafic unit, which has been mapped

over 7km of strike adjacent to the mafic

intrusion target, is also considered prospective

for nickel sulphide mineralisation. Historical

aircore drilling has identified elevated levels of

nickel and copper which will be assessed in

upcoming exploration programs.

Mt Carlon’s potential is also enhanced by the

fact it is located immediately west of the

Yamarna shear zone in a similar geological

setting to Mt Venn and the adjacent Eastern

Mafic copper-nickel-cobalt discovery.

Jundee South

During the September quarter Great Boulder received an extension of term for the Jundee

South tenement (E53/1101) until 27 July 2019.

No exploration activities were undertaken at Jundee South during the quarter.

Tarmoola

No field activities were undertaken at the Tarmoola project during the September quarter.

A 1,000m RC drill program commenced at Tarmoola in October covering a 2km long

anomalous gold trend. Results are expected in mid-November

Other Projects

During the September quarter Great Boulder withdrew from the Balagundi and Broadwood

joint ventures to focus on copper-nickel-cobalt exploration within the Yamarna region.

Figure 7: Mt Carlon aircore (Ni) and and interpreted geology

ASX Announcement

31 October 2018

11

At the end of the quarter Great Boulder had $2.4m in cash.

Class of Securities Issued Capital

Ordinary fully paid shares 80,110,117

• Quoted on the ASX 59,825,474

• Escrowed (18 Nov. 2018) 20,284,643

Unlisted Options (exercisable at $0.20 and expire 18 Nov. 2020) 35,629,893

Unlisted Performance Rights 2,000,000

Competent Person’s Statement

Exploration information in this Announcement is based upon work undertaken by Stefan Murphy whom is a Member of the Australasian Institute of Geoscientists (AIG). Mr Stefan Murphy has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a ‘Competent Person’ as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code). Mr Stefan Murphy is Managing Director of Great Boulder and consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.

Forward Looking Statements

This Announcement is provided on the basis that neither the Company nor its representatives make any warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the Announcement and nothing contained in the Announcement is, or may be relied upon as a promise, representation or warranty, whether as to the past or the future. The Company hereby excludes all warranties that can be excluded by law. The Announcement contains material which is predictive in nature and may be affected by inaccurate assumptions or by known and unknown risks and uncertainties, and may differ materially from results ultimately achieved.

The Announcement contains “forward-looking statements”. All statements other than those of historical facts included in the Announcement are forward-looking statements including estimates of Mineral Resources. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, copper, gold and other metals price volatility, currency fluctuations, increased production costs and variances in ore grade recovery rates from those assumed in mining plans, as well as political and operational risks and governmental regulation and judicial outcomes. The Company does not undertake any obligation to release publicly any revisions to any “forward-looking statement” to reflect events or circumstances after the date of the Announcement, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. All persons should consider seeking appropriate professional advice in reviewing the Announcement and all other information with respect to the Company and evaluating the business, financial performance and operations of the Company. Neither the provision of the Announcement nor any information contained in the Announcement or subsequently communicated to any person in connection with the Announcement is, or should be taken as, constituting the giving of investment advice to any person.

The exploration results contained in this report were previously reported by the Company in its announcements released to ASX and listed below. The Company confirms that it is not aware of any new information or data that materially affects the information included in the Company’s previous announcement.

▪ Eastern Mafic Confirms Nickel-Copper Mineralisation (27 August 2018)

▪ Great Boulder Secures Advanced Nickel-Copper Project (5 October 2018)

▪ Eastern Mafic Taking Shape at Mt Venn Copper-Nickel Project (12 October 2018)

▪ Metallurgy Tests Generate High Quality Products from Mt Venn (23 October 2018)

Corporate

https://www.asx.com.au/asxpdf/20180827/pdf/43xpp25c8txp52.pdf

https://www.asx.com.au/asxpdf/20181005/pdf/43z05m259k4thv.pdf

https://www.asx.com.au/asxpdf/20181012/pdf/43z5rktx6yptq8.pdf

https://www.asx.com.au/asxpdf/20181023/pdf/43zht51sq224nh.pdf

ASX Announcement

31 October 2018

12

Appendix 1 – Tenement Schedule

In line with obligations under ASX Listing Rule 5.3.3, Great Boulder provides the following information relating to its mining tenement

holdings as at 30 September 2018.

Project Tenement Number Status % Held % Earning GBR Status

Yamarna E38/2320 Granted 75%






Yamarna P38/4178 Granted 75%

Yamarna E38/3340 Application 100%

Mt Carlon E38/2902 Granted Option to acquire 100%

Jundee South E53/1101 Granted 100%

Tarmoola P37/8935 Granted 100%

Tarmoola E37/1241 Granted 75%

Tarmoola E37/1242 Granted 75%




















ASX Announcement

31 October 2018

13

+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, 01/05/13, 01/09/16

Name of entity

Great Boulder Resources Ltd

ABN Quarter ended (“current quarter”)

70611695955 30 September 2018

Consolidated statement of cash flows Current quarter

$A’000

Year to date

(...3..months)

$A’000

1. Cash flows from operating activities

1.1 Receipts from customers

1.2 Payments for

(1,171) (1,171) (a) exploration & evaluation

(b) development

(c) production

(d) staff costs (51) (51)

(e) administration and corporate costs (278) (278)

1.3 Dividends received (see note 3)

1.4 Interest received 23 23

1.5 Interest and other costs of finance paid

1.6 EIS Co Funding - -

1.7 Research and development refunds - -

1.8 Joint Venture receipts 126 126

1.9 Other (provide details if material) GST 109 109

1.9 Net cash from / (used in) operating

activities

(1,242) (1,242)

ASX Announcement

31 October 2018

14


$A’000

Year to date

(...3..months)

$A’000

2. Cash flows from investing activities

(125) (125)

2.1 Payments to acquire:

(a) property, plant and equipment

(b) tenements (see item 10) (Lease

payment)

(c) investments

(d) other non-current assets

2.2 Proceeds from the disposal of:

(a) property, plant and equipment

(b) tenements (see item 10)

(c) investments

(d) 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)

2.6 Net cash from / (used in) investing

activities

(125) (125)

3. Cash flows from financing activities

3.1 Proceeds from issues of shares

3.2 Proceeds from issue of convertible notes

3.3 Proceeds from exercise of share options 50 50

3.4 Transaction costs related to issues of

shares, convertible notes or options

(2) (2)

3.5 Proceeds from borrowings

3.6 Repayment of borrowings

3.7 Transaction costs related to loans and

borrowings

3.8 Dividends paid


Seed capital refunds

3.10 Net cash from / (used in) financing

activities

48 48

ASX Announcement

31 October 2018

15


$A’000

Year to date

(...3..months)

$A’000

4. Net increase / (decrease) in cash and

cash equivalents for the period

3,693 3,693

4.1 Cash and cash equivalents at beginning

of period

4.2 Net cash from / (used in) operating

activities (item 1.9 above)

(1,242) (1,242)

4.3 Net cash from / (used in) investing


(125) (125)

4.4 Net cash from / (used in) financing


48 48

4.5 Effect of movement in exchange rates on

cash held

4.6 Cash and cash equivalents at end of

period

2,374 2,374

5. Reconciliation of cash and cash

equivalents

at the end of the quarter (as shown in

the consolidated statement of cash

flows) to the related items in the

accounts

Current quarter

$A’000

Previous quarter

$A’000

5.1 Bank balances 2,349 1,168

5.2 Call deposits 25 2,525

5.3 Bank overdrafts

5.4 Other (provide details)

5.5 Cash and cash equivalents at end of

quarter (should equal item 4.6

above)

2,374 3,693

ASX Announcement

31 October 2018

16

6. Payments to directors of the entity and their associates Current quarter

$A'000

6.1 Aggregate amount of payments to these parties included in

item 1.2

554

6.2 Aggregate amount of cash flow from loans to these parties

included in item 2.3

6.3 Include below any explanation necessary to understand the transactions included in

items 6.1 and 6.2

Directors salaries, superannuation and payment for drilling services at commercial rates

7. Payments to related entities of the entity and their

associates

Current quarter

$A'000

7.1 Aggregate amount of payments to these parties included in

item 1.2

7.2 Aggregate amount of cash flow from loans to these parties

included in item 2.3

7.3 Include below any explanation necessary to understand the transactions included in

items 7.1 and 7.2

8. Financing facilities available

Add notes as necessary for an

understanding of the position

Total facility

amount at quarter

end

$A’000

Amount drawn at

quarter end

$A’000

8.1 Loan facilities

8.2 Credit standby arrangements

8.3 Other (please specify)

8.4 Include below a description of each facility above, including the lender, interest rate

and whether it is secured or unsecured. If any additional facilities have been

entered into or are proposed to be entered into after quarter end, include details of

those facilities as well.

ASX Announcement

31 October 2018

17

9. Estimated cash outflows for next quarter $A’000

9.1 Exploration and evaluation 1,200

9.2 Development

9.3 Production

9.4 Staff costs 110

9.5 Administration and corporate costs 80


9.7 Total estimated cash outflows 1,390

10. Changes in

tenements

(items 2.1(b) and

2.2(b) above)

Tenement

reference

and location

Nature of interest Interest at

beginning

of quarter

Interest

at end of

quarter

10.1 Interests in mining

tenements and

petroleum

tenements lapsed,

relinquished or

reduced

M25/194

P26/4009

P26/4010

P26/4030

P26/4037

P26/4038

P26/4039

P26/4049

Earn-In Joint Venture 0% 0%

10.2 Interests in mining

tenements and

petroleum

tenements

acquired or

increased

E38/2320

E38/2685

E38/2952

E38/2953

E38/2957

E38/2958

P38/4178

E38/3340

E38/2902

Earn-In Joint Venture

Tenement Application

Option to acquire 100%

0%

0%

0%

75%

100%

0%

ASX Announcement

31 October 2018

18

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.

Sign here: Date: 31 October 2018

(Company Secretary)

Print name: Melanie Ross

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 that wishes to

disclose additional information is encouraged to do so, in a note or notes included in or

attached to this report.

2. If this quarterly 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 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.

asx announcement quarterly report to 30 september 2018 · asx announcement 31 october 2018 4...

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