only | 5B - Revised allocations for the Quarter July to Sept 2021 |
January 05, 2022 | |
use | |
The Companies Officer | |
Australian Securities Exchange Ltd | |
20 Bridge Street | |
SYDNEY NSW 2000 | |
Dear Madam or Sir | |
personal |
5B - Revised allocations for the period July to September 2021
Please find following a revised appendix 5B for the period 1 July 2021 to 30 September 2021, which shows more clearly the nature of the cash movements for the period, in compliance with listing rules 5.3.1, 5.3.2 and 5.3.5. Hawsons Iron Ltd (ASX: HIO) notes that cash balance and estimated quarters of funding available remains the same.
Yours sincerely
Hawsons Iron Ltd
ABN 63 095 117 981
ForC mpany Secretary
Greg Khan
E: greg.khan@hawsons.com.au
P: + 61 (0) 7 3220 2022
Media Contact Kerry Bailey kerry.bailey@hawsons.com.auP: +61 419 024 721
Authorised by Greg Khan, Company Secretary
For personal use only
Rule 5.5
Appendix 5B
Mining exploration entity or oil and gas exploration entity
quarterly cash flow report
Name of entity
HAWSONS IRON LIMITED
ABN | Quarter ended ("current quarter") |
63 095 117 981 | 30 September 2021 |
Consolidated statement of cash flows | Current quarter | Year to date | ||
$A'000 | (3 months) | |||
$A'000 | ||||
1. | Cash flows from operating activities | |||
1.1 | Receipts from customers | - | - | |
1.2 | Payments for | |||
(a) exploration & evaluation (if expensed) | - | - | ||
(b) | development | - | - | |
(c) | production | - | - | |
(d) | staff costs | (87) | (87) | |
(e) administration and corporate costs | (1,433) | (1,433) | ||
• $1,204k for a consultant liability as outlined | ||||
in the annual financial report 30 June 2021. | ||||
• $229k - Corporate and Administration Costs | ||||
1.3 | Dividends received (see note 3) | - | - | |
1.4 | Interest received | 1 | 1 | |
1.5 | Interest and other costs of finance paid | - | - | |
1.6 | Income taxes paid | - | - | |
1.7 | Government grants and tax incentives | - | - | |
1.8 | Joint venture transaction costs | - | - | |
1.9 | Net cash from / (used in) operating | (1,519) | (1,519) | |
activities | ||||
2. | Cash flows from investing activities | |||
2.1 | Payments to acquire: | |||
(a) | entities | - | - | |
(b) | tenements | - | - | |
(c) property, plant and equipment | (27) | (27) |
ASX Listing Rules Appendix 5B (01/12/19) | Page 1 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report
only
Consolidated statement of cash flows
- exploration & evaluation (if capitalised)
- Salaries and Wages - $231k
- Landowner - $10k
- Consultants (Geo/Pit/Survey) - $123k
- Fuel - $46k
- Other - $7k
Current quarter | Year to date |
$A'000 | (3 months) |
$A'000 | |
(417) | (417) |
For personal use
(e) | investments | - | - | |
(f) | other non-current assets | - | - | |
2.2 | Proceeds from the disposal of: | |||
(a) | entities | - | - | |
(b) | tenements | - | ||
(c) | property, plant and equipment | - | - | |
(d) | investments | - | - | |
(e) | 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 | (444) | (444) | |
activities |
3. | Cash flows from financing activities | ||
3.1 | Proceeds from issues of equity securities | 35,596 | 35,596 |
(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 | (2,028) | (2,028) |
securities or convertible debt 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 (provide details if material) | - | - |
3.10 | Net cash from / (used in) financing | 33,568 | 33,568 |
activities |
ASX Listing Rules Appendix 5B (01/12/19) | Page 2 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
For personal use only
Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report
Consolidated statement of cash flows | Current quarter | Year to date |
$A'000 | (3 months) | |
$A'000 |
4. Net increase / (decrease) in cash and cash equivalents for the period
4.1 | Cash and cash equivalents at beginning of | 2,350 | 2,350 |
period | |||
4.2 | Net cash from / (used in) operating | (1,519) | (1,519) |
activities (item 1.9 above) | |||
4.3 | Net cash from / (used in) investing activities | (444) | (444) |
(item 2.6 above) | |||
4.4 | Net cash from / (used in) financing activities | 33,568 | 33,568 |
(item 3.10 above) | |||
4.5 | Effect of movement in exchange rates on | - | - |
cash held | |||
4.6 | Cash and cash equivalents at end of | 33,955 | 33,955 |
period |
5. | Reconciliation of cash and cash | Current quarter | Previous quarter |
equivalents | $A'000 | $A'000 | |
at the end of the quarter (as shown in the | |||
consolidated statement of cash flows) to the | |||
related items in the accounts | |||
5.1 | Bank balances | 33,939 | 33,939 |
5.2 | Call deposits | 16 | 16 |
5.3 | Bank overdrafts | - | |
5.4 | Other (provide details) | - | |
5.5 | Cash and cash equivalents at end of | 33,955 | 33,955 |
quarter (should equal item 4.6 above) |
6. | Payments to related parties of the entity and their | Current quarter |
associates | $A'000 | |
6.1 | Aggregate amount of payments to related parties and their | 39 |
associates included 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: In relation to Listing Rule 5.3.5 - The following descriptions of payments to related parties are provided below;
Director wages and fees: Totalled $83,749.98 for the QTR. 65% of Bryan Granzien expense is charged and capitalised within the Joint Venture activities outlined at 2.1 (d). 35% remains at item 6.1 for Bryan Granzien and 100% for the director fees, totalling $39,062.50
- | Bryan Granzien Gross Wages | $21,875 | |
- | Bryan Granzien Superannuation | $2,187.50 | |
- | Paul Cholokas (Director Fee) | $7500 | |
- | Jon Parker (Director Fee) | $7500 | |
Total | $39,062.50 | ||
ASX Listing Rules Appendix 5B (01/12/19) | Page 3 | ||
+ See chapter 19 of the ASX Listing Rules for defined terms. |
Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report
only
7. Financing facilities
Note: the term "facility' includes all forms of financing arrangements available to the entity.
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
Total facility | Amount drawn at |
amount at quarter | quarter end |
end | $A'000 |
$A'000 | |
- | - |
- | - |
- | - |
For personal use
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) | (1,519) |
8.2 | Capitalised exploration & evaluation (Item 2.1(d)) | (417) |
8.3 | Total relevant outgoings (Item 8.1 + Item 8.2) | (1,936) |
8.4 | Cash and cash equivalents at quarter end (Item 4.6) | 33,955 |
8.5 | Unused finance facilities available at quarter end (Item 7.5) | - |
8.6 | Total available funding (Item 8.4 + Item 8.5) | 33,955 |
8.7 | Estimated quarters of funding available (Item 8.6 divided by | 17.54 |
Item 8.3) |
8.8 If Item 8.7 is less than 2 quarters, please provide answers to the following questions:
- 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?
- 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?
- Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?
Notes / Commentary
In relation to Listing Rule : 5.3.2 - There were no substantive mining production and development activities during the Quarter.
ASX Listing Rules Appendix 5B (01/12/19) | Page 4 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
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Hawsons Iron Ltd. published this content on 05 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 January 2022 08:42:20 UTC.