Kin Mining NL : Quarterly Cashflow Report

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Rule 5.5

Appendix 5B

Mining exploration entity and oil and gas exploration entity

quarterly report

Name of entity

Kin Mining NL

ABN	Quarter ended ("current quarter")
30 150 597 541	31 December 2019
Consolidated statement of cash flows	Current quarter	Full Year
$A'000	$A'000

1. Cash flows from operating activities

1.1

Receipts from customers

-

-

1.2 Payments for

	(a)		exploration & evaluation	(1,252)	(2,444)
	(b)	development	-	-
	(c)	production	-	-
	(d)		staff costs	(370)	(640)
	(e) administration and corporate costs	(95)	(319)
1.3	Dividends received (see note 3)	-	-
1.4	Interest received	2	6
1.5	Interest and other costs of finance paid	-	-
1.6	Income taxes paid	-	-
1.7	Research and development refunds	-	-
1.8	Other (provide details if material)
		-	Other	-	(5)
		- Receipts from gold sales	-	-
		-	Net GST (paid)/refunded	(13)	21
1.9	Net cash from / (used in) operating	(1,728)	(3,381)
	activities

2. Cash flows from investing activities

2.1 Payments to acquire:

	(a) property, plant and equipment	(15)	(43)
	(b) tenements (see item 10)	(30)	(30)
+ See chapter 19 for defined terms.
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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Consolidated statement of cash flows

(c) investments

1. other non-current assets

2.2 Proceeds from the disposal of:

1. property, plant and equipment
2. tenements (see item 10)

(c) investments

1. 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

3. Cash flows from financing activities

1. Proceeds from issues of shares
2. Proceeds from issue of convertible notes 3.3 Proceeds from exercise of share options

3.4 Transaction costs related to issues of shares, convertible notes or options

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 activities

Current quarter	Full Year
$A'000	$A'000
-	-
-	-
24	24
-	-
-	-
-	-
-	-
-	-
-	-
(21)	(49)

3,068	3,068
-	-
-	-
(98)	(98)
-	-
-	-
-	-
-	-
-	-
-	-
2,970	2,970

+ See chapter 19 for defined terms.
Appendix 5B Page 2	01/09/2016

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Consolidated statement of cash flows

4. Net increase / (decrease) in cash and cash equivalents for the period

1. Cash and cash equivalents at beginning of period
2. Net cash from / (used in) operating activities (item 1.9 above)
3. Net cash from / (used in) investing activities (item 2.6 above)
4. Net cash from / (used in) financing activities (item 3.10 above)
5. Effect of movement in exchange rates on cash held
6. Cash and cash equivalents at end of period

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	Full Year
$A'000	$A'000
1,221	(460)
1,467	3,148
(1,728)	(3,381)
(21)	(49)
2,970	2,970
-	-
2,688	2,688
Current quarter	Previous quarter
$A'000	$A'000

5.1	Bank balances	2,688	1,467
5.2	Call deposits	-	-
5.3	Bank overdrafts	-	-
5.4	Other (provide details)	-	-
5.5	Cash and cash equivalents at end of	2,688	1,467
	quarter (should equal item 4.6 above)

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	231
	item 1.2
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

• 6.1 - Directors' fees and salaries and entitlements in normal course of trading and consulting fees paid to Directors' and related parties

• See chapter 19 for defined terms.

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Mining exploration entity and oil and gas exploration entity quarterly report

7.	Payments to related entities of the entity and their	Current quarter
	associates	$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	Total facility amount	Amount drawn at
	Add notes as necessary for an understanding of	at quarter end	quarter end
	the position	$A'000	$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.

Previous loan facility from Sprott Private Resource Lending (Collector), LP of A$35M has been withdrawn by Sprott due to a closure of the Sprott financing fund.

9.	Estimated cash outflows for next quarter	$A'000
9.1	Exploration and evaluation	1,050
9.2	Development	-
9.3	Production	-
9.4	Staff costs	300
9.5	Administration and corporate costs	120
9.7	Total estimated cash outflows	1,470

+ See chapter 19 for defined terms.
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Mining exploration entity and oil and gas exploration entity quarterly report

10.	Changes in	Tenement	Nature of interest	Interest	Interest
	tenements	reference		at	at end of
	(items 2.1(b) and	and		beginning	quarter
	2.2(b) above)	location		of quarter
10.1	Interests in mining	P39/5181	Expired 17/10/2019	100%	0%
	tenements and	P39/5182	Expired 17/10/2019	100%	0%
	P39/5183	Expired 17/10/2019	100%	0%
	petroleum tenements
	P39/5185	Expired 15/12/2019	100%	0%
	lapsed, relinquished	E37/868	Surrendered 15/10/19	100%	0%
	or reduced	E37/1103	Surrendered 15/10/19	100%	0%
10.2	Interests in mining	P37/9320	Tenement Application	0%	0%
	tenements and	P37/9321	Tenement Application	0%	0%
	P37/9322	Tenement Application	0%	0%
	petroleum tenements	P37/9323	Tenement Application	0%	0%
	acquired or increased	P37/9324	Tenement Application	0%	0%
	P37/9325	Tenement Application	0%	0%
		P37/9326	Tenement Application	0%	0%
		P37/9327	Tenement Application	0%	0%
		P37/9328	Tenement Application	0%	0%

+ See chapter 19 for defined terms.
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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Compliance statement

• This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

• This statement gives a true and fair view of the matters disclosed.

Sign here:	Date: 17 January 2020
	(Company secretary)
Print name:	Stephen Jones

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.

1. 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.
2. 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.

+ See chapter 19 for defined terms.
Appendix 5B Page 6	01/09/2016