Quarterly Activities/Appendix 5B Cash Flow Report
Released
Released
Announcement PDF
ASX : TEM
2025-04-29 | Quarterly Report March 2025
TEM | Quarterly Report - Period Ending 31 March 2025
Key Points
● Remorse Iron Discovery
○ Initial exploration target of up to 50-110Mt at 30-32% Fe
○ Project development studies commence including initial metallurgy
○ MOU signed with WA Developer Green Steel and Iron Developer
● Preparation for additional gold exploration throughout the TEM portfolio
● Placement and Entitlement Issue to raise up to $1.869 million announced in April 2025
Projects
Figure 01: TEM Projects
Tempest Minerals Ltd │ ACN 612 008 358
Phone: +61 8 9200 0435
Address: Level 2, Suite 9, 389 Oxford Street, Mt Hawthorn, WA 6016
Page 1 | 14
ASX : TEM
2025-04-29 | Quarterly Report March 2025
Yalgoo
Tempest’s flagship project is the Company’s holding in the Yalgoo region of Western Australia. It totals more
than 1,000 km2 and is located near high-profile neighbours across multiple commodities, including Base
Metals (29 Metals Ltd—ASX:29M; Tungsten Mining NL —ASX:TGN), Gold (Spartan Resources Ltd—ASX:SPR;
Vault Minerals Ltd—ASX:VAU; Capricorn Metals Ltd—ASX:CMM), and Iron (Fenix Resources Ltd—ASX:FEX;
Karara and Sino).
Figure 02: Yalgoo Projects Overview
Tempest has used data-driven processes to identify poorly or unexplored areas of highly prospective geology.
This approach has had considerable success and includes the discovery of multiple instances of new
mineralisation including the substantial Remorse magnetite deposit in 2024.
The project contains a number of different geological domains - though much of these have considerable
overlap. Within these domains, exploration targets continue to be identified through ongoing exploration and
data analysis and are being explored systematically according to prioritisation based on geological and other
criteria.
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ASX : TEM
2025-04-29 | Quarterly Report March 2025
Remorse Deposit
The Remorse Deposit sits on the eastern side of the Yalgoo Project, near a number of historical gold, iron and
base metal occurrences. Work at the Remorse Target in 2023 and 2024 indicated a very strong base metals
signature at the Remorse Target and in Sept 2024 TEM commenced drilling which ultimately resulted in the
discovery of a large scale magnetite iron deposit 1, 2.
During the quarter TEM provided an incremental update 3 to the exploration target for Remorse, which is
shaping to be a high quality deposit with potential to be a rapid development asset.
Table 01: Exploration Target Summary.
Tonnage Range
Fe Grade Range
Tonnes - Upper (mt)
Tonnes - Lower (mt)
%Fe - Upper
%Fe - Lower
110
50
32
30
Note: The potential quantity and grade of the Exploration Target is conceptual in nature and as such there has been insufficient exploration
drilling conducted to estimate a mineral resource. At this stage, it is not guaranteed further exploration will result in the estimation of a
mineral resource. The Exploration Target has been prepared in accordance with the JORC Code (2012) and the Valmin Code (2015).
Figure 03: 3D Model (Isometric View) Of The Remorse Magnetite Deposit With Drillholes
TEM collected 9 representative samples from the 2024 drilling program, which are located across a multi
kilometre span of the identified mineralisation. The composite sampling - totalling in excess of 5 tonnes,
were submitted to the IMO laboratory in Perth for ore body characterisation and metallurgical studies 4
including grindability and Davis Tube Recovery analysis.
Page 3 | 14
ASX : TEM
2025-04-29 | Quarterly Report March 2025
Figure 04: Remorse Deposit long section with drill intercepts and metallurgical sampling locations
TEM also signed an MOU with prospective Mid-West GreenSteel developer 5 Green Steel and Iron Pty Ltd
(GISA). GISA, along with Danieli, a global steelmaking leader, as its principal technology partner, is the owner
of one of two commercially proven DRI technologies.
GISA (in addition to their planned Collie Electric Arc steel facility) have intention to build a $3 billion multi-user
hot briquette iron processing hub a short distance north of the TEM Yalgoo Project.
Figure 05: Regional infrastructure, Remorse Deposit and potential GreenSteel site
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ASX : TEM
2025-04-29 | Quarterly Report March 2025
Sanity Target
The Sanity Target sits in the eastern portion of the project area and is 2 km south of the Remorse Target.
Previous geochemical surveys and geological mapping have delineated multiple element zones of exploration
interest - with particular respect to Gold. Previous results include peaks of up to 80ppb and individual rock
chips within the same geology trends have returned results of up to 7gpt gold, 0.2% copper and >60% Iron and
are along strike from and potentially part of a broader mineralised system as the Barron Rothchild deposit.
During the quarter, TEM completed regulatory and technical work aimed at future exploration, including
possible drilling at the target.
Figure 06: Sanity Target Overview
Page 5 | 14
ASX : TEM
2025-04-29 | Quarterly Report March 2025
Mount Magnet
Mt Magnet is a prolific multi-million-ounce gold mining centre with numerous large-scale, long-life open pit
and underground mines. It has been operated by major resources companies such as Western Mining
Corporation and Harmony Gold Ltd and more contemporary successful mid-tier companies such as Ramelius
Resources Ltd and Westgold Ltd.
Range
Located in the heart of the Mount Magnet mineral field and 5km along strike from the prolific +6Moz Mount
Magnet Operations, the Range Project consists of 17 tenements for 20km2. The project is interpreted as
containing similar geology as the high profile neighbouring Ordell Minerals Ltd Barimaia project east.
Wrangler Target
Wrangler is a near-mine exploration target borne from predictive geological modelling conducted in 2023.
Field mapping confirmed the presence of blue quartz and tourmaline brecciate with rock chips up to 1gpt
Gold.
The target sits 170m along strike of the legacy Brittania Well pit and may represent an extension of the pit’s
mineralisation.
During the quarter, TEM completed reconnaissance fieldwork in anticipation of potential future drilling.
Figure 07: Range Project Overview
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ASX : TEM
2025-04-29 | Quarterly Report March 2025
Five Wheels
The Five Wheels Project is 266km2 of granted tenure in the Earaheedy region of Western Australia proximal to
the high-profile world-class Rumble Resources Ltd (ASX:RTR) discoveries. The project remains largely
under-explored (or unexplored for base metals) and shares similar geology to both the nearby Rumble
Resources Chinook deposit and the emerging Strickland Metals Ltd (ASX:STR) zinc-lead-copper discoveries.
The Project is located in the Earaheedy Basin where a major geological unconformity surrounding the edge of
the basin hosts the initial Rumble Resources discoveries. More recent exploration implies that multiple key
geological sequences are or have the potential to be mineralised and the prospectivity is more widespread
than originally considered.
No work was undertaken this quarter.
Figure 08: Five Wheels Project Overview
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ASX : TEM
2025-04-29 | Quarterly Report March 2025
Elephant Project
The Elephant Project comprises 194km2 (135km2 granted - 59km2 application) of highly prospective
exploration leases. The location on the edge of a geological block (the suture between the Yilgarn and
Albany-Fraser) is a favourable location for major discoveries as evidenced by the presence of multiple
world-class deposits in similar environments along this trend.
The project was pegged primarily due to a strong geophysical anomaly and coincident geochemical data
from nearby previous exploration. The large scale and nature of the anomaly bear similarities to other
world-class deposits in the regions such as Tropicana of which Tropicana peak soil was 31pbb with 0-15m
cover while the Elephant Target is 5-10pbb with 100-150m of cover.
No work was undertaken this quarter.
Figure 09: Elephant Project Overview
Page 8 | 14
ASX : TEM
2025-04-29 | Quarterly Report March 2025
International Investment Portfolio
PNG
TEM previously subscribed for 2,702,703 Shares at an issue price of A$0.37 for a total investment of A$1
million which assisted in the final stage of acquisition of the Tolukuma Gold mine Tolu and Mt Penck Projects
in Papua New Guinea prior to the successful IPO in 2023.
During the quarter, Tempest sold 235,000 Tolu shares for proceeds amounting to $217,814. At the end of the
March 2025 quarter, Tolu was priced at $0.915 and the market value of Tempests’ holding of 255,000 shares
was ~AUD $233,325.
Africa
Through a divestment deal in 2020, TEM retains a holding (25 million shares) in London listed Premier African
Minerals Ltd (AIM:PREM). At the end of the March 2025 quarter, PREM was priced at GBP0.035 and the
market value of Tempests’ holding was ~AUD$16,000.
USA
Argosy Minerals Ltd (ASX:AGY) are progressing their headline Tonopah Lithium Project (TLP) located in a
world class mining jurisdiction of Nevada, United States of America. TEM retains an interest in the project
through a A$250,000 milestone based cash payment entitlement.
Corporate
Capital Raising
Subsequent to the reporting period, on 28 April 2025, TEM announced 6 it has received firm commitments to
raise $400,000 (before costs) via a placement of 100 million fully paid ordinary shares at an issue price of
A$0.004 per share together with 25 million free attaching options with an exercise price of $0.01 and expiry
date of 31 May 2027.
TEM also proposes to undertake a non-renounceable entitlement issue to existing eligible TEM shareholders
on the basis of one share for every two shares held at the record date at an issue price of $0.004 per share to
raise approximately $1.469 million (gross proceeds based on the Company’s expanded issued capital)
together with one (1) attaching Option for every four (4) shares issued.
Growth
TEM continues to actively investigate and evaluate new growth opportunities in a number of jurisdictions and
commodities that may bring added value to Tempest shareholders.
June 2025 Quarter Exploration
Exploration activities in the June 2025 quarter are anticipated to be progressing of the company’s project
portfolio. Although work is planned for all projects, there is a particular emphasis on technical studies for the
newly discovered Remorse Deposit which may include: resource calculations, metallurgical analyses; and
planning for further drilling. TEM will also progress a number of gold targets for exploration.
Page 9 | 14
ASX : TEM
2025-04-29 | Quarterly Report March 2025
ASX Additional Information
1. ASX Listing Rule 5.3.1: Exploration and Evaluation Expenditure (excluding staff costs) during the
Quarter was $93,000. Full details of exploration activity during the Quarter are set out in this report.
2. ASX Listing Rule 5.3.2: There were no substantive mining production and development activities
during the Quarter.
3. ASX Listing Rule 5.3.5: $95,000 was paid to related parties during the quarter comprising the
Managing Director’s salary and Non-Executive Director fees. During the quarter, $27,806 was paid to
Galt Mining Solutions Pty Ltd, a company in which directors Mr Smith and Mr Burchell have a
beneficial interest, for technical consulting services regarding the exploration programs undertaken by
the Company and for provision of office space and storage. Legal fees amounting to $1,817 was paid
to Hopgood Ganim Lawyers, a legal firm where director Brian Moller was a partner (up to 30 June
2024) in their Brisbane office.
The Board of the Company has authorised the release of this announcement to the market.
About TEM
Tempest Minerals Ltd is an Australian based mineral exploration company with a diversified portfolio of projects in
Western Australia considered highly prospective for precious, base and energy metals. The Company has an
experienced board and management team with a history of exploration, operational and corporate success.
Tempest leverages the team’s energy, technical and commercial acumen to execute the Company’s mission - to
maximise shareholder value through focused, data-driven, risk-weighted exploration and development of our
assets.
Investor Information
investorhub.tempestminerals.com
TEM welcomes direct engagement and encourages shareholders and interested parties to visit the TEM
Investor hub which provides additional background information, videos and a forum for stakeholders to
communicate with each other and with the company.
Contact
For more information, please contact:
Don Smith
Managing Director
Level 2, Suite 9
389 Oxford Street
Mt Hawthorn,
Western Australia
6016
Website
Instagram
LinkedIn
Twitter
Youtube
Facebook
+61 892000435
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ASX : TEM
2025-04-29 | Quarterly Report March 2025
Forward-looking statements
This document may contain certain forward-looking statements. Such statements are only predictions, based on certain
assumptions and involve known and unknown risks, uncertainties and other factors, many of which are beyond the company’s
control. Actual events or results may differ materially from the events or results expected or implied in any forward-looking
statement. The inclusion of such statements should not be regarded as a representation, warranty or prediction with respect to
the accuracy of the underlying assumptions or that any forward-looking statements will be or are likely to be fulfilled. Tempest
undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this
document (subject to securities exchange disclosure requirements). The information in this document does not take into
account the objectives, financial situation or particular needs of any person or organisation. Nothing contained in this document
constitutes investment, legal, tax or other advice.
Competent Person Statement
The information in this announcement that relates to Exploration Results and general project comments is based on information
compiled by Don Smith who is the Managing director of Tempest Minerals Ltd. Don is a Member of AusIMM, AIG and GSA and
has sufficient experience relevant to the style of mineralisation under consideration and to the activities undertaken 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’. Don consents to the inclusion in the report of the matters based on his information in the form
and context in which it appears.
References to previous ASX releases
The information in this report that relates to exploration results and exploration targets as reported above were last reported by
the Company in compliance with the 2012 Edition of the JORC Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves. The Company confirms that it is not aware of any new information or data that materially affects
the information included in the market announcements referred to above and further confirms that all material assumptions and
technical parameters underpinning the exploration results and exploration target contained in those market releases continue to
apply and have not materially changed.
Page 11 | 14
ASX : TEM
2025-04-29 | Quarterly Report March 2025
Appendix A: References
1. TEM ASX Announcement dated 24 October 2024 “Yalgoo Update - High-Grade Iron Intercepted In
Early Drilling At Remorse” ➢
2. TEM ASX Announcement dated 21 November 2024 “Yalgoo Update - Further Excellent Iron Results” ➢
3. TEM ASX Announcement dated 03 December “High-Grade Magnetite Deposit Emerging at Remorse”
<Amended 16 January 2025 > ➢
4. TEM ASX Announcement dated 13 February 2025 “Remorse Metallurgical Testing Commences” ➢
5. TEM ASX Announcement dated 07 February 2025 “MOU signed with WA Developer Green Steel and
Iron” ➢
6. TEM ASX Announcement dated 28 April 2025 “Capital Raising To Progress Iron And Gold Projects” ➢
Page 12 | 14
ASX : TEM
2025-04-29 | Quarterly Report March 2025
Appendix B: Title Summary
Tempest provides the following addendum in relation to additional information required by Listing Rule 5.3.3.
Mining Title, Beneficial Interests and agreements held as at the end of the quarter:
Australia
License
Status
TEM Interest %
Notes
E 5902308
Granted
100
-
E 5902319
Granted
100
-
E 5902350
Granted
100
-
E 5902374
Granted
100
-
E 5902375
Granted
100
-
E 5902381
Granted
100
-
E 5902410
Granted
100
-
E 5902418
Granted
100
-
E 5902419
Granted
100
-
E 5902465
Granted
100
-
E 5902479
Granted
100
-
E 5902493
Granted
100
-
E 5902498
Granted
100
-
E 5902507
Granted
100
-
E 5902689
Granted
100
-
E 5902785
Granted
100
-
E 5902786
Granted
100
-
E 5902787
Pending
100
-
E 5902805
Pending
100
-
E 5902896
Pending
100
M 5900495
Granted
50
-
P 5902276
Granted
100
-
P 5902366
Pending
100
-
Yalgoo Region
Mount Magnet Region
P 5801770
Granted
100
-
P 5801773
Granted
100
-
P 5801781
Granted
100
-
P 5801783
Granted
100
-
P 5801784
Granted
100
Page 13 | 14
ASX : TEM
2025-04-29 | Quarterly Report March 2025
P 5801785
Granted
100
-
P 5801786
Granted
100
-
P 5801787
Granted
100
-
M 5800229
Granted
100
-
P 5801680
Granted
100
-
P 5801697
Granted
100
-
P 5801698
Granted
100
-
P 5801753
Granted
100
-
P 5801761
Granted
100
-
P 5801768
Granted
100
-
P 5801769
Granted
100
-
P 5801774
Granted
100
-
P 5801796
Granted
100
-
M5800372
Granted
100
-
M5800373
Granted
100
-
Five Wheels Project
E 6903884
Granted
100
-
E 6904224
Pending
100
-
E 6904225
Pending
100
-
E 2803057
Granted
80
-
E 2803145
Pending
80
-
Elephant Project
Page 14 | 14
Rule 5.5
Appendix 5B
Mining exploration entity or oil and gas exploration entity
quarterly cash flow report
Name of entity
Tempest Minerals Limited
ABN
Quarter ended (“current quarter”)
32 612 008 358
31 March 2025
Consolidated statement of cash flows
Current quarter
$A’000
1.
Cash flows from operating activities
1.1
Receipts from customers
1.2
Payments for
Year to date (9
months)
$A’000
-
-
(a) exploration & evaluation
-
-
(b) development
-
-
(c) production
-
-
(d) staff costs and board & senior
management fees
(151)
(442)
(e) administration and corporate costs
(111)
(458)
1.3
Dividends received (see note 3)
-
-
1.4
Interest received
2
17
1.5
Interest and other costs of finance paid
-
-
1.6
Income taxes paid
-
-
1.7
Government grants and tax incentives – R
& D refund
-
254
1.8
Other – due diligence costs
-
1.9
Net cash from / (used in) operating
activities
2.
Cash flows from investing activities
2.1
Payments to acquire or for:
(260)
(629)
(a) entities
-
-
(b) tenements
-
-
(c) property, plant and equipment
-
(9)
(93)
(1,586)
-
-
(d) exploration & evaluation including
applicable staff costs
(e) investments
ASX Listing Rules Appendix 5B (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
Page 1
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
Consolidated statement of cash flows
(f)
Year to date (9
months)
$A’000
-
-
(a) entities
-
-
(b) tenements
-
-
(c) property, plant and equipment
-
-
218
420
(e) other non-current assets
-
-
2.3
Cash flows from loans to other entities
-
-
2.4
Dividends received (see note 3)
-
-
2.5
Other – Rental Bond
(2)
(2)
2.6
Net cash from / (used in) investing
activities
123
(1,177)
3.
Cash flows from financing activities
3.1
Proceeds from issues of equity securities
(excluding convertible debt securities)
-
831
2.2
other non-current assets
Current quarter
$A’000
Proceeds from the disposal of:
(d) investments
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 securities
(1)
(85)
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
(1)
746
4.
Net increase / (decrease) in cash and
cash equivalents for the period
4.1
Cash and cash equivalents at beginning of
period
543
1,465
4.2
Net cash from / (used in) operating
activities (item 1.9 above)
(260)
(629)
4.3
Net cash from / (used in) investing activities
(item 2.6 above)
123
(1,177)
4.4
Net cash from / (used in) financing activities
(item 3.10 above)
(1)
746
ASX Listing Rules Appendix 5B (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
Page 2
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
Consolidated statement of cash flows
Current quarter
$A’000
Year to date (9
months)
$A’000
4.5
Effect of movement in exchange rates on
cash held
-
-
4.6
Cash and cash equivalents at end of
period
405
405
5.
Reconciliation of cash and cash
equivalents
Current quarter
$A’000
Previous quarter
$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
405
543
5.2
Call deposits
-
-
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)
405
543
6.
Payments to related parties of the entity and their
associates
6.1
Aggregate amount of payments to related parties and their
associates included in item 1
101
6.2
Aggregate amount of payments to related parties and their
associates included in item 2
23
Current quarter
$A'000
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.
ASX Listing Rules Appendix 5B (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
Page 3
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
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.
Total facility
amount at quarter
end
$A’000
Amount drawn at
quarter end
$A’000
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
8.1
Net cash from / (used in) operating activities (item 1.9)
(260)
8.2
(Payments for exploration & evaluation classified as investing
activities) (item 2.1(d))
(93)
8.3
Total relevant outgoings (item 8.1 + item 8.2)
(353)
8.4
Cash and cash equivalents at quarter end (item 4.6)
405
8.5
Unused finance facilities available at quarter end (item 7.5)
8.6
Total available funding (item 8.4 + item 8.5)
405
8.7
Estimated quarters of funding available (item 8.6 divided by
item 8.3)
1.15
-
$A’000
-
Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”.
Otherwise, a figure for the estimated quarters of funding available must be included in item 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: Yes, the Company, being an exploration company, expects to continue to have
negative operating cash flows for the time being.
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: Subsequent to the reporting period, on 28 April 2025, the Company announced it
has received firm commitments to raise $400,000 (before costs) via a placement
and its intention to undertake a non-renounceable entitlement issue to existing
eligible TEM shareholders to raise approximately $1.469 million, which upon
completion will adequately fund its operations. The Company has a track record of
raising equity capital to meet its requirements.
ASX Listing Rules Appendix 5B (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
Page 4
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
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: Yes, the Company expects to be able to continue its operations and meet its
business objectives on the basis that it will be able to raise further cash when
required as indicated in 8.8.2 above.
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:
29 April 2025
Authorised by: The Board of Directors
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.
ASX Listing Rules Appendix 5B (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
Page 5
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