Announcement PDF ASX : TEM 2022-07-28 | Quarterly Report June 2022 TEM | Quarterly Report - Period Ending 30 June 2022 Key Points ● Meleya Project: ○ ○ Orion target: ■ ■ EIS Funding for first drill holes into entirely new province Data continues to be collected on the 2 drill holes ■ ■ All samples now submitted to laboratory for analysis First batches received confirmed presence of copper and other base metals ■ DHEM Survey conducted Works in preparation: ● ■ Multiple geophysics programs ■ Multiple drilling programs across the mineralised belt Euro Project ● ○ JV (non-binding) signed with Karara Mining to explore adjacent tenements ○ Gold and polymetallic mineralisation confirmed at Calais target ○ Further drilling and other works in progress Rocky Hill Project ○ ○ Multiple geochem anomalies detected Application for Increase of tenure Projects Yalgoo Region Tempest has 4 exciting project areas in the Yalgoo region of Western Australia totalling more than 900km2. The projects are located within the prolific Yalgoo Greenstone Belt which hosts a number of world class mines. Tempest has used data driven processes to identify poorly or unexplored areas of highly prospective geology which includes multiple instances of proven mineralisation. Figure 01: Overview of the TEM Yalgoo 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 | 18 ASX : Tempest 2022-07-28 | Quarterly Report June 2022 Meleya The Meleya project is a previously unrecognised part of the Warriedar Fold Belt with outcropping supracrustal mafic and felsic ‘greenstone’ units wrapped around felsic to intermediate intrusions known as the Walganna Suite. This setting is considered highly favourable for the formation of high grade Volcanogenic Massive Sulphide (VMS) and IRG deposits and Lode Hosted / Orogenic vein style gold. Tempest has previously demonstrated the extensive prospectivity of this project 01 and extended its holding with additional tenure applications to the north and east. Figure 02: Evolution of the Meleya Project (Legacy map, outcrop, 2021 interpreted geology and targets) Tempest was successful in its application in round 24 of the Western Australian Government’s highly competitive Exploration Incentive Scheme. The Exploration Incentive Scheme (EIS) is a Western Australia Government initiative which has been providing a funding mechanism for research based geoscience (including drilling) with aims to stimulate increased private sector resource exploration and new discoveries”. This will allow up to $150,000 towards co-funded drilling at the Meleya Project 02 . Tempest announced in March 2022 the granting of several tenements totalling approximately 204km2 which essentially doubled the size of the Meleya Project 03 . This new tenure includes known outcrops of up to 59.6% Iron and anomalous gold in soils, neither of which have been followed up with exploration. Page 2 | 18 ASX : Tempest 2022-07-28 | Quarterly Report June 2022 Figure 03: Overview of the Meleya Project Orion Target In February, Tempest commenced a 04, 05 drilling program at the Meleya Project, consisting of 2 x deep diamond drill holes for a total of 1,730.5m. The purpose of the program was to drill a coherent cross section of the newly identified extension of the Yalgoo Greenstone belt to develop a strong understanding of the stratigraphy to assist with future exploration in the new mineral province. The two drill holes were also designed to test a correlative geochemical and magnetic anomaly known as the Orion Target. Drill holes WARDH72 and WARDH73 were drilled to a final depth of 709.1 metres and 1021.4 metres respectively and both intersected multiple zones 06, 07 of mineralisation including copper and other metal bearing sulphides. Assay results reported in July 2022 confirmed the presence of copper and other base metals. TEM are excited by these results as it proves the fertility of the region and the justification of extensive further exploration across the entirely new unexplored mineral field. A Downhole ElectroMagnetic (DHEM) geophysical survey on WARDH72 and WARDH73 was completed in July 2022 08 and the results of this survey are expected to highlight any nearby offhole conductors to the drill holes, confirm the presence of the logged mineralisation and provide a ‘signature’ that can be used for future exploration and drilling. Page 3 | 18 ASX : Tempest 2022-07-28 | Quarterly Report June 2022 Figure 04: Plan View of holes WARDH72 and WARDH73 at the Orion target shown on Geophysical Aeromagnetic Survey (TMI-sun45) Figure 05: Cross-section along WARDH072 and WARDH073 highlighting geology (hole trace) against sulphide mineralisation intensity (cylinders) Page 4 | 18 ASX : Tempest 2022-07-28 | Quarterly Report June 2022 Euro Background The Euro Project comprises four (4) 100% Tempest owned tenements (more than 176km2) within the prospective Southern Yalgoo Greenstone Belt located between the neighbouring Rothsay (Gold), Mt Mulgine (Tungsten/Gold) and the Karara (Iron/Gold) Mines. The project has thick gold intercepts in legacy drilling, however due to depressed metal prices at the time were never thoroughly assessed by previous owners. While most of the greater Euro Project remains unexplored or unexplored, significant gold mineralisation has been recorded previously in the north of the project but not thoroughly tested for continuity. Tempest had a strong flow of exploration activity at the Euro Project in 2021 including multiple fieldwork campaigns 09-11 , discovery of iron rich geology and the recognition of lithium potential at the project 12 through the Company’s data analysis. Tempest continues to evaluate methods to explore this phenomenon further. Figure 06 Pegmatite outcrops at the Euro Project after Price et al 2020 Page 5 | 18 ASX : Tempest 2022-07-28 | Quarterly Report June 2022 Drilling TEM completed an initial reconnaissance diamond drilling program in early 2022 13-15 which tested several new targets, in addition to testing the historic thick, high grade intercepts previously drilled at the Calais target. Drilling at the project encountered broad zones of strong alteration (chlorite, biotite, albite and garnet with visible mineralisation of quartz breccias) consistent with historic gold results in addition to zones which included sulphides 16 as part of skarn or vms like alteration. In February 2022 Tempest announced that further mineralisation including further sulphides had been encountered in drilling and that this was indicative of a larger mineralised corridor 17 . In May 2022, TEM announced the results from this initial drilling with an extensive array of results spanning multiple commodities 18 including: Gold WARDH71: 0.6m @ 0.9gpt gold from 15.4m; and 1.0m @ 1.0gpt gold from 58m; and 2.9m @ 4.1gpt gold from 130m Including 1.6m @ 6.9gpt gold from 131.3m 0.9m @ 3.2gpt gold from 144m WARDH67: 1.2m @ 0.5gpt gold from 8m; and 0.8m @ 1.7gpt gold from 9.2m WARDH66: 0.9m @ 0.7gpt gold from 19.1m 1.0m @ 0.8gpt gold from 54m WARDH65: 1.4m @ 0.9gpt gold from 10.8m Figure 07: WARDH71 Cross-section showing newly discovered high-grade gold shoot with 1.6m intersection at 6.9g/t Au Page 6 | 18 ASX : Tempest 2022-07-28 | Quarterly Report June 2022 Base Metals WARDH71: 3.6m @ 0.16% arsenic from 12.4m; and 0.6m @ 0.12% copper from 15.4m 1.0m @ 0.14% copper from 153m 2.5m @ 0.15% copper from 163m: WARDH70A: 0.5m @ 630ppm tungsten from 24.3m WARDH69: 0.6m @ 640ppm tungsten from 77.4m WARDH68: 0.1m @ 0.4% copper from 164.1m WARDH67: 0.9m @ 0.11% copper from 10.8m WARDH66: 1m @ 0.35% arsenic from 60m; and 3.3m @ 0.14% zinc from 68.7m Figure 08: Cross-section through WARDH68-WARDH70A highlighting polymetallic mineralisation Magnetite/Iron WARDH71: 4.0m @ 29.3% Iron from 4.9m Including 0.9m @ 38.6% Iron from 4.9m; and 9.15m @ 30.5% Iron from 52.85; and 9.30m @ 28.4% Iron from 125.7m 13.0m @ 27.8% Iron from 152.5m WARDH67: 1.2m @ 38.7% Iron from 4m 0.4m @ 42.5% Iron from 23.2m WARDH66: 0.9m @ 37.8% Iron from 3.5m; and 1.0m @ 30.3% Iron from 54m WARDH65: 2.0m @ 26.1% Iron from 37m; and 4.8m @ 25.5% Iron from 45.2m Page 7 | 18 ASX : Tempest 2022-07-28 | Quarterly Report June 2022 Figure 09: WARDH65 Cross-section showing multiple intercepts of gold and iron mineralisation Figure 10: Drillholes completed at the Euro Project - Jan 2022 with magnetic (TMI) imagery Page 8 | 18 ASX : Tempest 2022-07-28 | Quarterly Report June 2022 Karara JV In June 2022, TEM announced it had signed a Non-binding memorandum of understanding to enter into a joint venture (JV) with Karara Mining Limited 19 . Upon completion of the agreement, the JV will allow TEM to explore 138km2 of highly prospective and underexplored Yalgoo Greenstone Belt directly adjacent to the Euro Project. TEM will have the exclusive right to earn up to a 70% legal and beneficial interest in the Assets over a 4 year earn-in period. The JV is a staged agreement - subject to normal due diligence and other conditions being met - will entail exploration expenditure of up to $1.2M and milestone payments totalling $50,000. Figure 11: Map showing proposed KML JV ground and TEM Euro Project Page 9 | 18 ASX : Tempest 2022-07-28 | Quarterly Report June 2022 Messenger The Messenger Project comprises five granted tenements located adjacent to the world class EMR Golden Grove base and precious metal mine. The Messenger Project has outcrops of the key Golden Grove Unit and is prospective for VMS and shear / lode hosted gold mineralisation. The ‘Messengers Patch’ is a well known historic mining centre hosting numerous high-grade mines (up to 10 ounces gold per ton ) and a state battery (government built gold processing facility) in the early 1900s 20-21 . During the June quarter, Tempest reviewed existing data for the northern part of the project and commenced planning for field work to begin in the September quarter. Warriedar West The Warriedar West Project is an exploration project targeting Intrusive Related Gold (IRG) and orogenic gold mineralisation. Tempest has previously announced large multi-kilometre scale indicator geochemical anomalies 22 within the Warriedar Project. The discovery of gold at Warriedar West is within kilometres of underutilised gold processing facilities with established haulage routes in place. Previous drilling by Tempest focussed on several target areas of shallow, outcropping zones of highly altered silica rich intrusive and previously mapped large outcropping gold bearing quartz veins which confirmed the widespread presence of shallow gold within the silica rich lithocap accompanied by zones of quartz vein swarms with grades of up to 5g/t 23-24 . In addition drilling in 2020 revealed major new extensions to the Yalgoo greenstone belt under shallow cover throughout the Wee Lode area 25-26 . Much of the Warriedar West Project is now being considered within the full context of the new greenstone belt at Meleya and may hold similar prospectivity for gold and base metals undercover. This is currently being translated into fieldwork and potential drilling plans over the next 12 months. Page 10 | 18 ASX : Tempest 2022-07-28 | Quarterly Report June 2022 Mount Magnet Region Mt Magnet is a prolific multi-million ounce gold mining centre with numerous large scale, long life open pit and underground mines currently in operation. It has been operated by major resources companies such as Western Mining Corporation and Harmony Gold Ltd as well as more contemporary successful mid-tier companies such as Ramelius Resources Ltd and Westgold Ltd. Figure 12: Overview of Mt Magnet and the Range Project Range Located in the heart of the Mount Magnet mineral field and 5km along strike of the prolific +6Moz Mount Magnet Operations, the Range Project consists of 17 tenements for 20km2. Work completed during the quarter included interpretation of data with respect to similarities to other nearby gold occurrences to the East of the project. Additionally, a review of the potential for critical minerals on the project, based on work performed by other companies in the area is underway. Multiple drill targets have been identified within the project and are currently being ranked and scheduled into future fieldwork planning. Page 11 | 18 ASX : Tempest 2022-07-28 | Quarterly Report June 2022 YLP Rocky Hill Reconnaissance field mapping and surface sampling 27 commenced in May 2022. Results of more than 60 surface samples taken across the project yielded multiple anomalous geochemical zones with Lithium grades in soil up to 60.3 ppm and strong signals from Lithium–caesium–tantalum (‘LCT’) and pathfinder elements 28 . It is considered that these results warrant further investigation. Also in support of this view, a new application for an extension of the project which substantially expands the footprint and takes in potential new target zones is in progress. Figure 13: LCT SnWNb assay data plotted upon total magnetic intensity Australian Lithium The YLP consists of 2 pending tenements (2 pending) for a total of approximately 65 km2 in the Yilgarn craton of Western Australia 29 . Tempest has previously conducted a review of the projects and confirmed the Company view that these are highly prospective for Lithium and other commodities 30 and are progressing the applications . Page 12 | 18 ASX : Tempest 2022-07-28 | Quarterly Report June 2022 International Lithium Exposure Tempest maintains a strong de-risked position in the global lithium market which it has been developing since 2017 31 . Tempest’s interests are both in Australia through its portfolio of Western Australian exploration projects as well as Internationally through holdings or interests in projects in Africa and the USA. In addition to the Company’s Australian focussed assets, Tempest has strong de-risked interests and exposure to the international Lithium which include hard rock lithium exploration targets in Africa and lithium brine in the USA. Africa Through a divestment deal in 2020 32 , Tempest retains a sizable holding (65 million shares) in London listed Premier African Minerals (AIM:PREM). PREM are enjoying a significant premium to the deal price due to ongoing developments and potential upside in the portfolio 33 . USA Argosy (ASX:AGY) are progressing 34 their headline Tonopah Lithium Project (TLP) located in a world class mining jurisdiction of Nevada, United States of America. Tempest retains an interest 35 in the project through a A$250,000 milestone based cash payment entitlement. Page 13 | 18 ASX : Tempest 2022-07-28 | Quarterly Report June 2022 Corporate Growth Tempest continues to actively investigate and evaluate new growth opportunities in a number of jurisdictions and commodities which may bring added value to Tempest shareholders. September 2022 Quarter Exploration Exploration activities are continuing at the Company’s Projects with the following programs planned for the period: ● ● ● ● ● Geophysics both downhole and airborne at the Yalgoo Projects Further field work to progress additional drill targets at the Euro Project Further field work to progress additional drill targets at the Euro Project Preparation for further drilling at the Meleya Project Preparation for further drilling at the Euro Project ASX Additional Information 1. ASX Listing Rule 5.3.1: Exploration and Evaluation Expenditure (excluding staff costs) during the Quarter was $951,187. Full details of exploration activity during the Quarter are set out in this report. 2. ASX Listing Rule 5.3.2: $95,000 was paid to related parties during the quarter comprising the Managing Director’s salary and Non-Executive Director fees. $299,434 was paid to Galt Mining Solutions Pty Ltd, a company controlled by directors Don Smith and Owen Burchell for technical consulting services regarding the exploration programs undertaken by the Company and for provision of office space. Legal fees amounting to $68,531 was paid to Hopgood Ganim Lawyers, a legal firm where director Brian Moller is a partner in their Brisbane office. Page 14 | 18 ASX : Tempest 2022-07-28 | Quarterly Report June 2022 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 maximize shareholder value through focussed, data-driven, risk-weighted exploration and development of our assets. Contact For more information, please contact: Don Smith Managing Director Level 2, Suite 9 389 Oxford Street Mt Hawthorn, Western Australia 6016 www.tempestminerals.com LinkedIn Instagram Twitter +61 89200 0435 Facebook 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 a geologist and Managing Director of Tempest Minerals Ltd. Mr Smith is a Member of the AusIMM and the AIG 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’. Mr Smith consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Page 15 | 18 ASX : Tempest 2022-07-28 | Quarterly Report June 2022 Appendix A: References 1. LI3 ASX Announcement dated 06 August 2020 “Enhanced Prospectivity at the Meleya Zone” 2. TEM ASX Announcement dated 18 November 2021 “Meleya Exploration Update - EIS Co-funding Grant” 3. TEM ASX Announcement dated 02 March 2022 “Meleya Update - Expansion of granted tenure” 4. TEM ASX Announcement dated 21 February 2022 “Meleya Update - Drilling Imminent” 5. TEM ASX Announcement dated 24 February 2022 “Meleya Update - Drilling Commencement” 6. TEM ASX Announcement dated 28 March 2022 “Meleya Update - Significant Discovery” 7. TEM ASX Announcement dated 02 April 2022 “Meleya Update - Further mineralisation” 8. TEM ASX Announcement dated 07 July 2022 “Meleya Update - DHEM Survey Compliments Initial Assays Results At Orion” 9. TEM ASX Announcement dated 29 June 2021 “Multiple New Targets at the Euro Project” 10. TEM ASX Announcement dated 08 July 2021 “Iron rich formations at Euro” 11. TEM ASX Announcement dated 28 July 2021 “Additional Iron Targets at the Euro Project” 12. TEM ASX Announcement dated 10 March 2022 “Euro Update - Lithium Potential Identified” 13. TEM ASX Announcement dated 25 October 2021 “Euro Exploration Update - Drilling Approval” 14. TEM ASX Announcement dated 27 October 2021 “Euro Exploration Update - Drilling Contractor Appointed” 15. TEM ASX Announcement dated 09 November 2021 “Euro Exploration Update - Drilling Commenced” 16. TEM ASX Announcement dated 25 January 2022 “Sulphides intersected in drilling” 17. TEM ASX Announcement dated 16 February 2022 “Euro Update - Further Sulphides intersected within broader mineralised corridor” 18. TEM ASX Announcement dated 23 May 2022 “Euro Update - Encouraging Gold And Polymetallic Results Confirm Potential” 19. TEM ASX Announcement dated 09 June 2022 “Tempest and Karara Mining Limited sign Joint Venture MOU” 20. Geraldton Guardian (1908) Messenger’s Patch Gold Field 21. Department of Mines Western Australia (1909) Annual Report 22. TEM ASX Announcement dated 26 May 2021 “Broad Gold Mineralisation Intercepted at Messenger” 23. TEM ASX Announcement dated 29 March 2021 “Exploration Update – Messenger Drilling” 24. TEM ASX Announcement dated 22 April 2020 “Warriedar Exploration Update – Large gold anomaly identified” 25. TEM ASX Announcement dated 21 December 2020 “Gold at OK Corral & 2020 Drilling Completion” 26. TEM ASX Announcement dated 23 December 2020 “Greenstone belt and sulphide intersected in drilling at Warriedar” 27. TEM ASX Announcement dated 08 February 2022 “Rocky Hill Update - Fieldwork Commenced” 28. TEM ASX Announcement dated 13 May 2022 “Rocky Hill Update - Multiple geochemical anomalies in initial fieldwork” 29. Li3 Initial Public Offering Documentation and Company Presentation dated April 2017 30. TEM Investor Presentation dated 3 September 2021 31. TEM ASX Announcement dated 03 November 2021 “Tempest Maintains Exposure To Global Lithium Market” 32. Li3 Announcement dated 11 June 2020 “Li3 Enters Sale Agreement for Disposal of African Projects” 33. Premier Africa Minerals website https://www.premierafricanminerals.com/ (Accessed 29 January 2022) 34. Argosy Website https://www.argosyminerals.com.au/ (Accessed 29 January 2022) 35. Li3 Announcement dated 11 September 2020 “Argosy completes purchase of Tonopah Lithium Project” Page 16 | 18 ASX : Tempest 2022-07-28 | Quarterly Report June 2022 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 5902350 Granted 100 - E 5902381 Granted 100 - M 5900495 Granted 50 JV with Michele Conti P 5902276 Granted 100 - E 5902507 Granted 100 - E 5902689 Pending 100 Granted post quarter end on 8 July 2022 E 5902224 Granted 100 - E 5902308 Granted 100 - E 5902374 Granted 100 - E 5902375 Granted 100 - E 5902465 Granted 100 - E 5902479 Granted 100 - E 5902319 Granted 100 - E 5902410 Granted 100 - E 5902418 Granted 100 - E 5902419 Granted 100 - E 5902498 Granted 100 - Yalgoo Region Messenger Warriedar Meleya Euro Mount Magnet Region Range Page 17 | 18 ASX : Tempest 2022-07-28 | Quarterly Report June 2022 P 5801770 Granted 100 - P 5801773 Granted 100 - P 5801781 Granted 100 - P 5801783 Granted 100 - P 5801784 Granted 100 - 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 - YLP (Yilgarn Lithium Project) E 7005321 Granted 100 - E 7006134 Pending 100 Application during reporting period E 7702384 Pending 100 - E 6301815 Pending 100 - Page 18 | 18 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 30 June 2022 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 (12 months) $A’000 - - (a) exploration & evaluation - - (b) development - - (c) production - - (d) staff costs and board & senior management fees (111) (534) (e) administration and corporate costs (231) (531) 1.3 Dividends received (see note 3) - - 1.4 Interest received 8 14 1.5 Interest and other costs of finance paid - - 1.6 Income taxes paid - - 1.7 Government grants and tax incentives - - 1.8 Other - - 1.9 Net cash from / (used in) operating activities (334) (1,051) 2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities - - (b) tenements - - (c) property, plant and equipment - (16) (966) (1,964) (e) investments - - (f) - - (d) exploration & evaluation including applicable staff costs other non-current assets 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 2.2 Current quarter $A’000 Year to date (12 months) $A’000 Proceeds from the disposal of: (a) entities - - (b) tenements - - (c) property, plant and equipment - - (d) investments - 74 (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 activities (966) (1,906) 3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 8,441 10,584 - - 3.2 Proceeds from issue of convertible debt securities 3.3 Proceeds from exercise of options 227 227 3.4 Transaction costs related to issues of equity securities or convertible debt securities (611) (749) 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 8,057 10,062 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 1,133 785 4.2 Net cash from / (used in) operating activities (item 1.9 above) (334) (1,051) 4.3 Net cash from / (used in) investing activities (item 2.6 above) (966) (1,906) 4.4 Net cash from / (used in) financing activities (item 3.10 above) 8,057 10,062 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 4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period 5. Reconciliation of cash and cash equivalents Current quarter $A’000 Year to date (12 months) $A’000 - - 7,890 7,890 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 2,890 1,133 5.2 Call deposits 5,000 - 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) 7,890 1,133 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 1 170 6.2 Aggregate amount of payments to related parties and their associates included in item 2 323 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) (334) 8.2 (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) (966) 8.3 Total relevant outgoings (item 8.1 + item 8.2) (1,300) 8.4 Cash and cash equivalents at quarter end (item 4.6) 7,890 8.5 Unused finance facilities available at quarter end (item 7.5) 8.6 Total available funding (item 8.4 + item 8.5) 8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3) - $A’000 7,890 6.06 Note: if the entity has reported positive