Aspire Mining : AKM - Quarterly Cashflow Report

Appendix 5B

+Rule 5.5

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

ASPIRE MINING LIMITED

ABN Quarter ended ("current quarter")

46 122 417 243 31 December 2016

Consolidated statement of cash flows Currentquarter $A'000

1. Cash flows from operating activities

2. Receipts from customers

3. Payments for

   Year to date (6 months) $A'000

4. exploration & evaluation

5. development

6. production

   (240) (1,305)

7. staff costs (204) (330)

8. administration and corporate costs (360) (537)

9. Dividends received (see note 3)

10. Interest received 1 2

11. Interest and other costs of finance paid (151)

12. Income taxes paid

13. Research and development refunds

14. Other (provide details if material)

    1.9 Net cash from / (used in) operating activities (803) (2,321)
15. Cash flows from investing activities

16. Payments to acquire:

17. property, plant and equipment

18. tenements (see item 10)

19. investments

20. other non-current assets

    Consolidated statement of cash flows Currentquarter $A'000

21. Proceeds from the disposal of:

22. property, plant and equipment

23. tenements (see item 10)

24. investments

25. other non-current assets

26. Cash flows from loans to other entities

27. Dividends received (see note 3)

28. Other (provide details if material)

    2.6 Net cash from / (used in) investing activities Year to date (6 months) $A'000
29. Cash flows from financing activities

30. Proceeds from issues of shares

31. Proceeds from issue of convertible notes

    218 218

32. Proceeds from exercise of share options 101 101

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

    (2) (2)

34. Proceeds from borrowings 1,168 2,641

35. Repayment of borrowings

36. Transaction costs related to loans and borrowings

37. Dividends paid

38. Other (provide details if material)

    3.10 Net cash from / (used in) financing activities 1,485 2,958
39. Net increase / (decrease) in cash and cash equivalents for the period

40. Cash and cash equivalents at beginning of period

41. Net cash from / (used in) operating activities (item 1.9 above)

42. Net cash from / (used in) investing activities (item 2.6 above)

43. Net cash from / (used in) financing activities (item 3.10 above)

44. Effect of movement in exchange rates on cash held

    4.6 Cash and cash equivalents at end of period

    374 419

    (803) (2,321)

    1,485 2,958

    25 25

    1,081 1,081
45. 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

46. Bank balances 1,036 319

47. Call deposits 55 55

48. Bank overdrafts

49. Other (provide details)

    5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 1,081 374
50. Payments to directors of the entity and their associates Currentquarter $A'000

51. Aggregate amount of payments to these parties included in item 1.2 54

52. Aggregate amount of cash flow from loans to these parties included in item 2.3

53. Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2

    Fees

54. Payments to related entities of the entity and their associates

55. Aggregate amount of payments to these parties included in item 1.2

56. Aggregate amount of cash flow from loans to these parties included in item 2.3

    Current quarter $A'000

57. Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2

58. 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

59. Loan facilities 9,589 9,589

60. Credit standby arrangements

61. Other (please specify)

62. 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.

9.	Estimated cash outflows for next quarter	$A'000
9.1	Exploration and evaluation	(65)
9.2	Development
9.3	Production
9.4	Staff costs	(165)
9.5	Administration and corporate costs	(170)
9.6	Other (provide details if material) Loan Interest	(127)
9.7	Total estimated cash outflows	(527)

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
10.2	Interests in mining tenements and petroleum tenements acquired or increased