Rule 5.5
Appendix 5B
For personal use only
2. 2.1 Cash flows from investing activities Payments to acquire or for:
| - - - (1.053) - - | - - - (1,942) - - |
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
Name of entity
Besra Gold Inc.
ABN
141 335 686
Quarter ended ("current quarter")
31 March 2022
Consolidated statement of cash flows | Current quarter $A'000 | Year to date (Six months) $A'000 |
| - - - - (92) (286) - - - - - - | - - - - (195) (585) - - - - - - |
(378) | (780) |
ASX Listing Rules Appendix 5B (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
Page 1
For personal use only
Consolidated statement of cash flows | Current quarter $A'000 | Year to date (Six months) $A'000 |
| - - - - - - - - | - - - - - - - - |
(1,053) | (1,942) |
| - - - (55) - - (12) - (87) (200) - | 10,043 - - (1.737) 421 (688) (72) - (572) (1,389) (400) |
(354) | 5,606 |
ASX Listing Rules Appendix 5B (17/07/20)
Page 2
+ See chapter 19 of the ASX Listing Rules for defined terms.
For personal use only
6. Payments to related parties of the entity and their associates | Current quarter $A'000 |
41 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.
As outlined in the Company's Prospectus, certain directors had accrued directors' fees for the financial years up to and including 30 June 2021 and through to 30 September 2021. Amounts totalling $206,000 were paid during the quarter in part settlement of amounts due and are included in outlays at 3.9. In addition, as outlined in section 9.7 of the Prospectus amounts due on working capital loans to certain directors were repaid during the quarter and included at 3.9. |
4. Net increase / (decrease) in cash and cash equivalents for the period | ||
| 4,664 (379) (1,053) (355) (24) | 16 (780) (1,941) 5,604 (45) |
2,854 | 2,854 |
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 $A'000 | Previous quarter $A'000 |
| 2,854 - - - | 4,664 - - - |
2,854 | 4,664 |
ASX Listing Rules Appendix 5B (17/07/20)
Page 3
+ See chapter 19 of the ASX Listing Rules for defined terms.
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.
For personal use only
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
- - - -
- - - -
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.
ASX Listing Rules Appendix 5B (17/07/20)
Page 4
+ See chapter 19 of the ASX Listing Rules for defined terms.
For personal use only
8. Estimated cash available for future operating activities | $A'000 |
8.1 8.2 Net cash from / (used in) operating activities (item 1.9) (Payments for exploration & evaluation classified as investing (379) (1,053) activities) (item 2.1(d)) 8.3 8.4 8.5 8.6 Total relevant outgoings (item 8.1 + item 8.2) (1,432) Cash and cash equivalents at quarter end (item 4.6) Unused finance facilities available at quarter end (item 7.5) Total available funding (item 8.4 + item 8.5) 2,854 - 2,854 8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3) 2 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: The Appendix 5B shows that Besra has adequate funds for the June and September 2022 quarters based on the March 2022 spend, a quarter characterised by diamond core drilling, and commission of an EIA for the Jugan Prospect. The next two quarters will be a period of geological interpretation and resource review following the assay results from the Jugan Prospect together with drilling at the Bekajang Prospect. 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: No, there are no immediate proposals to raise further funds for the Company's operations. 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, Besra does expect to be able to continue its operations and to meet its business objectives - exploration is not expected to continue at the same rate in the next two quarters while analysis work is conducted and Besra has a very experienced management team that has planned and budgeted for the initial drill program, and ancillary activities. 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. |
ASX Listing Rules Appendix 5B (17/07/20)
Page 5
+ See chapter 19 of the ASX Listing Rules for defined terms.
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Besra Gold Inc. published this content on 01 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 May 2022 22:06:02 UTC.