Orion Gold NL : December Quarterly Cashflow Statement (31/01/17)

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
Orion Gold NL
ABN	Quarter ended ("current quarter")
76 098 939 274	December 2016

Consolidated statement of cash flows		Current quarter $A'000	Year to date (6 months) $A'000
1.	Cash flows from operating activities	---	---
1.1	Receipts from customers
1.2	Payments for	(1,512)	(2,132)
(a) exploration & evaluation
(b) development		---	---
(c) production		---	---
(d) staff costs		(24)	(51)
(e) administration and corporate costs		(276)	(528)
1.3	Dividends received (see note 3)	---	---
1.4	Interest received	1	1
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)	1	24
1.9	Net cash from / (used in) operating activities	(1,810)	(2,686)

1. Cash flows from investing activities

2. Payments to acquire:

3. property, plant and equipment

   --- ---

4. tenements (see item 10) --- ---

5. investments --- ---

6. other non-current assets --- ---

Consolidated statement of cash flows	Current quarter $A'000	Year to date (6 months) $A'000
2.2 Proceeds from the disposal of:	---	---
(a) property, plant and equipment
(b) tenements (see item 10)	---	---
(c) investments	177	205
(d) 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	177	205
activities

Cash flows from financing activities Proceeds from issues of shares Proceeds from issue of convertible notes Proceeds from exercise of share options Transaction costs related to issues of shares, convertible notes or options Proceeds from borrowings Repayment of borrowings Transaction costs related to loans and borrowings Dividends paid Other (provide details if material) 3.10 Net cash from / (used in) financing activities	2,849 --- --- --- --- --- --- --- ---	3,077 --- --- --- --- --- --- --- ---
	2,849	3,077

Net increase / (decrease) in cash and cash equivalents for the period Cash and cash equivalents at beginning of period Net cash from / (used in) operating activities (item 1.9 above) Net cash from / (used in) investing activities (item 2.6 above) Net cash from / (used in) financing activities (item 3.10 above) Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period	32 (1,810) 177 2,849 ---	652 (2,686) 205 3,077 ---
	1,248	1,248

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
5.1	Bank balances	1,248	32
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)	1,248	32

Current quarter $A'000

206

---

1. Payments to directors of the entity and their associates

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

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

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

   Payments to directors and associates were on normal commercial terms. These payments represent director fees and payments in terms of consultancy agreements with director-related entities.

   Current quarter $A'000

   ---

   ---

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

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

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

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

   Total facility amount at quarter end $A'000	Amount drawn at quarter end $A'000
   ---	---
   ---	---
   ---	---

9. Financing facilities available Add notes as necessary for an understanding of the position

10. Loan facilities

11. Credit standby arrangements

12. Other (please specify)

13. 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 (assuming fund raising initiatives are completed, and/or divestment of investments (see Quarterly Activities Report for further detail))	650
9.2	Development	---
9.3	Production	---
9.4	Staff costs	---
9.5	Administration and corporate costs	250
9.6	Other (provide details if material)	---
9.7	Total estimated cash outflows	900

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	QLD Exploration Licence --- WA Exploration Licence --- VIC Exploration Licence ---
10.2	Interests in mining tenements and petroleum tenements acquired or increased	QLD Exploration Licence --- WA Exploration Licence --- VIC Exploration Licence ---