Petratherm : + 2018 Annual Report

Petratherm Limited

ABN 17 106 806 884

Annual Report - 30 June 2018

Petratherm Limited Corporate directory 30 June 2018

Directors

Derek Carter Simon O'Loughlin Donald StephensCompany secretary

Registered officePrincipal place of businessShare register

Donald Stephens

C/- HLB Mann Judd (SA) Pty Ltd 169 Fullarton Road

DULWICH SA 5065

C/- HLB Mann Judd (SA) Pty Ltd 169 Fullarton Road

DULWICH SA 5065

Computershare Investor Services Pty Ltd Level 5, 115 Grenfell Street

ADELAIDE SA 5000

Auditor

Grant Thornton Audit Pty Ltd Level 3, 170 Frome Road ADELAIDE SA 5000

Solicitors

O'Loughlins Lawyers Level 2, 99 Frome Street ADELAIDE SA 5000

Bankers

National Australia Bank 22 - 28 King William Street ADELAIDE SA 5000

Stock exchange listing

Petratherm Limited shares are listed on the Australian Securities Exchange (ASX code: PTR)

Website

www.petratherm.com.au

Petratherm Limited Contents

30 June 2018

Directors' report 3

Auditor's independence declaration 17

Statement of profit or loss and other comprehensive income 18

Statement of financial position 19

Statement of changes in equity 20

Statement of cash flows 21

Notes to the financial statements 22

Directors' declaration 38

Independent auditor's report to the members of Petratherm Limited 39

Shareholder information 42

Petratherm Limited Directors' report 30 June 2018

The Directors present their report, together with the financial statements, on the consolidated entity (referred to hereafter as the 'Group') consisting of Petratherm Limited (referred to hereafter as the 'Company' or 'parent entity') and the entities it controlled at the end of, or during, the year ended 30 June 2018.

Information on Directors

The following persons were Directors of Petratherm Limited during the whole of the financial year and up to the date of this report, unless otherwise stated:

Name: Title: Qualifications:

Experience and expertise:Other current directorships:Derek Carter

Non-Executive Chairman (appointed 17 April 2018) BSc, MSc, FAusIMM(CP)

Mr. Carter has over 40 years' experience in exploration and mining geology and management. He held senior positions in the Shell Group of Companies and Burmine Ltd before founding Minotaur Gold Ltd in 1993.

Mr. Carter is a former President of the South Australian Chamber of Mines and Energy, former board member of the Australian Gold Council, is a member of the South Australian Minerals and Energy Advisory Council and the South Australian Minerals and Energy Council, and a former Chairman of the Minerals Exploration Advisory Group. He was awarded AMEC's Prospector of the Year Award (jointly) in 2003 and is a Centenary Medallist.

Highfield Resources Ltd

Former directorships (last 3 years): Minotaur Exploration Ltd (resigned November 2016)

Intrepid Mines Ltd (resigned November 2015)Special responsibilities:

Interests in shares:

Interests in options:Member of the Audit Committee 1,311,167 ordinary shares 1,000,000 unlisted options

Petratherm Limited
Directors' report
30 June 2018
Name:	Simon O'Loughlin
Title:	Non-Executive Director
Qualifications:	BA(Acc), Law Society Certificate in Law
Experience and expertise:	Simon O'Loughlin is the founder of O'Loughlins Lawyers, an Adelaide based,
specialist commercial law firm. He has extensive experience in the corporate and
commercial law fields while practising in Sydney and Adelaide, and also holds
accounting qualifications.
Mr O'Loughlin has extensive experience and involvement with companies in the small
industrial and resources sectors. He has also been involved in the listing and back-
door listing of numerous companies on the ASX. He is a former Chairman of the
Taxation Institute of Australia (SA Division) and Save the Children Fund (SA
Division).
Other current directorships:	Bod Australia Limited
Chesser Resources Limited
Former directorships (last 3 years):	Arc Exploration Limited (from October 2016 to May 2018)
Odin Metals Limited (formerly Lawson Gold Limited) (from July 2013 to February
2018)
Gooroo Ventures Limited (from July 2016 to November 2017)
Xref Limited (from October 2014 to August 2016)
WCP Resources Limited (from March 2015 to February 2016)
Food Revolution Group Limited (from May 2014 to February 2016)
Special responsibilities:	Chair of the Audit Committee
Interests in shares:	1,740,401 ordinary shares
Interests in options:	1,625,000 unlisted options
Name:	Donald Stephens
Title:	Non-Executive Director and Company Secretary
Qualifications:	BA(Acc), FCA
Experience and expertise:	Donald Stephens is a Chartered Accountant and corporate advisor with over 25
years' experience in the accounting, mining and services industries, including 14
years as a partner of HLB Mann Judd (SA), a firm of Chartered Accountants. He is a
Chartered Accountant and corporate adviser specialising in small cap ASX listed
entities. Mr Stephens is a director of a number of ASX listed companies. Additionally,
he is the Company Secretary of Highfield Resources Limited and Duxton Water
Limited.
Other current directorships:	Gooroo Ventures Limited
Mithril Resources Limited
Former directorships (last 3 years):	Odin Metals Limited (formerly Lawson Gold Limited) (from July 2013 to February
2018)
Special responsibilities:	Member of the Audit Committee
Interests in shares:	1,332,733 ordinary shares
Interests in options:	1,625,000 unlisted options
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