RESOURCE MINING : Appendix 5B - December 2015

Microsoft Word - 20151231 Appendix 5B December 2015 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, 01/05/2013

Name of entity

Resource Mining Corporation Limited

ABN Quarter ended ("current quarter")

97 008 045 083

31 December 2015

Consolidated statement of cash flows

Cash flows related to operating activities Receipts from product sales and related debtors Payments for (a) exploration & evaluation development production administration Dividends received Interest and other items of a similar nature received Interest and other costs of finance paid Income taxes paid Other (provide details if material) Net Operating Cash Flows	Current quarter $A'000	Year to date (6 months) $A'000
	(180) (176) ‐ (10)	(406) (357) ‐ (105)
	(366)	(868)
Cash flows related to investing activities Payment for purchases of:(a) prospects equity investments other fixed assets Proceeds from sale of: (a) prospects equity investments other fixed assets Loans to other entities Loans repaid by other entities Other (provide details if material) Total operating and investing cash flows (carried forward) Net investing cash flows
	‐	‐
	(366)	(868)

1.13 Total operating and investing cash flows (brought forward)	(366)	(868)
Cash flows related to financing activities	‐	‐
1.14 Proceeds from issues of shares, options, etc.
1.15 Proceeds from sale of forfeited shares	‐	‐
1.16 Proceeds from borrowings	330	750
1.17 Repayment of borrowings	‐	‐
1.18 Dividends paid	‐	‐
1.19 Other (provide details if material)	‐	‐
Net financing cash flows	330	750
Net increase (decrease) in cash held	(36)	(118)
1.20 Cash at beginning of quarter/year to date	52	131
1.21 Exchange rate adjustments to item 1.20	(2)	1
1.22 Cash at end of quarter	14	14

Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities

Current quarter $A'000

‐

‐

1. Aggregate amount of payments to the parties included in item 1.2

   
   

2. Aggregate amount of loans to the parties included in item 1.10

   
   

3. Explanation necessary for an understanding of the transactions

No payments were made to any directors or their related parties during the quarter ended 31 December 2015.

Non‐cash financing and investing activities

1. Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

   
   

2. Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

Financing facilities available

Add notes as necessary for an understanding of the position.

Amount available $A'000	Amount used $A'000
2,900	2,900
‐	‐

1. Loan facilities

   
   

2. Credit standby arrangements

Estimated cash outflows for next quarter

Exploration and evaluation Development Production Administration	$A'000
	160
	‐
	‐
	170
Total	330

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	Current quarter $A'000	Previous quarter $A'000
Cash on hand and at bank Deposits at call Bank overdraft Other (provide details)	10	47
	4	5
Total: cash at end of quarter (item 1.22)	14	52

Changes in interests in mining tenements and petroleum tenements

Tenement reference and location	Nature of interest (note (2))	Interest at beginning of quarter	Interest at end of quarter

1. Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed

2. Interests in mining tenements and petroleum tenements acquired or increased

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

Total number	Number quoted	Issue price per security (see note 3) (cents)	Amount paid up per security (see note 3) (cents)
7.1 Preference
+securities
(description)
7.2 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through returns of
capital, buy‐backs,
redemptions
7.3 +Ordinary	296,267,347	296,267,347
securities
7.4 Changes during	2,666,408,316	2,666,408,316	Share consolidation 10:1
quarter
(a) Increases
through issues
(b) Decreases
through share
consolidation
7.5 +Convertible	2	nil	$2,000,000	14 October 2016
debt securities
(description)
Converting Notes with Sinom (Hong Kong) Limited Key Terms:  Amount A$2,000,000; a conversion price of $0.20; the Converting Notes are interest free and unsecured; and a maturity date of 14 October 2016.
7.6 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through securities
matured,
converted
7.7 Options
(description and
conversion factor)
7.8 Issued during
quarter
7.9 Exercised during
quarter