Announcement PDF EMU NL ABN 50 127 291 927 QUARTERLY REPORT FOR SEPTEMBER 2015 MT MARMION E30/462 The annual technical report was lodged with the Department of Minerals and Petroleum. NEW PROJECTS & INVESTMENTS In keeping with previous statements by the Company, Emu continues to investigate new mineral exploration, development and mining opportunities within Australia and at various overseas jurisdictions. During this period of project search and assessment, the company has taken positions of limited exposure with currency (USD) and shares in listed mining entities with the objective of offsetting operating expenses. 29th October 2015 For more information on the company visit www.emunl.com.au 1 EMU NL ABN 50 127 291 927 QUARTERLY REPORT FOR SEPTEMBER 2015 COMPETENT PERSON’S STATEMENT Emu NL ABN 50 127 291 927 ASX Code: EMU 10 Walker Ave West Perth, WA 6005 T +61 8 9226 4266 E info@emunl.com.au PO Box 1112 West Perth, WA 6872 Issued Capital: Quoted: Shares 39,693,856 fully paid shares Unquoted: Contributing Shares 35,652,856; paid to $0.03; $0.03 to pay, no call before 31/12/2017 Options 82,736 exercisable at $0.4266 by 21.12.2015 Directors: Peter Thomas Chairman Greg Steemson Managing Director Gavin Rutherford NonExecutive Director The details contained in this report that pertain to exploration results, mineral resources and mineral reserves are based upon information compiled by Mr. Greg Steemson, Managing Director of Emu NL. Mr. Steemson is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (JORC Code). Mr. Steemson consents to the inclusion in the report of the matters based upon his information in the form and context in which it appears. FORWARD LOOKING STATEMENT This report contains forward looking statements concerning the projects owned by Emu NL. Statements concerning mining reserves and resources may also be deemed to be forward looking statements in that they involve estimates based on specific assumptions. Forward-looking statements are not statements of historical fact and actual events and results may differ materially from those described in the forward looking statements as a result of a variety of risks, uncertainties and other factors. Forward looking statements are based on management’s beliefs, opinions and estimates as of the dates the forward looking statements are made and no obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future developments. 2 Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report Rule 5.5 Appendix 5B 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 Emu NL ABN Quarter ended (“current quarter”) 50 127 291 927 30 September 2015 Consolidated statement of cash flows - Year to date (3 months) $A’000 - (12) (148) 17 (12) (148) 17 14 14 Net Operating Cash Flows (129) (129) Cash flows related to investing activities Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets Loans to other entities Loans repaid by other entities Other (provide details if material) (20) 26 - (20) 26 - 6 6 (123) (123) Cash flows related to operating activities 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 Receipts from product sales and related debtors Payments for (a) exploration & evaluation (b) development (c) production (d) 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 investing cash flows Total operating and investing cash flows (carried forward) + See chapter 19 for defined terms. 01/05/2013 Appendix 5B Page 1 Current quarter $A’000 Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report 1.13 Total operating and investing cash flows (brought forward) (123) (123) Cash flows related to financing activities Proceeds from issues of shares, options, etc. Proceeds from sale of forfeited shares Proceeds from borrowings Repayment of borrowings Dividends paid Other (provide details if material) - - Net financing cash flows - - Net increase (decrease) in cash held (123) (123) 1.20 1.21 Cash at beginning of quarter/year to date Exchange rate adjustments to item 1.20 2,635 - 2,635 - 1.22 Cash at end of quarter 2,512 2,512 1.14 1.15 1.16 1.17 1.18 1.19 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 99 1.23 Aggregate amount of payments to the parties included in item 1.2 1.24 Aggregate amount of loans to the parties included in item 1.10 1.25 Explanation necessary for an understanding of the transactions Item 1.23 includes aggregate amounts paid to directors including salary, directors’ fees, consulting fees, superannuation and geological consulting services. - Non-cash financing and investing activities 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest + See chapter 19 for defined terms. Appendix 5B Page 2 01/05/2013 Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report Financing facilities available Add notes as necessary for an understanding of the position. 3.1 Loan facilities 3.2 Credit standby arrangements Amount available $A’000 Nil Amount used $A’000 Nil Nil Nil Estimated cash outflows for next quarter $A’000 30 4.1 Exploration and evaluation 4.2 Development - 4.3 Production - 4.4 Administration 100 Total 130 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 5.1 Cash on hand and at bank 549 684 5.2 Deposits at call 1,963 1,951 5.3 Bank overdraft - - 5.4 Other (provide details) - - 2,512 2,635 Total: cash at end of quarter (item 1.22) Changes in interests in mining tenements and petroleum tenements Tenement reference and location 6.1 6.2 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed Interests in mining tenements and petroleum tenements acquired or increased + See chapter 19 for defined terms. 01/05/2013 Appendix 5B Page 3 Nature of interest (note (2)) Interest at beginning of quarter Interest at end of quarter Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report 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 7.1 7.2 7.3 7.4 7.5 7.6 7.7 7.8 7.9 7.10 7.11 7.12 Preference +securities (description) Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions +Ordinary securities Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs +Convertible debt securities (description) Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted Options (description and conversion factor) Issued during quarter Number quoted 39,693,856 35,652,856 39,693,856 - 82,736 - Issue price per security (see note 3) (cents) Amount paid up per security (see note 3) (cents) Fully paid 6 cents Fully paid 3 cents Exercise price $0.4266 Expiry date 21 December 2015 Exercised during quarter Expired during quarter Debentures (totals only) Unsecured notes (totals only) + See chapter 19 for defined terms. Appendix 5B Page 4 01/05/2013 Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report Compliance statement 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5). 2 This statement does /does not* (delete one) give a true and fair view of the matters disclosed. Sign here: Print name: (Company secretary) Date: 29 October 2015 Dennis Wilkins Notes 1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report. 2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement or petroleum tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2. 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities. 4 The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. 5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with. == == == == == + See chapter 19 for defined terms. 01/05/2013 Appendix 5B Page 5