Focus Minerals : December 2021 Quarterly Cashflow Report

Name of entity

Focus Minerals Limited

ABN

Quarter ended ("current quarter")

56 005 470 799

31 December 2021

Consolidated statement of cash flows

Current

Year to date

quarter

(12 months)

$A'000

$A'000

1.

Cash flows from operating activities

1.1

Receipts from customers

4

21

1.2

Payments for

(a)

exploration & evaluation

(14)

(88)

(b)

development

-

-

(c)

production

-

-

(d)

staff costs

(460)

(1,491)

(e)

administration and corporate costs

(355)

(1,669)

1.3

Dividends received (see note 3)

1.4

Interest received

54

98

1.5

Interest and other costs of finance paid

(226)

(865)

1.6

Income taxes paid

-

-

1.7

Government grants and tax incentives

-

-

1.8

Other (Environmental Expenses etc)

(40)

(842)

1.9

Net cash from / (used in) operating activities

(1,037)

(4,836)

2.

Cash flows from investing activities

2.1

Payments to acquire or for:

(a)

entities

-

-

(b)

tenements

-

-

(c)

property, plant and equipment

(85)

(428)

(d)

exploration & evaluation

(2,201)

(12,770)

(e)

investments

-

-

(f)

other non-current assets

-

-

Consolidated statement of cash flows

Current

Year to date

quarter

(12 months)

$A'000

$A'000

2.2

Proceeds from the disposal of:

(a)

entities

-

-

(b)

tenements

-

-

(c) property, plant and equipment

-

25

(d)

investments

-

-

(e)

other non-current assets

-

-

2.3

Cash flows from loans to other entities

-

-

2.4

Dividends received (see note 3)

-

-

2.5

Other (bond released)

-

62

2.6

Net cash from / (used in) investing activities

(2,286)

(13,111)

3.

Cash flows from financing activities

3.1

Proceeds from issues of equity securities

25,503

25,503

(excluding convertible debt securities)

3.2

Proceeds from issue of convertible debt

-

-

securities

3.3

Proceeds from exercise of options

-

-

3.4

Transaction costs related to issues of equity

-

-

securities or convertible debt securities

3.5

Proceeds from borrowings

-

-

3.6

Repayment of borrowings

(21)

(195)

3.7

Transaction costs related to loans and

-

-

borrowings

3.8

Dividends paid

-

-

3.9

Other (payments into term deposits)

-

-

3.10

Net cash from / (used in) financing activities

25,482

25,308

4.

Net increase / (decrease) in cash and

22,159

7,361

cash equivalents for the period

4.1

Cash and cash equivalents at beginning of

5,092

19,890

period

4.2

Net cash from / (used in) operating activities

(1,037)

(4,836)

(item 1.9 above)

4.3

Net cash from / (used in) investing activities

(2,286)

(13,111)

(item 2.6 above)

4.4

Net cash from / (used in) financing activities

25,482

25,308

(item 3.10 above)

4.5

Effect of movement in exchange rates on cash

-

-

held

4.6

Cash and cash equivalents at end of period

27,251

27,251

5.

Reconciliation of cash and cash

Current

Previous quarter

equivalents

quarter

$A'000

at the end of the quarter (as shown in the

$A'000

consolidated statement of cash flows) to the

related items in the accounts

5.1

Bank balances

27,251

2,996

5.2

Call deposits

-

2,096

5.3

Bank overdrafts

-

-

5.4

Other (provide details)

-

-

5.5

Cash and cash equivalents at end of quarter

27,251

5,092

(should equal item 4.6 above)

6.

Payments to related parties of the entity and their

Current quarter

associates

$A'000

6.1

Aggregate amount of payments to related parties and their

209

associates included in item 1

6.2

Aggregate amount of payments to related parties and their

127

associates included in item 2

Total facility

Amount drawn at

amount at quarter

quarter end

end

$A'000

$A'000

20,000

20,000

13,535

13,535

33,535

33,535

7.5

Unused financing facilities available at quarter end

13,782

8.

Estimated cash available for future operating activities

$A'000

8.1

Net cash from / (used in) operating activities (item 1.9)

(1,037)

8.2

(Payments for exploration & evaluation classified as investing

(2,201)

activities) (item 2.1(d))

8.3

Total relevant outgoings (item 8.1 + item 8.2)

(3,238)

8.4

Cash and cash equivalents at quarter end (item 4.6)

27,251

8.5

Unused finance facilities available at quarter end (item 7.5)

13,782

8.6

Total available funding (item 8.4 + item 8.5)

41,033

8.7

Estimated quarters of funding available (item 8.6 divided by

12.7

item 8.3)