Sheffield Resources : Quarterly Cashflow Report

+Rule 5.5

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

1. Cash flows from investing activities

2. Payments to acquire:

3. property, plant and equipment

   (18) (41)

4. tenements (see item 10) - -

Consolidated statement of cash flows	Current quarter $A'000	Year to date (12 months) $A'000
(c) investments	-	-
(d) other non-current assets	-	-
2.2 Proceeds from the disposal of:
(a) property, plant and equipment	-	-
(b) tenements (see item 10)	-	500
(c) investments	-	-
(d) other financial assets	-	62
2.3 Cash flows from loans to other entities	-	-
2.4 Dividends received (see note 3)	-	-
2.5 Other (R&D rebate for 2016 year)	-	1,215
2.6 Net cash from / (used in) investing	(18)	1,736
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	- - - - - - - - -	17,129 - - (1,051) - - - - -
	-	16,078

4.	Net increase / (decrease) in cash and cash equivalents for the period
4.1	Cash and cash equivalents at beginning of period	10,982	5,007
4.2	Net cash from / (used in) operating activities (item 1.9 above)	(2,632)	(14,489)
4.3	Net cash from / (used in) investing activities (item 2.6 above)	(18)	1,736
4.4	Net cash from / (used in) financing activities (item 3.10 above)	-	16,078

Consolidated statement of cash flows		Current quarter $A'000	Year to date (12 months) $A'000
4.5	Effect of movement in exchange rates on cash held	-	-
4.6	Cash and cash equivalents at end of period	8,332	8,332

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	1,290	1,982
5.2	Term deposits	7,042	9,000
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)	8,332	10,982

Current quarter $A'000

130

-

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

   Director fees and superannuation

   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

   N/A

   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.

N/A

9.	Estimated cash outflows for next quarter	$A'000
9.1	Exploration and evaluation	1,400
9.2	Development	-
9.3	Production	-
9.4	Staff costs	800
9.5	Administration and corporate costs	600
9.6	Other (provide details if material)	-
9.7	Total estimated cash outflows	2,800

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	E04/2392 - Canning Basin E63/1696 - Tropicana Belt E28/2481 - Tropicana Belt	Relinquished Relinquished Relinquished	100% 100% 100%	Nil Nil Nil
10.2	Interests in mining tenements and petroleum tenements acquired or increased	E04/2386 - Canning Basin E28/2563 - Fraser Range E46/1099 - Pilbara	Granted Granted Granted	Nil Nil Nil	100% 49% 100%