March 2026 Quarterly Activities Report and Appendix 5B
Released
Released
Announcement PDF
ASX Announcement
20 April 2023
ASX: FG1
Quarterly Activities Report
31 March 2026
Page 2 of 17 | ABN 82 644 122 216 | ASX: FG1
Suite 2, Level 11, 385 Bourke Street, Melbourne VIC 3000
Highlights
Exploration – Tasmanian Projects
• Henty Silver-Lead-Zinc Project – Exceptional high-grade silver and base metals
mineralisation intersected in the first diamond drill-hole completed at the historical Silver King
Mine:
o SKDD001: 1.0m @ 1,020g/t (33oz/t) Ag, 15.2% Pb, 4.7% Zn, 0.45% Cu, 0.39% Sb
and 0.05 g/t Au from 101.0 m; including:
0.4m @ 2,450g/t (79oz/t) Ag, 29.5% Pb, 9.0% Zn, 1.1% Cu, 0.95% Sb,
and 0.1g/t Au from 101.2m.
• Firetower Tungsten-Gold Project – Latest assay results from re-sampling of historical drill
core that was not previously assayed for tungsten confirms shallow high-grade gold-
tungsten mineralisation including:
o 2019FTD011: 10m @ 2.64g/t Au, 0.19% WO3 from 63m, including:
4m @ 2.75g/t Au, 0.46% WO3, 0.07% Co, 0.02% Cu from 69m
o 2019FTD012: 17m @ 1.65g/t Au, 0.17% WO3 from 76m, including:
2m @ 2.41g/t Au, 0.58% WO3, 0.17% Co, 0.18% Cu from 78m, and
2m @ 4.09g/t Au, 0.55% WO3, 0.04% Co, 0.12% Cu from 88m.
• Warrentinna Tungsten-Gold Project – Significant high-grade tungsten results of up to
14.75% WO3 and 13.43% WO3 recorded in rock chip samples at the Gorge Creek Tungsten
prospect.
• Sampling has confirmed a broad, coherent tungsten-bismuth anomaly extending over an area
of ~400m x 150m, including a high-grade zone of ~250m x 60m, which is open along strike
and has never been drill tested.
• Golden Ridge Gold Project – Major new phase of exploration underway, focused on testing
for extensions to high-grade gold mineralisation in the 3km contact zone between the Brilliant
and Trafalgar deposits.
• Studies underway to evaluate the potential to establish Golden Ridge as a future gold
processing hub in NE Tasmania, with most of Flynn’s other gold exploration assets in the
region located within 70km of the Golden Ridge Project.
Corporate
• Sale of non-core Forrestania and Lake Johnston Projects in WA to Forrestania Resources
(ASX: FRS) for $350,000 in shares. Settlement outstanding at the end of the Quarter.
• The Company’s cash position at 31 March 2026 was $2.48 million.
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Flynn Gold Limited (ASX: FG1, “Flynn” or “the Company”) is pleased to report on its activities
for the quarter ending 31 March 2026.
Flynn is an Australian mineral exploration company which is focused on unlocking the potential
of its extensive portfolio of gold, silver and critical minerals projects in Tasmania.
The Company has ten 100%-owned tenements in north-east Tasmania which are highly
prospective for gold as well as tungsten, including the advanced Golden Ridge Project where
Flynn has made a substantial high-grade intrusive-related gold discovery over a 9km long zone.
The Company also holds the Henty Silver-Lead-Zinc Project located on Tasmania’s mineral-rich
west coast and the Firetower gold and critical metals project located in north-western Tasmania.
Henty sits outside the mining town of Zeehan, which represents one of Australia’s most famed
silver mining districts.
Exploration –Tasmania
During the March 2026 Quarter, the Company’s exploration activities were focused across the
Henty, Firetower Projects in NW Tasmania and the Warrentinna and Mangana Projects in NE
Tasmania, with a major new phase of exploration also commencing at the flagship Golden Ridge
Project subsequent to Quarter-end (Figure 1 and Figure 2).
Figure 1 – Location of Flynn Gold tenements in NE Tasmania.
Page 4 of 17 | ABN 82 644 122 216 | ASX: FG1
Suite 2, Level 11, 385 Bourke Street, Melbourne VIC 3000
Figure 2: Location of Flynn Gold tenements in NW Tasmania
Henty Project
The Company holds two Exploration Licences adjacent to the historic mining town of Zeehan
(Figure 2) where silver-lead-zinc mineralisation is known to occur within narrow, high-grade
fissure veins.
Flynn’s Henty Project covers numerous historical silver-lead-zinc deposits and mines as well as
mineralised zones discovered by more recent exploration, highlighting the exceptional
prospectivity of the project area (See Figure 3).
During the quarter, the Company commenced its first-ever diamond drilling program at the highly
prospective Silver King prospect.
The program represents the first drill testing of the Silver King Mine Trend in 80 years and is
designed to evaluate whether the high-grade shoots mined historically persist at depth.
Page 5 of 17 | ABN 82 644 122 216 | ASX: FG1
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Figure 3: Henty Project - Geology and Prospect Locations.
Silver King Mine Trend Drilling
Diamond drilling at the Silver King Mine trend has progressed well with three holes (SKDD001-
003) completed at Quarter-end for 610.5m, and a fourth hole (SKDD004) subsequently
completed.
This maiden drilling effort by Flynn has concentrated at two historical mining centres along the
trend, namely the Silver King and South King-Zeehan Bell mines, located approximately 1km
apart. The Silver King Mine trend comprises a north-northwest striking zone of steeply dipping
silver-rich galena-sphalerite fissure veins extending for approximately 1.6km between the
historical Sunrise and Silver King mines (Figure 4).
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Figure 4: Henty Project Silver King Area Location Plan.
The first assay results from the drilling program were received subsequent to Quarter-end.
SKDD001 successfully intersected zones of structurally controlled sulphide-carbonate veining,
with the best significant mineralised intercepts including:
SKDD001:
• 1.0m @ 1,020g/t (33oz/t) Ag, 15.2% Pb, 4.7% Zn, 0.45% Cu, 0.39% Sb and 0.05 g/t Au
from 101.0 m; including
o 0.4m @ 2,450g/t (79oz/t) Ag, 29.5% Pb, 9.0% Zn, 1.1% Cu, 0.95% Sb, and 0.1g/t Au
from 101.2m.
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The results represent assays from partial sampling of diamond drill hole SKDD001, within semi-
massive to massive galena-sphalerite mineralisation zones on the drill core.
SKDD001 was designed to test the southern extension of high-grade silver-lead ore shoots below
the historical Silver King mine workings, and to provide geological data relating to the orientation
of structures, veining and mineralisation (Figure 5).
The overall grade and width of the SKDD001 mineralised intercepts are consistent with that
reported from historical mine records at Silver King. High-grade ore was reported to grade
approximately 25–45oz/t (780–1,400g/t) silver at Silver King, while locally reported grades of up
to 100oz/t (3,110g/t) silver were reported1
from high-grade shoots at South King mine.
Figure 5: Henty Project Silver King Drill Hole Location Plan.
1
Waller, G.A., 1904. Report on the Zeehan silver-lead mining field, Dept. Mines Tasmania Rep. OS 224
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Firetower Project
The Firetower Project (EL26/2004) is located in northwest Tasmania and covers an area of 62
square kilometres. The project lies in the north-eastern end of the highly mineralised Mt Read
volcanic sequence, which hosts major polymetallic base metals and gold deposits such as Hellyer
and Rosebery, copper-gold deposits such as Mt Lyell and the Henty gold mine (see Figure 2).
Historical exploration in the Firetower Project area, beginning in the 1970s, was largely gold
focused. Anomalous tungsten and cobalt were noted by previous explorers but generally not
followed up due to the gold-focused exploration models applied at the time.
The polymetallic mineralisation at Firetower is currently defined by historical drilling over a strike
length of 200m and remains open along a highly prospective 6km-long trend.
Core Re-sampling Program
During the quarter, Flynn reported further significant assay results from its program of re-sampling
historical drill core for critical metals, specifically tungsten and cobalt.
The new assay results were derived from quarter-core sampling of the remaining TT46, NQ or
HQ half-core kept at the Department of State Growth core storage facility in Hobart.
Samples were re-assayed using lithium borate fusion followed by the X-ray fluorescence process
(XRF15b method), which provides a total digest suitable for scheelite and other tungsten-bearing
minerals, thereby enabling more accurate determination of tungsten grades in mineralised zones.
Highlights of the assay results reported during the Quarter included:
2019FTD011
• 10m @ 2.64g/t Au, 0.19% WO3 from 63m, including:
o 4m @ 2.75g/t Au, 0.46% WO3, 0.07% Co, 0.02% Cu from 69m.
2019FTD012
• 17m @ 1.65g/t Au, 0.17% WO3 from 76m, including:
o 2m @ 2.41g/t Au, 0.58% WO3, 0.17% Co, 0.18% Cu from 78m, and
o 2m @ 4.09g/t Au, 0.55% WO3, 0.04% Co, 0.12% Cu from 88m.
The mineralised intersections in 2019FTD011 and 2019FTD012 are up-dip of previously reported
high-grade polymetallic mineralisation2
, which extends to a depth of approximately 150 metres
from surface, including:
2019FTD007E
• 17m @ 2.3g/t Au, 0.73% WO3, 0.16% Co, 0.16% Cu from 121m, including:
o 1.7m @ 6.64g/t Au, 1.08% WO3, 0.13% Co, 0.14% Cu
o 3.8m @ 2.18g/t Au, 0.88% WO3, 0.27% Co, 0.10% Cu, and
o 5.5m @ 3.27g/t Au, 0.61% WO3, 0.24% Co, 0.33% Cu.
The latest assay results support the continuity of high-grade polymetallic mineralisation (Figure
6) and validate the use of a more accurate analytical technique to determine tungsten grades in
mineralised zones.
2
See FG1 ASX Announcement dated 30 October 2025 for full details
Page 9 of 17 | ABN 82 644 122 216 | ASX: FG1
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Figure 6: Firetower Prospect Drill Hole Location Plan.
Diamond Drilling
During the Quarter, drilling permits were received from Mineral Resources Tasmania (MRT) to
extend three of the holes drilled in 2019 (see Figure 6), with the aim of targeting high-grade
mineralisation at a depth of approximately 200m from surface as shown in Figure 7.
Additional locations have also been identified and approved by MRT from which further drilling
can be undertaken following completion of the first three drill holes.
The drilling program is planned to commence in the second quarter of 2026.
Page 10 of 17 | ABN 82 644 122 216 | ASX: FG1
Suite 2, Level 11, 385 Bourke Street, Melbourne VIC 3000
Figure 7: Cross Section with preliminary 3D model of the Firetower Prospect (looking east)
Warrentinna Project
During the Quarter, Flynn Gold reported the first results of a reconnaissance mapping and
sampling program at the Gorge Creek Tungsten Prospect, which lies within the 100%-owned
Warrentinna Project (EL30/2004) in northeast Tasmania (Figure 1).
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Exploration activities have included mapping, soil and rock chip sampling. Tungsten
mineralisation at surface occurs within sheeted quartz veins which vary between 20mm and
200mm wide, containing wolframite (FeMnWO4), scheelite (CaWO4) and minor sulphides (Fe-
As-Cu-Bi) with anomalous gold and silver.
A total of 65 rock chip, 92 soil and six stream sediment samples have been reported, confirming
a broad, coherent tungsten-bismuth anomaly extending over an area of approximately 400m by
150m, with a high-grade zone of approximately 250m by 60m, which remains open along strike.
There are no records of this anomaly ever being drill tested.
Peak rock chip results include 14.75% WO3, 197g/t Ag, 0.65g/t Au and 0.2% Bi (see Figure 9
and Figure 10 for examples).
Interpretation of LiDAR data, combined with detailed outcrop mapping, indicates that the highest
density of quartz veining is developed within a prospect-scale fold hinge zone, which is interpreted
to be a key structural control on mineralisation (Figure 8).
Future work will focus on defining the scale, geometry and controls of the tungsten-gold-silver-
bismuth mineralisation at the Gorge Creek Project.
Figure 8: Plan view of Gorge Creek Prospect area showing rock-chips locations and the
interpreted tungsten anomaly (shaded red) occurring in and along trend of a regional fold hinge.
Page 12 of 17 | ABN 82 644 122 216 | ASX: FG1
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Figure 9 – Rock chip sample 78677 (13.43% WO3) showing visible black crystals of wolframite
within a quartz vein.
Figure 10 – Tungsten mineralisation in Quartz - specimens photographed in natural light (left) and
under ultraviolet (UV) light (right). Wolframite mineralisation is visible as black elongate crystals in
natural light, while scheelite mineralisation is identified by its characteristic fluorescence under UV
illumination.
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Mangana Project
During the Quarter, Flynn’s geological team re-accessed historical workings and undertook
sampling at the historical Golden Entrance gold mine and surrounding prospects, targeting
mineralisation adjacent to open stopes, as well as previously untested surface exposures and
mullock dumps at the Mangana Project.
Sampling confirmed the presence of high-grade gold mineralisation across multiple prospects,
with results including:
• Up to 63.0g/t Au and 37.1g/t Au from quartz veins exposed along adit walls and backs
approaching open stope areas at Golden Entrance Adit No. 1.
• Surface rock-chip samples returning grades up to 10.5g/t Au from in-situ quartz veins.
The consistency of high-grade mineralisation within the underground workings, in particular Adit
No. 1, supports the tenor of historical production grades at Golden Entrance.
High-grade gold mineralisation at Buckland Prospect
Sampling at the nearby Buckland prospect also returned exceptional grades of up to 97.4g/t Au
from a quartz vein exposed within an adit. This demonstrates that high-grade mineralisation is
not restricted to the Mangana Reefs/Golden Entrance prospects and defines a priority follow-up
target.
EDGI Co-funded Diamond Drilling
Flynn completed an EDGI co-funded diamond drilling program at Golden Entrance during the
Quarter, designed to test for extensions of mineralisation beneath historical workings in an area
with no prior drilling. The program targeted interpreted down-plunge positions of historically
mined high-grade shoots.
A total of 691 metres was drilled across four diamond holes, with two holes co-funded to a
maximum of $60,000 under the Tasmanian Government’s Exploration Drilling Grant Initiative
(EDGI). The EDGI program supports innovative, high-quality exploration targeting new or
underexplored mineral systems in Tasmania.
In all four holes, drilling intersected black shale units with zones of quartz veining, shearing and
sulphide mineralisation across the targeted mineralised corridor.
The drilling returned narrow intervals of anomalous gold, confirming that the target structures
continue at depth, although the high-grade ore shoots were not intersected in this drilling
program.
The Mangana Project remains an early-stage gold project with the potential to discover future
gold resources Follow-up exploration will focus on target generation across the broader
Mangana Goldfield, including follow-up at the Buckland Prospect, where the high-grade rock-
chip results indicate a strong target that warrants more detailed mapping, sampling and
modelling.
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Golden Ridge Project
The Golden Ridge Project consists of multiple prospects and historical gold workings along a
nine-kilometre-long intrusive granodiorite-hornfels metasediment contact zone where Flynn is
actively exploring, with the aim of making further discoveries (Figure 11).
The Company’s ongoing work at Golden Ridge is continuing to identify and test multiple targets,
increasing confidence in known areas of high-grade gold mineralisation and confirming the
potential for Golden Ridge to be a large-scale gold discovery.
Figure 11 – Flynn Gold’s Golden Ridge Project, NE Tasmania, showing prospect areas.
During the Quarter the Company initiated an independent structural study which is being
undertaken by PGN Geoscience Pty Ltd. This study will deliver a technical report on the regional
to local scale structural controls on gold mineralisation and continuity of high-grade gold zones at
the Trafalgar and Brillant prospects as well as providing recommendations for follow-up work.
Page 15 of 17 | ABN 82 644 122 216 | ASX: FG1
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New Exploration Phase
Subsequent to the end of the Quarter, a new phase of exploration work at Golden Ridge was
announced, including the following activities:
• Trenching and channel sampling at the Brilliant Prospect, (Figure 12) targeting north-
eastern extensions to the gold mineralisation recorded in historical trenching;
• Drilling to follow-up the results of trenching and historical exploration across the 3km
contact zone between the Brilliant and Trafalgar Prospects (Figure 11);
• Completion of the ongoing structural study being undertaken by PGN Geoscience Pty Ltd,
with potential drill testing of targets generated from the study, and
• Phase II metallurgical testwork to follow up on earlier results on Trafalgar core, where
average gold recoveries of 94.5% were achieved using conventional leaching methods.
Figure 12: Planned trenches/costeans at Brilliant Prospect over LiDAR topography.
Potential Gold Processing Hub
Subsequent to the end of the Quarter, the Company announced that it is evaluating the potential
for the Golden Ridge Project to become a gold processing hub for its NE Tasmania operations
given that most of its gold exploration assets in the region are located near good roads and within
70km of the site (Figure 1).
Environmental surveys of potential sites will be commenced over the coming months to form part
of the gold processing hub approvals process.
Page 16 of 17 | ABN 82 644 122 216 | ASX: FG1
Suite 2, Level 11, 385 Bourke Street, Melbourne VIC 3000
Exploration – Western Australia
In keeping with the Company’s focus on its Tasmanian exploration assets, during the Quarter
Flynn agreed to sell its non-core Forrestania and Lake Johnston Projects in WA to Forrestania
Resources Limited (ASX: FRS) for $350,000 in shares (see Corporate section below).
Flynn Gold retains the Yarrie and Mount Dove (2 exploration licence applications) Projects in the
Pilbara region of Western Australia, which is prospective for gold and iron ore mineralisation.
During the quarter, no field work was undertaken on any of these projects.
Corporate
Sale of Non-Core WA Projects
During the Quarter, Flynn Gold signed an agreement to sell its 100% interest in the Forrestania
and Lake Johnston Projects in Western Australia to Forrestania Resources Limited (ASX: FRS,
“Forrestania”). Sales consideration comprises $350,000 in fully-paid ordinary shares in the capital
of Forrestania at a deemed issue price of $0.5457 each.
The sale agreement covers Exploration Licences E77/2915, E63/2187, E63/2188, E63/2190 and
Applications E63/2408 and E63/2414. Settlement was yet to be completed at the end of the
Quarter.
Cash Position
The Company’s cash position at 31 March 2026 was $2.48 million.
Summary of expenditure
The Company’s major cashflow movements for the quarter included:
• Exploration & Evaluation expenditure - $779k;
• Employee costs - $132k; and
• Administration and corporate costs - $79k.
Payments to related parties of the entity and their associates
In the March quarterly Appendix 5B, the figure of $115k as disclosed in section 6.1 and 6.2 relates
to salaries and fees (including superannuation) paid to directors and their associates during the
quarter.
Approved by the Board of Flynn Gold Limited.
27 April 2026
For further information or to post questions go to the Flynn Gold Investor Hub at
https://flynngold.com.au/link/y5XnzP.
For more information:
Neil Marston
Chief Executive Officer
+61 3 9692 7222
info@flynngold.com.au
Nicholas Read
Media & Investor Relations
+61 (0) 419 929 046
nicholas@readcorporate.com.au
Page 17 of 17 | ABN 82 644 122 216 | ASX: FG1
Suite 2, Level 11, 385 Bourke Street, Melbourne VIC 3000
Interests in Mining Tenements
The Company holds a granted beneficial interest in the following tenements as at 31st
March 2026:
References
ASX Announcement 9 February 2026 - Exceptional Tungsten Assays of up to 14.75% WO3 at Gorge Creek, NE
Tasmania
ASX Announcement 20 February 2026 - Drilling Commences at High-Grade Silver King Prospect at Zeehan –
Western Tasmania
ASX Announcement 25 February 2026 - Flynn Reinforces Tasmanian Focus with Sale of Non-Core WA Projects
ASX Announcement 24 March 2026 - More Shallow High-Grade Gold-Tungsten Intercepts at Firetower
ASX Announcement 9 April 2026 - High-Grade Silver in First Hole at Silver King Mine, Tasmania
ASX Announcement 10 April 2026 - Flynn Ramps Up Gold Exploration at Golden Ridge, NE Tasmania
In accordance with Listing Rule 5.23.2, the Company confirms in this subsequent public report that it is not aware of
any new information or data that materially affects the information included in any previous market announcements.
Mining
Tenement
Location
Beneficial
Percentage
held
Licence
Description
Interest
acquired/farm-in or
disposed/farm-out
during the quarter
EL11/2012 NE Tasmania 100% Portland -
EL13/2024 NE Tasmania 100% Beaconsfield
EL18/2016 NE Tasmania 100% Cameron -
EL17/2018 NE Tasmania 100% Golden Ridge -
EL16/2021 NE Tasmania 100% Bendover Hill Partial Surrender
EL02/2019 NE Tasmania 100% Mangana -
EL3/2020 NE Tasmania 100% Lisle -
EL16/2024 NE Tasmania 100% Lisle -
EL4/2020 NE Tasmania 100% Lyndhurst -
EL30/2004 NE Tasmania 100% Warrentinna -
EL26/2004 NW Tasmania 100% Firetower -
EL6/2015 W Tasmania 100% Henty South -
EL3/2018 W Tasmania 100% Henty North -
E45/5730 Yarrie, WA 100% Shay Gap -
E45/5731 Yarrie, WA 100% Shay Gap -
E77/2915 Forrestania, WA 100% East Indies -
E63/2187 Lake Johnston, WA 100% Mt Day North -
E63/2188 Lake Johnston, WA 100% Ant Rock -
E63/2190 Lake Johnston, WA 100% Bremer -
Rule 5.5
ASX Listing Rules Appendix 5B (17/07/20) Page 1
+ See chapter 19 of the ASX Listing Rules for defined terms.
Appendix 5B
Mining exploration entity or oil and gas exploration entity
quarterly cash flow report
Name of entity
Flynn Gold Limited
ABN Quarter ended (“current quarter”)
82 644 122 216 31 March 2026
Consolidated statement of cash flows Current quarter
$A’000
Year to date (9
months)
$A’000
1. Cash flows from operating activities -
1.1 Receipts from customers
1.2 Payments for
(779) (2,650)
(a) exploration & evaluation
(b) development - -
(c) production - -
(d) staff costs (132) (386)
(e) administration and corporate costs (79) (511)
1.3 Dividends received (see note 3) - -
1.4 Interest received 46 58
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Government grants and tax incentives - 92
1.8 Other (provide details if material) - -
1.9 Net cash from / (used in) operating
activities (944) (3,397)
2. Cash flows from investing activities
- -
2.1 Payments to acquire or for:
(a) entities
(b) tenements - -
(c) property, plant and equipment (4) (4)
(d) exploration & evaluation - -
(e) investments - -
(f) other non-current assets - (12)
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
ASX Listing Rules Appendix 5B (17/07/20) Page 2
+ See chapter 19 of the ASX Listing Rules for defined terms.
Consolidated statement of cash flows Current quarter
$A’000
Year to date (9
months)
$A’000
2.2 Proceeds from the disposal of:
- -
(a) entities
(b) tenements - 200
(c) property, plant and equipment - -
(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 (provide details if material) - -
2.6 Net cash from / (used in) investing
activities
(4) 184
3. Cash flows from financing activities
- 4,998
3.1 Proceeds from issues of equity securities
(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
(28) (515)
3.5 Proceeds from borrowings - -
3.6 Repayment of borrowings - -
3.7 Transaction costs related to loans and
borrowings
- -
3.8 Dividends paid - -
3.9 Other (payments of Lease Liabilities) (1) (4)
3.10 Net cash from / (used in) financing
activities
(29) 4,479
4. Net increase / (decrease) in cash and
cash equivalents for the period
4.1 Cash and cash equivalents at beginning of
period
3,453 1,210
4.2 Net cash from / (used in) operating
activities (item 1.9 above)
(944) (3,397)
4.3 Net cash from / (used in) investing activities
(item 2.6 above)
(4) 184
4.4 Net cash from / (used in) financing activities
(item 3.10 above)
(29) 4,479
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
ASX Listing Rules Appendix 5B (17/07/20) Page 3
+ See chapter 19 of the ASX Listing Rules for defined terms.
Consolidated statement of cash flows Current quarter
$A’000
Year to date (9
months)
$A’000
4.5 Effect of movement in exchange rates on
cash held
- -
4.6 Cash and cash equivalents at end of
period
2,476 2,476
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 376 253
5.2 Call deposits 2,100 3,200
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)
2,476 3,453
6. Payments to related parties of the entity and their
associates
Current quarter
$A'000
6.1 Aggregate amount of payments to related parties and their
associates included in item 1
115
6.2 Aggregate amount of payments to related parties and their
associates included in item 2
-
Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an
explanation for, such payments.
7. Financing facilities
Note: the term “facility’ includes all forms of financing
arrangements available to the entity.
Add notes as necessary for an understanding of the
sources of finance available to the entity.
Total facility
amount at quarter
end
$A’000
Amount drawn at
quarter end
$A’000
7.1 Loan facilities - -
7.2 Credit standby arrangements - -
7.3 Other (please specify) - -
7.4 Total financing facilities - -
7.5 Unused financing facilities available at quarter end -
7.6 Include in the box below a description of each facility above, including the lender, interest
rate, maturity date and whether it is secured or unsecured. If any additional financing
facilities have been entered into or are proposed to be entered into after quarter end,
include a note providing details of those facilities as well.
N/A
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
ASX Listing Rules Appendix 5B (17/07/20) Page 4
+ See chapter 19 of the ASX Listing Rules for defined terms.
8. Estimated cash available for future operating activities $A’000
8.1 Net cash from / (used in) operating activities (item 1.9) (944)
8.2 (Payments for exploration & evaluation classified as investing
activities) (item 2.1(d)) -
8.3 Total relevant outgoings (item 8.1 + item 8.2) (944)
8.4 Cash and cash equivalents at quarter end (item 4.6) 2,476
8.5 Unused finance facilities available at quarter end (item 7.5) -
8.6 Total available funding (item 8.4 + item 8.5) 2,476
8.7 Estimated quarters of funding available (item 8.6 divided by
item 8.3) 2.62
Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”.
Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7.
8.8 If item 8.7 is less than 2 quarters, please provide answers to the following questions:
8.8.1 Does the entity expect that it will continue to have the current level of net operating
cash flows for the time being and, if not, why not?
Answer: N/A
8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further
cash to fund its operations and, if so, what are those steps and how likely does it
believe that they will be successful?
Answer: N/A
8.8.3 Does the entity expect to be able to continue its operations and to meet its business
objectives and, if so, on what basis?
Answer: N/A
Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered.
Compliance statement
1 This statement has been prepared in accordance with accounting standards and policies which
comply with Listing Rule 19.11A.
2 This statement gives a true and fair view of the matters disclosed.
Date: 27 April 2026
Authorised by: The Board
Notes
1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the
entity’s activities for the past quarter, how they have been financed and the effect this has had on its cash position. An
entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is
encouraged to do so.
2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions
in, and provisions of, AASB 6: Exploration for and Evaluation of M
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