European Metals Holdings Regulatory News (EMH)

Name of entity

European Metals Holdings Limited (ASX: EMH)

ABN

Quarter ended ("current quarter")

55 154 618 989

30 June 2019

Consolidated statement of cash flows

Current quarter $A'000

Year to date (12 months)$A'000

1.

Cash flows from operating activities

1.1

Receipts from customers

1.2

Payments for

(329)

(1,431)

(a) exploration & evaluation

(b) development

-

-

(c) production

-

-

(d) staff costs

(128)

(663)

(e) administration and corporate costs

(436)

(1,404)

1.3

Dividends received (see note 3)

-

-

1.4

Interest received

-

1

1.5

Interest and other costs of finance paid

-

-

1.6

Income taxes paid

-

-

1.7

Research and development refunds

-

-

1.8

Other (legal costs)

-

-

1.9

Net cash from / (used in) operating activities

(893)

(3,497)

2.

Cash flows from investing activities

-

-

2.1

Payments to acquire:

(a) property, plant and equipment

(b) tenements (see item 10)

-

-

(c) investments

-

-

(d) other non-current assets

-

-

2.2

Proceeds from the disposal of:

-

-

(a) property, plant and equipment

(b) tenements (see item 10)

-

-

(c) investments

-

-

(d) 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

-

-

3.

Cash flows from financing activities

-

1,817

3.1

Proceeds from issues of shares

3.2

Proceeds from issue of convertible notes

-

-

3.3

Proceeds from exercise of share options

-

-

3.4

Transaction costs related to issues of shares, convertible notes or options

-

(127)

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 (provide details if material)

-

-

3.10

Net cash from / (used in) financing activities

-

1,690

4.

Net increase / (decrease) in cash and cash equivalents for the period

1,319

2,223

4.1

Cash and cash equivalents at beginning of period

4.2

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

(893)

(3,497)

4.3

Net cash from / (used in) investing activities (item 2.6 above)

-

-

4.4

Net cash from / (used in) financing activities (item 3.10 above)

-

1,690

4.5

Effect of movement in exchange rates on cash held

-

10

4.6

Cash and cash equivalents at end of period

426

426

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

426

1,319

5.2

Call deposits

-

-

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)

426

1,319

6.

Payments to directors of the entity and their associates

Current quarter$A'000

6.1

Aggregate amount of payments to these parties included in item 1.2

163

6.2

Aggregate amount of cash flow from loans to these parties included in item 2.3

6.3

Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2

Amounts paid to directors and their associates as director remuneration and reimbursement expenses (117k). Amounts paid to Wilgus Investments Pty Ltd a related entity of David Reeves for Rent ($5k).

7.

Payments to related entities of the entity and their associates

Current quarter$A'000

7.1

Aggregate amount of payments to these parties included in item 1.2

7.2

Aggregate amount of cash flow from loans to these parties included in item 2.3

7.3

Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2

8.

Financing facilities availableAdd notes as necessary for an understanding of the position

Total facility amount at quarter end$A'000

Amount drawn at quarter end$A'000

8.1

Loan facilities

8.2

Credit standby arrangements

8.3

Other (please specify)

8.4

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.

9.

Estimated cash outflows for next quarter

$A'000

9.1

Exploration and evaluation

190

9.2

Development

9.3

Production

9.4

Staff costs

191

9.5

Administration and corporate costs

257

9.6

Other (provide details if material)

9.7

Total estimated cash outflows

638

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

Nil

10.2

Interests in mining tenements and petroleum tenements acquired or increased

Nil