Neometals Regulatory News (NMT)

Name of entity

Neometals Ltd

ABN

Quarter ended ("current quarter")

89 099 116 631

June 2023

1.

Cash flows from operating activities

-

-

1.1

Receipts from customers

1.2

Payments for

(2,166)

(9,017)

(a) exploration & evaluation (R&D)

(b) development

-

-

(c) production

-

-

(d) staff costs

(1,394)

(5,940)

(e) administration and corporate costs

(1,231)

(5,974)

1.3

Dividends received (see note 3)

-

-

1.4

Interest received

331

1,050

1.5

Interest and other costs of finance paid

-

-

1.6

Income taxes paid

-

-

1.7

Government grants and tax incentives

-

-

1.8

Other (GST payable on offtake sale)

-

-

1.9

Net cash from / (used in) operating activities

(4,460)

(19,881)

2.

Cash flows from investing activities

-

-

2.1

Payments to acquire or for:

(a) entities

(b) tenements

(c) property, plant and equipment

(183)

(435)

(d) exploration & evaluation

(1,353)

(5,827)

(e) investments

- listed investments

-

(895)

- investment in joint ventures

(2,781)

(9,781)

(f) other non-current assets

(27)

(158)

2.2

Proceeds from the disposal of:

-

-

(a) entities

(b) tenements

-

-

(c) property, plant and equipment

-

-

(d) investments

1,087

1,216

(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

(3,257)

(15,880)

3.

Cash flows from financing activities

-

-

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

-

(19)

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

-

(19)

4.

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

(7,717)

(35,780)

4.1

Cash and cash equivalents at beginning of period

32,353

60,358

4.2

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

(4,460)

(19,881)

4.3

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

(3,257)

(15,880)

4.4

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

-

(19)

4.5

Effect of movement in exchange rates on cash held

4

62

4.6

Cash and cash equivalents at end of period

24,640

24,640

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

24,315

21,028

5.2

Call deposits

125

11,125

5.3

Bank overdrafts

-

-

5.4

Other (restricted deposits)

200

200

5.5

Cash and cash equivalents at end of quarter (should equal item 4.6 above)

24,640

32,353

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

333

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.

8.

Estimated cash available for future operating activities

$A'000

8.1

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

(4,460)

8.2

(Payments for exploration & evaluation classified as investing activities) (item 2.1(d))

(1,353)

8.3

Total relevant outgoings (item 8.1 + item 8.2)

(5,813)

8.4

Cash and cash equivalents at quarter end (item 4.6)

24,640

8.5

Unused finance facilities available at quarter end (item 7.5)

-

8.6

Total available funding (item 8.4 + item 8.5)

24,640

8.7

Estimated quarters of funding available (item 8.6 divided by item 8.3)

4.24

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.