Thor Energy Regulatory News (THR)

Name of entity

THOR MINING PLC

ABN

Quarter ended ("current quarter")

121 117 673

31 DECEMBER 2018

1.

Cash flows from operating activities

2

4

1.1

Receipts

1.2

Payments for

(333)

(795)

(a) exploration & evaluation

(b) development

-

-

(c) production

-

-

(d) staff costs

(54)

(72)

(e) administration and corporate costs

(322)

(603)

1.3

Dividends received (see note 3)

-

-

1.4

Interest received

14

16

1.5

Interest and other costs of finance paid

-

-

1.6

Income taxes paid

-

-

1.7

Research and development refunds

-

-

1.8

Other

-

-

1.9

Net cash from / (used in) operating activities

(693)

(1,450)

2.

Cash flows from investing activities

-

-

2.1

Payments to acquire:

(a) property, plant and equipment

(b) tenements (see item 10)

-

-

(c) investments

-

(100)

(d) other non-current assets

-

-

2.2

Proceeds from the disposal of:

-

-

(a) property, plant and equipment

(b) tenements (see item 10)

commission paid on proceeds

-

-

-

-

(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 (security bonds)

-

-

2.6

Net cash from / (used in) investing activities

-

(100)

3.

Cash flows from financing activities

-

-

3.1

Proceeds from issues of shares

3.2

Proceeds from issue of convertible notes

-

-

3.3

Proceeds from exercise of share options

969

1,000

3.4

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

(7)

(7)

3.5

Proceeds from borrowings

-

-

3.6

Repayment of borrowings (finance lease)

(5)

(9)

3.7

Transaction costs related to loans and borrowings

3.8

Dividends paid

3.9

Other

-

-

3.10

Net cash from / (used in) financing activities

957

984

4.

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

1,625

2,439

4.1

Cash and cash equivalents at beginning of period

4.2

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

(693)

(1,450)

4.3

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

-

(100)

4.4

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

957

984

4.5

Effect of movement in exchange rates on cash held

(5)

11

4.6

Cash and cash equivalents at end of period

1,884

1,884

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

869

122

5.2

Call deposits

5.3

Bank overdrafts

5.4

Other (term deposit)

1,015

1,503

5.5

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

1,884

1,625

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

144

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

The amount at Item 6.1 above represents payments to Directors for Directors fees, other consulting services provided (Messrs Billing and Thomas only) and the salary paid to the Executive Director (Richard Bradey).

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

(352)

9.2

Development

-

9.3

Production

-

9.4

Staff costs

(12)

9.5

Administration and corporate costs

(223)

9.6

Other (earn-in contributions to Environmental Copper Recovery)

(150)

9.7

Total estimated cash outflows

(737)

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

10.2

Interests in mining tenements and petroleum tenements acquired or increased