Wolf Minerals Regulatory News (WLFE)

Name of entity

WOLF MINERALS LIMITED

ABN

Quarter ended ("current quarter")

11 121 831 472

30 SEPTEMBER 2016

1.

Cash flows from operating activities

3,978

3,978

1.1

Receipts from customers

1.2

Payments for

-

-

(a) exploration & evaluation

(b) development

(6,127)

(6,127)

(c) production

(13,760)

(13,760)

(d) staff costs

(2,922)

(2,922)

(e) administration and corporate costs

(774)

(774)

1.3

Dividends received (see note 3)

-

-

1.4

Interest received

21

21

1.5

Interest and other costs of finance paid

(4,063)

(4,063)

1.6

Income taxes paid

-

-

1.7

Research and development refunds

-

-

1.8

Other (provide details if material)

-

-

1.9

Net cash from / (used in) operating activities

(23,647)

(23,647)

2.

Cash flows from investing activities

(131)

(131)

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

(131)

(131)

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

-

-

3.4

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

(34)

(34)

3.5

Proceeds from borrowings

-

-

3.6

Repayment of borrowings

(4,673)

(4,673)

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

(4,707)

(4,707)

4.

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

(28,485)

35,010

(28,485)

35,010

4.1

Cash and cash equivalents at beginning of period

4.2

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

(23,647)

(23,647)

4.3

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

(131)

(131)

4.4

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

(4,707)

(4,707)

4.5

Effect of movement in exchange rates on cash held

(1,288)

(1,288)

4.6

Cash and cash equivalents at end of period

5,237

5,237

5.

Reconciliation of cash and cash equivalentsat 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

5,159

34,894

5.2

Call deposits

78

116

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)

5,237

35,010

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

103

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

1. Payment of directors remuneration.

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

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.

Post quarter end the Company executed a secured £20 million (~A$32.1 million) Bridge Loan facility with Resource Capital Fund VI L.P. as announced on 24 October 2016. The applicable interest rates is 4.25% + LIBOR.

9.

Estimated cash outflows for next quarter

$A'000

9.1

Exploration and evaluation

-

9.2

Development

8,000

9.3

Production

12,500

9.4

Staff costs

2,500

9.5

Administration and corporate costs

500

9.6

Other (provide details if material)

1,500

9.7

Total estimated cash outflows

25,000

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

N/A

N/A

10.2

Interests in mining tenements and petroleum tenements acquired or increased

N/A

N/A