Quarterly Report for the period ended 30 September 2025
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
27 October 2025
ASX:VKA
vikingmines.com
15-17 Old Aberdeen Place
West Perth, WA, 6005
P +61 8 6245 0870
F +61 8 9322 5230
contact@vikingmines.com
1
QUARTERLY REPORT FOR THE PERIOD ENDED
30 SEPTEMBER 2025
Riverina East Project1
• 18 gold nuggets recovered during the quarter totalling 9.84g from the Southern Structural
Target at the Company’s Riverina East Project.
• Gold nuggets initially found across a 300m long area, within 100m of >50ppb auger soil
samples2
and 400m north of historic RAB & RC drill intercepts3
, including 4m at 5.1g/t Au
and 4m at 4.9 g/t Au.
• RC drilling programmes completed at Bifrost South and Southern Structural Target.
• Drone magnetic survey completed across the Bifrost Target area to improve data
resolution and aid structural interpretation for future drill targeting.
• Subsequent to the quarter end further prospecting completed, finding a specimen sample
of unknown rock type with extensive coarse, disseminated gold and currently undergoing
laboratory test-work to determine if it is of primary origin4
.
• The Nugget Patch now enlarged to occur over a 600m x 500m area with a total of 120
nuggets weighing 54.7 grams recovered generating a high-priority target.
• Follow-up field programme is planned to assess the area ahead of anticipated high-impact
drill testing of the target area.
• Viking is testing a 25km strike length of the Zuleika Shear Zone, which hosts Ora Banda
Mining’s (ASX:OBM) >1.3Moz Riverina/Mulline Camp just 4km to the west of the Riverina
Project and the 1.2Moz Davyhurst Camp 40km to the south.
Corporate
• Strong cash position of $2.08M as of 30 September 2025.
Viking Mines Limited (ASX:VKA) (“Viking” or “the Company”) is pleased to present its
quarterly activities report for the period ended 30 September 2025 (“September quarter”).
Key activities during the reporting period focused on exploration at the Company’s high-
priority Riverina East Project, Western Australia. Activities included the recovery of 9.84g of
gold nuggets at the Southern Structural Target, and the completion of the Phase 3 RC drilling
programme and a drone magnetic survey to refine future targeting along the 25km strike-
length of the Zuleika Shear Zone.
1
VKA ASX Announcement 31 July 2025 – VKA – Gold Nugget at Riverina East & Drilling Commenced
2
VKA ASX Announcement 21 November 2024 – Viking outlines gold drill targets at First Hit Project
3
VKA ASX Announcement 25 March 2022 – Viking Finds 4m at 5.1 g/t Au in Historic Data on New Tenure
4
VKA ASX Announcement 20 October 2025 – High priority area defined by extensive gold nuggets
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ASX:VKA | vikingmines.com
Commenting on the quarterly activities, Viking Mines Managing Director & CEO Julian
Woodcock said:
“This quarter highlighted the potential of our Riverina East Project. The recovery of multiple gold
nuggets at the Southern Structural Target was highly encouraging, reinforcing the significant
prospectivity of our high-priority drill areas and complementing our ongoing exploration.
“We are continuing to advance our targets along the highly prospective Zuleika Shear Zone with
a targeted follow-up field program planned to assess the nugget discovery area at the Southern
Structural Target ahead of drilling the newly identified and untested orientation.”
Figure 1: Map showing the location of Vikings extensive 100% controlled tenure and the position
of the Zuleika Shear and the regional associated gold deposits.5
5
See Appendix 2 for data source references
Riverina
East
Project
Riverina East
Project
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ASX:VKA | vikingmines.com
RIVERINA EAST PROJECT
Gold Nugget Finds1,4
Viking entered a prospecting agreement permitting a prospector to operate on our tenure.
During the quarter a field trip completed by the prospector recovered 9.84 grams of gold
nuggets from the Southern Structural Target (“SST”) over a ~310m x ~120m area.
The area is located ~300m to the North of historical drilling intercepts completed in the 1980’s
and 1990’s including results up to 4m at 5.1g/t Au3
, and 100m NW of untested highly
anomalous gold in auger results up to 98ppb2
(Figure 4). The recovery of multiple nuggets with
the largest being 3.37 grams (Figure 3) and with traces of quartz attached indicate a potential
proximal bedrock source of mineralisation.
Figure 2: Photo of all gold nuggets totalling 54.67g discovered by a prospector near the Southern Structural Target on
Viking’s Riverina East Project.
Subsequent to the quarter end, further prospecting was undertaken and the Company
recovered a significant rock sample with extensive coarse-grained disseminated gold
throughout (Figure 3)4
. The source of the gold is currently undetermined with analytical work
ongoing and expected to be completed in the December quarter. The objective is to ascertain
if it is representative of alluvial, supergene or primary mineralisation.
An additional 102 gold nuggets totalling 44.8 grams were recovered, bringing the total from
the area to 120 nuggets for 54.7 grams (Figure 2). A large nugget patch has now been
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ASX:VKA | vikingmines.com
established, measuring 600m x 500m. All the finds are located within the SST area, providing
a high priority target for follow up exploration (Figure 4).
The distribution of the nuggets is dominated by an east-west orientated trend which remains
open in both directions. This trend correlates with a break in the magnetic geophysics,
potentially representing an untested structure with gold hosting potential (Figure 4). Drilling
completed to date has been in an E-W orientation testing N-S striking structures and has not
been effective in testing this newly observed orientation.
There are multiple regional examples of narrow high-grade gold structures in similar
orientations, such as Gorilla Golds (ASX:GG8) Lakeview Prospect which is characterised by EW
and WNW-ESE trending lodes.
The Company intends to commence fieldwork including mapping, sampling and subsequent
drilling to test this alternate orientation, along with further prospecting to determine the
extents of the nugget patch.
Additional activity being evaluated includes higher resolution magnetics to improve the
structural interpretation of the target, and the use of close spaced geochemistry to better
define the orientation of the geochemical anomaly.
Figure 3: Rock specimen found containing abundant gold. Picture shows both sides of the specimen and close up
images of showing the gold occurring throughout the sample. Grade cannot be estimated from visual abundance.
Cautionary Statement: Visual estimates of mineral abundance should never be considered a
proxy or substitute for laboratory analyses where concentrations or grades are the factor of
principal economic interest. Visual estimates also potentially provide no information regarding
impurities or deleterious physical properties relevant to valuations.
PHASE 3 RC DRILLING
During the September quarter the Company completed the Phase 3 RC drilling programme.
A total of 33 holes for 4,576m were completed, split across the Bifrost South Target and the
Southern Structural target.
Subsequent to the quarter end, results from the drilling were reported4
.
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ASX:VKA | vikingmines.com
PHASE 3 RC DRILLING RESULTS
Bifrost South
As part of the phase 3 drilling programme, RC drill testing was completed at the Bifrost South
target with 10 holes for 1,725m drilled, targeting the strike and dip continuity from the
previously reported high grade results of 2m at 23.6g/t Au in hole VKRC0180.6
Drilling confirmed a continuous 240m long N-S oriented structure at the target horizon,
represented by quartz veining and alteration. Assay results confirmed the presence of a low
grade gold hosting structure which remains open to the North and South, however no
significant assays were received with the highest assay result being 1m at 1.7g/t Au in hole
VKRC0200.
From drilling completed to date, the structure has proven to be gold hosting and there remains
potential along strike to discover high-grade gold mineralisation. The Company will continue
to assess the target along with updated structural interpretation using the recently acquired
close spaced drone magnetic survey data.
Southern Structural Target
As part of the phase 3 drilling programme, 23 RC holes for 2,851m were completed at the
Southern Structural Target area, testing multiple discrete targets associated with geochemical
anomalies and historical drilling (Figure 4). No high-grade assays were received from the
drilling, however several anomalous gold intercepts were received with the highest value in
hole VKRC0223 returning 1m at 1.4g/t Au within a wider zone of 3m at 1.0g/t Au (Figure 4).
These results confirming the presence of bedrock gold across the target area and highlight
potential structures warranting further follow up.
Importantly, the orientation of all the drilling completed is oriented E-W, designed to test the
regional structural interpretation of N-S structures. In contrast, the dominant trend of the gold
nuggets found over a large 600m x 500m area is E-W oriented and correspond to notable
magnetic breaks in the magnetic geophysics data (Figure 4).
The Company believes that there is significant opportunity to follow up with further drilling to
test this alternate orientation, subsequent to further on ground mapping and sampling activity.
Drilling completed to date has not tested this dominant E-W trend of the nugget finds and the
apparent structure in the magnetics.
CORPORATE
The Company has a strong cash position of $2.08M as of 30 September 2025.
The Company’s cash position realised a net decrease of $0.55M over the June 2025 quarter
Appendix 5B cashflow report.
As set out in section 6 of the attached Appendix 5B, the Company made payments to related
parties of the entity of $198k in the quarter ending 30 September 2025.
6
VKA ASX Announcement 2 May 2025 – Viking Intersects High Grade Gold with Visible Gold in Riverina East Drilling
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ASX:VKA | vikingmines.com
Figure 4: Map showing location of nugget patch and ENE trend observed in the pattern of the nugget locations
representing a new drill target. Phase 3 drillhole collars shown.
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ASX:VKA | vikingmines.com
The Company advises that in accordance with the requirements of ASX Listing Rule 5.3, the
Company’s expenditure for the quarter predominantly related to:
• $356k: Exploration expenditure on the Company’s Projects, primarily relating to costs
associated with the Riverina East drilling programme(s).
• $241k: General corporate and administration costs, including full year audit fees.
• $195k: Director fees and staff costs.
Other than as set out in this report, the Company undertook no other substantive exploration,
mining production and development activities during the quarter.
DECEMBER QUARTER PLANNED ACTIVITIES
• Laboratory analysis of the rock sample containing extensive coarse-grained disseminated
gold with the objective of determining its provenance (alluvial, supergene or primary
mineralisation).
• Field mapping and sampling across the nugget patch area to identify any outcropping
mineralisation.
• Drill planning for the SST to test the E-W orientation defined from the dominant trend of
the nugget finds.
• Interpretation of the drone magnetic survey results.
• Geochemical data assessment and evaluation to determine benefit of infill auger drilling
to better define the anomaly at the SST.
• Further prospecting across the SST to define the limits of the nugget patch. (Currently
open to the north and south.)
CORPORATE OPPORTUNITIES
The Company continues to review and conduct due diligence on a vast array of mineral
acquisition opportunities, to complement the Company’s existing project portfolio, with the
objective of acquiring mature exploration assets with the potential to deliver long-term
shareholder returns. Should any of these acquisition opportunities progress the Company will
provide an update to the market.
-END-
This announcement has been authorised for release by the Board of the Company.
Julian Woodcock
Managing Director and CEO
Viking Mines Limited
For further information, please contact:
Viking Mines Limited
Michaela Stanton-Cook - Company Secretary
contact@vikingmines.com
Forward-Looking Statements
This document may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Viking Mines Limited’s
planned exploration program and other statements that are not historical facts. When used in this document, the words such as "could," "plan," "estimate,"
"expect," "intend," "may”, "potential," "should," and similar expressions are forward-looking statements. Although Viking Mines Limited believes that its
expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that
actual results will be consistent with these forward-looking statements.
Competent Persons Statement – Exploration Results
Information in this release that relates to Exploration Results is based on information compiled by Mr Julian Woodcock, who is a Member and of the Australian
Institute of Mining and Metallurgy (MAusIMM(CP) – 305446). Mr Woodcock is a full-time employee of Viking Mines Ltd. Mr Woodcock has sufficient experience
which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as
defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Woodcock consents to the
disclosure of the information in this report in the form and context in which it appears.
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ASX:VKA | vikingmines.com
Project
Licence
name
Location
License
type
Licence Holder/ JV
Partners i
Viking
Ownership/
Involvement
ii
Granted
To
Comments
Riverina
East
Project
M30/0091
Western
Australia
ML Red Dirt Mining Pty Ltd 100% 15 Mar 32
M30/0099 ML Red Dirt Mining Pty Ltd 100% 26 Dec 32
P30/1144 PL Red Dirt Mining Pty Ltd 100% 26 Feb 28
P30/1137 PL Red Dirt Mining Pty Ltd 100% 16 Jul 27
E29/1133 EL Viking Mines Ltd 100% 04 Jan 27
E30/0529 EL Viking Mines Ltd 100% 20 Feb 27
P29/2652 PL Viking Mines Ltd 100% 18 Oct 26
P30/1162 PL Viking Mines Ltd 100% 03 Dec 27
P30/1163 PL Viking Mines Ltd 100% 03 Dec 27
E29/1131 EL Viking Mines Ltd 100% 30 Apr 29
E30/0570 EL Viking Mines Ltd 100% Pending Under application
E30/0571 EL Viking Mines Ltd 100% Pending Under application
E30/505 EL Viking Mines Ltd 95% 06 Jun 29
E30/0517
EL
Baudin Resources Pty Ltd. 0% 29 Jul 25
Option over exclusive area
over part of the tenement
Canegrass
Project
P58/1943
Western
Australia
PL Viking Critical Minerals Pty Ltd 100% 28 Mar 27
P58/1942 PL Viking Critical Minerals Pty Ltd 100% 08 Oct 27
E58/0604 EL Viking Critical Minerals Pty Ltd 100% 25 Oct 28
E58/0619 EL Viking Critical Minerals Pty Ltd 100% 27 Oct 29
E58/0621 EL Viking Critical Minerals Pty Ltd 100% 03 Dec 29
E58/0635 EL Viking Critical Minerals Pty Ltd 100% 02 Sep 30
E58/0636 EL Viking Critical Minerals Pty Ltd 100% 02 Sep 30
E58/0641 EL Viking Critical Minerals Pty Ltd 100% Pending Under application
E59/2902 EL Viking Critical Minerals Pty Ltd 100% 19 Sep 29
E59/2950 EL Viking Critical Minerals Pty Ltd 100% Pending Under application
E58/0232
EL Viking Critical Minerals Pty Ltd/
Flinders Canegrass Pty Ltd
100% 28 Jul 25
E58/0236
EL Viking Critical Minerals Pty Ltd/
Flinders Canegrass Pty Ltd
100% 21 Mar 25
E58/0282
EL Viking Critical Minerals Pty Ltd/
Flinders Canegrass Pty Ltd
100% 02 May 25
E58/0520
EL Viking Critical Minerals Pty Ltd/
Flinders Canegrass Pty Ltd
100% 13 Sep 27
E58/0521
EL Viking Critical Minerals Pty Ltd/
Flinders Canegrass Pty Ltd
100% 13 Sep 27
E58/0522
EL Viking Critical Minerals Pty Ltd/
Flinders Canegrass Pty Ltd
100% 13 Sep 27
Narndee
Project
E59/2864
Western
Australia
EL Viking Mines Ltd 100% 03 Jan 29
E59/2865 EL Viking Mines Ltd 100% 31 Aug 30
E59/2866 EL Viking Mines Ltd 100% 03 Jan 29
E59/2867 EL Viking Mines Ltd 100% 03 Jan 29
APPENDIX 1 – TENEMENTS HELD OR WITH AN AGREEMENT TO ACQUIRE
AN EQUITY INTEREST AS AT 30 SEPTEMBER 2025
i) ML – Mining Licence, EL – Exploration Licence, PL – Prospecting Licence
ii) Red Dirt Mining Pty Ltd, Viking Critical Minerals Pty Ltd and Flinders Canegrass Pty Ltd are 100% owned subsidiaries of Viking Mines Ltd.
iii) Granted tenure unless otherwise stated.
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ASX:VKA | vikingmines.com
APPENDIX 2: DATA SOURCES FOR MINERAL RESOURCE ESTIMATES AND MINE
PRODUCTION REFERENCED ON MAP IN FIGURE 1.
Riverina-Mulline Camp
Historical production: 305koz Au5
Measured, Indicated & Inferred Mineral Resource: 854koz Au6
OBM Production (FY21-23): 170koz Au7,8,9
TOTAL: 1,333koz
Central Davyhurst Camp
Historical production: 811koz Au1
2024 Indicated & Inferred Mineral Resource: 396koz Au2
TOTAL: 1,207koz Au
Bullant
Historic Production: 354koz Au3
Measured, Indicated & Inferred Mineral Resource: 462koz Au4
TOTAL: 816koz
Kundana Camp
Historic Production to June 2020: 2.75Moz Au10
FY21 to FY24 Production: 291,853oz Au11,12,13,14
Current Ore Reserves: 464koz Au15
Frogs Leg Mineral Resources: 770koz Au16
TOTAL 4.28Moz
Mt Ida
Historical production: 290koz Au19
2024 Indicated & Inferred Mineral Resource: 752koz Au20
TOTAL: 1,042koz Au
Bottle Creek
Historic Production: 90koz Au17
Alt Resources Quarterly Report 30 June 2020 - JORC Resource & Reserve Table: 370koz Au17
TOTAL 460koz
Map Source References
1) https://orabandamining.com.au/projects/davyhurst/
2) https://orabandamining.com.au/download/annual-mineral-resource-and-ore-reserve-
statement/?wpdmdl=12926&refresh=6736d249d1fcd1731646025
3) https://www.miningnews.net/precious-metals/news/1233885/bullant-gold-packs-bite
4) https://nortongoldfields.com.au/bullant/
5) https://orabandamining.com.au/projects/davyhurst/
6) https://orabandamining.com.au/download/annual-mineral-resource-and-ore-reserve-
statement/?wpdmdl=12926&refresh=6736d249d1fcd1731646025
7) https://orabandamining.com.au/download/annual-report-for-the-year-ended-30-june-
2021/?wpdmdl=7200&refresh=6736e1d72a3a51731650007
8) https://orabandamining.com.au/download/annual-report-for-the-year-ended-30-june-
2022/?wpdmdl=8803&refresh=6736e1d71beab1731650007
9) https://orabandamining.com.au/download/annual-report-
2023/?wpdmdl=11152&refresh=6736e1d703e691731650007
10) https://randmining.com.au/projects/east-kundana-joint-venture/
11) https://app.sharelinktechnologies.com/announcement/asx/44dffa9bc8eaaa574af7cfda9564c595
12) https://app.sharelinktechnologies.com/announcement/asx/690381347ddb79dc8261b0f775636da7
13) https://app.sharelinktechnologies.com/announcement/asx/b13d0741e08843fb98f0e8c8be20eaaa
14) https://app.sharelinktechnologies.com/announcement/asx/00592059cc0f5c205e3eb6cfa25f3e4d
15) https://evolutionmining.com.au/storage/2024/02/2680687-Annual-Mineral-Resources-and-Ore-Reserves-
Statement.pdf
16) https://evolutionmining.com.au/storage/2015/08/01647903.pdf
17) https://www.asx.com.au/asxpdf/20171108/pdf/43p1pnwsv6kd3g.pdf
18) https://www.asx.com.au/asxpdf/20200814/pdf/44lj6rj9wqk8r0.pdf
19) https://en.wikipedia.org/wiki/Mount_Ida_Gold_Mine
20) https://deltalithium.com.au/our-projects/mt-ida-lithium-gold/
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
VIKING MINES LIMITED
ABN Quarter ended (“current quarter”)
38 126 200 280 30 SEPTEMBER 2025
Consolidated statement of cash flows Current quarter
$A’000
Year to date
(12 months)
$A’000
1. Cash flows from operating activities
42 42
1.1 Receipts from customers
1.2 Payments for
(356) (356)
(a) exploration & evaluation
(b) development
(c) production
(d) staff costs (195) (195)
(e) administration and corporate costs (241) (241)
1.3 Dividends received (see note 3)
1.4 Interest received 24 24
1.5 Interest and other costs of finance paid
1.6 Income taxes paid
1.7 Government grants and tax incentives 99 99
1.8 Other (provide details if material)
1.9 Net cash from / (used in) operating
activities
(627) (627)
2. Cash flows from investing activities
2.1 Payments to acquire or for:
(a) entities
(b) tenements (22) (22)
(c) property, plant and equipment
(d) exploration & evaluation
(e) investments
(f) other non-current assets
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
(12 months)
$A’000
2.2 Proceeds from the disposal of:
(a) entities
(b) tenements
(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
(22) (22)
3. Cash flows from financing activities
97 97
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
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
97 97
4. Net increase / (decrease) in cash and
cash equivalents for the period
4.1 Cash and cash equivalents at beginning of
period
2,629 2,629
4.2 Net cash from / (used in) operating
activities (item 1.9 above)
(627) (627)
4.3 Net cash from / (used in) investing activities
(item 2.6 above)
(22) (22)
4.4 Net cash from / (used in) financing activities
(item 3.10 above)
97 97
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
(12 months)
$A’000
4.5 Effect of movement in exchange rates on
cash held
(1) (1)
4.6 Cash and cash equivalents at end of
period
2,076 2,076
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 2,076 2,629
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)
2,076 2,629
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
198
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.
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.
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) (627)
8.2 (Payments for exploration & evaluation classified as investing
activities) (item 2.1(d))
(22)
8.3 Total relevant outgoings (item 8.1 + item 8.2) (650)
8.4 Cash and cash equivalents at quarter end (item 4.6) 2,076
8.5 Unused finance facilities available at quarter end (item 7.5) -
8.6 Total available funding (item 8.4 + item 8.5) 2,076
8.7 Estimated quarters of funding available (item 8.6 divided by
item 8.3)
3.19
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
Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
ASX Listing Rules Appendix 5B (17/07/20) Page 5
+ See chapter 19 of the ASX Listing Rules for defined terms.
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 October 2025
Authorised by: The Board
(Name of body or officer authorising release – see note 4)
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 Mineral Resources and AASB 107: Statement of Cash
Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting
standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.
3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities,
depending on the accounting policy of the entity.
4. If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”.
If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the
[name of board committee – eg Audit and Risk Committee]”. If it has been authorised for release to the market by a
disclosure committee, you can insert here: “By the Disclosure Committee”.
5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as
complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and
Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial
records of the entity have been properly maintained, that this report complies with the appropriate accounting standards
and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a
sound system of risk management and internal control which is operating effectively.
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