31 March 2016 - Quarterly Activities Report

 

APPENDIX 1: HARVEST MINERALS TENEMENT SCHEDULE

 

Tenement	Location	Interest at Beginning of Quarter	Interest at End of Quarter	Acquired During the Quarter	Disposed of During the Quarter
Capela Potash Project 878.103/2008 878.104/2008 878.105/2008 878.106/2008 878.107/2008 878.108/2008	Brazil	51%	51%	-	-
Arapua Fertilizer Project 831.787/2007 832.447/2009 832.448/2009 832.451/2009 831.144/2010 831.145/2010 831.146/2010 831.275/2010	Brazil	100%	100%	-	-
Sergi Potash Project 878.109/2008 878.110/2008 878.111/2008 878.045/2009	Brazil	100%	100%	-	-
Mandacaru Project 800.122/2015 800.651/2015	Brazil	100%	100%	-	-

 

 

Summary of Exploration and Evaluation Expenditure Incurred per Project:

 

Project	Current Quarter Payments $A'000
Capela Project	12
Arapua Fertilizer Project	264
Sergi Potash Project	11
Total	287

 

 

 

 

 

 

 

 

Appendix 5B

 

Mining exploration entity quarterly report

 

Name of entity

Harvest Minerals Limited

 

ABN		Quarter ended ("current quarter")
12 143 303 388		31 March 2016

 

Consolidated statement of cash flows

Cash flows related to operating activities		Current quarter $A'000	Year to date 9 Months $A'000
1.1	Receipts from product sales and related debtors
1.2	Payments for         (a) exploration and evaluation (b)  development (c)  production (d)  administration	(287)     (556)	(582)     (1,940)
1.3	Dividends received
1.4	Interest and other items of a similar nature received	1	5
1.5	Interest and other costs of finance paid
1.6	Income taxes paid
1.7	Other
	Net Operating Cash Flows	(842)	(2,517)
	Cash flows related to investing activities
1.8	Payment for purchases of:    (a)prospects (b)equity investments (c) other fixed assets
1.9	Proceeds from sale of:           (a)prospects (b)equity investments (c)other fixed assets
1.10	Loans to other entities
1.11	Loans repaid by other entities
1.12	Other (provide details if material)
	Net investing cash flows	-	-
1.13	Total operating and investing cash flows (carried forward)	(842)	(2,517)

 

 

1.13	Total operating and investing cash flows (brought  forward)	(842)	(2,517)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc. net of costs	877	5,228
1.15	Proceeds from sale of forfeited shares
1.16	Proceeds from borrowings
1.17	Repayment of borrowings
1.18	Dividends paid
1.19	Other (provide details if material) -       Fundraising (costs)	(102)	(399)
	Net financing cash flows	775	4,829
	Net increase (decrease) in cash held	(67)	2,312
1.20	Cash at beginning of quarter/year to date	3,910	1,538
1.21	Exchange rate adjustments to item 1.20	(215)	(222)
1.22	Cash at end of quarter	3,628	3,628

 

Payments to directors of the entity and associates of the directors

Payments to related entities of the entity and associates of the related entities

		Current quarter $A'000
1.23	Aggregate amount of payments to the parties included in item 1.2	$198k
1.24	Aggregate amount of loans to the parties included in item 1.10	-
1.25	Explanation necessary for an understanding of the transactions
	Payment for Directors consulting fees and Directors fees - $171k Payments for serviced office, accounting and administrative services in Brazil - $27k

 

Non-cash financing and investing activities

2.1	Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
	-

 

2.2	Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest
	-

 

 

 

 

 

Financing facilities available

Add notes as necessary for an understanding of the position.

 

		Amount available $A'000	Amount used $A'000
3.1	Loan facilities
3.2	Credit standby arrangements

 

Estimated cash outflows for next quarter

		$A'000
4.1	Exploration and evaluation	290
4.2	Development	-
4.3	Production	-
4.4	Administration	550
	Total	840

 

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.		Current quarter $A'000	Previous quarter $A'000
5.1	Cash on hand and at bank	3,628	3,910
5.2	Deposits at call	-	-
5.3	Bank overdraft	-	-
5.4	Other (provide details)	-	-
	Total: cash at end of quarter (item 1.22)	3,628	3,910

 

Changes in interests in mining tenements

 

		Tenement reference	Nature of interest (note (2))	Interest at beginning of quarter	Interest at end of quarter
6.1	Interests in mining tenements relinquished, reduced or lapsed
6.2	Interests in mining tenements acquired or increased

      

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

 

		Total number	Number quoted	Issue price per security (see note 3) (cents)	Amount paid up per security (see note 3) (cents)
7.1	Preference +securities  (description)
7.2	Changes during quarter (a)  Increases through issues (b)  Decreases through returns of capital, buy-backs, redemptions
7.3	+Ordinary securities	93,991,202	93,991,202
7.4	Changes during quarter (a)  Increases through issues:   -       Part consideration for the purchase of Sergi Project   -       Issue as approved at the General Meeting held on 12/01/16   -       Issue to correct rounding on UK register for capital consolidation   (b)  Decreases through returns of capital, buy-backs:	6,000,000       5,642,000         100,009	6,000,000       5,642,000         100,009
7.5	+Convertible debt securities (description)
7.6	Changes during quarter (a)  Increases through issues:  (b)  Decreases through securities matured, converted
7.7	Options    Unlisted	15,862,000   951,720		Exercise price   8.8 pence   7.5 pence	Expiry date   31 May 2017   18 December 2020
7.8	Issued during quarter: -       Unlisted	2,821,000		8.8 pence	31 May 2017
7.9	Exercised during quarter
7.10	Expired during quarter:
7.11	Debentures (totals only)
7.12	Unsecured notes (totals only)

 

 

Compliance statement

 

1          This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act.

 

2          This statement does give a true and fair view of the matters disclosed.

 

 

 

Sign here:         ...Jonathan Hart.........................................       Date: 19 April 2016

(Company Secretary)

 

 

Notes

 

1          The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position.  An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

 

2          The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period.  If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

 

3          Issued and quoted securities  The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities.

 

4          The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.

 

5          Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities.  If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

 

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