The ASX Appendix 5B attached to this report contains the Company’s cash flow statement for the
quarter. The significant cash flows for the period were:
•
Exploration and evaluation expenditure of A$
13.7m
primarily
relat
ing
to Icewine#2
operations
and lease rental payments to the S
tate of Alaska;
•
Payments to the Bank of America in relation to the debt facility totalled A$0.6
m (US$0.5m)
;
•
Administration and other operating costs A$1.0
m (
March
2017
of A$0.9m); and
•
Proceeds from issue of shares
resulting from the conversion of options and warrants totalled
A$
0.5m.
At the end of the quarter, the Company had cash reserves of A$31.6
m, including cash balances
held in Joint Venture bank accounts
.