Announcement PDF Appendix 5B Mining exploration entity quarterly report Rule 5.3 Appendix 5B Mining exploration entity quarterly report Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10 Name of entity HASTINGS RARE METALS LIMITED ABN Quarter ended (“current quarter”) 43 122 911 399 30 SEPTEMBER 2015 Consolidated statement of cash flows Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 Current quarter $A’000 Year to date (3 months) $A’000 (a) exploration & evaluation (b) development (c) production (d) administration Dividends received Interest and other items of a similar nature received Interest and other costs of finance paid Income taxes paid Other R&D Tax offset (1,806) (1,806) (132) (132) 45 45 102 102 Net Operating Cash Flows (1,791) (1,791) (50) (50) (3) (3) (53) (53) (1,844) (1,844) Cash flows related to investing activities Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets Loans to other entities Loans repaid by other entities Other (provide details if material) Net investing cash flows Total operating and investing cash flows (carried forward) + See chapter 19 for defined terms. 17/12/2010 Appendix 5B Page 1 Appendix 5B Mining exploration entity quarterly report 1.13 1.14 1.15 1.16 1.17 1.18 1.19 Total operating and investing cash flows (brought forward) (1,844) (1,844) 7,639 7,639 5,795 5,795 Cash flows related to financing activities Proceeds from issues of shares, options, etc. Proceeds from sale of forfeited shares Proceeds from borrowings Repayment of borrowings Dividends paid Cost of capital Net financing cash flows Net increase (decrease) in cash held 1.20 1.21 Cash at beginning of quarter/year to date Exchange rate adjustments to item 1.20 1.22 Cash at end of quarter 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 1.24 Aggregate amount of loans to the parties included in item 1.10 1.25 Explanation necessary for an understanding of the transactions 77 Payments of directors’ fees and consultancy fees to directors and director related entities. 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 + See chapter 19 for defined terms. Appendix 5B Page 2 17/12/2010 Appendix 5B Mining exploration entity quarterly report Financing facilities available Add notes as necessary for an understanding of the position. Amount available $A’000 3.1 Loan facilities 3.2 Credit standby arrangements Amount used $A’000 Estimated cash outflows for next quarter $A’000 1,000 4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration 180 Total 1,180 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 1,295 689 5.2 Deposits at call 4,500 6,950 5.3 Bank overdraft 5.4 Other (provide details) 5,795 7,639 Total: cash at end of quarter (item 1.22) Changes in interests in mining tenements Tenement reference 6.1 6.2 Interests in mining tenements relinquished, reduced or lapsed Interests in mining tenements acquired or increased + See chapter 19 for defined terms. 17/12/2010 Appendix 5B Page 3 Nature of interest (note (2)) Interest at beginning of quarter Interest at end of quarter Appendix 5B Mining exploration entity quarterly report 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 7.1 7.2 7.3 7.4 7.5 7.6 7.7 Preference +securities (description) Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buybacks, redemptions +Ordinary securities Changes during quarter (a) Increases through Issues (b) Decreases through returns of capital, buybacks +Convertible debt securities (description) Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted Options (description and conversion factor) 7.8 7.9 7.10 Issued during quarter Exercised during quarter Expired/Cancelled during quarter 7.11 Debentures (totals only) Unsecured notes (totals only) 7.12 Number quoted - - Issue price per security (see note 3) (cents) - - - - - 383,959,771 383,959,771 - - - - - - - - - - - - - - Exercise price Expiry date Amount paid up per security (see note 3) (cents) - 18,000,000 Nil 6 cents 30 November 2016 - - - - - - - - Performance Rights Performance rights on issue: Directors performance rights – 9,000,000 Employee contractor performance rights – 1,000,000 The performance period in respect of 9,500,000 rights is two years commencing 1 July 2015. The performance hurdles are a) completion of a pre-feasibility study on one of the Company’s projects and b) completion of capital raising during the term of the performance rights of at least $7 million. The performance rights will vest as to 50% if the share price exceeds 9.75 cents, 75% if the share price exceeds 11.375 cents and 100% if the share price exceeds 13 cents. The vesting 500,000 performance rights relates to the achievement of set objectives. + See chapter 19 for defined terms. Appendix 5B Page 4 17/12/2010 Appendix 5B Mining exploration entity quarterly report Compliance statement 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5). 2 This statement does give a true and fair view of the matters disclosed. Sign here: Date: 28 October 2015 Company Secretary Print name: Guy Robertson 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 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. 5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting 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. == == == == == + See chapter 19 for defined terms. 17/12/2010 Appendix 5B Page 5