General Announcement::Quarterly Cash Flow Report for the Quarter Ended 31 December 2018

Issuer & Securities

Issuer/ Manager
Stapled Security

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
01-Feb-2019 07:20:33
Announcement Sub Title
Quarterly Cash Flow Report for the Quarter Ended 31 December 2018
Announcement Reference
Submitted By (Co./ Ind. Name)
Joanna Kiernan and Alexei Fedotov
Joint Company Secretaries
Description (Please provide a detailed description of the event in the box below)
Please see attached.

Variance Analysis

Alliance Mineral Assets Limited ( "Alliance" ) had in its 1QFY2019 results announcement released on 13 November 2018 projected A$31.3 million for development activities in the Bald Hill Mine during the quarter ended 31 December 2018. Such projection was based on Alliance s then budgeted cashflow prior to the implementation of the Merger between Alliance and Tawana Resources NL ( "Tawana" ) when each of Alliance and Lithco No. 2 Pty Ltd (a 100% owned subsidiary of Tawana) had an equal 50:50 legal and beneficial interest in the Bald Hill project and where each entity had budgeted for its respective capital expenditure contribution towards the project separately.

The Merger was implemented on 14 December 2018 following which, Tawana became a wholly-owned subsidiary of Alliance ( Merged Group ). 100% interest in the Bald Hill project is now held by the Merged Group. The actual use of funds for the quarter ended 31 December 2018 has been consolidated and presented at the Merged Group level and accordingly, a variance analysis between the actual and projected use of funds/cash for the quarter ended 31 December 2018 is not meaningful.

In accordance with SGX Catalist Rules, the Company will explain any material variances between the actual and projected use of funds in the relevant announcements going forward.

This announcement has been prepared by the Company and its content have been reviewed by the Company s Sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor" ), for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

The Sponsor has also not drawn on any specific technical expertise in the review of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Gillian Goh, Director, Head of Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and Email:


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