Announcement PDF Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report +Rule 5.5 Appendix 5B Mining exploration entity and oil and gas 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, 01/05/13, 01/09/16 Name of entity Estrella Resources Limited and its Controlled Entities ABN Quarter ended (“current quarter”) 39 151 155 207 30 June 2018 Consolidated statement of cash flows 1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for Current quarter $A’000 Year to date (12 months) $A’000 - - (343) (1,709) (b) development - - (c) production - - (d) staff costs - - (156) (579) (a) exploration & evaluation (e) administration and corporate costs 1.3 Dividends received (see note 3) - - 1.4 Interest received 1 6 1.5 Interest and other costs of finance paid - - 1.6 Income taxes paid - - 1.7 Research and development refunds - - 1.8 Other (provide details if material) - - 1.9 Net cash from / (used in) operating activities (498) (2,282) 2. Cash flows from investing activities 2.1 Payments to acquire: (a) property, plant and equipment - - (b) tenements (see item 10) - (110) (c) investments - - (d) other non-current assets - - + See chapter 19 for defined terms 1 September 2016 Page 1 Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report Consolidated statement of cash flows 2.2 Current quarter $A’000 Year to date (12 months) $A’000 Proceeds from the disposal of: (a) property, plant and equipment - - (b) tenements (see item 10) - - (c) investments - - (d) other non-current assets - - 2.3 Cash flows from loans to other entities - 107 2.4 Dividends received (see note 3) - - 2.5 Other – Deposit to acquire tenements - (176) Other – Cash acquired on acquisition of subsidiary - 3 Other – Proceeds from sale of subsidiary 700 728 2.6 Net cash from / (used in) investing activities 700 552 3. Cash flows from financing activities 3.1 Proceeds from issues of shares - 1,360 3.2 Proceeds from issue of convertible notes - - 3.3 Proceeds from exercise of share options - - 3.4 Transaction costs related to issues of shares, convertible notes or options - (90) 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 - 1,270 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 242 904 Net cash from / (used in) operating activities (item 1.9 above) (498) (2,282) 4.2 4.3 Net cash from / (used in) investing activities (item 2.6 above) 700 552 4.4 Net cash from / (used in) financing activities (item 3.10 above) - 1,270 + See chapter 19 for defined terms 1 September 2016 Page 2 Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report Consolidated statement of cash flows Current quarter $A’000 4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period 444 5. Reconciliation of cash and cash equivalents Current quarter $A’000 Year to date (12 months) $A’000 - 444 Previous quarter $A’000 at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts 5.1 Bank balances 444 242 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) 444 242 6. Payments to directors of the entity and their associates 6.1 Aggregate amount of payments to these parties included in item 1.2 65 6.2 Aggregate amount of cash flow from loans to these parties included in item 2.3 - 6.3 Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2 Current quarter $A'000 Includes director’s fees and company secretarial / accounting fees for the quarter. Current quarter $A'000 7. Payments to related entities of the entity and their associates 7.1 Aggregate amount of payments to these parties included in item 1.2 - 7.2 Aggregate amount of cash flow from loans to these parties included in item 2.3 - 7.3 Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2 + See chapter 19 for defined terms 1 September 2016 Page 3 Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report 8. Financing facilities available Add notes as necessary for an understanding of the position Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000 8.1 Loan facilities - - 8.2 Credit standby arrangements - - 8.3 Other (please specify) - - 8.4 Include below a description of each facility above, including the lender, interest rate and whether it is secured or unsecured. If any additional facilities have been entered into or are proposed to be entered into after quarter end, include details of those facilities as well. 9. Estimated cash outflows for next quarter 9.1 Exploration and evaluation 9.2 Development - 9.3 Production - 9.4 Staff costs - 9.5 Administration and corporate costs 200 9.6 Other (provide details if material) - 9.7 Total estimated cash outflows 320* $A’000 120 * Subsequent to quarter end the Company announced its intention to lodge a Prospectus for a loyalty option entitlement issue of one (1) Option for every three (3) shares held to eligible shareholders (“Option Issue”). The Company expects to raise funds of approximately $157,294 (before costs) from the Option Issue. + See chapter 19 for defined terms 1 September 2016 Page 4 Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report 10. Changes in tenements (items 2.1(b) and 2.2(b) above) Tenement reference and location Nature of interest Interest at beginning of quarter Interest at end of quarter 10.1 Interests in mining tenements and petroleum tenements lapsed, relinquished or reduced Mt Edwards Lithium Project: - M15/698 - M15/75 - M15/699 - M15/87 - M15/74 - M15/101 - M15/99 - M15/653 - M15/97 - M15/96 - M15/102 - M15/100 - M15/1271 - E15/1505 75% in the lithium rights of the tenements noted 75% - 10.2 Interests in mining tenements and petroleum tenements acquired or increased Carr Boyd Nickel Project: - E29/1012 - E29/0982 - L24/0186 - E31/0726 - E31/1124 - M31/0012 - M31/0109 - M31/0159 - E31/1162 Direct 0% 100% 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. Sign here: Date: 24 July 2018 David McEntaggart (Company Secretary) + See chapter 19 for defined terms 1 September 2016 Page 5 Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report 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 that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report. 2. If this quarterly 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 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. + See chapter 19 for defined terms 1 September 2016 Page 6