Announcement PDF December 2024 Quarterly Activities Report New phase of drilling completed at Durnings Copper-Gold Prospect in the Lachlan Fold Belt; Initial drilling completed at Yarindury; Preparations completed for drilling at Mabel Creek, South Australia in Q1 2025 Highlights: Lachlan Copper-Gold Project, NSW • Phase of Reverse Circulation (RC) and diamond drilling completed, comprising 6 holes for 2,540m at Durnings. • All holes have all intersected the target zones. • Assay results pending Yarindury Project, NSW • First diamond hole completed, with further surface geophysics planned to refine locations of follow-up drill-holes. Mabel Creek IOCG Project, SA • Large, near coincident gravity and magnetic targets identified. • Initial Mud Rotary and diamond drilling program scheduled to commence in February 2025, subject to South Australian Department of Exploration and Mining approval. • Initial program will test four priority targets along the interpreted position of the controlling structure. Corporate • Royalty cash receipts from the Wonmunna Iron Ore Project of $2.06 million received for the quarter. • Talisman remains well-funded with cash on hand at 31 December of $5.596 million Lachlan Copper-Gold Project, NSW The 100%-owned Lachlan Project spans the Canbelego-Mineral Hill Volcanic Belt between Cobar and Condobolin in NSW and is prospective for large scale porphyry copper-gold and VMS style copperlead-zinc-silver deposits (see Figure 1). Talisman has identified several highly prospective targets within the project including Durnings, Durnings East and Rip n Tear. Durnings The Durnings Prospect is located approximately 25km north of Condobolin and 35km south-east of the Rip N Tear discovery within the Lachlan Project area (see Figure 1). Durnings is a lightly explored project defined by strongly anomalous base metal soil geochemistry and contains two large, coherent conductive GAIP anomalies located along strike from and to the east of previous RC drilling results returned from earlier exploration by Talisman Mining (see ASX announcement 15 May 2023). The prospect is situated within a complex structural setting associated with NNW trending faults interpreted to be part of the Mineral Hill Fault Zone, which provides a pathway for mineralised fluids to move upwards from deeper local granite intrusions. Figure 1 – Durnings Prospect location plan highlighting prospect locations along the Eastern Cobar Basin. Highgrade base metals and copper-gold deposits in the belt include CSA, Peak, Hera, Federation and Mineral Hill. Other Talisman tenure in the area (to the east and south-east of Cobar and north of Condoblin) is also shown. Talisman recently completed a new phase of exploration, comprising 2,540m of Reverse Circulation (RC) and diamond drilling at its Durnings Prospect. The drilling program is designed to follow up significant high-grade base metal and copper-gold intersections generated in earlier drilling programs. The program commenced in mid-October and was completed in the first week of January following the Xmas New Year break Step-out drilling, including drill holes DRDD0025, DRDD0026, DRRCD0027, DRRCD0028, DRDD0029 and DRDD0030, initially at Durnings South, is targeting extensions of previous high-grade intersections including: Durnings South1,2 • 6m at 10.3% Pb, 3.5% Zn, 126g/t Ag, 0.4% Cu and 1.93g/t Au from 274m to 280m • 7.4m at 6.7% Pb, 2.9% Zn, 137g/t Ag, 0.2% Cu, and 0.24g/t Au from 218.8m to 226.2m including: o 1.7m at 26.5% Pb, 7.8% Zn, 558g/t Ag, 0.7% Cu, and 0.81g/t Au from 224.5m to 226.2m containing 1.1m of massive sulphide 1 ASX: TLM -11 January 2024, 27 March & 29 April 2024 2 ASX: TLM - 7 June 2024 and ASX: TLM - 20 November 2024 • 28.3m at 4.03g/t Au, 0.9% Cu, 3.8% Pb, 0.7% Zn, 26.5g/t Ag from 370.5m to 398.8m downhole, including: o 10.0m at 7.94g/t Au, 1.0% Cu, 9.9% Pb, 1.5% Zn, 61.3g/t Ag from 374m In the recently completed program, a total of six diamond drill-holes successfully intersected the target mineralised trend, as predicted from down-hole geophysics models. These target mineralised trends are coincident with broad geophysical signatures which reinforce geological interpretations of the orientation of the mineralisation. Refer to Figure 2 for drill-hole collar locations relative to Offset Pole Dipole IP chargeability image. Figure 2: Durnings Prospect showing Offset PDIP Survey chargeability at 260m below surface. The margins of the chargeability high in the image correspond to the position of the targeted Mineralised Trends at North and South Durnings. Note the position of drill holes DRDD0025, DRDD0026, DRRCD0027, DRRCD0028, DRDD0029 and DRDD0030 drilled to test the mineralisation perpendicular to the trend interpreted from geophysics.2 Yarindury Porphyry Copper-Gold Project, NSW EL 9679, named the “Yarindury Project”, is located 30km east of Dubbo in the Macquarie Volcanic Arc of central-western NSW (Figure 3). Yarindury contains a number of porphyry-style magnetic targets with confirmed prospective geology and copper-gold anomalism. The Yarindury Project lies in the same highly prospective geological and mineralised belt as Alkane Resources’ (ASX: ALK) Boda-Kaiser Project (located 20km to the south-east), which currently contains a Mineral Resource of 8.3Moz of contained gold and 1.5Mt of contained copper3,3. In addition, Yarindury displays rock units and geophysical anomalies similar to Newmont’s (NYSE: NEM) Cadia deposit (located 100km to the south), one of Australia’s largest gold and copper mining operations with Ore Reserves of 17Moz of gold and 3.6Mt of copper4,5. Talisman commenced its maiden exploration program at Yarindury on 30 September testing buried, large-scale geophysical anomalies. The first diamond drill-hole, YRMRDD0001, has been completed to a depth of 562.7m. The hole intersected the overlying Surat Basin sediments for its entire length before being terminated, indicating that the underlying basement rocks containing the magnetic anomaly target lies deeper. Talisman is planning further geophysical surveys across the project area to establish the expected depth to basement before undertaking further exploration planning and drilling. The additional geophysical survey is scheduled to be undertaken in the June 2025 Quarter. The location of the Yarindury Project and drill-hole location are shown in Figures 3 and 4. 3 See ALK ASX Announcements dated 14 December 2023 and 29 April 2024. 4 https://operations.newmont.com/australia/cadia The existence, size and grade of the Mineral Resource Estimates at Boda/Kaiser and Ore Reserve estimate at Cadia does not guarantee that such deposits are discoverable at the Yarindury project and TLM has not done sufficient work yet in order to be able to classify its own MRE at the project. 5 Figure 3: Yarindury Prospect location plan highlighting prospect locations along the Molong Volcanic Belt. Porphyry copper-gold deposits in the belt include Cadia-Ridgeway, Copper Hill, Junction Reefs and Boda-Kaiser. Other Talisman tenure in the area (to the north, south and east of Parkes in the Junee Narromine Volcanic Belt) is also shown. Figure 4: Yarindury target over processed magnetics image. Gravity contours are illustrated in white lines. TLM drill-hole YRMRDD0001 location indicated. The 2.0km diameter strong magnetic feature along the western margin of the Molong Volcanic Belt is the primary target. Historical drill-hole, GCYAR001 (blue circle) did not penetrate the overlying barren sediments. Mabel Creek IOCG Project, South Australia Talisman acquired 100% ownership of the Mabel Creek IOCG Project in June 2023, providing ownership of a significant land package approximately 30km west of Coober Pedy. The land package covers 1,048km2 of strategic tenure (Figure 5) and spans a major deep-seated east-west trending fault system which is interpreted to host multiple intrusive lithologies, including the Hiltaba Granite Suite within the Gawler Craton. The region is prospective for large-scale Iron Oxide Copper-Gold (IOCG) discoveries and hosts numerous world-class deposits such as Olympic Dam, Carrapateena and Prominent Hill as well as significant recent discoveries such as Oak Dam and Emmie Bluff. Figure 5 – Mabel Creek location plan highlighting prospect locations along the Gawler Craton IOCG belt. Talisman has recently completed a detailed gravity survey aimed at identifying coincident magnetic and gravity features located adjacent to district-scale faults and intrusions that may indicate prospective IOCG targets. Talisman’s geophysical consultants, Mitre Geophysics, have reprocessed 2008-2009 Geological Survey of South Australia seismic reflection data which crosses the Mabel Creek tenure and combined with Talisman’s recent detailed gravity survey, identified several strong near coincident gravity and magnetic anomalies which lie within interpreted Mesoproterozoic(?) volcanic rocks below the barren cover that is encountered almost everywhere in the district. Coincident gravity and magnetic features are considered classical markers of IOCG mineralised positions throughout the district. Similar features are seen at and led to the discovery of the Prominent Hill IOCG deposit approximately 100km to the south-east of Mabel Creek. The prospective geophysical features span a 13km long zone which contain several distinct gravity and magnetic anomalies to the north of the interpreted large, E-W oriented structure (see Figure 6 and Figure 7). Talisman is currently preparing for an initial Mud Rotary and Diamond drilling program scheduled to commence in February subject to Soth Australian Department of Exploration and Mining approval and heritage survey enabled access for drilling at the project. The initial program will test four (4) priority targets along the interpreted position of the fault. Several other gravity targets have been identified in the project area and will be drill tested if the initial drill program is successful. Figure 6: Mabel Creek tenure with inserted processed gravity target images. Targets P1 to P4 sit adjacent to the E-W oriented faulting. Figure 7: Mabel Creek tenure on a TMI VRTP magnetic image. Targets P1 to P4 sit adjacent to the E-W oriented faulting Corporate Iron Ore Royalty During the quarter, Talisman received $2.06 million in royalty payments from iron ore sales that occurred between 1 September 2024 and 30 November 2024 from Wonmunna Iron Ore Pty Ltd (Wonmunna), a wholly owned subsidiary of Mineral Resources Limited (ASX: MIN, MRL), the owner and operator of the Wonmunna Iron Ore Mine (WIOM) in the Pilbara region of Western Australia. The iron ore royalty receipts for the current quarter reflects the impact of moderating global iron ore pricing on WIOM sales made during the quarter offset by increased shipping volumes from Wonmunna. Based on the FY25 production guidance provided by Mineral Resources for its Pilbara Hub of 9.010.0Mt (wet), Talisman believes Wonmunna sourced shipments are likely to be maintained at approximately 50% of Pilbara Hub production. Since the commencement of iron ore production at the WIOM in March 2021, total royalty payments of $27.6 million have been received by Talisman as at the date of this announcement. New Project Opportunities The Company continued to review potential growth opportunities in Australia and elsewhere. Talisman continues to adopt a judicious approach to the review of all growth opportunities to ensure only value-accretive transactions that have the potential to create long-term shareholder value are pursued. Cash Balance At 31 December 2024, Talisman had $5.6 million cash available for its operating and investing activities. Expenditure on mining exploration activities In accordance with ASX Listing Rule 5.3.1, the Company advises its exploration and evaluation expenditure during the December 2024 quarter totalled $1.7 million. This amount is included at Item 1.2(a) of the Appendix 5B and relates to activities undertaken on the Company’s Lachlan CopperGold, Yarindury Copper-Gold and Mabel Creek IOCG Projects. Expenditure during the quarter included RC drilling, diamond drilling, assaying, geophysical surveying, geological mapping activities, tenement management, and exploration activity planning. Payments to related parties of the entity and their associates In accordance with Section 6.1 of the December 2024 Quarter Appendix 5B, Talisman provides the following in relation to payments made during the quarter to related parties: Description $A’000 Explanation Directors Fees 161 Short term and post-employment benefits paid to non-executive directors. –– Ends –– For further information, please contact: Andrew Munckton - Managing Director +61 4 3563 5598 Nicholas Read (Media inquiries) +61 4199 29046 This release has been authorised by the Board of Talisman Mining Limited. About Talisman Mining Talisman Mining Limited (ASX: TLM) is an Australian mineral development and exploration company. The Company’s aim is to maximise shareholder value through exploration, discovery and development of complementary opportunities in base and precious metals. Talisman has secured tenements in the Cobar/Mineral Hill region in Central NSW through the grant of its own Exploration Licenses and through a joint venture agreement. The Cobar/Mineral Hill region is a richly mineralised district that hosts several base and precious metal mines including the CSA, Tritton, and Hera/Nymagee mines. This region contains highly prospective geology that has produced many long-life, high-grade mineral discoveries. Talisman has identified several areas within its Lachlan Cu-Au Project tenements that show evidence of base and precious metals endowment which have had very little modern systematic exploration completed to date. Talisman believes there is significant potential for the discovery of substantial base metals and gold mineralisation within this land package and is undertaking active exploration to test a number of these targets. Talisman also has secured access to over 1000 km2 of highly prospective tenure in South Australia’s Gawler Craton known as the Mabel Creek Project. Mabel Creek is prospective for large scale Iron Oxide Copper Gold (IOCG) deposits and intrusion related rare earths and battery metals mineralisation. Mable Creek is surrounded by similar tenure owned and being actively explored by Australia’s biggest resource companies including BHP, Rio Tinto and FMG. Competent Person’s Statement Information in this announcement that relates to Exploration Results and Exploration Targets is based on and fairly represents information and supporting documentation compiled by Dr Tim Sharp, who is a member of the Australasian Institute of Geoscientists. Dr Sharp is a full-time employee of Talisman Mining Ltd and has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr Sharp has reviewed the contents of this announcement and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which they appear. Forward-Looking Statements This ASX release may include forward-looking statements. These forward-looking statements are not historical facts but rather are based on Talisman Mining Ltd.’s current expectations, estimates and assumptions about the industry in which Talisman Mining Ltd operates, and beliefs and assumptions regarding Talisman Mining Ltd.’s future performance. Words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “potential” and similar expressions are intended to identify forward-looking statements. Forwardlooking statements are only predictions and are not guaranteed, and they are subject to known and unknown risks, uncertainties, and assumptions, some of which are outside the control of Talisman Mining Ltd. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forwardlooking statements in this announcement speak only at the date of issue of this announcement. Subject to any continuing obligations under applicable law and the ASX Listing Rules, Talisman Mining Ltd does not undertake any obligation to update or revise any information or any of the forward-looking statements in this announcement or any changes in events, conditions, or circumstances on which any such forward looking statement is based. Appendix 1 Talisman Tenement Holdings Project/ Tenement Location and Blocks (Area) Interest at Beginning of Quarter Interest at End of Quarter Acquired during Quarter Surrendered during Quarter Joint Venture Partner EL8615 (356km2) 100% 100% - - EL8659 (373km2) 100% 100% - - EL8677 2 (193km ) 100% 100% - EL8414 2 (174km ) 89% 89% - - Peel Mining Ltd EL8547 (205km2) 100% 100% - - N/A EL8571 2 (258km ) 100% 100% - - EL8658 2 (256km ) 100% 100% - - EL8680 (20km2) 100% 100% - - EL8719 2 (191km ) 100% 100% - - EL9298 2 (440km ) 100% 100% - - EL9299 (199km2) 100% 100% - - EL9302 2 (108km ) 100% 100% - - EL9306 2 (103km ) 100% 100% - - EL9315 (108km2) 100% 100% - - EL9379 (878km2) 100% 100% - - EL9462 (6km ) 100% 100% - - ELVIS PROJECT 2 New South Wales EL8977 (463km2) 100% 100% - - EL9395 (75km ) 100% 100% - - EL9396 (229km ) 100% 100% - - HILLSTON PROJECT N/A 2 2 N/A New South Wales EL8907 (372km2) 100% 100% - - EL9394 (399km ) 100% 100% - - N/A 0% - Surrendered N/A 51% - - DANDALOO PROJECT EL9324 LUCKNOW PROJECT EL6455 2 New South Wales (474km2) 100% New South Wales (29km2) 51% Lucknow Gold Ltd MACQUARIE PROJECT New South Wales EL9630 (356km2) 100% 100% - - EL9678 (343km2) 100% 100% - - EL9679 2 (180km ) 100% 100% - - EL 9701 2 (227km ) 100% 100% - - EL 9702 (317km2) 100% 100% - - MABEL CREEK PROJECT N/A South Australia EL6619 (519km2) 100% 100% - - EL6620 (319km2) 100% 100% - - EL6627 (210km ) 100% 100% - - 2 N/A Rule 5.5 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity Talisman Mining Limited ABN Quarter ended (“current quarter”) 71 079 536 495 31 December 2024 Consolidated statement of cash flows Current quarter $A’000 Year to date (6 months) $A’000 - - (1,688) (3,278) (b) development - - (c) production - - (d) staff costs (209) (585) (e) administration and corporate costs (196) (493) 1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for (a) exploration & evaluation 1.3 Dividends received (see note 3) - - 1.4 Interest received 50 101 1.5 Interest and other costs of finance paid (1) (3) 1.6 Income taxes paid - - 1.7 Government grants and tax incentives - 1.8 Other (Wonmunna Iron Ore Royalties) 2,060 1.9 Net cash from / (used in) operating activities 16 2. Cash flows from investing activities 2.1 Payments to acquire or for: 5,363 1,105 (a) entities - - (b) tenements - - (73) (73) (d) exploration & evaluation - - (e) investments - - (f) - - (c) property, plant and equipment other non-current assets ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 1 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Current quarter $A’000 Year to date (6 months) $A’000 (a) entities - - (b) tenements - - (c) property, plant and equipment - - (d) investments - - (e) other non-current assets - - 2.3 Cash flows from loans to other entities - - 2.4 Dividends received (see note 3) - - 2.5 Other - Tenement security deposit (payments) / refunds (149) (335) 2.6 Net cash from / (used in) investing activities (222) (408) 3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) - - 3.2 Proceeds from issue of convertible debt securities - - 3.3 Proceeds from exercise of options - - 3.4 Transaction costs related to issues of equity securities or convertible debt securities - - 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 (ROU Lease Repayments) (16) (33) 03.1 0 Net cash from / (used in) financing activities (16) (33) 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 5,818 4,932 4.2 Net cash from / (used in) operating activities (item 1.9 above) 16 1,105 4.3 Net cash from / (used in) investing activities (item 2.6 above) (222) (408) 4.4 Net cash from / (used in) financing activities (item 3.10 above) (16) (33) Consolidated statement of cash flows 2.2 Proceeds from the disposal of: ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 2 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Consolidated statement of cash flows Current quarter $A’000 Year to date (6 months) $A’000 4.5 Effect of movement in exchange rates on cash held - - 4.6 Cash and cash equivalents at end of period 5,596 5,596 5. Reconciliation of cash and cash equivalents Current quarter $A’000 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 1,956 2,178 5.2 Call deposits 3,640 3,640 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) 5,596 5,818 6. Payments to related parties of the entity and their associates Current quarter $A'000 6.1 Aggregate amount of payments to related parties and their associates included in item 1 161 6.2 Aggregate amount of payments to related parties and their associates included in item 2 - Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments. ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 3 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report 7. Financing facilities Note: the term “facility’ includes all forms of financing arrangements available to the entity. Add notes as necessary for an understanding of the sources of finance available to the entity. Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000 7.1 Loan facilities - - 7.2 Credit standby arrangements - - 7.3 Other (please specify) - - 7.4 Total financing facilities - - 7.5 Unused financing facilities available at quarter end 7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well. 8. Estimated cash available for future operating activities 8.1 Net cash from / (used in) operating activities (item 1.9) 16 8.2 (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) - 8.3 Total relevant outgoings (item 8.1 + item 8.2) 16 8.4 Cash and cash equivalents at quarter end (item 4.6) 5,596 8.5 Unused finance facilities available at quarter end (item 7.5) 8.6 Total available funding (item 8.4 + item 8.5) 5,596 8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3) N/A - $A’000 - Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7. 8.8 If item 8.7 is less than 2 quarters, please provide answers to the following questions: 8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not? Answer: N/A 8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful? Answer: N/A ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 4 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report 8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? Answer: N/A Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered. 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. Date: 20 January 2025................................... Authorised by: By the Board................................................ (Name of body or officer authorising release – see note 4) Notes 1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity’s activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so. 2. If this quarterly cash flow 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 cash flow 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. 4. If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [name of board committee – eg Audit and Risk Committee]”. If it has been authorised for release to the market by a disclosure committee, you can insert here: “By the Disclosure Committee”. 5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively. ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 5