Earnings release
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T +61 2 8203 5620 F +61 2 9012 0041 Level 46, 680 George Street Sydney NSW 2000 Australia DOME GOLD MINES LTD ABN 49 151 996 566 GPO Box 1759 Sydney NSW 2001 Australia E info@domegoldmines.com.au W www.domegoldmines.com.au ASX Announcement ASX Code: DME 30 January 2025 ACTIVITIES REPORT FOR THE DECEMBER QUARTER 2024 ______________________________________________________________________________________ Dome Gold Mines Limited (“Dome” or “Company”) (ASX code: DME) is pleased to report activities at its industrial sand-magnetite-heavy mineral Sigatoka project and the Nadroga copper-gold and Ono Island gold-silver projects in Fiji for the period ended 31 December 2024. Highlights • Meeting with Minister and Director of the Ministry of Agriculture and Waterways • Progress update on the Sigatoka Feasibility Study • Exploration report reveals anomalous copper and gold in float samples, eastern Wainivau Prospect of SPL1452 MEETING WITH MINISTRY OF AGRICULTURE AND WATERWAYS AND TECHNICAL COMMITTEE ABOUT THE EMERGENCY DESILTING PROJECT Dome’s Chairman and Country Manager met with the Honorable Minister of Agriculture and Waterways, Mr Vatimi Rayalu and his Director, Mr Marau Vuli in early December to discuss Dome’s wholly owned subsidiary, Magma Mines Pte Ltd’s selection as operator of the Government’s emergency desilting program for the Sigatoka River (see Plate 1). Plate 1 - Darren Grant (Country Manager - Dome Magma), Marau Vuli (Director – Ministry of Agriculture and Waterways), Vatimi Rayalu (Hon Minister – Ministry of Agriculture and Waterways), Jack McCarthy (Chairman – Dome Gold Mines Ltd) For personal use only
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T +61 2 8203 5620 F +61 2 9012 0041 Level 46, 680 George Street Sydney NSW 2000 Australia DOME GOLD MINES LTD ABN 49 151 996 566 GPO Box 1759 Sydney NSW 2001 Australia E info@domegoldmines.com.au W www.domegoldmines.com.au Following this meeting we met with the desilting Technical Team representing the five ministries overseeing the implementation of the project where it was confirmed that the Company had fulfilled all the requirements for the project with the sole outstanding issue being the approval of holders of fishing rights in the river who in fact will be very little impacted if at all by the small area involved with the dredging operations at any time (see Plate 2). Plate 2 - Clockwise from bottom left: Akanisi Kini, Stephanie Fang , Seini Bulanauca (Lands & Resources), Anthony Turagavuli (Waterways), Jone Buliruarua (iTaukei Affairs),Darren Grant (Dome/Magma), Marau Vuli (Director Waterways), Tima Rakance (Waterways), Jack McCarthy (Chairman Dome/Magma) Subsequent to discussions, a meeting with the fishing rights holders and a recently privately formed Resource Management Committee , Government decision makers and Company representatives have been arranged for early February 2025. Given the recent damaging flooding along the Sigatoka River, including businesses in the Sigatoka Town itself, and with the full support of Government, the Company is confident that final approvals to proceed with the dredging plan will be approved. At its Sigatoka project, Dome proposes to recover magnetite concentrate as well as construction sand and gravel products using similar sand washing and screening processes. For personal use only
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T +61 2 8203 5620 F +61 2 9012 0041 Level 46, 680 George Street Sydney NSW 2000 Australia DOME GOLD MINES LTD ABN 49 151 996 566 GPO Box 1759 Sydney NSW 2001 Australia E info@domegoldmines.com.au W www.domegoldmines.com.au SIGATOKA (SPL1495) Updates DFS And EIA Progress Work on studies needed to complete the Sigatoka Feasibility Study continued during the December quarter with the river/marine survey to get underway in February and quotes being obtained for Geotech drilling and is getting underway. Sigatoka’s sand samples are also being assessed by the rotary magnet supplier for magnetite extraction. The EIA report along with the feasibility study are important parts of an application for a Mining Lease at Sigatoka. NADROGA (SPL1452) PORPHYRY COPPER-GOLD SPL1452 was renewed for a further 3-year term commencing from July 3, 2024 to July 3, 2027. Although no field exploration was possible on the SPL during the December Quarter was possible due to persistent rain this wet season, research by Company geologists uncovered a report on exploration results conducted during the late 1980’s on then SPL1325 that included part of the western block of Dome’s SPL1452. Rock chip float samples collected from the Butho Butho Creek area, to the southeast of the previously known extent of the Wainivau Prospect, produced strongly anomalous copper results (see map image below with analytical results). Rock Chip float sample locations and tabulation of analytical results from CRA Exploration data published in a report to MRD dated September 1989. Note each map square is 1 square kilometre. For personal use only
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T +61 2 8203 5620 F +61 2 9012 0041 Level 46, 680 George Street Sydney NSW 2000 Australia DOME GOLD MINES LTD ABN 49 151 996 566 GPO Box 1759 Sydney NSW 2001 Australia E info@domegoldmines.com.au W www.domegoldmines.com.au The same report also showed sample locations and analytical results from the Namoli -Wainivau area that correspond with sampling completed by Dome’s exploration geologists. Rock float anomalous in both gold and copper are present at Namoli and Wainivau that in the Company’s opinion warrant follow-up exploration. This will be undertaken in the first quarter of 2025 when weather conditions permit access. Rock Chip float sample locations and tabulation of analytical results from CRA Exploration data published in a report to MRD dated September 1989. Note each map square is 1 square kilometre. ONO ISLAND (SPL1451) GOLD SPL1451 was renewed for a further three-year period from 26 July 2024 to 26 July 2027. No field exploration was undertaken on the SPL during the December Quarter. For personal use only
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T +61 2 8203 5620 F +61 2 9012 0041 Level 46, 680 George Street Sydney NSW 2000 Australia DOME GOLD MINES LTD ABN 49 151 996 566 GPO Box 1759 Sydney NSW 2001 Australia E info@domegoldmines.com.au W www.domegoldmines.com.au CORPORATE AND ADDITIONAL INFORMATION Dome Gold Mines Limited (“Dome” or “the Company”) provides this additional information regarding the quarterly activities report for the quarter ended 31 December 2024. During the Quarter the Company expended $ 167K on exploration and related activities. The majority was spent on exploration activities at the Sigatoka Project in Fiji, which is wholly owned by Dome. Approximately $ 115K was spent on Sigatoka DFS program, which includes Fiji office operations, consultants’ fees, pilot plant processing and other travel related costs. The balance was expended on license renewal fees, sundry exploration and tenement, accounting and administration related costs. No expenditure was incurred during the Quarter on mining production and development activities. Payments to related parties of the entity and their associates for operating and investing activities during the December 2024 quarter totaled $114K, which were directors’ fees , superannuation guarantee and interest. As at 31 December 2024 Dome held $1.208M in cash. For further information about Dome and its Fijian projects, please refer to the Company’s website www.domegoldmines.com.au or contact the Company at (02) 8203 5620. This quarterly report has been approved by the Board of Dome Gold Mines Ltd. J.V. McCarthy Chairman Competent Persons Statement The information in this Quarterly Report that relates to Exploration Results is based on information compiled by John V McCarthy. Mr McCarthy is the non -executive Chairman of the Company and a Member of the Australasian Institute of Mining and Metallurgy a nd has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activities which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code f or Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr McCarthy, through his family superannuation fund, holds shares in the Company and is paid fixed directors fees for his services. He consents to the inclusion in this Quarterly Report of the matters based on his information in the form and context in which it appears. No Material Changes The Company confirms it is not aware of any new information or data that materially affects the information included in this quarterly activities report and that all material assumptions and technical parameters underpinning the exploration activities in t his market announcement continue to apply and have not materially changed. For personal use only
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T +61 2 8203 5620 F +61 2 9012 0041 Level 46, 680 George Street Sydney NSW 2000 Australia DOME GOLD MINES LTD ABN 49 151 996 566 GPO Box 1759 Sydney NSW 2001 Australia E info@domegoldmines.com.au W www.domegoldmines.com.au ABOUT DOME Dome is an Australian mining company that listed on the ASX on the 22 October 2013. The Company is focussed on gold, copper and iron and industrial sands in Fiji, where it holds three highly prospective exploration tenements. Dome’s objective is to become a major force in the mining industry of Fi ji by the discovery and development of mineral resources within its Fijian tenements. Sigatoka is a heavy mineral sand project containing abundant magnetite. Drilling to establish an initial resource estimate for the project has been completed, and final stages of a definitive feasibility study are now underway. Commencement of production at Sigatoka by conventional sand mining and wet processing is anticipated. Dome’s other projects are the Ono Island epithermal gold project, where an initial exploration diamond drilling was completed in early July 2018, and the Nadrau project, where additional exploration programs for copper-gold porphyry deposits are warranted. Dome’s Board and Management team has a high level of experience in Fiji, and the Company has been actively exploring in Fiji since 2008. DOME MINES LTD TENEMENT SCHEDULE Tenement Name Holder Interest % Area (hectares) at 31 March 2016 Expiry Date SPL 1451 Ono Island Dome Mines Ltd 100 3,028 26/07/2027 SPL 1452 Central Viti Levu Dome Mines Ltd 100 33,213 3/07/2027 SPL 1495 Sigatoka Ironsand Magma Mines Ltd 100 2,522 26/04/2025 For personal use only
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Rule 5.5 Current quarter $A’000 Year to date (6 months) $A’000 1 1.1 - - 1.2 - - - - - (190) (361) (660) (1,164) 1.3 - - 1.4 1 1 1.5 (1) (1) 1.6 - - 1.7 - - 1.8 (26) 18 1.9 (876) (1,507) 2 2.1 - - - - (8) (9) (167) (353) - - - ASX Listing Rules Appendix 5B (17/07/20) Page 1 (d) exploration & evaluation (e) investments (f) other non-current assets + See chapter 19 of the ASX Listing Rules for defined terms. Cash flows from investing activities Payments to acquire or for: (a) entities (b) tenements (c) property, plant and equipment Interest received Interest and other costs of finance paid Income taxes paid Government grants and tax incentives Other - net tax received/(paid) Net cash from / (used in) operating activities (a) exploration and evaluation (b) development (c) production (d) staff costs (e) administration and corporate costs Dividends received (see note 3) 49 151 996 566 31 December 2024 Consolidated statement of cash flows Cash flows from operating activities Receipts from customers Payments for Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity DOME GOLD MINES LTD ABN Quarter ended ("current quarter') For personal use only
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Appendix 5B Current quarter $A’000 Year to date (6 months) $A’000 2.2 - - - - - - - - - - 2.3 - - 2.4 - - 2.5 - - 2.6 (175) (362) 3. 3.1 2,450 3,497 3.2 - - 3.3 - - 3.4 (121) (196) 3.5 - 151 3.6 (350) (353) 3.7 - - 3.8 - - 3.9 (23) (23) 3.10 1,956 3,076 4. 4.1 303 1 4.2 (876) (1,507) 4.3 (175) (362) 4.4 1,956 3,076 ASX Listing Rules Appendix 5B (17/07/20) Page 2 Net cash from / (used in) investing activities (item 2.6 above) Net cash from / (used in) financing activities (item 3.10 above) + See chapter 19 of the ASX Listing Rules for defined terms. Dividends paid Other - repayment of lease liabilities Net cash from / (used in) financing activities Net increase / (decrease) in cash and cash equivalents for the period Cash and cash equivalents at beginning of period Net cash from / (used in) operating activities (item 1.9 above) Proceeds from issue of convertible debt securities Proceeds from exercise of options Transaction costs related to issues of equity securities or convertible debt securities Proceeds from borrowings Repayment of borrowings Transaction costs related to loans and borrowings Cash flows from loans to other entities Dividends received (see note 3) Other - net cash paid on deposit Net cash from / (used in) investing activities Cash flows from financing activities Proceeds from issues of equity securities (excluding convertible debts securities) Proceed from the disposal of (a) entities (b) tenements (c) property, plant and equipment (d) investments (e) other non-current assets Mining exploration entity or oil and gas exploration entity quarterly cash flow report Consolidated statement of cash flowsFor personal use only
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Appendix 5B Current quarter $A’000 Year to date (6 months) $A’000 4.5 0 0 4.6 1,208 1,208 5. Current quarter $A’000 Previous quarter $A’000 5.1 908 303 5.2 300 - 5.3 - - 5.4 - - 5.5 1,208 303 6. Current quarter $A’000 6.1 114 6.2 - ASX Listing Rules Appendix 5B (17/07/20) Page 3 + See chapter 19 of the ASX Listing Rules for defined terms. Cash and cash equivalents at end of quarter (should equal item 4.6 above) Payments to related parties of the entity and their associates Aggregate amount of payments to related parties and their associates included in item 1 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. Directors fees, superannuation and interests Cash and cash equivalents at end of period Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts Bank balances Call deposits Bank overdrafts Other (provide details) Mining exploration entity or oil and gas exploration entity quarterly cash flow report Consolidated statement of cash flows Effect of movement in exchange rates on cash held For personal use only
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Appendix 5B 7. Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000 7.1 5,600 708 7.2 - - 7.3 - - 7.4 5,600 708 7.5 4,892 7.6 8. Estimated cash available for future operating activities $A'000 8.1 (876) 8.2 (167) 8.3 (1,043) 8.4 1,208 8.5 4,892 8.6 6,100 8.7 6 8.8 ASX Listing Rules Appendix 5B (17/07/20) Page 4 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. + See chapter 19 of the ASX Listing Rules for defined terms. cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful? Answer: 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: 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: 8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further Total relevant outgoings (item 8.1 + item 8.2) Cash and cash equivalents at quarter end (item 4.6) Unused finance facilities available at quarter end (item 7.5) Total avilable funding (item 8.4 + item 8.5) Estimated quarters of funding available (item 8.6 divided by item 8.3) 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. Total financing facilities Unused financing facilities available at quarter end 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. Lender: Blue Ridge Interactive Ltd 5% unsecured loan $3.5m loan facility, maturity date 31/12/2026 Charvest Pty Ltd 10% unsecured loan $1m loan facility, maturity date 31/12/2026 Fleet Market Investments Pty Ltd 10% unsecured loan $1m loan facility, maturity date 31/12/2026 Tadao Tsubata 5% unsecured loan $0.1m loan facility, maturity date 31/12/2026 Net cash from / (used in) operating activities (item 1.9) (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) Mining exploration entity or oil and gas exploration entity quarterly cash flow report 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. Loan facilities Credit standby arrangements Other (please specify) For personal use only
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Appendix 5B Compliance statement 1. 2. Date: Autorised by; By the Chairman (Name of body or officer authorising release - see note 4) Notes 1. 2. 3. 4. 5. ASX Listing Rules Appendix 5B (17/07/20) Page 5 + See chapter 19 of the ASX Listing Rules for defined terms. 30 January 2025 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. 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. 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. 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”. 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. Mining exploration entity or oil and gas exploration entity quarterly cash flow report This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A. This statement gives a true and fair view of the matters disclosed. For personal use only