Earnings release
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Elixir Energy Limited | ABN 51 108 230 995 Level 1, 60 Hindmarsh Square, Adelaide, SA, 5000 T: 61+ 8 8470 0135 elixirenergy.com.au ASX ANNOUNCEMENT 29th January 2026 Quarterly Report Q2-FY26 Quarterly Highlights Omega Oil and Gas took a 19.43% stake in the Company supporting a $16.6 million capital raise and progression of Phase-2 (Reserve definition) of Elixir’s Strategic Plan. The Lorelle-3 high impact Taroom Trough appraisal well: o Qualified under the AusIndustry Advanced Finding process for the Federal Governments Research and Development Tax Incentive (up to 48.5% refund on all eligible costs). o Expanded the scope of the program to include a proposed horizontal sidetrack in the primary target to conduct a multi-stage fracture stimulation and flow test in pursuit of the Company’s maiden Reserves. o Completed all preparation and procurement and has subsequently completed rig up and spud the well with drilling operations underway. Elixir increased its 2C Contingent Resources in the Taroom Trough by 189 BCFe bringing its total Taroom Trough 2C Contingent Resource to ~2.8 TCFe. Elixir executed a data sharing and ingress agreement with QGC 1 for QGC to acquire 3D seismic in 2026 over the North and West of Elixir’s ATP2077 Block-A which Elixir will then receive and where Elixir has sited the future Daydream-3 appraisal well. Elixir was granted a renewal of ATP2044 and concurrently had a Potential Commercial Area (PCA356) declared over 100% of the permit securing retention of the licence for 15 years. Finished the quarter with ~$21 million of cash with a further $2.68 million of inflows coming from the recently approved second tranche of the placement. 1 QGC is a fully owned subsidiary of Shell Managing Director & Chief Executive Officer, Stuart Nicholls said: “The Company is in an enviable position, being well funded and on the cusp of delivering a company defining result from the Lorelle- 3 well, while holding the largest acreage position in the highly prospective Taroom Trough in Queensland. This compelling position is further strengthened by the anticipated completion and testing of the Diona-1 well, scheduled for the coming quarter, which also has the potential to be materially impactful.” For personal use only
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2 Corporate & Strategy During the quarter Elixir announce d that it ha d entered into a subscription agreement with Omega Oil and Gas Limited (“Omega”), whereby Omega paid $14.6 million to acquire 19.43% in Elixir through a two-tranche placement, with tranche 2 being subject to Elixir shareholder approval (which has subsequently been achieved). The placement to Omega, a fellow Taroom Trough operator (where well -known resource investors Ilwella and Tri -Star are substantial shareholders) validates Elixir’s significant acreage position in the exciting Taroom Trough in Queensland. Nero Resource Fund invest ed an additional $2 million alongside Omega at $0.041 per share in the second tranche of the placement, taking total proceeds from the capital raising to approximately $16.6 million and institutionalising Elixir’s register. The new capital has facilitated Elixir’s Board of Directors sanctioning the transition of the Company’s Strategic Plan into Phase 2, where the Company is not only funded for its remaining work commitments to secure 100% retention of its Taroom Trough acreage position but will also pursue the definition of the Company’s maiden Reserves via the proposed addition of at least a 1,000m horizontal sidetrack and multi-stage stimulation and production test during the Lorelle -3 appraisal well campaign which has subs equently commenced. Th e capital inclusion has reduced the risk of meeting and accelerated the timing of the Company’s Phase-2 strategic objectives by more than 12- months. Omega Oil and Gas exercised its rights to nominate two new nominee Directors to the Board OF Elixir. As a result, post the conclusion of the quarter , Peter Stickland and Anthony Tarr were appointed to the Board as Non-Executive Directors. Taroom Trough: ATP2044, EXR:100% and Operator Elixir received notification of the successful renewal of ATP2044 and the declaration of a Potential Commercial Area PCA356 (Retention Licen ce) over 100% of the permit. PCA356 For personal use only
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3 covers 1,058km² within Queensland’s Taroom Trough and contains the 1,362 BCF e2 of independently certified 2C Contingent Gas Resources that was discovered by the drilling and testing of the Daydream-2 exploration well in 2024. Securing this retention without any partial relinquishment is a strategic outcome of Phase 1 of the Company’s Strategic Plan as released in May 2025. Also, during the reporting period, Elixir partially remediated some of the no n- essential civil infrastructure of the Daydream-2 well pad. Taroom Trough: ATP2056, EXR: 50% and Operator for Farm-in Works During the quarter Elixir completed all preparatory and planning activities for the high impact Lorelle -3 (L3) appraisal well. Subsequent to the end of the quarter, Elixir safely and successfully mobilised the heavy- duty Helmerich & Payne (H&P) FlexRig 3 Rig648 to the well site and spud the L3 well commencing drilling operations. L3 has reached section TD at 682 m MDRT (measured depth rotary table) in the 17-1/2” top hole and has commenced 13 -3/8” casing and cementing operations. During the quarter Elixir was notified that the L3 appraisal well costs associated with its activities that cover the drilling, coring, logging, analysis, completion, stimulation and flow testing of the well, will be eligible for up to a 48.5% refund via the Advanced Finding that Lorelle -3 has qualified for under the Federal Governments Research and Development Tax Incentive and tax return processes. This return is currently estimated to be approximately $9.7m in total. Also, during the quarter Elixir put i n place the initial documentation required to be able to borrow against this future return to support the management of its cashflow during the tax return / grant processes. These agreements are expected to be finalised in the coming quarter. As a result of the successful capital raising during the quarter, an expanded L3 program was proposed to drill L3 in two -phases. Initially a vertical pilot hole is planned to be drilled to 3,600m total vertical depth, collecting core and logs in an expanded evaluation program across the various Permian sandstone targets within the Basin Centred Gas Play of the Taroom Trough (Bowen Basin). The primary target of L3 is the Dunk member of the Tinowon Sands with the secondary targets including the Overston and Lorelle Sandstones. Upon reaching total target depth, Elixir will move immediately into the second phase of the drilling campaign which now includes the drilling of at least a 1,000m horizontal sidetrack into the primary target which will 2 For further information on the Contingent Resources see Elixir Energy’s FY25 Annual Report and the release dated 6 Nov 2025 ‘Increase in Taroom Trough Contingent Gas Resources’ Rig648 rigged up at the L3 well site For personal use only
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4 then be cased and suspended for stimulation and production testing. These two drilling operations are expected to take 55-days to complete from the start of mobilisation. The data and core gathered from the expanded evaluation campaign will lead into a series of experiments and laboratory work that will support the design and execution of an optimal stimulation as part of the L3 Research & Development program . Elixir then intends to execute this uniquely designed multi-stage fracture stimulation and then commence a production test prior to June 2026. This proposed expanded program in the horizontal sidetrack and flow test is designed to demonstrate commercial flow rates of g as and condensate from the Basin Centred Gas Play and then lead into a possible maiden Reserve conversion of the underlying Resource. L3 will be one of the highest impact wells in the Taroom Trough in 2026. It is ideally located as it will be drilled and tested ~10km from the highest quality penetration of the Taroom Trough’s Tinowon ‘Dunk’ Sands in QGC’s (Shell) Dunk-1 well. L3 will be the first well drilled outside of the Shell acreage on the upper western flank of the Taroom Trough since Shell's recent successful exploration programme and has the opportunity to validate the value, quality and materiality of Elixir’s substantial Taroom Trough acreage position. Taroom Trough: ATP2057, EXR: 50% and Operator for Farm-in Works Within the reporting period, land access and other required permits to acquire the 200km 2D Teelba seismic were largely completed. Terrex Seismic is currently scheduled to commence the acquisition towards the end of the coming quarter. The Taroom Trough: ATP2077 Sub Blocks-A & B, EXR: 100% & Operator During the quarter Elixir announced the booking of new 2C Contingent Resources in ATP2077 Block-B (refer to map on page 2). Elixir engaged its independent Resource Auditor Sproule ERCE who conducted a resource estimate using the two wells in Kinkabilla-1 (1966) and Inglestone-1 (1987) historically drilled in Block -B along with the growing number of regional For personal use only
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5 well penetrations in the Taroom Trough , independently certif ying 189 BCF e3 of new 2C Contingent Gas Resources. With the addition of these new resources , Elixir’s total gas resource has risen by 8% and the Company now estimates a total of 2,792 BCFe (or ~2.8 TCFe) 2C Contingent Gas Resources across its greater Taroom Trough portfolio. *Notes: 1. These are un-risked contingent resources that have not been risked for the chance of development and there is no certainty that it will be economically viable to produce any portion of the contingent resources. These Contingent Resources are classified as “Development Unclarified”. 2. Totals added arithmetically. 3. Gas equivalency: 1 barrel is 6,000 cubic feet of gas 4. The new contingent resources for ATP 2056 have been evaluated by ERCE in a report dated 7 February 2025. 5. Deep Dry Coals, Tight Sands Gas and Condensate Contingent Resources were previously evaluated, detailed in separate reports by ERCE and announced to the ASX on 15 January 2025, 27 May 2024 for ATP 2044 and 19 August 2024 for ATP 2077. 6. There is no overriding royalties associated with these gas resources however a 3% ORR royalty exists for liquids production in ATP2044. During the quarter Elixir entered into an agreement with QGC Pty Ltd (QGC, Shell ) to facilitate its ingress into ATP2077-Block A (100% EXR) and the acquisition by QGC of 3D Seismic data (see map to the right). Elixir will receive the processed data acquired in Block- A and the reciprocal area that extends from the mutual boundary between ATP645 (QGC’s permit) and ATP2077 to a distance of 2km into ATP645. Elixir has also agreed to provide the future Daydream -3 well information and logs to QGC in exchange for this upfront geophysical data. 3 A conversion factor of 1 mmbbls to 6.12 BCF was used for the calculation of BCF equivalents 4 See footnote 1. Taroom Trough Basin Centred Gas Play4 Net Contingent Resources Permit WI (%) Gas (BCF) Condensate (mmbbls) Total Gas Equivalent (BCFe) 1C 2C 3C 1C 2C 3C 1C 2C 3C ATP 2044 100% 405 1,297 4,290 3 11 36 423 1,362 4,507 ATP 2077 (A) 100% 68 173 439 1 2 5 72 184 471 ATP 2077 (B) 100% 77 177 396 1 2 5 81 189 425 ATP 2056 50% 442 994 2,146 5 11 23 472 1,057 2,284 Total 992 2,641 7,271 9 25 69 1,048 2,792 7,687 For personal use only
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6 The injection of this high-resolution 3D seismic into Elixir’s Taroom Trough dataset will be used to high grade and derisk the future appraisal well drilling in Block -A which contains 184 BCF e of 2C Contingent Resources5. ATP2077 Diona Sub Block, EXR: 49% & Operator During the quarter Elixir and its Joint Venture Partner XState Resources (XState: 51% ) prepared and planned for the stimulation and testing of the Diona-1 well which was successfully drilled, cased and suspended in the prior quarter confirming 23m of net gas pay. During the period Elixir commenced work with DUG (Downunder Geo -solutions) to complete the reprocessing and re calibration of the various seismic data sets that sit over the Diona sub block, this work is expected to complete in the coming quarter. Joint venture work program and budget processes have completed with the joint venture pursuing a multistage vertical stimulation and test scheduled for the coming quarter. A separate test of the lower Wallabella Sandstones which were only partially logged by the Logging While Drilling tools and represent material upside for the well result is also included in the forward plan. On successful flow testing, Diona-1 represents an excellent candidate to pursue a rapid tie in and early production operations and cashflow generation. This is enabled by the proximity of the Waggamba to Silver Springs pipeline (less than 100m from the well head) and the corresponding above ground tie in point less than 1,000m from the well’s surface location. East Coast Energy Markets & Significant Relevant Events Neighbouring Taroom Trough operator and major Elixir Energy shareholder, Omega Oil and Gas signed a binding letter of Intent with Helmerich & Payne (Australia) Drilling Pty Ltd (H&P) for the provision of Rig 648 ( identical rig being used for the Lorelle -3 program by Elixir) for Omega’s Taroom Trough appraisal program. This program may include up to three firm wells and four optional wells. With Shell’s drilling occurring immediately post Lorelle-3 with Rig 648, plus these new Omega wells, 2026 is set for a year of continuous drilling and well delivery for Rig 648 which will greatly expand the regional knowledge base and deliver consistent news flow from the Taroom Trough. Wallumbillia firm benchmark spot pricing reached ~$14 GJ and STTM Brisbane gas prices averaged almost ~$13 GJ during the quarter. This consistent pricing dynamic extends the evidence for the need for new gas supplies and the underlying investment opportunity at Elixir and within the Taroom Trough. 5 See footnote 1. For personal use only
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7 Late in the quarter t he Federal Government announced its response to the Gas Market Review which centred around a domestic gas reservation scheme . Whilst the specific details of this scheme are yet to be released , in Elixir’s opinion it is unlikely that the scheme will overcome the fundamental supply and demand dynamics of the short East Coast energy market in the medium term and may disincentivise future supply side investment from internationally mobile capital. With the Taroom Trough remaining undeveloped and representing a large, long -life gas resource, it currently remains unclear as to whether this scheme will have any meaningful effect (positive or negative) on the future development of the Taroom Trough. Finance & Corporate During the quarter Elixir received its eligible R&D tax refund of $3.86 million and raised ~$14 million in new capital from the previously mentioned share sale of 19.43% of the Company’s shares on issue to Omega Oil and Gas. Elixir’s cash position as at 31 December 2025 was ~$21 million. Subsequent to quarter end the second tranche of the placement was approved by shareholders with cash inflows of a further $2.68 million being received taking the complete capital raise to ~$16.6 million . Cash outflows for the quarter were primarily spent on the long lead items (casing, tubulars, well head etc) , other procurement and preparation (civil works , engineering etc) for the Lorelle -3 appraisal drilling program and preparation and technical works for the Diona flow test and Teelba 2D seismic campaign. Elixir remains funded to deliver both Phase 1 (Retention) and Phase 2 (Reserve Definition) of its Strategic Plan which includes the expanded drilling and testing of the proposed Lorelle-3 pilot and horizontal appraisal well, the completion and testing of the Diona-1 vertical exploration well and the acquisition of the Teelba 2D seismic program. Appendix 5B Disclosures The attached Appendix 5B includes an amount of $320,000 in item 6.1, which constitutes $182,000 of compensation for the Managing Director and Non-Executive Director fees paid during the quarter. There were no other related party transactions. By authority of the Board Stuart Nicholls Managing Director & Chief Executive Officer stuart.nicholls@elixirenergy.com.au Elixir Energy Ltd (ABN 51 108 230 995) Level 1, 60 Hindmarsh Square Adelaide SA 5000, Australia For further information on Elixir Energy, please call us on +61 (8) 7079 5610, visit the Company's website at www.elixirenergy.com.au For personal use only
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8 Forward Looking Statements Statements contained in this Report, including but not limited to those regarding the possible or assumed future costs, projected timeframes, performance, dividends, returns, revenue, exchange rates, potential growth of Elixir, industry growth, commodity or price forecasts, or other project ions and any estimated company earnings are or may be forward looking statements. Forward looking statements can generally be identified by the use of words such as ‘project’, ‘foresee’, ‘plan’, ‘expect’, ‘budget’, ‘outlook’, ‘schedule’, ‘estimate’, ‘targe t’, ‘guidance’ ‘aim’, ‘intend’, ‘anticipate’, ‘believe’, ‘estimate’, ‘may’, ‘should’, ‘will’ or similar expressions. Forward looking statements including all statements in this document regarding the outcomes of feasibility, projections, guidance on future earnings and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. These statements relate to future events and expectations and as such involve known and unknown risks and significant uncertainties, many of which are outside the control of Elixir. Actual results, performance, actions and developments of Elixir may differ materially from those expressed or implied by the forward-looking statements in this Presentation. Such forward-looking statements speak only as of the date of this document. There can be no assurance that actual outcomes will not differ materially from these statements. Investors should consider the forward-looking statements contained in this Presentation and Rel ease considering the above disclosures. To the maximum extent permitted by law (including the ASX Listing Rules), Elixir and any of its affiliates and their directors, officers, employees, agents, associates and advisers disclaim any obligations or undertaking to release any updates or revisions to the information in this document to reflect any change in expectations or assumptions; do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the information in this document, or likelihood of fulfilment of any forward - looking statement or any event or results expressed or implied in any forward-looking statement; and disclaim all responsibility and liability for these forward-looking statements (including, without limitation, liability for negligence). Nothing in this Presentation and Release will under any circumstances create an implication that there has been no change in the affairs of Elixir since the date of this document. Effects of Rounding and Financial Data A number of figures, amounts, percentages, estimates, calculations of value and fractions in this presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in this presentat ion. All dollar values are in Australian dollars ($ or A$ or AUD) unless stated otherwise. All references to USD or US$ or USD are to the currency of the United States of America. For personal use only
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Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 1 + See chapter 19 of the ASX Listing Rules for defined terms Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity Elixir Energy Limited ABN Quarter ended (“current quarter”) 51 108 230 995 31 December 2025 Consolidated statement of cash flows Current quarter $A’000 Year to date (6 months) $A’000 1. Cash flows from operating activities 1.1 Receipts from customers - - 1.2 Payments for (a) exploration & evaluation (expensed) - - (b) development - - (c) production - - (d) staff costs Staff costs capitalised in 2.1 (d) (399) - (648) - (e) administration and corporate costs (508) (985) 1.3 Dividends received (see note 3) - - 1.4 Interest received 96 147 1.5 Interest and other costs of finance paid - - 1.6 Income taxes paid - - 1.7 Government grants and tax incentives - - 1.8 Other (provide details if material) - - 1.9 Net cash from / (used in) operating activities (811) (1,486) 2. Cash flows from investing activities 2.1 Payments to acquire: (a) exploration asset - - (b) tenements - - (c) property, plant and equipment (7) (7) For personal use only
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Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 2 + See chapter 19 of the ASX Listing Rules for defined terms Consolidated statement of cash flows Current quarter $A’000 Year to date (6 months) $A’000 (d) exploration & evaluation Capitalised (1,802) (2,327) (e) investments - - (f) other non-current assets - - 2.2 Proceeds from the disposal of: - - (a) entities (b) tenements - - (c) property, plant and equipment - - (d) exploration & evaluation - - (e) other non-current assets - - 2.3 Cash flows from loans to other entities - - 2.4 Dividends received (see note 3) - - 2.5 Other (R&D tax refund) 3,861 3,861 2.6 Net cash from / (used in) investing activities 2,052 1,527 3. Cash flows from financing activities - 13,936 - 13,936 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 (4) (4) 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) Share Issue costs - - 3.10 Net cash from / (used in) financing activities 13,932 13,932 For personal use only
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Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 3 + See chapter 19 of the ASX Listing Rules for defined terms Consolidated statement of cash flows Current quarter $A’000 Year to date (6 months) $A’000 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 5,381 6,581 4.2 Net cash from / (used in) operating activities (item 1.9 above) (811) (1,486) 4.3 Net cash from / (used in) investing activities (item 2.6 above) 2,052 1,527 4.4 Net cash from / (used in) financing activities (item 3.10 above) 13,932 13,932 4.5 Effect of movement in exchange rates on cash held 21 21 4.6 Cash and cash equivalents at end of period 20,575 20,575 5. 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 Current quarter $A’000 Previous quarter $A’000 5.1 Bank balances 20,545 5,361 5.2 Call deposits 30 20 5.3 Bank overdrafts - 5.4 Restricted cash - 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 20,575 5,381 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 1 320 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 Total payments of $320k to related parties in item 6.1 for the quarter consisted of: • non–executive directors’ fees and executive director salaries $182K • Key management salaries and reimbursement of expenses $138k For personal use only
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Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 4 + See chapter 19 of the ASX Listing Rules for defined terms 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 $A’000 8.1 Net cash from / (used in) operating activities (Item 1.9) (811) 8.2 Capitalised exploration & evaluation (Item 2.1(d)) (1,802) 8.3 Total relevant outgoings (Item 8.1 + Item 8.2) (2,613) 8.4 Cash and cash equivalents at quarter end (Item 4.6) 20,575 8.5 Unused finance facilities available at quarter end (Item 7.5) - 8.6 Total available funding (Item 8.4 + Item 8.5) 20,575 8.7 Estimated quarters of funding available (Item 8.6 divided by Item 8.3) 7.9 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 Company 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 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 For personal use only
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Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report ASX Listing Rules Appendix 5B (17/07/20) Page 5 + See chapter 19 of the ASX Listing Rules for defined terms 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. 29 January 2026 Date: ................................................................................... By the Board Authorised by: ................................................................................... (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 – e.g. 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. For personal use only