Earnings release
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A.B.N. 11 009 341 539 ASX ANNOUNCEMENT 29 July 2025 Suite G1, 49 Melville Parade South Perth WA 6151 T: +61 8 9474 2113 | F: +61 8 9367 9386 E: tribune@tribune.com.au | W: www.tribune.com.au Quarterly Report for June 2025 ASX:TBR Board of Directors Mr Otakar Demis Non-executive Chairman & Joint Company Secretary Mr Anton Billis Managing Director and CEO Mr Gordon Sklenka Non-Executive Director Mr Stephen Buckley Company Secretary Highlights During the quarter Rand and Tribune processed 75,407 tonnes of ore at 3.85 g/t from the EKJV operations at the joint venture partner Evolution Mining Limited Mungari processing plant, with Tribune’s share equating to 56,555 tonnes. 8,916 ounces of gold were produced by Rand and Tribune during the quarter. Tribune’s 75% share of the gold produced was 6,687 oz. For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for June 2025 Page 2 of 11 Ore Stockpiles At the end of the quarter Tribune was entitled to a share of the following stockpiles – EKJV Stockpiles ROM Pad Ore Source Ore Tonnes Grade g/t Ounces Au Tribune Entitlement Rubicon ROM EKJV RHP MG 3,943 2.05 260 36.75% Rubicon ROM EKJV RHP LG 179,132 1.31 7,553 36.75% Mungari ROM EKJV RHP MG 5,025 4.85 784 36.75% Mungari Crushed Stocks EKJV RHP MG 2,278 3.91 286 36.75% Mungari ROM EKJV RHP LG 2,981 2.19 210 36.75% Mungari ROM EKJV Raleigh MG 743 4.25 102 37.50% Raleigh ROM EKJV Raleigh MG 1,024 1.23 41 37.50% Raleigh ROM EKJV Raleigh LG 24,918 1.19 952 37.50% Raleigh T ROM EKJV Raleigh LG 5,575 0.55 98 36.75% Tribune Share of EKJV Stockpiles 83,115 1.42 3,788 100% Geology and Mining EAST KUNDANA JOINT VENTURE Raleigh Underground Mine Development Development performance for the quarter is summarised in the following table. ORE BODY Raleigh Month Capital Operating Lateral development Decline/Incline Other Ore Waste Paste (m) (m) (m) (m) (m) April 49.6 52.8 74.4 May 7.3 96.9 95.7 3.0 June 31.3 50.9 163.6 June 2025 Q 88.2 200.6 333.7 0.0 3.0 Rubicon-Hornet-Pegasus Underground Mine Development Development performance for the quarter is summarised in the following table. ORE BODY Rubicon, Hornet & Pegasus Month Capital Operating Lateral development Decline Other Ore Waste Paste (m) (m) (m) (m) (m) April 39.1 94.1 209.1 16.7 27.7 May 46.2 65.4 94.4 75.4 30.0 June 35.3 43.0 87.1 39.3 50.9 June 2025 Q 120.6 202.5 390.6 131.4 108.6 For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for June 2025 Page 3 of 11 EKJV Underground Mine Production Contained gold in stope and development ore mined during the quarter is tabulated below: ORE BODY RHP Raleigh Total EKJV Month Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces April 34,725 3.4 3,813 6,526 4.6 969 41,251 3.6 4,782 May 42,138 4.4 5,899 7,692 1.8 439 49,830 4.0 6,338 June 53,019 2.8 4,816 16,528 2.9 1,523 69,547 2.8 6,339 June 2025 Q 129,882 3.5 14,528 30,746 3.0 2,931 160,628 3.4 17,459 March 2025 Q 105,470 4.1 13,820 12,391 2.1 858 117,861 3.9 14,678 Rand and Tribune’s Mine Production Entitlement (RHP - 49%, Raleigh – 50%) Rand and Tribune Quarter Ore Tonnes Grade (g/t) Ounces troy oz June 2025 Q 79,015 3.4 8,584 March 2025 Q 57,876 3.9 7,201 Tribune’s Mine Production Entitlement (RHP - 36.75%, Raleigh – 37.5%) Tribune Quarter Ore Tonnes Grade (g/t) Ounces troy oz June 2025 Q 59,261 3.4 6,438 March 2025 Q 43,407 3.9 5,401 Toll Processing During the quarter a total of 75,407 tonnes of Rand and Tribune ore at 3.85 g/t was processed at the Mungari processing plant under the EKJV joint venture agreement with Evolution Mining Limited to recover 8,916 oz of gold at 95.5% recovery. Rand and Tribune gold production for the June 2025 quarter, along with Tribune’s share is tabulated below. Rand and Tribune Ore Processed Campaign Location Tonnes Milled Head Grade Au (g/t) Recovery (%) Fine Au Produced (Oz) EVN Mungari 75,407 3.85 95.5% 8,916 For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for June 2025 Page 4 of 11 Tribune Share of Ore Processed Campaign Location Tonnes Milled Head Grade Au (g/t) Recovery (%) Fine Au Produced (Oz) EVN Mungari 56,555 3.85 95.55% 6,687 EKJV Exploration During the fourth quarter of FY25, a total of 10,661 metres of drilling was completed for the East Kundana Joint Venture (EKJV). Work completed included, infill Reverse Circulation (RC) drilling for the Hornet open pit, Diamond Drilling (DD) for the Sadler underground and Resource targeting RC and DD at Ambition. Project Prospect Tenement RAB/AC Metres RAB/AC Samples RC Metres RC Samples DD Metres DD Samples ME Samples Rubicon Hornet Pegasus Hornet M16/309 5,270 5,258 Raleigh Sadler M15/993 274 363 Ambition Ambition M16/0326 2,200 2,200 2,917 2,383 Total 7,470 7,458 3,191 4,095 Work Completed Sadler Resource definition DD continued up-dip of Sadler at Raleigh, with the objective to convert Inferred Mineral Resource to Indicated Mineral Resource. The drill spacing was completed to a 40m x40m pattern and drilling was conducted from surface. The drillin g was designed to define the top of the interpreted grade plunge of the Sadler mineralisation, which is being mined underground at Raleigh. The remaining 274 metres of DD in this program was completed early in the quarter. Drilling intersected a brittle-ductile structure, with a thin (less than 0.25 metre), laminated vein in places. This structure is consistent with the Sadler mineralisation from mining underground. All data from this program have been processed and will be incorporated into a Sadler resource model update. For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for June 2025 Page 5 of 11 Plan view of EKJV area showing Upper Sadler Incline surface diamond drilling showing results received in FY25 Q4. Image shows Sadler As -built (gold solid) and existing drill intercepts within the Raleigh Main Vein or Shear Hornet Further infill Reverse Circulation (RC) drilling was completed at Hornet, in preparation for the open pit mining sequence, which commenced within the quarter. A total of 5,270 metres of RC drilling was completed targeting the Inferred Mineral Resource of the Mary Fault Zone mineralisation and K2B-related mineralisation (Figure 2). For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for June 2025 Page 6 of 11 Drilling along the K2B horizon intersected geology consistent with this mineralisation style increasing confidence in the current resource model. The drilling also intersected extension of a thin, flat, south-west dipping zone, characterized by quartz vein ing. The flat dipping zone, named Hode2, is thought to be associated with the fault dipping, mineralised structures (Pode and Hera) at the RHP mine. Drilling along the Mary fault zone intersected supergene mineralisation associated with the Marfy fault. All data from this program have been processed and will be incorporated into a Hornet resource model update. Long section, looking East, displaying K2B mineralisation (cyan) and Hode2 minerali sed structure (purple). Black outline shows Stage 1 and 2 of the open pit mine design. Dotted black line displays previous mineralised model for Hode2. Ambition A total of 24 holes for 5,117m of surface drilling was completed during the quarter. Drilling included surface RC and diamond drilling. Drilling was designed to test a high grade plunge, interpreted within the mineralisation corridor, on a 40x40 metre to 80 x 80 metre spacing. Results for 18 drill holes were returned during the quarter. Drillling successfully confirmed the presence of a southward plunging, high -grade zone. Gold mineralisation is hosted within a thin, (less than 0.5m) laminated vein, within a wide shear zone. For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for June 2025 Page 7 of 11 A Long Section of Ambition looking east displaying the mineralised outline and recent drilling interpts received in Q4 Full details of the EKJV Exploration Report for the June 2025 quarter were released to the ASX toda y, 29 July, under the title “EKJV Exploration Report FY2025 Quarter 4”. Other Exploration Projects Tribune Resources (Ghana) Limited (Tribune’s Interest 100%) There were no drilling activities, no minerals mined and no mineral processing activities during the quarter. Planning for the upcoming drilling and other exploration work on its mining lease between Adiembra and Gyapa township was ongoing during the quarter. Geology and survey resources were mobilised during the quarter and pad preparation has commenced. A program of air core holes targeting the laterite horizon up to the transition zones, and RC drillholes have been planned to test the extent of the porphyritic depth around the Gyapa stretch of the concession during 2025. Diwalwal Gold Project (Philippines) (Tribune’s Interest 40% and a further 20% earnt Economic Interest) No significant exploration activities were conducted during the quarter on the Upper Ulip and 729- ha tenement in Diwalwal.. No drilling was conducted during the quarter. For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for June 2025 Page 8 of 11 Seven Mile Hill Joint Venture (Tribune’s Interest 50%) No drilling was conducted during the quarter. In December 2024, a drilling program comprising 2 drill holes for 651.3m with mud rotary pre- collars of 132.5m and NQ3 diamond core of 518.8m. Hole details are as follows. Hole_ID North East RL Total Depth Mud Rotary NQ3 core Dip Azimuth 7DD-001 6582259 349254 351.4 351.1 82.4 268.7 -50 95 7DD-002 6582355 349602 338.3 300.16 50.1 250.06 -60 275 The company received final assay results from the two orientated drill holes in April 2025. The holes were designed as scissor holes to test geological structure. For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for June 2025 Page 9 of 11 Completed Drill Holes Results display multiple narrow zones of low to moderate gold mineralisation, some with minor halo anomalous mineralisation. The highest grade was 21.97g/t Au at 216.3m to 217m. Significant results are shown in Table 1. Table: Anomalous gold assays Hole_ID From To Au 7DD-001 123 124 2.63 7DD-001 130 131 0.86 7DD-001 140 141 1.54 7DD-001 173 174 2.08 7DD-001 187 188 1.33 7DD-001 188 189 1.01 7DD-001 204 205 2.09 7DD-001 216.3 217 21.97 7DD-001 273 274 0.94 7DD-001 296 297 1.07 Competent Persons Statement Information in this report relating to exploration results has been compiled by Mr Gregory Bennett Barnes in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr Gregory Bennett Barnes is a member of AUSIMM and a consultant to Tribune Resources Ltd and has sufficient relevant experience in the activities undertaken and styles of mineralisation being reported to qualify as a Competent Person under the JORC Code. Mr Gregory Bennett Barnes consents to the inclusion in this report of the information compiled by him in the form and context in which it appears. Corporate Summary of Cashflows The attached Appendix 5B is prepared on a consolidated basis and includes the cash inflows and cash outflows of its subsidiaries including Rand Mining Limited (Rand)(ASX:RND). Cash and cash equivalents were $12.449m at 30 June compared to $9.187m as at 31 March. Receipts from customers were up by $8.858m to $ 38.810m for the quarter. This increase is due to t he Group s elling 1, 000oz more gold in the current quarter combined with higher gold price s to cover operational expenditure. A combination of increased mined tonnes of the underground mines at EKJV and the commencement of the Hornet open pit mine led to a $ 6.256m increase in production costs from $13.475m to $ 19.731m during the quarter. Development costs decreased by $859k in the June quarter. Property, Plant and Equipment expenditure decreased by $2.190m from $4.388m in the previous quarter to $2.198m. The majority of the expenditure relates to assets purchased by EKJV. For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for June 2025 Page 10 of 11 Staff, administration and corporate costs were $1.328m which is down $372k on the previous quarter. The total tax payments for the quarter were $3.440m. Exploration expenses were $ 1.072m during the quarter . This was up by $125k on the previous quarter . The expenditure during the quarter is due to $ 151k was spent on EKJV exploration, $ 30k on Ghana exploration and $57k on Liberia via Rand. A reduction of expenditure for the quarter of $77k on Seven Mile Hill tenements and $36k on Philippines exploration. The overall result for the period was a net cash inflow from operating activities of $5.926 m for the June quarter compared to the net cash inflow from operating activities of $1,567m for the March quarter. Share Buy-Back The Company operated a buyback during the quarter, but no shares were bought back during the period. The buyback expires on 20 February 2026 unless it is extended by the Company. Payments to related parties of the entity and their associates In item 6 of the attached Appendix 5B cash flow report for the quarter, payments to related parties of $316,755 comprised of director fees and superannuation for Anthony Billis of $ 55,047, director fees for Gordon Sklenka of $20,000, payments to related entities of Anthony Billis for rent and outgoings of $40,538, re-imbursement of operating expenses of $83,015 and royalties of $14,102 (via the EKJV). It also includes payments to Lyndall Vaughan of $ 104,053 in her capacity as Finance Manager of the Company, which are being disclosed in Item 6 due to her being an Alternate Director for Otakar Demis. This report and the attached Appendix 5B have been authorised by the Board of Tribune Resources Limited. For Shareholder Enquiries Stephen Buckley Joint Company Secretary E: stephen.buckley@tribune.com.au Ph: + 61 8 9474 2113 For personal use only
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TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT Quarterly Report for June 2025 Page 11 of 11 INTERESTS IN MINING TENEMENTS Project/Tenements Location Held at end of quarter* Acquired during the quarter Disposed during the quarter Kundana WA, Australia 01. M15/1413 49.00% 02. M15/993 49.00% 03. M16/181 49.00% 04. M16/182 49.00% 05. M16/308 49.00% 06. M16/309 49.00% 07. M16/325 49.00% 08. M16/326 49.00% 09. M16/421 49.00% 10. M16/428 49.00% 11. M24/924 49.00% West Kundana WA, Australia 01. M16/213 24.50% 02. M16/214 24.50% 03. M16/218 24.50% 04. M16/310 24.50% Seven Mile Hill WA, Australia 01. E15/1664 100.00% 02. M15/1233 100.00% 03. M15/1234 100.00% 04. M15/1291 100.00% 05. M15/1388 100.00% 06. M15/1394 100.00% 07. M15/1409 100.00% 08. M15/1743 100.00% 09. M26/563 100.00% 10. P15/6370 100.00% 11. P15/6398 100.00% 12. P15/6399 100.00% 13. P15/6400 100.00% 14. P26/4173 (Application for conversion to Mining Lease M26/872 was lodged in Dec 2024 - Pending approval) 100.00% West Kimberly WA, Australia 01. E04/2548 100% 100% Japa Concession Ghana, West Africa 100.00% Diwalwal Gold Project Mindanao, Philippines 729 Area1 Up to 40% legal interest, 20% legal interest and up to an additional 20% legal interest economic interest Upper Ulip Area1 Up to 40% legal interest, 20% legal interest and up to an additional 20% legal interest economic interest * Note, includes Rand Mining Ltd’s, Rand Exploration NL’s and Prometheus Developments interests where applicable. ** EOT – Extension of Term 1 Prometheus has entered an Investment Agreement with Paraiso Consolidated Mining Corporation (“Pacominco”) . For personal use only
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Rule 5.5 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 Tribune Resources Ltd (ASX:TBR) ABN Quarter ended (“current quarter”) 11 009 341 539 30 June 2025 Consolidated statement of cash flows Current quarter $A’000 Year to date (12 months) $A’000 1. Cash flows from operating activities 38,810 160,337 1.1 Receipts from customers 1.2 Payments for (596) (2,871) (a) exploration & evaluation (b) development (7,892) (33,986) (c) production (19,731) (66,364) (d) staff costs (468) (2,000) (e) administration and corporate costs (860) (4,191) 1.3 Dividends received (see note 3) - - 1.4 Interest received 93 369 1.5 Interest and other costs of finance paid 10 (9) 1.6 Income taxes paid (3,440) (16,395) 1.7 Government grants and tax incentives - - 1.8 Other (provide details if material) - - 1.9 Net cash from / (used in) operating activities 5,926 34,890 2. Cash flows from investing activities - - 2.1 Payments to acquire or for: (a) entities (b) tenements - - (c) property, plant and equipment (2,198) (16,756) (d) exploration & evaluation (476) (1,214) (e) investments - - (f) other non-current assets - - 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 (12 months) $A’000 2.2 Proceeds from the disposal of: - - (a) entities (b) tenements - - (c) property, plant and equipment - - (d) investments - 128 (e) other non-current assets - - 2.3 Cash flows from loans to other entities - - 2.4 Dividends received (see note 3) - 2,658 2.5 Other (provide details if material) - - 2.6 Net cash from / (used in) investing activities (2,674) (15,184) 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 - (16,181) 3.9 Other (provide details if material) - - 3.10 Net cash from / (used in) financing activities - (16,181) 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 9,187 8,915 4.2 Net cash from / (used in) operating activities (item 1.9 above) 5,926 34,890 4.3 Net cash from / (used in) investing activities (item 2.6 above) (2,674) (15,184) 4.4 Net cash from / (used in) financing activities (item 3.10 above) - (16,181) 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 (12 months) $A’000 4.5 Effect of movement in exchange rates on cash held 10 9 4.6 Cash and cash equivalents at end of period 12,449 12,449 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 12,399 9,137 5.2 Call deposits 50 50 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) 12,449 9,187 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 1 317 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. 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. 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. 8. Estimated cash available for future operating activities $A’000 8.1 Net cash from / (used in) operating activities (item 1.9) 5,926 8.2 (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) (476) 8.3 Total relevant outgoings (item 8.1 + item 8.2) 5,450 8.4 Cash and cash equivalents at quarter end (item 4.6) 12,449 8.5 Unused finance facilities available at quarter end (item 7.5) - 8.6 Total available funding (item 8.4 + item 8.5) 12,449 8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3) N/A 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 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: 29 July 2025 Authorised by: By the Board (Name of body or officer authorising release – see note 4) 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. 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. For personal use only