Kasbah Resources Limited Annual Report 2018

38 Kasbah Resources Limited Annual Report 2018 Consolidated Note 2018 $ 2017 $ Cash flows from operating activities Cash paid to suppliers and employees (3,396,726) (3,369,674) Payments for exploration and evaluation (3,092,080) (1,237,212) Interest received 72,566 28,068 Net cash outflow from operating activities 22a (6,416,240) (4,578,818) Cash flows from investing activities Payment of security deposits and bonds (54,198) – Refund of security deposits and bonds – 2,221 Payments for plant and equipment (46,978) – Net cash (outflow)/inflow from investing activities (101,176) 2,221 Cash flow from financing activities Proceeds from share issues 4,984,171 3,951,486 Share issue costs (387,655) (128,476) Share issue costs – subsidiary – (10,924) Proceeds from borrowings 22b 2,000,000 1,000,000 Borrowing costs 22b (30,000) (30,000) Proceeds from non-controlling interests 1,237,733 351,367 Net cash inflow from financing activities 7,804,249 5,134,083 Net increase/(decrease) in cash held 1,286,833 557,486 Cash at the beginning of the financial year 1,720,844 1,170,691 Effect of exchange rate fluctuations on cash held in foreign currencies 9,221 (7,333) Cash at the end of the financial year 6 3,016,898 1,720,844 The consolidated statement of cash flows should be read in conjunction with the accompanying notes. for the year ended 30 June 2018 Consolidated Statement of Cash Flows

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