Melbana Energy Limited Annual Report 2022

Note 30-June-22 $ 30-June-21 $ Cash flows from operating activities Payments to suppliers and employees (inclusive of GST) (2,062,397) (1,849,064) Exploration and evaluation (57,087) (179,603) Interest received - - Interest paid (59) (7,166) COVID-19-related government grants - 35,472 Net cash used in operating activities 29 (2,119,543) (2,000,361) Cash flows from investing activities Payments for property, plant and equipment (86,568) (12,355) Payments for exploration and evaluation (39,134,910) (7,540,358) Payments for investments - (441,458) Proceeds from sale of exploration interest 10,391,856 361,419 Proceeds from farm-out arrangement 28,615,542 19,231,215 Proceeds from disposal of investments 3,478,789 - Net cash from investing activities 3,264,709 11,598,463 Cash flows from financing activities Proceeds from issue of shares 24,893,706 - Share issue transaction costs (1,062,866) - Payment of principal element of lease liabilities - (125,997) Net cash provided by/(used in) financing activities 23,830,840 (125,997) Net increase/(decrease) in cash and cash equivalents 24,976,006 9,472,105 Cash and cash equivalents at the beginning of the financial year 10,683,656 1,752,263 Effects of exchange rate changes on cash and cash equivalents (89,315) (540,712) Cash and cash equivalents at the end of the financial year 8 35,570,347 10,683,656 The above consolidated statement of cash flows should be read in conjunction with the accompanying notes Consolidated Statement of Cash Flows for the year ended 30 June 2022 26 Melbana Energy Limited Annual Report 2022

RkJQdWJsaXNoZXIy MjE2NDg3