Siren Gold Limited Annual Report 2020

6 Cash and Cash Equivalents 2020 $ 2019 $ a. Reconciliation of cash Cash at bank 8,776,581 157,853 Short-term bank deposits 25,000 – 8,801,581 157,853 b. Cash Flow information Reconciliation of cash flow from operations to loss after income tax Loss after income tax (1,422,251) (248,524) Non-cash flows in investing/financing activities – Other Income (1,891) – Non-cash flows in profit – Depreciation 6,667 – – Foreign exchange loss (37,931) – – Share-based payments 405,240 – – Annual leave provision 7,536 – Changes in assets and liabilities – Increase in prepayments (17,249) – – Decrease in receivables – 8,006 – (Decrease) in payables (16,951) (76,662) – (Decrease) in provisions – (14,414) Cash out flow from operations (1,076,830) (331,594) 7 Trade and other receivables 2020 $ 2019 $ Current Unsecured GST receivable 126,392 – Prepayments 17,528 – Other receivables – 479 143,920 479 8 Exploration and Evaluation Expenditure 2020 $ 2019 $ Non-Current Opening 327,050 188,942 Capitalised exploration during the year 1,635,976 136,368 Movement in currency exchange rates (11,696) 1,740 Closing 1,951,330 327,050 Notes to the Consolidated Financial Statements for the year ended 31 December 2020 Annual Report 2020 41