Siren Gold Limited Annual Report 2021

5 Cash and cash equivalents 2021 $ 2020 $ a. Reconciliation of cash Cash at bank 5,704,496 8,776,581 Short-term bank deposits 25,000 25,000 5,729,496 8,801,581 b. Cash Flow information Reconciliation of cash flow from operations to loss after income tax Loss after income tax (1,319,748) (1,422,251) Non-cash flows in investing/financing activities – Sundry income – (1,891) Non-cash flows in profit – Depreciation 50,959 6,667 – Foreign exchange loss (102,153) (37,931) – Share-based payments – 405,240 – Annual leave provision 14,116 7,536 Changes in assets and liabilities – Increase in prepayments (14,709) (17,249) – Decrease in payables (38,385) (16,951) – Increase in provisions 21,652 – Cash flow from operations (1,373,748) (1,076,830) 6 Trade and other receivables 2021 $ 2020 $ Current Unsecured GST receivable 188,467 126,392 Prepayments 32,237 17,528 220,704 143,920 7 Exploration and evaluation expenditure 2021 $ 2020 $ Non-Current Opening 1,951,330 327,050 Capitalised exploration during the year 6,075,091 1,635,976 Movement in FX 9,967 (11,696) Closing 8,036,388 1,951,330 Notes to the Consolidated Financial Statements for the year ended 31 December 2021 Annual Report 2021 41