b'CENTAURUS METALS ANNUAL REPORT 2023 Financial Report31 December 2023Consolidated Statement of Cash Flows For the year ended 31 December 2023 31 December31 December 2023 2022Note$$Cash flows from operating activities Exploration and evaluation expenditure(37,662,227)(37,758,214) Payments to suppliers and employees (inclusive of GST)(4,762,615)(3,783,579) Other receipts517,874265,862 Interest received1,292,8651,303,051 Net cash used in operating activitiesNote 14(40,614,103)(39,972,880)Cash flows from investing activities Payments for property plant & equipment(2,233,281)(3,507,396) Payment for exploration acquisitions(550,877)(2,367,239) Buy back of project royalty-(1,000,000) Proceeds from sale of mineral assets14,020- Proceeds from sale of property plant & equipment-20,249 Net cash used in investing activities(2,770,138)(6,854,386)Cash flows from financing activities Proceeds from issue of equity securities46,934,21275,000,000 Proceeds from the exercise of options569,8001,052,700 Capital raising costs(2,979,687)(3,329,802) Payment of lease liability(572,903)(252,215) Net cash from financing activities43,951,42272,470,683Net increase/(decrease) in cash and cash equivalents567,18125,643,417 Cash and cash equivalents at the beginning of the period34,047,7228,259,389 Effect of exchange rate fluctuations on cash held58,949144,916 Cash and cash equivalents at 31 DecemberNote 1334,673,85234,047,722 The above Consolidated Statement of Cash Flows should be read in conjunction with the accompanying Notes.Page 28 of 54 54 ANNUAL REPORT CENTAURUS METALS LIMITED CENTAURUS METALS LIMITED ANNUAL REPORT 55'