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2016-02-26

Delta Minerals: Year-end report January-December 2015

This is a translation if any differences the Swedish one is the
valid.)

Fourth quarter October to December

· Operating income totaled -3 075TSEK (-2 641) TSEK
· Profit after tax was for the period amounted to -3 078 TSEK (-2
276) TSEK

· Earnings per share amounted to -0.04 SEK (-0.04) SEK
· Equity per share amounted to 0.15SEK (0.19) SEK
The period from January to December

· Operating income totaled -6 905 TSEK (-7 659) TSEK
· The result after tax was -6 560 TSEK (-7 294) TSEK
· Earnings per share amounted to SEK-0.08 (-0.10) SEK
· Equity per share amounted to 0.15 SEK (0.19) SEK

Significant events during the reporting period

· The company now supplies iron ore to China. Supply contract and the deposit has been made with Chinese Mining Sun Globe and Resources Corporation. Delta Minerals obtained in October 2015 advance payment on the first delivery.
· Delta Minerals signed a contract concerning the sale of construction sand as of October 2015
· Delta Minerals decided to expand production with brick material.
· The activities of the Philippines are estimated now to reach break-even.
· Delta Minerals conducted in November a fully underwritten rights issue of 3.2 MILLION with an option for the Company board to decide on an oversubscription of share issue of about 2 million. The rights issue was subscribed to 706%
· Delta Minerals president of the Philippine company and Board member of the parent company, Cornelio Casido acquired 2 115 217 A-shares by Patric Perenius, a former board member.

Significant events after the end of the reporting period

· Delta Minerals Ltd has completed the new share issues as the Board decided authorized by the extraordinary general meeting on 14 October 2015.

Delta Minerals

Delta Minerals AB is a public Swedish limited company listed on
AktieTorget with rights to pursue environmental projects in the
Philippines with the support of regional/local authorities. The
company's goal is to carry on business in river deltas in
northern/North-Western Philippines for the extraction of minerals and
sand.

The company's operations

During the year, pilot production in Aparri, Cagayan is used to build
up sales channels. This work has now been fruitful and the initial
payment to the company concerning the sale took place in October.

Magnetite

The company has during the period reached a so-called framework
agreement with Golden Kingdom Holding (GKH) for the sale of magnetite
to China. GKH is a trading company in the field of raw materials
based in Singapore.

This framework agreement will complement the company's earlier signed
a contract with SunGlobe Mining and Resources Corp-oration.

A first call on magnetite with advance payment has been made with the
Chinese SunGlobe Mining and Resources Corporation. The agreement is
based on the framework agreement on 60,000 tons of iron ore.

Construction material

Agreements have been signed with Heritage Resources and Mining Corp.
regarding the sale of construction sand.

The contract is initially around 4000ton/month. Volumes may increase
during the dry season from November to July.

The products are delivered directly from the factory in Aparri and
thereby Delta Minerals will have no transport costs.

Uses are prefab structures as beams for example the ongoing Skyway
facility in Manila, cement constructions for buildings, cement pipes
for drains in Manila as well as other cities in the Philippines.

Bricks

The river material as Delta Minerals takes out of the Cagayan River
includes small particles known as slimes, which must be separated
before the sand can be sold.

The material is very suitable for brick production. A company in
southern Philippines provides equipment for this production. The
technology is adapted to local conditions. Production is estimated at
a few thousand tons per month, leaving an active contribution.

The production has several advantages for the company: Delta Minerals
receives revenues rather than costs for handling the material. The
production process is labor intensive and provides jobs for local
people. The final product is affordable and contributes to the
improvement of housing in the region.

This activity is part of Delta Minerals efforts to manage all river
materials properly.

Turnover

Recent developments with magnetite sales (iron ore), sales of building
materials sand and last sale of bricks now gives a turnover for
production in Aparri, Cagayan, which will be in the range of 5-7 MSEK
at current annual rate.

The sale should provide a sufficient contribution to the activities of
the Philippines to cover their running costs.

The company is now working in particular on consolidating the sales
and prepare for the supply of reclamation sand in the first half of
the year 2016 to Chahaya, Singapore.

Intense negotiations are currently underway for nearby supplies of
sand.

Economic outcomes

Group highlights

SEC 2015-10-01 2014-10-01 2015-01-01 2014-01-01
2015-12-31 2014-12-31 2015-12-31 2014-12-31
Net sales - - - -
Other operating 677 - 677 -
income
Operating expenses -3 052 434 -2 640 885 -6 785 017 -7 659 120
Operating profit -3 075 043 -2 640 885 -6 905 346 -7 659 120
Net financial 18 308 364 897 45 401 364 923
items
Profit/loss after -3 078 862 -2 275 988 -6 560 429 -7 294 197
tax
Earnings per share -0.04 -0.04 -0.08 -0.10
Shareholders ' 0.15 0.19 0.15 0.19
equity per share
Change in cash and 394 171 464 200 -2 997 072 3 785 349
cash equivalents

Economic outcomes for the parent company

Profit after tax for the quarter amounted to SEK-1 980 (-774) TSEK.
For January-December amounted to -4 621 (-5 036) TSEK. The balance
sheet total amounted at the end of the period to 18 469 (17 404)
TSEK.

Economic outcomes group

Operating income totaled -3 075 (-2 641) TSEK and for the fourth
quarter to -6 905 (-7 659) TSEK for the full year. Cash flow in the
fourth quarter was 394 (464) TSEK and for January to december-2 997
(3 785) TSEK.

The balance sheet total at the end of the period was 14 168 (14 984)
TSEK.

Financing
The Group's liquid assets amounted to 1 029 (4 028) TSEK 31 December.
The equity ratio at 31 December amounted to 90 (98) percent and the
equity of 12 716 (14 606) TSEK.

During the year, the company implemented emissions totaling 5 229
TSEK. By 2015-12-31 is the share issue pending but not registered.
Equity issuance has brought about 4 667 TSEK after issue costs. The
recent issue was oversubscribed with 706% and ended in January 2016.

Financial and other information

Group structure

Delta Minerals AB controls 100% of Delta Minerals Environmental Inc.,
based in Manila, Philippines. In the beginning of 2015 a wholly owned
sales companies in Singapore was formed, Delta Minerals Sg to support
sales efforts.

Investments

The Group's cash net investment amounts for the quarter 84 (63) TSEK
and for January to December 273 (63) TSEK.

Transactions with related parties

Milonga Resources AB has through Thomas Lundgren during the year
invoiced a total of 1 226 TSEK and 557 to the company during the
quarter TSEK regarding consulting and directors ' fees. Thomas
Lundgren's CEO in Delta Minerals. International Advisory Management
AB (IAM) has by Håkan Gustafsson invoiced during the year a total of
838 TSEK and 541 for the quarter TSEK regarding consulting and
directors ' fees. Hakan Gustafsson is the Chairman of the Board in
Delta Minerals. Geokraft Tore H AB has through the total invoiced
during the year Tore Hallberg 50 SEK 25 to the company during the
quarter TSEK regarding consulting and directors ' fees. Tore Hallberg
is former Board member in Delta Minerals AB.

Number of shares

The number of shares outstanding at 31 December is 86 956 521. These
are divided into 6 284 130 A-shares and 80 672 391 B shares. In the
on-going issues are 40 229 353 B-shares.

Stockholm on 25 February 2016

Thomas Håkan Gustafsson Cornelio Casido Christian Bönnelyche
Lundgren
CEO and Chairman of the Board Board Member Board Member
Board
Member

This interim report has not been reviewed by the company's Auditors.
The annual report will be published three weeks before the annual
general meeting.

For further information, please contact

Thomas Lundgren, CEO, Tel. + 46 (0) 70-397 25 24

Financial information

Quarterly report Q1 May 19, 2016

Address

Delta Minerals AB (publ)
Box 26
SE-182 11 Danderyd, Sweden
www.deltaminerals.se

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http://news.cision.com/delta-minerals/r/year-end-report-january-december...
http://mb.cision.com/Main/11613/9925296/482375.pdf

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