Ann: Interim Financial Statements, page-3

"The net loss after income tax for the half-year was $933,629"

"On 26 February 2016 Mr John Banning resigned as Managing Director of the Company."

"As at 31 December 2015 the Group has cash assets of $363,705, and total current liabilities at that date amounting to $3,719,282, including employee leave liabilities of $417,767"

"The ability of the Group to continue as a going concern is dependent on the settlement of the acquisition of the SPM assets in accordance with the material terms of the acquisition agreement, the finalisation of the US$20M loan facility, the potential sale of surplus tenements, the delay of uncommitted expenditure if required and the subsequent positive financial performance of the SPM production and mining assets."

The existence of these conditions gives rise to a material uncertainty that may cast significant doubt on the Group’s ability to continue as a going concern and therefore, whether it will be able to realise its assets and extinguish its liabilities in the normal course of business and at the amount stated in the financial report."

Doesn't look too good to me.