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DJ IMC Exploration Group Plc Half-year Report -2-

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                                                                                 Expenditure   Equipment     Assets       Total 
 
                                                                                        Euro        Euro       Euro        Euro 
 
Cost 
 
At 30 June 2015                                                                      524,724       6,125     38,738     569,587 
 
Additions/Disposals                                                                  62,941-           -          -      62,941 
 
At 30 June 2016                                                                      587,665       6,125     38,738     632,528 
 
Additions/Disposals                                                                        -           -          0           0 
 
At 31 December 2016                                                                  587,665       6,125     38,738     632,528 
 
Provision for diminution in value 
 
At 30 June 2015                                                                            -     (4,660)   (38,738)    (43,398) 
 
Charge for period                                                                          -     (1,465)          -     (1,465) 
 
Disposal                                                                                   -           0          -           0 
 
At 30 June 2016                                                                            -     (6,125)   (38,738)    (44,863) 
 
Charge for period                                                                          -           -          0           0 
 
At 31 December 2016                                                                        -     (6,125)   (38,738)    (44,863) 
 
Net book value 
 
At 31 December 2016                                                                  587,665           0          0     587,665 
 
Expenditure on exploration activities is deferred on areas of interest until a 
reasonable assessment can be determined of the existence or otherwise of 
economically recoverable reserves. No amortisation has been charged in the 
period. The directors have reviewed the carrying value of the exploration and 
evaluation assets and consider it to be fairly stated and not impaired at 31 
December 2016. The recoverability of the exploration and evaluation assets is 
dependent on the successful development of the group's licence areas. 
 
 
 
3.   Share capital - Group and Company 
 
                                                                       31-Dec-16              31-Dec-15              30-Jun-16 
 
                                                                            Euro                   Euro                   Euro 
 
200,000,000 Ordinary shares of Euro 0.001                                200,000                200,000                200,000 
each 
 
50,000 "A" Ordinary shares of One Euro each                               50,000                 50,000                 50,000 
 
                                                                         250,000                250,000                250,000 
 
Issued, called up and fully paid 
 
                                                                                              Number of      Share       Share 
 
                                                                                                 shares    Capital     Premium 
 
                                                                                                              Euro        Euro 
 
Euro 0.001 Ordinary Shares 
 
As at 30 June 2015                                                                           74,316,719     74,317   1,739,769 
 
Issued in period                                                                             33,500,000     33,500     497,646 
 
As at 30 June 2016                                                                          107,816,719    107,817   2,237,415 
 
Issued in period                                                                                      -          -           - 
 
As at 31 December 2016                                                                      107,816,719    107,817   2,237,415 
 
Issued, called up and partly paid 
 
                                                                                              Number of      Share       Share 
 
                                                                                                 shares    Capital     Premium 
 
                                                                                                              Euro        Euro 
 
One Euro A Ordinary Shares 
 
As at 30 June 2015                                                                               38,093     38,093           - 
 
Issued in period                                                                                      -          -           - 
 
As at 30 June 2016                                                                               38,093     38,093           - 
 
Issued in period                                                                                      -          -           - 
 
As at 31 December 2016                                                                           38,093     38,093           - 
 
"A" Ordinary Shares have the right to receive notice of and attend but not to 
vote at general meetings, no right to a dividend, right to return of capital 
but no further right to participate in a distribution of assets of the company. 
 
The directors of the issuer accept responsibility for this 
announcement. 
 
Contact Details: 
 
IMC Exploration Group PLC 
 
Mr. Liam McGrattan 
 
Tel.  Ireland +353 872745427 
 
This announcement is distributed by PR Newswire on behalf of the company. 
 
The issuer of this announcement warrants that they are solely responsible for 
the content, accuracy and originality of the information contained therein. 
 

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About IMC Exploration

IMC Exploration Group plc was incorporated in Ireland in June 2011 with a view to identifying precious and basemetal deposits in Ireland.


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Contact details

IMC Exploration Group plc,
70 Ballybough Road,
Ballybough,
Dublin 3, Ireland

Telephone: +353 872819215
Email: info@imcexploration.com

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