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Resource Generation Limited - Half Yearly Report To 31 December 2012

Release Date: 05/02/2013 10:35:00      Code(s): RSG     
Resource Generation Limited
Registered in Australia under the Corporations Act, 2001 (Cth) with registration number ACN: 059 950 337
ISIN: AU000000RES1
Share Code on the ASX: RES
Share Code on the JSE: RSG
("Resgen" or the ?Company?) 


5 February 2013

ASX Release

                    Half Yearly Report to 31 December 2012
The company continued its focus on developing the Boikarabelo coal mine in South
Africa for the half year as previously reported to shareholders.

A loss for the half year of $0.8 million was recorded. The major items making up this
loss were as follows:

     Interest income                                                           $0.8 million

     Share based compensation                                                 ($0.2 million)

     Farm management expenses                                                 ($0.1 million)

     Net operating expenses                                                   ($1.3 million)

     Loss                                                                     ($0.8 million)



Contacts
Paul Jury, Managing Director on (02) 9376 9000 or
Steve Matthews, Company Secretary on (02) 9376 9000




 Resource Generation is developing the Boikarabelo coal mine in the Waterberg
 region of South Africa where there are probable reserves of 744.8 million tonnes of
 coal on 35% of the tenements under its control.




Resource Generation Limited (ACN 059 950 337)             www.resgen.com.au
Level 12 Chifley Tower, 2 Chifley Square, Sydney NSW 2000
GPO Box 5490, Sydney NSW 2001. Phone +61 2 9376 9000 Fax +61 2 9376 9013
                                                                                               1
RESOURCE GENERATION LIMITED
ASX Appendix 4E
Half Year Report


                                                    APPENDIX 4E

                                      Half Year Report for the period ended
                                                31 December 2012
Results for announcement to the market
(All comparisons to half year ended 31 December 2011)
                                                                      31-Dec
                                                                        2012                               Movement
                                                                       $'000         Up/(Down)

Revenue from ordinary activities                                         758           Down                  -29.03%

Loss from ordinary activities after tax                                 (760)          Down                 -211.76%

Net loss for the half year                                              (760)          Down                 -211.76%


Dividends                                                       Amount per
                                                                  security
                                                                         $
Dividends                                                                -

There was no dividend paid or proposed during the period


There are no dividend or distribution plans in operation at 31 December 2012.


Net tangible asset backing                                            31-Dec                                  31-Dec
                                                                        2012                                    2011
                                                                           $                                       $

Net tangible asset backing per ordinary security                         0.51                                    0.52




Additional Appendix 4E disclosure requirements can be found in the notes to the 2012 Half Year Financial Statements




The report is based on the consolidated 2012 Half Year Financial Statements which have been reviewed by Deloitte
Touche Tohmatsu with the Independent Auditor's Review Report included in the Half Year Financial Statements.


Sydney
05 February 2013

JSE Sponsor:
Macquarie First South Capital (Proprietary) Limited

Date: 05/02/2013 10:35:00 Supplied by www.sharenet.co.za                     
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