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FSE - Firestone Energy Limited - Appendix 5B
FIRESTONE ENERGY LIMITED
(formerly Centralian Minerals Limited)
(Registration number: ABN 058 436 794)
(SA company registration number: 200/023973/10
Share code on the JSE: FSE
Share code on the ASX: FSE
ISIN: AU000000FSE6
("FSE" or "the Company")
Appendix 5B
Mining exploration entity quarterly report
Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.
Name of entity
Firestone Energy Limited
ABN Quarter ended ("current
quarter")
71 058 436 794 30 September 2009
Consolidated statement of cash flows
Cash flows related to operating Current Year to
activities quarter date
$A`000 (3 months)
$A`000
1.1 Receipts from product sales and - -
related debtors
1.2 Payments for (a) exploration - -
and evaluation - -
(b) development - -
(c) production (589) (589)
(d) administration
1.3 Dividends received - -
1.4 Interest and other items of a 15 15
similar nature received
1.5 Interest and other costs of (6) (6)
finance paid
1.6 Income taxes paid - -
1.7 Other - African project related (193) (193)
costs
Net Operating Cash Flows (773) (773)
Cash flows related to investing
activities
1.8 Payment for purchases of: (2,298) (2,298)
(a)prospects - -
(b)equity investments (9) (9)
(c) other fixed assets
1.9 Proceeds from sale of: - -
(a)prospects - -
(b)equity investments - -
(c)other fixed assets
1.10 Loans to other entities - -
1.11 Loans repaid by other entities - -
1.12 Other - -
Net investing cash flows (2,307) (2,307)
1.13 Total operating and investing
cash flows (carried forward) (3,080) (3,080)
1.13 Total operating and investing
cash flows (brought forward) (3,080) (3,080)
Cash flows related to financing
activities
1.14 Proceeds from issues of shares, 2,680 2,680
options, convertible notes
1.15 Proceeds from sale of forfeited - -
shares
1.16 Proceeds from borrowings - -
1.17 Repayment of borrowings (100) (100)
1.18 Other- share issue expenses (91) (91)
1.19 Other - -
Net financing cash flows 2,489 2,489
Net increase (decrease) in cash (591) (591)
held
1.20 Cash at beginning of 1,870 1,870
quarter/year to date
1.21 Exchange rate adjustments to (2) (2)
item 1.20
1.22 Cash at end of quarter 1,277 1,277
Payments to directors of the entity and associates of the directors
Payments to related entities of the entity and associates of the related
entities
Current
quarter
$A`000
1.23 Aggregate amount of payments to the parties 2,298
included in item 1.2
1.24 Aggregate amount of loans to the parties -
included in item 1.10
1.25 Explanation necessary for an understanding of the
transactions
Directors, consulting, company secretarial and
accounting fees - $Nil
Payments to Sekoko Resources (director related entity)
pursuant to JV agreement - $2,298k
Non-cash financing and investing activities
2.1 Details of financing and investing transactions which
have had a material effect on consolidated assets and
liabilities but did not involve cash flows
Conversion of convertible loan of $500k and $45k
interest through issue of 15,172,606 ordinary shares on
16 Sept 2009
2.2 Details of outlays made by other entities to establish
or increase their share in projects in which the
reporting entity has an interest
N/A
Financing facilities available
Add notes as necessary for an understanding of the position.
Amount Amount used
available $A`000
$A`000
3.1 Loan facilities - -
3.2 Credit standby arrangements - -
Estimated cash outflows for next quarter
$A`000
4.1 Exploration and evaluation 1,430
4.2 Development -
Total 1,430
Reconciliation of cash
Reconciliation of cash at the end of Current Previous
the quarter (as shown in the quarter quarter
consolidated statement of cash flows) $A`000 $A`000
to the related items in the accounts
is as follows.
5.1 Cash on hand and at bank 11 368
5.2 Deposits at call 1,266 1,503
5.3 Bank overdraft - -
5.4 Other - -
Total: cash at end of quarter 1,277 1,871
(item 1.22)
Changes in interests in mining tenements
Tenement Nature of Interest at Interest
reference interest beginning at end of
(note (2)) of quarter quarter
6.1 Interests in Nil
mining
tenements
relinquished,
reduced or
lapsed
6.2 Interests in Nil
mining
tenements
acquired or
increased
Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or conversion rights
together with prices and dates.
Total number Number quoted Issue price Amount paid
per security up per
(see note 3) security
(cents) (see note 3)
(cents)
7.1 Preference
+securities Nil Nil
(description)
7.2 Changes
during Nil Nil
quarter
(a)
Increases
through
issues
(b)
Decreases
through
returns of
capital, buy-
backs,
redemptions
7.3 +Ordinary
securities 1,437,123,901 1,437,123,901 Fully Paid
FSE
7.4 Changes
during
quarter 67,000,000 67,000,000 4 cents 4 cents
(a) 15,172,606 15,172,606 3.592 cents 3.592 cents
Increases - -
through n/a n/a
issues
(b)
Decreases
through
returns of
capital, buy-
backs
7.5 +Convertible - - - -
debt
securities
7.6 Changes
during
quarter
(a) Increases
through
issues
(b) Decreases
through 500,000 - $1.00 $1.00
securities
matured,
converted
FSEAQ
7.7 Options Exercise Expiry
FSEAK 30,000,000 Nil Price 30 Nov 12
FSEAM 110,000,000 Nil 5 cents 31 May 13
FSEAO 96,904,767 Nil 6 cents 30 Jun 13
FSEAI 25,875,000 Nil 6 cents 30 Jun 14
6 cents
7.8 Issued during - - - -
quarter -
FSEAI
7.9 Exercised - - - -
during
quarter FSEAI
7.10 Expired - - - -
during
quarter
7.11 Debentures - -
(totals only)
Compliance statement
1 This statement has been prepared under accounting policies which comply
with accounting standards as defined in the Corporations Act or other
standards acceptable to ASX (see note 4).
2 This statement does give a true and fair view of the matters disclosed.
Simon Storm
Company Secretary
Notes
1 The quarterly report provides a basis for informing the market how the
entity`s activities have been financed for the past quarter and the effect
on its cash position. An entity wanting to disclose additional information
is encouraged to do so, in a note or notes attached to this report.
2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of
interests in mining tenements acquired, exercised or lapsed during the
reporting period. If the entity is involved in a joint venture agreement
and there are conditions precedent which will change its percentage
interest in a mining tenement, it should disclose the change of percentage
interest and conditions precedent in the list required for items 6.1 and
6.2.
3 Issued and quoted securities The issue price and amount paid up is not
required in items 7.1 and 7.3 for fully paid securities.
4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive
Industries and AASB 1026: Statement of Cash Flows apply to this report.
5 Accounting Standards ASX will accept, for example, the use of International
Accounting Standards for foreign entities. If the standards used do not
address a topic, the Australian standard on that topic (if any) must be
complied with.
Pretoria
30 October 2009
Sponsor and Corporate Advisor
River Group
Date: 30/10/2009 08:32:01 Supplied by www.sharenet.co.za
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