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FSE - Firestone Energy Limited - Appendix 5B Mining exploration entity
quarterly report for the quarter ended 31 December 2009
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 for the quarter ended
31 December 2009
Consolidated statement of cash flows
Current Year to date
Cash flows related to operating quarter (6 months)
activities $A`000 $A`000
1.1 Receipts from product sales and - -
related debtors
1.2 Payments for (a) exploration (948) (948)
and evaluation - -
(b) development - -
(c) production (486) (1,075)
(d) administration
1.3 Dividends received - -
1.4 Interest and other items of a 16 31
similar nature received
1.5 Interest and other costs of (21) (27)
finance paid
1.6 Income taxes paid - -
1.7 Other - African project related - (193)
costs
Net Operating Cash Flows (1,439) (2,212)
Cash flows related to investing
activities
1.8 Payment for purchases of:
(a) (4,573) (6,871)
prospects - -
(b) (1,116) (1,125)
equity investments
(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 (provide details if - -
material)
Net investing cash flows (5,689) (7,996)
1.13 Total operating and investing
cash flows (carried forward) (7,128) (10,208)
1.13 Total operating and investing
cash flows (brought forward) (7,128) (10,208)
Cash flows related to financing
activities
1.14 Proceeds from issues of shares, 9,000 11,680
options, etc.
1.15 Proceeds from sale of forfeited - -
shares
1.16 Proceeds from borrowings - -
1.17 Repayment of borrowings - (100)
1.18 Other - Share Issue and (1,622) (1,713)
Underwriters Costs
1.19 Other (provide details if
material)
Net financing cash flows
7,378 9,867
Net increase (decrease) in cash 250 (341)
held
1.20 Cash at beginning of 1,277 1,870
quarter/year to date
1.21 Exchange rate adjustments to - (2)
item 1.20
1.22 Cash at end of quarter
1,527 1,527
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 5,620
parties included in item 1.2 & 1.8
1.24 Aggregate amount of loans to the parties -
included in item 1.10
1.25 Explanation necessary for an understanding of the
transactions
Payments to Sekoko Resources (Director related entity)
pursuant to JV agreement - $5,620K
Directors, consulting, company secretarial and accounting
fees - $98K
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
1,000,000 ordinary shares @ 4 cents per share issued to
consultant in relation to capital raising.
25,000,000 ordinary shares @ 5 cents per share issued to
consultant in relation to completion of T2 transaction.
868,176,563 ordinary shares @ 4.5 cents per share issued
to Sekoko Resources for part settlement of T2 transaction.
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
1,300
4.2 Development
-
Total 1,300
Reconciliation of cash
Reconciliation of cash at the Current Previous
end of the quarter (as shown quarter quarter
in the consolidated statement $A`000 $A`000
of cash flows) to the related
items in the accounts is as
follows.
5.1 Cash on hand and at 1,527 11
bank
5.2 Deposits at call
- 1,266
5.3 Bank overdraft
- -
5.4 Other (provide details)
- -
Total: cash at end of
quarter (item 1.22) 1,527 1,277
Changes in interests in mining tenements
Tenement Nature of Interest Interest at
reference interest at end of
(note (2)) beginning quarter
of quarter
6.1 Interests in
mining Nil
tenements
relinquished,
reduced or
lapsed
6.2 Interests in
mining Nil
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 Issue price Amount paid
quoted per security up per
(see note 3) security (see
(cents) note 3)
(cents)
7.1 Preference
+securities Nil Nil
(description)
7.2 Changes during
quarter Nil Nil
(a) Increases
through issues
(b) Decreases
through
returns of
capital, buy-
backs,
redemptions
7.3 +Ordinary
securities
FSE 2,331,300,46 2,331,300,46 Fully Paid
4 4
7.4 Changes during
quarter
(a) Increases 1,000,000 1,000,000 4 cents 4 cents
through issues 25,000,000 25,000,000 5 cents 5 cents
868,176,563 868,176,563 4.5 cents 4.5 cents
(b) Decreases
through
returns of
capital, buy-
backs
7.5 +Convertible
debt
securities
Unsecured
Convertible
Notes - Each
converting to
12.5M ordinary
shares and
paying a
coupon rate of
10% pa
7.6 Changes during
quarter
(a) Increases 18 Nil $500,000 $500,000
through issues each each
(b) Decreases
through
securities
matured,
converted
7.7 Options Exercise Expiry date
FSEAK 30,000,000 Nil price 30 Nov 2012
FSEAM 110,000,000 Nil 5 cents 31 May 2013
FSEAO 96,904,767 Nil 6 cents 30 June 2013
FSEAI 25,875,000 Nil 6 cents 30 June 2014
6 cents
7.8 Issued during - - - -
quarter
7.9 Exercised - - - -
during quarter
7.10 Expired during - - - -
quarter
7.11 Debentures - -
(totals only)
7.12 Unsecured
notes (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.
Date: 28 January 2010
Company Secretary
Print name: Rance Dorrington
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.
For Information please contact:
John Wallington
Managing Director
Telephone: +61 8 9381 2755
Registered Office
63 Hay Street
Subiaco 6008
Western Australia
Telephone: +61 8 9381 2755
Facsimile: +61 8 6380 1278
www.firestoneenergy.com.au
Pretoria
29 January 2010
Sponsor
River Group
Date: 29/01/2010 11:33:01 Supplied by www.sharenet.co.za
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