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TAW - Tawana - Appendix 5B - Mining exploration entity quarterly report
Tawana Resources NL
(Incorporated in Australia)
(Registration number ACN 085 166 721)
Share code on the JSE Limited: TAW
ISIN: AU000000TAW7
Share code on the Australian Stock Exchange Limited: TAW
ISIN: AU000000TAW7
("Tawana" or "the Company")
Rule 5.3
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
Tawana Resources N.L.
ABN Quarter ended ("current quarter")
69 085 166 721 31 December 2009
Consolidated statement of cash flows
Cash flows related to operating Current quarter Year to date
activities $A`000 12 months)
$A`000
1.1 Receipts from product - -
sales and related debtors
1.2 Payments for:
(a) exploration and (8) (230)
evaluation
(b) development - -
(c) production - -
(d) administration (178) (648)
1.3 Dividends received - -
1.4 Interest received 9 15
1.5 Interest and other costs - -
of finance paid
1.6 Income taxes paid - -
1.7 Other (provide details if (9) (4)
material)
(VAT Refund from SARS)
-------------- --------------
Net Operating Cash Flows (186) (867)
-------------- --------------
Cash flows related to
investing activities
1.8 Payment for purchases of:
(a)prospects - -
(b)equity investments - -
(c) other fixed assets - -
1.9 Proceeds from sale of:
(a)prospects - -
(b)equity investments - -
(c) other fixed assets 41 236
1.10 Loans to other entities - -
1.11 Loans repaid by other - -
entities
-------------- --------------
Net investing cash flows 41 236
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1.13 Total operating and (145) 631)
investing cash flows
(carried forward)
Cash flows related to
financing activities
1.14 Proceeds from issues of 323 411
shares, options, etc.
1.15 Proceeds from sale of - -
forfeited shares
1.16 Proceeds from borrowings 125 550
1.17 Repayment of borrowings - -
1.18 Dividends paid - -
1.19 Other (provide details if - -
material)
Net financing cash flows 448 961
Net increase (decrease) in 303 330
cash held
1.20 Cash at beginning of 40 13
quarter/year to date
1.21 Exchange rate adjustments 5 5
to item 1.20
1.22 Cash at end of quarter 348 348
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 230
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` fees and payments made to Wilmoth Field Warne -
an entity related to a director.
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
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
Financing facilities available
Add notes as necessary for an understanding of the position.
Amount Amount
available used
$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 10
4.2 Development
Total 10
Reconciliation of cash
Reconciliation of cash at Current Previous
the end of the quarter (as quarter quarter
shown in the consolidated $A`000 $A`000
statement of cash flows)
to the related items in
the accounts is as
follows.
5.1 Cash on hand and at bank 348 40
5.2 Deposits at call - -
5.3 Bank overdraft - -
5.4 Other (provide details) - -
Total: cash at end of
quarter (item 1.22) 348 40
Changes in interests in mining tenements
Tenement Nature of Interest Interest
refer-ence interest at begin- at end of
(note (2)) ning of quarter
quarter
6.1 Interests in
mining
tenements
relinquished,
reduced or
lapsed
6.2 Interests in
mining
tenements
acquired or
increased
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.
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 Amount
quoted price paid up
per per
security security
7.1 Preference
+securities
(description)
7.2 Changes
during
quarter
(a)
Increases
through
issues
(b)
Decreases
through
returns of
capital, buy-
backs,
redemptions
7.3 +Ordinary
securities 134,699,768 134,699,768
7.4 Changes
during
quarter
(a) 82,439,586 82,439,586 $0.005 $0.005
Increases
through
issues
(b) Increase
through
exercise of
options
7.5 +Convertible 6,666,667
debt
securities
(description)
7.6 Changes
during
quarter
(a) Increases
through
issues
(b) Decreases
through
securities
matured,
converted
7.7 Options Exercise Expiry
(description price date
and
conversion
factor)
13,240,053 13,240,053 $0.10 1/04/2011
1,420,000 $ 0.35 30/11/2011
6,750,000 $ 0.10 17/01/2014
4,000,000 $ 0.07 18/06/2012
6,000,000 $ 0.10 17/01/2013
6,750,000 $ 0.07 17/01/2013
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.
Sign here: Date: 29th January, 2010
(Director)
Print name: Euan Luff
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.
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty)( Ltd)
Date: 29/01/2010 12:13:01 Supplied by www.sharenet.co.za
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