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TAW - Tawana - Appendix 5B - Mining exploration entity quarterly report

Release Date: 29/01/2010 12:13
Code(s): TAW
Wrap Text

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 -------------- -------------- 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 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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