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FSE - Firestone Energy Limited - Mining exploration entity quarterly report
FIRESTONE ENERGY LIMITED
(formerly: Centralian Minerals Limited)
(Incorporated in Australia)
(Registration number ABN 058 436 794)
Share code on the JSE Limited: FSE Share code on the ASX: FSE
ISIN: AU000000FSE6
(SA company registration number 2008/023973/10)
("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,
01/06/10.
Name of entity
Firestone Energy Limited
ABN Quarter ended
("current quarter")
71 058 436 794 30 Sept 2010
Consolidated statement of cash flows
Current Year to date
Cash flows related to operating quarter (3 months)
activities $A`000 $A`000
1.1 Receipts from product sales - -
and related debtors
1.2 Payments for (a) (1,553) (1,553)
exploration & evaluation - -
(b) development - -
(c) production (303) (303)
(d) administration
1.3 Dividends received - -
1.4 Interest and other items of a
similar nature received 19 19
1.5 Interest and other costs of (35) (35)
finance paid
1.6 Income taxes paid - -
1.7 Other (GST refund) 148 148
Net Operating Cash Flows (1,724) (1,724)
Cash flows related to
investing activities
1.8 Payment for purchases of: - -
(a) prospects - -
(b) (1,803) (1,803)
equity investments
(c)
other fixed assets
1.9 Proceeds from sale of: (a) - -
prospects - -
(b) - -
equity investments
(c)
other fixed assets
1.1 Loans to other entities - -
0
1.1 Loans repaid by other entities - -
1
1.1 Other (provide details if - -
2 material)
(1,803) (1,803)
Net investing cash flows
1.1 Total operating and investing (3,527) (3,527)
3 cash flows (carried forward)
1.1 Total operating and investing (3,527) (3,527)
3 cash flows (brought forward)
Cash flows related to financing
activities
1.1 Proceeds from issues of shares, 2,900 2,900
4 options, etc.
1.1 Proceeds from sale of forfeited - -
5 shares
1.1 Proceeds from borrowings - -
6
1.1 Repayment of borrowings - -
7
1.1 Capital raising costs - -
8
1.1 Other - Interest paid - -
9
Net financing cash flows 2,900 2,900
Net increase (decrease) in cash (627) (627)
held
1.2 Cash at beginning of 2,130 2,130
0 quarter/year to date
1.2 Exchange rate adjustments to - -
1 item 1.20
1.2 Cash at end of quarter 1,503 1,503
2
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
1.2 Aggregate amount of payments to the 1,618
3 parties included in item 1.2
1.2 Aggregate amount of loans to the parties -
4 included in item 1.10
1.2 Explanation necessary for an understanding of the
5 transactions
Directors fees - $65K.
Payments to Sekoko Resources (director related entity)
pursuant to JV agreements and for costs incurred for
and on behalf of FSE - $1,553K
Non-cash financing and investing activities
2. Details of financing and investing transactions which
1 have had a material effect on consolidated assets and
liabilities but did not involve cash flows
N/A
2. Details of outlays made by other entities to establish
2 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. Loan facilities $25,000 $18,800
1
3. Credit standby arrangements - -
2
Estimated cash outflows for next quarter
$A`000
4. Exploration and evaluation 1,400
1
4. Development
2
4. Production
3
4. Administration 300
4
Total 1,700
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. Cash on hand and at bank 1,503 2,130
1
5. Deposits at call - -
2
5. Bank overdraft - -
3
5. Other (provide details) - -
4
Total: cash at end of 1,503 2,130
quarter (item 1.22)
Changes in interests in mining tenements
Teneme Nature of Interest Interest at
nt interest at end of
refere (note (2)) beginning quarter
nce of quarter
6. Interests in Nil
1 mining
tenements
relinquished,
reduced or
lapsed
6. Interests in Nil
2 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 Amount paid
price per up per
security security
(see note (see note
3) 3) (cents)
(cents)
7.1 Preference Nil Nil
+securities
(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 2,361,300,664 2,361,300,664 Fully paid
FSE
7.4 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through returns
of capital, buy-
backs
7.5 +Convertible
debt securities
(description)
7.6 Changes during
quarter
(a) Increases 29 Nil $100,000 $100,000
through issues each each
(b) Decreases
through (6)
securities $100,000 $100,000
matured, each each
converted
7.7 Options Exercise Expiry date
FSEAK 30,000,000 Nil price 30 Nov 2012
FSEAM 111,000,000 Nil 5 Cents 31 May 2013
FSEAO 96,904,767 Nil 6 Cents 30 Jun 2013
FSEAI 25,875,000 Nil 6 Cents 30 Jun 2014
6 Cents
7.8 Issued during
quarter
7.9 Exercised during
quarter
7.1 Expired during
0 quarter
7.1 Debentures
1 (totals only)
7.1 Unsecured notes
2 (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 /does not* (delete one) give a true and fair view of
the matters disclosed.
22 October 2010
Company Secretary
Mr Jerry Monzu
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
22 October 2010
Sponsor and Corporate Advisor
River Group
Date: 22/10/2010 08:11:01 Supplied by www.sharenet.co.za
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