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FSE - Firestone Energy Limited - Appendix 5B 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 31 December 2010
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 (938) (2,491)
& evaluation - -
(b) development - -
(c) production (343) (646)
(d) administration
1.3 Dividends received - -
1.4 Interest and other items of a
similar nature received 16 35
1.5 Interest and other costs of - (35)
finance paid
1.6 Income taxes paid - -
1.7 Other (GST refund) 20 168
Net Operating Cash Flows (1,245) (2,969)
Cash flows related to
investing activities
1.8 Payment for purchases of: - -
(a) prospects - -
(b) equity investments (429) (2,232)
(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)
(429) (2,232)
Net investing cash flows
1.13 Total operating and investing (1,674) (5,201)
cash flows (carried forward)
1.13 Total operating and investing (1,674) (5,201)
cash flows (brought forward)
Cash flows related to financing
activities
1.14 Proceeds from issues of shares, 1,800 4,700
options, etc.
1.15 Proceeds from sale of forfeited - -
shares
1.16 Proceeds from borrowings - -
1.17 Repayment of borrowings - -
1.18 Capital raising costs - -
1.19 Other - Interest paid - -
Net financing cash flows 1,800 4,700
Net increase (decrease) in cash 126 (501)
held
1.20 Cash at beginning of 1,503 2,130
quarter/year to date
1.21 Exchange rate adjustments to (22) (22)
item 1.20
1.22 Cash at end of quarter 1,607 1,607
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 1,009
parties 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 - $71K.
Payments to Sekoko Resources (director related entity)
pursuant to JV agreements and for costs incurred for
and on behalf of FSE - $938K
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
N/A
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 $25,000 $20,600
3.2 Credit standby arrangements - -
Estimated cash outflows for next quarter
$A`000
4.1 Exploration and evaluation 1,200
4.2 Development
4.3 Production
4.4 Administration 300
Total 1,500
Reconciliation of cash
Reconciliation of cash at the Current Previous
end of the quarter (as shown in quarter quarter
the consolidated statement of $A`000 $A`000
cash flows) to the related
items in the accounts is as
follows.
5.1 Cash on hand and at bank 1,607 1,503
5.2 Deposits at call - -
5.3 Bank overdraft - -
5.4 Other (provide details) - -
Total: cash at end of 1,607 1,503
quarter (item 1.22)
Changes in interests in mining tenements
Teneme Nature of Intere Intere
nt interest st at st at
refere (note (2)) beginn end of
nce ing of quarte
quarte r
r
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 Issue Amount
quoted price paid up
per per
securit security
y (see (see
note 3) note 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 2,400,712,230 2,400,712,230 Fully
FSE paid
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 18 Nil $100,000 $100,000
through issues each each
(b)Decreases
through (8)
securities $100,000 $100,000
matured, each each
converted
7.7 Options Exercise Expiry
FSEAK 30,000,000 Nil price date
FSEAM 111,000,000 Nil 5 Cents 30 Nov
FSEAO 96,904,767 Nil 6 Cents 2012
FSEAI 25,875,000 Nil 6 Cents 31 May
6 Cents 2013
30 Jun
2013
30 Jun
2014
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 /does not* (delete one) give a true and fair view of
the matters disclosed.
Date: 28 January 2011
Company Secretary
Print name: 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.
Further information can be obtained by contacting the persons below on
+61 (08) 9287-4600.
John Dreyer Jerry Monzu
Chairman Company Secretary
www.firestoneenergy.com.au
28 January 2011
Pretoria
Sponsor and Corporate Advisor
River Group
Date: 28/01/2011 12:20:01 Supplied by www.sharenet.co.za
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