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TAW - Tawana Resources NL - 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")
Appendix 5B
Mining exploration entity quarterly report
Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01,
01/06/10, 17/12/10
Name of entity
Tawana Resources NL
ABN Quarter ended
("current quarter")
69 085 166 721 30 June 2011
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 &
evaluation (64) (142)
(b) development - -
(c) production - -
(d) administration (456) (836)
1.3 Dividends received - -
1.4 Interest and other items of
a similar nature received 58 71
1.5 Interest and other costs of - -
finance paid
1.6 Income taxes paid - -
1.7 Other (provide details if - 8
material)
Net Operating Cash Flows (462) (899)
Cash flows related to
investing activities
1.8 Payment for purchases of:
(a) prospects - -
(b) equity investments - -
(c) other fixed assets (4) (11)
1.9 Proceeds from sale of:
(a) prospects - -
(b) equity investments - -
(c) other fixed assets 36 36
1.10 Loans to other entities - -
1.11 Loans repaid by other
entities - -
1.12 Other (provide details if
material) - -
Net investing cash flows 32 25
1.13 Total operating and
investing cash flows
(carried forward) (430) (874)
1.13 Total operating and investing
cash flows (brought forward) (430) (874)
Cash flows related to
financing activities
1.14 Proceeds from issues of
shares, options, etc. 300 5,050
1.15 Proceeds from sale of
forfeited shares - -
1.16 Proceeds from borrowings 3 3
1.17 Repayment of borrowings - -
1.18 Dividends paid - -
1.19 Other - share issue costs (225) (225)
Net financing cash flows 78 4,828
Net increase (decrease) in
cash held (352) 3,954
1.20 Cash at beginning of
quarter/year to date 5,140 835
1.21 Exchange rate adjustments to
item 1.20 - (1)
1.22 Cash at end of quarter 4,788 4,788
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 included in item 1.2 49
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
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 - -
3.2 Credit standby
arrangements - -
Estimated cash outflows for next quarter
$A`000
4.1 Exploration and evaluation 400
4.2 Development -
4.3 Production -
4.4 Administration 325
Total 725
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 bank 4,768 5,120
5.2 Deposits at call 20 20
5.3 Bank overdraft - -
5.4 Other (provide details) - -
Total: cash at end of 4,788 5,140
quarter (item 1.22)
Changes in interests in mining tenements
Tenement Nature of Interest at Interest
reference interest beginning of at end of
(note quarter quarter
(2))
6.1 Interests in
mining
tenements
relinquished,
reduced or
lapsed
6.2 Interests in
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 Issue Amount paid
number quoted price up per
per security
security (see note 3)
(see (cents)
note 3)
(cents)
7.1 Preference - -
+securities
7.2 Changes N/A N/A
during
quarter
7.3 +Ordinary 856,629,043 856,629,043
securities
7.4 Changes
during
quarter
(a) 30,000,000 30,000,000 1 cent Fully paid
Increases
through
issues
(b)
Decreases
through
returns of
capital, buy-
backs
7.5 +Convertible - -
debt
securities
7.6 Changes N/A N/A
during
quarter
7.7 Unlisted Exercise Expiry date
options price
Unlisted 1,420,000 - $0.35 30 Nov 2011
options
Unlisted 4,000,000 - $0.07 18 Jun 2012
options
Unlisted 6,000,000 - $0.10 17 Jan 2013
options
Unlisted 6,750,000 - $0.07 17 Jan 2013
options
Unlisted 6,750,000 - $0.10 17 Jan 2014
options
Unlisted 50,000,000 - $0.01 23 Feb 2013
options
Unlisted 20,000,000 - $0.01 31 Jul 2012
options
Unlisted 5,000,000 - $0.03 9 Sep 2012
options
Unlisted 50,000,000 - $0.01 30 Jul 2013
options
Unlisted 5,000,000 - $0.05 9 Sep 2014
options
25,000,000 - $0.01 8 Mar 2014
7.8 Issued
during
quarter Nil -
7.9 Exercised
during
quarter
Unlisted
options 30,000,000 - $0.01 31 Jul 2012
7.10 Expired
during
quarter
Listed
options 13,240,053 13240,053 $0.10 1 Apr 2011
7.11 Debentures - -
7.12 Unsecured - -
notes
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 5).
2 This statement does give a true and fair view of the matters disclosed.
Sign here: ............................................................
Date: 29 July 2011
Company secretary
Print name: Aaron Finlay
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 6: Exploration for and
Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply
to this report.
5 Accounting Standards ASX will accept, for example, the use of International
Financial Reporting 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.
29 July 2011
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 29/07/2011 10:11:00 Supplied by www.sharenet.co.za
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