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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")
Mining Exploration entity quarterly report
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 September 2011
Consolidated statement of cash flows
Current Year to date
Cash flows related to operating quarter (9 months)
activities $A`000 $A`000
1.1 Receipts from product - -
sales and related debtors
1.2 Payments for
(a) exploration &
evaluation (280) (422)
(b) development - -
(c) production - -
(d) administration (148) (984)
1.3 Dividends received - -
1.4 Interest and other items
of a similar nature
received 54 125
1.5 Interest and other costs
of finance paid - -
1.6 Income taxes paid - -
1.7 Other (provide details if
material) - 8
Net Operating Cash Flows (374) (1,273)
Cash flows related to
investing activities
1.8 Payment for purchases of:
(a) prospects - -
(b) equity investments - -
(c) other fixed assets (130) (141)
1.9 Proceeds from sale of:
(a) prospects - -
(b) equity investments - -
(c) other fixed assets - 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 (130) (105)
1.13 Total operating and
investing cash flows
(carried forward) (504) (1,378)
1.13 Total operating and
investing cash flows
(brought forward) (504) (1,378)
Cash flows related to
financing activities
1.14 Proceeds from issues of
shares, options, etc. - 5,050
1.15 Proceeds from sale of
forfeited shares - -
1.16 Proceeds from borrowings - 3
1.17 Repayment of borrowings - -
1.18 Dividends paid - -
1.19 Other - share issue costs - (225)
Net financing cash flows
- 4,828
Net increase (decrease) in
cash held (504) 3,450
1.20 Cash at beginning of
quarter/year to date 4,788 835
1.21 Exchange rate adjustments
to item 1.20 5 4
1.22 Cash at end of quarter 4,289 4,289
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 31
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. Loan facilities
1 - -
3. Credit standby arrangements
2 - -
Estimated cash outflows for next quarter
$A`000
4.1 Exploration and evaluation
400
4.2 Development
-
4.3 Production -
4.4 Administration 300
Total 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.
5.1 Cash on hand and at bank 4,269 4,768
5.2 Deposits at call 20 20
5.3 Bank overdraft - -
5.4 Other (provide details) - -
Total: cash at end of 4,289 4,788
quarter (item 1.22)
Changes in interests in mining tenements
Tenement Nature of Interes Interest
reference interest t at at end of
(note (2)) beginni quarter
ng of
quarter
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 Number Issue price Amount paid
quoted per up per
security security
(see note (see note
3) (cents) 3) (cents)
7.1 Preference - -
+securities
7.2 Changes during N/A N/A
quarter
7.3 +Ordinary 856,629,043 856,629,043
securities
7.4 Changes during
quarter
(a) Increases
through issues - -
(b) Decreases
through returns
of capital, buy-
backs
7.5 +Convertible - -
debt securities
7.6 Changes during N/A N/A
quarter
7.7 Exercise Expiry date
Options price
Unlisted
options 1,420,000 - $0.35 30 Nov 2011
Unlisted
options 4,000,000 - $0.07 18 Jun 2012
Unlisted
options 6,000,000 - $0.10 17 Jan 2013
Unlisted
options 6,750,000 - $0.07 17 Jan 2013
Unlisted
options 6,750,000 - $0.10 17 Jan 2014
Unlisted
options 50,000,000 - $0.01 23 Feb 2013
Unlisted
options 20,000,000 - $0.01 31 Jul 2012
Unlisted
options 5,000,000 - $0.03 9 Sep 2012
Unlisted
options 50,000,000 - $0.01 30 Jul 2013
Unlisted
options 5,000,000 - $0.05 9 Sep 2014
Unlisted
options 25,000,000 - $0.01 8 Mar 2014
7.8 Issued during
quarter Nil -
7.9 Exercised
during quarter Nil -
7.10 Expired during
quarter Nil -
7.11 Debentures - -
7.12 Unsecured notes - -
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 5).
2 This statement does give a true and fair view of the matters disclosed.
Sign here: ............................................................
Date: 31 October 2011
Company secretary
Print name: Aaron Finlay
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 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.
31 October 2011
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 31/10/2011 10:48:01 Supplied by www.sharenet.co.za
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