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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 31 December 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 (276) (698)
(b) development - -
(c) production - -
(d) administration (334) (1318)
1.3 Dividends received - -
1.4 Interest and other items
of a similar nature
received 45 170
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 (565) (1838)
Cash flows related to
investing activities
1.8 Payment for purchases of:
(a) prospects - -
(b) equity investments - -
(c) other fixed assets - (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) (565) (1943)
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 (565) 2885
1.20 Cash at beginning of
quarter/year to date 4289 835
1.21 Exchange rate adjustments
to item 1.20 (3) 1
1.22 Cash at end of quarter 3271 3271
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 1.2 119
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 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 3701 4269
5.2 Deposits at call 20 20
5.3 Bank overdraft - -
5.4 Other (provide details) - -
Total: cash at end of 3721 4289
quarter (item 1.22)
Changes in interests in mining tenements
Tenement Nature of Interest at Interest
reference interest beginning at end of
(note (2)) of quarter quarter
6.1 Interests in MTR371/200 One exploration 100% Nil
mining 7PR license in South
tenements Africa was
relinquished relinquished at
, reduced or Perdevlei
lapsed
6.2 Interests in MRL13029 One Nil 100%
mining reconnaissance
tenements license was
acquired or acquired in
increased Liberia at Mofe
Creek
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 up
number quoted price per per security (see
security note 3) (cents)
(see note
3) (cents)
7.1 Preference - -
+securities
7.2 Changes N/A N/A
during
quarter
7.3 +Ordinary 856,629,04 856,629,04
securities 3 3
7.4 Changes
during
quarter
(a) - -
Increases
through
issues
(b)
Decreases
through
returns of
capital,
buy-backs
7.5 +Convertibl - -
e debt
securities
7.6 Changes N/A N/A
during
quarter
7.7 Exercise price Expiry date
options
Unlisted $0.07
options 4,000,000 - 18 Jun 2012
Unlisted $0.07
options 6,000,000 - 17 Jan 2013
Unlisted $0.10
options 6,750,000 - 17 Jan 2013
Unlisted $0.07
options 6,750,000 - 17 Jan 2014
Unlisted $0.10
options 50,000,000 - 23 Feb 2013
Unlisted $0.01
options 20,000,000 - 31 Jul 2012
Unlisted $0.01
options 5,000,000 - 9 Sep 2012
Unlisted $0.03
options 50,000,000 - 30 Jul 2013
Unlisted $0.01
options 5,000,000 - 9 Sep 2014
Unlisted $0.05
options 25,000,000 - 8 Mar 2014
options $0.01
Unlisted 1,250,00 - 10 Nov 2013
options $0.05
Unlisted 1,250,00 10 Nov 2015
7.8 Issued
during
Quarter
- $0.03 10 Nov 2013
options 1,250,00
Unlisted $0.03 10 Nov 2015
options 1,250,00 -
Unlisted
7.9 Exercised
during Nil -
quarter
7.10 Expired
during 1,420,00o - $0.35 30 Nov 2011
quarter
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: 27 January 2012
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.
27 January 2012
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 27/01/2012 16:53:01 Supplied by www.sharenet.co.za
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