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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 2012
Consolidated statement of cash flows
Current quarter Year to date
Cash flows related to operating activities $A’000 (6 months)
$A’000
1.1 Receipts from product sales and related - -
debtors
1.2 Payments for (a) exploration & (377) (608)
evaluation - -
(b) development - -
(c) production (410) (727)
(d) administration
1.3 Dividends received - -
1.4 Interest and other items of a similar nature
received 27 63
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Other (provide details if material) - -
Net Operating Cash Flows (760) (1,272)
Cash flows related to investing activities
1.8 Payment for purchases of:
(a) prospects - -
(b) equity investments - -
(c) other fixed assets - -
1.9 Proceeds from sale of:
(a) prospects - -
(b) equity investments - -
(c) other fixed assets 233 262
1.10 Loans to other entities - -
1.11 Loans repaid by other entities - -
1.12 Other (provide details if material) - -
Net investing cash flows 233 262
1.13 Total operating and investing cash flows
(carried forward) (527) (1,010)
1.13 Total operating and investing cash flows
(brought forward) (527) (1,010)
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, - -
etc.
1.15 Proceeds from sale of forfeited shares - -
1.16 Proceeds from borrowings - -
1.17 Repayment of borrowings - -
1.18 Dividends paid - -
1.19 Other – share issue costs - -
- -
Net financing cash flows
Net increase (decrease) in cash held (527) (1,010)
1.20 Cash at beginning of quarter/year to date 3,239 3,723
1.21 Exchange rate adjustments to item 1.20 (2) (3)
2,710 2,710
1.22 Cash at end of quarter
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 1.2 104
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 available Amount used
$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 350
4.2 Development -
4.3 Production -
4.4 Administration 300
Total 650
Reconciliation of cash
Reconciliation of cash at the end of the quarter Current quarter Previous quarter
(as shown in the consolidated statement of cash $A’000 $A’000
flows) to the related items in the accounts is as
follows.
5.1 Cash on hand and at bank 2,690 3,219
20 20
5.2 Deposits at call
- -
5.3 Bank overdraft
- -
5.4 Other (provide details)
2,710 3,239
Total: cash at end of quarter (item 1.22)
Changes in interests in mining tenements
Tenement Nature of interest Interest at Interest at
reference (note (2)) beginning end of
of quarter 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 quoted Issue price per Amount paid up
security (see per security (see
note 3) (cents) note 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 Options Exercise price Expiry date
Unlisted 4,000,000 - $0.07 18 Jun 2012
options 6,000,000 - $0.10 17 Jan 2013
Unlisted 6,750,000 - $0.07 17 Jan 2013
options 6,750,000 - $0.10 17 Jan 2014
Unlisted 50,000,000 - $0.01 23 Feb 2013
options 20,000,000 - $0.01 31 Jul 2012
Unlisted 5,000,000 - $0.03 9 Sep 2012
options 50,000,000 - $0.01 30 Jul 2013
Unlisted 5,000,000 - $0.05 9 Sep 2014
options 25,000,000 - $0.01 8 Mar 2014
Unlisted 1,250,000 - $0.03 10 Nov 2013
options 1,250,000 - $0.05 10 Nov 2015
Unlisted
options
Unlisted
options
Unlisted
options
Unlisted
options
Unlisted
options
Unlisted
options
7.8 Issued during
quarter 28,500,000 - $0.036 30 April 2015
7.9 Exercised
during quarter - -
7.10 Expired during
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.
[Signed]
Sign here: ............................................................ Date: 31 July 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.
== == == == ==
31 July 2012
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
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