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GOLD ONE INTERNATIONAL LIMITED - Appendix 4D

Release Date: 31/08/2012 07:05
Code(s): GDO     PDF:  
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Appendix 4D

                                                 
Gold One International Limited
Registered in Western Australia under the Corporations Act, 2001 (Cth) with registration number ACN: 094 265 746
(Registered in South Africa as an external company with registration number 2009/000032/10)
ISIN: AU000000GDO5
Share Code on the ASX/JSE: GDO
OTCQX International: GLDZY
("Gold One" or the “company”) 

 Appendix 4D


Gold One International Limited
ABN 35 094 265 746
and its controlled entities (“Gold One Group”)

Half year report

Results for announcement to the market
for the half year ended 30 June 2012

Extracts from the half year report for announcement to the market
                                                         30 June     30 June
                                                          2012        2011     Change
                                                         A$’000      A$’000      %
Revenue from continuing
operations                                                189,175    75,065     152
Profit/(loss) from ordinary
activities after tax attributable to
members                                                    (4,060)   10,644     (138)
Net profit/(loss) for the period
attributable to members                                   (11,589)    3,829     (403)

Net tangible assets per security
The NTA per ordinary share based on the net assets of the group at 30 June
2012 is A$0.23

On a fully diluted basis, assuming all options were exercised at 30 June 2012,
the NTA would be A$0.22

Dividends
No dividends were declared or paid to shareholders during the six months.

Brief explanation of underlying profit
Overall the group reported a loss of A$ 4.060 million for the six months ended 30
June 2012 compared to a profit of A$ 10.644 million for the corresponding period
to 30 June 2011.

Although revenue increased for the six months to A$ 189.175 million as a result
of incorporating production from the Cooke Underground and Randfontein
Surface Operations, there was only a marginal increase in gross profit. The
operations were negatively impacted by a strike at the Modder East operations
and although the turnaround initiatives at the Cooke Operations are well
advanced they are not yet having a material positive impact on gross profit.
Further details of the results are available in the half-year report for the six
months to 30 June 2012.

Control over entities

                                                          Consolidated profit (loss)
                                                        from ordinary activities after
                                                         tax of the controlled entity
                                                         (or group of entities) since
                                                       the date in the current period
 Name of entity (or group of         Date control           on which control was
          entities)                    gained                 acquired (A$’000)

Rand Uranium (Pty) Limited         6 January 2012                            (10,923)

Goliath Gold Mining Limited*         1 April 2012                              (2,151)

* On 1 April 2012 the Gold One Group acquired control of Goliath Gold
comprising the following entities:

   -   Goliath Gold Mining Limited
   -   Far East Gold SPV (Pty) Limited
   -   Consolidated Resources & Exploration Limited
   -   Guild Hall No. 22 (Pty) Limited
   -   IWN Investments (Pty) Limited
   -   Brakfontein Diamante (Pty) Limited
   -   Witnigel Investments (Pty) Limited
   -   Newlands Minerals (Pty) Limited

The Gold One Group incorporated the following entities during the period:

   -   Newshelf 1114 (Pty) Limited
   -   Newshelf 1118 (Pty) Limited
   -   Newshelf 1186 (Pty) Limited
   -   Newshelf 1198 (Pty) Limited
   -   Newshelf 1202 (Pty) Limited
   -   Gold One Asia Limited
   -   Gold One Asia Management Limited

No other changes in control over entities occurred during the half year to 30
June 2012.
Distributions
No interim distributions have been declared in respect of the half year to 30 June
2012 or the corresponding period to 30 June 2011.

Associates and joint ventures
The group does not have an interest in any associates or joint venture entities.

Foreign accounting standards
Not applicable

Audit
This report has been based on the half-year accounts which have been reviewed.


For more information please refer to the half-year report for the six
months to 30 June 2012.

Johannesburg
31 August 2012 

Sponsor
Macquarie First South Capital (Pty) Limited


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