Wrap Text
Appendix 5B Mining Exploration Quarterly Report
FIRESTONE ENERGY LIMITED
(Incorporated in Australia)
(Registration number ABN 058 436 794)
Share code on the JSE Limited: FSE Share code on the ASX: FSE
ISIN: AU000000FSE6
(SA company registration number 2008/023973/10)
("FSE" or "the Company")
Appendix 5B
Mining exploration entity quarterly report
Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001, 01/06/10.
Name of entity
Firestone Energy Limited
ABN Quarter ended (“current quarter”)
71 058 436 794 30 September 2013
Consolidated statement of cash flows
Current quarter Year to date
Cash flows related to operating activities
$A’000 $A’000
1.1 Receipts from product sales and related debtors
1.2 Payments for (a) exploration & evaluation (30) (30)
(b) development (356) (356)
(c) production - -
(d) administration (264) (264)
1.3 Dividends received - -
1.4 Interest and other items of a similar nature
received 2 2
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Other (GST receipts) 66 66
Net Operating Cash Flows (582) (582)
Cash flows related to investing activities
1.8 Payment for purchases of: (a) prospects - -
(b) equity investments - -
(c) properties - -
1.9 Proceeds from sale of: (a) prospects - -
(b) equity investments - -
(c) other fixed assets - -
+ See chapter 19 for defined terms.
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Mining exploration entity quarterly report
1.10 Loans to other entities - -
1.11 Loans repaid by other entities - -
1.12 Other (provide details if material) - -
- -
Net investing cash flows
1.13 Total operating and investing cash flows (carried (582) (582)
forward)
+ See chapter 19 for defined terms.
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Mining exploration entity quarterly report
1.13 Total operating and investing cash flows (brought (582) (582)
forward)
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, Convertible - -
Notes etc.
1.15 Proceeds from sale of forfeited shares - -
1.16 Proceeds from borrowings 356 356
1.17 Repayment of borrowings - -
1.18 Capital raising costs - -
1.19 Other – Interest paid - -
356 356
Net financing cash flows
Net increase (decrease) in cash held (226) (226)
1.20 Cash at beginning of quarter/year to date 398 398
1.21 Exchange rate adjustments to item 1.20 Gain / (Loss) 5 5
177 177
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 75
1.24 Aggregate amount of loans to the parties included in item 1.10 -
1.25 Explanation necessary for an understanding of the transactions
Payments to wholly owned subsidiary, Lexshell Pty Limited, of which amounts are paid to third
parties to make payments on behalf of Firestone Energy pursuant to its JV agreement with Sekoko
Resources - $75,000
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
+ See chapter 19 for defined terms.
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Appendix 5B
Mining exploration entity quarterly report
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 3,000^ 356
-
3.2 Credit standby arrangements - -
^ The Company has in place a project financing loan facility with its major shareholder The Waterberg Coal
Company Limited.
Estimated cash outflows for next quarter
$A’000
4.1 Exploration and evaluation 50
4.2 Development -
4.3 Production -
4.4 Administration 150
200
Total
Reconciliation of cash
Reconciliation of cash at the end of the quarter (as Current quarter Previous quarter
shown in the consolidated statement of cash flows) $A’000 $A’000
to the related items in the accounts is as follows.
5.1 Cash on hand and at bank 177 146
- 252
5.2 Deposits at call
- -
5.3 Bank overdraft
- -
5.4 Other (provide details)
177 398
Total: cash at end of quarter (item 1.22)
Changes in interests in mining tenements
+ See chapter 19 for defined terms.
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Appendix 5B
Mining exploration entity quarterly report
Tenement Nature of interest Interest at Interest at
reference (note (2)) beginning end of
of quarter quarter
6.1 Interests in mining Nil
tenements relinquished,
reduced or lapsed
6.2 Interests in mining Nil
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
security (see up per security
note 3) (cents) (see note 3)
(cents)
7.1 Preference Nil Nil
+securities
(description)
7.2 Changes Nil Nil
during
quarter
(a) Increases
through
issues
(b) Decreases
through
returns of
capital, buy-
backs,
redemptions
7.3 +Ordinary
securities 3,549,698,723 3,549,698,723 Fully paid
FSE
+ See chapter 19 for defined terms.
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Mining exploration entity quarterly report
7.4 Changes
during
quarter
(a) Increases
through
issues
(b) Decreases
through
returns of
capital, buy-
backs
7.5 +Convertible Unlisted Convertible Conversion Repayment dates
debt Notes number into shares
securities
(description)
Ariona
Company SA Con Note 2 – $5million 200,000,000 30 January 2017
BBY
Nominees Pty
Ltd Con Note 3 – $22.145million 885,800,000 30 January 2017
7.6 Changes
during
quarter
(a) Increases
through
issues
(b) Decreases
through
securities
matured,
converted
7.7 Options Exercise price Expiry date
FSEAI 25,875,000 Nil 6.0 Cents 30 Jun 2014
FSEO 48,395,000 48,395,000 4.0 Cents 31 May 2014
FSEAA 40,000,000 Nil 2.5 Cents 19 Sept 2014
300,000,000 Nil 2.5 Cents 31 Jan 2015
7.8 Issued during
quarter
7.9 Exercised
during
quarter
+ See chapter 19 for defined terms.
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Mining exploration entity quarterly report
7.10 Expired
during
quarter
7.11 Debentures
(totals only)
7.12 Unsecured
notes (totals
only)
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 4).
2 This statement does give a true and fair view of the matters disclosed.
Sign here: Stephen Miller Date: 31 October 2013……..
(Executive Director)
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 1022: Accounting for Extractive
Industries and AASB 1026: Statement of Cash Flows apply to this report.
+ See chapter 19 for defined terms.
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Appendix 5B
Mining exploration entity quarterly report
5 Accounting Standards ASX will accept, for example, the use of International
Accounting 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.
Johannesburg
31 October 2013
Sponsor
River Group
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