Wrap Text
Appendix 5B - Mining exploration entity quarterly report
The Waterberg Coal Company Limited
(formerly Range River Gold Limited)
(Incorporated in Australia)
(Registration number ABN 64 065 480 453)
ASX: WCC | JSE: WCC | ISIN: AU000000WCC9
(“WCC” or “the Company”)
Rule 5.3
Appendix 5B
Mining exploration entity quarterly report
Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.
Name of entity
THE WATERBERG COAL COMPANY LIMITED
ABN Quarter ended (“current quarter”)
64 065 480 453 31 December 2013
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 and
evaluation (3) (8)
(b) development - -
(c) production - -
(d) administration (1,066) (2,426)
1.3 Dividends received - -
1.4 Interest and other items of a similar nature received 78 135
1.5 Interest and other costs of finance paid (413) (413)
1.6 Income taxes paid - -
1.7 Other:
Payments / cash transferred to creditors trust - -
Net Operating Cash Flows (1,404) (2,712)
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 - -
1.10 Loans to other entities:
- Loans to related entities for project (2,439) (2,796)
expenditure
1.11 Loans repaid by other entities - -
+ See chapter 19 for defined terms.
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Appendix 5B
Mining exploration entity quarterly report
Net investing cash flows (2,439) (2,796)
1.13 Total operating and investing cash flows (carried
forward) (3,843) (5,508)
+ See chapter 19 for defined terms.
Appendix 5B Page 2 31/12/2013
1.13
Total operating and investing cash flows
(brought forward) (3,843) (5,508)
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, etc. 1,063 2,564
1.15 Proceeds from sale of forfeited shares - -
1.16 Proceeds from borrowings 2,058 2,058
1.17 Repayment of borrowings - -
1.18 Dividends paid - -
1.19 Other (provide details if material)
- Fundraising costs paid (6) (81)
Net financing cash flows
3,115 4,541
Net increase (decrease) in cash held (728) (967)
1.20 Cash at beginning of quarter/year to date 7,929 8,440
1.21 Exchange rate adjustments to item 1.20 72 (200)
1.22 Cash at end of quarter
7,273 7,273
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 $190
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 for Directors consulting fees and Directors fees - $114,000
Payments for serviced office and corporate advisory - $70,000
Reimbursement for administration, accounting and secretarial staff at cost - $5,990
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
-
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
-
+ See chapter 19 for defined terms.
31/12/2013 Appendix 5B Page 3
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 35,000 35,000
3.2 Credit standby arrangements - -
Estimated cash outflows for next quarter
$A’000
4.1 Exploration and evaluation 120
4.2 Development -
4.3 Production -
4.4 Administration 250
Total 370
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) to $A’000 $A’000
the related items in the accounts is as follows.
5.1 Cash on hand and at bank 400 1,180
5.2 Deposits at call
- -
5.3 Bank overdraft
- -
5.4 Other (provide details)
6,873* 6,749*
Total: cash at end of quarter (item 1.22)
7,273 7,929
*Held as a security deposit on the $35 million convertible note facility. The deposit is subject to a put/call
option of $6.5 million and will be released to the Company on conversion or repayment of the facility
after 18 months from the date of the draw down.
+ See chapter 19 for defined terms.
Appendix 5B Page 2 31/12/2013
Changes in interests in mining tenements
Tenement reference Nature of Interest at Interest
interest beginning at end of
(note (2)) 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
security (see up per security
note 3) (cents) (see note 3)
(cents)
7.1 Preference
+securities
(description)
7.2 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through returns of
capital, buy-backs,
redemptions
7.3 +Ordinary
264,492,790 139,492,790
securities
7.4 Changes during
quarter
(a) Increases
through issues:
- Placement 8,192,978 8,192,978
(b) Decreases
through share
consolidation:
+ See chapter 19 for defined terms.
31/12/2013 Appendix 5B Page 5
Appendix 5B
Mining exploration entity quarterly report
7.5 +Convertible debt Unlisted Conversion number Repayment date
securities Convertible into shares
(description) Notes
David Stevens - The 5,617,978 Conversion price 30 November
Cricket Settlement convertible equal to (the loan 2014
Trust notes amount converted x
2.1)/ (price per
Ordinary Share on
Johannesburg Stock
Exchange (JSE)),
where the price per
Ordinary Shares is
(5 day JSE VWAP
x 80%)
7.6 Changes during
quarter
(a) Increases
through issues
David Stevens - The 5,617,978 Conversion price 30 November
Cricket Settlement convertible equal to (the loan 2014
Trust notes amount converted x
2.1)/ (price per
Ordinary Share on
Johannesburg Stock
Exchange (JSE)),
where the price per
Ordinary Shares is
(5 day JSE VWAP
x 80%)
(b) Decreases
through securities
matured, converted
7.7 Options Exercise price Expiry date
Unlisted 68,712 $12.00 31/03/14
23,187,500 $0.20 31/12/14
25,000,000 $0.20 31/12/16
75,000,000 $0.30 31/12/16
Listed
WCCO 11,192,823 $0.20 31/12/14
7.8 Issued during
quarter:
Unlisted 75,000,000 $0.30 31/12/16
Listed
WCCO 7,441,573 $0.20 31/12/14
7.9 Exercised during
quarter
7.10 Expired during
quarter
7.11 Debentures
(totals only)
7.12 Unsecured notes
(totals only)
+ See chapter 19 for defined terms.
Appendix 5B Page 4 31/12/2013
Appendix 5B
Mining exploration entity quarterly report
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: Jonathan Hart Date: 31 January 2014
(Company Secretary)
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.
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.
== == == == ==
03 February 2014
JSE Sponsor
The Standard Bank of South Africa Limited
+ See chapter 19 for defined terms.
31/12/2013 Appendix 5B Page 7
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