Wrap Text
Quarterly cash flow 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 Resource NL
ABN Quarterly ended (“Current quarterly”)
69 085 166 721 31 March 2014
Consolidated Statement of cash flows
Cash flows related to operating activities Current quarter Year to date
$A’000 (3 Months)
$ A’000
1.1 Receipts from product sales and related debtors - -
1.2 Payment for (a) exploration & evalustion (559) (559)
(b) development - -
(c) production - -
(d) admimistration (582) (582)
1.3 Dividends received - -
1.4 Interest and other items of similar nature
Received 4 4
1.5 Interest and other cost finance paid - -
1.6 Income taxes paid - -
1.7 Other (Provide details if material) - -
Net Operating Cash Flows (1.137) (1 137)
Cash flows related to operating activities
1.8 Payment for purchases of:
(a) prospects - -
(b) equity investments - -
(c) other fixed assets (3) (3)
1.9 Proceeds from sale of:
(a) prospects - -
(b) equity investments - -
(c) other fixed assets - -
1.10 Loan to others - -
1.11 Loan repaid by others entities - -
1.12 Other (Provide details if material) - -
Net Investing cash flows (3) (3)
1.13 Total operating and investing cash flows
(Carried forward) (1,140) (1,140)
1.13 Total operating and investing cash flows
(Carried forward) (1,140) (1,140)
Cash flow related to financing activities
1.14 Proceeds from issues of shares, options, etc 261 261
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 261 261
Net Increase (decrease) in cash held (879) (879)
1.20 Cash at beginning of quarter/year to date (2,045) (2,045)
1.21 Exchange rate adjustments to item 1.20 (53) (53)
1.22 Cash at end of quarter (1,113) (1,113)
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 1.2 156
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 salaries, fees and superannuation
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
Financial 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 495
4.2 Development -
4.3 Production -
4.4 Administration 766
Total 1, 261
Reconciliation of cash
Reconciliation of cash at the end of the Current quarter Previous quarter
quarter (as shown in the consolidated $A’000 $A’000
statement of cash flows) to the related
items in the accounts is as follows.
5.1 Cash on hand and bank 1, 093 2,025
5.2 Deposit at call 20 20
5.3 Bank overdraft - -
5.4 Other (Provide details - -
Total: cash at end of quarter (item 1.22) 1,113 2,045
Changes in interests in mining tenements
Tenement Nature of Interest at Interest at end of
reference interest beginning of end of quarter
(note (2)) quarter
6.1 Interest in mining
Tenements relinquished
Reduced or lapsed
6.2 Interest in mining
tenements acquired of
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
securities (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 1 251 379 043 1 251 379 043
Securities
7.4 Changes during
quarter
(a) increases 25 000 000 25 000 000 $0.01 $0.01
through issues 750 000 750 000 $0.015 $0.015
(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 options 5,000,000 - $0.05 9 Sep 2014
Unlisted options 1,250,000 - $0.05 10 Nov 2015
Unlisted options 28,500,000 - $0.036 30 April 2015
Unlisted options 10,000,000 - $0.0001 31 August 2014
Unlisted options 10,000,000 - $0.0001 31 August 2015
Unlisted options 10,000,000 - $0.0001 31 August 2016
Unlisted options 30,750,000 - $0.015 12 December 2016
Unlisted options 10,000,000 - $0.046 12 December 2016
Unlisted options 10,000,000 - $0.018 12 December 2016
Unlisted options 1,000,000 - $0.039 20 January 2017
7.8 Issued during 1,000,000 $0.039 20 January 2017
quarter 5,000,000 - $0.042 7 February 2017
7.9 Issued during 1,000,000 - $0.039 8 March 2014
quarter 25,000,000 - $0.042 12 December 2016
7.10 Expired during 6,750,000 - $0.10 17 January 2014
quarter 5,000,000 $0.042 7 February 2017
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: 16 April 2014
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
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.
17 April 2014
Sponsor
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited
Date: 17/04/2014 02:18:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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