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THE WATERBERG COAL COMPANY LTD - Appendix 5B

Release Date: 30/04/2015 12:30
Code(s): WCC     PDF:  
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Appendix 5B

                               The Waterberg Coal Company Limited
                                      (Incorporated in Australia)
                               (Registration number ABN 64 065 480 453)
                               ASX: WCC | JSE: WCC | ISIN: AU000000WCC9
                                        (“WCC” or “the Company”)



                                                                          Appendix 5B
          Mining exploration entity and oil and gas exploration entity quarterly report


                                                                                                                            Rule 5.5

                                                   Appendix 5B
           Mining exploration entity and oil and gas 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, 01/05/2013



  Name of entity
                                 THE WATERBERG COAL COMPANY LIMITED

  ABN                                                                                 Quarter ended (“current quarter”)
                 64 065 480 453                                                                       31 March 2015


  Consolidated statement of cash flows

                                                                                                               Year to date
                                                                                Current quarter
Cash flows related to operating activities                                                                     (9 months)
                                                                                    $A’000
                                                                                                                 $A’000
1.1       Receipts from product sales and related                                                        -                             -
          debtors

1.2       Payments for (a) exploration & evaluation                                     (15)                       (27)
                         (b) development                                                  -                       (497)
                         (c) production                                                   -                          -
                         (d) administration                                            (499)                     (1864)
1.3       Dividends received                                                              -                          -
1.4       Interest and other items of a similar nature                                    -                         133
          received
1.5       Interest and other costs of finance paid                                        -                      (5683)
1.6       Income taxes paid                                                               -                         -
1.7       Other (provide details if material)                                             -                         -

          Net Operating Cash Flows                                                      (514)                    (7938)

          Cash flows related to investing activities
1.8       Payment for purchases of: (a) prospects                                         -                            -
                        (b) equity investments                                            -                            -
                        (c) other fixed assets                                           (3)                          (3)




  + See chapter 19 for defined terms.

  01/05/2010 Appendix 5B Page 1
  Appendix 5B
  Mining exploration entity and oil and gas exploration entity quarterly report


1.9     Proceeds from sale of:     (a) prospects       -                   -
                       (b) equity investments         68                  649
                       (c) other fixed assets          -                   1
1.10    Loans to other entities                      (37)                (825)
1.11    Loans repaid by other entities               523                  580
1.12    Other (provide details if material)            -                   -

        Net investing cash flows                      551                 402
1.13    Total operating and investing cash flows      37                 (7536)
        (carried forward)




  + See chapter 19 for defined terms.

  Appendix 5B Page 2                                                              01/05/2013
                       The Waterberg Coal Company Limited
                              (Incorporated in Australia)
                       (Registration number ABN 64 065 480 453)
                       ASX: WCC | JSE: WCC | ISIN: AU000000WCC9
                                (“WCC” or “the Company”)



                                                                       Appendix 5B
       Mining exploration entity and oil and gas exploration entity quarterly report



    1.13      Total operating and investing cash flows                        37                       (7536)
              (brought forward)

              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 (provide details if material)                              -                        (187)
              Fundraising costs
                                                                              (0)                       (187)
              Net financing cash flows

              Net increase (decrease) in cash held                            37                        (7723)

    1.20      Cash at beginning of quarter/year to date                      1035                       8606
    1.21      Exchange rate adjustments to item 1.20                          19                         208
                                                                             1091                       1091
    1.22      Cash at end of quarter


Payments to directors of the entity, associates of the directors,
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                          236

    1.24      Aggregate amount of loans to the parties included in item 1.10                              37


    1.25      Explanation necessary for an understanding of the transactions
              1.2(d) Payments for accrued Directors fees, professional consultants, general administration, accounting,
                        secretarial staff and occupancy costs in Western Australia and South Africa.



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




+ See chapter 19 for defined terms.

01/05/2010 Appendix 5B Page 3
  Appendix 5B
  Mining exploration entity and oil and gas exploration entity quarterly report




      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




  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                                                            50

4.2    Development

4.3    Production

4.4    Administration                                                                        200

                                                                                             250
       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                                          1091                      1035

5.2    Deposits at call

5.3    Bank overdraft

5.4    Other (provide details)
                                                                         1091                      1035
       Total: cash at end of quarter (item 1.22)

             The company also holds listed securities to the value of approximately AU$ 473,500 as at the date
             of this report.


  + See chapter 19 for defined terms.

  Appendix 5B Page 4                                                                                      01/05/2013
                        The Waterberg Coal Company Limited
                               (Incorporated in Australia)
                        (Registration number ABN 64 065 480 453)
                        ASX: WCC | JSE: WCC | ISIN: AU000000WCC9
                                 (“WCC” or “the Company”)



                                                                       Appendix 5B
       Mining exploration entity and oil and gas exploration entity quarterly report


Changes in interests in mining tenements and petroleum tenements

                                  Tenement reference        Nature of interest                 Interest at      Interest at
                                  and location              (note (2))                         beginning        end of
                                                                                               of quarter       quarter
6.1     Interests in mining
        tenements and                     EL4445               Registered holder of              100%              Nil
        petroleum                      Claypan Dam             exploration licence
        tenements
                                      South Australia
        relinquished,
        reduced or lapsed


6.2     Interests in mining                             -                                  -             -                -
        tenements and
        petroleum
        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 per
                                                                         security (see          security (see note 3)
                                                                         note 3) (cents)        (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                313,265,213           313,265,213                                    Fully paid
        securities




+ See chapter 19 for defined terms.

01/05/2010 Appendix 5B Page 5
       Appendix 5B
       Mining exploration entity and oil and gas exploration entity quarterly report


       7.4      Changes during
                quarter
                (a) Increases
                through issues
                (b) Decreases
                through returns
                of capital, buy-
                backs
       7.5      +Convertible

                debt
                securities
                (description)
7.6      Changes during
         quarter
         (a) Increases
         through issues
         (b) Decreases
         through
         securities
         matured,
         converted
7.7      Options                                                   Exercise price           Expiry date

           Unlisted              75,000,000                             $0.30                 31/12/16
                                                                                                         1
                                 25,000,000                             $0.30                31/12/16
                                                                                       1.    escrowed until
                                                                                              26/4/2015
           Listed WCCO
           (description and
           conversion
           factor)
7.8        Issued during
           quarter
7.9        Exercised
           during quarter

7.10       Expired during         23,187,500                            $0.20                 31/12/14
           quarter                11,992,823                            $0.20                 31/12/14

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 5).

       2              This statement does /does not* (delete one) give a true and fair view of the
                      matters disclosed.


       + See chapter 19 for defined terms.

       Appendix 5B Page 6                                                                                01/05/2013
                            The Waterberg Coal Company Limited
                                   (Incorporated in Australia)
                            (Registration number ABN 64 065 480 453)
                            ASX: WCC | JSE: WCC | ISIN: AU000000WCC9
                                     (“WCC” or “the Company”)



                                                                        Appendix 5B
        Mining exploration entity and oil and gas exploration entity quarterly report




Sign here:                ............................................................   Date: 30 April 2015
                          (Director/Company secretary)

E L Boyd.........................................................

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 and petroleum 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 or petroleum 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.

                                                         == == == == ==




+ See chapter 19 for defined terms.

01/05/2010 Appendix 5B Page 7
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report


Appendix 1 – Interests in mining tenements held
Tenement table

WCC has an interest in the following Exploration and Mining Licences.
Licences located in South Australia:
                                                 Interest at
Property Name              Tenement              Beginning and       Status
                                                 End of Quarter

Lyons                      EL 5221               100%                Exploration Licence

Glenloth                   EL 5397               100%                Exploration Licence.


The Company’s interest in the Waterberg Coal Project, located in South Africa:
   Property      Right under          Relevant       Holder        Interest at     Issue Date            Expiry Date
                  which the            Joint                       Beginning
                  properties          Venture                      and End of
                   are held                                         Quarter

Vetleegte        Vetleegte       First Joint      Uzalile  Joint   37.39%        Granted    New    Renewal       lodged    19
                 Prospecting     Venture          Venture                        Order             September 2011 and
                 Right                            (Sekoko                        Prospecting       prior to the expiry date.
                                                  Resources and                  Right       No.
                                                  Uzalile)                       651/2006,    on   Section 18(5) of the
                                                                                 19/10/06          MPRDA provides that
                                                                                                   prospecting    right  in
                                                                                                   respect of which an
                                                                                                   application for renewal
                                                                                                   has been lodged will
                                                                                                   remain in force until
                                                                                                   such     time as the
                                                                                                   renewal application has
                                                                                                   been granted or refused.
Olieboomsfont    Duikerfontein   First Joint      Sekoko Coal      37.39%        Granted    New    3 July 2016
ein              Prospecting     Venture                                         Order
                 Right                                                           Prospecting
                                                                                 Right       No.
                                                                                 681/2007,    on
                                                                                 13/10/05.
                                                                                 Renewal on 3
                                                                                 July 2013

Duikerfontein    Duikerfontein   First Joint      Sekoko Coal      37.39%        Granted    New    3 July 2016
                 Prospecting     Venture                                         Order
                 Right                                                           Prospecting
                                                                                 Right       No.
                                                                                 681/2007,    on
                                                                                 13/10/05.
                                                                                 Renewal on 3
                                                                                 July 2013
Swanepoelpan     Duikerfontein   First Joint      Sekoko Coal      37.39%        Granted    New    3 July 2016
                 Prospecting     Venture                                         Order
                 Right                                                           Prospecting
                                                                                 Right       No.
                                                                                 681/2007,    on
                                                                                 13/10/05
Smitspan         Mining Right    Second           Sekoko Coal      37.39%        Granted    New    16/09/2041
                                 Joint Venture                                   Order    Mining
                                                                                 Right       No.
                                                                                 22/2011,     on
                                                                                 17/09/11



+ See chapter 19 for defined terms.

Appendix 5B Page 8                                                                                        01/05/2013
                       The Waterberg Coal Company Limited
                              (Incorporated in Australia)
                       (Registration number ABN 64 065 480 453)
                       ASX: WCC | JSE: WCC | ISIN: AU000000WCC9
                                (“WCC” or “the Company”)



                                                                       Appendix 5B
       Mining exploration entity and oil and gas exploration entity quarterly report


          Property       Right under     Relevant         Holder     Interest at     Issue Date           Expiry Date
                          which the       Joint                      Beginning
                          properties     Venture                     and End of
                           are held                                   Quarter

       Massenberg       Mining Right   Second          Sekoko Coal   37.39%        Granted    New    16/09/2041
                                       Joint Venture                               Order    Mining
                                                                                   Right       No.
                                                                                   22/2011,     on
                                                                                   17/09/11
       Minnasvlakte     Mining Right   Second          Sekoko Coal   37.39%        Granted    New    16/09/2041
                                       Joint Venture                               Order    Mining
                                                                                   Right       No.
                                                                                   22/2011,     on
                                                                                   17/09/11
       Hooikraal        Mining Right   Second          Sekoko Coal   37.39%        Granted    New    16/09/2041
                                       Joint Venture                               Order    Mining
                                                                                   Right       No.
                                                                                   22/2011,     on
                                                                                   17/09/11




30 April 2015

JSE Sponsor:

The Standard Bank of South Africa Limited




+ See chapter 19 for defined terms.

01/05/2010 Appendix 5B Page 9

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