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Appendix 5B - Mining exploration entity quarterly report
Coal of Africa Limited
(Incorporated and registered in Australia)
Registration number ABN 008 905 388
ISIN AU000000CZA6
JSE/ASX/AIM share code: CZA
("CoAL or the "Company" or the "Group")
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, 01/06/10.
Name of entity:
Coal of Africa Limited
ABN Quarter ended (“current quarter”)
98 008 905 388 30 June 2015
Consolidated statement of cash flows
Year to date
Cash flows related to operating activities Current quarter (12 months)
US$’000 US$’000
1.1 Receipts from product sales and related debtors
- 1,318
1.2 Payments for (a) exploration & evaluation (87) (1,788)
(b) development (914) (3,104)
(c) operations on care and maintenance (269) (1,503)
(d) logistics - -
(e) administration (3,195) (10,617)
1.3 Dividends received - -
1.4 Interest and other items of a similar nature received 181 609
1.5 Interest and other costs of finance paid (1,195) (2,410)
1.6 Income taxes paid - -
1.7 Other (provide details if material)* (1,698) (14,470)
Net Operating Cash Flows (7,177) (31,965)
Cash flows related to investing activities
1.8 Payment for purchases of: (a) prospects (2,700) (10,000)
(b) equity investments - -
(c) other fixed assets - -
1.9 Proceeds from sale of: (a) prospects - 128
(b) equity investments 153 477
(c) other fixed assets - -
1.10 Loans to other entities - -
1.11 Loans repaid by other entities - -
1.12 Other (provide details if material) 396 3,310
Net investing cash flows (2,151) (6,085)
1.13 Total operating and investing cash flows (carried forward) (9,328) (38,050)
1.13 Total operating and investing cash flows (brought
forward) (9,328) (38,050)
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, etc. 13,824 59,810
1.15 Proceeds from pending issues of shares* - -
1.16 Proceeds from sale of forfeited shares - -
1.17 Proceeds from borrowings - -
1.18 Repayment of borrowings - (5,815)
1.19 Dividends paid - -
1.20 Other (provide details if material) - -
Net financing cash flows 13,824 53,995
Net increase (decrease) in cash held 4,496 15,945
1.21 Cash at beginning of quarter/year to date 13,503 2,099
1.22 Exchange rate adjustments (158) (203)
1.23 Cash at end of quarter 17,841 17,841
*This balance comprised primarily of cash outflows for advisory fees.
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
US$'000
1.23 Aggregate amount of payments to the parties included in item 1.2 189
1.24 Aggregate amount of loans to the parties included in item 1.10 -
1.25 Explanation necessary for an understanding of the transactions
Non-cash financing and investing activities
2.1 Details of financing and investing transactions which have had a material effect on consolidated assets
and liabilities but did not involve cash flows
2.2 Details of outlays made by other entities to establish or increase their share in projects in which the
reporting entity has an interest
Financing facilities available
Add notes as necessary for an understanding of the position.
Amount available Amount used
US$’000 US$’000
3.1 Loan facilities - -
3.2 Credit standby arrangements - -
Estimated cash outflows for next quarter
US$’000
4.1 Exploration and evaluation 69
4.2 Development 462
4.3 Production 939
4.4 Logistics -
4.5 Administration 1,551
Total 3,021
Reconciliation of cash
Reconciliation of cash at the end of the quarter (as shown in Current quarter Previous quarter
the consolidated statement of cash flows) to the related items US$’000 US$’000
in the accounts is as follows.
5.1 Cash on hand and at bank 5,409 4,124
5.2 Deposits at call 12,432 9,379
5.3 Bank overdraft - -
5.4 Other (provide details) - -
Total: cash at end of quarter (item 1.22) 17,841 13,503
Changes in interests in mining tenements
Tenement reference Nature of interest Interest at Interest at
(note (2)) beginning of end 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 Issue price Amount
quoted per security paid up per
(see note 3) security
(cents) (see note 3)
(cents)
7.1 Preference +securities (description) Nil
7.2 Changes during quarter
7.3 +Ordinary securities 1,743,568,613 1,743,568,613
7.4 Changes during quarter
(a) Increases through issues 144,000,000 144,000,000
(b) Decreases through returns of Nil Nil
capital, buy-backs
7.5 +Convertible debt securities Nil
(description)
7.6 Changes during quarter
(a) Increases through issues
(b) Decreases through securities
matured, converted
7.7 Options (description and conversion 88,743,989 Nil Exercise Expiry date
factor) price See Note 6
See Note 6
7.8 Issued during quarter 40,000,000* Nil See Note 6 See Note 6
7.9 Exercised during quarter Nil Nil See Note 6 See Note 6
7.10 Cancelled during quarter Nil Nil
7.11 Debentures Nil
(totals only)
7.12 Unsecured notes (totals only) Nil
*40 million options to subscribe for ordinary shares at ZAR0.30 each expiring on 1 June 2016.
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: ............................................................ Date: ...27 July 2015......................
(Company secretary)
TONY BEVAN
Print name: .........................................................
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.
6 Issued and Quoted Options as at 30 June 2015:
Number Issued Number Exercise Expiry Date Lapsed Since End
Quoted Price of quarter
2,500,000 - A$1.20 9 November 2015 -
1,441,061 - A$1.40 30 September 2015 -
2,670,000 - ZAR7.60 14 February 2017 -
3,500,000 - GBP0.25 30 November 2015 -
3,932,928 - ZAR1.75 30 June 2017 -
4,125,000 - ZAR2.00 30 June 2018 -
20,000,000 - ZAR1.32 21 October 2018 -
3,525,000 - ZAR1.20 1 February 2019 -
3,525,000 - ZAR1.32 1 February 2019 -
3,525,000 - ZAR1.45 1 February 2019 -
40,000,000 - ZAR0.30 1 June 2016 -
Date: 27/07/2015 08:11:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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