Wrap Text
Appendix 5B: Mining exploration entity and oil and gas exploration entity quarterly report
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”)
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 30 June 2016
Consolidated statement of cash flows
Current quarter Year to date
Cash flows related to operating $A’000 (12 months)
activities $A’000
1.1 Receipts from product sales and - -
related debtors
1.2 Payments for (a) exploration & - (6)
evaluation - -
(b) development - -
(c) production (75) (646)
(d) administration
1.3 Dividends received - -
1.4 Interest and other items of a 6 19
similar nature received
1.5 Interest and other costs of - (5)
finance paid
1.6 Income taxes paid - -
1.7 Other (provide details if - -
material)
Net Operating Cash Flows (69) (638)
Cash flows related to investing
activities
1.8 Payment for purchases of: (a) - -
prospects - -
(b) equity - (2)
investments
(c) other fixed
assets
+ 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) 75 100
prospects 136 135
(b) equity - -
investments
(c) other fixed
assets
1.10 Loans to other entities (136) (136)
1.11 Loans repaid by other entities - 530
1.12 Other (provide details if - -
material)
Net investing cash flows 75 627
1.13 Total operating and investing 6 (11)
cash flows (carried forward)
1.13 Total operating and investing 6 (11)
cash flows (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 9 85
1.17 Repayment of borrowings (887) (924)
1.18 Dividends paid- - -
1.19 Other (provide details if - -
material)
Fundraising costs
(839)
Net financing cash flows (878)
Net increase (decrease) in cash (872) (850)
held
1.20 Cash at beginning of 847 1004
quarter/year to date
1.21 Exchange rate adjustments to 24 (155)
item 1.20
(1) (1)
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
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
$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 -
4.2 Development -
4.3 Production -
4.4 Administration 100
Total 100
Reconciliation of cash
Reconciliation of cash at the end of Current quarter Previous quarter
the quarter (as shown in the $A’000 $A’000
consolidated statement of cash flows)
to the related items in the accounts
is as follows.
5.1 Cash on hand and at bank 33 847
- -
5.2 Deposits at call
(34) -
5.3 Bank overdraft
- -
5.4 Other (provide details)
(1) 847
Total: cash at end of quarter
(item 1.22)
Changes in interests in mining tenements and petroleum tenements
Tenement Nature of interest Interest Interest
reference (note (2)) at at end of
and beginning quarter
location of
quarter
6.1 Interests in mining
tenements and EL5397 100% 100% NIL
petroleum tenements
relinquished, reduced
or lapsed
6.2 Interests in mining EL5758 100% NIL 100%
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 Issue price Amount paid up
number quoted per security per security
(see note 3) (see 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 315,933,963 315,933,963 Fully paid
securities
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 Expiry date
price
Unlisted 75,000,000 31/12/16
25,000,000 $0.30 31/12/16
32,002,346 $0.30 30/06/17
(descriptio 20,000,000 $0.08 31/11/17
n and 20,000,000 $0.10 31/11/17
conversion 7,825,000 $0.15 31/12/20
factor) 7,825,000 $0.10 31/12/20
$0.15
7.8 Issued
during
quarter
7.9 Exercised
during
quarter
Expired Exercise Expiry date
7.10 during price
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 5).
2 This statement does /does not* (delete one) give a
true and fair view of the matters disclosed.
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.
== == == == ==
Appendix 1 – Interests in mining tenements held
Tenement table
WCC has an interest in the following Exploration and Mining
Licences.
Licences are located in South Australia:
Interest at
Beginning
Property Name Tenement Status
and End of
Quarter
Lyons EL 5221 100% Exploration Licence
Claypan Dam EL 5758 NIL Exploration Licence
The Company’s interest in the Waterberg Coal Project,
located in South Africa:
Properties 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 37.39% Granted Renewal lodged 19
Prospecting Venture Joint New Order September 2011 and
Right Venture Prospectin prior to the expiry
(Sekoko g Right No. date.
Resources 651/2006,
and Uzalile) 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 37.39% Granted 3 July 2016
ein Prospecting Venture Coal New Order
Right Prospectin
g Right No.
681/2007,
on
13/10/05.
Renewal
on 3 July
2013
Duikerfontein Duikerfontein First Joint Sekoko 37.39% Granted 3 July 2016
Prospecting Venture Coal New Order
Right Prospectin
g Right No.
681/2007,
on
13/10/05.
Renewal
on 3 July
2013
Swanepoelpan Duikerfontein First Joint Sekoko 37.39% Granted 3 July 2016
Prospecting Venture Coal New Order
Right Prospecting
Right No.
681/2007,
on
13/10/05
Smitspan Mining Right Second Sekoko 37.39% Granted 16/09/2041
Joint Venture Coal New Order
Mining
Right No.
22/2011,
on
17/09/11
Massenberg Mining Right Second Sekoko 37.39% Granted 16/09/2041
Joint Venture Coal New Order
Mining
Right No.
22/2011,
on
17/09/11
Minnasvlakte Mining Right Second Sekoko 37.39% Granted 16/09/2041
Joint Venture Coal New Order
Mining
Right No.
22/2011,
on
17/09/11
Hooikraal Mining Right Second Sekoko 37.39% Granted 16/09/2041
Joint Venture Coal New Order
Mining
Right No.
22/2011,
on
17/09/11
08 August 2016
JSE Sponsor: The Standard Bank of South Africa Limited
Date: 08/08/2016 12:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.