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TAW - Tawana - Appendix 5B - Mining exploration entity quarterly report

Release Date: 29/01/2010 12:13:02      Code(s): TAW
TAW - Tawana - Appendix 5B - Mining exploration entity quarterly 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")                                                     
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                                                                  
Tawana Resources N.L.                                                           
ABN                          Quarter ended ("current quarter")                  
69 085 166 721               31 December 2009                                   

Consolidated statement of cash flows                                            
Cash flows related to operating  Current quarter  Year to date                  
activities                       $A`000           12 months)                    
$A`000                         
1.1  Receipts from product       -                -                             
    sales and related debtors                                                   
1.2  Payments for:                                                              
(a) exploration and         (8)              (230)                          
    evaluation                                                                  
    (b) development             -                -                              
    (c) production              -                -                              
(d) administration          (178)            (648)                          
1.3  Dividends received          -                -                             
1.4  Interest  received          9                15                            
1.5  Interest and other costs    -                -                             
of finance paid                                                             
1.6  Income taxes paid           -                -                             
1.7  Other (provide details if   (9)              (4)                           
    material)                                                                   
(VAT Refund from SARS)                                                      
                                --------------   --------------                 
    Net Operating Cash Flows    (186)            (867)                          
                                --------------   --------------                 
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      41               236                            
1.10 Loans to other entities     -                -                             
1.11 Loans repaid by other       -                -                             
entities                                                                    
                                --------------   --------------                 
    Net investing cash flows    41               236                            
                                --------------   --------------                 
1.13 Total operating and         (145)            631)                          
    investing cash flows                                                        
    (carried forward)                                                           
                                                                                
Cash flows related to                                                       
    financing activities                                                        
1.14 Proceeds from issues of     323              411                           
    shares, options, etc.                                                       
1.15 Proceeds from sale of       -                -                             
    forfeited shares                                                            
1.16 Proceeds from borrowings    125              550                           
1.17 Repayment of borrowings     -                -                             
1.18 Dividends paid              -                -                             
1.19 Other (provide details if   -                -                             
    material)                                                                   
    Net financing cash flows    448              961                            
Net increase (decrease) in  303              330                            
    cash held                                                                   
1.20 Cash at beginning of        40               13                            
    quarter/year to date                                                        
1.21 Exchange rate adjustments   5                5                             
    to item 1.20                                                                
1.22 Cash at end of quarter      348              348                           
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  230                           
    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                                                                
    Directors` fees and payments made to Wilmoth Field Warne -                  
an entity related to a director.                                            
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           Amount                         
                                available        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                   10                            
4.2  Development                                                                
                                                                                
    Total                                        10                             
Reconciliation of cash                                                          
    Reconciliation of cash at   Current          Previous                       
    the end of the quarter (as  quarter          quarter                        
    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 at bank    348              40                            
5.2  Deposits at call            -                -                             
5.3  Bank overdraft              -                -                             
5.4  Other (provide details)     -                -                             
Total: cash at end of                                                       
    quarter (item 1.22)         348              40                             
Changes in interests in mining tenements                                        
                   Tenement    Nature of   Interest    Interest                 
refer-ence  interest    at begin-   at end of                
                               (note (2))  ning of     quarter                  
                                           quarter                              
6.1  Interests in                                                               
mining                                                                      
    tenements                                                                   
    relinquished,                                                               
    reduced or                                                                  
lapsed                                                                      
6.2  Interests in                                                               
    mining                                                                      
    tenements                                                                   
acquired or                                                                 
    increased                                                                   
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.                           
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    Amount                  
                                 quoted        price    paid up                 
                                               per      per                     
                                               security security                
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                                                                  
    securities     134,699,768   134,699,768                                    
7.4  Changes                                                                    
during                                                                      
    quarter                                                                     
                                                                                
    (a)            82,439,586    82,439,586    $0.005   $0.005                  
Increases                                                                   
    through                                                                     
    issues                                                                      
    (b)  Increase                                                               
through                                                                     
    exercise of                                                                 
    options                                                                     
7.5  +Convertible   6,666,667                                                   
debt                                                                        
    securities                                                                  
    (description)                                                               
7.6  Changes                                                                    
during                                                                      
    quarter                                                                     
    (a) Increases                                                               
    through                                                                     
issues                                                                      
    (b) Decreases                                                               
    through                                                                     
    securities                                                                  
matured,                                                                    
    converted                                                                   
7.7  Options                                  Exercise  Expiry                  
    (description                             price     date                     
and                                                                         
    conversion                                                                  
    factor)                                                                     
                   13,240,053   13,240,053   $0.10     1/04/2011                
1,420,000                 $ 0.35    30/11/2011               
                   6,750,000                 $ 0.10    17/01/2014               
                   4,000,000                 $ 0.07    18/06/2012               
                   6,000,000                 $ 0.10    17/01/2013               
6,750,000                 $ 0.07    17/01/2013               
7.8  Issued during                                                              
    quarter                                                                     
7.9  Exercised                                                                  
during                                                                      
    quarter                                                                     
7.10 Expired                                                                    
    during                                                                      
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 4).                                   
2    This statement does give a true and fair view of the matters disclosed.    
Sign here:                         Date:     29th January, 2010                 
(Director)                                                                      
Print name:    Euan Luff                                                        
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.                                                      
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty)( Ltd)                            
Date: 29/01/2010 12:13:01 Supplied by www.sharenet.co.za                     
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