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TAW - Tawana Resources NL - Mining Exploration entity Quarterly Report

Release Date: 29/07/2011 10:11:01      Code(s): TAW
TAW - Tawana Resources NL - 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")                                                     
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 Resources NL                                                             
ABN                                   Quarter ended                             
                                   ("current quarter")                          
69 085 166 721                        30 June 2011                              
Consolidated statement of cash flows                                            
Current       Year to date                 
Cash flows related to operating      quarter       (6 months)                   
activities                           $A`000        $A`000                       
1.1     Receipts from product sales   -             -                           
and related debtors                                                      
                                                                                
1.2     Payments for                                                            
       (a)  exploration &                                                       
evaluation                    (64)          (142)                        
       (b)  development              -             -                            
       (c)  production               -             -                            
       (d)  administration           (456)         (836)                        
1.3     Dividends received            -             -                           
1.4     Interest and other items of                                             
       a similar nature received     58            71                           
1.5     Interest and other costs of   -             -                           
finance paid                                                             
1.6     Income taxes paid             -             -                           
1.7     Other (provide details if     -             8                           
       material)                                                                

       Net Operating Cash Flows      (462)         (899)                        
                                                                                
       Cash flows related to                                                    
investing activities                                                     
1.8     Payment for purchases of:                                               
       (a)  prospects                -             -                            
       (b)  equity investments       -             -                            
(c)  other fixed assets       (4)           (11)                         
1.9     Proceeds from sale of:                                                  
       (a)  prospects                -             -                            
       (b)  equity investments       -             -                            
(c)  other fixed assets       36            36                           
1.10    Loans to other entities       -             -                           
1.11    Loans repaid by other                                                   
       entities                      -             -                            
1.12    Other (provide details if                                               
       material)                     -             -                            
                                                                                
       Net investing cash flows      32            25                           
1.13    Total operating and                                                     
       investing cash flows                                                     
       (carried forward)             (430)         (874)                        
1.13  Total operating and investing                                             
cash flows (brought  forward)  (430)         (874)                         
                                                                                
     Cash flows related to                                                      
     financing activities                                                       
1.14  Proceeds from issues of                                                   
     shares, options, etc.          300           5,050                         
1.15  Proceeds from sale of                                                     
     forfeited shares               -             -                             
1.16  Proceeds from borrowings       3             3                            
1.17  Repayment of borrowings        -             -                            
1.18  Dividends paid                 -             -                            
1.19  Other - share issue costs      (225)         (225)                        
Net financing cash flows       78            4,828                         
                                                                                
     Net increase (decrease) in                                                 
     cash held                      (352)         3,954                         

1.20  Cash at beginning of                                                      
     quarter/year to date           5,140         835                           
1.21  Exchange rate adjustments to                                              
item 1.20                      -             (1)                           
1.22  Cash at end of quarter         4,788         4,788                        
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             49                               
                                                                                
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                                 
                                                                                
     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                                                                        
                                                                                
                                                                                
Financing facilities available                                                  
Add notes as necessary for an understanding of the position.                    
                                Amount         Amount used                      
                                available      $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          400                                    
                                                                                
4.2  Development                         -                                      
                                                                                
4.3  Production                          -                                      
                                                                                
4.4  Administration                      325                                    
                                                                                

    Total                               725                                     
Reconciliation of cash                                                          
Reconciliation of cash at the   Current        Previous                         
end of the quarter (as shown    quarter        quarter                          
in the consolidated statement   $A`000         $A`000                           
of cash flows) to the related                                                   
items in the accounts is as                                                     
follows.                                                                        
5.1 Cash on hand and at bank    4,768          5,120                            
5.2 Deposits at call            20             20                               
5.3 Bank overdraft              -              -                                
5.4 Other (provide details)     -              -                                
   Total: cash at end of       4,788          5,140                             
   quarter (item 1.22)                                                          
Changes in interests in mining tenements                                        
Tenement     Nature of  Interest at   Interest               
                   reference    interest   beginning of  at end of              
                                (note      quarter       quarter                
                                (2))                                            
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       Issue     Amount paid               
                  number       quoted       price     up per                    
per       security                  
                                            security  (see note 3)              
                                            (see      (cents)                   
                                            note 3)                             
(cents)                             
7.1  Preference    -            -                                               
    +securities                                                                 
7.2  Changes       N/A          N/A                                             
during                                                                      
    quarter                                                                     
7.3  +Ordinary     856,629,043  856,629,043                                     
    securities                                                                  
7.4  Changes                                                                    
    during                                                                      
    quarter                                                                     
    (a)           30,000,000   30,000,000   1 cent    Fully paid                
Increases                                                                   
    through                                                                     
    issues                                                                      
    (b)                                                                         
Decreases                                                                   
    through                                                                     
    returns of                                                                  
    capital, buy-                                                               
backs                                                                       
7.5  +Convertible  -            -                                               
    debt                                                                        
    securities                                                                  
7.6  Changes       N/A          N/A                                             
    during                                                                      
    quarter                                                                     
7.7  Unlisted                                Exercise  Expiry date              
options                                 price                               
    Unlisted      1,420,000    -            $0.35     30 Nov 2011               
    options                                                                     
    Unlisted      4,000,000    -            $0.07     18 Jun 2012               
options                                                                     
    Unlisted      6,000,000    -            $0.10     17 Jan 2013               
    options                                                                     
    Unlisted      6,750,000    -            $0.07     17 Jan 2013               
options                                                                     
    Unlisted      6,750,000    -            $0.10     17 Jan 2014               
    options                                                                     
    Unlisted      50,000,000   -            $0.01     23 Feb 2013               
options                                                                     
    Unlisted      20,000,000   -            $0.01     31 Jul 2012               
    options                                                                     
    Unlisted      5,000,000    -            $0.03     9 Sep 2012                
options                                                                     
    Unlisted      50,000,000   -            $0.01     30 Jul 2013               
    options                                                                     
    Unlisted      5,000,000    -            $0.05     9 Sep 2014                
options                                                                     
                  25,000,000   -            $0.01     8 Mar 2014                
7.8  Issued                                                                     
    during                                                                      
quarter       Nil          -                                                
7.9  Exercised                                                                  
    during                                                                      
    quarter                                                                     
Unlisted                                                                    
    options       30,000,000   -            $0.01     31 Jul 2012               
7.10 Expired                                                                    
    during                                                                      
quarter                                                                     
    Listed                                                                      
    options       13,240,053   13240,053    $0.10     1 Apr 2011                
7.11 Debentures    -            -                                               

7.12 Unsecured     -            -                                               
    notes                                                                       
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: 29 July 2011                                                              
Company secretary                                                               
Print name:    Aaron Finlay                                                     
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 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.                                                           
29 July 2011                                                                    
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 29/07/2011 10:11:00 Supplied by www.sharenet.co.za                     
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