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TAW - Tawana Resources NL - Mining Exploration entity quarterly report

Release Date: 31/10/2011 10:48:01      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")                                                     
Mining Exploration entity quarterly report                                      
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 September 2011                         
Consolidated statement of cash flows                                            
                                  Current        Year to date                   
Cash flows related to operating    quarter        (9 months)                    
activities                         $A`000         $A`000                        
1.1    Receipts from product       -              -                             
      sales and related debtors                                                 
                                                                                
1.2    Payments for                                                             
(a)  exploration &                                                        
      evaluation                  (280)          (422)                          
      (b)  development            -              -                              
      (c)  production             -              -                              
(d)  administration         (148)          (984)                          
1.3    Dividends received          -              -                             
1.4    Interest and other items                                                 
      of a similar nature                                                       
received                    54             125                            
1.5    Interest and other costs                                                 
      of finance paid             -              -                              
1.6    Income taxes paid           -              -                             
1.7    Other (provide details if                                                
      material)                   -              8                              
                                                                                
      Net Operating Cash Flows    (374)          (1,273)                        

      Cash flows related to                                                     
      investing activities                                                      
1.8    Payment for purchases of:                                                
(a)  prospects              -              -                              
      (b)  equity investments     -              -                              
      (c)  other fixed assets     (130)          (141)                          
1.9    Proceeds from sale of:                                                   
(a)  prospects              -              -                              
      (b)  equity investments     -              -                              
      (c)  other fixed assets     -              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    (130)          (105)                          
1.13   Total operating and                                                      
      investing cash flows                                                      
(carried forward)           (504)          (1,378)                        
1.13  Total operating and                                                       
     investing cash flows                                                       
     (brought  forward)           (504)         (1,378)                         

     Cash flows related to                                                      
     financing activities                                                       
1.14  Proceeds from issues of                                                   
shares, options, etc.        -             5,050                           
1.15  Proceeds from sale of                                                     
     forfeited shares             -             -                               
1.16  Proceeds from borrowings     -             3                              
1.17  Repayment of borrowings      -             -                              
1.18  Dividends paid               -             -                              
1.19  Other - share issue costs    -             (225)                          
     Net financing cash flows                                                   
-             4,828                           
                                                                                
     Net increase (decrease) in                                                 
     cash held                    (504)         3,450                           

1.20  Cash at beginning of                                                      
     quarter/year to date         4,788         835                             
1.21  Exchange rate adjustments                                                 
to item 1.20                 5             4                               
1.22  Cash at end of quarter       4,289         4,289                          
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              31                              
                                                                                
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.  Loan facilities                                                             
1                                -              -                               
3.  Credit standby arrangements                                                 
2                                -              -                               
Estimated cash outflows for next quarter                                        
                                         $A`000                                 
4.1  Exploration and evaluation                                                 
400                                    
4.2  Development                                                                
                                         -                                      
4.3  Production                           -                                     

4.4  Administration                       300                                   
                                                                                
                                                                                
Total                                700                                    
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     4,269         4,768                           
5.2   Deposits at call             20            20                             
5.3   Bank overdraft               -             -                              
5.4   Other (provide details)      -             -                              
Total: cash at end of        4,289         4,788                             
   quarter (item 1.22)                                                          
Changes in interests in mining tenements                                        
                   Tenement    Nature of      Interes Interest                  
reference   interest       t at    at end of                 
                               (note (2))     beginni quarter                   
                                              ng of                             
                                              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 paid       
                                   quoted        per          up per            
security     security          
                                                 (see note    (see note         
                                                 3) (cents)   3) (cents)        
7.1   Preference       -            -                                           
+securities                                                                
7.2   Changes during   N/A          N/A                                         
     quarter                                                                    
7.3   +Ordinary        856,629,043  856,629,043                                 
securities                                                                 
7.4   Changes during                                                            
     quarter                                                                    
     (a)  Increases                                                             
through issues   -            -                                            
     (b)  Decreases                                                             
     through returns                                                            
     of capital, buy-                                                           
backs                                                                      
7.5   +Convertible     -            -                                           
     debt securities                                                            
7.6   Changes during   N/A          N/A                                         
quarter                                                                    
                                                                                
7.7                                               Exercise     Expiry date      
     Options                                     price                          
Unlisted                                                                   
     options          1,420,000    -             $0.35        30 Nov 2011       
     Unlisted                                                                   
     options          4,000,000    -             $0.07        18 Jun 2012       
Unlisted                                                                   
     options          6,000,000    -             $0.10        17 Jan 2013       
     Unlisted                                                                   
     options          6,750,000    -             $0.07        17 Jan 2013       
Unlisted                                                                   
     options          6,750,000    -             $0.10        17 Jan 2014       
     Unlisted                                                                   
     options          50,000,000   -             $0.01        23 Feb 2013       
Unlisted                                                                   
     options          20,000,000   -             $0.01        31 Jul 2012       
     Unlisted                                                                   
     options          5,000,000    -             $0.03        9 Sep 2012        
Unlisted                                                                   
     options          50,000,000   -             $0.01        30 Jul 2013       
     Unlisted                                                                   
     options          5,000,000    -             $0.05        9 Sep 2014        
Unlisted                                                                   
     options          25,000,000   -             $0.01        8 Mar 2014        
7.8   Issued during                                                             
     quarter          Nil          -                                            
7.9   Exercised                                                                 
     during quarter   Nil          -                                            
7.10  Expired during                                                            
     quarter          Nil          -                                            
7.11  Debentures       -            -                                           
                                                                                
7.12  Unsecured notes  -            -                                           
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 give a true and fair view of the matters disclosed.    
Sign here:     ............................................................     
Date: 31 October 2011                                                           
    Company secretary                                                           
Print name:    Aaron Finlay                                                     
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 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.                                  
31 October 2011                                                                 
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 31/10/2011 10:48:01 Supplied by www.sharenet.co.za                     
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