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TAW - Tawana Resources NL - Mining Exploration entity quarterly report

Release Date: 27/01/2012 16:53:02      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                        31 December 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                   (276)         (698)                          
      (b)  development             -             -                              
      (c)  production              -             -                              
(d)  administration          (334)         (1318)                         
1.3   Dividends received           -             -                              
1.4   Interest and other items                                                  
      of a similar nature                                                       
received                     45            170                            
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     (565)         (1838)                         

      Cash flows related to                                                     
      investing activities                                                      
1.8   Payment for purchases of:                                                 
(a)  prospects               -             -                              
      (b)  equity investments      -             -                              
      (c)  other fixed assets      -             (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)           (565)         (1943)                          

     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                    (565)         2885                            

1.20  Cash at beginning of                                                      
     quarter/year to date         4289          835                             
1.21  Exchange rate adjustments                                                 
to item 1.20                 (3)           1                               
1.22  Cash at end of quarter       3271          3271                           
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              119                            
                                                                                
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                       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    3701           4269                            
5.2   Deposits at call           20             20                              
5.3   Bank overdraft             -              -                               
5.4   Other (provide details)    -              -                               
     Total: cash at end of       3721           4289                            
     quarter (item 1.22)                                                        
Changes in interests in mining tenements                                        
Tenement    Nature of         Interest at  Interest          
                   reference   interest          beginning    at end of         
                               (note (2))        of quarter   quarter           
6.1   Interests in  MTR371/200  One exploration   100%         Nil              
mining        7PR         license in South                                 
     tenements                 Africa was                                       
     relinquished              relinquished  at                                 
     , reduced or              Perdevlei                                        
lapsed                                                                     
                                                                                
                                                                                
6.2   Interests in  MRL13029    One               Nil          100%             
mining                    reconnaissance                                   
     tenements                 license was                                      
     acquired or               acquired in                                      
     increased                 Liberia at Mofe                                  
Creek                                            
                                                                                
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 up                       
     number       quoted      price per    per security (see                    
                              security     note 3) (cents)                      
(see note                                         
                              3) (cents)                                        
7.1   Preference   -           -                                                
     +securities                                                                
7.2   Changes      N/A         N/A                                              
     during                                                                     
     quarter                                                                    
7.3   +Ordinary    856,629,04  856,629,04                                       
securities   3           3                                                 
7.4   Changes                                                                   
     during                                                                     
     quarter                                                                    
(a)          -           -                                                 
     Increases                                                                  
     through                                                                    
     issues                                                                     
(b)                                                                        
     Decreases                                                                  
     through                                                                    
     returns of                                                                 
capital,                                                                   
     buy-backs                                                                  
7.5   +Convertibl  -           -                                                
     e debt                                                                     
securities                                                                 
7.6   Changes      N/A         N/A                                              
     during                                                                     
     quarter                                                                    

7.7                                         Exercise price    Expiry date       
     options                                                                    
     Unlisted                              $0.07                                
options      4,000,000   -                              18 Jun 2012        
     Unlisted                              $0.07                                
     options      6,000,000   -                              17 Jan 2013        
     Unlisted                              $0.10                                
options      6,750,000   -                              17 Jan 2013        
     Unlisted                              $0.07                                
     options      6,750,000   -                              17 Jan 2014        
     Unlisted                              $0.10                                
options      50,000,000  -                              23 Feb 2013        
     Unlisted                              $0.01                                
     options      20,000,000  -                              31 Jul 2012        
     Unlisted                              $0.01                                
options      5,000,000   -                              9 Sep 2012         
     Unlisted                              $0.03                                
     options      50,000,000  -                              30 Jul 2013        
     Unlisted                              $0.01                                
options      5,000,000   -                              9 Sep 2014         
     Unlisted                              $0.05                                
     options      25,000,000  -                              8 Mar 2014         
     options                               $0.01                                
Unlisted     1,250,00    -                              10 Nov 2013        
     options                               $0.05                                
     Unlisted     1,250,00                                   10 Nov 2015        
                                                                                

7.8   Issued                                                                    
     during                                                                     
     Quarter                                                                    
-            $0.03             10 Nov 2013        
     options      1,250,00                                                      
     Unlisted                              $0.03             10 Nov 2015        
     options      1,250,00    -                                                 
Unlisted                                                                   
7.9   Exercised                                                                 
     during       Nil         -                                                 
     quarter                                                                    
7.10  Expired                                                                   
     during       1,420,00o   -            $0.35             30 Nov 2011        
     quarter                                                                    
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: 27 January 2012                                                           
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.                                                           
27 January 2012                                                                 
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 27/01/2012 16:53:01 Supplied by www.sharenet.co.za                     
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