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TAWANA RESOURCES NL - Appendix 5B Mining exploration entity quarterly report

Release Date: 31/10/2012 12:33:00      Code(s): TAW       PDF(s):  
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”)


  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 2012


  Consolidated statement of cash flows
                                                                               Current quarter               Year to date
Cash flows related to operating activities                                     $A’000                        (9 months)
                                                                                                             $A’000
1.1       Receipts from product sales and related debtors                                             -                           -

1.2       Payments for     (a) exploration & evaluation                                            (220)                       (689)
                           (b) development                                                            -                           -
                           (c) production                                                             -                           -
                           (d) administration                                                      (368)                     (1,102)
1.3       Dividends received                                                                          -                           -
1.4       Interest and other items of a similar nature
          received                                                                                  23                          86
1.5       Interest and other costs of finance paid                                                   -                           -
1.6       Income taxes paid                                                                          -                           -
1.7       Other (provide details if material)                                                        -                           -

          Net Operating Cash Flows                                                                 (565)                     (1,705)

          Cash flows related to investing activities
1.8       Payment for purchases of:
                          (a) prospects                                                               -                          -
                          (b) equity investments                                                      -                          -
                          (c) other fixed assets                                                    (10)                      (160)
1.9       Proceeds from sale of:
                          (a) prospects                                                               -                          -
                          (b) equity investments                                                      -                          -
                          (c) other fixed assets                                                      -                        259
1.10      Loans to other entities                                                                     -                          -
1.11      Loans repaid by other entities                                                              -                          -
1.12      Other (provide details if material)                                                         -                          -

          Net investing cash flows                                                                  (10)                        99
1.13   Total operating and investing cash flows
       (carried forward)                          (575)   (1,606)
1.13    Total operating and investing cash flows
        (brought forward)                                                     (575)                    (1,606)

        Cash flows related to financing activities
1.14    Proceeds from issues of shares, options, etc.                          200                         200
1.15    Proceeds from sale of forfeited shares                                   -                           -
1.16    Proceeds from borrowings                                                 -                           -
1.17    Repayment of borrowings                                                  -                           -
1.18    Dividends paid                                                           -                           -
1.19    Other – share issue costs                                                -                           -
                                                                               200                         200
        Net financing cash flows

        Net increase (decrease) in cash held                                  (375)                    (1,406)

1.20    Cash at beginning of quarter/year to date                            2,710                        3,723
1.21    Exchange rate adjustments to item 1.20                                  (5)                          13
                                                                             2,330                        2,330
1.22    Cash at end of quarter

  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               94


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


  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 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                                                                         650

4.2    Development                                                                                             -

4.3    Production                                                                                              -

4.4    Administration                                                                                        350


       Total                                                                                             1,000

  Reconciliation of cash
 Reconciliation of cash at the end of the quarter (as            Current quarter          Previous quarter
 shown in the consolidated statement of cash flows) to           $A’000                   $A’000
 the related items in the accounts is as follows.
 5.1     Cash on hand and at bank                                              2,310                     2,690
                                                                                    20                        20
 5.2     Deposits at call
                                                                                     -                         -
 5.3     Bank overdraft
                                                                                     -                         -
 5.4     Other (provide details)
                                                                               2,330                     2,710
         Total: cash at end of quarter (item 1.22)


  Changes in interests in mining tenements
                                         Tenement        Nature of interest              Interest at   Interest at
                                         reference       (note (2))                      beginning     end of
                                                                                         of quarter    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 quoted          Issue price per        Amount paid up per
                                                                             security (see note     security (see note 3)
                                                                             3) (cents)             (cents)
7.1      Preference                               -                      -
         +securities

7.2      Changes during                       N/A                    N/A
         quarter
7.3      +Ordinary                   876,629,043            876,629,043
         securities
7.4      Changes during
         quarter
         (a) Increases                20,000,000             20,000,000      $0.01 on exercise      $0.01 on exercise of
          through issues                                                     of options             options
         (b) Decreases
         through returns
         of capital, buy-
         backs
7.5      +Convertible                             -                      -
         debt securities
7.6      Changes during                       N/A                    N/A
         quarter
7.7      Options                                                             Exercise price         Expiry date
         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             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
         Unlisted options              1,250,000                         -   $0.03                  10 Nov 2013
         Unlisted options              1,250,000                         -   $0.05                  10 Nov 2015
         Unlisted options             28,500,000                         -   $0.036                 30 April 2015

7.8      Issued during
         quarter                                  -                      -   -                      -
7.9      Exercised during
         quarter                      20,000,000                         -   $0.01                  31 July 2012
7.10     Expired during
         quarter                       5,000,000                         -   $0.03                  9 Sept 2012
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 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.

                                             == == == == ==

31 October 2012
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd

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