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TAWANA RESOURCES NL - Quarterly cash flow report

Release Date: 17/04/2014 14:18:00      Code(s): TAW       PDF(s):  
Quarterly cash flow 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 Resource NL

ABN                                                                                              Quarterly ended (“Current quarterly”)
69 085 166 721                                                                                   31 March 2014

Consolidated Statement of cash flows
Cash flows related to operating activities                                                       Current quarter         Year to date
                                                                                                 $A’000                  (3 Months)
                                                                                                                          $ A’000

1.1 Receipts from product sales and related debtors                                                           -                -

1.2 Payment for (a) exploration & evalustion                                                               (559)            (559)
                (b) development                                                                               -                -
                (c) production                                                                                -                -
                (d) admimistration                                                                         (582)            (582)

1.3 Dividends received                                                                                        -                -

1.4 Interest and other items of similar nature
    Received                                                                                                  4                4

1.5 Interest and other cost finance paid                                                                      -                -

1.6 Income taxes paid                                                                                         -                -

1.7 Other (Provide details if material)                                                                       -                -

Net Operating Cash Flows                                                                                  (1.137)         (1 137)

Cash flows related to operating activities

1.8 Payment for purchases of:
                       (a) prospects                                                                           -              -
                       (b) equity investments                                                                  -              -
                       (c) other fixed assets                                                                 (3)            (3)

1.9 Proceeds from sale of:
                       (a) prospects                                                                           -               -
                       (b) equity investments                                                                  -               -
                       (c) other fixed assets                                                                  -               -

1.10 Loan to others                                                                                            -               -
1.11 Loan repaid by others entities                                            -                 -

1.12 Other (Provide details if material)                                       -                 -

     Net Investing cash flows                                                 (3)               (3)

1.13 Total operating and investing cash flows
     (Carried forward)                                                    (1,140)            (1,140)

1.13 Total operating and investing cash flows
     (Carried forward)                                                    (1,140)            (1,140)


     Cash flow related to financing activities

1.14 Proceeds from issues of shares, options, etc                            261                261

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                                                 -                 -

     Net Financing cash flows                                                261                261

     Net Increase (decrease) in cash held                                    (879)               (879)

1.20 Cash at beginning of quarter/year to date                             (2,045)             (2,045)

1.21 Exchange rate adjustments to item 1.20                                   (53)                (53)

1.22 Cash at end of quarter                                                (1,113)             (1,113)



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                156

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 salaries, fees and superannuation

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




Financial 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                                                                             495

4.2 Development                                                                                              -

4.3 Production                                                                                               -

4.4 Administration                                                                                         766

    Total                                                                                                1, 261

Reconciliation of cash

Reconciliation of cash at the end of the                                   Current quarter      Previous quarter
quarter (as 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 bank                                                      1, 093                     2,025

5.2 Deposit at call                                                                20                        20

5.3 Bank overdraft                                                                  -                         -

5.4 Other (Provide details                                                          -                         -
   Total: cash at end of quarter (item 1.22)                                    1,113                     2,045


Changes in interests in mining tenements
                                      Tenement         Nature of          Interest at         Interest at end of
                                      reference        interest           beginning of        end of quarter
                                                       (note (2))         quarter
6.1 Interest in mining
    Tenements relinquished
    Reduced or lapsed

6.2 Interest in mining
    tenements acquired of
    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
                                                                            securities (see           per security (see
                                                                            note 3)(cents)            note 3) (cents)
7.1 Preference                        -                         -
   +securities

7.2 Changes during                   N/A                       N/A
quarter

7.3 +Ordinary            1 251 379 043                1 251 379 043
     Securities

7.4 Changes during
quarter
(a) increases                25 000 000                  25 000 000               $0.01                     $0.01
through issues                  750 000                     750 000               $0.015                    $0.015
(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             5,000,000                             -               $0.05                     9 Sep 2014
Unlisted options             1,250,000                             -               $0.05                     10 Nov 2015
Unlisted options             28,500,000                            -               $0.036                    30 April 2015
Unlisted options             10,000,000                            -               $0.0001                   31 August 2014
Unlisted options             10,000,000                            -               $0.0001                   31 August 2015
Unlisted options             10,000,000                            -               $0.0001                   31 August 2016
Unlisted options             30,750,000                            -               $0.015                    12 December 2016
Unlisted options             10,000,000                            -               $0.046                    12 December 2016
Unlisted options             10,000,000                            -               $0.018                    12 December 2016
Unlisted options             1,000,000                             -               $0.039                    20 January 2017

7.8 Issued during            1,000,000                                             $0.039                    20 January 2017
quarter                      5,000,000                             -               $0.042                     7 February 2017

7.9 Issued during            1,000,000                             -               $0.039                     8 March 2014
quarter                      25,000,000                            -               $0.042                    12 December 2016

7.10 Expired during          6,750,000                             -               $0.10                     17 January 2014
quarter                      5,000,000                                             $0.042                     7 February 2017

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: 16 April 2014
                           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
  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.


17 April 2014

Sponsor
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited

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