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EMU NL ABN 50 127 291 927
QUATERLEY REPORT FOR THE PERIOD ENDING 31 MARCH 2013
HIGHLIGHTS
TONNES PROCESSED (MARCH) 118,868
OPERATING COSTS MARCH (PER TONNE) US$5.77
DIAMONDS RECOVERED (MARCH) (CARATS) 7,113
DIAMONDS SOLD MARCH & APRIL (CARATS) 10,345
FUNDS RECEIVED MARCH & APRIL SALES US$1.44M
AVERAGE PRICE PER CARAT US$139
SOUTH AFRICA DIAMOND OPERATIONS
As announced on 20th February 2013, Emu NL and El Nino Mining Proprietary Limited (a South African registered company) had entered into an agreement to jointly acquire ownership of Superkolong Proprietary Limited, a South Africa registered company whose business is the recovery of diamonds from coarse tailings at Kimberley, South Africa.
The change of ownership of Superkolong was completed on 28 February and the transition to new owners occurred seamlessly on 1 March 2013. Since assuming control of the operation, areas of historically high break down frequency, high maintenance costs and operational inefficiency have been targeted and this work is ongoing. As these parts of the operation are upgraded there will be a gradual improvement in tonnes processed and stabilisation of costs.
The tender results have been favourable due to the quality of the diamonds recovered. The tender result for April included diamonds recovered up until 20th April. Diamonds recovered from then to month end will be held over to the May sales which will be held during the week beginning 20th May.
Thursday,*21*March*2013*2:04:10*PM*Australian*Western*Standard*Time
Page*1*of*2
Subject: Re:$Emu$logo$conceptsDate: Tuesday,$19$March$2013$9:37:22$PM$Australian$Western$Standard$Time
From: Richard$SchaeferTo: Greg$&$Barbara$SteemsonCC: [email protected]
Hi Greg,Have a look and see if any of these take your fancy.
Many thanks,Richard
On 19/03/2013, at 11:30 AM, Greg & Barbara Steemson <[email protected]> wrote:
Richard,I think I like the concept. Can we try a combination of yellow and blue – two of the coloured diamond colours. Greg$SteemsonManaging$DirectorEmu$Nickel$NL10$Walker$Ave,$West$Perth,$WA$6005PO$Box$1112,$West$Perth,$WA$6872T$+61$8$9226$4266M$+61$41$798$1814E$gsteemson@[email protected]
From:1Richard$Schaefer$<[email protected]>Date:1Monday,$18$March$2013$11:10$PMTo:1<[email protected]>Subject:1Emu$logo$concepts
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WESTERN AUSTRALIAN PROJECTS
Emu Lake Joint Venture (Emu 30.3%)
The joint venture partners have initiated the process of divesting this project and are in discussions with several parties.
Lake Pyramid
No work undertaken. The Company is seeking expressions of interest for this project.
Ward Springs
The drilling program proposed to test the EM targets was approved by the DMR. The Company is seeking expressions of interest for this project also.
PLACEMENT
On 11th April 2013 shareholders approved a placement of 14,747,964 contributing shares to Bullantco Pty Ltd, a company associated with Messrs Steemson and Thomas. Upon receipt of funds from this placement, the Company’s funds will increase by approximately $442,438.
CHANGE OF NAME
At the same meeting to approve the Placement, shareholders also approved the change of name for the Company.
30 APRIL 2013
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About Superkolong Proprietary Limited Superkolong (SK) is a 30.4% shareholder of Kimberley Miners Forum Proprietary Limited (KMF) which has purchased various Tailings Mineral Resources around Kimberley, South Africa, from De Beers Consolidated Mining (DBCM). SK and the other two shareholders recover diamonds using their own processing plants. The material processed is drawn from several small outer dumps, the “Outer Dumps”, and the largest TMR, Chrono 1. Cautionary Statement The Chrono 1 mineral resource was estimated by DBCM in 2007. It was done in accordance with SAMREC and is a qualifying foreign resource estimate. The DBCM work has been reviewed by Greg Steemson FAusIMM who has concluded that the work complies with SAMREC/JORC and is reliable. In Mr Steemson’s view, no further work is justified. The resources for the Outer Dumps were also estimated by DBCM but apart from summary sheets prepared by DBCM and KMF production data, no other information is available. The Chrono data was collected by DBCM between August 2003 and August 2007. TABLE 1 Sampling techniques
Between 7 August 2003 and 10 August 2005, 154 large diameter auger (LDA) holes were drilled into the Chrono 1, 2, 3 and 4 dumps. 997 samples were collected. 760 samples were processed between March 2004 and October 2006. The remaining samples were not processed as the results would have only been available after the time scheduled for completion of the project and, in the view of DBCM, there was sufficient information to classify Chrono 1 as an Indicated Resource. In 2012, 206,000 t of material from Chrono 1 was processed by SK plant. The smaller Outer Dumps have been processed since 2007 by Kimberley Miners Forum Proprietary Limited and consistently return recovered grades between 6 and 9 cpht. These resources are classified as Inferred notwithstanding they are being processed as if they were reserves.
Drilling techniques.
A Bauer BG36C auger rig was used for the drilling program on the Chrono dumps. The rig drills a hole of diameter approximately 1m. This drilling technique is generally regarded as the best sampling method for diamonds. No drilling results are available for the outer dumps.
Drill sample recovery.
Samples generally weighed around 30t (arithmetic average 34t) but some were < 20t and some > 40t.
Logging.
The material recovered was coarse kimberlite tailings and rock and apart from that observation, there are no records of the material being described.
Sub-sampling techniques and sample
The samples were trucked to the DBCM Kimberley Mines Sampling Plant and processed between March 2004 and
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preparation.
October 2006. Samples were tipped into the feed bin then processed as follows: weightometer > scrubbing > aquamator > DMS > recovery > drier > sizing > x-ray sort > hand sorting > grease belt on x-ray tailings > weighing diamonds.
Quality of assay data and laboratory tests.
25,079t processed recovering 18,828 stones for 1,273.12 carats.
Verification of sampling and assaying.
No duplicate samples were taken.
Location of data points.
LDA holes were surveyed by the DBCM mine surveyor once drilling was completed.
Data spacing and distribution.
LDA holes were spaced approximately 60m apart.
Orientation of data in relation to geological structure.
The LDA holes were vertical which is the best drill hole orientation as the stratification is sub-horizontal.
Audits or reviews.
None documented by DBCM. Emu and El Nino have conducted their own reviews of the drilling and the processing during 2012. The material processed in 2012 did not reduce or increase the grade off the Outer Dump material.
Estimation and reporting of Mineral Resources Database integrity
The Chrono 1 DBCM drilling data has been entered into Xcel spread sheets for plotting and computation purposes. It has been checked against the original hard copy reports.
Geological interpretation
The dumps are generally sub-horizontally stratified.
Dimensions
The Chrono dumps are approximately 60m high and measure approximately 600m wide and 2,000m long in an arcuate shape. The Outer Dumps are of variable sizes. In general, the previous estimates have been found to be conservative in that the tonnages reclaimed are > resource estimates.
Estimation and modeling techniques
Chrono 1 was block modeled using blocks of dimension 120 x 120 x 10m. A copy of the report is not held by the Company.
Moisture
The tonnage factor was estimated by DBCM using the mass and estimated volume of each bulk sample and using the
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Troxler density gauge. Dry density 1.61 t/cu.m and insitu density 1.79 t/cu.m.
Cutoff parameters
Samples were screened at 1mm.
Mining factors The dump material is generally pushed by bulldozer and loaded with an excavator for transport to the plant sites.
Metallurgical factors
The dump material is amenable to conventional processing by pan and DMS.
Bulk density
See above
Chrono 1 42.7 million tonnes @ 6.15 cpht (weighted average grade of the bulk samples)
Outer Dumps 8.0 million tonnes @ 8 cpht (average recovered grade)
Classification
Chrono 1 is classified as Indicated. The Outer Dumps are classified as Inferred.
Audit
Apart from the review undertaken by Emu & El Nino, none known.
Estimation and reporting of diamonds and other gemstones
Source of Diamonds The diamonds are contained in coarse tailings and kimberlite derived from various kimberlite mining operations around Kimberley. The grade of the Outside Dumps is known from plant recoveries. The recovered grade of these dumps is between 6 and 9cpht. The Chrono TMRs came from various sources including Bultfontein, Wesselton, Du Toitspan. The diamonds range from low value industrial type goods to large gem quality diamonds.
Sample collection DBCM drilled 154 Large Diameter (1m) Auger holes through
the Chrono dumps, collected 997 bulk samples (nominally 30t each), processed 760 bulk samples (25,079 tons) and recovered 1,273.13 carats. A Bauer BG36C rig was used for the work. The LDA were drilled on a nominal 60m grid. Holes were drilled to the base of the dump, between 50 and 60m. Sample interval was nominally 5m.
Sample treatment The samples from the Chrono dumps were screened and
concentrated at the Kimberley Mines Sampling Plant which emulated DBCM full scale plants. Oversize was screened at 25mm. The bottom size was 1mm. The diamonds were recovered using a DMS followed by flow sort machines and grease tables.
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The oversize consists of primary kimberlite and was crushed before processing.
Sample grade Grades recovered per bulk sample ranged from nil to 47.2
carats (1 carat = 0.2g). Eighteen thousand eight hundred and twenty eight (18,828) stones were recovered amounting to 1,273.13 carats. The grade of the Outside Dumps is averaging between 6 and 9cpht based on actual plant recoveries. The average grade (estimated by DBCM) of the 760 samples processed by DBCM was 5.11cpht for the whole Chrono Dump. The weighted average grade (estimated by Emu/El Nino) of Chrono 1 samples was 6.15cpht with the grade slowly decreasing towards Chrono 2. The dry density was estimated (by DBCM) at 1.61t/m3 and wet density at 1.79t/m3.
Value estimation The average price per carat received by SK at tender for 2012 was US$102/ct. Values for individual parcels range from < US$30/ct for industrial goods to > US$2,000/ct for gem.
Security & integrity The bulk samples processed by DBCM followed their standard operating procedures.
Classification Chrono 1 – Indicated Outer Dumps - Inferred
QA/QC No quantitative information is available.
SUPERKOLONG+(PTY)+LTDDUMP+%+BLEND+vs+GRADE
BOSHOF+C BOSHOF+N AREA+8/8 GEMDENE+12 CHRONO+1 GRADEAPR$12 19 14 28 11 14 6.37MAY$12 11 13 38 16 8 7.06JUN$12 9 9 45 16 3 8.37JUL$12 8 8 42 11 18 8.43AUG$12 14 18 34 10 11 8.47SEP$12 27 19 27 5 19 6.69OCT$12 26 21 29 7 17 7.04NOV$12 25 17 26 12 20 9.79DEC$12 24 16 28 9 22 8.56
0$
5$
10$
15$
20$
25$
30$
35$
40$
45$
50$
APR$12$ MAY$12$ JUN$12$ JUL$12$ AUG$12$ SEP$12$ OCT$12$ NOV$12$ DEC$12$
DUMP+%+BLEND+vs+GRADE+>+2012+
BOSHOF$C$
BOSHOF$N$
AREA$8/8$
GEMDENE$12$
CHRONO$1$
GRADE$
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For more information on the company visit www.emunl.com.au Please direct enquiries to: Greg Steemson Managing Director Phone: (08) 9226 4266 Mobile: 0417 981 814 Email: [email protected]
SUPERKOLONG+(PTY)+LTDDUMP+%+BLEND+vs+GRADE
BOSHOF+C BOSHOF+N AREA+1/19 AREA+5/6 AREA+8/8 GEMDENE+12 CHRONO+1 GRADEJAN$13 28$$$$$$$$$$$$$$$$$ 14$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$ 32$$$$$$$$$$$$$$ 4$$$$$$$$$$$$$$$$$$$$$$$$$ 19$$$$$$$$$$$$$$$$$$ 8.89$$$$$$$ 100$$$$$$$$$$$$FEB$13 22$$$$$$$$$$$$$$$$$ 14$$$$$$$$$$$$$$$$$ 5$$$$$$$$$$$$$$$$$$$$ 4$$$$$$$$$$$$$$$$$$$$ 35$$$$$$$$$$$$$$ 2$$$$$$$$$$$$$$$$$$$$$$$$$ 19$$$$$$$$$$$$$$$$$$ 11.90$$$$ 101$$$$$$$$$$$$MAR$13 23$$$$$$$$$$$$$$$$$ 18$$$$$$$$$$$$$$$$$ 1$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$ 38$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$$$$$$$ 18$$$$$$$$$$$$$$$$$$ 5.98$$$$$$$ 101$$$$$$$$$$$$APR$13 23$$$$$$$$$$$$$$$$$ 11$$$$$$$$$$$$$$$$$ 5$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$ 38$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$$$$$$ 17$$$$$$$$$$$$$$$$$$ 6.59$$$$$$$ 100$$$$$$$$$$$$MAY$13 3$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$ 3$$$$$$$$$$$$$$$$$JUN$13 3$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$ 3$$$$$$$$$$$$$$$$$JUL$13 3$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$ 3$$$$$$$$$$$$$$$$$AUG$13 3$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$ 3$$$$$$$$$$$$$$$$$SEP$13 3$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$ 3$$$$$$$$$$$$$$$$$OCT$13 3$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$ 3$$$$$$$$$$$$$$$$$NOV$13 3$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$ 3$$$$$$$$$$$$$$$$$DEC$13 3$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$$$$$$$$$$$$$ 3$$$$$$$$$ 3$$$$$$$$$$$$$$$$$
$3$$
$5$$
$10$$
$15$$
$20$$
$25$$
$30$$
$35$$
$40$$
JAN$13$ FEB$13$ MAR$13$ APR$13$ MAY$13$ JUN$13$ JUL$13$ AUG$13$ SEP$13$ OCT$13$ NOV$13$ DEC$13$
DUMP+%+BLEND+vs+GRADE+A+2013+
BOSHOF$C$
BOSHOF$N$
AREA$1/19$
AREA$5/6$
AREA$8/8$
GEMDENE$12$
CHRONO$1$
GRADE$
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COMPETENT PERSON’S STATEMENT
The details contained in this report that pertain to exploration results, mineral resources and mineral reserves are based upon information compiled by Mr. Greg Steemson, Managing Director of Emu NL. Mr. Steemson is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM) and has sufficient experience in the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (JORC Code). Mr. Steemson consents to the inclusion in the report of the matters based upon his information in the form and context in which it appears.
FORWARD LOOKING STATEMENT
This report contains forward looking statements concerning the projects owned by Emu NL. Statements concerning mining reserves and resources may also be deemed to be forward looking statements in that they involve estimates based on specific assumptions. Forward-looking statements are not statements of historical fact and actual events and results may differ materially from those described in the forward looking statements as a result of a variety of risks, uncertainties and other factors. Forward looking statements are based on management’s beliefs, opinions and estimates as of the dates the forward looking statements are made and no obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future developments.
Emu NL ABN 50 127 291 927 ASX Code: EMU
10 Walker Ave West Perth, WA 6005
T +61 8 9226 4266 E [email protected]
PO Box 1112 West Perth, WA 6872
Issued Capital: Shares - Quoted: 34,643,856 fully paid shares 19,894,892 contributing shares
Options – Unquoted: 841,148 exercisable at $0.5874 by 22.12.2014 82,736 exercisable at $0.4266 by 21.12.2015
Directors: Peter Thomas Chairman Greg Steemson Managing Director George Sakalidis & Gavin Rutherford Non-Executive Directors
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Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
17/12/2010 Appendix 5B Page 1
Rule 5.3
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
Emu NL
ABN Quarter ended (“current quarter”)
50 127 291 927 31 March 2013
Consolidated statement of cash flows
Cash flows related to operating activities
Current quarter
$A’000
Year to date
(9 months)
$A’000
1.1 Receipts from product sales and related debtors
8 24
1.2 Payments for (a) exploration & evaluation
(b) development
(c) production
(d) administration
(233)
-
-
(330)
(334)
-
-
(553)
1.3 Dividends received - -
1.4 Interest and other items of a similar nature
received
20 89
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Other (provide details if material) 39 39
Net Operating Cash Flows (496) (735)
Cash flows related to investing activities
1.8 Payment for purchases of: (a) prospects
(b) equity investments
(c) other fixed assets
-
-
(8)
-
-
(8)
1.9 Proceeds from sale of: (a) prospects
(b) equity investments
(c) other fixed assets
-
-
10
-
30
10
1.10 Loans to other entities (2,279) (2,279)
1.11 Loans repaid by other entities - -
1.12 Other (provide details if material) - -
Net investing cash flows (2,277) (2,247)
1.13 Total operating and investing cash flows
(carried forward) (2,773) (2,982)
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Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
Appendix 5B Page 2 17/12/2010
1.13 Total operating and investing cash flows
(brought forward) (2,773) (2,982)
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, etc. 597 1,097
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 (provide details if material) - -
Net financing cash flows 597 1,097
Net increase (decrease) in cash held
(2,176) (1,885)
1.20 Cash at beginning of quarter/year to date 3,093 2,802
1.21 Exchange rate adjustments to item 1.20 - -
1.22 Cash at end of quarter 917 917
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 1.2 209
1.24
Aggregate amount of loans to the parties included in item 1.10 2,279
1.25
Explanation necessary for an understanding of the transactions
Item 1.23 includes aggregate amounts paid to directors including salary, directors’ fees, consulting
fees, superannuation and geological consulting services.
Item 1.24 represents loan funds advanced to a company classified as an associate.
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
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
Financing facilities available Add notes as necessary for an understanding of the position.
Amount available
$A’000
Amount used
$A’000
3.1 Loan facilities
Nil Nil
3.2 Credit standby arrangements
Nil Nil
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Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
17/12/2010 Appendix 5B Page 3
Estimated cash outflows for next quarter $A’000
4.1 Exploration and evaluation
150
4.2 Development
-
4.3 Production
-
4.4 Administration
200
Total
350
Reconciliation of cash
Reconciliation of cash at the end of the quarter (as
shown in the consolidated statement of cash flows) to
the related items in the accounts is as follows.
Current quarter
$A’000
Previous quarter
$A’000
5.1 Cash on hand and at bank 917 779
5.2 Deposits at call - 2,314
5.3 Bank overdraft - -
5.4 Other (provide details) - -
Total: cash at end of quarter (item 1.22) 917 3,093
Changes in interests in mining tenements Tenement
reference
Nature of interest
(note (2))
Interest at
beginning
of quarter
Interest at
end of
quarter
6.1 Interests in mining
tenements relinquished,
reduced or lapsed
E15/0883
E51/0900
E51/1300
E51/1472
E51/1473
P51/2596
P51/2616
P51/2645
P51/2648
E27/0434
M27/0457
M27/0460
P27/1750
P27/1751
JV 51%
51%
51%
51%
51%
51%
51%
51%
51%
30.3%
30.3%
30.3%
30.3%
30.3%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
6.2 Interests in mining
tenements acquired or
increased
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Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
Appendix 5B Page 4 17/12/2010
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
security (see note 3)
(cents)
Amount paid up per
security (see note 3)
(cents)
7.1 Preference +securities (description)
7.2 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through returns of
capital, buy-
backs,
redemptions
7.3 +Ordinary
securities
34,643,856
19,894,892
34,643,856
-
Fully paid
6 cents
Fully paid
3 cents
7.4 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through returns of
capital, buy-backs
1,000
19,894,892
1,000
-
Fully paid
6 cents
Fully paid
3 cents
7.5 +Convertible
debt securities
(description)
7.6 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through securities
matured,
converted
7.7 Options (description and
conversion factor)
841,148
82,736
-
-
Exercise price
$0.5874
$0.4266
Expiry date
22 December 2014
21 December 2015
7.8 Issued during
quarter
7.9 Exercised during
quarter
7.10 Expired during
quarter
4,596,435 - $1.0878 27 February 2013
7.11 Debentures
(totals only)
7.12 Unsecured notes (totals only)
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Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
17/12/2010 Appendix 5B Page 5
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 /does not* (delete one) give a true and fair view of the matters
disclosed.
Sign here: Date: 30 April 2013
(Company secretary)
Print name: Dennis Wilkins
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.
== == == == ==
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