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ACROW LIMITED — Interim / Quarterly Report 2012
Apr 29, 2012
64288_rns_2012-04-29_a661a748-eca7-44bb-ba1f-691eb5143f75.pdf
Interim / Quarterly Report
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April 30, 2012
March 2012 Quarter Activities Report
First Gold Pour Marks Pivotal Quarter for Noble
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First gold poured on 29[th] March 2012 after only 7 weeks of wet commissioning of the refurbished 3Mtpa processing plant
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Significant drill results from outside current resource-reserve area to underpin resource upgrade scheduled for June Quarter
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$10M raised through share placement
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Management restructure in operational and corporate areas
Noble Mineral Resources (ASX: NMG) is pleased to report that a successful March Quarter has seen the Company continue with the commissioning procedure of the refurbished and upgraded 3Mtpa Bibiani processing plant and pour its first gold.
Processing Plant and First Gold Pour
Noble initiated commissioning the processing plant on 11[th] January 2012 with equipment testing. Wet commissioning commenced on 10[th] February 2012 with first ore into the mill utilising historic tailings levee material that had been stockpiled on the RunOf-Mine (ROM) pad.
Commissioning progressed well with significantly improving run time and recoveries consistent with budgeted projections, both of which are expected to improve further with steady-state production and higher than forecast gold head grade consistently
First gold pour
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
Email [email protected] Web www.nobleminres.com.au
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over 1.0 g/t versus the budget of 0.7 g/t. The first gold was poured with the wet commissioning of the gold room on 29[th] March 2012. This represented a significant milestone in the refurbishment and enhancement of the plant.
A new dry-screening plant was incorporated at the front end of the Contingency Production (CP) plant during the quarter to enhance mill throughput and reduce stoppages due to ingress of timber and rock material in the historic levee feed material. The refurbishment of the SAG mill, reclaim feeder and the installation of recycle conveyors CV04 and CV05 are all nearing completion.
Mining
The mining fleet has been operating 24 hours a day for most of the quarter with the primary focus on pre-stripping at Strauss and Aheman pits and reclaiming levee material. The mining rate has been increasing, especially at Strauss pit, and also with the movement of the levee material as more equipment was mobilised. The gold head grades of this levee material have been higher than budget, averaging over 1.0 g/t compared to the expected 0.7 g/t.
Mining at Strauss
Noble mobilised additional mining equipment during the quarter with the arrival of eight Komatsu 785-5 trucks, a Cat D9R Dozer and a Cat 16G grader all working to ramp up the mining production. In addition, Noble has acquired additional five Komatsu HM400 articulated trucks and a Komatsu
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
Email [email protected] Web www.nobleminres.com.au
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PC450LC excavator. This equipment is primarily for use on the movement of levee material and the Tailings Storage Facility (TSF) uplift.
| Mining Production for the MarchQuarter 2012 | Mining Production for the MarchQuarter 2012 | Mining Production for the MarchQuarter 2012 |
|---|---|---|
| ORE MINED | TONNES | GRADE |
| Oxide ore | 33,161 | 0.84 |
| Tails | 59,278 | 1.00 |
| Total Ore | 92,439 | 0.95 |
| Waste Mined | 773,729 | - |
| TOTAL MINED | 866,168 | - |
Geology
Exploration and Infill Drilling continued to return excellent assay results. As a majority of these highly significant results come from areas outside the existing 2.26 million-ounce resource at Bibiani, they will help underpin a resource and reserve upgrade which is scheduled for the June Quarter.
Drilling results during the quarter include:
2m @ 55.03 g/t from 13m including 1m at 99.92 g/t 3m @ 18.44 g/t from 205m including 1m @ 37.64 g/t 1m @ 22.51 g/t from 10m 4m @ 8.09 g/t from 43m including 2m @ 14.5 g/t 4m @ 12.05 g/t from 76 Elizabeth 7m @ 13.33 g/t from 138m Big Mug including 2m at 36.47 g/t 17m @ 8.21 g/t from 80m Big Mug including 2m @ 52.49 g/t 6m @ 11.15 g/t from 35m Walsh including 1m @ 37.62 g/t 9m @ 4.97 g/t from 74m South Hill including 2m @ 16.82 g/t
West Wall of Main Pit
East Wall of Main Pit Walsh-Strauss Gap Walsh-Strauss Gap
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
Email [email protected] Web www.nobleminres.com.au
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Walsh, Strauss and Gap
Drilling in the Walsh and Strauss satellite pits as well as the Gap in between the pits concentrated on grade control drilling to allow the mine planning to be finalised. There has also been additional resource definition drilling at Strauss and extensional drilling at the Gap. As a result of the grade control drilling at Walsh and Strauss, the re-optimisation has resulted in a 12 per cent increase in ore tonnage at Walsh and 25 per cent at Strauss.
A number of high-grade intersections have been returned from the Walsh-Gap-Strauss drilling, including excellent grades from much shallower depths than previously encountered. The Gap is now fulfilling Noble’s expectation that it will make a significant contribution to the overall resource potential as there are indications that it will almost certainly be a part of the Strauss pit but is displaced laterally to the east of the Walsh pit.
Drilling at Strauss
Aheman – Grasshopper
Drilling has also continued at the Aheman and Grasshopper pits with recent emphasis on the Aheman-Grasshopper Gap to investigate the continuity of the trend and to plan for future infill drilling. Some near-surface sub-parallel mineralised oxide trends were intercepted averaging up to 5m wide with grades up to 2.3 g/t. It is apparent from the initial structural interpretation that the
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
Email [email protected] Web www.nobleminres.com.au
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mineralised corridor between these two prospects might have been laterally displaced by the valley in between which could be the trace of the causative fault.
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Aheman Section – 7828N
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Grasshopper Section – 8762N
Main Pit West Wall
During the March Quarter, the drilling at the Main Pit West Wall focused on areas previously classified as waste. The numerous consistent hits and higher-grade intersections support a model which suggests this previously unknown mineralisation may be developed as ore blocks. This discovery has the potential to change the economics of the previously planned cutback of waste on the West Wall.
Exploratory drilling in the West Wall area has intersected the metavolcanic (mafic) and sedimentary domain contact with minor porphyry intrusions through the contacts. This observation is geologically significant as such structural contacts form one of the main depositional zones for gold in the broader Birimian system throughout the whole of West Africa. Initial assays from drill intersections in this structure indicate a new area to be targeted for economic mineralisation in a zone parallel and relatively adjacent to the Main Pit.
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
Email [email protected] Web www.nobleminres.com.au
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South Hill and Big Mug
During the quarter resource definition drilling continued at South Hill, which is the continuation of the Bibiani Main pit to the south, and at Big Mug, which lies to the north of the Main pit. It is anticipated that once this drilling is completed, the results will contribute significantly to the planned resource-reserve upgrade.
Elizabeth
Exploratory drilling at the recently defined Elizabeth prospect has produced some encouraging results. It is a shallow easterly-dipping ore body with an approximate 300m strike length. Resource potential for shallow oxide mineralisation is still open and further drilling is planned to investigate the strike extensions of this find. The Elizabeth prospect is outside the current resource-reserve area and therefore provides further potential to add to the planned resource upgrade.
Management Restructure
Mr Roger Bannister has been appointed the Executive Manager Operations based at Bibiani. Roger brings a wealth of operational knowledge and management expertise in mining to Noble, having worked in the mining industry for over 30 years, the last 2½ years in Ghana. He has developed significant local experience in that time which will prove invaluable for Noble in the drive to full commercial production.
Subsequent to the March Quarter, Peter Johnston resigned as Chief Operating Officer effective immediately. Roger Bannister will now assume all responsibilities for the Bibiani Project with the immediate focus being on the current commissioning of the refurbished and upgraded Bibiani Processing Facility and the ramp up of mining operations.
Also after the end of the quarter, the Chief Financial Officer, David Leavy, resigned. The recruitment of a replacement CFO is well advanced with the Company’s Financial Controller, Patrick Conway, fulfilling the duties of the CFO while the recruitment process is finalised.
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
Email [email protected] Web www.nobleminres.com.au
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Share Placement and Share Purchase Plan (SPP)
On 20[th] February 2012, Noble completed a $10 million capital raising through the placement of 21m shares at $0.48 to institutional and sophisticated investor clients of Azure Capital, Morgan Stanley Smith Barney and BBY.
Noble also announced a Share Purchase Plan (SPP) for eligible shareholders to purchase up to $15,000 worth of NMG shares at $0.48 each. The SPP closed on 22[nd] March 2012, raising $744,000 from 1,550,000 new shares allotted to 87 participating shareholders.
The proceeds from the placement and SPP will fund the final commissioning of the 3Mtpa Bibiani processing plant, development of the satellite pits in close proximity to the plant, continued drilling to identify satellite resources and general working capital requirements.
Subsequent to the end of the March Quarter, on 19[th] April 2012, Noble raised $20 million through a placement to institutional and sophisticated investor clients of BBY. The placement is structured in two tranches:
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(a) Tranche 1 – 39,117,061 Shares at an issue price of $0.345 per Share and 19,558,531 freeattaching Options exercisable at $0.48 expiring 1 May 2015 to $13,495,386; and
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(b) Tranche 2 – approximately 18.9 million Shares at an issue price of $0.345 per Share and approximately 9.4 million Options exercisable at $0.48 expiring 1 May 2015 to raise up to approximately $6.5 million.
The allotment of shares under Tranche 1 occurred on 24 April 2012. Tranche 2 is subject to shareholder approval. Noble will call a General Meeting of shareholders to secure approval for Tranche 2. The Notice of Meeting for the General Meeting will be mailed to shareholders once all statutory approvals have been received.
Outlook for June Quarter
Noble’s key targets for the June Quarter include
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An upgrade to the current 2.26Moz resource and 958,000oz reserve
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Wet commissioning of the entire processing plant proceeding to plan
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Steady increase in gold production from the commissioning process.
On 20[th] April 2012 Noble announced that it had poured 36kg of gold.
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
Email [email protected] Web www.nobleminres.com.au
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Authorised by:
Wayne Norris Managing Director
Competent Person’s Statement
The information in this announcement that relates to Exploration Results, Mineral Resource or Ore Reserves is based on information compiled by Mr Mark Laing (BE (Hons), Mining), who is a Corporate Member of the Australasian Institute of Mining and Metallurgy. Mr Laing is a full-time employee of Noble Mineral Resources Ltd, and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to 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’. Mr Laing consents to the inclusion in this report of the matters based on his information in the form and content in which it appears.
About Noble Mineral Resources Limited
Noble Mineral Resources Limited listed on the Australian Stock Exchange on 26th June 2008 with a focus on exploring for large-scale gold
deposits in the world-class Ashanti Gold Belt in Ghana, West Africa. In November 2009, the Company entered into an agreement for the acquisition of the Bibiani Gold Mine , a project located in the Sefwi-Bibiani Gold Belt in Ghana, host to over 30 Million Ounces of gold. On July 20th 2010 the final Share Transfer Form was executed to consummate the purchase.
Noble’s other primary gold concessions are Exploration Licences at Cape Three Points, Brotet and Tumentu, which cover some 141.3km² and all are located within the world-class Ashanti Gold Belt in south western Ghana. Ghana is the second largest gold producer in Africa and is the 10th largest gold producing nation in the world, with annual production of approximately 2.9 Million Ounces. Noble’s on-going focus will be to expand the drilling program at Bibiani to target new shallow resources near the Bibiani Mine and adjacent tenements while still progressing the Cape Three Points, Brotet and Tumentu concessions within the Southern extension of the Ashanti Gold Belt. Initial exploration at Cape Three Points will be targeted towards the Satin Mine Project and the Morrison Project , both of which lie in an area of historic underground gold exploration. Noble believes that there is significant potential for the delineation of additional high-grade gold mineralisation relating to the down-plunge and strike extension to these zones. When added to the potential now available at Bibiani it will place Noble in a strong position to achieve its goal in building Australia’s next major gold mining house.
The Company recognises the Bibiani , Cape Three Points, Brotet and Tumentu concessions are relatively under-explored, highly prospective projects and aims to rapidly redefine JORC-compliant resources for development.
ASX Code: NMG
www.nobleminres.com.au
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
Email [email protected] Web www.nobleminres.com.au
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Appendix 1a – March 2010 JORC Mineral Resource Estimate
| TONNAGE | GRADE | CONT'D GOLD | ||
| 0.5 g/t cut-off | ||||
| Tonnes | (Au g/t) | Ounces | ||
| Measured | 6,560,000 | 2.05 | 430,000 | |
| Indicated | 13,370,000 | 1.77 | 760,000 | |
| BIBIANI MAIN PIT | ||||
| Total M&I | 19,920,000 | 1.86 | 1,190,000 | |
| Inferred | 13,060,000 | 1.89 | 790,000 | |
| Total | 32,980,000 | 1.87 | 1,980,000 |
Global Mineral Resource Estimate based on a cut-off grade of 0.5g/t
Appendix 1b – November 2011 JORC Resource Estimate
| TONNAGE | GRADE | CONT'D GOLD | ||
| SATELLITE AREAS | 0.4 g/t cut-off | |||
| Tonnes | (Au g/t) | Ounces | ||
| Measured | - | 0.00 | - | |
| AHEMAN | Indicated | 607,500 | 0.73 | 14,300 |
| Inferred | - | 0.00 | - | |
| Measured | 1,748,000 | 1.68 | 94,400 | |
| WALSH-STRAUSS PRELIMINARY |
||||
| Indicated | 2,430,000 | 1.12 | 87,500 | |
| Inferred | 6,000 | 1.69 | 300 | |
| Measured | - | 0.00 | - | |
| GRASSHOPPER | Indicated | 433,200 | 1.25 | 17,400 |
| Inferred | 4,800 | 1.20 | 200 | |
| Measured | - | 0.00 | - | |
| OLD TAILINGS* | Indicated | 2,860,200 | 0.70 | 64,000 |
| Inferred | - | 0.00 | - | |
| Total | 8,089,700 | 1.07 | 278,100 |
Global Mineral Resource Estimate based on a cut-off grade of 0.4g/t * Cut-off grade 0.0g/t
TOTAL RESOURCES = 41.1Mt @ 1.71 g/t (2.26Moz)
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
Email [email protected] Web www.nobleminres.com.au
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Appendix 2 – Proved and Probable JORC Ore Reserves
| Bibiani Main Pit Proved and Probable Ore Reserves – June 2011 | Bibiani Main Pit Proved and Probable Ore Reserves – June 2011 | Bibiani Main Pit Proved and Probable Ore Reserves – June 2011 | Bibiani Main Pit Proved and Probable Ore Reserves – June 2011 | Bibiani Main Pit Proved and Probable Ore Reserves – June 2011 | Bibiani Main Pit Proved and Probable Ore Reserves – June 2011 | Bibiani Main Pit Proved and Probable Ore Reserves – June 2011 | Bibiani Main Pit Proved and Probable Ore Reserves – June 2011 | Bibiani Main Pit Proved and Probable Ore Reserves – June 2011 | Bibiani Main Pit Proved and Probable Ore Reserves – June 2011 | Bibiani Main Pit Proved and Probable Ore Reserves – June 2011 | Bibiani Main Pit Proved and Probable Ore Reserves – June 2011 | Bibiani Main Pit Proved and Probable Ore Reserves – June 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oxide | Fresh | Fill | Total | |||||||||
| Tonnes | Grade | Ounces | Tonnes | Grade | Ounces | Tonnes | Grade | Ounces | Tonnes | Grade | Ounces | |
| Kt | g/t | Kozs | Kt | g/t | Kozs | Kt | g/t | Kozs | Kt | g/t | Kozs | |
| Proved | ‐ | ‐ | ‐ | 5,020 | 2.17 | 349 | ‐ | ‐ | ‐ | 5,020 | 2.16 | 349 |
| Probable | 360 | 1.34 | 16 | 6,280 | 2.02 | 407 | 340 | 1.73 | 19 | 6,980 | 1.97 | 441 |
| Total | 360 | 1.34 | 16 | 11,300 | 2.08 | 756 | 340 | 1.73 | 19 | 12,000 | 2.05 | 790 |
| Derived from Measured and Indicated Mineral Resources using a cut‐off grade of 0.6g/t |
Walsh to Grasshopper Satellite Pits Proved and Probable JORC Ore Reserves
| Bibiani Walsh to Grasshopper Satellite Pits Proved and Probable Ore Reserves – October 2011 | Bibiani Walsh to Grasshopper Satellite Pits Proved and Probable Ore Reserves – October 2011 | Bibiani Walsh to Grasshopper Satellite Pits Proved and Probable Ore Reserves – October 2011 | Bibiani Walsh to Grasshopper Satellite Pits Proved and Probable Ore Reserves – October 2011 | Bibiani Walsh to Grasshopper Satellite Pits Proved and Probable Ore Reserves – October 2011 | Bibiani Walsh to Grasshopper Satellite Pits Proved and Probable Ore Reserves – October 2011 | Bibiani Walsh to Grasshopper Satellite Pits Proved and Probable Ore Reserves – October 2011 | Bibiani Walsh to Grasshopper Satellite Pits Proved and Probable Ore Reserves – October 2011 | Bibiani Walsh to Grasshopper Satellite Pits Proved and Probable Ore Reserves – October 2011 | Bibiani Walsh to Grasshopper Satellite Pits Proved and Probable Ore Reserves – October 2011 | Bibiani Walsh to Grasshopper Satellite Pits Proved and Probable Ore Reserves – October 2011 | Bibiani Walsh to Grasshopper Satellite Pits Proved and Probable Ore Reserves – October 2011 | Bibiani Walsh to Grasshopper Satellite Pits Proved and Probable Ore Reserves – October 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oxide | Transition | Sulphide | Total | |||||||||
| Tonnes | Grade | Ounces | Tonnes | Grade | Ounces | Tonnes | Grade | Ounces | Tonnes | Grade | Ounces | |
| Kt | g/t | Kozs | Kt | g/t | Kozs | Kt | g/t | Kozs | Kt | g/t | Kozs | |
| Proved | 181 | 1.30 | 8 | 132 | 1.70 | 7 | 753 | 2.22 | 54 | 1,065 | 2.00 | 69 |
| Probable | 448 | 1.39 | 20 | 172 | 1.71 | 9 | 102 | 2.05 | 7 | 722 | 1.56 | 36 |
| Total | 628 | 1.36 | 28 | 303 | 1.70 | 17 | 855 | 2.20 | 61 | 1,787 | 1.82 | 105 |
| Derived from Measured and Indicated Resources using a cut‐off grade of 0.5g/t |
Tailings Deposits Probable JORC Ore Reserves
| Bibiani Tailings Deposits Probable Ore Reserves – November 2011 | Bibiani Tailings Deposits Probable Ore Reserves – November 2011 | Bibiani Tailings Deposits Probable Ore Reserves – November 2011 | Bibiani Tailings Deposits Probable Ore Reserves – November 2011 |
|---|---|---|---|
| Deposit | Tonnes | Grade | Cont’d Gold |
| Kt | Au (g/t) | Kozs | |
| Dams 1 & 2 | 850 | 0.74 | 20 |
| Levees 6 & 7 | 2,030 | 0.65 | 43 |
| Total | 2,880 | 0.68 | 63 |
TOTAL RESERVES = 16.7Mt @ 1.79 g/t (958,000oz)
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
Email [email protected] Web www.nobleminres.com.au
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Appendix 3a – Table of previously released (23 Jan 2012) results received during the quarter
| Area | Interval | Aug/t | Hole | From | Including | Comments |
|---|---|---|---|---|---|---|
| Elizabeth | 4.0m | 12.05 | EL11_053 | 76 | Elizabeth | |
| Grasshopper | 8.0m | 1.42 | AMGR11_001 | 56 | Grasshopper South Extension | |
| Main Pit | 14.0m | 4.13 | MP11_014 | 174 | BigMug;Infill hole for Resource definition in BigMugmodel | |
| 13.0m | 2.73 | MP11_013 | 119 | 9m@ 3.8g/t | BigMug;Infill hole for Resource definition in BigMugmodel | |
| 8.0m | 1.02 | MP11_016 | 18 | BigMug;Infill hole for Resource definition in BigMugmodel | ||
| 4.0m | 12.00 | MP11_007A | 204 | Main Pit;Confirmingdowndipextension mineralisation at eastern wall | ||
| 4.0m | 3.66 | MP11_007A | 224 | Main Pit | ||
| 32.0m | 1.48 | MP10_023 | 16 | Mainpit;South Hill | ||
| 4.0m | 1.15 | MP10_015 | 4 | Main Pit,South Hill;Infill hole for Resource definition in BigMugmodel | ||
| 2.0m | 1.78 | MP10_018 | 10 | 1m@ 3.0g/t | Mainpit;South Hill | |
| Strauss | 11.0m | 1.88 | STGC_100 | 10 | 3m@ 4.30g/t | Straussgrade control |
| 5.0m | 1.29 | STGC_054 | 17 | Straussgrade control | ||
| 4.0m | 1.03 | STGC_056 | 15 | Straussgrade control | ||
| 4.0m | 1.34 | STGC_057 | 37 | Straussgrade control | ||
| 4.0m | 2.39 | STGC_064 | 27 | Straussgrade control | ||
| 4.0m | 3.91 | STGC_111 | 10 | Straussgrade control | ||
| 5.0m | 1.29 | STGC_054 | 17 | Straussgrade control | ||
| 3.0m | 1.26 | STGC_101 | 15 | Straussgrade control | ||
| 3.0m | 1.21 | STGC_098 | 34 | Straussgrade control | ||
| 3.0m | 2.50 | STGC_099 | 14 | 1m@ 5.97g/t | Straussgrade control | |
| Walsh | 20.0m | 3.79 | WAGC_033 | 36 | Walshgrade control | |
| 18.0m | 1.28 | WAGC_064 | 13 | Walshgrade control | ||
| 12.0m | 1.60 | WAGC_054 | 26 | Walshgrade control | ||
| 19.0m | 0.66 | WAGC_117 | 2 | 5m@ 1.01g/t | Walshgrade control | |
| 6.0m | 11.15 | WAGC_187 | 35 | [email protected]/t | Walshgrade control | |
| 6.0m | 4.12 | WAGC_001 | 38 | Walshgrade control | ||
| 6.0m | 2.4 | WAGC_029 | 46 | Walshgrade control | ||
| 6.0m | 4.12 | WAGC_001 | 38 | Walshgrade control | ||
| 6.0m | 2.40 | WAGC_029 | 46 | Walshgrade control | ||
| 4.0m | 9.73 | WAGC_022 | 19 | Walshgrade control | ||
| 4.0m | 1.15 | WAGC_047 | 2 | Walshgrade control | ||
| 4.0m | 1.32 | WAGC_063 | 35 | Walshgrade control |
All assays are bottle roll cyanide leach on a 1kg charge and do not include any fire assays of nonCyanide soluble residue. Analysis has been undertaken by Performance Laboratory at Bibiani and Intertek Laboratories Ltd at their Tarkwa laboratory.
Only results > 1.0g/t with a minimum 2m intercept have been reported or intercepts longer than 10m above 0.5g/t.
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
Email [email protected] Web www.nobleminres.com.au
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Appendix 3b – Table of previously released (23 Feb 2012) results received during the quarter: Significant Intersections
| Interval (m) |
Au (g/t) | Hole | From | ||
|---|---|---|---|---|---|
| Including | Comments | ||||
| Aheman-Grasshopper Gap | |||||
| 4 | 2.24 | AMGR12_018 | 104 | Composite confirming continuity | |
| 4 | 1.54 | AMGR12_045 | 136 | Composite confirming continuity | |
| Elizabeth | |||||
| 1 | 3.70 | EL11_025 | 30 | Infill drilling | |
| Main Pit - Big Mug | |||||
| 8 | 1.26 | BM12_010 | 136 | Resource Definition composite | |
| 8 | 1.98 | BM12_011 | 96 | 4m @ 3.53g/t | Resource Definition composite |
| 4 | 1.40 | BM12_011 | 132 | Resource Definition composite | |
| 8 | 1.08 | BM12_025 | 8 | Resource Definition composite | |
| 8 | 1.08 | BM12_025 | 8 | Resource Definition composite | |
| 20 | 1.24 | MP11_022 | 184 | 4m @ 2.20g/t | Resource Definition composite |
| 32 | 2.27 | MP11_023 | 184 | 4m @ 6.97g/t | Resource Definition composite |
| 4 | 1.02 | MP11_025 | 260 | Resource Definition composite | |
| Main Pit - South Hill | |||||
| 8 | 1.77 | MP10_037 | 192 | Composite | |
| Main Pit - West | Wall | ||||
| 4 | 5.23 | WW11_015 | 8 | Composite | |
| Strauss | |||||
| 4 | 1.77 | ST11_016 | 16 | Composite from Infill Resource Definition | |
| Strauss-Walsh Gap | |||||
| 5 | 7.93 | GPGC_437 | 15 | 1m @ 31.43g/t | Grade Control |
| 11 | 1.47 | GPGC_443 | 4 | 1m @ 9.49g/t | Grade Control |
| 5 | 2.19 | GPGC_444 | 21 | Grade Control | |
| 6 | 7.71 | GPGC_448 | 3 | 1m @ 40.48g/t | Grade Control |
| 6 | 1.27 | GPGC_448 | 29 | Grade Control | |
| 4 | 1.03 | GPGC_449 | 8 | Grade Control | |
| 4 | 8.09 | GPGC_463 | 43 | 2m @ 14.5g/t | Grade Control |
| 2 | 3.07 | GPGC_468 | 0 | Grade Control | |
| 1 | 22.51 | GPGC_483 | 10 | Grade Control | |
| 2 | 1.34 | GPGC_492 | 46 | Grade Control | |
| 1 | 5.60 | GPGC_495 | 37 | Grade Control | |
| 4 | 1.08 | GPGC_499 | 10 | Grade Control |
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
Email [email protected] Web www.nobleminres.com.au
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| Interval (m) |
Au (g/t) | Hole | From | ||
|---|---|---|---|---|---|
| Including | Comments | ||||
| 6 | 4.71 | GPGC_500 | 5 | 1m @ 11.03g/t | Grade Control |
| 6 | 1.78 | GPGC_519 | 26 | 1m @ 5.98g/t | Grade Control |
| 4 | 1.56 | GPGC_539 | 21 | 1m @ 3.42g/t | Grade Control |
| 2 | 1.20 | GPGC_539 | 7 | Grade Control | |
| 3 | 2.67 | GPGC_556 | 6 | Grade Control | |
| 2 | 3.51 | GPGC_573 | 29 | Grade Control | |
| 6 | 1.61 | GPGC_574 | 30 | Grade Control | |
| 6 | 1.30 | GPGC_576 | 8 | 1m @ 3.56g/t | Grade Control |
| 5 | 3.15 | GPGC_577 | 3 | 1m @ 4.51g/t | Grade Control |
| 7 | 1.41 | GPGC_577 | 31 | 1m @ 6.93g/t | Grade Control |
| 2 | 8.14 | GPGC_582 | 22 | 1m @ 11.45g/t | Grade Control |
| 2 | 2.23 | GPGC_584 | 17 | Grade Control | |
| 3 | 1.35 | GPGC_585 | 12 | Grade Control | |
| 9 | 1.26 | GPGC_586 | 9 | Grade Control | |
| 12 | 1.82 | GPGC_587 | 1 | 1m @ 6.03g/t | Grade Control |
| Walsh | |||||
| 5 | 1.03 | WAGC_242 | 9 | Grade Control | |
| 11 | 1.58 | WAGC_264 | 25 | Grade Control | |
| 4 | 1.44 | WAGC_268 | 5 | Grade Control | |
| 13 | 3.05 | WAGC_272 | 31 | 2m @ 14.9g/t | Grade Control |
| 6 | 3.00 | WAGC_273 | 23 | 1m @ 14.95g/t | Grade Control |
| 9 | 1.91 | WAGC_274 | 3 | Grade Control | |
| 11 | 2.34 | WAGC_275 | 0 | 1m @ 4.46g/t | Grade Control |
| 6 | 2.01 | WAGC_276 | 0 | 1m @ 4.19g/t | Grade Control |
| 4 | 2.95 | WAGC_290 | 2 | Grade Control | |
| 7 | 2.07 | WAGC_372 | 31 | Grade Control | |
| 6 | 2.07 | WAGC_373 | 29 | 1m @ 5.22g/t | Grade Control |
| 16 | 2.29 | WAGC_382 | 0 | 2m @ 12.0g/t | Grade Control |
| 4 | 2.05 | WAGC_383 | 31 | 1m @ 5.81g/t | Grade Control |
| 10 | 5.31 | WAGC_389 | 39 | 4m @ 10.30g/t | Grade Control |
| 4 | 1.04 | WAGC_399 | 1 | Grade Control |
All assays are bottle roll cyanide leach on a 1kg charge and do not include any fire assays of non-Cyanide soluble residue.
Analyses have been undertaken by Performance Laboratory at Bibiani, Intertek Mineral Services at their Tarkwa laboratory and ALS Minerals at their Kumasi laboratory.
Only results > 1.0g/t with a minimum 2m intercept or >3.0g/t for a single metre have been reported.
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
Email [email protected] Web www.nobleminres.com.au
13
==> picture [566 x 98] intentionally omitted <==
Appendix 3c – Table of previously released (23 Feb 2012) results received during the quarter: Summary of Re-split Intersections from Composites
| Interval (m) |
Au (g/t) | Hole | From | ||
|---|---|---|---|---|---|
| Including | Comments | ||||
| Elizabeth | |||||
| 2 | 1.97 | EL11_049 | 22 | Re-split from Elizabeth Infill drilling | |
| 2 | 1.17 | EL11_053 | 77 | Re-split from Elizabeth Infill drilling | |
| 2 | 1.33 | EL11_058 | 4 | Re-split from Elizabeth Infill drilling | |
| Main | Pit - Big Mug | ||||
| 7 | 13.33 | MP11_012 | 138 | 2m @ 36.47g/t | Re-split from Big Mug drilling |
| 13 | 2.73 | MP11_013 | 119 | 4m @ 4.02g/t | Re-split from Big Mug drilling |
| 13 | 2.28 | MP11_014 | 174 | 2m @ 6.17g/t | Re-split from Big Mug drilling |
| 8 | 1.52 | MP11_015 | 134 | Re-split from Big Mug drilling | |
| 5 | 1.29 | MP11_017 | 97 | Re-split from Big Mug drilling | |
| 2 | 1.03 | MP11_017 | 117 | Re-split from Big Mug drilling | |
| 7 | 1.00 | MP11_017 | 152 | Re-split from Big Mug drilling | |
| 8 | 1.01 | MP11_017 | 136 | Re-split from Big Mug drilling | |
| Main | Pit - South Hill | ||||
| 2 | 1.32 | MP10_012 | 90 | Re-split from South Hill Extensional drilling | |
| 4 | 1.08 | MP10_012 | 88 | Re-split from South Hill Extensional drilling | |
| 2 | 1.78 | MP10_018 | 10 | Re-split from South Hill Extensional drilling | |
| 4 | 1.12 | MP10_024 | 120 | Re-split from South Hill Extensional drilling | |
| 8 | 1.09 | MP10_024 | 148 | Re-split from South Hill Extensional drilling | |
| 9 | 2.53 | MP10_031 | 108 | 3m @ 5.84g/t | Re-split from South Hill Extensional drilling |
| 9 | 4.97 | MP10_032 | 74 | 2m @ 16.82g/t | Re-split from South Hill Extensional drilling |
| 6 | 2.01 | MP10_039 | 61 | Re-split from South Hill Extensional drilling | |
| 6 | 2.06 | MP11_020 | 68 | Re-split from South Hill Extensional drilling | |
| Main Pit - U/G | |||||
| 2 | 1.66 | MP10_010 | 131 | Re-split from Underground drilling | |
| 2 | 1.43 | MP10_010 | 166 | Re-split from Underground drilling | |
| 2 | 1.40 | MP10_010 | 154 | Re-split from Underground drilling | |
| 12 | 1.30 | MP10_010 | 139 | Re-split from Underground drilling | |
| Main Pit - West Wall | |||||
| 13 | 1.00 | MP10_063 | 130 | Re-split from Main Pit West Wall drilling | |
| 10 | 1.81 | MP10_072 | 103 | 1m @ 11.06g/t | Re-split from Main Pit West Wall drilling |
| 2 | 55.03 | MP10_149 | 13 | 1m @ 99.92g/t | Re-split from Main Pit West Wall drilling |
| 2 | 1.32 | MP10_156 | 14 | Re-split from Main Pit West Wall drilling |
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
Email [email protected] Web www.nobleminres.com.au
14
==> picture [566 x 98] intentionally omitted <==
| Interval (m) |
Au (g/t) | Hole | From | ||
|---|---|---|---|---|---|
| Including | Comments | ||||
| 21 | 2.46 | MP10_164 | 37 | Re-split from Main Pit West Wall drilling | |
| 2 | 1.52 | MP10_164 | 31 | Re-split from Main Pit West Wall drilling | |
| 24 | 2.98 | MP10_165 | 88 | 2m @ 11.39g/t | Re-split from Main Pit West Wall drilling |
| 10 | 2.36 | MP10_165 | 74 | Re-split from Main Pit West Wall drilling | |
| 7 | 1.11 | MP10_165 | 46 | Re-split from Main Pit West Wall drilling | |
| 10 | 1.26 | MP10_165 | 58 | Re-split from Main Pit West Wall drilling | |
| 2 | 1.33 | MP10_166 | 11 | Re-split from Main Pit West Wall drilling | |
| Strauss | |||||
| 2 | 1.17 | ST11_169 | 126 | Re-split from Strauss drilling | |
| 2 | 1.50 | ST11_170 | 36 | Re-split from Strauss drilling | |
| 7 | 3.21 | ST11_171 | 37 | 2m @ 8.13g/t | Re-split from Strauss drilling |
| 2 | 1.43 | ST11_171 | 27 | Re-split from Strauss drilling |
4m composites are taken for all resource definition holes. Composite assays received that are >0.18 Au g/t then have each metre individually assayed.
All assays are fire assays.
Analyses have been undertaken by Performance Laboratory at Bibiani, Intertek Mineral Services at their Tarkwa laboratory and ALS Minerals at their Kumasi laboratory.
Only results > 1.0g/t with a minimum 2m intercept have been reported.
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
Email [email protected] Web www.nobleminres.com.au
15
==> picture [566 x 98] intentionally omitted <==
Appendix 3d – Table of previously released (8 Mar 2012) results received during the quarter
| Interval (m) |
Au (g/t) |
||||
|---|---|---|---|---|---|
| Hole | From | Including | Comments | ||
| Walsh-Strauss Gap | |||||
| 4 | 1.02 | GPGC_613 | 29 | Grade Control Drilling | |
| 1 | 1.24 | 36 | Grade Control Drilling | ||
| 2 | 1.05 | GPGC_615 | 39 | Grade Control Drilling | |
| 5 | 1.14 | GPGC_611 | 42 | Grade Control Drilling | |
| 42 | 1m @ 3.22g/t | ||||
| 1 | 1.67 | GPGC_622 | 5 | Grade Control Drilling | |
| 1 | 3.74 | GPGC_629 | 24 | Grade Control Drilling | |
| 1 | 1.26 | GPGC_624 | 19 | Grade Control Drilling | |
| 2 | 1.17 | GPGC_640 | 5 | Grade Control Drilling | |
| 2 | 2.55 | GPGC_635 | 12 | Grade Control Drilling | |
| 1 | 4.82 | GPGC_625 | 11 | Grade Control Drilling | |
| 1 | 1.10 | GPGC_646 | 45 | Grade Control Drilling | |
| South Hill | |||||
| 6 | 2.14 | MP11_019 | 136 | Resource Definition Drilling | |
| 139 | 1m @3.68g/t | ||||
| 1 | 1.19 | MP10_037 | 181 | Resource Definition Drilling | |
| 1 | 1.19 | 181 | Resource Definition Drilling | ||
| Main pit - West Wall | |||||
| 1 | 1.15 | WW11_013 | 8 | Resource Definition Drilling | |
| 2 | 2.41 | WW11_015 | 10 | Resource Definition Drilling | |
| 3 | 18.44 | MP11_007A | 205 | Resource Definition Drilling | |
| 206 | 1m @ 37.64g/t | ||||
| Main Pit - East Wall | |||||
| 3 | 7.70 | 225 | Resource Definition Drilling | ||
| 227 | 1m @ 21.95g/t | ||||
| Big Mug | |||||
| 5 | 4.91 | MP11_022 | 189 | Resource Definition Drilling | |
| 192 | 1m @ 11.56g/t | ||||
| 8 | 1.95 | MP11_023 | 183 | Resource Definition Drilling | |
| 187 | 1m @ 7.46g/t | ||||
| 23 | 3.02 | 195 | Resource Definition Drilling | ||
| 210 | 2m @ 12.36g/t | ||||
| 195 | 1m @ 14.02g/t | ||||
| 2 | 1.66 | MP11_025 | 165 | Resource Definition Drilling |
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
Email [email protected] Web www.nobleminres.com.au
16
==> picture [566 x 98] intentionally omitted <==
| Interval (m) |
Au (g/t) |
||||
|---|---|---|---|---|---|
| Hole | From | Including | Comments | ||
| Big Mug | |||||
| 9 | 1.91 | MP11_011 | 187 | Resource Definition Drilling | |
| 189 | 2m @ 5.06g/t | ||||
| 4 | 3.58 | MP11_012 | 148 | Resource Definition Drilling | |
| 1 | 4.9 | 158 | Resource Definition Drilling | ||
| 1 | 1.09 | 177 | Resource Definition Drilling | ||
| 2 | 2.11 | MP11_024 | 116 | Resource Definition Drilling | |
| 8 | 1.94 | 144 | Resource Definition Drilling | ||
| 22 | 2.92 | MP11_004 | 121 | Resource Definition Drilling | |
| 123 | 2m @ 7.07g/t | ||||
| 6 | 1.24 | 154 | Resource Definition Drilling | ||
| 4 | 2.35 | MP11_003 | 95 | Resource Definition Drilling | |
| 27 | 1.89 | MP11_009 | 84 | Resource Definition Drilling | |
| 17 | 1.6 | 114 | Resource Definition Drilling | ||
| 1 | 2.58 | 134 | Resource Definition Drilling | ||
| 3 | 1.4 | 144 | Resource Definition Drilling | ||
| 3 | 3.25 | MP11_008 | 73 | Resource Definition Drilling | |
| 75 | 1m @ 6.76g/t | ||||
| 17 | 8.21 | 80 | Resource Definition Drilling | ||
| 80 | 1m @ 13.14g/t | ||||
| 86 | 2m @ 52.49g/t | ||||
| 1 | 1.33 | 103 | Resource Definition Drilling |
Only results > 1.0 g/t have been reported or intercepts longer than 10m above 0.5 g/t.
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
Email [email protected] Web www.nobleminres.com.au
17
==> picture [566 x 98] intentionally omitted <==
Appendix 3e – Tables of previously released (29 Mar 2012) results received during the quarter
The Walsh-Strauss Gap Grade Control Intercepts
| Depth From |
Grade (g/t) |
||||
|---|---|---|---|---|---|
| Hole ID | Length(m) | Including | Comments | ||
| GPGC_702 | 36 | 1 | 36.71 | Walsh-Strauss Gap Grade Control Drilling | |
| GPGC_707 | 29 | 1 | 10.71 | Walsh-Strauss Gap Grade Control Drilling | |
| GPGC_665 | 21 | 2 | 2.87 | Walsh-Strauss Gap Grade Control Drilling | |
| GPGC_713 | 37 | 6 | 2.48 | Walsh-Strauss Gap Grade Control Drilling | |
| 38 | 1m @ 5.98g/t | ||||
| GPGC_706 | 30 | 1 | 2.26 | Walsh-Strauss Gap Grade Control Drilling | |
| GPGC_708 | 40 | 2 | 2.19 | Walsh-Strauss Gap Grade Control Drilling | |
| GPGC_719 | 30 | 1 | 2.1 | Walsh-Strauss Gap Grade Control Drilling | |
| GPGC_721 | 15 | 1 | 1.91 | Walsh-Strauss Gap Grade Control Drilling | |
| GPGC_716 | 15 | 1 | 1.85 | Walsh-Strauss Gap Grade Control Drilling | |
| GPGC_694 | 17 | 3 | 1.66 | Walsh-Strauss Gap Grade Control Drilling | |
| 17 | 1m @ 4.21g/t | ||||
| GPGC_664 | 15 | 1 | 1.64 | Walsh-Strauss Gap Grade Control Drilling | |
| GPGC_712 | 8 | 1 | 1.32 | Walsh-Strauss Gap Grade Control Drilling | |
| GPGC_696 | 0 | 1 | 1.31 | Walsh-Strauss Gap Grade Control Drilling | |
| GPGC_722 | 31 | 3 | 1.18 | Walsh-Strauss Gap Grade Control Drilling | |
| GPGC_663 | 9 | 1 | 1.12 | Walsh-Strauss Gap Grade Control Drilling | |
| GPGC_717 | 31 | 1 | 1.11 | Walsh-Strauss Gap Grade Control Drilling | |
| GPGC_670 | 7 | 1 | 1.0 | Walsh-Strauss Gap Grade Control Drilling | |
| GPGC_729 | 1 | 2 | 2.21 | Walsh-Strauss Gap Grade Control Drilling | |
| GPGC_905 | 20 | 1 | 2.40 | Walsh-Strauss Gap Grade Control Drilling | |
| GPGC_730 | 4 | 2 | 1.21 | Walsh-Strauss Gap Grade Control Drilling | |
| GPGC_731 | 16 | 4 | 1.22 | Walsh-Strauss Gap Grade Control Drilling |
Only results > 1.0 g/t have been reported or intercepts longer than 10m above 0.5 g/t.
Walsh Grade Control Intercepts
| Depth From |
Grade (g/t) |
||||
|---|---|---|---|---|---|
| Hole ID | Length(m) | Including | Comments | ||
| WAGC_383 | 4 | 2 | 1.62 | Walsh Grade Control Drilling | |
| WAGC_047 | 14 | 2 | 1.25 | Walsh Grade Control Drilling | |
| WAGC_051 | 11 | 25 | 0.57 | Walsh Grade Control Drilling | |
| 5 | 2 | 7.48 | Walsh Grade Control Drilling | ||
| 5 | 1m @ 12.68g/t | ||||
| WAGC_062 | 4 | 2 | 2.8 | Walsh Grade Control Drilling | |
| 5 | 1m @ 3.4g/t | ||||
| WAGC_063 | 23 | 3 | 1.06 | Walsh Grade Control Drilling | |
| WAGC_216 | 25 | 1 | 1.33 | Walsh Grade Control Drilling | |
| WAGC_180 | 29 | 1 | 1.34 | Walsh Grade Control Drilling |
Only results > 1.0 g/t have been reported or intercepts longer than 10m above 0.5 g/t.
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
Email [email protected] Web www.nobleminres.com.au
18
==> picture [566 x 98] intentionally omitted <==
Main Pit West Wall
| Depth From |
Grade (g/t) |
||||
|---|---|---|---|---|---|
| Hole ID | Length(m) | Including | Comments | ||
| WW11_013 | 8 | 1 | 1.15 | Resource Definition Drilling | |
| WW11_015 | 10 | 2 | 2.41 | Resource Definition Drilling | |
| MP11_007A | 205 | 3 | 18.44 | Resource Definition Drilling | |
| 206 | 1m @ 37.64g/t |
Only results > 1.0 g/t have been reported or intercepts longer than 10m above 0.5 g/t.
Elizabeth
| Depth From |
Grade (g/t) |
||||
|---|---|---|---|---|---|
| Hole ID | Length(m) | Including | Comments | ||
| EL11_025 | 30 | 1 | 3.70 | Infill Drilling | |
| EL11_028 | 15 | 5 | 1.98 | Infill Drilling | |
| 17 | 1m @ 6.95 g/t | ||||
| 24 | 7 | 4.30 | |||
| 26 | 1m @ 23.5 g/t | ||||
| EL11_049 | 22 | 2 | 1.97 | Re-split from Elizabeth Infill Drilling | |
| EL11_050 | 27 | 1 | 1.86 | Re-split from Elizabeth Infill Drilling | |
| EL11_053 | 77 | 2 | 1.17 | Re-split from Elizabeth Infill Drilling | |
| EL11_058 | 4 | 2 | 1.33 | Re-split from Elizabeth Infill Drilling |
Only results > 1.0 g/t have been reported or intercepts longer than 10m above 0.5 g/t.
Suite 3c, South Shore Centre 85 South Perth Esplanade South Perth, WA 6151
Telephone +61 (0)8 9474 6771 Facsimile +61 (0)8 9474 6772
Email [email protected] Web www.nobleminres.com.au
19
Appendix 5B Mining exploration entity quarterly report
Rule 5.3
Appendix 5B
Mining exploration entity quarterly report
Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001, 01/06/10, 17/12/10
| Name of entity | Name of entity | Name of entity | Name of entity | |
|---|---|---|---|---|
| NOBLE MINERAL RESOURCES LIMITED | ||||
| ABN 36 124 893 465 Consolidated statement of cash flows |
Quarter ended (“current quarter”) | |||
| 31 March 2012 | ||||
| Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for (a) exploration and evaluation (b) development (c) production (d) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other Net Operating Cash Flows |
Current quarter $US’000 |
Year to date (9 months) $US’000 |
||
| - (2,221) (7,233) - (2,711) - 21 (11) - 95 |
- (8,414) (43,873) - (9,109) - 266 (25) - 334 |
|||
| (12,060) | (60,821) | |||
| Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets 1.10 Loans to other entities 1.11 Loans repaid by other entities 1.12 Other Net investing cash flows 1.13 Total operating and investing cash flows (carried forward) |
- - (817) - - - - - - |
- - (9,010) - - - - - - |
||
| (817) | (9,010) | |||
| (12,877) | (69,831) |
- See chapter 19 for defined terms.
17/12/2010 - Appendix 5B
Page 1
Appendix 5B Mining exploration entity quarterly report
| 1.13 Total operating and investing cash flows (brought forward) |
(12,877) | (69,831) |
|---|---|---|
| Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 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 |
13,430 - - (3,869) - - |
65,987 - - (4,111) - - |
| **9,561 ** | 61,876 | |
| Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end of quarter |
(3,316) 6,238 (114) |
(7,955) 9,378 1,385 |
| 2,808 | 2,808 |
Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities
| 1.23 1.24 |
Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10 |
Current quarter $US'000 |
|---|---|---|
| 233 | ||
| - | ||
| 1.25 Explanation necessaryfor an understandingof the transactions Directors’ remuneration 233 Non-cash financing and investing activities 2.1 Details of financing and investing transactions which have had a consolidated assets and liabilities but did not involve cash flows Nil 2.2 Details of outlays made by other entities to establish or increase their which the reportingentityhas an interest N/A |
Explanation necessaryfor an understandingof the transactions | |
| Directors’ remuneration 233 |
||
| material effect on | ||
| Nil | ||
| Details of outlays made by other entities to establish or increase their which the reportingentityhas an interest |
share in projects in | |
| N/A |
- See chapter 19 for defined terms.
17/12/2010 - Appendix 5B
Page 2
Appendix 5B Mining exploration entity quarterly report
Financing facilities available
Add notes as necessary for an understanding of the position.
| Financing facilities available Add notes as necessary for an understanding of the position. |
||
|---|---|---|
| 3.1 Loan facilities 3.2 Credit standby arrangements |
Amount available $US’000 |
Amount used $US’000 |
| 31,536 | 31,536 | |
| - | - |
Estimated cash outflows for next quarter
| 4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration |
$US’000 |
|---|---|
| (550) | |
| (17,281) | |
| - | |
| (3,036) | |
| Total | (20,867) |
Reconciliation of cash
| 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 $US’000 |
Previous quarter $US’000 |
| 5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (Debt Service Reserve) |
568 | 2,075 |
| 77 | 399 | |
| (1,342) | (117) | |
| 3,505 | 3,881 | |
| Total: cash at end of quarter(item 1.22) | 2,808 | 6,238 |
Changes in interests in mining tenements
| Tenement reference |
Nature of interest (note (2)) |
Interest at beginning of quarter |
Interest at end of quarter |
|---|---|---|---|
| - | - | - | - |
| - | - | - | - |
- See chapter 19 for defined terms.
17/12/2010 - Appendix 5B
Page 3
Appendix 5B Mining exploration entity quarterly report
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) |
Amount paid up per security (see note 3) |
|
|---|---|---|---|---|
| 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 7.4 Changes during quarter: (a) Increases through issues (b) Decreases through returns of capital, buy- backs |
552,170,653 | 552,170,653 | ||
22,550,000 1,000,000 5,308,083 |
22,550,000 1,000,000 5,308,083 |
A$0.48 A$0.40 A$0.35 |
A$0.48 A$0.40 A$0.35 |
|
| 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) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter |
69,018,521 6,000,000 4,250,000 20,629,230 5,000,000 |
69,018,521 - - - - |
Exercise price A$0.35 A$0.20 A$0.40 A$0.83 A$0.55 |
Exercise date 21 July 2013 8 July 2014 19 August 2014 30 November 2014 31 October 2015 |
| 5,308,083 1,000,000 |
5,308,083 1,000,000 |
A$0.35 A$0.40 |
21 July 2013 19August 2014 |
|
| - | - | |||
| 7.11 Debentures (totals only) |
- | - | ||
| 7.12 Unsecured notes (totals only) |
- | - |
- See chapter 19 for defined terms.
17/12/2010 - Appendix 5B
Page 4
Appendix 5B Mining exploration entity quarterly report
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: 30 April 2012 (Director)
Print name: Wayne Norris
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 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.
-
5 Accounting Standards ASX will accept, for example, the use of International Accounting 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.
- See chapter 19 for defined terms.
17/12/2010 - Appendix 5B
Page 5