AVIRA RESOURCES LTD — Interim / Quarterly Report 2013

Jan 30, 2013

Appendix
5B Mining
exploration
entity
quarterly
report

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

MGT
Resources
Limited
and
Its
Controlled
Entities

	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	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	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	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
	MGT Resources Limited and Its Controlled Entities
	ABN 38 131 715 645 Consolidated statement of cash flows		Quarter ended (“current quarter”) 31 December 2012
			31 December 2012
Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for (a) exploration & 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 (provide details if material) Net Operating Cash Flows		Current quarter 31/12/2012 $A		Year to date (6 months) $A
		(622,458) 26,031 (120,049) 260		(1,346,134) 60,615 (120,049) 1,580
		(716,216)		(1,403,988)
Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) exploration & evaluation (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 (provide details if material) Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)		(298,153) (6,318)		(549,784) (149,145)
		(304,471)		(698,929)
		(1,020,687)		(2,102,917)

• 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)	(1,020,687)	(2,102,917)
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	56,440	1,538,786 (21,932)
	56,440	1,516,854
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 ofquarter	(964,247) 3,564,026	(586,063) 3,185,842
	2,599,779	2,599,779

**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 31/12/2012 $A
		43,600
		N/A
1.25	Explanation necessaryfor an understandingof the transactions

**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

• See
  chapter
  19
  for
  defined
  terms. Appendix
  5B
  Page
  2

17/12/2010

Appendix
5B Mining
exploration
entity
quarterly
report

**Financing

facilities
available**

Add
notes
as
necessary
for
an
understanding
of
the
position.

3.1 Loan facilities 3.2 Credit standby arrangements	Amount available $A	Amount used $A
	N/A	N/A
	N/A	N/A

**Estimated

cash
outflows
for
next
quarter**

4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration	$A
	100,000
	50,000
	100,000
	750,000
Total	1,000,000

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 31/12/2012 $A	Previous quarter 30/9/2012 $A
5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (provide details)	2,599,779	3,564,026
Total: cash at end of quarter(item 1.22)	2,599,779	3,564,026

**Changes

in
interests
in
mining
tenements**

6.1 Interests in mining tenements relinquished, reduced or lapsed	Tenement reference	Nature of interest (note (2))	Interest at beginning ofquarter	Interest at end of quarter
	EPM12834	Renewal application made	100%	Renewal

• See
  chapter
  19
  for
  defined
  terms.

17/12/2010
Appendix
5B
Page
3

Appendix
5B Mining
exploration
entity
quarterly
report

6.2 Interests in mining tenements acquired or increased	N/A	N/A	N/A	N/A

• See
  chapter
  19
  for
  defined
  terms. Appendix
  5B
  Page
  4

17/12/2010

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 note3) (cents)	Amount paid up per security (see note3) (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 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs	288,157,040	Nil – pre quotation on ASX	Various	Various
	19,522,000	Nil – pre quotation on ASX	N/A per Note 3 below – all fully paid	N/A per Note 3 below – all fully paid
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted	1,500,000 1,500,000 See Note 6 below for more information.	Nil Nil	$0.15 $0.20	$1 $1
	N/A	N/A	N/A	N/A
7.7 Options (description and conversion factor)	3,000,000 8,400,000 2,000,000 250,000 300,000 2,250,000 1,200,000	Nil	Exercise price $0.10 $0.20 $0.0625 $0.25 $0.30 $0.30 $0.20	Expiry date 29 June 2013 29 June 2013 17 December 2013 14 June 2014 17 October 2014 25 November 2014 25November 2014

• See
  chapter
  19
  for
  defined
  terms.

17/12/2010
Appendix
5B
Page
5

Appendix
5B Mining
exploration
entity
quarterly
report

7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter	N/A	N/A	N/A	N/A
	N/A	N/A	N/A	N/A
	N/A	N/A	N/A	N/A
7.11 Debentures (totals only)	N/A	N/A
7.12 Unsecured notes(totals only)	N/A	N/A

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.

==> picture [213 x 86] intentionally omitted <==

----- Start of picture text -----

Sign
here:
----- End of picture text -----

Date:
31
January
2013 (Company
secretary)

Print
name: Alexander
Moody

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 .

• See
  chapter
  19
  for
  defined
  terms. Appendix
  5B
  Page
  6

17/12/2010

Appendix
5B Mining
exploration
entity
quarterly
report

• 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.

• 6 On
  11
  November
  2011
  the
  Company
  received
  an
  investment
  of
  $1,500,000
  in
  the form
  of
  convertible
  note
  from
  Armstrong
  Industries
  HK
  Ltd.
  The
  note
  is unsecured,
  has
  a
  term
  of
  two
  years,
  a
  coupon
  of
  8%
  per
  annum,
  and
  is convertible
  at
  15
  cents
  per
  share.

On
4
May
2012
the
Company
received
a
further
$1,500,000
investment
from Armstrong
Industries
HK
Ltd
in
the
form
of
another
convertible
note.
This
note is
also
unsecured,
has
a
term
of
three
years
and
a
coupon
of
8%
per
annum,
and is
convertible
at
20
cents
per
share.

There
have
been
no
additional
convertible
notes
issued
during
the
Quarter
to 31/12/2012.

==
==
==
==
==

• See
  chapter
  19
  for
  defined
  terms.

17/12/2010
Appendix
5B
Page
7