Celsius Resources Limited — 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

Name of entity
Celsius Coal Limited
ABN 95 009 162 949	Quarter ended (“current quarter”)
95 009 162 949	31 December 2012

Consolidated statement of cash flows

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 Net Operating Cash Flows	Current quarter $A’000	Year to date (6 months) $A’000
	(1,596) (558) 9	(4,036) (928) 34
	(2,145)	(4,930)
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 receipts from investments accounted for using the equity method) Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)	(251)	(283) 320
	(251)	37
	(2,396)	(4,893)

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

1.13 Total operating and investing cash flows (brought forward)	(2,396)	(4,893)
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1.15 Funds held in trust for Tranche 2 share issue 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other (Costs for share issue) Net financing cash flows	1,999 (193)	4,000 (258)
	1,806	3,742
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	(590) 1,930	(1,151) 2,491
	1,340	1,340

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 $A'000
		119
1.25	Explanation necessaryfor an understandingof the transactions
	Directors Fees: 109 Related Entity Professional Consulting Fees: 10

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.

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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’000	Amount used $A’000

Estimated cash outflows for next quarter

4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration	$A’000
	800
	-
	-
	275
Total	1,075

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 $A’000	Previous quarter $A’000
5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (Mincor JV Retention Account)	1,340	1,930
	-	-
	-	-
	-	-
Total: cash at end of quarter(item 1.22)	1,340	1,930

Changes in interests in mining tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased	Tenement reference	Nature of interest (note (2))	Interest at beginning ofquarter	Interest at end of quarter

• See chapter 19 for defined terms.

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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 withprices and dates.	interest and any redemption or conversion rights together withprices and dates.	interest and any redemption or conversion rights together withprices and dates.	interest and any redemption or conversion rights together withprices 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	1,731,953,670	1,731,953,670		Fully Paid
	(a) 605,000,000	(a) 605,000,000	$0.02	Fully Paid
7.5 Performance securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted	As listed below under 7.6.		Nil	Refer below 7.6
	(a) 200,000,000 Performance A (a) 200,000,000 Performance B (a) 200,000,000 Performance C (a) 150,000,000 Performance D (a) 150,000,000 Performance E		Nil Nil Nil Nil Nil	N/A Refer to Terms and Conditions of Performance Shares as detailed with lodgement of ASX Appendix 3B on 25/10/2012
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter	170,000,000 30,000,000		Exercise price $0.01 $0.02	Expiry date 31/03/2014 31/10/2014
	30,000,000		$0.02	31/10/2014
7.11 Debentures (totals only)
7.12 Unsecured notes(totals only)

• See chapter 19 for defined terms.

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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 /does not* (delete one) give a true and fair view of the matters disclosed.

Sign here:

==> picture [116 x 44] intentionally omitted <==

Date: 31 January 2013

(Company secretary)

Print name: Ranko Matic

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.

== == == == ==

• See chapter 19 for defined terms.

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