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CENTAURUS METALS LIMITED — Interim / Quarterly Report 2010
Apr 28, 2010
64715_rns_2010-04-28_b2b091b2-ec97-4001-b2f7-753c39e063f6.pdf
Interim / Quarterly Report
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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.
Name of entity
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CENTAURUS METALS LIMITED (formerly Glengarry Resources Limited)
ABN Quarter ended (“current quarter”)
40 009 468 099 31 March 2010
Consolidated statement of cash flows
Current quarter Year to date
Cash flows related to operating activities $A’000 (9 months)
$A’000
1.1 Receipts from product sales and related debtors - -
1.2 Payments for
(a) exploration, evaluation and project generation (487) (1,115)
(b) development - -
(c) production - -
(d) administration (534) (1,129)
(e) merger and acquisition expenses (756) (756)
1.3 Dividends received - -
1.4 Interest and other items of a similar nature 46 246
received
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Other - -
Net Operating Cash Flows (1,731) (2,754)
Cash flows related to investing activities
1.8 Payment for purchases of:
(a) prospects - -
(b) equity investments - -
(c) cash acquired on acquisition of subsidiary 505 505
(d) other fixed assets (225) (225)
1.9 Proceeds from sale of:
(a) prospects - -
(b) equity investments - -
(c) other fixed assets 13 27
1.10 Loans to other entities - -
1.11 Loans repaid by other entities - -
1.12 Other – security deposit refunds/(payments) (165) (157)
Net investing cash flows 128 150
1.13 Total operating and investing cash flows
(carried forward) (1,603) (2,604)
----- End of picture text -----
- See chapter 19 for defined terms.
30/9/2001
Appendix 5B Page 1
Appendix 5B Mining exploration entity quarterly report
| 1.13 Total operating and investing cash flows (brought forward) |
(1,603) | (2,604) |
|---|---|---|
| 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 – share issue costs Net financing cash flows |
- - - - - - |
- - - - - - |
| - | - | |
| 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 |
(1,603) 8,673 - |
(2,604) 9,674 - |
| 7,070 | 7,070 |
Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities
| Payments to related entities of the entity and associates of entities |
the related |
|---|---|
| 1.23 Aggregate amount of payments to the parties included in item 1.2 1.24 Aggregate amount of loans to the parties included in item 1.10 |
Current quarter $A'000 |
| 193 | |
| - |
- 1.25 Explanation necessary for an understanding of the transactions
| Executive Directors Salaries Non-Executive Directors Fees Other Payments to Director Related Entities |
126 51 16 |
|---|---|
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
During the March quarter the Company completed the acquisition of Centaurus Resources Limited.
- 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
None.
- See chapter 19 for defined terms.
30/9/2001
Appendix 5B Page 2
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 |
|---|---|---|
| Nil | Nil | |
| Nil | Nil |
Estimated cash outflows for next quarter
| Estimated cash outflows for next quarter | |
|---|---|
| 4.1 Exploration, evaluation and project generation 4.2 Development |
$A’000 |
| 2,500 | |
| - | |
| Total | 2,500 |
Reconciliation of cash
| Reconciliation of cash | ||
|---|---|---|
| Reconciliation of cash at the end of the quarter (as | Current quarter | Previous quarter |
| shown in the consolidated statement of cash flows) to | $A’000 | $A’000 |
| the related items in the accounts is as follows. | ||
| 5.1 Cash on hand and at bank |
45 | 34 |
| 5.2 Deposits at call |
7,025 | 8,639 |
| 5.3 Bank overdraft |
- | - |
| 5.4 Other (provide details) |
- | - |
| Total: cash at end of quarter(item 1.22) | 7,070 | 8,673 |
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 |
|---|---|---|---|---|
| EPM 16117 – Percyvale 50% mandatory reduction in area size |
Owner | 100% | 100% | |
| 831.414/2008 - Itambe 834.435/2008 - Itamarandiba 834.440/2008 - Itamarandiba Refer to Schedule 1 for tenements acquired from the takeover of Centaurus Resources Ltd |
Owner Owner Owner |
- - - |
100% 100% 100% |
- See chapter 19 for defined terms.
30/9/2001
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) (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 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs |
604,398,639 | 604,398,639 | ||
| 318,394,961 | 318,394,961 | Shares issued pursuant to takeover of Centaurus Resources Limited. |
||
| 7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted |
||||
- See chapter 19 for defined terms.
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Appendix 5B Mining exploration entity quarterly report
| 7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter |
Total number 1,200,000 12,000,000 3,519,392 250,000 500,000 30,000,000 500,000 500,000 500,000 16,000,000 50,000 50,000 100,000 250,000 250,000 500,000 2,400,000 4,520,000 4,000,000 1,000,000 2,825,000 3,325,000 1,150,000 16,000,000 101,389,392 |
Number quoted - - - - - - - - - - - - - - - - - - - - - - - - |
Exercise price 22.0 cents 12.5 cents 12.5 cents 11.5 cents 13.5 cents 3.125 cents 20.5 cents 24.5 cents 28.5 cents 10.0 cents 12.5 cents 15.0 cents 17.5 cents 10.0 cents 12.0 cents 14.0 cents 8.0 cents 15.0 cents 7.0 cents 5.0 cents 7.5 cents 10.0 cents 12.0 cents 7.0 cents |
Expiry date 31 December 2010 27 November 2011 6 January 2012 19 March 2012 19 March 2012 4 August 2012 20 November 2012 20 November 2012 20 November 2012 14 February 2013 29 August 2013 29 August 2013 29 August 2013 15 December 2013 15 December 2013 15 December 2013 31 December 2013 31 December 2013 30 June 2014 17 July 2014 17 July 2014 17 July 2014 17 July 2014 31 October 2014 |
|||
|---|---|---|---|---|---|---|---|
| 89,639,392 | - | Options issued pursuant to takeover of Centaurus Resources Limited. |
|||||
| - | - | ||||||
| 100,000 | - | ||||||
| 7.11 Debentures (totals only) |
|||||||
| 7.12 Unsecured notes(totals only) |
- See chapter 19 for defined terms.
30/9/2001
Appendix 5B Page 5
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 4).
-
2 This statement does give a true and fair view of the matters disclosed.
Sign here: Date: 29 April 2010 (Company Secretary)
Print name: Geoff James
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.
30/9/2001
Appendix 5B Page 6
Appendix 5B Mining exploration entity quarterly report
Schedule 1
Tenements acquired from takeover of Centaurus Resources Limited – all tenements are 100% owned
Australian Tenements
| Tenement | Project Name | Location |
|---|---|---|
| EL6910 | The Dish | NSW - Australia |
Brazilian Tenements
| Tenement | Project Name | Location |
|---|---|---|
| 832.316/2005 | Itambe | Minas Gerais - Brazil |
| 831.409/2008 | Itambe | Minas Gerais - Brazil |
| 831.410/2008 | Itambe | Minas Gerais - Brazil |
| 831.411/2008 | Itambe | Minas Gerais - Brazil |
| 831.412/2008 | Itambe | Minas Gerais - Brazil |
| 831.413/2008 | Itambe | Minas Gerais - Brazil |
| 832.335/2008 | Itambe | Minas Gerais - Brazil |
| 831.645/2006 | Passabem | Minas Gerais - Brazil |
| 830.588/2008 | Passabem | Minas Gerais - Brazil |
| 830.986/2006 | Ponte de Pedra | Minas Gerais - Brazil |
| 831.056/2007 | Ponte de Pedra | Minas Gerais - Brazil |
| 832.303/2008 | Ponte de Pedra | Minas Gerais - Brazil |
| 832.304/2008 | Ponte de Pedra | Minas Gerais - Brazil |
| 832.305/2008 | Ponte de Pedra | Minas Gerais - Brazil |
| 832.476/2008 | Ponte de Pedra | Minas Gerais - Brazil |
| 832.589/2008 | Ponte de Pedra | Minas Gerais - Brazil |
| 832.590/2008 | Ponte de Pedra | Minas Gerais - Brazil |
| 832.591/2008 | Ponte de Pedra | Minas Gerais - Brazil |
| 832.592/2008 | Ponte de Pedra | Minas Gerais - Brazil |
| 832.593/2008 | Ponte de Pedra | Minas Gerais - Brazil |
| 832.601/2008 | Ponte de Pedra | Minas Gerais - Brazil |
| 833.998/2008 | Guanhaes | Minas Gerais - Brazil |
| 833.999/2008 | Guanhaes | Minas Gerais - Brazil |
| 834.000/2008 | Guanhaes | Minas Gerais - Brazil |
| 834.001/2008 | Guanhaes | Minas Gerais - Brazil |
| 834.002/2008 | Guanhaes | Minas Gerais - Brazil |
| 834.003/2008 | Guanhaes | Minas Gerais - Brazil |
| 834.004/2008 | Guanhaes | Minas Gerais - Brazil |
| 834.378/2008 | Itamarandiba | Minas Gerais - Brazil |
| 834.379/2008 | Itamarandiba | Minas Gerais - Brazil |
| 834.380/2008 | Itamarandiba | Minas Gerais - Brazil |
| 834.381/2008 | Itamarandiba | Minas Gerais - Brazil |
| 834.382/2008 | Itamarandiba | Minas Gerais - Brazil |
| 834.383/2008 | Itamarandiba | Minas Gerais - Brazil |
| 834.384/2008 | Itamarandiba | Minas Gerais - Brazil |
| 834.436/2008 | Itamarandiba | Minas Gerais - Brazil |
| 834.437/2008 | Itamarandiba | Minas Gerais - Brazil |
| 834.438/2008 | Itamarandiba | Minas Gerais - Brazil |
| 834.439/2008 | Itamarandiba | Minas Gerais - Brazil |
| 834.794/2007 | Rio Pardo | Minas Gerais - Brazil |
| 834.795/2007 | Rio Pardo | Minas Gerais - Brazil |
| 834.796/2007 | Rio Pardo | Minas Gerais - Brazil |
- See chapter 19 for defined terms.
30/9/2001
Appendix 5B Page 7
Appendix 5B Mining exploration entity quarterly report
Schedule 1 (cont’d)
Tenements acquired from takeover of Centaurus Resources Limited
Brazilian Tenements (cont’d)
| Tenement | Project Name | Location |
|---|---|---|
| 832.465/2008 | Serra do Bicho | Minas Gerais - Brazil |
| 832.468/2008 | Serra do Bicho | Minas Gerais - Brazil |
| 832.469/2008 | Serra do Bicho | Minas Gerais - Brazil |
| 832.470/2008 | Serra do Bicho | Minas Gerais - Brazil |
| 832.472/2008 | Serra do Bicho | Minas Gerais - Brazil |
| 832.473/2008 | Serra do Bicho | Minas Gerais - Brazil |
| 832.474/2008 | Serra do Bicho | Minas Gerais - Brazil |
| 810.411/2007 | Cacapava do Sul | Rio Grande do Sul - Brazil |
| 810.412/2007 | Cacapava do Sul | Rio Grande do Sul - Brazil |
| 810.413/2007 | Cacapava do Sul | Rio Grande do Sul - Brazil |
| 810.414/2007 | Cacapava do Sul | Rio Grande do Sul - Brazil |
| 810.522/2007 | Cacapava do Sul | Rio Grande do Sul - Brazil |
| 810.523/2007 | Cacapava do Sul | Rio Grande do Sul - Brazil |
| 810.525/2007 | Cacapava do Sul | Rio Grande do Sul - Brazil |
| 815.401/2007 | Brusque | Santa Catarina - Brazil |
| 815.907/2007 | Brusque | Santa Catarina - Brazil |
| 815.908/2007 | Brusque | Santa Catarina - Brazil |
| 815.909/2007 | Brusque | Santa Catarina - Brazil |
- See chapter 19 for defined terms.
30/9/2001
Appendix 5B Page 8