CENTAURUS METALS LIMITED — Interim / Quarterly Report 2012

Jan 24, 2013

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

	CENTAURUS METALS LIMITED
	ABN 40 009 468 099 Consolidated statement of cash flows
			31 December 2012
Cash flows related to operating activities 1.1 Other debtors 1.2 Payments for (a) exploration, evaluation and project generation (b) development (c) production (d) administration (e) merger and acquisition expenses 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 Proceeds from court settlement Net Operating Cash Flows		Current quarter $A’000		Year to date (6 months) $A’000
		‐ (4,202) (34) ‐ (1,296) ‐ ‐ 275 ‐ ‐ ‐		‐ (9,219) (34) ‐ (2,508) ‐ ‐ 428 ‐ ‐ ‐
		(5,257)		(11,333)
Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) cash acquired on acquisition of subsidiary (d) 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 – security deposit refunds/(payments) Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)		‐ ‐ ‐ (59) ‐ ‐ ‐ ‐ ‐ ‐		‐ ‐ ‐ (153) ‐ ‐ ‐ ‐ ‐ ‐
		(59)		(153)
		(5,316)		(11,486)

• 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)	(5,316)	(11,486)
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	‐ ‐ ‐ ‐ ‐ ‐	26,876 ‐ ‐ ‐ ‐ (821)
	‐	26,055
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	(5,316) 28,739 (20)	14,569 8,846 (12)
	23,403	23,403

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
	400
	‐

1.25	Explanation necessary for an understanding of the transactions
	Executive Directors Remuneration Non‐Executive Directors Remuneration	319 81

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

None.

• 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.

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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 $A’000	Amount used $A’000
	Nil	Nil
	Nil	Nil

Estimated cash outflows for next quarter

4.1 Exploration, evaluation and project generation 4.2 Development 4.3 Production 4.4 Administration	$A’000
	2,500
	4,000
	‐
	1,500
Total	8,000

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	40	21
5.2 Deposits at call	23,363	28,718
5.3 Bank overdraft	‐	‐
5.4 Other (provide details)	‐	‐
Total: cash at end of quarter(item 1.22)	23,403	28,739

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

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 of quarter	Interest at end of quarter
	831.409/2008 Itambe 831.411/2008 Itambe 832.465/2008 Serra do Bicho 832.467/2008 Serra do Bicho 832.468/2008 Serra do Bicho 832.469/2008 Serra do Bicho 832.470/2008 Serra do Bicho 832.472/2008 Serra do Bicho 832.473/2008 Serra do Bicho 832.474/2018 Serra do Bicho	Owner Owner Owner Owner Owner Owner Owner Owner Owner Owner	100% 100% 100% 100% 100% 100% 100% 100% 100% 100%	‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

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	195,747,919	195,747,919

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

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		Total number 13,231,250		Number quoted ‐		Exercise price Refer to Appendix 1 for details		Expiry date
		‐		‐
		‐		‐
		218,750		‐
7.11 Debentures (totals only)
7.12 Unsecured notes(totals only)

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.

==> picture [99 x 33] intentionally omitted <==

Sign here: Date: 25 January 2013 (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.

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly 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.

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Appendix 5B Mining exploration entity quarterly report

Centaurus Metals Limited Appendix 1 ‐ Options

Expiry date	Exerciseprice	Employee Options	Employee Options	Non ‐ Employee Options	Non ‐ Employee Options	Total number of shares under option
		Vested	Unvested	Vested	Unvested
14/02/2013 01/10/2013 31/12/2013 31/12/2013 01/01/2014 17/07/2014 17/07/2014 17/07/2014 17/07/2014 31/08/2014 31/08/2014 31/08/2014 01/10/2014 31/10/2014 31/12/2014 31/12/2014 31/12/2014 17/01/2015 15/02/2015 06/03/2015 31/03/2015 31/03/2015 31/03/2015 01/06/2015 19/07/2015 29/08/2015 30/11/2015 04/02/2016 30/01/2017	$0.80 $0.88 $0.64 $1.20 $1.04 $0.40 $0.60 $0.80 $0.96 $0.80 $0.96 $1.20 $0.88 $0.56 $0.80 $1.30 $1.80 $1.04 $0.64 $1.04 $0.64 $0.80 $0.96 $1.04 $0.76 $0.80 $0.88 $1.04 $0.80	‐ 12,500 300,000 50,000 ‐ 125,000 281,250 406,250 125,000 ‐ ‐ ‐ 56,250 2,000,000 ‐ ‐ ‐ 6,250 ‐ 12,500 62,500 62,500 62,500 6,250 12,500 6,250 62,500 37,500 100,000	‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 162,500 ‐ 300,000 ‐ ‐ 31,250 218,750 ‐ 250,000 ‐ ‐ ‐ 75,000 31,250 62,500 150,000 300,000	2,000,000 ‐ ‐ ‐ 62,500 ‐ ‐ ‐ ‐ 625,000 625,000 3,750,000 ‐ ‐ 200,000 200,000 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐	‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 400,000 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐	2,000,000 12,500 300,000 50,000 62,500 125,000 281,250 406,250 125,000 625,000 625,000 3,750,000 218,750 2,000,000 500,000 200,000 400,000 37,500 218,750 12,500 312,500 62,500 62,500 6,250 87,500 37,500 125,000 187,500 400,000
Total		3,787,500	1,581,250	7,462,500	400,000	13,231,250

• See chapter 19 for defined terms.

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