Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

CORE LITHIUM LTD Interim / Quarterly Report 2016

Oct 29, 2015

64737_rns_2015-10-29_03f24d45-4ae5-46f8-b84d-1e6d7b2c7ac4.pdf

Interim / Quarterly Report

Open in viewer

Opens in your device viewer

==> picture [593 x 70] intentionally omitted <==

==> picture [593 x 70] intentionally omitted <==

30th October 2015

Centralised Company Announcements Platform Australian Securities Exchange 10[th] floor, 20 Bond Street Sydney NSW 2000

QUARTERLY ACTIVITIES AND CASHFLOW REPORT 30 SEPTEMBER 2015

Please find attached the Quarterly Activities and Appendix 5B Quarterly Cash Flow Reports for the Quarter ended 30 September 2015.

Yours faithfully

==> picture [135 x 41] intentionally omitted <==

Stephen Biggins Managing Director

==> picture [595 x 32] intentionally omitted <==

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected] www.coreexploration.com.au

==> picture [165 x 52] intentionally omitted <==

ASX Release

30 October 2015

CORE EXPLORATION LTD

26 Gray Court Adelaide SA 5000 (08) 7324 2987

CONTACT:

Stephen Biggins Managing Director

Jarek Kopias Company Secretary

E‐MAIL: [email protected]

WEBSITE: www.coreexploration.com.au

Directors:

Greg English Non‐Executive Chairman

Stephen Biggins Managing Director

Heath Hellewell

Non‐executive Director

Issued Capital: 174,664,295 Ordinary Shares 31,400,000 Unlisted Options 3,925,000 Unlisted Performance Rights

ASX Code: CXO

QUARTERLY ACTIVITIES REPORT FOR THREE MONTHS ENDED 30 SEPTEMBER 2015

Highlights

During the period, Core commenced drilling at the Yerelina Zinc Project in SA.

Core also executed a MOU to establish a $2 million joint venture on the Blueys project in the NT with and overseas partner.

Overview

The Board of Core Exploration Ltd (“Core”) is pleased to present its Quarterly activities report for the Period ended 30 September 2015 .

During the reporting period, Core commenced drilling on the Yerelina Zinc Project in South Australia and finalised preparations for drilling at Jervois Domain the Northern Territory.

Diamond drilling at Yerelina has intersected a mineralised breccia zone over a 9.8m section at the Great Gladstone Prospect and a broader 30metre wide intermittent breccia zone at Big Hill Prospect. The mineralised zones intersected are located down dip of outcropping mineralised gossans. Surface channel sampling of these gossans also returned significant zinc, lead and silver assays during the period. The gossans are interpreted as the mineralised surface expression of a fault zone thought to be up to 1.5‐3km km long.

Drilling on Core’s Jervois Domain Project in NT commenced after the end of the quarter and comprised traverses of shallow RAB/RC drill holes testing a 15km strike length within the prospective Big‐J zone and specific high priority geophysical targets.

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected]

www.coreexploration.com.au

==> picture [593 x 70] intentionally omitted <==

==> picture [593 x 70] intentionally omitted <==

Project Activity

South Australia : Yerelina Project, EL 5015 (CXO 100%)

Diamond drilling during the reporting period has successfully intersected multiple mineralised breccia zones within Core Exploration Ltd’s Yerelina Zinc Project, which covers a total area of approximately 1,000km[2] in northern South Australia.

Core’s diamond drilling program at Yerelina comprised a total of five angled diamond core holes totalling approximately 1,037m at Great Gladstone, Great Northern and Big Hill prospects.

The drill core from these recently completed drillholes is currently being cut, sampled and submitted for laboratory assay. Assay results are expected in late November.

Great Gladstone Prospect

The 9.8m section of mineralised breccias and veining was intersected by diamond drill hole YRDH003 from a depth of 144m downhole.

Base metal sulphide mineralisation was observed within an intense breccia zone. The breccia consists of rotated slate clasts in a predominantly siderite‐carbonate‐quartz matrix with a polyphase banded breccia/vein overprinting of sphalerite and silica along with ribbons of galena mineralisation (Figures 1 and 2).

The mineralised zone intersected in YRDH003 is located down dip of outcropping mineralised gossans. Surface channel sampling of these gossans at Great Gladstone returned significant zinc, lead and silver assays. The gossans are interpreted as the mineralised surface expression of a fault zone thought to be up to 1.5km long (Figure 3 & 8).

==> picture [452 x 157] intentionally omitted <==

Figure 1. YRDH003 150.2m ‐ Mineralised Breccia (slate, siderite‐calcite‐quartz‐sphalerite‐galena)

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected]

www.coreexploration.com.au

==> picture [595 x 32] intentionally omitted <==

==> picture [450 x 169] intentionally omitted <==

Figure 2. YRDH003 153.4m – Mineralised polyphase vein with sphalerite and siderite

==> picture [408 x 480] intentionally omitted <==

Figure 3. Drill hole trace and interpreted geological cross section, YRDH003 Great Gladstone Prospect, Yerelina Project South Australia.

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected]

www.coreexploration.com.au

Big Hill Prospect

Diamond drilling has intersected a broad 30m wide zone of intermittent breccia and veining at the Big Hill Prospect.

The mineralised zone intersected in YRDH005 is located down dip of a 10m wide outcropping mineralised gossans. Surface channel sampling of these gossans have returned significant zinc, lead and silver assays.

Zinc and lead mineralisation is interpreted be hosted in carbonate‐quartz‐goethite veining and breccias as indicated by leached sulphides (goethitic boxworks and voids) at various intervals within a 30m intersection (approx. true width) from 30m to 60m depth downhole (Figures 4‐6).

The Big Hill Gossans are interpreted as the mineralised surface expression of a fault zone thought to be up to 3,000m long at Big Hill and are also considerably thicker than that at Great Gladstone prospect located ~5km further west (refer ASX announcement 12th September 2015) (Figure 7).

The host rocks at Big Hill have more sandy, carbonate‐rich interbeds showing stronger MVT‐ type zinc lead mineralisation style affinities with shallow, platform carbonate rich facies. Also the degree of oxidation, veining and structural complexity is significantly higher than at Great Gladstone.

Numerous fault zones and veining, with alteration selvedging and discrete zones of intense brecciation were identified, but strong weathering has leached much of the sulphide minerals leaving goethite stained vuggy voids in breccias and fault zones and haematite (marcasite) in veins interpreted after sulphides.

==> picture [452 x 150] intentionally omitted <==

Figure 4 YRDH005 Fault and mineralised breccia at 45.7‐46.7m

==> picture [451 x 50] intentionally omitted <==

Figure 5. YRDH005 60.5‐61m Brecciated slate with calcite/quartz matrix and black puggy material (after sulphide).

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected] www.coreexploration.com.au

==> picture [452 x 159] intentionally omitted <==

==> picture [452 x 68] intentionally omitted <==

Figure 6. YRDDD005 44.2‐48.1 Veining, faulting and brecciation within carbonate rich slate.

==> picture [445 x 387] intentionally omitted <==

Figure 7. Drill hole trace and interpreted geological cross section, YRDH005 Big Hill Prospect, Yerelina Project South Australia.

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected] www.coreexploration.com.au

Yerelina Zinc Project Background

The Adelaide Geosyncline has long been considered prospective for sediment hosted base metal mineralisation styles (e.g. MVT). CXO believes that the mineralisation at Yerelina may represent a surface exposure of a discordant part of one of these large regional mineralisation styles (Figure 8).

High‐grade silver‐lead‐zinc mineralisation within Tapley Hill Formation was historically mined 100 years ago at Yerelina in the northern Flinders Ranges. Whilst there remains clear evidence of numerous historical workings and outcropping mineralisation that can be mapped in repetitious, kilometre long vein sets over a very broad area, no systematic modern exploration has been undertaken, and prior to Core’s recent drilling, the area has never been drill tested.

Core’s analysis of modern satellite imagery and the Company’s detailed heli‐borne magnetic and radiometric survey data have identified that these workings are hosted by a large‐scale system of repeated north/south regional structures. The Company identified that potential gossanous outcrop and host structures could be seen in the landscape to both the north and the south of the historical workings and multiple potential repeats of the known mineralised faults have been identified as magnetic lows. The Company has located and sampled 23 historical mining areas along six separate mineralised faults to date.

==> picture [442 x 342] intentionally omitted <==

Figure 8. Magnetic image, surface mineralised structures and drill targets in plan view with block model of conceptual geological targets (depth not to scale).

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected]

www.coreexploration.com.au

South Australia : Fitton Uranium Project EL 4569, EL 5192, EL 5375, ELA 2015/44, ELA 2015/125

(CXO 100%)

Core’s Fitton Uranium Project is located in a world‐class, low‐risk uranium mining jurisdiction in South Australia.

Core noted with interest $75 million offer by Quasar for Alliance Resources Ltd’s (ASX:AGS) 25% interest in the Four Mile uranium project in South Australia.

Core has previously made an outstanding discovery of high grade uranium on the 100% owned Fitton Project adjacent to the Four Mile Uranium Mine. Core’s exploration work and drilling to date at Fitton has confirmed that uranium mineralisation:

  • outcrops (up to 0.30% U3O8 at surface)

  • high grade at depth (up to 4m @ 0.31% U3O8)

  • substantial intersections (60m @ 0.05% U3O8)

  • open below 150m depth in drilling

  • close to major unconformity

==> picture [452 x 385] intentionally omitted <==

Figure 9. Fitton Project location of tenure and major uranium deposits

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected] www.coreexploration.com.au

Northern Territory

==> picture [452 x 298] intentionally omitted <==

Figure 10. Core’s Albarta and Jervois Domain Project, prospects and tenements overlain on regional geology, NT

Jervois Project, EL’s 29579, 29580, 29581 & 29669 NT

(CXO 100%)

Core’s maiden‐drilling program on the Jervois Domain Project commenced in early October testing key targets within a 15km strike length of the Big‐J target zone.

Core’s maiden drilling program consisted of traverses of shallow RAB and RC vertical holes over prospective target zones and specific high priority geophysical targets. Specific targets A1 to G1 have been modelled on a series of sections (A‐G) along the strike length of the prospective Big‐J curve target zone (Figure –11 ‐ 12).

Much of the target geology is buried under a shallow cover of sand and soil and the shallow drill traverses will enable the Company to test the large scale prospectivity of the 15km strike length of the Big‐J feature.

Core is applying similar geophysical tools to those used to characterise and define the nearby Jervois copper and base‐metal mineralisation by KGL Resources and Rox Resources in the same host Bonya Metamorphics geology (Figure 11).

Core and project research partner CSIRO’s analysis of the Company’s geophysical surveys has confirmed multiple magnetic, conductive and chargeable features at large prospect scale within the Big‐J target zone. The geophysical signatures and model fits well with Sedex/VHMS model proposed for the mineralisation at Jervois by recent NTGS research.

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected] www.coreexploration.com.au

==> picture [356 x 119] intentionally omitted <==

==> picture [356 x 119] intentionally omitted <==

==> picture [356 x 119] intentionally omitted <==

Figure 11. J‐curve (KGL) and Big‐J (CXO) target zone and interpreted geology, Jervois Area, NT.

==> picture [355 x 151] intentionally omitted <==

==> picture [355 x 151] intentionally omitted <==

Figure 12. Big‐J interpreted geology and geophysical targets, on Core’s EL 29258, Jervois Domain.

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected] www.coreexploration.com.au

Inkheart ‐ Blueys Project, EL 28136 NT

(CXO 100% ‐ MOU for JV)

During the Quarter Core entered into a non‐binding Memorandum of Understanding (MOU) with an offshore organisation. Under the MOU the parties agree to negotiate the final terms of a Joint Venture to advance Core’s Inkheart and Blueys Project in the Northern Territory.

Subject to due diligence and other conditions, the MOU outlines the key terms to negotiate a future Joint Venture between the two parties. The MOU summarises key terms by which the incoming party can earn up to an 80% interest in Core’s EL 28136 by sole funding exploration expenditure within 2 years.

If the conditions contemplated by the MOU are met then it is expected that the Joint Venture would be in place toward the end of 2015.

==> picture [455 x 343] intentionally omitted <==

Figure 13. Phase 1 drilling results and silver in soils, Blueys and Inkheart Prospects, NT

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected] www.coreexploration.com.au

==> picture [459 x 646] intentionally omitted <==

Figure 14. Phase 1 and 2 drillhole locations and significant assays overlain on geology, Inkheart Prospect, NT.

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected] www.coreexploration.com.au

Corporate

CASH POSITION

Core had $0.65 million cash on hand at the end of the September Quarter.

Exploration and evaluation expenditure by the Company during the September 2015 Quarter was $310,000.

CHANGE OF TENEMENT INTEREST

Northern Territory

The company acquired a new tenement during the Quarter, EL 30669 “Ross River” 55 blocks. During the Quarter four (4) tenements were surrendered; EL29687 “Laughlan”, EL29688 “Ambalindum”, EL29280 “Woolgathering” and EL28546 “Star Creek”.

SHARE CAPITAL CHANGES

During the Quarter, the Company completed a share purchase plan at 2.5 cents per share (SPP) raising $600,000, including underwriting, and issued 24,000,008 shares. In addition to the shares, underwriters of the SPP were issued 12,000,000 unlisted options with an exercise price of 5.00 cents and expiry of 31 August 2017. A further 178,000 shares were issued in settlement of an invoice.

On 27 October 2015 the Company announced a 1 for 4 non‐renounceable Option issue whereby eligible shareholders can subscribe for options with an exercise price of $0.05 and an expiry date of 31 August 2017. The rights issue is scheduled to close on 18 Nov 2015.

Since the end of the quarter, 800,000 employee performance rights, with various KPI based vesting criteria, lapsed and 800,000 new performance rights with an expiry of 16 October 2016 were issued with KPI based vesting criteria. A further 1,000,000 unlisted options were issued to a director following shareholder approval at the 2015 AGM. The options are subject to a share price KPI and are exercisable at 10 cents by 31 January 2017.

A summary of movements and balances of equity securities between 1 July 2015 and this report are listed below (all equity movements, except the lapse and issue of performance rights, occurred during the Quarter):

Ordinary
Shares
Unlisted
options
Unlisted
Performance
rights
On issue at start ofQuarter 150,486,287 18,400,000 3,925,000
Issue
of
unlisted
options
(SPP
underwriting)
12,000,000
Share
purchase
plan
(including
underwriting)
24,000,008
Settlement of invoice 178,000
Lapse ofperformance rights (800,000)
Issue ofperformance rights 800,000
Issue of unlisted options 1,000,000
Total securities on issue at the date of
this report
174,664,295 31,400,000 3,925,000

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected]

www.coreexploration.com.au

Proposed Activities Next Quarter

South Australia

Yerelina Zinc

The diamond‐drilling program at Yerelina was completed in early October. The drill core has been transported to Adelaide for core‐cutting and sampling with assay results anticipated in early November.

During the December Quarter the geological model and the potential for MVT‐style base metal mineralisation will be refined.

Fitton Uranium

Geological mapping and systematic surface sampling at Fitton will recommence with the aims of assessing the potential for Fitton to be related to an unconformity‐style uranium system and to assist targeting for a future diamond drilling program.

Northern Territory

Jervois

The RAB/RC drilling program over the prospective Big‐J zone at Jervois was completed in early October. Assay results and a refined geological model are anticipated in mid to late November.

Blueys and Inkheart Silver Project

Core will progress the potential JV with an offshore organisation to co‐fund exploration including the proposed diamond drilling program at Inkheart/Blueys. Full drilling approvals are anticipated during this Quarter.

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected]

www.coreexploration.com.au

Tenement Table

Tenement number Tenement name Beneficial Interest
at the end of the
Quarter
Changes during
Quarter
South Australia
EL 4569 Fitton 100% None
EL 4816 Horse Well 100% None
EL 4906 Roxby Downs 100% None
EL 5015 Yerelina 100% None
EL 5192 Calcutta 100% None
EL 5320 Yorke Peninsula 100% None
EL 5375 Billy Springs 100% None
Northern Territory
EL27369 Mt Russell 100% None
EL27709 Pattersons 100% None
EL28029 White Range East 100% None
EL28136 Blueys 100% None
EL28546 Star Creek 0% Surrendered 13/9/15
EL28852 Gough Dam 100% None
EL28853 No 1 Tank 100% None
EL28854 Mt Johnstone 100% None
EL28940 Mordor 100% None
EL29280 Woolgathering 0% Surrendered 10/8/15
EL29304 Brumby Dam 100% None
EL29347 Yambla 100% None
EL29389 Mt George 100% None
EL29512 Daicos 100% None
EL29514 Mt Emma 100% None
EL29579 Jervois 100% None
EL29580 Jervois 100% None
EL29581 Jervois 100% None
EL29667 Riddoch 100% None
EL29668 Riddoch 100% None
EL29669 Jervois 100% None
EL29687 Laughlen 0% Surrendered 28/7/15
EL29688 Riddoch 0% Surrendered 28/7/15
EL29689 Riddoch 100% None
EL30669 Ross River 100% Granted 10/8/15

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected] www.coreexploration.com.au

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Stephen Biggins (BSc(Hons)Geol, MBA) as Managing Director of Core Exploration Ltd who is a member of the Australasian Institute of Mining and Metallurgy and is bound by and follows the Institute’s codes and recommended practices. He has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activities being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Biggins consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. This report also references information previously released by KGL Resources Ltd on 21/07/2014 “Further Jervois results inc. 11.55% copper and 55.7g/t silver” and Rox Resources Ltd on 20/10/2014 “Exceptional Copper Assays From Bonya Mine Drilling”.

This report also includes exploration information that was prepared and first disclosed by Core under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported. The information in all previous announcements has been compiled by Mr Stephen Biggins as the Competent Person and who provided his consent for all previous announcements. The information that was reported in announcements previously released under JORC Code 2004 are announcements dated 13/05/2012 titled Thick and High Grade Uranium Intersections, Fitton Project, SA. and 19/03/2013 titled “High Grade Lead‐Zinc‐Silver Assays from S.A. Project”

The report includes results that have previously been released under JORC 2012 by Core. The Company is not aware of any new information that materially affects the information included in this announcement: 07/09/2015 Core’s diamond drilling underway on Yerelina Zinc Project 24/08/2015 Co‐funded diamond drilling to start next week on Yerelina Zinc Project 19/08/2015 MOU signed to establish JV at Inkheart and Blueys, NT 10/08/2015 Core’s Jervois Domain drilling ready to start 16/07/2015 Core funded to drill Jervois and Yerelina Projects 07/07/2015 Large lead and zinc anomaly targeted at Yerelina 03/07/2015 Significant uranium transaction bordering CXO Fitton Project

A 26 Gray Court, Adelaide SA 5000 | T (08) 7324 2987 | E [email protected] www.coreexploration.com.au

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 Name of entity
Core Exploration Ltd
ABN
Quarter ended (“current Quarter”)
80 146 287 809
30 September 2015
Consolidated statement of cash flows
Quarter ended (“current Quarter”)
30 September 2015
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 received – R&D refund
1.7
Other (provide details if material)
Net Operating Cash Flows
Current Quarter
(3 Months)
$A’000
Year to date
(3 Months)
$A’000
-
(310)
-
-
(136)
-
2
-
-
-
-
(310)
-
-
(136)
-
2
-
-
-
(444) (444)
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 (provide details if material)
Net investing cash flows
1.13
Total operating and investing cash flows
(carriedforward)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
- -
(444) (444)

==> picture [595 x 32] intentionally omitted <==

1.13
Total operating and investing cash flows
(brought forward)
(444) (444)
Cash flows related to financing activities
1.14
Proceeds from issues of shares
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)
-
Capital raising costs
Net financing cash flows
600
-
-
-
-
(43)
600
-
-
-
-
(43)
557 557
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
113
534
-
113
534
-
647 647

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
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
96
-

1.25 Explanation necessary for an understanding of the transactions

The amount above includes all payments to Directors and also includes payments to entities associated with Greg English, Stephen Biggins and Heath Hellewell. The payments relate to executive services and directors fees on commercial terms.

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.

n/a

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.

n/a

Financing facilities available

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 and evaluation
4.2
Development
4.3
Production
4.4
Administration
$A’000
400
-
-
150
Total 550

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 (provide details)
447 494
200 40
- -
- -
Total: Cash at end of Quarter(item 1.22) 647 534

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
EL29687
EL29688
EL29280
EL28546
Beneficially held
Beneficially held
Beneficially held
Beneficially held
100%
100%
100%
100%
0%
0%
0%
0%
EL30669 Beneficially held 0% 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
(cents)
Amount
paid up per
security
(cents)
7.1
Preference+securities
(description)
7.2
Changes during Quarter
7.3
+Ordinary securities (CXO)
7.4
Changes during Quarter
(a) Increases through issues
(b) Decreases through returns of
capital, buy-backs
174,664,295 174,664,295
24,178,008 24,178,008 2.5 cents 2.5 cents
7.5
+Convertible debt securities
(description)
7.6
Changes during Quarter
7.7
Options (description and
conversion factor)
Unlisted options
Unlisted Options (CXOAQ)
Unlisted Options (CXOAQ)
Unlisted Options (CXOAR)
Unlisted Options (CXOAS)
Unlisted Options (CXOAT)
Unlisted Options (CXOAT)
Unlisted Options (CXOAU)
Total unlisted options
Total unlisted performance
rights (CXOAK)
7.8
Issued during Quarter – unlisted
options
Unlisted Options (CXOAU)
7.9
Exercised during Quarter
7.10 Expired during Quarter
200,000
1,000,000
200,000
15,000,000
1,000,000
1,000,000
12,000,000
30,400,000
3,925,000
-
-
-
-
-
-
-
-
-
Exercise
price
7.50
10.00
8.50
10.00
5.00
7.50
5.00
Expiry date
31 Oct 2015
31 Oct 2015
16 Oct 2016
31 Jan 2016
30 Sep 2016
30 Sep 2016
31 Aug 2017
Various
12,000,000 - 5.00 31 Aug 2017
7.11Debentures(totals only)
7.12Unsecured 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 [101 x 64] intentionally omitted <==

Jaroslaw (Jarek) Kopias

Date: 30 October 2015

Company Secretary

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.

  • == == == == ==