ECLIPSE METALS 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 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001, 01/06/10.

Name of entity

	Name of entity	Name of entity
	ECLIPSE METALS LIMITED
	ABN 85 142 366 541 Consolidated statement of cash flows
				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 refunded (paid) 1.7 Other – NetOperating Cash Flows			Current quarter $A’000		Year to date (6 months) $A’000
			25 (28) - - (38) - - - - -		25 (147) - - (162) - - - - -
			(41)		(284)
1.8 1.9 1.10 1.11 1.12		Cash flows related to investing activities Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets Loans to other entities Loans repaid by other entities Other (provide details if material) Net investing cash flows Total operating and investing cash flows (carried forward)	- - - 8 - - - - -		- - - 8 - - (650) 58 -
			8		(584)
			(33)		(868)

• See chapter 19 for defined terms.

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1.13 Total operating and investing cash flows (brought forward)	(33)	(868)
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	- - 41 (10) - (5)	- - 41 (10) - (10)
	26	21
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	(7) 11 -	(847) 851 -
	4	4

1.22 Cash at end ofquarter 4 4	1.22 Cash at end ofquarter 4 4	1.22 Cash at end ofquarter 4 4
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
		-
		-
1.25	Explanation necessaryfor an understandingof the transactions
	Directors fee	-

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

On 13 September 2012, the Company allotted 7,200,000 fully paid Ordinary Shares and 3,750,000 Options and now holds directly 16.53% of the Capital of Walla Mines Limited. On 5 December 2012, the Company allotted 74,600,000 fully paid Ordinary Shares and 85,979,480 Options to acquire directly 96.38% of the Capital of Contour Resources Pty Limited. Contour Resources Pty Limited holds a direct ownership interest in Walla Mines Limited of 39.28%.

Following these acquisitions, the Company holds a direct/indirect ownership interest in Walla Mines Limited of 54.39%.

• 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 Not Applicable

Financing facilities available

• See chapter 19 for defined terms.

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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 and evaluation 4.2 Development 4.3 Production 4.4 Administration	$A’000
	100
	-
	-
	200
Total	300

Reconciliation of cash

onciliation of cash
nciliation of cash at the end of the quarter (as n in the consolidated statement of cash flows) to lated items in the accounts is as follows.	Current quarter $A’000	Previous quarter $A’000
Cash on hand and at bank Deposits at call Bank overdraft Other (provide details)	4	11
	-	-
	-	-
	-	-
Total: cash at end of quarter(item 1.22)	4	11

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.

• 5.1 Cash on hand and at bank

• 5.2 Deposits at call

• 5.3 Bank overdraft

• 5.4 Other (provide details)

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 beginnin g of quarter	Interest at end of quarter
	N/A

• See chapter 19 for defined terms.

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6.2 Interests in mining tenements acquired or increased	EL 29563 - Eclipse EL 27701 – Pine Creek EL 27930 – Pine Creek EL 26262 – Pine Creek EPM 17672 – Mary Valley EPM 17685 – Mary Valley EPM 17938 – Mary Valley EPM 17810 – Bundaberg EL 27117 – West McArthur EPM 18596 – Moonford EPM 17321 – Yellow Jack ELA 4507 – Moss Vale	Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Application	0% 100% 100% 100% 0% 0% 0% 0% 0% 0% 0% 0%	100% 100% 100% 100% 54% 54% 54% 54% 54% 54% 54% 54%

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	230,439,641	180,439,643
	84,094,333	84,094,333
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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7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter	150,000 8,873,500 20,909,165 99,223,813	- 8,873,500 - -		Exercise price $0.20 $0.20 $0.06 $0.06		Expiry date 30/11/2015 31/05/2014 31/03/2013 30/11/2016
	95,473,813	-		$0.06		30/11/2016
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.

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Sign here: ............................................................

Date: 31 January 2013

Print name: Peter Del Fante Executive Director

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.

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• 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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