EMU NL — Interim / Quarterly Report 2012

Apr 29, 2012

==> picture [98 x 36] intentionally omitted <==

MINING EXPLORATION ENTITY QUARTERLY REPORT

APPENDIX 5B Name of entity: EMU NICKEL NL ABN: Quarter ended (“current quarter”) 50 127 291 927 31/3/2012 Consolidated statement of cash flows Current quarter $AUD’000 Year to date (9 months) $AUD’000 Cash flows related to operating activities 1.1 Receipts from product sales, related debtors, GST Credits (38) 13 1.2 Payments for: (a) exploration and evaluation (93) (209) (b) development (c) production (d) administration (208) (559) 1.3 Dividends received 1.4 Interest and other items of a similar nature received 30 177 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other (provide details if material) Net Operating Cash Flows (309) (578)	APPENDIX 5B Name of entity:	APPENDIX 5B Name of entity:	APPENDIX 5B Name of entity:	APPENDIX 5B Name of entity:
	EMU NICKEL NL
			Quarter ended (“current quarter”)
			31/3/2012
		Current quarter $AUD’000		Year to date (9 months) $AUD’000
		(38) (93) (208) 30		13 (209) (559) 177
		(309)		(578)
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 advanced by/repaid to other entities 1.12 Other (Loan repayments to associated company) Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)		(934)		(959)
		(934)		(959)
		(1,243)		(1,537)

Page | 1

==> picture [98 x 36] intentionally omitted <==

==> picture [402 x 633] intentionally omitted <==

----- Start of picture text -----

1.13 Total operating and investing cash flows
(1,243) (1,537)
(brought forward)
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 (provide details if material) – Share issue
expenses
- -
Net financing cash flows
Net increase (decrease) in cash held (1,243) (1,537)
1.20 Cash at beginning of quarter/year to date 5,105 5,399
1.21 Exchange rate adjustments to item 1.20
1.22 Cash at end of quarter 3,862 3,862
Payments to directors of the entity and associates of the directors
Payments to related entities of the entity and associates of the related entities
Current quarter
$AUD'000
1.23 Aggregate amount of payments to the parties included in item 1.2 61
1.24 Aggregate amount of loans to the parties included in item 1.10
1.25 Explanation necessary for an understanding of the transactions
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
Amount available Amount used
$AUD’000 $AUD’000
3.1 Loan facilities
3.2 Credit standby arrangements
Page | 2
----- End of picture text -----

==> picture [98 x 36] intentionally omitted <==

==> picture [402 x 450] intentionally omitted <==

----- Start of picture text -----

Estimated cash outflows for next quarter
$AUD’000
4.1 Exploration and evaluation 100
4.2 Development
4.3 Production
4.4 Administration 150
Total 250
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 $AUD’000 $AUD’000
the related items in the accounts is as follows.
5.1 Cash on hand and at bank 84 54
5.2 Deposits at call
5.3 Bank overdraft
5.4 Other (provide details) – Short Term Deposit 3,778 5,051
Total: cash at end of quarter (item 1.22) 3,862 5,105
Changes in interests in mining tenements
Tenement Nature of interest Interest at Interest at end
reference beginning of of quarter
quarter
6.1 Interests in mining E20/722 Relinquished 100% 0%
tenements relinquished, E30/395 Relinquished 100% 0%
reduced or lapsed E30/418 Relinquished 100% 0%
E63/1098 Relinquished Earning 100% 0%
6.2 Interests in mining N/A
tenements acquired or
increased
----- End of picture text -----

Page | 3

==> picture [98 x 36] intentionally omitted <==

Issued and quoted securities at end of current quarter

==> picture [407 x 313] intentionally omitted <==

----- Start of picture text -----

Total number Number quoted Issue price per Amount paid-up per
security (cents) security (cents)
7.1 Preference N/A
securities
7.2 Issued during
quarter
7.3 Ordinary
securities
Fully paid 59,828,940 59,828,940 $0.50 $0.50
7.4 Issued during Nil
quarter
7.5 Convertible debt N/A
securities
7.6 Issued during
quarter
7.7 Options Exercise price Expiry date
10,000,000 Not Quoted $0.50 27/2/2013
1,830,000 Not Quoted $0.27 22/12/2014
180,000 Not Quoted $0.1961 21/12/2015
7.8 Issued during Nil
quarter
7.9 Exercised during Nil
quarter
7.10 Expired during Nil
quarter
7.11 Debentures N/A
7.12 Unsecured N/A
notes
----- End of picture text -----

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.

2. This statement does give a true and fair view of the matters disclosed.

==> picture [109 x 34] intentionally omitted <==

==> picture [79 x 33] intentionally omitted <==

----- Start of picture text -----

Rudolf Tieleman
Company Secretary
Date: 30 April 2012
----- End of picture text -----

==> picture [23 x 8] intentionally omitted <==

----- Start of picture text -----

Page | 4
----- End of picture text -----