EMU NL — Interim / Quarterly Report 2012

Jan 30, 2012

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MINING EXPLORATION ENTITY QUARTERLY REPORT

APPENDIX 5B

MINING EXPLORATION ENTITY QUARTERLY REPORTAPPENDIX 5B	MINING EXPLORATION ENTITY QUARTERLY REPORTAPPENDIX 5B	MINING EXPLORATION ENTITY QUARTERLY REPORTAPPENDIX 5B	MINING EXPLORATION ENTITY QUARTERLY REPORTAPPENDIX 5B	MINING EXPLORATION ENTITY QUARTERLY REPORTAPPENDIX 5B
Name of entity:EMU NICKEL NLABN:Quarter ended (“current quarter”)50 127 291 92731/12/2011Consolidated statement of cash flowsCurrent quarter$AUD’000Year to date(6 months)$AUD’000Cash flows related to operating activities1.1Receipts from product sales, related debtors,GST Credits37511.2Payments for:(a) exploration and evaluation(86)(116)(b) development(c) production(d) administration(190)(351)1.3Dividends received1.4Interest and other items of a similar naturereceived741471.5Interest and other costs of finance paid1.6Income taxes paid1.7Other (provide details if material)Net Operating Cash Flows(165)(269)	Name of entity:
	EMU NICKEL NL
			Quarter ended (“current quarter”)
			31/12/2011
		Current quarter$AUD’000		Year to date(6 months)$AUD’000
		37(86)(190)74		51(116)(351)147
		(165)		(269)
Cash flows related to investing activities1.8Payment for purchases of:(a) prospects(b) equity investments(c) other fixed assets1.9Proceeds from sale of:(a) prospects(b) equity investments(c) other fixed assets1.10Loans to other entities1.11Loans advanced by/repaid to other entities1.12Other (Loan repayments to associatedcompany)Net investing cash flows1.13Total operating and investing cash flows(carried forward)		-		(25)
		-		(25)
		(165)		(294)

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1.13Total operating and investing cash flows(brought forward)	(165)	(294)
Cash flows related to financing activities1.14Proceeds from issues of shares, options, etc.1.15Proceeds from sale of forfeited shares1.16Proceeds from borrowings1.17Repayment of borrowings1.18Dividends paid1.19Other (provide details if material) – Share issueexpensesNet financing cash flows
	-	-
Net increase (decrease) in cash held1.20Cash at beginning of quarter/year to date1.21Exchange rate adjustments to item 1.201.22Cash at end of quarter	(165)5,270	(294)5,399
	5,105	5,105

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

1.23Aggregate amount of payments to the parties included in item 1.21.24Aggregate amount of loans to the parties included in item 1.10	Current quarter$AUD'000
	83

• 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

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Estimated cash outflows for next quarter

Estimated cash outflows for next quarter
4.1Exploration and evaluation4.2Development4.3Production4.4Administration	$AUD’000
	100
	150
Total	250

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the quarter (asshown in the consolidated statement of cash flows) tothe related items in the accounts is as follows.	Current quarter$AUD’000	Previous quarter$AUD’000
5.1Cash on hand and at bank5.2Deposits at call5.3Bank overdraft5.4Other (provide details) – Short Term Deposit	54	243
	5,051	5,027
Total: cash at end of quarter(item 1.22)	5,105	5,270

Changes in interests in mining tenements

6.1Interests in miningtenements relinquished,reduced or lapsed6.2Interests in miningtenements acquired orincreased	Tenementreference	Nature of interest	Interest atbeginning ofquarter	Interest at endof quarter
	E63/1399E63/1310E63/1311E63/1312E15/890P27/1752	RelinquishedRelinquishedRelinquishedRelinquishedExpiredAmalgamation	100%100%100%100%Earning 49%Earning 37.9%	0%0%0%0%0%0%
	E51/1472E51/1473	GrantedGranted	51%51%	51%51%

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Issued and quoted securities at end of current quarter

		Total number	Number quoted	Issue price persecurity (cents)	Amount paid-up persecurity (cents)	Amount paid-up persecurity (cents)
7.1Preferencesecurities7.2Issued duringquarter		N/A
	quarter
7.3OrdinarysecuritiesFully paid7.4Issued duringquarter	OrdinarysecuritiesFully paid
		59,828,940	59,828,940	$0.50	$	0.50
		Nil
7.5Convertible debtsecurities7.6Issued duringquarter		N/A
7.7Options7.8Issued duringquarter7.9Exercised duringquarter7.10Expired duringquarter				Exerciseprice	Expiry date
		10,000,000	NotQuoted	$0.50	27/2/2013
		1,830,000	NotQuoted	$0.27	22/12/2014
		180,000	NotQuoted	$0.1961	21/12/2015
		Nil
		Nil
		Nil
7.11Debentures		N/A
7.12Unsecurednotes		N/A

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.

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Rudolf Tieleman Company Secretary

Date: 31 January 2012

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