ENOVA MINING LIMITED — Interim / Quarterly Report 2014

Jul 29, 2014

Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10

Name of entity

Crossland Strategic Metals Limited

	ABN 64 087 595 980 Consolidated statement of cash flows	ABN 64 087 595 980 Consolidated statement of cash flows	Quarter ended (“current quarter”) 30 June 2014	Quarter ended (“current quarter”) 30 June 2014
			30 June 2014
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 paid 1.7 Other (Past cost recovery, R & D rebate) Net Operating Cash Flows		Current quarter $A’000		Year to date (6 months) A’000
		(251) (42) 0 164		(529) (129) 4 164
		(129)		(490)
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 (Security Bonds) Net investing cash flows 1.13 Total operating and investing cash flows (carriedforward)		50 12		50 11
		62		61
		(67)		(429)

• 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 (broughtforward)	(67)	(429)
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 (Capital Raising costs) Net financing cash flows	-	200
	-	200
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	(67) 202	(229) 363
	134	134

Note –	Since quarter end, the Company issued 20 million shares at 1 cent to raise	Since quarter end, the Company issued 20 million shares at 1 cent to raise
$200,000 and our JV partners have agreed to pay a further $150,000 before the end of
August.
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
		$A'000
23 Aggregate amount of payments to the parties included in item 1.2		Nil
24 Aggregate amount of loans to the parties included in item 1.10		Nil

	.22 Cash at end of quarter	.22 Cash at end of quarter	.22 Cash at end of quarter	.22 Cash at end of quarter
	Note – Since quarter end, the Company issued 20 million shares at 1 cent to raise $200,000 and our JV partners have agreed to pay a further $150,000 before the end of August. 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 1	.23 .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
				Nil
				Nil
1.25 Explanation necessary for an understanding of the transactions N/a Non-cash financing and investing activities 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets andliabilities but didnotinvolve cash flows N/a 2.2 Details of outlays made by other entities to establish or increase their share in projects in whichthereporting entityhas an interest N/a			Explanation necessary for an understanding of the transactions
			N/a
		N/a
		Details of outlays made by other entities to establish or increase their share in projects in whichthereporting entityhas an interest
		N/a

• See chapter 19 for defined terms.

Appendix 5B Page 2

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Appendix 5B Mining exploration entity quarterly report

Financing facilities available

Add notes as necessary for an understanding of the position.

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Amount available Amount used
$A’000 $A’000
3.1 Loan facilities
3.2 Credit standby arrangements
Estimated cash outflows for next quarter
$A’000
4.1 Exploration and evaluation (Essential costs only)
88
4.2 Development
4.3 Production
4.4 Administration (Only essential costs)
141
Total (Current cash + $200k placement + Pancon 229
Debt $150k meets requirements)
Reconciliation of cash
Reconciliation of cash at the end of the quarter Current quarter Previous quarter
(as shown in the consolidated statement of cash $A’000 $A’000
flows) to the related items in the accounts is as
follows.
5.1 Cash on hand and at bank 100 102
34 100
5.2 Deposits at call
5.3 Bank overdraft
5.4 Other (provide details)
134 202
Total: cash at end of quarter (item 1.22)
Changes in interests in mining tenements
Tenement Nature of interest Interest at Interest at
reference (note (2)) beginning end of
of quarter quarter
6.1 Interests in mining
tenements See Appendix A
relinquished, reduced
or lapsed
6.2 Interests in mining
tenements acquired or See Appendix A
increased
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• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

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.

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	227,629,043	227,629,043	Various	Fully Paid
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	Options 15,000,000 35,574,652 5,000,000	Nil 35,574,652 Nil	Exercise price 10 cents 15 cents 5 cents	Expiry date 30 Jun 15 30 Nov 14 30 Jun 15
	Nil
7.11 Debentures (totals only)
7.12 Unsecured notes(totals only)

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

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 5).

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

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Sign here: Date: 30 July 2014
__________
(Company Secretary)
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Print name: Malcolm Smartt

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 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.

• 5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting 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

Annexure A

Tenure Changes 1 April 2014 – 30 June 2014

1. Applications Made

Nil

2. Applications Withdrawn

Nil

3. Applications Granted

EL	Blocks	Area (km2)	Date
30058	106	334.3	23/04/2014
4. Tenures Acquired
	Nil
5. Tenures Reduced
EL	Blocks	Area (km2)	Date
28795	16 to 11	50.44 to 34.68	11/06/2014
28866	18 to 11	56.71 to 34.65	11/06/2014
6. Tenures Surrendered
EL	Blocks	Area (km2)	Date
5277	N/A	798	19/06/2014
5278	N/A	670	19/06/2014
7. Tenures Cancelled
	Nil
8. Other
Expired
EL	Blocks	Area (km2)	Date
5279	N/A	125	28/03/2014

5. Tenures Reduced

• See chapter 19 for defined terms.

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