EV RESOURCES LTD — Interim / Quarterly Report 2013

Oct 30, 2012

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

Victory West Metals Limited

ABN66 009 144 503	Quarter ended (“current quarter”)
66 009 144 503	30 September 2012

Consolidated statement of cash flows

Cash flows related to operating activities1.1Receipts from product sales and relateddebtors1.2Payments for (a) exploration & evaluation(b) development(c) production(d) administration1.3Dividends received1.4Interest and other items of a similar naturereceived1.5Interest and other costs of finance paid1.6Income taxes paid1.7Other (Deposits)Net Operating Cash Flows	Current quarter$A’000	Year to date(3 months)$A’000
	-(20)--(44)-----	-(20)--(44)-2---
	(64)	(64)
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 repaid by other entities1.12Other (provide details if material)Net investing cash flows1.13Total operating and investing cash flows(carried forward)	-----(255)--	-----(255)--
	(255)	(255)
	(319)	(319)

• 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	(319)	(319)
	(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	362	362
1.17	Repayment of borrowings	(74)	(74)
1.18	Dividends paid	-	-
1.19	Other (provide details if material)	-	-
	Net financing cash flows	288	288
	Net increase (decrease) in cash held	(31)	(31)
1.20	Cash at beginning of quarter/year to date	481	481
1.21	Exchange rate adjustments to item 1.20	-	-
1.22	Cash at end ofquarter	450	450

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
		-
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
1.25	Explanation necessaryfor an understandingof 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

• 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

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

Financing facilities available

Add notes as necessary for an understanding of the position.

• 3.1 Loan facilities

• 3.2 Credit standby arrangements 3.3 Short term loan receivable

	Amount available	Amount used
	$A’000	$A’000
	-	-
	-	-
	400	-

Estimated cash outflows for next quarter

• 4.1 Exploration and evaluation

• 4.2 Development

• 4.3 Production

• 4.4 Administration Total

$A’000 100 - - 200 300

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the quarter (asshown 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
5.1Cash on hand and at bank5.2Deposits at call5.3Bank overdraft5.4Other (provide details)	450	481
	-	-
	-	-
	-	-
Total: cash at end of quarter(item 1.22)	450	481

Changes in interests in mining tenements

6.1Interests in miningtenements relinquished,reduced or lapsed6.2Interests in miningtenements acquired orincreased	Tenementreference	Nature of interest(note (2))	Interest atbeginningofquarter	Interest atend ofquarter

• See chapter 19 for defined terms.

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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.

Issued and quoted secur		ities at end of cu		rrent quarter
Description includes rate of interest an		d any redemption or conve		rsion rights together wi		th prices and dates.
	Total n	mber	Number u	ted	Issue rice e		Amount aid u
			q		p psecurity (see		p pper security (see
					note3) (cents)		note3) (cents)
7.1Preference
+securities
(description)
7.2Changes during
quarter() I
a ncreasesthrough issues
(b) Decreases
through returns
of capital, buy-
backs,
redemptions
**+ **
7.3Ordinaryiti	176,577,	277	176,577,277
securesPerformanceshares7.4Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough returnsof capital, buy-backs	10,000,000convertibletoordinary sharesuponsatisfactionofmilestone		-
	2,999,600Ordinary Shares		2,999,600		$0.035		$0.035
7.5+Convertibledebt securities(description)7.6Changes duringquarter(a) Increasesthrough issues(b) Decreasesthroughsecuritiesmatured,converted,repaid	Securedconvertiblenote deedUnsecuredconvertibleloans		--		$2 million$655,000		$2 million$655,000
	-$100,000ofunsecuredconvertibleloans converted		-$100,000ofunsecuredconvertibleloans converted
7.7Options(description andconversionfactor)	1,000,0001,000,000		--		Exercise price25 cents25 cents		Expiry date31 August 201431 August 2014

• See chapter 19 for defined terms.

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• 7.8 Issued during quarter

• 7.9 Exercised during quarter

• 7.10 Lapsed during quarter

• 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.

Sign here: ............................................................ Date: ......31 October 2012......... (Company secretary) Print name: ............Luke Martino.............................................

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.

  • == == == == ==

• See chapter 19 for defined terms.

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