First Graphene Ltd. — Interim / Quarterly Report 2012

Dec 19, 2012

Appendix 4C

Monthly report for entities admitted on the basis of commitments

Introduced 31/03/00 Amended 30/09/01, 24/10/05, 17/12/10

Name of entity

MONGOLIAN RESOURCES LIMITED

ABN 50 007 870 760	Month ended (“current month”)
50 007 870 760	30 November 2012

Consolidated statement of cash flows

Payments for (a) staff costs (b) advertising and marketing (c) research and development (d) leased assets (e) other working capital 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 (provide details if material) Net operating cash flows Cash flows related to operating activities 1.1 Receipts from customers/ Reimbursements 1.2	Current month $A	Year to date (5 months) $A
	- - - - - (30,154) - 983 - - -	- - - - - (166,749) - 8,496 - - -
	**(29,171) **	(158,253)

9

Appendix 4C Monthly report for entities admitted on the basis of commitments

---

	Current month $A	Year to date (5 months) $A
1.8 Net operatingcash flows (carried forward)
Cash flows related to investing activities Payment for acquisition of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets Proceeds from disposal of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets (f) return of capital 1.11 Loans to other entities 1.12 Loans repaid by other entities 1.13 Other (provide details if material) Net investing cash flows 1.14 Total operating and investing cash flows 1.9 1.10	- - - - - - - - - - - - - - -	- - - - - - - - - - - - (200,000) - -
	-	(200,000)
	(29,171)	(358,253)
Cash flows related to financing activities 1.15 Proceeds from issues of shares, options, etc. 1.16 Proceeds from sale of forfeited shares 1.17 Proceeds from borrowings 1.18 Repayment of borrowings 1.19 Dividends paid 1.20 Other (provide details if material) Net financing cash flows	- - - - - -	- - - - - -
	-	-
Net increase (decrease) in cash held 1.21 Cash at beginning of month/year to date 1.22 Exchange rate adjustments to item 1.20 1.23 Cash at end of month	(29,171) 344,314 -	(358,253) 673,396 -
	315,143	315,143

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

1.24 1.25	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to theparties included in item 1.11	Current month $A
		-
		-
1.26	Explanation necessary for an understanding of the transactions
	Payment of directors and company secretarial fees.

Appendix 4C Monthly report for entities admitted on the basis of commitments

---

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

None.

• 2.2 Details of outlays made by other entities to establish or increase their share in businesses in which the reporting entity has an interest

None.

Financing facilities available

Add notes as necessary for an understanding of the position.

3.2 Credit standby arrangements 3.1 Loan facilities	Amount available $A	Amount used $A
	-	-
	-	-

Appendix 4C Monthly report for entities admitted on the basis of commitments

---

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the month (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	Current month $A	Previous month $A
4.1 Cash on hand and at bank 4.2 Deposits at call 4.3 Bank overdraft 4.4 Other (provide details)	315,143 - - -	344,314 - - -
Total: cash at end ofquarter(item 1.23)	315,143	344,314

Acquisitions and disposals of business entities

5.1 Name of entity 5.2 Place of incorporation or registration Consideration for acquisition or disposal 5.4 Total net assets 5.3 5.5 Nature of business	Acquisitions (Item 1.9(a))	Disposals (Item 1.10(a))
	n/a	n/a
	n/a	n/a
	-	-
	-	-
	n/a	n/a

Compliance statement

• 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act (except to the extent that information is not required because of note 2) or other standards acceptable to ASX.

• 2 This statement does ~~/does not*~~ (delete one) give a true and fair view of the matters disclosed.

Sign here: ……………………………………………………….. (Director/Company secretary)

Print name: Nerida Schmidt

Date: ............................

Appendix 4C Monthly report for entities admitted on the basis of commitments

---

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 definitions in, and provisions of, AASB 107: Statement of Cash Flows apply to this report except for any additional disclosure requirements requested by AASB 107 that are not already itemised in this report.

• 3 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.