GENESIS RESOURCES LIMITED — Interim / Quarterly Report 2015

Jul 28, 2015

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GENESIS RESOURCES LIMITED  Level 1  61 Spring Street  Melbourne  VIC 3000

T +61 3 9286 7500  F +61 3 9662 1472  www.genesisresourcesltd.com.au  ABN 22 114 787 469

Quarterly Activities Report – June 2015

HIGHLIGHTS

Plavica Au-Ag-Cu Project

• An extensional drilling program has commenced at Plavica during the quarter ended 30 June 2015 ( Quarter ). A total of ten core holes were drilled for a total of 2,732.7m. A number of interesting vuggy silica zones were intercepted with results pending.

• As announced to the ASX on 12 May 2015, a Concession Agreement in respect of the 30 year exploitation (mining) licence for the Plavica tenement has now been signed. This Agreement is between the Government of Macedonia and Silgen Resources International Ltd, Kratovo, an incorporated joint venture entity owned by Genesis and its Macedonian-based joint venture partner RIK Sileks AD Kratovo (via its nominee) in 62% and 38% proportions respectively.

EXPLORATION & DEVELOPMENT PROGRESS DURING THE QUARTER

REPUBLIC OF MACEDONIA

PLAVICA HIGH SULPHIDATION EPITHERMAL GOLD-COPPER-SILVER PROJECT (Figures 1 & 2)

Following the granting of the 30 year Exploitation Licence at Plavica, drilling has commenced to extend the known mineralisation. Ten holes were drilled for 2,732.7m of HQ drill core. Of these ten holes, six were drilled at Plavica and four at Maricanski Rid, some 800m to the south of Plavica. Collar locations are shown in Table 1 and Figure 2. A number of both oxide and primary vuggy silica and sulphide-rich zones were intersected. Results are pending.

Drilling is ongoing with one core rig currently operating and a second rig planned to start later in the year. Genesis aims to complete a JORC compliant ‘Indicated’ Resource based on this drilling. Genesis then expects to complete a feasibility study before October 2017, and has agreed to commit up to US$7.5m for such activities.

A 30 year Exploitation Licence and Concession Agreement were granted to Silgen Resources International Ltd, an incorporated joint venture entity owned by Genesis and its Macedonian-based joint venture partner RIK Sileks AD Kratovo. Silgen is 62% owned by Genesis.

Mr Aaron McLeod was employed during the Quarter in the role of Chief Geologist for Genesis. Aaron has over 15 years’ experience and has worked with companies such as Newcrest, MMG and Troy Resources. He has worked in many highsulphidation epithermal gold systems before and has experience both in the region and in feasibility studies.

Genesis Resources Limited | Quarterly Activities Report | April 2015 – June 2015

Page 1

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Figure 1 (above) Location of the Plavica Gold-Copper-Silver Project, Republic of Macedonia.

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Figure 2 Location of Holes drilled, QTR 2 2015, Plavica Gold-Copper-Silver Project. Gauss Kruger Co-ordinate System.

Genesis Resources Limited | Quarterly Activities Report | April 2015 – June 2015

Page 2

Prospect	Hole ID	**Type **	**Final Depth(m) **	**Dip **	Azi Mag	East_GK	**North_GK **	RL_GK
Plavica	PNDD044	DD	350.2	-60	360	7598033	4656593	1244
Plavica	PNDD045	DD	203	-60	360	7597953	4656680	1245
Plavica	PNDD046	DD	410	-45	360	7597950	4656682	1245
Plavica	PNDD047	DD	266.1	-45	360	7597797	4656741	1226
Plavica	PNDD048	DD	193.1	-45	360	7597013	4657105	1191
Plavica	PNDD049	DD	195.3	-50	360	7596750	4656965	1130
Maricanski Rid	MRDD006	DD	219	-60	360	7597494	4656240	1208
Maricanski Rid	MRDD007	DD	202	-60	360	7597592	4656250	1202
Maricanski Rid	MRDD008	DD	343.3	-65	360	7597670	4656275	1201
Maricanski Rid	MRDD009	DD	350.7	-60	350	7597390	4656217.2	1190

Table 1 Details of Holes drilled, QTR 2 2015, Plavica Gold-Copper-Silver Project. Gauss Kruger Co-ordinate System.

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Figure 3 Location of Australian Projects.

AUSTRALIA

ARLTUNGA PROJECT: Copper, Gold, (GES 100%)

The Arltunga Gold Project consists of Exploration Licence EL25238 covering 95.2 sq km, is located approximately 110 km northeast of Alice Springs (Figure 3) in the vicinity of the Arltunga Goldfield. Thirty three historical gold mines and prospects are known in the licence area.

Genesis Resources Limited | Quarterly Activities Report | April 2015 – June 2015

Page 3

The Licence Renewal was approved on 6 February 2015 for a term of 2 years and will expire on 7 November 2016. All 31 sub-blocks were retained.

The 8[th] Annual Technical Report was submitted on the 2 December 2014. It was accepted as satisfactory on the 20 January 2015.

A Mining Management Plan (MMP) Update was lodged on 19 March 2015.

A CLC Sacred Site Clearance Certificate was issued on 19 September 2014.

Reconnaissance work was completed in August 2014. A number of the historic mining areas and several of the anomalies defined by aeromagnetic, gradient array and CSAMT data were field checked and mapped in more detail. A full review of all available data is currently underway, with the aim of defining targets for Reverse Circulation drilling in Q3 or Q4 2015.

No field work was carried out.

ALICE SPRINGS PROJECT: Copper, Gold, Iron (GES 100%)

The Alice Springs Project consists of Exploration Licence EL24817 covering 372.59 sq km, is located approximately 110155 km northeast from Alice Springs in the Northern Territory (Figure 3) .

A Licence Renewal Application was lodged on 1 April 2014. It was approved on the 13 October 2014 for a further term of 2 years and will expire on 17 April 2016. All 118 sub-blocks were retained.

Additional information for the application of a Mining Management Plan (MMP) was lodged on the 29 January 2015. The MMP was approved on the 13 March 2015, Authorisation no: 0840-01.

A CLC Sacred Site Clearance Certificate was issued on the 6 February 2015, Certificate no. C2014-38-B. This is valid for 24 months after the date of issue (6/02/2017).

The Expenditure Report was lodged on the 17 March 2015 to DME, it was accepted as satisfactory on the 18 March 2015.

The 9[th] Annual Technical Report was lodged on the 20 April 2015. It was accepted as satisfactory on the 1 May 2015.

Reconnaissance was completed during August 2014. The historic Camp Hill mining area and several previously defined zones of anomalous Cu-Au mineralisation including Corner Post Hill, Diana 2 to 8 and Diamond 2 were mapped in more detail.

No field work was carried out. In addition a full review of all available data is underway to define targets for RC drill testing during Q3 or Q4 2015.

GLADSTONE-MOUNT MILLER PROJECT: Manganese (GES 100%)

The Gladstone-Mount Miller Project consists of Exploration Licence (EPM15771) covering 63.93 sq km and Mining Lease Application (MLA80166) covering 32.24 Ha and is located approximately 15 km by road from the port of Gladstone on the east coast of central Queensland (Figure 3) .

The largest mine on the tenements controlled by Genesis was at Mount Miller. The mine opened in 1895 and operated intermittently until 1916 and then from 1958 to 1960. A total of 21,785 tonnes of ore was mined with a grade which ranged from 71% to 75% MnO2.

The Licence Renewal was approved on 7 May 2013 for a term of 5 years and will expire on 18 June 2017. All 21 subblocks were retained.

A brief site visit and reconnaissance was made of the Mt Miller Mine to determine access and locate previous drill collars during May 2014. A further field visit was completed during September 2014 in an attempt to locate and map several of the other historic manganese mining areas on the tenement.

No field work was carried out. A review of all available data is underway to confirm if more drilling is necessary at the Mt Miller mine and if other prospect areas on the tenement require drill testing during Q3 or Q4 2015.

Genesis Resources Limited | Quarterly Activities Report | April 2015 – June 2015

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PIONEER PROJECT: Gold (GES 100%)

The Pioneer Project consists of one granted Exploration Permit Mineral (EPM15619) covering 6.23 sq km approximately 70 km by road from Bundaberg via the Bruce Highway in Queensland (Figure 3) .

The project lies within the Gaeta Goldfield and has undergone previous exploration for gold, uranium and base metals, with numerous historical gold workings located throughout the area. Historical mining was primarily focused on the Pioneer Reef which was the largest producer, but mining activities also included several other reefs including Gympie, Lord Nelson, West Yorkshire and Happy Jack.

A Licence Renewal Application was lodged on 14 April 2014 requesting another two year period. The Application for renewal was approved on 15 May 2014 and the licence now expires on 2 August 2016.

As per the conditions of the exploration permit Genesis were required to relinquish 2 sub blocks from EPM 15619. Pursuant to section 793 of the Mineral Resources Act 1989 (MRA ), the relinquishment was accepted by the Department of Natural Resources and Mines Queensland on 22 August 2013. The tenement area has been reduced from 12.67 sq km to 6.23 sq km.

A brief site visit was undertaken in May 2014 to meet landowners and locate historic mine workings. A further 2 day field visit was made in September 2014 in an attempt to locate drill collars from the 1970 Queensland Department of Mines diamond drilling program.

No field work was carried out. A review of all available data is underway to compile all geological mapping and define targets for drill testing during Q3 or Q4 2015.

McARTHUR RIVER PROJECT: Manganese (GES 100%)

The McArthur River project consists of Exploration Licence EL24814 covering 380.88 sq km and is located approximately 850 km south east of Darwin in the Northern Territory and 450 km north-west of Mount Isa in Queensland (Figure 3) .

The project area contains the Masterton No2 manganese occurrence.

The Licence Renewal was approved on 13 October 2014 for a term of 2 years and will expire on 17 April 2016. All 116 sub-blocks were retained.

A Mine Management Plan (MMP) Update was submitted to the NT Government on 8 October 2014.

The Expenditure Report was lodged on 17 March 2015 with DME, it was accepted as satisfactory on 18 March 2015.

The 9[th] Annual Technical Report was lodged on 20 April 2015. It was accepted as satisfactory on 20 April 2015.

No field work was carried out. A full review of all data available is underway to guide further exploration on the tenement.

LAURA RIVER Au-Pt PROJECT: (EMP15242) (GES:100%)

The Laura River project consists of Exploration Licence EPM15242 covering 165.35 sq km is centered on the Cape York Peninsular township of Laura, 210km north-west of Cairns and 88km west of Cooktown in North Queensland (Figure 3) . The area is prospective for gold. Several historical alluvial workings are found in the vicinity of the Laura River and tributaries.

The Licence Renewal was approved on 11 March 2015 for a term of 2 years and will expire on 23 August 2016. All 50 sub-blocks were retained.

No field work was carried out.

Genesis Resources Limited | Quarterly Activities Report | April 2015 – June 2015

Page 5

FENN GAP Mn-Fe PROJECT: (EMP24839) (GES:100%)

The Fenn Gap project consists of one Exploration Licence EL24839 which covers a total area of 26.93 sq km, is located approximately 25 km south west of Alice Springs in the Northern Territory (Figure 3) . The project is 25 km from major infrastructure such as the Stuart Highway and Alice to Adelaide Railway.

A Licence Renewal Application requesting another two year period was approved on 23 December 2014. The new expiry date is 5 May 2016.

Genesis was issued with a Partial Cancellation Notice (Loss of Block Penalty) for Fenn Gap on 23 June 2014, requesting the relinquishment of 13 sub blocks. EL24839 now comprises of 14 sub blocks covering 26.93 sq km.

Two brief site visits were made during May and September 2014. Checks were made on the location of RC holes drilled during 2011 and geological mapping traverses were made across an area of high gravity response north of the known manganese - iron mineralization. Several representative rock samples were collected for specific gravity measurement as reference against results of the previous gravity survey.

The 7[th] Annual Technical Report was lodged on 1 June 2015 and accepted as satisfactory on 15 June 2015.

The expenditure report was lodged on 3 June 2015 and accepted as satisfactory on 4 June 2015.

No field work was carried out. A full review of existing data has been completed. A further, more detailed review of drilling data is underway to determine if drilling has adequately tested the known manganese mineralisation.

TENEMENTS AS AT 30 JUNE 2015

PROJECT TENEMENT NUMBER COMMODITY	PROJECT TENEMENT NUMBER COMMODITY	COMPANY’S BENEFICIAL INTEREST CURRENT AREA (KM2) CURRENT HOLDER COUNTRY/ STATE
	EL24817 Copper-Iron- Gold	100% 372.59 Genesis NT
Alice Springs
Arltunga	EL25238 Gold-PGE	100% 95.2 Genesis NT
	EL24839 Iron-Manganese	100% 26.93 Genesis NT
Fenn Gap
Laura River	EMP15242 Gold-PGE	100% 165.35 Genesis QLD
Pioneer	EPM15619 Gold EL24814 Manganese- Base Metals EPM15771 Manganese	100% 6.23 Genesis QLD
McArthur River		100% 380.88 Genesis NT
Gladstone		100% 63.93 Genesis QLD
Mt Miller	MLA80166 Manganese	100% 32.24 Ha Genesis QLD
Plavica & Crn Vrv	19-6648/1 Gold-Silver- Copper
		62% 17.41 Silgen Resources Macedonia

All tenements noted above are Exploration Licences except Plavica in Macedonia which is an Exploitation Licence.

Genesis Resources Limited | Quarterly Activities Report | April 2015 – June 2015

Page 6

CORPORATE UPDATES

Events during the Quarter

Board changes

On 26 June 2015, Mr Alex Lim resigned as Non-Executive Director of Genesis; and Messrs John Zee, Kinpo Yu and Zilong Dai were appointed Non-Executive Directors of Genesis.

Capital raising

During the Quarter, Genesis raised equity capital by way of share placements to finance the Company’s ongoing drilling and exploration programs at its Plavica Project and in Australia, and for general working capital requirements.

Genesis undertook the following share placements during the Quarter to raise funds:

1. 6,261,222 shares issued at $0.08 per share on 2 June 2015 to raise $500,897;

2. 3,928,571 shares issued at $0.07 per share on 17 June 2015 to raise $275,000; and

3. 36,000,000 shares issued at $0.06 per share on 26 June 2015 to raise $2,160,000.

Events subsequent

Nil

Securities on issue as at 30 June 2015:

CLASS OF SECURITIES	NO. OF SECURITIES ON ISSUE
Fully paid ordinary shares 300,743,205
Board and Management as at 30 June 2015 Mr Eddie Pang Executive Chairman Mr Deric Wee Non-Executive Director Mr John Zee Non-Executive Director Mr Kinpo Yu Non-Executive Director Mr Zilong Dai Non-Executive Director Ms Sophie Karzis Company Secretary Ms Patricia Wong Chief Financial Officer Mr James Patterson Exploration Manager

COMPETENT PERSON

The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by James Patterson, a Competent Person who is a Member of the Australian Institute of Geoscientists. James Patterson is a full-time employee of Genesis. James Patterson has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. James Patterson consents to the inclusion in the report of the matters based on his information in the form and context of which it appears.

-ENDS

Genesis Resources Limited | Quarterly Activities Report | April 2015 – June 2015

Page 7

About Genesis Resources Limited

Genesis Resources Limited is an Australian company with a portfolio of quality gold, iron, manganese, uranium and base metal (copper-zinc-silver) in the highly prospective Proterozoic and Phanerozoic metallogenic provinces of northern and central Australia.

Genesis has signed a Joint Venture over an advanced copper-gold project (Plavica) within the Former Yugoslav Republic of Macedonia. The Plavica Project lies within Carpathian Volcanic Arc, a major epithermal province running through Eastern Europe, which is highly prospective for gold, copper and silver mineralisation.

Genesis’ projects are close to established infrastructure including railways, shipping ports, highways, power stations and populated areas.

The Company’s objective is to provide rapid capital growth through mineral discoveries and development of economic deposits in Australia and overseas.

For more information please visit the Company’s website at: www.genesisresourcesltd.com.au

Genesis Resources Limited | Quarterly Activities Report | April 2015 – June 2015

Page 8

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Rule 5.5

Appendix 5B

Mining exploration entity and oil and gas 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, 01/05/2013

Name of entity

Name of entity
GENESIS RESOURCES LIMITED
ABN 22 114 787 469	Quarter ended (“current quarter”)
22 114 787 469	30 June 2015

Consolidated statement of cash flows

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 (provide details if material) Net Operating Cash Flows	Current quarter $A’000	Year to date (12 months) $A’000
	(65) - - (581) - - - (11) -	(849) - - (2,129) - - - (41) -
	(657)	(3,019)
Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets (d) other non current assets 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets (d) other non current assets 1.10 Loans to other entities 1.11 Loans repaid by other entities 1.12 Other (provide details if material) Net investing cash flows 1.13 Total operating and investing cash flows (carriedforward)	- - (8) - - - - - - - -	- - (9) (19) - - - - - - -
	(8)	(28)
	(665)	(3,047)

• See chapter 19 for defined terms.

01/05/2013 Appendix 5B Page 1

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

1.13 Total operating and investing cash flows (broughtforward)	(665)	(3,047)
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 Unallocated shares application fund 1.20 Transaction costs Net financing cash flows	2,690 - 100 (101) - - (179)	3,933 - 675 (101) - 246 (179)
	2,510	4,574
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	1,845 194 (4)	1,527 543 (35)
	2,035	2,035

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

1.23 1.24	1.23 1.24	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
			-
			-
1.25 Explanation necessaryforanunderstanding ofthe transactions None 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 None 2.2 Details of outlays made by other entities to establish or increase their share in projects in whichthereporting entityhas an interest None		Explanation necessaryforanunderstanding ofthe transactions
		None
	None
	Details of outlays made by other entities to establish or increase their share in projects in whichthereporting entityhas an interest
	None

• See chapter 19 for defined terms.

Appendix 5B Page 2

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1 Loan facilities (refer to (i) and (iii) below) 3.2 Credit standby arrangements	Amount available $A’000	Amount used $A’000
	7,375	2,975
	-	-

• (i) In September 2013, the Company entered into a loan agreement with an unrelated Malaysian based financing company pursuant to which the financing company made available a loan facility to the Company, with a $3 million facility limit ( First Loan Facility ). In April 2014, the parties reached an agreement to increase the First Loan Facility limit from $3 million to $7 million on the same terms and conditions provided for in the existing loan agreement. Total funds of $4.4 million remain available for draw down by Genesis under the First Loan Facility.

• (ii) In February 2015, the Company entered into a loan agreement with an unrelated Malaysian based financing company under which the financing company made available a loan facility to the Company, with a USD$300,000 (AUD$375,000) facility limit.

Estimated cash outflows for next quarter

4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration	$A’000
	409
	-
	-
	316
Total	725

(iii) Whilst the Company expects that its estimated cash flows will exceed its cash currently at hand, the Company has access to the loan facilities as detailed above.

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to therelateditemsinthe accountsis asfollows.	Current quarter $A’000	Previous quarter $A’000
5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (Term deposit – bank guarantee)	2,035	194
	-	-
	-	-
	98	98
Total:cash at end of quarter (item 1.22)	2,133	**292 **

• See chapter 19 for defined terms.

01/05/2013 Appendix 5B Page 3

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Changes in interests in mining tenements and petroleum tenements

6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements and petroleum tenements acquired or increased	Tenement reference and location	Nature of interest (note (2)	Interest at beginning of quarter	Interest at end of quarter
	-	-	-	-
	-	-	-	-

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	300,743,205	300,743,205	Fully paid	Fully paid

• See chapter 19 for defined terms.

Appendix 5B Page 4

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs	i) Genesis issued a total of 6,261,222 ordinary shares during the quarter under a placement on 2 June 2015. ii) Genesis issued a total of 3,928,571 ordinary shares during the quarter under a placement on 17 June 2015. iii) Genesis issued a total of 36,000,000 ordinary shares during the quarter under a placement on 26 June 2015.	-	i) 6,261,222 shares were issued at $0.08 per share under a placement on 2 June 2015. ii) 3,928,571 shares were issued at $0.07 per share under a placement on 17 June 2015. iii) 36,000,000 shares were issued at $0.06 per share under a placement on 26 June 2015	i) The 6,261,222 shares issued on 2 June 2015 are fully paid up at $0.08 per share ii) The 3,928,571 shares issued on 17 June 2015 are fully paid up at $0.07 per share ii) The 36,000,000 shares issued on 26 June 2015 are fully paid up at $0.06 per share
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	-	-	-	-
	-	-	-	-
	-	‐	-	-
	-	-	-	-

• See chapter 19 for defined terms.

01/05/2013 Appendix 5B Page 5

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

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 5).

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

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Eddie Pang Executive Chairman 29 July 2015

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 and petroleum 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 or petroleum 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.

Appendix 5B Page 6

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