HAWSONS IRON LTD — Interim / Quarterly Report 2009

Apr 21, 2009

Appendix 5B

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Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98.

1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.20 1.21 1.22	Name of entity	Quarter ended (“currentquarter”)
	Carpentaria Exploration Limited
	ACN or ABN
	63 095 117981	31-Mar-09
	Consolidated statement of cash flows
	Cash flows related to operating activities Receipts fromproduct sales and related debtors	Current quarter $A’000	Year to date (9 months) $A’000
		-	-
	Payments for
	(a)exploration and evaluation	-349	- 1,355
	(b) development (c) production
	(d)administration	- 162	- 470
	Dividends received
	Interest and other items of a similar nature received	13	45
	Interest and other costs of finance paid Income taxes paid Other	-
	Net Operating Cash Flows	- 498	- 1,780
	Cash flows related to investing activities Payment for purchases of: (a)prospects (b)equityinvestments
	(c)other fixed assets	-	- 25
	Proceeds from sale of: (a)prospects (b)equity investments (c)other fixed assets Loans to other entities Loans repaid by other entities Other
	Net investing cash flows	-	- 25
	Total operatingand investingcash flows(carried forward)	- 498	- 1,805
	Total operatingand investingcash flows(brought forward)	- 498	- 1,805
	Cash flows related to financing activities
	Proceeds from issues of shares,options,etc.	-	3
	Proceeds from sale of forfeited shares
	Proceeds from borrowings	-	-
	Repayment of borrowings Dividendspaid	-	-
	Other – capital raisingcosts	-	- 36
	Net financing cash flows	-	- 33
	Net increase(decrease) in cash held	- 498	- 1,838
	Cash at beginningofquarter/year to date	4,246	5,586
	Exchange rate adjustments to item 1.20
	Cash at end ofquarter	3,748	3,748

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

1.23 1.24		Current quarter $A'000
	Aggregate amount ofpayments to theparties included in item 1.2	51
	Aggregate amount of loans to theparties included in item 1.10	-

• 1.25 Explanation necessary for an understanding of the transactions

Item 1.23 relates to Directors Remuneration, Fees and Superannuation Contributions.

Non-cash financing and investing activities

• Details of financing and investing transactions which have had a material effect on

• 2.1 consolidated assets and liabilities but did not involve cash flows

• Details of outlays made by other entities to establish or increase their share in projects in

• 2.2 which the reporting entity has an interest

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1 3.2 4.1 4.2 5.1 5.2 5.3 5.4		Amount available $A’000	Amount used $A’000
	Loan facilities	-	-
	Credit standby arrangements	-	-
	Estimated cash outflows for next quarter	$A’000
	Exploration and evaluation	232
	Development	0
		Total 232
	Reconciliation of cash
	Reconciliation of cash at the end of the quarter (as shown 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
	Cash on hand and at bank	32	66
	Deposits at call Bank overdraft Other(provide details)	3,716	4180
		.
	Total: cash at end of quarter(item 1.22)	3,748	4,246

Changes in interests in mining tenements

Interests in mining tenements relinquished, reduced or lapsed

• 6.2 Interests in mining tenements acquired or increased

Nature of interest (note (2))	Interest at beginning of quarter

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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.

7.1 7.2 7.3 7.4 7.5 7.6 7.7 7.8 7.9 7.10 7.11 7.12		Number quoted	Issue price per security (see note 3) (cents)
	Preference +securities (description) Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions
	+Ordinary securities Quoted	55,178,410
	Options Quoted (Exercisable on 30 June 2010)	21,447,415 14,821,590	0.25
	+Ordinary securities Un-Quoted(restricted) Changes during quarter
	(a) Increases through issues
	(b) Decreases through returns of capital, buy-backs
	+Convertible debt securities(description) Changes during quarter (a) Increases through issues (b) Exercise of Options
	Options (description and conversion factor) Issued during quarter Exercised during quarter Expired during quarter	Number	Exercise price Expiry date
		3,700,000	0.30 30-Jun-10
		500,000	0.27 30-Jun-10
		800,000	0.15 30-Jun-10
	Debentures (totals only)	-
	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 Law or other standards acceptable to ASX (see note 4).

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

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_______ Company Secretary Chris Powell

22/04/2009

• 1 This 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.

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• 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.