IMAGE RESOURCES NL — Interim / Quarterly Report 2010

Jul 29, 2010

MINING EXPLORATION ENTITY QUARTERLY REPORT

APPENDIX 5B

Name of entity:

Image Resources NL

Quarter ended (“current quarter”)

ABN: Quarter ended (“current quarter”) 57 063 977 579 30/6/2010 Consolidated statement of cash flows Cash flows related to operating activities Current quarter $AUD’000 Year to date (12 months) $AUD’000 1.1 Receipts from product sales and related debtors 54 378 1.2 Payments for: (a) exploration and evaluation (b) development (c) production (d) administration (601) 96 (2,066) (865) 1.3 Dividends received 1.4 Interest and other items of a similar nature received 65 261 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 (386) (2,292)	ABN: Quarter ended (“current quarter”) 57 063 977 579 30/6/2010 Consolidated statement of cash flows Cash flows related to operating activities Current quarter $AUD’000 Year to date (12 months) $AUD’000 1.1 Receipts from product sales and related debtors 54 378 1.2 Payments for: (a) exploration and evaluation (b) development (c) production (d) administration (601) 96 (2,066) (865) 1.3 Dividends received 1.4 Interest and other items of a similar nature received 65 261 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 (386) (2,292)	Quarter ended (“current quarter”) 30/6/2010	Quarter ended (“current quarter”) 30/6/2010
		30/6/2010
	Current quarter $AUD’000		Year to date (12 months) $AUD’000
	54 (601) 96 65		378 (2,066) (865) 261
	(386)		(2,292)
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 (provide details if material) Net investing cash flows 1.13 Total operating and investing cash flows (carriedforward)	(26) (180) (7) - -		(33) (787) (43) 302 2
	(213)		(559)
	(599)		(2,851)

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1.13 Total operating and investing cash flows
(599) (2,851)
(brought forward)
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, - 474
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 - share issue costs
Net financing cash flows - 474
Net increase (decrease) in cash held (599) (2,377)
1.20 Cash at beginning of quarter/year to date 4,640 6,418
1.21 Exchange rate adjustments to item 1.20
1.22 Cash at end of quarter 4,041 4,041
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
$AUD'000
1.23 Aggregate amount of payments to the parties included in item 1.2 53
1.24 Aggregate amount of loans to the parties included in item 1.10 -
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 and liabilities but did not involve cash flows
N/A
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
N/A
Financing facilities available
Amount available Amount used
$AUD’000 $AUD’000
3.1 Loan facilities - -
3.2 Credit standby arrangements - -
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Estimated cash outflows for next quarter

Estimated cash outflows for next quarter
4.1 Exploration and evaluation 4.2 Development 4.3 Administration	$AUD’000
	600
	250
Total	850

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 the related items in the accounts is as follows.	Current quarter $AUD’000	Previous quarter $AUD’000
5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (provide details) – Short Term Deposits	583	811
	3,458	3,829
Total: cash at end of quarter(item 1.22)	4,041	4,640

Changes in interests in mining tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased	Tenement reference	Nature of interest	Interest at beginning ofquarter	Interest at end of quarter
	E70/3093	Relinquished	100%	0%
	E28/2071 E28/2072 E70/3885 E70/3889 E70/3892 E70/3893 E70/3894 E70/3895 P70/1594 P70/1595 E28/1926 E70/3100 E70/3339 E70/3359	Application Application Application Application Application Application Application Application Application Application Granted Granted Granted Granted	0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 100% 100% 100% 100%	100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

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Issued and quoted securities at end of current quarter

	Total number	Number quoted	Issue price per security (cents)	Amount paid up per security (cents)
7.1 Preference securities 7.2 Issued during quarter	N/A
7.3 Ordinary securities 7.4 Issued during quarter	86,313,958	86,313,958
	Nil
7.5 Convertible debt securities 7.6 Issued during quarter	N/A
	N/A
7.7 Options 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter	2,000,000 2,500,000 2,200,000 2,500,000 2,345,000 1,000,000	Not Quoted Not Quoted Not Quoted Not Quoted Not Quoted Not Quoted	Exercise price $0.37 $1.80 $2.12 $1.50 $1.12 $2.38	Expiry date 21.11.2010 16.11.2011 20.11.2012 19.11.2011 18.12.2014 26.3.2012
	195,000	Not Quoted	$1.12	18.12.2014
	Nil
	Nil
7.11 Debentures	N/A
7.12 Unsecured notes	N/A

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.

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

Rudolf Tieleman Company Secretary Date: 30 July 2010

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