IMAGE RESOURCES NL — Interim / Quarterly Report 2012

Jul 30, 2012

MINING EXPLORATION ENTITY QUARTERLY REPORT APPENDIX 5B

Name of entity:

IMAGE RESOURCES NL ABN: Quarter ended (“current quarter”) 57 063 977 579 30/6/2012 Consolidated statement of cash flows Current quarter $AUD’000 Year to date (12 months) $AUD’000 Cash flows related to operating activities 1.1 Receipts from product sales, related debtors, GST Credits 50 243 1.2 Payments for: (a) exploration and evaluation (1,027) (2,958) (b) development (c) production (d) administration (370) (1,111) 1.3 Dividends received 1.4 Interest and other items of a similar nature received 20 87 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 (1,327) (3,739)	IMAGE RESOURCES NL	IMAGE RESOURCES NL	IMAGE RESOURCES NL	IMAGE RESOURCES NL
			Quarter ended (“current quarter”)
			30/6/2012
		Current quarter $AUD’000		Year to date (12 months) $AUD’000
		50 (1,027) (370) 20		243 (2,958) (1,111) 87
		(1,327)		(3,739)
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 advanced by/repaid to other entities 1.12 Other (Loan repayments to associated company) Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)		40 (4) -		(181) (5) 57
		36		(129)
		(1,291)		(3,868)

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1.13 Total operating and investing cash flows (brought forward)	(1,291)	(3,868)
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 Other (provide details if material) – Share issue expenses Net financing cash flows	- (27)	1,865 (85)
	(27)	1,780
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	(1,318) 2,183	(2,088) 2,953
	865	865

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	56
1.24	Aggregate amount of loans to the parties included in item 1.10
1.25	Explanation necessary for an understanding of 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

• 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

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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 Production 4.4 Administration	$AUD’000
	469
	801
	222
Total (Note: Capital raising subsequent to month end - $1,891K)	1,492

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	18	153
	847	2,030
Total: cash at end of quarter(item 1.22)	865	2,183

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 of quarter	Interest at end of quarter
E28/1496 E70/3339 P70/1502 E28/1656	Relinquished Relinquished Relinquished Relinquished	100% 100% 100% 100%	0% 0% 0% 0%
E28/2148 E46/938 E70/4129 E70/4130 E70/4306	Granted Granted Granted Granted Granted	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 Fully paid 7.4 Issued during quarter
	100,184,817	100,184,817
	N/A
7.5 Convertible debt securities 7.6 Issued during quarter	N/A
7.7 Options 7.8 Issued during quarter(to PJ Davies) 7.9 Exercised during quarter 7.10 Expired during quarter			Exerciseprice	Expiry date
	2,200,000	NotQuoted	$2.12	20.11.2012
	2,345,000	NotQuoted	$1.1162	18.12.2014
	95,000	NotQuoted	$0.6995	21.12.2015
	2,600,000	NotQuoted	$0.3908	27.12.2016
	1,250,000	NotQuoted	$0.50	1.6.2015
	1,250,000	NotQuoted	$0.70	1.6.2016
	1,250,000	NotQuoted	$1.00	1.6.2016
	1,250,000 1,250,000 1,250,000	Not Quoted Not Quoted NotQuoted	$0.50 $0.70 $1.00	1.6.2015 1.6.2016 1.6.2016
	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.

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Rudolf Tieleman

Company Secretary Date: 31 July 2012

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