IMAGE RESOURCES NL — Regulatory Filings 2012

Apr 29, 2012

MINING EXPLORATION ENTITY QUARTERLY REPORT APPENDIX 5B

MINING EXPLORATION ENTITY QUARTERLY REPORT APPENDIX 5B	MINING EXPLORATION ENTITY QUARTERLY REPORT APPENDIX 5B	MINING EXPLORATION ENTITY QUARTERLY REPORT APPENDIX 5B	MINING EXPLORATION ENTITY QUARTERLY REPORT APPENDIX 5B	MINING EXPLORATION ENTITY QUARTERLY REPORT APPENDIX 5B
Name of entity: IMAGE RESOURCES NL ABN: Quarter ended (“current quarter”) 57 063 977 579 31/3/2012 Consolidated statement of cash flows Current quarter $AUD’000 Year to date (9 months) $AUD’000 Cash flows related to operating activities 1.1 Receipts from product sales, related debtors, GST Credits 72 193 1.2 Payments for: (a) exploration and evaluation (643) (1,931) (b) development (c) production (d) administration (303) (741) 1.3 Dividends received 1.4 Interest and other items of a similar nature received 18 67 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 (856) (2,412)	Name of entity:
	IMAGE RESOURCES NL
			Quarter ended (“current quarter”)
			31/3/2012
		Current quarter $AUD’000		Year to date (9 months) $AUD’000
		72 (643) (303) 18		193 (1,931) (741) 67
		(856)		(2,412)
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)		(215) - -		(221) (1) 57
		(215)		(165)
		(1,071)		(2,577)

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1.13 Total operating and investing cash flows (brought forward)	(1,071)	(2,577)
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	1,865 (58)	1,865 (58)
	1,807	1,807
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	736 1,447	(770) 2,953
	2,183	2,183

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	78
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

		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
	500
	150
Total	650

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	153	218
	2,030	1,229
Total: cash at end of quarter(item 1.22)	2,183	1,447

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
E70/2845	Relinquished	100%	0%
E70/4310 E77/2049 E70/4306 M70/1305 E69/2826 E69/2827 E69/2828 E70/4176	Application Application Application Application Granted Granted Granted Granted	0% 0% 0% 0% 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 Fully paid 7.4 Issued during quarter
	100,184,817	100,184,817
	5,395,858 1,000,000	5,395,858 1,000,000	$0.35 Part consideration for acquisition of mineral tenements	$0.35
7.5 Convertible debt securities 7.6 Issued during quarter	N/A
7.7 Options 7.8 Issued during quarter 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
	Nil
	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: 30 April 2012

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