IODM LIMITED — Interim / Quarterly Report 2012

Apr 26, 2012

Appendix 5B Mining exploration entity quarterly report – March 2012

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001, 01/06/10.

Name of entity

PARADIGM METALS LIMITED

	ABN28 102 747 133Consolidated statement of cash flows	ABN28 102 747 133Consolidated statement of cash flows	Quarter ended (“current quarter”)31 March 2012	Quarter ended (“current quarter”)31 March 2012
			31 March 2012
Cash flows related to operating activities1.1Receipts from product sales and relateddebtors1.2Payments for (a) exploration & evaluation(b) development(c) production(d) administration1.3Dividends received1.4Interest and other items of a similar naturereceived1.5Interest and other costs of finance paid1.6Income taxes paid / GST refund1.7Other (provide details if material)Net Operating Cash Flows		Current quarter$A’000		Year to date( 9 Months )$A’000
		1(42)(94)34		2(307)(277)3138(97)
		(128)		(610)
Cash flows related to investing activities1.8Payment for purchases of: (a) prospects(b) equity investments(c) other fixed assets1.9Proceeds from sale of:(a) prospects(b) equity investments(c) other fixed assets1.10Loans to other entities1.11Loans repaid by other entities1.12Other (provide details if material)Net investing cash flows1.13Total operating and investing cash flows(carried forward)
		(128)		(610)

• See chapter 19 for defined terms.

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Mining exploration entity quarterly report – March 2012

Appendix 5B

1.13	Total operating and investing cash flows
	(brought forward)	(128)	(610)
	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)
	Net financing cash flows
	Net increase (decrease) in cash held	(128)	(610)
1.20	Cash at beginning of quarter/year to date	486	968
1.21	Exchange rate adjustments to item 1.20
1.22	Cash at end ofquarter	358	358

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
	$A'000
Aggregate amount of payments to the parties included in item 1.2	36
Aggregate amount of loans to the parties included in item 1.10

1.23 Aggregate amount of payments to the parties included in item 1.2 1.24 Aggregate amount of loans to the parties included in item 1.10

• 1.25 Explanation necessary for an understanding of the transactions

Directors’ Fees - $36,300

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

• 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

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report – March 2012

Financing facilities available

Add notes as necessary for an understanding of the position.

Amount available Amount used $A’000 $A’000

3.1 Loan facilities 3.2 Credit standby arrangements

Estimated cash outflows for next quarter

• 4.1 Exploration and evaluation

$A’000 50

• 4.2 Development

• 4.3 Production

• 4.4 Administration

Total

55 105

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the quarter (asshown 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
5.1Cash on hand and at bank5.2Deposits at call5.3Bank overdraft5.4Other (provide details)	42	46
	316	440
Total: cash at end of quarter(item 1.22)	358	486

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report – March 2012

Changes in interests in mining tenements

6.1Interests in miningtenements relinquished,reduced or lapsed6.2Interests in miningtenements acquired orincreased	Tenementreference	Nature of interest(note (2))	Interest atbeginningofquarter	Interest atend ofquarter
	EL 7443“Temora”	Held by Paradigm NSWPty Ltd	100%	0%

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report – March 2012

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.

7.1Preference+securities(description)7.2Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough returnsof capital, buy-backs,redemptions7.3+Ordinarysecurities7.4Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough returnsof capital, buy-backs7.5+Convertibledebtsecurities(description)7.6Changes duringquarter(a) Increasesthrough issues(b) Decreasesthroughsecuritiesmatured,converted7.7Options(description andconversionfactor)7.8Issued duringquarter7.9Exercisedduring quarter7.10Expired duringquarter	Total number	Numberquoted	Issue price persecurity (seenote3) (cents)	Issue price persecurity (seenote3) (cents)	Amount paid up persecurity (see note 3)(cents)	Amount paid up persecurity (see note 3)(cents)
	148,881,492	148,881,492
	22,110,294unlisted options2,000,000unlisted options			Exercise price$0.10$0.20		Expiry date30 November 20127 May 2013

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report – March 2012

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 4).

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

==> picture [120 x 37] intentionally omitted <==

Sign here: ________________________ Date: 27 April 2012 (Director)

Print name: Mr Stephen J Lonergan

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 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.

== == == == ==

• See chapter 19 for defined terms.

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