KING RIVER RESOURCES LIMITED — Interim / Quarterly Report 2013

Jan 29, 2014

Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 1/7/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/2001, 01/06/10, 17,12,10

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----- Start of picture text ----- Name of entityKING RIVER COPPER LIMITEDACN Quarter ended (“current quarter”) 100 714 181 31 DECEMBER 2013Consolidated statement of cash flowsCurrent quarter Year to dateCash flows related to operating activities $A’000 (12 months)$A’0001.1 Receipts from product sales and related debtors1.2 Payments for (a) exploration & evaluation (524) (1,410)(b) development(c) production(d) administration- Directors Fees (47)- Occupancy, Admin & Acct (29)- Occasional Transactions (59)- Other (18)(153) (1,079)TOTAL (153)1.3 Dividends received1.4 Interest and other items of a similar nature received 5 211.5 Interest and other costs of finance paid1.6 Income taxes paid1.7 Other – R & D Rebate 2012 - 1,460Net Operating Cash Flows (672) (1,008)Cash flows related to investing activities1.8 Payment for purchases of: (a) prospects(b) equity investments(c) other fixed assets1.9 Proceeds from sale of: (a) prospects(b) equity investments(c) other fixed assets1.10 Loans to other entities1.11 Loans repaid by other entities1.12 Other (provide details if material)Net investing cash flows - -1.13 Total operating and investing cash flows (carriedforward) (672) (1,008)----- End of picture text -----

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

1.13Total operating and investing cash flows (broughtforward)	(672)	(1,008)
Cash flows related to financing activities1.14Proceeds from issues of shares, options, etc.1.15Proceeds from sale of forfeited shares1.16Proceeds from borrowings1.17Repayment of borrowings1.18Dividends paid1.191.20Other – Capital Raising CostsOther – Share Buy BackNet financing cash flows	---	1,053(16)(288)
	-	749
Net increase (decrease) in cash held1.21Cash at beginning of quarter/year to date1.22Exchange rate adjustments to item 1.211.23Cash at end of quarter	(672)1,340-	(259)927-
	668	668

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

1.21.2	Aggregate amount of payments to the parties included in item 1.2Aggregate amount of loans to the parties included in item 1.10	Current quarter$A'000
		63
1.2	Explanation necessary for an understanding of the transactions
	Directors RemunerationOccupancy, Administration and Accounting Charges	$’0004221

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

Not Applicable

• 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

Not Applicable

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1Loan facilities3.2Credit standby arrangements	Amount available$A’000	Amount used$A’000
	-	-
	-	-

Estimated cash outflows for next quarter

Estimated cash outflows for next quarter
4.1Exploration and evaluation4.2Development4.3Production4.4Administration-Directors Fees-Occupancy, Admin and Accounting-Occasional Transactions-Other	$A’000
	223
	-
	-
	43332010
Total	329

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the quarter (asshown in the consolidated statement of cash flows) tothe 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 – Term Deposits supporting BankGuarantees	601	1,274
	-	-
	-	-
	67	66
Total: cash at end of quarter(item 1.22)	668	1,340

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 atbeginning ofquarter	Interest atend ofquarter
	Nil
	ELA80/4829ELA80/4830ELA80/4831ELA80/4832	Applications	0%	100%

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

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.

					Total number	Total number	Numberquoted	Numberquoted	Issue price persecurity (seenote 3) (cents)	Issue price persecurity (seenote 3) (cents)	Amount paid up persecurity (see note 3)(cents)	Amount paid up persecurity (see note 3)(cents)	Amount paid up persecurity (see note 3)(cents)	Amount paid up persecurity (see note 3)(cents)
		7.1Preference+securities7.2Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough returns ofcapital, buy-			-		-
					-		-
		backs,redemptions
		7.3+Ordinary			138,648,171		138,64	8,171
		securities
		7.4Changes durinquarter		g
		(a) Increases
		through issue(b) Decreases		s
		through return		s of
		capital,buy-b		acks
		**+ **
		7.5Convertibledebt securities7.6Changes duringquarter(a) Increasesthrough issues(b) Decreases			-		-
					-		-
		through secmatured,converted	urities
		7.7Options							Ex	ercise price	Expiry da		te
		(descriptionconversion	andactor)		1,000,000750000				3724	centscents	30.06.201300620		44
					,1,950,000				55	cents	..31.12.201		4
		7.8Issued duringquarter7.9Exercised duringquarter7.10Expired duringquarter7.11Cancelled duringquarter			4,250,0001,250,00060,689,458		60,689,458		10 cents10 cents20 cents		30.06.201530.11.201730.06.2015
		7.12Debentures (totals only)			-		-
		7.13Unsecured notes(totals only)			-		-

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

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 5).

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

Sign here: (Company Secretary)

Date: 30[th] January 2014

Print name: Greg MacMillan

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 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.

• 5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting 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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