LEGEND MINING LIMITED — Interim / Quarterly Report 2012

Oct 25, 2012

Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

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

Name of entity

Legend Mining Limited

ABN 22 060 966 145	Quarter ended (“current quarter”)
22 060 966 145	30 September 2012

Consolidated statement of cash flows

Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature received 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	Current quarter $A’000	Year to date (9 months) $A’000
	1 (1,611) - - (491) - 145 - - -	207 (4,723) - - (1,649) - 452 (20) - -
	(1,956)	(5,733)
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)  Dividends received  Refund of performance bonds Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)	- (1,875) (16) - 2,034 - - - - -	- (1,875) (547) 7,750 2,034 45 - - 12 1,389
	143	8,808
	(1,813)	3,075

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

1.13 Total operating and investing cash flows (brought forward)	(1,813)	3,075
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 transaction costs Net financing cash flows	- - - - - -	(71) - - - - (11)
	-	(82)
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	(1,813) 13,175 95	2,993 8,424 40
	11,457 *	11,457 *

• Excludes value of listed investments of $3,720,000

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

1.23 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	Current quarter $A'000
	169
	-

1.25	Explanation necessaryfor an understandingof the transactions
	Item 1.23 includes aggregate amounts paid to directors including salary, directors’ fees, consulting
	fees and superannuation.

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

Add notes as necessary for an understanding of the position.

Financing facilities available Add notes as necessary for an understanding of the position.
3.1 Loan facilities 3.2 Credit standbyarrangements	Amount available $A’000	Amount used $A’000
	Nil	Nil
	Nil	Nil

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

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	$A’000
	2,000
	-
	-
	500
Total	2,500

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 $A’000	Previous quarter $A’000
5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (provide details)	1,457	3,175
	10,000	10,000
	-	-
	-	-
Total: cash at end of quarter(item 1.22)	11,457	13,175
Shares held in Artemis Resources Limited, Nemex Resources Limited, Pilbara Minerals Limited and Sirius Resources NL at cost	3,720	3,939
Total: cash, security deposits and other liquid assets held at cost at end of quarter	15,177	17,114

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 (note (2))	Interest at beginning of quarter	Interest at end of quarter

• 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	Number quoted	Issue price per security (see note 3) (cents)	Amount paid up per security (see note 3) (cents)
7.1 Preference +securities(descri ption) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs, redemptions
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital,buy-backs	1,990,350,801	1,990,350,801
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted
7.7 Options(descripti on and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired/cancelled during quarter	9,000,000 800,000,000 191,250,000 199,750,000 14,400,000 30,000,000	- - - - - -	Exercise price 5.3 cents Nil 4.0 cents 4.0 cents 5.0 cents 6.0 cents	Expiry date 16 December 2014 4 February 2015 4 February 2015 4 February 2015 4 February 2015 21 December 2015
7.11 Debentures (totals only)
7.12 Unsecured 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 h a s been pre p ared under a ccounting p o licies whic h comply wi t h acc o unting stan d ards as defi n ed in the C o rporations A ct or other s tandards ac c eptable to ASX (see not e 5).

• 2 This statement d o es / ~~does not~~ * (delete o n e) give a true and fair vi e w of the m a tters disc l osed.

S i gn here:

==> picture [32 x 61] intentionally omitted <==

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==> picture [55 x 61] intentionally omitted <==

Date: 2 6 October 2 0 12 (Company secretar y )

P r int name: Dennis Wilkins

Notes

1 The quarterly re p ort provide s a basis for i nforming t h e market ho w the entity’s acti v ities have b e en finance d for the past quarter and the effect o n its cash po s ition. An e ntity wanti n g to disclos e additional i nformation i s encourag e d to do so, i n a note or n o tes attache d to this repo r t.

2 The “Nature of i n terest” (ite m s 6.1 and 6.2) includes options in r e spect of int e rests in min i ng tenemen t s acquired, e xercised or lapsed during the report i ng period. I f the enti t y is involve d in a joint v e nture agreement and th e re are cond i tions prece d ent whi c h will chan g e its percen t age interest in a mining tenement, it should disc l ose the cha n ge of perce n tage interes t and conditions precede n t in the list r equired for items 6.1 a nd 6.2.

3 Issued and quoted securities The issue price and a m ount paid u p is not req u ired in ite m s 7.1 and 7. 3 for fully p a id securities .

• 4 The definitions i n , and provi s ions of, AA S B 6: Explo r ation for an d Evaluatio n of Min e ral Resour c es and AAS B 107: State m ent of Cas h Flows appl y to this rep o rt.

• 5 Accounting Standards AS X will accept, for exampl e , the use of Internation a l Fin a ncial Repor t ing Standar d s for foreig n entities. If the standar d s used do n o t add r ess a topic, t he Australi a n standard o n that topic ( if any) mus t be complied with.

== == == = = ==

• S ee chapter 19 for defined ter m s.

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