MAGONTEC LIMITED — Annual Report 2009

Jul 16, 2009

APPENDIX 4E

Preliminary Final Report For the financial year ended 30 June 2009

Advanced Magnesium Limited ABN 51 010 441 666

Current reporting period: 30 June 2009 Previous corresponding period: 30 June 2008

Contents

ItemNumber	Description
1234	Results for announcement to the marketCommentary on results for the yearNet tangible assets per shareInformation on Audit or ReviewExecutive Chairman’s MessageCorporate Governance StatementDirectors’ Report (including Remuneration Report)Independent Audit DeclarationFinancial Statements and Notes to the FinancialStatementsDirectors’ DeclarationIndependent Audit ReportShareholder InformationAs per 2009Annual Reportlodgedsimultaneouslywith thisAppendix

This Preliminary Final Report is provided to the Australian Stock Exchange under ASX Listing Rule 4.3A

(i)

Appendix 4E Advanced Magnesium Limited

Results for announcement to the market

1 Revenue and net profit

		Percentage		Amount
		change		$
Revenue from ordinary activities	Up	2.20%	to	174,176
Loss from continuing activities after tax	Down	29.49%	to	(2,812,797)
attributable to members
Net loss for the period attributable to	Down	29.49%	to	(2,812,797)
members

Dividends

		Amount per	Franked amount per
		security	security
Final dividend		Nil	Nil
Previous corresponding period		Nil	Nil
Record date			n/a

2 Commentary on results for the year

Revenue

Revenue from operations this year mainly derived from metals handling (AM-converter royalties and AM-cover license fees) and AM-lite sales (refer Note 21 in the company’s 2009 Annual Report).

(ii)

Appendix 4E Advanced Magnesium Limited

2 Commentary on results for the year (cont’d)

Results

The net loss for the 2009 year was reduced by $1,176,389 (29.49%) due to the continuing focus on reducing operating expenditure. The operating expenses were largely incurred in the continuing development of our alloys, products and marketing costs.

3 Net tangible assets per share

Net tangible assets per ordinary share at 30 June 2009 are 1.06 cents (30 June 2008: 3.59 cents).

4 Information on audit or review

The Financial Statements have been audited by Camphin Boston.

(iii)