MAGONTEC LIMITED — Annual Report 2011

Aug 30, 2011

APPENDIX 4E

Preliminary Final Report For the financial year ended 30 June 2011

Advanced Magnesium Limited ABN 51 010 441 666

Current reporting period: 30 June 2011 Previous corresponding period: 30 June 2010

Contents

Item Number	Description
1 2 3 4	Results for announcement to the market Commentary on results for the year Net tangible assets per share Information on Audit or Review Executive Chairman’s Message Corporate Governance Statement Directors’ Report (including Remuneration Report) Independent Audit Declaration Financial Statements and Notes to the Financial Statements Directors’ Declaration Independent Audit Report Shareholder Information As per 2011 Annual Report lodged simultaneously with this Appendix

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 change		Amount $
Revenue from ordinary activities	Up	305%	to	22,586,059
The amount and percentage change up or down from the previous corresponding period of profit (loss) from ordinary activities after tax attributable to members.	Up	176%	to	(1,817,711)
The amount and percentage change up or down from the previous corresponding period of net profit (loss) for the period attributable to members.	Up	176%	to	(1,817,711)

Dividends

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

2 Commentary on results for the year

Revenue

Gross Revenue from operations of 2011 is as follows:

Alloys Metal handling Electroplating Other Total	$22,459,947 $35,910 $60,081 $30,121
	$22,586,059

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Appendix 4E Advanced Magnesium Limited

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

Results

The results for the financial year include the consolidation of accounts for AML’s 53% owned Chinese subsidiary Henan Keweier Alloy Materials Co Ltd. Note 31 in the accompanying report also shows details of the unaudited consolidated Magontec Group acquired by AML on 4 July 20111.

3 Net tangible assets per share

Net tangible assets per ordinary share at 30 June 2011 - 1.88 cents (30 June 2010: 2.76 cents).

4 Information on audit or review

The accounts lodged with this Appendix are audited.

(iii)