MAGONTEC LIMITED — Interim / Quarterly Report 2014

Apr 23, 2014

Limited

Office No.10 Level 8 139 Macquarie St Sydney NSW 2000 Australia Ph:+ 61 2 8231 7085 FAX: +61 2 9252 8960

24 April 2014

Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street Sydney, NSW, 2000

Dear Sirs,

Appendix 4C – Quarter Ended 31 March 2014

The above quarterly cash flow statement is attached.

Also lodged simultaneously with this cash flow report is a Quarterly Update from the Executive Chairman dated 23 April 2014.

Yours Sincerely

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John Talbot Company Secretary. Magontec Limited

Limited

QUARTERLY CASHFLOW - APPENDIX 4C

for the Period Ended 31 March 2014

Magontec Limited

ABN: 51 010 441 666 Registered & Principal Office: Office 10, Level 8, 139 Macquarie Street, Sydney, NSW 2000 Australia

Issued Capital (as at 31 March 2014)

Ordinary Shares (ASX Code MGL) 1,115,043,832 fully paid Ordinary shares on issue

Options: Nil

Substantial Shareholders

Tel: +61 2 8231 7085 Fax: +61 2 9252 8960 Website: www.magontec.com Email: Corporate@magontec.com

Non-Executive Directors (as at 31 March 2014)

Zhongjun Li Kangmin Xie Andre Labuschagne

Independent Directors (as at 31 March 2014)

Robert Shaw Robert Kaye

Major Shareholders	No. of shares	Percent
Qinghai Salt Lake Magnesium Industry Limited	330,535,784	29.64
Straits Mine Management Pty Limited	173,787,648	15.59
Citicorp Nominees Pty Limited	89,482,006	8.03
KWE(HK)Investment Development Co Limited	55,797,298	5.00

Share Registry Services

Boardroom Pty Limited Level 7, 207 Kent St Sydney NSW 2000

Postal:

Management Team

Nicholas Andrews Executive Chairman

John Talbot Chief Financial Officer

Company Secretary John Talbot

GPO Box 3993 Sydney NSW 2001

Tel: 1300 737 760 or International: +61 2 9290 9600 Fax: 1300 653 459 Website: http://www.boardroomlimited.com.au

The current share price can be obtained from the ASX Website

Appendix 4C Magontec Limited 31 March 2014 Quarterly Report

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Appendix 4C

Quarterly Report

Introduced 31/3/2000. Amended 30/9/2001.

Name of entity
	Magontec Limited
ABN	Quarter ended	(“current quarter”)
51 010 441 666	31 March 2014
	Quarter Ended 31	Year to date
	March 2014	(3 months)
	$A	$A
ws from operating activities
from customers	$35,109,354	$35,109,354
ts to suppliers and employees ($36,762,697)		($36,762,697)
received	$37,953	$37,953
expense	($317,302)	($317,302)
	($545,080)	($545,080)
h (used)/generated in operating activities ($2,477,772)		($2,477,772)

	Name of entity Magontec Limited ABN Quarter ended (“current quarter”) 51 010 441 666 31 March 2014 Quarter Ended 31 March 2014 Year to date (3 months) $A $A	Name of entity Magontec Limited ABN Quarter ended (“current quarter”) 51 010 441 666 31 March 2014 Quarter Ended 31 March 2014 Year to date (3 months) $A $A	Name of entity Magontec Limited ABN Quarter ended (“current quarter”) 51 010 441 666 31 March 2014 Quarter Ended 31 March 2014 Year to date (3 months) $A $A	Name of entity Magontec Limited ABN Quarter ended (“current quarter”) 51 010 441 666 31 March 2014 Quarter Ended 31 March 2014 Year to date (3 months) $A $A	Name of entity Magontec Limited ABN Quarter ended (“current quarter”) 51 010 441 666 31 March 2014 Quarter Ended 31 March 2014 Year to date (3 months) $A $A
	Magontec Limited
	ABN 51 010 441 666
		Quarter Ended 31 March 2014 $A			Year to date (3 months) $A
1.1 Cash flows from operating activities a Receipts from customers b Payments to suppliers and employees c Interest received d Interest expense e Taxation f Net cash (used)/generated in operating activities 1.2 Cash flows from investing activities a Movement in security deposits b Payment for property, plant & equipment c Group Information Technology software d Other e Net cash provided by/(used in) investing activities	ows from operating activities s from customers ts to suppliers and employees received expense h (used)/generated in operating activities		$35,109,354 ($36,762,697) $37,953 ($317,302) ($545,080)		$35,109,354 ($36,762,697) $37,953 ($317,302) ($545,080)
			($2,477,772)		($2,477,772)
				$0 ($182,311) ($27,588) $0 ($209,898)
			$0 ($182,311) ($27,588) $0	$0 ($182,311) ($27,588) $0
			($209,898)	($209,898)

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Appendix 4C Magontec Limited 31 March 2014 Quarterly Report

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1.3

Cash flows from financing activities a Loans from/ (repayments to) related parties b Principal reduction on debt owing to Straits Mine Management Pty Ltd c Bank Loans d Net capital raised from issue of the Company's shares e Net cash provided by financing activities	Quarter Ended 31 March 2014 $A $0 ($2,100,046) $3,279,210 $4,265,661	Year to date (3 months) $A $0 ($2,100,046) $3,279,210 $4,265,661
	$5,444,825	$5,444,825

Net increase (decrease) in cash held 1.4 Cash at beginning of quarter /year to date 1.5 Cash at end of quarter /year to date	$2,757,155 $7,375,169	$2,757,155 $7,375,169
	$10,132,324	$10,132,324

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

1.6 (a) (b)	Aggregate amount of payments to the relevant parties (aggregate fees paid to directors)	Quarter Ended 31 March 2014 $A
		$32,958
1.7	Aggregate amount of loans to the relevantparties	Nil
1.8	Explanation necessary for an understanding of the transactions
	Please refer to Executive Chairman’s Quarterly Update dated 23 April 2014 lodged simultaneously with this report.

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Appendix 4C Magontec Limited 31 March 2014 Quarterly Report

Compliance statement

1

This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act 2001 (except to the extent that information is not required because of note 2) or other standards acceptable to ASX.

2

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

Sign here:

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Date: 24 April 2014 Executive Chairman Magontec Limited

Print

name: Mr Nicholas Andrews

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 definitions in, and provisions of, AASB 107: Cash Flow Statements apply to this report except for the paragraphs of the Standard set out below.

• Aus20.1 - reconciliation of cash flows arising from operating activities to operating profit or loss

• • 39 - 42 - itemised disclosure relating to acquisitions and disposals • 48 - 52 - disclosure of restrictions on use of cash

3

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.

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