METALS AUSTRALIA LTD — Interim / Quarterly Report 2012

Jul 30, 2012

Appendix 5B Mining exploration entity quarterly report

	Minin Ap g explor N pend ation ent ame of entity ix 5B ity quarte rly	Minin Ap g explor N pend ation ent ame of entity ix 5B ity quarte rly	repo Quar (“curren 30 Ju rt ter ended t quarter”) ne 2012 Rule5.3	repo Quar (“curren 30 Ju rt ter ended t quarter”) ne 2012 Rule5.3	repo Quar (“curren 30 Ju rt ter ended t quarter”) ne 2012 Rule5.3
	Metals Austral ia Ltd
	38 ABN 008 982 4 C 74 onsolida ted state ment of c ash flow s
			30 Ju ne 2012
1.1 1.2 1.3 1.4 1.5 1.6 1.7 Cash flow Receipts fro Payments fo Dividendsr Interest and Interest and Income taxe Other (prov Net operat s related to m product s r (a) explor (b) devel (c) produ (d) admin eceived other items other costs s paid ide details if ing cash flo operating ales and rela ation and ev opment ction istration of a similar of finance pa material) ws activities ted debtors aluation nature receiv id ed R & D Gr ant			Cu qu $A rrent arter ’000	Y ( ear to date 12 months) $A’000
			( ( 382) 195) 17 -	(1,496) (605) 99 50
			( 560)	(1,952)
1.8 1.9 1.10 1.11 1.12 1.13 Cash flow Payment fo Proceeds fro Loans to oth Loans repai Other (prov Net investi Total opera s related to r purchaseso m sale of: er entities d by other en ide details if ng cash flow ting and in investing f:(a) prospe (b) equity (c) otherf (a) prospe (b) equity (c) otherf tities material) s vesting cash activities cts investments ixed assets cts investments ixed assets flows(car ried forward )
			( 560)	(1,952)
1.14 1.15 1.16 1.17 1.18 1.19 Cash flow Proceeds fro Proceeds fro Proceeds fro Repayment Dividendsp Other (prov Net financi s related to m issues of m sale of fo m borrowin of borrowing aid ide details if ng cash flow financing shares, optio rfeited share gs s material) s activities ns, etc. s			-	2,509
			-	2,509
1.20 1.21 1.22 Net increa Cash at beg Exchange ra Cash at en se (decrea inning of qua te adjustme d of quart se) in cash rter/year to nts to item 1. er held date 20			2 (560) ,776	557 1,659
			2 ,216	2,216

• See chapter 19 for defined term s .

Appendix 5B Page 1

Appendix 5B Mining exploration entity quarterly report

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

ities
1.23 1.24 1.25	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10 Explanation necessaryfor an understandingof the transactions		Current quarter $A'000
			172
	Professional Services & Directors’ Fees Exploration ExpensesPaidThroughSubsidiary	$A’000 91 81

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

• 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

Financing facilities available

Add notes as necessary for an understanding of the position.

nancing facilities available d notes as necessary for an understanding of the position.
3.1 Loan facilities 3.2 Credit standby arrangements	Amount available $A’000	Amount used $A’000
timated cash outflows for next quarter
4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration		$A’000
		400 100
Total		500

Estimated cash outflows for next quarter

Reconciliation of cash

econciliation 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)	66 2,150	676 2,100
Total: cash at end ofquarter(item 1.22)	2,216	2,776

Changes in interests in mining tenements

• See chapter 19 for defined terms.

Appendix 5B Page 2

Appendix 5B Mining exploration entity quarterly report

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	Interest at end of quarter
			beginning
			ofquarter
	EL5244 EL5245	100% 100%	100% 100%	Nil Nil

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	Amount paid up per security (see note 3) (cents)
			per security
			(see note 3) (cents)
7.1 Preference+securities (description) 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	767,926,110	767,926,110
7.5 +Convertible debt securities(description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter	163,665,000 63,770,767 6,000,000	163,665,000 - -	Exercise Price 2 cents 5 cents 4cents	Expiry Date 30 September 2013 1 December 2013 14 November 2013
7.11 Debentures (totals only)
7.12 Unsecured notes(totals only)

• See chapter 19 for defined terms.

Appendix 5B Page 3

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 4).

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

Sign here: Date: 31 July 2012

Print name: Norman Grafton

Company Secretary

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 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.

• 5 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.

== == == == ==

• See chapter 19 for defined terms.

Appendix 5B Page 4