METALS AUSTRALIA LTD — Interim / Quarterly Report 2013

Jan 29, 2014

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

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Appendix 5B Rule 5.5
Mining exploration entity and oil and gas exploration entity
quarterly report
In t roduced 01/07/96 Origin Appendi x 8 Amended 01/0 7 /97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/20133
Name of entity
Metals Australia Ltd
ABN Quarter ende d (“current q u arter”)
38 008 474 31 December 2013
Consolidated statement of cash flows
Current Year to date
quarter (6 months)
Cash flows related to operating activities $A’000 $A’000
1.1 Receipt s from product sales and r elated debt o rs
1.2 Paymen t s for (a) e x ploration & evaluation (340 ) ( 451)
(b) development
(c) p r oduction
(d) a d ministratio n (158 ) ( 330)
1.3 Dividen d s received
1.4 Interest and other it e ms of a sim i lar nature r e ceived 13 21
1.5 Interest and other c o sts of finan c e paid
1.6 Income taxes paid
1.7 Other ( p rovide details if materia l )
Net Operating Cash Flows (485) (760)
Cash flows related to investing activities
1.8 Paymen t for purcha s es of:(a) pr o spects
(b) e q uity invest m ents
(c) ot h er fixed ass e ts
1.9 Proceed s from sale of: (a) p r ospects
(b) e q uity invest m ents
(c) ot h er fixed ass e ts
1.10 Loans t o other entities
1.11 Loans r e paid by oth e r entities
1.12 Other ( p rovide details if materia l )
Net investing cash flows
1.13 Total operating and investing cash flows (485) (760)
Cash flows related to financing activities
1.14 Proceed s from issue s of shares, o p tions, etc. - 541
1.15 Proceed s from sale of forfeited s h ares
1.16 Proceed s from borro w ings
1.17 Repayment of borro w ings
1.18 Dividen d s paid
1.19 Other ( p rovide details if materia l )
Net financing cash flows - 541
Net increase (decrease) in cash held (48 5 ) (219)
1.20 Cash at b eginning o f quarter/yea r to date 1,5 6 1 1,295
1.21 Exchan g e rate adjus t ments to ite m 1.20
1.22 Cash at end of quarter 1,076 1,076
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• S ee chapter 1 9 for defined t e rms.

01 / 05/2010 App e ndix 5B Page 1

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

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

1.23 1.24	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to theparties included in item 1.10	Current quarter $A'000	Current quarter $A'000
		239
1.25	Explanation necessaryfor an understandingof the transactions
	Professional services and directors fees Explorationand administrationexpenses paid throughsubsidiaries		$A’000 18 221

Non‐cash financing and investing activities

2.1 2.2	Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
	Details of outlays made by other entities to establish or increase their share in projects in which the reportingentityhas an interest

Financing facilities available

Add notes as necessary for an understanding of the position.

	Amount	Amount
	available	used
	$A’000	$A’000

3.1	Loan facilities
3.2	Credit standby arrangements

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
	200 150
Total	350

Reconciliation of cash

Total Reconciliation of cash		350
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)	176 900	311 1,250
Total: cash at end ofquarter(item 1.22)	1,076	1,561

• See chapter 19 for defined terms.

Appendix 5B Page 2

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Changes in interests in mini 6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements and petroleum tenements acquired or increased	ng tenements andpetroleum tenements	ng tenements andpetroleum tenements	ng tenements andpetroleum tenements	ng tenements andpetroleum tenements
	Tenement reference and **location **	Nature of interest (note (2))	Interest at beginning **of quarter **	Interest at end of **quarter **

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 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	819,951,110	819.951,110
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	50,000,000 2,025,000 63,770,767 6,000,000	-	Exercise Price 2 cents 2 cents 5 cents 4cents	Expiry Date 31/8/2016 30/9/2013 1/12/2013 14/11/2013
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 and oil and gas 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 5).

• 2 This statement does /does not* (delete one) give a true and fair view of the matters disclosed.

Sign here: Date: 30 January 2014

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 and petroleum 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 or petroleum 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 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.

• 5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting 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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• See chapter 19 for defined terms.

Appendix 5B Page 4

01/05/2013