METEORIC RESOURCES NL — Interim / Quarterly Report 2012

Apr 29, 2012

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MINING EXPLORATION ENTITY QUARTERLY REPORT APPENDIX 5B

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Name of entity:
METEORIC RESOURCES NL
ABN: Quarter ended (“current quarter”)
64 107 985 651 31/3/2012
Consolidated statement of cash flows
Current quarter Year to date
(9 months)
$AUD’000 $AUD’000
Cash flows related to operating activities
1.1 Receipts from product sales, related debtors, 4 56
GST Credits
1.2 Payments for:
(a) exploration and evaluation (107) (524)
(b) development
(c) production
(d) administration (64) (359)
1.3 Dividends received
1.4 Interest and other items of a similar nature 21 49
received
1.5 Interest and other costs of finance paid
1.6 Income taxes paid
1.7 Other (provide details if material)
Net Operating Cash Flows (146) (778)
Cash flows related to investing activities
1.8 Payment for purchases of:
(a) prospects
(b) equity investments
(c) other fixed assets
1.9 Proceeds from sale of:
(a) prospects
(b) equity investments
(c) other fixed assets
1.10 Loans to other entities
1.11 Loans advanced by/repaid to other entities
1.12 Other (Loan repayments to associated
company)
- -
Net investing cash flows
1.13 Total operating and investing cash flows
(146) (778)
(carried forward)
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1.13 Total operating and investing cash flows (brought forward)	(146)	(778)
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other (provide details if material) – Share issue expenses Net financing cash flows	720 (34)	720 (34)
	686	686
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end of quarter	540 937	(92) 1,569
	1,477	1,477

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

1.23 Aggregate amount of payments to the parties included in item 1.2 1.24 Aggregate amount of loans to the parties included in item 1.10	Current quarter $AUD'000
	42
1.25 Explanation necessary for an understanding of the transactions

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

• N/A

• 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

• N/A

Financing facilities available

		Amount available	Amount used
		$AUD’000	$AUD’000
3.1	Loan facilities
3.2	Credit standby arrangements

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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	$AUD’000
	150
	80
Total	230

Reconciliation of cash

Reconciliation 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 $AUD’000	Previous quarter $AUD’000
5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (provide details) – Short Term Deposits	69	37
	1,408	900
Total: cash at end of quarter(item 1.22)	1,477	937

Changes in interests in mining tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased	Tenement reference	Nature of interest	Interest at beginning of quarter	Interest at end of quarter
	-
	E16/433	Granted	100%	100%

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Issued and quoted securities at end of current quarter

	Total number	Number quoted	Issue price per security (cents)	Amount paid-up per security (cents)
7.1 Preference securities 7.2 Issued during quarter	N/A
7.3 Ordinary securities Fully paid Partly paid 7.4 Issued during quarter
	85,113,867	85,113,867
	27,504,727	27,504,727
	11,084,616	11,084,616	$0.065	$0.065
7.5 Convertible debt securities 7.6 Issued during quarter	N/A
7.7 Options Over fully paid shares Over fully paid shares Over fully paid shares 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter			Exerciseprice	Expiry date
	2,580,000	Not Quoted	$0.2249	23/12/2014
	230,000	Not Quoted	$0.2370	21/12/2015
	2,550,000	Not Quoted	$0.0915	27/12/2016
	Nil
	Nil
	Nil
7.11 Debentures	N/A
7.12 Unsecured notes	N/A

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.

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

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Rudolf Tieleman Company Secretary Date: 30 April 2012

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