MINBOS RESOURCES LIMITED — Interim / Quarterly Report 2014

Apr 27, 2014

Appendix 5B Mining exploration entity quarterly report

Appendix 5B

Rule 5.5

Mining exploration entity and oil and gas exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013

Name of entity

Name of entity
MINBOS RESOURCES LIMITED
ABN 22 794 553 811	Quarter ended (“current quarter”)
	31 March 2014
Consolidated Statement of Cash Flows	Current Quarter 31-Mar-14	Year to Date "9 Months"
	$A’000	$A’000
Cash flows related to operating activities 1.1 Receipts from product sales and related debtors Payments for (a) exploration and evaluation (b) development (c) production (d) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature 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 1.2	- (18) - - (92) - 1 (11) - - (120)	- (317) - - (601) - 2 (42) - - (958)
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 repaid by other entities 1.12 Other (provide details if material) Net Investing Cash Flows	- - - - - - - - - -	- - - - - 21 - - - 21
1.13 Total operating and investing cash flows	(120)	(937)

• See chapter 19 for defined terms.17/12/2010 Appendix 5B Page 1

Appendix 5B Mining exploration entity quarterly report

Consolidated Statement of Cash Flows Continued	Current Quarter 31-Mar-14	Year to Date "9 Months"
	$A’000	$A’000
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 (Prepayments) Net Financing Cash Flows	(7) - 150 - - - 143	(12) - 1,005 - - - 993
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 Net increase (decrease) in cash held	80 (6) 23	54 (13) 56
	97	97

Payments to directors of the entity, associates of the directors, 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 $A'000
	28
	Nil

• 1.25 Explanation necessary for an understanding of the transactions 1.23 - Relates to fees paid to the Managing Director.

During the quarter, as part of the convertible note from management, interest of $4,849 was paid to a former director and or associated entities and has been included above in item 1.5.

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

• Convertible security: The Company issued 83,333,333 shares and options during the quarter in satisfaction for $250,000 of borrowings received during the 2014 financial year.

• 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

• See chapter 19 for defined terms.

Appendix 5B Page 2

17/12/2010

Appendix 5B Mining exploration entity quarterly report

Financing facilities available

Add notes as necessary for an understanding of the position.

• 3.1 Loan facilities: (a) Convertible Security Facility

• (b) Management Convertible Note

• (c) CPS Convertible Note Facility

• 3.2 Credit standby arrangements

	Amount available	Amount used
	$A’000	$A’000
	200	200
	500	500
	550	550
	N/A	N/A

Estimated cash outflows for next quarter

4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration	$A’000
	50
	-
	-
	130
Total	180

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 $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)	77	59
	20	21
	-	-
	-	-
Total: cash at end of quarter(item 1.22)	97	80

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 and location	Nature of interest (note(2))	Interest at beginning of quarter	Interest at end of quarter
	N/A	N/A	N/A	N/A
	N/A	N/A	N/A	N/A

• See chapter 19 for defined terms.17/12/2010 Appendix 5B Page 3

Appendix 5B Mining exploration entity quarterly report

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	Total number	Number quoted	Issue price per security (see note 3)	Amount paid up per security (see note 3)
7.1 Preference +securities_(description)_ Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions 7.2	-		-	-	-
	- -		- -	- -	- -
7.4 Changes during quarter (a) Increases through issues (i) Conversion of CPS Convertible Security - Tranche 1 (b) Exercise of options (c) Decreases through return of capital, buy-backs (d)Increase pursuant to underwriting ofoptions 7.3 +Ordinary securities	257,148,938		257,148,938	-	-
	83,333,333 - - -		83,333,333 - - -	$0.003 - - -	100% - - -
7.5 +Convertible securities (i) Management Convertible Note - Carter (i) Management Convertible Note - Reeves (ii) CPS Convertible Note Facility (iii) Convertible Security (calculated as per ASX LR) 7.6 Changes during quarter (a) Increases through issues (b)Decreases throughsecuritiesmatured, converted	3,968,254 Up to 83,333,333 Up to 183,333,333 12,500,000		- - -	$0.630 $0.003 $0.003 $0.016	Fully paid Fully paid Fully paid Fully paid
			- 83,333,333	- $0.003	- 100%
		- 83,333,333
7.7 Options_(description and conversion factor)_ Consultant Options; vested 1/04/2013 Employee Options; vested 1/10/2012 Consultancy Options; vesting conditions apply Placement Options; no vesting period Director Options; no vesting period 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter		100,000 500,000 3,000,000 1,150,000 88,333,333	- - - - -	Exercise price $0.50 $0.20 $0.25 $0.0937 $0.01	Expiry date 18/04/2014 18/04/2014 30/12/2014 08/03/2016 30/12/2016
		93,083,333
		83,333,333	83,333,333	$0.01	30/12/2016
		-	-	-	-
		-	-	-	-
7.11 Debentures (totals only)		-	-	-	-

• See chapter 19 for defined terms.

Appendix 5B Page 4

17/12/2010

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 5).

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

==> picture [125 x 77] intentionally omitted <==

Sign here: Company Secretary Print name: PAIGE EXLEY

Date: 28 April 2014

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.

== == == == ==

• See chapter 19 for defined terms.17/12/2010 Appendix 5B Page 5