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MURRAY COD AUSTRALIA LIMITED — Interim / Quarterly Report 2016
Apr 27, 2016
65302_rns_2016-04-27_5712d62c-963a-42ee-9f20-33a236bea4e7.pdf
Interim / Quarterly Report
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ABN 74 143 928 625
Registered Office 158 Yambil Street Griffith PO Box 763 NSW 2680 Australia Phone: +61 (02) 6964 9006 Fax: +61 (02) 6964 1546
ASX CODE: TPR
ASX ANNOUNCEMENT
28 April 2016
QUARTERLY ACTIVITIES REPORT FOR THE THREE MONTHS ENDED 31 MARCH 2016
Timpetra Resources Limited (ASX: TPR) (“Timpetra” or the “Company”) is pleased to provide the quarterly activities report for the three months ended 31 March 2016, to be read in conjunction with the Appendix 5B.
The Jillewarra Project
Full details of the joint venture agreement was announced in the previous Quarterly Reports. An update on this project was issued in the announcement to the ASX on 21 December 2015.
Since that date the company has undertaken planning on the most efficient and effective mechanisms for completing the exploration project in a way that maximises the return on the shareholders’ funds that are spent. Reports and results of local prospecting activity on the lease undertaken using Section 40E permits have been examined as part of this process.
Activity during this quarter was naturally subdued as a result of the extremely hot climatic conditions normally experienced in that region during the summer months.
The company is intent on implementing an exploration plan that provides the highest probability of success on the lease whilst being mindful of preserving capital of the company in a prudent manner.
Assets and Corporate Developments
Since the last report there have been no significant corporate developments.
On 28 February 2016 Mr Nicholas Geddes retired as company secretary. On 1 March 2016 Ms Wendy Dillon and Mr Brett Tucker were appointed as company secretaries.
During the quarter the company paid its income tax liability of $959,139 and dividend withholding tax of $68,135.
The Future
The Company is continuing to evaluate any potential investment opportunities across all sectors as they occur.
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Ross Anderson Chairman
For further information: Ross Anderson (02) 6964 9006