NEOMETALS LTD — Interim / Quarterly Report 2013

Jul 21, 2013

Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining 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

Name of entity

Reed Resources Ltd

ABN 89 099 116 631 Consolidated statement of cash flows	Quarter ended (“current quarter”)
	30 June 2013

Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for (a) exploration & evaluation (b) development (c) production – gold (d) gas transmission (e) 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) (a) option premium (b) Hedge closure proceeds Net Operating Cash Flows	Current quarter $A’000	Year to date (12months) $A’000
	20,086 - - (24,034) - (1,105) - - - - - 27,135	31,873 - - (46,733) (1,084) (9,737) - - - - (3,070) 27,135
	22,082	(1,616)
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) (a) Interest and other items of similar nature received (b) exploration & evaluation Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)	- - (353) - - 6 (29) 103 (1,947)	- - (22,348) - - 6 (91) - 1,022 (6,074)
	(2,220)	(27,485)
	19,862	(29,101)

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

1.13 Total operating and investing cash flows (brought forward)	19,862	(29,101)
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) (a) share issue costs (b) Interest paid / borrowing costs Net financing cash flows	- - (36) (19,265) - - (449)	10,000 - 20,044 (19,681) - (447) (2,083)
	(19,750)	7,833
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 ofquarter	112 18,929 -	(21,268) 40,309 -
	19,041	19,041

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 1.24	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10	current quarter $A'000
		350
		29
1.25	Explanation necessaryfor an understandingof the transactions
	During the quarter $350K was paid to directors of the entity and a loan of $29K was made to associate entityReed Industrial Minerals PtyLtd.

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

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

Financing facilities available

Add 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
	-	-
	-	-

Estimated cash outflows for next quarter

4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration	$A’000
	1,700
	-
	26,140
	2,365
Total	30,205

Reconciliation of cash

Total Reconciliation of cash		30,205
Reconciliation of cash at the end of the quarter (as	Current quarter	Previous quarter
shown in the consolidated statement of cash flows)	$A’000	$A’000
to the related items in the accounts is as follows.
5.1 Cash on hand and at bank	7,164	7,029
5.2 Deposits at call	-	-
5.3 Bank overdraft	-	-
5.4 Other (restricted deposits)	11,877	11,900
Total: cash at end of quarter(item 1.22)	19,041	18,929

Changes in interests in mining tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed	Tenement reference	Nature of interest (note (2))	Interest at beginning ofquarter	Interest at end of quarter
	E15/1123 E16/378 E16/380 E09/1937	Surrendered Surrendered Surrendered Withdrawn	100% 100% 100% 100%	0% 0% 0% 0%

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

P51/1875 P51/1808 P51/1825 P51/1824 P51/1876 P51/1822 P51/1879 P51/1823 P51/1878 P51/1801 P51/1799 P51/1880 P51/1885 P51/1886 P51/1882 P51/1884 P51/1640 E20/0189 P51/1658 E20/0440 P51/1809 P51/1639 P51/1641 P51/1795 P51/1796 P51/1797 P51/1798 P51/1891 P51/1887 P51/1638 P51/1883 P51/2037 P51/2038 P51/2039 P51/2040 E51/0348 E51/0615 E51/0814 P51/1987 P51/2327 P51/2326 P51/1892 P51/1881 P51/1859 P51/1860 P51/1861 P51/1888 P51/1889 P51/1890 P51/1863 P51/1893 P51/1865	Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired Expired	100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%	0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

6.2 Interests in mining tenements acquired or increased	P51/1867 P51/1869 P51/1871 P51/1894 P51/1836 P51/1862	Expired Expired Expired Expired Expired Expired	100% 100% 100% 100% 100% 100%	0% 0% 0% 0% 0% 0%
	M51/0666 M51/0667 M51/0668 M51/0669 M20/0437 M20/0438 M20/0476 M20/0477 M51/0572 M51/0654 M51/0652 M51/0653 M51/0809 M51/0788 M51/0796 M51/0778 M51/0810 M51/0822 M51/0823 M51/0824 M51/0825 M51/0830 M51/0849 M51/0807 M51/0670 M51/0671 M51/0781 M51/0672 M51/0673 M51/0741 L51/0091	Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted Granted	100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%	100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

• See chapter 19 for defined terms.

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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	Number quoted	Issue price per security (see note3) (cents)	Amount paid up 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	519,976,564	519,976,564
	100,000	100,000	nil cash
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	2,450,000 3,000,000 500,000 1,000,000	Nil Nil Nil Nil	Exercise price $0.784 $0.984 $0.984 $1.000	Expiry date 31/12/2013 01/07/2013 01/07/2014 31/12/2014
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 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 [95 x 47] intentionally omitted <==

Sign here: ............................................................ Date: 22 July 2013 Company secretary

Print name: Jason Carone

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 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.

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