ORBMINCO LIMITED — Interim / Quarterly Report 2009

Jan 28, 2010

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APPENDIX 5B

Mining exploration entity quarterly report

(Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001).

Name of entity Monaro Mining NL ABN Quarter ended (“current quarter”) 99 073 155 781 31 December 2009 Consolidated statement of cash flows	Name of entity Monaro Mining NL ABN Quarter ended (“current quarter”) 99 073 155 781 31 December 2009 Consolidated statement of cash flows
Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 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	Current quarter $A’000	Year to date (6 months) $A’000
	- (670) - - (658) - 5 (2) - -	- (1,294) - - (1,246) - 11 (2) - -
	(1,325)	(2,531)
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 Contributions from joint venture 1.13 Payments for joint venture operations 1.14 Realised gain from foreign currency transactions Net investing cash flows	- - - - - - - - - - -	- - - - - 12 - - 257 (302) -
	-	(33)
1.15 Total operating and investing cash flows (carried forward)	(1,325)	(2,564)

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1.15 Total operating and investing cash flows (brought forward)	(1,325)	(2,564)
Cash flows related to financing activities 1.16 Proceeds from issues of shares, options, etc. 1.17 Proceeds from sale of forfeited shares 1.18 Proceeds from borrowings 1.19 Repayment of borrowings 1.20 Dividends paid 1.21 Other (share issue costs) Net financing cash flows	3,000 - - (2) - (150)	3,000 - - (5) - (150)
	2,848	2,845
Net increase (decrease) in cash held 1.22 Cash at beginning of quarter/year to date 1.23 Exchange rate adjustments to item 1.20 1.24 Cash at end of quarter	1,523 411 33	281 1,693 (7)
	1,967	1,967

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

1.25 1.26	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
		222
		-
1.27	Explanation necessaryfor an understandingof the transactions
	Payments to directors for services to the group.

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

None.

• 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

• None.

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
	-	-
	-	-

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Estimated cash outflows for next quarter

Estimated cash outflows for next quarter
4.1 Exploration and evaluation 4.2 Development Total	$A’000
	500
	-
	500

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 $A’000	Previous quarter $A’000
5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Commercial Bills 5.4 Other (provide details) Total: cash at end of quarter(item 1.22)	484	113
	1,483	298
	-	-
	-	-
	1,967	411

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
	Relinquished: MP1572 South Djurasay (Kyrgyz) MP1543 Upper Hodjaachkam (Kyrgyz) EL6356 Mt Paynter (Australian)		100% 100% 100%	0% 0% 0%

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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.

dates.
	Total number	Number quoted	Issue price per security (see note 3)	Amount paid up per security (see note 3)
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 Fully Paid Part-Paid 7.4 Changes during quarter (a) Fully paid Increases through issues (b) Decreases through returns of capital, buy-backs	136,704,563 5,000,000	131,704,563 Nil	N/A 0.001 cent	N/A 0.001 cent
	33,333,333 -	33,333,333 -	$0.09 -	$0.09 -
7.5 Convertible debt securities(description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted
	- -	- -	- -	- -
7.7 Options Incentive Unlisted Unlisted Unlisted Unlisted 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter 7.11Performance Rights (totals only) 7.12Unsecured notes (totals only)	250,000 600,000 200,000 500,000 400,000	N/A N/A N/A N/A N/A	Exercise price 107 cents 35 cents 45 cents 120 cents 20 cents	Expiry date 19 April 2011 10 Sept 2010 10 Sept 2010 18 Feb 2012 01 Jan 2012
	- - -	- - -	- - -	- - -
	2,750,000	-
	- -	- -

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 4).

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

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Sign here:

Date: 29 January 2010

Print name: Martin Stein

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 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows applies to this report.

• 5 Accounting Standards ASX will accept, for example, the use of International Accounting 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.