ORCODA LIMITED — Interim / Quarterly Report 2013

Oct 30, 2012

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A.C.N. 009 065 650

Level 1, 614 Newcastle Street LEEDERVILLE WA 6007 Telephone: (08) 9228 1199 email:smarttrans@smarttrans.com.au

PO Box 334 LEEDERVILLE WA 6903 Facsimile: (08) 9228 2299 Home Page: www.smarttrans.com.au

Quarterly Report for the three months ended 30[th] September 2012

SmartTrans Holdings Ltd - Quarterly Report

September 2012

OVERVIEW

The company’s cash reserves were boosted by a Share Purchase Plan and two placements which raised $880,000.

After an extended gestation, the Company has now laid the foundations for its operations in China and is in the early stage of generating revenue from the following distinct streams:

1. Lottery and Sports Wagering;

2. Apps and software sales; and

3. Billing and Payment Platforms.

Other developments and plans include:

1. Plans to ramp up marketing campaigns in China have been delayed due to an internal review of billing procedures in China Mobile. The company intends to resume marketing as soon as this review is complete; and

2. The company’s proposal to supply its EventTrack system for the upcoming FIFA World Cup in Brazil in 2014 is progressing and a decision on the outcome is expected in the near future.

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SmartTrans Holdings Ltd - Quarterly Report

September 2012

MOBILE PHONE and TRANSPORT SYSTEMS

Lottery and Sports Wagering

SmartTrans has secured valuable agreements allowing it to provide lottery and sports wagering facilities directly from any of its Internet web sites, including www.mycaipiao.cn, and to also provide these facilities to users on their mobile telephones.

Users are able to set up an account on SmartTrans’ www.mycaipiao.cn web site or download the SmartTrans MyCaipiao VODOne mobile application and select their lottery numbers or wager on the outcome of a sporting event such as the English Premier League Football and Basketball.

SmartTrans provides a front-end to China’s Welfare Lottery and Sports Lottery which is operated by the Chinese government and is the only form of legal gambling in the People’s Republic of China (PRC) (Source http://www.sport.gov.cn/n16/n33193/n33223/n35724/n2348514/1114421.html). The company receives an ongoing royalty on all amounts wagered by customers who download the MyCaipiao VODOne mobile lottery application from SmartTrans’ platform and use it for wagering or purchasing lottery tickets.

With the strong global growth in online gaming both on mobile devices and Internet web sites and, with appropriate marketing, the company believes that the wagering systems have the potential to achieve growth in line with that reported by other online gaming providers operating elsewhere in the world such as Ladbrokes, William Hill, Paddy Power and Jumbo Interactive.

A new version of the SmartTrans MyCaipiao mobile lottery application which also provides the facility for customers to view sports and lottery events and to interact with other registered users to discuss lotteries and sports wagering, was released on 8th June 2012 to align with the start of the three-week European Cup (www.uefa.com/uefaeuro/index.html). During this period SmartTrans ran a range of marketing campaigns focused on the European Cup and installed the MyCaipiao VODOne lottery and sports wagering application on over 25,000 phones at a rate of approximately 1,000 phones per day and visits to the dedicated soccer wagering sites hit a daily high of 30,000.

The SmartTrans MyCaipiao VODOne lottery application is also available for download from China Mobile’s Mobile Market.

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SmartTrans Holdings Ltd - Quarterly Report

September 2012

Apps and software sales

SmartTrans provides an extended range of products and services on its dedicated China Mobile billing site – www.mylife365.cn and continues to work with China Mobile in exploring new market opportunities, not only in China but also in other geographic regions.

The MyLife software portal to be installed on phones will give users access to a suite of software to purchase and receive lottery tickets using the mobile telephone lottery application and to purchase games, applications, mobile phone themes and ringtones using an integrated online payment system built by SmartTrans.

Each SmartTrans web site is supported by a mobile telephone application allowing users to transact directly from their mobile telephone to make purchases.

A range of SmartTrans products is being distributed via China Mobile and billed through China Mobile’s billing platforms.

Billing and Payment Platforms

In May 2012, SmartTrans was granted the right to bill its China Mobile customers directly through their phone bills enabling immediate and easy transactions with customers. Direct-to-phone billing requires no customer pre-registration and no new mobile software in order to make a purchase. This makes it the easiest way for mobile phone users to make transactions and places SmartTrans in an enviable position in China allowing it to bill its products directly to people’s phone bills in China where credit card ownership is very low.

This was a significant breakthrough for SmartTrans as customers can now make purchases on their mobile telephones and over the Internet with a few clicks on their phone without using credit/debit cards or registering at online payment portal websites.

SmartTrans is able to bill its monthly CNY30 (A$5) subscription service and its other products direct to customers’ mobile phone accounts nationally with payments appearing on customers’ phone bills.

The China Mobile direct-to-phone payment platform was fully implemented in the MyLife system in June 2012 using a direct connection to the billing platform managed by China Mobile’s UMPay

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SmartTrans Holdings Ltd - Quarterly Report

September 2012

(www.umpay.com). China Mobile’s UMPay has a customer base of more than 500 million mobile phone users. (source: www.umpay.com/englishumpay/overview/introduction.html)

Plans to ramp up marketing campaigns in China have been delayed due to an internal review of billing procedures in China Mobile. The company intends to resume marketing as soon as this review is complete.

In addition, the SmartTrans has settled agreements with China Mobile CMPay, China UnionPay, AliPay and China Mobile’s Mobile Market.

SmartTrans is working closely with Zhenya Tsvetnenko to provide its billing services to third parties from overseas seeking to sell their products in China. Due to the challenges in establishing a business in China and then being able to collect payments, SmartTrans offers a service to Chinese software and services vendors which it believes to be unique.

Other Developments

SmartTrans EventTrack system

SmartTrans lodged a proposal with the Ministry of Sport in Brazil to supply EventTrack for the 2014 FIFA World Cup in Brazil. SmartTrans has been included on a list of ninety six companies (out of a total of one hundred and ninety-nine companies) that have been short-listed to provide a whole range of different products and services for that event.

SmartTrans has received formal notification from the Government of Brazil that it has been selected to participate in the “Official Program of the Federal Government” for the FIFA 2014 World Cup.

SmartTrans does not know the nature of the products and services that have been proposed by the other ninety five companies on the short-list but has no reason to believe that any of them are in competition with EventTrack. Indeed the Company does not believe that there is any other product comparable to EventTrack being proposed for the FIFA World Cup as EventTrack is unique.

In preparation, SmartTrans has appointed a local partner to assist with customization and distribution of its products in Brazil. If successful, development of the mobile telephone application is scheduled to commence in late 2012.

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SmartTrans Holdings Ltd - Quarterly Report

September 2012

CHMC cooperation

SmartTrans continued to support China National Heavy Machinery Corporation (CHMC) to progress its arrangements to enter the Australian market and to assist it with project identification and assessment.

CHMC reports that it has successfully contracted over 800 large complete plant projects in China and approximately twenty other countries in the industries of metallurgy, mining, port terminals, building material, forging and press, urban water supply, environment protection, power generating, bridge construction, grain stores, airport construction, urban construction, chemical industry, water conservancy, and nuclear power. (www.chmc2003.com:8640/gsjj.htm).

Australian operations

In Australia, SmartTrans continues to roll out its innovative mobile software solutions.

~~****~~

MINERAL EXPLORATION PROJECTS

Wangunda Joint Venture – China Minmetals Group (“MMG”) earning 70% equity (SmartTrans currently 100% equity, 28,160 hectares)

Under the terms of the joint venture agreement signed in 2006, MMG Australia Limited, formerly OZ Minerals Australia Limited, can earn 70% equity in the tenements by expenditure of at least $10 million over 7.5 years to the completion of a bankable feasibility study. MMG has spent $4 million thereby completing Stage Two of the agreement and is now committed to spend $6 million in Stage Three by 6 June 2014.

There was no exploration field work reported by MMG during the quarter.

Connors Arch Joint Venture

This group, in which SmartTrans is in joint venture with Australia Oriental Minerals NL, covers three tenements in the South Connors Arch Province which is prospective for porphyry-style copper-gold deposits and epithermal gold deposits.

Mount Mackenzie Prospect (60% equity, 15,680 hectares )

Located at Coppermine Creek in Central Queensland, Mount Mackenzie is an advanced exploration project. Diamond drilling by SmartTrans, together with the development of a

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SmartTrans Holdings Ltd - Quarterly Report

September 2012

comprehensive geological and geophysical model, has demonstrated that Mt Mackenzie is one of the largest hydrothermal (high-sulphidation) systems in eastern Australia.

Drilling encountered significant gold and copper values in lead-zinc-silver mineralized breccias and extensive, intensely sulphidic, alteration under cover rocks at the “Instinct” Prospect located 500m to 1000m west of Mt Mackenzie.

Mineralisation is evident in:

• sulphide matrix polymict breccias of hydrothermal and probable intrusive origin;

• well developed multidirectional quartz- sulphide stockworks;

• vughy silica alteration, and;

• haematized and probable supergene zones related to palaeo weathering, immediately below the unconformity with the cover sequence.

The potential for extensions to this system lies under the volcanic cover outside the limits of all previous drilling.

SmartTrans believes there is also significant potential for high grade deposits at Mount Mackenzie.

SmartTrans is seeking a suitable joint venture partner for this project.

J P LAURIE GENERAL MANAGER

The section of this report that relates to mineral exploration is based on information compiled by a person who is a corporate member of the Australasian Institute of Mining and Metallurgy and who has a minimum of 5 years experience in the field of activity in which he is reporting and qualifies as a competent person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. This person, James Laurie, is a full time employee of the Company and consents to the inclusion in the report of the matters based on his information in the form and context in which they appear.

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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

SmartTrans Holdings Limited

	ABN 86 009 065 650 Consolidated statement of cash flows	ABN 86 009 065 650 Consolidated statement of cash flows	Quarter ended (“current quarter”) September 2012	Quarter ended (“current quarter”) September 2012
			September 2012
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 (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 (3 months) $A’000
		‐ ‐ ‐ ‐ (236) ‐ ‐ ‐ ‐ (484)		‐ ‐ ‐ ‐ (236) ‐ ‐ ‐ ‐ (484)
		(720)		(720)
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 1.13 Total operating and investing cash flows (carried forward)		‐ ‐ (7) ‐ ‐ ‐ ‐ ‐ (45)		‐ ‐ (7) ‐ ‐ ‐ ‐ ‐ (45)
		(52)		(52)
		(772)		(772)

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

Appendix 5B Mining exploration entity quarterly report
1.13 Total operating and investing cash flows (brought forward)	(772)	(772)
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) Net financing cash flows	880 ‐ ‐ ‐ ‐ ‐	880 ‐ ‐ ‐ ‐ ‐
	880	880
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	108 185 ‐	108 185 ‐
	293	293

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
		95
		‐
1.25	Explanation necessaryfor an understandingof the transactions
	1.7 Other: Non-mining Subsidiary Sales 168 Less Cost of Goods (69) Less Expenses (583) 1.12 Other: Capital RaisingCosts	(484) (45)

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

• 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

Financing facilities available

Add notes as necessary for an understanding of the position.

• See chapter 19 for defined terms.

Appendix 5B Page 2

17/12/2010

Appendix 5B Mining exploration entity quarterly report

Amount available Amount used $A’000 $A’000

3.1	Loan facilities
3.2	Credit standby arrangements

Estimated cash outflows for next quarter

4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration	$A’000
	13
	‐
	‐
	229
Total	**242 **

Reconciliation of cash

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 293 185 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (provide details) 293 185

Total: cash at end of quarter (item 1.22)

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 (note (2))	Interest at beginning ofquarter	Interest at end of quarter

• 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 note3) (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	1,367,014,463	1,367,014,463
	105,974,010	105,974,010
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	6,666,666 6,666,667 6,666,667		Exercise price $0.0186 $0.0186 $0.0186	Expiry date 7/10/2012 7/10/2013 7/10/2014
7.11 Debentures (totals only)
7.12 Unsecured notes (totals only)

• See chapter 19 for defined terms.

Appendix 5B Page 4

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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 ~~/does not*~~ (delete one) give a true and fair view of the matters disclosed.

Sign here: ............................................................ Date: ............................ ~~(Director/~~ Company secretary) Print name: James Laurie.........................................................

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.

17/12/2010 Appendix 5B Page 5