PACIFIC RESOURCES LIMITED — Interim / Quarterly Report 2013

Oct 23, 2012

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

COALBANK LIMITED

ABN Quarter ended ("current quarter")

20 075 877 075 30 September 2012

Consolidated statement of cash flows

		Current quarter	Year to date
Cash flows related to operating activities		$A'000	(3 months)
			$A'000
1.1	Receipts from product sales and relateddebtors	‐	‐
1.2	Payments for(a) exploration & evaluation(b) development(c) production	(709)‐‐	(709)‐‐
	(d) administration	(286)	(286)
1.3	Dividends received	‐	‐
1.4	Interest and other items of a similar nature
	received	6	6
1.5	Interest and other costs of finance paid	‐	‐
1.6	Income taxes paid	‐	‐
1.7	Other (provide details if material)
	BAS refunds received from the ATO	75	75
	Net Operating Cash Flows	(914)	(914)
	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)	4	4
	Net investing cash flows	4	4
1.13	Total operating and investing cash flows
	(carried forward)	(910)	(910)

Rule 5.3

+ See chapter 19 for defined terms.

1.13	Total operating and investing cash flows	(910)	(910)
	(brought forward)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc.	1,246	1,246
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)
	Proceeds from issue of convertible bonds	‐	‐
	Share issue expenses	(83)	(83)
	Net financing cash flows	1,163	1,163
	Net increase (decrease) in cash held	253	253
1.20	Cash at beginning of quarter/year to date	996	996
1.21	Exchange rate adjustments to item 1.20	‐	‐
1.22	Cash at end of quarter	1,249	1,249

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

		Current quarter$A'000
1.23	Aggregate amount of payments to the parties included in item 1.2	60
1.24	Aggregate amount of loans to the parties included in item 1.10	‐

1.25 Explanation necessary for an understanding of the transactions

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 Nil

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

Nil

+ See chapter 19 for defined terms.

Financing facilities available

Add notes as necessary for an understanding of the position.

		Amount available	Amount used
		$A'000	$A'000
3.1	Loan facilities	Nil	Nil
3.2	Credit standby arrangements	Nil	Nil

Estimated cash outflows for next quarter

		$A'000
4.1	Exploration and evaluation	332
4.2	Development	‐
4.3	Production	‐
4.4	Administration	259
	Total	591

Reconciliation of cash

	Reconciliation of cash at the end of the quarter (asshown 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	303	166
5.2	Deposits at call	946	830
5.3	Bank overdraft	‐	‐
5.4	Other (provide details)	‐	‐
	Total: cash at end of quarter (item 1.22)	1,249	996

Changes in interests in mining tenements

		Tenementreference	Nature of interest(note (2))	Interest atbeginningof quarter	Interest atend ofquarter
6.1	Interests in miningtenementsrelinquished, reducedor lapsed	EPC 1299	Wholly owned.	100%	‐
6.2	Interests in miningtenements acquired orincreased	Nil

+ See chapter 19 for defined terms.

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	Numberquoted	Issue price persecurity (seenote 3) (cents)	Amount paid upper security (seenote 3) (cents)
7.1	Preference	N/A
	+securities
	(description)
7.2	Changes during
	quarter
	(a) Increases
	through issues
	(b) Decreases
	through returns of
	capital, buy‐backs,
	redemptions
7.3	+Ordinary	845,708,015	845,708,015	Fully paid	Fully paid
	securities
7.4	Changes during
	quarter
	(a) Increases	32,776,942	32,776,942	3.8 cents	Fully paid
	through issues
	(b) Decreases
	through returns of
	capital, buy‐backs
7.5	+Convertibledebt	380*	‐	500,000 cents*	Fully paid
	securities
	(description)
	* Each bond has face value of $5,000 and is currently convertible into 131,579
	shares at 3.8 cents each. The conversion price is subject to adjustment in certain
	circumstances. Please refer to Terms and Conditions of bonds included in the
	Notice of AGM lodged with ASX on 12 October 2011.
7.6	Changes during
	quarter
	(a) Increases
	through issues
	(b) Decreasesthrough securities
	matured, converted
7.7	Options			Exercise price	Expiry date
	(description and	40,000,000	‐	25 cents	02/09/14
	conversion factor)	3,000,000	‐	10.33 cents	02/06/13
		3,000,000	‐	8.25 cents	08/08/13
		4,000,000	‐	10.0 cents	08/08/13
7.8	Issued during	N/A
	quarter
7.9	Exercised during	N/A
	quarter
7.10	Expired during	N/A
	quarter

+ See chapter 19 for defined terms.

7.10A	Performancerights	8,250,000	‐	Exercise price	Expiry date
	Changes duringthe quarter(a) Increasesthrough issues(b) Decreasesthroughsecuritiesconverted	‐‐	‐‐	‐‐‐	‐‐‐
7.11	Debentures(totals only)
7.12	Unsecurednotes (totalsonly)

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.

(Company secretary)

Sign here: Date: 24 October 2012

Print name: Leni Stanley

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.

+ See chapter 19 for defined terms.

• 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.