PATERSON RESOURCES LTD — Interim / Quarterly Report 2012

Jan 30, 2013

Appendix 5B

Rule 5.3

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

UNITED OROGEN LIMITED

ABN Quarter ended ("current quarter")

Current quarter $A'000

45 115 593 005 31 December 2012

Year to date (6 months)

Consolidated statement of cash flows

Cash flows related to operating activities

			$A'000
1.1	Receipts from product sales and related debtors
1.2	Payments for(a) exploration & evaluation(b) development(c) production	(22)	(39)
	(d) administration	(66)	(143)
1.3	Dividends received
1.4	Interest and other items of a similar naturereceived
1.5	Interest and other costs of finance paid
1.6	GST paid / received	(2)	-
1.7	Other – Rental Income
	Net Operating Cash Flows	(90)	(182)
	Cash flows related to investing activities
1.8	Payment for purchases of:(a) prospects
	(b) equity investments
	(c) other fixed assets
1.9	(d) security depositsProceeds 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)	(90)	(182)

+ See chapter 19 for defined terms.

1.13	Total operating and investing cash flows(brought forward)	(90)	(182)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc.	20	20
1.15	Proceeds from sale of forfeited shares
1.16	Proceeds from borrowings	75	75
1.17	Repayment of borrowings
1.18	Dividends paid
1.19	Other –Share Issue Costs
	Net financing cash flows	95	95
	Net increase (decrease) in cash held	5	(87)
1.20	Cash at beginning of quarter/year to date	19	111
1.21	Exchange rate adjustments to item 1.20
1.22	Cash at end of quarter	24	24

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

1.23Aggregate amount of payments to the parties included in item 1.251.24Aggregate amount of loans to the parties included in item 1.10NIL		Current quarter$A'000

1.25 Explanation necessary for an understanding of the transactions

N/A

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

Financing facilities available

+ See chapter 19 for defined terms.

Add notes as necessary for an understanding of the position.

		Amount available$A'000	Amount used$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	0
4.2	Development	NIL
4.3	Production	NIL
4.4	Administration	60
	Total	60

Reconciliation of cash

	Reconciliation of cash at the end of the quarter (asshown in the consolidated statement of cash flows) tothe related items in the accounts is as follows.	Current quarter$A'000	Previous quarter$A'000
5.1Cash on hand and at bank		24	19
5.2Deposits at call
5.3Bank overdraft
5.4Other (provide details)
	Total: cash at end of quarter (item 1.22)	24	19

Changes in interests in mining tenements

		Tenementreference	Nature of interest(note (2))	Interest atbeginning	Interest atend of
				of quarter	quarter
6.1	Interests in mining	E39/1528	Surrendered 06/12/2012	100%	0%
	tenements relinquished,	E39/1594	Surrendered 06/12/2012	100%	0%
	reduced or lapsed	E70/4173	Surrendered 01/11/2012	100%	0%
		E70/4174	Surrendered01/11/2012	100%	0%
		E80/4243	Surrendered 27/12/2012	100%	0%
		E80/4372	Surrendered 27/12/2012	100%	0%
		E80/4434	Surrendered 27/12/2012	100%	0%
		E80/4435	Surrendered 27/12/2012	100%	0%
		E80/4439	Surrendered 06/12/2012	100%	0%

+ See chapter 19 for defined terms.

Appendix 5B Mining exploration entity quarterly report

6.2	Interests in miningtenements acquired orincreased	N/A	N/A	N/A	N/A
-----	-----------------------------------------------------------	-----	-----	-----	-----

+ 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	Number quoted	Issue price persecurity (see note3) (cents)	Amount paid upper security (seenote 3) (cents)
7.1	Preference+securities(description)
7.2	Changes duringquarter(a) Increases throughissues(b) Decreasesthrough returns ofcapital, buy-backs,redemptions
7.3	+Ordinary securities	113,825,946	113,825,946
7.4	Changes duringquarter(a) Increases throughissues(b) Decreasesthrough returns ofcapital, buy-backs	5,000,000	5,000,000	$0.004	$0.004
7.5	+Convertible debtsecurities(description)
7.6	Changes duringquarter(a) Increases throughissues(b) Decreasesthrough securitiesmatured, converted
7.7	Options (descriptionand conversionfactor)	32,386,4262,000,000	32,386,426N/A	Exercise Price20 cents each20 cents each	Expiry Date31 March 20161 May 2016
7.8	Issued during quarter
7.9	Exercised duringquarter
7.10	Expired duringquarter
7.11	Debentures(totals only)
7.12	Unsecured notes(totals only)

Compliance statement

+ See chapter 19 for defined terms.

• 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.

Sign here: ........................................................... Date: 31 January 2013

Company secretary

Print name: SHOSHANNA ZOHAR

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.