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PROSPECT RESOURCES LIMITED Interim / Quarterly Report 2014

Apr 30, 2014

65617_rns_2014-04-30_a3a14c02-041b-4c6f-826c-f665cbcf8aec.pdf

Interim / Quarterly Report

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Rule 5.5

Appendix 5B

Mining exploration entity and oil and gas 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, 01/05/2013

Name of entity

PROSPECT RESOURCES LIMITED

ABN Quarter ended (“current quarter”) 30 124 354 329 31 March 2014

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) production
(b) administration
(c) project generation
(d) Exploration and evaluation expensed
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
(9 .months)
$A’000
(165)
(68)
(44)
(453)
(125)
(44)
(277) (622)
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) exploration and evaluation
(b) development
(c) Interest and other items of a similar nature
received
Net investing cash flows
1.13
Total operating and investing cash flows (carried
forward)
(4)
57
(93)
(4)

(95)
3
(40) (96)
(317) (718)
  • See chapter 19 for defined terms.

01/05/2010 Appendix 5B Page 1

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

1.13
Total operating and investing cash flows
(brought forward)
(317) (718)
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 (related party)
1.17
Repayment of borrowings
1.18
Dividends paid
1.19
Other (provide details if material)
‐ Proceeds from share applications not issued
‐ Repayment of share applications
‐ Cost of issues of shares, options
Net financing cash flows
950
3


(64)
950
78
600
(600)
(64)
889 964
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
572
74
246
400
646 646

Payments to directors of the entity, associates of the directors, 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
14
1.25 Explanation necessaryfor an understandingof the transactions
Superannuation and rent
The Company paid costs totalling $57,000 in the previous quarter on behalf of Hawkmoth
Mining and Exploration (Pvt) Ltd and upon completing its acquisition of Hawkmoth
Miningand Exploration(Pvt)Ltd,has consolidated this balance.

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

  • See chapter 19 for defined terms.

Appendix 5B Page 2

01/05/2013

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

  • 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.

  • 3.1 Loan facilities 3.2 Credit standby arrangements
Amount available Amount used
$A’000 $A’000

Estimated cash outflows for next quarter

4.1
Exploration and evaluation
4.2
Development
4.3
Production
4.4
Administration
$A’000
276
125
Total 401

Reconciliation of cash

Total
Reconciliation of cash
401
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
$A’000
5.1
Cash on hand and at bank
5.2
Deposits at call
5.3
Bank overdraft
5.4
Other (provide details)
USD$ at bank
12
28
606
31
43
Total: cash at end of quarter(item 1.22) 646 74
  • See chapter 19 for defined terms.

01/05/2010 Appendix 5B Page 3

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Changes in interests in mining tenements and petroleum tenements

6.1
Interests in mining
tenements and
petroleum tenements
relinquished, reduced
or lapsed
6.2
Interests in mining
tenements and
petroleum tenements
acquired or increased
Tenement
reference
and
location
Nature of interest
(note (2))
Interest at
beginning
of quarter
Interest at
end of
quarter
Refer to Appendix A

Refer to Quarterly Activities Report for schedule of tenements held.

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
529,593,287 529,593,287 Not applicable Not applicable
95,000,000 95,000,000 1.0 1.0
7.5
+Convertible
debt
securities
(description)
  • See chapter 19 for defined terms.

Appendix 5B Page 4

01/05/2013

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

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
134,500,000 Exercise price
1.5 cents
Expiry_date_
30 June 2015
7.11
Debentures
(totals only)
7.12
Unsecured
notes(totals
only)

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: 30 April 2014 (Director)

Print name: Hugh Warner

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
  • See chapter 19 for defined terms.

01/05/2010 Appendix 5B Page 5

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

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 and petroleum 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 or petroleum 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.

Appendix 5B Page 6

01/05/2013

==> picture [245 x 35] intentionally omitted <==

APPENDIX A – PROSPECT RESOURCES LIMITED TENEMENT SCHEDULE

Prospect Resources Limited has interests in tenements via the following companies:

  • 1) Prospect Resources Limited (“Prospect”)

  • 2) Coldawn Investment (Private) Limited (“Coldawn”)

  • 3) Hawkmoth Mining and Exploration (Private) Limited (“Hawkmoth”)

  • 4) Farvic Consolidated Mines (Pvt) Limited (“Farvic”)

  • 5) Tannahill Mine (Pvt) Limited (“Tannahill”)

  • 6) Mixnote Investments (Pvt) Limited (“Mixnote”)

Tenement Type
**& Number **
Country Project Registered
Company
Name
% Held at
End of
**Quarter **
% Acquired
During
**Quarter **
% Disposed
During
**Quarter **
E66/56 Australia Mary Springs Prospect 100% - -
20560BM Zimbabwe Penhalonga Coldawn 70% 70% -
10675 Zimbabwe Penhalonga Coldawn 70% 70% -
21795 BM Zimbabwe Penhalonga Coldawn 70% 70% -
18879 Zimbabwe Penhalonga Coldawn 70% 70% -
18880 Zimbabwe Penhalonga Coldawn 70% 70% -
18881 Zimbabwe Penhalonga Coldawn 70% 70% -
21748BM Zimbabwe Penhalonga Coldawn 70% 70% -
12212 Zimbabwe Penhalonga Coldawn 70% 70% -
12213 Zimbabwe Penhalonga Coldawn 70% 70% -
19474 BM Zimbabwe Penhalonga Coldawn 70% 70% -
14135 BM Zimbabwe Penhalonga Coldawn 70% 70% -
10338 Zimbabwe Penhalonga Coldawn 70% 70% -
G3425 Zimbabwe Penhalonga Coldawn 70% 70% -
G2335 Zimbabwe Penhalonga Coldawn 70% 70% -
Special Grant Zimbabwe Bushtick Hawkmoth 70% 70% -
M2873BM Zimbabwe Chisanya Hawkmoth 70% 70% -
M2874 BM Zimbabwe Chisanya Hawkmoth 70% 70% -
M2875 BM Zimbabwe Chisanya Hawkmoth 70% 70% -
M2876BM Zimbabwe Chisanya Hawkmoth 70% 70% -
140300 J Zimbabwe Greater Farvic Farvic -(i) - -
140297J Zimbabwe Greater Farvic Farvic -(i) - -
140295 J Zimbabwe Greater Farvic Farvic -(i) - -
140299 J Zimbabwe Greater Farvic Farvic -(i) - -
140298 J Zimbabwe Greater Farvic Farvic -(i) - -
179176 J Zimbabwe Greater Farvic Farvic -(i) - -
174178 J Zimbabwe Greater Farvic Farvic -(i) - -
435131 J Zimbabwe Greater Farvic Tannahill -(i) - -
435129 J Zimbabwe Greater Farvic Tannahill -(i) - -
435130 J Zimbabwe Greater Farvic Tannahill -(i) - -
435132 J Zimbabwe Greater Farvic Tannahill -(i) - -
435125 J Zimbabwe Greater Farvic Tannahill -(i) - -
435124 J Zimbabwe Greater Farvic Tannahill -(i) - -
435123 J Zimbabwe Greater Farvic Tannahill -(i) - -
435126 J Zimbabwe Greater Farvic Tannahill -(i) - -
435128 J Zimbabwe Greater Farvic Tannahill -(i) - -

Prospect Resources Limited | ACN 124 354 329

Suite 6, 245 Churchill Ave. Subiaco WA 6008 | Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

Website: prospectresources.com.au | Email: [email protected]

==> picture [245 x 35] intentionally omitted <==

Tenement Type
**& Number **
Country Project Registered
Company
Name
% Held at
End of
**Quarter **
% Acquired
During
**Quarter **
% Disposed
During
**Quarter **
435127J Zimbabwe Greater Farvic Tannahill -(i) - -
482950 J Zimbabwe Greater Farvic Tannahill -(i) - -
482951 J Zimbabwe Greater Farvic Tannahill -(i) - -
482952J Zimbabwe Greater Farvic Tannahill -(i) - -
482953 J Zimbabwe Greater Farvic Tannahill -(i) - -
482954 J Zimbabwe Greater Farvic Tannahill -(i) - -
482955 J Zimbabwe Greater Farvic Tannahill -(i) - -
482956 J Zimbabwe Greater Farvic Tannahill -(i) - -
482957 J Zimbabwe Greater Farvic Tannahill -(i) - -
482958 J Zimbabwe Greater Farvic Tannahill -(i) - -
482959 J Zimbabwe Greater Farvic Tannahill -(i) - -
482904 J Zimbabwe Greater Farvic Tannahill -(i) - -
482905 J Zimbabwe Greater Farvic Tannahill -(i) - -
482906 J Zimbabwe Greater Farvic Tannahill -(i) - -
482907 J Zimbabwe Greater Farvic Tannahill -(i) - -
482908 J Zimbabwe Greater Farvic Tannahill -(i) - -
482909 J Zimbabwe Greater Farvic Tannahill -(i) - -
482909 J Zimbabwe Greater Farvic Tannahill -(i) - -
482909 J Zimbabwe Greater Farvic Tannahill -(i) - -
482912J Zimbabwe Greater Farvic Tannahill -(i) - -
482913 J Zimbabwe Greater Farvic Tannahill -(i) - -
482914 J Zimbabwe Greater Farvic Tannahill -(i) - -
482916 J Zimbabwe Greater Farvic Tannahill -(i) - -
482915 J Zimbabwe Greater Farvic Tannahill -(i) - -
482917 J Zimbabwe Greater Farvic Tannahill -(i) - -
482918 J Zimbabwe Greater Farvic Tannahill -(i) - -
482919 J Zimbabwe Greater Farvic Tannahill -(i) - -
482920 J Zimbabwe Greater Farvic Tannahill -(i) - -
482940 J Zimbabwe Greater Farvic Tannahill -(i) - -
482941 J Zimbabwe Greater Farvic Tannahill -(i) - -
482942 J Zimbabwe Greater Farvic Tannahill -(i) - -
482943 J Zimbabwe Greater Farvic Tannahill -(i) - -
482944 J Zimbabwe Greater Farvic Tannahill -(i) - -
482945 J Zimbabwe Greater Farvic Tannahill -(i) - -
482946 J Zimbabwe Greater Farvic Tannahill -(i) - -
482947J Zimbabwe Greater Farvic Tannahill -(i) - -
482948 J Zimbabwe Greater Farvic Tannahill -(i) - -
482949 J Zimbabwe Greater Farvic Tannahill -(i) - -
482901J Zimbabwe Greater Farvic Tannahill -(i) - -
482902 J Zimbabwe Greater Farvic Tannahill -(i) - -
435235 J Zimbabwe Greater Farvic Tannahill -(i) - -
435236 J Zimbabwe Greater Farvic Tannahill -(i) - -
435237 J Zimbabwe Greater Farvic Tannahill -(i) - -
435238 J Zimbabwe Greater Farvic Tannahill -(i) - -
435239 J Zimbabwe Greater Farvic Tannahill -(i) - -
435240 J Zimbabwe Greater Farvic Tannahill -(i) - -
435241 J Zimbabwe Greater Farvic Tannahill -(i) - -
435242J Zimbabwe Greater Farvic Tannahill -(i) - -
435243 J Zimbabwe Greater Farvic Tannahill -(i) - -

Prospect Resources Limited | ACN 124 354 329

Suite 6, 245 Churchill Ave. Subiaco WA 6008 | Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

Website: prospectresources.com.au | Email: [email protected]

==> picture [245 x 35] intentionally omitted <==

Tenement Type
**& Number **
Country Project Registered
Company
Name
% Held at
End of
**Quarter **
% Acquired
During
**Quarter **
% Disposed
During
**Quarter **
435244J Zimbabwe Greater Farvic Tannahill -(i) - -
435245 J Zimbabwe Greater Farvic Tannahill -(i) - -
435246 J Zimbabwe Greater Farvic Tannahill -(i) - -
435247J Zimbabwe Greater Farvic Tannahill -(i) - -
435248 J Zimbabwe Greater Farvic Tannahill -(i) - -
435249 J Zimbabwe Greater Farvic Tannahill -(i) - -
435250 J Zimbabwe Greater Farvic Tannahill -(i) - -
435251 J Zimbabwe Greater Farvic Tannahill -(i) - -
435252 J Zimbabwe Greater Farvic Tannahill -(i) - -
435253 J Zimbabwe Greater Farvic Tannahill -(i) - -
435254 J Zimbabwe Greater Farvic Tannahill -(i) - -
435255 J Zimbabwe Greater Farvic Tannahill -(i) - -
482903 J Zimbabwe Greater Farvic Tannahill -(i) - -
483034J Zimbabwe Greater Farvic Tannahill -(i) - -
483033 J Zimbabwe Greater Farvic Tannahill -(i) - -
483035 J Zimbabwe Greater Farvic Tannahill -(i) - -
483047J Zimbabwe Greater Farvic Tannahill -(i) - -
483048 J Zimbabwe Greater Farvic Tannahill -(i) - -
483045 J Zimbabwe Greater Farvic Tannahill -(i) - -
483016 J Zimbabwe Greater Farvic Tannahill -(i) - -
483055 J Zimbabwe Greater Farvic Tannahill -(i) - -
483056 J Zimbabwe Greater Farvic Tannahill -(i) - -
483057J Zimbabwe Greater Farvic Tannahill -(i) - -
483058 J Zimbabwe Greater Farvic Tannahill -(i) - -
483059 J Zimbabwe Greater Farvic Tannahill -(i) - -
483005 J Zimbabwe Greater Farvic Tannahill -(i) - -
483006 J Zimbabwe Greater Farvic Tannahill -(i) - -
483007 J Zimbabwe Greater Farvic Tannahill -(i) - -
483062J Zimbabwe Greater Farvic Tannahill -(i) - -
483061 J Zimbabwe Greater Farvic Tannahill -(i) - -
483004 J Zimbabwe Greater Farvic Tannahill -(i) - -
483003 J Zimbabwe Greater Farvic Tannahill -(i) - -
435227 J Zimbabwe Greater Farvic Tannahill -(i) - -
483000 J Zimbabwe Greater Farvic Tannahill -(i) - -
483008 J Zimbabwe Greater Farvic Tannahill -(i) - -
483060 J Zimbabwe Greater Farvic Tannahill -(i) - -
483009 J Zimbabwe Greater Farvic Tannahill -(i) - -
483010 J Zimbabwe Greater Farvic Tannahill -(i) - -
483012J Zimbabwe Greater Farvic Tannahill -(i) - -
483011 J Zimbabwe Greater Farvic Tannahill -(i) - -
483054 J Zimbabwe Greater Farvic Tannahill -(i) - -
483053 J Zimbabwe Greater Farvic Tannahill -(i) - -
483014 J Zimbabwe Greater Farvic Tannahill -(i) - -
483051 J Zimbabwe Greater Farvic Tannahill -(i) - -
483052J Zimbabwe Greater Farvic Tannahill -(i) - -
483050 J Zimbabwe Greater Farvic Tannahill -(i) - -
483049 J Zimbabwe Greater Farvic Tannahill -(i) - -
483048 J Zimbabwe Greater Farvic Tannahill -(i) - -
483019 J Zimbabwe Greater Farvic Tannahill -(i) - -

Prospect Resources Limited | ACN 124 354 329

Suite 6, 245 Churchill Ave. Subiaco WA 6008 | Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

Website: prospectresources.com.au | Email: [email protected]

==> picture [245 x 35] intentionally omitted <==

Tenement Type
**& Number **
Country Project Registered
Company
Name
% Held at
End of
**Quarter **
% Acquired
During
**Quarter **
% Disposed
During
**Quarter **
483018 J Zimbabwe Greater Farvic Tannahill -(i) - -
483017 J Zimbabwe Greater Farvic Tannahill -(i) - -
483015 J Zimbabwe Greater Farvic Tannahill -(i) - -
483013 J Zimbabwe Greater Farvic Tannahill -(i) - -
482999 J Zimbabwe Greater Farvic Tannahill -(i) - -
482997 J Zimbabwe Greater Farvic Tannahill -(i) - -
482996 J Zimbabwe Greater Farvic Tannahill -(i) - -
482995 J Zimbabwe Greater Farvic Tannahill -(i) - -
435234 J Zimbabwe Greater Farvic Tannahill -(i) - -
435233 J Zimbabwe Greater Farvic Tannahill -(i) - -
435232 J Zimbabwe Greater Farvic Tannahill -(i) - -
435231 J Zimbabwe Greater Farvic Tannahill -(i) - -
435230 J Zimbabwe Greater Farvic Tannahill -(i) - -
435229 J Zimbabwe Greater Farvic Tannahill -(i) - -
435228 J Zimbabwe Greater Farvic Tannahill -(i) - -
435211 J Zimbabwe Greater Farvic Tannahill -(i) - -
435209 J Zimbabwe Greater Farvic Tannahill -(i) - -
435210 J Zimbabwe Greater Farvic Tannahill -(i) - -
435196 J Zimbabwe Greater Farvic Tannahill -(i) - -
435197J Zimbabwe Greater Farvic Tannahill -(i) - -
435199 J Zimbabwe Greater Farvic Tannahill -(i) - -
435198 J Zimbabwe Greater Farvic Tannahill -(i) - -
435200 J Zimbabwe Greater Farvic Tannahill -(i) - -
435201 J Zimbabwe Greater Farvic Tannahill -(i) - -
435214 J Zimbabwe Greater Farvic Tannahill -(i) - -
435213 J Zimbabwe Greater Farvic Tannahill -(i) - -
435215 J Zimbabwe Greater Farvic Tannahill -(i) - -
435217 J Zimbabwe Greater Farvic Tannahill -(i) - -
435219 J Zimbabwe Greater Farvic Tannahill -(i) - -
435221 J Zimbabwe Greater Farvic Tannahill -(i) - -
435216 J Zimbabwe Greater Farvic Tannahill -(i) - -
435218 J Zimbabwe Greater Farvic Tannahill -(i) - -
435220 J Zimbabwe Greater Farvic Tannahill -(i) - -
483222 J Zimbabwe Greater Farvic Tannahill -(i) - -
435224J Zimbabwe Greater Farvic Tannahill -(i) - -
435223 J Zimbabwe Greater Farvic Tannahill -(i) - -
435203 J Zimbabwe Greater Farvic Tannahill -(i) - -
435212 J Zimbabwe Greater Farvic Tannahill -(i) - -
435204J Zimbabwe Greater Farvic Tannahill -(i) - -
435205 J Zimbabwe Greater Farvic Tannahill -(i) - -
435206 J Zimbabwe Greater Farvic Tannahill -(i) - -
435202J Zimbabwe Greater Farvic Tannahill -(i) - -
435207 J Zimbabwe Greater Farvic Tannahill -(i) - -
435208 J Zimbabwe Greater Farvic Tannahill -(i) - -
483020 J Zimbabwe Greater Farvic Tannahill -(i) - -
483021 J Zimbabwe Greater Farvic Tannahill -(i) - -
483023 J Zimbabwe Greater Farvic Tannahill -(i) - -
483025 J Zimbabwe Greater Farvic Tannahill -(i) - -
483043 J Zimbabwe Greater Farvic Tannahill -(i) - -

Prospect Resources Limited | ACN 124 354 329

Suite 6, 245 Churchill Ave. Subiaco WA 6008 | Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

Website: prospectresources.com.au | Email: [email protected]

==> picture [245 x 35] intentionally omitted <==

Tenement Type
**& Number **
Country Project Registered
Company
Name
% Held at
End of
**Quarter **
% Acquired
During
**Quarter **
% Disposed
During
**Quarter **
483044J Zimbabwe Greater Farvic Tannahill -(i) - -
483032 J Zimbabwe Greater Farvic Tannahill -(i) - -
483030 J Zimbabwe Greater Farvic Tannahill -(i) - -
483041J Zimbabwe Greater Farvic Tannahill -(i) - -
483042 J Zimbabwe Greater Farvic Tannahill -(i) - -
483029 J Zimbabwe Greater Farvic Tannahill -(i) - -
483028 J Zimbabwe Greater Farvic Tannahill -(i) - -
483026 J Zimbabwe Greater Farvic Tannahill -(i) - -
483027 J Zimbabwe Greater Farvic Tannahill -(i) - -
483040 J Zimbabwe Greater Farvic Tannahill -(i) - -
483036 J Zimbabwe Greater Farvic Tannahill -(i) - -
483037 J Zimbabwe Greater Farvic Tannahill -(i) - -
483038 J Zimbabwe Greater Farvic Tannahill -(i) - -
483039 J Zimbabwe Greater Farvic Tannahill -(i) - -
482994 J Zimbabwe Greater Farvic Tannahill -(i) - -
482992 J Zimbabwe Greater Farvic Tannahill -(i) - -
482991J Zimbabwe Greater Farvic Tannahill -(i) - -
482993 J Zimbabwe Greater Farvic Tannahill -(i) - -
482990 J Zimbabwe Greater Farvic Tannahill -(i) - -
482983 J Zimbabwe Greater Farvic Tannahill -(i) - -
482984 J Zimbabwe Greater Farvic Tannahill -(i) - -
482982 J Zimbabwe Greater Farvic Tannahill -(i) - -
482989 J Zimbabwe Greater Farvic Tannahill -(i) - -
482988 J Zimbabwe Greater Farvic Tannahill -(i) - -
482985 J Zimbabwe Greater Farvic Tannahill -(i) - -
482987J Zimbabwe Greater Farvic Tannahill -(i) - -
482986 J Zimbabwe Greater Farvic Tannahill -(i) - -
482981 J Zimbabwe Greater Farvic Tannahill -(i) - -
482980 J Zimbabwe Greater Farvic Tannahill -(i) - -
482979 J Zimbabwe Greater Farvic Tannahill -(i) - -
482978 J Zimbabwe Greater Farvic Tannahill -(i) - -
482977J Zimbabwe Greater Farvic Tannahill -(i) - -
482975 J Zimbabwe Greater Farvic Tannahill -(i) - -
482974 J Zimbabwe Greater Farvic Tannahill -(i) - -
483024J Zimbabwe Greater Farvic Tannahill -(i) - -
435225 J Zimbabwe Greater Farvic Tannahill -(i) - -
435226 J Zimbabwe Greater Farvic Tannahill -(i) - -
483063 J Zimbabwe Greater Farvic Tannahill -(i) - -
483064J Zimbabwe Greater Farvic Tannahill -(i) - -
483065 J Zimbabwe Greater Farvic Tannahill -(i) - -
483066 J Zimbabwe Greater Farvic Tannahill -(i) - -
483067J Zimbabwe Greater Farvic Tannahill -(i) - -
483068 J Zimbabwe Greater Farvic Tannahill -(i) - -
483464 J Zimbabwe Greater Farvic Tannahill -(i) - -
483465 J Zimbabwe Greater Farvic Tannahill -(i) - -
483466 J Zimbabwe Greater Farvic Tannahill -(i) - -
483469 J Zimbabwe Greater Farvic Tannahill -(i) - -
483467J Zimbabwe Greater Farvic Tannahill -(i) - -
483468 J Zimbabwe Greater Farvic Tannahill -(i) - -

Prospect Resources Limited | ACN 124 354 329

Suite 6, 245 Churchill Ave. Subiaco WA 6008 | Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

Website: prospectresources.com.au | Email: [email protected]

==> picture [245 x 35] intentionally omitted <==

Tenement Type
**& Number **
Country Project Registered
Company
Name
% Held at
End of
**Quarter **
% Acquired
During
**Quarter **
% Disposed
During
**Quarter **
483471J Zimbabwe Greater Farvic Tannahill -(i) - -
483470 J Zimbabwe Greater Farvic Tannahill -(i) - -
483473 J Zimbabwe Greater Farvic Tannahill -(i) - -
483472J Zimbabwe Greater Farvic Tannahill -(i) - -
483508 J Zimbabwe Greater Farvic Tannahill -(i) - -
483507 J Zimbabwe Greater Farvic Tannahill -(i) - -
483518 J Zimbabwe Greater Farvic Tannahill -(i) - -
483515 J Zimbabwe Greater Farvic Tannahill -(i) - -
483514 J Zimbabwe Greater Farvic Tannahill -(i) - -
483511J Zimbabwe Greater Farvic Tannahill -(i) - -
483513 J Zimbabwe Greater Farvic Tannahill -(i) - -
483512 J Zimbabwe Greater Farvic Tannahill -(i) - -
483510 J Zimbabwe Greater Farvic Tannahill -(i) - -
483509 J Zimbabwe Greater Farvic Tannahill -(i) - -
483473 J Zimbabwe Greater Farvic Tannahill -(i) - -
483475 J Zimbabwe Greater Farvic Tannahill -(i) - -
483476 J Zimbabwe Greater Farvic Tannahill -(i) - -
483478 J Zimbabwe Greater Farvic Tannahill -(i) - -
483479 J Zimbabwe Greater Farvic Tannahill -(i) - -
483480 J Zimbabwe Greater Farvic Tannahill -(i) - -
483481 J Zimbabwe Greater Farvic Tannahill -(i) - -
483482 J Zimbabwe Greater Farvic Tannahill -(i) - -
483506 J Zimbabwe Greater Farvic Tannahill -(i) - -
483505 J Zimbabwe Greater Farvic Tannahill -(i) - -
483504 J Zimbabwe Greater Farvic Tannahill -(i) - -
483502J Zimbabwe Greater Farvic Tannahill -(i) - -
483501 J Zimbabwe Greater Farvic Tannahill -(i) - -
483500 J Zimbabwe Greater Farvic Tannahill -(i) - -
063742J Zimbabwe Greater Farvic Tannahill -(i) - -
003509 M Zimbabwe Greater Farvic Mixnote -(i) - -
003530 M Zimbabwe Greater Farvic Mixnote -(i) - -
003527 M Zimbabwe Greater Farvic Mixnote -(i) - -
H 046672 Zimbabwe Greater Farvic Mixnote -(i) - -
H 046681 Zimbabwe Greater Farvic Mixnote -(i) - -
H046682 Zimbabwe Greater Farvic Mixnote -(i) - -
H046676 Zimbabwe Greater Farvic Mixnote -(i) - -
H 046675 Zimbabwe Greater Farvic Mixnote -(i) - -
H 046674 Zimbabwe Greater Farvic Mixnote -(i) - -
H046673 Zimbabwe Greater Farvic Mixnote -(i) - -
003524 M Zimbabwe Greater Farvic Mixnote -(i) - -
003525 M Zimbabwe Greater Farvic Mixnote -(i) - -
H046677 Zimbabwe Greater Farvic Mixnote -(i) - -
003522 M Zimbabwe Greater Farvic Mixnote -(i) - -
H 046678 Zimbabwe Greater Farvic Mixnote -(i) - -
H 46679 Zimbabwe Greater Farvic Mixnote -(i) - -
003508 M Zimbabwe Greater Farvic Mixnote -(i) - -
H 046680 Zimbabwe Greater Farvic Mixnote -(i) - -
003523M Zimbabwe Greater Farvic Mixnote -(i) - -
003510M Zimbabwe Greater Farvic Mixnote -(i) - -

Prospect Resources Limited | ACN 124 354 329

Suite 6, 245 Churchill Ave. Subiaco WA 6008 | Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

Website: prospectresources.com.au | Email: [email protected]

==> picture [245 x 35] intentionally omitted <==

Tenement Type
**& Number **
Country Project Registered
Company
Name
% Held at
End of
**Quarter **
% Acquired
During
**Quarter **
% Disposed
During
**Quarter **
003511 M Zimbabwe Greater Farvic Mixnote -(i) - -
003512 M Zimbabwe Greater Farvic Mixnote -(i) - -
003513 M Zimbabwe Greater Farvic Mixnote -(i) - -
003514 M Zimbabwe Greater Farvic Mixnote -(i) - -
003515 M Zimbabwe Greater Farvic Mixnote -(i) - -
003516 M Zimbabwe Greater Farvic Mixnote -(i) - -
003517 M Zimbabwe Greater Farvic Mixnote -(i) - -
003518 M Zimbabwe Greater Farvic Mixnote -(i) - -
003519 M Zimbabwe Greater Farvic Mixnote -(i) - -
003520M Zimbabwe Greater Farvic Mixnote -(i) - -
003583M Zimbabwe Greater Farvic Farvic -(i) - -

(i) Hawkmoth can earn a 51% interest by spending USD$1.5m within 24 months. Hawkmoth can earn the remaining 49% interest by spending a further USD$1.5m within the next 12 months.

Prospect Resources Limited | ACN 124 354 329

Suite 6, 245 Churchill Ave. Subiaco WA 6008 | Phone: +61 8 9217 3300 | Fax: +61 8 9388 3006

Website: prospectresources.com.au | Email: [email protected]