PTR MINERALS LTD — Interim / Quarterly Report 2009

Jul 28, 2009

Appendix 5B Mining exploration entity quarterly report

Rule 5.3

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

PETRATHERM LTD

	ABN 17 106 806 884 Consolidated statement of cash flows		Quarter ended (“current quarter”) 30th JUNE 2009	Quarter ended (“current quarter”) 30th JUNE 2009
			30th JUNE 2009
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 (Joint Venture Repayments) Other (REDI Grant Proceeds) Other (R & D Tax Offset) Other (APP Grant Funding) Net Operating Cash Flows		Current quarter $A’000		Year to date (12.months) $A’000
		(3,352) (344) 52 - - 5,285 - - 15		(9,478) (2,494) 187 - - 10,343 707 566 75
		1,656		(94)
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		(42)		(116)
		(42)		(116)

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

1.13 Total operating and investing cash flows (brought forward)	1614	(210)
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 (Share issue expenses) Net financing cash flows	7,598 - - - - (359)	9,003 - - - - (359)
	7,239	8,644
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 of quarter	8,853 4,168 (19)	8,434 4,586 (18)
	13,002	13,002

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
		113
		-
1.25	Explanation necessaryfor an understandingof the transactions
	Directors’ fees, superannuation.

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.

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Appendix 5B Mining exploration entity quarterly report

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 outflow Joint Venture contributions & Grants Net Outflow 4.2 Development 4.3 Administration Costs		$A’000
		10,400 (6,640) 3,760
		-
		721
Total		4,481

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 Bank overdraft 5.4 Other (provide details)	12,855	3,877
	147	291
Total: cash at end of quarter(item 1.22)	**13,002 **	4,168

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
	GEL 157 GEL 179		100% 100%	0% 0%

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.

• See chapter 19 for defined terms.

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	Total number	Number quoted	Issue price per security (see note 3) (cents)	Amount paid up per security (see note 3) (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	92,213,673	92,213,673	Fully Paid	Fully Paid
	27,249,047	27,249,047	Fully Paid	Fully Paid
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted

• See chapter 19 for defined terms.

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7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter	2,000,000 250,000 30,000 200,000 200,000 30,000 650,000 750,000 200,000 40,000 20,000 40,000 400,000 200,000 140,000 400,000 15,000 50,000 450,000 75,000		Exercise price $0.20 $0.20 $0.40 $0.32 $0.37 $0.32 $0.32 $0.37 $0.53 $0.91 $0.91 $0.90 $0.91 $0.97 $1.20 $0.76 $0.67 $0.56 $0.42 $0.50	Expiry date 26/07/2009 27/07/2009 31/12/2010 21/05/2011 21/05/2011 29/05/2011 30/04/2012 30/04/2013 1/01/2012 4/03/2012 21/03/2012 31/05/2012 31/05/2012 25/06/2012 7/01/2013 6/07/2013 31/08/2013 6/10/2013 27/11/2013 30/06/2014
	75,000		$0.50	30/06/2014
	600,000 400,000		$0.20 $0.20	4/04/2009 27/07/2009
	20,000 30,000 50,000		$0.93 $1.20 $0.42	25/06/2012 6/01/2013 27/11/2013
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 4).

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

matters disclosed.

Sign here: ............................................................ Date: 30[th] June 2009

Print name: DONALD STEPHENS

(Company secretary)

• See chapter 19 for defined terms.

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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 apply 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.

== == == == ==

• See chapter 19 for defined terms.

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