PTR MINERALS LTD — Interim / Quarterly Report 2012

Jan 30, 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
PETRATHERMLTD

ABN Quarter ended ("current quarter") 17 106 806 884 31 December 2011

Consolidated statement of cash flows

		Current quarter	Year to date (6
	Cash flows related to operating activities	$A'000	months)
			$A'000
1.1	Receipts from product sales and relateddebtors	-	-
1.2	Payments for(a) exploration & evaluation(b) development	(1,026)--	(1,573)--
	(c) production(d) administration	(431)	(855)
1.3	Dividends received	-	-
1.4	Interest and other items of a similar naturereceived	39	47
1.5	Interest and other costs of finance paid	-	-
1.6	Income taxes paid	-	-
1.7	Other (Joint Venture Repayments)	128	352
		(1290)	(2,029)
	Net Operating Cash Flows
	Cash flows related to investing activities
1.8	Payment for purchases of:(a) prospects	-	-
	(b) equity investments
	(c) other fixed assets	(1)	(4)
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)	-	-
		(1)	(4)
	Net investing cash flows
1.13	Total operating and investing cash flows	(1,291)	(2,033)
	(carried forward)

Rule 5.3

+ See chapter 19 for defined terms.

1.13	Total operating and investing cash flows	(1,291)	(2,033)
	(brought forward)
	Cash flows related to financing
	activities
1.14	Proceeds from issues of shares, options, etc.	459	2,748
1.15	Proceeds from sale of forfeited shares	-	-
1.16	Proceeds from borrowings	-	-
1.17	Repayment of borrowings	-	(27)
1.18	Dividends paid	-	-
1.19	Other (share issue costs)	(37)	(210)
	Net financing cash flows	422	2,511
	Net increase (decrease) in cash held	(869)	478
1.20	Cash at beginning of quarter/year to date	3,274	1,928
1.21	Exchange rate adjustments to item 1.20	(3)	(4)
		2,402	2,402
1.22	Cash at end of quarter

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	143
1.24	Aggregate amount of loans to the parties included in item 1.10	-

1.25 Explanation necessary for an understanding of the transactions

Directors' fees, wages and superannuation for the quarter

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

Estimated cash outflows for next quarter

		$A'000
4.1	Exploration and evaluation	287
	R & D Tax offset	(227)
	Net Exploration Outflow	60
4.2	Development	-
4.3	Production	-
4.4	Administration	377
		437
	Total

Reconciliation of cash

follows.	Reconciliation of cash at the end of the quarter (asshown in the consolidated statement of cashflows) to the related items in the accounts is as	Current quarter$A'000	Previous quarter$A'000
5.1	Cash on hand and at bank	212	384
5.2	Deposits at call	2,190	2,890
5.3	Bank overdraft	-	-
5.4	Other (provide details)	-	-
	Total: cash at end of quarter (item 1.22)	2,417	3,274

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

+ See chapter 19 for defined terms.

6.2	Interests in miningtenements acquired orincreased

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 (seenote 3) (cents)	Amount paid upper security (seenote 3) (cents)
7.1	Preference+securities(description)	-	-	-	-
7.2	Changes duringquarter(a) Increasesthrough issues	-	-	-	-
	(b) Decreasesthrough returnsof capital, buybacks,redemptions	-	-	-	-
7.3	+Ordinarysecurities	148,731,583	148,731,583	Fully Paid	Fully Paid
7.4	Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough returnsof capital, buybacks	3,668,000-	3,668,000-	Fully Paid-	Fully Paid-
7.5	+Convertibledebtsecurities(description)	-	-	-	-
7.6	Changes duringquarter(a) Increasesthrough issues(b) Decreases	-	-	-	-
	throughsecuritiesmatured,converted	-	-	-	-

+ See chapter 19 for defined terms.

7.7	Options			Exercise price	Expiry date
	(description and	650,000		$0.32	30/04/2012
	conversion	750,000		$0.37	30/04/2013
	factor)	100,000		$0.53	1/01/2012
		40,000		$0.91	4/03/2012
		40,000		$0.90	31/05/2012
		400,000		$0.90	31/05/2012
		200,000		$0.97	25/06/2012
		20,000		$0.91	21/03/2012
		215,000		Various	Various
		150,000		$0.42	27/11/2013
		75,000		$0.50	30/06/2014
		550,000		$0.50	23/12/2014
		300,000		$0.53	3/01/2015
		75,000		$0.38	19/04/2015
		3,100,000		$0.24	4/01/2015
		500,000		$0.29	4/01/2015
		1,235,000		$0.20	5/07/2015
		1,460,000		$0.15	30/01/2016
7.8	Issued during
	quarter
7.9	Exercised
	during quarter
7.10	Expired during
	quarter
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 give a true and fair view of the matters disclosed.

Sign here: ............................................................ Date: 25 (Company secretary)

th January 2012

Print name: Donald Stephens................................

+ See chapter 19 for defined terms.

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.