RED MOUNTAIN MINING LIMITED — Interim / Quarterly Report 2013

Oct 22, 2012

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

RED MOUNTAIN MINING LIMITED

40 119 568 106 30 September 2012

ABN Quarter ended ("current quarter")

Year to date (3 months)

Current quarter $A'000

Consolidated statement of cash flows

Cash flows related to operating activities

			$A'000
1.1	Receipts from product sales and related debtors	10	10
1.2	Payments for(a) exploration & evaluation	(213)	(213)
	(refer to explanation in 1.25)
	(b) development	0	0
	(c) production	0	0
	(d) administration	(472)	(472)
1.3	Dividends received	0	0
1.4	Interest and other items of a similar naturereceived	20	20
1.5	Interest and other costs of finance paid	0	0
1.6	Income taxes paid	0	0
1.7	Other (provide details if material)	0	0
	Net Operating Cash Flows	(655)	(655)
	Cash flows related to investing activities
1.8	Payment for purchases of: (a) prospects	0	0
	(b) equity investments	0	0
	(c) other fixed assets	0	0
1.9	Proceeds from sale of:(a) prospects	0	0
	(b) equity investments	0	0
	(c) other fixed assets	0	0
1.10	Loans to other entities	(400)	(400)
	(refer to explanation in 1.25)
1.11	Loans repaid by other entities	0	0
1.12	Other (provide details if material)	0	0
	Net investing cash flows	(400)	(400)
1.13	Total operating and investing cash flows	(1,055)	(1,055)

+ See chapter 19 for defined terms.

1.13	Total operating and investing cash flows(brought forward)	(1,055)	(1,055)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc.	0	0
1.15	Proceeds from sale of forfeited shares	0	0
1.16	Proceeds from borrowings	0	0
1.17	Repayment of borrowings	0	0
1.18	Dividends paid	0	0
1.19	Other (provide details if material)	0	0
Net financing cash flows		0	0
	Net increase (decrease) in cash held	(1,055)	(1,055)
1.20	Cash at beginning of quarter/year to date	4,380	4,380
1.21	Exchange rate adjustments to item 1.20	(38)	(38)
1.22	Cash at end of quarter	3,287	3,287

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	134
1.24	Aggregate amount of loans to the parties included in item 1.10	0

1.25 Explanation necessary for an understanding of the transactions Item 1.2 (a) Payments of $213,000 are related to valuation and geological consulting services including resource modelling. Item 1.10 Loans of $400,000 are in relation to funding drilling and exploration program at the Batangas project.

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
• 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

+ 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	0	0
3.2	Credit standby arrangements	40	16

Estimated cash outflows for next quarter

4.1	Exploration and evaluation	$A'0001,180
4.2	Development
4.3	Production
4.4	Administration	536
	Total	1,716

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		1,718	1,811
5.2	Deposits at call	1,569	2,569
5.3	Bank overdraft	0	0
5.4	Other (provide details)	0	0
	Total: cash at end of quarter (item 1.22)	3,287	4,380

Changes in interests in mining tenements

		Tenement reference	Nature of interest(note (2))	Interest atbeginning of	Interest atend of
				quarter	quarter
6.1	Interests in miningtenements relinquished,reduced or lapsed

+ See chapter 19 for defined terms.

6.2 Interests in mining tenements acquired or increased

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	Amount paid up per
				security (see note 3)	security (see note 3)
				(cents)	(cents)
7.1	Preference	-	-	-	-
	+securities
	(description)
7.2	Changes during	-	-	-	-
	quarter
	(a) Increases
	through issues
	(b) Decreases
	through returns
	of capital, buybacks,
	redemptions
7.3	+Ordinary	79,060,026	64,546,875	-	-
	securities
7.4	Changes during			-	-
	quarter
	(a) Increases
	through issues
	(b) Decreases
	through returns
	of capital, buy
	backs
7.5	+Convertible	-	-	-	-
	debt securities
	(description)
7.6	Changes during	-	-	-	-
	quarter
	(a) Increases
	through issues
	(b) Decreases
	through
	securities
	matured,converted
7.7	Options	42,287,474	-	Exercise price	Expiry date
	(description and			$0.20	12/09/2013
	conversion			$0.20	30/06/2014
	factor)			$0.25	31/07/2014
				$0.35	31/07/2016
				$0.25	01/07/2014
				$0.50	01/07/2016
7.8	Issued during	2,000,000	-	$0.25	01/07/2014
	quarter	2,000,000		$0.50	01/07/2016

+ See chapter 19 for defined terms.

7.9	Exercised duringquarter	-	-	-	-
7.10	Expired duringquarter	-	-	-	-
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: 23 October 2012

Print name: SHANNON COATES

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.