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RED MOUNTAIN MINING LIMITED — Interim / Quarterly Report 2013
Oct 29, 2013
65719_rns_2013-10-29_270fea2d-0fd8-45be-a476-55ab7e50cf57.pdf
Interim / Quarterly Report
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30 October 2013
ASX ANNOUNCEMENT
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September Quarter 2013 Report
HIGHLIGHTS
- Results of five diamond drill holes completed at the Japanese Tunnel Exploration Target, Lobo Project, indicate a southwest plunging shoot still open to the southwest and at depth.
Best results:
LB-82: 8.7m at 4.34 g/t Au from 2.9m, including 3.7m @ 8.62 g/t Au; and
LB-85: 3.7m @ 3.06 g/t Au, 8.7 g/t Ag, 2.26% Cu from 12.3m, including 1.55m @ 5.97 g/t Au, 18.4 g/t Ag and 4.88% Cu.
Exploration of extensions to the Japanese Tunnel epithermal gold target was in progress at quarters end.
- Two diamond drillholes completed at the Pica Exploration Target, Lobo Project, tested multiple epithermal veins and, in one hole, intersected a steep easterly dipping epithermal quartz-barite-sulphide vein, producing the following high grade intersection:
PC-07: 2.5m @ 9.2 g/t Au, 28.4 g/t Ag, 8.6% Zn from 97.9m including 1.0m at 14.2 g/t Au, 38.6 g/t Ag, 9.5% Zn.
-
Independent scoping study commenced to determine the viability and potential of a mining and processing gold project based on existing resources; targeted for completion in mid December 2013.
-
$2.2 million (before costs) raised during the quarter, completing the Company’s pro rata rights issue which raised a total of $2.8 million (before costs).
-
The Company had $1.65 million in cash and no debt as at 30 September 2013 .
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ASX code: RMX ABN 40 119568106
COMPANY DIRECTORS Neil Warburton Michael Wolley Non-Executive Chairman Non-Executive Director Jon Dugdale Shannon Coates Managing Director Company Secretary
CONTACT DETAILS RED MOUNTAIN MINING LTD Head Office Unit 1, 2 Richardson Street West Perth Western Australia 6005 www.redmm.com.au [email protected]
Portfolio of Projects in Key Mining Districts of the Philippines:
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Red Mountain Mining Philippines Projects Location
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ASX code: RMX ABN 40 119568106
COMPANY DIRECTORS Neil Warburton Non-Executive Chairman Jon Dugdale Managing Director
CONTACT DETAILS RED MOUNTAIN MINING LTD Head Office Unit 1, 2 Richardson Street West Perth Western Australia 6005 www.redmm.com.au [email protected]
Michael Wolley Non-Executive Director Shannon Coates Company Secretary
BATANGAS GOLD PROJECT, LOBO DRILLING AND SURFACE SAMPLING
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Figure 1: Lobo Epithermal Gold Prospect with exploration targets
Japanese Tunnel Exploration Target, Lobo Prospect
A total of five diamond drill holes for 251.25m tested the Japanese Tunnel Exploration Target immediately beneath surface trenching results of 5m at 10.43 g/t Au including 1m at 25.14 g/t Au and 2m at 18.12 g/t Au and 5m @ 6.63 g/t Au, 9.9 g/t Ag, 11.47 % Cu. A 40m strike length zone was tested to shallow depth of less than 30m below surface. The first diamond drillhole, LB-82, intersected:
- 8.7m at 4.34 g/t Au, 13.9 g/t Ag, 0.89% Cu from 2.9m down hole depth including 3.7m @ 8.62 g/t Au .
Subsequent drilling included two drill holes southwest and northeast of LB-82 respectively, producing the following intersections:
-
LB-85: 3.7m @ 3.06 g/t Au, 8.7 g/t Ag, 2.26% Cu from 12.3m down hole depth including 1.55m @ 5.97 g/t Au, 18.4 g/t Ag and 4.88% Cu immediately to the southwest of LB-82; and
-
LB-86: 3.25m @ 1.36 g/t Au, 5.34 g/t Ag, 0.82 % Cu from 19.5m down hole depth including 1.1m @ 2.02 g/t Au, 13.13 g/t Ag, 2.04% Cu .
These initial results have effectively tested the structure to the northeast but indicate a southwest plunging shoot, still open to the southwest and at depth (see longitudinal projection in Figure 3).
ASX code: RMX COMPANY DIRECTORS CONTACT DETAILS ABN 40 119568106 Neil Warburton Michael Wolley RED MOUNTAIN MINING LTD Non-Executive Chairman Non-Executive Director Head Office Jon Dugdale Shannon Coates Unit 1, 2 Richardson Street Managing Director Company Secretary West Perth Western Australia 6005 www.redmm.com.au [email protected]
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Mapping, southwest of Japanese Tunnel, indicates the structure continues for at least 500m along strike before it is covered by a veneer of post-mineralisation limestone. Soil sampling and surface rock-chip sampling of this area was in progress at quarters end.
Japanese Tunnel drilling results are summarised in Table 1 below:
| Drill hole | North Grid |
East Grid |
Azi Mag |
Dip | Depth m |
From m |
To m | DH m | Au g/t | Ag g/t | Cu % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LB82-13 | 9984 | 10003 | 145° | -45° | 50 | 2.9 | 11.6 | 8.7 | 4.34 | 13.8 | 0.89 |
| incl. | 2.9 | 6.6 | 3.7 | 8.62 | 26.9 | 1.66 | |||||
| Incl. | 5.55 | 6.1 | 0.55 | 16.8 | 9.0 | 1.7 | |||||
| 16.35 | 17.65 | 1.3 | 1.46 | 1.7 | 0.05 | ||||||
| 20.0 | 23.4 | 3.4 | 1.37 | 1.51 | 0.22 | ||||||
| LB83-13 | 9975 | 9998 | 145° | -45° | 49.9 | 1.0 | 4.0 | 3.0 | 1.07 | 2.23 | 0.14 |
| 27.5 | 28.5 | 1.0 | 1.77 | 1.9 | 0.22 | ||||||
| LB84-13 | 9964 | 9997 | 144° | -44.8° | 49.95 | 27.6 | 29.6 | 2.0 | 1.98 | 1.95 | 0.01 |
| LB85-13 | 9973 | 9986 | 145° | -47.3° | 51.2 | 5.6 | 7.6 | 2.0 | 1.8 | 6.03 | 1.11 |
| 12.3 | 16.0 | 3.7 | 3.06 | 8.71 | 2.26 | ||||||
| Incl. | 12.3 | 13.85 | 1.55 | 5.97 | 18.4 | 4.88 | |||||
| Incl. | 12.3 | 12.8 | 0.5 | 9.7 | 34.8 | 8.29 | |||||
| 14.8 | 16 | 1.2 | 1.57 | 2.29 | 0.42 | ||||||
| 18.2 | 18.5 | 0.3 | 2.09 | 3.1 | 0.54 | ||||||
| LB86-13 | 10000 | 10000 | 143° | -45° | 50.1 | 19.5 | 22.75 | 3.25 | 1.36 | 5.34 | 0.82 |
| incl. | 19.5 | 20.6 | 1.1 | 2.02 | 13.13 | 2.04 | |||||
| 27.3 | 30.85 | 3.55 | 1.25 | 2.42 | 0.34 | ||||||
| incl. | 27.3 | 28.85 | 1.55 | 2.38 | 5.88 | 0.46 | |||||
| Total 5h | 251.25 |
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Figure 2: Cross section through the Japanese Tunnel drillhole LB-82 and surface trenching
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COMPANY DIRECTORS Neil Warburton Non-Executive Chairman Jon Dugdale Managing Director
CONTACT DETAILS Michael Wolley RED MOUNTAIN MINING LTD Non-Executive Director Head Office Shannon Coates Unit 1, 2 Richardson Street Company Secretary West Perth Western Australia 6005 www.redmm.com.au [email protected]
ASX code: RMX ABN 40 119568106
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Figure 3: Longitudinal Projection through Japanese Tunnel with Southwest Breccia
Pica Exploration Target, Lobo Prospect
Two diamond drillholes for 384.75m were completed at the Pica Target during the quarter.
Diamond drillhole PC-07 intersected a steeply dipping epithermal quartz-baritesulphide vein and produced the following high grade intersection:
-
2.5m @ 9.2 g/t Au, 28.4 g/t Ag, 8.6% Zinc (Zn) from 97.9m downhole,
-
including 1.0m @ 14.2 g/t Au, 38.6 g/t Ag, 9.5% Zn .
PC 07 also produced a thick porphyry copper-gold-zinc intersection of:
- 141.85m @ 0.23 g/t Au, 0.19% Cu, 0.2% Zn including 100.4m @ 0.3 g/t Au, 1.56 g/t Ag, 0.2% Cu, 0.28% Zn from 54.5m depth downhole.
A second drill hole, PC08-13, 27m to the northeast along strike, did not produce a significant gold intersection and may have drilled above the epithermal vein structure. The drilling has downgraded the potential for a shallow open-pitable resource but potential remains to define high grade epithermal vein and/or porphyry Cu-Au-(Zn) resources. Full results are tabulated below:
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ASX code: RMX ABN 40 119568106
COMPANY DIRECTORS CONTACT DETAILS Neil Warburton Michael Wolley RED MOUNTAIN MINING LTD Non-Executive Chairman Non-Executive Director Head Office Jon Dugdale Shannon Coates Unit 1, 2 Richardson Street Managing Director Company Secretary West Perth Western Australia 6005 www.redmm.com.au [email protected]
| Drill hole |
Nth Grid |
East Grid |
Azi Mag |
Dip | Depth m |
From m |
To m | DH m | Au g/t |
Ag g/t |
Cu % | Pb % |
Zn % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PC-07 | 9555 | 8205 | 45° | -80° | 247.9 | 97.90 | 100.40 | 2.50 | 9.20 | 28.4 | 0.10 | 3.8 | 8.6 |
| incl. | 99.40 | 100.40 | 1.00 | 14.2 | 32.9 | 0.16 | 4.1 | 9.5 | |||||
| 120.35 | 120.8 | 0.45 | 1.37 | 38.6 | 0.43 | 3.2 | 5.9 | ||||||
| 54.50 | 196.35 | 141.85 | 0.23 | 1.00 | 0.19 | 0.09 | 0.20 | ||||||
| Incl. | 54.50 | 154.90 | 100.40 | 0.30 | 1.56 | 0.20 | 0.12 | 0.28 | |||||
| Incl. | 165.65 | 196.35 | 30.70 | 0.05 | 0.31 | 0.21 | <.05 | <.05 | |||||
| PC-08 | 9581 | 8260 | 325° | -45° | 136.85 | 60.4 | 69.1 | 8.70 | 0.03 | <0.5 | 0.13 | <.05 | <.05 |
| 2 holes | 384.75 |
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Figure 4: Cross section through the Pica gold prospect, 9555N
Development Scoping Study
During the quarter, the Company commenced an independent scoping study into a gold mining and processing plant at its Batangas Gold Project. The study is targeted for completion by mid December 2013.
The scoping study will examine the viability and potential of a mining and processing plant in the Municipality of Lobo. The scoping study will initially be based on the current Indicated and Inferred Mineral Resources totalling:
CONTACT DETAILS Michael Wolley RED MOUNTAIN MINING LTD Non-Executive Director Head Office Shannon Coates Unit 1, 2 Richardson Street Company Secretary West Perth Western Australia 6005 www.redmm.com.au [email protected]
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ASX code: RMX COMPANY DIRECTORS ABN 40 119568106 Neil Warburton Non-Executive Chairman Jon Dugdale Managing Director
5.78 million tonnes at 2.2 g/t Au and 3.3 g/t Ag, containing 408,000 ounces of gold and 606,000 ounces of silver at a lower cut-off grade of 0.85 g/t Au (2004 JORC).
Various consulting and engineering companies have been appointed to conduct the study including Sedgman Limited – processing engineering; Crystal Sun Consulting – mining and infrastructure options; Minercon International Inc. – metallurgy; Technotrix Consultancy Services Inc. – environmental and social; and Resource Development Consultants Ltd – geotechnical, processing site and tailings storage facility.
All current defined Mineral Resources are contained within granted Mineral Production Sharing Agreements (the Philippines equivalent of Mining Leases) and the majority of the near surface Mineral Resources at Southwest Breccia (SWB), Lobo and Kay Tanda, Archangel, are in the Indicated Resource category.
The Company will continue to target high-grade, near surface gold mineralisation at its Japanese Tunnel and Pica Exploration Targets.
CORPORATE
During the quarter, the Company completed its pro rata renounceable rights issue, as announced on 15 May 2013 (“Rights Issue”), with the issue of the second tranche, comprising an additional 221,033,039 shares, 110,516,520 short-dated options, exercisable at 1.5 cents each on or before 30 June 2014, and 55,258,260 long-dated options, exercisable at 3 cents each on or before 30 June 2016, for a total consideration of $2.2 million (before costs). Total funds raised under the Rights Issue were $2.8 million, or $2.5 million net of costs.
The second tranche of the Rights Issue was significantly oversubscribed.
COMPANY STATUS AND OUTLOOK
Drilling and other field activities re-commenced on 1 August 2013. However, the Company has retained reduced salaries for the Board and Executives and the employees on site have been retained at reduced numbers. Despite this, staff at the Company’s operations have remained extremely productive in terms of exploration, community relations, environmental performance and safety – which has continued to improve markedly with no lost time incidents occurring since a significant safety review and workshop was conducted in February 2013.
The Philippines based exploration team continues to discover new zones of epithermal gold mineralisation, particularly at Lobo where mineralisation is typically near surface and high grade. Drilling targets will be carefully selected and tested on a campaign basis to maximize the potential to define Mineral Resources, while also preserving funds through a proportion of payment to contractors in shares.
The recently commenced scoping study, targeted for completion in mid December 2013, will aim to demonstrate the viability of development of a gold project with the potential to generate cash flow to the Company in the medium term.
At 30 September 2013, the Company had $1.65 million in cash and no debt.
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ASX code: RMX COMPANY DIRECTORS ABN 40 119568106 Neil Warburton Michael Wolley Non-Executive Chairman Non-Executive Director Jon Dugdale Shannon Coates Managing Director Company Secretary
CONTACT DETAILS RED MOUNTAIN MINING LTD Head Office Unit 1, 2 Richardson Street West Perth Western Australia 6005 www.redmm.com.au [email protected]
For further information about Red Mountain please visit www.redmm.com.au or contact:
Company Investors Media Jon Dugdale Matt Birney Managing Director Birney Corporate (+61) 402 298026 (+61) 419 217 090 (+61) 8 9226 5668 (+61)8 9226 5668 E : [email protected] E : [email protected]
About Red Mountain Mining Limited
Red Mountain Mining (ASX: RMX) is primarily a gold explorer and project acquisition company which listed on the ASX in September 2011. The Company’s strategy is to unlock the potential of ‘under-developed’ gold and polymetallic projects in the greater Asian region by introducing Australian mining methods and improving efficiencies to gain significant production and exploration upside.
The Company holds direct and indirect interests in tenements in the Philippines that contain significant gold resources and several high-quality copper-gold prospects.
Total Mineral Resources at Batangas at a 0.85 g/t Au lower cut off include Indicated Resources of 2.76 million tonnes @ 2.3 g/t Au, 208,000 oz Au and Inferred Resources of 3.02 million tonnes @ 2.1 g/t Au, 200,000 oz Au for a total of 5.78 million tonnes at 2.2 g/t Au, 408,000oz Au (announced January 30[th] 2013, 2004 JORC). The Company is focussed on upgrading the Batangas resources through discovery of new, high grade, gold zones at Archangel, and Lobo (e.g. Japanese Tunnel, West Drift, Pica, Ulupong). The Company will continue drilling with the objective of increasing the size and grade of the Mineral Resources at Batangas and completing a scoping study to demonstrate the viability of a potential high-margin gold project development.
Other gold opportunities will be reviewed on a continuous basis.
Competent Person Statement
The information in this report relating to Exploration Results, Exploration Targets and Mineral Resources is based on information compiled by Mr Jon Dugdale who is a Fellow of the Australasian Institute of Mining and Metallurgy and has sufficient exploration experience which is relevant to the various styles of mineralisation under consideration to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Dugdale is a full time employee and Managing Director of Red Mountain Mining Ltd. Mr Dugdale takes responsibility and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
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ASX code: RMX ABN 40 119568106
COMPANY DIRECTORS Neil Warburton Non-Executive Chairman Jon Dugdale Managing Director
CONTACT DETAILS RED MOUNTAIN MINING LTD Head Office Unit 1, 2 Richardson Street West Perth Western Australia 6005 www.redmm.com.au [email protected]
Michael Wolley Non-Executive Director Shannon Coates Company Secretary
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
RED MOUNTAIN MINING LIMITED
| ABN 40 119 568 106 |
Quarter ended (“current quarter”) |
|---|---|
| 40 119 568 106 | 30 September 2013 |
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) exploration & 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 (provide details if material) Net Operating Cash Flows |
Current quarter $A’000 |
Year to date (3 months) $A’000 |
|---|---|---|
| 17 (973) - - (551) - 1 - - - |
17 (973) - - (551) - 1 - - - |
|
| (1,506) | (1,506) | |
| 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 1.13 Total operating and investing cash flows (carried forward) |
- - - - - - - - - |
- - - - - - - - - |
| - | - | |
| (1,506) | (1,506) |
- See chapter 19 for defined terms.
01/05/2013 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) |
(1,506) | (1,506) |
|---|---|---|
| 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 (provide details if material) Net financing cash flows |
2,163 - - - - - |
2,163 - - - - - |
| 2,163 | 2,163 | |
| 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 |
657 991 (2) |
657 991 (2) |
| 1,646 | 1,646 |
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 |
|---|---|---|
| 103 | ||
| 1.25 | Explanation necessaryfor an understandingof the transactions | |
| Director fees and executive salaries. |
Non-cash financing and investing activities
| 2.1 2.2 |
Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows |
|---|---|
| Details of outlays made by other entities to establish or increase their share in projects in which the reportingentityhas an interest |
|
- 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
Financing facilities available
Add notes as necessary for an understanding of the position.
| Amount available | Amount used | ||
|---|---|---|---|
| $A’000 | $A’000 | ||
| 3.1 | Loan facilities | - | - |
| 3.2 | Credit standby arrangements | 40 | - |
Estimated cash outflows for next quarter
| 4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration |
$A’000 |
|---|---|
| 606 | |
| - | |
| - | |
| 128 | |
| Total | **734 ** |
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) |
807 | 923 |
| 839 | 68 | |
| - | - | |
| - | - | |
| Total: cash at end of quarter(item 1.22) | 1,646 | 991 |
- See chapter 19 for defined terms.
01/05/2013 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
| Tenement reference and location Nature of interest (note (2)) Interest at beginning ofquarter Interest at end of quarter 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 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. |
Tenement reference and location Nature of interest (note (2)) Interest at beginning ofquarter Interest at end of quarter 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 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. |
Tenement reference and location Nature of interest (note (2)) Interest at beginning ofquarter Interest at end of quarter 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 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. |
Tenement reference and location Nature of interest (note (2)) Interest at beginning ofquarter Interest at end of quarter 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 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. |
Tenement reference and location Nature of interest (note (2)) Interest at beginning ofquarter Interest at end of quarter 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 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 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 |
481,442,015 50,000,000 Performance Shares |
381,442,015 - |
- | - |
| 233,544,989 | 233,544,989 | |||
| 7.5 +Convertible debt securities (description) |
- See chapter 19 for defined terms.
Appendix 5B Page 4
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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 |
140,678,999 97,839,477 27,728,125 15,000,000 |
140,678,999 97,839,477 - - |
Exercise price $0.015 $0.03 $0.20 $0.20 |
Expiry date 30 June 2014 30 June 2016 30 June 2014 15 Sept 2016 |
| 113,179,004 56,139,486 |
113,179,004 56,139,486 |
$0.015 $0.03 |
30 June 2014 30 June 2016 |
|
| 1,718,433 | - | $0.20 | 12 Sept 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 5).
-
2 This statement does ~~/does not*~~ (delete one) give a true and fair view of the matters disclosed.
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Sign here: ............................................................ Date: 30 October 2013 Company secretary
SHANNON COATES
Print name: .........................................................
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.
- See chapter 19 for defined terms.
01/05/2013 Appendix 5B Page 5
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly 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