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RED MOUNTAIN MINING LIMITED — Interim / Quarterly Report 2012
Jan 30, 2013
65719_rns_2013-01-30_7cef437f-508d-4b43-8097-157ab2bbc6b4.pdf
Interim / Quarterly Report
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ASX ANNOUNCEMENT
31 JANUARY 2013
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December Quarter 2012 Report
HIGHLIGHTS
-
Red Mountain Mining (“Red Mountain”, “the Company”) formally completed the acquisition of key copper-gold assets in the Philippines, including a 100% direct and indirect interest in the Batangas Gold Project and a 75% direct and indirect interest in certain tenements at Tapian San Francisco,
-
discovered and commenced delineation of the West Drift high-grade epithermal gold system at Lobo, Batangas,
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intersected high-grade gold at Archangel, Batangas, open to the northwest, and
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produced high-grade gold results from trenches at South West Breccia and nearby Japanese Tunnel, Lobo, Batangas.
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The Company remains in a strong financial position, with $3.3 million in cash as at 31December 2012 .
BATANGAS GOLD DRILLING
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Following a review of targets on the Lobo project, a diamond drillhole program to test the West Drift epithermal lode structure commenced 27 November.
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Two drillholes were completed at West Drift during the December quarter, LB-66 and LB-67. Both drillholes produced significant intersections that confirmed the general trend of increasing gold grade with depth with the addition of high-grade copper in LB-67. The highlights were LB-67: 4.6m @ 5.83 g/t Au, 4.11% Cu from 152.8m downhole including 2.8m @ 7.79 g/t Au, 6.57% Cu and in LB-66: 8.60m at 2.53g/t Au from 136.6m depth downhole including 0.85m at 5.59g/t Au and 1.0m at 4.62g/t Au.
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Drilling continues at West Drift with the addition of a second rig in January 2013 to test the entire 400m+ strike length of the West Drift high-grade gold target.
-
The initial drilling program at Archangel to December 2012 included 10 structural diamond drill holes for a total of 1,793m. All drillholes intersected gold mineralisation, including high-grade gold in KTD 199: 2.2m at 36.53 g/t Au from 203m downhole including 1.2m at 62.09 g/t Au. The mineralisation remains open to the northwest.
1
ASX code: RMX ABN 40 119568106
COMPANY DIRECTORS Neil Warburton Executive Chairman Keith Rowe Non-Executive 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]
Jon Dugdale Executive Director Michael Wolley Non-Executive Director Shannon Coates Company Secretary
COMPLETED PHILIPPINE PROJECTS ACQUSITION
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On 30 October 2012 Red Mountain formally completed the acquisition of advanced gold projects and copper gold tenements in the Philippines for a consideration of 100 million Red Mountain shares to Mindoro Resources Ltd (“Mindoro”) worth in value around A$10 million at closing.
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The acquisition includes a 100% direct and indirect interest in the Batangas Gold Project and a 75% direct and indirect interest in certain tenements at Tapian San Francisco, excluding the Tibur EPA and Canaga MPSA that are the subject of a Further Restructure Agreement.
CORPORATE
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Following completion of the Philippines projects acquisition, 100 million Red Mountain ordinary shares were issued to the vendor, Mindoro. These shares will remain in escrow for 12 months until 30 October 2013.
-
An additional 50 million performance shares have been issued to Mindoro but are conditional on certain milestones being met by 30 October 2013.
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Red Mountain raised A$1 million from sophisticated investors in December and remains in a strong financial position with A$3.3 million in cash and no debt as at 31 December 2012.
Portfolio of projects in key mining districts
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MAP KEY
Gold and Cu-Au project
Didipio Cu-Au
Batangas Gold Projects (Oceana) Major Deposit
Recent major discovery
(100% beneficial interest)
• Archangel(Gold) Major Gold project
• Lobo (Gold)
• El Paso, Calo, Talahib (Cu-Au)
Masbate Gold 200,000oz pa (CGA Mining)
Sianna Gold 85,000oz pa
(Red 5)
Co-O Gold 100,000oz pa
Tapian San Francisco Project (Medusa Mining)
(75% beneficial interest)
• TSF and Canaga (Cu-Au) Tampakan, Cu-Au, BFS
(Xtrata/Indophil)
----- End of picture text -----
Figure 1: Red Mountain Mining Philippine Projects Location
2
COMPANY DIRECTORS Neil Warburton Executive Chairman Keith Rowe Non-Executive Director
ASX code: RMX ABN 40 119568106
CONTACT DETAILS RED MOUNTAIN MINING LTD Head Office Unit 1, 2 Richardson Street West Perth Western Australia 6005 www.redmm.com.au [email protected]
Jon Dugdale Executive Director Michael Wolley Non-Executive Director Shannon Coates Company Secretary
LOBO DRILLING AND TRENCHING, BATANGAS
A review of available data at Lobo, Batangas, highlighted potential for the discovery of additional high-grade gold mineralisation within the over 10 kilometres strike-length of epithermal vein-breccia structures that have been mapped at Lobo. Key initial targets are the West Drift lode structure below and along strike from the historic Lobo copper mine and Japanese Tunnel on the the South West Breccia (SWB) lode structure.
Subsequently a diamond drillhole program to test the West Drift epithermal lode structure was commenced on the 27 November 2013 and a trenching program was commenced at SWB and immediately to the south at Japanese Tunnel.
The drilling at West Drift is targeting a greater than 400m strike length of identified mineralisation below the old Lobo copper mine where limited drilling by the previous owner identified a generally increasing gold grade with depth within the structure.
Two drillholes were completed at West Drift during the December quarter, LB-66 and LB-67, for a total of 415.5m. Both drillholes produced significant intercepts that confirmed the general trend of increasing gold grade with depth with the addition of high-grade copper in LB-67. The highlights were LB-67: 4.6m @ 5.83 g/t Au, 4.11% Cu from 152.8m downhole including 2.8m @ 7.79 g/t Au, 6.57% Cu and in LB-66: 8.60m at 2.53g/t Au from 136.6m depth downhole including 0.85m at 5.59g/t Au and 1.0m at 4.62g/t Au .
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Figure 2: The Lobo Epithermal Gold Structures
3
ASX code: RMX COMPANY DIRECTORS ABN 40 119568106 Neil Warburton Jon Dugdale Executive Chairman Executive Director Keith Rowe Michael Wolley Non-Executive Director Non-Executive Director Shannon Coates 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]
Results are summarised in Table 1 below and recent intersections shown on the longitudinal projection of the West Drift lode structure, see Figure 3 below.
Table 1: Summary of results from LB 66 and LB 67:
| Drill hole | Northing (Grid) |
Easting (Grid) |
Azimuth (Mag) |
Dip | Depth m |
From m |
To m | DH m |
Au g/t |
Ag g/t |
Cu % | Pb % | Zn % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LB 66 | 10,645 | 9,228 | 325° | -85° | 219.05 | 109.9 | 111.9 | 2.0 | 2.98 | 21.2 | 0.29 | 0.32 | 0.33 |
| Including | 109.9 | 110.9 | 1.0 | 4.27 | 26.5 | 0.37 | 0.43 | 0.42 | |||||
| LB 66 | 136.65 | 145.25 | 8.6 | 2.53 | 4.63 | 0.31 | <0.1 | <0.1 | |||||
| Including | 136.65 | 137.65 | 1.0 | 4.62 | 3.3 | 0.24 | <0.1 | <0.1 | |||||
| Including | 143.5 | 144.35 | 0.85 | 5.59 | 16.5 | 0.15 | <0.1 | <0.1 | |||||
| LB 67 | 10,623 | 9,200 | 145° | -84° | 196.45 | 152.8 | 157.4 | 4.6 | 5.83 | 12.9 | 4.11 | <0. 1 | <0.1 |
| Including | 153.8 | 156.6 | 2.8 | 7.79 | 13.6 | 6.57 | <0.1 | <0.1 | |||||
| Total | 415.50 |
The drilling program at West Drift has been accelerated in January 2013 with the deployment of an additional diamond drill rig to test the entire 400m+ strike length of the West Drift high-grade gold target.
A further three holes (LB68,LB69, LB70) in the program have now been completed and all intersected strongly mineralised lode structures. Results will be announced in due course.
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Figure 3: West Drift, Lobo, Longitudinal Projection of Drilling Results
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ASX code: RMX COMPANY DIRECTORS CONTACT DETAILS ABN 40 119568106 Neil Warburton Jon Dugdale RED MOUNTAIN MINING LTD Executive Chairman Executive Director Head Office Keith Rowe Michael Wolley Unit 1, 2 Richardson Street Non-Executive Director Non-Executive Director West Perth Western Australia 6005 Shannon Coates www.redmm.com.au Company Secretary [email protected]
South West Breccia Trenching
A trenching program was commenced at South West Breccia (“SWB”) and along strike to the southwest at Japanese Tunnel prospect.
Channel sampling above the SWB resource was completed with samples at 1m intervals along the channels. Highlights included 9.50m at 13.53g/t Au including 1m at 41.80 g/t Au and 6m at 23.55g/t Au including 1m at 30.79 g/t Au .
In addition rock chip channel sampling at Japanese Tunnel, 150m southwest of SWB, returned results of 5m at 10.43g/t Au including 1m at 25.14g/t Au and 2m at 18.12 g/t Au including 1m at 28.69g/t Au.
The trenching and outcrop sampling program has been ramped up significantly in 2013 with the addition of two crews to sample interpreted extensions of the Lobo epithermal lode structures.
ARCHANGEL DRILLING , BATANGAS
Drilling continued at Archangel during the quarter with a further four holes completed for a total of 809m. The total program at Archangel consisted of 10 drillholes for a total of 1,793m. All 10 drillholes intersected gold mineralisation. The objectives of the program were twofold: i) to better define and structurally orientate the higher grade zones for Mineral Resource estimation and ii) to extend the higher-grade zones at depth below the existing Mineral Resources.
Significant drilling results during the quarter that confirmed the continuity and structural orientation of the higher grade mineralisation, were as follows:
KTD 196: 20.55m @ 1.66 g/t Au from 21.15m including 2m @ 5.03 g/t Au .
KTD 195: 9.3m @ 3.55 g/t Au, 19.21 g/t Ag from 41.1m incl. 3.95m @ 6.27 g/t Au
KTD 199-12: 2.20m @ 36.53 g/t Au from 203m including 1.2m @ 62.0g/t Au . This intersection occurs on the contact of an intrusive dyke close to the domed contact with the overlying volcanics that host the bulk of the Kay Tanda resources, and is open at depth and to the northwest.
The locations of these drillholes are shown on Figure 4 below.
All results received during the December quarter are summarised in Table 2 below.
5
ASX code: RMX ABN 40 119568106
COMPANY DIRECTORS CONTACT DETAILS Neil Warburton Jon Dugdale RED MOUNTAIN MINING LTD Executive Chairman Executive Director Head Office Keith Rowe Michael Wolley Unit 1, 2 Richardson Street Non-Executive Director Non-Executive Director West Perth Western Australia 6005 Shannon Coates www.redmm.com.au Company Secretary [email protected]
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Figure 4: Archangel Resources Area with Recent Drilling Results
Table 2: Archangel Drill hole results for the December quarter, 2012:
| Drill hole | Northg (Grid) |
Easting (Grid) |
Azimth (Mag) |
Dip | Depth m |
From m | To m | DH m | Au g/t | Ag g/t |
Cu % |
Pb % |
Zn % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KTD191 to 193 results previous quarter | 527.85 | ||||||||||||
| KTD194-12 | 9,999 | 9,877 | 48° | -63° | 217.75 | 182.0 | 184.0 | 2.00 | 2.4 | 5.75 | 0.63 | 3.8 | 7 |
| KTD195-12 | 9,409 | 9,582 | 48° | -50° | 149.7 | 41.1 | 50.4 | 9.30 | 3.55 | 19.2 | <0.1 | <0.1 | <0.1 |
| Including | 45.55 | 49.5 | 3.95 | 6.27 | 21.4 | <0.1 | <0.1 | <0.1 | |||||
| KTD196-12 | 9,882 | 9,940 | 48° | -60° | 122.1 | 21.15 | 41.7 | 20.55 | 1.66 | 1.33 | <0.1 | <0.1 | <0.1 |
| Including | 22.15 | 24.15 | 2.00 | 5.03 | 2.80 | <0.1 | <0.1 | <0.1 | |||||
| KTD197-12 | 9769 | 10126 | 294° | -67° | 150.95 | 128.9 | 133.6 | 4.65 | 1.27 | 1.76 | <0.1 | <0.1 | 0.4 |
| KTD198-12 | 9882 | 9940 | 48° | -45° | 153.5 | 15.9 | 41.2 | 25.3 | 1.22 | 2.07 | <0.1 | <0.1 | <0.1 |
| Including | 17.9 | 24.9 | 7 | 1.93 | 3.33 | <0.1 | <0.1 | <0.1 | |||||
| KTD199-12 | 9805 | 9673 | 347° | -47° | 218.65 | 99.30 | 99.65 | 0.35 | 0.35 | 23.8 | 2.39 | 3.22 | 1.51 |
| KTD199-12 | 99.65 | 106.25 | 6.6 | 2.63 | <0.5 | <0.1 | <0.1 | <0.1 | |||||
| Including | 99.65 | 102.85 | 3.2 | 3.84 | <0.5 | <0.1 | <0.1 | <0.1 | |||||
| Including | 100.35 | 101.35 | 1 | 7.45 | <0.5 | <0.1 | <0.1 | <0.1 | |||||
| KTD199-12 | 128.65 | 129.65 | 1 | 6.82 | 0.50 | <0.1 | <0.1 | <0.1 | |||||
| KTD199-12 | 203 | 205.2 | 2.2 | 36.53 | 0.50 | <0.1 | <0.1 | <0.1 | |||||
| Including | 203 | 204.2 | 1.2 | 62.09 | 0.70 | <0.1 | <0.1 | <0.1 | |||||
| KTD200-12 | 9805 | 9673 | 137.00 | -45° | 252.3 | 6.20 | 43.90 | 37.70 | 1.03 | ||||
| Including | 26.80 | 37.45 | 10.65 | 1.66 | |||||||||
| KTD200-12 | 54.10 | 55.40 | 1.30 | 3.43 |
Further drilling at Archangel will be planned following a review of new Mineral Resource Estimates (released 30[th] January 2013) and further trenching results.
6
ASX code: RMX ABN 40 119568106
COMPANY DIRECTORS Neil Warburton Executive Chairman Keith Rowe Non-Executive Director
CONTACT DETAILS Jon Dugdale RED MOUNTAIN MINING LTD Executive Director Head Office Michael Wolley Unit 1, 2 Richardson Street Non-Executive Director West Perth Western Australia 6005 Shannon Coates www.redmm.com.au Company Secretary [email protected]
COMPANY STATUS AND OUTLOOK
The Company remains in a strong financial position, with $3.3 million in cash and no debt as at 31 December 2012.
Having completed the Philippine projects acquisition, received positive results from initial drilling and strengthened the board and management team, the Company will focus on expanding the higher-grade resource base and building a platform for establishing a future standalone gold operation.
For further information about Red Mountain Mining please visit www.redmm.com.au or contact:
Company Media Neil Warburton Kevin Skinner Executive Chairman Field Public Relations (+61) 408935014 (+61)414822631 (+61 8) 9226 5668 (+61 8) 82349555
About Red Mountain Mining Limited
Red Mountain Mining (ASX: RMX) is primarily a gold explorer and project acquisition company incorporated in Australia in May 2006. The Company’s strategy is to unlock the potential of ‘under-developed’ gold and polymetallic projects in the Asian region by introducing Australian mining methods and improving efficiencies to gain significant production and exploration upside.
Competent Person Statement
The information in this report relating to Exploration Results 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 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Dugdale is a full time employee and Executive Director of Red Mountain Mining Ltd. Mr Dugdale consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
7
ASX code: RMX ABN 40 119568106
COMPANY DIRECTORS Neil Warburton Executive Chairman Keith Rowe Non-Executive 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]
Jon Dugdale Executive Director Michael Wolley Non-Executive Director Shannon Coates Company Secretary
Appendix 5B Mining exploration entity quarterly report
Rule 5.3
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
RED MOUNTAIN MINING LIMITED
ABN 40 119 568 106
Quarter ended (“current quarter”) 31 December 2012
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 (refer to explanation in 1.25) (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 (6 months) $A’000 |
|---|---|---|
| 67 (316) 0 0 (663) 0 17 0 0 0 |
77 (529) 0 0 (1,135) 0 37 0 0 0 |
|
| (895) | (1,550) | |
| 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 (refer to explanation in 1.25) 1.11 Loans repaid by other entities 1.12 Other (Business acquisition-cash received) Net investing cash flows 1.13 Total operating and investing cash flows (carried forward) |
0 0 (1) 0 0 0 (250) 0 183 |
0 0 (1) 0 0 0 (650) 0 183 |
| (68) | (468) | |
| (963) | (2,018) |
- See chapter 19 for defined terms.
Appendix 5B Page 1
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Appendix 5B Mining exploration entity quarterly report
| 1.13 Total operating and investing cash flows (brought forward) |
(963) | (2,018) |
|---|---|---|
| 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 |
1,052 0 0 0 0 0 |
1,052 0 0 0 0 0 |
| 1,052 | 1,052 | |
| 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 |
89 3,287 (125) |
(966) 4,380 (163) |
| 3,251 | 3,251 |
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 |
|---|---|---|
| 179 | ||
| 0 | ||
| 1.25 | Explanation necessaryfor an understandingof the transactions | |
| Item 1.2 (a) Payments of $529,000 are related to resources valuation, remodelling, geological consulting services. Item 1.10 Loans of $650,000 are in relation to funding drilling and exploration program at the Batangas project, Philippines since August 2012. |
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 |
|---|---|
| The company has acquired approximately $10m worth of exploration assets in the Philippines by means of issuing 100m ASX listed Red Mountain Mining Shares to Mindoro. |
|
| 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.
Appendix 5B Page 2
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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 $A’000 |
Amount used $A’000 |
|---|---|---|
| 0 | 0 | |
| 40 | 6 | |
Estimated cash outflows for next quarter
| 4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration |
$A’000 |
|---|---|
| 1,307 | |
| 594 | |
| Total | 1,901 |
Reconciliation of cash
| onciliation of cash | ||
|---|---|---|
| nciliation of cash at the end of the quarter (as n in the consolidated statement of cash flows) to lated items in the accounts is as follows. |
Current quarter $A’000 |
Previous quarter $A’000 |
| Cash on hand and at bank Deposits at call Bank overdraft Other (provide details) |
2,682 | 1,718 |
| 569 | 1,569 | |
| 0 | 0 | |
| 0 | 0 | |
| Total: cash at end of quarter(item 1.22) | 3,251 | 3,287 |
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.
- 5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (provide details)
Changes in interests in mining tenements
| 6.1 Interests in mining tenements relinquished, reduced or lapsed |
Tenement reference | Nature of interest (note (2)) |
Interest at beginning of quarter |
Interest at end of quarter |
|---|---|---|---|---|
- See chapter 19 for defined terms.
Appendix 5B Page 3
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Appendix 5B Mining exploration entity quarterly report
| 6.2 Interests in mining tenements acquired or increased |
Archangel | MPSA-177-2002-IV | 100% | |
|---|---|---|---|---|
| Lobo | MPSA-176-2002-IV | 100% | ||
| Calo | EP-IVA-006 | 100% | ||
| El Paso | EP-IVA-009 | 100% | ||
| Pica | EP-IVA-007 | 100% | ||
| Biga | EP-IVA-008 | 100% | ||
| Philex | EP-IVA-010 | 100% | ||
| Talahib | EP-IVA-011 | 100% | ||
| Rosario | EP-IVA-014 | 100% | ||
| East Lobo | EP-IVA-015 | 100% | ||
| Batangas Extension | EPA-IVA-103 | 100% | ||
| Calo Extension | EPA-IVA-102 | 100% | ||
| SW Lobo | EPA-IVA-093 | 100% | ||
| Villena | EPA-IVA-106 | 100% | ||
| TSF-Tapian Main | EP-16-XIII | 75% | ||
| West Canaga | EP-22-XIII | 75% | ||
| North Tapian | EPA-106-XIII | 75% |
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 |
179,060,026 Fully Paid Ordinary Shares 50,000,000 Performance Shares |
64,546,875 | - | - |
- See chapter 19 for defined terms.
Appendix 5B Page 4
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Appendix 5B Mining exploration entity quarterly report
| 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs |
100,000,000 Fully Paid Ordinary Shares 50,000,000 Performance Shares |
- | - | |
|---|---|---|---|---|
| 7.5 +Convertible debt securities (description) 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 |
58,287,474 | - | Exercise price 1,718,433 at $0.20 27,728,125 at $0.20 15,000,000 at $0.20 1,000,000 at $0.20 4,420,458 at $0.25 4,420,458 at $0.35 2,000,000 at $0.25 2,000,000 at$0.50 |
Expiry date 12/09/2013 30/06/2014 15/09/2016 30/10/2017 31/07/2014 31/07/2016 01/07/2014 01/07/2016 |
| 15,000,000 1,000,000 |
- | $0.20 $0.20 |
15/09/2016 30/10/2017 |
|
| - | - | - | - | |
| - | - | - | - | |
| 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.
-
See chapter 19 for defined terms.
Appendix 5B Page 5
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Appendix 5B Mining exploration entity quarterly report
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Sign here: _____
Date: 31 January 2013
(Company secretary)
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.
Appendix 5B Page 6
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