RENT.COM.AU LIMITED — Interim / Quarterly Report 2012

Aug 30, 2012

Appendix 4D

Half‐year Report

30 June 2012

Select Exploration Limited (formerly Select Vaccines Limited) ABN 25 062 063 692

Results for announcement to the market

June 2012 June 2011 Financial Results % change $ $ Revenue from ordinary activities Total Revenue 49% Decrease 45% Decrease 8,822 11,560 17,417 20,995 Profit/(loss) after tax attributable to members 78% Decrease (458,840) (258,470) Net Profit/(loss) for the period attributable to members 78% Decrease (458,840) (258,470)	June 2012 June 2011 Financial Results % change $ $ Revenue from ordinary activities Total Revenue 49% Decrease 45% Decrease 8,822 11,560 17,417 20,995 Profit/(loss) after tax attributable to members 78% Decrease (458,840) (258,470) Net Profit/(loss) for the period attributable to members 78% Decrease (458,840) (258,470)	June 2012 June 2011 Financial Results % change $ $ Revenue from ordinary activities Total Revenue 49% Decrease 45% Decrease 8,822 11,560 17,417 20,995 Profit/(loss) after tax attributable to members 78% Decrease (458,840) (258,470) Net Profit/(loss) for the period attributable to members 78% Decrease (458,840) (258,470)	June 2012 June 2011 Financial Results % change $ $ Revenue from ordinary activities Total Revenue 49% Decrease 45% Decrease 8,822 11,560 17,417 20,995 Profit/(loss) after tax attributable to members 78% Decrease (458,840) (258,470) Net Profit/(loss) for the period attributable to members 78% Decrease (458,840) (258,470)
	Financial Results % change Revenue from ordinary activities Total Revenue 49% Decrease 45% Decrease Profit/(loss) after tax attributable to members 78% Decrease Net Profit/(loss) for the period attributable to members 78% Decrease	June 2012 $ 8,822 11,560 (458,840) (458,840)	June 2011 $
			17,417 20,995 (258,470) (258,470)

Dividends It is not proposed that Select Exploration Limited pay a dividend.

Net Tangible Asset Backing	June 2012	June 2011
Net tangible asset backing per ordinary security	0.03 cents	0.07 cents

Other explanatory notes Refer to the Directors Report for an explanation of the operational and financial results of the Company.

The information required by listing rule 4.2A is contained in both this Appendix 4D and the attached Interim Financial Statements. These Interim Financial Statements should be read in conjunction with the most recent Annual Financial Report of the Group.

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Select Exploration Limited (formerly Select Vaccines Limited) ABN: 25 062 063 692

Interim Financial Report for the Half‐Year Ended 30 June 2012

The interi m financial r e port does not include all the not e s of the ty p e normally included i n the annua l financial report. This r e port is to b e read in c onjunction with the a n nual repor t for the ye a r ended 3 1 December 2 011.

Select Exploration Limited Interim Half Yearly Report – June 2012

Contents

Director’s Report ............................................................................................................................................... 2 Auditor’s Independence Declaration................................................................................................................. 3 Directors’ Declaration ........................................................................................................................................ 4 Statement of Comprehensive Income for the half year ended 30 June 2012 .................................................. 5 Statement of Financial Position as at 30 June 2012 .......................................................................................... 6 Statement of Changes in Equity for the half year ended 30 June 2012 ............................................................ 7 Statement of Cash Flows for the half year ended 30 June 2012 ....................................................................... 8 Notes to the financial statements for the half year ended 30 June 2012 ......................................................... 9 Independent Review Report ............................................................................................................................ 12

These interim financial statements do not include all the notes of the type normally included in the annual financial statements. Accordingly, these financial statements are to be read in conjunction with the annual financial statements for ended 31 December 2011 and any public announcements made by Select Exploration Limited during the interim reporting period in accordance with the continuous disclosure requirements of the Corporations Act 2001.

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Select Exploration Limited Interim Half Y e arly Report – J une 2012

Director’s Report

The direct o rs present t heir report together w ith the fina n cial report of Select E x ploration Limited (“th e Company”) for the half ‐ year ended 30 June 2012.

The directors of the Co m pany at an y time durin g or since the end of the half‐year a r e:

Directors

Directors
Name	Period of Directorship
Mr Mark Titc hener	Non‐Exec Appointe utive Directo d 14 Septemb r er 2010
Mr Ian Macli ver	Non‐Exec Appointe utive Chairm d 14 Septemb an er 2010
Mr Gary Seab rooke	Non‐Exec Appointe utive Directo d 10 January r 2011
Ms Cherie Le eden	Non‐Exec Appointe utive Directo d 10 January r 2011
Mr Shane Cra nswick	Managing re‐compl Director Ele iance to theA ct (to be app SX) ointed upon the Compan y’s successful

Review of Operations

During the half year ended 30 June 2012, the C ompany signed and progressed the proposed acquisition o f exploration tenements in Tanzani a as disclos e d in the A SX announ c ement dat e d 19 Marc h 2012 wit h lodgment o f the Noti c e of General Meeting dated 21 J u ne 2012 ( “ Notice”) fo r sharehold e r approval . Shareholder approval w as received on all resol u tions on 31 July 2012.

The Tanzanian transact i on involves the acquisit i on of a 100 % interest i n four (4) ke y tenement p ortfolio’s i n Tanzania t h at potentially contain units of the K aroo Sedimentary Sequence which is a geologi c al structur e that hosts major kno w n deposits in Africa, i ncluding si g nificant co k ing coal d e posits in n eighbourin g Mozambiq u e and significant coal a n d uranium d eposits in Tanzania

As part of t he process t he compan y has recen t ly changed its company name to S e lect Exploration Limite d and undergone a Share consolidati o n on a 1 for 100 basis.

The compr e hensive lo s s from ope r ations before tax for t h e half‐year of $458,84 0 compares to a loss o f $258,470 f o r the 6‐mo n ths ended 30 June 2011. The comp a ny has a ca s h balance o f $255,211 a s at 30 Jun e 2012 (2011: $1,203,37 1 ).

Auditor’s Independence Declaration

The audito r ’s independence declar a tion under s 307C of the Corporati o ns Act 200 1 is set out on page 3 fo r the half‐ye a r ended 30 J une 2012.

This report is signed in a ccordance w ith a resol u tion of the B oard of Dir e ctors

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__ _ ___ _ Ian Macliver Director 31 August 2 012

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38 Station Street Subiaco, WA 6008 PO Box 700 West Perth WA 6872 Australia

Tel: +8 6382 4600 Fax: +8 6382 4601 www.bdo.com.au

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31 August 2012

The Board of Directors Select Exploration Limited 945 Wellington Street WEST PERTH WA 6005

Dear Sirs,

DECLARATION OF INDEPENDENCE BY PETER TOLL TO THE BOARD OF DIRECTORS SELECT EXPLORATION LIMITED

As lead auditor of Select Exploration Limited for the period ended 30 June 2012, I declare that, to the best of my knowledge and belief, there have been no contraventions of:

• the auditor independence requirements of the Corporations Act 2001 in relation to the review; and

• any applicable code of professional conduct in relation to the review.

This declaration is in respect of Select Exploration L i mited.

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Peter Toll Director

BDO Audit (WA) Pty Ltd Perth, Western Australia

BDO Audit (WA) Pty Ltd ABN 79 112 284 787 is a member of a national association of independent entities which are all members of BDO (Australia) Ltd ABN 77 050 110 275, an Australian company limited by guarantee. BDO Audit (WA) Pty Ltd and BDO (Australia) Ltd are members of BDO International Ltd, a UK company limited by guarantee, and form part of the international BDO network of independent member firms. Liability limited by a scheme approved under Professional Standards Legislation (other than for the acts or omissions of financial services licensees) in each State or Territory other than Tasmania.

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Select Exploration Limited Interim Half Y e arly Report – J une 2012

Directors’ Declaration

The directors of the co m pany declare that:

1. the f inancial st a tements and notes, a s set out on pages 5 t o 11 are in accordan c e with th e Corp o rations Act 2001, inclu d ing:

2. a) complying with the Corporations R egulations 2 001, Australian Accoun t ing Standard AASB 134 : Interim Fi n ancial Repo r ting and ot h er mandat o ry professional require m ents; and

3. b) giving a tr u e and fair v iew of the company’s f inancial po s ition as at 3 0 June 20 1 2 and of it s performance for the h a lf‐year end e d on that d a te.

4. in th e directors’ opinion there are reas o nable grou n ds to belie v e that the c ompany will be able t o pay i t s debts as and when th e y become d ue and pay a ble.

This declar a tion is mad e in accorda n ce with a r e solution of t he Board o f Directors.

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__ _ ___ _

Ian Macliver Director

Dated at P e rth this 31[st] day of August 2012

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Select Exploration Limited Interim Half Yearly Report – June 2012

Statement of Comprehensive Income for the half year ended 30 June 2012

Note	Company Company 30 June 2012 $ 30 June 2011 $
Revenue from research & development activities Interest Research & development expenses Administration expenses Loss before income tax Income tax benefit Loss for the half year 2 Other comprehensive income for the half year net of tax Total comprehensive loss for the half year Half year attributable to the owners of Select Vaccines Limited Basic loss per share Diluted loss per share	2,738 3,578 8,822 17,417
	11,560 20,995 ‐ ‐ (470,400) (279,465)
	(458,840) (258,470) ‐ ‐
	(458,840) (258,470)
	‐ ‐
	(458,840) (258,470)
	(458,840) (258,470)
	(0.04 cents) (0.02 cents) n/a n/a

The accompanying notes form part of these financial statements.

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Select Exploration Limited Interim Half Yearly Report – June 2012

Statement of Financial Position as at 30 June 2012

Statement of Financial Position as at 30 June 2012
	Company Company 30 June 2012 $ 31 December 2011 $
Current assets Cash and cash equivalents Trade and other receivables (inc. prepayments and GST) Total current assets Total assets Current liabilities Trade payables Other payables Total current liabilities Total liabilities Net assets Equity Issued capital Accumulated losses Total equity	255,211 775.667 142,250 64,459
	397,461 840,126
	397,461 840,126
	43,982 27,538 ‐ ‐
	43,982 27,538
	43,982 27,538
	353,479 812,588
	37,883,647 37,883,545 (37,530,168) (37,070,957)
	353,479 812,588

The accompanying notes form part of these financial statements.

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Select Exploration Limited Interim Half Yearly Report – June 2012

Statement of Changes in Equity for the half year ended 30 June 2012

	Issued Capital $ Accumulated Losses $ Total $
Company Balance at 1 January 2011 Total comprehensive loss for the period Shares issued during the period Share issue costs Balance at 30 June 2011 Company Balance at 1 January 2012 Total comprehensive loss for the period Transactions with owners in their capacity as owners Shares issued during the period Share issue costs Balance at 30 June 2012	37,906,345 (36,396,564) 1,509,781 ‐ (258,470) (258,470)
	2,200 ‐ 2,200
	(25,000) ‐ (25,000)
	37,883,545 (36,655,034) 1,228,511
	37,883,547 (37,071,328) 812,220
	‐ (458,840) (458,840)
	100 ‐ 100 ‐ ‐ ‐
	37,883,647 (37,530,168) 353,479

The accompanying notes form part of these financial statements.

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Select Exploration Limited Interim Half Yearly Report – June 2012

Statement of Cash Flows for the half year ended 30 June 2012

Statement of Cash Flows for the half year ended 30 June 2012
	Company Company 30 June 2012 $ 30 June 2011 $
Cash flows operating activities Receipts from customers Payments to suppliers and employees Interest received Finance and interest costs Other receipts Net cash used in operating activities Cash flows from financing activities Proceeds from issue of shares Share issue costs Proceeds from issue of options Net cash provided by financing activities Net decrease in cash held Cash and cash equivalents at the beginning of the half year Cash and cash equivalents at the end of the financial period	‐ 3,553 (531,291) (219,058) 8,822 17,417 (825) ‐ 2,738 ‐
	(520,556) (198,088)
	‐ 2,200 ‐ (27,500) 100 ‐
	100 (25,300)
	(520,456) (223,388) 775,667 1,426,759
	255,211 1,203,371

The accompanying notes form part of these financial statements.

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Select Exploration Limited Interim Half Yearly Report – June 2012

Notes to the financial statements for the half year ended 30 June 2012

1. Statement of Significant Accounting Policies

(a) Basis of preparation

These general purpose financial statements for the interim half‐year reporting period ended 30 June 2012 have been prepared in accordance with the requirements of the Corporations Act 2001 and Australian Accounting Standard AASB134: Interim Financial Reporting. Compliance with Australian Accounting Standards ensures that the financial statements and notes also comply with International Financial Reporting Standards.

This interim financial report is intended to provide users with an update on the latest annual financial statements of Select Exploration Limited. As such, it does not contain information that represents relatively insignificant changes occurring during the half‐year within the Company. It is therefore recommended that this financial report be read in conjunction with the annual financial statements of the Company for the year ended 31 December 2011, together with any public announcements made during the half‐year.

The same accounting policies and methods of computation have been followed in this interim financial report as were applied in the most recent annual financial statements.

(b) Going concern

The general purpose financial statements have been prepared on a going concern basis, which contemplates continuity of normal business activities and the realisation of assets and settlement of liabilities in the normal course of business. During the half‐year ended 30 June 2012, the company incurred a net loss of $458,840 and as at 30 June 2012 had a cash balance of $255,211. The directors are currently undertaking a capital raising and are confident in successfully completing this raising. The Company therefore believes it can continue as a going concern.

2.	Net loss for the period	Company	Company
		30 June 2012	30 June 2011
		$	$
	The following revenue and expense items are relevant in explaining
	the financial performance for the interim period:
	Director fees	(91,130)	(79,998)

3. Operating Segments

Management has determined the operating segments based on the reports reviewed by the Board of Directors that are used to make strategic decisions. The entity does not have any operating segments with discrete financial information. The company does not have any customers, and all the company’s assets and liabilities are located within Australia.

The Board of Directors review internal management reports on a monthly basis that is consistent with the information provided in the statement of comprehensive income, statement of financial position and statement of cash flows. As a result, no reconciliation is required because the information as presented is what is used by the Board to make strategic decisions.

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Select Exploration Limited Interim Half Yearly Report – June 2012

4. Contingent Liabilities

There has been no change in contingent liabilities since the last annual reporting date.

5. Events Subsequent to Reporting Date

On 31 July 2012 the Company received shareholder approval for all resolutions contained in the notice of meeting (“NOM”) dated 21 June 2012 in respect of Company’s Tanzanian coal transaction. For further details please refer to the NOM and the Company’s announcements on the ASX website.

The Company changed its name from Select Vaccines Limited to Select Exploration Limited on 1 August 2012.

The Company completed a one for one hundred (1:100) share consolidation on 10 August 2012.

6. Commitments

The Company is continuing to look at acquiring new projects. As at the date of this financial report the only binding commitment on the Company is an outstanding $20,000 deposit, payable upon the execution of the Heads of Agreement in relation to the Tanzanian Acquisition.

7. Contributed Equity

a) Issued Capital

Company 30 June 2011 Shares	Company 30 June 2011 $
Ordinary Fully Paid Shares 1,132,059,057 Options 420,553,019 Total Company 30 June 2012 Shares	35,445,634 2,437,911 37,883,545
	Company 30 June 2012 $
Ordinary Fully Paid Shares 1,132,109,057 Options 420,503,019 Total	35,445,634 2,438,013 37,883,647

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Select Exploration Limited Interim Half Yearly Report – June 2012

b) Movement in Ordinary Share Capital

30 June 2011

30 June 2011
Details Number of Shares	Amount $
Opening balance 1,130,959,057 Options exercised during the half year 1,100,000 Share issue costs Balance 1,132,059,057 30 June 2012 Details Number of Shares	35,468,434 2,200 (25,000) 35,445,634
	Amount $
Opening balance 1,132,059,057 Options exercised during the half year 50,000 Share issue costs ‐ Balance 1,132,109,057	35,445,634 ‐ ‐ 35,445,634

8. Dividends

There were no Dividends paid by the company during the half year period ended 30 June 2012.

9. Related Parties

Payments of $51,967 were made during the period to Grange Consulting Group Pty Ltd of which Mr Ian Macliver is a Director and Shareholder for the provision of company secretarial, financial management and corporate advisory services.

Payments of $72,806 were made during the period to Cypress Management Services of which Mr Ian Macliver, Ms Cherie Leeden and Mr Mark Titchener are Directors and they (or their controlled entity) are a Shareholder. Payments were made for the reimbursement of travel expenses and the provision of consulting services.

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38 Station Street Subiaco, WA 6008 PO Box 700 West Perth WA 6872 Australia

Tel: +8 6382 4600 Fax: +8 6382 4601 www.bdo.com.au

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INDEPENDENT AUDITOR’S REVIEW REPORT TO THE MEMBERS OF SELECT EXPLORATION LIMITED (FORMERLY SELECT VACCINES LIMITED)

Report on the Half-Year Financial Report

We have reviewed the accompanying half-year financial report of Select Exploration Limited, which comprises the statement of financial position as at 30 June 2012, and the statement of comprehensive income, statement of changes in equity and statement of cash flows for the halfyear ended on that date, notes comprising a statement of significant accounting policies and other explanatory information, and the directors’ declaration.

Directors’ Responsibility for the Half-Year Financial Report

The directors of the disclosing entity are responsible for the preparation of the half-year financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the half-year financial report that is free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express a conclusion on the half-year financial report based on our review. We conducted our review in accordance with Auditing Standard on Review Engagements ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity , in order to state whether, on the basis of the procedures described, we have become aware of any matter that makes us believe that the half-year financial report is not in accordance with the Corporations Act 2001 including: giving a true and fair view of the disclosing entity’s financial position as at 30 June 2012 and its performance for the half-year ended on that date; and complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001 . As the auditor of Select Exploration Limited, ASRE 2410 requires that we comply with the ethical requirements relevant to the audit of the annual financial report.

A review of a half-year financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Independence

In conducting our review, we have complied with the independence requirements of the Corporations Act 2001 . We confirm that the independence declaration required by the Corporations Act 2001 , which has been given to the directors of Select Exploration Limited, would be in the same terms if given to the directors as at the time of this auditor’s report.

BDO Audit (WA) Pty Ltd ABN 79 112 284 787 is a member of a national association of independent entities which are all members of BDO (Australia) Ltd ABN 77 050 110 275, an Australian company limited by guarantee. BDO Audit (WA) Pty Ltd and BDO (Australia) Ltd are members of BDO International Ltd, a UK company limited by guarantee, and form part of the international BDO network of independent member firms. Liability limited by a scheme approved under Professional Standards Legislation (other than for the acts or omissions of financial services licensees) in each State or Territory other than Tasmania.

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Conclusion

Based on our review, which is not an audit, we have not become aware of any matter that makes us believe that the half-year financial report of Select Exploration Limited is not in accordance with the Corporations Act 2001 including:

• (a) giving a true and fair view of the disclosing entity’s financial position as at 30 June 2012 and of its performance for the half-year ended on that date; and

• (b) complying with Accounting Standard AASB 134 Interim Financial Reporting and Corporations Regulations 2001 .

Emphasis of Matter

Without modifying our conclusion, we draw attention to Note 1(b) in the half-year financial report which indicates that Select Exploration Limited incurred a net loss of $458,840 during the half-year ended 30 June 2012 and, as of that date, had a cash balance of $255,211. These conditions indicate the existence of a material uncertainty which may cast significant doubt about the disclosing entity’s ability to continue as a going concern and therefore, the disclosing entity may be unable to realise its assets and discharge its liabilities in the normal course of business.

BDO Audit (WA) Pty Ltd

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Peter Toll Director

Perth, Western Australia Dated this 31[st] day of August 2012

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