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RIEDEL RESOURCES LIMITED — Interim / Quarterly Report 2011
Apr 28, 2011
65702_rns_2011-04-28_105738a5-1dea-4e56-99fb-ccd180c52824.pdf
Interim / Quarterly Report
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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
Riedel Resources Limited
| ABN 91 143 042 022 |
Quarter ended (“current quarter”) |
|---|---|
| 91 143 042 022 | 31 March 2011 |
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 (9 .months) $A’000 |
|---|---|---|
| (100) - - (191) - 11 - - - |
(100) - - (205) - 12 - - - |
|
| (281) | (294) | |
| 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) Cash acquired with acquisition of subsidiary Net investing cash flows 1.13 Total operating and investing cash flows (carriedforward) |
(247) - (7) - - - - - 7 |
(497- - (7) - - - - - 7 |
| (247) | (497) | |
| (528) | (791) |
- See chapter 19 for defined terms.
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Appendix 5B Mining exploration entity quarterly report
| 1.13 Total operating and investing cash flows (broughtforward) |
(528) | (791) |
|---|---|---|
| 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) Capital Raising Costs Net financing cash flows |
5,222 - - - - (328) |
5,757 - - - - (521) |
| 4,893 | 5,235 | |
| 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 |
4,366 194 |
4,444 115 |
| 4,559 | 4,559 |
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 |
|---|---|---|
| $42 | ||
| Nil | ||
| 1.25 | Explanation necessaryforanunderstanding ofthe transactions | |
| Directors fees paid |
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
Acquisition of AuDAX Minerals Pty Ltd – Issue of 25,000,000 shares at $0.20, $5,000,000 Payment of Advisory Fees (as disclosed in section 13.5 of the Prospectus) – Issue of 600,000 shares at $0.20, $120,000.
-
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.
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 |
|---|---|---|
| Nil | Nil | |
| Nil | Nil |
Estimated cash outflows for next quarter
| 4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration |
$A’000 |
|---|---|
| 230 | |
| Nil | |
| Nil | |
| 193 | |
| Total | 423 |
Reconciliation of cash
| Reconciliation of cash | Reconciliation of cash | ||
|---|---|---|---|
| Reconciliation of cash at the end of the quarter (as | |||
| shown | in the consolidated statement of cash | Current quarter | Previous quarter |
| flows) | to the related items in the accounts is as | $A’000 | $A’000 |
| follows. | |||
| 5.1 | Cash on hand and at bank | 539 | $194 |
| 5.2 | Deposits at call | - | - |
| 5.3 | Bank overdraft | - | - |
| 5.4 | Other (provide details) - Term Deposits | 4,020 | - |
| Total: cash at end of quarter(item 1.22) | $4,559 | $194 |
- See chapter 19 for defined terms.
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Appendix 5B Mining exploration entity quarterly report
Changes in interests in mining tenements
| 6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased |
Tenement reference |
Nature of interest (note (2)) |
Interest at beginning **of quarter ** |
Interest at end of **quarter ** |
|---|---|---|---|---|
| E36/215 | Indirect | 0% | 80% | |
| E36/623 | Indirect | 0% | 80% | |
| M36/670 | Indirect | 0% | 80% | |
| E36/734 | Direct | 0% | 100% | |
| E36/404 | Royalty | 0% | 0% | |
| M36/615 | Royalty | 0% | 0% | |
| E36/509 | Direct | 0% | 100% | |
| E52/2394 | Direct | 0% | 100% | |
| E52/2395 | Direct | 0% | 100% | |
| E53/1304 | Direct | 0% | 100% | |
| E53/1305 | Direct | 0% | 100% | |
| E77/1223 | Direct | 0% | 100% | |
| E80/4165 | Direct | 0% | 100% | |
| E80/4166 | Direct | 0% | 100% | |
| E80/4167 | Direct | 0% | 100% | |
| E80/4429 | Direct | 0% | 100% | |
| M31/145 | Direct/Royalty | 0% | 20% | |
| M31/157 | Direct/Royalty | 0% | 20% | |
| P77/3727 | Direct | 0% | 20% | |
| P77/3728 | Direct | 0% | 20% | |
| P773729 | Direct | 0% | 20% |
- See chapter 19 for defined terms.
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Appendix 5B Mining exploration entity quarterly report
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 |
Nil | |||
| N/A | ||||
| 7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs |
58,208,100 | 29,358,100 | ||
| 51,708,000 | 25,600,000 | 20c | 20c | |
| 7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted |
Nil | |||
| N/A | ||||
| 7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter |
8,000,000 | Nil | Exercise price 30c |
Expiry date 30 June 2014 |
| Nil | Nil | |||
| Nil | Nil | |||
| Nil | Nil | |||
| 7.11 Debentures (totals only) |
Nil | |||
| 7.12 Unsecured notes(totals only) |
Nil |
- See chapter 19 for defined terms.
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Appendix 5B Mining exploration entity quarterly report
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.
==> picture [95 x 34] intentionally omitted <==
Sign here: ............................................................ Date: 29 April 2011 (Director/Company secretary)
Print name:
Bruce Franzen
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.
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