RIEDEL RESOURCES LIMITED — Interim / Quarterly Report 2013

Oct 30, 2013

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

	Name of entity	Name of entity	Name of entity	Name of entity
	Riedel Resources Limited
	ABN 91 143 042 022 Consolidated statement of cash flows
			30 September 2013
Cash flows related to operating activities 1.1 Receipts from customers 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 $A’000 (3 months)
		- (78) - - (183) - 2 - - -		- (78) - - (183) - 2 - - -
		(259)		(259)
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)		- - - - - - - - -		- - - - - - - - -
		-		-
		(259)		(259)

• 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)	(259)	(259)
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 Share Applications Convertible Note (see Note 1) Net financing cash flows	- - - - - (2) - 165	- - - - - (2) - 165
	163	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 of quarter	(96) 350 7	(96) 350 7
	261	261

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	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
			57
			Nil
1.25 Explanation necessaryforanunderstanding ofthe transactions Directors wages, Directors fees. Non-cash financing and investing activities 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets andliabilities but didnotinvolve cash flows NA 2.2 Details of outlays made by other entities to establish or increase their share in projects in whichthereporting entityhas an interest NA		Explanation necessaryforanunderstanding ofthe transactions
		Directors wages, Directors fees.
	NA
	Details of outlays made by other entities to establish or increase their share in projects in whichthereporting entityhas an interest
	NA

• See chapter 19 for defined terms.

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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
	325	64
	Nil	Nil

Estimated cash outflows for next quarter

4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration	$A’000
	11
	Nil
	Nil
	90
Total	101

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	211	300
5.2 Deposits at call	-	-
5.3 Bank overdraft	-	-
5.4 Other (provide details) - Term Deposits	50	50
Total: cash at end of quarter(item 1.22)	261	350

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 **

• 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.

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
	Nil
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs	107,489,109	107,489,189
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted	See Note 1 (below)
	160,000 165,000	160,000 165,000	100c 100c	100c 100c

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

7.7 Options (description and conversion factor) Performance Rights 7.8 Issued during quarter (Options) 7.9 Exercised during quarter 7.10 Expired during quarter	10,000,000 9,333,329 1,250,000 1,712,333 8,125,000 2,666,667 vesting when the Company’s share price is equal to or greater than Au27 cents for 20 consecutive trading days 2,666,667 vesting when the Company’s share price is equal to or greater than Au36 cents for 20 consecutive trading days 2,666,666 vesting when the Company’s share price is equal to or greater than Au45 cents for 20 consecutive trading days	Nil Nil Nil Nil Nil Nil Nil Nil	Exercise price 30c 15c 15c 10c 5.2c Nil Nil Nil	Expiry date 30 June 2014 31 January 2016 31 January 2018 30 April 2015 31 December 2016 25 July 2014 25 July 2014 25 July 2014
	4,125,000		5.2c	31 December 2016
	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

Note 1 –

Under the terms of the Secured Convertible Note, issued to Oracle Securities Pty Ltd (or its nominees), the Convertible Note (and any accrued interest) can be converted in full or any part thereof into Shares in the Company at the lender’s sole discretion at any time after 30 June 2013.

The Shares will be issued at the lower of 90% of the 10 day volume weighted average share price (VWAP) of the ASX prior to execution of the Secured Convertible Debenture agreement or 90% of the 10 day VWAP prior to the relevant quarterly interest payment notice.

During the quarter ended 30 September 2013, $165,000 was received under Tranche 2. The maximum number of shares to be issued upon conversion is 4,583,333 at 3.6c per share, with 8% interest payable quarterly. The redemption date is 30 June 2014.

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.

Sign here: SUE SYMMONS Date: 31 October 2013 (Company secretary)

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.

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly 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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