RIMFIRE PACIFIC MINING LIMITED — Interim / Quarterly Report 2012

Jul 29, 2012

Rule 5.3

Appendix 5B Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001, 01/06/10.

Name of entity

Rimfire Pacific Mining NL

59 006 911 744 30 June 2012

ABN Quarter ended ("current quarter")

Consolidated statement of cash flows

	Cash flows related to operating activities	Current quarter$A'000	Year to date(12 months)$A'000
1.1	Receipts from product sales and related debtors	-	-
1.2	Payments for(a) exploration & evaluation(b) development(c) production	(396)	(1,379)
	(d) administration	(155)	(553)
1.3	Dividends received
1.4	Interest and other items of a similar nature received	27	138
1.5	Interest and other costs of finance paid
1.6	Income taxes paid
1.7	Other (provide details if material)
	GST received	21	124
	Net Operating Cash Flows	(503)	(1,670)
1.81.9	Cash flows related to investing activitiesPayment for purchases of:(a) prospects(b) equity investments(c) other fixed assetsProceeds from sale of:(a) prospects	(6)	(194)
	(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	(6)	(194)
1.13	Total operating and investing cash flows (carriedforward)	(509)	(1,864)

+ See chapter 19 for defined terms.

1.13	Total operating and investing cash flows (brought forward)	(509)	(1,864)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc.	-	1,073
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)
	Costs associated with capital raising	-	(7)
	Net financing cash flows
		-	1,066
	Net increase (decrease) in cash held	(509)	(798)
1.20	Cash at beginning of quarter/year to date	1,911	2,200
1.21	Exchange rate adjustments to item 1.20
1.22	Cash at end of quarter	1,402	1,402

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

		Current quarter$A'000
1.23	Aggregate amount of payments to the parties included in item 1.2	159
1.24	Aggregate amount of loans to the parties included in item 1.10	Nil

1.25 Explanation necessary for an understanding of the transactions

$125,229 was paid to John Kaminsky as remuneration for the months of April to June 2012, which included payments for past services. A total of $18,000 was paid to non-executive directors as fees for the months of April to June 2012. A total of $7,988 was paid to a related party for administrative work for the quarter ending June 2012. A total of $8,030 of superannuation was paid to related parties for the quarter ending June 2012.

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

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.

Financing facilities available

Add notes as necessary for an understanding of the position.

		Amount available$A'000	Amount used$A'000
3.1	Loan facilities	Nil	NIL
3.2	Credit standby arrangements	Nil	NIL

Estimated cash outflows for next quarter

		$A'000
4.1	Exploration and evaluation	260
4.2	Development	Nil
4.3	Production	Nil
4.4	Administration	130
	Total	390

Reconciliation of cash

	Reconciliation of cash at the end of the quarter (asshown 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	42	91
5.2	Deposits at call	1,360	1,820
5.3	Bank overdraft	-	-
5.4	Other (provide details)	-	-
	Total: cash at end of quarter (item 1.22)	1,402	1,911

+ See chapter 19 for defined terms.

Changes in interests in mining tenements

		Tenementreference	Nature of interest(note (2))	Interest atbeginningof quarter	Interest atend ofquarter
6.1	Interests in miningtenements relinquished,reduced or lapsed	N/A		units	units
6.2	Interests in miningtenements acquired orincreased	N/A

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 persecurity (seenote 3) (cents)	Amount paid upper security (seenote 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	525,846,643	525,846,643
	securities
7.4	Changes during
	quarter
	(a) Increases
	through issues
	(b) Decreasesthrough returns
	of capital, buy
	backs
7.5	+Convertible
	debt
	securities
	(description)

+ See chapter 19 for defined terms.

7.6	Changes duringquarter(a) Increasesthrough issues(b) Decreasesthroughsecuritiesmatured,converted
7.7	Options
	(description and
	conversion
	factor)
7.8	Issued during
	quarter
7.9	Exercised
	during quarter
7.10	Expired during
	quarter
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 4).
• 2 This statement does give a true and fair view of the matters disclosed.

(Executive Chairman)

Sign here: _________________________________ Date: 30 July 2012

Print name: JOHN KAMINSKY

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.

• 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 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.
• 5 Accounting Standards ASX will accept, for example, the use of International Accounting 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.