SAVANNAH GOLDFIELDS LIMITED — Interim / Quarterly Report 2012

Mar 14, 2012

A.B.N. 75 003 049 714

INTERIM FINANCIAL REPORT

FOR THE HALF-YEAR ENDED 31 DECEMBER 2011

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CORPORATE DIRECTORY
DIRECTORS	AUSTRALIAN BUSINESS NUMBER
Stephen G Bizzell (Chairman) Richard S Anthon David J Vincent	ABN 75 003 049 714
SECRETARY	STOCK EXCHANGE LISTING
Paul Marshall	Australian Securities Exchange ASX Codes: RSN ordinary shares RSNG convertible notes RSNCL partly paid ordinary shares
PRINCIPAL BUSINESS ADDRESS	REGISTERED OFFICE
Level 6 316 Adelaide St Brisbane Qld 4000 Telephone: (07) 3108 3500 Facsimile: (07) 3108 3501 Email: admin@rcm.com.au	Level 6 316 Adelaide St Brisbane Qld 4000
SHARE REGISTRY	SOLICITORS
Link Market Services Ltd Level 15 324 Queen St Brisbane Qld 4000 Telephone: (02) 8280 7454 Facsimile: (02) 9287 0303	Hemming & Hart Level 2 307 Queen St Brisbane Qld 4000
AUDITORS
PKF Level 6 10 Eagle St Brisbane Qld 4000

RENISON CONSOLIDATED MINES N.L. DIRECTORS' REPORT

Your directors present their report on the consolidated entity consisting of Renison Consolidated Mines NL and the entities it controlled at the end of, or during, the half-year ended 31 December 2011.

Directors

The directors of the company in office during the half-year and until the date of this report are: SG Bizzell (Chairman) RS Anthon (Non-executive Director) DJ Vincent (Non-executive Director)

Review and Results of Operations and Significant Changes in the State of Affairs

Queensland - Agate Creek Gold Proiect

The Agate Creek Gold Project is comprised of four tenements (EPM's 9632, 10719 11237 and 11238) with over 500 drillholes. Renison manages and funds the project and has now earned a 100% interest in the project as Barrick Gold's interest has reverted to a net smelter royalty. Renison has updated the JORC compliant resource at the Sherwood Deposit and it now has a combined Indicated and Inferred Mineral Resource of 17 million tonnes at 0.94 g/t gold for 514,000 ounces at a 0.3 g/t gold cut-off grade.

The current resource estimates are set out in the tables below at a 0.3 g/t gold cut-off grade.

$\vert$ 0.3 g/t cut- $\sqrt{ }$ ⊙off		Total			Sherwood			Sherwood South			Sherwood West
Resource Classification	Mt	Gold α/t	Gold $'000$ oz	Mt	Gold g/t	Gold '000oz	Mt	Gold g/t	Gold '000oz	Mt	Gold .g/t	Gold '000Oz
Indicated	10.65	0.98	336	5.42	i.04	181				5.23	0.92	155
Inferred	6.36	0.88	180	2.61	0.91	76	0.43	1.05	15	3.32	0.83	89
Total	17.01	0.94	514	8.03	00.1	258	0.43	1.05	15	8.55	0.89	245

Grade and tonnage rounded to two decimal places. Ounces calculated after rounding and reported to nearest 1000 ounces.

New financial modelling based on conceptual mining studies will be undertaken over the next six months. Previous financial modelling based upon a \$AUD750 per ounce gold price (the current spot gold price is approximately AUD\$1600 ounce), indicates that the 0.3 g/t gold grade cut-off could provide a significant margin above the variable cost component of processing ore via a CIP processing plant, and the 0.5 g/t gold grade cut-off should maintain a healthy profit margin above the total capital and operating cost of CIP processing at a 1 to 1.5 million tonne per annum processing rate.

All four Agate Creek EPM's are crucial for Renison to provide exploration sites to further develop a resource of sufficient size to warrant a mine development project. Renison has submitted applications to conditionally surrender the Agate Creek EPM's in order to consolidate the four existing tenements into a single tenement (EPMA17788) which surrounds a mineral development license (MDL402) covering the Sherwood Resource area as seen in figure 3. MDL402 has now been granted and it is expected EPMA17788 will be granted early in 2012.

EPM 17632 was granted in December 2011 and is the first of four application areas to be granted. This tenement extends the Agate Creek Project area by 159 km² to a new total of 516 km². The tenement is located along the highly prospective Robin Hood Fault Zone and directly adjacent to the already granted EPM 11237. The three remaining EPM Applications are expected to be granted in early 2012. will significantly further increase the total project area.

Drilling within the year has focused on defining depth extensions at Sherwood West, along with specific structural targets at Sherwood, in order to add ounces to the current Sherwood Resource. In summary, 19 holes were drilled for 2,376m within the Sherwood Deposit. These holes showed good correlation and continuity of existing mineralisation with results contributing to the release of the increased resource.

A proposal for deep diamond drilling targeting the interpreted boiling zone and potential bonanza grades at Sherwood has been accepted for funding as part of the Queensland Governments Round 6 CDI Greenfields 2020 program. Work planned for 2012 includes deep diamond drilling for the boiling zone and for metallurgical, geochemical, geotechnical and structural testing at Sherwood. RC drilling is

RENISON CONSOLIDATED MINES N.I. DIRECTORS' REPORT

planned for resource infill, strike and dip extensions of current mineralisation. Several regional prospects will be prioritised for first pass and follow up RAB and AC drilling, Regional and detailed geological sampling will continue to be used as first pass tool for identifying new prospects and assisting with drill planning and prioritisation.

New South Wales - Sydney Flat

Renison Consolidated Mines NL has entered into an Option to Purchase Agreement with Kokong Holdings Pty Ltd and assumed the role of operator of the Sydney Flat Project. Renison has the option to purchase control of the tenement at any time over the next 2 years

Drilling and rehabilitation of 24 drill holes has been completed during the period and old holes drilled by a previous owner were re-logged as part of the data gathering process. Results are still pending. The large size of the samples taken to allow accurate testing analysis has meant that analysis has taken longer than expected. Final results and process routes are being supervised, reviewed and assessed by the company's exploration manager and a specialist contractor, with results expected in the first quarter of 2012. An environmental company has been engaged to initiate environmental monitoring with a view to moving forward to a Mining Lease Application during 2012.

New Zealand

Two tenements in New Zealand have been granted. These tenements cover a total of 275 km² in the prospective Coromandel Region, EP53464 (Klondyke) covers 228.93 km² and EP53469 (Waitekauri) covers $46.04 \text{ km}^2$ .

The tenements are located in the highly prospective Hauraki Goldfields district within the mineralised corridor that is host to Newmont's Martha Mine (Waihi) and the Golden Cross gold and silver mine. The Hauraki Goldfields district was extensively mined between 1860 and 1952 when over 1300 tonnes of gold and silver bullion was produced. Since then there has been little mining using modern mining techniques, apart from at the Golden Cross and Martha mines. The largest deposit in the Hauraki Goldfields district is Newmont's operational Martha Mine. This has produced an average of 100,000 ounces of gold and 700,000 ounces of silver annually since 1988. Literature reviews are in progress. Submission of a minimum impact access agreement to the Department of Conservation has been completed. An initial field visit has taken place since the end of the reporting period.

Renison Coal Projects - Northern New South Wales

During the period limited work was undertaken on the coal projects. The company has provided data to a number of parties who have expressed an interest in investing in the Ashford and Arrawatta Coal projects.

Competent Persons Statement

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Scott Hall who is a member of the Australian Institute of Mining and Metallurgy. Mr Hall is a fulltime employee of Renison Consolidated Mines NL and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr Hall consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Auditor Independence Declaration under Section 307C of the Corporations Act 2001

The Auditor's Independence Declaration is attached and forms part of the Directors' Report for the halfyear ended 31 December 2011.

Signed in accordance with a resolution of the Directors.

Stephen G Bizzell

Director Brisbane 15 March 2012

Lead auditor's independence declaration under Section 307C of the Corporations Act 2001

To: The directors of Renison Consolidated Mines NL and the entities it controlled during the financial half-year

I declare to the best of my knowledge and belief, in relation to the review of the financial half-year ended 31 December 2011 there have been:

• no contraventions of the auditor independence requirements as set out in the Corporations Act 2001 in relation to the review, and
• no contraventions of any applicable code of professional conduct in relation to the review.

PKF

Kim Colyer Partner

Dated at Brisbane this 15th day of March 2012

Tel: 61 7 3226 3555 | Fax: 61 7 3226 3500 | www.pkf.com.au ABN 83 236 985 726 Level 6, 10 Eagle Street | Brisbane | Queensland 4000 | Australia GPO Box 1078 | Brisbane | Queensland 4001

The PKF East Coast Practice is a member of the PKF International Limited network of legally independent member firms. The PKF East Coast Practice is also a member of the PKF Australia Limited national network of legally independent firms each trading as PKF. PKF East Coast Practice has offices in NSW, Victoria and Brisbane. PKF East Coast Practice does not accept responsibility or liability for the actions or inactions on the part of any other individual member firm or firms.

Liability limited by a scheme approved under Professional Standards Legislation

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE HALF-YEAR ENDED 31 DECEMBER 2011

	Consolidated
	Note	31 December 2011 \$	31 December 2010 \$
Continuing Operations
Revenue		22,669	60,174
Depreciation and amortisation expenses		(13, 479)	(13,982)
Finance costs		(1,682,790)	(1,508,049)
Employment costs		(357, 141)	(425, 250)
Other expenses		(343,500)	(270, 212)
Loss from ordinary activities before tax		(2,374,241)	(2, 157, 319)
Income tax expense
Loss from continuing operations after income tax		(2,374,241)	(2, 157, 319)
Profit/(Loss) from discontinued operations after income tax
Loss for the period		(2,374,241)	(2, 157, 319)
Other comprehensive income
Total comprehensive income for the half-year		(2,374,241)	(2, 157, 319)
Total comprehensive income for the half year is attributable to:
Owners of Renison Consolidated Mines NL		(2,374,241)	(2, 157, 319)
Basic earnings/(loss) per share (cents per share)		(0.09)	(0.10)
Diluted earnings/(loss) per share (cents per share)		(0.09)	(0.10)

The Consolidated Statement of Comprehensive Income should be read in conjunction with the notes to the financial statements.

CONSOLIDATED BALANCE SHEET HALF-YEAR ENDED 31 DECEMBER 2011

	Consolidated
	Note	31 December 2011	30 June 2011
		\$	\$
Current Assets
Cash and cash equivalents	7		8,605
Trade and other receivables Financial assets		11,345	22,372
Other current assets		800 70,444	800 35,252
Total Current Assets		82,589	67,029
Non-Current Assets
Trade and other receivables		127,786	157,575
Property, plant & equipment		57,011	70,489
Exploration and development		9,629,223	9,230,999
Total Non-Current Assets		9,814,020	9,459,063
Total Assets		9,896,609	9,526,092
Current Liabilities
Trade and other payables		2,273,626	1,803,526
Borrowings Financial liabilities	7	12,959
Provisions		14,834,719 86,010	14,833,911 97,049
Total Current Liabilities		17,207,314	16,734,486
Non-Current Liabilities
Financial liabilities		14,656,940	13,276,900
Provisions		205,650	205,650
Total Non-Current Liabilities		14,862,590	13,482,550
Total Liabilities		32,069,904	30,217,036
Net Assets		(22, 173, 295)	(20,690,944)
Equity
Issued capital	3	84,365,787	83,473,897
Accumulated losses		(106, 539, 082)	(104,164,841)
Total Equity		(22, 173, 295)	(20, 690, 944)

The Consolidated Balance Sheet should be read in conjunction with the accompanying notes

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE HALF-YEAR ENDED 31 DECEMBER 2011

		Consolidated
	Note	31 December 2011	31 December 2010 \$
Cash Flows from Operating Activities		\$
Receipts from customers
Payments to suppliers and employees		33,224	34,223
Interest received		(270, 135) 472	(603, 467) 830
Finance costs		(23,613)
Net cash provided by (used in) operating activities		(260,052)	(4,067)
			(572, 481)
Cash Flows from Investing Activities
Tenement and other security deposits
Payments for exploration & evaluation		(4) (369, 817)	19,996
Net cash provided by (used in) investing activities		(369,821)	(707,834)
			(687,838)
Cash Flows from Financing Activities
Loans received		615,067	1,225,000
Repayment of hp/finance lease principal		(6, 758)	(6,038)
Net cash flows provided by (used in) financing activities		608,309	1,218,962
Net increase/(decrease) in cash held		(21, 564)	(41, 357)
Cash at the beginning of the period		8,605	56,351
Cash at the end of the period	7	(12,959)	14,994

The Consolidated Statement of Cash Flows should be read in conjunction with the accompanying notes

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE HALF-YEAR ENDED 31 DECEMBER 2011

	Issued Capital	Accumulated Losses	Total
	s	S	\$
At 1 July 2010	81,153,237	(99, 832, 861)	(18, 679, 624)
Total comprehensive income		(2, 157, 319)	(2, 157, 319)
	81,153,237	(101, 990, 180)	(20, 836, 943)
Transactions with owners in their capacity with owners
Shares issued re convertible note interest reinvestment plan	874,216		874.216
At 31 December 2010	82,027,453	(101, 990, 180)	(19, 962, 727)
At 1 July 2011	83,473,897	(104, 164, 841)	(20,690,944)
Total comprehensive income		(2,374,241)	(2,374,241)
	83,473,897	(106, 539, 082)	(23,065,185)
Transactions with owners in their capacity with owners
Shares issued re convertible note interest reinvestment plan	881,765		881,765
Issue of shares to employees	10,125	٠	10,125
Total transactions with owners	891,890		891.890
At 31 December 2011	84,365,787	(106, 539, 082)	(22, 173, 295)

The Consolidated Statement of Changes in Equity should be read in conjunction with the accompanying notes

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NOTES TO THE FINANCIAL STATEMENTS FOR THE HAI E-YEAR ENDED 31 DECEMBER 2011

$\mathbf{1}$ BASIS OF PREPARATION OF HALF-YEAR FINANCIAL STATEMENTS

This general purpose financial report for the interim half-year reporting period ended 31 December 2011 has been prepared in accordance with Australian Accounting Standard AASB134: Interim Financial Reporting and the Corporations Act 2001.

The interim report does not include all notes of the type normally included in an annual financial report and therefore cannot be expected to provide as full an understanding of the financial performance, financial position and financing and investing activities of the consolidated entity as the full financial report. Accordingly, this interim financial report is to be read in conjunction with the annual report for the year ended 30 June 2011 and any public announcements made by Renison Consolidated Mines NL during the interim reporting period in accordance with the continuous disclosure requirements of the Corporations Act 2001.

The accounting policies adopted are consistent with those of the previous financial year and corresponding interim reporting period. New and revised standards have been issued by the AASB during the half-year; however there are no material changes to the policies that affect measurement of the results or financial position of the consolidated entity.

Going concern basis for accounting

The consolidated entity has a net deficiency of assets at 31 December 2011 of \$22,173,295 (30 June 2011: \$20,690,944), net current liabilities of \$17,124,725 - including \$14,820,000 in convertible notes that are redeemable in March 2012 and that at the redemption date the notes and any accrued interest are repayable in cash or at the company's election by the issue of ordinary shares in Renison at the rate of 85% of the 10 day ywap prior to the maturity date -(30 June 2011: \$16,667,457) and has incurred losses of \$2,374,241 for the half-year period to 31 December 2011 (2010: \$2,157,319). These conditions give rise to a material uncertainty which may cast significant doubt about the ability of the consolidated entity to continue as a going concern.

The ability of the consolidated entity to continue as a going concern is principally dependent upon one or more of the following:

• Settlement of \$14,820,000 March 2012 convertible notes and any accrued interest through the issue of ordinary shares in Renison at the rate of 85% of the 10 day wwap prior to the maturity date.
• Continuation of debt funding. The company has an existing loan facility of \$16 million provided by a director related entity. As at the date of this report there is approximately \$550,000 available to be drawn down under this facility. The director who has provided the loan facility has assured the company that the loan will not be called for repayment within the next 12 months. The director has also made a commitment to increase the facility to \$18.0m in the event the company hasn't either completed a sale of assets and/or completed a capital raising by the start of the 2013 financial year.
• The realisation of funds from the sale of certain assets. The company is in negotiations to sell some of its exploration assets. As at the date of this report the directors are unable to confirm the success or otherwise of these negotiations.

As a result of the ongoing support from a director of the company and the anticipated successful asset sales, the directors believe the going concern basis of preparation is appropriate, and accordingly have prepared the financial report on this basis. The going concern basis presumes that funds will be available to finance future operations and that the realisation of assets and liabilities will occur in the normal course of business.

Should the consolidated entity be unable to continue as a going concern, it may be required to realise its assets and extinguish its liabilities other than in the ordinary course of business, and at amounts that differ from those stated in the financial statements. This financial report does not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts or classification of liabilities and appropriate disclosures that may be necessary should the consolidated entity be unable to continue as a going concern.

NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF-YEAR ENDED 31 DECEMBER 2011

$2.$ SEGMENT INFORMATION

The Group has identified the operating segments based on internal reports that are reviewed and used by the executive management team (the chief operating decision makers) in assessing performance and in determining the allocation of resources.

Management are currently focussed on the development of the Queensland and New South Wales tenement projects that are mentioned in the Directors' report which operate in two business segments, that is gold and coal exploration. No revenue from these activities has been earned to date as the Group is still in the exploration and evaluation stage.

$\overline{3}$ . ISSUED CAPITAL

December 2011		June 2011
Nos of shares	\$	Nos of shares	\$
2,510,302,600	71,867,419	2,004,802,607	69,992,010
483,423,831	881,765	464,097,515	1,755,409
		33,333,333	100,000
		8,069,145	20,000
10,125,000	10,125
3,003,851,431	72,759,309	2,510,302,600	71,867,419
89,050,128	11,606,478	152,500,000	11,161,228
			445,250
		(63,449,872)
89,050,128	11,606,478	89,050,128	11,606,478
63,449,872
		63,449,872
63,449,872		63,449,872
	84,365,787		83,473,897

(1) Issued as payment of amount owing to creditor

(2) Issued in relation to the acquisition of an exploration tenement

(3) Issue of shares to employees as remuneration

(4) The call on the partly paid shares made on 31 January 2011 was not paid in relation to 63,449,872 shares. These shares were put up for auction on 14 March 2011. None of the 63,449,872 shares that were auctioned were sold. Accordingly the forfeited shares will be held by the company in trust pending disposal by the directors in accordance with the Corporations Act 2001 and the Company's constitution. These shares have been disclosed above as treasury shares

$\overline{4}$ . CONTINGENT ASSETS AND LIABILITIES

Since the last annual reporting date, there has been no material change of any contingent assets or liabilities.

NEW ACCOUNTING STANDARDS AND INTREPRETATIONS 5.

The consolidated entity has considered all new standards and interpretations applicable for the 2012 financial year and there are none that are likely to have a material impact on Renison Consolidated Mines NL.

NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF-YEAR ENDED 31 DECEMBER 2011

$6.$ SUBSEQUENT EVENTS

There were no significant events subsequent to the reporting date.

RECONCILIATION OF CASH $7.$

Cash and cash equivalents at the end of the half-year as shown in the Statement of Cash Flows is reconciled to the related items in the Balance Sheet as follows:

	31 December 2011 S	Consolidated 30 June 2011 s	31 December 2010 S
Cash and cash equivalents		8.605	14.994
Borrowings - overdraft	(12.959)
	(12,959)	8.605	14.994

DIRECTORS' DECLARATION

In the directors' opinion:

• the attached financial statements and notes thereto comply with the Corporations Act 2001, Australian Accounting Standard AASB 134 'Interim Financial Reporting', the Corporations Regulations 2001 and other mandatory professional reporting requirements;
• the attached financial statements and notes thereto give a true and fair view of the consolidated entity's financial position as at 31 December 2011 and of its performance for the financial halfyear ended on that date; and
• there are reasonable grounds to believe that the company will be able to pay its debts as and $\bullet$ when they become due and payable.

Signed in accordance with a resolution of directors made pursuant to section 303(5) of the Corporations Act 2001.

On behalf of the directors

ell Stephen^(G Bizzell Director

Brisbane 15 March 2012

INDEPENDENT AUDITOR'S REVIEW REPORT TO THE MEMBERS OF RENISON CONSOLIDATED MINES NL

Report on the Half-Year Financial Report

We have reviewed the accompanying consolidated half-year financial report of Renison Consolidated Mines NL which comprises the balance sheet as at 31 December 2011, the statement of comprehensive income, statement of changes in equity and statement of cash flows for the half-year ended on that date, notes comprising a summary of significant accounting policies and other explanatory information, and the directors' declaration of the consolidated entity. The consolidated entity comprises the Renison Consolidated Mines NL (the company) and the entities it controlled at 31 December 2011 or from time to time during the half-year ended on that date.

Directors' Responsibility for the Half-Year Financial Report

The directors of the company 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 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 financial report is not in accordance with the Corporations Act 2001 including: giving a true and fair view of the consolidated entity's financial position as at 31 December 2011 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 Renison Consolidated Mines NL, 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.

Tel: 61 7 3226 3555 | Fax: 61 7 3226 3500 | www.pkf.com.au ABN 83 236 985 726 Level 6, 10 Eagle Street | Brisbane | Queensland 4000 | Australia GPO Box 1078 | Brisbane | Queensland 4001

The PKF East Coast Practice is a member of the PKF International Limited network of legally independent member firms. The PKF East Coast Practice is also a member of PKF Australia Limited national network of legally independent firms each trading as PKF. PKF East Coast Practice has offices in NSW, Victoria and Brisbane. PKF East Coast Practice does not accept responsibility or liability for the actions or inactions on the part of any other individual member firm or firms.

Liability limited by a scheme approved under Professional Standards Legislation

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 the consolidated entity is not in accordance with the Corporations Act 2001 including:

• (a) giving a true and fair view of the consolidated entity's financial position as at 31 December 2011 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 qualifying our conclusion, we draw attention to Note 1 in the financial report, which indicates that the consolidated entity incurred a net loss of \$2,374,241 during the half-year ended 31 December 2011 and, as of that date, the consolidated entity's current liabilities exceeded its current assets by \$17,124,725 and total liabilities exceeded total assets by \$22,173,295. These conditions along with other matters set forth in Note 1, indicate the existence of a material uncertainty which may cast significant doubt about the consolidated entity's ability to continue as a going concern and therefore, the consolidated entity may be unable to realise its assets and discharge its liabilities in the normal course of business.

PKF

Kim Colyer Partner

Dated at Brisbane this 15th day of March 2012