SPARC TECHNOLOGIES LIMITED — Interim / Quarterly Report 2008

Apr 29, 2008

Appendix 5B Mining exploration entity quarterly report

Name of entity

NEWLAND RESOURCES LTD

13 009 092 068 31 March 2008

ABN Quarter ended ("current quarter")

Year to date

Consolidated statement of cash flows Current Quarter

				$A'000	(9 Months)$A'000
	Cash flows related to operating activities
1.1			Receipts from product sales and related debtors	546	1944
1.2	Payments for	(a)	exploration and evaluation	(300)	(653)
		(b)	development	-	-
		(c)	production	-	-
		(d)	administration - general	(300)	(1293)
			personnel	(427)	(1140)
			professional fees	(425)	(1197)
1.3	Dividends received			-	-
1.4			Interest and other items of a similar nature received	40	158
1.5	Interest and other costs of finance paid			-	-
1.6	Income taxes paid			(1421)	(1421)
1.7	Other (provide details if material)			-	-
	Net operating cash flows			(2287)	(3602)
	Cash flows related to investing activities
1.8	Payment for purchases of		(a)prospects	-	-
			(b)equity investments	(3365)	(8964)
			(c)other fixed assets	(26)	(380)
1.9	Proceeds from sale of		(a)prospects	-	-
			(b)equity investments	5012	8234
			(c)other fixed assets	-	-
1.10	Loans to other entities (note 3)			-	(24)
1.11	Loans repaid by other entities			656	656
1.12	Other - security bonds			(238)	(935)
	Net investing cash flows			2039	(1413)
1.13			Total operating and investing cash flows (carried forward)	(248)	(5015)

1.13	Total operating and investing cash flows (brought forward)	(248)	(5015)
	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)	-	-
	Net Financing Cash Flows	-	-
	Net increase (decrease) in cash held	(248)	(5015)
1.20	Cash at beginning of quarter/year to date	2143	7129
1.21	Exchange rate adjustments to Item 1.20	161	(58)
1.22	Cash at end of quarter	2056	2056

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	295
1.24	Aggregate amount of loans to the parties included in item 1.10	-

Explanation necessary for an understanding of the transactions

Payments to companies associated with directors for:	$'000
Administration & company secretarial fees - parent	21
Management consulting fees - parent	16
Salary and entitlements re investor relations & business development	39
Technical & management consulting	11
Salary and entitlements – UK subisidiary executive directors	208

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

Not included in the reported cash balance is some A$153,800 held in trust by the Group's sharebrokers.

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

N/A

Financing facilities available

add notes as necessary for an understanding of the position

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

Estimated cash outlays for next quarter $A'000

4.1	Exploration and evaluation	100
4.2	Development	-
	TOTAL	100

Reconciliation of cash

follows.	Reconciliation of cash at the end of the quarter (as shown in thestatement of cash flows) to the related items in the accounts is	Current Quarter$A'000	Previous Quarter$A'000
5.1	Cash on hand and at bank	2041	1899
5.2	Deposits at call	16	244
5.3	Bank overdraft	-	-
5.4	Other	-	-
	Total: cash at end of quarter (item1.22)	2057	2143

Changes in interests in mining tenements

		TenementReference	Nature of Interest[note (4)]	Interest atBeginning ofQuarter	Interest at Endof Quarter
6.1	Interests in miningtenements relinquished,reduced or lapsed
6.2	Interests in miningtenements acquired orincreased

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	Issuepricepersecurity (see note3) (cents)	Amount paid up persecurity (see note 3)(cents)
7.1	Preferencessecurities(description)
7.2	Changes during quarter(a) increases throughissues(b) decreases throughreturnsofcapital,buybacks, redemptions
7.37.4	Ordinary securitiesFully paidChanges during quarter	163,777,571	163,777,571
	(a) increases throughissues(b) decreases throughreturns of capital,buybacks
7.5	Convertible debtsecurities(description)
7.6	Changes during quarter(a) increases throughissues(b) decreases throughsecuritiesmatured,converted
7.7	OptionsDirector/Employeeoptions	8,188,878	-	Exercise price8	Expiry date03/07/2011
7.8	Issued during quarter
7.9	Exercised duringquarter
7.10	Expired duringquarter

7.11Debentures(totals only)
7.12Unsecured notes(totals only)

Compliance statement

• 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Law or other standards acceptable to ASX (see note 4).
• 2 This statement does/does not* (delete one) give a true and fair view of the matters disclosed.

Sign here: [signed] ..................................................... Date: 30/04/2008 .......................... (Director/Company Secretary) Print name: L A COLLESS ..........................................

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 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 the topic, the Australian standard on that topic (if any) must be complied with.