STRIKE RESOURCES LIMITED — Interim / Quarterly Report 2005

Jan 12, 2005

December 2004 Monthly Cash Flow Report

	Name of entity
	FAST SCOUT LIMITED and controlled entities
	ACN or ARBN		Month Ended
	088 488 724		31 December 2004
	Consolidated statement of cash flows	Consolidated
		Current Month	Year to Date
		December 2004	6 months
		$000	$' 000
	Cash flows related to operating activities
1.1	Receipts from customers	$\overline{2}$	33
1.2	Payments for
	(a) staff costs	(16)	(121)
	(b) advertising and marketing		(6)
	(c) research and development
	(d) leased assets
	(e) other working capital	(53)	(364)
1.3	Dividends received		26
1.4	Interest and other items of a similar nature received		4
1.5	Interest and other costs of finance paid
1.6	Income taxes paid
1.7	Other (provide details if material)
	(a) Professional fees
	Net operating cash flows	(67)	(428)

		Consolidated
		Current Month	Year to Date
		December 2004	6 months
		$' 000	$' 000
1.8	Net operating cash flows (carried forward)	(67)	(428)
	Cash flows related to investing activities
1.9	Payment for acquisition of:
	(a)businesses (item 5)
	equity investments(b)		(369)
	(c)intellectual property
	(d)physical non-current assets
	other non-current assets(e)
	1.10 Proceeds from disposal of:
	(a)businesses (item 5)
	(b)equity investments	71	201
	intellectual property(c)
	(d)physical non-current assets
	other non-current assets(e)
1.11	Loans to other entities
1.12	Loans repaid by other entities
1.13	Other (provide details if material)
	Net investing cash flows	71	(168)
1.14	Total operating and investing cash flows	4	(596)
	Cash flows related to financing activities
1.15	Proceeds from issues of shares, options, etc.
1.16	Proceeds from sale of forfeited shares
1.17	Proceeds from borrowings
1.18	Repayment of borrowings
1.19	Dividends paid
1.20	Other (provide details if material)
	Net financing cash flows		$\blacksquare$
	Net increase (decrease) in cash held	4	(596)
1.21	Cash at beginning of month/year to date	18	618
1.22	Exchange rate adjustments to item 1.20
1.23	Cash at end of month	22	22

Fast Scout Ltd (A.B.N. 94 088 488 724) Level 14, The Forrest Centre, 221 St Georges Terrace, Perth, Western Australia 6000 Tel: (08) 9214 9700 Email: info@fastscout.com Fax: (08) 9322 1515

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 MonthDecember 2004$$^{\circ}000$
1.24	Aggregate amount of payments to the parties included in item 1.2	16
1.25	Aggregate amount of loans to the parties included in item 1.11

• 1.26 Explanation necessary for an understanding of the transactions
  • (1) $15,619 Salaries and fees paid by the Company to its Directors;

Non-cash financing and investing activities

Details of financing and investing transactions which have had a material effect on consolidated assets $2.1$ and liabilities but did not involve cash flows

าneIM.
------------

$2.2$ Details of outlays made by other entities to establish or increase their share in businesses in which the reporting entity has an interest

None.

Financing facilities available

Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2).

	Amt available$'000	Amount used$'000
3.1Loan facilities
3.2.Credit standby arrangements

Reconciliation of cashReconciliation of cash at the end of the month (asshown in the consolidated statement of cash flows)to the related items in the accounts is as follows		Consolidated
		CurrentMonth$000	PreviousMonth$000
$-4.1$	Cash on hand and at bank	22	18
4.2	Deposits at call
4.3	Bank overdraft
4.4	Other (Bank Bills)
	Total: cash at end of month (item 1.22)	22	18

Acquisitions and disposals of business entities

		Acquisitions(ltem 1.9(a))	Disposals(ltem 1.10(a))
5.1	Name of entity
5.2	Place of incorporation or registration
5.3	Consideration for acquisition or disposal
5.4	Total net assets
5.5	Nature of business

Compliance statement

• This statement has been prepared under accounting policies which comply with accounting standards as defined in the 1 Corporations Law (except to the extent that information is not required because of note 2) or other standards acceptable to ASX.
• $\overline{2}$ This statement does give a true and fair view of the matters disclosed.

12 January 2005

Victor Ho Company Secretary

NOTES:

The Company currently holds the following share investments:

				12-Jan-05
Company	No Shares	%	Last Closing Price	Market Value
Altera Capital Ltd (AEA)	20.002.860	32.3%	suspended
Other listed securities			various	$802.668

Share investments are regarded as liquid assets to supplement the Company's cash reserves.