TIVAN LIMITED — Interim / Quarterly Report 2005

Oct 30, 2005

$Rule 5.3$

Appendix 5B

Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98.

Name of entity

TENNANT CREEK GOLD LIMITED

ACN or ARBN

000 817 023

Quarter ended ("current quarter") 30 September 2005

Consolidated statement of cash flows

Cash flows related to operating activities		Current quarter \$A'000	Year to date 3 months
			\$A'000
1.1	Receipts from customers
1.2	Payments for (a)	exploration and evaluation	(304)	(304)
	(b)	Feasibility
	(c)	production
	(d)	administration	(506)	(506)
1.3	Royalties received		58	58
1.4	Interest and other items of a similar nature received		32	32
1.5	Interest and other costs of finance paid
1.6	Income taxes paid		$\overline{ }$
1.7	Other
	Net Operating Cash Flows		(720)	(720)
	Cash flows related to investing activities
1.8	Payment for purchases of:	(a) prospects
		(b) controlled entity (net of cash aquired)
		(c) equity investments
		(c) other fixed assets
1.9	Proceeds from sale of:	(a) prospects
		(b) equity investments	270	270
		(c) controlled entity	288	288
		(d) other fixed assets	1	1
1.10	Loans to other entities
1.11	Loans repaid by other entities		m
1.12	Other
	Net investing cash flows		559	559
1.13		Total operating and investing cash flows (carried forward)	(161)	(161)

⁺ See chapter 19 for defined terms.

1.13	Total operating and investing cash flows (brought forward)	(161)	(161)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc. (net of expenses)	389	389
1.15	Payment for shares
1.16	Proceeds from borrowings
1.17	Repayment of borrowings	(2)	(2)
1.18	Dividends paid
1.19	Other
	Net financing cash flows	387	387
	Net increase (decrease) in cash held	226	226
1.20	Cash at beginning of quarter/year to date	1,481	1,481
1.21	Exchange rate adjustments to item 1.20
1.22	Cash at end of quarter	1,707	1,707

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	60.
1.24	Aggregate amount of loans to the parties included in item 1.10

1.25 Explanation necessary for an understanding of the transactions

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

In September 2005 the Company's subsidiary Tennant Creek Gold (NT) Pty Ltd sold its interest in its Woolgni, Celia, and Hayes Creek gold and base metal tenements to Red Rock Resources Plc. Consideration given was 475,000£ as 19M oridinary shares in Red Rock Resources Plc (RRR-AIM).

$2.2\text{ }$ Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

Nil

⁺ 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	mm
3.2	Credit standby arrangements	mm

Estimated cash outflows for next quarter

	Total	100
4.2	Development	STATE
4.1	Exploration and evaluation	100
		SA'000

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown 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	262	262
5.2	Deposits at call	1,375	1,375
5.3	Bank overdraft	$\overline{r}$
5.4	Other - security deposits	70	70
	Total: cash at end of quarter (item 1.22)	1,707	1.707

Changes in interests in mining tenements

		Tenement reference	Nature of interest (note (2))	Interest at beginning of quarter	Interest at end of quarter
6.1	Interests in mining tenements relinquished. reduced or lapsed	EL23568 EL23569 MLA24342 ELA24391 ELA24414 ELA24432 ELA24614	Beneficial Beneficial Beneficial Beneficial Beneficial Beneficial Beneficial	100% 100% 100% 100% 100% 100% 100%	0% $0\%$ $0\%$ $0\%$ $0\%$ 0% $0\%$
6.2	Interests in mining tenements acquired or increased

⁺ See chapter 19 for defined terms.

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	price Issue 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
7.3	+ Ordinary securities	85,612,270	85,612,270
7.4	Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs	70,000	70,000
$\overline{7.5}$	+ Convertible debt securities (description)
7.6	Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted
7.7	Options A - Directors, Employees and Consultants Options	15,530,000		Exercise Price \$0.15	Expiry Date 31 May 2007
7.8	B - Other Issued during quarter A Β	13,500,000		\$0.12	30 April 2007
7.9	Exercised during quarter	70,000	70,000	\$0.15	31 May 2007
7.10	Expired during quarter
7.11	Debentures (totals only)
7.12	Unsecured notes (totals only)

⁺ See chapter 19 for defined terms.

Compliance statement

• This statement has been prepared under accounting policies, which comply with accounting $\mathbbm{1}$ standards as defined in the Corporations Act or other standards acceptable to ASX.
• $\overline{2}$ This statement does give a true and fair view of the matters disclosed.

Sign here: (Company Secretary)

Date: 14 October 2005

Print name: JOHN W. BARR

⁺ See chapter 19 for defined terms.