TIVAN LIMITED — Interim / Quarterly Report 2006

Jan 30, 2006

Appendix 5B

$Rule 5.3$

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") 31 December 2005

Consolidated statement of cash flows

	Cash flows related to operating activities		Current quarter \$A'000	Year to date 6 months \$A'000
1.1	Receipts from customers
1.2	Payments for (a)	exploration and evaluation	(153)	(457)
	(b)	development
	(c)	production
	(d)	administration	(289)	(795)
1.3	Royalties received		22	80
1.4	Interest and other items of a similar nature received		17	49
1.5	Interest and other costs of finance paid
1.6	Income taxes paid
1.7	Other		16	16
	Net Operating Cash Flows		(387)	(1, 107)
1.8	Cash flows related to investing activities Payment for purchases of:	(a) prospects (b) controlled entity (net of cash aquired) (c) other fixed assets
1.9	Proceeds from sale of:	(a) prospects
		(b) equity investments		270
		(c) controlled entity		288
		(d) other fixed assets
1.10	Loans to other entities		$\overline{\phantom{0}}$
1.11	Loans repaid by other entities
1.12	Other
	Net investing cash flows			559
1.13		Total operating and investing cash flows (carried forward)	(387)	(548)

$+$ See chapter 19 for defined terms.

1.13	Total operating and investing cash flows (brought forward)	(387)	(548)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc. (net of expenses)		389
1.15	Payment for shares
1.16	Proceeds from borrowings
1.17	Repayment of borrowings		(2)
1.18	Dividends paid
1.19	Other
	Net financing cash flows	(387)	(161)
	Net increase (decrease) in cash held	(683)	(683)
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	798	798

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	34
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

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

$\overline{a}$

$+$ See chapter 19 for defined terms.

Ē,

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
3.2	Credit standby arrangements

Estimated cash outflows for next quarter

	Total	100
4.2	Development
4.1	Exploration and evaluation	100
		\$A'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	403	262
5.2	Deposits at call	325	1,375
5.3	Bank overdraft
5.4	Other – security deposits	70	70
	Total: cash at end of quarter (item 1.22)	798	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	EL23678	Beneficial	100%	0%
6.2	Interests in mining tenements acquired or increased	EL24392 A24518 EL24395	Granted in Latest Quarter Granted in Latest Quarter Granted in Latest Quarter	100% 100% 100%	0% 0% 0%

$+$ 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	Issue price per security	Amount	paid	up	per
				(see note 3) (cents)	security (cents)	(see	note	3)
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
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, Employeess and Consultants Options	15,966,000		Exercise Price \$0.15		Expiry Date 31 May 2007
	$B - Other$	13,500,00		\$0.12		30 April 2007
$7.8\,$	Issued during quarter
7.9	Exercised during quarter
7.10	Expired during quarter
7.11	Debentures
7.12	(totals only) Unsecured notes
	(totals only)

⁺ See chapter 19 for defined terms.

Compliance statement

• $\begin{array}{c} \hline \end{array}$ 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.
• $\overline{2}$ This statement does give a true and fair view of the matters disclosed.

Sign here:

Date: 31 January 2006

(Company Secretary)

Print name: DAMIAN DELANEY

$+$ See chapter 19 for defined terms.