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 March 2007

Consolidated statement of cash flows

	Cash flows related to operating activities	Current quarter \$A'000	Year to date 9 months \$A'000
1.1	Receipts from customers
1.2	(a) Payments for	exploration and evaluation	(438)	(2,356)
	(b)	development
	production (c)
	(d)	administration	(373)	(1,210)
1.3	Rovalties received			10
1.4	Interest and other items of a similar nature received		4	63
1.5	Interest and other costs of finance paid
1.6	Income taxes paid
1.7	Other
	Net Operating Cash Flows		(807)	(3, 493)
	Cash flows related to investing activities
1.8	Payment for purchases of: (a) tenements
		(b) controlled entity (net of cash aquired)
		(c) other fixed assets	(296)	(860)
1.9 ₁	Proceeds from sale of:	(a) tenements	50	50
		(b) equity investments		(173)
		(c) controlled entity
		(d) other fixed assets
1.10	Loans to other entities
1.11	Loans repaid by other entities
1.12	Other
	Net investing cash flows			(983)
1.13		Total operating and investing cash flows (carried forward)	(1,053)	(4, 476)

$+$ See chapter 19 for defined terms.

1.13	Total operating and investing cash flows (brought forward)	(1,053)	(4, 476)

	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc. (net of expenses)	3,495	4,343
1.15	Payment for shares
1.16	Proceeds from borrowings
1.17	Repayment of borrowings	(1)	(9)
1.18	Dividends paid
1.19	Other
	Net financing cash flows	3,494	4,334
	Net increase (decrease) in cash held	2,441	(142)
1.20	Cash at beginning of quarter/year to date	744	3,327
1.21	Exchange rate adjustments to item 1.20
1.22	Cash at end of quarter	3,185	3,185

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	189.
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

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

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

$+$ See chapter 19 for defined terms.

$\overline{\phantom{a}}$

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 - Mortgage on Exploration base in Kununurra	480	480
3.2	Credit standby arrangements

Estimated cash outflows for next quarter

	Total	3,147
4.2	Development
4.1	Exploration and evaluation	3,147
		\$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
Cash on hand and at bank 5.1	3.084	643
Deposits at call 5.2
Bank overdraft 5.3
5.4 Other $-$ security deposits	101	101
Total: cash at end of quarter (item 1.22) .	3,185	744

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
6.2	Interests in mining tenements acquired or increased	EL25470	Granted in last quarter	100%	100%

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 (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	122,723,187	122,723,187
7.4	Changes during quarter
	(a) Increases through issues (b) Decreases through returns of	13,541,616	13,541,616
	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			Exercise Price	Expiry Date
	$A - Directors,$ Employees and Consultants	2,000,000 2,200,000		\$0.15 \$0.23	31 May 2007 30 November 2007
	Options B – Listed Unlisted	49,669,218 7,000,000		\$0.15 \$0.12	31 May 2007 30 April 2007
7.8	Issued during quarter	$\equiv$		÷	$\overline{\phantom{0}}$
7.9	Exercised during quarter	7,441,616 100,000	7,441,616	\$0.15 \$0.23	\$0.15 \$0.23
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 $\mathbf 1$ 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:

Date: 26 April 2007

Print name:

(Company Secretary) DAMIAN DELANEY

AI assistant

TIVAN LIMITED Interim / Quarterly Report 2007

65967_rns_2007-04-29_a776492e-cb9e-4fb5-a3f8-2701ab73ab94.pdf

Appendix 5B