$Rule 5.3$

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") 31 December 2006

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	(1,463)	(1,918)
	(b)	development
	$\left( c\right)$	production
	(d)	administration	(595)	(837)
1.3	Royalties received			10
1.4		Interest and other items of a similar nature received	29	59.
1.5	Interest and other costs of finance paid
1.6	Income taxes paid
1.7	Other
	Net Operating Cash Flows		(2,029)	(2,686)
	Cash flows related to investing activities
1.8	Payment for purchases of: (a) prospects
	cash	(b) controlled entity (net of
		aquired) (c) other fixed assets
			(187)	(564)
1.9	Proceeds from sale of:	(a) prospects
		(b) equity investments	144	(173)
		(c) controlled entity (d) other fixed assets
1.10	Loans to other entities		ىسد
1.11	Loans repaid by other entities
1.12	Other
	Net investing cash flows		(43)	(737)
1.13		Total operating and investing cash flows (carried forward)	(2,072)	(3, 423)

Appendix 5B Mining exploration entity quarterly report

1.13	Total operating and investing cash flows (brought forward)	(2,072)	(3, 423)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc. (net of expenses)	728	848
1.15	Payment for shares
1.16	Proceeds from borrowings
1.17	Repayment of borrowings	(1)	(8)
1.18	Dividends paid
1.19	Other
	Net financing cash flows	727	840
	Net increase (decrease) in cash held	(1, 345)	(2,583)
1.20	Cash at beginning of quarter/year to date	2.089	3,327
1.21	Exchange rate adjustments to Item 1.20
1.22	Cash at end of quarter	744	744

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	78
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

⁺ 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	-
-3.2	Credit standby arrangements	-

Estimated cash outflows for next quarter

	Total	600
4.2	Development	-
4.1	Exploration and evaluation	600
		\$A'000

Reconciliation of cash

Changee in interests in minime tenaments
Total: cash at end of quarter (item 1.22)	744	2,089
5.4 Other - security deposits	101	70.
5.3 Bank overdraft
5.2 Deposits at call
5.1 Cash on hand and at bank	643	2.019
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

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 relinguished, reduced or lapsed
6.2	Interests in mining tenements acquired or increased	E80/3772 E80/8316	Granted in last quarter Granted in last quarter	$0\%$ 0%	100% 100%

$\mathbf{I}$

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 U D 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	109,181,571	109,181,571
7.4	Changes during quarter
	(a) Increases through issues	7,744,980	7,744,980
	(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			Exercise Price	Expiry Date
	A - Directors,	2,000,000		\$0.15	31 May 2007
	Employeess and Consultants Options	2,300,000		\$0.23	30 November 2007
	$B -$ Listed	57,110,834		\$0.15	31 May 2007
	Unlisted	7,000,000		\$0.12	30 April 2007
7.8	Issued during quarter	2,500,000	-	\$0.23	30 November 2007
7.9	Exercised during quarter	4,544,980 200,000	4,544,980	\$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

$\mathbf{1}$ 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 2007

Print name:

(Company Secretary) DAMIAN DELANEY

AI assistant

TIVAN LIMITED Interim / Quarterly Report 2007

65967_rns_2007-01-28_e64cc262-d449-45c2-98ee-8f0851cf71a4.pdf

Appendix 5B