TIVAN LIMITED — Interim / Quarterly Report 2013

Oct 24, 2013

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Rule 5.5

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013

Name of entity
TNG Ltd
ABN 000 817 023	Quarter ended (“current quarter”)
000 817 023	30 September 2013

Consolidated statement of cash flows

Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid (R&D rebate) 1.7 Other (provide details if material) Net Operating Cash Flows	Current quarter $A’000	Year to date (3 Months) $A’000
	41 (1,596) - - (686) - 18 - 3,195 35	41 (1,596) - - (686) - 18 - 3,195 35
	1,007	1,007
Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets 1.10 Loans to other entities 1.11 Loans repaid by other entities 1.12 Other (provide details if material) Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)	- - - - 9 - - - -	- - - - 9 - - - -
	9	9
	1,016	1,016

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

1.13 Total operating and investing cash flows (brought forward)	1,016	1,016
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other (provide details if material) Net financing cash flows	1,082 - - - - -	1,082 - - - - -
	1,082	1,082
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end ofquarter	2,098 2,773 -	2,098 2,773 -
	4,871	4,871

Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities

1.23 1.24	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10	Current quarter $A'000
		164
		-
1.25	Explanation necessaryfor an understandingof 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

• See chapter 19 for defined terms.

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

• 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

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1 Loan facilities 3.2 Credit standby arrangements	Amount available $A’000	Amount used $A’000
	-	-
	-	-

Estimated cash outflows for next quarter

4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration	$A’000
	850
	-
	-
	400
Total	1,250

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 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (provide details)	4,692	2,594
	-	-
	-	-
	179	179
Total: cash at end of quarter(item 1.22)	4,871	2,773

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Changes in interests in mining tenements and petroleum tenements

Tenement reference and location Nature of interest (note (2)) Interest at beginning of quarter Interest at end of quarter 6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed EL 25646 EL 27069 EL 27070 EL27876 EL28503 EL29254 Partial relinquishment Partial relinquishment Partial relinquishment Partial relinquishment 39 blocks 77 blocks 28 blocks 120blocks 100% 100% 19 blocks 38 blocks 14 blocks 60 blocks 0% 0% 6.2 Interests in mining tenements and petroleum tenements acquired or increased EL30085 Application lodged but not yet granted 0% 0% 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.	Tenement reference and location Nature of interest (note (2)) Interest at beginning of quarter Interest at end of quarter 6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed EL 25646 EL 27069 EL 27070 EL27876 EL28503 EL29254 Partial relinquishment Partial relinquishment Partial relinquishment Partial relinquishment 39 blocks 77 blocks 28 blocks 120blocks 100% 100% 19 blocks 38 blocks 14 blocks 60 blocks 0% 0% 6.2 Interests in mining tenements and petroleum tenements acquired or increased EL30085 Application lodged but not yet granted 0% 0% 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.	Tenement reference and location Nature of interest (note (2)) Interest at beginning of quarter Interest at end of quarter 6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed EL 25646 EL 27069 EL 27070 EL27876 EL28503 EL29254 Partial relinquishment Partial relinquishment Partial relinquishment Partial relinquishment 39 blocks 77 blocks 28 blocks 120blocks 100% 100% 19 blocks 38 blocks 14 blocks 60 blocks 0% 0% 6.2 Interests in mining tenements and petroleum tenements acquired or increased EL30085 Application lodged but not yet granted 0% 0% 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.	Tenement reference and location Nature of interest (note (2)) Interest at beginning of quarter Interest at end of quarter 6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed EL 25646 EL 27069 EL 27070 EL27876 EL28503 EL29254 Partial relinquishment Partial relinquishment Partial relinquishment Partial relinquishment 39 blocks 77 blocks 28 blocks 120blocks 100% 100% 19 blocks 38 blocks 14 blocks 60 blocks 0% 0% 6.2 Interests in mining tenements and petroleum tenements acquired or increased EL30085 Application lodged but not yet granted 0% 0% 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.	Tenement reference and location Nature of interest (note (2)) Interest at beginning of quarter Interest at end of quarter 6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed EL 25646 EL 27069 EL 27070 EL27876 EL28503 EL29254 Partial relinquishment Partial relinquishment Partial relinquishment Partial relinquishment 39 blocks 77 blocks 28 blocks 120blocks 100% 100% 19 blocks 38 blocks 14 blocks 60 blocks 0% 0% 6.2 Interests in mining tenements and petroleum tenements acquired or increased EL30085 Application lodged but not yet granted 0% 0% 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 note3) (cents)	Amount paid up per security (see note3) (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 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs	473,376,922	473,376,922
	25,955,494	25,955,494	$0.045	$0.045
7.5 +Convertible debt securities (description)

• See chapter 19 for defined terms.

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Mining exploration entity and oil and gas exploration entity quarterly report

7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted
7.7 Options Unlisted Director and consultant options Listed options 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter	3,000,000 12,977,711	- 12,977,711	Exercise price $0.235 $0.08	Expiry date 26 November 2015 31 July 2015
	12,977,71	12,977,71	$0.08	31 July 2015
7.11 Debentures (totals only)
7.12 Unsecured notes(totals only)

Compliance statement

• 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 (see note 5).

• 2 This statement does /does not* (delete one) give a true and fair view of the matters disclosed.

==> picture [117 x 36] intentionally omitted <==

Sign here: Date: 25/10/2013 (Director/Company secretary)

Print name: Paul E Burton

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Notes

• 1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

• 2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement or petroleum tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

• 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities .

• 4 The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.

• 5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

== == == == ==

• See chapter 19 for defined terms.

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