TIVAN LIMITED — Interim / Quarterly Report 2013

Jul 29, 2013

Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001, 01/06/10.

Name of entity

TNG LIMITED ACN or ARBN Quarter ended (“current quarter”) 000 817 023 30 June 2013

Consolidated statement of cash flows

Cash flows related to operating activities 1.1 Receipts from customers 1.2 Payments for (a) exploration and evaluation (b) development (c) production (d) administration 1.3 Royalties 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)/refunded net (R&D) 1.7 Other Net Operating Cash Flows	Current quarter $A’000	Year to date $A’000
	48 (2,675) – – (596) – 40 – 76 –	147 (7,421) – – (3,553) – 307 – 2,120 (330)
	(3,107)	(8,730)
Cash flows related to investing activities 1.8 Payment for purchases of: (a) tenements (b) equity investments (c) other fixed assets 1.9 Proceeds from sale of: (a) tenements (b) equity investments (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	– – (2) – – – – – –	(245) – (125) 50 – – – – –
	(2)	(320)

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

1.13 Total operating and investing cash flows (brought forward)	(3,109)	(3,109)	(9,050)
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. (net of expenses) 1.15 Payment for shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other Net financing cash flows	1,378 – – – – –		1,453 – – – – –
	1,378		1,453
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 of quarter	(1,731) 4,504		(7,597) 10,370
	2,773		2,773
Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities
1.23 Aggregate amount of payments to these parties included in item 1.2 1.24 Aggregate amount of loans to the parties included in item 1.10		Current quarter $A'000
		201
		–
1.25 Explanation necessary for an understanding of the transactions

1.23 – Payments include director and consulting fees paid to entities associated with Mr Biddle and Mr Turkington along with the remuneration of the Managing Director. 1.7 – Relate to/include a director related consultancy termination of $330,000.

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.

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Appendix 5B Mining exploration entity quarterly report

Financing facilities available

Add notes as necessary for an understanding of the position.

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

Estimated cash outflows for next quarter

4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.3 Administration	$A’000
	1,000
	–
	–
	450
Total	1,450

Reconciliation of cash

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 – security deposits	2,594	4,335
	–	–
	–	–
	179	169
Total: cash at end of quarter	2,773	4,504

Changes in interests in mining tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased	Tenement reference	Nature of interest (note (2))	Interest at beginning of quarter	Interest at end of quarter
	EL 27706	Surrender date 19/06/13	100%	0%

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

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)	Amount paid up per security (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
	20,784,911	20,784,911	$0.07	$0.07
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Increase through exercise of options (c) Decreases through returns of capital, buy-backs	447,421,428	447,421,428
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 – Director, Consultant and Employee Options 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter	3,000,000	-	Exercise Price $0.235	Expiry Date 26 November 2015
7.11 Debentures (totals only)
7.12 Unsecured notes (totals only)

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

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.

• 2 This statement does give a true and fair view of the matters disclosed.

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Sign here: Managing Director Print name: Paul E Burton

Date: 30 July 2013

• See chapter 19 for defined terms.

Appendix 5B Page 5