ZIMI LIMITED — Interim / Quarterly Report 2013

Oct 30, 2012

Rule 5.3

Appendix 5B

Mining 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

Name of entity WHL ENERGY LIMITED

Consolidated statement of cash flows ABN 25 113 326 524	Quarter ended(“currentquarter”)	Quarter ended(“currentquarter”)
	30 September 2012
1.1 1.3 1.4 1.5 1.6 1.7 Income taxes paid Other - Net Operating Cash Flows Cash flows related to operating activities Receipts from product sales and related debtors 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) administration Dividends received Interest and other items of a similar nature received Interest and other costs of finance paid	Current quarter $A’000	Year to date (3 months) $A’000
	- (971) - - (687) - 64 - - -	- (971) - - (687) - 64 - - -
	(1,594)	(1,594)
1.10 1.11 1.12 Other (provide details if material) Net investing cash flows 1.13 Total operating and investing cash flows 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets Loans to other entities Loans repaid by other entities Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets	- - (27) - 22 - - - -	- - (27) - 22 - - - -
	(5)	(5)
	(1,599)	(1,599)
1.14 1.15 1.16 1.17 1.18 1.19 Proceeds from borrowings Repayment of borrowings Dividends paid Share issue costs Net financing cash flows Cash flows related to financing activities Proceeds from issues of shares, options, etc. Proceeds from sale of forfeited shares	- - - - - -	- - - - - -
	0	0
1.20 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end of quarter Net increase (decrease) in cash held Cash at beginning of quarter/year to date	8,177 (15) (1,599)	8,177 (15) (1,599)
	6,563	6,563

*The Group reclassified the advances made to other entities in previous quarters to reflect the acquisition of Seyco on 28 February 2011.

"+ See chapter 19 for defined terms.

Appendix 5B Page 1

Appendix 5B Mining exploration entity quarterly report

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

1.24 1.23	Aggregate amount of loans to the parties included in item 1.10 Aggregate amount of payments to the parties included in item 1.25	Currentquarter
		$A'000
		230
		-
1.25 Amount $A’000 29 187 14 230 - 2.1 2.2 N/A Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest N/A Directors Fees - Non Executive Salary- Executive Directors Superannuation Fees to associates of Non-Executives Non-cash financing and investing activities Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows Explanation necessaryfor an understandingof the transactions Payments to Executive Directors and Non- Executive Directors. The breakdown of the amount is as follows:	Explanation necessaryfor an understandingof the transactions
	Amount $A’000 29 187 14 230 - Directors Fees - Non Executive Salary- Executive Directors Superannuation Fees to associates of Non-Executives Payments to Executive Directors and Non- Executive Directors. The breakdown of the amount is as follows:
	N/A
	Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest
	N/A

Financing facilities available

Add notes as necessary for an understanding of the position.

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

"+ See chapter 19 for defined terms.

Appendix 5B Page 2

Appendix 5B Mining exploration entity quarterly report

Estimated cash outflows for next quarter

Appendix 5B Estimated cash outflows for next quarter Mining exploration entity quarterly report
Total 4.3 Production 4.4 Administration 4.1 Exploration and evaluation 4.2 Development	$A’000
	2,572
	-
	-
	950
	3,522

Reconciliation of cash
5.1 5.2 5.3 5.4 Deposits at call Bank overdraft Other(provide details) 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. Cash on hand and at bank	Current quarter $A’000	Previous quarter $A’000
	2,847 3,716 - -	2,961 5,216 - -
Total: cash at end of quarter(item 1.22)	6,563	8,177

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
			N/A
			N/A

"+ See chapter 19 for defined terms.

Appendix 5B Page 3

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.

7.1 7.5 7.7 7.8 7.9 7.10 (totals only) 7.12 Unsecured notes (totals only) Issued during quarter Exercised during Lapsed during quarter 7.11 Debentures 7.6 Changes during quarter (a) Increases through (b) Decreases through Options (description 7.4 Changes during quarter (a) Increases through (b) Decreases through +Convertible debt 7.3 +Ordinary securities Preference 7.2 Changes during quarter (a) Increases through (b) Decreases through	Total number	Number quoted	Issue price per security (see note 3) (cents)	Amount paid up per security (see note 3) (cents)
	Nil
	Nil
	1,407,038,386	1,407,038,386	Not Required	Not Required
	0 Nil	-	0	0
	Nil	Nil
	Nil
	5,000,000 5,000,000 250,000,000 4,550,000 35,000,000 5,000,000 2,000,000	- - - - - - -	Exercise price 7.5 cents Exercise price 5.0 cents Exercise price 7.5 cents Exercise price 0.01 cents Exercise price 3.92 cents Exercise price 4.95 cents Exerciseprice 8.5 cents	Expiry date 30/06/2012 Expiry date 30/09/2013 Expiry date 30/09/2013 Expiry date 31/12/2013 Expiry date 31/07/2013 Expiry date 31/12/2013 Expirydate 31/08/2013
	Nil	Nil
	Nil	Nil
	(2,000,000)	(2,000,000) Exercise price 8.5 cents		Expiry date 31/08/2013
	Nil
	Nil

"+ See chapter 19 for defined terms.

Appendix 5B Page 4

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 (see note 5).

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

Sign here:

==> picture [153 x 33] intentionally omitted <==

Date: 31 October 2012

(Finance Director)

David Rowbottam

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 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, 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 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.

Appendix 5B Page 5