ZIMI LIMITED — Interim / Quarterly Report 2012

Apr 29, 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

Name of entity
WHL ENERGY LIMITED
ABN 25 113 326 524 Consolidated statement of cash flows	Quarter ended(“currentquarter”)
	31 March 2012
1.1 1.3 1.4 1.5 1.6 1.7 Net Operating Cash Flows Dividends received Interest and other items of a similar nature received Interest and other costs of finance paid Income taxes paid Other - 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	Current quarter $A’000	Year to date (9 months) $A’000
	59 (347) - - (883) - 27 - - 9	165 (3,858) - - (3,131) - 158 - - 17
	(1,135)	(6,649)
1.10 1.11 1.12 1.13 Net investing cash flows Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets Other (provide details if material) 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets Loans to other entities Loans repaid by other entities Total operating and investing cash flows	- - (5) - - - - - -	(22) - (237) 29 - - - - -
	(5)	(230)
	(1,140)	(6,879)
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	- - - - - -	464 - - - - (463)
	0	1
1.20 1.21 Cash at beginning of quarter/year to date Exchange rate adjustments to item 1.20 Net increase (decrease) in cash held 1.22 Cash at end of quarter	3,672 (1) (1,140)	9,409 - (6,878)
	2,531	2,531

*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

1.23 1.24	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
		261
		-
1.25	Explanation necessaryfor an understandingof the transactions
	Amount $A’000 30 199 32 261 - Salary- Executive Directors Superannuation Payments to Executive Directors and Non- Executive Directors. The breakdown of the amount is as follows: Directors Fees - Non Executive Fees to associates of Non-Executives

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 didnotinvolve cash flows

N/A

• 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

N/A

Financing facilities available

Add notes as necessary for an understanding of the position.

Financing facilities available Add notes as necessary for an understanding of the position.
Loan facilities Credit standby arrangements 3.1 3.2	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

Estimated cash outflows for next quarter
4.1 Exploration and evaluation 4.4 Administration Total 4.3 Production 4.2 Development	$A’000
	2,743
	-
	-
	1,000
	3,743

Reconciliation of cash

Reconciliation of cash
5.1 5.2 5.3 5.4 Other(provide details) Bank overdraft 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 Deposits at call	Current quarter $A’000	Previous quarter $A’000
	2,170 361 - -	2,561 1,110 - -
Total: cash at end of quarter(item 1.22)	2,531	3,671

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 7.12 Unsecured notes (totals only) Changes during quarter Options (description Exercised during Lapsed during quarter Debentures (totals only) 7.6 (a) Increases through (b) Decreases through Issued during quarter 7.11 +Convertible debt 7.4 Changes during quarter (a) Increases through (b) Decreases through 7.2 Changes during quarter (a) Increases through (b) Decreases through 7.3 +Ordinary securities Preference	Total number	Number quoted	Issue price per security (see note 3) (cents)	Amount paid up per security (see note 3) (cents)
	Nil
	Nil
	1,226,588,386	1,226,588,386	Not Required	Not Required
	Nil
	Nil	Nil
	Nil
	169,808,346 5,000,000 5,000,000 250,000,000 4,550,000 35,000,000 1,000,000 5,000,000 2,000,000	169,808,346 - - - - - - - -	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 Exercise price 5.11 cents Exercise price 8.5 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 Expiry date 31/12/2013 Expiry date 31/08/2013 Expirydate 31/18/2013
	Nil	Nil
	Nil	Nil
	(1,000,000)	Nil	Exerciseprice 5.11 cents	Expirydate 31/12/2013
	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: Date: 30 April 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

• 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