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Appendix 5B

18th Jul 2013 07:00

RNS Number : 5578J
Wolf Minerals Limited
18 July 2013
 



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

WOLF MINERALS LIMITED

 

ABN

Quarter ended ("current quarter")

11 121 831 472

 

30 June 2013

 

Consolidated statement of cash flows

 

Cash flows related to operating activities

 

Current quarter

$A'000

Year to date

(12 months)

$A'000

1.1

Receipts from product sales and related debtors

 

1.2

Payments for (a) exploration & evaluation

(b) development

(c) production

(d) administration

-

(5,769)

-

(1,200)

-

(11,907)

-

(4,928)

1.3

Dividends received

1.4

Interest and other items of a similar nature received

 

29

 

94

1.5

Interest and other costs of finance paid

1.6

Income taxes paid

1.7

Other (provide details if material)

- R&D Rebate

- Other income

 

-

-

 

-

-

 

Net Operating Cash Flows

 

(6,940)

 

(16,740)

 

Cash flows related to investing activities

1.8

Payment for purchases of: (a) prospects

(b) equity investments

(c) other fixed assets

 

-

-

 

 

-

(6)

 

1.9

Proceeds from sale of: (a) prospects

(b) equity investments

(c) other fixed assets

-

-

6,926

-

-

6,926

1.10

Loans to other entities

1.11

Loans repaid by other entities

1.12

Other (provide details if material)

 

Net investing cash flows

 

6,926

 

6,920

1.13

Total operating and investing cash flows (carried forward)

 

(14)

 

(9,820)

 

1.13

Total operating and investing cash flows (brought forward)

 

(14)

 

(9,820)

 

Cash flows related to financing activities

1.14

Proceeds from issues of shares, options, etc.

(7)

25,830

1.15

Proceeds from sale of forfeited shares

-

1.16

Proceeds from borrowings

9,894

9,894

1.17

Repayment of borrowings

-

(6,000)

1.18

Dividends paid

1.19

Other - borrowing costs

(2,620)

(4,325)

Net financing cash flows

7,267

25,399

 

Net increase (decrease) in cash held

 

 

7,253

 

15,579

1.20

Cash at beginning of quarter/year to date

9,985

2,073

1.21

Exchange rate adjustments to item 1.20

1,430

1,016

1.22

Cash at end of quarter

18,668

18,668

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

 

72

 

1.24

 

Aggregate amount of loans to the parties included in item 1.10

 

1.25

 

Explanation necessary for an understanding of the transactions

 

 

1. Payment of consulting and directors fees to directors.

 

 

 

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

(i) Shares issued in satisfaction of establishment fees in accordance with further funding facility terms approved at the company's General Meeting on 24 January 2013. 7,945,589 shares @ $0.27 valued at $2,145,309.

(ii) Options issued in satisfaction of acceptance fees in accordance with further funding facility terms approved at the company's General Meeting on 24 January 2013. 3,200,000 options exercisable @ $0.264 valued at $373,104.

 

 

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.

 

 

Amount available

$A'000

Amount used

$A'000

3.1

Loan facilities

 

$80,362,500

(US$75,000,000)

$10,715,000

(US$10,000,000)

3.2

Credit standby arrangements

 

-

-

 

Estimated cash outflows for next quarter

$A'000

4.1

Exploration and evaluation

 

-

4.2

Development

 

11,050

4.3

Production

 

-

4.4

Administration

 

2,300

 

 

Total

 

13,350

 

 

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

18,558

9,908

5.2

Deposits at call

110

77

5.3

Bank overdraft

-

-

5.4

Other (provide details)

-

-

Total: cash at end of quarter (item 1.22)

18,668

9,985

 

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 relinquished, reduced or lapsed

 

 

N/A

 

N/A

 

 

 

 

6.2

Interests in mining tenements acquired or increased

 

 

N/A

 

N/A

 

 

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 up 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

 

198,017,660

198,017,660

7.4

Changes during quarter

(a) Increases through issues

(b) Decreases through returns of capital, buy-backs

 

7,945,589

 

7,945,589

 

$0.27

 

$0.27

7.5

+Convertible debt securities (description)

7.6

Changes during quarter

(a) Increases through issues

(b) Decreases through securities matured, converted

7.7

Options (description and conversion factor)

 

850,000

 

850,000

 

478,012

 

100,418

 

524,086

 

223,882

 

529,845

 

226,342

 

529,845

 

226,342

 

172,776

 

73,807

 

3,200,000

 

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

Exercise price $0.34

Exercise Price $0.347

Exercise Price $0.333

Exercise Price $0.3898

Exercise Price $0.333

Exercise Price $0.3898

Exercise Price $0.333

Exercise Price $0.3898

Exercise Price $0.333

Exercise Price $0.3898

Exercise Price $0.333

Exercise Price $0.3898

Exercise Price $0.264

 

Expiry 26 November 2014

Expiry 20 November 2013

Expiry 1 April 2015

 

Expiry 1 April 2015

 

Expiry 19 July 2015

 

Expiry 19 July 2015

 

Expiry 16 October 2015

Expiry 16 October 2015

Expiry 1 January 2016

Expiry 1 January 2016

Expiry 30 January 2016

Expiry 30 January 2016

Expiry 22 May 2016

 

7.8

Issued during quarter

 

3,200,000

 

 

-

 

 

 

Exercise Price $0.264

 

 

Expiry 22 May 2016

 

7.9

Exercised during quarter

7.10

Expired during quarter

-

-

 

-

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 give a true and fair view of the matters disclosed.

 

 

Sign here: Richard Lucas

(Company secretary) Date: 18 July 2013

 

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 securities.

 

4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: 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.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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