30th Apr 2007 11:05
Medusa Mining Limited30 April 2007 Rule 5.3 Appendix 5B Mining exploration entity quarterly report Name of entityMEDUSA MINING LIMITED ACN or ARBN Quarter ended ("current quarter")------------------- -----------------------099 377 849 31 March 2007------------------- ----------------------- Consolidated statement of cash flows ---------- ---------- Current Year to date quarter (9 months) $A'000 $A'000 ---------- ---------- CASH FLOWS RELATING TO OPERATING ACTIVITIES 1.1 Receipts from product sales and related debtors 1,118 6,510 1.2 Payments for (a) exploration and evaluation (882) (3,226) (b) lease payments - - (c) operation (1,200) (4,699) (d) administration (911) (2,325) 1.3 Interest and other items of a similar nature 34 91 received 1.4 Other (93) (93) ----- ------------------------------ ---------- ---------- Net operating cash flows (1,934) (3,742) ----- ------------------------------ ---------- ---------- CASH FLOWS RELATING TO INVESTING ACTIVITIES 1.5 Payments for (a) prospects - - (b) equity investment (2,416) (8,000) (c) fixed assets (113) (1,199) (d) development (470) (3,649) 1.6 Proceeds from sale of: (a) prospects - - (b) equity investments (25) (25) (c) fixed assets - - 1.7 Loans to other entities - (50) 1.8 Loans repaid by other entities - - 1.9 Other (provide details if material) - - ----- ------------------------------ ---------- ---------- Net investing cash flows (3,024) (12,923) ----- ------------------------------ ---------- ----------1.10 Total operating and investing cash flows (4,958) (16,665) (carried forward) ---------- ---------- ------------------------------ 1.10 Total operating and investing cash flows (4,958) (16,665) ----- (brought forward) ---------- ---------- ------------------------------ CASH FLOWS RELATING TO FINANCING ACTIVITIES 1.11 Proceeds from issues of shares, options, etc. 4,265 15,783 1.12 Proceeds from sale of forfeited shares - - 1.13 Proceeds from borrowings - - 1.14 Repayment of borrowings - - 1.15 Dividends paid - - 1.16 Other (issue expenses) - (722) ----- ------------------------------ ---------- ---------- Net financing cash flows 4,265 15,061 ----- ------------------------------ ---------- ---------- Net increase (decrease) in cash held (693) (1,604) 1.17 Cash at beginning of quarter/year to date 2,680 3,534 1.18 Exchange rate adjustments to item 1.20 (5) 52 ----- ------------------------------ ---------- ---------- 1.19 Cash at end of quarter 1,982 1,982 ----- ------------------------------ ---------- ---------- Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the relatedentities ------------ Current quarter $A'000 ------------ ------------ 1.203 Aggregate amount of payments to the parties included 164 in item 1.2 ------------ 1.21 Aggregate amount of loans to the parties included in - item 1.10 ------------ 1.22 Explanation necessary for an understanding of the transactions -------------------------------------------------------------- Salaries and consulting fees paid to Directors of the Company -------------------------------------------------------------- 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 ------------------------------------------------------------------------ ------------------------------------------------------------------------ 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 $A'000 ------------- 4.1 Exploration and evaluation 700 ------------- 4.2 Development 300 ---------------------------------- ------------- Total 1,000 ---------------------------------- ------------- Reconciliation of cash---------------------------- ------------ -------------Reconciliation of cash at the end of the Current quarter Previous quarterquarter (as shown in the consolidatedstatement of cash flows) to the related itemsin the accounts is as follows. $A'000 $A'000 ------------ ------------- 5.1 Cash on hand and at bank 488 953 ------------ ------------- 5.2 Deposits at call 1,494 1,727 ------------ ------------- 5.3 Bank overdraft - - ------------ ------------- 5.4 Other (provide details) - - ----------------------------------- ------------ ------------- Total: cash at end of quarter 1,982 2,680 (item 1.22) ----------------------------------- ------------ ------------- Changes in interests in mining tenements Tenement reference Nature of interest Interest at Interest at (note 2) beginning end of of quarter quarter ----------------- ---------------- ---------- ----------6.1 Interests in - - - - mining tenements relinquished, reduced or lapsed ------------------ ---------------- ---------- ---------- 6.2 Interests in SSMP000004-XIII SSMP 0 100% 100% mining tenements SSMP000077-XIII SSMP 0 100% acquired or increased ---------------- -------------- -------- -------- Issued and quoted securities at end of current quarter Description includes rate of interest and any redemption or conversion rightstogether with prices and dates. Total Number Issue price Amount paid number quoted per security up per security (see note 3) (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 ------------------ ----------- ----------- ---------- ------------- 7.3 +Ordinary 124,537,548 124,537,548 securities ----------- ----------- ---------- ------------- 7.4 Changes during quarter (a) Increases 20,865,403 20,865,403 $0.20 $0.20 through issues (b) Decreases through returns of capital, buy-backs ------------------ ----------- ----------- ---------- ------------ 7.5 +Convertible debt securities (description) ----------- ----------- ---------- ------------ 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted ------------------ ----------- ----------- ---------- ---------- 7.7 Options 6,650,000 - Exercise price Expiry date (description and (see note 6) (see note 6) conversion factor) ----------- ----------- ---------- ---------- 7.8 Issued during 2,050,000 quarter ----------- ----------- ---------- ---------- 7.9 Exercised during (20,865,403) (20,640,403) $0.20 quarter ----------- ----------- ---------- ----------7.10 Expired during (129,125) (129,125) $0.20 quarter ------------------ ----------- ----------- ---------- ----------7.11 Debentures (totals only) ------------------ ----------- ----------- ---------- ----------7.12 Unsecured notes (totals only) ------------------ ----------- ----------- ---------- ---------- Compliance statement 1. This statement has been prepared under accounting policies which complywith accounting standards as defined in the Corporations Act or other standardsacceptable to ASX (see note 4). 2. This statement does give a true and fair view of the matters disclosed. Sign here: Date: 30 April 2007 ----------------- ------------- Company SecretaryPrint name: Roy Daniel ----------------- 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 Accounting 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. 6. Unlisted options: Number issued Exercise price Expiry date --------------- ---------------- ------------- 600,000 $0.4334 23 Dec 2009 3,000,000 $0.5764 16 Dec 2007 250,000 $0.7200 02 Oct 2008 1,500,000 $0.9000 02 Oct 2008 500,000 $1.5000 02 Oct 2008 800,000 $0.7128 19 Dec 2009 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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