31st Jan 2008 16:36
Thor Mining PLC31 January 2008 THOR MINING PLC Appendix 5B - December 2007 Quarterly Report Dated: 31 January 2007 Thor Mining PLC ("the Company" or "Thor"), AIM, ASX: "THR" the specialist metalscompany focused on advancing tungsten-molybdenum and uranium projects in theNorthern Territory of Australia, today released the following report on theAustralian Stock Exchange ("ASX"),as required under the rules of the ASX. Mining exploration quarterly report Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98. Name of entityTHOR MINING PLC ACN or ARBN Quarter ended ("current quarter")121 117 673 31 December 2007 Consolidated statement of cash flows Current quarter Year to date Cash flows related to operating activities $A'000 $A'000 1.1 Receipts from customers - -1.2 Payments for (a) exploration and evaluation (382) (719) (b) development expenditure (213) (414) (c) production - - (d) administration (391) (1,071)1.3 Royalties received - -1.4 Interest and other items of a similar nature received 63 1181.5 Interest and other costs of finance paid - -1.6 Income taxes paid - -1.7 Other 82 82 Net Operating Cash Flows (841) (2,004) Cash flows related to investing activities1.8 Payment for purchases of: (a)prospects - - (b)controlled entity (net of cash acquired) - - (c)other fixed assets (14) (23) (d) development assets - -1.9 Proceeds from sale of: (a) prospects - - (b) equity investments - - (c) controlled entity - - (d) other fixed assets1.10 Loans to other entities - -1.11 Loans repaid by other entities - -1.12 Other - - Net investing cash flows (14) (23)1.13 Total operating and investing cash flows (carried (855) (2,027) forward) Total operating and investing cash flows (brought forward) (855) (2,027) Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. (net of expenses) 124 1,9461.15 Payment for shares - -1.16 Proceeds from borrowings - -1.17 Repayment of borrowings (7) (13)1.18 Dividends paid - -1.19 Other - - Net financing cash flows 117 1,933 Net increase (decrease) in cash held (738) (94)1.20 Cash at beginning of quarter/year to date 4,979 4,3351.21 Exchange rate adjustments to item 1.20 - -1.22 Cash at end of quarter 4,241 4,241 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'0001.23 Aggregate amount of payments to these parties included in item 91 1.2 1.24 Aggregate amount of loans to these parties included in item 1.10 - 1.25 Explanation necessary for an understanding of the transactions 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'0003.1 Loan facilities 200 2003.2 Credit standby arrangements - - Estimated cash outflows for next quarter $A'0004.1 Exploration and evaluation 9674.2 Development - Total 967 Reconciliation of cash Reconciliation of cash at the end of the quarter Current quarter Previous quarter(as shown in the consolidated statement of cash flows) to the related items in the accounts is as $A'000 $A'000follows.5.1 Cash on hand and at bank 4,241 4,9795.2 Deposits at call - -5.3 Bank overdraft - -5.4 Other - security deposits - - Total: cash at end of quarter (item 1.22) 4,241 4,979 Changes in interests in mining tenements Tenement Nature of interest Interest at Interest at reference beginning end of (note (2)) of quarter quarter6.1 Interests in mining tenements relinquished, reduced or lapsed6.2 Interests in mining tenements 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 Number quoted Issue price per Amount paid up per security (see note 3) security (see note 3) (cents) (cents)7.1 Preference +securities (description)7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs, redemptions7.3 +Ordinary 140,455,903 140,455,903 securities7.4 Changes during quarter (a) Increases through issues 666,267 666,267 (b) Decreases through returns of capital, buy-backs, consolidation (1for3)7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted 7.7 Options Exercise Price Expiry Date A - Directors, 3,333,333 - 11.25 pence 15 June 2009 Consultants and Employee Options 455,000 - 6.00 pence 29 June 2010 1,000,000 - 8.00 pence 15 June 2009 12,500,000 - 8.00 pence 15 June 2009 B - Listed 2,750,000 - 11.25 pence 15 June 2009 warrants 65,589,829 - 8.00 pence 15 June 2009 7.8 Issued during quarter7.9 Exercised during 666,267 666,267 8.00 pence 15 June 2009 quarter7.10 Expired during quarter7.11 Decrease through Consolidation7.12 Unsecured notes (totals only) Compliance statement 1 This statement has been prepared under accounting policies, whichcomply with accounting standards as defined in the Corporations Act or otherstandards acceptable to ASX. 2 This statement does give a true and fair view of the mattersdisclosed. Sign here: Date: 25 January 2008 (Company Secretary)Print name: DAMIAN DELANEY Enquiries: John Young + 61 (0) 419 954 020 Thor Mining PLC Chief Executive OfficerJohn Simpson 020 7512 0191 Blomfield Corporate Finance Nominated Adviser LtdLeesa Peters 020 7429 6600 Conduit PR Limited Public Relations orJos Simson 020 7429 6603Nicholas Read + 61 (0) 8 9388 1474 Read Corporate Public Relations -Australia Updates on the Company's activities are regularly posted on Thor's websitewww.thormining.com, which includes a facility to register to receive theseupdates by email. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Thor Energy