Mining exploration entity quarterly report
| Name of entity |
| New Talisman Gold Mines Limited |
| ABN | Quarter ended (“current quarter”) | |
| 009 474 702 | 31st March 2014 |
Consolidated statement of cash flows
|
Cash flows related to operating activities
|
Current Quarter
$NZ |
Year to date
(12months) $NZ |
|
| 1.1 | Receipts from product sales and related debtors
|
Nil
|
Nil |
| 1.2 | Payments for (a) exploration & evaluation
(b) development (c) production (d) administration |
(186,206)
Nil (181,523) |
(598,829)
Nil (726,459) |
| 1.3 | Dividends received | Nil | Nil |
| 1.4 | Interest and other items of a similar nature received |
4,226 |
10,460 |
| 1.5 | Interest and other costs of finance paid | Nil | Nil |
| 1.6 | Income taxes paid | Nil | Nil |
| 1.7 | Other (provide details if material) | Nil | 1,050 |
|
Net Operating Cash Flows |
(363,503) |
(1,313,778) |
|
|
Cash flows related to investing activities |
|||
| 1.8 | Payment for purchases of: (a) prospects
(b) equity investments (c) other fixed assets |
Nil
Nil (100)
|
Nil
Nil (2,248)
|
| 1.9 | Proceeds from sale of: (a) prospects
(b) equity investments (c) other fixed assets |
Nil
Nil Nil |
Nil
Nil Nil |
| 1.10 | Loans to other entities | Nil | (5,236) |
| 1.11 | Loans repaid by other entities | Nil | 325 |
| 1.12 | Other (provide details if material) – Sale of Share Investments |
Nil |
428,677 |
|
Net Investing Cash Flows |
(100) |
421,518 |
|
| 1.13 | Total operating and investing cash flows (carried forward) |
(363,603) |
(892,260) |
|
|
Cash flows related to financing activities |
||
| 1.14 | Proceeds from issues of shares, options, etc. | 23,856 | 927,241 |
| 1.15 | Proceeds from sale of forfeited shares | Nil | Nil |
| 1.16 | Proceeds from borrowings | Nil | Nil |
| 1.17 | Repayment of borrowings | Nil | Nil |
| 1.18 | Dividends paid | Nil | Nil |
| 1.19 | Other (provide details if material) Short Term Loan | Nil | Nil |
| Net financing cash flows | 23,856 | 927,241 | |
|
Net increase (decrease) in cash held
|
(339,747) |
34,981 |
|
| 1.20 | Cash at beginning of quarter/year to date | 682,570 | 325,880 |
| 1.21 | Exchange rate adjustments to item 1.20 | (8,078) | (26,116) |
| 1.22 | Cash at end of quarter | 334,745 | 334,745 |
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
$NZ |
||
|
1.23 |
Aggregate amount of payments to the parties included in item 1.2 |
(53,495) |
|
1.24 |
Aggregate amount of loans to the parties included in item 1.10 |
Nil |
|
1.25 |
Explanation necessary for an understanding of the transactions |
|
|
|
Director fees and salary |
|
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 |
|
None |
| 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 |
|
None
|
Financing facilities available
Add notes as necessary for an understanding of the position.
| Amount available
$NZ |
Amount used
$NZ |
||
| 3.1 | Loan facilities
|
None
|
None |
| 3.2 | Credit standbyarrangements
|
None | None |
Estimated cash outflows for next quarter
| $NZ | ||
| 4.1 | Exploration and evaluation
|
150,000 |
| 4.2 | Development
|
Nil |
| 4.3 | Production
|
Nil |
| 4.4 | Administration
|
180,000 |
| Total | 330,000 |
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
$NZ |
Previous quarter
$NZ |
|
| 5.1 | Cash on hand and at bank | 61,818 | 429,974 |
| 5.2 | Deposits at call | 167,927 | 167,596 |
| 5.3 | Bank overdraft | Nil | Nil |
| 5.4 | Other (provide details) – Bond | 105,000 | 85,000 |
| Total: cash at end of quarter (item 1.22) | 334,745 | 682,570 | |
Mining tenements held
| Permit Number | Type | Permit Name | Location | Interest at beginning of quarter | Interest at end of quarter |
|
MP 51326 EP 40117 EP 40736 EP 53706
|
Mining Exploration Exploration Exploration |
Talisman Rahu Golden Valley Parakao |
Coromandel, NZ Coromandel, NZ Coromandel, NZ Northland, NZ
|
100% 100% 100% 100%
|
100% 100% 100% 100% |
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
|
None |
|
|
|
| 6.2 | Interests in mining tenements acquired or increased |
None |
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
|
38,623,000
10,000,000 20,000,000 5,000,000 186,400 1,000,000 7,200,000 12,000,000 14,000,000 16,666 33,333 23,500,000 23,333 16,667,000 24,420,201 5,250,936 7,391,296 5,556 8,500,000 10,000 2,500,000 11,500,000 5,725,184 53,814,303 9,000,000 2,500,000 8,836,112 55,849,868 16,001,360 119,851,516 49,410,000 35,067,437 2,000,000 565,883,501 |
38,623,000
10,000,000 20,000,000 5,000,000 186,400 1,000,000 7,200,000 12,000,000 14,000,000 16,666 33,333 23,500,000 23,333 16,667,000 24,420,201 5,250,936 7,391,296 5,556 8,500,000 10,000 2,500,000 11,500,000 5,725,184 53,814,303 9,000,000 2,500,000 8,836,112 55,849,868 16,001,360 119,851,516 49,410,000 35,067,437 2,000,000 565,883,501 |
25c
3.8c 5.9c 10c 25c 5.5c 5c AUD 8c AUD 8c 9c 9c 5c 8.5c AUD 2.5c 2.9c 2.9c 2.9c 8.3c AUD 3.5c 10c AUD 3.5c AUD 3.5c 8.3c AUD 4.5c AUD 4.5c AUD 3.5c AUD 4.5c AUD 2.8c AUD 1.5c AUD 1.0c AUD 1.1c NZ 1 cent or AU 0.86c AU 1.1c |
|
| 7.4 | Changes during quarter
(a) Increases through issues (b) Decreases through returns of capital, buy-backs |
2,000,000 |
2,000,000 |
AU 1.1c |
|
| 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) |
119,851,516
4,000,000 4,500,000
|
Nil
Nil Nil |
Exercise price
$A0.02 or NZ equivalent
$A0.011 or NZ equivalent $A0.011 or NZ equivalent |
Expiry date
28 November 2017
11 November 2018 13 November 2018 |
| 7.8 | Issued during quarter | Nil | Nil
|
||
| 7.9 | Exercised during quarter | 2,000,000 | 2,000,000 | ||
| 7.10 | Expired during quarter | Nil | Nil | ||
| 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 4).
2 This statement does /does not* (delete one) give a true and fair view of the matters disclosed.
Sign here: …………………………………………………… Date 30 April 2014
(Director/Company secretary)
Sue Sangster
Print name: ……………………………………………………….
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.
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