Appendix 5B - Mining exploration entity and oil and gas exploration entity quarterly report
September 2014 Quarterly Report
Aceh gold-copper project, Indonesia
Prosperity continues to operate under a tight budget and seek funding / joint ventures for its Aceh project (figure 1) in Indonesia. Limited work was done during the quarter.
Prosperity Resources Limited
100 Parry St
PERTH WA 6000
ABN 60 103 280 235
PO Box 7516
Cloisters Square
PERTH WA 6850
Tel: +618 9322 7575
Fax: +618 9322 9485
Website:www.prosperity.net.au
Email:[email protected]
Share Registry Enquiries: Computershare Investor Services
45 St Georges Terrace
PERTH WA 6000
Tel: +618 9323 2000
Fax: +618 9323 2033
Capital Structure: ASX Listed Shares: 443.4M Unlisted Options: 1.5M Performance Rights: 7.25M
ASX Code: PSP - ordinary shares
Directors: Mo Munshi Chairman/Managing Director
John Arbuckle
Non-Executive Director
Sebastian Hempel
Non-Executive Director
Mufti Habriansyah
Non-Executive Director
Figure 1: Prosperity's land package in Aceh
September 2014 Quarterly Report
Mining Tenements Status
|
Mining tenements held at the end of quarter
|
|
Project
|
Tenement
|
Country/Province
|
Status
|
Interest
|
|
Aceh
|
MMU
|
Indonesia / Aceh
|
Granted
|
73.80%
|
|
Aceh
|
BAM
|
Indonesia / Aceh
|
Granted
|
73.80%
|
|
Aceh
|
MKM
|
Indonesia / Aceh
|
Granted
|
73.80%
|
|
Aceh
|
ATP
|
Indonesia / Aceh
|
Granted
|
83.70%
|
|
Aceh
|
AMN
|
Indonesia / Aceh
|
Granted
|
83.70%
|
|
Aceh
|
AWC
|
Indonesia / Aceh
|
Granted
|
83.70%
|
|
Tennant Creek
|
C23846
|
Australia / NT
|
Granted
|
100.00%
|
|
Tennant Creek
|
C23895
|
Australia / NT
|
Granted
|
100.00%
|
Corporate
The Company requested a voluntary suspension on the ASX to finalise the
Company's 30 June 2014 statutory accounts.
For further information please contact:
Mo Munshi
Chairman/Managing Director
+86 139 1017 5192
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Mining exploration entity and oil and gas 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, 01/05/2013
Name of entity
Prosperity Resources Limited
ABN Quarter ended ("current quarter")
60 103 280 235 30 September 2014
Consolidated statement of cash flows
Cash flows related to operating activities
1.1 Receipts from product sales and related debtors
1.2 Payments for (a) exploration & evaluation
(b) development
(c) production
(d) administration
1.3 Dividends received
1.4 Interest and other items of a similar nature received
1.5 Interest and other costs of finance paid
1.6 Income taxes paid
1.7 Rental income
1.8 Recovery of outstanding debt
Net Operating Cash Flows
+ See chapter 19 for defined terms.
01/05/2013 Appendix 5B Page 3
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
|
1.13 Total operating and investing cash flows
(brought forward)
|
(15)
|
(15)
|
|
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, etc.
1.15 Proceeds from sale of forfeited shares
1.16 Proceeds from borrowings
1.17 Repayment of borrowings
1.18 Dividends paid
1.19 Other (provide details if material)
Net financing cash flows
|
14
|
14
|
|
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, etc.
1.15 Proceeds from sale of forfeited shares
1.16 Proceeds from borrowings
1.17 Repayment of borrowings
1.18 Dividends paid
1.19 Other (provide details if material)
Net financing cash flows
|
14
|
14
|
|
Net increase (decrease) in cash held
1.20 Cash at beginning of quarter/year to date
1.21 Exchange rate adjustments to item 1.20
1.22 Cash at end of quarter
|
(1)
3
|
(1)
3
|
|
Net increase (decrease) in cash held
1.20 Cash at beginning of quarter/year to date
1.21 Exchange rate adjustments to item 1.20
1.22 Cash at end of quarter
|
2
|
2
|
Payments to directors of the entity, associates of the directors, 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 -
1.24 Aggregate amount of loans to the parties included in item 1.10 -
1.25 Explanation necessary for an understanding of the transactions
NA
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
NA
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
NA
+ See chapter 19 for defined terms.
Appendix 5B Page 4 01/05/2013
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Financing facilities available
Add notes as necessary for an understanding of the position.
3.1 Loan facilities
3.2 Credit standby arrangements
Estimated cash outflows for next quarter
4.1 Exploration and evaluation
4.2 Development
4.3 Production
4.4 Administration
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.
+ See chapter 19 for defined terms.
01/05/2013 Appendix 5B Page 5
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Changes in interests in mining tenements and petroleum tenements
6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed
6.2 Interests in mining tenements and petroleum tenements acquired or increased
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.
7.5 +Convertible debt securities (description)
+ See chapter 19 for defined terms.
Appendix 5B Page 6 01/05/2013
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
7.6 Changes during quarter
(a) Increases through issues (b) Decreases through securities matured,
converted
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 /does not* (delete one) give a true and fair view of the matters disclosed.
Sign here: ............................................................ Date: 31 October 2014 (Company secretary)
Print name: G Taylor
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 and petroleum tenements acquired, exercised or lapsed during the
+ See chapter 19 for defined terms.
01/05/2013 Appendix 5B Page 7
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
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 or petroleum 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 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 8 01/05/2013