Appendix 5B - Mining exploration entity quarterly report
Appendix 5B
Mining 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
Rule 5.3
|
Name of entity
|
|
TASMAN RESOURCES LTD
|
|
ABN
|
Quarter ended ('current quarter')
|
|
85 009 253 187
|
30 September 2015
|
Consolidated statement of cash flows
|
Cash flows related to operating activities
|
Curent quarter
$A'000
|
Year to September (3 months)
$A'000
|
|
1.1
|
Receipts from product sales and related debtors
|
-
|
-
|
|
1.2
|
Payments for (a) exploration & evaluation
-
development
-
production
-
administration
|
(34)
-
- (325)
|
(34)
-
- (325)
|
|
1.3
|
Dividends received
|
-
|
-
|
|
1.4
|
Interest and other items of a similar nature received
|
2
|
2
|
|
1.5
|
Interest and other costs of finance paid
|
-
|
-
|
|
1.6
|
Tax paid / received
|
-
|
-
|
|
1.7a
|
Other (receipts)
|
(877)
|
(877)
|
|
1.7b
|
Other (Eden)
|
|
Net Operating Cash Flows
|
(1,234)
|
(1,234)
|
|
Cash flows related to investing activities
|
-
-
-
|
-
-
-
|
|
1.8
|
Payment for purchases of: (a) prospects
-
equity investments
-
other fixed assets
|
|
1.9
|
Proceeds from sale of: (a) prospects
-
equity investments
-
other fixed assets
|
-
-
-
|
-
-
-
|
|
1.10
|
Loans to other entities
|
-
|
-
|
|
1.11
|
Loans repaid by other entities
|
-
|
-
|
|
1.12
|
Other (provide details if material)
|
-
|
-
|
|
Net investing cash flows
|
-
|
-
|
|
1.13
|
Total operating and investing cash flows (carried forward)
|
(1,234)
|
(1,234)
|
Notes:
THIS CONSOLIDATED STATEMENT OF CASHFLOWS REFLECTS THE CONSOLIDATED FINANCIAL STATEMENTS OF BOTH TASMAN RESOURCES LTD AND EDEN ENERGY LTD DUE TO TASMAN HOLDING 44.49% OF THE ISSUED CAPITAL OF EDEN.
1.7b - Relates to operating cashflows of Eden Energy Ltd, an ASX listed company of which Tasman has a 44.49% interest in and is consolidated into Tasman.
|
1.13
|
Total operating and investing cash flows (brought forward)
|
(1,234)
|
(1,234)
|
|
Cash flows related to financing activities
|
805
|
805
|
|
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
|
805
|
805
|
|
Net increase (decrease) in cash held
|
(429)
|
(429)
|
|
1.20
|
Cash at beginning of quarter/year to date
|
1,279
|
1,279
|
|
1.21
|
Exchange rate adjustments to item 1.20
|
-
|
-
|
|
1.22
|
Cash at end of quarter
|
850
|
850
|
Notes:
1.22 - $634,000 is held by Eden Energy Ltd, an ASX listed company of which Tasman has a 44.49% interest.
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
|
6
|
|
1.24
|
Aggregate amount of loans to the parties included in item 1.10
|
-
|
1.25 Explanation necessary for an understanding of the transactions
Management Fees, as per agreement, were paid during the quarter to a company of which Mr GH Solomon and Mr DH Solomon are directors.
Directors Fees paid during the period.
Legal Fees, as per agreement, were paid during the quarter to a firm of which Mr GH Solomon and Mr DH Solomon are partners.
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
|
|
$392,315.13 of outstanding Eden directors fees, superannuation and management fees were paid by the issue of Eden shares and options on the 10th of August 2015.
|
|
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
|
-
|
-
|
|
3.2
|
Credit standby arrangements
|
-
|
-
|
Estimated cash outflows for next quarter
|
$A'000
|
|
4.1
|
Exploration and evaluation
|
30
|
|
4.2
|
Development
|
-
|
|
4.3
|
Production
|
-
|
|
4.4
|
Administration
|
160
|
|
Total
|
190
|
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.
|
Curent quarter
$A'000
|
Previous quarter
$A'000
|
|
5.1
|
Cash on hand and at bank
|
216
|
768
|
|
5.2
|
Deposits at call
|
-
|
-
|
|
5.3
|
Bank overdraft
|
-
|
-
|
|
5.4
|
Other (held by Eden Energy Ltd)
|
634
|
511
|
|
Total: cash at end of quarter (item 1.22)
|
850
|
1,279
|
Changes in interests in mining tenements
|
Tenement reference
|
Nature of interest (note (2))
|
Interest at beginning of quarter
|
Interest at end of quarter
|
|
ELA 2015/029
|
Direct
|
100%
|
Nil
|
|
EL 5592
EL 5624
|
Direct Direct
|
Nil Nil
|
100%
100%
|
-
Interests in mining tenements relinquished, reduced or lapsed
-
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 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
-
Increases through issues
-
Decreases through returns of capital, buy- backs, redemptions
|
|
7.3
|
+Ordinary
securities
|
321,576,851
|
321,576,851
|
|
7.4
|
Changes during quarter
-
Increases through issues
-
Decreases through returns of capital, buy-backs
|
8,125,000
7,000,000
|
8,125,000
7,000,000
|
$0.032
$0.081
|
$0.032
$0.081
|
|
7.5
|
+Convertible
debt securities
(description)
|
|
7.6
|
Changes during quarter
-
Increases through issues
-
Decreases through securities matured, converted
|
|
7.7
|
Options (description and conversion factor)
|
78,405,205
2,500,000
|
78,405,205
-
|
Exercise price
5 cents
5 cents
|
Expiry date
31 March 2018
31 March 2018
|
|
7.8
|
Issued during quarter
|
15,125,000
|
15,125,000
|
5 cents
|
31 March 2018
|
|
7.9
|
Exercised during quarter
|
|
7.10
|
Expired during quarter
|
|
7.11
|
Debentures
(totals only)
|
|
7.12
|
Unsecured notes
(totals only)
|