Appendix 5B

RNS Number : 1211H

Berkeley Resources Limited

31 October 2008

 

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.

Name of entity

BERKELEY RESOURCES LIMITED

ABN		Quarter ended ('current quarter')
40 052 468 569		30 September 2008

Consolidated statement of cash flows

Cash flows related to operating activities		Current quarter $A'000	Year to date (3 months)  $A'000
1.1	Receipts from product sales and related debtors	-	-
1.2	Payments for    (a) exploration and evaluation     (b) development     (c) production administration	(2,037) - - (311)	(2,037) - - (311)
1.3	Dividends received	-	-
1.4	Interest and other items of a similar nature received	296	296
1.5	Interest and other costs of finance paid	-	-
1.6	Income taxes paid	-	-
1.7	Other  - Business development	(25)	(25)
	Net Operating Cash Flows	(2,077)	(2,077)
	Cash flows related to investing activities
1.8	Payment for purchases of:       (a)prospects      (b)equity investments     (c) other fixed assets	- - -	- - -
1.9	Proceeds from sale of:       (a)prospects      (b)equity investments      (c)other fixed assets	- - -	- - -
1.10	Loans to other entities	-	-
1.11	Loans repaid by other entities	-	-
1.12	Other	-	-
	Net investing cash flows	-	-
1.13	Total operating and investing cash flows (carried forward)	(2,077)	(2,077)

1.13	Total operating and investing cash flows (brought forward)	(2,077)	(2,077)
	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  - capital raising expenses	-	-
	Net financing cash flows	-	-
	Net increase (decrease) in cash held	(2,077)	(2,077)
1.20	Cash at beginning of quarter/year to date	18,185	18,185
1.21	Exchange rate adjustments to item 1.20	-	-
1.22	Cash at end of quarter	16,108	16,108

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	211
1.24	Aggregate amount of loans to the parties included in item 1.10	-
1.25	Explanation necessary for an understanding of the transactions
	Payments include executive remuneration, superannuation and directors' fees.

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
	Not applicable

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
	Not applicable

  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	1,500
4.2	Development	-
	Total	1,500

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  $A'000	Previous quarter $A'000
5.1	Cash on hand and at bank	1,949	2,206
5.2	Deposits at call	14,159	15,979
5.3	Bank overdraft	-	-
5.4	Other (provide details)	-	-
	Total: cash at end of quarter (item 1.22)	16,108	18,185

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
6.2	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 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	103,591,695	103,591,695	Not Applicable	Not Applicable
7.4	Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy-backs
7.5	+Convertible debt securities
7.6	Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted
7.7	Options   -Unlisted Options -Incentive Options -Employee Options -Employee Options	10,600,000 2,250,000 2,280,000 737,500	- - - -	Exercise price $0.70 $1.00 $1.86 $1.00	Expiry date 30 April 2010 30 November 2008 5 August 2011 19 June 2012
7.8	Issued during quarter	287,500	-	$1.00	19 June 2012
7.9	Exercised during quarter
7.10	Expired during quarter -Employee Options (ceasing eligible employment)	-	-	-	-
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:  31 October 2008

(Director/Company secretary)

Print name:     CLINT MCGHIE

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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