Appendix 5B - December 2008 Q

RNS Number : 4824M

Thor Mining PLC

30 January 2009

 

THOR MINING PLC

Appendix 5B - December 2008 Quarterly Report

Dated: 30 January 2009

Thor Mining PLC ('the Company' or 'Thor'), AIM, ASX: 'THR' the specialist metals company focused on advancing tungsten-molybdenum and uranium projects in the Northern Territory of Australia, released the following report on the Australian Stock Exchange ('ASX'), as required under the rules of the ASX.

Mining exploration entity quarterly report

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

Name of entity

THOR MINING PLC

ACN or ARBN		Quarter ended ('current quarter')
121 117 673		31 December 2008

Consolidated statement of cash flows

Cash flows related to operating activities		Current quarter $A'000	Year to date $A'000
1.1	Receipts from customers	-	-
1.2	Payments for    (a)    exploration and evaluation     (b)    development expenditure     (c)    production (d)    administration	(102) (29) - (566)	(244) (170) - (1,133)
1.3	Royalties received	-	-
1.4	Interest and other items of a similar nature received	13	42
1.5	Interest and other costs of finance paid	(7)	(7)
1.6	Income taxes paid	-	-
1.7	Other	-	-
	Net Operating Cash Flows	(690)	(1,512)
	Cash flows related to investing activities
1.8	Payment for purchases of:    (a)    prospects  (b)controlled entity (net of cash acquired)     (c) other fixed assets (d) development assets	- -  (16) -	- -  (19) -
1.9	Proceeds from sale of:    (a)    prospects      (b)    equity investments   (c)    controlled entity     (d)    other fixed assets	- - - 27	- - -  28
1.10	Loans to other entities	-	-
1.11	Loans repaid by other entities	-	-
1.12	Other	-	-
	Net investing cash flows	11	9
1.13	Total operating and investing cash flows (carried forward)	(680)	(1,502)

1.13	Total operating and investing cash flows (brought forward)	(680)	(1,502)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc. (net of expenses)	-	-
1.15	Payment for shares	-	-
1.16	Proceeds from borrowings	-	-
1.17	Repayment of borrowings	(40)	(50)
1.18	Dividends paid	-	-
1.19	Other	-	-
	Net financing cash flows	(40)	(50)
	Net increase (decrease) in cash held	(720)	(1,552)
1.20	Cash at beginning of quarter/year to date	1,946	2,778
1.21	Exchange rate adjustments to item 1.20	-	-
1.22	Cash at end of quarter	1,226	1,226

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 these parties included in item 1.2	149
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 $A'000	Amount used $A'000
3.1	Loan facilities	250
3.2	Credit standby arrangements	-	-

Estimated cash outflows for next quarter

		$A'000
4.1	Exploration and evaluation	250
4.2	Development	-
	Total	250

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	1,226	2,778
5.2	Deposits at call	-	-
5.3	Bank overdraft	-	-
5.4	Other - security deposits	-	-
	Total: cash at end of quarter (item 1.22)	1,226	2,778

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	149,470,949	149,470,949
7.4	Changes during quarter (a) Increases through issues (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   A - Directors, Consultants and Employee Options B - Listed  warrants	3,333,333 455,000 5,000,000 13,500,000 2,750,000 65,574,783	- - - - - -	Exercise Price  11.25 pence 6.00 pence 18.00 cents 8.00 pence 11.25 pence 8.00 pence	Expiry Date  15 June 2009 29 June 2010 15 September 2011 15 June 2009 15 June 2009 15 June 2009
7.8	Issued during quarter	5,000,000	_	18 cents	15 September 2011
7.9	Exercised during quarter
7.10	Expired during quarter
7.11	Decrease through  Consolidation
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. 

2    This statement does give a true and fair view of the matters disclosed.

Sign here:                              Date: 27 January 2009 

(Company Secretary)

Print name:     DAMIAN DELANEY

Enquiries:

Mick Billing	+ 61 (0)414 741 007	Thor Mining PLC	Executive Chairman
Damian Delaney	[phone]	Thor Mining PLC	Chief Financial Officer
John Simpson	020 7489 4500	Blomfield Corporate Finance Ltd	Nominated Adviser

Updates on the Company's activities are regularly posted on Thor's website www.thormining.com, which includes a facility to register to receive these updates by email.

 

END

 

 

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