Appendix 5B - June 2008 Quart

RNS Number : 2367A
Thor Mining PLC
31 July 2008
 

THOR MINING PLC


Appendix 5B - June 2008 Quarterly Report

 

Dated: 31 July 2008


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, today released the following report on the Australian Stock Exchange ('ASX'),as required under the rules of the ASX.


Mining exploration 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


30 June 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

(372)

(144)

-

(803)

(1,513)

(710)

-

(2,225)

1.3

Royalties received

-

-

1.4

Interest and other items of a similar nature received

36

203

1.5

Interest and other costs of finance paid

-

-

1.6

Income taxes paid 

-

-

1.7

Other 

-

82


Net Operating Cash Flows

(1,283)

(4,163)



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

-


-

-  

-


-

(29)

-

1.9

Proceeds from sale of:    (a)    prospects 

    (b)    equity investments

  (c)    controlled entity

    (d)    other fixed assets

-

-

-

 -

-

-

-

-

1.10

Loans to other entities

-

-

1.11

Loans repaid by other entities

-

-

1.12

Other 

-

-


Net investing cash flows

-

(29)

1.13

Total operating and investing cash flows (carried forward)

(1,283)

(4,192)


1.13

Total operating and investing cash flows (brought forward)

(1,283)

(4,192)


Cash flows related to financing activities



1.14

Proceeds from issues of shares, options, etc. (net of expenses)

720

2,666

1.15

Payment for shares

-

-

1.16

Proceeds from borrowings

-

-

1.17

Repayment of borrowings

(9)

(31)

1.18

Dividends paid

-

-

1.19

Other

-

-


Net financing cash flows

711

2,635


Net increase (decrease) in cash held

(572)

(1,557)

1.20

Cash at beginning of quarter/year to date

3,350

4,335

1.21

Exchange rate adjustments to item 1.20

-

-

1.22

Cash at end of quarter

2,778

2,778

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


349


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

250

3.2

Credit standby arrangements


-

-


Estimated cash outflows for next quarter



$A'000

4.1

Exploration and evaluation


512

4.2

Development


-


Total

512


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

2,778

3,350

5.2

Deposits at call

-

-

5.3

Bank overdraft

-

-

5.4

Other - security deposits

-

-


Total: cash at end of quarter (item 1.22)

2,778

3,350

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)



9,002,000



9,002,000







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


1,000,000


12,500,000


2,750,000


65,574,783



-


-


-


-


-


-


Exercise Price

 11.25 pence


6.00 pence


8.00 pence


8.00 pence


11.25 pence


8.00 pence


Expiry Date 

15 June 2009


29 June 2010


15 June 2009


15 June 2009


15 June 2009


15 June 2009


7.8

Issued during quarter





7.9

Exercised during quarter

2,000

2,000

8.00 pence

15 June 2009

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: 29 July 2008 


                     (Company Secretary)


Print name:     DAMIAN DELANEY



Enquiries:

 

John Young
+ 61 (0) 419 954 020
Thor Mining PLC
Chief Executive Officer
 
 
 
 
Damian Delaney
+61 (0) 438 921 666
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.


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