Appendix 5B - December 2008 Q
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
|
+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.
This information is provided by RNS
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