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STANMORE RESOURCES LIMITED — Interim / Quarterly Report 2014
Apr 29, 2014
65821_rns_2014-04-29_de0c55a7-bead-4309-8bbf-3714de852ec0.pdf
Interim / Quarterly Report
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
Rule 5.5
Appendix 5B
Mining exploration entity and oil and gas 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, 01/05/2013
Name of entity
Stanmore Coal Limited ABN 27 131 920 968
Quarter ended (“current quarter”) 31 March 2014
Consolidated statement of cash flows
| Cash flows related to operating activities 1.1 Receipts from product sales and related debtors2 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other (provide details if material) Net Operating Cash Flows |
Current quarter $A’000 |
Year to date (9 months) $A’000 |
|---|---|---|
| 1,036 (1,019) (144) - (453) - 162 - - - |
1,036 (3,794) (863) - (2,046) - 545 - - - |
|
| (418) | (5,122) | |
| 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) 1.12 Other (provide details if material) Net investing cash flows 1.13 Total operating and investing cash flows (carried forward) |
- - - - - - 30 |
- - (42) - - 1,392 29 |
| 30 | 1,379 | |
| (388) | (3,743) |
Note 1: Repayment of loan amounts previously paid to Wiggins Island Coal Terminal as part of the Company’s capacity commitment obligations for the Range Project. The repayment was an agreed term of the WEXP1 CCD sunset date extension executed 29 August 2013.
2: Receipts relate to funding amounts provided by Japanese funding partners for exploration carried out on the Belview Project and Clifford Project during the quarter. Refer to Clifford funding announcement on 20 December 2013 and Belview funding announcement on 30 December 2013.
- See chapter 19 for defined terms.
01/05/2013 Appendix 5B Page 1
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
| 1.13 Total operating and investing cash flows (brought forward) |
(388) | (3,743) |
|---|---|---|
| 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 (provide details if material) Net financing cash flows |
78 - - - - - |
78 - - (3,226) - - |
| 78 | (3,148) | |
| Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end ofquarter |
(310) 19,279 |
(6,891) 25,860 |
| 18,969 | 18,969 |
Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities
| 1.23 1.24 |
Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10 |
Current quarter $A'000 |
|---|---|---|
| 119 | ||
| 1.25 | Explanation necessaryfor an understandingof the transactions | |
| Director fees, salary paid to Managing Director and consulting fees payable to Director related entities. |
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 No material non-cash transactions occurred during the quarter.
-
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 Nil.
-
See chapter 19 for defined terms.
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Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Financing facilities available
Add notes as necessary for an understanding of the position.
| 3.1 Loan facilities 3.2 Credit standby arrangements |
Amount available $A’000 |
Amount used $A’000 |
|---|---|---|
| - | - | |
| - | - |
Estimated cash outflows for next quarter
| Estimated cash outflows for next quarter | |
|---|---|
| 4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration |
$A’000 |
| 750 | |
| 250 | |
| - | |
| 450 | |
| Total | 1,450 |
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 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (provide details) |
1,469 | 1,464 |
| 17,167 | 17,500 | |
| - | - | |
| 333 | 333 | |
| Total: cash at end of quarter(item 1.22) | 18,969 | 19,297 |
Note: Amounts shown at 5.4 relate to term deposits which cash-back guarantees provided to third parties (including infrastructure and corporate office).
- See chapter 19 for defined terms.
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
Changes in interests in mining tenements and petroleum tenements
| Changes in interests in mining tenements and petroleum tenements | Changes in interests in mining tenements and petroleum tenements | Changes in interests in mining tenements and petroleum tenements | Changes in interests in mining tenements and petroleum tenements | Changes in interests in mining tenements and petroleum tenements |
|---|---|---|---|---|
| Tenement reference and location Nature of interest (note (2)) Interest at beginning of quarter Interest at end of quarter 6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed EPC 2062 Relinquishment of tenure 100% 0% 6.2 Interests in mining tenements and petroleum 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 note3) (cents) |
Amount paid up per security (see note3) (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 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs |
209,094,252 | 209,094,252 | ||
| 525,000 | 525,000 | 15.0 | 15.0 | |
| 7.5 +Convertible debt securities (description) |
13,373,377 | 13,373,377 | 67.5 | 67.5 |
- See chapter 19 for defined terms.
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Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
| 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted |
||||
|---|---|---|---|---|
| 7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired / cancelled during quarter |
1,216,000 500,000 500,000 500,000 500,000 400,000 400,000 400,000 450,000 450,000 450,000 450,000 11,670,000 75,000 2,766,000 |
- - - - - - - - - - - - - - - |
Exercise price $0.480 $1.75 $2.00 $2.25 $2.50 $1.75 $2.00 $2.25 $1.75 $2.00 $2.25 $2.50 $0.518 $0.25 $0.22 |
Expiry date 30/06/14 31/12/15 31/12/15 31/12/15 31/12/15 31/12/15 31/12/15 31/12/15 31/3/16 31/3/16 31/3/16 31/3/16 27/06/15 2/4/15 4/09/17 |
| - | - | - | - | |
| 525,000 | - | $0.153 | 16/01/14 | |
| - | - | - | - | |
| 7.11 Performance Rights (description and conversion factor) 7.12 Issued during quarter 7.13 Exercised during quarter 7.14 Expired / cancelled during quarter |
2,150,000 | - | 50% vest upon grant of the Range Project Mining Lease 50% vest upon achieving full production at the Range Project |
30/6/2017 |
| - | - | - | - | |
| - | - | - | - | |
| - | - | - | ||
| 7.15 Debentures (totals only) |
||||
| 7.16 Unsecured notes(totals only) |
- See chapter 19 for defined terms.
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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
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 5).
-
2 This statement does give a true and fair view of the matters disclosed.
30/04/2014 .......................... Date: ............................
On Behalf of the Board Doug McAlpine Joint Company Secretary
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 and petroleum 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 or petroleum 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 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.
-
5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting 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.
== == == == ==
- See chapter 19 for defined terms.
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