Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10
Name of entity
Chalice Gold Mines Limited
Rule 5.3
ABN Quarter ended ("current quarter")
47 116 648 956 31 December 2012
Consolidated statement of cash flowsCash flows related to operating activities | Current quarter $A'000 | Year to date (6 months) $A'000 | |
1.1 | Receipts from product sales and related debtors | 39 | 89 |
1.2 | Payments for (a) exploration & evaluation (b) development (c) production (d) administration | (1,696) - - (853) | (2,444) - - (1,569) |
1.3 | Dividends received | - | - |
1.4 | Interest and other items of a similar nature received | 159 | 1,048 |
1.5 | Interest and other costs of finance paid | - | - |
1.6 | Income taxes paid | - | - |
1.7 | Other (provide details if material) | - | (276) |
Net Operating Cash Flows | (2,351) | (3,152) | |
Cash flows related to investing activities | |||
1.8 | Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets | - - (399) | (1,500) - (399) |
1.9 | Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets | 653 - - | 106,928 - - |
1.10 | Loans to other entities | - | - |
1.11 | Loans repaid by other entities | 224 | 538 |
1.12 | Other (provide details if material) | (2) | (26,055) |
Net investing cash flows | 476 | 79,512 | |
1.13 | Total operating and investing cash flows (carried forward) | (1,875) | 76,360 |
+ See chapter 19 for defined terms.
17/12/2010 Appendix 5B Page 1
Appendix 5B Mining exploration entity quarterly report1.13 | Total operating and investing cash flows (brought forward) | (1,875) | 76,360 |
Cash flows related to financing activities | |||
1.14 | Proceeds from issues of shares, options, etc. | 125 | 125 |
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) | (25,083) | (25,083) |
Net financing cash flows | (24,958) | (24,958) | |
Net increase (decrease) in cash held | (26,833) | 51,402 | |
1.20 | Cash at beginning of quarter/year to date | 79,830 | 3,177 |
1.21 | Exchange rate adjustments to item 1.20 | 574 | (1,008) |
1.22 | Cash at end of quarter | 53,571 | 53,571 |
Current quarter
$A'000
1.23 Aggregate amount of payments to the parties included in item 1.2 139
1.24 Aggregate amount of loans to the parties included in item 1.10 Nil
1.25 Explanation necessary for an understanding of the transactions
Item 1.8 (a) - includes the payment of $1.5 million to Dragon Mining Limited following the agreement to set aside the trailing payment of $4 million on delineation of a 1 million ounce Ore Reserve at the Zara Project.
Item 1.9 - represents the following inflows:
a) final payment of approximately US$31 million from the Eritrean National Mining Corporation
("ENAMCO") for ENAMCO's acquisition of a 30 percent interest in the Zara Project; and
b) total proceeds of approximately US$78 million from China SFECO Group ("SFECO") for the acquisition of Chalice's 60 percent in the Zara Gold Project.
Item 1.12 - represents the following outflows:
a) Eritrean taxes paid in respect of the sale of Chalice's 60 percent interest in the Zara Project to
SFECO; and the sale of Chalice's 30 percent interest in the Zara Project to ENAMCO; and
b) costs associated with the sale of the Zara Project.
Item 1.19 - represents an equal capital return and reduction of 10 cents per share for every share held at the record date of 10 December 2012.
Item 1.23 - Amounts paid to related parties include remuneration (including bonuses), directors'
fees, consulting fees and reimbursements of out of pocket expenses to directors.
+ See chapter 19 for defined terms.
Appendix 5B Page 2 17/12/2010
Appendix 5B Mining exploration entity quarterly report 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
Nil
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
Add notes as necessary for an understanding of the position.
3.1 Loan facilities
3.2 Credit standby arrangements
$A'000 | ||
4.1 | Exploration and evaluation | 1,800 |
4.2 | Development | - |
4.3 | Production | - |
4.4 | Administration | 700 |
Total | 2,500 |
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 | 52,957 | 78,263 | ||
5.2 | Deposits at call | 614 | 1,567 | ||
5.3 | Bank overdraft | - | - | ||
5.4 | Other (provide details) | - | - | ||
Total: cash at end of quarter (item 1.22) | 53,571 | 79,830 |
+ See chapter 19 for defined terms.
17/12/2010 Appendix 5B Page 3
Appendix 5B Mining exploration entity quarterly report Changes in interests in mining tenements
6.1 Interests in mining tenements relinquished, reduced or lapsed
6.2 Interests in mining tenements acquired or increased
Description includes rate of interest and any redemption or conversion rights together with prices and dates.
7.5 +Convertible debt securities (description)
+ See chapter 19 for defined terms.
Appendix 5B Page 4 17/12/2010
7.6 Changes during quarter
(a) Increases through issues (b) Decreases through securities matured, converted
7.12 Unsecured notes (totals only)
Compliance statement1 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. Sign here: Date: 24 January 2013
(Joint Company Secretary)
Print name: Leanne Forgione
+ See chapter 19 for defined terms.
17/12/2010 Appendix 5B Page 5
Appendix 5B Mining exploration entity quarterly report Notes1 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 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.
Appendix 5B Page 6 17/12/2010
distributed by |