Microsoft Word - FINAL WCC App 5B Dec Qtr 2014

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Appendix 5B

Rule 5.5

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

THE WATERBERG COAL COMPANY LIMITED

ABN Quarter ended ("current quarter")



64 065 480 453 31 December 2014

Consolidated statement of cash flows

Cash flows related to operating activities

1.1 Receipts from product sales and related debtors

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

+ See chapter 19 for defined terms.

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Mining exploration entity and oil and gas exploration entity quarterly report

1.13 Total operating and investing cash flows

(brought forward)

(5869)

(7573)

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) Fundraising costs

Net financing cash flows

-

-

-

-

-

-

-

-

-

-

- (187)

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) Fundraising costs

Net financing cash flows

(0)

(187)

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 of quarter

(5869)

6836

68

(7760)

8606

189

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 of quarter

1035

1035

Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities

1.23 Aggregate amount of payments to the parties included in item 1.2

1.24 Aggregate amount of loans to the parties included in item 1.10

Current quarter

$A'000

33

70


1.25 Explanation necessary for an understanding of the transactions

Payments for Directors fees and consultants, administration, accounting and secretarial staff

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

+ 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

Estimated cash outflows for next quarter

4.1 Exploration and evaluation

4.2 Development

4.3 Production

4.4 Administration

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.

*Security deposit on $35 million convertible note facility released and applied to accrued interest and other costs of finance.

The company also holds listed securities to the value of approximately AU$ 589,000 as at the date of this report.

+ See chapter 19 for defined terms.

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Mining exploration entity and oil and gas exploration entity quarterly report

Changes in interests in mining tenements and petroleum tenements

6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed

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.

7.5 +Convertible debt securities (description)

+ 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

7.12 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 (see note 5).

2 This statement does /does not* (delete one) give a true and fair view of the matters disclosed.
Sign here: ............................................................ Date: 30 January 2015 (Director/Company secretary)
E L Boyd.........................................................

+ See chapter 19 for defined terms.

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Mining exploration entity and oil and gas exploration entity quarterly report

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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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Appendix 1 - Interests in mining tenements held

Tenement table

WCC has an interest in the following Exploration and Mining Licences. Licences are located in South Australia:

Property Name

Tenement

Interest at Beginning and End of Quarter

Status

Lyons

EL 5221

100%

Exploration Licence

Glenloth

EL 5397

100%

Exploration Licence.

Claypan Dam

Note:As announced to the market on 24

November 2014 the

Company has entered into an agreement with Apollo Minerals Limited for the sale of 100% of this tenement. The transfer documentation was lodged with DMITRE in January

2015.

EL 4445

100%

Exploration Licence

The Company's interest in the Waterberg Coal Project, located in South Africa:

Properties

Right under which the properties are held

Relevant Joint Venture

Holder

Interest at Beginning and End of Quarter

Issue Date

Expiry Date

Vetleegte

Vetleegte

Prospecting

Right

First Joint

Venture

Uzalile

Joint Venture (Sekoko Resources and Uzalile)

37.39%

Granted

New Order

Prospectin

g Right No.

651/2006, on

19/10/06

Renewal lodged 19

September 2011 and prior to the expiry date.

Section 18(5) of the MPRDA provides that prospecting right in respect of which an application for renewal has been lodged will remain in force until such time as the renewal application has been granted or refused.

Olieboomsfont ein

Duikerfontein Prospecting Right

First Joint

Venture

Sekoko

Coal

37.39%

Granted New Order Prospectin

g Right No.

681/2007, on

13/10/05. Renewal

on 3 July

3 July 2016

+ See chapter 19 for defined terms.

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2013

Duikerfontein

Duikerfontein Prospecting Right

First Joint

Venture

Sekoko

Coal

37.39%

Granted New Order Prospectin

g Right No.

681/2007, on

13/10/05. Renewal

on 3 July

2013

3 July 2016

Swanepoelpan

Duikerfontein Prospecting Right

First Joint

Venture

Sekoko

Coal

37.39%

Granted New Order Prospectin

g Right No.

681/2007, on

13/10/05

3 July 2016

Smitspan

Mining Right

Second

Joint Venture

Sekoko

Coal

37.39%

Granted

New Order

Mining

Right No.

22/2011, on

17/09/11

16/09/2041

Massenberg

Mining Right

Second

Joint Venture

Sekoko

Coal

37.39%

Granted

New Order

Mining

Right No.

22/2011, on

17/09/11

16/09/2041

Minnasvlakte

Mining Right

Second

Joint Venture

Sekoko

Coal

37.39%

Granted New Order Mining

Right No.

22/2011, on

17/09/11

16/09/2041

Hooikraal

Mining Right

Second

Joint Venture

Sekoko

Coal

37.39%

Granted

New Order

Mining

Right No.

22/2011, on

17/09/11

16/09/2041

+ See chapter 19 for defined terms.

Appendix 5B Page 8 01/05/2013

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