Microsoft Word - Appendix 5B EFE Mar 15 Q3
Appendix 5B EASTERN IRON LIMITED Mining exploration entity quarterly report
Appendix 5B
Mining exploration entity quarterly report
Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.
Name of entity
EASTERN IRON LIMITED
Rule 5.3
ABN Quarter ended ("current quarter")
70 126 678 037 31 March 2015
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 and 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/received on R&D tax offset
1.7 Other - consulting fees and rental income
- tenement security deposits (paid)/refunded
Net Operating Cash Flows
30/9/2001 Appendix 5B Page 1
Appendix 5B EASTERN IRON LIMITED Mining exploration entity quarterly report
Current quarter
$A'000
|
Year to date
$A'000
|
1.13 Total operating and investing cash flows (brought forward)
|
(90)
|
(221)
|
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 - Equity raising costs
Net financing cash flows
|
0
0
0
0
0
0
|
147
0
300 (300)
0
0
|
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 - Equity raising costs
Net financing cash flows
|
0
|
147
|
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
|
(90)
263
0
|
(74)
247
0
|
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
|
173
|
173
|
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 the parties included in item 1.2
|
25
|
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
|
Salaries, directors' fees and consultancy fees at normal commercial rates
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
None
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
None
30/9/2001 Appendix 5B Page 2
Appendix 5B EASTERN IRON LIMITED Mining 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
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
6.3 The full Eastern Iron schedule of tenements is included as an attachment to this report.
30/9/2001 Appendix 5B Page 3
Appendix 5B EASTERN IRON LIMITED Mining exploration entity quarterly report
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.
7.12 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 Law or other standards acceptable to ASX (see note 4).
2. This statement does give a true and fair view of the matters disclosed.
30/9/2001 Appendix 5B Page 4
Appendix 5B EASTERN IRON LIMITED Mining exploration entity quarterly report
Sign here:
Date: 27 April 2015 (Director / Company Secretary)
Print name: Ian K White
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 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 tenements, 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 1022: Accounting for Extractive Industries and AASB
1026: Statement of Cash Flows apply to this report.
5. Accounting Standards ASX will accept, for example, the use of International Accounting 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.
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30/9/2001 Appendix 5B Page 5
EASTERN IRON LIMITED Appendix 5B Schedule of Tenements as at 31 March 2015 Mining exploration entity quarterly report
Tenement
|
Tenement Number
|
Interest
|
Joint Venture Details
|
VICTORIA
Nowa Nowa
Tara
Nowa Nowa MIN
|
EL 4509
ELA 5545
MIN 5571
|
100%
100%
100%
|
Note 1
Note 1
|
EL = Exploration Licence ELA = Exploration Licence Application
MIN = Mining Licence (Vic) Notes:
1. Held by Gippsland Iron Pty Ltd a wholly owned subsidiary of Eastern Iron.
30/9/2001 Appendix 5B Page 6