ASX Announcement
30 January 2015
Quarterly Activities Report
Period Ending 31 December 2014
Key Points
Gorno Zinc Project




Rehabilitation and Decline contract awarded to EDILMAC Dei
Fratelli Macabelli SRL (EDILMAC).
Completion on target for the end of September 2015.
Mining Equipment being mobilised to site.
Tenders received from three drilling contractors to drill out high
grade Colonna Zorzone zinc deposit.
Carley Bore In Situ Leach (ISR) Uranium Project
 Successful Sub Audio Magnetics (SAM) trial completed.
 With the focus now on the Gorno Zinc Project, options are
being evaluated to independently fund future planned work
activities at Carley Bore, whilst creating accretive value for
shareholders.
Corporate





Completed successful capital raising of $8.15M.
Alexander Burns appointed Executive Chairman and Marcello
Cardaci appointed Non-Executive Director.
Graeme Collins appointed Director of Operations.
Fundamentals for both zinc and uranium remain strong.
Cash at end of December was $7.06M.
Page 1 of 1
ASX Code EMX
ABN 63 078 510 988
PO Box 1785
West Perth WA 6872
Level 2, 20 Kings Park Road
West Perth WA 6005
T: +61 8 9321 5000
F: +61 8 9321 7177
E: [email protected]
W: www.energiaminerals.com
Board of Directors
Alexander Burns
Executive Chairman
Kim Robinson
Managing Director
Max Cozijn
Finance Director
Marcello Cardaci
Non-Executive Director
Company Secretary
Max Cozijn
Development Projects
Gorno Zinc Project, Italy (100% owned)
The December quarter has been a game changer for the Company with the rapid advancement of the
Gorno Zinc Project. This has been made possible by the injection of funds by clients of Euroz Securities
(including our Executive Chairman, Mr Alexander Burns and Non-Executive Director, Mr Marcello
Cardaci). This has enabled the Company to fast track the rehabilitation of historical underground
workings with the objective of converting 3-5 million tonnes of the Exploration Target1 of 6-10 million
tonnes grading 7-10% Zn + Pb in the unmined but extensively developed Colonna Zorzone area into
resources over the next nine months.
1This
Exploration Target is conceptual in nature and has yet to be fully drill tested. There has been insufficient
exploration (ie. close-spaced drilling) to define a mineral resource that could be reported in accordance with
the JORC(2012) code within the Exploration Target and it is uncertain if future exploration will result in the
determination of mineral resources within it.
Key milestones achieved during the Quarter.

17 November - $8.15 million fund raising completed.
 14 December – Graeme Collins appointed Director of Operations.
 15 December - €2.88M contract for 1400m of rehabilitation and 710m of new decline
development awarded to EDILMAC Dei Fratelli Macabelli S.R.L (EDILMAC).
During the period, Mr Graeme Collins, a mining engineer with considerable experience in underground
mining and whose primary responsibility will be to oversee the redevelopment of the Gorno zinc
deposit, was appointed Director of Operations.
An office is currently being established in Oltre Il Colle and locally based support staff have been
appointed.
A rehabilitation and decline development contract has since been awarded to EDILMAC, a Bergamo
based mining contractor with extensive underground mining experience. Mobilisation of mining
equipment to site commenced on 23 January 2015 with refurbishment of the first portal to commence
shortly. This contract is primarily designed to establish underground drilling platforms to drill out, on a
100m by 80m pattern, the Colonna Zorzone deposit (see Figures 1 & 2).
As can be seen in Figure 2 below, on completion, the new 1 in 7 decline will have advanced vertically
almost halfway down to the 600RL (the level of the pre-existing 12.5 kilometre Riso-Parina adit) which
would most likely be the haulage level for any future mining operation based on the Colonna Zorzone
zinc deposit. On completion of the planned current diamond drilling program, the new decline could
then be extended to connect with the Riso-Parina adit and provide further drilling platforms for
additional drilling down plunge.
Page 2 of 2
Figure 1 – Gorno Zinc-Lead project, Italy showing historical workings and location of
historical underground diamond drilling as well as planned drilling program.
It is intended that as soon as secure access is established to the underground workings in the Colonna
Zorzone area, all historical drill holes, crosscuts and ore development between the 900RL and the
1000RL will be surveyed accurately and 480m of confirmatory diamond drilling will be carried out
during the June Quarter in advance of a more extensive underground diamond drilling program of
approximately 4,000m during the September Quarter between the 900RL and the 600RL (see Figure 2
below).
Gorno was mined extensively until 1978, producing approximately 800,000 tonnes of zinc metal
contained in high quality; course grained 55-58% zinc concentrates from a recorded throughput of 6Mt
@ 14.5% zinc. More than 230km of underground workings were developed across the Gorno licenses.
Energia is continuing to compile and digitise historical data from the area covered by the Company’s
tenements.
Our thanks are extended to all the local communes and their communities, the Regione Lombardia and
other regulatory authorities who have assisted the Company in bringing this exciting project to
fruition.
Page 3 of 3
Figure 2 – Colonna Zorzone with 4000m diamond drilling drilling shown in green
Carley Bore ISR Uranium Project, Western Australia (100% owned)
During the quarter, a regional 10 hole rotary mud drilling program was completed (see Figure 4). The
program was co-funded by a grant from the Western Australian Department of Mines and Petroleum
under the Exploration Incentive Scheme. Although none of the holes were strongly mineralised, three
of the seven targets have provided valuable geological and geophysical information that warrants
further testing and target refinement. As a result, Energia’s understanding of the regional behaviour of
the redox front, hydrogeological features and basement structures has been significantly enhanced.
Trial ground Sub Audio Magnetic (SAM) and Diploe-Dipole Induced Polarisation (DDIP) geophysical
surveys were also carried out during the period (see 28 November, 2014 announcement). The SAM
survey in particular was very effective in defining the basement structures that control fluid flow as the
oxidation profile in the host Birdrong Sandstone. The program will now be extended to cover the
remainder of the currently defined mineralisation and the SAM technique appears to be an excellent
and rapid tool for mapping hydrological control features.
The key finding of a Scoping Study2 based on Indicated and Inferred Resources of 15.6Mlb of U3O8
carried out by independent mining group Jorvik Resources in the June 2014 quarter was that “the
Carley Bore project was potentially an economically robust project which should now proceed to a
Field Leach Trial which, if successful, should be followed by a full Feasibility Study.”
Highlights of the Scoping Study included potential for a very rapid capital payback of less than 2 years
based on a uranium price of $US60 per pound U3O8, an estimated cash operating cost of $US19.82/lb
of U3O8 produced (including US$7.20 of well field costs), an estimated total cost of $US32.06/lb of
U3O8 produced and forecast pre-tax net cash flow of $225 million net of capital at a stabilised annual
production rate of 1.4Mlb contained within a mineral inventory of 11.5Mlb U 3O8 averaging 370ppm
U3O8 (refer to June 2014 quarterly for further detail).
Page 4 of 4
It is anticipated that a rotary mud drilling program to assist in better defining redox boundaries
associated with high grade “roll fronts” within the area selected for the FLT will be carried out during
the 2015 field season. This drilling program, on a 20m by 50m pattern, will also provide more detail on
the hydrogeological aspects of the mineralized zones.
With the focus now on the Gorno Zinc Project, options are being evaluated to independently fund
future planned work activities at Carley Bore and advance this robust uranium project, whilst creating
accretive value for shareholders.
2The
Scoping Study referred to here is based on low level technical and economic assessments and is
insufficient to support estimation of Ore Reserves or to provide assurance of an economic development case at
this stage, or to provide certainty that the conclusions of the Scoping Study will be realised. Generally, there is
a low level of geological confidence associated with Inferred Mineral Resources and there is no certainty that
further exploration work will result in the conversion of Inferred Mineral Resources to Indicated Mineral
Resources or that the production targets will be realised. The Company advises that the Scoping Study results
and production targets reflected in this report are preliminary in nature, as conclusions are partly drawn
from Inferred Resources, which comprise approximately 59% of the U3O8 in the mineral inventory. The
Company’s resource consultants, Coffey Mining Pty Ltd, however, have stated that they have a high level of
confidence in the resource as a global resource (see Mining Method section of June 2014 Quarterly).
Exploration Projects
Tabletop, Western Australia (100% owned)
Energia has a strategically located Exploration License (E45/2886) covering an area of approximately
194km2 in the Paterson Province of Western Australia, approximately 15 kilometers to the north-west
of the Cameco Corporation’s world class Kintyre uranium deposit which contains a resource of 62Mlb
U3O8 and 10 kilometers due south of Encounter Resources (ENR) recently discovered Millennium zinc
prospect (see Figure 6). The Paterson Province is an underexplored potential new zinc province in a
remote part of Western Australia. ENR recently announced an intersection of 7m grading 4.8%Zn on
the southernmost line of drilling adjacent to the Tabletop Fault within brecciated carbonate rocks that
are interpreted to underlie the Company’s tenement. ENR are proposing to drill the southern
extensions to Millenium discovery in April 2015 and are also proposing to drill a shale hosted SEDEX
style target well to the south of Millenium which has returned intersections of up to 45m grading
0.38%Zn within shales. It is considered that this may well represent the mineralized halo peripheral to
a large scale Mt Isa SEDEX style deposit.
No field work was carried out at Tabletop during the period; however Energia has identified a number
of deep conductive targets within E45/2886, lying in close proximity to the regionally extensive Kintyre
and Tabletop faults which appear to be major mineralizing conduits. These conductors could reflect
mineralization within either the Coolbro Sandstone cover sequence or the underlying basement. A
geophysical program has been designed to test these targets and this program is now scheduled to be
completed in 2015 pending heritage clearances for access.
The Encounter Resources Ltd/Antofagasta joint venture has also announced further high grade copper
intersections on adjacent tenements with intersections of up to 9m grading 6% copper at BM1.
A large deep seated magnetic target (8km by 5km) also remains untested in the western half of
Energia’s tenement to the west of the Kintyre Fault (see Figure 5 attached).
Page 5 of 5
An additional tenement (E45/4499) has been applied for to the north-west of Tabletop in this
underexplored and exciting region of Western Australia which already hosts a number of world class
mineral deposits.
Gascoyne, Western Australia (100% owned)
The Exploration Lease E09/1966, located in the Gascoyne region of Western Australia covers 327 km 2
of prospective sediments of the Bangemall Group and late stage granitoids intruding metamorphics of
the Morrissey Group. This tenement is prospective for base metals, precious metals and tungsten
mineralisation. Compilation of historical data is now complete and areas have been identified for
further investigation in 2015.
Val Vedello and Novazza Uranium Projects, Italy
No work was carried out on either Val Vedello or Novazza during the period.
Energia has Exploration Licence applications covering the two partially developed high grade uranium
deposits at Val Vedello and Novazza. These deposits were explored by way of substantial underground
development and detailed diamond drilling by the Italian government owned, ENI subsidiary AGIP
Nucleare (AGIP) in the period 1959-1984. Investigations to date have established a high level of
confidence for the established Exploration Targets1 of 15-30Mlb @ 1000-2000ppm U3O8 for Val
Vedello and 2-3Mlb @ 1000-2000ppm U3O8 for Novazza based on:


Val Vedello: 10,428m of underground development and bulk sampling and 65,000m of
diamond drilling which was carried out over a 14 year time frame culminating in an “ore
reserve” estimate calculated by AGIP in 1983 which was not compiled in accordance with the
JORC(2012) code and Energia cannot test its validity until tenure is granted; and
Novazza: 6,700m of underground development and 23,854m of drilling using a variety of
drilling methods.
Corporate
Capital Raising and Directors appointment
As previously announced, on 17 November, a $8.15M Placement and Rights Issue capital raising was
completed. The capital raising comprised of a $6 million placement to clients of Euroz Securities Ltd,
including Mr Alexander Burns and Mr Marcello Cardaci and a subsequent underwritten one for six
rights issue at 2.5 cents per share.
On 7 October Mr Alexander Burns and Mr Marcello Cardaci were elected as Executive Chairman and
Non-Executive Director respectively.
Share Capital
At the end of December, Energia had 609,020,979 fully paid ordinary shares on issue. This was an
increase of 332,279,101 from the previous quarter as a result of the placements, rights issue and
issuing shares in lieu of salary.
Page 6 of 6
Cash on Hand
As at 31 December 2014, the Company had $7.06M cash on hand.
Tenements
Current tenement holdings and tenements relinquished during the quarter are shown in the attached
Tables 1 and 2.
Kim Robinson
Managing Director
+61 8 9321 5000
[email protected]
For media enquiries contact:
Nicholas Read
Read Corporate
+61 8 9388 1474
[email protected]
About Energia Minerals
Energia Minerals is a highly focused and well funded development and exploration company with an
exciting portfolio of projects in Italy and Australia covering approximately 2,968km2 in 15 granted
tenements and 9 under application.
All tenements are 100% owned with no third party royalties other than a 1% NSR royalty payable to
Berghem Mines & Tech SRL in respect of any zinc production from the Gorno project .
In Northern Italy, Energia has granted title over the exciting Gorno Zinc Project, which although having
no defined JORC resources, had significant quantities of developed but unmined zinc mineralisation
remaining when ENI closed the operation prematurely in 1985. As soon as access has been reestablished by EDILMAC it is this existing mineralisation, as well as undeveloped and partially drilled
extensions that will be the target of confirmatory drilling due to take place between April and
September 2015.
In the emerging Carnarvon Basin Uranium Province of Western Australia, the Company has Total
(Inferred and Indicated) Resource of 22.8Mt @ 310ppm U3O8 for 15.6 Mlb U3O8 , comprised of 5.4Mt
@ 420ppm U3O8 for 5 Mlb U3O8 of Indicated Resource, and 17.4 Mt @ 280 ppm U3O8 for 10.6 Mlb
U3O8 (at a 150 ppm U3O8 cut-off) at Carley Bore in its Nyang Project, located to the south of Paladin’s
Manyingee deposit (26Mlb U3O8).
For further information on the company please go to www.energiaminerals.com or email
[email protected].
APPENDIX
Forward looking and Cautionary statements
The Company has concluded it has a reasonable basis for providing the forward looking statements
included in this announcement. The detailed reasons for that conclusion are outlined throughout this
report and in particular in the Appendix A headed “Forward Looking and Cautionary Statements.”
Unless otherwise stated, all cash flows are in Australian dollars, are undiscounted and are not subject
to inflation/escalation and all years are calendar years.
Page 7 of 7
Certain statements made in this announcement, including, without limitation, those concerning the
Scoping Study, contain or comprise certain forward-looking statements regarding Energia Minerals
Limited’s exploration operations, economic performance and financial condition. Although Energia
believes that the expectations reflected in such forward-looking statements are reasonable, no
assurance can be given that such expectations will prove to have been correct. Accordingly, results
could differ materially from those set out in the forward-looking statements as a result of, among
other factors, changes in economic and market conditions, success of business and operating
initiatives, changes in the regulatory environment and other government actions, fluctuations in
metals prices, exchange rates and business and operational risk management. Energia undertakes no
obligation to update publicly or release any revisions to these forward-looking statements to reflect
events or circumstances after today's date or to reflect the occurrence of unanticipated events.
Competent Person Reference
Information in this release that relates to Exploration Results is based on information prepared by Mr
David Andreazza and Mr Kim Robinson who are both Competent Persons Members of the Australian
Institute of Geoscientists. Mr Andreazza and Mr Robinson are full-time employees of Energia Minerals
Limited. Mr Andreazza and Mr Robinson have sufficient experience which is relevant to the styles of
mineralisation and types of deposits under consideration and to the activities being undertaken to
qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting
of Exploration Results, Mineral Resources and Ore Reserves”. Mr Andreazza and Mr Robinson consent
to the inclusion in this release of the matters based on his information in the form and context in
which it appears.
The production targets and other information in this announcement that relates to Mineral Resources
is based on, and fairly represent, the Mineral Resources and information and supporting
documentation extracted from the Scoping Study report, which was prepared by a competent person
in compliance with the JORC Code (2012 edition) and released to ASX by the Company on 12 February
2014. The Company confirms that it is not aware of any new information or data that materially affects
the information included in the original market announcement. All material assumptions and technical
parameters underpinning the Mineral Resource estimates in that previous release continue to apply
and have not materially changed.
The information in this report that relates to the Scoping Study, and Mineral Resources at Carley Bore
is based on information compiled by Mr Kim Robinson, who is a full time employee of Energia Minerals
Limited and Ms Karen Lloyd, who is employed by Jorvik Resources. Ms Lloyd is a Member of the
Australian Institute of Mining and Metallurgy, and Mr Robinson is a Member of the Australian Institute
of Geoscientists. Mr Robinson and Ms Lloyd have sufficient experience that is relevant to the style of
mineralisation and type of deposit under consideration and to the activities being undertaken to
qualify as Competent Persons as defined in the 2012 Edition of the “Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves”. Mr Robinson and Ms Lloyd consent to the
inclusion in this release of the matters based on their information in the form and context as it
appears.
Page 8 of 8
Cautionary Notes
1)
Exploration Target
An Exploration Target is conceptual in nature and has yet to be fully drill tested. There has been
insufficient exploration (ie. close-spaced drilling) to define a JORC compliant mineral resource within
the Exploration Target and it is uncertain if future exploration will result in the determination of
further mineral resources within it.
2)
Scoping Study
The Scoping Study referred to in this report is based on low level technical and economic assessments
and is insufficient to support estimation of Ore Reserves or to provide assurance of an economic
development case at this stage, or to provide certainty that the conclusions of the Scoping Study will
be realised. There is a low level of geological confidence associated with Inferred Mineral Resources
and there is no certainty that further exploration work will result in the conversion of Inferred Mineral
Resources to Indicated Mineral Resources or that the production targets will be realised. The Company
advises that the Scoping Study results and production targets reflected in this announcement are
preliminary in nature as conclusions are partly drawn from Inferred Resources, which comprise
approximately 53% of the U3O8 in the mineral inventory.
The Scoping Study results are indicative only and are calculated to a level of accuracy of +/- 50% which
is standard for a Scoping Study. They are based on various assumptions considered reasonable by
Energia’s independent consultants, but which may or may not be ultimately achieved.
Page 9 of 9
Figure 3 – Energia Minerals Australian and Italian Project Locations.
Page 10 of 10
Figure 4 – Location of regional drillholes
Page 11 of 11
Figure 5- Carley Bore Indicated and Inferred Resource Outline
Page 12 of 12
Figure 6 – Location of granted Table Top Exploration Licence E45/2886 on magnetic image, showing
interpreted faults, EM conductors, major deposits and recent nearby discoveries and prospects.
Page 13 of 13
Table 1 - Schedule of Mining Tenements Held
Project
Tenement
Entity’s Interest
Comments
Western Australia
Nyang
E 08/1644
100%
Granted
Nyang
E 08/1645
100%
Granted
Nyang
E 08/1646
100%
Granted
Table Top
E 45/2886
100%
Granted
Iron Hill
E45/4499
100%
Application
Gascoyne
E09/1966
100%
Granted
Northern Territory
McArthur
EL 25269
100%
Application
McArthur
EL 25272
100%
Application
Italy
Novazza
N/A
100%
Application
Val Vedello
N/A
100%
Application
Gorno
Decree 1633
100%
Granted
Gorno
Decree 1571
100%
Granted
Gorno
Decree 1629
100%
Granted
Gorno
Decree 1632
100%
Granted
Gorno
Decree 1630
100%
Granted
Gorno
Decree 3276
100%
Granted
Gorno
Decree 3277
100%
Granted
Gorno
Decree 3278
100%
Granted
Gorno
Decree 3279
100%
Granted
Gorno
Decree 3280
100%
Granted
Gorno
N/A
100%
Application
Gorno
N/A
100%
Application
Gorno
N/A
100%
Application
Gorno
N/A
100%
Application
Table 2 - Schedule of Mining Tenements Relinquished
Area of Interest
Tenement
Entity’s Interest
Comments
Queensland
Page 14 of 14
Westmoreland
EPM 15489
100%
Surrendered
Westmoreland
EPM 15491
100%
Surrendered
Appendix 5B
Mining exploration entity quarterly report
Rule 5.3
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
ENERGIA MINERALS LTD
ABN
Quarter ended (“current quarter”)
ABN 63 078 510 988
31 December 2014
Consolidated statement of cash flows
Current quarter
Year to date
(6 months)
$A’000
Cash flows related to operating activities
$A’000
1.1
Receipts from product sales and related debtors
1.2
1.3
1.4
1.5
1.6
1.7
1.8
1.9
1.10
1.11
1.12
1.13
-
-
Payments for
(a) exploration and evaluation (net)
(b) development
(c) production
(d) administration (net)
Dividends received
Interest and other items of a similar nature received
Interest and other costs of finance paid
Income taxes benefit received
Other
(a) Research and Development Incentive
(b) Other
(682)
(310)
36
15
(1,101)
(495)
38
9
16
Net Operating Cash Flows
(941)
(1,533)
(9)
2
-
(9)
2
-
-
5
(7)
(2)
(948)
(1,535)
Cash flows related to investing activities
Payment for purchases of: (a) prospects
(b) equity investments
(c) other fixed assets
Proceeds from sale of:
(a) prospects
(b) equity investments
(c) other fixed assets
Loans to other entities
Loans repaid by other entities
Other (provide details if material)
– Reduction/(Increase) in bonds
Net investing cash flows
Total operating and investing cash flows (carried
forward)
+ See chapter 19 for defined terms.
30/9/2001
Appendix 5B Page 1
Appendix 5B
Mining exploration entity quarterly report
1.13
1.14
1.15
1.16
1.17
1.18
1.19
Total operating and investing cash flows
(brought forward)
(948)
(1,535)
7,507
-
8,164
250
-
-
Net financing cash flows
7,507
8,414
Net increase (decrease) in cash held
6,559
6,879
506
(3)
187
(4)
7,062
7,062
Cash flows related to financing activities
Proceeds from issues of shares, options, etc.
(net of costs)
Proceeds from sale of forfeited shares
Proceeds from borrowings – non-refundable
loans
Repayment of borrowings
Dividends paid
Other
1.20
1.21
Cash at beginning of quarter/year to date
Exchange rate adjustments to item 1.20
1.22
Cash at end of quarter
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
1.24
Aggregate amount of loans to the parties included in item 1.10
1.25
Explanation necessary for an understanding of the transactions
191
-
1.23 Being the salary and superannuation of the Executive Chairman, Managing Director and
Finance Director prior to overhead recovery plus Non-Executive Director fees and
superannuation.
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
During the quarter 10m fully paid ordinary shares were issued in satisfaction of unsecured nonrefundable loans of $250,000.
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
+ See chapter 19 for defined terms.
Appendix 5B Page 2
30/9/2001
Appendix 5B
Mining exploration entity quarterly report
Financing facilities available
Add notes as necessary for an understanding of the position.
Amount available
$A’000
3.1
Loan facilities
3.2
Credit standby arrangements/bonds
Amount used
$A’000
-
-
110
65
Estimated cash outflows for next quarter
$A’000
1,400
4.1
Exploration and evaluation
4.2
Development
-
4.3
Production
-
4.4
Administration (net)
350
Total
1,750
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.
5.1
Cash on hand and at bank
5.2
Current quarter
$A’000
Previous quarter
$A’000
488
105
Deposits at call
6,574
401
5.3
Bank overdraft
-
-
5.4
Other (provide details)
-
-
7,062
506
Total: cash at end of quarter (item 1.22)
Changes in interests in mining tenements
Tenement
reference
6.1
Interests in mining
tenements relinquished,
reduced or lapsed
6.2
Interests in mining
tenements acquired or
increased
Nature of interest
Interest at
beginning
of quarter
Interest at
end of
quarter
+ See chapter 19 for defined terms.
30/9/2001
Appendix 5B Page 3
Appendix 5B
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.
Total number
7.1
7.2
7.3
7.4
7.5
7.6
7.7
7.8
7.9
7.10
7.11
7.12
+securities
Preference
(description)
Changes during quarter
(a) Increases through issues
(b) Decreases through returns of
capital, buy-backs, redemptions
+Ordinary
securities
Changes during quarter
(a) Increases
-Placement & Rights Issue
-Satisfaction of unsecured debt
-Shares in lieu of fees
(b) Decreases through return of
capital, buy-backs
+Convertible debt securities
(description)
Changes during quarter
(a) Increases through issues
(b) Decreases through securities
matured, converted
Options
Unlisted-vested
Unlisted-vested
Unlisted-vested
Unlisted- vested
Unlisted-vested
Unlisted- vested
Unlisted- vested
Unlisted- vested
Unlisted- vested
Unlisted- vested
Unlisted- vesting 30/4/15
Unlisted- vesting 30/4/16
Issued during quarter
Exercised during quarter
Expired during quarter
Unlisted-vested
Unlisted-vested
Debentures
(totals only)
Unsecured notes (totals only)
Number
quoted
Issue price per
security (cents)
Amount paid
up per security
(cents)
Nil
Nil
-
-
-
-
-
-
609,020,979
609,020,979
Various
Fully Paid
321,288,711
10,000,000
990,390
-
321,288,711
10,000,000
990,390
-
$0.025
$0.025
$0.0372
-
$0.025
$0.025
$0.0372
-
Nil
Nil
-
-
-
-
-
-
-
-
Exercise price
Expiry date
5,500,000
250,000
5,000,000
250,000
400,000
1,250,000
4,000,000
4,000,000
4,000,000
2,000,000
2,000,000
2,000,000
-
$0.225
$0.25
$0.30
$0.30
$0.30
$0.15
$0.10
$0.20
$0.30
$0.05
$0.10
$0.15
8 July 2015
3 March 2015
24 June 2015
3 March 2015
30 June 2015
30 June 2015
30 April 2017
30 April 2017
30 April 2017
30 April 2019
30 April 2019
30 April 2019
-
-
-
-
5,000,000
5,000,000
-
$0.25
$0.30
26 Oct 2014
26 Oct 2014
Nil
Nil
Nil
Nil
+ See chapter 19 for defined terms.
Appendix 5B Page 4
30/9/2001
Appendix 5B
Mining exploration entity quarterly report
Compliance statement
1
2
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.
This statement does give a true and fair view of the matters disclosed.
Sign here:
Date:
30 January 2015
Print name: Max Cozijn
(Company Secretary)
+ See chapter 19 for defined terms.
30/9/2001
Appendix 5B Page 5