Quarterly Cash Flow Report
29 Januar 2009 - 9:41AM
UK Regulatory
TIDMBRL
RNS Number : 4362M
Blackthorn Resources Ltd
29 January 2009
BLACKTHORN RESOURCES LIMITED
29 JANUARY 2009
Quarterly Cash flow report
for the period endED 31 December 2008
Blackthorn Resources Limited (ASX:BTR ; AIM:BRL) sets out below its quarterly
cash flow report.
Should you require further information please contact:
Scott Lowe
Managing Director
Ph: + 61 2 9357 9000
Fiona Owen
Grant Thornton UK LLP
Ph: +44 20 7383 5100
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 |
+------------------------------------------------------------------------------+
| Blackthorn Resources Limited |
+------------------------------------------------------------------------------+
+----------------------------+---------------+----------------------------------+
| ABN | | Quarter ended ("current |
| | | quarter") |
+----------------------------+---------------+----------------------------------+
| 63 009 193 980 | | 31 December 2008 |
+----------------------------+---------------+----------------------------------+
Consolidated statement of cash flows
+------+----------------------------------+-------------------+--------------------+
| Cash flows related to operating | Current quarter | Year to date |
| activities | $A'000 | (6 months) |
| | | $A'000 |
+-----------------------------------------+-------------------+--------------------+
| 1.1 | Receipts from product sales and | | |
| | related debtors | | |
| | | | |
+------+----------------------------------+-------------------+--------------------+
| 1.2 | Payments for: | (652) | (2,059) |
| | (a) exploration and | (8,916) | (29,344) |
| | evaluation | - | - |
| | (b) development | (1,347) | (3,056) |
| | (c) production | | |
| | (d) administration | | |
+------+----------------------------------+-------------------+--------------------+
| 1.3 | Dividends received | - | - |
+------+----------------------------------+-------------------+--------------------+
| 1.4 | Interest and other items of a | 487 | 1,249 |
| | 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 | (10,428) | (33,210) |
+------+----------------------------------+-------------------+--------------------+
| | Cash flows related to investing | | |
| | activities | | |
+------+----------------------------------+-------------------+--------------------+
| 1.8 | Payment for purchases of: | - | - |
| | (a) prospects | - | - |
| | (b) equity investments | (76) | (569) |
| | (c) other fixed assets | | |
+------+----------------------------------+-------------------+--------------------+
| 1.9 | Proceeds from sale of: | - | - |
| | (a) prospects | - | - |
| | (b) equity investments | 163 | 163 |
| | (c) other fixed assets | | |
+------+----------------------------------+-------------------+--------------------+
| 1.10 | Loans to other entities | - | - |
+------+----------------------------------+-------------------+--------------------+
| 1.11 | Loans repaid by other entities | - | - |
+------+----------------------------------+-------------------+--------------------+
| 1.12 | Other (provide details if | - | - |
| | material) | | |
+------+----------------------------------+-------------------+--------------------+
| | Net investing cash flows | 87 | (406) |
+------+----------------------------------+-------------------+--------------------+
| 1.13 | Total operating and investing | (10,341) | (33,616) |
| | cash flows (carried forward) | | |
+------+----------------------------------+-------------------+--------------------+
+------+----------------------------------+-------------------+--------------------+
| 1.13 | Total operating and investing | (10,341) | (33,616) |
| | cash flows (brought forward) | | |
+------+----------------------------------+-------------------+--------------------+
| | 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 issue costs | - | - |
+------+----------------------------------+-------------------+--------------------+
| | Net financing cash flows | - | - |
+------+----------------------------------+-------------------+--------------------+
| | Net increase (decrease) in cash | (10,341) | (33,616) |
| | held | | |
+------+----------------------------------+-------------------+--------------------+
| 1.20 | Cash at beginning of | 34,946 | 57,718 |
| | quarter/year to date | | |
+------+----------------------------------+-------------------+--------------------+
| 1.21 | Exchange rate adjustments to | 757 | 1,260 |
| | item 1.20 | | |
+------+----------------------------------+-------------------+--------------------+
| 1.22 | Cash at end of quarter | 25,362 | 25,362 |
+------+----------------------------------+-------------------+--------------------+
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 | 219 |
| | 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 |
+------+--------------------------------------------------------------------------+
| | Aggregate payment of remuneration for Executive Directors and directors |
| | fees to non-executive directors, plus consulting fees paid 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 |
+------+------------------------------------------------------------------------+
| | 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 |
| | |
+------+------------------------------------------------------------------------+
Financing facilities available
Add notes as necessary for an understanding of the position.
+-----+----------------------------------+--------------------+--------------------+
| | | Amount available | Amount used |
| | | $A'000 | $A'000 |
+-----+----------------------------------+--------------------+--------------------+
| 3.1 | Loan facilities | - | - |
| | | | |
+-----+----------------------------------+--------------------+--------------------+
| 3.2 | Credit standby arrangements | - | - |
| | | | |
+-----+----------------------------------+--------------------+--------------------+
Estimated cash outflows for next quarter
+-----+------------------------------------------------------+--------------------+
| | | $A'000 |
+-----+------------------------------------------------------+--------------------+
| 4.1 | Exploration and evaluation | 2,700 |
| | | |
+-----+------------------------------------------------------+--------------------+
| 4.2 | Development | 1,200 |
| | | |
+-----+------------------------------------------------------+--------------------+
| | Total | 3,900 |
+-----+------------------------------------------------------+--------------------+
Reconciliation of cash
+-----+-----------------------------------+--------------------+--------------------+
| Reconciliation of cash at the end of | Current quarter | Previous quarter |
| the quarter (as shown in the | $A'000 | $A'000 |
| consolidated statement of cash flows) | | |
| to the related items in the accounts is | | |
| as follows. | | |
+-----------------------------------------+--------------------+--------------------+
| 5.1 | Cash on hand and at bank | 1,274 | 7,842 |
| | | | |
+-----+-----------------------------------+--------------------+--------------------+
| 5.2 | Deposits at call | 24,088 | 27,104 |
| | | | |
+-----+-----------------------------------+--------------------+--------------------+
| 5.3 | Bank overdraft | - | - |
| | | | |
+-----+-----------------------------------+--------------------+--------------------+
| 5.4 | Other (provide details) | - | - |
| | | | |
+-----+-----------------------------------+--------------------+--------------------+
| | Total: Cash at end of quarter | 25,362 | 34,946 |
| | (item 1.22) | | |
| | | | |
+-----+-----------------------------------+--------------------+--------------------+
Changes in interests in mining tenements
+-----+----------------------+-----------+----------------+-----------+----------------+
| | | Tenement | Nature of | Interest | Interest at |
| | |reference | interest | at |end of quarter |
| | | | (note (2)) |beginning | |
| | | | | of | |
| | | | | quarter | |
+-----+----------------------+-----------+----------------+-----------+----------------+
| 6.1 | Interests in mining | | | | |
| | tenements | | | | |
| | relinquished, | | | | |
| | reduced or lapsed | | | | |
| | | | | | |
+-----+----------------------+-----------+----------------+-----------+----------------+
| 6.2 | Interests in mining | | | | |
| | 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 | Issue price |Amount paid up |
| | | quoted | per security | per security |
| | | | (see | (see note 3) |
| | | | note 3) | |
+----------------------------------+--------------+--------------+----------------+----------------+
| 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 | 106,885,300* | 106,885,300* | | |
| | securities | | | | |
+------+---------------------------+--------------+--------------+----------------+----------------+
| 7.4 | Changes | | | | |
| | during | | | | |
| | quarter | | | | |
| | (a) | | | | |
| | Increases | | | | |
| | through | | | | |
| | issues | | | | |
| | (b) | | | | |
| | Decreases | | | | |
| | through | | | | |
| | returns of | | | | |
| | capital, | | | | |
| | buy-backs | | | | |
+------+---------------------------+--------------+--------------+----------------+----------------+
| 7.5 | +Performance | - | - | Exercise price | Expiry date |
| | Rights | | | - | - |
+------+---------------------------+--------------+--------------+----------------+----------------+
| 7.6 | Changes during | - | - | - | - |
| | quarter | - | - | - | - |
| | (a) Increases | | | | |
| | through issues | | | | |
| | (b) Decreases | | | | |
| | through | | | | |
| | securities | | | | |
| | matured, | | | | |
| | converted, | | | | |
| | lapsed | | | | |
+------+---------------------------+--------------+--------------+----------------+----------------+
| 7.7 | Options(description | 13,195,945* | 13,195,945* | Exercise | Expiry date |
| | and conversion | 14,519,257* | - | price* | 30 June 2009 |
| | factor) | 1,451,926* | - | $1.00 | 28 September |
| | | | | $4.50 | 2010 |
| | | | | $3.10 | 5 January 2009 |
+------+---------------------------+--------------+--------------+----------------+----------------+
| 7.8 | Issued during | | | | |
| | quarter | | | | |
+------+---------------------------+--------------+--------------+----------------+----------------+
| 7.9 | Exercised | | | | |
| | during quarter | | | | |
+------+---------------------------+--------------+--------------+----------------+----------------+
| 7.10 | Expired during | | | | |
| | quarter | | | | |
+------+---------------------------+--------------+--------------+----------------+----------------+
| 7.11 | Debentures | | | | |
| | (totals only) | | | | |
+------+---------------------------+--------------+--------------+----------------+----------------+
| 7.12 | Unsecured | | | | |
| | notes (totals | | | | |
| | only) | | | | |
| | | | | | |
+------+---------------------------+--------------+--------------+----------------+----------------+
* post consolidation
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 4).
2 This statement does give a true and fair view of the matters disclosed.
Sign here: ............................................................
Date: 29 January 2009
(Company Secretary)
Print name: Chris Brown
______________________________________________________________________________
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
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 1022: Accounting for Extractive
Industries and AASB 1026: Statement of Cash Flows apply to this report.
5Accounting 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.
== == == == ==
This information is provided by RNS
The company news service from the London Stock Exchange
END
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