summary of december 2012 quarter activities: for personal ... · pdf filequarterly report page...

Bulletin Resources is the 100% owner of the Lamboo and Golden Crown Gold Projects located near Halls Creek in the East Kimberley region of Western Australia. The projects have a combined open pit and underground Mineral Resource of 1.77 million tonnes at 5.2g/t Au (for a total of 294,000 ounces) and a 120,000 tpa processing facility currently under care and maintenance.

ASX Code: BNR

Issued capital: 81,504,762 listed ord. shares 8,875,000 unlisted options Share price at 30 January 2013: $0.061

Market capitalisation at 30 January: $5.0 million

Cash on hand at 31 December 2012: $0.50 million

Directors: Non-Executive Chairman: Phil Retter Managing Director: Martin Phillips Non-Executive Director: Steve Robinson

Investor and Media Contact: [email protected]

+61 8 9388 6921

December 2012 Quarterly Activities Report

31 January 2013

Summary of December 2012 Quarter activities:

Lamboo Gold Project

Deep RC drilling successfully intersects mineralised quartz lodes down-plunge of Nicolson’s and Wagtail resources. Highlights include:

NRC12045 : 4m at 22.3g/t Au from 179m Including : 1m at 61.2g/t Au from 180m NRC12020 : 1m at 8.5g/t Au from 198m NRC208 : 1m at 13.5g/t Au from 307m NRC12032 : 3m at 4.0g/t Au from 206m NRC12026 : 5m at 2.3 g/t Au from 197m WRC12010 : 1m at 13.0g/t Au from 94m : 3m at 5.8g/t Au from 165m : 1m at 6.3g/t Au from 180m

An independent study by Optiro Pty Ltd estimates the potential of all exploration targets within the Lamboo project at approximately 4 to 7 million tonnes containing 0.7 to 1.1 million ounces at an average grade of 5.2 to 5.4g/t Au*

Work progressing on project permits and tenders including open pit mining and earthworks

Exploration

Further high grade quartz veining discovered within granite at Lamboo Project

Bulletin to receive $135,000 in co-funding from the DMP under the WA State Government Exploration Incentive Scheme’s (EIS) Co-funded Exploration Drilling Program

Corporate

Placement and SPP completed raising $1.06 million before costs to fund ongoing resource expansion drilling

*The potential tonnes and grades of the exploration target expressed in this announcement are conceptual in nature and should not be considered as an estimate of a Mineral Resource. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

For

per

sona

l use

onl

y

Quarterly Report

Bulletin Resources Limited (“Bulletin”) (ASX:BNR) is pleased to present its quarterly activities report for the period ended 31 December 2012.

LAMBOO GOLD PROJECT

1. Deeps Drilling

Drilling activity on the Lamboo Project during the December quarter was mostly aimed at testing the depth extensions below the Nicolson’s Find and Nicolson’s South resources, and lateral to the planned underground development to support a future increase in the underground production rate to 200,000 tpa (Figure 1). An independent study completed in November by Optiro Pty Ltd estimated the potential of all exploration targets within the Lamboo Project at approximately 4 to 7 million tonnes, containing 0.7 to 1.1 million ounces at an average grade of 5.2 to 5.4g/t Au1.

A total of 13 RC drill holes were completed in the “wildcat” drilling program at Nicolson’s Find, Nicolson’s South, Nicolson’s North and Wagtail South.

Figure 1: Long section of Nicolson’s mine plan showing targets for underground expansion

Nicolson’s Find and Nicolson’s South

Eight RC drill holes were drilled down-plunge of the Nicolson’s Find and Nicolson’s South resources, however significant deviation was experienced in several of the deeper holes (>260m depth). Numerous methods were trialled to straighten the holes without success and resulted in suboptimal testing of the lode structures, particularly the projected down-plunge extensions of the higher grade zones. Notwithstanding this, most of the deeper holes successfully intersected well developed quartz lode mineralisation at the target

1 The potential tonnes and grades of the exploration target expressed in this announcement are conceptual in nature and

should not be considered as an estimate of a Mineral Resource. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

For

per

sona

l use

onl

y

Quarterly Report

depths, which will greatly assist in the planning of future campaigns using a more suitable drill rig.

Significant intersections included:

NRC12045 : 4m at 22.3g/t Au from 179m including : 1m at 61.2g/t Au from 180m

1m at 1.1g/t Au from 186m NRC12020 : 1m at 8.5g/t Au from 198m NRC208 : 1m at 2.1g/t Au from 281m

1m at 13.5g/t Au from 307m NRC12032 : 3m at 4.0g/t Au from 206m

1m at 3.6g/t Au from 261m 2m at 2.1 g/t Au from 302m

NRC12026 : 5m at 2.3g/t Au from 197m 1m at 1.3g/t Au from 207m 1m at 3.8g/t Au from 247m 1m at 1.3 g/t Au from 304m

A long section showing the drill hole results is presented in Figure 2 with representative cross sections presented in Figures 3 to 6. All drill hole results above a 1g/t Au cut-off are summarised in Table 1.

Figure 2: Long section of Nicolson’s showing recent significant drill hole

For

per

sona

l use

onl

y

Quarterly Report

Figure 3: Cross section 19300mN through Nicolson’s South

Figure 4: Cross section 19440mN through Nicolson’s Find

For

per

sona

l use

onl

y

Quarterly Report



For

per

sona

l use

onl

y

Quarterly Report

Wagtail South

Three RC holes were completed at Wagtail South to assist in determining the plunge of the Wagtail South mineralisation at depth.

Hole WRC12010 successfully intersected multiple quartz and sulphide mineralised lodes associated with high grade gold mineralisation at the anticipated depths (Figures 7 and 8).

WRC12010 : 1m at 13.0g/t Au from 94m 3m at 5.8g/t Au from 165m 1m at 6.3g/t Au from 180m

The two shallower RC holes failed to intersect any significant quartz veining, indicating that the down-plunge orientation of the high-grade Wagtail South lode mineralisation is steeper than previously interpreted.

Figure 7: Long section of Wagtail showing recent significant drill hole intersections

For

per

sona

l use

onl

y

Quarterly Report

Figure 8: Cross section 17810mN through Wagtail South

Nicolson’s North

Two deep RC drill holes were completed at Nicolson’s North, located 400 metres north of the former Nicolson’s Find open pit, targeting the down-plunge extent of the previously announced high grade drill hole intersections (Figure 9). Hole NRC12046 successfully intersected quartz with strong sulphide mineralisation at the interpreted lode position while NRC12047 intersected unmineralised quartz. Significant results were:

NRC12046: 1m at 1.2g/t Au from 160m

Figure 9: Long section of Nicolson’s showing Nicolson’s North drill hole results

For

per

sona

l use

onl

y

Quarterly Report

While the drill holes successfully confirmed the down-plunge extent of the mineralised structure at the extrapolated position, further drilling is required to determine the structural controls to the previously reported high grade intersections.

2. Surface Exploration

Ongoing geological mapping and rock chip sampling during the December quarter continued to outline new areas of gold mineralisation hosted within the Loadstone Granite (Figure 10). The discovery of quartz outcrop in the east of the Project area is of particular significance as it is the first gold mineralised vein discovery in granite that parallels the main Nicolson’s shear structure.

Figure 10: Regional exploration rock chip results

For

per

sona

l use

onl

y

Quarterly Report

The quartz outcrop has been mapped over a 400m strike length and provides strong encouragement for the discovery of similar structures within the granite. A summary of all rock new chip results received is provided in Table 2.

3. Drill funding award

Bulletin was successful in its application to the WA Department of Mines and Petroleum (DMP) for $135,000 in co-funding under the WA State Government Exploration Incentive Scheme’s (EIS) Co-funded Exploration Drilling Program. The majority of the drilling is earmarked for the area extending from Nicolson’s North to Hyena where several outcropping high grade quartz veins were recently discovered in proximity to the granite contact in a setting comparable to the Nicolson’s Find deposit (Figure 10). Further details on the timing of this drilling will be made in due course.

GOLDEN CROWN PROJECT

A review of the magnetics data and recent rock chip results indicate that there may be a relationship between the magnetic anomalies and gold mineralisation within the host syenite unit (Figure 11). Other magnetic anomalies within the project area will now be investigated as a priority. A structural analysis of the mineralised quartz veins has also provided a model for ongoing exploration targeting.

Drilling of the Golden Crown resource is planned for commencement in the first half of 2013. The aim of this drilling is to validate the existing resource and its structural interpretation in advance of a new estimate.

CORPORATE

Project Development Decision and Financing Strategy

The update to the Lamboo Project Feasibility Study was completed during the September quarter and work has progressed towards final authorisations and a development decision.

Application has been made for the Project Works Approval to the WA Department of Environment and Conservation as well as the Mining Proposal and Closure Plan to the DMP. Bulletin expects all approvals to be in place during the June 2013 quarter.

Tenders for the open pit mining contract and earthworks were received in January 2013. Other tenders issued included the lime handling system and the upgrading of the leaching circuit to 200,000 tpa. All tenders are being evaluated and pre-selection of contractors will be completed in coming months.

The development decision remains subject to the receipt of all permits for the project, the completion of tenders for a definitive cash flow schedule and an approved financing strategy. The Company is assessing its options in relation to financing the Project and will keep the market updated accordingly.

For

per

sona

l use

onl

y

Quarterly Report

Figure 11: Golden Crown Project – interpreted syenite occurrences and recent rock chip

results chips (>1g/t Au) overlain on magnetic imagery

Cash Position

Bulletin’s cash position at 31 December 2012 was $0.50 million. During the quarter, the Company successfully completed a share placement and a Share Purchase Plan both at an issue price of $0.085 per share to raise $1.063 million before costs.

For

per

sona

l use

onl

y

Quarterly Report

Table 1: 1 Summary of Assay Results from Lamboo Gold Project above a 1g/t Au cut-off

Hole ID Local North

Local East

Local mRL

End of Hole (m)

From (m)

To (m)

2Down-hole

Interval (m)

3Grade (g/t Au)

4Lode

Nicolson's Find & Nicolson's South

NRC1395 19441 10159 295 222 199 200 - NSR NSth

NRC2085 19501 10215 297 318 281 282 1.0 2.1 NSth

307 308 1.0 13.5 NSth

NRC120206 19277 10185 293 300 198 199 1.0 8.5 NSth

265 266 - NSR NSth

NRC120216 19360 10168 297 288 97 98 1.0 2.0 NHW

100 102 2.0 1.3 NHW

147 148 1.0 1.3 NFW

241 242 1.0 2.1 NSth

NRC120226,7 19360 10217 293 348 186 187 1.0 2.1 Main

220 221 1.0 2.5 NFW

NRC120266 19440 10226 296 318 197 202 5.0 2.3 NFW

207 208 1.0 1.3 NFW

247 248 1.0 3.8 NSth

304 305 1.0 1.3 NSth

NRC120326 19505 10272 295 355 206 209 3.0 4.0 Main

261 262 1.0 3.6 NFW

302 304 2.0 2.1 NSth

NRC12045 19759 10188 302 252 179 183 4.0 22.3 NFW

including 180 181 1.0 61.2

186 187 1.0 1.1 NFW

Nicolson's North

NRC12046 19960 10165 302 179 160 161 1.0 1.2

NRC12047 19999 10193 302 237 222 223 - NSR

Wagtail South WRC12008 17883 9926 288 119 80 81 - NSR

WRC12009 17869 9946 289 119 100 101 - NSR

WRC12010 17810 9964 293 186 94 95 1.0 13.0

165 168 3.0 5.8

180 181 1.0 6.3

Notes for Table 1: 1Drilling and assay results in Table 1 are down-hole intervals compiled using a 1.0 g/t Au lower cut with a maximum of 1m <

1.0 g/t Au internal dilution. No upper cut value has been applied to the assay results. NSR denotes No Significant Results. 2True intersection widths are estimated to be 60 to 80 % of down-hole intersection widths. All holes are collared with an

azimuth of 270o to grid unless otherwise indicated.

3Drill samples were analysed using a 40 gram fire assay with AAS finish.

4Lode description: Main = Nicolson's Main lode, NHW = Nicolson’s Hanging wall lode, NFW = Nicolson's Footwall lode, NSth

= Nicolson's South Lode 5 NRC139 and NRC208 are extensions of existing holes

6 Significant down-hole dip deviation (up to -11

o) occurred at Nicolson’s Find and Nicolson’s South on holes greater than

260m depth resulting in holes missing intended target area 7

NRC12022 incorrectly named as NRC12025 in 24 December 2012 announcement

For

per

sona

l use

onl

y

Quarterly Report

Table 2: Summary of Rock Chip results on E80/3861

Sample ID MGA East MGA North Au (ppm) B035567 330728 7961389 0.2

B035568 330727 7961708 1.5

B035569 330301 7961692 0.0

B035570 325856 7965175 0.1

B035588 325159 7966272 -

B035589 325188 7966334 -

B035735 328241 7962650 -

B035736 328010 7963032 -

B035737 328380 7962723 -

B035738 328188 7963239 -

B035739 328246 7963202 0.2

B035740 328269 7963194 0.1

B035741 329066 7962871 -

B035742 328995 7963048 -

B035743 329575 7961983 0.1

B035744 328173 7963936 0.1

B035745 329154 7964227 -

B035746 329346 7961370 0.1

B035747 329351 7961572 18.8

B035748 329426 7961733 0.8

B035749 329486 7961892 8.6 Notes for Table 2: Rock Chip samples analysed using fire assay with AAS finish

For

per

sona

l use

onl

y

Quarterly Report

Bulletin Resources Ore Reserve Statement – September 2012

Open Pit

Proved Probable Total

Tonnes Gold grade (g/t)

Contained Gold (oz)


Contained Gold (oz)


Contained Gold (oz)

Nicolson's South - - - 268,000 4.4 38,000 268,000 4.4 38,000

Nicolson's Find - - - 92,000 5.9 17,000 92,000 5.9 17,000

Wagtail North - - - 105,000 3.0 10,000 105,000 3.0 10,000

Rowdies - - - 19,000 2.0 1,000 19,000 2.0 1,000

Wagtail South - - - 77,000 3.6 9,000 77,000 3.6 9,000

Total Open Pit 560,000 4.2 75,000 560,000 4.2 75,000

Underground - - - 177,000 6.0 34,000 177,000 6.0 34,000

Total - - 737,000 4.6 110,000 737,000 4.6 110,000

Note: Figures may not add due to rounding

Bulletin Resources Mineral Resource Statement – September 2012

Category Tonnes Gold grade (g/t)

Contained Gold (oz)

Lamboo Project

Nicolson’s Open pit Indicated 333,000 5.5 59,000

Open pit Inferred 16,000 2.7 1,000

Total open pit 349,000 5.4 60,000

Underground Indicated 406,000 6.5 85,000

Underground Inferred 372,000 5.7 69,000

Total underground 778,000 6.2 154,000

Nicolson’s total 1,127,000 5.9 214,000

Rowdies Open pit Indicated 17,000 2.4 1,000

Open pit Inferred 6,000 2.7 1,000

Total open pit 22,000 2.5 2,000




Rowdies total 65,000 4.5 9,000

For

per

sona

l use

onl

y

Quarterly Report

Category Tonnes Gold grade (g/t)

Contained Gold (oz)

Wagtail North Open pit Indicated 87,000 3.8 11,000

Open pit Inferred 1,000 0.8 0

Total open pit 88,000 3.8 11,000




Wagtail North total 174,000 4.3 24,000

Wagtail South Open pit Indicated 51,000 5.6 9,000

Open pit Inferred 7,000 1.9 0

Total open pit 58,000 5.2 10,000




Wagtail South total 79,000 5.0 13,000

Total Total open pit 517,000 5.0 82,000


Project Total Project total 1,445,000 5.6 261,000

Golden Crown Project

Golden Crown Open pit Inferred 136,000 3.80 17,000

Faugh-a-Ballagh Open pit Inferred 187,000 2.83 17,000

Project Total

323,000 3.24 34,000

Combined Total 1,768,000 5.2 294,000

Note: Lamboo Project Resource Estimate reported at 0.6g/t Au cut-off grade for potential open pit material and 3.0g/t Au cut-off grade for potential underground material. Golden Crown Project Resource Estimate reported at 1.0g/t Au cut-off grade. Figures may not add due to rounding.

Competent Persons statement

The information in this table that relates to Lamboo Project Mineral Resources and Exploration Targets is based on information compiled by Mr Ian Glacken, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Glacken is a full time employee of Optiro Pty Ltd where he holds the title of Principal Consultant. Mr Glacken has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Glacken consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

The information in this table that relates to Golden Crown and Faugh-a-Ballagh Mineral Resources is based on information compiled by Mr Aaron Green, who is a Member of the Australian Institute of

For

per

sona

l use

onl

y

Quarterly Report

Geoscientists (AIG). Mr Green is a full time employee of Runge Limited where he holds the title of Operations Manager WA. Mr Green has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Green consents to the inclusion in this table of the matters based on his information in the form and context in which it appears.

The information in this table that relates to Ore Reserves is based on information compiled by Mr Glen Carthew who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Carthew is a full time employee of AMC Consultants Pty Ltd. Mr Carthew has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Carthew consents to the inclusion in this table of the matters based on his information in the form and context in which it appears.

The information in this report that relates to Exploration Results is based on information compiled by Mark Csar, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mark Csar is a full-time employee of the company and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mark Csar consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

For

per

sona

l use

onl

y

Appendix 5B

Mining exploration entity quarterly report

+ See chapter 19 for defined terms.

30/9/2001 Appendix 5B Page 1

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, 01/06/10.

Name of entity

BULLETIN RESOURCES LIMITED

ABN Quarter ended (“current quarter”)

81 144 590 858 31 December 2012

Consolidated statement of cash flows

Cash 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

1.2 Payments for (a) exploration & evaluation

(b) development

(c) production

(d) administration

(670)

(425)

(1495)

(721)

1.3 Dividends received

1.4 Interest and other items of a similar nature

received

5 16

1.5 Interest and other costs of finance paid

1.6 Income taxes paid

1.7 Other (GST Refunds/Payments) 17 1

Net Operating Cash Flows

(1,073) (2,199)

Cash flows related to investing activities

1.8 Payment for purchases of: (a) prospects

(b) equity investments

(c) other fixed assets

-

-

(2)

(6)

1.9 Proceeds from sale of: (a) prospects

(b) equity investments

(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

-

(8)

1.13 Total operating and investing cash flows

(carried forward)

(1,073) (2,207)

For

per

sona

l use

onl

y

Appendix 5B



Appendix 5B Page 2 30/9/2001

1.13 Total operating and investing cash flows

(brought forward)

(1,073) (2,207)

Cash flows related to financing activities

1.14 Proceeds from issues of shares, options, etc. 1,063 1,063

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 (Capital Raising Costs) (39) (39)

Net financing cash flows

1,024 1,024

Net increase (decrease) in cash held

(49)

(1,184)

1.20 Cash at beginning of quarter/year to date 549 1,684

1.21 Exchange rate adjustments to item 1.20

1.22 Cash at end of quarter 500 500

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

(123)

1.24

Aggregate amount of loans to the parties included in item 1.10

-

1.25

Explanation necessary for an understanding of the transactions

N/A

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

N/A

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

N/A

Financing facilities available Add notes as necessary for an understanding of the position.

Amount available

$A’000

Amount used

$A’000

3.1 Loan facilities

- -

3.2 Credit standby arrangements

- -

For

per

sona

l use

onl

y

Appendix 5B




Estimated cash outflows for next quarter $A’000

4.1 Exploration and evaluation

140

4.2 Development

0

4.3 Production

-

4.4 Administration

245

Total

385

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.

Current quarter

$A’000

Previous quarter

$A’000

5.1 Cash on hand and at bank 482 531

5.2 Deposits at call 18 18

5.3 Bank overdraft - -

5.4 Other (provide details) - -

Total: cash at end of quarter (item 1.22)

500 549

Changes in interests in mining tenements Tenement

reference

Nature of interest

(note (2))

Interest at

beginning

of quarter

Interest at

end of

quarter

6.1 Interests in mining

tenements relinquished,

reduced or lapsed

6.2 Interests in mining

tenements acquired or

increased

For

per

sona

l use

onl

y

Appendix 5B



Appendix 5B Page 4 30/9/2001

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 quoted Issue price per

security (see note

3) (cents)

Amount paid up per

security (see note 3)

(cents)

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

securities

81,504,762 81,504,762

7.4 Changes during

quarter

(a) Increases

through issues

(b) Decreases

through returns

of capital, buy-

backs

12,505,067

12,505,067

8.5

8.5

7.5 +Convertible

debt securities

(description)

7.6 Changes during

quarter

(a) Increases

through issues

(b) Decreases

through

securities

matured,

converted

7.7 Options (description and

conversion

factor)

8,000,000

250,000

625,000

-

-

-

Exercise price

20 cents

30 cents

15 cents

Expiry date

6 December 2013

31 March 2014

30 June 2015

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)

For

per

sona

l use

onl

y

Appendix 5B




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: 31 January 2013

Company secretary

Print name: SUSAN HUNTER

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.

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.

== == == == == For

per

sona

l use

onl

y

summary of december 2012 quarter activities: for personal ... · pdf filequarterly report page...

Documents