Anchor Resources Limited : Appendix 5B 31 December 2011

ANCHOR RESOURCES LTD 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, 01/06/10.

Name of entity

ANCHOR RESOURCES LIMITED

ABN

49 122 751 419

Quarter ended ("current quarter")

31 December 2011 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 - rec'd - R&D Tax Offset Rebate
1.7 Other

Net Operating Cash Flows

ANCHOR RESOURCES LTD Appendix 5B Mining exploration entity quarterly report

1.13 Total operating and investing cash flows (brought forward)	(989)	(963)
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 - Share issue costs Net financing cash flows	700	1,350
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 - Share issue costs Net financing cash flows	700	1,350
Net increase (decrease) in cash held 1.2 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end of quarter	(289) 1,210	387 534
Net increase (decrease) in cash held 1.2 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end of quarter	921	921

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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 1.2 127
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
Directors fees, salaries, and consulting fees on normal terms and conditions.

Non-cash financing and investing activities

2.1
2.2
Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest
ANCHOR RESOURCES LTD Appendix 5B Mining exploration entity quarterly report

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1 Loan facilities
Loan facility with China Shandong Jinshunda Group
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 state

Changes in interests in mining tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed
Canonba
6.2 Interests in mining tenements acquired or increased
ANCHOR RESOURCES LTD 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.

7.12 Unsecured notes (totals only)
ANCHOR RESOURCES LTD Appendix 5B Mining exploration entity quarterly report

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: 23-Jan-12

(Director/Company Secretary)

Print name: Grahame Clegg

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.

Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign

5 entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

ANCHOR RESOURCES LTD Appendix 5B Mining exploration entity quarterly report
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