MOD RESOURCES LIMITED Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10
Rule 5.3
Name of entity
MOD RESOURCES LIMITEDABN Quarter ended ("current quarter")
78 003 103 544 31 March 2015
Consolidated statement of cash flowsCash 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)/refund
1.7 Other (provide details if material)
Net Operating Cash Flows (*NOTE 2.1)
+ See chapter 19 for defined terms.
17/12/2010 Appendix 5B Page 1
Appendix 5B Mining exploration entity quarterly report1.13 Total operating and investing cash flows (brought forward) | (374) | (374) |
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 (costs of share issue) Net financing cash flows | 504 - - - - (8) | 504 - - - - (8) |
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 (costs of share issue) Net financing cash flows | 496 | 496 |
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 1,2 | 122 516 - | 122 516 - |
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 1,2 | 638 | 638 |
Note:
Cash at end of quarter excludes;
1. $92,500 before costs received from underwriters pursuant to the shortfall of the Company's
Share Purchase Plan and
2. a minimum additional $150,000. As previously announced, MOD Directors and others will participate in a placement to raise a minimum $150,000 at the same price as the Share Purchase Plan subject to shareholder approval at the Company's Annual General Meeting to be held on 15 May 2015.
Current Quarter
$A'000
1.23 Aggregate amount of payments to the parties included in item 1.2 51
1.24 Aggregate amount of loans to the parties included in item 1.10 -
1.25 Explanation necessary for an understanding of the transactions
Included at 1.23 are payments for director fees and company secretarial fees paid to a director or director associated companies.
+ See chapter 19 for defined terms.
Appendix 5B Page 2 17/12/2010
Appendix 5B Mining exploration entity quarterly report Non-cash financing and investing activities2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
Under the Orbit Drilling Agreement, Orbit will provide drilling services up to a total of
$1 million based on monthly invoices of which 50% will be satisfied by the Company issuing fully paid ordinary shares to Orbit at a price of $0.008 per share and 50% will be satisfied through cash payments made by the Company, as approved by shareholders at the general meeting held 20 October 2014. During the March quarter, the Company issued 8,865,250 shares for $70,922 to Orbit.
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
Add notes as necessary for an understanding of the position.
3.1 Loan facilities
3.2 Credit standby arrangements
4.1 Exploration and evaluation
4.2 Development
4.3 Production
4.4 Administration
+ See chapter 19 for defined terms.
17/12/2010 Appendix 5B Page 3
Appendix 5B Mining exploration entity quarterly report Reconciliation of cashReconciliation 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.
Note:
Cash at end of quarter excludes;
1. $92,500 before costs received from underwriters pursuant to the shortfall of the Company's
Share Purchase Plan and
2. a minimum additional $150,000. As previously announced, MOD Directors and others will participate in a placement to raise a minimum $150,000 at the same price as the Share Purchase Plan subject to shareholder approval at the Company's Annual General Meeting to be held on 15 May 2015.
6.1 Interests in mining tenements relinquished, reduced or lapsed
6.2 Interests in mining tenements acquired or increased
+ See chapter 19 for defined terms.
Appendix 5B Page 4 17/12/2010
Appendix 5B Mining exploration entity quarterly report Issued and quoted securities at end of current quarterDescription includes rate of interest and any redemption or conversion rights together with prices and dates.
7.7 Options (description and conversion factor)
7.8 Issued during quarter
+ See chapter 19 for defined terms.
17/12/2010 Appendix 5B Page 5
Appendix 5B Mining exploration entity quarterly report
7.9 Exercised during quarter
7.10 Expired during quarter
7.12 Unsecured notes (totals only)
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 5).
2 This statement does give a true and fair view of the matters disclosed.
Mark ClementsCompany Secretary
24 April 2015
Notes1 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 6: Exploration for and Evaluation of Mineral
Resources and AASB 107: Statement of Cash Flows apply to this report.
5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting 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.
== == == == ==
+ See chapter 19 for defined terms.
Appendix 5B Page 6 17/12/2010
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