Quarterly Cashflow Report
January 30 2009 - 4:21AM
UK Regulatory
TIDMCLIO
RNS Number : 5226M
Cape Lambert Iron Ore Limited
30 January 2009
30 January 2009
CAPE LAMBERT IRON ORE LIMITED
Quarterly Cash flow report
for the period endED 31 December 2008
Set out below is the quarterly cash flow report for the quarter ending 31
December 2008.
FOR MORE INFORMATION PLEASE CONTACT:
Cape Lambert Iron Ore Limited:
Tony
Sage +61 (0)8 9380 9555
Australian Enquiries:
Professional Public
Relations
David Tasker +61 (0)8 9388 0944/ +61 433 112 936
UK
Enquiries:
Nominated Adviser:
Grant Thornton UK LLP
Fiona Owen +44
(0)20 7383 5100
AIM Broker:
Collins Stewart Europe Limited
Adrian
Hadden +44 (0)20 7523 8353
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 |
+---------------------------------------------------------------------------+
| CAPE LAMBERT IRON ORE LTD |
+---------------------------------------------------------------------------+
+------------------------------+---------------+---------------------------+
| ABN | | Quarter ended ("current |
| | | quarter") |
+------------------------------+---------------+---------------------------+
| 71 095 047 920 | | 31 December 2008 |
+------------------------------+---------------+---------------------------+
Consolidated statement of cash flows
+------+----------------------------------+----------------+------------------+
| | Current | Year to date |
| Cash flows related to operating | quarter | (12months) |
| activities | $A'000 | $A'000 |
| | | |
+-----------------------------------------+----------------+------------------+
| 1.1 | Receipts from product sales and | - | - |
| | related debtors | | |
| | | | |
+------+----------------------------------+----------------+------------------+
| 1.2 | Payments for | | |
| | (a) exploration and evaluation | (7,766) | (8,137) |
| | (b) development | - | - |
| | (c) production | - | - |
| | (d) administration | (1,241) | (4,459) |
+------+----------------------------------+----------------+------------------+
| 1.3 | Dividends received | - | - |
+------+----------------------------------+----------------+------------------+
| 1.4 | Interest and other items of a | | |
| | similar nature received | 3,408 | 5,154 |
+------+----------------------------------+----------------+------------------+
| 1.5 | Interest and other costs of | - | - |
| | finance paid | | |
+------+----------------------------------+----------------+------------------+
| 1.6 | Income taxes paid | - | - |
+------+----------------------------------+----------------+------------------+
| 1.7 | Other : Non-refundable deposit - | | |
| | Cape Lambert Iron Ore project | - | 315,000 |
| | sale | 30 | (30,370) |
| | Other | | |
+------+----------------------------------+----------------+------------------+
| | | | |
| | Net Operating Cash Flows | (5,569) | 277,188 |
+------+----------------------------------+----------------+------------------+
| | | | |
| | Cash flows related to investing | | |
| | activities | | |
+------+----------------------------------+----------------+------------------+
| 1.8 | Payment for purchases of: | | |
| | (a)prospects | - | - |
| | (b)equity investments | (1,478) | (1,948) |
| | (c) other fixed assets | (3) | (5) |
+------+----------------------------------+----------------+------------------+
| 1.9 | Proceeds from sale of: | | |
| | (a)prospects | - | - |
| | (b)equity investments | - | - |
| | (c)other fixed assets | - | - |
+------+----------------------------------+----------------+------------------+
| 1.10 | Loans to other entities | (15,141) | (15,141) |
+------+----------------------------------+----------------+------------------+
| 1.11 | Loans repaid by other entities | - | - |
+------+----------------------------------+----------------+------------------+
| 1.12 | Other : Payment for Convertible | (7,070) | (7,820) |
| | Notes | | |
+------+----------------------------------+----------------+------------------+
| 1 | | | |
| | Net investing cash flows | (23,692) | (24,914) |
+------+----------------------------------+----------------+------------------+
| 1.13 | Total operating and investing | | |
| | cash flows (carried forward) | (29,261) | 252,274 |
+------+----------------------------------+----------------+------------------+
+------+----------------------------------+------------------+------------------+
| 1.13 | Total operating and investing | | |
| | cash flows (brought forward) | (29,261) | 252,274 |
+------+----------------------------------+------------------+------------------+
| | | | |
| | Cash flows related to financing | | |
| | activities | | |
+------+----------------------------------+------------------+------------------+
| 1.14 | Proceeds from issues of shares, | 6,264 | 41,474 |
| | options, etc. | | |
+------+----------------------------------+------------------+------------------+
| 1.15 | Proceeds from sale of forfeited | - | - |
| | shares | | |
+------+----------------------------------+------------------+------------------+
| 1.16 | Proceeds from borrowings | - | - |
+------+----------------------------------+------------------+------------------+
| 1.17 | Repayment of borrowings | - | - |
+------+----------------------------------+------------------+------------------+
| 1.18 | Dividends paid | (100,433) | (100,433) |
+------+----------------------------------+------------------+------------------+
| 1.19 | Other - repayment of | - | - |
| | issue proceeds | - | - |
| | � costs of share issues | | |
+------+----------------------------------+------------------+------------------+
| | Net financing cash flows | | |
| | | (94,169) | (58,959) |
+------+----------------------------------+------------------+------------------+
| | | | |
| | Net (decrease) in cash held | (123,430) | 193,315 |
| | | | |
+------+----------------------------------+------------------+------------------+
| 1.20 | Cash at beginning of | 332,882 | 16,137 |
| | quarter/year to date | | |
+------+----------------------------------+------------------+------------------+
| 1.21 | Exchange rate adjustments to | - | - |
| | item 1.20 | | |
+------+----------------------------------+------------------+------------------+
| 1.22 | Cash at end of quarter | 209,452 | 209,452 |
+------+----------------------------------+------------------+------------------+
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 | 122 |
| | 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 |
+----------+---------------------------------------------------------------------------+
| | |
| | Executive and non executive directors salaries and bonuses |
+----------+--------------------------------------------------------+------------------+
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 |
+-----+----------------------------------------------------------------------+
| | |
| | |
| | |
+-----+----------------------------------------------------------------------+
+-----+----------------------------------------------------------------------+
| 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 |
+-----+----------------------------------------------------------------------+
| | |
| | |
| | |
+-----+----------------------------------------------------------------------+
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 standbyarrangements | - | - |
| | | | |
+-----+----------------------------------+------------------+------------------+
Estimated cash outflows for next quarter
+-----+--------------------------------------------+--------------------------+
| | | $A'000 |
+-----+--------------------------------------------+--------------------------+
| 4.1 | Exploration and evaluation | 3 |
| | | |
+-----+--------------------------------------------+--------------------------+
| 4.2 | Development | - |
| | | |
+-----+--------------------------------------------+--------------------------+
| | | 3 |
| | Total | |
+-----+--------------------------------------------+--------------------------+
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 | 1,094 | 694 |
+-----+----------------------------------+-----------------+------------------+
| 5.2 | Deposits at call | 208,358 | 332,188 |
+-----+----------------------------------+-----------------+------------------+
| 5.3 | Bank overdraft | - | - |
+-----+----------------------------------+-----------------+------------------+
| 5.4 | Other (provide details) | - | - |
+-----+----------------------------------+-----------------+------------------+
| | Total: cash at end of | 209,452 | 332,882 |
| | quarter (item 1.22) | | |
+-----+----------------------------------+-----------------+------------------+
Changes in interests in mining tenements
+-----+-------------------+-----------+--------------------+-----------+----------+
| | | Tenement | Nature of interest | Interest | Interest |
| | | reference | (note (2)) | at | at end |
| | | | | beginning | of |
| | | | | of | quarter |
| | | | | quarter | |
+-----+-------------------+-----------+--------------------+-----------+----------+
| 6.1 | Interests in | N/A | | | |
| | mining tenements | | | | |
| | relinquished, | | | | |
| | reduced or lapsed | | | | |
| | | | | | |
+-----+-------------------+-----------+--------------------+-----------+----------+
| 6.2 | Interests in | N/A | | | |
| | 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 | Issue price | Amount paid up |
| | number | quoted | per security | per security |
| | | | (see note 3) | (see note 3) |
| | | | (cents) | (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 | 506,787,213 | 506,787,213 | | |
| | securities | | | | |
+------+--------------------------------------+-------------+--------------+--------------+----------------+
| 7.4 | Changes | | | | |
| | during | | | | |
| | quarter | 66,733,121 | 66,733,121 | | |
| | (a) Increases | | | | |
| | through | | | | |
| | issues | | | | |
| | (b) Decreases | | | | |
| | through | | | | |
| | returns of | | | | |
| | capital, | | | | |
| | buy-backs | | | | |
+------+--------------------------------------+-------------+--------------+--------------+----------------+
| 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 | | | Exercise | Expiry date |
| | and conversion | 28,000,000 | - | price | 31 October |
| | factor) | 3,300,000 | - | 37.7 cents | 2010 |
| | | 8,350,000 | - | $1.40 | 30 June 2009 |
| | | | | 43.2 cents | 30 June 2010 |
+------+--------------------------------------+-------------+--------------+--------------+----------------+
| 7.8 | Issued during | | | | |
| | quarter | | | | |
+------+--------------------------------------+-------------+--------------+--------------+----------------+
| 7.9 | Exercised | 22,241,846 | - | 27.7 cents | 31 October |
| | during | | | | 2008 |
| | quarter | | | | |
+------+--------------------------------------+-------------+--------------+--------------+----------------+
| 7.10 | Expired | 100,000 | - | 42.7 cents | 22 October |
| | during | 7,894,288 | - | 27.7 cents | 2008 |
| | quarter | | | | 31 October |
| | | | | | 2008 |
+------+--------------------------------------+-------------+--------------+--------------+----------------+
| 7.11 | Debentures | | | | |
| | (totals only) | | | | |
+------+--------------------------------------+-------------+--------------+--------------+----------------+
| 7.12 | Unsecured | | | | |
| | notes (totals | | | | |
| | only) | | | | |
+------+--------------------------------------+-------------+--------------+--------------+----------------+
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
(Director/Company secretary)
Print name: ......Timothy
Turner.............................................
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.
== == == == ==
This information is provided by RNS
The company news service from the London Stock Exchange
END
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