Appendix 5B
October 28 2010 - 2:57AM
UK Regulatory
TIDMCZA
RNS Number : 1479V
Coal of Africa Limited
28 October 2010
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 |
+--------------------------------------------------------------------------------+
| Coal of Africa Limited |
+--------------------------------------------------------------------------------+
+------------------------------+--------------------+------------------------------+
| ABN | | Quarter ended ("current |
| | | quarter") |
+------------------------------+--------------------+------------------------------+
| 98 008 905 388 | | 30 September 2010 |
+------------------------------+--------------------+------------------------------+
Consolidated statement of cash flows
+------+---------------------------------+-------------+-------------+
| | | Year to |
| Cash flows related to operating | Current | date |
| activities | quarter | (3.months) |
| | $A'000 | $A'000 |
+----------------------------------------+-------------+-------------+
| 1.1 | Receipts from product sales and | 15,551 | 15,551 |
| | related debtors | | |
| | | | |
+------+---------------------------------+-------------+-------------+
| 1.2 | Payments for (a) | (537) | (537) |
| | exploration & evaluation | - | - |
| | | (31,621) | (31,621) |
| | (b) development | (9,457) | (9,457) |
| | | | |
| | (c) production | | |
| | | | |
| | (d) administration | | |
+------+---------------------------------+-------------+-------------+
| 1.3 | Dividends received | - | - |
+------+---------------------------------+-------------+-------------+
| 1.4 | Interest and other items of a | 909 | 909 |
| | similar nature received | | |
+------+---------------------------------+-------------+-------------+
| 1.5 | Interest and other costs of | (43) | (43) |
| | finance paid | | |
+------+---------------------------------+-------------+-------------+
| 1.6 | Income taxes paid | - | - |
+------+---------------------------------+-------------+-------------+
| 1.7 | Other (provide details if | - | - |
| | material) | | |
+------+---------------------------------+-------------+-------------+
| | | (25,198) | (25,198) |
| | Net Operating Cash Flows | | |
+------+---------------------------------+-------------+-------------+
| | | | |
| | Cash flows related to investing | | |
| | activities | | |
+------+---------------------------------+-------------+-------------+
| 1.8 | Payment for purchases of: | (1,900) | (1,900) |
| | (a) prospects | - | - |
| | | (31,194) | (31,194) |
| | (b) equity investments | | |
| | | | |
| | (c) other fixed assets | | |
+------+---------------------------------+-------------+-------------+
| 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) | | |
+------+---------------------------------+-------------+-------------+
| | | (33,094) | (33,094) |
| | Net investing cash flows | | |
+------+---------------------------------+-------------+-------------+
| 1.13 | Total operating and investing | (58,292) | (58,292) |
| | cash flows (carried forward) | | |
+------+---------------------------------+-------------+-------------+
+------+---------------------------------+-------------+-------------+
| 1.13 | Total operating and investing | (58,292) | (58,292) |
| | 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 (provide details if | - | - |
| | material) | | |
+------+---------------------------------+-------------+-------------+
| | Net financing cash flows | - | - |
+------+---------------------------------+-------------+-------------+
| | | (58,292) | (58,292) |
| | Net increase (decrease) in cash | | |
| | held | | |
| | | | |
+------+---------------------------------+-------------+-------------+
| 1.20 | Cash at beginning of | 101,063 | 101,063 |
| | quarter/year to date | | |
+------+---------------------------------+-------------+-------------+
| 1.21 | Exchange rate adjustments to | (109) | (109) |
| | item 1.20 | | |
+------+---------------------------------+-------------+-------------+
| 1.22 | Cash at end of quarter | 42,662 | 42,662 |
+------+---------------------------------+-------------+-------------+
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 |
+----------------------------------------------------+---------------+
| | | 710 |
| 1.23 | Aggregate amount of payments to the parties | |
| | 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 |
+------+-------------------------------------------------------------+
| | |
| | |
| | |
| | |
+------+---------------------------------------------+---------------+
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 | Amount used |
| | | available | $A'000 |
| | | $A'000 | |
+-----+--------------------------------+--------------+--------------+
| 3.1 | Loan facilities | 26,163 | 20,672 |
| | | | |
+-----+--------------------------------+--------------+--------------+
| 3.2 | Credit standby arrangements | 10,726 | - |
| | | | |
+-----+--------------------------------+--------------+--------------+
Estimated cash outflows for next quarter
+-----+-------------------------------------------+------------------+
| | | $A'000 |
+-----+-------------------------------------------+------------------+
| 4.1 | Exploration and evaluation | 350 |
| | | |
+-----+-------------------------------------------+------------------+
| 4.2 | Development | 2,427 |
| | | |
+-----+-------------------------------------------+------------------+
| 4.3 | Production | 48,582 |
| | | |
+-----+-------------------------------------------+------------------+
| 4.4 | Administration | 6,827 |
| | | |
+-----+-------------------------------------------+------------------+
| | | 58,186 |
| | Total | |
+-----+-------------------------------------------+------------------+
Reconciliation of cash
+-----+-------------------------------+--------------+--------------+
| Reconciliation of cash at the end | Current | Previous |
| of the quarter (as shown in the | quarter | quarter |
| consolidated statement of cash | $A'000 | $A'000 |
| flows) to the related items in | | |
| the accounts is as follows. | | |
+-------------------------------------+--------------+--------------+
| 5.1 | Cash on hand and at bank | 12,103 | 84,115 |
+-----+-------------------------------+--------------+--------------+
| 5.2 | Deposits at call | 30,559 | 16,948 |
+-----+-------------------------------+--------------+--------------+
| 5.3 | Bank overdraft | - | - |
+-----+-------------------------------+--------------+--------------+
| 5.4 | Other (provide details) | - | - |
+-----+-------------------------------+--------------+--------------+
| | Total: cash at end of quarter | 42,662 | 101,063 |
| | (item 1.22) | | |
+-----+-------------------------------+--------------+--------------+
Changes in interests in mining tenements
+-------------+---------------------------------------------------------------+------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+------------------------------+----------------------------------+----------------------------+
| | | Tenement reference | Nature of interest |Interest at beginning of quarter |Interest at end of quarter |
| | | | (note (2)) | | |
+-------------+---------------------------------------------------------------+------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+------------------------------+----------------------------------+----------------------------+
| 6.1 | Interests in mining tenements relinquished, reduced or lapsed | Bekaf 650 MS, CastleKoppies 652 MS, Chase 576 MS, Fanie 578 MS, Joffre 584 MS, Kleinenberg 636 MS, Wildgoose 577 MS, Albert 686 MS, Enfield 474 MS, Rissik 637 MS, Vleifontein 691 MS | New Order Prospecting Rights | 100% | - |
| | | | | | |
| | | Schalk 542 MS, Qualipan 655MS, M'Tamba-Vlei 654 MS, Middelfontein 683 MS, Sandilands 708 MS | | | |
| | | | | | |
| | | | | | |
| | | | New Order Prospecting Rights | | |
| | | | | - | - |
+-------------+---------------------------------------------------------------+------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+------------------------------+----------------------------------+----------------------------+
| 6.2 | Interests in mining tenements acquired or increased | Portion 2 and the Remaining Extent of Mount Stuart 153 MT, Portion 1, Remaining Extent of Terblanche 155 MT, Septimus 156 MT, Nakab 184 MT, Lukin 643 MS, Remaining Extent and Portion 1 of Overwinning 713 MS, Remaining Extent, portion 1 and portion 2 of the farm Windhoek 649 MS, Schuitdrift 179 MT, Gray 189 MT | New Order Prospecting Rights | - | 100% |
| | | | | | |
+-------------+---------------------------------------------------------------+------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+------------------------------+----------------------------------+----------------------------+
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 | Amount |
| | number | quoted | price per | paid up |
| | | | security | per |
| | | | (see note | security |
| | | | 3) | (see note |
| | | | (cents) | 3) (cents) |
+----------------------------------+-------------+-------------+-----------+------------+
| 7.1 | Preference | Nil | | | |
| | +securities(description) | | | | |
+------+---------------------------+-------------+-------------+-----------+------------+
| 7.2 | Changes | | | | |
| | during | | | | |
| | quarter | | | | |
| | | | | | |
+------+---------------------------+-------------+-------------+-----------+------------+
| 7.3 | +Ordinary | 530,514,663 | 530,514,663 | | |
| | securities | | | | |
| | | | | | |
+------+---------------------------+-------------+-------------+-----------+------------+
| 7.4 | Changes | | | | |
| | during | | | | |
| | quarter | | | | |
| | (a) | | | | |
| | Increases | | | | |
| | through | | | | |
| | issues | | | | |
| | (b) | | | | |
| | Decreases | | | | |
| | through | | | | |
| | returns of | | | | |
| | capital, | | | | |
| | buy-backs | | | | |
+------+---------------------------+-------------+-------------+-----------+------------+
| 7.5 | +Convertible | Nil | | | |
| | debt | | | | |
| | securities | | | | |
| | (description) | | | | |
+------+---------------------------+-------------+-------------+-----------+------------+
| 7.6 | Changes | | | | |
| | during | | | | |
| | quarter | | | | |
| | (a) | | | | |
| | Increases | | | | |
| | through | | | | |
| | issues | | | | |
| | (b) | | | | |
| | Decreases | | | | |
| | through | | | | |
| | securities | | | | |
| | matured, | | | | |
| | converted | | | | |
+------+---------------------------+-------------+-------------+-----------+------------+
| 7.7 | Options(description | 25,487,498 | Nil | Exercise | Expiry |
| | and conversion | | | price | date |
| | factor) | | | | |
+------+---------------------------+-------------+-------------+-----------+------------+
| 7.8 | Issued | Nil | Nil | See Note | See Note 6 |
| | during | | | 6 | |
| | quarter | | | | |
+------+---------------------------+-------------+-------------+-----------+------------+
| 7.9 | Exercised | Nil | Nil | | |
| | during | | | | |
| | quarter | | | | |
+------+---------------------------+-------------+-------------+-----------+------------+
| 7.10 | Expired | Nil | Nil | | |
| | during | | | | |
| | quarter | | | | |
+------+---------------------------+-------------+-------------+-----------+------------+
| 7.11 | Debentures | Nil | | | |
| | (totals | | | | |
| | only) | | | | |
+------+---------------------------+-------------+-------------+-----------+------------+
| 7.12 | Unsecured | Nil | | | |
| | 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.
28
October 2010
Sign here:
............................................................ Date:
............................
(Company Secretary)
SHANNON COATES
Print name: .........................................................
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.
6 Issued and Quoted Options as at 30 September 2010:
+-----------+--------+----------+-----------------+----------+
| Number |Number |Exercise | Expiry Date | Lapsed |
| Issued |Quoted | Price | | Since |
| | | | | End of |
| | | | | quarter |
+-----------+--------+----------+-----------------+----------+
| 9,074,998 | - | A$0.50 | 30 September | - |
| | | | 2011 | |
+-----------+--------+----------+-----------------+----------+
| 7,000,000 | - | A$1.25 | 30 September | - |
| 250,000 | - | A$2.05 | 2012 | - |
| 1,000,000 | - | A$1.90 | 1 May 2012 | - |
| 600,000 | - | A$1.25 | 30 September | - |
| 1,650,000 | - | A$3.25 | 2012 | - |
| 912,500 | - | A$1.90 | 1 May 2012 | - |
| 5,000,000 | - | A$2.74 | 31 July 2010 | - |
| | | | 30 June 2014 | |
| | | | 30 November | |
| | | | 2014 | |
+-----------+--------+----------+-----------------+----------+
== == == == ==
This information is provided by RNS
The company news service from the London Stock Exchange
END
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