Mining Quarterly Report
October 28 2005 - 3:00AM
UK Regulatory
RNS Number:2719T
Gippsland Limited
28 October 2005
Mining exploration entity quarterly report
Name of entity
GIPPSLAND LIMTED
Quarter ended ("current quarter")
30 September 2005
Consolidated statement of cash flows
------------ ------------
Cash flows related to operating activities Current quarter Year to date
$A'000 (3 months)
------------ $A'000
------------
------------
1.1 Receipts from product sales and related - -
debtors
1.2 Payments for (267) (267)
(a) exploration and evaluation
(b) development - -
(c) production - -
(d) administration (172) (172)
1.3 Dividends received - -
1.4 Interest and other items of a similar nature 3 3
received
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Other (provide details if material) - -
------------ ------------
Net Operating Cash Flows (436) (436)
------ ---------------------- ------------ ------------
Cash flows related to investing activities
1.8 Payment for purchases of:
(a)prospects - -
(b)equity investments - -
(c) other fixed assets (8) (8)
1.9 Proceeds from sale of:
(a)prospects - -
(b)equity investments - -
(c)other fixed assets - -
1.10 Loans to other entities - Egyptian Mining - -
Company for Mineral Resources
1.11 Loans repaid by other entities - -
1.12 Other (provide details if material) - -
------------ ------------
Net investing cash flows (8) (8)
------------ ------------
1.13 Total operating and investing cash flows (444) (444)
------ (carried forward) ------------ ------------
----------------------
1.13 Total operating and investing cash flows (444) (444)
------ (brought forward) ------------ ------------
----------------------
Cash flows related to financing activities
1.14 Proceeds from issues of shares - -
1.15 Proceeds from sale of forfeited shares - -
1.16 Proceeds from borrowings - -
1.17 Repayment of borrowings - -
1.18 Dividends paid - -
1.19 Payments relating to capital raisings - -
------------ ------------
Net financing cash flows - -
------ ---------------------- ------------ ------------
Net increase (decrease) in cash held (444) (444)
1.20 Cash at beginning of quarter/year to date 589 589
1.21 Exchange rate adjustments to item 1.20 (8) (8)
------------ ------------
1.22 Cash at end of quarter 137 137
------ ---------------------- ------------ ------------
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 82
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
------------------------------------------
Payments to Directors and director related entities
------------------------------------------
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
------------------------------------------
None
------------------------------------------
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
------------------------------------------
None
------------------------------------------
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 standby arrangements - -
----- ----------------------- ------------ ------------
Estimated cash outflows for next quarter
$A'000
----------------
4.1 Exploration and evaluation 200
----------------
4.2 Development -
----- ----------------------------- ----------------
Total 200
----- ----------------------------- ----------------
Reconciliation of cash
------------------------- ------------ ------------
Reconciliation of cash at the end of the quarter (as Current Previous
shown in the consolidated statement of cash flows) to quarter quarter
the related items in the accounts is as follows.
$A'000 $A'000
------------------------- ------------ ------------
------------
5.1 Cash on hand and at bank 103 136
------------ ------------
5.2 Deposits at call 34 453
------------ ------------
5.3 Bank overdraft - -
------------ ------------
5.4 Other (provide details) - -
----- ---------------------- ------------ ------------
Total: cash at end of quarter (item 1.22) 137 589
----- ---------------------- ------------ ------------
Changes in interests in mining tenements
-------- ---------- ---------- --------
Tenement Nature of Interest at Interest at
reference interest beginning of end of
quarter quarter
(note (2))
-------- ---------- --------
----------
6.1 Interests in mining - - - -
tenements relinquished, -------- ---------- ---------- --------
reduced or lapsed
6.2 Interests in 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 per Amount paid
-------------- number quoted security (see up per
--------- ---------- note 3) (cents) 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 162,818,926 162,818,926 - -
securities --------- ---------- ---------- -----------
7.4 Changes during - - - -
quarter
(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 Exercise price Expiry date
GIPO 43,771,393 43,771,393 9 cents 31/12/07
10,000,000 - 4 UK pence 31/12/07
--------- ---------- ---------- -----------
7.8 Issued during - - - -
quarter --------- ---------- ---------- -----------
7.9 Exercised during - - - -
quarter - --------- ---------- ---------- -----------
GIPAI
7.10 Expired/ - -
Cancelled
during quarter
------ ---------- --------- ---------- ---------- -----------
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.
RS Middlemas
Company Secretary
27 October 2005
This information is provided by RNS
The company news service from the London Stock Exchange
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