TIDMTHR
RNS Number : 4631A
Thor Mining PLC
01 February 2011
THOR MINING PLC
Appendix 5B - December 2011 Quarterly Report
Dated: 1 February 2011
The Directors of Thor Mining PLC ("Thor" or the "Company") (AIM,
ASX: THR) the exploration company focussed on gold and base metal
projects and advancing tungsten-molybdenum projects in the Northern
Territory of Australia, lodged the following Appendix 5B quarterly
report with the Australian Securities Exchange (ASX) as required by
the listing rules of ASX.
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
THOR MINING PLC
-----------------------------
ACN or ARBN Quarter ended ("current
quarter")
121 117 673 31 December 2010
------------------------- ------------------------------
Consolidated statement of cash flows
Year to date
Cash flows related to operating Current quarter (6 months)
activities $A'000 $A'000
---------------- -------------
Receipts from product sales
1.1 and related debtors 0 0
Payments for (a) exploration
& evaluation (95) (232)
(b) development 0 0
(c) production 0 0
1.2 (d) administration (288) (611)
1.3 Dividends received 0 0
Interest and other items
1.4 of a similar nature received 10 14
Interest and other costs
1.5 of finance paid 0 (1)
1.6 Income taxes paid 0 0
Other (provide details if material)
1.7 0 0
Net Operating Cash Flows (373) (830)
----- -------------------------------------- ---------------- -------------
Cash flows related to investing
activities
Payment for purchases of:
(a) prospects 0 0
(b) equity investments 0 0
1.8 (c) other fixed assets (25) (25)
Proceeds from sale of: (a)
prospects 0 0
(b) equity investments 0 0
1.9 (c) other fixed assets 0 20
1.10 Loans to other entities 0 0
1.11 Loans repaid by other entities 0 0
Other (provide details if
1.12 material) 0 0
Net investing cash flows (25) (5)
---------------- -------------
Total operating and investing
1.13 cash flows (carried forward) (398) (835)
----- -------------------------------------- ---------------- -------------
Total operating and investing
1.13 cash flows (brought forward) (398) (835)
----- --------------------------------------
Cash flows related to financing
activities
Proceeds from issues of shares,
options, etc. (Refer Note
1.14 6) 895 1865
Proceeds from sale of forfeited
1.15 shares 0 0
1.16 Proceeds from borrowings 0 0
1.17 Repayment of borrowings 0 (3)
1.18 Dividends paid 0 0
Other (provide details if
1.19 material) 0 0
---------------- -------------
Net financing cash flows 895 1862
----- -------------------------------------- -------------
Net increase (decrease) in
cash held 497 1027
Cash at beginning of quarter/year
1.20 to date 578 62
Exchange rate adjustments
1.21 to item 1.20 (11) (25)
---------------- -------------
1.22 Cash at end of quarter 1064 1064
----- -------------------------------------- ---------------- -------------
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
---------------------------
Aggregate
amount of
payments to
the parties
included in
1.23 item 1.2 102
---------------------------
1.24 Aggregate 0
amount of
loans to the
parties
included in
item 1.10
------------------- ---------------------------- ---------------------------
1.25 Explanation necessary for an understanding
of the transactions
$101,673 includes: - Directors fees, including superannuation
for 5 Directors, totalling $19,533; Consulting fees
totalling $26,140 (M Billing, $19000, T Ireland, $7,140);
and payments to Western Desert Resources of $56,000
for office accommodation, secretarial and accounting
services.
-----------------------------------------------------------------------------
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
In September quarter, issue of 57 million shares, as consideration
for the acquisition of tenements at the Dundas Gold resource
near Norseman, WA.
-------------------------------------------------------------------
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
Nil
------------------------------------------------------------
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 0 0
---- ---------------------------- ----------------- ------------
Estimated cash outflows for next quarter
$A'000
-------
4.1 Exploration and evaluation 250
-------
4.2 Development 0
-------
4.3 Production 0
-------
4.4 Administration 250
-------
Total 500
---- --------------------------- -------
Reconciliation of cash
Reconciliation of cash at the
end of the quarter (as shown
in the consolidated statement
of cash flows) to the related Current quarter Previous quarter
items in the accounts is as follows. $A'000 $A'000
---------------------------------------- ---------------- -----------------
5.1 Cash on hand and at bank 1064 578
---------------- -----------------
5.2 Deposits at call 2
---------------- -----------------
5.3 Bank overdraft 0 0
---------------- -----------------
5.4 Other (provide details) 0 0
---------------- -----------------
Total: cash at end of quarter
(item 1.22) 1064 578
----- --------------------------------- ---------------- -----------------
Changes in interests in mining tenements
Tenement Nature of Interest Interest
reference interest at beginning at end
(note (2)) of quarter of quarter
----------- -------------- -------------- ------------
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.
Amount
Issue paid up
price per per
security security
(see note (see note
Total Number 3) 3)
number quoted (cents) (cents)
--------------------------------- ------------ ------------ ---------- -----------
Preference
+securities
7.1 (description)
------------ ------------ ---------- -----------
Changes
during
quarter (a)
Increases
through
issues (b)
Decreases
through
returns of
capital,
buy-backs,
7.2 redemptions
----------------- -------------- ------------ ------------ ---------- -----------
439,934,407
+Ordinary Refer Note
7.3 securities 439,934,407 7 N/A Fully Paid
------------ ------------ ---------- -----------
Changes
during
quarter (a)
Increases
through
issues (b)
Decreases
through
returns of 58.373,495
capital, Refer Note 1.62
7.4 buy-backs 58,373,495 8 cents Fully Paid
+Convertible
debt
securities
7.5 (description)
------------ ------------ ---------- -----------
Changes
during
quarter (a)
Increases
through
issues (b)
Decreases
through
securities
matured,
7.6 converted
Options
(description
and
conversion
factor)
Options A:
(Directors)
Options B: Exercise Expiry
Options C price date
(Directors) 5,000,000 0 (Cents) 15/09/2011
Share 5,000,000 0 18.00 31/03/2012
placement 10,000,000 0 5.00 4.00 24/11/2013
-CDI Warrants 28,135,126 28,135,126 2.625 1.5 25/03/2012
7.7 -UK Warrants 17,158,451 0 UK pence 31/03/2012
------------ ------------ ---------- -----------
Issued during
quarter
Options C
7.8 (Directors) 10,000,000 0 4.0 24/11/2013
------------ ------------ ---------- -----------
7.9 Exercised 6,735 6,735 2.625 1.5
during 1,367,760 1,367,760 UK pence
quarter -CDI
Warrants -UK
Warrants
------------ ------------ ---------- -----------
7.10 Expired
during
quarter
Options A*
------------ ------------
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:
31/01/2011
(Company Secretary)
Print name: Allan Burchard
Enquiries:
Mick Billing +61 (8) 7324 1935 Thor Mining PLC Executive Chairman
=============== =================== =================== ===================
Allan Burchard +61 (8) 7324 1935 Thor Mining PLC CFO/Company
Secretary
=============== =================== =================== ===================
John Simpson +44 (0)20 7776 Daniel Stewart & Nominated Adviser
6550 Co plc
=============== =================== =================== ===================
Nick Emerson/ +44 (0) 1483 Simple Investments Broker
Renato Rufus 413500
=============== =================== =================== ===================
Updates on the Company's activities are regularly posted on
Thor's website www.thormining.com, which includes a facility to
register to receive these updates by email.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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