Mar09 Quarterly Cashflow Report

RANGE RESOURCES LIMITED - Cashflow Report for the Quarter Ended 31 March 2009                                             

ABN                                           Quarter ended ("current    
                                              quarter")                  
                                                                         
88 002 522 009                                31 March 2009              

Consolidated statement of cash flows

Cash flows related to operating             Current quarter       Year to date
activities                                                                    
                                                     $A'000         (9 months)
                                                                              
                                                                        $A'000
                                                                              
1.1   Receipts from product sales and                                         
      related debtors                                                         
                                                                              
1.2   Payments for                                  (1,046)            (2,605)
                                                                              
      (a) exploration and evaluation                      -                  -
                                                                              
      (b) development                                     -                  -
                                                                              
      (c) production                                  (164)            (2,361)
                                                                              
      (d) administration                                                      
                                                                              
1.3   Dividends received                                  -                  -
                                                                              
1.4   Interest and other items of a                       2                 55
      similar nature received                                                 
                                                                              
1.5   Interest and other costs of                         -                  -
      finance paid                                                            
                                                                              
1.6   Income taxes paid                                   -                  -
                                                                              
1.7   Other                                               -                  -
                                                                              
      Net Operating Cash Flows                      (1,208)            (4,911)
                                                                              
      Cash flows related to investing                                         
      activities                                                              
                                                                              
1.8   Payment for purchases of:                           -                  -
                                                                              
      (a)prospects                                        -                  -
                                                                              
      (b)equity investments                               -              (168)
                                                                              
      (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                                               -                  -
                                                                              
      Net investing cash flows                            -              (168)
                                                                              
1.13  Total operating and investing cash            (1,208)            (5,079)
      flows (carried forward)                                                 

1.13  Total operating and investing cash            (1,208)           (5,079)
      flows (brought forward)                                                
                                                                             
      Cash flows related to financing                                        
      activities                                                             
                                                                             
1.14  Proceeds from issues of shares,                 1,701             1,701
      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  Costs associated with issue of                   (47)              (51)
      shares (refer to note)                                                 
                                                                             
      Net financing cash flows                        1,654             1,650
                                                                             
      Net increase (decrease) in cash                   446           (3,429)
      held                                                                   
                                                                             
1.20  Cash at beginning of quarter/year                 257             4,138
      to date                                                                
                                                                             
1.21  Exchange rate adjustments to item                   4               (2)
      1.20                                                                   
                                                                             
1.22  Cash at end of quarter                            707               707

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                         39
       included in item 1.2 and 1.7                                          
                                                                             
1.24   Aggregate amount of loans to the parties included                  Nil
       in item 1.10                                                          
                                                                             
1.25   Explanation necessary for an understanding of the transactions        
                                                                             
       $39,318 payment of Directors Fees                                     
                                                                             

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                                                     
                                                                             
      N/A                                                                    

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                                                                    

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                                             50
                                                                               
4.2   Development                                                             -
                                                                               
      Total                                                                  50

Reconciliation of cash

Reconciliation of cash at the end of    Current quarter  Previous quarter
the quarter (as shown in the                                             
consolidated statement of cash flows)            $A'000            $A'000
to the related items in the accounts                                     
is as follows.                                                           
                                                                         
5.1  Cash on hand and at bank                       407               253
                                                                         
5.2  Deposits at call                                 -                 -
                                                                         
5.3  Bank overdraft                                   -                 -
                                                                         
5.4  Other - Term Deposit                             -                 -
                                                                         
     Total: cash at end of quarter                  407               253
     (item 1.22)                                                         

Changes in interests in mining tenements

                          Tenement    Nature of interest  Interest  Interest at
                          reference                       at        end of     
                                      (note (2))          beginning quarter    
                                                          of                   
                                                          quarter              
                                                                               
6.1   Interests in mining E70/2481    Direct              100%      Nil        
      tenements                                                                
      relinquished,       E70/2556    Direct              100%      Nil        
      reduced or lapsed                                                        
                          E74/337     Direct              100%      Nil        
                                                                               
                          E74/338     Direct              100%      Nil        
                                                                               
                          E77/1184    Direct              100%      Nil        
                                                                               
                          E77/1186    Direct              100%      Nil        
                                                                               
                          E77/1187    Direct              100%      Nil        
                                                                               
                          E77/1206    Direct              100%      Nil        
                                                                               
                          E77/1207    Direct              100%      Nil        
                                                                               
                          E77/1217    Direct              100%      Nil        
                                                                               
                          E77/1225    Direct              100%      Nil        
                                                                               
                          E77/1227    Direct              100%      Nil        
                                                                               
                          E77/1228    Direct              100%      Nil        
                                                                               
                          E77/1229    Direct              100%      Nil        
                                                                               
                          E77/1230    Direct              100%      Nil        
                                                                               
                          E77/1232    Direct              100%      Nil        
                                                                               
                          E77/1257    Direct              100%      Nil        
                                                                               
                          E77/1258    Direct              100%      Nil        
                                                                               
                          E77/1264    Direct              100%      Nil        
                                                                               
                          P77/3435    Direct              100%      Nil        
                                                                               
                          P77/3436    Direct              100%      Nil        
                                                                               
                          P77/3437    Direct              100%      Nil        
                                                                               
                          P77/3446    Direct              100%      Nil        
                                                                               
                          P77/3449    Direct              100%      Nil        
                                                                               
                          P77/3450    Direct              100%      Nil        
                                                                               
                          P77/3451    Direct              100%      Nil        
                                                                               
                          P77/3452    Direct              100%      Nil        
                                                                               
                          P77/3453    Direct              100%      Nil        
                                                                               
                          P77/3455    Direct              100%      Nil        
                                                                               
                          P77/3456    Direct              100%      Nil        
                                                                               
                          P77/3457    Direct              100%      Nil        
                                                                               
                          P77/3483    Direct              100%      Nil        
                                                                               
                          P77/3484    Direct              100%      Nil        
                                                                               
                          P77/3485    Direct              100%      Nil        
                                                                               
                          P77/3486    Direct              100%      Nil        
                                                                               
                          P77/3487    Direct              100%      Nil        
                                                                               
                          P77/3488    Direct              100%      Nil        
                                                                               
                          P77/3489    Direct              100%      Nil        
                                                                               
                          P77/3490    Direct              100%      Nil        
                                                                               
                          P77/3491    Direct              100%      Nil        
                                                                               
                          P77/3492    Direct              100%      Nil        
                                                                               
                          P77/3494    Direct              100%      Nil        
                                                                               
                          P77/3495    Direct              100%      Nil        
                                                                               
                          P77/3499    Direct              100%      Nil        
                                                                               
                          P77/3500    Direct              100%      Nil        
                                                                               
                          P77/3501    Direct              100%      Nil        
                                                                               
                          P77/3502    Direct              100%      Nil        
                                                                               
                          P77/3503    Direct              100%      Nil        
                                                                               
                          P77/3504    Direct              100%      Nil        
                                                                               
                          P77/3505    Direct              100%      Nil        
                                                                               
                          P77/3506    Direct              100%      Nil        
                                                                               
                          P77/3507    Direct              100%      Nil        
                                                                               
                          P77/3511    Direct              100%      Nil        
                                                                               
                          P77/3512    Direct              100%      Nil        
                                                                               
                          P77/3513    Direct              100%      Nil        
                                                                               
                          P77/3514    Direct              100%      Nil        
                                                                               
                          P77/3515    Direct              100%      Nil        
                                                                               
                          P77/3516    Direct              100%      Nil        
                                                                               
                          P77/3517    Direct              100%      Nil        
                                                                               
                          P77/3518    Direct              100%      Nil        
                                                                               
                          P77/3519    Direct              100%      Nil        
                                                                               
                          P77/3520    Direct              100%      Nil        
                                                                               
                          P77/3521    Direct              100%      Nil        
                                                                               
                          P77/3598    Direct              100%      Nil        
                                                                               
                          P77/3605    Direct              100%      Nil        
                                                                               
                          P77/3606    Direct              100%      Nil        
                                                                               
6.2   Interests in mining Nil                                                  
      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     Number       Issue price  Amount paid up  
                                     quoted       per security per security    
                                                  (see note 3) (see note 3)    
                                                  (cents)      (cents)         
                                                                               
7.1   Preference +  Nil                                                        
      securities                                                               
      (description)                                                            
                                                                               
7.2   Changes                                                                  
      during                                                                   
      quarter                                                                  
                                                                               
      (a) Increases                                                            
      through                                                                  
      issues                                                                   
                                                                               
      (b) Decreases                                                            
      through                                                                  
      returns of                                                               
      capital,                                                                 
      buy-backs,                                                               
      redemptions                                                              
                                                                               
7.3   +Ordinary     225,573,199      225,573,199                               
      securities                                                               
                                                                               
7.4   Changes       16,168,255       16,168,255                                
      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       88,398,647       64,901,186       Exercise      Expiry Date
                                                         Price                 
                    64,901,186       38,339,057                     31 May 2009
                                                        $0.015                 
                    38,339,057                                   1 October 2010
                                                         $1.00                 
                    3,177,029                                  31 December 2011
                                                         $0.05                 
                                                                   30 June 2012
                                                         $0.50                 
                                                                               
7.8   Issued during 104,652,472      38,353,487         $0.015      31 May 2009
      quarter                                                                  
                    38,353,487                           $0.05 31 December 2011
                                                                               
7.9   Exercised     (16,253,825)     (14,430)           $0.015      31 May 2009
      during                                                                   
      quarter       (14,430)                             $0.05 31 December 2011
                                                                               
7.10  Expired       Nil                                                        
      during                                                                   
      quarter                                                                  
                                                                               
7.11  Debentures    Nil                                                        
                                                                               
      (totals only)                                                            
                                                                               
7.12  Unsecured     Nil                                                        
      notes(totals                                                             
      only)                                                                    
                                                                               
7.13  Partly Paid   Nil                                                        
      Shares                                                                   

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.


____________________

Peter Landau

Executive Director

30 April 2009

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.

Appendix 5B

Mining exploration entity quarterly report

                                                                    Appendix 5B

                                     Mining exploration entity quarterly report

+ See chapter 19 for defined terms.

Appendix 5B Page 4 30/9/2001

+ See chapter 19 for defined terms.

Appendix 5B Page 5