Appendix 5B

Berkeley Resources Limited
31 January 2008

                                                                        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

BERKELEY RESOURCES LIMITED


ABN                                                              Quarter ended ('current quarter')
40 052 468 569                                                     31 December 2007


Consolidated statement of cash flows

                                                                   Current quarter           Year to date
Cash flows related to operating activities                                  $A'000             (6 months)

                                                                                                   $A'000
1.1                Receipts from product sales and related                       -                      -
                   debtors


1.2                Payments for      (a)  exploration and                  (2,781)                (4,663)
                   evaluation
                                                                                 -                      -
                                                (b)
                   development                                                   -                      -

                                                (c)                          (450)                  (830)
                   production

                   (d)     administration
1.3                Dividends received                                            -                      -
1.4                Interest and other items of a similar
                   nature received
                                                                               356                    743
1.5                Interest and other costs of finance                           -                      -
                   paid
1.6                Income taxes paid                                             -                      -
1.7                Other

                   - Business development                                     (47)                   (83)


                   Net Operating Cash Flows                                (2,922)                (4,833)


                   Cash flows related to investing
                   activities
1.8                Payment for purchases of:

                                           (a)prospects                          -                      -
                                           (b)equity                             -                      -
                                              investments
                                                                              (48)                  (156)
                                           (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                                   (48)                  (156)
1.13               Total operating and investing cash
                   flows (carried forward)
                                                                           (2,970)                (4,989)



1.13                                      Total operating and investing cash
                                          flows (brought  forward)
                                                                                             (2,970)            (4,989)


                                          Cash flows related to financing
                                          activities

1.14                                      Proceeds from issues of shares,                          -                450
                                          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

                                          - capital raising expenses                             (3)               (34)

                                                                                  
                                          Net financing cash flows                               (3)                416


                                          Net increase (decrease) in cash held               (2,973)            (4,573)


1.20                                      Cash at beginning of quarter/year to                23,936             25,536
                                          date
1.21                                      Exchange rate adjustments to item 1.20                   -                  -
1.22                                      Cash at end of quarter

                                                                                              20,963             20,963

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 item                137
                                        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 include executive remuneration, superannuation, directors' fees and
                                        consulting 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
                                        Not applicable


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
                                        Not applicable




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                                                1,900


4.2                                     Development                                                                   -

                                        Total                                                                     1,900



Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown          Current quarter         Previous quarter
in the consolidated statement of cash flows) to the
related items in the accounts is as follows.                                 $A'000                   $A'000


5.1   Cash on hand and at bank                                                2,759                    1,463
5.2   Deposits at call

                                                                             18,204                   22,473
5.3   Bank overdraft

                                                                                  -                        -
5.4   Other (provide details)

                                                                                  -                        -
      Total: cash at end of quarter (item 1.22)

                                                                             20,963                   23,936



Changes in interests in mining tenements


                                 Tenement reference Nature of interest        Interest at Interest at end of
                                                                             beginning of            quarter
                                                            (note (2))            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.
                                  Total number      Number quoted    Issue price per     Amount paid up per
                                                                  security (see note  security (see note 3)
                                                                          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 securities        103,591,695        103,591,695     Not Applicable         Not Applicable
7.4    Changes during
       quarter

       (a)  Increases
       through issues

       (b)  Decreases
       through returns of
       capital, buy-backs
7.5    +Convertible debt
       securities
7.6    Changes during
       quarter

       (a)  Increases
       through issues

       (b)  Decreases
       through securities
       matured, converted
7.7    Options                                                        Exercise price            Expiry date

       -Unlisted Options            10,600,000                  -              $0.70          30 April 2010

       -Incentive Options            2,250,000                  -              $1.00       30 November 2008

       -Employee Options             2,970,000                  -              $1.86          5 August 2011
7.8    Issued during
       quarter
7.9    Exercised during
       quarter

       -Director Options


7.10   Expired 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.



Sign here:          ............................................................

            Date:  31 January 2007

                   Company secretary)


Print name:       CLINT MCGHIE



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.

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