Appendix 5B

RNS Number : 6546B
Berkeley Resources Limited
30 October 2009
 



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


3September 2009


Consolidated statement of cash flows


Cash flows related to operating activities


Current quarter

$A'000

Year to date

(3 months) 

$A'000

1.1

Receipts from product sales and related debtors


-

-

1.2

Payments for  
    (a) exploration and evaluation

    (b) development

    (c)   production
    (d)   administration 

(1,214)

-

-

(360)

(1,214)

-

-

(360)

1.3

Dividends received

-

-

1.4

Interest and other items of a similar nature received


72


72

1.5

Interest and other costs of finance paid

-

-

1.6

Income taxes paid

-

-

1.7

Other 

- Business development


(134)


(134)



Net Operating Cash Flows


(1,636)


(1,636)



Cash flows related to investing activities



1.8

Payment for purchases of:    

    (a) prospects 

    (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 

- Refund of security deposits


54


54



Net investing cash flows


54


54

1.13

Total operating and investing cash flows (carried forward)


(1,582)


(1,582)

              

1.13

Total operating and investing cash flows (brought forward)


(1,582)


(1,582)


Cash flows related to financing activities



1.14

Proceeds from issues of shares, options, etc.

11

11

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


        (72)


        (72)


Net financing cash flows


(61)


(61)



Net increase (decrease) in cash held



(1,643)


(1,643)

1.20

Cash at beginning of quarter/year to date

11,568

11,568

1.21

Exchange rate adjustments to item 1.20

-

-

1.22

Cash at end of quarter


9,925


9,925

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 1.2


217


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' 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

$A'000 

Amount used

$A'000

3.1

Loan facilities 


-

-

3.2

Credit standby arrangements


-

-


Estimated cash outflows for next quarter



$A'000

4.1

Exploration and evaluation


1,500

4.2

Development


-



Total


1,500

 

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.

Current quarter 

$A'000

Previous quarter

$A'000

5.1

Cash on hand and at bank

1,801

2,543

5.2

Deposits at call


8,124


9,025

5.3

Bank overdraft


-


-

5.4

Other (provide details)


-


-


Total: cash at end of quarter (item 1.22)


9,925


11,568


  Changes in interests in mining tenements




Tenement reference

Nature of interest

(note (2))

Interest at beginning of quarter

Interest at end of quarter

6.1

Interests in mining tenements relinquished, reduced or lapsed



WA:

P15/4528

P15/4529

P15/4545

P15/5053 to P15/5065

-

100%

0%

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 security (see note 3) (cents)

Amount paid up per 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 securities

123,486,312

123,486,312

Not Applicable

Not Applicable

7.4

Changes during quarter

(a) Increases through issues

(b) Decreases through returns of capital, buy-backs




15,033




15,033




Not Applicable




Not Applicable

7.5

+Convertible debt securities  





7.6

Changes during quarter

(a) Increases through issues

(b) Decreases through securities matured, converted





7.7

Options  

-Unlisted Options

-Incentive Options

-Incentive Options

-Listed Options

-Unlisted Options



10,600,000

2,160,000

787,500

12,924,723

2,500,000


-

-

-

12,924,723

-

Exercise price

$0.70

$1.86

$1.00

$0.75

$1.00

Expiry date

30 April 2010

5 August 2011

19 June 2012

15 May 2013

31 May 2013

7.8

Issued during quarter





7.9

Exercised during quarter


15,033


15,033

Exercise price

$0.75


Expiry date

15 May 2013


7.10

Expired during quarter

-Incentive Options

-Employee Options

(ceasing eligible employment)





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 /does not(delete one) give a true and fair view of the matters disclosed.




Sign here:     ............................................................    Date:  30 October 2009

(Director/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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