Quarterly Report Appendix
January 31 2008 - 1:03AM
UK Regulatory
Quarterly Report Appendix
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
MEDUSA MINING LIMITED
ACN or ARBN Quarter ended ("current quarter")
099 377 849 31 December 2007
Consolidated statement of cash flows
Current Year to
quarter date
$A'000 (6 months)
$A'000
CASH FLOWS RELATING TO OPERATING ACTIVITIES
1.1 Receipts from product sales and related 2,862 5,735
debtors
1.2 Payments for (a) exploration and evaluation (1,287) (4,666)
(b) operation (1,725) (4,503)
(c) administration (627) (1,444)
1.3 Interest and other items of a similar nature 123 249
received
1.4 Other - -
Net operating cash flows (654) (4,629)
CASH FLOWS RELATING TO INVESTING ACTIVITIES
1.5 Payments for (a) prospects - -
(b) equity investment 2,200 (2,800)
(c) fixed assets (126) (1,243)
(d) development (2,010) (2,776)
1.6 Proceeds from sale of: (a) prospects - -
(b) - -
equity investments - -
(c)
fixed assets
1.7 Loans to other entities - -
1.8 Other (provide details if material) - -
Net investing cash flows 64 (6,819)
1.9 Total operating and investing cash flows (590) (11,448)
(carried forward)
CASH FLOWS RELATING TO FINANCING ACTIVITIES
1.10 Proceeds from issues of shares, options, etc. 1,742 1,742
1.11 Proceeds from borrowings - -
1.12 Repayment of borrowings - -
1.13 Other (issue expenses) (1,811) (1,811)
Net financing cash flows (69) (69)
Net increase (decrease) in cash held (carried (659) (11,517)
forward)
Net increase (decrease) in cash held (brought (659) (11,517)
forward)
1.14 Cash at beginning of quarter/year to date 9,314 20,168
1.15 Exchange rate adjustments to item 1.14 134 138
1.16 Cash at end of quarter 8,789 8,789
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
1.17 Aggregate amount of payments to the parties 112
included in item 1.2
1.18 Aggregate amount of loans to the parties -
included in item 1.7
1.19 Explanation necessary for an understanding of the transactions
Salaries and consulting fees paid to Directors of the Company
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
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
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 1,500
4.2 Development 600
Total 2,100
Reconciliation of cash
Reconciliation of cash at the end of Current quarter Previous quarter
the quarter (as shown $A'000 $A'000
in the consolidated statement of
cash flows) to the related
items in the accounts is as follows.
5.1 Cash on hand and at bank 2,564 1,784
5.2 Deposits at call 6,225 7,530
5.3 Bank overdraft - -
5.4 Other (provide details) - -
Total: cash at end of 8,789 9,314
quarter (item 1.16)
Changes in interests in mining tenements
Tenement Nature of Interest at Interest
reference interest Beginning at end of
(note 2) of quarter 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 Issue Amt paid
number quoted price up
per per
security security
(see note (see note
3) 3)
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 145,057,548 145,057,548
7.4 Changes during
quarter
(a) Increases 3,020,000 3,020,000
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 12,801,446 - Exercise Expiry
(description and price date
conversion factor) (see note (see note
6) 6)
7.8 Issued during 2,000,000 - $1.25 01 Jun
quarter 2009
7.9 Exercised during (3,020,000) -
quarter
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: 30 January 2008
Company Secretary
Print name: Roy Daniel
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.
6. Unlisted options:
Number issued Exercise price Expiry date
250,000 $0.7200 02 Oct 2008
1,500,000 $0.9000 02 Oct 2008
500,000 $1.5000 02 Oct 2008
151,446 $0.6500 13 Nov 2008
7,000,000 $1.6000 01 Feb 2009
2,000,000 $1.2500 01 Jun 2009
800,000 $0.7128 19 Dec 2009
600,000 $0.4334 23 Dec 2009
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