Mining exploration entity quarterly report
April 15 2009 - 4:52AM
UK Regulatory
TIDMMML
Rule 5.3
MEDUSA MINING LIMITED
(AIM: MML)
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 March 2009
Consolidated statement of cash flows
Current Year to date
quarter (6 months)
$A'000 $A'000
CASH FLOWS RELATING TO OPERATING ACTIVITIES
1.1 Receipts from product sales and related 12,344 32,834
debtors
1.2 Payments for (a) exploration and (3,149) (8,678)
evaluation
(b) operation (2,968) (7,713)
(c) administration (867) (2,443)
1.3 Interest and other items of a similar 28 51
nature received
1.4 Other - -
Net operating cash flows 5,387 14,052
CASH FLOWS RELATING TO INVESTING ACTIVITIES
1.5 Payments for (a) prospects - -
(b) equity investment - -
(c) fixed assets (2,591) (4,921)
(d) development (4,147) (11,475)
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 (6,738) (16,396)
1.9 Total operating and investing cash flows (1,350) (2,344)
(carried forward)
CASH FLOWS RELATING TO FINANCING ACTIVITIES
1.10 Proceeds from issues of shares, options, 24,563 25,643
etc.
1.11 Proceeds from borrowings - -
1.12 Repayment of borrowings - -
1.13 Other (issue expenses) (1,300) (1,300)
Net financing cash flows 23,263 24,343
Net increase (decrease) in cash held 21,913 21,999
(carried forward)
Net increase (decrease) in cash held
(brought forward) 21,913 21,999
1.14 Cash at beginning of quarter/year to
date 5,737 4,834
1.15 Exchange rate adjustments to item 1.14 (69) 748
1.16 Cash at end of quarter 27,581 27,581
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 380
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 3,000
4.2 Development 4,000
Total 7,000
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 Current quarter Previous quarter
accounts is as follows. $A'000 $A'000
5.1 Cash on hand and at bank 9,932 3,782
5.2 Deposits at call 17,649 1,955
5.3 Bank overdraft - -
5.4 Other (provide details) - -
Total: cash at end of quarter 27,581 5,737
(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 quoted Issue Amt paid
number 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 20,300,000 20,300,000 $1.21 $1.21
(b) Decreases
through returns
of capital,
buy-backs,
redemptions
7.3 +Ordinary 166,607,548 166,607,548
securities
7.4 Changes during
quarter
(a) Increases
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 5,030,000 - Exercise Expiry
(description and price date
conversion (see note (see note
factor) 6) 6)
7.8 Issued during 1,000,000 -
quarter
7.9 Exercised during - -
quarter
7.10 Expired during (7,000,000) -
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: 15 April 2009
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
2,000,000 $1.2500 01 Jun 2009
800,000 $0.7128 19 Dec 2009
600,000 $0.4334 23 Dec 2009
630,000 $1.2500 31 Mar 2011
1,000,000 $1.2500 22 Jan 2012
=--END OF MESSAGE---
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
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