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CZA
CZA
CZA - CoAL - Appendix 5B: Mining exploration entity quarterly report
Coal of Africa Limited
(previously, "GVM Metals Limited")
(Incorporated and registered in Australia)
(Registration number ABN 008 905 388)
Share code on the JSE Limited: CZA
ISIN AU000000CZA6
Share code on the Australian Stock Exchange Limited: CZA
ISIN AU000000CZA6
(`CoAL` or `the Company`)
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
Coal of Africa Limited
ABN
98 008 905 388
Quarter ended ("current quarter")
30 June 2009
Consolidated statement of cash flows
Cash flows related to
operating activities
Current Year to date
Quarter (12 months)
$A`000 $A`000
1.1 Receipts from product sales and
related debtors 4,083 12,162
1.2 Payments for
(a) exploration and evaluation
(b) development
(c) production
(d) administration
1.3 Dividends received
1.4 Interest and other items
of a similar nature received 2,140 12,371
1.5 Interest and other
costs of finance paid (25) (467)
1.6 Income taxes paid (18) (501)
1.7 Other - -
Net Operating Cash Flows (17,119) (70,025)
Cash flows related to investing
activities
1.8 Payment for purchases of:
(a) prospects - -
(b) equity investments - (13,935)
(c) other fixed assets (19,780) (46,816)
1.9 Proceeds from sale of:
(a) prospects - -
(b) equity investments - -
(c) other fixed assets - -
1.10 Loans to other entities - (23,877)
1.11 Loans repaid by other entities - -
1.12 Other (provide details if - (44,334)
material - Note 6)
Net investing cash flows (19,780) (128,962)
1.13 Total operating and investing (36,899) (198,987)
cash flows (carried
forward)
1.13 Total operating and investing (36,899) (198,987)
cash flows (brought
forward)
Cash flows related to financing
activities
1.14 Proceeds from issues of shares, 527 33,978
options, etc.(net) -see
note 7.4 below
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 (Exchange rate related - -
movements in foreign
borrowings and reserves)
Net financing cash flows 527 33,978
Net increase (decrease) in cash (36,372) (165,009)
held
1.20 Cash at beginning of quarter/year 123,356 252,005
to date
1.21 Exchange rate adjustments to item 29 17
1.20
1.22 Cash at end of quarter 87,013 87,013
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 1.2 290
1.24 Aggregate amount of loans to the parties
included in item 1.10 -
1.25 Explanation necessary for an understanding
of the transactions
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 4,530 1,162
Estimated cash outflows for next quarter
$A`000
4.1 Exploration and evaluation (1,500)
4.2 Development (32,500)
Total (34,000)
Reconciliation of cash
Reconciliation of cash at the end of the Current Previous
quarter (as shown in the quarter quarter
consolidated statement of cash $A`000 $A`000
flows) to the related items in the
accounts is as follows.
5.1 Cash on hand and at bank 1,557 1,926
5.2 Deposits at call 86,618 121,593
5.3 Bank overdraft (1,162) (163)
5.4 Other (provide details) - -
Total: cash at end of 87,013 123,356
quarter (item 1.22)
Changes in interests in mining tenements
Tenement Nature of
Reference interest
(note(2))
6.1 Interests in mining tenements
relinquished, reduced or lapsed - -
6.2 Interests in mining tenements
acquired or increased - -
Interest at Interest at
beginning of quarter end of 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
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 411,919636 411,919,636
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 (description and
conversion factor) 20,336,544 Nil
7.8 Issued during quarter Nil Nil
7.9 Exercised during quarter 544,258 544,258
7.10 Expired during quarter Nil Nil
7.11 Debentures (totals only)
7.12 Unsecured notes (totals only)
(Continued)
Issue price per Amount paid up
security (see per security
note 3) (cents) (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
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 Exercise price Expiry date
(description and See Note 7 See Note 7
conversion factor)
7.8 Issued during quarter Exercise price Expiry date
See Note 7 See Note 7
7.9 Exercised during
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: Managing Director Date: 28 July 2009
Print name: Simon Farrell
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.
7 Issued and Quoted Options as at 30 June 2009:
Number Number Exercise Expiry Date Lapsed
Issued Quoted Price Since
End of
quarter
9,200,000 - A$0.50 30 September 2011 -
7,000,000 - A$1.25 30 September 2012 -
636,544 - GBP0.65 30 November 2009 -
250,000 - A$2.05 1 May 2012 -
1,000,000 - A$1.90 30 September 2012 -
600,000 - A$1.25 1 May 2012 -
1,650,000 - A$3.25 31 July 2010 -
28 July 2009
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 28/07/2009 09:52:01 Produced by the JSE SENS Department.
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