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FSE
FSE
FSE - Firestone Energy Limited - Appendix 5B Mining exploration entity
quarterly report for the quarter ended 31 March 2010
FIRESTONE ENERGY LIMITED
(formerly Centralian Minerals Limited)
(Registration number: ABN 058 436 794)
(SA company registration number: 200/023973/10
Share code on the JSE: FSE
Share code on the ASX: FSE
ISIN: AU000000FSE6
("FSE" or "the Company")
Appendix 5B Mining exploration entity quarterly report for the quarter ended
31 March 2010
Consolidated statement of cash flows
Current Year to
Cash flows related to operating activities quarter date
$A`000 (9 months)
$A`000
1.1 Receipts from product sales and related - -
debtors
1.2 Payments for
(a) exploration and evaluation (1,867) (2,815)
(b) development - -
(c) production - -
(d) administration (336) (1,411)
1.3 Dividends received - -
1.4 Interest and other items of a similar 18 49
nature received
1.5 Interest and other costs of finance paid - (27)
1.6 Income taxes paid - -
1.7 Other - African project related costs - (193)
Net Operating Cash Flows (2,185) (4,397)
Cash flows related to investing
activities
1.8 Payment for purchases of:(a)prospects (2,046) (10,033)
(b)equity investments - -
(c) other fixed assets - (9)
1.9 Proceeds from sale of:(a)prospects - -
(b)equity investments - -
(c)other fixed assets - -
Loans to other entities - -
Loans repaid by other entities - -
2 Other - -
Net investing cash flows (2,046) (10,042)
1.13 Total operating and investing cash flows
(carried forward) (4,231) (14,439)
1.13 Total operating and investing cash flows
(brought forward) (4,231) (14,439)
Cash flows related to financing
activities
1.14 Proceeds from issues of shares, options, 4,500 16,180
convertible notes
1.15 Proceeds from sale of forfeited shares - -
1.16 Proceeds from borrowings - -
1.17 Repayment of borrowings - (100)
1.18 Other- share issue expenses (112) (1,825)
1.19 Other - -
Net financing cash flows 4,388 14,255
Net increase (decrease) in cash held 157 (184)
1.20 Cash at beginning of quarter/year to date 1,527 1,870
1.21 Exchange rate adjustments to item 1.20 - (2)
1.22 Cash at end of quarter 1,684 1,684
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 1,905
in item 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
Directors fees - $38K.
Payments to Sekoko Resources (director related entity) pursuant
to JV agreements and for costs
incurred for and on behalf of FSE - $1,867K
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
N/A
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
N/A
Financing facilities available
Add notes as necessary for an understanding of the position.
Amount Amount used
available $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 1,430
4.2 Development -
1,430
Total
Reconciliation of cash
Reconciliation of cash at the end of the Current Previous
quarter (as shown in the consolidated statement quarter quarter
of cash flows) to the related items in the $A`000 $A`000
accounts is as follows.
5.1 Cash on hand and at bank 1,684 1,527
5.2 Deposits at call - -
5.3 Bank overdraft - -
5.4 Other - -
Total: cash at end of quarter (item 1,684 1,527
1.22)
Changes in interests in mining tenements
Tenement Nature of Interest Interest
reference interest at at end of
(note (2)) beginning quarter
of quarter
6.1 Interests in Nil
mining
tenements
relinquished,
reduced or
lapsed
6.2 Interests in Nil
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 Issue Amount
quoted price per paid up
security per
(see note security
3) (cents) (see note
3) (cents)
7.1 Preference
+securities Nil Nil
(description)
7.2 Changes during
quarter Nil Nil
(a) Increases
through issues
(b) Decreases
through returns
of capital, buy-
backs,
redemptions
7.3 +Ordinary
securities 2,331,300,464 2,331,300 Fully Paid
FSE .464
7.4 Changes during
quarter
(a) Increases - -
through issues - -
(b) Decreases
through returns
of capital, buy-
backs
7.5 +Convertible - - - -
debt securities
Unsecured
Convertible
Notes - each
converting to
12.5M ordinary
shares and
paying a coupon
interest rate of
10% pa
7.6 Changes during
quarter
(a) Increases 9 Nil $500,000 $500,000
through issues each each
(b) Decreases
through
securities
matured,
converted FSEAQ
7.7 Options Exercise Expiry
FSEAK 30,000,000 Nil Price 30 Nov
FSEAM 110,000,000 Nil 5 cents 2012
FSEAO 96,904,767 Nil 6 cents 31 May
FSEAI 25,875,000 Nil 6 cents 2013
6 cents 30 Jun
2013
30 Jun
2014
7.8 Issued during - - - -
quarter - FSEAI
7.9 Exercised during - - - -
quarter FSEAI
7.10 Expired during - - - -
quarter
7.11 Debentures - -
(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.
Company Secretary
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.
Pretoria
29 April 2010
Sponsor
River Group
Date: 29/04/2010 08:13:02 Produced by the JSE SENS Department.
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