Ann: Quarterly Report and Appendix 5B, page-2

Oliffes Dam at last!

Exploration.
Millers Creek:
'Once the Farm-in Agreement is finalised, it is anticipated that rapid progress will be made towards commencement of drilling in Q1, 2015.'

Financial:
'In November 2013, Maximus received 25 million FPO shares in Terramin Australia
. . . . . . an off-market sale completed on 6 November to
representatives of the board and senior management of Terramin Australia.
The sale price was determined using the five day volume weighted average price (VWAP) method realising $1.602 million to Maximus.'


For the quarter $000:
Payments for
exploration & evaluation (56)
administration (256).

Est. next quarter $000:
exploration & evaluation (150)
administration (180).