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Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
30/9/2001 Appendix 5B Page 1
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
GLENGARRY RESOURCES LIMITED
ABN Quarter ended (“current quarter”)
40 009 468 099 31 March 2007
Consolidated statement of cash flows
Cash flows related to operating activities
Current quarter
$A’000
Year to date (9 months)
$A’000
1.1 Receipts from product sales and related debtors
- -
1.2 Payments for
(a) exploration and evaluation
(b) development
(c) production
(d) administration
(311)
-
-
(186)
(997)
-
-
(574)
1.3 Dividends received - -
1.4 Interest and other items of a similar nature
received
26 70
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Other - -
Net Operating Cash Flows
(471)
(1,501)
Cash flows related to investing activities
1.8 Payment for purchases of:
(a) prospects
(b) equity investments
(c) other fixed assets
-
-
(10)
(3)
-
-
(10)
(45)
1.9 Proceeds from sale of:
(a) prospects
(b) equity investments
(c) other fixed assets
-
-
-
-
-
1
1.10 Loans to other entities - -
1.11 Loans repaid by other entities - -
1.12 Other – security deposits - (14)
Net investing cash flows
(13)
(68)
1.13 Total operating and investing cash flows
(carried forward)
(484)
(1,569)
Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
Appendix 5B Page 2 30/9/2001
1.13 Total operating and investing cash flows
(brought forward)
(484)
(1,569)
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, etc. 11 1,643
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 – share issue costs (4) (102)
Net financing cash flows 7 1,541
Net increase (decrease) in cash held
(477)
(28)
1.20 Cash at beginning of quarter/year to date 1,924 1,475
1.21 Exchange rate adjustments to item 1.20 - -
1.22 Cash at end of quarter 1,447 1,447
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
106
1.24
Aggregate amount of loans to the parties included in item 1.10
1.25
Explanation necessary for an understanding of the transactions
All transactions with directors are on normal commercial terms
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
Sale of uranium assets on the Greenvale Project in North Queensland, carrying value of $0.25
million, for consideration of 750,000 Mega Uranium shares and a 1% net smelter return royalty on
any future uranium production. The share component of the consideration was valued at $5.02
million.
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
None
Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
30/9/2001 Appendix 5B Page 3
Financing facilities available
Add notes as necessary for an understanding of the position.
Amount available
$A’000
Amount used
$A’000
3.1 Loan facilities
Nil Nil
3.2 Credit standby arrangements
Nil nil
Estimated cash outflows for next quarter
$A’000
4.1 Exploration and evaluation
441
4.2 Development
-
Total 441
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 accounts is as follows.
Current quarter
$A’000
Previous quarter
$A’000
5.1 Cash on hand and at bank 98 5
5.2 Deposits at call 1,349 1,919
5.3 Bank overdraft - -
5.4 Other (provide details) - -
Total: cash at end of quarter (item 1.22) 1,447 1,924
Changes in interests in mining tenements
Tenement
reference
Nature of interest
(note (2))
Interest at
beginning
of quarter
Interest at
end of
quarter
6.1 Interests in mining
tenements relinquished,
reduced or lapsed
The Lynd
EPM 15049
Sold
100%
0%
6.2 Interests in mining
tenements acquired or
increased
Citadel NW
E45/2874
Citadel NE
E45/2901
Granted
Granted
0%
0%
100%
100%
Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
Appendix 5B Page 4 30/9/2001
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 Issue price per
security (see note
3) (cents)
Amount paid up per
security (see note 3)
(cents)
7.1 Preference
+securities
(description)
7.2 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through returns
of capital, buybacks,
redemptions
7.3 +Ordinary
securities
247,927,528 247,927,528
7.4 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through returns
of capital, buybacks
100,000
100,000
11 cents
11 cents
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)
500,000
500,000
1,350,000
750,000
1,500,000
-
-
-
-
-
Exercise price
15 cents
15 cents
11 cents
13 cents
15 cents
Expiry date
30 June 2007
1 September 2007
10 April 2011
10 April 2011
10 April 2011
7.8 Issued during
quarter
- -
7.9 Exercised during
quarter
100,000 - 11 cents
7.10 Expired during
quarter
1,050,000 -
7.11 Debentures
(totals only)
Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
30/9/2001 Appendix 5B Page 5
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: 23 April 2007
(Company Secretary)
Print name: Geoff James
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.
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