quarterly report

QUARTERLY REPORT
for the three months ending 30 September 2010

HIGHLIGHTS

SIHAYO PUNGKUT GOLD PROJECT, INDONESIA (75%)

Infill and extension drilling during the quarter at the Sihayo resource continued to intersect further zones of significant mineralisation and strongly supports the likelihood of future upgades to the JORC compliant resource estimate of:
Sihayo resource: 9.6Mt at 3.0g/t Au for 910,000 oz
Total project resource: 10.7Mt at 2.9g/t Au for 1.01 million oz
Significant drill results included:
?X SHDD 389 ?V 29m at 6.98 g/t Au from 0m
?X SHDD 391 ?V 6m at 4.07 g/t Au from 9m
?X SHDD 121 ?V 10m at 3.02 g/t Au from 82m and
5m at 4.03 g/t from 96m
?X SHDD 378 ?V 4m at 4.81 g/t Au from 24m
?X SHDD 381 ?V 16m at 5.14 g/t Au from 257m
?X SHDD 398 ?V 13m at 5.46 g/t Au from 4m
?X SHDD 395 ?V 13m at 3.87 g/t Au from 45m
?X SHDD 396 ?V 14m at 3.26 g/t Au from 28m
?X SHDD 402 ?V 8m at 4.30 g/t Au from 28m
?X SHDD 407 - 3m @ 4.96 g/t Au from 40m and
2m @ 4.45 g/t Au from 104m and
10m @ 2.28 g/t Au from 109m and
4m @ 1.52 g/t Au from 122m

CORPORATE AUD$10.8 million capital raising at AUD$0.14c per share, fully underwritten by Summit Investments Pty Ltd. Mr Graham Petersen appointed Chief Geologist of PT Sorikmas Mining and Mr Danny Nolan appointed Chief Financial Officer of Sihayo Gold Limited and PT Sorikmas Mining. Company ended the September Quarter with AUD$3.3 million in cash and is debt free. Subsequent to the quarter end the final tranche of the AUD$10.8 million capital raising was completed and the Company??s cash balance now stands at AUD$8.0 million.
__________________________________________________________________________________
2 www.sihayogold.com
REVIEW OF OPERATIONS
1. Sihayo Pungkut Gold Project, Sumatra (75%)
Following the release of the new upgraded JORC compliant resource estimate on 14th July 2010, ongoing resource definition and extension drilling continued throughout the September quarter with a total of 4,680m completed. The September quarter contained the religious holiday period for Indonesia and as such overall activity levels were lower than normal.
The resource definition and extension program with up to four diamond drill rigs has focused on the northern lode adjacent to the main Sihayo resource and dependent upon final assay results for all holes, it is expected this zone of mineralisation will form the basis for the first incremental increase of the Sihayo JORC compliant resource estimate.
On completion of the northern lode drilling, diamond drilling will continue as a combination of resource definition and exploration drilling along strike from the Sihayo resource. The drill program will be a combination of extending existing drill holes to seek preferential lithological boundaries that potentially host gold bearing jasper and new holes to test extensions of known mineralisation.
The possible northwest and southeast extensions of the Sihayo resource, represent a combined strike length of approximately 4.5km.
Upgraded detailed geological modelling of the Sihayo deposit has identified that lithological contacts have acted as dominant conduits of hydrothermal fluids. These fluids have precipitated economic jasper lodes through replacement of calcareous stratigraphy in three hard rock primary settings;
1. Tertiary-Permian unconformity,
2. Contacts between volcanic lavas and enclosing calcareous sediments, and
3. Contacts between marble and silty limestone.
A fourth setting of economic mineralisation (post surface weathering of primary lodes) is oxidised zones of surface regolith gold mineralisation occurring in modern karst environments.
The three re-entry holes completed so far: SHDD121, SHDD122 and SHDD114 have all successfully intersected mineralisation at the lithological boundary. These results confirm the geological modelling that identified multiple hard rock primary settings hosting gold bearing economic jasper lodes. There are a total of 29 re-entry holes designated that have potential to further define mineralisation.
Table 1 and 2 below summarise significant results for drill holes SHDD378 to SHDD412 and re-entry holes SHDD121,SHDD122 and SHDD114.
Figure 1 is a surface plan showing the current Sihayo and Sambung resource outlines, reported significant results outside the current resource boundary and the proposed ongoing drill plan for the current quarter.
1.1 Regional Exploration
Detailed mapping and sampling of the Tambang Tinggi prospect confirms that gold mineralisation identified in previous scout drilling (112.6m @ 1.52 g/t Au from surface including 25m @ 4.58 g/t Au from 31m - TTDD002) is part of a large mineralised system.
The prospect covers an area of approximately 2.8km east to west and 1.6km north to south. Within this area are extremely encouraging gold and copper results in drilling, rocks and soil samples. Gridding has been completed for an IP survey designed to assist in targeting diamond drilling to test known surface mineralisation and to potentially identify new mineralised systems.
During 2005, scout drilling (5 diamond drill holes for 634m) yielded a best intercept of 112.6m @ 1.52 g/t Au from surface, including 25m @ 4.58 g/t Au from 31m. Mineralisation is open along strike and at depth.
Exploration work to date over the Tambang Tinggi prospect is summarised in Figures 2 and 3.
The Tambang Tinggi area is underlain by intercalated andesitic volcanics and limestones. Younger dacitic volcanics and sandy conglomerates overlie the andesite / limestone sequence. A hornblende diorite, weakly to moderately magnetic, has intruded the andesite / limestone sequence. Areas of high magnetic response (Figure 3) appear to be later intrusives within the hornblende diorite.
__________________________________________________________________________________
3 www.sihayogold.com
Tambang Tinggi mineralisation is intrusive related with styles observed to date, including;
- Silica-sericite-pyrite-bornite-chalcopyrite-pyrite-tourmaline alteration with limonite veins / fractures hosting gold;
- Multi phase quartz veins that host chalcopyrite, bornite, tetrahedrite, arsenopyrite and yield up to 31 g/t Au and 0.9% Cu in rock chips;
- Intermittent quartz veins in andesitic volcanics that contain up to 20.1 g/t Au; and
- Copper skarn mineralisation with up to 4.7% copper and anomalous gold in rock and float samples.
Drilling is planned to commence in late 2010.
Below is a summary of prospects, in addition to Tambang Tinggi, that are currently being prepared for exploration or exploration has commenced:
Sihayo Pungkut extensions
Grid establishment is underway for an IP survey to aid in drill targeting along strike and at depth from the current Sihayo and Sambung Resources;
Huatabargot Julu
The Hutabargot Julu prospect is an epithermal gold style propsect with multiple sub-parallel veins that have yielded historic drill intercept of 5m @ 37.7 g/t from 47m. The prospect is located approximately 7km southeast of the main Sihayo resource and exploration commenced in October 2010. This initial work program will consist of grid re-establishment for soil / IP surveys and geological mapping to aid in drill target definition;
Tarutung
The Tarutung prospect is characterised by classic banded epithermal quartz vein float and outcrop that has assayed up to 167 g/t Au and 384 g/t Ag, within a 350m long section of a 1.2km long, NNW trending clay-pyrite alteration zone. Historic trenching contained an intersection of 5m @ 57.7 g/t Au and 312 g/t Ag.
Land owner socialisation is in progress to gain access for grid re-establishment and an IP survey as a lead up to drilling.
An airborne magnetic and radiometric survey over the entire COW has been contracted and depending on final permits shall commence in late October or early November. The airborne survey will have a particular emphasis on known porphyry copper gold style targets such as; Singalancar, Rura Balancing, Namilas, Siandon and Mandagang.
1.2 Definitive Feasibility Study (??DFS??)
The DFS has progressed well during the Quarter and remains on schedule for December 2010 completion.
The JORC compliant resource estimate final report was completed by Runge Limited.
Metallurgical test work being completed by Ammtec and managed by Alan Bax of Ozmet is near completion with results confirming a standard CIL process is required.
Orway Mineral Consultants (??OMC??) have completed the mill sizing for the plant.
With the completion of the resource model, Minesure are now working to complete the mine model with costing to determine the best mine plan for the resource.
GHD have completed the geotechnical study and design for the tailings dam site and will commence the infrastructure geotechnical soon.
Water Management Consultants are working to complete the site water balance and discharge treatment requirements.
Contromation, a Jakarta based engineering group, continue to work on overall DFS engineering and are well placed to complete the DFS within the stated time frame.
Golder and Associates have completed the environmental baseline study and now completing the full AMDAL study as required by Indonesian regulations.
Indonesian consulting engineers, PT. Indra Karya (??PTIK??) in association with engineering firm SMEC (Snowy Mountains Engineering Corporation), has been engaged to conduct a detailed Feasibility Study into the potential supply of hydro electric power to the Sihayo Pungkut gold project. The feasibility study is due for completion by
__________________________________________________________________________________
4 www.sihayogold.com
the end of January 2011. Based upon a positive feasibility study result, it is estimated that hydro electric power could be available to the Sihayo Pungkut gold project within 24 months thereafter. The potential hydro electric power plant would be a ??run-of-river?? project with no requirement for daming the river.
2.0 Malawi (Uranium) 100%
No activities were carried out during the Quarter.
The Company submitted a request for renewal of the exploration licences until mid 2011 and is currently awaiting confirmation of the extensions.
3.0 India (Diamonds) 9-10%
No progress has been made during the Quarter in resolving the legal status of the diamond tenements in India.
The Company remains relatively optimistic that its Indian JV Partner will be successful in gaining access to the tenement and application areas in the future. In the meantime, there is minimal cost to Sihayo in maintaining its current equity position.
4.0 Corporate Activities
On the 28th July 2010, the Company announced a fully underwritten private placement of 76.9 million shares at AUD$0.14c per share to raise AUD$10.8 million. During the Quarter, 38.45 million shares issued at AUD$0.14c per share to raise AUD$5.4 million.
Mr. Graham Petersen joined as Chief Geologist of PT Sorikmas Mining, the 75% owned subsidiary of the Company, on 18th August 2010.
Mr. Danny Nolan was appointed as Chief Financial Officer of the Company and PT Sorikmas Mining on 1st October 2010.
Subsequent Event
On the 26th October, the Company announced the completion of the final tranche of the fully underwritten, private placement of 76.9 million shares at AUD$0.14c per share to raise a total of AUD$10.8 million.
The Company??s cash balance is now AUD$8.0 million.
Yours faithfully,
SIHAYO GOLD LIMITED
Paul Willis
Chief Executive Officer
27th October 2010
Note 1: It is advised that in accordance with the Australian Stock Exchange Limited Listing Rule 5.6, the information in this report that relates to Exploration Results and Resources is based on information compiled by Mr Graham Petersen, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Petersen, is theChief Geologist of PT Sorikmas Mining, the 75% owned subsidiary of Sihayo Gold Limited. Mr Petersen has sufficient experience which is relevant to the style of mineralisation and type of deposit which is under consideration and to the activity which Sihayo Gold is undertaking to qualify as ??Competent Persons?? as defined in the 2004 Edition of the ??Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves??. Mr Petersen consents to the inclusion in this report of the matters based on information in the form and context in which it appears.
Note 2: All statements in this report, other than statements of historical facts that address future timings, activities, events and developments that the Company expects, are forward looking statements. Although Sihayo Gold Ltd, its subsidiaries, officers and consultants believe the expectations expressed in such forward looking statements are based on reasonable expectations, investors are cautioned that such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements. Factors that could cause actual results to differ materially from forward looking statements include, amongst other things commodity prices, continued availability of capital and financing, timing and receipt of environmental and other regulatory approvals, and general economic, market or business conditions.
__________________________________________________________________________________
5 www.sihayogold.com
HOLE ID EAST UTM NORTH UTM AZI DIP FROM TO INTERCEPT (M) Au g/t INSIDE OR OUTSIDE CURRENT RESOURCE
Re-entry SHDD121
547971
102984
0
-90
82
92
10
3.02
Outside
Re-entry SHDD121
547971
102984
0
-90
96
101
5
4.03
Outside
SHDD378
547587
103172
0
-90
24
28
4
4.81
Outside
SHDD381
548416
102343
0
-90
257
273
16
5.14
Outside
SHDD384
547761
102728
0
-90
14
23
9
2.99
Outside
SHDD384
547761
102728
0
-90
27
34
7
1.68
Outside
SHDD384
547761
102728
0
-90
52
53
1
1.51
Outside
SHDD385
548166
102844
0
-90
117
118
1
1.05
Outside
SHDD388
547886
102649
0
-90
35
37
2
2.93
Outside
SHDD392
548099
102831
0
-90
77
79
2
3.96
Outside
SHDD393
548079
102881
0
-90
43
47
4
2.47
Outside
SHDD394
548007
102952
0
-90
35
42
7
2.80
Outside
SHDD394
548007
102952
0
-90
49
50
1
1.15
Outside
SHDD395
548051
102883
0
-90
45
58
13
3.87
Outside
SHDD396
547990
102928
0
-90
28
42
14
3.26
Outside
SHDD396
547990
102928
0
-90
66
67
1
1.51
Outside
SHDD397
548043
102861
0
-90
36
38
2
1.82
Outside
SHDD397
548043
102861
0
-90
44
46
2
2.64
Outside
SHDD397
548043
102861
0
-90
58
60
2
1.39
Outside
SHDD398
547979
102906
0
-90
4
17
13
5.46
Outside
SHDD399
548039
102914
0
-90
35
42
7
2.97
Outside
SHDD400
547960
102886
0
-90
69
70
1
1.03
Outside
SHDD400
547960
102886
0
-90
72
74
2
1.91
Outside
SHDD402
548004
102878
0
-90
28
36
8
4.30
Outside
SHDD379
547646
103070
0
-90
50
56
6
1.59
Inside
SHDD379
547646
103070
0
-90
59
60
1
1.56
Inside
SHDD383
547710
102764
0
-90
0
8
8
2.89
Inside
SHDD383
547710
102764
0
-90
18
21
3
1.86
Inside
SHDD384
547761
102728
0
-90
2
3
1
3.56
Inside
SHDD384
547761
102728
0
-90
6
10
4
1.66
Inside
SHDD386
548391
102479
0
-90
140
142
2
1.26
Inside
SHDD387
547836
102666
0
-90
0
4
4
1.30
Inside
SHDD387
547836
102666
0
-90
10
12
2
3.28
Inside
SHDD387
547836
102666
0
-90
29
30
1
1.01
Inside
SHDD388
547886
102649
0
-90
0
8
8
3.17
Inside
SHDD388
547886
102649
0
-90
14
16
2
1.12
Inside
SHDD389
547924
102460
0
-90
0
29
29
6.98
Inside
SHDD391
548236
102683
0
-90
9
15
6
4.07
Inside
Table 1: Summary of gold intercepts (1 g/t Au and above) in SHDD378 to SHDD402 & Re-entry of SHDD121.
__________________________________________________________________________________
6 www.sihayogold.com
HOLE ID EAST UTM NORTH UTM RL m ASL AZI DIP FROM TO INTERCEPT (M) Au g/t INSIDE OR OUTSIDE CURRENT RESOURCE
SHDD403
547995
102799
1111
0
-90
75
76
1
1.07
Outside
SHDD407
547977
102999
1086
0
-90
40
43
3
4.96
Outside
104
106
2
4.45
109
119
10
2.28
122
126
4
1.52
SHDD408
548071
102955
1077
0
-90
27
36
9
1.80
Outside
41
44
3
1.69
50
51
1
1.19
97
98
1
1.30
SHDD409
548020
102963
1086
0
-90
33
42
9
1.19
Outside
71
73
2
1.28
83
86
3
1.36
104
108
4
1.82
SHDD122 -Reenter
547966
102965
1085
0
-90
107
109
2
1.48
Outside
112
120
8
2.11
137
149
12
3.60
SHDD412
547972
103066
1062
0
-90
147
149
2
1.17
Inside
SHDD114 -Reenter
547924
103089
1064
0
-90
136
138
2
1.65
Inside
Table 2: Summary of gold intercepts (1 g/t Au and above) for holes SHDD403 to SHDD412 and including re-entry of holes SHDD122 and SHDD114.
Notes
1. All assays determined by 50gm fire assay with AAS finish by Intertek- Caleb Brett Laboratories of Jakarta
2. Lower cut of 1.0ppm Au used
3. A maximum of 2m of consecutive internal waste (material less than 1.0ppm Au) per reported intersection
4. All interval grades were calculated as a weighted average
5. All intervals reported as down hole lengths
6. Sampling regime as quarter core for PQ and half core for NQ and HQ diameter core
7. Quality Assurance and Quality Control (QAQC):
8. Coordinates in UTM grid system
__________________________________________________________________________________
7 www.sihayogold.com
Figure 1: Sihayo and Sambung Resource outline and results outside the current resource boundaries
Figure 2: Tambang Tinggi surface plan outlining prospects and work to date
__________________________________________________________________________________
8 www.sihayogold.com
Figure 3: Tambang Tinggi Prospect TMI
Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
30/9/2001 Appendix 5B Page 1
Listing 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
SIHAYO GOLD LIMITED
ABN
Quarter ended (??current quarter??)
77 009 241 374
30 SEPTEMBER 2010
Consolidated statement of cash flows
Cash flows related to operating activities
Current quarter
$A
Year to date
(3 months)
$A
1.1
Receipts from product sales and related debtors
-
-
1.2
Payments for (a) exploration and evaluation
(b) development
(c) production
(d) administration
(2,949,152)
-
-
(501,528)
(2,949,152)
-
-
(501,528)
1.3
Dividends received
-
-
1.4
Interest and other items of a similar nature received
4,158
4,158
1.5
Interest and other costs of finance paid
-
-
1.6
Income taxes paid
-
-
1.7
Other (provide details if material)
-
-
Net Operating Cash Flows
(3,446,522)
( 3,446,522)
Cash flows related to investing activities
1.8
Payment for purchases of: (a)prospects
(b)equity investments
(c) other fixed assets
-
-
(223,591)
-
-
(223,591)
1.9
Proceeds from sale of: (a)prospects
(b)equity investments
(c)other fixed assets
-
-
-
-
-
-
1.10
Loans to other entities
-
-
1.11
Loans repaid by other entities
-
-
1.12
Other ?V cash acquired on purchase of subsidiary
-
-
Net investing cash flows
(223,591)
(223,591)
1.13
Total operating and investing cash flows (carried forward)
(3,670,113)
(3,670,113)
Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
30/9/2001 Appendix 5B Page 2
1.13
Total operating and investing cash flows (brought forward)
(3,670,113)
(3,670,113)
Cash flows related to financing activities
1.14
Proceeds from convertible notes issued
-
-
1.14
Proceeds from issued shares
5,670,019
5,670,019
1.14
Proceeds from shares to be issued through SPP
-
-
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 ?V cost of share issue
(3,290)
(3,290)
Net financing cash flows
5,666,729
5,666,729
Net increase (decrease) in cash held
1,996,616
1,996,616
1.20
Cash at beginning of quarter/year to date
1,400,090
1,400,090
1.21
Exchange rate adjustments to item 1.20
(45,420)
(45,420)
1.22
Cash at end of quarter
3,351,286
3,351,286
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
1.23
Aggregate amount of payments to the parties included in item 1.2
111,639
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
NOT APPLICABLE
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
NOT APPLICABLE
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
Amount used
$A
3.1
Loan facilities
-
-
3.2
Credit standby arrangements
-
-
Estimated cash outflows for next quarter
$A
4.1
Exploration and evaluation
3,000,000
4.2
Development
-
4.3
Production
-
4.4
Administration
300,000
Total
3,300,000
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 accounts is as follows.
Current quarter
$A
Previous quarter
$A
5.1
Cash on hand and at bank
3,307,422
1,356,226
5.2
Deposits at call ?V Bank Guarantee
- Term Deposit
20,000
23,864
20,000
23,864
5.3
Bank overdraft
-
-
5.4
Other ?V Share Purchase Plan A/c
-
-
Total: cash at end of quarter (item 1.22)
3,351,286
1,400,090
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
-
-
-
-
6.2
Interests in mining tenements acquired or increased
-
-
-
-
Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
30/9/2001 Appendix 5B Page 4
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, buy-backs, redemptions
7.3
+Ordinary securities
557,017,808
557,017,808
N/A
N/A
7.4
Changes during quarter
(a) Increases through exercise of options
(b) Decreases through returns of capital, buy-backs
4,500,000
1,000,000
$0.05
$0.05
$0.05
$0.05
7.5
+Convertible debt securities (Convertible Notes)
7.6
Changes during quarter
(a) Increases through issues
(b) Decreases through securities matured, converted
38,450,000
$0.14
$0.14
7.7
Options (description and conversion factor)
13,280,376
8,500,000
9,109,116
7,500,000
2,000,000
2,000,000
2,000,000
2,000,000
3,000,000
1,500,000
1,500,000
13,280,376
Exercise price
$0.20
$0.15
$0.05
$0.05
$0.075
$0.10
$0.10
$0.125
$0.10
$0.135
$0.15
Expiry date
31/01/2011
31/05/2013
31/08/2011
26/08/2011
30/06/2012
30/06/2013
30/06/2012
30/06/2013
31/05/2012
31/07/2012
31/07/2013
Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
30/9/2001 Appendix 5B Page 5
7.8 Issued during
quarter
2,000,000
2,000,000
3,000,000
1,500,000
1,500,000
Exercise Price
$0.10
$0.125
$0.10
$0.135
$0.15
Expiry Date
30/06/2012
30/06/2013
31/05/2012
31/07/2012
31/07/2013
7.9 Exercised during
quarter
4,500,000
1,000,000
-
-
Exercise Price
$0.05
$0.05
Exercise Date
17/09/2010
09/08/2010
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 /does not* give a true and fair view of the matters disclosed.
Sign here: ............................................................ Date: 27 October 2010
(Company Secretary)
Print name: DEAN CALDER
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.
== == == == ==