LIO - the ASX listing rules in questionQuarterly activity...

LIO - the ASX listing rules in question

Quarterly activity reports by mining exploration entities

5.3 A mining exploration entity must complete a report for each quarter of its financial year and give it to ASX for release to the market at the same time as it gives its Appendix 5B for that quarter under rule 5.5. The report must include all of the following information for the group comprising the entity and its +child entities on a consolidated basis.

5.3.1 Details of its mining +exploration activities for the quarter, including any material developments or material changes in those activities, and a summary of the expenditure incurred on those activities. If there were no substantive mining +exploration activities during the quarter, that fact must be stated.

5.3.2 Details of its mining production and development activities for the quarter and a summary of the expenditure incurred on those activities. If there were no substantive mining production and development activities during the quarter, that fact must be stated.

5.3.3 Details of:•any +mining tenements +acquired or +disposed of during the quarter and their location;•the +mining tenements held at the end of the quarter and their location;•any farm-in or farm-out agreements it entered into during the quarter; and•the beneficial percentage interests it held at the end of the quarter in farm-in or farm-out agreements.

5.3.4 If the quarter is included in a period covered by a “use of funds” statement or expenditure program in the +prospectus, +PDS or +information memorandum lodged by the entity with ASX under rule 1.1 condition 3, a comparison of the entity’s actual expenditure on the individual items in the “use of funds” statement or expenditure program since the date of its admission or re-admission to the official list against the estimated expenditure on those items in the “use of funds” statement or expenditure program in the +prospectus, +PDS or +information memorandum and an explanation of any material variances

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