QUARTERLY REPORTFor three months ending September...

QUARTERLY REPORT
For three months ending September 2007
HIGHLIGHTS
PUNGKUT GOLD PROJECT, INDONESIA (75%)
ï Exploration focused on the objective of adding to the existing inferred resources at Sihayo 1
North and Sambung in the North Block.
ï Drilling at Sihayo 1 North intersects significant gold mineralisation immediately adjacent to
the resource. Drilling continues.
ï Channel sampling of epithermal veins at the Hutabargot Julu prospect returns encouraging
gold assay results. Drill testing for high grade shoots has commenced.
MALAWI
ï Commencement of work at Mzimba Northwest uranium project area (Oropa 100%).
Potential for various uranium exploration styles based on existence of Karroo Sandstone and
underlying unconformity settings in Precambrian basement rocks.
Roll-front style uranium mineralisation
Unconformity style uranium mineralisation
ï Applications for one more EPL in central Malawi under Ministerial consideration.
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1. CORPORATE
On 17 October 2007, the Company announced that it had raised interim working capital of $463,525.00 before
costs via a placement of 10,300,555 ordinary fully paid shares to overseas and sophisticated investors. Oropa is
applying these funds towards ongoing drilling at its Sihayo 1 North and Hutabargot Julu prospects at its 75%
owned Pungkut gold project in Indonesia, plus funding the establishment of its field operations in Malawi
including initial exploration sampling programs at its Mzimba Northwest uranium prospect.
2. REVIEW OF OPERATIONS
2.1 INDONESIA
Pungkut Gold Project, Sumatra (75%)
Following the appraisal of the Pungkut project by Richard Sillitoe early in the quarter, Oropa’s near term
exploration objective is now clearly focused on increasing the gold resource base in the Sihayo 1 North -
Sambung gold trend that extends to the Hutabargot Julu epithermal quartz veins prospect which is centred
approximately 6 kilometres south-east of Sambung.
Figure 1: Pungkut project area North Sumatra, showing principal prospects
Activities – Northern Block:
Sihayo 1 North:
�� 8 diamond drill holes (506.8m) completed.
�� Drilling in progress to west of existing Inferred Resource.
Sihayo 1:
�� 3 diamond drill holes (191.5m) completed.
�� Drill testing of a 1,400 metre-long coincident geophysical Induced Polarisation (“IP”) and gold in soil
anomaly.
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Hutabargot Julu:
�� Rock sampling and mapping of epithermal quartz veins exposed in historic Dutch exploration tunnels.
�� Selection of drill targets for the Sarahan vein and drill rig mobilisation.
Figure 2: Sihayo – Sambung – Hutabargot Julu gold trend, North Block, Pungkut Project
Sihayo 1 North
Drilling to the west of the Sihayo 1 North Inferred Resource has returned some significant jasperoid intersections
and demonstrated that mineralisation extends up to 100m beyond the current resource outline. Results are
summarised in Table1; highlights include:
SHDD081: 32m @ 3.87 g/t Au from 14m
SHDD085: 15m @ 1.99 g/t Au from 23m
SHDD087: 22m @ 2.87 g/t Au from surface
SHDD094: 10m @ 3.62 g/t Au from 25m
SHDD095: 8m @ 2.17 g/t Au from surface
SHDD096 has intersected 5.2m of jasperoid from 8.6m depth, assay results pending.
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Mapping and test pitting has revealed jasperoid float to the west of the current drilling along the slopes of the
Sihayo ridge.
Drilling continues with objective of outlining the extent of significant additional mineralisation prior to
recalculation of the Sihayo 1 North Inferred Resource which currently stands at 7.1Mt @ 2.7 g/t Au containing
approximately 610,000 oz Au.
Table 1: Sihayo 1 North Drill Hole Locations and Mineralised Intersections
Hole No. UTM N UTM E RL Azimuth Dip Total Depth From To M Au g/t
SHDD081 102471 547951 1185 300 -70 89.65 10 11 1 2.97
14 46 32 3.87
55 60 5 0.73
65.8 68 2 1.42
SHDD085 102412 547971 1172 300 -70 70 23 38 15 1.99
SHDD087 102402 547929 1150 270 -70 63.5 0 22 22 2.87
SHDD089 102512 547969 1204 300 -70 62.7 19 23 4 1.64
29 34 5 0.83
36.8 39 2.2 2.87
40.35 43 2.65 3.38
61.3 62.7 1.4 1.17
SHDD090 102528 547916 1177 40 -70 70 11 12 1 1.37
21 22 1 1.29
SHDD092 102544 547848 1171 0 -90 66 3 4 1 1.92
SHDD093 102562 547795 1152 0 -90 70.4 2 21 19 3.98
SHDD094 102587 547769 1151 40 -70 63.2 14 22 8 1.02
25 35 10 3.62
Including 29 32 3 8.5
38 39 1 1.28
SHDD095 102538 547723 1107 40 -70 50 0 8 8 2.17
Including 5 7 2 4.27
39.3 40.3 1 0.79
SHDD096 102577 547688 1115 40 -70 61 assay results pending
SHDD097 102594 547664 1118 40 -70 - drilling in progress
Notes for Tables 1 & 2
1. All assays determined by 50gm fire assay with AAS finish by Intertek - Caleb Brett Laboratories of Jakarta
2. Lower cut of 0.5ppm Au used
3. A maximum of 2m of consecutive internal waste (material less than 0.5ppm Au) per reported intersection
4. All interval grades were calculated as a weighted average
5. All intervals reported as down hole lengths
6. Drilling by diamond core PQ and HQ diameter
7. Sampling regime as half core for PQ diameter core and half core for HQ diameter core
8. Quality Assurance and Quality Control (QAQC):
Gold intersections reported have been verified by the company’s QAQC protocols, which include routinely inserted standards. All samples from drill
holes are prepared by Intertek – Caleb Brett and pulverized to 90% assign 75 microns then analysed for gold usingFire Assay methods.
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Figure 3: Sihayo 1 North Inferred Resource Plan
Figure 3a: Sihayo 1 North (Inset Plan) Drill Hole Location
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Sihayo 1
Drilling at Sihayo 1 has targeted a large (1,400m by 150m) IP geophysical anomaly with coincident soil anomaly
averaging 0.24 g/t Au and sporadic jasperoid outcrop. A line of 3 drill holes (SHDD086, 088, 091) has been
completed across a peak soil anomaly of 1.61 g/t Au. This brings the total drilling of this target to 7 holes along 2
lines 300m apart. New results, shown in Table 2, and previously reported results (best intersection of 5m @ 2.46
g/t Au in SHDD080) do not warrant immediate follow-up and drilling here has been suspended and the drill rig
moved to the Hutabargot Julu prospect.
Table 2: Sihayo 1 Geophysical Anomaly Drill Hole Locations and Mineralised Intersections
Hole No. UTM N UTM E RL Azimuth Dip Total
Depth
From To M Au g/t
SHDD082 100977 548638 1176 220 -70 69.5 5 10 5 0.59
SHDD083 100944 548609 1164 220 -70 20.4 no significant assays
SHDD084 101053 548704 1221 220 -70 70 34 36 2 1.03
55 56 1 1.33
64.25 65.25 1 1.09
SHDD086 101162 548420 1214 220 -70 64 no significant assays
SHDD088 101119 548385 1184 220 -70 66 4 5 1 1.6
26 27 1 1.01
SHDD091 101081 548352 1151 220 -70 61.5 no significant results
Figure 4: Sihayo 1 Drill Location Plan and IP Geophysical Anomaly over Soil Grid (Au g/t).
Hutabargot Julu
The Hutabargot Julu prospect comprises north striking epithermal quartz veins of up to 3km inferred strike length
at the south-eastern end of the Sihayo-Sambung gold trend (Figure 2). Historical Dutch reports record vein widths
of up to 3m averaging 20 g/t Au from exploration tunnels. The Sarahan vein adits and drives were located and
where safely accessible mapped and the veining and wallrock sampled (52 channel samples mostly of length 1
metre or 2 metres, total length sampled 78.7 metres; and 5 grab samples). Six grab samples were collected from
the Sihorbo vein (2 surface outcrop and 4 adit samples), and 2 from the Sisangkil adit. Samples were analysed at
Intertek - Caleb Brett laboratories in Jakarta.
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Results highlights:
Sarahan Vein channel samples (across-strike from various locations within 275m of vein strike – Figure 5)
• 2m @ 17.5 g/t Au & 102 g/t Ag; 2m @ 4 g/t Au & 22 g/t Ag (contiguous samples)
• 2m @ 9.8 g/t Au & 24 g/t Ag; 2m @ 5.32 g/t Au & 12 g/t Ag ( “ “ )
• 1m @ 7.48 g/t Au & 18 g/t Ag; 1m @ 2.5 g/t Ag & 5 g/t Ag ( “ “ )
• 2m @ 3.25 g/t Au & 22 g/t Ag.
Length weighted average grades of all 52 samples; 1.82 g/t Au & 10 g/t Ag.
Sihorbo Vein grab samples
• 24.6 g/t Au & 261 g/t Ag (creek outcrop; quartz vein with sulphides and silicified dacitic volcaniclastic)
• 2.85 g/t Au & 21 g/t Ag (main adit; quartz vein with manganese oxides & sulphide spots)
• 1.97 g/t Au & 76 g/t Ag (banded quartz vein with traces of sulphides)
Sisangkil Adit
• 4.69 g/t Au & 16 g/t Ag (grab sample of banded quartz vein with manganese oxides)
These results confirm the information provided in the Dutch reports, and are considered to be very encouraging
especially due to the presence in the samples of banded chalcedony that may be indicative of shallow level
exposure with likely preservation of any high grade shoots. Accordingly and as also recommended by Dr. Sillitoe,
a drilling program to test the Sarahan vein system by close-spaced step-outs has recently commenced (diamond
drill hole HUTDD001, in progress).
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Figure 5: Sarahan Vein rock sampling results and drill plan
Activities – Southern Block:
No significant activities in southern block during the September quarter.
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2.2 MALAWI
Uranium Exploration in Malawi
During the past 18 months, the Southern African country of Malawi has gained some significant prominence as an
emerging uranium region with an increase in exploration activities from several foreign explorers including
Paladin (Africa) Ltd. (“Paladin”) with its advanced Kayelekera uranium deposit – 25.08 million lbs U3O8)
(“Kayelekera”). Paladin has recently commenced the development of Kayelekera where roll-front style
mineralisation is hosted within the Karroo sandstone, mudstone and carbonaceous sediments. The project is
scheduled to be commissioned in late 2008 with a forecast annual production of 3.3Mlbs of U3O8 over a mine life
of 7 years based reportedly on proven and probable ore reserves of 10.46Mt at 0.108% U3O8. As is evidenced by
the number of applications being granted by the Government of Malawi, mineral exploration in the country is on
the increase and it is important to explorers that the government permits the mining of uranium to develop the
country’s export earnings.
Aside from the Kayelekera deposit, most other uranium mineralisation occurrences presently known in Malawi
are based on historical records. These include uranium and niobium mineralisation hosted by nepheline syenite
complex intrusions. In the far north-west of the country at the Ilomba Hill locality surface trenching in the 1950s
investigated a radioactive zone where rock samples returned analyses up to 2.15% U3O8 and 7.50% Nb2O5
associated with uranian pyrochlore.
Oropa’s wholly owned subsidiary, Oropa Exploration Pty Ltd (“OEPL”) was granted two Exclusive Prospecting
Licences (“EPLs”) for uranium exploration in June 2007 over the Mzimba Northwest and Chitunde Project areas
covering a total of 2,365km2. Another EPL application covering the Chizani project area to the north and west of
Globe Uranium Limited’s (“Globe”) Kanyika EPL is currently under Ministerial consideration. At Kanyika,
Globe has recently announced the discovery of uranium-niobium-tantalum mineralisation intersected by RC
drilling up to 5m at 980 ppm U3O8, 24,919ppm Nb2O5 and Ta2O5 from 64m in RC drillhole KARC039.
OEPL has also been pursuing the rights to explore for uranium and other minerals to the exclusion of coal over
granted EPLs held by other local parties in areas underlain by Karroo sediments to the north and nearby to the
Kayelekera deposit. Currently, one Memorandum of Understanding (“MOU”) has been signed over one area
known as the Ngana Project area. A second MOU is presently at an advanced stage of negotiations.
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The following summaries provide a current synopsis of EPLs and progress made to date.
Mzimba Northwest Project
The Mzimba Northwest Project area comprises EPL0211/2007 which was granted for a period of three years and
which is situated in the north-central portion of Malawi, some 200km south south-west of Kayelekera. The EPL
covers an area of 2,169km2 and surrounds the provincial town of Mzimba. Mzimba Northwest is considered to
offer uranium exploration potential for hydrothermal and unconformity style uranium targets and offers the
possibility of discovering concealed Karroo sediments prospective for roll-front style uranium mineralisation
within low-lying areas of residual cover.
Following the granting of the two EPLs, OEPL commissioned two independent interpretive studies which have
recently been completed. They have prioritised exploration targets for ground investigation, which commenced
in late October. The first study undertaken by Southern Geoscience Consultants has considered radiometric data
available from a country-wide airborne survey conducted in 1984/85 by Hunting Geology and Geophysics
Limited based at the time in the United Kingdom. The second study by Richard Russell & Associates and
Mackay & Schnellmann Pty Limited focused on producing a geological interpretation on the project area based
on satellite imagery.
Exploration targets drawn from those studies along with the results obtained from the present pilot stream
sediment geochemical survey at Mzimba Northwest will form the basis of future ground follow-up work at this
EPL in early 2008.
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Chitunde Project
The Chitunde EPL is situated in the west-central sector of Malawi some 86km west north-west of the capital
Lilongwe. EPL0212/2007 constitutes the project area which covers an area of 196km2 and this licence has also
been granted for a three year period.
The focus of exploration within the Chitunde EPL is a prominent circular airborne radiometric anomaly
measuring some 4km in diameter coincident with a syenite intrusive complex. Similar intrusions in the north of
Malawi, notably the Ilomba Hill locality, are known to host uranium and niobium mineralisation.
Radiometric and satellite imagery covering the Chitunde Project area has recently been evaluated in order to rank
targets for future ground investigation.
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Chinzani Project Area
The Chizani Project area is currently under application. This area is situated in central Malawi nearby to Globe’s
multi-commodity Kanyika property where drilling of uranium-niobium-tantalum-zircon mineralisation hosted by
alkalic granitoid and pegmatitic zones is presently taking place. Recently granted EPLs in the district are also
held by CC Mining SA.
The Chizani Project area application covers approximately 1,283km2 of the structurally complex Malawi
Basement Complex composed of metamorphic rocks of both igneous and sedimentary origin belonging to the
Mozambique Orogenic Belt. A feature of this area is coverage of over 30km strike length of the Chimaliro fault
zone.
If this project area is granted, OEPL will become one of three explorers in the Kasungu area. The project area
will be investigated for multi-commodity mineralisation initially by multi-element stream sediment geochemistry
with support from the evaluation of regional radiometric data and geological interpretation of satellite imagery in
order to prioritise targets for ground follow-up.
Malawi Operations Start –up
OEPL has leased a transit base and office premises in Lilongwe. These premises will be used as the main
operations base for OEPL’s future operations in Malawi, with field bases to be established in areas proximal to
the EPLs.
OEPL’s personnel and consultants made several visits to Malawi during recent months to familiarise themselves
with the necessary protocols ahead of field operations and to obtain research data. Cordial meetings were held
with the District Commissioners, Police and provincial administrators in Mzimba and Mchinji districts to outline
planned field operations relevant to the granted Mzimba Northwest and Chitunde Project areas respectively.
OEPL’s field operations initially aimed at conducting pilot geochemical surveys over parts of the Mzimba
Northwest and Chitunde Project areas commenced in late October. These programs will continue through until
the onset of the wet season in late December.
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2.3 INDIA
Block D-7 Diamond Project, Chhattisgarh; (9% plus 9% buy back)
With little apparent progress towards an outcome to the protracted high court case in Chhattisgarh during the
quarter, Oropa continued to concentrate its exploration efforts at Pungkut and more recently, initiate an
exploration program at one of its Malawian uranium prospects. Taking into account the protracted delays with the
high court matter, Oropa decided not to contribute to a number of cash calls made by the Indian partners,
preferring to dilute its equity in B. Vijaykumar Exploration Pvt Ltd (“BVTS”) with the right to buy back the
additional 10% equity in BVTS at a future date. However, throughout the year Oropa has maintained regular
contact with its Indian joint venture partners and one of Oropa’s directors attended board meetings in Mumbai
during the quarter to obtain updates on the Block D-7 court case and the status of the two Krishna River
Reconnaissance Permit applications in Andhra Pradesh.
2.4 PROJECT EVALUATION
The Company’s ongoing geological appraisal of areas in Kenya and Malawi during late 2006 and early 2007
paid dividends with Oropa now holding two granted uranium leases in Malawi, with others under application
and/or under present negotiations. Additionally, Oropa has applied for an EPL with the Department of Mines in
Kenya for an area in the Rift Valley. Although numerous Indonesian coal projects have been assessed involving a
number of site visits to meet with project vendors and review historical data, the vast majority were discarded.
Having gained some experience from these previous efforts, Oropa has recently entered into more advanced
negotiations with two Indonesian groups in connection with two areas in East and South Kalimantan that exhibit
the potential to host medium to large coal resources, and which are reasonably accessible to the local ports. These
negotiations are ongoing.
PHILIP C CHRISTIE
Director
30 October 2007
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 for the
Pungkut Project, Indonesia, is based on information compiled by Mr. Roderick Jones, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr.
Jones is a full time employee of PT Sorikmas Mining (which is 75% owned by Oropa Limited) and has sufficient experience which is relevant to the style of
mineralisation and type of deposit which is under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004
Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Roderick Jones consents to the inclusion in this
report of the matters based on his information in the form and context in which it appears
Note 2: The contents of this report that relate to geology and historical exploration results in Malawi are based on information compiled by consulting geologist John Garlick
of Mackay & Schnellmann Pty Ltd, who is a Chartered Professional Geologist and fellow of the Australasian Institute of Mining and Metallurgy. Mr Garlick has
sufficient experience relevant to the style of mineralisation and types of deposits under consideration and to the activity being undertaken to qualify as a “Competent
Person” as defined in the 2004 edition of the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Resources. John Garlick consents to
the inclusion in this report of the matters compiled by him in the form and context in which they appear.
Note 3: 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 Oropa 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.
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
OROPA LIMITED
ABN Quarter ended (“current quarter”)
77 009 241 374 30 SEPTEMBER 2007
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
(651,663)
-
-
(199,932)
(651,663)
-
-
(199,932)
1.3 Dividends received - -
1.4 Interest and other items of a similar nature
received
12,569
12,569
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
(839,026) (2,942,310)
Cash flows related to investing activities
1.8 Payment for purchases of: (a)prospects
(b)equity investments
(c) other fixed assets
-
-
(8,874)
-
-
(8,874)
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 – cash acquired on purchase of subsidiary - -
Net investing cash flows
(8,874)
(8,874)
1.13 Total operating and investing cash flows
(carried forward)
(847,900)
(847,900)
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)
(847,900) (847,900)
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, etc. 47,397 47,397
1.15 Proceeds from sale of forfeited shares - -
1.16 Proceeds from borrowings - -
1.17 Repayment of borrowings (294) (294)
1.18 Dividends paid - -
1.19 Other – cost of share issue - -
Net financing cash flows 47,103 47,103
Net increase (decrease) in cash held
(800,797)
(800,797)
1.20 Cash at beginning of quarter/year to date 1,450,311 1,450,311
1.21 Exchange rate adjustments to item 1.20 (25,963) (25,963)
1.22 Cash at end of quarter 623,551 623,551
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
55,432
1.24
Aggregate amount of loans to the parties included in item 1.10
-
1.25
Explanation necessary for an understanding of the transactions
NOT APPLICABLE
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
300,000
4.2 Development
-
Total
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 574,101 900,861
5.2 Deposits at call – Bank Guarantee
- Letter of Credit
- Term Deposit
20,000
29,450
-
20,000
29,450
500,000
5.3 Bank overdraft - -
5.4 Other – Share Purchase Plan A/c - -
Total: cash at end of quarter (item 1.22) 623,551 1,450,311
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, buybacks,
redemptions
7.3 +Ordinary
securities
145,349,328 145,349,328
7.4 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through returns
of capital, buybacks
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)
13,280,376
12,791,441
13,280,376
12,791,441
Exercise price
$0.50
$0.20
Expiry date
31/12/2007
31/01/2010
7.8 Issued during
quarter
7.9 Exercised during
quarter
7.10 Expired during
quarter
7.11 Debentures
(totals only)
7.12 Unsecured
notes (totals
only)
Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
30/9/2001 Appendix 5B Page 5
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: ..31st October 2007..........................
(Director)
Print name: PHIL CHRISTIE
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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