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
Discovery Metals Limited
ABN Quarter ended ("current quarter")
29 104 924 423 30 June 2008
Consolidated statement of cash flows
Current Year to
Cash flows related to operating activities quarter date
$A'000 (12.months)
$A'000
1.1 Receipts from product sales and related debtors - -
1.2 Payments for (a) exploration and (2,956) (5,887)
evaluation
(b) development - -
(c) production - -
(d) administration (630) (3,806)
1.3 Dividends received - -
1.4 Interest and other items of a similar nature
received 175 489
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Other (Indirect Taxes) 172 344
Net Operating Cash Flows (3,240) (8,861)
Cash flows related to investing activities
1.8 Payment for purchases of: (a)prospects - -
- -
(b)equity investments
0 (63)
(c) other fixed assets
1.9 Proceeds from sale of: - -
(a)prospects 0 423
(b)equity investments - -
(c)other fixed assets
1.10 Loans to other entities - -
1.11 Loans repaid by other entities - -
1.12 Other (provide details if material) - -
Net investing cash flows 0 360
1.13 Total operating and investing cash flows
(carried forward) (3,240) (8,501)
1.13 Total operating and investing cash flows
(brought forward) (3,240) (8,501)
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, etc. 70 11,251
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 (provide details if material) -
Net financing cash flows (3,170) 2,750
Net increase (decrease) in cash held (70) 2,771
1.20 Cash at beginning of quarter/year to date 8,787 2,867
1.21 Exchange rate adjustments to item 1.20
1.22 Cash at end of quarter 5,617 5,617
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 60
included in item 1.2
-
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
-
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
-
Financing facilities available
Add notes as necessary for an understanding of the position.
Amount available Amount used
$A'000 $A'000
3.1 Loan facilities - -
3.2 Credit standby arrangements - -
Estimated cash outflows for next quarter
$A'000
4.1 Exploration and evaluation 3,000
4.2 Development -
3,000
Total
Reconciliation of cash
Reconciliation of cash at the end of Current quarter Previous quarter
the quarter (as $A'000 $A'000
shown in the consolidated statement
of cash flows) to
the related items in the accounts is
as follows.
5.1 Cash on hand and at bank 5,617 8,786
5.2 Deposits at call - -
5.3 Bank overdraft - -
5.4 Other (provide details) - -
Total: cash at end of 5,617 8,786
quarter (item 1.22)
Changes in interests in mining tenements
Tenement Nature of Interest at Interest
reference interest beginning at
(note (2)) of quarter end of
quarter
6.1 Interests in mining
tenements relinquished,
reduced or lapsed
6.2 Interests in mining
tenements acquired or
increased
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 Issue Amount paid
number quoted price per up per
security security
(see note (see note 3)
3) (cents)
(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 130,102,195 130,102,195
securities
7.4 Changes during
quarter
(a) Increases 200,000 200,000 35 cents 35 cents
through
issues
(b) Decreases
through
returns of
capital, buy-
backs
7.5 +Convertible debt -
securities
(description)
7.6 Changes during -
quarter
(a) Increases
through
issues
(b) Decreases
through
securities
matured,
converted
7.7 Options Exercise Expiry
(description and Price Date
conversion 1,250,000 30 cents 1 February
factor) 1,250,000 35 cents 2009
500,000 30 cents 1 February
2,000,000 30 cents 2009
1,300,000 35 cents 1 April 2010
718,888 26 cents 1 May 2010
1,000,000 30 cents 1 May 2010
497,337 36 cents 1 September
250,000 36 cents 2010
250,000 36 cents 1 September
500,000 43 cents 2010
5 December
500,000 54 cents 2010
1 October
2010
1 October
2011
Vest
25/03/09,
expiry
25/03/2012
Vest
25/03/10,
expiry
25/03/2013
7.8 Issued during 500,000 43 cents Vest
quarter 25/03/09,
500,000 54 cents expiry
25/03/2012
Vest
25/03/10,
expiry
25/03/2013
7.9 Exercised during 200,000 200,000 35 cents 1 May 2010
quarter
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* (delete one) give a true
and fair view of the matters disclosed.
Sign here:
..................................................... Date: 31
July 2008
(Company Secretary)
Print name: Roslynn Shand
Notes
+ See chapter 19 for defined terms.
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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