Berkeley Eng Regulatory News (BKY)

31 Jul 2007 08:35

Berkeley Resources Limited31 July 2007 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 BERKELEY RESOURCES LIMITED ABN Quarter ended ("current quarter") 40 052 468 569 30 June 2007 Consolidated statement of cash flows Current quarter Year to date Cash flows related to operating activities $A'000 (12 months) $A'0001.1 Receipts from product sales and related - - debtors 1.2 Payments for (a) exploration and (1,739) (4,618) evaluation - - (b) development - - (c) production (401) (1,469) (d) administration1.3 Dividends received - -1.4 Interest and other items of a similar nature received 303 5711.5 Interest and other costs of finance paid - -1.6 Income taxes paid - -1.7 Other - Business development (68) (264) - AIM admission - (468) Net Operating Cash Flows (1,905) (6,248) Cash flows related to investing activities1.8 Payment for purchases of: (a)prospects - - (b)equity - - investments (6) (98) (c) other fixed assets1.9 Proceeds from sale of: (a)prospects - 350 (b)equity - - investments - - (c)other fixed assets1.10 Loans to other entities - -1.11 Loans repaid by other entities - -1.12 Other - - Net investing cash flows (6) 2521.13 Total operating and investing cash flows (carried forward) (1,911) (5,996) 1.13 Total operating and investing cash flows (brought forward) (1,911) (5,996) Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 23,125 26,6471.15 Proceeds from sale of forfeited shares - -1.16 Proceeds from borrowings - -1.17 Repayment of borrowings - -1.18 Dividends paid - -1.19 Other - capital raising expenses (1,410) (1,400) Net financing cash flows 21,725 25,237 Net increase (decrease) in cash held 19,814 19,241 1.20 Cash at beginning of quarter/year to date 5,722 6,2951.21 Exchange rate adjustments to item 1.20 - -1.22 Cash at end of quarter 25,536 25,536 Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the relatedentities Current quarter $A'000 1.23 Aggregate amount of payments to the parties included in item 1.2 134 1.24 Aggregate amount of loans to the parties included in item 1.10 - 1.25 Explanation necessary for an understanding of the transactions Payments include executive remuneration, superannuation, directors' fees and consulting fees. 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 Financing facilities available Add notes as necessary for an understanding of the position. Amount available Amount used $A'000 $A'0003.1 Loan facilities - - 3.2 Credit standby arrangements - - Estimated cash outflows for next quarter $A'0004.1 Exploration and evaluation 3,100 4.2 Development - Total 3,100 Reconciliation of cash Reconciliation of cash at the end of the quarter (as Current quarter Previous quartershown in the consolidated statement of cash flows)to the related items in the accounts is as follows. $A'000 $A'0005.1 Cash on hand and at bank 1,470 9385.2 Deposits at call 24,066 4,7845.3 Bank overdraft - -5.4 Other (provide details) - - Total: cash at end of quarter (item 1.22) 25,536 5,722 Changes in interests in mining tenements Tenement Nature of interest Interest at Interest at reference beginning of end of quarter (note (2)) quarter6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining PI 10208 Earning 100% - Application tenements acquired or increased Issued and quoted securities at end of current quarter Description includes rate of interest and any redemption or conversion rightstogether with prices and dates. Total number Number quoted Issue price per Amount paid up per security (see note security (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, redemptions7.3 +Ordinary securities 101,591,695 101,591,695 Not Applicable Not Applicable7.4 Changes during quarter (a) Increases through issues (b) Decreases 12,500,000 12,500,000 $1.85 $1.85 through returns of capital, buy-backs7.5 +Convertible debt securities7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted7.7 Options Exercise price Expiry date -Director Options 2,000,000 - various various -Unlisted Options 10,600,000 - $0.70 30 April 2010 -Incentive Options 2,250,000 - $1.00 30 November 20087.8 Issued during - - various various quarter - - $0.70 30 April 2010 1,500,000 - $1.00 30 November 20087.9 Exercised during - - various various quarter - - $0.70 30 April 2010 - - $1.00 30 November 20087.10 Expired during - - various various quarter - - $0.70 30 April 2010 - - $1.00 30 November 20087.11 Debentures (totals only)7.12 Unsecured notes (totals only) Compliance statement 1 This statement has been prepared under accounting policies whichcomply with accounting standards as defined in the Corporations Act or otherstandards acceptable to ASX (see note 4). 2 This statement does give a true and fair view of the matters disclosed. Sign here: ............................................................ Date: 31 July 2007 Company secretary) Print name: SHANE CRANSWICK Notes 1 The quarterly report provides a basis for informing the market howthe entity's activities have been financed for the past quarter and the effecton its cash position. An entity wanting to disclose additional information isencouraged 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 inrespect of interests in mining tenements acquired, exercised or lapsed duringthe reporting period. If the entity is involved in a joint venture agreementand there are conditions precedent which will change its percentage interest ina mining tenement, it should disclose the change of percentage interest andconditions precedent in the list required for items 6.1 and 6.2. 3 Issued and quoted securities - The issue price and amount paid up isnot required in items 7.1 and 7.3 for fully paid securities. 4 The definitions in, and provisions of, AASB 1022: Accounting forExtractive Industries and AASB 1026: Statement of Cash Flows apply to thisreport. 5 Accounting Standards - ASX will accept, for example, the use ofInternational Accounting Standards for foreign entities. If the standards useddo not address a topic, the Australian standard on that topic (if any) must becomplied with. == == == == == This information is provided by RNS The company news service from the London Stock Exchange