Metminco Regulatory News (MNC)

Name of entity

Metminco Limited (Consolidated Entity)

ABN

Quarter ended ("current quarter")

43 119 759 349

30 June 2010

Cash flows related to operating activities

Current quarter

$A'000

Year to date

(12 months)

$A'000

1.1

Receipts from product sales and related debtors

1.2

Payments for :

(a) exploration and evaluation

(1,363)

(1,451)

(b) development

-

-

(c) production

-

-

(d) administration

(1,525)

(2,609)

1.3

Dividends received

-

-

1.4

Interest and other items of a similar nature received

13

51

1.5

Interest and other costs of finance paid

(173)

(173)

1.6

Income taxes paid

-

-

1.7

Other (consulting fees)

(48)

(511)

1.7

Other (takeover costs)

-

(26)

Net Operating Cash Flows

(3,096)

(4,719)

Cash flows related to investing activities

1.8

Payment for purchases of

(a) prospects

-

-

(b) purchase of North Hill Holdings Inc

(560)

(560)

 (c) other fixed assets

(1)

1.9

Proceeds from sale of:

(a) prospects

-

-

(b) equity investments

-

-

(c) other fixed assets

-

14

1.10

Loans to other entities

-

1.11

Loans repaid by other entities

-

1.12

Other - net cash on acquisition of a controlling interest in Hampton Mining Limited (Hampton)

(10,964)

(13,385)

Other (provide details if material)

-

-

Net investing cash flows

(11,524)

(13,932)

1.13

Total operating and investing cash flows (carried forward)

(14,620)

(18,651)

1.13

Total operating and investing cash flows (brought forward)

(14,620)

(18,651)

Cash flows related to financing activities

1.14

Proceeds from issues of shares, options, etc.

11,728

15,056

1.15

Proceeds from sale of forfeited shares

-

-

1.16

Proceeds from issue of convertible notes

601

4,407

1.17

Repayment of borrowings

-

-

1.18

Dividends paid

-

-

1.19

Other (provide details if material)

32

32

Net financing cash flows

12,361

19,495

Net increase (decrease) in cash held

(2,259)

844

1.20

Cash at beginning of quarter/year to date

4,093

990

1.21

Exchange rate adjustments to item 1.20

324

324

1.22

Cash at end of quarter

2,158

2,158

Current quarter

$A'000

1.23

Aggregate amount of payments to the parties included in item 1.2

Nil

1.24

Aggregate amount of loans to the parties included in item 1.10

Nil

1.25

Explanation necessary for an understanding of the transactions

J. Fillmore - for Legal Fees $11,825

The Board resolved to defer payment of directors' fees and services for the June 2010 quarter.

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

The Company issued fully paid ordinary shares in the Company (Shares) as follows:

- 132,787,500 Shares to Junior Investment Company (JIC) in addition to a cash payment of $US12 million for the acquisition of JIC's 31% interest in Hampton.

- 7,998,273 Shares to brokers and advisors in settlement of fees and commission associated with the Company's shares being admitted to the AIM market

- 150,000,000 Shares to Highland Holdings Resources Inc in addition to a cash payment of $US0.5 million as consideration for the acquisition North Hill Holdings Inc.

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

Nil

Amount available

$A'000

Amount used

$A'000

3.1

Loan facilities (Convertible Notes US$4.0 million)

4,669

4,669

3.2

Credit standby arrangements

-

-

$A'000

4.1

Exploration and evaluation

700

4.2

Development

-

4.3

Production

-

4.4

Administration

900

Total

1,600

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'000

Previous quarter

$A'000

5.1

Cash on hand and at bank

2,158

4,093

5.2

Deposits at call

-

-

5.3

Bank overdraft

-

-

5.4

Other (provide details)

-

-

Total: cash at end of quarter (item 1.22)

2,158

4,093

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

Grants Creek

P80/1575-

P801582

&

Angelo

E80/2707

Withdrawal from Joint

Venture with Pacrim

Energy Limited on

16.06.2010

6.2

Interests in mining tenements acquired or increased

N/A

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

775,529,275

775,529,275

7.4

Changes during quarter

(a) Increases through issues

(b) Decreases through returns of capital, buy-backs

394,581,282

394,581,282

7.5

+Convertible debt securities (description)

36,649,413 (subject to USD/AUD exchange rate and the MNC Share price)

US$4 million with a coupon rate of 16% pa convertible at the lower of A$0.12 and 80% of VWAP over the three dealing days prior to conversion notice expiring 31 March 2012.

7.6

Changes during quarter

(a) Increases through issues

(b) Decreases through securities matured, converted

7.7

Options (description and conversion factor)

27,230,017

27,230,017

Exercise price

25 cents

Expiry date

04 Dec 2012

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)