RNS Number : 2367A
Thor Mining PLC
31 July 2008
THOR MINING PLC
Appendix 5B - June 2008 Quarterly Report
Dated: 31 July 2008
Thor Mining PLC ("the Company" or "Thor"), AIM, ASX: "THR" the specialist metals company
focused on advancing tungsten-molybdenum and
uranium projects in the Northern Territory of Australia, today released the following report
on the Australian Stock Exchange ("ASX"),as
required under the rules of the ASX.
Mining exploration quarterly report
Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98.
Name of entity
THOR MINING PLC
ACN or ARBN Quarter ended ("current quarter")
121 117 673 30 June 2008
Consolidated statement of cash flows
Current quarter Year to date
Cash flows related to operating activities $A'000 $A'000
1.1 Receipts from customers - -
1.2 Payments for (a) exploration (372) (1,513)
and evaluation (144) (710)
(b) development expenditure - -
(c) production (803) (2,225)
(d) administration
1.3 Royalties received - -
1.4 Interest and other items of a 36 203
similar nature received
1.5 Interest and other costs of finance - -
paid
1.6 Income taxes paid - -
1.7 Other - 82
Net Operating Cash Flows (1,283) (4,163)
Cash flows related to investing
activities
1.8 Payment for purchases of: (a) - -
prospects
(b)controlled entity (net of cash
acquired) - -
(c) other fixed assets - (29)
(d) development assets - -
1.9 Proceeds from sale of: (a) - -
prospects - -
(b) equity investments - -
(c) controlled entity - -
(d) other fixed assets
1.10 Loans to other entities - -
1.11 Loans repaid by other entities - -
1.12 Other - -
Net investing cash flows - (29)
1.13 Total operating and investing cash (1,283) (4,192)
flows (carried forward)
1.13 Total operating and investing cash flows (brought (1,283) (4,192)
forward)
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, etc. (net of 720 2,666
expenses)
1.15 Payment for shares - -
1.16 Proceeds from borrowings - -
1.17 Repayment of borrowings (9) (31)
1.18 Dividends paid - -
1.19 Other - -
Net financing cash flows 711 2,635
Net increase (decrease) in cash held (572) (1,557)
1.20 Cash at beginning of quarter/year to date 3,350 4,335
1.21 Exchange rate adjustments to item 1.20 - -
1.22 Cash at end of quarter 2,778 2,778
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 these parties
349
included in item 1.2
1.24 Aggregate amount of loans to these 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 250 250
3.2 Credit standby arrangements - -
Estimated cash outflows for next quarter
$A'000
4.1 Exploration and evaluation 512
4.2 Development -
Total 512
Reconciliation of cash
Reconciliation of cash at the end of the quarter (as shown in the consolidated
Current quarter Previous quarter
statement of cash flows) to the related items in the accounts is as follows. $A'000
$A'000
5.1 Cash on hand and at bank
2,778 3,350
5.2 Deposits at call
- -
5.3 Bank overdraft
- -
5.4 Other - security deposits
- -
Total: cash at end of quarter (item 1.22)
2,778 3,350
Changes in interests in mining tenements
Tenement reference Nature of interest Interest at
Interest at end of quarter
(note (2)) beginning 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 Number quoted Issue price per Amount paid
up per
security (see note security (see
note
3) (cents) 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 149,470,949 149,470,949
7.4 Changes during
quarter
(a) Increases
through issues 9,002,000 9,002,000
(b) Decreases
through returns of
capital, buy-backs,
consolidation(1for3)
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 Price
Expiry Date
A - Directors, 3,333,333 - 11.25 pence 15
June 2009
Consultants and
Employee Options
455,000 - 6.00 pence 29
June 2010
1,000,000 - 8.00 pence 15
June 2009
12,500,000 - 8.00 pence 15
June 2009
2,750,000 - 11.25 pence 15
June 2009
B - Listed 65,574,783 - 8.00 pence 15
June 2009
warrants
7.8 Issued during
quarter
7.9 Exercised during 2,000 2,000 8.00 pence 15 June
2009
quarter
7.10 Expired during
quarter
7.11 Decrease through
Consolidation
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.
2 This statement does give a true and fair view of the matters disclosed.
Sign here: Date: 29 July
2008
(Company Secretary)
Print name: DAMIAN DELANEY
Enquiries:
John Young + 61 (0) 419 954 020 Thor Mining PLC Chief Executive Officer
Damian Delaney +61 (0) 438 921 666 Thor Mining PLC Chief Financial Officer
John Simpson 020 7489 4500 Blomfield Corporate Nominated Adviser
Finance Ltd
Updates on the Company's activities are regularly posted on Thor's website
www.thormining.com, which includes a facility to register to
receive these updates by email.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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