Quarterly Cashflow Report
April 30 2009 - 9:00AM
UK Regulatory
TIDMZRL
RNS Number : 5004R
Zambezi Resources Ltd
30 April 2009
30 April 2009
Zambezi Resources Limited
Quarterly Cash flow report
for the period endED 31 MARCH 2009
Zambezi Resources Limited (AIM:ZRL; ASX:ZRL) sets out below its quarterly cash
flow report.
For more information contact:
+--------------------------------------------------------+-------------------------------------------------------+
| Julian | |
| Ford, | |
| Managing | |
| Director | |
| Zambezi | |
| Resources | |
| (Australia) | |
| +61 (08) | |
| 9216 9000 | |
| +61 (0) 418 | |
| 949 580 | |
| | |
+--------------------------------------------------------+-------------------------------------------------------+
| Fiona | Simon |
| Owen | Edwards |
| Grant | / Adam |
| Thornton | Lloyd |
| UK LLP | Evolution |
| +44 20 | Securities |
| 7383 | Ltd |
| 5100 | + 44 20 |
| | 7071 4300 |
+--------------------------------------------------------+-------------------------------------------------------+
| | |
+--------------------------------------------------------+-------------------------------------------------------+
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 |
+-----------------------------------------------------------------------+
| ZAMBEZI RESOURCES LIMITED |
+-----------------------------------------------------------------------+
+-------------------------------------------------+---------------+------------------------------------------------------+
| ARBN | | Quarter |
| | | ended |
| | | ("current |
| | | quarter") |
+-------------------------------------------------+---------------+------------------------------------------------------+
| 124 | | 31 |
| 462 | | March |
| 826 | | 2009 |
| | | |
+-------------------------------------------------+---------------+------------------------------------------------------+
Consolidated statement of cash flows
+------+----------------------------------+------------------+------------------+
| Cash flows related to operating | Current quarter | Year to date |
| activities | GBP '000 | (12 months) |
| | | GBP '000 |
+-----------------------------------------+------------------+------------------+
| 1.1 | Receipts from product sales and | | 11 |
| | related debtors | | |
+------+----------------------------------+------------------+------------------+
| 1.2 | Payments for (a) exploration | (68) | (5,870) |
| | and evaluation | (421) | (2,295) |
| | (b) development | | |
| | (c) production | | |
| | (d) administration | | |
+------+----------------------------------+------------------+------------------+
| 1.3 | Dividends received | | |
+------+----------------------------------+------------------+------------------+
| 1.4 | Interest and other items of a | 1 | 52 |
| | similar nature received | | |
+------+----------------------------------+------------------+------------------+
| 1.5 | Interest and other costs of | | |
| | finance paid | | |
+------+----------------------------------+------------------+------------------+
| 1.6 | Income taxes paid | | (10) |
+------+----------------------------------+------------------+------------------+
| 1.7 | Other - Joint Venture Partner | 34 | 3,034 |
| | contributions | | |
+------+----------------------------------+------------------+------------------+
| | Net Operating Cash Flows | (454) | (5,078) |
+------+----------------------------------+------------------+------------------+
| | Cash flows related to investing | | |
| | activities | | |
+------+----------------------------------+------------------+------------------+
| 1.8 | Payment for purchases of: | | (113) |
| | (a)prospects | | |
| | (b)equity investments | | |
| | (c) other fixed assets | | |
+------+----------------------------------+------------------+------------------+
| 1.9 | Proceeds from sale of: | 11 | 132 |
| | (a)prospects | | 21 |
| | (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 | 11 | 40 |
+------+----------------------------------+------------------+------------------+
| 1.13 | Total operating and investing | (443) | (5,038) |
| | cash flows (carried forward) | | |
+------+----------------------------------+------------------+------------------+
+------+----------------------------------+------------------+------------------+
| 1.13 | Total operating and investing | (443) | (5,038) |
| | cash flows (brought forward) | | |
+------+----------------------------------+------------------+------------------+
| | Cash flows related to financing | | |
| | activities | | |
+------+----------------------------------+------------------+------------------+
| 1.14 | Proceeds from issues of shares, | 279 | 839 |
| | options, etc. | | |
+------+----------------------------------+------------------+------------------+
| 1.15 | Proceeds from sale of forfeited | | |
| | shares | | |
+------+----------------------------------+------------------+------------------+
| 1.16 | Proceeds from borrowings | | |
+------+----------------------------------+------------------+------------------+
| 1.17 | Repayment of borrowings | | (9) |
+------+----------------------------------+------------------+------------------+
| 1.18 | Dividends paid | | |
+------+----------------------------------+------------------+------------------+
| 1.19 | Other - Costs of capital raising | | (7) |
| | | | |
+------+----------------------------------+------------------+------------------+
| | Net financing cash flows | 279 | 823 |
+------+----------------------------------+------------------+------------------+
| | Net increase (decrease) in cash | (164) | (4,215) |
| | held | | |
| | | | |
+------+----------------------------------+------------------+------------------+
| 1.20 | Cash at beginning of | 424 | 4,411 |
| | quarter/year to date | | |
+------+----------------------------------+------------------+------------------+
| 1.21 | Exchange rate adjustments to | (69) | (5) |
| | item 1.20 | | |
+------+----------------------------------+------------------+------------------+
| 1.22 | Cash at end of quarter | 191 | 191 |
+------+----------------------------------+------------------+------------------+
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 |
| | GBP |
| | '000 |
+--------------------------------------------------------------------------------------------------------+----------------------------------------------------+
| 1.23 | Aggregate | 116 |
| | amount of | |
| | payments | |
| | to the | |
| | parties | |
| | 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 |
+-------------------------------------------------+-----------------------------------------------------------------------------------------------------------+
| | Prior quarter accrued |
| | Directors' fees & |
| | salaries and salaries |
| | and fees for the |
| | quarter. |
| | |
+-------------------------------------------------+------------------------------------------------------+----------------------------------------------------+
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 |
| | | GBP '000 | GBP '000 |
+-----+----------------------------------+------------------+------------------+
| 3.1 | Loan facilities | | |
| | | | |
+-----+----------------------------------+------------------+------------------+
| 3.2 | Credit standby arrangements | | |
| | | | |
+-----+----------------------------------+------------------+------------------+
Estimated cash outflows for next quarter
+-----+--------------------------------------------+--------------------------+
| | | GBP '000 |
+-----+--------------------------------------------+--------------------------+
| 4.1 | Exploration and evaluation | |
| | | |
+-----+--------------------------------------------+--------------------------+
| 4.2 | Development | |
| | | |
+-----+--------------------------------------------+--------------------------+
| 4.3 | Administration | 150 |
| | | |
+-----+--------------------------------------------+--------------------------+
| | Total | 150 |
+-----+--------------------------------------------+--------------------------+
Reconciliation of cash
+-----+----------------------------------+-----------------+------------------+
| Reconciliation of cash at the end of | Current quarter | Previous quarter |
| the quarter (as shown in the | | GBP '000 |
| consolidated statement of cash flows) | GBP '000 | |
| to the related items in the accounts | | |
| is as follows. | | |
+----------------------------------------+-----------------+------------------+
| 5.1 | Cash on hand and at bank | 191 | 424 |
+-----+----------------------------------+-----------------+------------------+
| 5.2 | Deposits at call | | |
+-----+----------------------------------+-----------------+------------------+
| 5.3 | Bank overdraft | | |
+-----+----------------------------------+-----------------+------------------+
| 5.4 | Other (provide details) | | |
+-----+----------------------------------+-----------------+------------------+
| | Total: cash at end of quarter | 191 | 424 |
| | (item 1.22) | | |
+-----+----------------------------------+-----------------+------------------+
Changes in interests in mining tenements
+-----+------------------+-------------------------------------------------------+------------------------+-------------------------------------------------+-------------------------------------------------+
| | | Tenement | Nature of interest | Interest | Interest |
| | | reference | (note (2)) | at | at end |
| | | | | beginning | of |
| | | | | of | quarter |
| | | | | quarter | |
+-----+------------------+-------------------------------------------------------+------------------------+-------------------------------------------------+-------------------------------------------------+
| 6.1 | Interests in | PL's 279, | 100% (Mwembeshi | 100% | 100% |
| | mining tenements | 227, 214,196, 224, 220,219 | -reduction only) | 100% | 49% |
| | relinquished, | Cheowa/CCB JV area | 100% (Interest | | |
| | reduced or | | earned) | | |
| | lapsed | | | | |
| | (Please refer | | | | |
| | Activities | | | | |
| | Report) | | | | |
+-----+------------------+-------------------------------------------------------+------------------------+-------------------------------------------------+-------------------------------------------------+
| 6.2 | Interests in | Mwembeshi | 0% (3 new | 0% | 100% |
| | mining tenements | Mpande | applications-approved) | 0% | 45% |
| | acquired or | Chalimbana | (awaiting new licence | 0% | 49% |
| | increased | | numbers | | |
| | (Please refer | | 0% (4 new applications | | |
| | Activities | | - 1 approved to date) | | |
| | Report) | | (awaiting new licence | | |
| | | | numbers | | |
| | | | 0% (5 new applications | | |
| | | | - 4 approved to date) | | |
| | | | (awaiting new licence | | |
| | | | numbers | | |
| | | | | | |
+-----+------------------+-------------------------------------------------------+------------------------+-------------------------------------------------+-------------------------------------------------+
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 | Issue price | Amount paid up |
| | | quoted | per | per security |
| | | | security | (see note 3) |
| | | | (see note | (GBP) |
| | | | 3) (GBP) | |
+----------------------------------+--------------+-------------+-------------+----------------+
| 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 | 226,876,174 | 226,876,174 | | |
| | securities | | | | |
+------+---------------------------+--------------+-------------+-------------+----------------+
| 7.4 | Changes during | 29,000,000 | 29,000,000 | AUD$0.02 | AUD$0.02 |
| | quarter | | | | |
| | (a) Increases | | | | |
| | 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(description | 2,190,000 | 3,230,214 | Exercise | Expiry date |
| | and conversion | 4,390,000 | | price (GBP) | 26 July 2009 |
| | factor) | 1,000,000 | | 0.12 | 9 June 2009 |
| | | 140,000 | | 0.14 | 22 June 2010 |
| | | 500,000 | | 0.16 | 10 June 2010 |
| | | 2,080,000 | | 0.175 | 23 December |
| | | 1,850,000 | | 0.20 | 2009 |
| | | 1,000,000 | | 0.20 | 31 August 2011 |
| | | 3,230,214 | | 0.13 | 31 March 2011 |
| | | | | 0.20 | 31 August 2011 |
| | | | | 0.19 AUD | 31 August 2009 |
+------+---------------------------+--------------+-------------+-------------+----------------+
| 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) | | | | |
| | | | | | |
+------+---------------------------+--------------+-------------+-------------+----------------+
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: Chief Financial Officer Date: 30 April 2009
Print name: Lloyd Flint
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.
5Accounting 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.
== == == == ==
This information is provided by RNS
The company news service from the London Stock Exchange
END
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