December 2012 Quarterly Report
Aceh gold-copper project, Indonesia
Prosperity continues to focus on its Aceh project (figure 1) in Indonesia. Limited exploration activities were done during the quarter as we entered the wet season and capped by limited funding.
Prosperity Resources Limited
100 Parry St
PERTH WA 6000
ABN 60 103 280 235
PO Box 7516
Cloisters Square
PERTH WA 6850
Tel: +618 9322 7575
Fax: +618 9322 9485
Website : www.prosperity.net.au
Email :info@prosperity.net.au
Share Registry Enquiries: Computershare Investor Services
45 St Georges Terrace
PERTH WA 6000
Tel: +618 9323 2000
Fax: +618 9323 2033
Capital Structure: ASX Listed Shares: 408.1M ASX Unlisted Options: 8.35M
ASX Code: PSP - ordinary shares
Directors: Mo Munshi Chairman/Managing Director
John Arbuckle
Non-Executive Director
Sebastian Hempel
Non-Executive Director
Mufti Habriansyah
Non-Executive Director
Figure 1: Prosperity's land package in Aceh
December 2012 Quarterly Report
Corporate
The Company held its Annual General Meeting ("AGM") on 30 November 2012 with all resolutions passed by show of hands and by proxy. Details of the AGM results can be found at www.prosperity.net.au
No exploration fieldwork was carried out at Tennant Creek and Mt Gibson project during the quarter.
For further information please contact:
Mo Munshi Chairman/Managing Director Prosperity Resources Limited
+86 139 1017 5192
or visit www.prosperity.net.au
Competent Person Statement: Information in this announcement that relates to Exploration Results is based on information compiled by Dr. Neil F. Rutherford. Dr. Rutherford is a Fellow of The Australian Institute of Geoscientists and is a full time employee of Rutherford Mineral Resource Consultants, mineral industry consultants. He has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 JORC Code. Dr. Neil Rutherford has consented to the inclusion in this report of the matters based on this information in the form and context in which it appears.
Appendix 5B
Mining exploration entity quarterly report
Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10
Rule 5.3
Name of entity
Prosperity Resources Limited
ABN Quarter ended ("current quarter")
60 103 280 235 31 December 2012
Consolidated statement of cash flowsCash flows related to operating activities
1.1 Receipts from product sales and related debtors
1.2 Payments for (a) exploration & evaluation
(b) development
(c) production
(d) administration
1.3 Dividends received
1.4 Interest and other items of a similar nature received
1.5 Interest and other costs of finance paid
1.6 Income taxes paid
1.7 Other (provide details if material)
Net Operating Cash Flows
+ See chapter 19 for defined terms.
17/12/2010 Appendix 5B Page 3
Appendix 5B
Mining exploration entity quarterly report
1.13 Total operating and investing cash flows (brought forward) | (85) | (684) |
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 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 | ||
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 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 | ||
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end of quarter | (85) 138 | (684) 737 |
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end of quarter | 53 | 53 |
Current quarter
$A'000
1.2
3
Aggregate amount of payments to the parties included in item 1.2 3
1.2
4
Aggregate amount of loans to the parties included in item 1.10
1.2
5
Explanation necessary for an understanding of the transactions
Director salary
Non-cash financing and investing activities2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
NA
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
NA
+ See chapter 19 for defined terms.
17/12/2010 Appendix 5B Page 4
Appendix 5B
Mining exploration entity quarterly report
Add notes as necessary for an understanding of the position.
3.1 Loan facilities
3.2 Credit standby arrangements
Estimated cash outflows for next quarter4.1 Exploration and evaluation
4.2 Development
4.3 Production
4.4 Administration
Reconciliation of cashReconciliation 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.
Changes in interests in mining tenementsTenement reference | Nature of interest (note (2)) | Interest at beginning of quarter | Interest at end of quarter |
+ See chapter 19 for defined terms.
17/12/2010 Appendix 5B Page 5
Appendix 5B
Mining exploration entity quarterly report
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 quarterDescription includes rate of interest and any redemption or conversion rights together with prices and dates.
7.5 +Convertible debt securities (description)
7.6 Changes during quarter
(a) Increases through issues (b) Decreases through securities matured, converted
+ See chapter 19 for defined terms.
17/12/2010 Appendix 5B Page 6
7.12 Unsecured notes (totals only)
Appendix 5B
Mining exploration entity quarterly report
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 5).
2 This statement does give a true and fair view of the matters disclosed.
Sign here: ............................................................ Date: 25 January 2013 (Company secretary)
Print name: G Taylor
+ See chapter 19 for defined terms.
17/12/2010 Appendix 5B Page 7
Notes
Appendix 5B
Mining exploration entity quarterly report
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 6: Exploration for and Evaluation of
Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.
5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting 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.
== == == == ==
+ See chapter 19 for defined terms.
17/12/2010 Appendix 5B Page 8
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