AUSTIN METALS LIMITED 
By Appendix 5B SILVER CITY MINERALS LIMITED Mining exploration entity quarterly report
Appendix 5B Mining exploration entity quarterly reportIntroduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.
Name of entity
Silver City Minerals Limited
Rule 5.3
ABN Quarter ended ("current quarter")
68 130 933 309 31 March 2014 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 and 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/received on R&D tax offset
1.7 Other - tenement security deposits paid
- tenement security deposit refunds
Net Operating Cash Flows
30/9/2001 Appendix 5B Page 1
Appendix 5B SILVER CITY MINERALS LIMITED Mining exploration entity quarterly report
Current quarter $A'000 | Year to date $A'000 | |
1.13 Total operating and investing cash flows (brought forward) | (404) | (813) |
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 - Share issue costs Net financing cash flows | 420 0 0 0 0 (8) | 420 0 0 0 0 (8) |
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 - Share issue costs Net financing cash flows | 412 | 412 |
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 | 8 3,846 0 | (401) 4,255 0 |
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 | 3,854 | 3,854 |
Current quarter
$A'000
1.23 | Aggregate amount of payments to the parties included in item 1.2 | 119 |
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 |
Salaries and consultancy fees at normal commercial rates
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
None
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
None
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Appendix 5B SILVER CITY MINERALS LIMITED Mining exploration entity quarterly report
Financing facilities availableAdd 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 tenements6.1 Interests in mining tenements relinquished, reduced or lapsed
6.2 Interests in mining tenements acquired or increased
6.3 The full Silver City schedule of tenements is included as an attachment to this report.
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Appendix 5B SILVER CITY MINERALS LIMITED Mining exploration entity quarterly report
Issued and quoted securities at end of current quarterDescription includes rate of interest and any redemption or conversion rights together with prices and dates.
7.12 Unsecured notes
(totals only)
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Appendix 5B SILVER CITY MINERALS LIMITED Mining exploration entity quarterly report
Compliance statement
1. This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Law or other standards acceptable to ASX (see note 4).
2. This statement does give a true and fair view of the matters disclosed.
Sign here: Date: 22 April 2014 (Director / Company Secretary)
Print name: Chris Torrey
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 tenements, 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.
5. Accounting 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.
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SILVER CITY MINERALS LIMITED Appendix 5B Schedule of Tenements as at 31 March 2014 Mining exploration entity quarterly report
Tenement | Tenement No. | SCI Interest | Joint Venture Details |
NEW SOUTH WALES
Acacia Aragon Coombarra Durin Golbin Lewis Lynor Native Dog Razorback Riddock Rildar Willyama Yalcowinna Yellowstone | EL 8235 EL 7300 ELA 4944 EL 8180 EL 7749 EL 8179 EL 8076 EL 8236 EL 8077 EL 8020 EL 8074 EL 8075 EL 8078 EL 7390 | 100% 85% 100% 100% 100% 100% 75% 75% 100% 100% 75% 75% 100% 0% | CBH 15% CBH 25% CBH 25%, note 1 Note 4 CBH 25% CBH 25%, Notes 1 and 2 Eaglehawk 8% in area of EL 7319 only, Notes 1 and 3 Golden Cross Operations Limited 100%, SCI earning 80% |
QUEENSLAND
Sellheim | EPM 13499, 15778 and 17573 MLs 10238, 10269 and 10270 | 0% | SCI can earn 80%, Nedex 100% |
EL | = | Exploration Licence | ELA | = | Exploration Licence Application |
EPM | = | Exploration Permit for Minerals | ML | = | Mining Lease |
Note 1 These tenements are subject to agreements with Variscan Mines Limited and Eaglehawk Geological Consulting Pty Ltd whereby Variscan and Eaglehawk hold an NSR (Net Smelter Return) interest in parts of these tenements.
The following ELs were consolidated in order to better manage a number of smaller contiguous licences. Note 2 Willyama EL 8075 consolidates the following six ELs:
EL 5646 (Mt Robe), EL 5764 (Yanco Glen), EL 6002 (Eldee Creek), EL 6132 (Stephens-Centennial), EL
6147 (Big Aller), EL 6475 (Apollyon Valley).
Note 3 Yalcowinna EL 8078 consolidates the following two ELs:
EL 7814 (Bitterkeep) and EL 7319 (Euriowie). Eaglehawk has an 8% interest in the 78 units of this application that are currently EL 7319.
Note 4 Razorback EL 8077 consolidates the following three ELs:
EL 7203 (Iron Bar), EL 7813 (Windy Hill) and EL 7902 (Donart).
30/9/2001 Appendix 5B Page 6
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