Name
|
Director
Since
|
Joseph
Isaac Gutnick
|
March
1988
|
David
Stuart Tyrwhitt
|
November
1996
|
Peter
James Lee
|
February
1996
|
Mordechai
Zev Gutnick
|
September
2005
|
Name
|
Age
|
Position(s)
Held
|
Joseph
Gutnick
|
57
|
Chairman
of the Board, President, Chief
Executive
Officer and Director
|
David
Tyrwhitt
|
71
|
Director
|
Peter
Lee
|
52
|
Director,
Secretary, Chief Financial Officer
and
Principal Accounting Officer
|
Mordechai
Gutnick
|
31
|
Director
|
§
|
the
Company’s financial statements are presented in accordance with generally
accepted accounting principles,
|
§
|
the
audit of the Company’s financial statements has been carried out in
accordance with generally accepted auditing standards
or
|
§
|
the
Company’s independent accountants are in fact
“independent.”
|
§
|
reviewed
and discussed the audited financial statements with
management,
|
§
|
discussed
with our independent auditors the materials required to be discussed by
SAS 61,
|
§
|
reviewed
the written disclosures and the letter from our independent auditors
required by Independent Standards Board Standard No. 1 and discussed with
our independent auditors their independence,
and
|
§
|
based
on the foregoing review and discussion, recommended to the Board
of Directors that the audited financial statements be included
in the Company’s fiscal 2009 annual report on Form
10-K.
|
Name
and
Principal
Position
|
Year
|
Salary
|
Bonus
|
Stock
Awards
|
Option
Awards
|
Non-Equity
Incentive
Plan
Compensation
|
Change
in
Pension
Value
and
Nonqualified
Deferred
Compensation
Earnings
|
All
Other
Compen-
sation
|
Total
|
Joseph
Gutnick,
Chairman
of the
Board,
President
and
CEO (1)(2)(3)(4)
|
2009
2008
2007
|
A$17,437
A$93,748
A$111,285
|
-
-
-
|
-
-
-
|
-
-
A$226,000
|
-
-
-
|
-
-
-
|
A$2,325
A$8,437
-
|
A$19,762
A$102,185
A$371,285
|
1.
|
The
amounts listed were paid by us to AXIS, which provides the services of Mr.
J I Gutnick and Mr. Lee as well as certain other officers and employees to
the Company.
|
2.
|
Excludes
options granted to Kerisridge Pty Ltd and Fast Knight Nominees Pty Ltd of
which Mr. JI Gutnick is a Director and Shareholder (see Item 13 – Certain
Relationships and Related Party
Transactions)
|
3.
|
Includes
amounts paid by AXIS to an accumulation superannuation plan on behalf of
Joseph Gutnick.
|
4.
|
Includes
1,833,333 options that have vested and 666,667 options that vest on
October 19, 2009.
|
5.
|
The
amounts included in the table for option awards has been calculated in
accordance with SFAS 123R.
|
Option Awards | Stock Awards | |||||||||
Name
|
Number
of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
|
Number
of
Securities
Underlying
Unexercised
Options
(#)
Unexercisable
|
Equity
Incentive
Plan
Awards:
Number
of
Securities
Underlying
Unexercised
Unearned
Options
(#)
|
Option
Exercise
Price
($)
|
Option
Expiration
Date
|
Number
of
Shares
or
Units
of
Stock
That
Have
Not
Vested
(#)
|
Market
Value
of
Shares
or
Units
of
Stock
That
Have
Not
Vested
($)
|
Equity
Incentive
Plan
Awards:
Number
of
Unearned
Shares,
Units
or
Other
Rights
That
Have
Not
Been
Vested
(#)
|
Equity
Incentive
Plan
Awards:
Market
or
Payout
Value
of
Unearned
Shares,
Units
or
Other
Rights
That
Have
Not
Vested
($)
|
|
Joseph
Gutnick,
Chairman
of
the
Board,
President
and
CEO
|
-
-
|
-
-
|
500,000
2,000,000
|
US$1.00
US$0.3084
|
10/15/14
10/19/11
|
-
-
|
-
-
|
-
-
|
-
-
|
Name
|
Fees
Earned
or
Paid
in
Cash
(US$)
|
Stock
Awards
($)
|
Option
Awards
($)
|
Non-Equity
Incentive
Plan
Compensation
($)
|
Change
in Pension
Value
and Nonqualified
Deferred
Compensation
Earnings
|
All
Other
Compensation
($)
|
Total
(US$)
|
David
Tyrwhitt
|
16,096
|
-
|
-
|
-
|
-
|
1,449
|
17,545
|
Peter
Lee
|
12,034
|
-
|
-
|
-
|
-
|
1,674
|
13,708
|
Mordechai
Gutnick
|
16,096
|
-
|
-
|
-
|
-
|
1,449
|
17,545
|
Plan
Category
|
Number
of securities
to
be issued upon
exercise
of
outstanding
options
(a)
|
Weighted
average
Exercise
price of
outstanding
options
(b)
|
Number
of securities
remaining
available for
future
issuances under
equity
compensation
plans
(excluding
securities
reflected in
column
(a)
(c)
|
|||
Equity
compensation
plans
approved by
security
holders
|
4,850,000
|
US$0.4224
|
2,821,4131)
|
|||
Equity
compensation
plans
not approved
by
security holders
|
-
|
-
|
-
|
|||
Total
|
4,850,000(1)
|
US$0.4224
|
2,821,413(1)
|
(1)
|
The
maximum number of shares available for issuance under the 2004 stock
option plan is equal to 10% of the issued and outstanding shares (on a
fully diluted basis) of common stock, at any
time.
|
Title
of
Class
|
Name
and Address
of
Beneficial Owner*
|
Amount
and nature of
Beneficial
Owner
|
Percentage
of
class (1)
|
||
Shares
of common stock
|
Northern
Capital Resources Corp
|
180,841,269
|
(3) |
91.67
|
|
Shares
of common stock
|
Joseph
Isaac Gutnick and Stera Gutnick
|
193,998,343
|
(2)(4)(5)(8) |
97.10
|
|
Shares
of common stock
|
David
Stuart Tyrwhitt
|
50,000
|
(2) |
0.03
|
|
Shares
of common stock
|
Mordechai
Zev Gutnick
|
750,000
|
(2)(9) |
0.42
|
|
Shares
of common stock
|
Peter
James Lee
|
1,250,000
|
(2)(8) |
0.70
|
|
All
officers and Directors
as a
group
|
196,048,343
|
(10) |
97.13
|
*
|
Unless otherwise indicated, the
address of each person is c/o Golden River Resources Corporation,
Level 8, 580 St. Kilda Road, Melbourne, Victoria 3004
Australia
|
(1)
|
Based
on 177,280,840 shares outstanding as of October 26,
2009.
|
(2)
|
Does
not include 2,500 shares of common stock beneficially owned by
us
|
(3)
|
Includes
20,000,000 shares issuable upon exercise of warrants at an exercise price
of US$0.1542 per share
|
(4)
|
Includes
5,394,590 shares of common stock owned by Edensor Nominees Pty Ltd.,
1,753,984 shares of common stock owned by Kerisridge Pty Ltd., 1,500,000
shares of common stock owned by Surfer Holdings Pty Ltd, 2,000,000 shares
of common stock owned by Kalycorp Pty Ltd, 180,841,269 shares of common
stock owned by Northern Capital Resources Corp (includes 20,000,000 shares
issuable upon exercise of warrants at an exercise price of US$0.1542 per
share) and 8,500 shares of common stock owned by Pearlway Investments
Proprietary Limited, of which Mr. Joseph Gutnick, Stera M. Gutnick and
members of their family are officers, Directors and principal
stockholders.
|
(5)
|
Includes
500,000 shares issuable upon exercise of stock options owned by Mr.
Gutnick.
|
(6)
|
Joseph
Gutnick and Stera Gutnick are husband and
wife.
|
(7)
|
Includes
2,000,000 shares issuable upon exercise of stock
options.
|
(8)
|
Includes
1,250,000 shares issuable upon exercise of stock
options.
|
(9)
|
Includes
750,000 shares issuable upon exercise of stock
options.
|
(10)
|
Includes
4,550,000 shares that are issuable upon exercise of stock
options.
|
1.
|
PLEASE
TAKE NOTICE THAT Stockholders owning at least a majority of the
outstanding stock of Golden River Resources Corporation by written consent
with a meeting dated October 26, 2009 have duly adopted the following
resolutions:
|
x |
ANNUAL
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE
|
ACT
OF 1934
|
|
For
the fiscal year ended: June 30, 2009
|
|
or
|
|
o |
TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE
|
ACT
OF 1934
|
|
For
the transition period from: _____________ to
_____________
|
Delaware
|
98-0079697
|
|
(State
or Other Jurisdiction
|
(I.R.S.
Employer
|
|
of
Incorporation or Organization)
|
Identification
No.)
|
Securities
registered pursuant to Section 12(b) of the Act: None
|
||
Securities
registered pursuant to Section 12(g) of the Act:
|
||
Title
of each class
|
||
Common
Stock, par value $.0001 per share
|
||
Indicate
by check mark if the registrant is a well-known seasoned issuer, as
defined in Rule 405 of the Securities Act.
|
||||
o |
Yes
|
x
|
No
|
Indicate
by check mark if the registrant is not required to file reports pursuant
to Section 13 or Section 15(d) of the Act.
|
||||
o |
Yes
|
x
|
No
|
|
Indicate
by check mark whether the registrant (1) has filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.
|
||||
x
|
Yes
|
o |
No
|
|
Indicate
by check mark whether the registrant has submitted electronically and
posted on its corporate Web site, if any, every Interactive Data File
required to be submitted and posted pursuant to Rule 405 of Regulation S-T
during the preceding 12 months (or for such shorter period that the
registrant was required to submit and post such
files).*
|
o
|
Yes
|
o |
No
|
*The
registrant has not yet been phased into the interactive data
requirements.
|
||||||||
Indicate
by check mark if disclosure of delinquent filers pursuant to Item 405 of
Regulation S-K (§229.405 of this chapter) is not contained herein, and
will not be contained, to the best of registrant’s knowledge, in
definitive proxy or information statements incorporated by reference in
Part III of this Form 10-K or any amendment to this Form
10-K.
|
||||||||
Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting
company.
|
||||||||
Large
accelerated filer
|
o |
Accelerated
filer
|
o | |||||
Non-accelerated
filer
|
o |
Smaller
reporting company
|
x
|
|||||
Indicate
by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Act).
|
o |
Yes
|
x
|
No
|
||||
State
the aggregate market value of the voting and non-voting common equity held
by non-affiliates computed by reference to the price at which the common
equity was last sold, or the average bid and asked price of such common
equity, as of the last business day of the registrant’s most recently
completed second fiscal quarter.
|
||||||||
The
aggregate market value based on the average bid and asked price on the
over-the-counter market of the Registrant’s common stock, (“Common Stock”)
held by non-affiliates of the Company was US$253,428 as at December 31, 2008.
There
were 167,988,340 outstanding shares of Common Stock as of September 24,
2009.
|
||||||||
APPLICABLE
ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCY
|
||||||||
PROCEEDINGS
DURING THE PRECEDING FIVE YEARS:
|
||||||||
Indicate
by check mark whether the registrant has filed all documents and reports
required to be filed by Section 12, 13 or 15(d) of the Securities Exchange
Act of 1934 subsequent to the distribution of securities under a plan
confirmed by a court.
|
||||||||
o |
Yes
|
o |
No
|
|||||
DOCUMENTS
INCORPORATED BY REFERENCE
|
||||||||
Not
Applicable
_____________________ |
PART
I
|
||
3
|
||
31
|
||
37
|
||
37
|
||
37
|
||
37
|
||
PART
II
|
||
38
|
||
39
|
||
40
|
||
45
|
||
45
|
||
46
|
||
46
|
||
46
|
||
PART
III
|
||
47
|
||
49
|
||
52
|
||
54
|
||
56
|
||
PART
IV
|
||
57
|
||
|
(i)
|
entering
into an agreement to explore for gold on Tahera’s extensive property
interests on the Slave Craton in northern Canada;
and
|
|
(ii)
|
making
application via a new 100% owned subsidiary, Golden Bull (previously known
as 4075251 Canada Inc), for properties in the highly prospective Committee
Bay Greenstone Belt in Nunavut,
Canada.
|
FIGURE
1.
|
Location of the Project Area
within Nunavut and the Slave Structural
Province.
|
FIGURE 2.
–
|
Location of the Original
Properties Covered By the Tahera / Golden River Resources Agreement.
Note that some claims
have been allowed to expire. A complete, current listing of existing
claims is presented as Appendix B. In Figure 2 lakes and rivers are shown
in blue; the Contwoyto IOL concession blocks are indicated by the
green-filled polygons. The Hood IOL concession is indicated as
yellow-filled polygons and labelled as the “Hood Group” (modified: January
18, 2007)
|
·
|
Auriferous,
silicified zones which contain arsenopyrite mineralization within
sediments;
|
·
|
Auriferous,
arsenopyrite-bearing quartz veins which occur at mafic volcanic-sediment
contacts;
|
·
|
Auriferous,
polymetallic, quartz veins transecting the mafic volcanic
stratigraphy;
|
·
|
Stratabound,
massive sulphide mineralization at the mafic volcanic-sediment contact;
and
|
·
|
Auriferous,
polymetallic, quartz veins hosted by sediments adjacent to the same mafic
volcanic-sediment contact.
|
Sample
No.
|
Mineralized
Zone (CO-20-00-03R
IOL)
|
Gold
(ppb)
|
Gold
(g/t)
|
Silver
(g/t)
|
|
167468
|
Penthouse
South
|
>100,000
|
62.18
|
12.9
|
|
167470
|
Penthouse
South
|
20,926
|
39.79
|
4.4
|
|
150361
|
Penthouse
South
|
28,317.7
|
38.68
|
5.3
|
|
150205
|
Penthouse
South
|
5,275.3
|
9.41
|
0.9
|
|
147250
|
Penthouse
North
|
5,940
|
8.88
|
2.4
|
|
BR040
|
Penthouse
North
|
2,831.9
|
8.73
|
3.3
|
|
150226
|
Penthouse
South
|
8,501.7
|
7.8
|
6.4
|
|
150238
|
Penthouse
North
|
8,283.7
|
7.49
|
3.5
|
|
150216
|
Penthouse
South
|
5,703.7
|
5.81
|
76
|
|
150218
|
Penthouse
South
|
5,595.5
|
5.68
|
57.3
|
|
167474
|
Penthouse
South
|
3,623
|
5.33
|
19.2
|
Sample
No
|
Mineralized
Zone (CO-20-00-03R
IOL)
|
Gold
(ppb)
|
Gold
(g/t)
|
Silver
(g/t)
|
|
150241
|
North
Fold Nose
|
57793.2
|
70.46
|
29.3
|
|
150245
|
North
Fold Nose
|
40704.4
|
46.06
|
85.1
|
|
185863
|
North
Fold Nose
|
17578.2
|
19.79
|
6.8
|
|
185851
|
North
Fold Nose
|
16562
|
16.75
|
4.8
|
|
150242
|
North
Fold Nose
|
14444
|
18.44
|
10.9
|
|
150246
|
North
Fold Nose
|
5526.9
|
6.48
|
10.8
|
|
150248
|
North
Fold Nose
|
4537.3
|
5.7
|
2.2
|
|
150249
|
North
Fold Nose
|
4257.2
|
4.91
|
1.9
|
|
185852
|
North
Fold Nose
|
3098.2
|
5.01
|
1.5
|
Figure
6 -
|
Location of the Company’s
Committee Bay Greenstone Belt
Claims.
|
i)
|
the
Wrench Prospect which is along strike of CBR’s Three Bluffs
Deposit;
|
ii)
|
the
Pickle Property iron formation which has the thickest intervals of sheared
banded iron formation
|
iii)
|
the
West Claim/Property which is adjacent to, and on strike with, the
geophysical anomalies currently identified CBR on their West Plains
Property and
|
iv)
|
the
“S”-folded magnetic anomaly underlying the KK Property will have to be
drill tested as there is no outcrop exposed in the area of the anomaly or
more specifically, the fold hinges
|
-
|
exploration
and development of the property covered by our mineral
claims;
|
-
|
our
ability to locate economically viable mineral reserves in the property
covered by our mineral claims;
|
-
|
our
ability to raise the capital necessary to conduct exploration and preserve
our interest in the mineral claims, increase our interest in the mineral
claims and continue as an exploration and mining company;
and
|
-
|
our
ability to generate revenues and profitably operate a mine on the property
covered by our mineral claims.
|
·
|
possible
decreases in capital resources or dilution to existing
stockholders;
|
·
|
difficulties
and expenses incurred in connection with an
acquisition;
|
·
|
the
difficulties of operating an acquired
business;
|
·
|
the
diversion of management’s attention from other business concerns;
and
|
·
|
a
limited ability to predict future operating results of
Acadian.
|
Calendar Period
|
High
Bid(1)
|
Low Bid(1)
|
|
2007
|
|||
First
Quarter
|
0.14
|
0.12
|
|
Second
Quarter
|
0.12
|
0.12
|
|
Third
Quarter
|
0.12
|
0.10
|
|
Fourth
Quarter
|
0.11
|
0.06
|
|
2008
|
|||
First
Quarter
|
0.10
|
0.06
|
|
Second
Quarter
|
0.40
|
0.05
|
|
Third
Quarter
|
0.09
|
0.04
|
|
Fourth
Quarter
|
0.01
|
0.00
|
|
2009
|
|||
First
Quarter
|
0.09
|
0.01
|
|
Second
Quarter
|
0.15
|
0.07
|
(1)
|
The
quotations set out herein reflect inter-dealer prices without retail
mark-up, mark-down or commission and may not necessarily reflect actual
transactions.
|
Year Ended June 30 | ||||||||||||
2008 A$000s |
2009 A$000s |
2009 Conv. Transl US$000s |
||||||||||
Revenues
|
- | - | - | |||||||||
Costs
and expenses
|
1,140 | 1,018 | 819 | |||||||||
Loss
from operations
|
(1,140 | ) | (1,018 | ) | (819 | ) | ||||||
Other
income (loss)
|
(5 | ) | (38 | ) | (31 | ) | ||||||
Profit
(loss) before income taxes and equity in losses of unconsolidated
entity
|
(1,145 | ) | (1,056 | ) | (850 | ) | ||||||
Provision
for income taxes
|
- | - | - | |||||||||
Profit
(loss) before equity in losses of unconsolidated entity
|
(1,145 | ) | (1,056 | ) | (850 | ) | ||||||
Equity
in losses of unconsolidated entity
|
- | (280 | ) | (225 | ) | |||||||
Net
(loss)
|
(1,145 | ) | (1,336 | ) | (1,075 | ) | ||||||
A$ | A$ |
$US
|
||||||||||
Net
profit (loss) per share on continuing operations
|
(0.03 | ) | (0.01 | ) | (0.01 | ) | ||||||
Weighted
average number of shares outstanding (000s)
|
36,714 | 92,605 | 92,605 | |||||||||
Balance
Sheet Data
|
||||||||||||
A$000s | A$000s |
US$000s
|
||||||||||
Total
assets
|
38 | 823 | 662 | |||||||||
Total
liabilities
|
711 | 1,338 | 1,076 | |||||||||
Stockholders’
equity (deficit)
|
(673 | ) | (515 | ) | (414 | ) |
Year
ended
June 30
|
|||||
2008 | A$1.00 | = | US$0.9615 | ||
CDN$1.00 | = | US$0.9900 | |||
2009 | A$1.00 | = | US$0.8048 | ||
CDN$1.00 | = | US$0.8655 |
i)
|
A
decrease in exploration expenditure written off from A$193,000 in fiscal
2008 to A$175,000 (US$141,000) in fiscal 2009. In fiscal 2009, no field
exploration was undertaken. The costs incurred relate to consultants
providing exploration advice and maintenance costs of the Slave and
Committee Bay Properties. The Committee Bay and Slave Properties are in
Nunavut in an isolated area and exploration can only be undertaken between
June and August each year due to ground conditions. Exploration is costly
as we were required to hire and construct a temporary camp which also had
to be transported by charter flight. All supplies and casual employees
also needed to be transported to the temporary camp by charter flights
and/or helicopter. The properties are located approximately 100 kilometers
from the camp and employees are transported by helicopter daily from camp
to the exploration site.
|
ii)
|
An
increase in legal, accounting and professional costs from A$78,000 in
fiscal 2008 to A$440,000 (US$354,000) in fiscal 2009. During fiscal 2009,
we incurred professional expenses of A$262,000 (US$210,000)
associated with the Company’s SEC compliance obligations and due diligence
costs incurred in relation to the investment in Acadian; legal expenses of
A$21,000 (US$17,000) for general legal work; audit fees of A$124,000
(US$100,000) for professional services in relation to financial statements
in the quarterly reports on Form 10-Q and annual report on Form 10-K; and
A$33,000 (US$26,000) from our stock transfer agent for management of the
share register. During fiscal 2008, we incurred legal expenses of A$8,000
for general legal work; audit fees of A$50,000 for professional services
in relation to financial statements, the quarterly reports on Form 10-Qs
and annual report on Form 10-K; and A$20,000 from our stock transfer agent
for management of the share
register.
|
iii)
|
A
decrease in administrative costs from A$474,000 in fiscal 2008 to
A$201,000 (US$162,000) in fiscal 2009. During fiscal 2009, AXIS charged us
A$150,000 (US$121,000) for management and service fees and Director’s fees
and salaries incurred on behalf of the Company which relate to fees paid
to an independent director, President and Chief Executive Officer,
Director, Secretary and Chief Financial Officer and other staff of AXIS
who provide services to the Company; A$15,000 (US$12,000) for lodgement of
Company filings with the SEC and A$36,000 (US$29,000) for overseas travel.
During fiscal 2008, AXIS charged us A$439,000 (US$422,000) for management
and service fees; Director’s fees and salaries incurred on behalf of the
Company which relate to fees paid to an independent director, President
and Chief Executive Officer, Director, Secretary and Chief Financial
Officer and other staff of AXIS who provide services to the Company; and
we incurred A$10,000 for lodgement of Company filings with the SEC and
A$25,000 for printing, stationery and
couriers.
|
iv)
|
A
decrease in stock based compensation from A$388,000 for fiscal 2008 to
A$201,000 (US$162,000) for fiscal 2009. Following shareholder
approval on January 27, 2005 the Company issued 1,400,000 options at an
exercise price of US$1.00 per option pursuant to the 2004 Stock Option
Plan. Of the total 1,400,000 options issued, 350,000 vested
immediately following shareholder approval, 50,000 vested on March 31,
2005, 333,331 vested on July 27, 2005, 333,334 vested on January 27, 2006
and the balance vested on July 27, 2006. The exercise price of US$1.00 was
derived from the issue price of common stock from the placement of shares
on March 31, 2004 and was considered by the Company’s Directors to be the
fair value of the common stock. The options expire on October 15, 2014.
The Company accounted for all options issued in 2004 based upon their fair
market value using the Black Scholes pricing model. There were
no employee stock options issued by the Company prior to 2004 or in 2005
or 2007. The Company calculated the fair value of the options at US$0.9663
per option using the Black Scholes valuation method. The total
value of the options equates to A$1,744,800 (US$1,352,820) and was
amortized over the vesting period. At June 30, 2008 the options were fully
vested.
|
(a)
|
Evaluation
of disclosure controls and procedures.
|
(b)
|
Management’s
Report on Internal Control over Financial
Reporting.
|
(c)
|
Change
in Internal Control over Financial
Reporting.
|
(d)
|
Other.
|
Name
|
Age
|
Position(s)
Held
|
Joseph
Gutnick
|
57
|
Chairman
of the Board, President, Chief
Executive
Officer and Director
|
David
Tyrwhitt
|
71
|
Director
|
Peter
Lee
|
52
|
Director,
Secretary, Chief Financial Officer
and
Principal Accounting Officer
|
Mordechai
Gutnick
|
31
|
Director
|
Name
and
Principal Position |
Year
|
Salary
|
Bonus
|
Stock
Awards
|
Option
Awards
|
Non-Equity
Incentive Plan Compensation |
Change
in
Pension Value and Nonqualified Deferred Compensation Earnings |
All
Other
Compensation |
Total
|
Joseph
Gutnick,
Chairman of the Board, President and CEO (1)(2)(3)(4) |
2009
2008
2007
|
A$17,437
A$93,748 A$111,285 |
-
-
-
|
-
-
-
|
-
-
A$226,000
|
-
-
-
|
-
-
-
|
A$2,325
A$8,437
-
|
A$19,762
A$102,185
A$371,285
|
1.
|
The
amounts listed were paid by us to AXIS, which provides the services of Mr.
J I Gutnick and Mr Lee as well as certain other officers and employees to
the Company.
|
2.
|
Excludes
options granted to Kerisridge Pty Ltd and Fast Knight Nominees Pty Ltd of
which Mr JI Gutnick is a Director and Shareholder (see Item 13 – Certain
Relationships and Related Party
Transactions)
|
3.
|
Includes
amounts paid by AXIS to an accumulation superannuation plan on behalf of
Joseph Gutnick.
|
4.
|
Includes
1,833,333 options that have vested and 666,667 options that vest on
October 19, 2009.
|
5.
|
The
amounts included in the table for option awards has been calculated in
accordance with SFAS 123R.
|
Option
Awards
|
Stock
Awards
|
|||||||||
Name
|
Number
of
Securities Underlying Unexercised Options (#) Exercisable |
Number
of
Securities Underlying Unexercised Options (#) Unexercisable |
Equity
Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#) |
Option
Exercise Price ($) |
Option
Expiration Date |
Number
of
Shares or Units of Stock That Have Not Vested (#) |
Market
Value of Shares or Units of Stock That Have Not Vested ($) |
Equity
Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Been Vested (#) |
Equity
Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($) |
|
Joseph
Gutnick, Chairman of the Board, President and CEO
|
-
-
|
-
-
|
500,000
2,000,000
|
US$1.00
US$0.3084
|
10/15/14
10/19/11
|
-
-
|
-
-
|
-
-
|
-
-
|
Name
|
Fees
Earned or
Paid in Cash (US$) |
Stock
Awards ($) |
Option
Awards ($) |
Non-Equity
Incentive Plan Compensation ($) |
Change
in
Pension Value and Nonqualified Deferred Compensation Earnings |
All
Other
Compensation ($) |
Total
(US$)
|
David
Tyrwhitt
|
16,096
|
-
|
-
|
-
|
-
|
1,449
|
17,545
|
Peter
Lee
|
12,034
|
-
|
-
|
-
|
-
|
1,674
|
13,708
|
Mordechai
Gutnick
|
16,096
|
-
|
-
|
-
|
-
|
1,449
|
17,545
|
Plan
Category
|
Number
of securities to
be issued upon exercise of outstanding options (a)
|
Weighted
average
Exercise price of outstanding options (b)
|
Number
of securities
remaining available for future issuances under equity compensation plans (excluding securities reflected in column (a) (c) |
|||
Equity
compensation
plans
approved by
security
holders
|
4,850,000
|
US$0.4224
|
2,821,4131)
|
|||
Equity
compensation
plans
not approved
by
security holders
|
-
|
-
|
-
|
|||
Total
|
4,850,000(1)
|
US$0.4224
|
2,821,413(1)
|
(1)
|
The maximum number of shares
available for issuance under the 2004 stock option plan is equal to 10% of
the issued and outstanding shares (on a fully diluted basis) of common
stock, at any time.
|
Title
of
Class
|
Name
and Address
of
Beneficial Owner*
|
Amount
and nature of
Beneficial Owner |
Percentage
of
class (1)
|
Shares
of common stock
|
Joseph
and Stera Gutnick
|
143,200,223
|
(2)(3)(4) (5)(6)(7)(8)
|
95.96
|
Shares
of common stock
|
RAB
Special Situations (Master) Fund Limited
1
Adam Street
London
WC2N 6LE
United
Kingdom
|
30,000,000
|
(9)(14)
|
19.4
|
Shares
of common stock
|
David
Stuart Tyrwhitt
|
50,000
|
(2)(3) |
0.04
|
Shares
of common stock
|
Mordechai
Zev Gutnick
|
750,000
|
(3)(10)(12) |
0.59
|
Shares
of common stock
|
Peter
James Lee
|
1,250,000
|
(2)(3)(11) |
0.98
|
All
officers and Directors
as a
group
|
145,250,223
|
(13) |
96.01
|
*
|
Unless otherwise indicated, the
address of each person is c/o Golden River Resources Corporation,
Level 8, 580 St. Kilda Road, Melbourne, Victoria 3004
Australia
|
(1)
|
Based
on 126,711,630 shares outstanding as of June 30,
2009.
|
(2)
|
Does
not include:
|
|
(i)
|
1,918
shares of Common Stock beneficially owned by Quantum Resources
Limited
|
(3)
|
Does
not include 2,500 shares of Common Stock beneficially owned by
us.
|
(4)
|
Includes
5,394,590 shares of Common Stock owned by Edensor Nominees Pty Ltd.,
1,753,984 shares of Common Stock owned by Kerisridge Pty Ltd., 1,500,000
shares of Common Stock owned by Surfer Holdings Pty Ltd, 130,000,000
shares of Common Stock owned by Fast Knight Nominees Pty Ltd (including
20,000,000 shares issuable upon exercise of warrants at an exercise price
of US$0.1542 per share), 2,000,000 shares of Common Stock owned by
Kalycorp Pty Ltd and 26,000 shares of Common Stock owned by Pearlway
Investments Proprietary Limited, of which Mr Joseph Gutnick, Stera M.
Gutnick and members of their family are officers, Directors and principal
stockholders.
|
(5)
|
Includes
500,000 shares issuable upon exercise of stock options owned by Mr.
Gutnick.
|
(6)
|
Joseph
Gutnick is the beneficial owner of 25,650 shares of Common Stock that are
registered in his own name.
|
(7)
|
Joseph
Gutnick and Stera Gutnick are husband and
wife.
|
(8)
|
Includes
1,333,334 shares issuable upon exercise of stock options and 666,666 that
vest on October 19, 2009.
|
(9)
|
RAB
owned warrants exercisable to acquire an additional 30,000,000 shares of
common stock, including 10,000,000 shares of common stock issuable upon
exercise of Special Warrants, without the payment of any additional
consideration and 20,000,000 shares of common stock issuable upon exercise
of Warrants with an exercise price of US$0.1542 per share. In early July
2009, the Company announced that it had closed a transaction to purchase
from RAB Special Situations (Master) Fund Limited (“RAB”) the special
warrant to purchase 10,000,000 shares of Common Stock in the Company for
no additional consideration expiring on June 9, 2016; and the warrant to
purchase 20,000,000 shares of Common Stock in the Company at an exercise
price of $0.1542 per share ($0.0364541, per share as adjusted) expiring on
April 30, 2011, held by RAB, for an aggregate purchase price of
US$500,000. Closing occurred in early July
2009.
|
(10)
|
Does
not include 1,918 shares of Common Stock beneficially owned by Quantum
Resources Limited, of which company Mr MZ Gutnick is a Director as he
disclaims beneficial ownership of these
shares.
|
(11)
|
Includes
916,667 shares issuable upon exercise of stock options which are
exercisable and 333,333 that vest on October 19,
2009.
|
(12)
|
Includes
500,000 shares issuable upon exercise of stock options and 250,000 that
vest on October 19, 2009.
|
(13)
|
Includes
4,500,000 shares that are issuable upon exercise of stock options, of
which 3,250,000 are vested and 1,250,000 that vest on October 19,
2009.
|
(14)
|
RAB
is organized under the laws of the Cayman Islands. Phillip Richards has
sole investment and voting control over the securities owned by
RAB.
|
2009
|
2008
|
|||||||
Audit
fees
|
$ | A$135,954 | $ | A$51,217 | ||||
Audit
related fees
|
43,274 | 1,731 | ||||||
Tax
fees
|
- | - | ||||||
Total
|
$ | A$179,228 | $ | A$52,948 |
(a)
|
Consolidated
Financial Statements and Notes
thereto.
|
(b)
|
Exhibits
|
GOLDEN
RIVER RESOURCES
CORPORATION. |
|||
(Registrant) | |||
|
By:
|
/s/
Peter J Lee
|
|
Peter
J Lee
|
|||
Director,
Secretary,
Chief
Financial Officer
and
Principal Financial
and
Accounting Officer
|
|||
Signature |
Title
|
Date
|
|||
1. |
/s/
Joseph
Gutnick
|
|
|||
Joseph
Gutnick
|
Chairman
of the Board, President and Chief Executive |
||||
Officer
(Principal Executive
|
|||||
Officer),
and Director.
|
September
24, 2009
|
||||
2. |
/s/
David
Tyrwhitt
|
Director.
|
September
24, 2009
|
||
David
Tyrwhitt
|
|||||
3. |
/s/
Peter
Lee
|
|
|||
Peter
Lee
|
Director,
Secretary, Chief Financial Officer and |
||||
Principal
Financial and
|
|||||
Accounting
Officer.
|
September
24, 2009
|
||||
4. |
/s/
Mordechai
Gutnick
|
Director
|
September
24, 2009
|
||
Mordechai
Gutnick
|
Incorporated by Reference to: |
Exhibit No |
Exhibit | |
(1)
|
Exhibit
3.1
|
3.1
|
Certificates
of Incorporation of the Registrant
|
(1)
|
Exhibit
3.2
|
3.2
|
By-laws
of the Registrant
|
(2)
|
Exhibit
A
|
3.3
|
Amendment
to Certificate of Incorporation dated July 17, 1999
|
(3)
|
3.4
|
Amendment
to Certificate of Incorporation dated October 17, 2000
|
|
3.5
|
Amendment
to Certificate of Incorporation dated April 6, 2005
|
||
(9)
|
Exhibit
3.1
|
3.6
|
Amendment
to Certificate of Incorporation dated March 10, 2007
|
(4)
|
99.3
|
4.1
|
Warrant
to purchase 1,670,000 shares of common stock
|
(4)
|
99.4
|
4.2
|
Warrant
to purchase 1,783,984 shares of common stock
|
(5)
|
Exhibit
10.5
|
10.4
|
Service
Agreement dated November 25, 1988, by and between the Registrant and AWI
Administration Services Pty Limited
|
(6)
|
Exhibit
10.6
|
10.5
|
Agreement
with Tahera Corporation
|
(4)
|
Exhibit
|
10.6
|
Subscription
Agreement with RAB Special Solutions LP
|
(7)
|
10.7
|
Employment
Agreement between the Registrant and C. Alford
|
|
(8)
|
10.8
|
Employment
Agreement between the Registrant and P Althaus.
|
|
(7)
|
10.9
|
Sponsorship
Agreement with Canaccord Capital
|
|
(10)
|
Exhibit
99.2
|
10.10
|
Subscription
Agreement with RAB Special Solutions (Master) Fund
Limited
|
(10)
|
Exhibit
99.3
|
10.11
|
Special
Warrant
|
(10)
|
Exhibit
99.4
|
10.12
|
Warrant
|
*
|
21
|
List
of Subsidiaries as at June 30, 2009.
|
|
*
|
31.1
|
Certification
pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 302 of
the Sarbanes-Oxley Act of 2002 by Peter James Lee.
|
|
*
|
31.2
|
Certification
pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 302 of
the Sarbanes-Oxley Act of 2002 by Joseph Isaac Gutnick.
|
|
*
|
32.1
|
Certification
pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of
the Sarbanes-Oxley Act of 2002 by Joseph Issac Gutnick.
|
|
*
|
32.2
|
Certification
pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of
the Sarbanes-Oxley Act of 2002 by Peter James
Lee
|
Audited
Consolidated Financial Statements for the Company and its Subsidiaries for
the year ended June 30, 2008 and Audited Consolidated Financial Statements
for the Company and its Subsidiaries or the year ended June 30,
2009.
|
(15)
|
Registrant’s
Quarterly Report on Form 10-Q for the quarter ended March 31,
2002.
|
(16)
|
Registrant’s
Annual Report on Form 10-KSB for the year ended June 30,
2004.
|
(17)
|
Registrant’s
Annual Report on Form 10-KSB for the year ended June 30,
2007.
|
(18)
|
Registrant’s
Quarterly Report on Form 10-OSB for the quarter ended March 31,
2007.
|
(19)
|
Registrant’s
Current Report on Form 8-K filed on June 15,
2007.
|
PKF | |
Certified
Public Accountants
|
A$000’s
2008
|
A$000’s
2009
|
Convenience
Translation
US$000’s
2009
|
||||||||||
ASSETS
|
||||||||||||
Current
Assets:
|
||||||||||||
Cash
|
8 | 20 | 16 | |||||||||
Receivables
|
30 | 8 | 6 | |||||||||
Total
Current Assets
|
38 | 28 | 22 | |||||||||
Non
Current Assets:
|
||||||||||||
Investment
in non-consolidated entity
|
- | 795 | 640 | |||||||||
Total
Non Current Assets
|
- | 795 | 640 | |||||||||
Total
Assets
|
38 | 823 | 662 | |||||||||
LIABILITIES
AND STOCKHOLDERS’ EQUITY (DEFICIT)
|
||||||||||||
Current
Liabilities
|
||||||||||||
Accounts
Payable and Accrued Expenses
|
72 | 124 | 100 | |||||||||
Short
Term Advance - Affiliate
|
639 | 564 | 453 | |||||||||
Short
Term Advance
|
- | 650 | 523 | |||||||||
Total
Current Liabilities
|
711 | 1,338 | 1,076 | |||||||||
Total
Liabilities
|
711 | 1,338 | 1,076 | |||||||||
Commitments
and Contingencies (Notes 10 and 11)
|
||||||||||||
Stockholders’
Equity (Deficit):
|
||||||||||||
Common
stock: $.0001 par value
200,000,000
shares authorised,
126,714,130
and 26,714,130 issued
|
3 | 18 | 14 | |||||||||
Additional
Paid-in-Capital
|
36,462 | 38,036 | 30,612 | |||||||||
Less
Treasury Stock, at Cost, 2,500 shares
|
(20 | ) | (20 | ) | (16 | ) | ||||||
Accumulated
Other Comprehensive Loss
|
(9 | ) | (104 | ) | (84 | ) | ||||||
Retained
Deficit during the exploration stage
|
(10,707 | ) | (12,043 | ) | (9,692 | ) | ||||||
Retained
Deficit prior to exploration stage
|
(26,402 | ) | (26,402 | ) | (21,248 | ) | ||||||
Total
Stockholders’ Equity (Deficit)
|
(673 | ) | (515 | ) | (414 | ) | ||||||
Total
Liabilities and Stockholders’ Equity (Deficit)
|
38 | 823 | 662 | |||||||||
See
Notes to Consolidated Financial Statements
|
A$000's
|
A$000's
|
Convenience
Translation
US$000’s
|
July
1, 2002
to
June 30,
2009
|
|||||||||||||
2008
|
2009
|
2009
|
A$000’s | |||||||||||||
Revenues
|
$ | - | $ | - | $ | - | $ | - | ||||||||
Cost
and expenses
|
||||||||||||||||
Stock
Based Compensation
|
388 | 201 | 162 | 2,903 | ||||||||||||
Exploration
Expenditure
|
193 | 175 | 141 | 3,532 | ||||||||||||
Loss
on disposal of equipment
|
- | - | - | 1 | ||||||||||||
Interest
Expense net
|
7 | 1 | 1 | 424 | ||||||||||||
Legal,
Accounting and Professional
|
78 | 440 | 353 | 1,140 | ||||||||||||
Administrative
|
474 | 201 | 162 | 3,609 | ||||||||||||
1,140 | 1,018 | 819 | 11,609 | |||||||||||||
(Loss)
from Operations
|
(1,140 | ) | (1,018 | ) | (819 | ) | (11,609 | ) | ||||||||
Foreign
Currency Exchange Gain (Loss)
|
(5 | ) | (46 | ) | (37 | ) | (170 | ) | ||||||||
Other
Income
|
||||||||||||||||
Interest –
net related entity
|
- | - | - | 5 | ||||||||||||
– other
|
- | 8 | 6 | 11 | ||||||||||||
(Loss)
before income taxes and equity in losses of unconsolidated
entity
|
(1,145 | ) | (1,056 | ) | (850 | ) | (11,763 | ) | ||||||||
Provision
for Income Tax
|
- | - | - | - | ||||||||||||
(Loss)
before equity in losses of unconsolidated entity
|
(1,145 | ) | (1,056 | ) | (850 | ) | (11,763 | ) | ||||||||
Equity
in losses of unconsolidated entity
|
- | (280 | ) | (225 | ) | (280 | ) | |||||||||
Net
(Loss)
|
(1,145 | ) | (1,336 | ) | (1,075 | ) | (12,043 | ) | ||||||||
Basic
net (Loss) per Common Equivalent Shares
|
(0.03 | ) | (0.01 | ) | (0.01 | ) | (0.39 | ) | ||||||||
Weighted
Number of Common Equivalent
Shares
Outstanding (000’s)
|
36,714 | 92,605 | 92,605 | 31,037 | ||||||||||||
See
Notes to Consolidated Financial Statements
|
Shares
|
Common
Stock
Amount
|
Treasury
Stock,
at
Cost
|
Additional
Paid-in
Capital
|
Retained
Earnings
(Deficit)
(during
the Exploration
stage)
|
Retained
Earnings
(Deficit)
(prior
to Exploration
stage)
|
Deferred
Compen-
sation
|
Accumulated
Other
Compre-
hensive
Loss
|
Total
|
||||||||||||||||||||||||||||
000’s | A$000’s | A$000’s | A$000’s | A$000’s | A$000’s | A$000’s | A$000’s | A$000’s | ||||||||||||||||||||||||||||
Balance
June 30, 2002
|
6,347 | $1 | $(20 | ) | $25,175 | $- | $(26,402 | ) | $- | $- | $(1,246 | ) | ||||||||||||||||||||||||
Net
loss
|
- | - | - | - | (681 | ) | - | - | - | (681 | ) | |||||||||||||||||||||||||
Balance
June 30, 2003
|
6,347 | $1 | $(20 | ) | $25,175 | $(681 | ) | $(26,402 | ) | $- | $- | $(1,927 | ) | |||||||||||||||||||||||
Issuance
of 1,753,984 shares and warrants in lieu of debt repayment
|
1,754 | - | - | 2,273 | - | - | - | - | 2,273 | |||||||||||||||||||||||||||
Sale
of 1,670,000 shares
|
1,670 | - | - | 2,253 | - | - | - | - | 2,253 | |||||||||||||||||||||||||||
Issuance
of 6,943,057 shares on cashless exercise of options
|
6,943 | 1 | - | (1 | ) | - | - | - | - | - | ||||||||||||||||||||||||||
Net
unrealised loss on foreign exchange
|
- | - | - | - | - | - | - | (9 | ) | (9 | ) | |||||||||||||||||||||||||
Net
(loss)
|
- | - | - | - | (1,723 | ) | - | - | - | (1,723 | ) | |||||||||||||||||||||||||
Balance
June 30, 2004
|
16,714 | $2 | $(20 | ) | $29,700 | $(2,404 | ) | $(26,402 | ) | $- | $(9 | ) | $867 | |||||||||||||||||||||||
Issuance
of 1,400,000 options under 2004 stock option plan
|
- | - | - | 1,720 | - | - | (1,720 | ) | - | - | ||||||||||||||||||||||||||
Amortisation
of 1,400,000 options under 2004 stock option plan
|
- | - | - | - | - | - | 1,144 | - | 1,144 | |||||||||||||||||||||||||||
Net
unrealised gain on foreign exchange
|
- | - | - | - | - | - | - | 6 | 6 | |||||||||||||||||||||||||||
Net(loss)
|
- | - | - | - | (3,367 | ) | (0 | ) | - | - | (3,367 | ) | ||||||||||||||||||||||||
Balance
June 30, 2005
|
16,714 | $2 | $(20 | ) | $31,420 | $(5,771 | ) | $(26,402 | ) | $(576 | ) | $(3 | ) | $(1,350 | ) | |||||||||||||||||||||
To
eliminate deferred compensation against Paid-In Capital
|
- | - | - | (576 | ) | - | - | 576 | - | - | ||||||||||||||||||||||||||
Issuance
of 10,000,000 shares and 20,000,000 warrants in lieu of debt
repayment
|
10,000 | 1 | - | 3,882 | - | - | - | - | 3,883 | |||||||||||||||||||||||||||
Capital
gain on shares and options issued in lieu of debt
repayment
|
- | - | - | (1,883 | ) | - | - | - | - | (1,883 | ) | |||||||||||||||||||||||||
Sale
of 20,000,000 normal warrants
|
- | - | - | 997 | - | - | - | - | 997 | |||||||||||||||||||||||||||
Sale
of 10,000,000 special warrants
|
- | - | - | 1,069 | - | - | - | - | 1,069 | |||||||||||||||||||||||||||
Amortisation
of 1,400,000 options under 2004 stock option plan
|
- | - | - | 557 | - | - | - | - | 557 | |||||||||||||||||||||||||||
Net
unrealised loss on foreign exchange
|
- | - | - | - | - | - | - | (8 | ) | (8 | ) | |||||||||||||||||||||||||
Net
(loss)
|
- | - | - | - | (1,694 | ) | - | - | - | (1,694 | ) | |||||||||||||||||||||||||
Balance
June 30, 2006
|
26,714 | $3 | $(20 | ) | $35,466 | $(7,465 | ) | $(26,402 | ) | $- | $(11 | ) | $1,571 | |||||||||||||||||||||||
See
Notes to Consolidated Financial Statements
|
Shares
|
Common
Stock
Amount
|
Treasury
Stock,
at
Cost
|
Additional
Paid-in
Capital
|
Retained
Earnings
(Deficit)
(during
the
Exploration
stage)
|
Retained
Earnings
(Deficit)
(prior
to
Exploration
stage)
|
Deferred
Compen-
sation
|
Accumulated
Other
Compre-
hensive
Loss
|
Total
|
|
000’s
|
A$000’s
|
A$000’s
|
A$000’s
|
A$000’s
|
A$000’s
|
A$000’s
|
A$000’s
|
A$000’s
|
|
Costs
associated with sale of normal
and
special warrants
|
-
|
-
|
-
|
(5)
|
-
|
-
|
-
|
-
|
(5)
|
Amortization
of 1,400,000 options
under
2004 stock option plan
|
-
|
-
|
-
|
20
|
-
|
-
|
-
|
-
|
20
|
Amortization
of 4,650,000 options
under
2006 stock option plan
|
-
|
-
|
-
|
593
|
-
|
-
|
-
|
-
|
593
|
Net
unrealized gain on foreign
exchange
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
5
|
5
|
Net
(loss)
|
-
|
-
|
-
|
-
|
(2,097)
|
-
|
-
|
-
|
(2,097)
|
Balance
June 30, 2007
|
26,714
|
$3
|
$(20)
|
$36,074
|
$(9,562)
|
$(26,402)
|
$-
|
$(6)
|
$87
|
Amortization
of 4,650,000 options
under
2006 stock option plan
|
-
|
-
|
-
|
$388
|
-
|
-
|
-
|
-
|
$388
|
Net
unrealized loss on foreign
exchange
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(3)
|
$(3)
|
Net
(loss)
|
-
|
-
|
-
|
-
|
(1,145)
|
-
|
-
|
-
|
$(1,145)
|
Balance
June 30, 2008
|
26,714
|
$3
|
$(20)
|
$36,462
|
$(10,707)
|
$(26,402)
|
$-
|
$(9)
|
$(673)
|
Amortization
of 4,650,000 options
under
2006 stock option plan
|
-
|
-
|
-
|
201
|
-
|
-
|
-
|
-
|
201
|
Sale
of 100,000,000 shares
|
100,000
|
15
|
-
|
740
|
-
|
-
|
-
|
-
|
755
|
Net
unrealised gain on foreign
exchange
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(95)
|
(95)
|
Forgiveness
of advances from affiliate
(Note
5)
|
-
|
-
|
-
|
633
|
-
|
-
|
-
|
-
|
633
|
Net
(loss)
|
-
|
-
|
-
|
-
|
(1,336)
|
-
|
-
|
-
|
(1,336)
|
Balance
June 30, 2009
|
126,714
|
$18
|
$(20)
|
$38,036
|
$(12,043)
|
$(26,402)
|
$-
|
$(104)
|
$(515)
|
See
Notes to Consolidated Financial Statements
|
A$000’s
|
A$000's
|
Convenience
Translation
|
July
1, 2002 to
June
30,
|
|
US$000’s
|
2009
|
|||
2008
|
2009
|
2009
|
A$000’s
|
|
CASH
FLOWS FROM OPERATING ACTIVITIES
|
||||
Net
(Loss)
|
$(1,145)
|
$(1,336)
|
$(1,075)
|
$(12,043)
|
Adjustments
to reconcile net (loss) to net cash (used) in operating
activities:
|
||||
Foreign
Currency Exchange Loss/Gain
|
(5)
|
46
|
37
|
148
|
Depreciation
of plant and equipment
|
1
|
-
|
-
|
27
|
Stock
based compensation
|
388
|
201
|
162
|
2,903
|
Equity
in Losses of Unconsolidated Entity
|
-
|
280
|
225
|
280
|
Accrued
interest added to principal
|
-
|
-
|
-
|
184
|
Net
Change In :
Receivables
Staking
Deposit
Prepayments
and Deposits
Accounts
Payable and Accrued Expenses
|
(9)
-
48
378
|
23
-
-
8
|
19
-
-
6
|
(7)
23
-
229
|
Net
Cash used in Operating Activities
|
(344)
|
(778)
|
(626)
|
(8,256)
|
CASH
FLOWS USED IN INVESTING ACTIVITIES
|
||||
Purchase
of Property and Equipment
|
-
|
-
|
-
|
(27)
|
Investment
in Unconsolidated Entity
|
-
|
(1,171)
|
(942)
|
(1,171)
|
Net
Cash used in Investing Activities
|
-
|
(1,171)
|
(942)
|
(1,198)
|
CASH
FLOWS PROVIDED BY FINANCING ACTIVITIES
|
||||
Net
borrowing (repayments) from Affiliates
|
-
|
-
|
-
|
1,031
|
Sale
of Shares/warrants (net)
|
-
|
755
|
607
|
5,066
|
Proceeds
from loan payable
|
-
|
1,206
|
971
|
3,479
|
Net
Cash Provided by Financing Activities
|
-
|
1,961
|
1,578
|
9,576
|
Effects
of Exchange rate on cash
|
3
|
-
|
-
|
(103)
|
Net
Increase (Decrease) in Cash
|
(341)
|
12
|
10
|
19
|
Cash
at Beginning of Year
|
349
|
8
|
6
|
1
|
Cash
at End of Year
|
8
|
20
|
16
|
20
|
Supplemental
Disclosures
|
||||
Interest
Paid/Payable
|
-
|
-
|
-
|
363
|
NON
CASH FINANCING ACTIVITY
|
||||
Debt
repaid through issuance of shares
|
-
|
-
|
-
|
6,156
|
Stock
Options recorded as Deferred Compensation
|
-
|
-
|
-
|
1,342
|
Forgiveness
of debt related party transaction
|
-
|
633
|
509
|
633
|
See
Notes to Consolidated Financial Statements
|
(1)
|
ORGANIZATION
AND BUSINESS
|
(2)
|
RECENT
ACCOUNTING PRONOUNCEMENTS
|
(3)
|
ACCOUNTING
POLICIES
|
Weighted
average shares
|
2008
‘000
|
2009
‘000
|
||||||
Outstanding- Basic
|
26,714 | 82,605 | ||||||
- Warrants
|
10,000 | 10,000 | ||||||
Weighted
average shares outstanding
|
36,714 | 92,605 |
(4)
|
INVESTMENT
SECURITIES
|
(5)
|
INVESTMENT
IN UNCONSOLIDATED SUBSIDIARY
|
June 2008
CDN$000’s
|
June 2008
A$000’s
|
June
2009
CDN$000’s
|
June
2009
A$000’s
|
|||||||||||||
Current
assets
|
6,003,213 | 6,174,874 | 307,672 | 355,485 | ||||||||||||
Non-
current assets
|
37,717,761 | 38,796,298 | 14,236,710 | 16,449,116 | ||||||||||||
Total
assets
|
43,720,974 | 44,971,172 | 14,544,382 | 16,804,601 | ||||||||||||
Current
liabilities
|
9,829,479 | 10,110,552 | 15,015,830 | 17,349,313 | ||||||||||||
Non-current
liabilities
|
4,623,608 | 4,755,820 | 1,030,392 | 1,190,516 | ||||||||||||
Total
liabilities
|
14,453,087 | 14,866,372 | 16,046,222 | 18,539,829 | ||||||||||||
Total
shareholders’ equity
|
29,267,887 | 30,104,800 | (1,501,840 | ) | (1,735,228 | ) | ||||||||||
Net
(loss)
|
(14,411,120 | ) | (14,823,205 | ) | (31,476,831 | ) | (36,368,378 | ) |
June
2008
A$000’s
|
June
2009
A$000s
|
|||||||
Net
Loss
|
(4,094 | ) | (8,293 | ) | ||||
Basic
net (loss) per common equivalent shares
|
(0.11 | ) | (0.09 | ) |
(6)
|
AFFILIATE
TRANSACTIONS
|
(7)
|
INCOME
TAXES
|
(8)
|
STOCKHOLDERS
EQUITY
|
(9)
|
ISSUE
OF OPTIONS UNDER STOCK OPTION PLAN
|
Outstanding
|
Exercisable
|
|||||||
Number
of options
|
800,000 | 800,000 | ||||||
Exercise
price
|
US$1.00 | US$1.00 | ||||||
Expiration
date
|
October
15, 2014
|
October
15, 2014
|
Outstanding
|
Exercisable
|
|||||||
Number
of options
|
4,050,000 | 2,700,000 | ||||||
Exercise
price
|
US$0.308 | US$0.308 | ||||||
Expiration
date
|
October
19, 2016
|
October
19, 2016
|
(10)
|
CONTINGENT
LIABILITIES
|
(11)
|
COMMITMENTS
|
(12)
|
SUBSEQUENT
EVENTS
|
AMPHIBOLE
|
A
family of silicate minerals forming prism or needlelike
crystals. Amphibole minerals generally contain iron, magnesium,
calcium and aluminum in varying amounts, along with
water.
|
ANOMALY
|
Pertaining
to the data set resulting from geochemical or geophysical surveys; a
deviation from uniformity or regularity.
|
ANTICLINE
|
An
upward-curving (convex) fold in rock that resembles an
arch. The central part contains the oldest section of
rock.
|
ARCHEAN
|
The
time interval between 3800-2500 million years ago. The Archean
is one of the Precambrian time intervals.
|
ARSENOPYRITE
|
A
tin-white or silver-white to steel-grey mineral
(FeAsS).
|
ASSAY
|
To
analyze the proportions of metals in a specimen of rock or other
geological material. Results of a test of the proportions of metals in a
specimen of rock or other geological material.
|
BEDROCK
|
A
general term for the rock, usually solid, that underlies soil or other
unconsolidated superficial material.
|
BIOTITE
|
A
dark brown to dark green or black mica mineral.
|
BRECCIA
|
A
rock that is composed of larger than sand size angular fragments that are
cemented together by a finer-grained matrix; in this sense the
fragmentation is usually a result of movement on nearby or adjoining fault
or fracture zones.
|
CHALCOPYRITE
|
Copper
iron sulfide mineral (CuFeS2). Color
is brassy yellow.
|
CHIP
SAMPLE
|
A
sample of a vein or other mineralized structure that is collected by way
of small pieces of rock taken at regular and frequent intervals on a
transect across the structure; intended to be a relatively accurate
representation of the tenor of mineralization.
|
CLAIM
(Mineral Claim)
|
A
defined, specific area identified on the ground within which the holder of
the legal title to the area has the exclusive right to search and develop
any mineral substance that occurs within the given area of the claim
boundaries.
|
CRATON
|
The
relatively stable nucleus of a continent. Cratons are made up
of a shield-like core of Precambrian Rock and a buried extension of the
shield.
|
DYKE
|
A
tabular igneous intrusion that cuts across the bedding or foliation of the
country rock.
|
FAULT
|
A
fracture or fracture zone in rock along which there has been displacement
of the two sides relative to each other and parallel to the fracture
plane.
|
FOLD
AXIS
|
A
fold axis, is the closest approximation to a straight line that when moved
parallel to itself, generates the form of the
fold
|
GABBRO
|
A
dark, coarse-grained intrusive igneous rock. Gabbro is made of
calcium-rich plagioclase, with amphibole and/or pyroxene, and is
chemically equivalent to basalt.
|
GEOPHYSICAL
SURVEY
|
In
mineral exploration, the collection of seismic, gravitational, electrical,
radiometric, density or magnetic data to aid in the evaluation of the
mineral potential of a particular area.
|
GRAB
SAMPLE
|
A
specimen of mineralized bedrock or float, usually about fist-sized, that
may be collected as a representation of the mineralized zone as a whole.
Because of bias, either unintended or otherwise, and because of the
generally high natural variability typical of gold-silver vein
mineralization, grades of grab samples should not be considered as a
reliable estimation of a mineralized zone as a whole but they nonetheless
serve to establish the presence of mineralization with grades of economic
interest.
|
GRANITE
|
A
coarse-grained intrusive igneous rock with at least 65%
silica. Quartz, plagioclase feldspar and potassium feldspar
make up most of the rock and give it a fairly light
color. Granite has more potassium feldspar than plagioclase
feldspar.
|
GRANODIORITE
|
A
coarse-grained igneous plutonic rock intermediate in composition between
quartz diorite and quartz monzonite; containing quartz, plagioclase, and
potassium feldspar, with biotite and hornblende as the dominant mafic
components.
|
GREENSTONE
|
A
metamorphic rock derived from basalt or chemically equivalent rock such as
gabbro. Greenstones contain sodium-rich plagioclase feldspar,
chlorite, and epidote, as well as quartz.
|
GPT
|
Abbreviation
for gram per ton; equivalent to one part per million
(ppm).
|
HLEM
|
Abbreviation
for Horizontal Loop Electro Magnetic geophysical
surveys.
|
IGNEOUS
|
Said
of a rock or mineral that solidified from molten or partly molten
material; also applied to processes leading to, or resulting from the
formation of such rocks.
|
INTRUSION
|
Emplacement
of magma (molten rock) into pre-existing rock. Dikes, sills and
batholiths are intrusions.
|
IP
|
A
type of geophysical survey method called Induced
Polarization.
|
IRON
FORMATION
|
A
chemical sedimentary rock containing at least 15% iron and commonly
containing chert. The iron may be present as oxide, silicate,
carbonate, or sulfide.
|
KOMATIITE
|
An
igneous suite of magnesium-rich, ultramafic lavas.
|
MAFIC
|
Pertaining
to or composed dominantly of the ferromagnesian rock forming silicates;
said of some igneous rocks and their constituent
minerals.
|
MASSIVE
|
Said
of a stratified rock that occurs in very thick, homogenous
beds.
|
METALLIC
|
A
mineral chiefly composed of, or containing, one or more metals as a
primary constituent.
|
MINERALIZATION
|
The
process or processes by which a mineral or minerals are introduced into a
rock, resulting in an enriched deposit; or the result of these
processes.
|
MINERALIZED
|
Rock
that has undergone the process of mineralization.
|
NET
SMELTER RETURN (NSR)
|
The
NSR is characterized by royalty payments that are a fixed or variable
percentage of the sales price, or gross revenue, the mining operator
receives from the sale of mineral product from the
property.
|
RETURN
ROYALTY
|
A
general term for a residual benefit that is a percentage of the value for
which a smelter will reimburse the provider of ore to the smelter, after
deduction for various smelting fees and penalties and, often after cost of
transportation has been deducted.
|
ORE
|
The
naturally occurring material from which a mineral or minerals of economic
value can be extracted profitably or to satisfy social or political
objectives.
|
OUTCROP
|
The
part of a rock formation that appears at the surface of the
ground.
|
OVERBURDEN
|
Loose
soil, sand, gravel, broken rock, etc. that lies above the
bedrock.
|
PERMAFROST
|
A
permanently frozen layer of soil or subsoil, or even bedrock, which occurs
to variable depths below the Earth's surface in arctic or subarctic
regions.
|
PPB
|
Abbreviation
for part per billion.
|
PPM
|
Abbreviation
for part per million.
|
PROPERTY
|
An
area of ground controlled by an individual or company that consists of one
or more contiguous mineral claims.
|
PROSPECTING
|
Pertaining
to the search for outcrops or surface exposures of mineral deposits,
primarily by non-mechanical methods.
|
PYRITE
|
Iron
sulfide mineral (FeS). Forms silvery to brassy metallic cubes
or masses.
|
PYRRHOTITE
|
Iron
sulfide mineral (Fe(1-x)S). Generally
forms as bronze, metallic masses. The mineral is weakly
magnetic.
|
QUARTZ
|
A
glassy silicate and common rock forming mineral (SiO2).
|
RESERVE
|
An
estimate within specified accuracy limits of the valuable metal or mineral
content of known deposit that may be produced under current economic
conditions and with present technology.
|
RESOURCE
|
Pertaining
to the quantity or bulk of mineralized material without reference to the
economic viability of its extraction (see reserve).
|
SEDIMENT
|
Fragmental
material that originates from weathering of rocks and that is transported
by air, water, ice or other natural agents, and that forms in layers on
the Earth's surface at ordinary temperatures in a loose, unconsolidated
form; e.g. silt, sand, gravel, etc.
|
SCHIST
|
A
strongly foliated rock, formed by dynamic metamorphism, that can be split
into thin flakes or slabs due to well developed parallelism of more than
50% of the minerals.
|
SHEARED
|
A
descriptive term for rock that is deformed as a result of stresses that
cause or tend to cause parts of a body to slide relative to each other
along their plane of contact.
|
STRIKE
|
The
course or bearing of the outcrop of an inclined bed, vein or fault plane
on a level surface; the direction of a horizontal line perpendicular to
the dip.
|
STRUCTURAL
MAPPING
|
Geological
mapping that focuses in collection of data pertaining to the orientation
of beds, faults and fractures as well as other structures that modify the
distribution of bedrock and mineralized zones.
|
SULPHIDE
MINERAL
|
A
mineral compound characterized by the linkage of sulphur with a metal or
semimetal.
|
TRACE
|
Pertaining
to assay values; as used in this report, this term refers to gold grades
of less than 0.01 oz/ton (0.3gpt).
|
ULTRAMAFIC
|
Igneous
rocks made mostly of the mafic minerals clino- and/or ortho-pyroxenes
(e.g. hypersthene, augite) and/or olivine.
|
VEIN
|
An
epigenetic mineral filling of a fault or other fracture in a host rock, in
tabular or sheet-like form, often as a precipitate from a hydrothermal
fluid.
|
VMS
|
Volcanic
Massive Sulphide deposit. VMS deposits consist of massive
accumulations of sulphide minerals (more than 60% sulphide minerals) which
occur in lens-like or tabular bodies parallel to the volcanic stratigraphy
or bedding. VMS deposits are generally accepted to have formed
at or near discharge vents of hydrothermal systems on the sea
floor.
|
Next
|
||||||
Tag#
|
Claim
|
NTS
|
Acres
|
Registered
|
Anniversary
|
Type
of Property
|
Jericho | Mining | |||||
Claims
|
||||||
ML3793
|
DJB
19
|
076-L-04
|
344.0
|
09-Jun-99
|
09-Jun-20
|
Lease
|
ML3794
|
JD
94
|
076-L-04
|
2524.0
|
09-Jun-99
|
09-Jun-20
|
Lease
|
ML3795
|
JD
313
|
076-L-04
|
2515.0
|
09-Jun-99
|
09-Jun-20
|
Lease
|
ML3796
|
OD
44
|
076-L-04
|
422.0
|
09-Jun-99
|
09-Jun-20
|
Lease
|
ML3797
|
OD
45
|
076-L-04
|
325.0
|
09-Jun-99
|
09-Jun-20
|
Lease
|
ML3798
|
OD
61
|
076-L-04
|
508.0
|
09-Jun-99
|
09-Jun-20
|
Lease
|
6,638.0
|
||||||
Jericho
Group
|
||||||
F31092
|
JD
92
|
076-L-04
|
2,272.60
|
26-Jan-93
|
26-Jan-04
|
Lease
Applied For
|
F31093
|
JD
93
|
076-L-04
|
2,569.60
|
26-Jan-93
|
26-Jan-04
|
Lease
Applied For
|
F31095
|
JD
95
|
076-L-04
|
2,363.10
|
26-Jan-93
|
26-Jan-04
|
Lease
Applied For
|
F31096
|
JD
96
|
076-L-04
|
2,582.50
|
26-Jan-93
|
26-Jan-04
|
Lease
Applied For
|
F31310
|
JD
310
|
076-L-03
|
632.70
|
26-Jan-93
|
26-Jan-04
|
Lease
Applied For
|
F31311
|
JD
311
|
076-L-03
|
890.90
|
26-Jan-93
|
26-Jan-04
|
Lease
Applied For
|
F31312
|
JD
312
|
076-L-03
|
1,144.00
|
26-Jan-93
|
26-Jan-04
|
Lease
Applied For
|
F31314
|
JD
314
|
076-L-03
|
2,118.10
|
26-Jan-93
|
26-Jan-04
|
Lease
Applied For
|
F31315
|
JD
315
|
076-L-03
|
2,117.60
|
26-Jan-93
|
26-Jan-04
|
Lease
Applied For
|
16,691.10
|
||||||
F35015
|
OD
25
|
076-E-13
|
2,255.50
|
18-Jun-93
|
05-Sep-24
|
Lease
Applied For
|
F35016
|
OD
26
|
076-E-13
|
2,255.50
|
18-Jun-93
|
05-Sep-24
|
Lease
Applied For
|
F35017
|
OD
27
|
076-E-13
|
2,165.40
|
18-Jun-93
|
05-Sep-24
|
Lease
Applied For
|
F35018
|
OD
28
|
076-E-13
|
375.10
|
18-Jun-93
|
05-Sep-24
|
Lease
Applied For
|
F35019
|
OD
29
|
076-E-13
|
444.20
|
18-Jun-93
|
05-Sep-24
|
Lease
Applied For
|
F35020
|
OD
30
|
076-E-13
|
2,509.60
|
18-Jun-93
|
05-Sep-24
|
Lease
Applied For
|
F35021
|
OD
31
|
076-E-13
|
2,548.70
|
18-Jun-93
|
05-Sep-24
|
Lease
Applied For
|
F35022
|
OD
32
|
076-E-13
|
2,582.50
|
18-Jun-93
|
05-Sep-24
|
Lease
Applied For
|
F35031
|
OD
41
|
076-E-13
|
2,435.90
|
18-Jun-93
|
05-Sep-24
|
Lease
Applied For
|
F35032
|
OD
42
|
076-E-13
|
2,435.90
|
18-Jun-93
|
05-Sep-24
|
Lease
Applied For
|
F35033
|
OD
43
|
076-E-13
|
2,420.80
|
18-Jun-93
|
05-Sep-24
|
Lease
Applied For
|
F35036
|
OD
46
|
076-E-13
|
2,066.00
|
18-Jun-93
|
05-Sep-24
|
Lease
Applied For
|
F35037
|
OD
47
|
076-E-13
|
2,029.90
|
18-Jun-93
|
05-Sep-24
|
Lease
Applied For
|
F35038
|
OD
48
|
076-E-13
|
2,029.90
|
18-Jun-93
|
05-Sep-24
|
Lease
Applied For
|
F35048
|
OD
58
|
076-E-14
|
2,582.50
|
18-Jun-93
|
05-Sep-24
|
Lease
Applied For
|
F35049
|
OD
59
|
076-E-14
|
2,582.50
|
18-Jun-93
|
05-Sep-24
|
Lease
Applied For
|
F35050
|
OD
60
|
076-E-14
|
2,582.50
|
18-Jun-93
|
05-Sep-24
|
Lease
Applied For
|
F35052
|
OD
62
|
076-E-14
|
508.60
|
18-Jun-93
|
05-Sep-24
|
Lease
Applied For
|
F35053
|
OD
63
|
076-E-14
|
2,582.50
|
18-Jun-93
|
05-Sep-24
|
Lease
Applied For
|
F35055
|
OD
65
|
076-E-14
|
2,582.50
|
18-Jun-93
|
05-Sep-24
|
Lease
Applied For
|
F35065
|
OD
75
|
076-E-14
|
2,582.50
|
18-Jun-93
|
22-Nov-25
|
Lease
Applied For
|
44,558.50
|
||||||
F45947
|
DJB
17
|
076-L-03
|
160.10
|
06-Jul-94
|
06-Jul-04
|
Lease
Applied For
|
CONTWOYTO
INUIT OWNED LANDS
|
||||||
Next
|
||||||
Tag#
|
Claim
|
NTS
|
Acres
|
Registered
|
Anniversary
|
Type
of Property
|
CO-08-00-01
|
076-E-15
|
3819.01
|
01-Jan-95
|
31-Dec-08
|
Mineral
Claim
|
|
CO-08-00-02
|
076-E-15
|
3263.82
|
01-Jan-95
|
31-Dec-08
|
Mineral
Claim
|
|
CO-08-00-03
|
076-E-15
|
2708.66
|
01-Jan-95
|
31-Dec-08
|
Mineral
Claim
|
|
CO-08-00-05
|
076-E-15
|
1269.60
|
31-Dec-99
|
31-Dec-08
|
Mineral
Claim
|
|
CO-08-00-06
|
076-E-15
|
7,610.58
|
31-Dec-00
|
31-Dec-08
|
Mineral
Claim
|
|
11061.10
|
||||||
HOOD
RIVER CLAIMS
|
||||||
F64828
|
Hood
12
|
76-L-13
|
2582.5
|
24-Jun-98
|
24-Jun-08
|
Mineral
Claim
|
F64829
|
Hood
14
|
76-L-13
|
2582.5
|
24-Jun-98
|
24-Jun-08
|
Mineral
Claim
|
5,165.00
|
||||||
F48875
|
PT
7
|
76-L-15
|
263.37
|
16-Dec-94
|
16-Dec-03
|
Mineral
Claim
|
CO
20 - 00 – 03R
|
76-L-15
|
15,453.81
|
01-Jan-97
|
01-Jan-09
|
IOL
- Mineral Claim
|
|
ICE
CLAIMS
|
||||||
F22432
|
ICE032
|
76-E-06
|
2582.5
|
01-Apr-92
|
02-Jul-23
|
Mining
Lease
|
F22433
|
ICE033
|
76-E-06
|
2582.5
|
01-Apr-92
|
02-Jul-23
|
Mining
Lease
|
F22464
|
ICE064
|
76-E-06
|
2582.5
|
01-Apr-92
|
02-Jul-23
|
Mining
Lease
|
F22534
|
ICE334
|
76-E-06
|
2582.5
|
01-Apr-92
|
02-Jul-23
|
Mining
Lease
|
F22535
|
ICE335
|
76-E-06
|
2582.5
|
01-Apr-92
|
02-Jul-23
|
Mining
Lease
|
F22537
|
ICE337
|
76-E-06
|
2582.5
|
01-Apr-92
|
02-Jul-23
|
Mining
Lease
|
ML3464
|
ICE336
|
76-E-06
|
2665.0
|
14-Feb-96
|
21-Apr-15
|
Mining
Lease
|
18,160.0
|
||||||
DOLLY
VARDEN CLAIMS
|
||||||
F23152
|
DIA
52
|
76-E-01
|
2,582.50
|
28-Apr-04
|
28-Apr-04
|
Lease: April 23,
2023
|
ROCKINGHORSE
CLAIMS
|
||||||
F50064
|
SKY
1
|
86-I-02
|
2,582.50
|
20-Aug-99
|
20-Aug-09
|
Mineral
Claim
|
F56889
|
PUD
4
|
86-I-14
|
2,582.50
|
14-Jun-99
|
14-Jun-05
|
Mineral
Claim
|
F65901
|
KEN
1
|
86-I-09
|
2582.5
|
20-Apr-99
|
12-Mar-09
|
Mineral
Claim
|
F66045
|
KEN
5
|
86-I-09
|
2100.35
|
20-Apr-99
|
12-Mar-09
|
Mineral
Claim
|
4,682.85
|
||||||
F74770
|
NAP
3
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-05
|
Mineral
Claim
|
F74771
|
NAP
4
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-12
|
Mineral
Claim
|
F74772
|
NAP
5
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-10
|
Mineral
Claim
|
F74773
|
NAP
6
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-12
|
Mineral
Claim
|
F74774
|
NAP
7
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-06
|
Mineral
Claim
|
F74775
|
NAP
8
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-09
|
Mineral
Claim
|
F74776
|
NAP
9
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-10
|
Mineral
Claim
|
F74777
|
NAP
10
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-05
|
Mineral
Claim
|
F74778
|
NAP
11
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-06
|
Mineral
Claim
|
F74779
|
NAP
12
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-07
|
Mineral
Claim
|
F74780
|
NAP
13
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-07
|
Mineral
Claim
|
F74781
|
NAP
14
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-05
|
Mineral
Claim
|
F75430
|
NAP
15
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-05
|
Mineral
Claim
|
F75431
|
NAP
16
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-05
|
Mineral
Claim
|
F75432
|
NAP
17
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-05
|
Mineral
Claim
|
F75433
|
NAP
18
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-05
|
Mineral
Claim
|
F75435
|
NAP
20
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-05
|
Mineral
Claim
|
F75436
|
NAP
21
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-08
|
Mineral
Claim
|
F75437
|
NAP
22
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-08
|
Mineral
Claim
|
F75438
|
NAP
23
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-08
|
Mineral
Claim
|
F75445
|
NAP
30
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-08
|
Mineral
Claim
|
F75447
|
NAP
32
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-06
|
Mineral
Claim
|
F75448
|
NAP
33
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-08
|
Mineral
Claim
|
F75449
|
NAP
34
|
86-I-10
|
2582.5
|
11-Jun-02
|
13-Mar-06
|
Mineral
Claim
|
61,980.00
|
||||||
CO44
-00-01
|
86-I-11
|
414.0
|
01-Jan-97
|
01-Jan-09
|
IOL
- Mineral Claim
|
|
F38623
|
OK
123
|
86-I-11
|
2582.5
|
18-Jun-93
|
05-Sep-24
|
Applied
for Lease
|
F38627
|
OK
127
|
86-I-11
|
2582.5
|
18-Jun-93
|
05-Sep-24
|
Applied
for Lease
|
F38628
|
OK
128
|
86-I-11
|
2582.5
|
18-Jun-93
|
29-Apr-24
|
KCEI
Lease
|
F38629
|
OK
129
|
86-I-11
|
2582.5
|
18-Jun-93
|
05-Sep-24
|
Applied
for Lease
|
F38648
|
OK
148
|
86-I-11
|
2169.3
|
18-Jun-93
|
05-Sep-24
|
Applied
for Lease
|
F38649
|
OK
149
|
86-I-11
|
2169.3
|
18-Jun-93
|
05-Sep-24
|
Applied
for Lease
|
F38652
|
OK
152
|
86-I-11
|
2582.5
|
18-Jun-93
|
05-Sep-24
|
Applied
for Lease
|
F38653
|
OK
153
|
86-I-11
|
2582.5
|
18-Jun-93
|
05-Sep-24
|
Applied
for Lease
|
F38654
|
OK
154
|
86-I-11
|
2582.5
|
18-Jun-93
|
05-Sep-24
|
Applied
for Lease
|
F38665
|
OK
165
|
86-I-11
|
2582.5
|
18-Jun-93
|
05-Sep-24
|
Applied
for Lease
|
24,998.60
|
||||||
Total
|
261,883.46
|
Claim
name
|
Claim
No.
|
NTS
Sheet
|
Recording
Date
|
Anniversary
Date
|
|
Pick
1
|
F54799
|
56K/03
|
16-Oct-02
|
16-Oct-12
|
|
Pick
2
|
F54798
|
56K/03
|
16-Oct-02
|
16-Oct-12
|
|
Pick
3
|
F54760
|
56K/03
|
16-Oct-02
|
16-Oct-12
|
|
EE
1
|
F54757
|
56K/06
|
16-Oct-02
|
16-Oct-11
|
|
EE
2
|
F54756
|
56K/06
|
16-Oct-02
|
16-Oct-11
|
|
EE
3
|
F54758
|
56K/06
|
16-Oct-02
|
16-Oct-12
|
|
K
1
|
F60304
|
56K/11
|
16-Oct-02
|
16-Oct-10
|
|
K
2
|
F60305
|
56K/11
|
16-Oct-02
|
16-Oct-10
|
|
CAY
1
|
F60252
|
56K/09
|
16-Oct-02
|
16-Oct-12
|
|
CAY
3
|
F60254
|
56K/09
|
16-Oct-02
|
16-Oct-12
|
|
AA
1
|
F60249
|
56J/13
|
16-Oct-02
|
16-Oct-10
|
|
AA
2
|
F60250
|
56J/13
|
16-Oct-02
|
16-Oct-10
|
|
NN
1
|
F60307
|
56K/16
|
16-Oct-02
|
16-Oct-12
|
|
NN
2
|
F60251
|
56O/04
|
16-Oct-02
|
16-Oct-12
|
|
WREN
1
|
F60231
|
56J/11
|
16-Oct-02
|
16-Oct-12
|
|
WREN
2
|
F60232
|
56J/14
|
16-Oct-02
|
16-Oct-12
|
|
WREN
3
|
F60233
|
56J/14
|
16-Oct-02
|
16-Oct-12
|
|
WREN
4
|
F60234
|
56J/14
|
16-Oct-02
|
16-Oct-12
|
|
WREN
5
|
F60235
|
56J/14
|
16-Oct-02
|
16-Oct-12
|
|
WEST
|
F60212
|
56K/03
|
16-Oct-02
|
16-Oct-12
|
|
HOST
3
|
F85351
|
56K/03
|
16-Oct-02
|
16-Oct-12
|
|
GB-1
|
F85352
|
56K/03
|
13-Sep-04
|
13-Sep-12
|
|
· as
confirmed by the mining recorder
|
|
|
|