COVER | 1 |
ABOUT SUNDANCE RESOURCES | 3 |
BOARD OF DIRECTORS | 4 |
THE MBALAM-NABEBAIRON ORE PROJECT | 6 |
HIGHLIGHTS 2013/14 | 8 |
CHAIRMAN’S ADDRESS | 9 |
MANAGING DIRECTOR’S REPORT | 10 |
OVERVIEW OF OPERATIONS | 11 |
OFF-TAKE AGREEMENT WITH NOBLE RESOURCES | 11 |
SIGNING OF THE NABEBA MINING CONVENTION, REPUBLIC OF CONGO | 12 |
PORT AND RAIL CONCESSION AGREEMENTS, CAMEROON | 13 |
PORT AND RAIL EPC | 14 |
MINE PLANTS & ASSOCIATED INFRASTRUCTURE | 15 |
MINING CONTRACTOR | 15 |
PRELIMINARY SITE WORKS | 16 |
SINTERING TEST WORK | 16 |
PROJECT FINANCING | 17 |
RESERVES AND RESOURCES - HIGHGRADE HEMATITE | 18 |
MINERAL RESOURCES – ITABIRITE | 20 |
EXPLORATION TARGETS | 21 |
HEALTH AND SAFETY | 23 |
COMMUNITY AND SUSTAINABILITY | 24 |
PEOPLE AND DIVERSITY | 26 |
CORPORATE | 27 |
COMPETENT PERSONS STATEMENT | 28 |
DETAILS OF TENEMENTS | 29 |
FINANCIAL REPORT 2014 | 30 |
DIRECTORS’ REPORT | 32 |
AUDITOR’S INDEPENDENCE DECLARATION | 58 |
DIRECTORS’ DECLARATION | 59 |
CONSOLIDATED STATEMENT OF PROFIT ORLOSS AND OTHER COMPREHENSIVE INCOME | 60 |
CONSOLIDATED STATEMENT OF FINANCIAL POSITION | 61 |
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY | 62 |
CONSOLIDATED STATEMENT OF CASH FLOWS | 63 |
NOTES TO THE FINANCIAL STATEMENTS | 65 |
NOTE 1. GENERAL INFORMATION | 65 |
NOTE 2. SIGNIFICANT CHANGES IN THE CURRENT REPORTING PERIOD | 66 |
NOTE 3. OTHER INCOME | 66 |
NOTE 4. EXPENSES | 67 |
NOTE 5. SEGMENT INFORMATION | 68 |
NOTE 6. FINANCIAL ASSETS AND FINANCIAL LIABILITIES | 70 |
NOTE 7. NON-FINANCIAL ASSETS AND LIABILITIES | 75 |
NOTE 8. EQUITY | 79 |
NOTE 9. CASH FLOW INFORMATION | 81 |
NOTE 10. INCOME TAX | 82 |
NOTE 11. FINANCIAL RISK MANAGMENT | 83 |
NOTE 12. CONTROLLED ENTITIES | 87 |
NOTE 13. CONTINGENT LIABILITIES | 88 |
NOTE 14. CAPITAL AND LEASING COMMITMENTS | 89 |
NOTE 15. EXPENDITURE COMMITMENTS | 90 |
NOTE 16. EVENTS OCCURING AFTER THE REPORTING PERIOD | 90 |
NOTE 17. RELATED PARTY TRANSACTIONS | 91 |
NOTE 18. SHARE BASED PAYMENTS | 92 |
NOTE 19. KEY MANAGEMENT PERSONNEL REMUNERATION | 94 |
NOTE 20. AUDITORS REMUNERATION | 94 |
NOTE 21. LOSS PER SHARE | 95 |
NOTE 22. DIVIDENDS | 95 |
NOTE 23. PARENT ENTITY FINANCIAL INFORMATION | 96 |
NOTE 24. SIGNIFICANT ACCOUNTING POLICIES | 96 |
INDEPENDENT AUDITOR’S REPORT | 103 |
ADDITIONAL INFORMATION | 105 |
CORPORATE DIRECTORY | 107 |