All Star Minerals plc
LSE : ASMO

September 30, 2013 11:14 ET

UNAUDITED INTERIM RESULTS TO 30 JUNE 2013

                                                                                          30 September 2013
                                                                                               GB00B12T7004
                                                                                                           
                                                                                                           
                                                  ALL STAR MINERALS PLC
                                       ("All Star", the "Group" or the "Company")
                                                            
                         UNAUDITED INTERIM RESULTS FOR THE SIX MONTH PERIOD ENDED  30 JUNE 2013

All  Star  Minerals plc (ISDX: ASMO), the ISDX Growth Market investment vehicle with a  focus  on   natural
resources   is pleased to announce its interim results for the six month period from 1 January to  30  June
2013.

CHIEF EXECUTIVE OFFICER'S STATEMENT

The  most salient development for All Star since my last report to shareholders at the end of May 2013  has
been  the  announcement of the disposal of two of the Group's subsidiary companies, Jodo Gold Pty  Ltd  and
Circle Resources Pty Ltd, which were sold for AuD500,000 (five hundred thousand Australian dollars). Circle
and Jodo own the Wishbone and Brilliant Brumby projects in Queensland, Australia.

The  prime rationale for the sale of Jodo and Circle was to raise capital to clear the creditors  that  had
arisen from the Company's operations in Queensland. Whilst it was disappointing to have to dispose of these
two projects, it was necessary in order to ensure funds were available to meet the ongoing running costs of
the business, and to clear creditors that had arisen both in Queensland and the UK.

We are cognisant of the fact that securing capital to progress an investment in a junior mining exploration
business  on  the  ISDX  Growth Market is challenging, and we are seeking to address  this  through  giving
consideration  to  a  separate  fundraising exercise for the Plain Creek phosphate-uranium  project  on  an
alternate  platform, such as the Australian Small Scale Offerings Board ("ASSOB"). Such an  exercise  would
free  All  Star from being required to finance the development of the Plain Creek project, and  enable  All
Star to pursue and take advantage of other interesting opportunities.

Given  the focus of the Company in Australia, we have today announced the resignation of Dr Jan-Ola Larsson
from  the board as Technical Director. Dr Larsson was responsible for the Company's historic operations  in
Sweden,  and  we are grateful to him for his involvement with the Company over recent years. We  anticipate
announcing  one  or  more  new  board appointments in the next few weeks, as  we  look  to  strengthen  the
management team.

FINANCIALS

The consolidated financial results for the period from 1 January to 30 June 2013 show a loss after taxation
attributable to equity holders of the parent of GBP136,438. The basic loss per share was 0.04p. The  loss  is
attributable  to  ongoing administrative costs associated with the running of the  Group,  and  exploration
expenses.

The interim results have not been reviewed by the Company's auditor.

OUTLOOK

Whilst  it  was disappointing to dispose of the Brilliant Brumby and Wishbone projects, the most  important
point  is  that  the  Company is now on a more sure financial footing from which to move  forward.  We  are
investigating options to realise value from the Plain Creek phosphate-uranium project, as well as from  the
53.26%  holding in Blue Doe Gold plc. In addition we are looking to strengthen the management team  through
one or more new board appointments.

We  are  cautiously  optimistic that the coming months will see a number of positive developments  for  All
Star.

Conrad Windham
Chief Executive Officer
30 September 2013


The Directors of the Company accept responsibility for the contents of this announcement.

ENQUIRIES:

All Star Minerals Plc
Conrad Windham, CEO
Telephone: 01366 500722

Corporate Adviser
Peterhouse Corporate Finance Limited
Guy Miller / Mark Anwyl
Telephone: 020 7220 9796





ALL STAR MINERALS PLC
CONSOLIDATED INCOME STATEMENT
FOR THE PERIOD ENDED  30 JUNE 2013


                                                                  Unaudited      Unaudited      Unaudited
                                                                 Six Months      13 Months     Six Months
                                                                      Ended          Ended          Ended
                                                                    30 June        31 Dec.         31 May
                                                                       2013           2012           2012
                                                                        GBP              GBP          GBP

Revenue                                                                  -               -               -
Administrative expenses                                           (170,415)       (928,428)       (220,540)
                                                                  ----------     ----------     ----------
OPERATING LOSS                                                    (170,415)       (928,428)       (220,540)
                                                                                               
Finance costs                                                       (2,879)           (154)              -
Other non-operating income                                              55          18,477              47
Other non-operating expenses                                             -               -               -
                                                                  ----------     ----------     ----------
LOSS BEFORE TAX                                                   (173,239)       (910,105)       (220,493)
                                                                                               
Income tax expense                                                       -               -               -
                                                                  ----------     ----------     ----------
LOSS FOR THE PERIOD                                               (173,239)       (910,105)       (220,493)
                                                                  ----------     ----------       ----------
                                                                                               
Attributable to:
Loss attributable to equity holders of the parent                 (136,438)       (721,731)       (220,493)
Loss attributable to Non-controlling interests                     (36,801)       (188,374)              -
                                                                  ----------     ----------     ----------
                                                                  (173,239)       (220,493)       (220,493)
                                                                  ----------     ----------     ----------
EARNINGS PER SHARE                                                                             
(expressed in pence per share)
Basic loss per share for the period                                (0.04)          (0.31)          (0.08)
Diluted loss per share for the period                              (0.04)          (0.27)          (0.07)



CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED  30 JUNE 2013


                                                                  Unaudited      Unaudited      Unaudited
                                                                 Six Months      13 Months     Six Months
                                                                      Ended          Ended          Ended
                                                                    30 June        31 Dec.         31 May
                                                                       2013           2012           2012
                                                                        GBP            GBP            GBP

LOSS FOR THE PERIOD                                                (136,438)       (721,731)      (220,493)
                                                                                               
OTHER COMPREHENSIVE INCOME                                                                     
Issue of share options                                                    -           3,658              -
                                                                                               
                                                                  ----------     ----------     ----------
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD                          (136,438)       (718,073)      (220,493)
                                                                  ----------     ----------     ----------
                                                                   (136,438)       (718,073)      (220,493)
ATTRIBUTABLE TO:
Equity holders of the parent
                                                                  ----------     ----------     ----------



ALL STAR MINERALS PLC
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT  30 JUNE  2013


                                                                  Unaudited      Unaudited        Unaudited
                                                                    30 June        31 Dec.           31 May
                                                                       2013           2012             2012
                                                                        GBP            GBP              GBP
ASSETS                                                                                         
  NON CURRENT ASSETS                                                                           
     Property, plant and equipment                                      275             371            485
     Intangible assets                                              489,070         442,966        600,616
     Available-for-sale financial assets                                  1               1              1
     Trade and other receivables                                     12,464           11522          1,777
                                                                  ----------     ----------       ----------
                                                                    501,810         454,860        602,879
  CURRENT ASSETS                                                                               
     Trade and other receivables                                     21,087          52,002         24,903
     Prepayments                                                      5,471           1,128          7,703
     Cash and cash equivalents                                       17,569           8,824         55,277
                                                                  ----------      ---------        ---------
                                                                     44,127          61,954         87,883
                                                                  ----------     ----------       ----------
  TOTAL ASSETS                                                      545,937         516,814        690,762
                                                                  ----------     ----------       ----------
                                                                                               
  EQUITY PLUS NON-CONTROLLING INTEREST                                                         
  ISSUED CAPITAL AND RESERVES                                                                  
     Issued share capital                                           340,728         315,728        301,818
     Share premium                                                1,152,849       1,152,849      1,124,097
     Reserves                                                       696,894         696,894        693,236
     Retained profits                                            (2,126,226)     (1,989,788)    (1,723,595)
                                                               -------------  -------------    -------------
     SUBSCRIBED CAPITAL                                              64,244          175683        395,556
     Non-controlling interests in net assets                         24,499          61,300         26,000
                                                               -------------  -------------    -------------
     TOTAL EQUITY                                                    88,744         236,983        421,556
     CURRENT LIABILITIES                                                                       
  Tax payables                                                        4,300           4,300         13,364
  Trade and other payables                                          452,893         275,531        255,842
                                                                 ----------     ----------        ---------
                                                                    457,193         279,831        269,206
                                                                  ----------     ----------       ----------
  TOTAL EQUITY AND LIABILITIES                                      545,937         516,814        690,762
                                                                  ----------     ----------       ----------
      
      
    Notes                                                                                            

    1.      The  financial information for the six months ended 30 June 2013; the thirteen months ended  31
            December 2012; and the six months ended 31 May 2012 has not been audited and does not constitute statutory
            accounts within the meaning of Section 434 of the Companies Act 2006.
    
    2.      Basic loss per share has been calculated using the weighted average number of shares of 322,358,154
            (31.12.2012: 291,845,193; 31.05.2012: 275,625,815).
        
            Diluted  loss  per  share has been calculated using the weighted average number  of  shares  of
            379,858,154 (31.12.2012: 332,330,080; 31.05.2012: 315,628,815).
        
            

Contact Information

  • All Star Minerals plc