Financials

QUARTERLY FINANCIAL REPORT
30 June 2008

Consolidated statement of cash flows Cash flows related to operating activities	Current quarter 30 Jun 2008 $A'000	Year to date (12 months) 30 Jun 2008 $A'000
Payments - exploration and evaluation - administration	(58) (99)	(306) (483)
Interest and other items of a similar nature received	6	46
Other - Tenement security deposits - Consulting fees and rental income	10 40	20 155
Net Operating Cash Flows	(101)	(568)
Cash flows related to investing activities
Payment for purchases of - equity investments - other fixed assets	(3) (3)	(237) (3)
Loans to other entities - Western Plains Resources Ltd	0	0
Loans repaid by other entities - Western Plains Resources Ltd	0	0
Other - exploration on behalf of joint venture - joint venture cash calls received	0 0	0 0
Net Investing Cash Flows	(6)	(240)
Total operating and investing cash flows	(107)	(808)
Cash flows related to financing activities
Proceeds from issues of shares, options, etc	350	358
Other - share issue costs	0	0
Net financing cash flows	350	358
Net increase (decrease) in cash held	243	(450)
Cash at beginning of quarter/year to date	501	1,194
Cash at end of quarter	744	744

Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest.

Expenditure for the quarter by joint venture partners on exploration tenements in which PlatSearch has an interest amounted to $2,058,000

Estimated cash outflows for next quarter	$A'000
Exploration and evaluation	175
Development	0
Total	175

Reconciliation of cash
Reconciliation 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.

	Current quarter $A'000	Previous quarter $A'000
Cash on hand and at bank	244	151
Deposits at call	0
Bank overdraft	0	0
Other - bills receivable, bank accepted and short term bank deposits	500	350
Total cash at end of quarter	744	501

Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or conversion rights together with prices and dates

	Number issued	Number quoted	Issue Price (cents)	Paid-up value (cents)
Ordinary shares - fully paid PTS - paid to 1 cent PTSA1 *	87,911,392 450,000	87,911,392 0	25	1
Changes during quarter Increases through issues - previously paid to 8 cents ***	8,750,000	0	12	12
Options PTSAY * PTSAZ PTSAA	3,380,000 2,280,000 300,000	0 0 0	Exercise Price 25 14 18	Expiry Date 24 Nov 2009 27 Nov 2011 28 May 2012
Issued during quarter	0	0	0
Exercised during quarter	0	0	0
Expired during quarter	0	0	0

*	Issued under superceded Share Incentive Plan and superceded Employee Share Option Scheme.
**	Issued under PlatSearch Employee Share Option Plan. Plan approved by shareholders at the Company's Annual General Meeting held on 21 November 2006.
***	Shares previously paid to 8 cents now fully paid (formerly PTSAW). Third payment of 4 cents was received in June 2008 and the shares were allotted on 27 June 2008.

QUARTERLY FINANCIAL REPORT 30 June 2008

QUARTERLY FINANCIAL REPORT
30 June 2008