australian zircon nl (AZC) Snapshot

Australian Zircon NL, Annual General Meeting, Oct 25, 2012., at 11:00 W. Australia Standard Time. Location: 52 Ord Street. Agenda: To receive and consider the financial report for the year ended June 30, 2012 and the accompanying Directors' Report, Directors' Declaration and Auditor's Report; to consider re-election of Mr. Thomas Styblo; to consider election of Dr. Gerhard Kornfeld; and to approve 2012 Remuneration Report.

Australian Zircon NL announced the appointment of Mr. Johann Jooste-Jacobs as director of the company effective from September 18, 2012. At the same time, Mr. Martin Adams has resigned from the board but will retain the full time position of Chief Executive Officer of the company.

Australian Zircon NL reported consolidated earnings results for the year ended June 30, 2012. For the year, the company reported loss before income tax of AUD 5,028,823 against profit before income tax of AUD 846,453 a year ago. Loss from continuing operations was AUD 5,028,823 or 0.3 cents per diluted share against profit from continuing operations of AUD 846,453 or 0.1 cents per diluted share a year ago. Loss was AUD 3,928,823 or 0.3 cents per diluted share against profit of AUD 28,960,385 or 2.0 cents per diluted share a year ago. Net cash outflow from operating activities was AUD 418,248 against AUD 3,548,839 a year ago. Payments for acquisition of plant and equipment were AUD 29,718.