MANAGEMENT’S DISCUSSION & ANALYSIS  Form51-102F  For the period ended June 30, 2010  deposits at major Malaysian banks which are guaranteed by the Malaysian government. The Company’s accounts receivable  includes $1,931,453 (2009 – $nil) due from a single Australian Government-owned refinery in Western Australia. Credit risk on  this receivable is negligible and the balance was collected subsequent to year-end.  The Company is exposed to concentration of credit risk with respect to cash and cash equivalents and restricted cash as  $3,854,711 is held with a single Malaysian financial institution. The remaining $279,430 is held with various Canadian financial  institutions. Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company  manages liquidity risk through budgeting and forecasting cash flows to ensure it has sufficient cash to meet its short-term  requirements for operations, business development and other contractual obligations. The Company’s cash and cash  equivalents are highly liquid and immediately available on demand for the Company’s use.  Contractual obligated cash flow maturities of financial liabilities as at June 30, 2010 are as follows:  16 | P a g e Contractual obligated cash flow maturities of financial liabilities as at June 30, 2009 are as follows:  (iii) Liquidity risk  Total  under 3  months  4 to 12 months  1 to 5 Years  Accounts payable and accrued liabilities  $ 3,844,291  $ 3,274,212  $ 570,079  $ -  Total  under 3  months  4 to 12 months  1 to 5 Years  Accounts payable and accrued liabilities  $ 2,095,964  $ 2,095,964  $ - $ - 