CONSOLIDATED STATEMENT OF CASH FLOWS FOR  THE YEAR ENDED 30 JUNE 2011 Notes 2011 2010 CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers 72,977,803  94,334,494  Interest received 1,904,148  1,081,219  Other income 624,118  709,283  Payments to suppliers and employees (51,225,232) (90,687,810) Interest paid (304,830) (1,000,006) Net cash flows from operating activities 12(i) 23,976,007  4,437,180  CASH FLOWS FROM INVESTING ACTIVITIES Payments for property, plant and equipment (2,252,369) (2,700,248) Payments for mine properties and development (8,607,433) (8,264,256) Payments for exploration and evaluation (4,858,324) (3,384,694) Payments for research and development - (56,149) Proceeds from sale of property, plant and equipment - Tasmanian tin assets 38(c) - 51,091,067  Proceeds from sale of property, plant and equipment - other 198,894  142,908  Proceeds from sale of intangible assets - 19,750,000  Payments for available-for-sale financial assets (7,150,000) (37,762,112) Proceeds from sales of available-for-sale financial assets 48,579,912  61,605  Payments for investment in associates (3,408,620) (10,212,802) Net cash flows from investing activities 22,502,060  8,665,319  CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from the issue of shares - 16,020,000  Payment of share issue costs - (33,167) Proceeds from borrowings - 20,000,000  Repayment of borrowings - (20,000,000) Advance from customers - (2,644,230) Payment of finance lease liabilities (1,675,890) (3,897,964) Proceeds from performance bond facility 1,684,530  - Net cash flows from financing activities 8,640  9,444,639  Net increase in cash and cash equivalents 46,486,707  22,547,138  Cash and cash equivalents at the beginning of the financial period 29,496,627  6,949,489  Cash and cash equivalents at the end of the period 12 75,983,334  29,496,627 The above consolidated statement of cash flows should be read in conjunction with the accompanying notes. 51 CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2011