deloitte sa index report

South AustralianStock Exchange Index

An analysis of South Australian companies listed on the Australian Securities Exchange

Macrh 2011 Edition 19: released April 2011

1 South Australia Stock Exchange Index Issue 18

South Australian Stock

Exchange Index The Deloitte SA Index increased by 17.3% during the three months to 31 March 2011, compared to an increase of 5.5% for the previous quarter.

Santos Limited, Ramelius Resources Limited and Beach Energy Limited provided the greatest positive contributions to the Deloitte SA Index for the three months to 31 March 2011.

Quarterly movements

The Deloitte SA Index increased by 17.3% during the three months to 31 March 2011 compared to the S&P/ASX 200, which increased by 1.9% over the same period.

Six month movements

The Deloitte SA Index increased by 23.8% during the six months to 31 March 2011 compared to the S&P/ASX 200, which increased by 5.5% over the same period.

Twelve month movements

The Deloitte SA Index increased by 20.7% over the twelve months to 31 March 2011 compared to the S&P/ASX 200, which decreased by 0.8% over the same period.

David Hill

Partner

Corporate Finance

March 2011, No. 19

South Australia Stock Exchange Index

Published quarterly by Deloitte.

Brought to you by:

David Hill

Deloitte Partner

Corporate Finance

Tel. +61 (0) 8 8407 7181

e-mail: [email protected]

For information regarding the Deloitte SA Index, please contact:

Stephen Adams

Deloitte Director

Corporate Finance

Tel. +61 (0) 8 8407 7025


Matthew Harm

Deloitte Senior Analyst

Corporate Finance

Tel. +61 (0) 8 8407 7692


Adelaide office

Tel. +61 (0) 8 8407 7000

Fax. +61 (0) 8 8407 7003

www.deloitte.com.au


Executive Summary

Welcome to the Deloitte South Australian Stock Exchange Quarterly Index for 31 March 2011.

The Deloitte SA Index (the Index) is compiled from publicly available information provided by the Australian Securities Exchange Limited (ASX). The Index is based on the market capitalisation weighted share price performance of each South Australian listed company. The impact of dividends and capital returns is excluded from the Index. Eighty companies are currently included in the Index.

The Index increased by 17.3% in the 2011 March quarter, outperforming the S&P/ASX 200, which increased by 1.9% over the same period.

Increases

A number of companies enjoyed market capitalisation weighted increases in their share price during the 2011 March quarter, namely, Santos Limited (Santos), Ramelius Resources Limited (Ramelius Resources) and Beach Energy Limited (Beach Energy).

Santos’ share price increased by 18.3% in the three months to 31 March 2011. The share price increase primarily reflected positive market sentiment following the announcement of a Final Investment Decision being reached by the partners to the GLNG Project on 13 January 2011.

Ramelius Resources’ share price increased by 36.6% during the three months to 31 March 2011 reflecting positive market sentiment for the company following its announcement on 17 January 2011 of an expected net profit after tax of approximately $47 million for the six months to 31 December 2010.

Beach Energy was the third highest contributor to the increase in the Index for the three months to 31 March 2011. The increase in Beach Energy’s share price reflects positive market sentiment following Beach Energy’s successful takeover of Impress Energy Limited and the subsequent upgrade to the reserves associated with this acquisition.

On an absolute share price performance basis, energy and materials companies recorded the largest percentage share price increases for the three months to 31 March 2011. The best individual performers were Bionomics Limited, which increased by 67.7%, Adelaide Energy Limited (60.0%) and Archer Exploration Limited (38.2%).


Decreases

The largest negative contributions to the Deloitte SA Index for the 2011 March quarter came from Argo Investments Limited, Hills Industries Limited and Adelaide Brighton Limited.

The companies that recorded the largest percentage share price decreases for the 2011 March quarter were Renaissance Uranium Limited (-70.6%), UraniumSA Limited (-42.6%) and Curnamona Energy Limited (-42.0%).

Industry Movements

The best performing industry sector over the three months to 31 March 2011 on a total market capitalisation basis was the energy sector.

Initial Public Offerings, Additions and Removals

Two companies were added to the Deloitte SA Index following the successful Initial Public Offering of MY ATM Holdings Limited and Core Exploration Limited. MY ATM Holdings Limited closed on 31 March 2011 17.5% below its original list price of $0.20 per share on 13 January 2011. Core Exploration Limited closed on 31 March 2011 2.5% below its original list price of $0.20 per share on 11 February 2011.

In addition, Austin Exploration Limited and Kibaran Nickel Limited (formerly Kagera Nickel Limited), were removed from the Deloitte SA Index in the 2011 March quarter as a result of the companies changing their registered office addresses from South Australia on 31 January 2011 and 25 February 2011, respectively.

1

Note 1. We note that although we have only cited two new additions to the Deloitte SA Index in the three months to 31 March 2011, we have adjusted the number

and data of the companies in the Deloitte SA Index to reflect the addition of Renaissance Uranium Limited, which would otherwise have been included since

December 2010.

Table 1: Largest positive contributions to the Deloitte SA Index in the 2011 March quarter

Company Performance

Santos Limited 9.0%

Ramelius Resources Limited 0.5%

Beach Energy Limited 0.5%

Envestra Limited 0.4%

Bionomics Limited 0.4%

Sundance Energy Australia Limited 0.3%

Flinders Mines Limited 0.3%

Boart Longyear Limited 0.2%

Table 2: Biggest negative contributions to the Deloitte SA Index in the 2011 March quarter

Company Performance

Argo Investments Limited (0.5%)

Hills Industries Limited (0.2%)

Adelaide Brighton Limited (0.2%)

Toro Energy Limited (0.1%)

Elders Limited (0.1%)

K & S Corporation Limited (0.1%)

UraniumSA Limited (0.1%)

Terramin Australia Limited (0.1%)

Table 3: Largest share price increases in the 2011 March quarter

Company Performance

Bionomics Limited 67.7%

Adelaide Energy Limited 60.0%

Archer Exploration Limited 38.2%

Clean Seas Tuna Limited 38.1%

Ramelius Resources Limited 33.6%

Petratherm Ltd 33.3%

Sundance Energy Australia Limited 31.1%

Strzelecki Metals Limited 30.4%

Table 4: Biggest share price decreases in the 2011 March quarter

Company Performance

Renaissance Uranium Limited (70.6%)

UraniumSA Limited (42.6%)

Curnamona Energy Limited (42.0%)

Uranium Equities Limited (41.2%)

Lincoln Minerals Limited (40.4%)

Havilah Resources NL (39.3%)

Penrice Soda Holdings Limited (39.2%)

Toro Energy Limited (37.5%)

Note: Tables subject to rounding

Source: Deloitte analysis, ASX, Thomson Reuters


Market Wrap – 31 March 2011 Companies listed in the Deloitte SA Index have been divided into the categories listed in the table below for the purposes of the quarterly market wrap.

Market capitalisation

Nano cap Less than $ 50 million

Micro cap $50 million to $300 million

Small cap $300 million to $2 billion

Mid cap $2 billion to $10 billion

Large cap $10 billion to $200 billion

Mega cap Market capitalisation of $200 billion and greater

Table 5: Major movements of market capitalisation in each category

Increases Mar-11 Dec-10 Company Name Mkt Cap % change % change

Ranking Ranking Mar-11 share market

$ million price capitalisation

Large cap 1 1 Santos Limited 13,595 18.3% 18.3%

Mid cap 3 3 Boart Longyear Limited 2,158 2.6% 2.6%

Small cap 7 8 Ramelius Resources Limited 417 33.6% 33.6%

9 9 Flinders Mines Limited 337 23.3% 23.4%

6 6 Envestra Limited 858 14.3% 14.3%

5 5 Beach Energy Limited 1,066 12.1% 12.1%

Micro cap 15 17 Bionomics Limited 166 67.7% 67.8%

24 30 Adelaide Energy Limited 55 60.0% 60.0%

20 26 Clean Seas Tuna Limited1 70 38.1% 58.8%

10 12 Sundance Energy Australia Limited 268 31.1% 32.8%

23 25 Western Desert Resources Limited 57 29.8% 29.8%

Nano cap 25 38 Mithril Resources Limited1 46 16.7% 86.9%

59 65 ERO Mining Limited1 10 (23.7%) 46.9%

39 47 Renaissance Uranium Limited1 24 (70.6%) 40.0%

51 55 Archer Exploration Limited 15 38.2% 38.2%

48 52 Petratherm Ltd 18 33.3% 33.3%

Decreases Mar-11 Dec-10 Company Name Mkt Cap % change % change

Ranking Ranking Dec-10 share market

$ million price capitalisation

Mid cap 2 2 Argo Investments Limited 3,723 (3.6%) (3.1%)

4 4 Adelaide Brighton Limited 2,045 (2.4%) (2.4%)

Small cap 8 7 Hills Industries Limited 380 (18.0%) (18.0%)

Micro cap 18 14 Toro Energy Limited 96 (37.5%) (37.5%)

21 19 Terramin Australia Limited 62 (27.1%) (22.7%)

12 10 Elders Limited 227 (13.7%) (13.7%)

14 13 K & S Corporation Limited 167 (13.2%) (13.2%)

16 16 Centrex Metals Limited 119 (4.9%) (4.9%)

Nano cap 58 48 Curnamona Energy Limited 10 (42.0%) (42.0%)

42 29 Uranium Equities Limited 21 (41.2%) (41.2%)

43 31 Penrice Soda Holdings Limited 21 (39.2%) (39.2%)

29 22 Havilah Resources NL 36 (39.3%) (39.0%)

26 21 UraniumSA Limited 42 (42.6%) (36.2%)


Note 1: Reflects the inclusion of an equity capital raising


Table 6: Major movements in market capitalisation for the three months ended 31 March 2011

$ million

Market Capitalisation of Deloitte SA Index as at 31 December 2010 25,090

Net new SA additions/removals 2011 March quarter 12

Major increases Santos Limited 2,100

( ∆ > +$20 million) Beach Energy Limited 115

Envestra Limited 107

Ramelius Resources Limited 105

Bionomics Limited 67

Sundance Energy Australia Limited 66

Flinders Mines Limited 64

Boart Longyear Limited 55

Clean Seas Tuna Limited 26

Novarise Renewable Resources International Limited 22

Mithril Resources Limited 21

Adelaide Energy Limited 20

Major decreases Argo Investments Limited (120)

( ∆ < -$20 million) Hills Industries Limited (83)

Toro Energy Limited (58)

Adelaide Brighton Limited (51)

Elders Limited (36)

K & S Corporation Limited (25)

UraniumSA Limited (24)

Havilah Resources NL (23)

Other movements (net) (36)

Total increase/(decrease) 2,326

Market Capitalisation of Deloitte SA Index as at 31 March 2011 27,416

Source: Deloitte analysis, ASX

Table 7: Market capitalisation by industry as at 31 March 2011

Industry Number of 31-Mar-11 31-Dec-10 $ Mvt

Quarter % of

index % change % change % change

companies $ million $ million $ million last quarter 6 months 12 months

Automobile & Components - - - - - - - -

Banks - - - - - - - -

Capital Goods 9 2,817 2,819 (2) 10.3% (0.1%) 23.9% 21.9%

Consumer Durables & Apparel 3 37 31 6 0.1% 19.4% 43.7% (15.5%)

Diversified Financials 2 3,746 3,866 (120) 13.7% (3.1%) 4.8% (6.9%)

Energy 15 15,295 13,083 2,212 55.8% 16.9% 29.6% 14.3%

Food & Staples Retailing - - - - - - - -

Food Beverage & Tobacco 6 345 362 (17) 1.3% (4.8%) (4.1%) (49.5%)

Health Care Equipment & Services 4 57 61 (4) 0.2% (6.2%) (12.9%) 49.3%

Materials 29 3,566 3,454 111 13.0% 3.2% 6.6% 29.5%

Pharmaceuticals, Biotechnology & Life Sciences 2 169 102 67 0.6% 65.8% 86.2% 53.9%

Real Estate 2 19 19 (0) 0.1% (2.6%) 36.5% 34.5%

Retailing - - - - - - (100.0%) (100.0%) Semiconductors & Semiconductor Equipment 1 73 74 (1) 0.3% (1.5%) 39.7% 86.6%

Software & Services 2 13 14 (1) 0.0% (6.5%) (17.6%) (48.6%) Technology Hardware & Equipment 3 254 260 (7) 0.9% (2.6%) (18.2%) 5.4%

Transportation 1 167 193 (25) 0.6% (13.2%) (18.7%) (19.9%)

Utilities 1 858 751 107 3.1% 14.3% 21.3% 24.9%

TOTAL 80 27,416 25,090 2,326 100.0% 9.3% 19.5% 11.2%


South Australia’s share

price performance Figure 1: Monthly performance to 31 March 2011, top eight gains

Figure 2: Quarterly performance to 31 March 2011, top eight gains

Figure 3: Yearly performance to 31 March 2011, top eight gains


0% 10% 20% 30% 40% 50% 60% 70%

Archer Exploration Limited

Agricultural Land Trust

Petratherm Ltd

Western Desert Resources Limited

Ramelius Resources Limited

Scantech Limited

Bionomics Limited

Thor Mining PLC

0% 10% 20% 30% 40% 50% 60% 70% 80%

Strzelecki Metals Limited

Sundance Energy Australia Limited

Petratherm Ltd


Clean Seas Tuna Limited

Archer Exploration Limited

Adelaide Energy Limited

Bionomics Limited

0% 100% 200% 300% 400% 500% 600% 700%

Phoenix Copper Limited

Stuart Petroleum Limited

Legend Corporation Limited

Mesbon China Nylon Limited

Earth Heat Resources Ltd


Thor Mining PLC

Sundance Energy Australia Limited


Figure 4: Monthly performance to 31 March 2011, bottom eight

Figure 5: Quarterly performance to 31 March 2011, bottom eight

Figure 6: Yearly performance to 31 March 2011, bottom eight


(50%) (45%) (40%) (35%) (30%) (25%) (20%) (15%) (10%) (5%) 0%

Renaissance Uranium Limited

UraniumSA Limited

Uranium Equities Limited

Marathon Resources Limited

Uranium Exploration Australia Limited

Toro Energy Limited

Curnamona Energy Limited

MY ATM Holdings Limited

(80%) (70%) (60%) (50%) (40%) (30%) (20%) (10%) 0%

Renaissance Uranium Limited

UraniumSA Limited

Curnamona Energy Limited

Uranium Equities Limited

Lincoln Minerals Limited

Havilah Resources NL

Penrice Soda Holdings Limited

Toro Energy Limited

(90%) (80%) (70%) (60%) (50%) (40%) (30%) (20%) (10%) 0%

Adelaide Managed Funds Asset Backed Yield Trust

Island Sky Australia Limited

Penrice Soda Holdings Limited

Thomas Bryson International Limited

Papyrus Limited

Geothermal Resources Limited

Elders Limited

Lincoln Minerals Limited


Comparison of the Deloitte SA Index

and the S&P/ASX 200 Index

The Deloitte SA Index outperformed the S&P/ASX 200 Index during the three months to 31 March 2011, the latter increasing by 1.9% compared to the Deloitte SA Index, which increased by 17.3% over this period.

The largest positive contributions to the Deloitte SA Index for the three months to 31 March 2011 came from Santos (9.0%), Ramelius Resources (0.5%) and Beach Energy (0.5%). The largest negative contributions to the Deloitte SA Index for the same three month period came from Argo Investments Limited (-0.5%), Hills Industries Limited (-0.2%) and Adelaide Brighton Limited (-0.2%).

For the six months to 31 March 2011, the Deloitte SA Index outperformed the S&P/ASX 200, recording an increase of 23.8% compared to an increase of 5.5% for the S&P/ASX 200.

For the twelve months to 31 March 2011, the Deloitte SA Index outperformed the S&P/ASX 200, recording an increase of 20.7% compared with a decrease of 0.8% for the S&P/ASX 200.

Table 8: Percentage change in major indices

Last 12 Last Six Last Two Three Four Five

Index Name months months month months months months months

Deloitte SA Index 20.7% 23.8% 9.4% 14.4% 17.3% 26.8% 25.0%

S&P/ASX 200 (0.8%) 5.5% 0.1% 1.7% 1.9% 5.5% 3.8%


Figure 7: Percentage change to 31 March 2011: Deloitte SA Index vs S&P/ASX 200 index


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Deloitte SA Index S&P/ASX 200

Base=1 as at 30 June 2005


Companies included in the Deloitte SA

Index as at 31 March 2011 Table 9: Constituents of the Deloitte SA Index ranked by share price performance during the 2011 March quarter

Rank Code Company Share price

Share price Change Change High Low

31-Mar-11 31-Dec-10 $ price $ price

$ $ $ % Year Year

1 BNO Bionomics Limited 0.52 0.31 0.21 67.7% 0.54 0.24

2 ADE Adelaide Energy Limited 0.16 0.10 0.06 60.0% 0.18 0.06

3 AXE Archer Exploration Limited 0.24 0.17 0.07 38.2% 0.32 0.09

4 CSS Clean Seas Tuna Limited 0.15 0.11 0.04 38.1% 0.19 0.08

5 RMS Ramelius Resources Limited 1.43 1.07 0.36 33.6% 1.46 0.36

6 PTR Petratherm Ltd 0.14 0.11 0.04 33.3% 0.26 0.10

7 SEA Sundance Energy Australia Limited 0.97 0.74 0.23 31.1% 1.10 0.12

8 STZ Strzelecki Metals Limited 0.03 0.02 0.01 30.4% 0.05 0.01

9 WDR Western Desert Resources Limited 0.37 0.29 0.09 29.8% 0.61 0.26

10 MES Mesbon China Nylon Limited 0.20 0.16 0.05 29.0% 0.24 0.09

11 SAU Southern Gold Limited 0.09 0.07 0.02 27.9% 0.13 0.07

12 AJJ Asian Centre For Liver Diseases And Transplantation Limited 0.14 0.11 0.03 27.3% 0.16 0.04

13 ISK Island Sky Australia Limited 0.01 0.01 0.00 27.3% 0.10 0.01

14 NOE Novarise Renewable Resources International Limited 0.28 0.23 0.06 24.4% 0.33 0.15

15 FMS Flinders Mines Limited 0.19 0.15 0.04 23.3% 0.23 0.08

16 THR Thor Mining PLC 0.07 0.05 0.01 20.4% 0.08 0.01

17 STO Santos Limited 15.55 13.15 2.40 18.3% 15.70 11.24

18 STU Stuart Petroleum Limited 0.91 0.78 0.13 16.7% 1.04 0.36

19 MTH Mithril Resources Limited 0.21 0.18 0.03 16.7% 0.23 0.11

20 EHR Earth Heat Resources Ltd 0.06 0.05 0.01 14.6% 0.10 0.01

21 MOX Monax Mining Limited 0.07 0.06 0.01 14.5% 0.13 0.05

22 ENV Envestra Limited 0.60 0.53 0.08 14.3% 0.64 0.48

23 BPT Beach Energy Limited 0.97 0.87 0.11 12.1% 0.98 0.60

24 GLG Gerard Lighting Group Limited 0.95 0.87 0.08 9.2% 1.00 0.80

25 CNR Coonawarra Australia Property Trust 0.07 0.06 0.01 8.3% 0.09 0.06

26 CYS Chrysalis Resources Limited 0.20 0.19 0.02 8.1% 0.38 0.12

27 BLY Boart Longyear Limited 4.68 4.56 0.12 2.6% 4.93 2.43

28 EAL E & A Limited 0.21 0.20 0.00 2.5% 0.34 0.17

29 MEU Marmota Energy Limited 0.09 0.09 - - 0.12 0.06

30 TBI Thomas Bryson International Limited 0.10 0.10 - - 0.42 0.10

31 TWT TWT Group Limited 0.06 0.06 - - 0.14 0.05

32 ARR Arasor International 0.02 0.02 - - 0.02 0.02

33 MWR MGM Wireless Limited 0.01 0.01 - - 0.01 0.01

34 CKP Cheviot Kirribilly Vineyard Property Group 0.13 0.13 - - 0.24 0.13

35 LGD Legend Corporation Limited 0.34 0.34 (0.01) (1.5%) 0.39 0.16

36 CDA Codan Limited 1.46 1.48 (0.02) (1.7%) 1.83 1.15

37 MEP Minotaur Exploration Ltd 0.27 0.28 (0.01) (1.8%) 0.38 0.17

38 SHR John Shearer (Holdings) Limited 2.50 2.55 (0.05) (2.0%) 3.00 2.50

39 AYT Adelaide Managed Funds Asset Backed Yield Trust 0.25 0.25 (0.01) (2.0%) 0.30 0.15

40 ABC Adelaide Brighton Limited 3.22 3.30 (0.08) (2.4%) 3.69 2.47


Table 9: Constituents of the Deloitte SA Index ranked by share price performance during the 2011 March quarter (continued)

Rank Code Company Share price

Share price Change Change High Low

31-Mar-11 31-Dec-10 $ price $ price

$ $ $ % Year Year

41 AYX Austofix Group Limited 0.58 0.60 (0.02) (3.3%) 1.05 0.58

42 OUM Outback Metals Ltd 0.03 0.03 (0.00) (3.6%) 0.04 0.02

43 ARG Argo Investments Limited 6.09 6.32 (0.23) (3.6%) 6.60 5.51

44 CXM Centrex Metals Limited 0.39 0.41 (0.02) (4.9%) 0.52 0.35

45 AGJ Agricultural Land Trust 0.18 0.19 (0.01) (5.3%) 0.19 0.13

46 LBT LBT Innovations Limited 0.06 0.07 (0.00) (6.2%) 0.11 0.06

47 SCD Scantech Limited 0.38 0.41 (0.03) (7.3%) 0.41 0.20

48 PRO Prophecy International Holdings Limited 0.25 0.27 (0.02) (7.4%) 0.48 0.23

49 GHT Geothermal Resources Limited 0.09 0.10 (0.01) (8.0%) 0.29 0.09

50 MXR Maximus Resources Limited 0.02 0.02 (0.00) (9.5%) 0.03 0.01

51 AVG Australian Vintage Limited 0.31 0.35 (0.04) (11.4%) 0.46 0.20

52 ADN Adelaide Resources Limited 0.17 0.19 (0.03) (13.2%) 0.27 0.13

53 KSC K & S Corporation Limited 1.95 2.24 (0.30) (13.2%) 2.84 1.95

54 ELD Elders Limited 0.51 0.59 (0.08) (13.7%) 1.41 0.32

55 PHW Prince Hill Wines Limited 0.01 0.01 (0.00) (14.3%) 0.01 0.01

56 KOV Korvest Limited 3.96 4.65 (0.69) (14.8%) 5.52 3.92

57 BNV Brand New Vintage Limited 0.02 0.02 (0.00) (15.0%) 0.04 0.01

58 SNE Somerton Energy Limited 0.14 0.16 (0.03) (15.6%) 0.31 0.11

59 UXA Uranium Exploration Australia Limited 0.03 0.04 (0.01) (15.8%) 0.07 0.03

60 MTN Marathon Resources Limited 0.40 0.48 (0.08) (16.7%) 0.79 0.26

61 HIL Hills Industries Limited 1.53 1.87 (0.34) (18.0%) 2.93 1.37

62 SYS Syngas Limited 0.02 0.02 (0.00) (19.0%) 0.06 0.01

63 ERO ERO Mining Limited 0.03 0.04 (0.01) (23.7%) 0.07 0.02

64 PNX Phoenix Copper Limited 0.28 0.38 (0.10) (26.3%) 0.40 0.13

65 TZN Terramin Australia Limited 0.35 0.48 (0.13) (27.1%) 0.84 0.34

66 RCM Reclaim Industries Limited 0.04 0.06 (0.02) (27.3%) 0.06 0.02

67 DGI Digislide Holdings Limited 0.14 0.20 (0.06) (28.2%) 0.25 0.07

68 LSN Lawson Gold Limited 0.18 0.25 (0.08) (30.0%) 0.30 0.18

69 PPY Papyrus Limited 0.10 0.15 (0.05) (33.3%) 0.43 0.10

70 ELX Ellex Medical Lasers Limited 0.20 0.31 (0.11) (34.4%) 0.37 0.11

71 TOE Toro Energy Limited 0.10 0.16 (0.06) (37.5%) 0.18 0.06

72 PSH Penrice Soda Holdings Limited 0.23 0.37 (0.15) (39.2%) 0.80 0.21

73 HAV Havilah Resources NL 0.44 0.73 (0.29) (39.3%) 0.85 0.33

74 LML Lincoln Minerals Limited 0.14 0.24 (0.10) (40.4%) 0.41 0.13

75 UEQ Uranium Equities Limited 0.10 0.17 (0.07) (41.2%) 0.20 0.07

76 CUY Curnamona Energy Limited 0.15 0.25 (0.11) (42.0%) 0.29 0.13

77 USA UraniumSA Limited 0.29 0.51 (0.22) (42.6%) 0.70 0.14

78 RNU Renaissance Uranium Limited 0.10 0.34 (0.24) (70.6%) 0.21 0.10

79 MYA MY ATM Holdings Limited 0.17 - 0.17 n/a 0.35 0.14

80 CXO Core Exploration Ltd 0.20 - 0.20 n/a 0.25 0.16



Table 10: Constituents of the Deloitte SA Index ranked by market capitalisation as at 31 March 2011

This Quarter

Last Quarter Code Company

Market cap

Market cap Change Change Last High Low

31-Mar-11 31-Dec-10 $ price $ price $ price

$ million $ million $ million % Month Year Year

1 1 STO Santos Limited 13,594.5 11,494.3 2,100.2 18.3% 15.55 15.70 11.24

2 2 ARG Argo Investments Limited 3,722.5 3,842.1 (119.6) (3.1%) 6.09 6.60 5.51

3 3 BLY Boart Longyear Limited 2,158.2 2,102.9 55.3 2.6% 4.68 4.93 2.43

4 4 ABC Adelaide Brighton Limited 2,045.1 2,095.9 (50.8) (2.4%) 3.22 3.69 2.47

5 5 BPT Beach Energy Limited 1,066.1 950.7 115.4 12.1% 0.97 0.98 0.60

6 6 ENV Envestra Limited 858.2 751.0 107.3 14.3% 0.60 0.64 0.48

7 8 RMS Ramelius Resources Limited 416.6 311.7 104.9 33.6% 1.43 1.46 0.36

8 7 HIL Hills Industries Limited 380.5 463.8 (83.3) (18.0%) 1.53 2.93 1.37

9 9 FMS Flinders Mines Limited 336.8 273.0 63.8 23.4% 0.19 0.23 0.08

10 12 SEA Sundance Energy Australia Limited 268.4 202.1 66.4 32.8% 0.97 1.10 0.12

11 11 CDA Codan Limited 238.8 242.9 (4.1) (1.7%) 1.46 1.83 1.15

12 10 ELD Elders Limited 226.5 262.4 (35.9) (13.7%) 0.51 1.41 0.32

13 15 GLG Gerard Lighting Group Limited 168.2 154.0 14.2 9.2% 0.95 1.00 0.80

14 13 KSC K & S Corporation Limited 167.4 192.8 (25.4) (13.2%) 1.95 2.84 1.95

15 17 BNO Bionomics Limited 165.7 98.7 67.0 67.8% 0.52 0.54 0.24

16 16 CXM Centrex Metals Limited 119.5 125.7 (6.2) (4.9%) 0.39 0.52 0.35

17 18 NOE Novarise Renewable Resources International Limited 111.8 89.8 22.0 24.4% 0.28 0.33 0.15

18 14 TOE Toro Energy Limited 96.5 154.4 (57.9) (37.5%) 0.10 0.18 0.06

19 20 LGD Legend Corporation Limited 72.7 73.8 (1.1) (1.5%) 0.34 0.39 0.16

20 26 CSS Clean Seas Tuna Limited 69.7 43.9 25.8 58.8% 0.15 0.19 0.08

21 19 TZN Terramin Australia Limited 62.1 80.3 (18.3) (22.7%) 0.35 0.84 0.34

22 23 STU Stuart Petroleum Limited 61.2 52.3 8.9 17.0% 0.91 1.04 0.36

23 25 WDR Western Desert Resources Limited 57.2 44.1 13.1 29.8% 0.37 0.61 0.26

24 30 ADE Adelaide Energy Limited 54.6 34.1 20.5 60.0% 0.16 0.18 0.06

25 38 MTH Mithril Resources Limited 46.1 24.7 21.4 86.9% 0.21 0.23 0.11

26 21 USA UraniumSA Limited 42.4 66.4 (24.0) (36.2%) 0.29 0.70 0.14

27 24 AVG Australian Vintage Limited 39.1 45.0 (5.9) (13.1%) 0.31 0.46 0.20

28 28 MTN Marathon Resources Limited 36.9 37.0 (0.1) (0.3%) 0.40 0.79 0.26

29 22 HAV Havilah Resources NL 36.3 59.4 (23.2) (39.0%) 0.44 0.85 0.33

30 27 KOV Korvest Limited 34.6 40.4 (5.7) (14.2%) 3.96 5.52 3.92

31 35 EHR Earth Heat Resources Ltd 31.1 26.1 5.0 19.2% 0.06 0.10 0.01

32 33 SHR John Shearer (Holdings) Limited 30.8 31.5 (0.6) (2.0%) 2.50 3.00 2.50

33 40 THR Thor Mining PLC 28.6 23.7 4.9 20.9% 0.07 0.08 0.01

34 43 MES Mesbon China Nylon Limited 27.0 21.0 6.1 29.0% 0.20 0.24 0.09

35 44 AJJ Asian Centre For Liver Diseases And Transplantation Limited 26.4 20.7 5.7 27.3% 0.14 0.16 0.04

36 32 PNX Phoenix Copper Limited 26.0 32.6 (6.6) (20.2%) 0.28 0.40 0.13

37 37 MEP Minotaur Exploration Ltd 25.0 25.5 (0.5) (1.8%) 0.27 0.38 0.17

38 39 ADN Adelaide Resources Limited 23.9 24.3 (0.4) (1.7%) 0.17 0.27 0.13

39 47 RNU Renaissance Uranium Limited 23.7 16.9 6.8 40.0% 0.10 0.21 0.10

40 41 AYT Adelaide Managed Funds Asset Backed Yield Trust 23.1 23.5 (0.5) (2.0%) 0.25 0.30 0.15

41 49 SAU Southern Gold Limited 21.1 16.5 4.6 27.9% 0.09 0.13 0.07

42 29 UEQ Uranium Equities Limited 21.0 35.7 (14.7) (41.2%) 0.10 0.20 0.07

43 31 PSH Penrice Soda Holdings Limited 20.6 33.8 (13.2) (39.2%) 0.23 0.80 0.21

44 45 EAL E & A Limited 19.8 19.3 0.5 2.5% 0.21 0.34 0.17

45 42 SNE Somerton Energy Limited 19.1 23.3 (4.2) (18.0%) 0.14 0.31 0.11

46 34 LML Lincoln Minerals Limited 18.7 27.5 (8.8) (31.9%) 0.14 0.41 0.13

47 - MYA MY ATM Holdings Limited 18.7 - 18.7 - 0.17 0.35 0.14

48 52 PTR Petratherm Ltd 17.7 13.3 4.4 33.3% 0.14 0.26 0.10


Table 10: Constituents of the Deloitte SA Index ranked by market capitalisation as at 31 March 2011 (continued)

This Quarter

Last Quarter Code Company

Market cap

Market cap Change Change Last High Low

31-Mar-11 31-Dec-10 $ price $ price $ price

$ million $ million $ million % Month Year Year

49 46 AGJ Agricultural Land Trust 17.0 17.5 (0.5) (2.8%) 0.18 0.19 0.13

50 36 ELX Ellex Medical Lasers Limited 17.0 25.9 (8.9) (34.4%) 0.20 0.37 0.11

51 55 AXE Archer Exploration Limited 15.1 11.0 4.2 38.2% 0.24 0.32 0.09

52 51 MEU Marmota Energy Limited 14.0 14.0 0.0 0.0% 0.09 0.12 0.06

53 53 PRO Prophecy International Holdings Limited 11.8 12.7 (0.9) (7.4%) 0.25 0.48 0.23

54 50 PPY Papyrus Limited 11.0 14.5 (3.5) (24.4%) 0.10 0.43 0.10

55 59 STZ Strzelecki Metals Limited 10.8 8.3 2.5 30.4% 0.03 0.05 0.01

56 57 MOX Monax Mining Limited 10.5 9.2 1.3 14.5% 0.07 0.13 0.05

57 54 UXA Uranium Exploration Australia Limited 10.0 11.9 (1.9) (15.8%) 0.03 0.07 0.03

58 48 CUY Curnamona Energy Limited 9.6 16.5 (6.9) (42.0%) 0.15 0.29 0.13

59 65 ERO ERO Mining Limited 9.6 6.5 3.1 46.9% 0.03 0.07 0.02

60 58 CYS Chrysalis Resources Limited 9.0 8.3 0.7 8.1% 0.20 0.38 0.12

61 56 DGI Digislide Holdings Limited 8.2 10.3 (2.1) (20.6%) 0.14 0.25 0.07

62 - CXO Core Exploration Ltd 8.1 - 8.1 - 0.20 0.25 0.16

63 61 AYX Austofix Group Limited 7.6 7.7 (0.1) (1.7%) 0.58 1.05 0.58

64 64 TBI Thomas Bryson International Limited 6.9 6.9 - - 0.10 0.42 0.10

65 62 SCD Scantech Limited 6.7 7.2 (0.5) (7.3%) 0.38 0.41 0.20

66 67 OUM Outback Metals Ltd 6.3 6.5 (0.2) (3.6%) 0.03 0.04 0.02

67 68 LBT LBT Innovations Limited 6.1 6.5 (0.4) (6.2%) 0.06 0.11 0.06

68 63 BNV Brand New Vintage Limited 6.0 7.0 (1.1) (15.0%) 0.02 0.04 0.01

69 69 MXR Maximus Resources Limited 5.7 6.3 (0.6) (9.5%) 0.02 0.03 0.01

70 72 SYS Syngas Limited 4.8 5.2 (0.4) (6.9%) 0.02 0.06 0.01

71 71 RCM Reclaim Industries Limited 4.5 5.6 (1.0) (18.4%) 0.04 0.06 0.02

72 70 LSN Lawson Gold Limited 4.4 6.2 (1.9) (30.0%) 0.18 0.30 0.18

73 74 TWT TWT Group Limited 3.5 3.5 - - 0.06 0.14 0.05

74 73 GHT Geothermal Resources Limited 3.3 3.6 (0.3) (8.0%) 0.09 0.29 0.09

75 75 ARR Arasor International 3.1 3.1 - - 0.02 0.02 0.02

76 76 PHW Prince Hill Wines Limited 2.1 2.5 (0.4) (14.3%) 0.01 0.01 0.01

77 79 ISK Island Sky Australia Limited 2.0 1.6 0.4 27.3% 0.01 0.10 0.01

78 77 MWR MGM Wireless Limited 1.7 1.7 - - 0.01 0.01 0.01

79 78 CKP Cheviot Kirribilly Vineyard Property Group 1.7 1.7 - - 0.13 0.24 0.13

80 80 CNR Coonawarra Australia Property Trust 1.1 1.1 0.1 8.3% 0.07 0.09 0.06



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