SOUTHERN CROSS EXPLORATION N L

AND CONTROLLED ENTITIES

SIMPLIFIED BALANCE SHEET

AS AT 31 DECEMBER 2011

WHAT SHAREHOLDERS OWN  (Assets)

Financial Assets and Receivables 

Exploration and Evaluation Assets

Investment in Bigrlyi Uranium Joint Venture  

TOTAL ASSETS 

WHAT THE COMPANY OWES  (Liabilities)

TOTAL LIABILITIES  

NET ASSETS

Share Capital, Reserves     

TOTAL EQUITY     

8,454,843

1,544,581

 8,704,300

18,703,724

  2,796,341

  15,907,383

15,907,383

15,907,383