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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. 

(iii) Liquidity risk 

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: 

<img src='content_image/283065.jpg'>

Contractual obligated cash flow maturities of financial liabilities as at June 30, 2009 are as follows: 

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