UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

x	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE QUARTERLY PERIOD ENDED September 30, 2012

¨	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE TRANSITION PERIOD FROM ___________ TO ___________

Commission file number 000-14691

INDEPENDENCE RESOURCES PLC

(Exact name of registrant as specified in its charter)

England	77-0039728
(State or other jurisdiction of Incorporation or organization)	(I.R.S. Employer Identification No.)

6039 St. Croix Ave
Coeur d’Alene, ID	83815
(Address of principal executive offices)	(Zip Code)
7 Office Way, Suite 218, Hilton Head, SC 29928
(Former address of principal executive offices)

Registrant’s telephone number including area code: (843) 715-9504

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ¨	Accelerated filer ¨
Non-accelerated filer ¨ (Do not check if a smaller reporting company)	Smaller reporting company x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x

As of November 9, 2012, the registrant had 17,355,760 ordinary shares outstanding, including 7,795,191 shares issued as of November 9, 2012 represented by American Depositary shares.

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION	3

Item 1. FINANCIAL STATEMENTS	3

Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	12

Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	16

Item 4. CONTROLS AND PROCEDURES	16

PART II - OTHER INFORMATION	17

Item 1. LEGAL PROCEEDINGS	17

Item 4. MINE SAFETY DISCLOSURES	17

Item 6. EXHIBITS	17

SIGNATURES	17

PART I - FINANCIAL INFORMATION

Item 1. FINANCIAL STATEMENTS

INDEPENDENCE RESOURCES PLC
CONDENSED CONSOLIDATED BALANCE SHEETS

	September 30			December 31
	2012			2011
	(unaudited)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	76,442		$	1,520,321
Investments - available for sale		119,607			122,421
Trade receivables		29,501			25,476
Receivable - related party		5,500			5,500
Other current assets		88,965			88,992
Oil & gas properties and equipment held for sale		260,000			-
Total Current Assets		580,015			1,762,710
PROPERTY, PLANT AND EQUIPMENT, net		182,943			353,605
OIL AND GAS PROPERTIES, USING SUCCESSFUL EFFORTS ACCOUNTING
Unproved properties		-			149,647
Wells and related equipment		-			578,843
MINING PROPERTIES
Mining claims		6,493,202			6,357,000
OTHER ASSETS
Deposit on equipment		-			328,500
Goodwill		1,558,900			-
Total Other Assets		1,558,900			328,500
TOTAL ASSETS	$	8,815,060		$	9,530,305
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable	$	260,019		$	462,417
Accrued liabilities		128,749			215,145
Deferred revenue and license fee		114,770			172,154
Judgment payable		348,516			-
Total Current Liabilities		852,054			849,716
LONG TERM LIABILITIES
Deferred license fee		-			71,731
Ordinary shares payable		1,012,000			-
Total Long Term Liabilities		1,012,000			71,731
TOTAL LIABILTIES		1,864,054			921,447
COMMITMENTS AND CONTINGENCIES (See Note 10)
STOCKHOLDERS' EQUITY
Ordinary shares
Authorized shares: $0.65 (40 pence) par value, 100,000,000; 17,355,760 shares issued and outstanding		10,999,743			10,999,743
Share premium		88,351,983			88,351,983
Accumulated deficit		(92,728,978	)		(90,672,350	)
Accumulated other comprehensive income - translation		(844	)		(4,044	)
Accumulated other comprehensive income - unrealized loss on investments available for sale		(96,063	)		(66,474	)
Total Independence Resources, PLC Stockholders' Equity		6,525,841			8,608,858
Non-controlling interest		425,165			-
Total equity		6,951,006			8,608,858
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	8,815,060		$	9,530,305

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

INDEPENDENCE RESOURCES PLC

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

	Three Months			Three Months			Nine Months			Nine Months
	Ended			Ended			Ended			Ended
	September 30			September 30			September 30			September 30
	2012			2011			2012			2011
	(unaudited)			(unaudited)			(unaudited)			(unaudited)
REVENUES
Oil and gas revenue	$	18,490		$	13,627		$	60,130		$	82,744
Contracting revenue		77,440			-			77,440			-
TOTAL REVENUE		95,930			13,627			137,570			82,744
OPERATING EXPENSES
Administration, sales and marketing		228,488			562,197			1,112,731			1,869,449
Contracting expense		72,923			-			72,923			-
Exploration expense		7,855			158,046			342,345			332,257
Loss on impairment of investment - oil and gas property		429,519			-			470,769			-
Loss on sale of note and contractual right receivable		-			412,367			-			412,367
TOTAL OPERATING EXPENSES		738,785			1,132,610			1,998,768			2,614,073
LOSS FROM OPERATIONS		(642,855	)		(1,118,983	)		(1,861,198	)		(2,531,329	)
OTHER INCOME (EXPENSE)
Interest income		320			77,574			720			116,157
Interest expense		-			(85,348	)		(48	)		(330,558	)
Other income (expense)		-			-			(21	)		-
Change in fair value of option liability		-			741,231			-			36,795
Exchange gain (loss)		475			(6	)		433			(6,858	)
Loss on disposal of subsidiary		-			-			(30,245	)		-
Gain (loss) on impairment of investment		-			(100,000	)		-			(100,000	)
Loss on judgment		(350,219	)		-			(350,219	)		-
TOTAL OTHER INCOME(EXPENSE)		(349,424	)		633,451			(379,380	)		(284,464	)
LOSS FROM CONTINUING OPERATIONS BEFORE TAXES		(992,279	)		(485,532	)		(2,240,578	)		(2,815,793	)
INCOME TAX BENEFIT (EXPENSE)		-			-			-			-
NET LOSS FROM CONTINUING OPERATIONS		(992,279	)		(485,532	)		(2,240,578	)		(2,815,793	)
INCOME FROM DISCONTINUED OPERATIONS		43,039			244,928			129,115			571,127
NET LOSS		(949,240	)		(240,604	)		(2,111,463	)		(2,244,666	)
Less: Net loss attributable to non-controlling interest		18,735			-			54,835			-
NET LOSS ATTRIBUTABLE TO INDEPENDENCE RESOURCES, PLC	$	(930,505	)	$	(240,604	)	$	(2,056,628	)	$	(2,244,666	)
OTHER COMPREHENSIVE INCOME (LOSS)
Net Loss	$	(949,240	)	$	(240,604	)	$	(2,111,463	)	$	(2,244,666	)
Unrealized gain (loss) on investments available for sale		7,317			(435,952	)		(29,589	)		(145,206	)
Translation adjustments		28			25,966			77,005			(21,230	)
COMPREHENSIVE LOSS		(941,895	)		(650,590	)		(2,064,047	)		(2,411,102	)
Less: Net loss attributable to non-controlling interest		18,735			-			54,835			-
COMPREHENSIVE LOSS ATTRIBUTABLE TO INDEPENDENCE RESOURCES, PLC	$	(923,160	)	$	(650,590	)	$	(2,009,212	)	$	(2,411,102	)
NET LOSS PER COMMON SHARE,
Loss from continuing operations	$	(0.06	)	$	(0.03	)	$	(0.13	)	$	(0.19	)
Income from discontinued operations		0.00			0.01			0.01			0.04
BASIC AND DILUTED LOSS PER COMMON SHARE	$	(0.05	)	$	(0.01	)	$	(0.12	)	$	(0.15	)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED		17,355,760			17,355,760			17,355,760			14,675,052

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

INDEPENDENCE RESOURCES PLC
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Nine Months Ended
	September 30			September 30
	2012			2011
	(unaudited)			(unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(2,111,463	)	$	(2,244,666	)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation		8,352			7,566
Stock based compensation		92,000			223,034
Amoritzation of debt discount and deferred financing fees		-			330,553
Change in fair value of option liability		-			(36,795	)
Loss on sale of note and contractual right receivable		-			412,367
Impairment of investment - oil and gas property		470,770			100,000
Changes in operating assets and liabilities
Decrease (increase) in:
Trade receivables		(4,025	)		274,612
Other receivables		-			11,906
Inventory		-			129,794
Other current assets		27			1,913
Prepaid oil and gas expense		-			193,999
Interest receivable - related party		-			(80,778	)
Receivable related party		-			79,794
Increase (decrease) in:
Accounts payable		(202,398	)		(80,856	)
Accrued liabilities		(86,396	)		(161,810	)
Deferred revenue and license fee		(129,115	)		(129,115	)
Judgement payable		348,516			-
Net cash used by operating activities		(1,613,732	)		(968,482	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of investments - available for sale		(26,775	)		(82,081	)
Note and contractual right receivable		-			2,016,577
Cash advance for note receivable		-			(5,500	)
Deposit on equipment		-			(328,500	)
Purchase of equipment		(85,690	)		(355,899	)
Proceeds from sale of equipment		576,500			-
Purchase of oil and gas lease and wells and related equipment		(2,280	)		(266,486	)
Acquisition of oil and gas unproved properties		-			(41,250	)
Acquistion of mining claims		(95,202	)		-
Acquisition of CDA Mine Contracting		(200,000	)		-
Cash received in acquisition		100			-
Net cash provided by investing activities		166,653			936,861
CASH FLOWS FROM FINANCING ACTIVITIES:
Financing fees paid		-			(100,247	)
Proceeds from sale of ordinary shares and warrants		-			862,190
Net cash provided by financing activities		-			761,943
Net increase (decrease) in cash and cash equivalents		(1,447,079	)		730,322
Net foreign exchange differences		3,200			(21,230	)
Cash and cash equivalents, beginning of period		1,520,321			1,714,697
Cash and cash equivalents, end of period	$	76,442		$	2,423,789
NON-CASH TRANSACTIONS:
Stock issued for acquisition of Iron Eagle Acquisitions, Inc.	$	-		$	6,357,000.00
Stock issued for conversion of debt	$	-		$	95,000.00
Stock payable for acquisition of CDA Mine Contracting, LLC	$	920,000		$	-

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

INDEPENDENCE RESOURCES PLC
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
September 30, 2012
(Unaudited)

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

Historically, Independence Resources PLC was a life sciences company engaged in the research, development and commercialization of technologies that targeted the science of healthy aging. In early 2010, after an extensive review by the Board of Directors of the Company and outside advisors, the Board elected to change the overall direction of the Company from these sectors to the natural resources sector.

Independence Resources PLC, together with its subsidiaries (the “Company” which may be referred to as “Independence”), is a public limited company organized under the laws of England in 1983. Independence has four wholly-owned subsidiaries, Senetek Drug Delivery Technologies Inc. (“SSDT”) and Carmé Cosmeceutical Sciences Inc. (“CCSI”), both Delaware corporations, Iron Eagle Acquisitions, Inc. (“Iron Eagle”), a Nevada corporation, and Senetek Denmark ApS, formed by Senetek under the laws of Denmark. In addition, on April 18, 2012, Independence acquired seventy percent (70%) of Coeur d’ Alene Mine Contracting, LLC. (See Note 5)

During the second quarter ended June 30, 2012, the Company dissolved its 100% owned subsidiary in Denmark, Senetek Denmark ApS and recognized a loss of $30,245, which included $81,815 in cumulative translation adjustment that was reclassified from accumulated other comprehensive income (loss) to net loss.

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles for interim financial information. Accordingly, the unaudited condensed consolidated financial statements do not include all of the information and footnotes required by generally accepted accounting principles in the United States for complete financial statements. The accompanying condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011.

In the opinion of management, the unaudited interim financial statements included herein reflect all adjustments, consisting of normal recurring adjustments, necessary to present fairly the Company’s consolidated financial position as of September 30, 2012 and the results of operations and cash flows for the periods ended September 30, 2012 and 2011. The interim results of operations are not necessarily indicative of the results that may be expected for the full fiscal year.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Revenue Recognition

Oil and gas revenues are recorded using the sales method. Under this method, the Company recognized revenues based on actual volumes of oil and gas sold to purchasers. The Company recognizes revenue from its mine contracting services, which are generally performed on an hourly basis, when services are performed and the customer accepts the work.

Earnings per Ordinary Share

Basic earnings per share are computed using the weighted average number of ordinary shares outstanding during the period. Diluted earnings per share incorporate the incremental shares issuable upon the assumed exercise of dilutive stock options and warrants using the treasury stock method. Options, warrants, and shares related to the convertible note totaling 5,148,233 and 5,148,233 shares were outstanding at September 30, 2012 and 2011, respectively, but were excluded from the calculation of diluted earnings per share as their effect would have been antidilutive.

Going Concern

As shown in the accompanying financial statements, the Company had an accumulated deficit incurred through September 30, 2012. These factors raise substantial doubt the Company may be able to continue in existence in the absence of receiving additional funding. The financial statements do not include any adjustments related to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event the Company cannot continue in existence.

Noncontrolling Interest

Non-controlling interest represents the portion of equity that is not attributable to the Company. The net income (loss) attributable to noncontrolling interests is separately presented in the accompanying statements of operations and other comprehensive income (loss). Losses attributable to noncontrolling interests in a subsidiary may exceed the interest in the subsidiary’s equity.

NOTE 3 – INVESTMENTS – AVAILABLE FOR SALE

The following summarizes the securities available for sale at September 30, 2012.

	Number of Shares		Cost Basis		Fair Value (Level 1 Inputs)
Security
Consolidated Goldfields*		111,657	$	13,732	$	26,909
Hecla Mining		200		1,760		1,310
Merger Mines Corp		4,700		705		545
Metropolitan Mines, Ltd		35,850		6,453		4,302
Mineral Mountain Mining and Milling Co*		19,947		8,378		1,596
New Jersey Mining Company		20,000		4,200		2,700
PM Pan Minerals		3,050,000		-		-
Shoshone Silver / Gold Mining*		500,000		91,840		45,000
Thunder Mountain Gold		523,535		88,602		37,245
			$	215,670	$	119,607

* Related parties, see Note 11

The fair value of securities is determined by quoted market prices. At September 30, 2012, total unrealized gains are $32,665 and total unrealized losses are $128,728. For investments in an unrealized loss position, management has the intent and the ability to hold these investments until they can be sold at cost or at a gain.

NOTE 4 – STOCK EXCHANGE AGREEMENT

On March 16, 2011, Independence consummated a stock for stock exchange agreement with Iron Eagle Acquisitions, Inc., a Nevada corporation (“Iron Eagle”), and the two shareholders of Iron Eagle, namely Chester Mining Company, an Idaho corporation (“CHMN), and Brush Prairie Minerals, Inc., a Delaware corporation (“BPMI”) (collectively the “Shareholders”). Pursuant to the terms of the agreement, the Company issued 8,150,000 ordinary shares in exchange for all of the issued and outstanding shares of Iron Eagle. John Ryan, the Chief Executive Officer and Chairman of the Company was appointed as the sole director and officer of Iron Eagle. As a result of this transaction, the Company acquired one hundred percent of the outstanding stock of Iron Eagle thereby making it a wholly owned subsidiary of the Company. The transaction was valued at the market price of the Company’s ADR’s on the date of the transaction, which was $0.78 for a total value of $6,357,000.

Iron Eagle’s sole assets are mining claims, consisting of approximately 294 acres located in Siskiyou County, CA, known as the Gray Eagle Mine, valued at $4,290,000, and approximately 118 acres located in Lemhi County, Idaho, valued at $2,067,000, and no outstanding liabilities. The value of the acquisition was allocated wholly to the mining claims.

Subsequent to the acquisition, both Mr. Ryan and Mr. Howard Crosby, a director of the Company, were each appointed as Directors of Brush Prairie Minerals, Inc. and of Chester Mining Company.

NOTE 5 – ACQUISITION OF COEUR D’ALENE MINE CONTRACTING LLC

On April 18, 2012, the Company entered into a Membership Purchase Agreement dated April 18, 2012, by which the Company purchased 70% of the ownership interest of Coeur d’Alene Mine Contracting LLC (CDA Contracting). These ownership interests in CDA Contracting were acquired in equal proportions from Jeff Lambert and Steve Ivie, the owners of CDA Contracting. The purchase price for the 70% interest was $200,000 and 2,000,000 ordinary shares divided equally between Messrs. Lambert and Ivie. The value of the shares to be issued was determined to be $920,000 based upon the market price of $0.46 on the date of acquisition. As a result of this transaction, CDA Contracting is a majority owned subsidiary of the Company. At September 30, 2012, these shares have not yet been issued and are shown as stock payable on the balance sheet.

CDA Contracting was a newly formed entity which has not commenced principal operations or produced any revenues and has no material assets. It proposes to engage in contract mining activities for third parties and for our mining projects. Management is currently engaged in negotiations to provide contract mining services for third parties.

In connection with this transaction, the Company acquired 42 unpatented mining claims with a fair value of $41,000. The claims are located in Lemhi County, Idaho, and are currently in exploratory stage.

A summary of the acquisition is as follows:

Consideration	Independence Resources PLC (70%)		Non- Controlling Interest (30%)		Total
Cash	$	200,000	$	-	$	200,000
Ordinary shares: 2,000,000		920,000		-		920,000
Fair value of noncontrolling interest		-		480,000		480,000
	$	1,120,000	$	480,000	$	1,600,000

Assets acquired:
Cash	$	100
Mineral interest		41,000
Goodwill		1,558,900
	$	1,600,000

In connection with the transaction, the Company entered into three-year full-time employment agreements with Messrs. Lambert and Ivie and appointed each as a Vice-President of Investor Relations for the Company. Each employment agreement will automatically extend for an unlimited number of one-year terms. The base annual salary for each of the employment agreements is $120,000. The employment agreements may be terminated at any time for cause and the Company may terminate either agreement without cause upon 90 days’ notice, in which event the Company is obligated to pay a severance benefit in an amount equal to two times the largest annual base salary received by the employee under the employment agreement if such termination occurs before one year from the agreement’s effective date, and one times the largest annual base salary if such termination occurs thereafter.

The Company will issue 200,000 shares to a consultant services provided in connection with the acquisition. These shares were valued at $0.46 per share or $92,000 which was the fair value of the shares on the date of the transaction. At September 30, 2012, these shares have not yet been issued and are shown as stock payable on the balance sheet.

NOTE 6 – MINERAL PROPERTIES

Iron Creek Project, Salmon, Idaho

The Iron Creek Project consists of seven patented mining claims of approximately 118 acres in Lemhi County, and 187 unpatented mining claims and located about 26 miles southwest of the town of Salmon, Idaho. The Company acquired by staking an additional 187 unpatented mining claims in and around the seven patented claims.

Gray Eagle Copper Mine, Happy Camp, California

The Gray Eagle Copper Mine (“Gray Eagle”) consists of approximately 294 acres of patented mining claims and 42 unpatented mining claims in Siskiyou County, the northernmost county of the State of California. The Company acquired by staking an additional 42 unpatented claims.

The Gray Eagle Mine has been subject to an EPA clean up action in the past. According to publicly available EPA documents, the EPA has expended about $3 million in response costs cleaning up old mining tailings. The Company understands that several companies have been identified as potential responsible parties for this clean up. The Company has not to date received any communication from the EPA with respect to recovery of these costs or any environmental issues that may be present at the Gray Eagle property.

East Mullan Claims

The East Mullan Claims consist of fifteen unpatented mining claims, three of which are very proximate to the east of the Lucky Friday/Gold Hunter Mine complex in Shoshone County, Idaho. The remainder of the claims are located on a down dip possible extension of the historic Snowstorm Mine. These claims were purchased during the first quarter of 2012 from Consolidated Goldfields for $60,000 in cash. This transaction is considered a related party transaction as the Company and Consolidated Goldfields have directors in common.

Lemhi County Claims

In connection with the acquisition of CDA Mine Contracting, LLC (see Note 5), the Company acquired mineral interest in Lemhi County, Idaho.

NOTE 7– STOCKHOLDERS EQUITY

The following warrants were outstanding at September 30, 2012 and December 31, 2011:

Warrant Type	Warrants Issued and Unexercised		Exercise Price			Expiration Date
Convertible Debt Warrants		1,800,000	$	1.00			March 2015
Warrants		800,000		.60	p		June 2014
Warrants		536,538		.60	p		July 2014
		3,136,538

There were no issuances, exercise, or expiration of warrants during the nine month period ended September 30, 2012.

The convertible debt warrants were issued in association with the March 2010 Security Purchase Agreement with DMRJ Group, LLC. The warrants entitle the holder to purchase ordinary shares of the Company at the purchase price referred to above at any time prior to the expiration date. Although the related convertible debt was paid off in 2011, the warrants are still exercisable and were repriced to $1.00 per the termination agreement.

NOTE 8– SEGMENT REPORTING AND CONCENTRATION OF RISK

Financial information regarding the operating segments was as follows:

	Three Months Ended September 30, 2012
	Mining Exploration			Oil & Gas			Contracting			Total

Revenues	$	-		$	18,490		$	77,440		$	95,930
Exploration expense		(5,771	)		(2,084	)					(7,855	)
Loss on impairment of oil & gas properties					(429,519	)					(429,519	)
Contracting expense		-			-			(72,923	)		(72,923	)
Unallocated operating expenses											(228,488	)
Gain (loss) from operations	$	(5,771	)	$	(413,113	)	$	4,517		$	(642,855	)
Assets	$	6,676,145		$	265,920		$	1,558,900		$	8,500,965
Unallocated Assets											314,095
Total Assets											8,815,060

	Three Months Ended September 30, 2011
	Mining Exploration			Oil & Gas			Contracting		Total

Revenues	$	-		$	13,627		$	-	$	13,627
Exploration expense		(127,133	)		(30,913	)		-		(158,046	)
Unallocated operating expenses		-								(974,564	)
Gain (loss) from operations	$	(127,132	)	$	(17,286	)	$	-	$	(1,118,983	)
Assets	$	7,047,826		$	730,560		$	-	$	7,778,386
Unallocated Assets										4,212,614
Total Assets									$	11,991,000

	Nine Months Ended September 30, 2012
	Mining Exploration			Oil & Gas			Contracting			Total

Revenues	$	-		$	60,130		$	77,440		$	137,570
Exploration expense		(312,130	)		(30,215	)		-			(342,345	)
Loss on impairment of oil & gas properties		-			(470,769	)		-			(470,769	)
Contracting expense		-			-			(72,923	)		(72,923	)
Unallocated operating expenses		-			-			-			(1,112,731	)
Gain (loss) from operations	$	(312,130	)	$	(440,854	)	$	4,517		$	(1,861,198	)
Assets	$	6,676,145		$	265,920		$	1,558,900		$	8,500,965
Unallocated Assets											314,095
Total Assets										$	8,815,060

	Nine Months Ended September 30, 2011
	Mining Exploration			Oil & Gas			Contracting		Total

Revenues	$	-		$	82,744		$	-	$	82,744
Exploration expense		(271,027	)		(61,230	)		-		(332,257	)
Unallocated operating expenses		-			-			-		(2,281,816	)
Gain (loss) from operations	$	(271,027	)	$	21,514		$	-	$	(2, 531,329	)
Assets	$	7,047,826		$	730,560		$	-	$	7.778.386
Unallocated Assets										4,212,614
Total Assets									$	11,991,000

The Company’s customers are principally in the United States.

NOTE 9 – DISCONTINUED OPERATIONS

The following table details selected financial information included in the income from discontinued operations in the consolidated statements of operations:

	Nine Months Ended
	September 30, 2012		September 30, 2011
Royalties and licensing	$	129,115	$	902,881
Cost of sales		-		(246,018	)
Research and development		-		(83,897	)
Loss on disposal of assets				(1,839	)
Income from discontinued operations	$	129,115	$	571,127

	Three Months Ended
	September 30, 2012		September 30, 2011
Royalties and licensing	$	43,039	$	270,096
Cost of sales		-		-
Research and development		-		(23,329	)
Loss on disposal of assets		-		(1,839	)
Income from discontinued operations	$	43,039	$	244,928

None of the income from discontinued operations for all periods presented is attributable to the non-controlling interest.

NOTE 10 – COMMITMENTS AND CONTINGENCIES

Claims against the Company

In the fall of 2010 Miller Tabak & Company, a New York based investment banking firm, filed a breach of contract action against the Company in New York Supreme Court seeking an amount of approximately $360,000 for alleged non-payment of a commission. On September 19, 2012, the Court granted Miller Tabak & Company’s summary judgment and ordered the Company to pay $250,000 plus statutory interest in the amount of 9% from April 2, 2010 and 133,333 ordinary shares. A loss of $350,219 has been recognized as an expense for the quarter ended September 30, 2012 for this judgment. As of September 30, 2012, the amount has not been paid and the ordinary shares valued at $42,297 have not been issued.

NOTE 11 – RELATED PARTY

Mr. Anthony Williams, a Director of the Company, has been a partner of the law firm DLA Piper US, LLP since November 2009. DLA Piper rendered legal services to the Company and was paid $0 and $110,385, respectively, during the three and nine month periods ended September 30, 2011. No amounts were paid or accrued during 2012.

Wesley Holland, former directors, has provided certain consulting services to the Company in connection with developing and marketing our life science technologies and products. The Company has paid Dr. Holland a total of approximately $0 and $30,000 for the three months ended September 30, 2012 and 2011, respectively and $9,000 and $90,000 for the nine months ended September 30, 2012 and 2011, respectively.

John Ryan (the Company’s chief executive officer), Mr. Crosby (a director of the Company) and Mr. Holland are directors of Silver Scott Mines, Inc. In addition, Mr. Ryan and Mr. Crosby are Directors of Shoshone Silver/Gold Mines, Inc and Mineral Mountain Mining and Milling Co. Also, Mr. Ryan is a Director of Consolidated Goldfields. At September 30, 2012, the Company has investments in shares of common stock in these companies. (see Note 3)

In August 2011, the Company loaned $5,500 to Big Bear Mining Co which has directors in common with the Company.

On April 16, 2012 the Company sold mining equipment for cash at its carrying value of $576,500 to ABM Mining Company (“ABM”); no gain was recognized on the sale. This transaction is considered related party as the Company and ABM have directors in common.

NOTE 12 – SUBSEQUENT EVENTS

On October 4, 2012, the Company sold its oil and gas properties and related assets located in Dawson County, Texas for cash in the amount of $260,000. An impairment was recognized on the transaction in the amount of $429,519, during the three months ended September 30, 2012.

Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Certain statements in this report, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results and the assumptions upon which those statements are based, are “forward-looking statements.” These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “would,” “will likely result,” and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. The risk factors described in the Company’s Form 10-K for the fiscal year ended December 31, 2011 provide examples of risks, uncertainties and events that may cause the Company’s actual results to differ materially from the expectations described in its forward-looking statements. The Company assumes no obligation to correct or update any forward-looking statements which may prove to be inaccurate, whether as a result of new information, future events or otherwise, except as may be required by law.

Overview

Historically, Independence Resources PLC (the “Company”) had been focused on the skincare and pharmaceutical businesses. In March 2010, after an extensive review by our Board of Directors and our outside advisors, our Board elected to change our overall direction from these sectors to the natural resources sector. Our Board realized that the business prospects of the existing portfolio of assets were not capable of generating sufficient revenue, and we had insufficient cash on hand to reach significant revenue generation from any of the product lines in our portfolio. We elected to pursue additional opportunities in the resources sector because this sector has experienced significant growth and investor interest in the past few years and our Board believes the resources sector has continued growth prospects and significant opportunities. During 2011 we continued the transition from a biomedical company to one focused on natural resources. The Company terminated its participation in the secured notes related to the Relief Canyon Mine and in the process it eliminated the convertible debt associated with that acquisition leaving the Company debt free. With the exception of the Reliaject product the Company has sold or otherwise disposed of the remainder of its biomedical assets which has continued to reduce expenses associated with the biomedical lines of business. We made significant progress during the 2011 work season at our Iron Creek Project by conducting a number of geophysical surveys which have identified the existing known zones of mineralization. As a result, we believe we have discovered additional extensions to the known zones as well as possibly identified several new zones of mineralization. We had planned on undertaking a drilling program to verify these results for the 2012 work season, but could not do so due to lack of funding. Similarly, the Company was unable to execute its planned work program at its Gray Eagle property in California due to lack of funding.

The Company negotiated an agreement to acquire a sand and gravel lease covering prospective properties located on the Chippewa Indian Reservation (Turtle Mountain Band) in North Dakota. The Company believed that certain of the sands may have applications as fracturing proppant sands (“frac sands”). The Company believed there are ready markets for such frac sands, as well as conventional sand and gravel markets, in Western North Dakota and Eastern Montana in the rapidly developing Bakken oil fields. The terms of the deal required the Company to pay a $200,000 initial payment while the Company undertakes due diligence on the frac sand potential, as well as on the overall sand and gravel potential of the property. This payment was made in April 2012. The Company took approximately 2000 pounds of sand samples from approximately fifty separate locations and shipped such samples to a specialty testing lab in Minnesota. The results did not indicate that the sands had significant potential as fracing sands. Further, the Company hired a specialized consultant familiar with sand and gravel operations to review the potential of the properties for conventional sand and gravel operations. The report has not been completed as of this date but verbal communications indicate that the property has limited possibility as a conventional sand and gravel source. The Company continues to evaluate its options with respect to this property.

In April the Company acquired a 70% interest in Coeur d’Alene Mine Contracting LLC (“CDA Mine Contracting”). CDA Mine Contracting is a specialized underground mine contractor which contracts with junior and potentially senior level mining companies and provides general underground mine labor on a contract basis as well as supervisory and consulting services. The Company began realizing revenue in August from this acquisition. The Company believes that over time CDA Mine Contracting can significantly grow the size of its labor pool and as a result, provide substantial revenues to the Company. The market for underground mine labor is a very tight market and many mining companies have difficulty finding high quality, trained, competent mine laborers to build out their projects. The Company believes this tight labor market will continue for the foreseeable future. The Company paid $200,000 in cash and is slated to issue 2,000,000 shares of its ordinary shares for its 70% interest in CDA Mine Contracting.

For detailed financial information, please consult our financial statements included in this Report.

Unless the context otherwise requires, throughout this report, the words “Independence,” “the Company,” “we,” “us,” and “our” mean Independence Resources PLC and its consolidated subsidiaries. All amounts in this report are in U.S. Dollars, unless otherwise indicated.

Mineral Property Operations

In March 2011, we acquired 100% ownership of Iron Eagle Acquisitions, Inc (“Iron Eagle”) by issuing 8,150,000 ordinary shares valued at $0.78 or a total value of $6,357,000. As a result of the acquisition, Iron Eagle became our wholly-owned subsidiary. The acquisition agreement, dated March 16, 2011, was with Iron Eagle and its two shareholders, namely Chester Mining Company, an Idaho Corporation (“CHMN”), and Brush Prairie Minerals, Inc., a Delaware corporation (“BPMI”) (collectively the “Shareholders”). At closing, which was held on March 17, 2011, we issued 5,500,000 shares of common stock to BPMI and 2,650,000 shares to CHMN, and John Ryan, our CEO and a director, was appointed as the sole director and officer of Iron Eagle. Also at closing CHMN appointed Mr. Ryan and Howard Crosby, our President and a director, as directors of CHMN. BPMI appointed Messrs. Ryan and Crosby as directors of BPMI. William L. Campbell is the CEO of CHMN and BPMI and a principal shareholder of both entities. As a result of the transaction, control of the Company changed to Mr. Campbell.

Iron Eagle owns two mineral projects, one in Idaho known as the Iron Creek project and one in California known as the Gray Eagle Copper Mine.

Iron Creek Project, Salmon, Idaho

The Iron Creek Project consists of seven patented mining claims of approximately 118 acres in Lemhi County, and 187 unpatented mining claims and located about 26 miles southwest of the town of Salmon, Idaho. The unpatented mining claims were dropped in September 2012 due to lack of funding.

Past work by previous operators has identified several mineralized zones of copper and cobalt, and numerous other exploration targets on the property that have not as yet been evaluated. However, extensive drilling, sampling, and geologic work have been done on two of the most advanced areas. In these areas, previous operators calculated tonnages and grades (which are non-43-101 compliant) contained in an area called the “No Name Zone”.

The first mineral resource of interest referenced in the literature is an underground target described by Noranda Exploration in a 1980 report as “two distinct lenses of cobalt mineralization.” The first lens was called a “reserve” and was estimated to contain 1,050,000 tons grading 0.61% cobalt and 0.3% copper and having a strike length of about 750 feet. A second lens of high-grade cobalt mineralization occurs to the northwest, and again is described as a “reserve.” This lens extends for 600 feet of strike length, is deeper than the first lens, and averages about 0.48% cobalt and 0.24% copper. The authors estimated this resource to be around 229,000 tons.

The second area of major interest, also in the "No Name Zone" is described by Centurion Minerals in a 1988 report as containing at least 10,000,000 tons of open pit resources grading 2% copper equivalent grade (accounting for the cobalt as a by-product). This number was based on over 20 diamond drill holes along approximately 5,000 feet of strike length and over 200 feet of width, at an average spacing of around 200 feet. The author of the report concluded that these resources could be classified as “possible” reserves (under a S.E.C. classification) and recommended an additional 30 holes be drilled to reduce the drill spacing to something less than 200 feet. Significantly more infill drilling will be required to upgrade and verify this mineral resource, no additional work was done during the summer of 2012 due to lack of funding.

Based on these reports and our own internal evaluations, in order to expand the land package and cover more of the potential targets on the property, we acquired by staking an additional 187 unpatented mining claims in and around the seven patented claims. The unpatented mining claims were dropped in September 2012 due to lack of funding.

Additionally, we obtained permits from the Forest Service to undertake sampling, induced polarization, magnetic surveys, and geologic mapping on the ground. These activities were undertaken during the field season of 2011. These activities confirmed the mineral zones as outlined in historic reports and identified several potential new zones of mineralization that were previously not recognized.

No additional work was done during the summer of 2012 due to lack of funding.

Gray Eagle Copper Mine, Happy Camp, California

The Gray Eagle Copper Mine (“Gray Eagle”) is a past producer of significant amounts of both copper and gold. The property consists of approximately 294 acres of patented mining claims and 42 unpatented mining claims in Siskiyou County, the northernmost county of the State of California. Major production of valuable metals occurred during two different periods at Gray Eagle. Newmont Mining produced significant copper at the property in the 1940’s and Noranda Mining produced significant gold at the property in the 1980’s.

In the early 1990’s, a feasibility study was completed by Siskon Corporation which was reviewed by a major U.S. based mineral consulting firm which concluded that a mineral resource of just over 1.1 million tons of ore grading 2.59% copper and .027 ounces per ton gold using a 3.3 to 1 strip ratio, a copper cutoff grade of 1%, and recovery factors of 90% on copper and 30% on gold. We intend to confirm this resource and undertake additional drilling to further refine the mineral resources which have been identified by past work at this project, and to explore for undiscovered possible deposits in the area.

Based upon our internal evaluations we elected to acquire by staking an additional 42 unpatented claims. During the upcoming months we plan on obtaining the needed permits to undertake sampling and geophysical surveys on the property. We had planned on beginning these geologic activities in the spring of 2012 as weather and ground conditions allowed, but have delayed the commencement of the activities. Once we have the results from this testing, these results will aid the Company in designing a drill program which we intended to undertake in the fall of 2012 and spring of 2013. All of these activities are and remain dependent on raising additional capital in order to undertake this work. The unpatented mining claims were dropped in September 2012 due to lack of funding.

The East Mullan Claims consist of fifteen unpatented mining claims, three of which are very proximate to the east of the Lucky Friday/Gold Hunter Mine complex in Shoshone County, Idaho. The remainder of the claims are located on a down dip possible extension of the historic Snowstorm Mine. These claims were purchased during the first quarter of 2012 from Consolidated Goldfields for $60,000 in cash. This transaction is considered related party as the Company and Consolidated Goldfields have directors in common.

Oil and Gas Operations

South Fork II Prospect, Clinton County Kentucky

On January 6, 2011, the Company entered into a Joint Venture Agreement with Ameratex Securities, in which the Company purchased a 4.5% working interest and 3% net revenue interest in three oil wells located in Clinton County, Kentucky for $41,250. The Company is receiving a small royalty from this project and plans no further investment in these wells. Management has determined that this oil and gas project is not material to the current business of the Company.

Working Interest, Dawson County, Texas

In May 2010, we entered into a participation agreement (the “SDX Participation Agreement”) with SDX Resources, Inc (“SDX”) pursuant to which we purchased a 15% working interest in certain oil and gas leases located in Dawson County, Texas (“Subject Leases”) of which SDX is the lessee of record, for $108,397. Under the SDX Participation Agreement, we will pay 20% of the actual cost to casing point of the initial test well, and, if necessary, the cost to plug and abandon it as a dry hole. Additionally, we will pay 17.647059% of the actual cost to casing point of the second test well, and, if necessary, the cost to plug and abandon it as a dry hole. Both of these test wells were successful and have been put into production.

We are now receiving income on a quarterly basis from the two wells that we participated in. We plan no further investment in this project in the near term. The Company has received estimates from SDX that the cost of plugging these wells will be approximately $17,000 to $25,000 per well. SDX does not expect this plugging to happen for several years, possibly as long as twenty years. At this time the Company will be responsible for its pro rata share of the plugging costs.

Management has determined that this oil and gas project is not material to the current business of the Company.

On October 4, 2012, the Company sold its oil and gas properties and related assets located in Dawson County, Texas for cash in the amount of $260,000. A loss was recognized on the transaction in the amount of $429,519 in the third quarter

Overview of Operating Results/Results of Operations

Revenues for the three months ended September 30, 2012 totaled $95,930 compared to revenues of $283,723 for the three months ended September 30, 2011.

Operating expenses for the three months ended September 30, 2012 of $738,785 decreased 33% as compared to the operating expenses of $1,132,610 for the three months ended September 30, 2011, primarily due to a decrease in both administration and sales expense and exploration expense.

Net loss attributable to the Company for the three months ended September 30, 2012 was $930,505 as compared to a net loss of $240,604 for the three months ended September 30, 2011. The increase in net loss is primarily due to the change in the fair value of the option liability and a decrease in interest expense, offset by a loss on disposal of the Denmark subsidiary and the loss on judgment.

Revenues for the nine months ended September 30, 2012 totaled $137,570 compared to revenues of $82,744 for the nine months ended September 30, 2011.

Operating expenses for the nine months ended September 30, 2012 of $1,998,768 decreased 30% as compared to the operating expenses of $2,614,073 for the nine months ended September 30, 2011, primarily due to a decrease in salaries and administration and sales expense.

Net loss attributable to the Company for the nine months ended September 30, 2012 was $2,056,628 as compared to a net loss of $2,244,666 for the nine months ended September 30, 2011. The decrease in net loss is primarily due to decrease in salaries and administration and sales expense.

Administrative, sales and marketing expenses of the Company in comparable form are shown below by major categories of expense.

	Three Months Ended September 30,
	2012		2011
Expense Category
Payroll, benefits and consulting	$	180,000	$	208,000
Stock-based compensation expense		-		61,000
Advertising and marketing		-		-
Legal and other professional fees		18,000		183,000
Travel and related		1,000		53,000
Rent and office expenses		25,000		17,000
Insurance-liability		-		-
Depreciation and other non-cash expenses		3,000		8,000
Other		1,000		32,000
Total	$	228,000	$	562,000

	Nine Months Ended September 30,
	2012			2011
Expense Category
Payroll, benefits and consulting	$	812,000		$	643,000
Stock-based compensation expense		-			223,000
Advertising and marketing		(20,000	)		20,000
Legal and other professional fees		149,000			596,000
Travel and related		56,000			141,000
Rent and office expenses		97,000			79,000
Insurance-liability		-			-
Depreciation and other non-cash expenses		8,000			8,000
Other		11,000			159,000
Total	$	1,113,000		$	1,869,000

For the three months ended September 30, 2012, administration, sales and marketing expenses decreased 59%, primarily due to a decrease in, stock based compensation and legal and professional fees offset by an increase in insurance.

For the nine months ended September 30, 2012, administration, sales and marketing expenses decreased 40%, primarily due to a decrease in travel, stock based compensation and legal and professional fees offset by an increase in insurance.

Discontinued Operations

During the year ended December 31, 2011, with the exception of the Reliaject product, the Company has sold or otherwise disposed of the remainder of its pharmaceutical and skincare assets which has continued to reduce expenses associated with the biomedical lines of business. Income from discontinued operations for the three and nine month periods ended September 30, 2012 decreased 82% and 77%, respectively, as compared to the three and nine month periods ended September 30, 2011.

Liquidity and Capital Resources

As of September 30, 2012, the Company’s principal sources of liquidity included cash and cash equivalents resulting from the Company’s financing activities. Management believes its cash and cash equivalents and cash expected to be generated by its business and financing activities will be sufficient to meet its working capital needs for at least the next six months. Should the Company be faced with currently unanticipated significant cash requirements, the Company’s present capital resources might be inadequate to fund its capital needs. Additionally, if the Company were to engage in a business combination transaction, its current cash position could be adversely impacted and its need for additional financing accelerated, although the impact of any such transaction cannot be evaluated at this time.

Net cash used by operating activities totaled $1,613,732 for the nine months ended September 30, 2012 compared to net cash used by operating activities of $968,482 for the nine months ended September 30, 2011. The increase is primarily due to a decrease in net loss adjusted for non-cash items and accounts payable. The Company expects to continue to use cash in operating activities and investments for the remainder of 2012.

Net cash provided by investing activities totaled $166,653 for the nine months ended September 30, 2012 compared to net cash provided by investing activities of $936,861 for the nine months ended September 30, 2011. The change is primarily due to proceeds from the sale of equipment offset by the acquisition of CDA Mine Contracting LLC.

Net cash provided by financing activities totaled $0 for the nine months ended September 30, 2012 compared to $761,943 for the nine months ended September 30, 2011. The 2011 activity was from sale of common stock.

Cash and cash equivalents decreased to $76,442 at September 30, 2012, from $1,520,321 at December 31, 2011.

Critical Accounting Policies and Estimates

Management’s discussion and analysis of the Company’s financial condition and results of operations are based upon its condensed consolidated financial statements, which have been prepared in accordance with United States generally accepted accounting principles for interim period financial reports. Management reviews the accounting policies used in reporting Independence’s financial results on a regular basis. The preparation of these condensed consolidated financial statements requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses. On an ongoing basis, the Company evaluates processes used to develop estimates, including those related to the allowance for doubtful accounts, sales reserves, depreciation and amortization, contingencies, deferred tax assets, and other assets. Estimates are based on historical experience, expectations of future results, and on various other assumptions that are believed to be reasonable for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates due to actual outcomes being different from those on which assumptions were based. Management, on an ongoing basis, reviews these estimates and judgments. Independence’s Board of Directors reviews any changes in the Company’s methodology for arriving at its estimates, and discusses the appropriateness of any such changes with management and its independent auditors on a quarterly basis.

Refer to Item 7 of Independence’s Annual Report on Form 10-K for the year ended December 31, 2011, for information pertaining to its critical accounting policies, which include the following:

Revenue recognition;

Impairment of long-lived assets, including other intangible assets;

Income taxes; and

Stock-based compensation.

There have been no changes to Independence’s critical accounting policies since December 31, 2011, the date of its last audited financial statements.

Interest Income and Expense

Interest income for the three and nine month period ended September 30, 2012 has decreased $77,254 and $38,583 as compared to the same period in the prior year due primarily to the impairment of a note receivable in the previous year. Interest expense for the three and nine month period ended September 30, 2012 has decreased $85,348 and $330,510, as compared to the same periods in the prior year due to a reduction in amortization of debt discount.

Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not required for smaller reporting companies.

Item 4. CONTROLS AND PROCEDURES

The Company, under the supervision and with the participation of its management, including the Chief Executive Officer and the Chief Financial Officer, evaluated the effectiveness of the design and operation of the Company’s “disclosure controls and procedures” (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934, as amended) as of the end of the period covered by this Report. Based on that evaluation, the Chief Executive Officer and the Chief Financial Officer concluded that the Company's disclosure controls and procedures were effective. There were no changes in the Company’s internal control over financial reporting during the quarter ended September 30, 2012, that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

PART II - OTHER INFORMATION

Item 1. LEGAL PROCEEDINGS

Item 4. MINE SAFETY DISCLOSURES

There are no reportable events required pursuant to this item.

Item 6. EXHIBITS

(a) Exhibits

31.01	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.02	Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.01	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.02	Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS	XBRL Instance Document
101. SCH	XBRL Taxonomy Extension Schema Document
101. CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101. DEF	XBRL Taxonomy Extension Definition Linkbase Document
101. LAB	XBRL Taxonomy Extension Label Linkbase Document
101. PRE	XBRL Taxonomy Extension Presentation Linkbase Document

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	INDEPENDENCE RESOURCES PLC
	(Registrant)

Date: November 14, 2012	By:	/s/ John P. Ryan
		John P. Ryan
		Chairman of the Board and Chief Executive
		Officer
		(Principal Executive Officer)

Date: November 14, 2012	By:	/s/ Donna Miller
		Donna Miller
		Chief Financial Officer
		(Principal Financial and Accounting Officer)

Independence Resources PLC 10-Q