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UNITED STATES SECURITIES AND EXCHANGE COMMISSION 
Washington, DC 20549

FORM 10QSB



|[X] | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 
|--- | ----------------------------------------------------------------------------------------
|    | FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2001                                        
|    | OR                                                                                      
|[ ] | 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 333-35586

ABERDENE MINES LIMITED(Exact name of registrant as specified in its charter)



|NEVADA                            | 88-0454792                  
|--------------------------------- | ----------------------------
|(State of other jurisdiction      | (IRS Employer Identification
|of incorporation or organization) | Number)                     

1040 West Georgia 
Suite 1160 
Vancouver, British Columbia 
Canada V6E 4H1 (Address of principal executive offices)

(604) 605-0885 (Registrant's telephone number, including area code)

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 the number of shares outstanding of each of the issuer's classes of common stock, as of December 31, 2001: 5,733,600

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PART I.

ITEM 1. Financial Statements



|ABERDENE MINES LIMITED
(AN EXPLORATION STAGE ENTERPRISE)
BALANCE SHEETS
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|ASSETS                                                                 
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|LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                         
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See notes to interim financial statements

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|ABERDENE MINES LIMITED
(AN EXPLORATION STAGE ENTERPRISE)
STATEMENTS OF OPERATIONS
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|REVENUES                                                                         
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|EXPENSES                                                                         
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|LOSS FROM OPERATIONS                                                             
|INCOME TAXES                                                                     
|NET LOSS                                                                         
|OTHER COMPREHENSIVE INCOME                                                       
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|COMPREHENSIVE LOSS                                                               
|NET LOSS PER COMMON SHARE,
BASIC AND DILUTED                                     
|WEIGHTED AVERAGE NUMBER OF
COMMON STOCK SHARES OUTSTANDING,
BASIC AND DILUTED    

See notes to interim financial statements

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|ABERDENE MINES LIMITED
(AN EXPLORATION STAGE ENTERPRISE)
STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)
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|Issuance of common stock for
services and in payment of
advances for approximately
$.055 per share  
|Loss for period ending,
June 30, 2000                                                               
|Balance, June 30, 2000                                                                              
|Loss for the year
ending June 30, 2001                                                              
|Balance, June 30, 2001                                                                              
|Sale of common stock for cash at
$0.10 per share                                                    
|Loss for the six month period
ending December 31, 2001                                              
|Balance, December 31, 2001
(unaudited)                                                              





See notes to interim financial statements

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|ABERDENE MINES LIMITED
(AN EXPLORATION STAGE ENTERPRISE)
STATEMENT OF CASH FLOWS
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|CASH FLOWS FROM OPERATING ACTIVITIES                                            
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|Net cash used in operating activities                                           
|CASH FLOWS FROM INVESTING ACTIVITIES                                            
|CASH FLOWS FROM FINANCING ACTIVITIES                                            
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|Net cash provided by financing activities                                       
|Change in cash                                                                  
|Foreign currency translation gain                                               
|Cash, beginning of period                                                       
|Cash, end of period                                                             
|Supplemental disclosures:                                                       
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|NON-CASH TRANSACTIONS                                                           
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See notes to interim financial statements

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ABERDENE MINING CORPORATION
(An Exploration Stage Company)
December 31, 2001

NOTES TO INTERIM FINANCIAL STATEMENTS
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1. BASIS OF PRESENTATION

The foregoing unaudited interim financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-QSB and Regulation S-B as promulgated by the Securities and Exchange Commission. Accordingly, these financial statements do not include all of the disclosures required by generally accepted accounting principles for complete financial statements. These unaudited interim financial statements should be read in conjunction with the audited financial statements for the year ended June 30, 2001. In the opinion of management, the unaudited interim financial statements furnished herein include all adjustments, all of which are of a normal recurring nature, necessary for a fair statement of the results for the interim period presented.

The preparation of financial statements in accordance with generally accepted accounting principles requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities known to exist as of the date the financial statements are published, and the reported amounts of revenues and expenses during the reporting period. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of the Company's financial statements; accordingly, it is possible that the actual results could differ from these estimates and assumptions and could have a material effect on the reported amounts of the Company's financial position and results of operations.

Operating results for the three and six month periods ended December 31, 2001 are not necessarily indicative of the results that may be expected for the year ending June 30, 2002.

2. PROCEEDS OF SALE OF SHARES

During the three-month period ended December 31, 2001, the Company raised a total of $73,360 cash in an initial public offering. A total of 733,600 shares of common stock were issued at $0.10 per share.

A further 1,100 shares of common stock were sold subsequent to the date of these financial statements for proceeds of $110.

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ITEM 2. MANAGEMENT DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

Financial Condition, Liquidity and Capital Resources

Since inception on January 21, 2000, our Company has been engaged in exploration and acquisition of mineral properties. Our Company's principal capital resources have been acquired through issuance of common stock and from shareholder loans.

At December 31, 2001, we had working capital of $13,353 compared to negative working capital of $(33,757) at December 31, 2000. This change is primarily the result of proceeds of sales of shares and payment of accounts payable and related party loans.

At December 31, 2001, our Company had total assets of $14,256 consisting of cash and mining claims, which compares with our Company's assets at December 31, 2000 of $453.

At December 31, 2001, our Company's total liabilities decreased to $450 from $33,757 at December 31, 2000, reflecting the payment of most debts from proceeds of the sale of shares.

Our Company has not had revenues from inception. Although there is insufficient capital to fully explore and develop our mineral properties, the Company expects to survive and exploit its resources primarily with funding from sales of its securities and, as necessary or possible, from shareholder loans.

Our Company has no long-term debt and does not regard long-term borrowing as a good, prospective source of financing.

Results of Operations

Our Company posted losses of $31,968 for the six months ending December 31, 2001. The principal component of the loss was professional expenses.

Operating expenses for the six months ending December 31, 2001 were $31,968, which represented an increase of $14,370 from the six months ending December 31, 2000 as a result of increased general and administrative expenses and travel for furtherance of the Company's affairs.

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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 on this 4th day of February, 2002.