First Quarter 2005

Posted on 31/03/2005

Highlights:

Australia

WESTERN AUSTRALIA - TELFER GOLD EXPLORATION

The second diamond drill hole at Tim’s Dome, BTDD003 currently at 900m

Africa

NAMIBIA - TSUMKWE DIAMOND EXPLORATION

Significant numbers of fresh kimberlitic mineral grains recovered from two clusters of  drill hole samples

NAMIBIA AND BOTSWANA – BASE METALS PROJECT

Six out of seven Inverse Polarisation Surveys (IP) conducted in Namibia and Botswana have returned significant IP responses including an intense 400m open-ended IP anomaly that has been delineated over a silver, lead, zinc and copper soil geochemical target in Namibia.

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