Second Quarter 2005

Posted on 30/06/2005

Highlights:

Australia

WESTERN AUSTRALIA - TELFER GOLD EXPLORATION

Deep diamond drill holes at Tim’s Dome and East Thompson’s Dome have now been completed.

Africa

NAMIBIA - TSUMKWE DIAMOND PROJECT

Further high counts of fresh kimberlitic garnets have been recovered from sampling drill intersected basal gravels on the downthrown western portion of the project area.  One drill hole returned 66 kimberlitic garnets.

NAMIBIA AND BOTSWANA - BASE METALS PROJECT

In Namibia an Inverse Polarisation (IP) Gradient Array survey was conducted over an IP dipole-dipole anomaly delineated in the previous quarter.

In Botswana it is intended to conduct further IP Gradient Array surveys over IP dipole-dipole anomalies delineated in the previous quarter.

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