BUILDING A PROFITABLE
MID-TIER GOLD MINING BUSINESS

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QUARTERLY REPORT JULY – SEPTEMBER 2000

Highlights Exploration success results in the Bulk sampling program being brought forward 3 months to the Fourth Quarter 2000 Drilling from the Swan decline located a large gold bearing reef on the Deborah anticline in close proximity to the decline. This phase of decline development is now completed and the bulk sampling program commenced since quarter’s end. A large syncline

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QUARTERLY REPORT APRIL – JUNE 2000

Highlights Drilling locates D3 and S3 ribbon zones Company confirms the ribbon repeat theory beneath the Deborah and Sheapshead lines of reef Decline advance on target at 2900 metres Commenced deep drilling at the northern end of the goldfield Project Milestones Quarte Event Third quarter, 2000 complete d3/s3 drilling Fourth quarter, 2000 complete deep drilling in the north commence d4/s4