Has entered into a conditional agreement to sell its 50 per cent equity in Plan B Financial Services. The bank’s shareholding is to be re-acquired by Plan B's founding shareholders and related parties. The agreement is expected to be finalized by the end of June 2003.
Kimberley Diamond Company NL
Has entered into a new agreement with Blina, Bazco and George Francis Lee the material terms of which provide Kimberley and Bazco abandon its interests under the Farmin agreement and Bazco agrees to transfer a 100% interest in the Tenements to Blina.
Paladin Resources Limited
All legal requirements regarding Mt Lofty Joint Venture in South Australia with Absolut Resources Corp have now been finalised and the exploration program and budget has been approved to undertake investigations.
St Barbara Mines Limited
Has signed a Farm-out and Exploration Joint Venture agreement with Gold Fields Australasia Pty Limited covering a 206 sq km block of tenements in the Reedys area, 50 km SSW of Meekatharra. GoldFields can earn a 51% interest in the tenements by the expenditure of $3.5 million over three years.
Sub-Sahara Resources Ltd
Has reached agreement with Dragon Mining NL to potentially acquire up to 70% of Dragon's 66.66% interest in the Zara gold project in Eritrea.
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