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Agreements

Agreements

12/5/2003

Has secured funding of A$120,000 for a feasibility and pilot study to investigate the opportunity of selling solar powered water services to island communities and resorts in the Maldives. Funding has been provided by the Dutch Solar Investment Fund through Triodos International Fund Management.

Westmag Ltd

7/5/2003

Has entered into an agreement with Patagonian Gold, a company owned 50% by London listed HPD Exploration PLC, which allows PG to earn up to 75% of their Patagonian gold project near Coyhaique in Chile by spending US$8 million.

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