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Agreements

Alinta Ltd

03-Jul-03

Have signed agreements with Alcoa World Alumina Australia Ltd in respect of the planned gas fired co-generation facility at Pinjarra Refinery

Oroya Mining NL

30-Jun-03

Has signed a etter of intent with Barrack Gold of Australia whereby Barrack can earn-in to Mount Gibson Gold Project.  Barrack will subscribe $1.35 million to the capital of Oroya.  Barrack and Oroya have agreed to  expedititiously negotiate and finalise a joint venture agreement.

Equs Ltd

30-Jun-03

Has entered into an option agreement with Relode Ltd for the disposal of Equs' interest in the wholly owned tenements at the Karonie Project.  Relode has paid a $10,000 option fee, with the option being exercisable on 1 September 03.

Goldstream Ltd

30-Jun-03

Has signed an agreement with Lonmin plc to further evaluate Goldstream's Luwumbu platinum project.  Lonmin may earn up to 70% equity and is committed to expenditure of $US500,000 in the first year.

Michelago Ltd

04-Jul-03

Has signed a JV agreement with a Chinese company for the farm in of Jinya Gold Mine.

Niagara Mining Ltd

02-Jul-03

Has entered into an agreement with Solbec Pharmaceuticals to acquire 100% of the Jervois Range Copper Project for $1,000,000

Western Metals Ltd

30-Jun-03

Has signed a heads of agreement with Intec Ltd to investigate the feasibility of jointly developing the Hellyer Metals Project.

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