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Austminex Ltd - 26-Jul-04

Announced joint venture with Consolidated Minerals Ltd over the Nepean Nickel project, consisting of Mining Lease15/576, upon which the existing Nepean nickel mine is situated, and the surrounding Exploration Licence 15/238.  Austminex will issue $1 million of its shares at a price of $0.13, amounting to approximately 7.7 million shares and Consolidated Minerals Ltd will have a right to earn a 65% interest in the tenements by expending $6,000,000 on exploration within five years.

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