Gindalbie Gold NL

7-Aug-03 - Gindalbie Gold NL

Has acquired Yilgarn Gold’s 35% interest in the Mt Mulgine joint venture, taking it to 100% ownership.  Consideration is $25,000 cash; Gindalbie Gold NL shares to the value of $100,000; and a Net Smelter Royalty of 0.75% payable on all precious metals produced over and above 25,000 ounces from the Mt Mulgine tenements.