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Mergers

Dwyka Diamonds Ltd

3/4/03

The merger with Gravity Capital Ltd is on track the documents have been lodged with ASIC and Gravity Capital expects to be able to send the Merger documentation to shareholders shortly.

Tantalum Australia NL

4/4/03

Cancels demerger of Gold Assets Tantalum Australia NL. It will retain its gold assets due to the inability in current market conditions to successfully list Savannah Gold NL on ASX. Savannah Gold NL had the right to acquire the gold asset of TAA upon successful listing of Savannah Gold NL on the ASX.

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