Response to ASX Query re Appendix 4C lodged.
Has finalised an underwriting agreement with Montt Securities Pty Ltd and has reached an agreement to extend the settlement date for the Tritton acquisition to 31 March 03.
Has finalised a transaction enabling Sons of Gwalia to exit as the company's largest shareholder and for Oroya to consolidate ownership of the Mt Gibson gold project. The transaction involved the cancellation of a back-in right whereby Sons of Gwalia could pay $20 million to regain a 50% contributing joint venture interest in Mt Gibson. It also resulted in the conversion of the convertible notes and the dispersal of all Oroya shares held by Sons of Gwalia. Buyers were found for Sons of Gwalia's parcel of 16.8 million shares, valued at $2.1 million.
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