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Sales

Falcon Minerals Ltd

20/5/03

$500,000 has been received from Tiwest Pty Ltd as part payment for a total consideration of $650,000 relating to the sale of the Company’s Cooljarloo Project.  The remaining $150,000 will be paid on grant of a mining lease over the project area.

Golden State Resources Ltd

26/5/03

Has entered into a letter agreement with Heron Resources Ltd for the sale of all of Golden State's lateritic nickel assets in the Menzies and Comet Vale areas. The sale is for an initial payment of $350,000 and the allotment of 400,000 shares in the capital of Heron.

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