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Sales

Bullion Minerals Limited

18/02/03

Has entered into a one year option agreement effective 14 February 2003 to sell its interests in the Westonia (Princess Royal) project. An initial $20,000 option payment has been made to Bullion

Majestic Resources NL

24/02/03

Wholly owned subsidiary, Intuthuko Mining Pty Ltd has accepted a conditional offer for the Riet River mine from Reho Security Services CC .  Reho is to acquire the mineral resource along with any rehabilitation obligation, plant, unencumbered mobile equipment, stores and supporting facilities by taking over the remaining lease and hire purchase obligations for R10,390,000. In addition Reho will assume responsibility for all rehabilitation, which is estimated to cost R1,200,000.

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