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Sales

Amalgamated Resources NL

7/4/03

Financial settlement of the sale of its wholly owned subsidiary Loongana Lime Pty Ltd to Meta Holdings has occurred. The proceeds from the sale of Loongana total A$3.05 million in cash and receivables.

Dwyka Diamonds Ltd

3/4/03

Negotiations are currently underway with a party interested in acquiring 100% of Dwyka's South African alluvial diamond mining interests. It is anticipated that Dwyka would retain a significant indirect interest in these assets.

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