Australian Mining & Exploration Companies-News

BLIGH OIL & MINERALS (28 DECEMBER 2000)

Drilling Activity and Project Status Report -

NEW ZEALAND - PEP38719, TARANAKI BASIN, BLIGH INTEREST: 5.00%
The Rimu-A2 spudded on 26th December. 14(1/2) inch hole was drilled to 108 metres. Current operation is cementing 13(3/8) inch casing.
The Rimu-A2 well is being drilled directionally to 4000m TVD, with an approximate bottom hole location 760 metres north-northeast of the Rimu-A1 exploratory well, which tested at rates up to 1,525 barrels of oil per day and 4.8 million cubic feet of natural gas per day from the Upper Tariki sandstone.

NEW ZEALAND - PEP38718, TARANAKI BASIN, BLIGH INTEREST: 10.00%
The Tuihu-1 exploration well is currently drilling ahead at a depth of 4059 metres.
Tuihu-1 is being drilled to evaluate the Tariki sandstones, on a structure with approximately 30 square kilometres of closure. Depending upon the results encountered in the Tariki formation, the well may be deepened to test the Kapuni formation.

NEW ZEALAND - PEP38728, TARANAKI BASIN, BLIGH INTEREST: 40.00%
Recording of the Tangahoe seismic survey was completed on 19th December. Processing of the seismic data is currently underway.
The tangahoe seismic survey was recorded over 3 structural leads located on the Rimu-Huinga trend, to mature a prospect for drilling.

FIRST AUSTRALIAN RESOURCES (28 DECEMBER 2000)

CLEAR BRANCH FIELD, JACKSON PARISH, NORTH LOUISIANA
Gas production has commenced on the Terry Ewing No 1 well. The well was placed on line on Wednesday 20 December at an initial rate of 800 thousand cubic feet per day on a 10/64 inch choke at a flowing tubing pressure of 2,000 psi. The Operator has proposed a foam frac treatment for the well bore scheduled for mid to late January. No further reports will be issued until the fracture stimulation has been performed.

MOSAIC OIL (28 DECEMBER 2000)

EXPLORATION ACTIVITY - SURAT BASIN QLD

SILVER SPRINGS 11 (MOSAIC 100%)
Last on production in December 1994 has been brought back online using thin production tubing at a stabilised rate over the last week of 100,000 cubic ft/day.

TAYLOR 5. (MOSAIC 100%)
Last on production in August 1995 has been brought back online at a stabilised rate over the last week of 600,000 cubic ft/day and 30 barrels of oil a day.

PEMBROKE 2 (MOSAIC 85%)
The drilling operation at Pembroke 2 was plugged and abandoned on 23rd December 2000.

PRESTON RESOURCES (28 DECEMBER 2000)

Based on extensive discussions and negotiations with Barclays Bank Plc the Directors of Bulong Operations Pty Limited believe that the following proposed changes to the structure of the Senior Secured Notes, Working Capital Facilities and Hedge Facility will be agreed to by Barclays Bank Plc and Noteholders. It is unlikely there will be further material changes to the amended terms as laid out below and the Company will not be making any further announcements until such time is the term sheet becomes effective at which time further and better particulars will be released to the market. In consideration for the proposed changes to the structure of the Senior Secured Notes, Working Capital Facilities and Hedge Facility, the Noteholders will acquire 95% of the ordinary equity of Bulong Operations Pty Ltd.

the requirement for the retention of one semi-annual interest payment in a debt service reserve account will be removed;
the 15 June 2000 (US$11,562,500) and 15 December 2000 (US$11,562,500) interest payments to be capitalised;
the Bulong Companies will not be required to affect payment of Noteholders' interest or the Barclays Working Capital Facilities principal and interest, and instead where the Bulong Companies have generated a cash surplus from operations in excess of $15 million in any fiscal quarter, the excess over $15 million will be set aside for Noteholders and Barclays Bank Plc provided that the Bulong Companies will not have a requirement to use these funds in the next two fiscal quarters;
the Senior Secured Notes and Working Capital Facility will mature on the date when sufficient funds to repay the principal amount of the Senior Secured Notes and Working Capital Facility plus accrued and unpaid interest have been set aside through the above mentioned mechanism;
interest on the working capital facility shall accrue at a rate of 12(1/2)% on a semi-annual basis;
Preston Resources Ltd shall be released from its guarantee of the Working Capital Facility and the Hedge Facility;
Bulong will not be required to deliver into any hedge unless it is cash flow beneficial to the Bulong Companies;
Barclays Bank Plc shall have the right to close out any of the hedge positions, in whole or in part, at its sole discretion;
interest shall accrue on the crystallised portion of the Hedge Facility at a rate of 12(1/2)% on a semi-annual basis.

The aforementioned proposed changes require the approval of the Supreme Court, the Noteholders and the shareholders.

Alcaston has expanded its mineral exploration interests in Sweden to include copper/gold and copper/zinc prospects. This is in addition to its diamond exploration interests held through its subsidiary company in Sweden.
Alcaston has agreed to acquire interests in two exploration properties in northern Sweden known as Lautakoski and Nimtek.
Interests in both are being acquired from a local Swedish exploration company, Geoforum Scandinavia AB and its partner.
Alcaston has acquired an initial 50 percent interest for a cash reimbursement of past exploration expenditure plus the issue of 600,000 ordinary shares which will be held in escrow for 12 months.

AQUILA RESOURCES (27 DECEMBER 2000)

The securities of Aquila will be suspended from quotation from the commencement of trading on Wednesday 27 December 2000, at the request of the Company, pending release of an announcement.

AUSTRALASIAN GOLD MINES (27 DECEMBER 2000)

Australasian Gold Mines through its subsidiary company Tantalum Australia Pty Ltd ("TA") has signed an Advanced Tantalum Sales Agreement (the "Agreement") with Kemet Electronics Corporation ("KEMET") valued at approximately A$1.2m.
Under the Agreement KEMET will make the advance payment to AGM immediately to assist AGM and TA in setting up the pilot plant at the Dalgaranga Project, scheduled to commence treating stockpiled ore by 15 January 2001. KEMET has expressed their wish to expand the pilot plant to 40 tonnes per hour throughput immediately and the funds made available to AGM will assist this process. The funds will also be used to establish a dry mineral dressing facility to enable the final processing of tantalum concentrates to export grade.

BRITANNIA GOLD (27 DECEMBER 2000)

ENTITLEMENTS ISSUE PROSPECTUS - For a pro-rata non-renounceable 1 for 4 entitlements issue of up to approximately 29,853,556 Shares at an issue price of 6 cents per Share together with up to approximately 29,853,556 free attaching Options exercisable at $0.20 on or before 30 June 2003 on the basis of one free attaching Option for every Share subscribed for.

COAL & ALLIED INDUSTRIES (27 DECEMBER 2000)

Peabody Group and Coal & Allied have signed a sale and purchase agreement for the transfer of Peabody's Australian subsidiaries to Rio Tinto's 71% owned, NSW coal subsidiary, Coal & Allied Industries Limited.
Coal & Allied is purchasing the stock of the Peabody subsidiaries that own interests in five coal mines in Australia as well Peabody Mining Services. The coal mines are Bengalla, Warkworth, Ravensworth and Narama in NSW, and Moura in Queensland.
The purchase price is US$455 million in cash for the equity. Taking into account the approximately US$100 million in assumed debt, the total acquisition value to Coal & Allied is approximately US$555 million.

LAFAYETTE MINING (27 DECEMBER 2000)

Results of Definitive Feasibility Study - The findings of the definitive feasibility study confirm the financial and operational robustness of the project.
The directors are pleased to have received approaches from both smelters and contractors wishing to participate in the ownership and financing of the project. Discussions with these parties for the placement of concentrate off-take and construction and mining contracts have commenced and it is expected that these discussions can be concluded in the first quarter of next year.
Having established the financial and technical merits of the project, development of the project is now dependent upon the documentation of project finance arrangements with Standard Bank London Limited and the receipt of Philippines Government regulatory approval. The Company has lodged an Environmental Impact Study of the project with the Philippines regulators and the process by which application is made for a permit to develop the mine is advancing.

MINCOR RESOURCES (27 DECEMBER 2000)

Mincor will fund a portion of the acquisition of the Miitel Sale Block from WMC Resources Ltd via a Rights Issue to shareholders rather than solely via a placement as previously announced.

NORWEST ENERGY (27 DECEMBER 2000)

Lindsay 1 exploration well is now scheduled to commence drilling on Saturday 30th December 2000. Weather conditions have prevented handover of the rig. Drilling of Lindsay 1 will be operated by Tap Oil NL.

WOODSIDE PETROLEUM (27 DECEMBER 2000)

The independent directors of Woodside Petroleum Ltd. have issued the company's target's statement containing detailed advice to shareholders regarding Shell's takeover bid. They have reiterated their earlier recommendation that the bid should be rejected. Shell-nominated directors of Woodside did not make a recommendation.
The target's statement includes a report by an independent expert, Deloitte Corporate Finance Pty Ltd.
The statement outlined key reasons why Shell's offer of $14.80 and a call option for each Woodside share should be rejected.

Key reasons for recommending rejection are:

The independent expert concluded that the offer is neither fair nor reasonable
The offer does not contain an adequate premium for control of Woodside
The offer does not fully reflect the growth initiatives of Woodside

Herald's 71% owned subsidiary, International Annax Ventures Inc. (IAX) reports as follows:

Sopokomil Prospect - Anjing Hitam Deposit

Assay results are in hand for hole SOP 43D, the last Anjing Hitam deposit drill hole to be reported in 2000.

Hole
North
East
Dip/

Azimuth

(mag.)

From

(m)

To

(m)

Width

(m)

Zinc

(%)

Lead

(%)

Zinc + Lead

(%)

Description

SOP43D
9475
5255
-85º/71º
381.5
390.3
8.8
13.2
7.7
20.9
MMH

MMH = Main Mineralised Horizon

The Anjing Hitam shale-hosted, stratiform, massive sulphide deposit has now been outlined by 21 holes collared along 100 metre spaced sections over a 600 metre length, with a downdip extension of approximately 250 metres and thickness varying from 3 to 30 metres. The deposit remains open for expansion with continued drilling.

The next phase of delineation drilling will require further extension holes to the south, determining the up-dip and down-dip limits of the deposit, and infill drilling at a spacing to be dictated by resource assessment and analysis of thickness and grade distribution.

Sopokomil/Other Drilling

Assay results for the most northerly hole SOP 45D, in the Bongkaras sector, have been received.

Hole
North
East
Dip/

Azimuth

(mag.)

From

(m)

To

(m)

Width

(m)

Zinc

(%)

Lead

(%)

Zinc + Lead

(%)

Description

SOP45D
12350
3920
-64º/246º
99.0
104.5
5.5
14.6
8.5
23.1
Sedex

The discovery of massive sulphides grading 23.1% combined zinc-lead over 5.5 metres in hole 45 is very significant in that it confirms presence of high grade sedex-style mineralization 2500 metres north of the Anjing Hitam deposit. Exploration potential is enhanced with previous geophysical surveys defining a strong electromagnetic anomaly down-dip of hole 45.

In summary, the year 2000 Dairi Project drilling program has confirmed potential for one or more zinc-lead deposits within the 3.5 kilometre-long Sopokomil Project. Additional exploration potential has also been indicated within the overall approximately 35,000 hectare Dairi Project area. An accelerated drilling program is warranted in 2001.

For more information on Herald, click here.

PETROZ (22 DECEMBER 2000)

Petroz advises that Phillips Petroleum, the operator of ZOCA 91-12 located in the Timor Sea Zone of Co-operation, has revised upwards the estimate of reserves in the Elang/Kakatua/Kakatua North Oil Fields. This revision is based on the production performance since remedial work and the drilling of a sidetrack well was carried out during the first half of 2000.

The current estimate of Proved Developed Initial Recoverable Reserves is 28.3 million barrels, with production now expected to extend to the third quarter of 2003.

ANZOIL (22 DECEMBER 2000)

The Directors ofIGM Group advised that notice has been received from Anzoil NL with respect to their offer for the acquisition of all of the issued capital in Castle Energy NL in which IGM holds approximately 25.7%. The subject one-for-one share offer is now free of all conditions and is proceeding.
IGM Group Limited will receive 6,433,385 fully paid shares in Anzoil NL imminently, representing a substantial shareholding in that company after the completion of the offer issue of approximately 7.5%.
We are pleased to note the progress that Anzoil NL has made with the Castle Energy LPG project and look forward to its further development for the benefit of shareholders.

AQUARIUS PLATINUM (22 DECEMBER 2000)

The directors of Aquarius Platinum Limited ("Aquarius") and Kroondal Platinum Mines Limited ("Kroondal") have announced a full unconditional cash offer to acquire all of the outstanding shares and options (the "T" options) in Kroondal Platinum Mines Limited not already held by Aquarius or its subsidiaries. It is also announced that Aquarius has today acquired 4,027,240 shares in Kroondal taking its total holding to 20,039,240 shares, being over 50% of the issued share capital, and that the offer is, therefore, for the remaining 19,640,050 shares.
The offer is R32.00 (equivalent to Australian $7.50) for each Kroondal ordinary share and R22.80 for each KPM "T" option.
The unconditional cash offer replaces the previous proposal for Aquarius to acquire the outstanding shares and options in Kroondal by way of a scheme of arrangement. That proposal was subject to certain South African Reserve Bank approvals which have not been forthcoming.

AQUILA RESOURCES (22 DECEMBER 2000)

The securities of Aquila Resources Limited will be placed in pre-open pending the release of an announcement by the Company.

AUSTPAC RESOURCES (22 DECEMBER 2000)

Austpac and Ticor Limited announced that the Board of Directors of Indian Rare Earths Limited (IRE) has approved the entry of Ticor to the AusRutile Joint Venture. AusRutile India Private Limited, an Indian joint venture company in which Ticor will hold a 37% interest, Austpac a 37% interest and IRE a 26% interest intends to develop a synthetic rutile complex based on the high grade mineral sands deposit near Chatrapur in the State of Orissa, India.
AusRutile is planning to construct a 10,000 tpa fully integrated synthetic rutile plant adjacent to IRE's OSCOM project, which is currently mining the southern half of the Chatrapur deposit. The plant will use Austpac's ERMS synthetic rutile and EARS acid regeneration processes, and will purchase ilmenite from OSCOM.

CLUFF RESOURCES (22 DECEMBER 2000)

Cluff announced the recovery of a further 134 gem quality diamonds weighing 24.0 carats from 120 tonnes mined from the Monte Christo Mine at Bingara, NSW. The grade recovered was 20.0 carats per hundred tonnes, with the average size of the diamonds being 0.18 carat. No dry screening of the rocks processed was carried out.
The gravels being mined are from beneath a layer of volcanic ash several metres thick from which low grades of gem diamonds were previously reported. They are from the deepest part of the crater mined to date.

EAST COAST MINERALS (22 DECEMBER 2000)

A large Silver Specimen weighing 128kgs was recovered from the Elizabeth Hill Mine.
The Joint Venture will display this primary silver specimen at the WA Museum Department of Earth and Planetary Services.
The first unique specimen called "Elizabeth Hill Block Buster" is exhibited at the Perth Mint.

FIRST AUSTRALIAN RESOURCES (22 DECEMBER 2000)

CLEAR BRANCH FIELD, JACKSON PARISH, NORTH LOUISIANA
Production equipment has arrived on the Terry Ewing No 1 well location. The Operator has advised that the well will be turned to production this morning with gas sales into the Louisiana State Gas Pipeline commencing immediately.

HARDMAN RESOURCES (22 DECEMBER 2000)

Hardman announced that Woodside Mauritania Pty Ltd ("Woodside"), as Operator of the Joint Venture for Blocks 2-6 offshore Mauritania, has signed a contract for the use of the Saipem drilling rig "Scarabeo 7", which has been chosen to carry out the drilling program offshore Mauritania scheduled for 2Q 2001.

MOSAIC OIL (22 DECEMBER 2000)

Mosaic Oil N.L. has re-entered the Glen Fosslyn No 1 well and perforated a deep zone never previously tested.
Glen Fosslyn No 1 is located in the Surat Basin of Central Queensland and was drilled on a structure of approximately 1 sq km.
A 3-metre zone of an interpreted 15-metre hydrocarbon section was perforated. The intervals perforated were 2088.79 metres to 2090.62 metres and 2099.16 metres to 2100.38 metres.
The zone immediately flowed oil into the well casing. Pumping was undertaken and 120 barrels of oil and no water were produced in one day without any significant change in oil levels. No estimate of reserves is possible at this stage. A pump will be installed as quickly as possible to place this zone on production.

The drilling operation at Pembroke 1 is 1476.5 meters. Hydrocarbon shows occurred in the interval 1474.5 - 1476.5 meters which is the top of the main target section. Drill Stem Test No 1 over the interval failed for mechanical reasons and Drill Stem test No 2 over 1455.33 - 1476.5 meters was run late yesterday and recovered 24 barrels of mud and formation water. The rest of the section (approximately 50 meters) will now be drilled.

NEW HAMPTON GOLDFIELDS (22 DECEMBER 2000)

Proposed Harmony Offer is Inadequate
The New Hampton Goldfields Limited Board believes the offer price of A$0.265 per share is inadequate and significantly undervalues the fundamental worth of the Company.
The Board has appointed CIBC World Markets as financial advisers and Minter Ellison as legal advisers to assist in responding to this offer. The Board will appoint an Independent Expert to value the assets of the company.

NIDO PETROLEUM (22 DECEMBER 2000)

Nido Petroleum Philippines Pty Ltd reports that it has withdrawn from block GSEC-84, Cagayan Basin, Luzon, in the Philippines.
Nido initially held a 10% interest in the block.

PASMINCO (22 DECEMBER 2000)

Credit Suisse First Boston Austrlia (Holdings) Ltd decreased its relevant interest in Pasminco Limited on 18/12/2000, from 68,233,392 ordinary shares (6.068%) to 56,795,546 ordinary shares (5.05%).

ROC OIL COMPANY (22 DECEMBER 2000)

1. ESKDALE-13 WELL SPUDDED
Onshore UK (ROC: 5% free carried interest)
The Eskdale-13 appraisal well in PEDL002 commenced drilling on 5 December 2000. The surface hole was drilled to a depth of 120 metres by 8 December 2000 by the Operator, Star Energy Limited, using a water well rig. 13(3/8)" casing was set and cemented to surface. It is planned to re enter the hole and drill to a total depth of 2,000 metres using the Boldon 28 drill rig, commencing in January 2001.

2. CHESTNUT EXTENDED WELL TEST ("EWT") PLAN PROGRESSING
UK North Sea (ROC: 29.75%)
Work is progressing on preparations for the drilling of the Chestnut appraisal well, which is scheduled to commence drilling in early January 2001. Following completion of the well, and subject to its success, an EWT will be undertaken commencing late in the first quarter 2001. Brovig Production Services will pay all costs associated with the well and the EWT.

3. CLAYMORE - INFILL WELL DRILLING
UK North Sea (ROC: 0.4605%)
The Claymore 14/19-C64 well has reached TD of 3,379 metres and at 0600 hrs local time 20 December 2000 was preparing to log. The Claymore Oil Field is operated by Talisman.

4. UK OIL PRICE AND GAS PRICE HEDGING
ROC, through wholly owned subsidiaries in the UK, has entered into oil price and gas price hedging contracts with Barclays Capital, covering a portion of the Company's 2001 oil and gas production.
The oil price hedge, covering 383,000 barrels of oil over the period from 1 May to 31 December 2001, was implemented at an average Brent oil price of US$24.54, approximately 14% below the average price achieved during 2000.
The gas price hedge, covering 1.7 bcf of sales gas over the whole of 2001, was implemented at an average price of 23.3 pence per therm (US$3.75/mcf), more than 25% above the average price achieved for spot gas sales during 2000.
The volumes hedged represent relatively small proportions (in both cases less than one third) of ROC's 2001 uncontracted production and both hedges were made at prices above the Company's budget forecast to protect some of 2001's revenue potential at a time when the forward price curves are falling.

5. COMPANY SECRETARY
On 29 November 2000, Mr Robert Gerrard was appointed Company Secretary of ROC, replacing Mr Bruce Clement, Chief Financial Officer of ROC, in the role. Mr Clement maintains his connection with the Board as alternate Company Secretary.

SIPA RESOURCES INTERNATIONAL (22 DECEMBER 2000)

Outokumpu Zinc Australia has commenced a Feasibility Study at the Sulphur Springs Zinc-Copper deposit within the Panorama joint-venture area 110km southeast of Port Hedland.
The Sulphur Springs Deposit may be classified as a Volcanogenic Massive Sulphide deposit with similarities to the Golden Grove, Scuddles and Thalanga deposits. The mineralisation is emplaced at the boundary of the Strelley Volcanics and the Gorge Creek sedimentary unit. The dominant mineral assemblage is typically pyrite with subordinate sphalerite and chalcopyrite and siliceous gangue.
Assay results from 16 diamond holes of a 17 hole programme have been received.

Results from three drillholes (SSD 52, 53 & 54) were released in Sipa's September Quarter 2000 ASX Report .
It is considered significant that SSD 53 (27.3m @ 10.4% Zinc) is largely unconstrained to the north.
It is anticipated that a new resource estimate for the Sulphur Springs deposit will be available in the first quarter of 2001 and that a final report for Stage 1 of the Feasibility Study will be complete in the second quarter.

ST BARBARA MINES (22 DECEMBER 2000)

Directors of St. Barbara Mines Limited ('St. Barbara') remain highly confident there are significant benefits in a merger with Taipan Resources NL ('Taipan'). In an effort to ensure this occurs, St. Barbara proposes to make a takeover bid for Taipan in addition to the current merger by way of scheme of arrangement.
The terms of the bid will be:

1 fully paid St. Barbara share plus 7.5 cents cash for every 3 fully paid Taipan shares; and
1 option to subscribe for a St. Barbara fully paid share for 30 cents at any time prior to 29 February 2004 ("St. Barbara Option") for every 4 partly paid Taipan shares.
The bid will be subject to standard "prescribed occurrences". When made, the bid will also be subject to the following defeating conditions:
No material adverse change occurring in relation to Taipan from the date of this announcement.
None of the events referred to in sections 652C(1) and (2) of the Corporations Law occurring from the date of this announcement in relation to Taipan.

TAP OIL (22 DECEMBER 2000)

The Harriet Joint Venture ("HJV") has entered into an exclusive Memorandum of Understanding ("MOU") with Oswal Projects Ltd ("Oswal") a member of the Oswal Group of Companies. It is Tap's understanding that the Oswal Group is one of the top five companies in India with a capitalisation in excess of US$2 billion.
Whilst the MOU is subject to a number of conditions the parties intend to commence negotiations immediately with the intention of signing a gas sales agreement in the first half of 2001.

WOODSIDE PETROLEUM (22 DECEMBER 2000)

The North West Shelf Joint Venture today awarded a contract with a value in excess of $25 million for site preparation works on the Venture's proposed LNG expansion project.
The contract was awarded to a West Australian company, BGC Contracting Pty Ltd.
Site works are expected to start in late January 2001, using a largely Karratha-based workforce of up to 120 people. The site preparation is expected to take about nine months.

BHP Limited (BHP) announced the sale of a parcel of interests in its Algerian oil and gas exploration and development activities to Woodside Petroleum Ltd. The move is consistent with BHP's strategy of actively managing its asset portfolio.
Woodside will take a 15 per cent interest in the Ohanet Risk Service Contract (RSC), a 50 per cent interest in the Boukhechba Production Sharing Contract and a 50 per cent interest in the Ouest Hassi R'Mel Gas Study Agreement. The transaction is subject to Algerian government and SONATRACH approvals.

Woodside Energy Ltd and BHP Petroleum have taken the first step in a long-term co-operative arrangement in North Africa.
Woodside will acquire a 15% interest in the 0hanet Risk Service Contract; a 50% interest in the Boukhechba Production Sharing Contract; and a 50% interest in the Quest Hassi R'Mel Gas Study Agreement for total payment to BHP of US$22.5 million. The transaction is subject to approvals from the Algerian Government and Sonatrach, Algeria's national oil and gas company.

ZIMBABWE PLATINUM MINES (22 DECEMBER 2000)

The directors of Zimplats are pleased to announce the signing of a Framework Agreement with the Government of Zimbabwe. The Agreement enables Zimplats to complete the acquisition of BHP's 67% interest in the Hartley Platinum Joint Venture and its 61.3% interest in the Mhondoro Platinum Joint Venture by Zimplats for US$1, resulting in Zimplats owning 100% of these assets.
The Agreement also enables Zimplats to proceed with the Ngezi/SMC Project under the existing fiscal regime established for the Hartley Platinum Joint Venture until the new fiscal legislation for the Zimbabwe mining industry has been implemented.

Directors are pleased to announce results of recent geochemical drilling at Gunbarrel.

In November, 2000 Cullen carried out a 1,780m programme of base-of-hardpan (BOH) sampling over selected gold target areas at the Gunbarrel Project located in the highly productive Northeast Goldfields of WA, approximately 45km east of the Yandal Belt. The Gunbarrel Project includes two granted tenements, Eureka North E 53/568 (100% Cullen) and Eureka Joint Venture E 53/535 (81% Cullen, 19% North Coolgardie Resources NL).

Areas drilled included Taipan, Taipan South, Jake-Rattle, Cobra (all in E 53/535) and Northern and Dry Blowing (E 53/568). Results are encouraging with significant gold anomalies detected at Cobra, Northern and Dry Blowing, all of which require follow-up drilling. The BOH technique has proved to be effective in the Gunbarrel area, whereas geochemical sampling by previous explorers was limited to surface soil/lag sampling or wide spaced RAB interface sampling without proper regolith control. The technique involves sampling what is interpreted to be a cemented fossil soil horizon where anomalous gold, if present, can be trapped at the base of the layer and as such provides a more useful sampling medium than more conventional methods.

Some 865 shallow holes were drilled with a Vacuum rig, mostly at 200 x 50m spacings within the 10.5 sq km of area covered. Holes averaged 2.1m deep. The basal section of the hardpan layer was sampled and analysed for Au and base metals.

Orientation BOH drilling was carried out at the Taipan prospect where gold mineralisation occurs in zones of quartz veining, pyrite and carbonate alteration hosted by sheared mafic schists. Known mineralisation at Taipan extends for 700m strike and is up to 100m wide (best previous drill intercept 22m @ 2.2 g/t Au). A broad +10 ppb Au anomaly was obtained over Taipan over widths of 160 to 320m and peaking at 180 ppb Au. The anomaly establishes the effectiveness of BOH sampling in this area.

BOH drilling in the Cobra area north of Taipan outlined a significant +10ppb Au anomaly extending for approximately 1000m NW-SE and from 200 to 400m wide with a peak value of 434ppb Au. Three wide spaced RAB holes drilled by earlier explorers in the general vicinity are strongly anomalous in gold (eg 4m @ 1g/t Au from 12m) but do not effectively test the anomaly.

A strong BOH anomaly was also located on the northern most line drilled on the Eureka Grid, 1km NW of the Eureka gold prospect. This anomaly is designated Eureka NW. Gold is anomalous over a 250m width (+10 ppb Au, maximum 281 ppb Au). There are no RAB or RC holes drilled by previous explorers in the immediate vicinity of the Eureka NW anomaly. The anomaly is open to the north and further drill traverses to the north are warranted.

The Dry Blowing North BOH anomaly is approximately 2km SSW of Eureka NW. It extends for 800m NS, is up to 200m wide and peaks at 158 ppb Au. There is no previous RAB or RC drilling within this anomaly.

These targets warrant follow-up drilling which will commence at the start of next year's field season. More details will be released in the next quarterly report. Tenement and general prospect locations can be seen at www.cullenresources.com.au.

LAKES OIL (21 DECEMBER 2000)

TRIFON-1 DRILLING

Lakes Oil N.L. ("Lakes") wishes to announce that as at 6 am this morning the Trifon-1 well, located in PEP 157 in the onshore Gippsland Basin, was drilling ahead at a depth of 2109 metres.

It is anticipated that electric logs will be run over the next 24 hours. These logs will assess the numerous gas sands which have occurred over almost the entire section of the Strzelecki Formation drilled so far. A number of these sands have indicated gas well beyond background levels. On the completion of this assessment, which will address the reservoir quality of the sands, a decision will be made as to which sands will be tested using inflatable straddle packer testing equipment already on site.

A further decision will be made as to whether to deepen the well and investigate the potential of the basal Strzelecki Formation.

Trifon-1 is designed to test the potential of alluvial fans in the Strzelecki Formation, which lie below the traditional Latrobe Group reservoirs of the Gippsland Basin.

For more information on Trifon-1, including the latest photos, click here.

QUEENSLAND GAS (21 DECEMBER 2000)

The Directors of Queensland Gas Company Limited (QGC) announce that wireline logging of the fourth well in their five well Initial Coalbed Methane (CBM) Drilling Program, Pinelands No. 1 has been completed and the well suspended for the Christmas/New Year period.

Log interpretation indicates numerous well developed coal seams over the interval 265.5 metres to 362.5 metres with a total nett coal thickness within that interval of 14.75 metres.

Problems encountered during the drilling may have caused severe formation damage to the coals in this interval and they will be further evaluated once operations recommence after the Christmas/New Year break.

For more information on Queensland Gas, including the latest maps, click here.

BALLARAT GOLDFIELDS (21 DECEMBER 2000)

Ballarat Goldfields NL (‘BGF’) has entered into an agreement with Alliance Gold Limited whereby Alliance may acquire various Central Victorian exploration and mining tenements controlled by BGF’S Subsidiary, Highlake Resources NL. For more information on Ballarat, click here.

ACCLAIM EXPLORATION (21 DECEMBER 2000)

Having received approval from the Traditional Owners for the relevant area, Acclaim has registered Mining Licence 69/71 ("the lease") with the Department of Minerals and Energy.
The Lease encompasses a seven kilometre strike of the Wingellina orebody, situated within the West Musgrave Block and covered by Exploration Licence 69/535.

BEACH PETROLEUM (21 DECEMBER 2000)

A former Santos executive has been appointed to the Board of listed oil and gas explorer and producer, Beach Petroleum NL.
Mr Michael Frost, formerly Santos' General Manager - Exploration, joins Beach as a Director after a 32 year career in the Australian and international petroleum sector.

BENDIGO MINING (21 DECEMBER 2000)

Drill testing on the Sheepshead and Deborah anticlines has now identified four unmined ribbons containing seven gold bearing reefs.
These are within the vicinity of the Swan decline. Two of the ribbons, D3 and D4, are on the Deborah line and two, S3 and 84, are on the Sheepshead line of reef.
Preliminary Fire Assay results have identified what are considered ore grade intersections such as 9 metres @ 21.4 gAu/t, 13 metres @ 5.1 gAu/t and 13 metres @ 8.0 gAu/t within the reefs.

BRITANNIA GOLD (21 DECEMBER 2000)

At the request of Britannia Gold NL, DJ Carmichael Pty Limited will no longer act as an underwriter to the 1:4 Entitlements Issue proposed by the Company as advised on 17th November 2000.
The Company intends to complete the preparation and lodgement of the Prospectus related to the issue to ASIC by the 22 December 2000. Relevant dates in respect of the issue will be advised shortly.

CENTAUR MINING & EXPLORATION (21 DECEMBER 2000)

The Company advises that given the current favourable price of platinum/palladium it is reviewing its landholding for these metals. In particular it is aware of the existence of anomalous platinum/palladium within the weathering profile and host rocks of the Ora Banda Sill.
The Company is the major tenement holder in this area and now plans to immediately commence an exploration program to search for platinum/palladium.

COAL & ALLIED INDUSTRIES (21 DECEMBER 2000)

Coal & Allied Operations Pty Ltd has completed the purchase of the Lemington Mine and its related interests today, pursuant to a Sale and Purchase Agreement signed with Esso Australia Resources Pty Limited on 17 November 2000.

CREST MAGNESIUM (21 DECEMBER 2000)

The directors of Crest have resolved to proceed with a capital raising through a 1 for 1 non renounceable rights issue at 1 cent.
The rights issue will not be underwritten.
The rights issue is fully subscribed should raise approximately $1,930,000.00. The funds raised will be utilised in repaying the remaining indebtedness of Crest Magnesium NL to Multiplex Constructions Pty Ltd of $1,500,000.00.

HELIX RESOURCES (21 DECEMBER 2000)

Helix has today completed a placement of $1.925 million to excluded offerees through D J Carmichael Pty Ltd.
The placement, which constituted an offer of 3.5 million shares at $0.55 per share, does not require shareholder approval and represents approximately 9% of the current issue share capital.
The funds raised will be used to further investigate the Company's Munni Munni Platinum and Palladium Project near Karratha in Western Australia.

KINGSTREAM STEEL (21 DECEMBER 2000)

Kingstream in receipt of the final independent engineering report from Hatch Beddows ("the Hatch Report"), a leading international engineering consultancy.
The review focussed specifically on the following areas; design, construction, operations, environment, management team, capital costs, operating costs, systems, plant integration, and contracts.
The Hatch Report has concluded that "There is no doubt that Kingstream Steel will be a world-class facility incorporating state-of-the-art equipment and leading edge, proven technology".

Kingstream will now work towards putting in place a financing package to enable expeditious commencement of construction.

METEX RESOURCES / DELTA GOLD (21 DECEMBER 2000)

Metex Resources Limited, together with its 50% equity partner in the Laverton Exploration Joint Venture ("LEJV") Delta Gold Limited announced that the Heads of Agreement with the Granny Smith Joint Venture ("GSJV") whereby the GSJV (Placer 60% Delta Gold 40%) will undertake a feasibility study and, if successful, the commercial development of the defined "Chatterbox" open pit mineable oxide resources on tenements M38/101 and M38/535 has been finalized and executed. The GSJV will commence the feasibility study early in the New Year with approximately 7,000m of RC drilling to be completed at Whisper. This feasibility study will be funded entirely by the GSJV and will be completed during 2001.

PASMINCO (21 DECEMBER 2000)

Pasminco announced today that Pasminco Hobart Smelter has returned to full roast production levels, with other parts of the site now back on line and expected to reach capacity over the next week. The site's concentrate conveying system was severely damaged by a fire on 27 November. Installation of a temporary conveyor has enabled roaster production to recommence.

PERSEVERANCE CORPORATION (21 DECEMBER 2000)

The agreement with Ross Mining NL for the purchase of the Timbarra Gold Project has been terminated by the Company.
Several extensions of time have been granted to the Company to enable the purchase to be completed. The agreement was subject to various conditions precedent. Regrettably, and after persistent efforts, it has not been possible for the Company to meet these conditions. Accordingly, the Company has decided to withdraw from the purchase.

SUN RESOURCES (21 DECEMBER 2000)

Sun advised commencement of drilling of Waitaria 2 in mid January 2001 in PEP 38335, East Coast Basin on the east coast of the North Island of New Zealand. Sun will contribute 10.0% of the dry hole drilling costs of the Waitaria Prospect after which its ongoing contribution will be at its 7.5% interest. Westech Energy New Zealand ("Westech") is the operator of the permit.

TAIPAN RESOURCES (21 DECEMBER 2000)

Taipan has allotted and issued 15,000,000 ordinary fully paid shares in the Company at 6.1 cents per share, to
(i) Tricom Nominees Pty Limited as to 5,000,000 shares; and
(ii) Clients of Hartley Poynton Limited as to 10,000,000 shares.

The Company has been served with a new bidder's statement by Troy Resources NL following its announcement on 13 December 2000 that it intended to make an unconditional bid (except for prescribed occurrences) for Taipan. The consideration to be offered is 7.6 cents per Taipan fully paid share and 0.65 cents for Taipan partly paid share.

HERALD RESOURCES (20 DECEMBER 2000)

DRILLING UPDATE , DAIRI ZINC/LEAD PROJECT
Herald's 71% owned subsidiary, International Annax Ventures Inc. (IAX) reports as follows:
Sopokomil Prospect - Anjing Hitam Zone
SOP 43D, the third hole at the southernmost section drilled to date (9475N), has now been completed with an intercept of 9m of typical pyrite/sphalerite rich massive sulphide mineralization. This hole was intended to intersect the target at 100m downdip from hole SOP 41D (6.6m grading 15.6% Zn, 9.1% Pb). However, excessive drill stem deviation resulted in the intercept only being about 40m east of hole 41D, and therefore possibly still near the western edge of the Anjing Hitam trend.
Plans for completion of at least one hole targeting the zone on Section 9300N, have been postponed due to end of year shutdown. Further drilling is warranted at the southern extension and downdip, the mineralization remaining open in these directions.

For more information on Herald, click here.

LAKES OIL (20 DECEMBER 2000)

TRIFON-1 DRILLING

Lakes Oil N.L. ("Lakes") wishes to announce that as at 6 am this morning the Trifon-1 well, located in PEP 157 in the onshore Gippsland Basin, was drilling ahead at a depth of 1921 metres.

It is planned to deepen the well while gas shows continue.

Full evaluation of the well will take place after running electric logs to assess the potential of the sections drilled thus far.

Trifon-1 is designed to test the potential of alluvial fans in the Strzelecki Formation, which lie below the traditional Latrobe Group reservoirs of the Gippsland Basin.

For more information on Trifon-1, including the latest photos, click here.

QUEENSLAND GAS (20 DECEMBER 2000)

The Directors of Queensland Gas Company Limited (QGC) announce that the fourth well in their five well Initial Coalbed Methane (CBM) Drilling Program, Pinelands No. 1 reached a depth of 368 m at 1600 hours on Tuesday 19 December 2000. Mechanical drilling problems have been encountered and the well is now being prepared for wireline logging prior to suspension of drilling operations over the Christmas period.

As a result of the successes in the first three wells in the coals of the upper part of the Walloon Coal Measure, a decision was made to drill Pinelands No. 1 to an increased total depth to evaluate the CBM potential of the coals within the lower part of the Walloon Coal Measures at this location.

An additional air compression unit will be obtained and drilling is expected to resume after the Christmas period.

Pinelands No. 1 is located approximately 31 kilometres south of the township of Wandoan in the Surat Basin in Queensland and approximately 39 kilometres north-west of the third QGC well, Avon Downs No. 1 which flowed gas at a rate of 220,000 cubic feet per day.

Pinelands No. 1 is now programmed to a revised total depth of approximately 560 metres and is located within Authority to Prospect for Petroleum No. 574-P in which QGC can earn a 75% interest in the Walloon Coal Measures.

For more information on Queensland Gas, including the latest maps, click here.

ANGLOGOLD (20 DECEMBER 2000)

The board of directors of AngloGold announced that agreement in principle has been reached for the sale by AngloGold of the assets and liabilities of the South African gold mining operations known as Deelkraal and Elandsrand ("the transaction") to Harmony Gold Mining Company Limited ("Harmony").
Harmony will pay AngloGold R1 billion in cash as consideration for the assets and liabilities of Deelkraal and Elandsrand.

AMITY OIL (20 DECEMBER 2000)

Two zones in the Danismen Formation between 1201 metres and 1231 metres in the Velimese-1 well were perforated at 0740 hrs Turkish time on the 18 December. Gas was observed at the surface at 0819 hrs and flowed at a rate too small to measure. The gas was clean burning. This test indicates the two reservoirs tested are gas bearing, but of low permeability and non-commercial at this location. The three remaining zones of interest in the Danisment Formation will not be tested at this time.

AQUARIUS PLATINUM (20 DECEMBER 2000)

Aquarius Platinum has completed a placement of 8.74 million shares (representing 15% of the Company's issued capital) to Australian and European based institutions. The placement was managed by Euroz Securities Limited in Australia and distribution in Europe was undertaken by Williams de Broe p1c. The placement has raised GBP25 million at GBP2.85 per share (AUD$65.5 million at $7.50 per share). Funds raised from the placement will be used to further the Company's investments in South Africa.

AUSTRALIAN WORLDWIDE EXPLORATION (20 DECEMBER 2000)

Australian Worldwide Exploration Limited advised on behalf of its wholly owned subsidiary AWE Argentina Pty Limited ("AWE") that the Puesto Carrelini-1 well in CNQ-16/A in the Neuquen Basin, Argentina, was plugged and abandoned on December 15, 2000 after encountering only minor hydrocarbon indications.

BEACH PETROLEUM (20 DECEMBER 2000)

The directors of Beach Petroleum NL advise that Beach has settled with the firm of Sydney solicitors against whom Beach brought a claim in 1995 (see note 32 to Beach's 1999/2000 financial year accounts), and in whose favour costs orders have been awarded by the New South Wales Supreme Court, the Court of Appeal of the New South Wales Supreme Court and the High Court of Australia. Beach has agreed to pay the solicitors $3.85 million in full and final settlement of all outstanding issues between the parties.
This settlement finalises all liabilities that Beach has in relation to litigation arising out of Independent Resources Ltd's control of Beach.

BOULDER STEEL (20 DECEMBER 2000)

The directors of Boulder Steel Limited (Boulder) announced that the company has signed a Heads of Agreement with Rox Limited, a public company listed on the Australian Stock Exchange (ASX), to spin off its interest in the Stillwater Platinum Group Metals (PGM) Joint Venture in Montana, USA.

CUE ENERGY RESOURCES (20 DECEMBER 2000)

The Company advises it has changed its name from Cue Energy Resources No Liability to Cue Energy Resources Limited.

GUTNICK RESOURCES (20 DECEMBER 2000)

Further High-Grade Gold Intersections at the Saxon Extended Gold Discovery.
Total gold resources to June 2000 at Saxon Extended totalled 170,000 ounces at a grade of 4 g/t. Since that time, additional gold has been discovered including 60 metres at 5.3 g/t gold from 136 metres in PINC59.
The Company is encouraged by the success of its exploration and drilling at the prospect is continuing.

IVANHOE MINES (20 DECEMBER 2000)

Ivanhoe Mines Ltd's President Daniel Kunz and Chairman Robert M Friedland announced today that the merger between Ivanhoe Mines and ABM Mining Limited is expected to be completed by year end. The merger was approved by 94.22% of the votes cast by Ivanhoe Mines' minority shareholders at the company's Special Meeting of Shareholders on December 15th.

NEW HAMPTON GOLDFIELDS (20 DECEMBER 2000)

Harmony Gold Mining Company Limited announced the intention of its wholly-owned subsidiary, Harmony Gold (Australia) Pty Limited ("Harmony"), to make a cash offer of A$0.265 per share for all the issued share capital of New Hampton Goldfields Limited ("New Hampton") on issue at 9 am on 19 December 2000.
Harmony has entered into an agreement to buy from a subsidiary of Normandy Mining Limited, approximately 19.99% of New Hampton's shares at A$0.265 per share.
Harmony's offer is subject to certain conditions; these conditions include Harmony acquiring a relevant interest in at least 50.1% of New Hampton's shares before the end of the offer period.

The Board is surprised by the opportunistic bid that has been made.
Directors will be meeting tomorrow to appoint independent advisers to prepare an informed response for shareholders.
Until this response, is available, shareholders are advised to take no action. The response will be mailed to all shareholders as soon as it becomes available.

NIUGINI MINING (20 DECEMBER 2000)

Niugini Mining (Australia) Pty Ltd yesterday resumed control of its Red Dome mining lease following its decision not to transfer the lease.
Earlier this year, Niugini Mining signed an agreement to sell the closed Red Dome mine. A prospective purchaser was to assume responsibility for all subsequent site operations as well as maintaining environmental control measures that were put in place during the mine's closure phases.

NORWEST ENERGY (20 DECEMBER 2000)

Norwest Energy NL advises that it has agreed to place up to 11 million fully paid ordinary shares, through broker Barton Capital Corporate Pty Limited via an excluded issue, at an issue price of 20 cents each. The placement will raise approximately $2.2 million less costs including a placement fee of 6%.
Proceeds of the issue will bolster current cash on hand and will be used to further the Company's ongoing exploration efforts.

PORTMAN (20 DECEMBER 2000)

Commonwealth Bank of Australia increased its relevant interest in Portman Limited on 14/12/2000, from 14,580,815 ordinary shares (8.26%) to 17,165,894 ordinary shares (9.72%).

PRIMA RESOURCES (20 DECEMBER 2000)

PROSPECTUS - For a private placement of up to 6,330,000 Shares at an issue price of $0.12 (12 cents) per Share payable in full on application to raise up to $759,600.

SYDNEY GAS COMPANY (20 DECEMBER 2000)

Logan Brae #9 was spudded at 12:00hrs on 18 December 2000. As of this morning the conductor casing has been set at 9 metres and drilling is progressing at 50 metres.
This is the fifth well in the current drilling programme in the Johndilo Pilot Project bringing the total wells to date to 22. Total target depth for Logan Brae #9 is 820 metres to below the base of the Tongarra coal seam.

TANAMI GOLD (20 DECEMBER 2000)

Homestake Mining Company became a substantial shareholder in Tanami Gold NL on 08/12/2000 with a relevant interest in the issued share capital of 10,275,000 ordinary shares (7.63%).

TAP OIL (20 DECEMBER 2000)

Saratoga-1 Update Timor Sea - The well has reached a total depth of 2,139 metres measured depth ("MD"). A gas bearing reservoir of 9 metres gross thickness was intersected within the Flamingo Sandstone at a depth of 1,759 metres MD.

TITAN RESOURCES (20 DECEMBER 2000)

Titan Resources NL is pleased to announce that it's Application for a Commonwealth Government R&D Start Grant has been approved.
The purpose of the grant is to assist the company in funding the second phase of field development trials of its unique BioHeap(TM) Process. BioHeap(TM) involves the application of biological engineering (specifically bacterial oxidation) to the recovery of base metals from sulphide ore deposits in a heap leach environment.
Work on this process to date has shown high levels of metal recovery in excellent time frames and holds great promise for the early commercialisation of this new and environmentally friendly metallurgical route.

TROY RESOURCES / TAIPAN RESOURCES (20 DECEMBER 2000)

TROY RESOURCES NL

To acquire all your ordinary shares in

TAIPAN RESOURCES NL
for
7.6 CENTS CASH FOR EACH TAIPAN FULLY PAID SHARE
and
0.65 CENTS CASH FOR EACH TAIPAN PARTLY PAID SHARE
The Offer is dated and will expire at 7.00pm Perth time on 2001, unless withdrawn or extended.

TROY RESOURCES / TAIPAN RESOURCES (20 DECEMBER 2000)

Troy Resources NL increased its relevant interest in Taipan Resources NL on 19/12/2000, from 43,000,000 ordinary shares (19.99%) to 46,240,088 ordinary shares (21.49%).

WOODSIDE PETROLEUM (20 DECEMBER 2000)

The Woodside Energy Ltd-Energy Equity Corporation Ltd consortium has welcomed the West Australian Government's endorsement of an agreement with Western Power Corporation to provide electricity to the West Kimberley region.
Under the agreement, WEL-EEC will build four new gas-fired power stations to supply electricity to Western Power to meet the growing energy needs of Broome, Fitzroy Crossing, Halls Creek and Camballin.
Gas for the power stations will be transported to each site as liquefied natural gas (LNG) from the Woodside-operated North-West Shelf Gas Venture at Karratha in specially-designed LNG road tankers.

GCR recorded positive results from the recent drilling programme at its 100%-owned Kempfield silver-barite project near Blayney, NSW. Kempfield hosts significant silver, barite, lead and zinc resources along a 3 km strike length in Silurian Volcanics.
The 288m programme comprised three reverse circulation percussion (RC) holes, numbered GKF90 to GKF92 inclusive. The programme consisted of infill drilling aimed at increasing the silver and barite resources in the BJ Zone and extending the zone at depth.
All three holes intersected broad widths of mineralisation including narrower widths of high grade silver and barite mineralisation. All holes were at a declination of 55 degrees and an azimuth of 110 degrees. Best results are set out below:

Kempfield Silver-Barite Project, Results of Recent Drilling Programme at BJ Zone

Hole No.	East (m)	North (m)	Hole Depth (m)	From (m)	Interval (m)	Silver (g/t)	Lead (%)	Zinc (%)	Barite (%)
GKF90	1960	3218.5	96	20	68	61	0.12	0.42	28.40
incl				26	2	169	0.04	0.23	59.80
incl				40	8	113	0.03	0.15	28.40
incl				76	12	48	0.32	1.15	34.40
GKF91	1983	3149	114	40	59	52	0.16	0.70	27.45
incl				42	8	155	0.07	0.32	31.79
incl				84	15	69	0.14	0.74	31.93
incl				90	2	184	0.19	0.89	45.64
GKF92	1950	3145	78	28	50	110	0.04	0.09	30.80
incl				28	24	183	0.05	0.07	33.60
incl				30	4	317	0.10	0.02	52.64
incl				76	2	158	0.07	0.36	26.61

Drill holes GKF91 and 92 were fill-in holes drilled one behind the other on a section near the centre of the deposit. The geology and tenor of results confirm the original model and upgrade the confidence level in the resource.

Drill hole GKF90 was drilled approximately 72 metres to the north. On this section the original model suggested that mineralised horizons were truncated by a fault to the south of the section. However hole GKF90 intersected mineralisation and extended the known resource northward. In addition, geological and geochemical interpretation of the hole suggests that another zone of silver mineralisation occurs in an undrilled area immediately to the east of hole GKF90. A follow-up drilling programme will be commenced in the new year.

Additional resources identified in hole GKF90 and the grade identified in hole GKF92 will have a positive impact on the resource and economics of a potential operation to produce silver-lead, zinc and barite concentrates.
Revised resource calculations are underway. These calculations will be used for the scoping study presently being conducted for GCR on the BJ Zone by consultants Resource Management Group Pty Ltd.

If you have any queries regarding Minotaur Resources Ltd please visit the Company’s new website at www.minotaurresources.com.au or telephone (08) 8362 5333.

MOUNT BURGESS MINING (19 DECEMBER 2000)

We wish to advise that with effect from today Mr Clive Bruce Jones has resigned from the Board of the Company to take up another Board position within the resource industry.

Mr Jeffrey John Moore who is currently an executive director of the Company will resume the responsibility of this position.

For additional information on Mount Burgess, click here.

SEDIMENTARY HOLDINGS (19 DECEMBER 2000)

Sedimentary Holdings NL is pleased to announce that Mr. Kevin Robinson has today been appointed a non-executive director of the Company.

Mr. Robinson is an Executive Director of Selection (LSG) Management, the manager of Lion Selection Group Ltd. He is a geologist with 19 years experience in the mineral resource industry and a director of Lafayette Mining Ltd.

For additional information on Sedimentary Holdings, click here.

AMITY OIL (19 DECEMBER 2000)

Progress Report: Velimese-1 - On the 15 December, 2000, the Joint Venture agreed to test two zones, interpreted as possibly gas bearing by wireline log analysis. The zones are in the Danismen Formation.
By midnight Turkish time on the 17 December (6am on 18 December, Western Standard Time), perforation guns were being run in the hole and perforation of casing over the zones was expected early morning on the 18th.
Wireline log analysis of the Osmancik Formation in the 8(1/2) inch hole showed no significant hydrocarbons, and the well was plugged back to the base of the casing at 1551 metres, to allow testing of the overlying Danismen Formation zones.

BHP (19 DECEMBER 2000)

The Capital Group Companies Inc decreased his relevant interest in BHP Limited on 13/12/2000, from 164,724,163 ordinary shares (9.21%) to 145,696,789 ordinary shares (8.18%).

DIAMOND ROSE (19 DECEMBER 2000)

BHP will manage the Upper Beta Creek diamond joint venture.BHP can earn 40% of Diamond Rose's equity after completing a pre-feasibility study, 50% after completing a bankable feasibility study, which can cost tens of millions of dollars, and an additional 9% upon their decision to build and develop a mine.

EAST COAST MINERALS (19 DECEMBER 2000)

Progress Report-Elizabeth Hill Silver Mine:Munni Munni

On Friday 15th December 2000, the Joint Venture partners lodged a Notice of Intent, including Environmental Impact Study to the Department of Minerals and Energy to reprocess its Elizabeth Hill silver tailings, which are estimated to contain approximately AUS$8 million dollars worth of silver. Receipt of Department of Minerals & Energy approvals are expected February/March 2001.
During last week the Tailings Dam was re-enforced to insure against flooding and cyclones.
The Joint Venture will structure an exploration plan due for commencement after the rainy season to evaluate repetitions of Elizabeth Hill type silver resources.
East Coast Minerals NL has previously delineated four separate platinoid horizons within the Joint Venture tenements at Munni Munni. These horizons were previously reported in December 1995 when platinoids were US$80 dollars an ounce. Since platinoids skyrocketed to US$800 dollars (AUS$1,466.00 an ounce) these platinoid areas may become viable even at low grades in large quantities.

GLENGARRY RESOURCES (19 DECEMBER 2000)

A tenement application has been accepted by the Queensland Department of Mines and Energy for tantalite and rare earth exploration in north Queensland.
The Exploration Permit for Minerals (EPM 13242) application, known as HOMESTEAD, covers 200sqkm and is located 170km west of Townsville and 10km north of the Thalanga base-metal mine.

GOLDEN VALLEY MINES (19 DECEMBER 2000)

GVM announced that it has agreed to undertake a placement of 13 million new Ordinary Shares (representing approximately 14.95% of its issued capital) at an issue price of 4.0 cents per share, raising a total of $520,000 for the Company.
The placement is to be made to a group of Perth investors.
Of the funds raised from the placement, $200,000 will be used to partially retire the Company's outstanding debt facility with Thistle Mining Inc ("Thistle") with the balance of $320,000 applied towards general working capital purposes and the evaluation of new investment opportunities.

GREENSTONE RESOURCES (19 DECEMBER 2000)

Jerdacuttup Project-Ravensthorpe Nickel Prospects - An 8 hole (1575.78m) drilling program comprising 380.40m of RC pre-collar and 1195.38m of diamond coring was completed at Ravensthorpe in late November 2000 by joint venture operator, QNI Exploration & Development Pty Ltd ("QNI").
Four holes totalling 924.60m (240.40m RC and 684.20m DD) were drilled at the Boyup Creek Prospect (RAV1), designed to test beneath a previously defined shallow resource of 648,000 tonnes @ 0.9% Ni, including a higher grade zone of 163,000 tonnes @ 1.57% Ni (Measured plus Inferred Resource). Disseminated, nickel-bearing sulphides were intersected in all four holes, but no massive sulphides were encountered that could be interpreted to represent an extension to the high grade 'channel'.

NORTHERN GOLD (19 DECEMBER 2000)

Northern Gold announced that the Company has raised an additional A$1.7 million in cash through the closure of its hedge position.
The Company has closed out its existing hedge position of 250,000 ounces of purchased put options exercisable at A$500 per ounce on 15 March 2001, and its 250,000 ounces of granted call options exercisable at A$550 per ounce on 15 March 2001, yielding A$1.7 million in cash.
Northern Gold now has no outstanding hedge contracts.
The cash proceeds of this close-out will be applied to strengthening the Company's financial position, and this brings the Company's current cash balance to approximately A$12.7 million.

RIMFIRE PACIFIC MINING (19 DECEMBER 2000)

Intersuisse Ltd have completed an Excluded Placement on behalf of the company raising $574,350.00. The funds raised from the placement will be used to maintain the company's exploration commitments in the Bingara-Copeton region of New South Wales.

SYDNEY GAS COMPANY (19 DECEMBER 2000)

Logan Brae #10 reached total target depth of 812 metres on Friday 15 December 2000. The Bulli coal seam was measured from 663 to 666 metres and the Tongarra coal seam was measured from 790 to 793 metres. Slight gas shows were encountered from depth of 640 metres to total depth.
After logs have, been run the well will be cased, cemented and prepared for fracturing operations. It is presently planned to fracture a set of 5 wells early in January 2001. Thereafter the wells will be completed and put on production flow tests.
Logan Brae #9 is the next well to be spudded in the present drilling programme prior to closing down of activities for the festive season.

ICON ENERGY (18 DECEMBER 2000)

PLACEMENT CLOSES EARLY AND OVERSUBSCRIBED

The Directors of Icon Energy Limited are pleased to announce the successful completion of a $3,000,000 placement of 42,857,142 shares at an issue price of 7 cents per share and a free attaching option exercisable at 15 cents on or before 31 January 2002.

The placement, made through two Australian Broking houses, closed early and oversubscribed.

The capital raising will fund the commencement of a development drilling programme in Louisiana USA.

The project tenements, located 8 miles south of Baton Rouge in Iberville Parish, Louisiana, were acquired by Icon in 1998 following a major downturn in oil prices.

The drilling programme targets proven reserves in the oil and gas sands in the Mississippi River delta system. The first well in the programme will drill through several oil productive sands updip to production in previous wells. It will be deepened below these productive sands to intersect several new sands that have never been penetrated on the Bayou Choctaw salt dome, but which contain oil and gas in surrounding fields. These deeper sands are expected to yield gas and condensate from the high pressured zones. Bayou Choctaw was originally developed in the 1930s but the high pressures prevented drilling into these reservoirs at the time.

Oil and gas pipelines traverse the leases and in some cases are within 250 metres of planned wells.

Bayou Choctaw oil attracts a price equivalent to West Texas Intermdiate crude prices. Gas prices for Henry-Hub gas recently reached a record height of $US9.50 per MCF which is nearly 5 times greater than equivalent onshore Australian gas prices.

In Queensland the coal bed methane programme has been successful and the Operator, Queensland Gas Company, plans a second well early in the new year to follow up the gas flow from Argyle No.1 in ATP 620P which exceeded one million cubic feet per day. This programme has proven the potential for commercial gas production.

For more information on Icon Energy, click here.

LAKES OIL (18 DECEMBER 2000)

TRIFON-1 DRILLING

Lakes Oil N.L. ("Lakes") wishes to announce that as at 6 am this morning the Trifon-1 well, located in PEP 157 in the onshore Gippsland Basin, was drilling ahead at a depth of 1361 metres.

Yesterday DST-1 was run over the interval 1206 to 1274 metres, and flowed gas to surface at a rate estimated as 24 mcf/day. The interval tested corresponds to the gas sands previously tested in the North Seaspray-3 well, and constituted a secondary target in the Trifon-1 well.

Trifon-1 is designed to test the potential of alluvial fans in the Strzelecki Formation, which lie below the traditional Latrobe Group reservoirs of the Gippsland Basin

For more information on Trifon-1, including the latest photos, click here.

BEACONSFIELD GOLD (18 DECEMBER 2000)

The directors of Beaconsfield Gold NL are pleased to announce that:

RESTRUCTURING OF DEBT FACILITIES

Following the restructure, Beaconsfield Gold will have a balance of $27.75 million outstanding with the BankWest project loan and a $4.5 million convertible note (CN) with BankWest.

The replacement of short term debt with a four-year CN significantly improves the ability of the company to pay down the project loan as and when repayments fall due and build up its cash reserves with a view to commencing dividends to shareholders when the project economics allow.

The $4.5 million CN replaces the $2.5 million short-term standby facility with BankWest, $0.75 million of accrued interest on the BankWest facilities and $1.25 million of the initial $29 million project loan.

The CN will have a four year term but BankWest can convert the CN to equity in Beaconsfield Gold in tranches at any time on or before 31 December 2004 at an exercise price of $0.50 per fully paid ordinary share. The interest rate payable on the CN will be the same as for the existing debt.

Beaconsfield Gold has also agreed to cancel the current 2.2 million options held by BankWest (which have an exercise price of $1.25 on or before 31 December 2001) and issue BankWest with 2.5 million new options with an exercise price of $0.45 on or before 31 December 2002.

If BankWest were to exercise all the new options and convert all of the $4.5 million CN, the number of new shares issued would exceed 15% of the currently issued shares. As a result, shareholders will be asked to ratify the issue of the new options and the CN at an extraordinary general meeting of shareholders (EGM) to be called as soon as possible in the new year.

GEORGE DRYSDALE TO JOIN BOARD

Mr George Drysdale has agreed to join the board. George’s investment company, Drysdale Metals Pty Ltd, is the largest shareholder in Beaconsfield Gold and has been a strong supporter of the company in recent years.

Now retired, George has had a long and distinguished career in the metals and minerals trade in Australia. At various times, he was a director of a number of mining companies including Consolidated Rutile, TIO2 Corporation, Australian Antimony Corporation, Metals Traders and Xenolith.

Of particular significance for the Beaconsfield Gold board, for a three-year period George was also the Chairman and CEO of Emperor Mines which operates the high-grade Vatukoula underground gold mine in Fiji.

As George Drysdale exceeds 72 years of age, his initial appointment as a director of Beaconsfield Gold will require the approval of shareholders and that approval will be sought at the EGM to be called early in the new year. Thereafter, George will also be required to stand for re-election each year in November at the annual general meeting of shareholders.

TREATMENT PLANT UPGRADE

The final upgrade of the bacterial oxidation circuit of the ore treatment plant to facilitate commercial production levels is now essentially complete. All four of the large oxidation tanks have been modified and the eight-stage blower system has been commissioned.

Bacterial oxidation performance, cyanide-leach gold recovery and plant reagent usage are all expected to improve in coming weeks as the plant achieves steady state conditions with the new configuration.

Pan Australian Resources N.L. and Normandy Anglo Pte Ltd have agreed to extend the due diligence period to 9 February 2001 in accordance with the Call Option Agreement between the parties.

Under the Agreement, Pan Australian has the option to acquire an 80% interest in Phu Bia Mining Limited a company registered in Laos and a wholly owned subsidiary of Normandy Anglo. The purchase price will be US$500,000 of shares in Pan Australian Resources N.L. to Normandy Anglo. There are put and call options for Pan Australian to acquire Normandy Anglo’s retained 20% share.

Phu Bia Mining is party to a Mineral Exploration and Production Agreement ("MEPA") with the Government of the Lao People’s Democratic Republic. The MEPA incorporates an extensive Contract Area (Figure 1) that contains copper and gold deposits that fit well with Pan Australian’s Puthep Copper Project in Thailand.

Pan Australian has completed its investigations of all technical matters relating to the mine development potential of the deposits within the Contract Area and has also completed its review of all corporate and commercial matters relating to the proposed transaction.

Pan Australian is satisfied that the Phu Kham deposit, located 100 km north-east of the Lao capital Vientiane, has significant potential to be developed into a gold and copper-gold mine through a three-phase development.

This concept is based on initial development of the 300,000 ounce gold cap (from surface to a depth of 20 metres) followed by the development of a copper heap leach zone of 40 million tonnes at 0.5% copper.

Finally, the third phase of the development concept would be exploitation of the primary copper-gold zone where an Inferred Mineral Resource of 85 million tonnes at 1.1% copper and 0.5 g/t gold has been estimated by Pan Australian.

However, the review of the corporate and commercial matters pertaining to the acquisition of shares in Phu Bia Mining Limited has identified several technical and procedural issues. It was not possible to resolve all of these issues within the previously agreed time frame and therefore, Pan Australian and Normandy Anglo have agreed to extend the due diligence period in order that these issues can be resolved.

PETROZ (18 DECEMBER 2000)

Petroz advises that Bayu-Undan Project operator Phillips Petroleum has informed Project participants that the forecast capital cost of the Project has increased from US$1.495 billion to US$1.569 billion. Petroz' share of expenditure increases from US$123.3 million to US$129.4 million.

WMC (18 DECEMBER 2000)

Central Norseman Gold Corporation Limited announced today the signing of a Joint Venture agreement with WMC Resources Ltd (WMC) for nickel exploration on the Company’s Norseman leases.
The agreement, which has been supported by independent review, provides for an 'earn-in' facility where WMC will spend a minimum of $3.35 million dollars over the next five years in search of nickel.
The Norseman joint venture tenements are considered highly prospective for nickel and cover an area of 649 square kilometres.

ADELAIDE RESOURCES (18 DECEMBER 2000)

The Directors announce that the successful conclusion of negotiations with the Central Land Council and the recent signing of agreements has cleared the way for the granting of six gold prospective Exploration Licences located on Freehold Aboriginal Land in the Tanami district of the Northern Territory. This is a significant milestone in the company's exploration effort in the Tanami Province.
The six licences total 1331 sq km in area and are subject to the Mount Solitaire Joint Venture between Adelaide Resources NL and Western Australian based gold producer Troy Resources NL.

ALCASTON MINING (18 DECEMBER 2000)

The Company's Swedish subsidiary, Alcaston Diamond Exploration AB, has reported the completion of its year 2000 detailed reconnaissance sampling program.
Alcaston's main diamond exploration licence covers an extensive area and is situated within in Archean craton that is known to host diamond-bearing kimberlite pipes in other parts of the craton in north-west Russia and in Finland.
Previous work undertaken by the subsidiary Company has included a broad spaced orientation sampling program during the 1999 year and the acquisition and processing of airborne geophysical data.
Analysis of samples from the orientation sampling program have highlighted an area for further follow-up and investigation following the discovery of a kimberlitic indicator mineral.

ARROW ENERGY (18 DECEMBER 2000)

The company has received notification from Santos Limited, the operator of NT/P52, that the Northern Territory Department of Mines and Energy (NTDME), has cancelled NT/P52 for non completion of work programs.
Arrow had argued strongly that the NTDME was not entitled to take this course of action and that this action is prejudicial and premature. Arrow is considering it's position and the rights available to it with respect to the NTDME and it's joint venture partners.

The Amberley No 1 well has been plugged and abandoned at a total depth of 256 metres. The well encountered several water flows in porous and permeable sand units in the Marburg Formation in the zone between 215 metres and 256 metres. Weak gas shows were also encountered in this zone and were associated with tighter units.

ASHANTI GOLDFIELDS / SPINIFEX GOLD (18 DECEMBER 2000)

Ashanti , which for the past one year has been exploring on some of Spinifex Gold Ltd's Tanzanian properties (Buckreef / Rwamagaza and Kitongo projects) pursuant to a farm-in and joint venture agreement has notified its withdrawal from the agreement.
The withdrawal coincides with the first anniversary of the agreement, which would have required Ashanti to reimburse Spinifex a cash sum of USD$1.75 million as well as spend a further USD$3 million on exploration over the next twelve Months.
Spinifex is aware of a number of major mining houses who have shown keen interest in these projects and will commence negotiations with these parties with a view to continuing development of these highly prospective properties.

BHP / QCT RESOURCES (18 DECEMBER 2000)

South Blackwater's Laleham underground mine will be closed by the end of February 2001 because of limited economic reserves and high production costs.
South Blackwater's Kenmare underground mine will complete development of three panels in the upper seam by March 2001. Longwall mining of these panels is expected to be completed by the end of 2001, when Kenmare will be closed due to geological constraints.
The South Blackwater open cut operations will be combined with those of the CQCA Blackwater mine to produce an estimated 13.5 million tonnes of coking and thermal coal a year.
QRL's Brisbane corporate office will be closed.

DIAMOND ROSE (18 DECEMBER 2000)

A joint Venture agreement his been concluded with BHP with respect to Diamond Rose's Upper Beta Creek tenements.
Both companies hope that this project will produce Australia's next major diamond mine(s). BHP has agreed that as and when the project warrants, it will sole fund the project through to bankable feasibility, which on average costs tens of millions of dollars. Upon completion of the bankable feasibility study Diamond Rose will share its equity in the project 50-50 with BHP.

HILLGROVE GOLD (18 DECEMBER 2000)

Itarki Pty Ltd increased its relevant interest in Hillgrove Gold NL on 18/10/2000, from 29,690,076 ordinary shares (8.5%) to 32,206,777 ordinary shares (9.92%).

PANCONTINENTAL OIL & GAS (18 DECEMBER 2000)

Pancontinental Oil & Gas NL has arranged to make a placement of 5 million ordinary fully paid shares at an issue price of 5.5 cents to raise $275,000 (before costs) working capital for the forthcoming New Zealand drilling program and ongoing exploration expenses. The shares will be placed with clients of D&D Tolhurst Ltd and New Zealand broker, Forsyth Barr.
The three well New Zealand drilling program will commence in mid January 2001 with the Westech Energy operated Waitaria 2 well, in the vicinity of the city of Gisborne.
This well will be followed by the Huinga 1 (deepened) and the Waingaromia 2 wells later in the first quarter.

PASMINCO GOLD (18 DECEMBER 2000)

Pasminco Managing Director and Chief Executive David Stewart announced today that the Group was implementing a wide-ranging business improvement program across its operating divisions and corporate office. The program is expected to yield annual cost savings of $100 million by the end of calendar 2001 and lead to fundamental changes in business practices to restore long-term shareholder value. As an immediate measure all discretionary expenditure has been cut and exploration spending significantly curtailed.

PRECIOUS METALS AUSTRALIA (18 DECEMBER 2000)

The Company wishes to advise the market that it has today received a Writ of Summons from Westgold Resources NL in which the Company and executive directors Smith and McKee have been joined as defendants.
Westgold has alleged that the Company engaged in false and misleading conduct with respect to the issue of shares to Westgold in April 2000.
It is the Company's belief that Westgold's claim is unfounded and the action will be vigorously defended.

RANGER MINERALS (18 DECEMBER 2000)

Commonwealth Bank of Australia became a substantial shareholder in Ranger Minerals Limited on 13/12/2000 with a relevant interest in the issued share capital of 3,885,316 ordinary shares (6.00%).

REEFTON MINING (18 DECEMBER 2000)

At the AG meeting, the resolutions in the notice of meeting were considered by shareholders and duly passed.

STRIKER RESOURCES (18 DECEMBER 2000)

The company is very pleased to announce the appointment of Mr Tom Reddicliffe to the position of General Manager Exploration and Evaluation. Mr Reddicliffe was until recently the Australian Exploration Manager for Ashton Mining Ltd.
Mr Reddicliffe is a geologist and brings to the company 25 years of diamond industry experience in both exploration and evaluation. He participated in the Kimberley exploration programmes with the Ashton Exploration Joint Venture which led to the discovery of Argyle and Ellendale pipes and was also involved in the early evaluation of both deposits.

TAIPAN RESOURCES / TROY RESOURCES (18 DECEMBER 2000)

The ASIC has consented to Troy withdrawing its current conditional takeover bid for Taipan because the bid would have lapsed on 19 December 2000 due to defeating conditions not being satisfied. Accordingly, Troy's offers dated 17 November 2000 to Taipan shareholders, pursuant to its conditional bid, are hereby withdrawn. Acceptances under the offers will not result in enforceable contracts and all acceptances received to date are now void.
On 13 December 2000, Troy announced a new bid for Taipan, at the same price and this bid will only be subject to "prescribed occurrences". Troy will send out a new Bidder's Statement at the earliest possible date.

WELLS GOLD CORPORATION (18 DECEMBER 2000)

PROSPECTUS FOR - The issue of up to 26,103,334 fully paid New Shares each at an Issue price of $0.015 to raise up to $391,550.

ELECTROMETALS TECHNOLOGIES (15 DECEMBER 2000)

We are pleased to announce the appointment today of Mr. Denis Byrne as a director of the Company.

Mr Byrne is a Brisbane based commercial lawyer and consultant with wide experience in the corporate, finance, infrastructure and resources areas. He was formerly the Managing Partner of Freehill Hollingdale & Page, Brisbane, and is a past President of the Queensland Law Society and the Law Council of Australia (the peak national body). He is currently the Chairman of the Queensland Gas Appeals Tribunal and served as a member of the Prime Minister's Rail Projects Taskforce (1998/99) and the Wool Working Party (1999/2000). He is a member of the Corporations and Securities Panel, known as the Takeovers Panel, and previously chaired the Panel's Fairfax Inquiry. Until May of this year, Mr. Byrne chaired a number of national Committees within the Horticulture industry, which had been engaged in the industry driven process of devising a new, single entity to deliver R & D and marketing services to the Australian industry, and he is to be appointed a director of the resulting new company, Horticulture Australia Limited.

We also announce that Mr. Charles W. Laycock has resigned as a director of Electrometals with effect from today. Mr. Laycock plans to concentrate on the development of his consultancy business which is largely based overseas.

For more information on Electrometals, click here.

LAKES OIL (15 DECEMBER 2000)

TRIFON-1 DRILLING

Lakes Oil N.L. ("Lakes") wishes to announce that as at 6 am this morning the Trifon-1 well, located in PEP 157 in the onshore Gippsland Basin, was at a depth of 1233 metres. Intermediate casing has been set at a depth of 1232 meters and the well is currently installing BOP’s prior to drilling out later today.

Trifon-1 is designed to test the potential of alluvial fans in the Strzelecki Formation, which lie below the traditional Latrobe Group reservoirs of the Gippsland Basin.

For more information on Trifon-1, including the latest photos, click here.

AQUILA RESOURCES (15 DECEMBER 2000)

Aquila announced the successful completion of a Reverse Circulation Drilling ("RC") program comprising of 9 holes for 1,232 metres and a 5,679 metre RAB Drilling program at the Enterprise Project.
The RC drilling at the United North area has been successfully drilled to the north and south of previously reported holes UNRC02 and UNRC03 Drilling tested a 300 metre strike length and the down dip extensions to the known gold mineralisation. The RC drill holes have intersected both the previously reported gold mineralised zones in the United North area, being a quartz stockwork within basalts and a sheared mafic - granite contact. A best result in hole UNRC010 with 4 metres @ 4.39 g/t gold from 112 to 116 metres depth was recorded.

ARROW ENERGY (15 DECEMBER 2000)

At 6.00am yesterday the well had reached a depth of 151 metres and was drilling ahead.
The well is located approximately 40km west of Brisbane and 9km south of the Roma - Brisbane gas pipeline.
Amberley No 1 is prognosed to test gas-bearing sand in the Jurassic Marburg Formation at a depth of approximately 200 metres. A sample of the gas taken by BNG Operations Pty Ltd from the wellhead of a nearby coal borehole was analysed at approximately 78% methane.

BARRA RESOURCES (15 DECEMBER 2000)

Barminco Pty Ltd became a substantial shareholder in Barra Resources Limited on 12/12/2000 with a relevant interest in the issued share capital of 23,060,001 ordinary shares (43.924%).

BHP (15 DECEMBER 2000)

BHP Limited (BHP) today announced it would continue to operate its Western Australia Hot Briquetted Iron (HBI) plant against strict technical and financial performance criteria.
The announcement followed a nine-month technical and economic review of the plant that determined continued operation was economically viable and was also the most appropriate portfolio value decision.
BHP Managing Director and CEO Paul Anderson said: "The economic assessment projected that continued operation would result in the plant being cash flow positive by financial year 2003, and would generate a positive net present value (NPV) of approximately A$100 million.

BRANDRILL (15 DECEMBER 2000)

Brandrill's 51% owned South African mining services subsidiary, Brandrill Torrex Pty Ltd, today announced it has secured a R200 million (AUD50 million) underground mine development contract at Anglo American Platinum Corporation Limited's ("Anglo Platinum") new Maandagshoek platinum mine near Steelport, Northern Province, in South Africa.

BULLION MINERALS (15 DECEMBER 2000)

Bullion has made a strong start to exploration at its Lake Johnston nickel tenements in Western Australia, announcing encouraging results from its Round Top Hill project - which is located immediately adjacent to the Emily Ann nickel sulphide project.
Bullion announced two encouraging intersections from re-assaying previous drilling samples on the 100%-owned Round Top Hill tenements, both of which resulted in significant improvements on the previous results.
The results included 4 metres at 1.56% nickel within an intercept of 18 metres grading 0.57% nickel from 24 metres to the end of the hole RTRB 27, and 4 metres at 0.46% nickel from 8 metres in hole RTRB 24. The two holes are only 4 kilometres apart along strike, as interpreted from aeromagnetics.

COBRA RESOURCES (15 DECEMBER 2000)

Anaconda has advised the company that it has withdrawn from three of the projects which were included in the Heads of Agreement that is Wowo Gap, Marlborough and Lucknow. The company is now free to deal with these three projects in its own right or with other interested parties.

DIAMOND ROSE (15 DECEMBER 2000)

The securities of Diamond Rose NL will be placed in pre-open pending the release of an announcement by the Company.

FIRST AUSTRALIAN RESOURCES (15 DECEMBER 2000)

CLEAR BRANCH FIELD, JACKSON PARISH, NORTH LOUISIANA TERRY EWING NO 1 WELL
An acid treatment has been performed on the Terry Ewing No 1 well. The well is currently being swabbed in and is continuing to improve, making more gas and fluid behind each successive swab run. Provided these procedures are successful the well will be turned to sales from the Yellow and Orange Hosston Sands.
LAKE LONG FIELD, LAFOURCHE PARISH, SOUTH LOUISIANA STATE LEASE 328 NO 7 WELL (N W SEGMENT PROSPECT)
The Operator, Kriti Exploration, Inc has advised daily contact with R&B Falcon, the rig contractor, who have confirmed they will move on to the Lake Long No 7 well location as soon as the first barge rig is released by any Operator in the area. Equipment is in high demand due to record natural gas prices in the USA.

GUNSON RESOURCES (15 DECEMBER 2000)

Scoping Study - Coburn Project
The results of a scoping study on the Amy Zone heavy mineral sand discovery in Western Australia have given considerable encouragement for the Company to continue its exploration drilling program next year. Amy Zone is a major dune hosted deposit averaging about 1% heavy minerals, which was discovered by reconnaissance drilling earlier this year.

INTERMIN RESOURCES (15 DECEMBER 2000)

Michael Ruane increased its relevant interest in Intermin Resources Limited on 13/12/2000, from 4,340,000 ordinary shares (5.48%) to 5,547,883 ordinary shares (6.82%).

KIMBERLEY OIL (15 DECEMBER 2000)

The securities of Kimberley Oil NL (the "Company") will be placed in pre-open pending the release of an announcement by the Company.

MINCOR RESOURCES (15 DECEMBER 2000)

MCR Reko Diq Project, Pakistan - Mincor has completed the drilling of 14 holes since late October 2000, comprising 5 diamond drill holes totalling 587.42 meters, and 9 reverse circulation drill holes totalling 995 meters. These holes bring the total number of drill holes at the H4 Project to 30, the other 16 having been drilled by BHP in the mid-nineties.
Visual logging of diamond core and percussion chips indicates that supergene copper mineralisation was intersected in 11 of the 14 holes.
Assay results for the first hole, diamond hole RDDD84, completed 4 November 2000, have been received. Using a 0.7% cut-off the following intersections are recorded:
30m @ 1.39% copper from 45m to 75m down hole
10m @ 1.08% copper from 89m to 99m down hole
15m @ 1.24% copper from 105m to 120m down hole

The hole was drilled at an angle of 60 degrees from the horizontal. It ended at 130m (down-hole depth) in hypogene copper mineralisation grading 0.4% copper.
These assay results are considered excellent. RDDD84 is located in an area previously modelled as having only low copper grades.

INDIAN MINING CORPORATION (15 DECEMBER 2000)

Deepgreen Minerals Corporation Limited decreased its relevant interest in Indian Mining Corporation Limited on 11/12/2000, from 72,191,613 ordinary shares (14.55%) to 60,191,613 ordinary shares (11.84%).

OIL COMPANY OF AUSTRALIA (15 DECEMBER 2000)

Kenmore no 26 an oil development well situated approximately 340 metres north-west of Kenmore no 09, latitude 26 deg 39 min 52.33 sec south, longitude 143 deg 26 min 19.79 sec east. The well was spudded at 18:00 hours on December 03, 2000. 245 mm surface casing was set at 172.4 metres rt. The well reached a total depth of 1580 metres rt at 08:00 hours, on December, 11,2000. 140mm production casing was set at 1580 metres rt. The rig was released from drilling operations at 22:00 hours, December, 11, 2000. progress for the week was 370 metres. The well was completed as future oil producer.

PORTMAN (15 DECEMBER 2000)

Portman has decisively moved to reinforce its long-term growth focus in the iron ore industry, today announcing that it would, together with its Silicon Project JV partner (Doral Mineral Industries), seek a replacement party to acquire Portman's 90% interest in the Lithgow Silicon project ("LSP"). The introduction of a suitable replacement party will enable the LSP, which Portman regards as an attractive investment opportunity, to move forward. Portman has also decided to withdraw from plans to enter the forestry business.

RIO TINTO (15 DECEMBER 2000)

Rio Tinto is disappointed that its partners in the Robe River Iron Associates Joint Venture have chosen to pursue legal action over aspects of the development of the West Angelas project. The disagreement between the parties concerns the question of whether the Joint Venture should construct a separate rail line, or avail itself of Rio Tinto Iron Ore's existing rail facilities.

TICOR (15 DECEMBER 2000)

The non-Iscor directors of the Ticor Board have approved, subject to shareholder approval (excluding Iscor), the acquisition of 40% of the IHM Project together with all of Iscor's worldwide mineral sands interests (excluding Iscor's shareholdings in Ticor and Mineral Deposits Limited).

TRIBUNE RESOURCES (15 DECEMBER 2000)

RALEIGH DEPOSIT, KALGOORLIE WESTERN AUSTRALIA
Goldfields as Manager of the East Kundana Joint Venture ("EKJV") has announced an updated resource estimate for the Raleigh gold deposit that lies 2.5 kilometres south of the Kundana Gold Mine and 22 kilometres west of Kalgoorlie in Western Australia.
A total Measured, Indicated and Inferred Resource of 747,000t at 41.7g/t gold for 1.0 million ounces is estimated for the Raleigh Deposit. This comprises a Measured Resource of 23,000 tonnes at 8l.1g/t gold, an Indicated Resource of 365,000 tonnes at 54.8g/t gold and an Inferred Resource of approximately 148,000 tonnes at 5.8g/t gold for the Raleigh Vein, and a further Inferred Resource of approximately 211,000t @ 5.8g/t gold for the Hangingwall Vein and Spur Vein zones.

WESTERN METALS (15 DECEMBER 2000)

The company and Mr Rod Webster have agreed terms of Mr Webster's resignation from the board of the company and all subsidiaries on an amicable basis.
His resignation is effective as of yesterday.

WOODSIDE PETROLEUM (15 DECEMBER 2000)

Recognising that Woodside is currently in the final stages of preparing its Target's Statement in response to the takeover offer by Shell Australia Investments Limited, the Directors of Woodside met today to consider options for the Company's final dividend for year 2000.
The Directors resolved that their intention, in the absence of any material adverse financial events, is to declare at the Board meeting on 20 February 2001, a final dividend for the year ended 31 December 2000 of 60 cents per share fully franked, comprising 18 cents per share normal dividend and 42 cents per share special dividend. This would result in a 2000 total dividend of 82 cents per share fully franked.
The book's closing date to determine shareholders entitled to the final dividend will be 19 March 2001 and the final dividend is expected to be paid on 30 March 2001.

ALCASTON MINING (14 DECEMBER 2000)

The Company's Swedish subsidiary, Alcaston Diamond Exploration AB, has advised that analysis of a sample obtained from recently completed field work contains an indicator mineral designated as "possibly kimberlitic" by the laboratory which analysed the samples.
This positive result, obtained from a chrome spinel indicator mineral, has a similar chemistry to the original positive result obtained in the previous year's orientation sampling program.

AMITY OIL (14 DECEMBER 2000)

The Velimese-1 well reached a total depth of 1733 metres at 0945 hours on 12 December. Wireline logs are presently being run in the 8 (1/2) inch hole between 1551.5 metres and 1733 metres. The interval being logged includes the Osmancik Formation.
Since the last ASX report, a 12(1/4) inch hole was drilled to 1551.5 metres and the hole wireline logged before setting and cementing 95/8) inch casing. Drilling then continued in 8(1/2) inch hole size to TD.
Wireline log analysis of the Danismen Formation in the 12(1/4) inch hole has defined several potentially gas bearing zones for testing through casing. A test programme has been formulated for the Danismen.

BALLARAT GOLDFIELDS / ALLIANCE GOLD (14 DECEMBER 2000)

Ballarat has entered into an agreement with Alliance Gold Limited whereby Alliance may acquire various Central Victorian exploration and mining tenements controlled by BGF's subsidiary, Highlake Resources NL.
The tenements comprise: the Dunolly-Moliagul licences (MIN 4837, EL 4351, EL 4300, EL 3115); the Campbelltown Project (EL 3377); and the Maryborough Project (EL 3626).
Alliance may, subject to its due diligence assessment and receipt of all regulatory approvals, move to full ownership and operation of the projects by satisfying agreed permitting and production targets.
In return, BGF will receive a royalty revenue stream from gold produced from the properties.
Alliance will fund all exploration, production and rehabilitation expenses and intends to utilise its nearby Maldon treatment plant to process ore sourced from the tenements.

BLIGH OIL & MINERALS (14 DECEMBER 2000)

NEW ZEALAND - PEP38719, TARANAKI BASIN, BLIGH INTEREST: 5.00%
Following completion of an initial testing programme, the Rimu B-2 well has been suspended and the drilling rig is being moved to the Rimu-A pad location for the drilling of the Rimu-A2.
The Rimu-A2 well will be drilled directionally, with an approximate bottom hole location 2,500 feet North/Northeast of the Rimu-A1 exploratory well, which tested at rates up to 1,525 barrels of oil per day and 4.8 million cubic feet of natural gas per day from the Upper Tariki sandstone.

NEW ZEALAND - PEP38718, TARANAKI BASIN, BLIGH INTEREST: 10.00%
The Tuihu exploration well is currently preparing to drill out of 9(5/8)" intermediate casing at a depth of 3750 metres.
Tuihu #1 is being drilled to evaluate the Tariki sandstones, on a structure with approximately 30 square kilometres of closure. Depending upon the results encountered in the Tariki formation, the well may be deepened to test the Kapuni formation.

NEW ZEALAND - PEP38728, TARANAKI BASIN, BLIGH INTEREST: 40.00%
Line surveying and shot hole drilling operations on the Tangahoe seismic survey have been completed. Recording commenced on 9th December.

PAPUA NEW GUINEA - PPL206, BOSAVI, FORELAND/DARAI PLATEAU. BLIGH INTEREST: 50.00%
The first phase of seismic acquisition of the Okari survey has been completed, and the data is currently being processed. Initial indications are that a potentially drillable structure appears to be present, although this is subject to further processing and interpretation.

BUKA MINERALS (14 DECEMBER 2000)

Buka is pleased to advise that written notice has been received from Noranda Pacific Pty Ltd that it intends to exercise its option to acquire a 75% interest in the Lady Loretta zinc/lead/silver deposit for $21 million.

CENTRAL PACIFIC MINERALS / SPP (14 DECEMBER 2000)

The Companies (SPP/CPM) advise that shale processing and oil production operations resumed at the Stuart Stage 1 Plant in late November after a planned three-month turnaround. Over $6 million of new equipment was installed in the plant to reduce air emissions and noise, together with extensive preventative maintenance.
Shale was re-introduced into the ATP shale processor on 29 November 2000 with the objective to test the effectiveness of the new emissions and noise abatement equipment. Shale target rates of 150-160 tonnes per hour (60-64% of capacity) were maintained through 4 December, by which time all parts of the plant, including the naphtha hyrotreater, had been placed onstream. Preliminary odour sampling and noise measurement during this period indicated an improvement from prior runs.

CLUFF RESOURCES (14 DECEMBER 2000)

Cluff has recovered of a further 125 gem quality diamonds weighing 23.3 carats from 100 tonnes mined from the Monte Christo Mine at Bingara, NSW. The largest stones recovered were 1.6 and 1.2 carat whites. The grade recovered was 23.3 carats per hundred tonnes, with the average size of the diamonds being 0.18 carat. This is a significant increase in size from the average of 0.13 carats per stone in many parts of the early development of the pit. No dry screening of the rocks processed was carried out.
The larger stones are interpreted to reflect the higher energy geological setting of the crater floor gravels from which they were obtained. The gravels being mined are from beneath a layer of volcanic ash several metres thick from which low grades of gem diamonds were previously reported. They are from the deepest part of the crater mined to date.

DIAMOND ROSE (14 DECEMBER 2000)

Diamond Rose is pleased to announce that it has concluded an agreement to acquire an option to purchase the interests of the Joint Venture Partners in the Upper Beta Creek Project.
The agreement is significant as it secures for the Company a 100% direct interest in the project, which according to Maureen Muggeridge, consultant geologist to the Company ".. is at the forefront of current diamond exploration ventures."

Vageta Pty Ltd decreased its relevant interest in Diamond Rose NL on 12/12/2000, from 69,144,005 ordinary shares (51.55%) to 63,644,005 ordinary shares (47.45%).

GUTNICK RESOURCES (14 DECEMBER 2000)

Gutnick announced the publication of a new explanation for the origin of the Witwatersrand gold deposits of South Africa. These ideas in turn lead to a new methodology to discover similar goldfields elsewhere in the World.

HELIX RESOURCES / HUNTER RESOURCES (14 DECEMBER 2000)

Helix advised that the dispute between Hunter Resources Limited (Hunter) and plainters concerning the 65 square kilometre Munni Munni mining leases has now been successfully resolved by Helix. Ministerial approval has recently been received which now enables Hunter to transfer 100% ownership of the Munni Munni project to Helix. Accordingly, Helix will accelerate its activities on the project with a view to completing a Scoping Study by February 2001. The Scoping Study report will include new ore resource calculations, current underground and open cut mining costs and will be the precursor to a full Feasibility Study planned to commence on the project in March 2001.

Helix also announced that the Directors have agreed to place up to 3.5 million fully paid shares at an issue price of $0.55 each to clients of D J Carmichael & Co. The placement will raise up to $1,925,000 less costs of the issue.

KIMBERLEY DIAMOND COMPANY (14 DECEMBER 2000)

Kimberley Diamond Company NL (ASX: KIM) has had further exploration success at its Blina Diamond Project, announcing the recovery of diamonds from the rich Terrace 5 gravels in two areas downstream from its current search area for the lamproitic source of the diamonds.

The results, which included the recovery of an exceptional white macle weighing 1.87 carats from Pit 69 (on the Auridiam/Diamond Ventures option tenement), provide further evidence for the continuity of the Terrace 5 gravels, albeit with erratic grade distribution typical of alluvial diamond deposits.

A total of 5 diamonds weighing 3.21 carats was recovered from a 95-tonne bulk sample taken from Pit 69, including the white macle and one other gemstone weighing just over half a carat. Pit 74 contained 3 diamonds weighing 1.26 carats, with the largest stone weighing 0.54 carats.

Kimberley has now recovered over 170 diamonds during its 2000 field season, making it one of the most successful ever at the Blina Project, which is located 110 kilometres east of Derby.

LIONORE AUSTRALIA (NICKEL) (14 DECEMBER 2000)

LionOre Australia (Nickel) has made a formal decision to develop its wholly owned Emily Ann nickel sulphide project, following completion of the formal documentation for project financing with Inco Limited and NM Rothschild & Sons (Australia) Limited.
LionOre Nickel hits a life of mine off-take agreement in place with Inco, one of the world's largest nickel producers, to purchase nickel concentrate from Emily Ann, underpinning the long-term future of the project.
The Emily Ann mine, located 540 kilometres east of Perth in the Lake Johnston greenstone belt, is scheduled to commence production by the end of 2001. Emily Ann is a high-grade nickel sulphide deposit containing an estimated Indicated and Inferred Resource of 2.1 million tonnes of ore at 3.98% nickel for 84,000 tonnes of contained nickel. A Probable Ore Reserve for Emily Ann (calculated in 1998 using a nickel price of US$2.50/lb) of 1.2 million tonnes of ore at 3.4% nickel incorporates conservative mine recovery and dilution factors which will be reassessed once access to the orebody is achieved.

MOSAIC OIL (14 DECEMBER 2000)

Mosaic Oil's continuing growth in revenue and subsequent cash reserves has enabled it to take a higher interest in risk wells.
Drilling commenced today on a prospect called Pembroke-2 in the Surat Basin of Central Queensland. If successful, Mosaic's median target for the prospect is 1.2 million barrels of recoverable oil, with the Company acknowledging the existence of strong upside.

Chief Executive Officer, Dr Howard Brady, said: "At Pembroke-2, Mosaic Oil retains a 60 per cent interest in the prospect, while contributing 85 per cent of costs.
"The company's cash reserves have grown from $3.4 million to $4.4 million since 30 June this year, which has enabled the company to increase its gearing in the event of a discovery.
"This boost in cash reserves is a result of continued revenue growth in the Silver Springs area of the Surat Basin," Dr Brady said.

Mosaic Oil will soon spud another highly geared well in the Surat Basin, retaining a 71 per cent interest in that well.

NORWEST ENERGY (14 DECEMBER 2000)

Norwest Energy NL advises that the recent cyclone in Western Australia has delayed the drilling of both wells.

LINDSAY 1
This well is, now, expected to commence drilling towards the end of December.

PUFFIN 6
Puffin 6 appraisal well will commence early January 2001.

PAN PACIFIC PETROLEUM (14 DECEMBER 2000)

The operator of the Tusk licence, Apache Energy, has prioritized the drilling of Tusk-2 and the well is now due to spud in early January. Scheduled time to drill to total depth of 1375 metres, and to evaluate the objective sands, is eight days.

PETROZ (14 DECEMBER 2000)

Agip Energy (Australia) Pty Ltd increased its relevant interest in Petroz NL on 12/12/2000, from 34,837,690 ordinary shares (15.40%) to 35,231,927 ordinary shares (15.57%).

SANTOS (14 DECEMBER 2000)

Santos announced the immediate appointment of Mr John Ellice-Flint as the Company's Chief Executive Officer and as Managing Director with effect from the date of the Company's next Board Meeting on 19th December 2000.

TAP OIL (14 DECEMBER 2000)

AMP Limited increased its relevant interest in Tap Oil Limited on 11/12/2000, from 11,999,824 ordinary shares (9.13%) to 13,837,224 ordinary shares (10.53%).

TUART RESOURCES (14 DECEMBER 2000)

The securities of Tuart will be suspended from quotation immediately at the request of the Company,

LAKES OIL (13 DECEMBER 2000)

TRIFON-1 DRILLING

Lakes Oil N.L. ("Lakes") wishes to announce that as at 6 am this morning the Trifon-1 well, located in PEP 157 in the onshore Gippsland Basin, was at a depth of 1233 metres.

Over the next 24 hours we expect to run wireline logs and commence running 244 mm intermediate casing. After the completion of setting the intermediate casing drilling will re-commence with the target zones within the Strzelecki Formation, our objective. The top of the Strzelecki Formation was intersected at 1230 metres.

Trifon-1 is designed to test the potential of alluvial fans in the Strzelecki Formation, which lie below the traditional Latrobe Group reservoirs of the Gippsland Basin.

For more information on Trifon-1, including the latest photos, click here.

AUIRON ENERGY (13 DECEMBER 2000)

Aurion has appointed Mr Walter McClay as Project Director for the Company's Ballymoney Power Project in Northern Ireland. Mr McClay will be responsible for the updating of the Project's coal resource definition, the mining costs, the mine site electricity generating costs and determining the size of the market opportunity.

Auiron also announced the appointment of WEFA, (formed as Wharton Econometrics in 1963, and now part of the $2.5bn Thompson Group) to undertake a competitive electricity market study for the "all-island" energy market in Northern Ireland and the Republic of Ireland.

AUSTRALIAN WORLDWIDE EXPLORATION (13 DECEMBER 2000)

AWE advised on behalf of its wholly owned subsidiary AWE Argentina Pty Limited that, as at 2000 hours on 11 December, the Puesto Carrelini-1 well in CNQ-16/A in the Neuquen Basin, Argentina, was drilling ahead at 2384m. Progress for the week was 697m.
No significant hydrocarbons have been encountered.

BATTLE MOUNTAIN GOLD (13 DECEMBER 2000)

A special meeting of stockholders of Battle Mountain Gold Company will be held on Friday, January 5, 2001, at 9:00 am, Houston, Texas time, to be held at the Doubletree Hotel at the Allen Center, 400 Dallas Street, Houston, Texas 77002.

At the special meeting you will have the chance to vote on the merger of Battle Mountain Gold Company with a wholly owned subsidiary of Newmont Mining Corporation. If the merger is completed, Battle Mountain will become a wholly owned subsidiary of Newmont .

BEACH PETROLEUM (13 DECEMBER 2000)

Beach reported continued success in its current five well drilling program in southwest Queensland. Following the success of Kenmore-24, the Kenmore-26 well has encountered good quality, hydrocarbon bearing sands in the Birkhead Formation/Hutton Sandstone and flowed oil and water to surface during testing of the Basal Jurassic.
A drill stem test of the Basal Jurassic flowed 5.4 barrels of oil and 11.3 barrels of water to surface over a 60 minute flow period. A further 8.5 barrels of oil and 24.2 barrels of water were recovered from pipe.
Kenmore-26 has reached a total depth of 1580 metres. The well has achieved its objectives and is currently being cased and completed for oil production from the Birkhead Formation/Hutton Sandstone.
The next well in the program, Kenmore-25, is expected to spud on Thursday 14th December 2000.

BEMAX RESOURCES (13 DECEMBER 2000)

Iluka Resources Limited ceased to be a substantial shareholder in Bemax Resources NL on 11/12/2000. For additional information on bemax, click here.

BURDEKIN PACIFIC (13 DECEMBER 2000)

Gutnick Resources, manager of the Pinjin Joint Venture, has released significant drill hole results from the first three holes of a recently commenced reverse circulation drilling program. The most significant result, in PINC59, comprised a down hole intersection of 60m at 5.3 g/t gold including 20 metres at 10.3 g/t gold. The announcement released by Gutnick is attached.

The drilling program is being conducted on mining leases surrounding the Anglo Saxon deposit at Pinjin. Gutnick is earning 70% equity from Burdekin in this Joint Venture, the "Trouser Legs Tenements JV", by the expenditure of $2 million. The manager advises that they expect to complete a further 20 RC drill holes before the end of December 2000.

The manager also advises that the deposit remains open along strike and at depth. Continued exploration could result in a major new gold discovery at Saxon Extended where the current reported resource stands at 170,000 contained ounces of gold at a grade of 4 grams per tonne.

CANNING ENERGY (13 DECEMBER 2000)

Carillion Holdings Pty Ltd increased its relevant interest in Canning Energy Limited on 19/09/2000, from 13,445,086 ordinary shares of 20 cents each (26.86%) to 13,505,086 ordinary shares (26.98%).
There was no change to the 2,675,000 contributing shares paid to 17 cents (5.34%) held by Carillion Holdings Pty Ltd.

GIRALIA RESOURCES (13 DECEMBER 2000)

The Company has received a Notice of Requisition of General Meeting, pursuant to Section 249D of the Corporations Law.
The resolutions to be proposed at the meeting are:

1. To consider the appointment of Mark Kennard Connell as a Director.
2. To consider the removal of Phillip Charles Golding as a Director.
3. To consider the removal of Graham Douglas Riley as a Director.
4. To consider the removal of any other person appointed as a Director between the date of the Requisition and the holding of the meeting.

GOLDFIELDS (13 DECEMBER 2000)

Mr John B Studdy, AM has been appointed a Director of the Company.

HARDMAN RESOURCES (13 DECEMBER 2000)

PROSPECTUS- For a maximum 14,000,000 New Options for nil consideration, each New Option giving the holder the right to subscribe for one fully paid Ordinary Share in the Company at an exercise price of $0.60 per New Option with such right being exercisable on or before 36 months from date of issue.
The Issue is NOT underwritten.

LONGREACH GOLD OIL (13 DECEMBER 2000)

The closing date for the receipt of applications for shares to be issued under the terms of the Share Purchase Plan has been extended to 31 January, 2001.

PASMINCO (13 DECEMBER 2000)

The Federal Court in Sydney ruled that legal firm Coleman & Greig must pay Pasminco's costs resulting from a failed class action against the company.
In May this year, the Federal Court dismissed the action relating to Pasminco smelters at Cockle Creek in New South Wales and Port Pirie in South Australia as 'hopeless' and 'doomed to fail'. At that time, Pasminco asked the Court to reserve its decision in relation to costs.

PETROZ (13 DECEMBER 2000)

ENI notes that Phillips Petroleum Company has made an offer to Petroz shareholders of A$0.70 cents per share. ENI further notes that Phillips' offer is conditional upon a number of factors.
In light of this higher offer, ENI is reviewing its assessment of the value and potential economic return of its investment in Petroz and will be making a further announcement regarding its offer in due course.

Agip Energy (Australia) Pty Ltd increased its relevant interest in Petroz NL on 11/12/2000, from 34,177,610 ordinary shares (15.10%) to 34,837,690 ordinary shares (15.40%).

QCT RESOURCES (13 DECEMBER 2000)

METCOAL HOLDINGS (QLD) PTY LTD - TAKEOVER OF QCT RESOURCES LTD NOTICE OF COMPULSORY ACQUISITION.

TAIPAN RESOURCES (13 DECEMBER 2000)

The Corporations & Securities Panel has affirmed ASIC decisions made 2 November 2000 and 5 December 2000 which decisions together effectively provided that the current Troy Resources NL bid for Taipan be subject to the defeating condition that the Troy bid would not proceed if the Taipan/St Barbara merger was approved by the Supreme Court of Western Australia.

Troy applied to the Panel to enable it to waive the abovementioned defeating condition, however that application has failed.

The Panel went further to advise that ASIC's decisions were intended to ensure that the terms of Troy's bid were consistent with Troy's public statements and intention.

TANAMI GOLD / HOMESTAKE MINING (13 DECEMBER 2000)

Homestake Mining Company became a substantial shareholder in Tanami Gold NL on 08/12/2000 with a relevant interest in the issued share capital of 10,275,000 ordinary shares (40.65%).

ZEOLITE AUSTRALIA (13 DECEMBER 2000)

The Company successfully raised $450,500 through the placement of 1,060,000 ordinary shares at a price of $0.425 for each fully paid share in the capital of the Company.
The shares were placed with institutional and professional investors and will rank equally with and have the same rights as all existing shares.
It is intended that the funds raised will be used to accelerate the market penetration of the innovative, cost-effective and environmentally friendly ZELflocc wastewater treatment technology, progress the commercialisation of the new ZELamm wastewater treatment technology and to provide additional working capital.

LAKES OIL (12 DECEMBER 2000)

TRIFON-1 DRILLING

For more information on Trifon-1, including the latest photos, click here.

ICON ENERGY (12 DECEMBER 2000)

We advise the General Meeting of the company was held today and voting on the resolutions contained in the Notice of Meeting dated 8 November 2000 was as follows:-

Sixty three valid proxies were received representing 17,988,024 ordinary shares.

Ordinary Resolutions

Resolutions 1, 2, 3 and 4.

The resolutions were voted separately and passed by a majority of shareholders present and by proxy who are entitled to vote.

For more information on Icon, click here.

MACMIN (12 DECEMBER 2000)

Re: TEXAS SILVER PROJECT, QUEENSLAND

The Twin Hills feasibility study has confirmed that an economic silver mine, (based on open pit mining, heap leach processing of the ore and economic criteria valid as at the end of November 2000), can be established at Texas in S.E.Queensland.

The feasibility study envisages a three stage mine development.

Stage 1 – a higher grade pit which would mine approximately 65% of the present Probable Ore Reserve
Stage 2 – an extended pit to mine the remaining Probable Reserve and the part of the present Indicated Resource not included in the Reserve, but which may be converted to Reserve category by drilling over the next 9 months
Stage 3 – a further enlargement of the pit (probably to the south) to mine additional ore which may be proven up from the present Inferred Resource by additional drilling over the next 30 months

Cash flow forecasts suggest that stage one would yield a $12 million net cash flow to Texas Resources Pty Ltd (wholly owned subsidiary of Macmin Ltd) over a 21 month period probably commencing from July 2001and after repayment of approximately $5 million in capital expense.

Stage 2 could yield a further net cash flow of approximately $14 million over the 18 to 36 month period after the commencement of production, and the completion of stage 1. There would be some overlap between stages 1 and 2. A decision on whether or not to proceed with stage 2 will probably not be made until the end of 2001.

Stage 3 could add further earnings which at this point in time cannot be quantified.

The company believes there is excellent potential to locate and develop other silver deposits in the Texas Silver District.(see earlier releases to the ASX) The company has exploration licenses totalling 379 sq kms in the district which, as far as we are aware cover all silver potential areas in the Texas Silver District.

Director’s wish to caution shareholders that the development and cash flows outlined above are subject to the silver prices and other economic criteria which were valid at the end of November 2000, obtaining the grant of a mining lease by the Queensland Government, and finalisation of mine capital financing. In addition, stage 2 and 3 forecasts are less certain, should be regarded as higher risk than stage 1 forecasts and are dependent on infill drilling results.

The company is proceeding with plans to "spin off" Texas Resources Pty Ltd to Macmin shareholders by way of an in species distribution of Macmin’s shares in Texas Resources Pty Ltd. Texas Resources Pty Ltd will change its name to Texas Silver Mines Limited and will become a silver focussed company, initially concentrating on silver mine development and exploration in the Texas district of Queensland. This new company should have appeal to silver investors and may be the sole silver focussed company in Australia.

Shareholder approval for the "spin off" will probably be sought in late February 2001.

For more information on Macmin, click here.

ACCLAIM EXPLORATION (12 DECEMBER 2000)

The company has allotted 40,000,000 Partly Paid shares at an issue price of $0.10 each paid to $0.01 each on application which raised $400,000. A further call of $0.01 per share is due on 8 March 2001 raising an additional $400,000.

ANACONDA NICKEL (12 DECEMBER 2000)

Anaconda and Glencore International AG announce that they have agreed to terminate the arrangements that existed between Murrin Murrin Holdings Pty Limited ("Murrin Murrin") and Glencore International AG and Glencore AG for the sale of Murrin Murrin product. The termination will take effect immediately.
Sales contracts already entered into for Murrin Murrin by Glencore will not be affected and arrangements have been agreed with Glencore so as to ensure a smooth and orderly transition for Murrin Murrin and its customers. Glencore will continue to market its 40% share from the Murrin Murrin Operation.
These arrangements, considered critical to the success of the Three Nickel Provinces (3NP), allow Anaconda direct relationships with its worldwide customer base for the first time.

Anaconda Nickel Ltd (Anaconda) hereby corrects information released by Centaur Mining Ltd (CTR) today that the Preliminary Agreement for the Cawse Expansion (Cawse Expansion Agreement) has been terminated on the basis of repudiation by Anaconda.

There is not, and has not been, any repudiation of the Cawse Expansion Agreement by Anaconda, and Anaconda will continue to fully satisfy its obligations under the Cawse Expansion Agreement.

The action taken by CTR today in attempting to unilaterally terminate the Cawse Expansion Agreement is unjustified and cannot be substantiated. Anaconda has informed CTR that the Cawse Expansion Agreement remains binding on both CTR and Anaconda and all rights including, if necessary, initiating legal proceedings for misrepresentation, defamation and (if required) seeking injunctive relief are reserved.

ANGLOGOLD (12 DECEMBER 2000)

N F Oppenheimer, while remaining a director of the board, has stepped down as Chairman.
R M Godsell has been appointed Chairman and in addition, will retain his role of Chief Executive Officer.
R P Edey, a non-executive director, has been appointed as Deputy Chairman.

ARROW ENERGY (12 DECEMBER 2000)

Amberley No 1, spudded at 9.30am Sunday. As at 8.00 am Saturday, the well had reached a depth of 95 metres and was setting casing.

BLIGH OIL & MINERALS (12 DECEMBER 2000)

Bligh advised that it has successfully completed initial testing of the Rimu B-2 well, the third well drilled by the Company in the Rimu area in the onshore Taranaki Basin in New Zealand. During a forty-nine hour test period, the well flowed at rates up to 1,384 barrels per day of 46-degree API gravity crude oil and 9.4 million cubic feet of natural gas per day with no measurable water. Preliminary PVT analyses indicate a high liquids content in the gas, in the range of 30-50 barrels per million cubic feet, which would be incremental to the oil production. This rate was obtained on a (32/64) inch choke with flowing tubing pressure of 2,389 pounds per square inch (psia). The open hole test included sections of both the Upper Tariki sandstone and the Upper Rimu limestone from 11,221 feet (3,421 metres) to 11,647 feet (3,551 metres). Further testing to determine maximum sustainable flow rate and to confirm reservoir extent at both Rimu Limestone and Upper Tariki sandstone levels will be conducted once a 4(1/2)" production liner has been set. It was considered inadvisable to flow the well at higher rates in open hole.

CENTAUR MINING & EXPLORATION (12 DECEMBER 2000)

Centaur institutes proceedings against Anaconda Nickel Limited and foreshadows further proceedings.

DETAILS OF ANNOUNCEMENT
The Company announces that it has today issued proceedings in the Supreme Court of Victoria (in which Anaconda Nickel Limited is named as defendant) seeking:

A declaration that Anaconda Nickel Limited unlawfully repudiated the Preliminary Agreement for Cawse Expansion dated 1 November 1999;
A declaration that Centaur is not bound by the provisions of the Preliminary Agreement; and
Damages for repudiation of the Preliminary Agreement by Anaconda Nickel Limited.

CENTENNIAL COAL COMPANY (12 DECEMBER 2000)

Stephen Craig Jermyn became a substantial shareholder in Centennial Coal Company Limited on 08/12/2000 with a relevant interest in the issued share capital of 3,660,000 ordinary shares (9.11%).

ARROW ENERGY (12 DECEMBER 2000)

Amberley No 1, spudded at 9.30am Sunday. As at 8.00 am Saturday, the well had reached a depth of 95 metres and was setting casing.

DOMINION MINING (12 DECEMBER 2000)

With the recent acquisition of Resolute's 50% interest in the Gawler Joint Venture, Dominion Mining Limited intends to focus its efforts in Australia with the development of the Challenger gold project and advancement of its promising exploration areas in the south west Yilgarn region of Western Australia and the Gawler Craton in South Australia.

Dominion has entered into an agreement with a Canadian company, Orezone Resources Inc for Orezone to earn an interest in Dominion's Ghanaian properties. The agreement is subject to a condition precedent, namely satisfactory completion of Orezone's due diligence on the properties which must be completed by 31 January 2001. Up to that date Orezone can withdraw from the agreement without penalty.
Under the terms of the agreement, Orezone can earn a 50% interest by spending US$2,500,000 on the properties over a four year period with annual commitments of US$500,000 in the first year and a minimum of US$300,000 in subsequent years. A minimum of US$250,000 dollars must be spent before they can withdraw. Orezone will be responsible for expenditure from 1 January 2001.
If Orezone earns the initial 50% interest they have the option to acquire the remaining 50% by the issue to Dominion of fully paid ordinary shares, equivalent to 20-35% of the issued capital of Orezone.

FIMISTON RESOURCES & TECHNOLOGY (12 DECEMBER 2000)

The securities of Fimiston Resources & Technology Limited will be placed in pre open pending the release of an announcement by the Company.

GUTNICK RESOURCES (12 DECEMBER 2000)

High-grade gold intersections discovered at the Saxon Extended Gold Deposit.

DETAILS OF ANNOUNCEMENT
The following results have been received from the first three drillholes of a reverse circulation ("RC") drilling program in progress at the Company's Saxon Extended Gold Deposit:

HOLE # SECTION FROM (METRES) WIDTH (METRES) GRADE (G/T GOLD)*

PINC 59 19520N 136 60 5.3
Includes 168 20 10.3
PINC 60 19600N 40 4 20.0
68 8 11.8
PINC 61 19760N 8 16 3.7

* All results to date are four-metre composite samples. Drillhole results approximate true width of mineralisation intervals.

The Saxon Extended Gold Deposit is located 150 kilometres north east of Kalgoorlie and as at the 30 June 2000 total resources reported were 170,000 ounces at a grade of 4 grams per tonne ("g/t"). These current drilling results are very encouraging and should result in a significant upgrade of the current resource base at Saxon Extended.

The Company is encouraged by the success of its exploration and drilling at Saxon Extended and is continuing with another 20 RC holes planned to be completed before the end of December 2000. Given that the deposit remains open along strike and at depth continued exploration success could result in a major new gold discovery at Saxon Extended.

These results continue to demonstrate the prospectivity of the large land position of approximately 2,300 square kilometres secured by the Company in the Southern Laverton Tectonic Zone, which the Company has identified as extension of the Laverton Gold Province.

HOMESTAKE MINING (12 DECEMBER 2000)

Thomas J O'Neil joined its Board of Directors.

KINGSGATE CONSOLIDATED (12 DECEMBER 2000)

Ellaridge Pty Ltd ceased to be a substantial shareholder in Kingsgate Consolidated NL on 30/11/2000.

NEW HOLLAND MINING (12 DECEMBER 2000)

Federation Group Limited became a substantial shareholder in New Holland Mining Limited on 10/12/2000 with a relevant interest in the issued / share capital of 12,000,000 ordinary shares (7.47%).

SONS OF GWALIA (12 DECEMBER 2000)

Daily Share Buy-Back Notice - continued; the remaining number of shares to be bought back - 2,891,711.

TAP OIL (12 DECEMBER 2000)

Saratoga-1 exploration well spudded at 04:15 hours on Monday, 11 December 2000. As at 06.00 hours on 11 December 2000, the well has drilled ahead to 154 metres and will continue to drill ahead to the planned total depth of 2,093 metres measured depth which is expected to take 7 days.

BEACONSFIELD GOLD (11 DECEMBER 2000)

Beaconsfield Gold NL has placed 1.25 million fully paid ordinary shares at 40 cents each to a client of Bell Asset Management Limited, raising a total of $0.5 million.

The funds have been raised to further add to working capital for the company during the current commissioning phase of the Beaconsfield gold mine. The final upgrade of the bacterial oxidation circuit of the ore treatment plant to facilitate commercial production levels is well advanced and is on schedule to be completed in mid December 2000. Three of the four primary oxidation tanks have been modified to date and the new eight-stage blower has been commissioned.

For additional information, click here.

LAKES OIL (11 DECEMBER 2000)

TRIFON-1 DRILLING

Lakes Oil N.L. ("Lakes") wishes to announce that as at 6 am this morning the Trifon-1 well, located in PEP 157 in the onshore Gippsland Basin, was at a depth of 1005 metres and drilling ahead within the Latrobe Group.

The top of the Lakes Entrance Formation was intersected at 633 metres, and the top of the Latrobe Group at 689 metres. Circulation was lost at the top of the Latrobe Group section, believed to be associated with fracturing in the coal.

Circulation was quickly restored, and drilling resumed.

A strong gas show was encountered at the Top Latrobe Group level, but the source of the gas has not yet been determined. The full significance of this show will be evaluated after logging, with the option to test through pipe at a later date.

Trifon-1 is designed to test the potential of alluvial fans in the Strzelecki Formation, which lie below the traditional Latrobe Group reservoirs of the Gippsland Basin.

For more information on Trifon-1, including the latest photos, click here.

QUEENSLAND GAS (11 DECEMBER 2000)

THIRD COALBED METHANE WELL AVON DOWNS NO. 1 FLOWS GAS AND IS COMPLETED AS FUTURE POTENTIAL GAS PRODUCER

The Directors of Queensland Gas Company Limited (QGC) are pleased to announce that the third well in their five well Initial Drilling Programme, Avon Downs No 1 coalbed methane (CBM) well, encountered free gas in at least one coal seam of the Walloon Coal Measures while drilling in the interval 91 metres to 97 metres and flowed CBM gas to surface at a rate of 220,000 cubic feet per day (6,226 cubic metres per day) through a _ inch choke. Other coal seams intersected in the interval 51.5 metres to total depth of 168.9 metres were water filled and cumulatively produced approximately 980 barrels per day of water to the surface while air drilling.

The Managing Director of QGC Mr Norm Zillman said that in addition to the good CBM gas flow in Avon Downs No 1, the high water production rate from other seams was also very encouraging as it indicated very good permeability within those seams. Nett coal over the interval 51.5 metres to 168.9 metres totaled 20.3 metres. Mr Zillman said that once the water filled coal seams in the well were dewatered, significantly increased CBM gas flow rates could be anticipated.

Avon Downs No 1 is located approximately 50 kilometres northwest of QGC’s first well Wyalla No 1 which flowed CBM gas at a rate of approximately 75,000 cubic feet per day, and approximately 28 kilometres north of QGC’s second well Argyle No 1 which flowed CBM gas at a rate in excess of 1 Million cubic feet per day; all flows being from coal seams in the upper part of the Walloon Coal Measures. Mr Zillman said that the excellent results from the first three wells were extremely encouraging for the early commercial production of CBM from the Walloon Coal Measures within QGC’s Surat Basin areas.

Avon Downs No 1, is located approximately 32 kilometres west-northwest of the township of Chinchilla within part of Authority to Prospect 676-P in which QGC can earn a 50% interest in the Walloon Coal Measures. Wireline logs have been run and the well has now been completed as a future potential gas producer.

The Mitchell Drilling rig will now move to Pinelands No 1, the fourth well in QGC’s Initial Drilling Programme.

For additional information, click here.

ANGLO AUSTRALIAN RESOURCES (9 DECEMBER 2000)

The directors have resolved to issue up to 12,000,000 Ordinary Shares Fully Paid at an issue price of 2.2 cents per share.
The purpose of the issue is to raise funds for:

a) exploration and administrative creditors;
b) ongoing exploration commitments of the Company's projects;
c) general working capital; and
d) administration costs.

ARROW ENERGY (9 DECEMBER 2000)

Glamorgan # 2 reached a total depth of 200 metres on Friday 8 December 2000. There were no gas shows encountered. The operator BNG Operations Pty Ltd is preparing to run logs prior to plugging and abandoning the well.

The next well location is Amberley # 1 (formerly Normanton # 1) approximately 10 km to the south east of Glamorgan # 2. Amberley # 1 is prognosed to test shallow structures in the Marburg Formation at a depth of approximately 200 metres and believed to be updip of gas occurrences in a coal exploration hole nearby. A sample of the gas taken from the wellhead by BNG Operations Pty Ltd was analysed at approximately 78% methane. In addition, the well may test 2 seismic amplitude anomalies currently prognosed to be in the Ipswich Coal Measures at depths approximately 500 and 750 metres.
Amberley # 1 is scheduled to spud on Monday 11 December 2000 and take approximately 1 week to drill.

ASHTON MINING (9 DECEMBER 2000)

Messrs Ewen Tyler, Robert Rae and Bill Duchatel have resigned as Directors of Ashton Mining Limited.

The securities of Ashton will be suspended from quotation from the close of trading on Friday 8 December 2000 following the despatch of compulsory acquisition notices in respect of the takeover offer by Capricorn Diamonds Investments Pty Limited, a wholly owned subsidiary of Rio Tinto Limited.

BEMAX RESOURCES / ILUKA (9 DECEMBER 2000)

Iluka Resources Limited has confirmed that its bid at the price of $0.24 for each ordinary fully paid share in BeMaX Resources NL will end at 5:00pm, Perth time, on Monday 11 December 2000.
The offer remains conditional upon, amongst other matters, the acceptance by 50.1% (by number) of the holders of BeMaX shares.

CENTAUR MINING & EXPLORATION (9 DECEMBER 2000)

The Company advises that its obligations under the Preliminary Agreement for Cawse Expansion with Anaconda Nickel Limited ("Anaconda") have terminated on the basis of a repudiation by Anaconda of its obligations under the Preliminary Agreement for Cawse Expansion.
The Company has advised Anaconda of this election to treat the Preliminary Agreement as at an end and will be seeking damages for any losses suffered by Centaur as a result of Anaconda's unlawful repudiation.

CENTENNIAL COAL COMPANY (9 DECEMBER 2000)

The Company has today completed the purchase of the entire economic interest of GC Springvale Pty Ltd which owns 50% of the Springvale Mine near Lithgow.
Centennial is paying a total of US$36 million with the effective date of acquisition being 1 January 2000. The majority of the funds were paid today with a second instalment due in six months time.

CUE ENERGY RESOURCES (9 DECEMBER 2000)

Cue announced the appointment of Mr Andrew Melville Knox as a Director of the Company.

Three shareholders in Cue, Browse Petroleum Pty Limited, Todd Petroleum Mining Company Limited and Anzoil NL have each agreed that they wish to requisition a shareholders' meeting for the purposes of considering and, if thought fit, passing a number of resolutions.

CULLEN RESOURCES (9 DECEMBER 2000)

Cullen Resources Limited ("Cullen") has today undertaken a placement of 20 million new Ordinary Shares to clients of State One Equities Pty Ltd. The issue price of the placement was 1.8 cents per share, raising a total of $360,000 (before expenses) for the Company which will be used to supplement existing working capital.

Funds will be directed to further advancement of Cullen's Ashburton and Gunbarrel projects, on going project generation and the assessment of acquisition opportunities. For further information, click here.

EAST COAST MINERALS (9 DECEMBER 2000)

A reverse circulation surface drilling programme was completed at the Elizabeth Hill Project. The main area of interest adjacent to the Munni Munni fault, 40 holes were drilled at intervals 7-(1/2) metres. They were drilled in a westerly direction at a dip off -60deg, and were designed to be collared in the ultramafic and drilled through the ultramafic into the western & eastern granite.
Hole EC106 was drilled at an azimuth of 360deg and was designed to test possible mineralisation associated with an east-west fault at 7780N.
Holes EC102, EC103 and EC104 were drilled approximately 100 metres to the east of the Munni Munni fault and were designed to test a parallel fault (the Magazine fault) known to be mineralised at the surface.

DRILLING RESULTS
The drilling programme confirmed the presence of shallow silver mineralisation encountered in previous drilling north of the section 7775N and clarified the geological structure associated with the mineralisation.
An east-west fault, with a north block up displacement of approximately 50 metres, elevates the intersection of the basal contact with the Munni Munni fault from RL225 at 7775N to RL470 at 7785N.

Mineralisation associated with the intersection of the basal contact and the Munni Munni fault was encountered in holes drilled on sections 7775N, 7780N, 7785N, 7790N, 7795N and 7800N. Drill hole EC106, drilled at an azimuth of 360deg, intersected mineralisation on the east-west fault at approximately 7780N.
Drilling to the south of 7775N failed to verify high grade intersections in drill holes EC47 and EC49 drilled previously.
Drill holes EC102, EC103, and EC104, drilled to test the Magazine fault 100 metres to the east of the Munni Munni fault, failed to intersect significant mineralisation.

PRELIMINARY RESOURCE CALCULATION
A formal resource calculation has not yet been undertaken.
A preliminary manual calculation based on cross sectional areas gives an estimated figure of 5100 tonne at a grade of 810ppm Ag to a depth of 30 metres using a 200ppm Ag cut off grade.

EMPIRE OIL & GAS (9 DECEMBER 2000)

A General Meeting of Shareholders of Empire Oil & Gas NL is to be held on Friday, 12 January 2001 at 10.00am in the offices of Empire Oil & Gas NL, 9 O'Beirne Street, Claremont.
The Resolution is seeking shareholder approval to an issue of 30 million shares and 15 million options to raise working capital in the Company.
The Company will offer shares to all holders of Empire Oil & Gas NL Ordinary Shares in priority to anyone else.

HALLMARK CONSOLIDATED (9 DECEMBER 2000)

J W Barr increased her relevant interest in Hallmark Consolidated Limited on 08/12/2000, from 3,718,167 ordinary shares (6.7%) to 4,204,067 ordinary shares (7.65%).

JUBILEE MINES (9 DECEMBER 2000)

Forrestania Gold NL ceased to be a substantial shareholder in Jubilee Mines NL on 06/12/2000.

KIMBERLEY OIL (9 DECEMBER 2000)

Kimberley Oil NL (KBO) has entered into an agreement with Otto Oil Pty Ltd to acquire the rights to apply for the Canning Basin Oil Application Areas 5/97-8 and 6/97-8.
The Application Areas are adjacent to KBO's EP391 prospect (which is 100% owned by KBO) and are to the north and north east respectively.

Under the agreement KBO will:

Pay $5,000 cash on signing for a 30 day exclusive rights period in which to undertake due diligence.
Upon satisfactory progress of the initial 30 day due diligence, KBO will pay $20,000 and issue 250,000 ordinary shares for a 12 month exclusive right to progress the opportunity, including carrying out native title negotiations as Otto Oil Pty Ltd's agent.
Subject to certain other conditions, KBO may extend the exclusion right period, progress the spudding of Yulleroo 2, progress to converting the Application Areas into Exploration Permits and having those Exploration Permits transferred into KBO's name, for a combination of cash and KBO shares in varying amounts and quantities depending upon the particular circumstances and the outcomes of the Yulleroo 2 drilling program.

KBO is currently preparing a formal agreement to document the agreement. A further more detailed announcement will be made on signing of the formal agreement.

MURCHISON UNITED (9 DECEMBER 2000)

Mr David Hutchins has been appointed as a Non-Executive Director of the Company.

NOVUS PETROLEUM (9 DECEMBER 2000)

Novus announced the start up of the West Natuna Gas Scheme and West Natuna Transportation System (WNTS), ahead of schedule and within budget.
The project commenced service on 3 December 2000 and the first export of gas from the Kakap Production Sharing Contract fields in the West Natuna Sea into the WNTS pipeline took place on 6 December.

PETROZ (9 DECEMBER 2000)

Phillips Petroleum Company (Phillips) and Petroz N.L. (Petroz) are pleased to announce that Phillips Australia WA-248 Company Pty Ltd (Phillips Australia), a wholly owned subsidiary of Phillips, will make a recommended cash bid for Petroz.

The bid will be made at A$0.70 per share and values Petroz at A$158.4 million.

The Phillips Australia offer:

is at a 25% premium to the Eni/Agip offer of A$0.56 per share;
is at a 119% premium to the closing Petroz share price on 18 July 2000, the day prior to Petroz announcing its recapitalisation proposal; and
provides full value to Petroz shareholders based on the value range of A$0.58 to A$0.74 attributed to Petroz shares by Grant Samuel & Associates in their report of 3 November 2000.

The Directors of Petroz will unanimously recommend that shareholders accept the Phillips Australia offer, in the absence of a higher offer.

PLENTY RIVER CORPORATION (9 DECEMBER 2000)

Heads of agreement have been executed between the company and Helm Dungemittel GMBH of Germany for the offtake of product from Plenty River's ammonia/urea plant which is to be located on the Burrup Peninsula of Western Australia.
Under this agreement, Helm will purchase as principal up to 760,000 tonnes of granular urea and 190,000 tonnes of anhydrous ammonia per annum.

TAIPAN RESOURCES / TROY RESOURCES (9 DECEMBER 2000)

The Supreme Court of Western Australia ruled against Troy Resources NL and others in relation to preliminary arguments raised by them in opposition to the proposed merger between Taipan and St Barbara Mines Limited.

TANAMI GOLD (9 DECEMBER 2000)

Glengarry Resources NL became a substantial shareholder in Tanami Gold NL on 08/12/2000 with a relevant interest in the issued share capital of 16,000,000 ordinary shares (11.87%).

Gutnick Resources NL ceased to be a substantial shareholder in Tanami Gold NL on 04/12/2000.

WMC (9 DECEMBER 2000)

WMC announced organisational changes that will build on the quality asset base, cost reduction and earnings growth achievements of recent years. Those changes will reduce the number of Executive General Managers, focus commodity Executive General Managers on operational improvement, and further group service functions to reduce duplication and significantly reduce costs.
Chief Executive Officer Hugh Morgan said that the changes resulted from a review of the Company's recent achievements, current cross-Company initiatives and future opportunities.
"Our focus is to seek maximum efficiency and returns," he said. "At the same time we are driving for significant achievements through continuous improvement to increase returns."

LAKES OIL (8 DECEMBER 2000)

TRIFON-1 DRILLING

Lakes Oil N.L. ("Lakes") wishes to announce that as at 6 am this morning the Trifon-1 well, located in PEP 157 in the onshore Gippsland Basin, was at a depth of 261 metres, and installing blow-out preventers, prior to drilling ahead. Drilling is expected to resume this afternoon.

Trifon-1 is designed to test the potential of alluvial fans in the Strzelecki Formation, which lie below the traditional Latrobe Group reservoirs of the Gippsland Basin.

Lakes Oil N.L. via its wholly-owned subsidiary Petro Tech Pty. Ltd. holds a 100% interest in the permit, subject to a 5% royalty over the permit held by Roma Petroleum.

For more information on Trifon-1, including the latest photos, click here.

AKD LIMITED (8 DECEMBER 2000)

Rio Tinto, on behalf of the participants of the Ashton Exploration Joint Venture, has withdrawn from the Company's Seppelt Range diamond project located in the Northern Kimberley region of Western Australia.
The withdrawal follows two years of detailed exploration by Rio Tinto for diamonds without success.

ARROW ENERGY (8 DECEMBER 2000)

Arrow has entered into an agreement with SEQ0il Pty Ltd and Falcon Resources Pty Ltd to earn a 50.5% interest in part of ATP 676P in an area covering highly prospective coal bed methane acreage over the Walloon Coal Measures near Chinchilla in South East Queensland
The agreement on the Chinchilla Project Area provides Arrow with the opportunity to significantly expand its Walloon Coal Bed Methane exploration areas which also include Arrow's 100% owned Eastern Surat Basin project over the Cecil Plains area.(ATP 683P). Arrow's 1,665km²Chinchilla Project Area lies immediately north east of and updip from the Queensland Gas Corporation Ltd ('Queensland Gas') farmin area, also on ATP 676P, where Queensland Gas is earning a 50% interest from SEQoil and Falcon. A recent well Wyalla #1, drilled by Queensland Gas in that area flowed at 75,000 cubic feet of gas per day.

ASHTON MINING (8 DECEMBER 2000)

Capricorn Diamaond Investments Pty Ltd increased its relevant interest in Ashton Mining Limited on 06/12/2000, from 308,411,843 ordinary shares (94.99%) to 312,021,368 ordinary shares (96.10%).

AUSTRALIAN PLATINUM MINES (8 DECEMBER 2000)

Australian Platinum Mines announced that Tomorrow Limited (Tomorrow) (ASX: MEM) will take an interest of approximately 51% (on a fully diluted basis) in the company.
Commenting on the announcement, Australian Platinum Chairman Alan Doyle said, "Today marks Australian Platinum's move into the next phase of its development. We welcome this transaction and look forward to working with Tomorrow to explore new horizons and create value for Australian Platinum shareholders."

CONQUEST MINING (8 DECEMBER 2000)

Danny Chan became a substantial shareholder in Conquest Mining NL on 05/12/2000 with a relevant interest in the issued share capital of 9,167,223 ordinary shares (12.709%).

CONTACT ENERGY (8 DECEMBER 2000)

Daily Share Buy-Back Notice - continued.

COPPER MINES AND METALS (8 DECEMBER 2000)

Mr Leon Reisgys has been appointed Managing Director of CMML. Following the resignation of Mr Prentice, the appointment of Mr Reisgys and Mr Johnston in recent days affirms the Board's resolve to present to shareholders a new and highly skilled team.

DANAE RESOURCES (8 DECEMBER 2000)

Mr John Bovard has accepted an invitation to join the Board of the Company as a non-executive director, effective as of today's date.

FIRST AUSTRALIAN RESOURCES (8 DECEMBER 2000)

TERRY EWING NO 1 WELL
The Hosston Yellow Sand intervals between 9,896 to 9,906 feet and 9,920 to 9,940 feet have been perforated and opened to the pit with gas flaring up to 25 feet. The well was then shut-in and tested with various choke and back pressure combinations. The well is presently shut-in for further pressure build up tests.
Early indications are that the well has suffered skin damage most likely caused by drilling fluid (skin damage causes an excess pressure drop around the wellbore and reduces formation flow into the wellbore). The Hosston Sands may require stimulation in the form of acidisation or fracture treatment to achieve commercial production rates.

FLETCHER CHALLENGE (8 DECEMBER 2000)

Drilling & Production Testing Report

Tuihu-1

Drilled 12 1/4' hole to 3754m in Taimana and Tikorangi Formation.
Low level gas and oil shows detected through the Tikorangi Formation.
Ran wireline logs.
Planned operation: Run 9 5/8" casing and drill ahead in 8 1/2" hole to primary objective in the Tariki Sandstone Formation.

CSJ.RN.PC.x-1 (Puesto Carrelini)

Spudded on 23rd November 2000.
Drilling ahead at 2006m.

6A2-26-40-1 W4M

Spud: 23 Nov 00
Cased for Glauconite Oil
Rig Released: 29 Nov 00

A8-10-48-24 W3M

Spud: 30 Nov 00
Cased for Waseca Oil
Rig Released: 03 Dec 00

6-26-39-24 W3M

Spud: 02 Dec 00
Cased for Lloydminster Oil
Rig Released: 04 Dec 00

9-16-47-25 W3M

Spud: 05 Dec 00
Run surface casing

14-32-62-7 W4M

Spud: 05 Dec 00
Run surface casing

GIRALIA RESOURCES (8 DECEMBER 2000)

James Bremmer Skinner and Janice Ivy Skinner ceased to be a substantial shareholder in Giralia Resources NL on 10/11/2000.

GREENSTONE RESOURCES (8 DECEMBER 2000)

James B Skinner and Janice I Skinner and Topspeed Pty Ltd and associates increased their relevant interest in Greenstone Resources NL on 24/11/2000, from 11,983,946 ordinary shares (15.34%) to 15,683,744 ordinary shares (17.72%).

Mark Kennard Connell increased his relevant interest in Greenstone Resources NL on 08/11/2000, from 4,300,000 ordinary shares (5.05%) to 5,500,000 ordinary shares (6.21%).

HELIX RESOURCES (8 DECEMBER 2000)

Helix is unable to offer any explanation for the recent price change in the securities other than information contained in the Company's Special Release to the Australian Stock Exchange on the 20 October 2000 regarding the Munni Munni platinum and palladium project. Since making that release, the respective prices of platinum and palladinum have strengthened to a high of US$629 and US$894 respectively (the majority of that increase occuring in the last two days). In addition, the process for statutory and Ministerial approval referred to in our earlier release has continued and the Company anticipates final granting of 100% title to Helix shortly.

MAJESTIC RESOURCES (8 DECEMBER 2000)

Majestic Resources NL has clinched a lucrative marketing agreement to buy and sell diamonds from six concessions in the Central African Republic ("CAR").
The agreement is a 50 / 50 joint venture with the Central African Diamond Company, who currently hold a Government licence and rights to the concessions.
Majestic stands to make a profit of A$8 million to A$12 million a year from the venture through the acquisition of Diamond Traders Ltd ("the Company"), which will be funded by a scrip offer.
Under the agreement, Majestic has the right to purchase diamonds from the six concessions that have been mined since 1978 in the CAR and market them through its Antwerp connections.

OIL COMPANY OF AUSTRALIA (8 DECEMBER 2000)

Kenmore No 26 an oil development well situated approximately 240 metres North-West of Kenmore no 9, Latitude 26 deg 39 min 52.30 sec South, Longitude 143 deg 26 min 19.79 sec East. The well was spudded at 18:00 hours on December 03, 2000. At 06:00 hours today the rig was at a depth of 1210 metres RT and drilling ahead. 245MM surface casing was set at 172.4 metres RT. Progress for the week was 1210 metres.
The primary targets of the well are the sands of the Birkhead Formation, Hutton Sandstone and the Basal Jurassic. Proposed total depth of the well if 1582 metres RT.

ORIGIN ENERGY (8 DECEMBER 2000)

Under the terms of its Constitution, Origin Energy Limited will shortly commence a process whereby unmarketable parcels held by registered shareholders will be sold, at no cost to them, unless they notify the company that they do not want to sell their holding.
This sale process will only apply to registered shareholders of unmarketable parcels, defined under the ASX business rules as less than A$500 worth of shares. The process is expected to commence from a record date in early February 2001. Further details of the process will be advised to holders of unmarketable parcels of shares at that time.

PETROZ (8 DECEMBER 2000)

On 6 December 2000 Novus Petroleum Limited's offer to shareholders of Petroz to acquire all of their shares in Petroz on the basis of 1 Novus share for every 3.75 Petroz shares, expired.
Petroz shareholders who have accepted the Novus offer are no longer bound by their acceptances and are free to accept any other new offer that has been made by a third party to acquire Petroz shares.

SANTOS (8 DECEMBER 2000)

Maple Brown Abbott Ltd decreased its relevant interest in Santos Limited on 01/12/2000, from 63,077,360 ordinary shares (10.41%) to 56,878,652 ordinary shares (9.35%).

Weekly Drilling Summary

Papua New Guinea
SE Gobe 9 ST1 - Running in hole with casing scraper. SE Gobe 9 ST 1 has been cased prior to completion as a Jurassic oil producer. The sidetrack well reached a total measured depth of 2652m, with 38m for the week. As previously reported, the well was sidetracked to intersect the oil bearing Iagifu Sandstone at an optimum production location.

USA
Wilkinson #1 - Wilkinson 1 has been plugged and abandoned. The well reached a total measured depth of 3455m, with no progress for the week. The well was unable to drill ahead due to deteriorating hole conditions.

Runnells #3 - Runnells 3 has been production tested at 623,000 cubic meters (22 million cubic feet) of natural gas per day and 78.5 cubic meters (494 barrels) of condensate per day from a 9.5m interval below 4267m. The test was conducted through an 8.33mm choke. The well reached a total depth of 4421m.

QUEENSLAND
Ramses 1 - Preparing to run production casing. The well reached a total depth of 2991m with 106m progress for the week. A drill stem test of the Permian Patchawarra Formation over the interval 2895m-2901m, flowed gas to surface at a rate of 9374 cubic meters per day (0.33 mmcfd) through a 13mm surface choke.

Winninia North 2 - Pulling out of hole with test tools. The well reached a total depth of 2447m, with 165m progress for the week. A drill stem test of the Permian Patchawarra Formation over the interval 2373m-2413m flowed gas to surface at a rate of 34834 cubic meters per day (1.23 mmcfd) through a 13mm surface choke.

Barrolka 5 DW1/ST1 - Conditioning hole to run intermediate casing. Current measured depth in the side-track is 2719m, with 137m progress for the week. Barrolka 5DW1 reached a depth of 2762m. Mechanical difficulties required the well to be plugged back and sidetracked. A kick off plug was set at 2502m.

Kenmore 26 - Drilling ahead. The current depth and progress for the week is 1210m. The well was spudded on 03/12/00.

SOUTH AUSTRALIA
Raven 2 DW1 - Drilling ahead sidetracked hole. The current measured depth is 2529m with 284m progress for the week. Raven 2 reached a total depth of 2999m. A cement kick off plug was set at 2210m.

Milluna 3 - Conducting formation integrity test, preparing to drill ahead. The current depth and progress for the week is 759m. Milluna 3 spudded on 03/12/00.

Moomba 126 - Drilling ahead. The current depth is 2175m with 1925m progress for the week. The well spudded on 30/11/00.

Moomba 134 - Running in hole on wiper trip, prior to conducting an on penetration drill stem test of the Permian Epsilon Formation. Current depth is 2777m, with 560m progress for the week.

WESTERN AREAS (8 DECEMBER 2000)

PLUMRIDGE PROJECT (WSA 100%)
Western Areas has applied for three new Exploration Licences at the Plumridge Project located 400km northeast of Kalgoorlie. These tenements extend 25km south from the company's existing tenements and were until recently held by Gutnick Resources. Western Areas now holds contiguous granted tenements and tenement applications covering the central 65km strike length of the Plumridge intrusive complex. This is interpreted to be highly prospective for nickel and coppersulphides, platinum group metals and chromite. Most of the known chromite and platinum occurrences (including surface assays up to 34% chromium and 4.0g/t platinum) reported by previous explorers in the region are now included within Western Area's tenements.
Previous exploration in the Plumridge region is minimal. It includes trenches dug to expose ultramafic units and chromite seams, widely spaced traverses of shallow drillholes and airborne magnetic and EM surveys.

LAKES OIL (7 DECEMBER 2000)

TRIFON-1 DRILLING

Lakes Oil N.L. ("Lakes") wishes to announce that as at 6 am this morning the Trifon-1 well, located in PEP 157 in the onshore Gippsland Basin, was at a depth of 261 metres, and waiting on cement. 340 mm of surface casing was set at 261 metres.

The well commenced drilling at 1.30 pm Tuesday, December 5. The scheduled Monday commencement had been delayed whilst problems associated with the rig were rectified. Trifon-1 is designed to test the potential of alluvial fans in the Strzelecki Formation, which lie below the traditional Latrobe Group reservoirs of the Gippsland Basin.

Lakes Oil N.L. via its wholly-owned subsidiary Petro Tech Pty. Ltd. holds a 100% interest in the permit, subject to a 5% royalty over the permit held by Roma Petroleum.

For more information on Trifon-1, including the latest photos, click here.

ADMIRALTY RESOURCES (7 DECEMBER 2000)

Bell Morgan Securities have agreed, on a best endeavours basis, to cause a placement of up to 45,450,000 fully paid ordinary shares in the Company.
It is intended to issue each share at a price of two point two cents ($0.022). A placement fee of 4.5% plus a management fee of 1.5% will be payable, but on the basis that at least $999,900 will be placed by BMS.
Proceeds from the placement will be used to advance the company's exploration projects in Argentina.

ALCASTON MINING (7 DECEMBER 2000)

Alcaston has completed its preliminary drilling program at Hiles Lagoon in South Australia.
Initial evaluation indicates that the target feature is not a kimberlite body - the nature of the feature remains uncertain at this stage.
Further testing and a detailed evaluation of the results will now be undertaken.

ARROW ENERGY (7 DECEMBER 2000)

Arrow Energy wishes to advise that at 0800 hours today 6 December 2000 Glamorgan # 2 was at a depth of 20 metres and setting surface casing.
Glamorgan # 2 is being drilled to a targeted depth of 200 metres to test a prognosed gas bearing sand in the Jurassic Marburg Formation.

CIM RESOURCES (7 DECEMBER 2000)

Further to information contained in the Prospectus, and due to the level of shortfall in respect of the Right Issue, it has been necessary for the Company to recommence discussions with its Bankers regarding the potential technical breach of the covenants under the terms of its financial facilities.
The Financiers have agreed to waive the financial covenant breaches until 23 January 2001.

CONQUEST MINING (7 DECEMBER 2000)

Conquest Mining has engaged Intersuisse Ltd to place 5,400,000 ordinary shares at $0.11 per share and 5,400,000 attaching options through its client base on a "best endeavours basis".
The funds raised are to be used for general working capital.

CONTACT ENERGY (7 DECEMBER 2000)

Daily Share Buy-Back Notice - continued.

GOLDFIELDS / THIRD RAIL LIMITED (7 DECEMBER 2000)

Third Rail Limited announced the sale of its Golden Cities and Kunanalling gold projects (Projects) to Goldfields Limited for a total consideration estimated at A$12.5 million.
Golden Cities is an advanced development project. Past exploration expenditure at Golden Cities exceeds $11 million and has resulted in the discovery of resources estimated by Third Rail to be 741,000 ounces in six separate deposits including Havana / Suva.
Goldfields will assume the 60,000 ounce call option contract between Third Rail and N M Rothschild & Sons (Australia) Limited which is currently approximately A$4.6 million out of the money.

HAMPTON HILL MINING (7 DECEMBER 2000)

PROSPECTUS - For a renounceable one for five pro rata issue of new fully paid ordinary shares at an issue price of 7.5 cents per share.

KIMBERLEY DIAMOND COMPANY (7 DECEMBER 2000)

KIM is poised to launch an intensive lamproite exploration program after the latest results from its Blina Diamond Project indicated a likely source area for the diamonds on a small tributary to the north of its rich Terrace 5 gravels.
KIM announced the exciting news after receiving the results of two bulk samples from Pits 72 and 73, located at the upstream extent of the Terrace 5 gravels, which provide strong evidence that it had already passed the source of the diamonds.
Pit 72 returned 3 diamonds weighing 0.63 carats from a 160-tonne bulk sample with a largest diamond of 0.3 carats, while Pit 73 contained a single stone weighing 0.16 carats. These pits are located respectively 1 kilometre and 0.5 kilometre upstream of Pit 61, where Kimberley recovered 46 diamonds weighing 21.6 carats in September.

PETROZ (7 DECEMBER 2000)

Agip Energy (Australia)Pty Ltd increased its relevant interest in Petroz NL on 05/12/2000, from 31,110,804 ordinary shares (13.75%) to 32,502,449 ordinary shares (14.36%).

RESOURCE EXPLORATION (7 DECEMBER 2000)

Resource Exploration Ltd has received approval from the Australian Securities and Investment Commission to change its name to Futurexone Ltd effective 1 December 2000.

SUMMIT RESOURCES (7 DECEMBER 2000)

Summit Resources Limited gives notice that by resolution of its Directors it has changed its name from Summit Resources NL to Summit Resources Limited.

SYDNEY GAS COMPANY (7 DECEMBER 2000)

Logan Brae # 10 was spudded at 3:00 pm Tuesday. This is the fourth well in the current drilling programme in the Johndilo Pilot Project bringing the total wells to date to 21. Total target depth for Logan Brae # 10 is 840 metres to below the base of the Tongarra coal seam. Five main coal seams are expected in the Illawarra coal measures, namely Bulli, Wongawilli, Hargreaves, American Creek and Tongarra.

TANAMI GOLD (7 DECEMBER 2000)

LARRANGANNI PROJECT
(Tanami Gold NL 92.5%; Glengarry Resources NL a 7.5% free carried interest; and Joint Ventured to Homestake Gold of Australia Limited as announced on 4 December 2000)

Tanami Gold NL recently completed two RC Percussion drill holes at the Sandpiper Prospect and both have returned encouraging results including 8 metres at 4.4 g/t Au, 20 metres at .22 g/t Au and 8 metres at 3.9 g/t Au. Importantly, the results demonstrate the significant potential to add to the existing resources at Larranganni (186,000 ounces) through further drill testing along strike and at depth.

WHITTLE TECHNOLOGY (7 DECEMBER 2000)

Whittle has taken a key step in the commercialisation of its professional services division by signing a consulting contract with BHP Iron Ore to provide strategic mine planning services at the company's iron ore operations in the Pilbara region of Western Australia.

ZEOLITE AUSTRALIA (7 DECEMBER 2000)

Zeolite Australia has successfully concluded arrangements to supply the ZELflocc technology to the remaining 50% of Brisbane Water's Oxley Creek wastewater treatment plant.

ALCASTON MINING (5 DECEMBER 2000)

All resolutions at the Annual General Meeting on 4 December 2000 were approved.

AUSTRALIAN WORLDWIDE EXPLORATION (5 DECEMBER 2000)

As at 2000 hours on 4 December, the Puesto Carrelini-1 well in CNQ-16/A in the Neuquen Basin, Argentina, was drilling ahead at 1687m. Progress for the week was 1048m.
The well is planned to be drilled to a total depth of 2400 meters, with the primary targets expected between 2000m and total depth.

BEACH PETROLEUM / MAGELLAN PETROLRUM (5 DECEMBER 2000)

An in principle agreement on major issues, subject only to final acceptance by the South Australian Government, has been reached with Native Title Claimants over its Cooper Basin acreage blocks C098-G, C098-I and C098-J.
Such agreement, when executed, will enable the South Australian Government to issue Petroleum Exploration Licences over the areas covered by C098-G, C098-I and C098-J with drilling planned to commence in the second quarter of 2001.

BLIGH OIL & MINERALS (5 DECEMBER 2000)

NEW ZEALAND - PEP38719, TARANAKI BASIN, BLIGH INTEREST: 5.00%
Testing operations are under way on the Rimu B-2 well. A 130 metre section of open hole below a depth of 3421 metres is being evaluated. This section includes a 5-10 metre edge development of the Upper Tariki sands, and the Rimu limestone, both of which yielded sample and gas shows. Significant lost circulation occurred in the Rimu limestone, as a result of which at least 1000 barrels of drilling mud were lost to the zone. The well is currently flowing oil, gas and slugs of drilling fluid at high pressures on restricted chokes sizes while well cleanup is under way. Once cleanup is complete, a four-point test and build-up will be conducted to determine gas/oil ratio, flow potential and to investigate reservoir extent. This process will take another 3-5 days. Test results will be released immediately upon completion of testing. The initial results of the testing are considered to be encouraging, but must still be treated with caution.

At bottom hole, the Rimu B-2 well is only 290 metres north of the Rimu B-1 and 2100 metres south of the Rimu A-1. Initial evidence appears to suggest that the Rimu B-2 well is running less than 10 metres low to the Rimu B-1, and is testing a similar structural position and fault block. Clearly, relative to the B-1 well, it has encountered a marginally improved reservoir development in the Upper Tariki sand, and a substantially improved reservoir in the Rimu limestone. The areal extent of this reservoir can only be demonstrated by production testing and pressure analysis, and no conclusions can be reached as to its commercial potential at this time. Nevertheless, the results of the B-2 well to date have confirmed the immense potential of the Kauri-Rimu-Tuihi trend, in terms of the presence of hydrocarbons, and the presence of a multi-zone accumulation on the Rimu-Kauri structure.
Following the completion of drilling and testing of the Rimu B-2 well, the decision has been made to move the rig back to the "A" pad for the drilling of the A-2 development well. This will probably be followed by the drilling of the Kauri exploratory test, four kilometres to the south, on the same regional structure.

The Tuihu exploration well is at a depth of 3754 metres. Logs have been run and preparations are being made to run 9(5/8)" intermediate casing before drilling ahead to the Tariki primary objective at approximately 4300 metres. Minor hydrocarbon shows were encountered in the Tikorangi limestone, although these are thought to be non-commercial. The well appears to be running within 50 metres of pre-drilling geological prognosis.
Tuihu #1 is being drilled to evaluate the Tariki sandstones, on a structure with approximately 30 square kilometres of closure. Depending upon the results encountered in the Tariki formation, the well may be deepened to test the Kapuni formation.

NEW ZEALAND - PEP38728, TARANAKI BASIN, BLIGH INTEREST: 40.00%
Line surveying and shot hole drilling operations on the Tangahoe seismic survey are continuing. Recording is expected to commence in mid December.

PAPUA NEW GUINEA - PPL206, BOSAVI, FORELAND/DARAI PLATEAU. BLIGH INTEREST: 50.00%
The first phase of data acquistion of the Okari survey has been completed, and the first line is currently being processed. Initial indications are that a potentially drillable structure appears to be present, although this is subject to further processing and interpretation.

UNITED STATES - BAYOU CHOCTAW PROJECT, IBERVILLE PARISH, LOUISIANA. BLIGH INTEREST: 100%
Bligh intends to effect a sidetrack of the Lear Schwing #1 wellbore, by milling a window in the 7" casing at approximately 9200 feet, and redrilling the well to a depth of approximately 12,000 feet. Depending upon rig availability, this operation should be conducted prior to year end.

The Lear Schwing #1 has 10 feet of proven gas pay, at a depth of 11,816 feet. It is believed that this zone was prematurely abandoned, and that remaining reserves of approximately 1.5 billion cubic feed of gas are present. The proposal has been made to sidetrack the well, to a point 750 feet northeast, to place this zone on a production as a source of early cash flow, and to test for the presence of Bol Mex oil. It is anticipated that at the proposed bottom-hole location, both the 11,800 foot zone and the Bol Mex will lie 30-50 feet high to the Lear Schwing #1. Bligh believes that the 11,800 foot zone alone, has the potential to yield Bligh approximately $2 million per year net cash flow, after royalties and operating costs. Re-completion of this well will be the first step towards the re-establishment of Bligh's cash flow, one of the primary reasons for the Company's involvement in the Bayou Choctaw project. Alternative strategies are being considered for the testing of the multiple deep plays which are present on the Schwing prospect area.

CARNARVON PETROLEUM (5 DECEMBER 2000)

Stuart Hohnen has resigned as a Director of Carnarvon Petroleum NL and its subsidiaries

CHARTERS TOWERS GOLD MINES (5 DECEMBER 2000)

Charters Towers Gold Mines one for one rights issue has closed fully subscribed.
Moneys received from the exercise of Options will be used to progressively acquire 132,000,000 shares under the Buy-Back agreement. The shares bought back will be cancelled.

CONTACT ENERGY (5 DECEMBER 2000)

Daily Share Buy-Back Notice - continued.

EQUATORIAL MINING (5 DECEMBER 2000)

AMP Life Limited has agreed to make funding amounting to US$5 million available to Equatorial by means of a subordinated corporate debt facility. Equatorial has drawn down US$3 million under the facility and it is envisaged that the remaining US$2 million will be drawn down by 22 December 2000. The purpose of the funding is to meet capital and working capital requirements for the Tonopah and El Tesoro Projects, as well as general corporate commitments and contingencies.

GOLDEN TRIANGLE RESOURCES (5 DECEMBER 2000)

Emmanuel Althaus changed his relevant interest in Golden Triangle Resources NL on 23/11/2000, from 14,000,005 ordinary shares (23.19%) to 15,000,005 ordinary shares (18.66%).
NOTE: Dilution in percentage holding due to expanded capital following a placement.

HAMPTON HILL MINING (5 DECEMBER 2000)

Hampton Hill Mining NL has announced a pro-rata issue of ordinary fully paid shares (1 for 5 @ 7 cents).

LAKES OIL (5 DECEMBER 2000)

The Board of Directors of the Company is pleased to announce the appointment of Mr Peter Begg Lawrence as a Director of Lakes Oil NL, with effect from 4 December 2000.

For more information on Lakes, click here.

MURRAY BASIN MINERALS (5 DECEMBER 2000)

At a general meeting of shareholders held on Monday 4 December 2000, shareholders of Murray Basin Minerals NL's (soon to be renamed Southern Titanium NL, the "Company") approved the Company's proposed selective return of capital.
The selective return of capital will be effected by way of an in specie distribution of between 5,150,000 (approximately) ordinary shares and 5,400,000 ordinary shares in Quaestus Limited ("Quaestus"). The record date for the selective return of capital is Friday 29 December 2000.

OXIANA RESOURCES (5 DECEMBER 2000)

Oxiana Resources is on track with the Sepon Project Bankable Feasibility Study (BFS) and has further drilling and metallurgical results to hand. Sepon is a copper-gold resource in southern Laos owned 80% by Oxiana and 20% by Rio Tinto and contains approximately 1 mt copper and 3.5m oz gold.

METALLURGY
Preliminary carbon-in-leach (CIL) testwork has been completed on drill core samples from all five gold resources - Nalou, Discovery, Namkok, Discovery West and Khanong Laterite (which overlies the Khanong copper deposit).
The gold resources contain oxidised, partially oxidised and primary mineralisation. The focus of the testwork for the gold BFS will be on the oxidised and partially oxidised material.
The preliminary results confirm the Rio Tinto testwork and are indicative of excellent metallurgical recoveries from the Sepon gold resources.

DRILLING RESULTS
Drill results announced on 18th October confirmed Rio Tinto work on the thickness and grade of the Nalou and Khanong resources.
A 33,000m diamond and reverse-circulation (RC) infill drilling programme is in progress on the four gold deposits (Nalou, Discovery, Namkok and Discovery West) and the Khanong copper deposit.

To date 109 holes for 4023 metres have been completed on the Nalou and Namkok gold resources with excellent geological continuity observed at both. Assays have been received for 17 holes with initial results from the first four infill holes on the eastern end of Nalou highlighting better than anticipated near surface high grade mineralisation.

PETROZ (5 DECEMBER 2000)

AGIP Energy (Australia) Pty Limited increased its relevant interest in Petroz NL on 04/12/2000, from 30,203,274 ordinary shares (13.35%) to 31,110,804 ordinary shares (13.75%).

PLATGOLD PACIFIC (5 DECEMBER 2000)

Platgold Pacific Limited has changed it's name to Startrack Communications Limited, effective immediately.

SANTOS (5 DECEMBER 2000)

Esenjay Exploration Inc, the Operator of the Runnells-3 well in which Santos USA Corp has a 30% working interest, today announced a natural gas discovery in the Ashland Deep prospect, in the onshore Texas Gulf coast, 85 miles southwest of Houston, Texas.
Runnells #3, a wildcat discovery well, was production tested at an unstimulated daily flow rate of 22 million cubic feet (MMCF) of natural gas and 494 barrels of condensate, with flowing tubing pressure of 9,300 pounds per square inch through a 21/64" choke.

The Runnells #3 well was drilled to test deep, geopressured Frio Sands. Due to mechanical difficulties, the well did not reach its original target depth of 15,700 feet. Consequently, drilling was halted at 14,505 feet. A total of 168 feet of net pay was logged in four Frio pay intervals. The production test was from 31 feet of perforations in the Lower Claughton formation (below 14,000 feet), which is the deepest of the four pay intervals penetrated.
Sales of gas from the well have commenced, at the daily rate of 15 MMCF of natural gas plus condensate. Current US gas prices (ex Henry Hub) are US$7.60 (approximately A$14) per thousand cubic feet.

STUART PETROLEUM (5 DECEMBER 2000)

Stuart Petroleum announced that an in principle agreement on major issues, subject only to final acceptance by the South Australian Government, has been reached with Native Title claimants over its Cooper Basin acreage blocks C098E and C098H.
Such agreement, when executed, will enable the South Australian Government to issue Petroleum Exploration Licences over the areas covered by C098E and C098H with drilling planned to commence in early 2001.

TAP OIL (5 DECEMBER 2000)

Rubicon-1 Gas Discovery Update - As at 06.00 hours on 5 December 2000, the well has drilled to the total depth of 1,775 metres measured depth. The well has encountered a 30 metre gross gas column at 1,415 metres measured depth within Permian aged sandstones. The gas water contact occurs at the same depth as that in the adjacent Prometheus-1 discovery located 3 kms to the west, and it has been interpreted that the two discoveries are contiguous. Samples of the gas have been taken by wireline tools for analysis.
The sandstone reservoir is of excellent quality with an average porosity of 25% estimated from log data.

WEDGETAIL EXPLORATION (5 DECEMBER 2000)

Subsidiary Company Echo Technologies Limited has executed a Joint Marketing Agreement with Amadeus GTD SA a major travel global distribution system (EDS) and technology provider.

WOODSIDE PETROLEUM (5 DECEMBER 2000)

Woodside reports that the Gaea-1 exploration well located in the Carnarvon Basin has been drilled to a total depth of 4362 metres. On 5 December 2000, wireline formation evaluation operations were being completed prior to plugging and abandoning the well.
Gas has been discovered in two separate reservoir intervals. A 30 metre gross gas column was encountered in the upper reservoir and a 210 metre gross gas column was intersected in the lower reservoir. Logging and evaluation are ongoing.

ALKANE EXPLORATION (4 DECEMBER 2000)

Response to ASX Query re: share price - Alkane believes the market is becoming aware of the significance of the zirconia project at Dubbo and the quality of the other resource assets of Alkane and that there is a shift in market sentiment back to the resource sector as a means of counter-acting the sharp drop in the Australian dollar exchange rate.

AUSTRALIAN OVERSEAS RESOURCES (4 DECEMBER 2000)

Hunter Specialty Steels Ltd (HSSL) today announced that they have chosen Macquarie Generation's Power Station "buffer zone", approximately 12km south of Muswellbrook in the Upper Hunter Valley, as the site to build their new high-tech Mini-mill.

BEACH PETROLEUM (4 DECEMBER 2000)

Beach Petroleum reports that the Kenmore-26 development well spudded at 6.00 pm on 3 December. The well has a planned total depth of 1,582 metres.

CONTACT ENERGY (4 DECEMBER 2000)

Daily Share Buy-Back Notice - continued.

DURBAN ROODEPOORT DEEP (4 DECEMBER 2000)

The Annual General Meeting of Durban Roodepoort Deep, Limited was held on Friday, 24th November 2000. All resolutions were passed.

GLENGARRY RESOURCES / TANAMI GOLD (4 DECEMBER 2000)

The agreement with Tanami Gold dated 7 September 2000 regarding the sell down of the company's interests in the Tanami Joint Ventures is now unconditional and settlement will proceed in accordance with the terms of that agreement.

GUTNICK RESOURCES / TANAMI GOLD (4 DECEMBER 2000)

Following negotiations with Tanami Gold , the Strategic Corporate Alliance between the parties has been terminated and Mr Joseph Gutnick has resigned as Non-Executive Chairman.
The decision to cancel the Strategic Corporate Alliance is as a result of the Company's desire to focus on its own projects namely; the Rand Project and the Southern Laverton Tectonic Zone Project.

HARDMAN RESOURCES (4 DECEMBER 2000)

The planned capital raising and admission of Planet Oil International plc ("Planet") on London's Alternative Investment Market ("AIM") has been deferred to the first quarter of 2001.

LAKES OIL (4 DECEMBER 2000)

TRIFON-1 DRILLING

Lakes Oil N.L. ("Lakes") wishes to announce that the Trifon-1 well will commenced drilling by midday today. Daily reports are expected to be made on the progress of the drilling.

Trifon-1 has a programmed total depth of 1,800 metres, and is designed as a test of Cretaceous age alluvial fans identified on seismic. The first of the target fans is expected to be intersected at 1,412 metres. The overlying fluvial sands which flowed gas at North Seaspray-3 will be a secondary target in the well.

The Trifon-1 well is located in the onshore Gippsland Basin approximately 25 kilometres south east of Sale in permit PEP 157, (formerly PEP 137). Lakes Oil N.L. via its wholly-owned subsidiary Petro Tech Pty. Ltd. holds a 100% interest in the permit, subject to a 5% royalty over the permit held by Roma Petroleum.

For more information on Trifon-1, including the latest photos, click here.

MAGELLAN PETROLEUM AUSTRALIA (4 DECEMBER 2000)

The securities of Magellan Petroleum Australia Limited will be placed in pre-open pending the release of an announcement by the Company.

MAJESTIC RESOURCES (4 DECEMBER 2000)

Majestic Resources NL has recovered a massive gem quality diamond from its new mine at Riet River in South Africa, just two weeks after commissioning.
The Company's Executive Chairman, Mr Bob Wilde, said an 83 carat diamond, named the "Riet River Royal", had been recovered from operations on Friday, 1 December 2000, and was a world-first for an Australian producer.
The Riet River Royal is a perfect octahedral diamond shape and is near-flawless. It is of the pale yellow colour sought after by enthusiasts, being on the paler end of the scale of the famed Cape Yellow diamonds.
Whilst a valuation has yet to be carried out, based on past valuations of larger Riet River diamonds, the value of the uncut diamond is expected to be in the range of $500,000 to $850,000.
In total, more than 330 carats of gem quality diamonds have now been found at Riet River during the first two weeks of full operations.

MURRAY BASIN MINERALS (4 DECEMBER 2000)

The change of name from Murray Basin Minerals NL to Southern Titanium NL ("STN") has been effected by ASIC.

At a General Meeting of Shareholders' held in Perth, on 4 December 2000, that all resolutions were passed.

Included in those resolutions was approval for;

The sale of gold exploration assets to Quaestus Ltd
An in-specie distribution of Quaestus shares to certain STN Shareholders
Amendment of the Constitution to allow for the in-specie distribution, and
A reduction in the exercise price for Unlisted Options held by Directors, pursuant sub-section 256(2) of the Corporations Law and the Company's Constitution.

PETROZ (4 DECEMBER 2000)

Agip Energy (Australia) Pty Limited increased its relevant interest in Petroz NL on 01/12/2000, from 29,687,039 ordinary shares (13.12%) to 30,203,274 ordinary shares (13.35%).

ALLIANCE GOLD (1 DECEMBER 2000)

Alliance Gold Limited has allotted 600,000 fully paid shares. The issued capital is now 41,319,200 shares.

ASHANTI GOLDFIELDS COMPANY (1 DECEMBER 2000)

Ashanti and AngloGold Limited have agreed that the agreement for the sale of a 50% interest in the Geita gold mine to AngloGold and the entering into of a joint venture to jointly manage Geita is now unconditional. The US$205 million consideration is being placed by AngloGold in an account pending closure of the Transaction.

CARNARVON PETROLEUM (1 DECEMBER 2000)

The company announced further particulars of its acquisition of a 40% interest in the SW1A Petroleum Concession, central Thailand. The acquisition is subject only to the finalisation of the Joint Operating Agreement with the Concessionaire, Pacific Tiger Energy (Thailand) Limited (60% and Operator). The new joint venture will be called the SW1 Joint Venture.

The SW1 Concession has produced 360,000 barrels of oil since the discovery of oil in WB#1 by Petrocorp (now Fletcher Challenge Energy) in 1988.

Production of oil within the SW1A Concession is now mainly from the Wichian Buri oilfield. Southern Petchabun Basin, and current production is approximately 225 bopd. Figure 1 shows the location of Wichian Buri within the Concession.

Most likely remaining proven and probable recoverable reserves are approximately 2.4MMBO with upside of around 7.1MMBO.

To facilitate this growth the company announces the appointment of a new, highly experienced technical team headed by Dr Ken Tregonning, BSc (Hons), PhD and David Orth, BSc, DipGeoSci.

CONTACT ENERGY (1 DECEMBER 2000)

Daily Share Buy-Back Notice - continued.

DALRYMPLE RESOURCES (1 DECEMBER 2000)

Wythenshawe Pty Ltd & Associates increased its relevant interest in Dalrymple Resources NL on 30/11/2000, from 12,702,042 ordinary shares (25.07%) to 15,342,525 ordinary shares (26.15%).

EAGLE BAY RESOURCES (1 DECEMBER 2000)

Eagle Bay has entered into a number of arrangements with an unlisted public company Terramin Australia Ltd which is the operator and is acquiring a 100% interest in the ANGAS lead/zinc prospect and surrounding exploration title (Rankine Deposit) whose current indicated resource position is:

780,000 Tonnes @ 24% zinc equivalent

Eagle Bay directors believe a profitable modest tonnage, high grade mine with considerable exploration upside can be established at Angas (some 50km east of Adelaide) utilising the processing facilities of Eagle Bay's Uley mine.

EMPEROR MINES (1 DECEMBER 2000)

Each of the ordinary and special resolutions set out in the Notice of the Annual General Meeting held on 30 November, 2000, were passed by requisite majority of members.

ENERGY RESOURCES OF AUSTRALIA (1 DECEMBER 2000)

ERA has appointed two new Directors of the Company:

Mr Gregory Boyce has been appointed replacing Mr Thomas Albanese who has resigned as a Director. Mr Boyce, BSc, age 46, is Chief Executive Energy of Rio Tinto plc in London.
Mr James Marlatt has been appointed at the nomination of the B Class shareholders of the Company replacing Mr Didier Panthout who has resigned as a Director. Mr Marlatt, BSc, age 44, is a geological engineer and Manager Exploration for Camego Australia Pty Ltd.

EQUINOX RESOURCES (1 DECEMBER 2000)

All resolutions considered by shareholders at the Annual General Meeting of Equinox Resources Limited held on Thursday, 30 November 2000 were duly passed.

GOLDEN HERITAGE (1 DECEMBER 2000)

The Directors advised that they are currently exploring the possibility of selling the freehold property at Allendale to provide additional funds for the ongoing operations and development of the Address Express business.

GOLDEN TRIANGLE RESOURCES (1 DECEMBER 2000)

Rentamobile Pty Ltd became a substantial shareholder in Golden Triangle Resources NL on 23/11/2000 with a relevant interest in the issued share capital of 5,000,000 ordinary shares (6.22%).

GTN RESOURCES (1 DECEMBER 2000)

All resolutions detailed in the Notice of Meeting of GTN Resources Limited were passed by the requisite majorities at the Annual General Meeting of the Company held on 27 November 2000.

HERON RESOURCES (1 DECEMBER 2000)

All resolutions presented to the Annual General Meeting of Heron Resources NL on 29 November 2000 were passed.

LYNAS CORPORATION (1 DECEMBER 2000)

On 29 November Anaconda Industries Ltd, a wholly owned subsidiary of Anaconda, acquired 6,331,413 voting shares, representing 8.19% of the voting shares in the capital of Lynas, by subscription of $1,266,282.60 for shortfall securities in accordance with an underwriting of Lynas 15/11/2000 Options.

NORMANDY MINING (1 DECEMBER 2000)

Mr Ken Spencer will join the Board as a non-executive Director on 1 December 2000.

PASMINCO (1 DECEMBER 2000)

Credit Suisse First Boston Australia (Holdings) Ltd decreased its relevant interest in Pasminco Limited on 07/08/2000, from 80,715,315 ordinary shares (7.178%) to 68,233,392 ordinary shares (6.068%).

PERSEVERANCE CORPORATION (1 DECEMBER 2000)

Resolutions 1 and 2 contained in the Notice of Annual General Meeting were approved at the Company's Annual General Meeting held on 30 November 2000. Resolution 3 was withdrawn.

PETSEC ENERGY (1 DECEMBER 2000)

Petsec Energy Ltd (ASX: PSA and OTC: PSJEE) today announced that its wholly owned subsidiary Petsec Energy Inc ("PEI") confirmed its Plan of Reorganisation ("the Plan") in the United States Bankruptcy Court. Subject to any appeals of the Confirmation Order entered by the Court, the order will become final on 1 December 2000. When the reorganisation is completed, PEI will emerge from Chapter 11 as a reorganised entity which will continue in the oil and gas business and Petsec Energy Ltd will continue to own and control the issued capital of PEI, through its wholly owned US subsidiary Petsec (USA) Inc ("PUSA").
Under the Plan, at a cost of US$3 million the Petsec Group will retain five exploration leases and PEI, with its technical database, computer systems and office equipment. The five exploration leases are High Island 33 (State), High Island 33 (Federal), West Cameron 145, Ship Shoal 180 and Vermilion 258.

PETROZ (1 DECEMBER 2000)

Agip Energy (Australia) Pty Ltd increased its relevant interest in Petroz NL on 30/11/2000, from 29,511,890 ordinary shares (13.04%) to 29,687,039 ordinary shares (13.12%).

SONS OF GWALIA (1 DECEMBER 2000)

Daily Share Buy-Back Notice - continued; the remaining number of shares to be bought back - 2,896,883.

ST BARBARA MINES (1 DECEMBER 2000)

All resolutions put to the AGM of shareholders were accepted.

STRATA MINING CORPORATION / GOLDFIELDS (1 DECEMBER 2000)

Strata Mining Corporation NL's 96% owned subsidiary, Media Fusion Limited, has farmed out its 2.4 sqkm Kopai Lake Tenements (P15/3800 and 3801) 20 km west of Kalgoorlie, to Goldfields Exploration Pty Limited.
Goldfields can earn 65% interest by the expenditure of $200,000 over three years, leaving Media Fusion with a 25% participating interest and PocketMail Group Limited with 10% free carried to a Decision to Mine.

All resolutions were passed on a show of hands by shareholders at the Annual General Meeting of shareholders.

YARDARINO MINING (1 DECEMBER 2000)

At the AGM yesterday, shareholders passed all seven resolutions on the notice paper.

Friday 29th December 2000 (Close of Business)
All Ords	3154.7	-25.5	Dow Jones	10,786.85	-81.91
ASX200	3206.2	-30.0	S&P 500	1320.28	-13.94
All Resources	1381.5	unch	Nasdaq	2470.52	-87.24
All Mining	663.5	+3.7	Gold - spot/oz	US$271.50	unch
All Gold	702.0	+0.3	Silver - spot/oz	US$4.57	+0.01
AGC Explorers	760	+5	Platinum - spot	US$610.00	-4.00
Energy	1623.0	+4.6	Palladium - spot	US$946.00	-4.00
All Industrials	5450.5	-51.2	Bridge CRB Futures Index	227.83	+1.37
FTSE 100	6222.5	-0.7	Crude Oil (NYMEX)	US$26.80	+0.95
Nikkei	13,785.69	-161.27	Copper (spot $US/tonne)	US$1820	na
Hang Seng	15,095.53	+298.98	Lead (spot $US/tonne)	US$480	na
A$ = US55.76c		+0.39	Zinc (spot $US/tonne)	US$1034	na
A$ = 63.91yen		+0.55	Nickel (spot $US/tonne)	US$7110	na
A$ = 0.592euro		-0.008	Aluminium (spot $US/tonne)	US$1560	na
US 30-Year Bond	5.459%	+0.023	Tin (spot $US/tonne)	US$5155	na
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Thursday 28th December 2000 (Close of Business)
All Ords	3180.2	+7.4	Dow Jones	10,868.76	+65.60
ASX200	3236.2	+7.6	S&P 500	1334.22	+5.30
All Resources	1381.5	+11.1	Nasdaq	2557.76	+18.41
All Mining	659.8	+4.9	Gold - spot/oz	US$271.50	-3.20
All Gold	701.7	+4.3	Silver - spot/oz	US$4.56	-0.01
AGC Explorers	755	na	Platinum - spot	US$614.00	+2.00
Energy	1618.4	+4.9	Palladium - spot	US$950.00	-15.00
All Industrials	5501.7	+7.6	Bridge CRB Futures Index	226.46	-2.44
FTSE 100	6223.2	+5.0	Crude Oil (NYMEX)	US$25.85	-0.62
Nikkei	13,946.96	-34.53	Copper (spot $US/tonne)	US$1820	+4
Hang Seng	14,796.55	+48.19	Lead (spot $US/tonne)	US$480	+2
A$ = US55.37c		-0.43	Zinc (spot $US/tonne)	US$1034	-8
A$ = 63.36yen		-0.54	Nickel (spot $US/tonne)	US$7110	-80
A$ = 0.600euro		-0.001	Aluminium (spot $US/tonne)	US$1560	unch
US 30-Year Bond	5.436%	-0.006	Tin (spot $US/tonne)	US$5155	-50
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Wednesday 27th December 2000 (Close of Business)
All Ords	3172.8	+29.9	Dow Jones	10,803.16	+110.72
ASX200	3228.6	+32.6	S&P 500	1328.92	+13.73
All Resources	1370.4	+21.3	Nasdaq	2539.35	+45.83
All Mining	654.9	+3.7	Gold - spot/oz	US$274.70	+1.30
All Gold	697.4	-2.8	Silver - spot/oz	US$4.57	-0.02
AGC Explorers	755	+11	Platinum - spot	US$612.00	+7.00
Energy	1613.5	+12.4	Palladium - spot	US$965.00	+10.00
All Industrials	5494.1	+46.5	Bridge CRB Futures Index	228.90	+0.05
FTSE 100	6218.2	+120.7	Crude Oil (NYMEX)	US$26.47	-0.17
Nikkei	13,981.49	-26.36	Copper (spot $US/tonne)	US$1816	na
Hang Seng	14,748.36	+10.15	Lead (spot $US/tonne)	US$478	na
A$ = US55.90c		-0.003	Zinc (spot $US/tonne)	US$1042	na
A$ = 63.91yen		+0.34	Nickel (spot $US/tonne)	US$7190	na
A$ = 0.601euro		unch	Aluminium (spot $US/tonne)	US$1560	na
US 30-Year Bond	5.442%	+0.038	Tin (spot $US/tonne)	US$5205	na
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Friday 22nd December 2000 (Close of Business)
All Ords	3142.9	+9.2	Dow Jones	10,635.56	+148.27
ASX200	3196.0	+10.2	S&P 500	1305.97	+31.11
All Resources	1349.1	-8.3	Nasdaq	2517.02	+176.90
All Mining	651.2	+1.4	Gold - spot/oz	US$273.40	-0.20
All Gold	700.2	+2.2	Silver - spot/oz	US$4.59	+0.01
AGC Explorers	744	-8	Platinum - spot	US$605.00	-6.00
Energy	1601.1	+6.6	Palladium - spot	US$955.00	+10.00
All Industrials	5447.6	+23.8	Bridge CRB Futures Index	228.85	+0.65
FTSE 100	6097.5	-18.0	Crude Oil (NYMEX)	US$26.64	+0.46
Nikkei	14,007.85	+584.64	Copper (spot $US/tonne)	US$1816	-36
Hang Seng	14,738.21	+78.89	Lead (spot $US/tonne)	US$478	+26
A$ = US55.93c		+0.44	Zinc (spot $US/tonne)	US$1042	-19
A$ = 63.57yen		+1.26	Nickel (spot $US/tonne)	US$7190	+70
A$ = 0.601euro		-0.005	Aluminium (spot $US/tonne)	US$1560	-42
US 30-Year Bond	5.404%	+0.15	Tin (spot $US/tonne)	US$5205	-45
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24 Hour Spot Gold Price

Thursday 21st December 2000 (Close of Business)
All Ords	3133.7	-57.2	Dow Jones	10,487.29	+168.36
ASX200	3185.8	-59.4	S&P 500	1274.86	+10.12
All Resources	1357.4	-7.9	Nasdaq	2340.12	+7.34
All Mining	649.8	-1.2	Gold - spot/oz	US$273.60	+1.00
All Gold	698.0	+2.8	Silver - spot/oz	US$4.58	-0.02
AGC Explorers	752	-13	Platinum - spot	US$611.00	+8.00
Energy	1594.5	-1.1	Palladium - spot	US$945.00	+8.00
All Industrials	5423.8	-110.0	Bridge CRB Futures Index	228.56	+1.19
FTSE 100	6115.5	-61.2	Crude Oil (NYMEX)	US$25.98	+0.21
Nikkei	13,423.21	-491.22	Copper (spot $US/tonne)	US$1852	na
Hang Seng	14,659.32	-271.40	Lead (spot $US/tonne)	US$452	na
A$ = US55.49c		+0.60	Zinc (spot $US/tonne)	US$1061	na
A$ = 62.31yen		+0.46	Nickel (spot $US/tonne)	US$7120	na
A$ = 0.606euro		+0.002	Aluminium (spot $US/tonne)	US$1602	na
US 30-Year Bond	5.405%	-0.017	Tin (spot $US/tonne)	US$5250	na
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Company News

Proposed New Floats/
Share Issues

Proposed New Floats/
Share Issues

Sopokomil Prospect - Anjing Hitam Deposit

Sopokomil/Other Drilling

RESOLUTE / DOMINION MINING (4 DECEMBER 2000)

This page was produced by...

Copyright © 2000

Hole	North	East	Dip/ Azimuth (mag.)	From (m)	To (m)	Width (m)	Zinc (%)	Lead (%)	Zinc + Lead (%)	Description
SOP43D	9475	5255	-85º/71º	381.5	390.3	8.8	13.2	7.7	20.9	MMH

Wednesday 20th December 2000 (Close of Business)
All Ords	3190.9	-12.9	Dow Jones	10,318.93	-265.44
ASX200	3245.2	-12.9	S&P 500	1264.74	-40.86
All Resources	1365.3	+4.5	Nasdaq	2332.78	-178.93
All Mining	651.0	-1.1	Gold - spot/oz	US$272.60	+2.80
All Gold	695.2	-2.8	Silver - spot/oz	US$4.60	+0.04
AGC Explorers	765	na	Platinum - spot	US$603.00	+5.00
Energy	1595.6	-1.9	Palladium - spot	US$937.00	+29.00
All Industrials	5533.8	-28.8	Bridge CRB Futures Index	227.37	-0.90
FTSE 100	6176.7	-118.3	Crude Oil (NYMEX)	US$25.77	-2.19
Nikkei	13,914.43	-217.94	Copper (spot $US/tonne)	US$1852	-2
Hang Seng	14,930.72	-257.32	Lead (spot $US/tonne)	US$452	+4
A$ = US54.89c		+0.48	Zinc (spot $US/tonne)	US$1061	-9
A$ = 61.85yen		+0.64	Nickel (spot $US/tonne)	US$7120	+15
A$ = 0.604euro		-0.003	Aluminium (spot $US/tonne)	US$1602	+6
US 30-Year Bond	5.422%	-0.046	Tin (spot $US/tonne)	US$5250	+10
Live Quotes & Charts - Australia
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Tuesday 19th December 2000 (Close of Business)
All Ords	3203.8	+19.5	Dow Jones	10,584.37	-61.05
ASX200	3258.1	+21.5	S&P 500	1305.60	-17.14
All Resources	1360.8	+5.6	Nasdaq	2511.71	-112.81
All Mining	652.1	+1.8	Gold - spot/oz	US$269.80	-0.10
All Gold	698.0	+0.4	Silver - spot/oz	US$4.56	+0.02
AGC Explorers	765	-19	Platinum - spot	US$598.00	-2.00
Energy	1597.5	-2.9	Palladium - spot	US$908.00	-27.00
All Industrials	5562.6	+35.5	Bridge CRB Futures Index	228.27	-0.23
FTSE 100	6295.0	+48.5	Crude Oil (NYMEX)	US$27.96	-0.63
Nikkei	14,132.37	-351.53	Copper (spot $US/tonne)	US$1854	-49
Hang Seng	15,188.04	+163.51	Lead (spot $US/tonne)	US$448	-6
A$ = US54.41c		+0.31	Zinc (spot $US/tonne)	US$1070	-15
A$ = 61.21yen		+0.57	Nickel (spot $US/tonne)	US$7105	-185
A$ = 0.607euro		+0.002	Aluminium (spot $US/tonne)	US$1594	-26
US 30-Year Bond	5.468%	+0.034	Tin (spot $US/tonne)	US$5240	-35
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Monday 18th December 2000 (Close of Business)
All Ords	3184.3	+6.2	Dow Jones	10,645.42	+210.46
ASX200	3236.6	+7.4	S&P 500	1322.74	+10.59
All Resources	1355.2	-8.3	Nasdaq	2624.52	-28.75
All Mining	650.3	-6.1	Gold - spot/oz	US$269.90	-0.80
All Gold	697.6	-3.9	Silver - spot/oz	US$4.54	-0.01
AGC Explorers	784	-6	Platinum - spot	US$600.00	-6.00
Energy	1600.4	-10.4	Palladium - spot	US$935.00	+2.00
All Industrials	5527.1	+17.9	Bridge CRB Futures Index	228.50	+1.09
FTSE 100	6246.5	+70.7	Crude Oil (NYMEX)	US$28.59	+0.73
Nikkei	14,483.90	-68.39	Copper (spot $US/tonne)	US$1903	+18
Hang Seng	15,024.53	+49.00	Lead (spot $US/tonne)	US$454	-1
A$ = US54.10c		-0.32	Zinc (spot $US/tonne)	US$1085	+4
A$ = 60.64yen		-0.55	Nickel (spot $US/tonne)	US$7290	+130
A$ = 0.605euro		-0.003	Aluminium (spot $US/tonne)	US$1620	+23
US 30-Year Bond	5.434%	+0.018	Tin (spot $US/tonne)	US$5275	+15
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Friday 15th December 2000 (Close of Business)
All Ords	3178.1	-45.0	Dow Jones	10,434.96	-240.03
ASX200	3229.2	-47.8	S&P 500	1312.15	-28.78
All Resources	1363.5	-15.5	Nasdaq	2653.27	-75.24
All Mining	656.4	-8.5	Gold - spot/oz	US$270.70	+1.80
All Gold	701.5	-6.0	Silver - spot/oz	US$4.55	-0.02
AGC Explorers	790	-3	Platinum - spot	US$606.00	-9.00
Energy	1610.8	-13.8	Palladium - spot	US$933.00	+15.00
All Industrials	5509.2	-80.5	Bridge CRB Futures Index	227.41	-1.30
FTSE 100	6175.8	-88.0	Crude Oil (NYMEX)	US$27.86	+0.69
Nikkei	14,552.29	-374.90	Copper (spot $US/tonne)	US$1885	+10
Hang Seng	14,975.53	-521.46	Lead (spot $US/tonne)	US$455	+9
A$ = US54.42c		+0.23	Zinc (spot $US/tonne)	US$1081	+1
A$ = 61.19yen		+0.32	Nickel (spot $US/tonne)	US$7060	-115
A$ = 0.608euro		unch	Aluminium (spot $US/tonne)	US$1597	+9
US 30-Year Bond	5.416%	-0.030	Tin (spot $US/tonne)	US$5260	+45
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Thursday 14th December 2000 (Close of Business)
All Ords	3223.1	-18.4	Dow Jones	10,674.99	-119.45
ASX200	3277.0	-20.5	S&P 500	1340.93	-19.06
All Resources	1379.0	-18.2	Nasdaq	2728.51	-94.26
All Mining	664.9	-4.6	Gold - spot/oz	US$268.90	+0.20
All Gold	707.5	-5.0	Silver - spot/oz	US$4.57	-0.04
AGC Explorers	793	unch	Platinum - spot	US$615.00	+10.00
Energy	1624.6	-7.7	Palladium - spot	US$918.00	+30.00
All Industrials	5589.7	-25.1	Bridge CRB Futures Index	226.02	-1.30
FTSE 100	6263.8	-139.2	Crude Oil (NYMEX)	US$27.17	-0.95
Nikkei	14,927.19	-241.49	Copper (spot $US/tonne)	US$1875	-21
Hang Seng	15,496.99	-124.74	Lead (spot $US/tonne)	US$446	-7
A$ = US54.19c		+0.34	Zinc (spot $US/tonne)	US$1080	-2
A$ = 60.87yen		+0.28	Nickel (spot $US/tonne)	US$7175	-245
A$ = 0.608euro		-0.006	Aluminium (spot $US/tonne)	US$1588	-21
US 30-Year Bond	5.446%	-0.032	Tin (spot $US/tonne)	US$5215	unch
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Wednesday 13th December 2000 (Close of Business)
All Ords	3241.5	-14.8	Dow Jones	10,794.44	+26.17
ASX200	3297.5	-15.7	S&P 500	1359.98	-11.20
All Resources	1397.2	-15.4	Nasdaq	2822.77	-109.00
All Mining	669.5	-3.8	Gold - spot/oz	US$268.70	-2.00
All Gold	712.5	+2.4	Silver - spot/oz	US$4.61	-0.03
AGC Explorers	793	-7	Platinum - spot	US$605.00	-10.00
Energy	1632.3	-7.3	Palladium - spot	US$888.00	-37.00
All Industrials	5614.8	-19.9	Bridge CRB Futures Index	227.32	-2.59
FTSE 100	6403.0	+12.6	Crude Oil (NYMEX)	US$28.12	-0.98
Nikkei	15,168.68	+54.04	Copper (spot $US/tonne)	US$1896	-7
Hang Seng	15,621.73	+292.13	Lead (spot $US/tonne)	US$453	-10
A$ = US53.85c		-0.29	Zinc (spot $US/tonne)	US$1082	-17
A$ = 60.59yen		+0.22	Nickel (spot $US/tonne)	US$7420	-190
A$ = 0.614euro		-0.002	Aluminium (spot $US/tonne)	US$1609	+29
US 30-Year Bond	5.478%	-0.050	Tin (spot $US/tonne)	US$5215	-25
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Tuesday 12th December 2000 (Close of Business)
All Ords	3256.3	+0.4	Dow Jones	10,768.27	+42.47
ASX200	3313.2	+0.8	S&P 500	1371.18	-9.02
All Resources	1412.6	-4.1	Nasdaq	2931.77	-83.33
All Mining	673.3	+3.2	Gold - spot/oz	US$270.70	+0.30
All Gold	710.1	-3.3	Silver - spot/oz	US$4.64	-0.01
AGC Explorers	800	+17	Platinum - spot	US$615.00	+5.00
Energy	1639.6	-10.2	Palladium - spot	US$925.00	+7.00
All Industrials	5634.7	+3.5	Bridge CRB Futures Index	229.91	-2.45
FTSE 100	6390.4	+20.1	Crude Oil (NYMEX)	US$29.68	+0.18
Nikkei	15,114.64	+98.94	Copper (spot $US/tonne)	US$1903	+13
Hang Seng	15,329.60	-78.94	Lead (spot $US/tonne)	US$463	-4
A$ = US54.14c		+0.10	Zinc (spot $US/tonne)	US$1099	+10
A$ = 60.37yen		+0.57	Nickel (spot $US/tonne)	US$7610	-140
A$ = 0.616euro		unch	Aluminium (spot $US/tonne)	US$1580	unch
US 30-Year Bond	5.528%	-0.010	Tin (spot $US/tonne)	US$5240	-45
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24 Hour Spot Gold Price

Monday 11th December 2000 (Close of Business)
All Ords	3255.9	+23.4	Dow Jones	10,725.80	+12.89
ASX200	3312.4	+24.8	S&P 500	1380.20	+10.31
All Resources	1416.7	+19.0	Nasdaq	3015.10	+97.67
All Mining	670.1	+8.0	Gold - spot/oz	US$270.40	-2.10
All Gold	713.4	-0.6	Silver - spot/oz	US$4.65	-0.01
AGC Explorers	783	+1	Platinum - spot	US$610.00	+8.00
Energy	1649.8	+8.4	Palladium - spot	US$918.00	+18.00
All Industrials	5631.2	+34.8	Bridge CRB Futures Index	232.36	+1.76
FTSE 100	6370.3	+82.0	Crude Oil (NYMEX)	US$29.50	+1.06
Nikkei	15,015.70	+319.19	Copper (spot $US/tonne)	US$1890	+25
Hang Seng	15,408.54	+219.21	Lead (spot $US/tonne)	US$467	unch
A$ = US54.04c		-0.52	Zinc (spot $US/tonne)	US$1089	+20
A$ = 59.80yen		-0.92	Nickel (spot $US/tonne)	US$7750	+185
A$ = 0.616euro		+0.001	Aluminium (spot $US/tonne)	US$1580	+31
US 30-Year Bond	5.538%	-0.010	Tin (spot $US/tonne)	US$5285	-5
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Friday 8th December 2000 (Close of Business)
All Ords	3252.0	-19.5	Dow Jones	10,712.91	+95.55
ASX200	3287.6	-21.4	S&P 500	1369.89	+26.34
All Resources	1397.7	+4.6	Nasdaq	2917.43	+164.77
All Mining	662.1	-1.3	Gold - spot/oz	US$272.50	-0.80
All Gold	714.0	-1.1	Silver - spot/oz	US$4.66	-0.07
AGC Explorers	782	+1	Platinum - spot	US$602.00	-8.00
Energy	1641.4	-9.4	Palladium - spot	US$900.00	+5.00
All Industrials	5596.4	-42.2	Bridge CRB Futures Index	230.60	-0.38
FTSE 100	6288.3	+56.9	Crude Oil (NYMEX)	US$28.44	-0.91
Nikkei	14,696.51	-23.85	Copper (spot $US/tonne)	US$1865	+15
Hang Seng	15,189.33	+177.81	Lead (spot $US/tonne)	US$467	+4
A$ = US54.56c		-0.12	Zinc (spot $US/tonne)	US$1069	+11
A$ = 60.72yen		+0.25	Nickel (spot $US/tonne)	US$7565	+90
A$ = 0.615euro		unch	Aluminium (spot $US/tonne)	US$1549	+37
US 30-Year Bond	5.548%	+0.048	Tin (spot $US/tonne)	US$5290	unch
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Thursday 7th December 2000 (Close of Business)
All Ords	3252.0	+1.2	Dow Jones	10,617.36	-47.02
ASX200	3309.0	+0.9	S&P 500	1343.55	-7.91
All Resources	1393.1	+15.9	Nasdaq	2752.66	-43.84
All Mining	663.4	+14.5	Gold - spot/oz	US$273.30	-1.10
All Gold	715.1	+29.6	Silver - spot/oz	US$4.73	unch
AGC Explorers	781	+3	Platinum - spot	US$610.00	+8.00
Energy	1650.8	-9.9	Palladium - spot	US$895.00	+44.00
All Industrials	5638.6	-8.0	Bridge CRB Futures Index	230.98	-1.07
FTSE 100	6235.5	-37.8	Crude Oil (NYMEX)	US$29.35	-0.50
Nikkei	14,720.36	-169.01	Copper (spot $US/tonne)	US$1850	+13
Hang Seng	15,011.52	-87.43	Lead (spot $US/tonne)	US$463	+6
A$ = US54.68c		+0.03	Zinc (spot $US/tonne)	US$1058	+7
A$ = 60.47yen		+0.13	Nickel (spot $US/tonne)	US$7475	+5
A$ = 0.615euro		+0.002	Aluminium (spot $US/tonne)	US$1512	+6
US 30-Year Bond	5.500%	-0.022	Tin (spot $US/tonne)	US$5290	+35
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Wednesday 7th December 2000 (Close of Business)
All Ords	3250.8	+0.8	Dow Jones	10,664.38	-234.34
ASX200	3308.1	+1.6	S&P 500	1351.45	-25.09
All Resources	1377.2	-6.4	Nasdaq	2796.50	-93.30
All Mining	648.9	-14.0	Gold - spot/oz	US$274.40	+3.90
All Gold	685.5	-20.5	Silver - spot/oz	US$4.73	+0.03
AGC Explorers	778	+1	Platinum - spot	US$602.00	-2.00
Energy	1660.7	-15.2	Palladium - spot	US$851.00	-6.00
All Industrials	5640.8	+32.2	Bridge CRB Futures Index	232.05	+2.48
FTSE 100	6273.3	-25.7	Crude Oil (NYMEX)	US$29.85	+0.32
Nikkei	14,889.37	+194.32	Copper (spot $US/tonne)	US$1837	+10
Hang Seng	15,098.95	+525.74	Lead (spot $US/tonne)	US$457	-6
A$ = US54.65c		+0.47	Zinc (spot $US/tonne)	US$1051	+8
A$ = 60.34yen		+0.13	Nickel (spot $US/tonne)	US$7470	+10
A$ = 0.613euro		-0.003	Aluminium (spot $US/tonne)	US$1506	-9
US 30-Year Bond	5.522%	-0.068	Tin (spot $US/tonne)	US$5255	-15
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Tuesday 6th December 2000 (Close of Business)
All Ords	3250.0	+22.7	Dow Jones	10,898.72	+338.62
ASX200	3306.5	+24.8	S&P 500	1376.54	+51.57
All Resources	1383.6	+20.8	Nasdaq	2889.80	+274.05
All Mining	662.9	+14.9	Gold - spot/oz	US$270.50	unch
All Gold	706.0	+20.2	Silver - spot/oz	US$4.70	-0.03
AGC Explorers	777	+15	Platinum - spot	US$604.00	-16.00
Energy	1675.9	+2.3	Palladium - spot	US$857.00	-13.00
All Industrials	5640.8	+32.2	Bridge CRB Futures Index	229.57	-2.27
FTSE 100	6289.1	+130.4	Crude Oil (NYMEX)	US$29.53	-1.69
Nikkei	14,695.05	-259.68	Copper (spot $US/tonne)	US$1827	+12
Hang Seng	14,573.21	+13.97	Lead (spot $US/tonne)	US$463	-3
A$ = US54.18c		-0.26	Zinc (spot $US/tonne)	US$1043	-4
A$ = 60.21yen		-0.31	Nickel (spot $US/tonne)	US$7460	-30
A$ = 0.616euro		+0.002	Aluminium (spot $US/tonne)	US$1515	+21
US 30-Year Bond	5.590%	-0.074	Tin (spot $US/tonne)	US$5270	-5
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Monday 5th December 2000 (Close of Business)
All Ords	3227.3	-2.1	Dow Jones	10,560.10	+186.56
ASX200	3281.7	-2.4	S&P 500	1324.97	+9.74
All Resources	1362.8	-1.4	Nasdaq	2615.74	-29.54
All Mining	648.0	+7.8	Gold - spot/oz	US$270.50	+2.00
All Gold	685.8	+13.8	Silver - spot/oz	US$4.73	+0.06
AGC Explorers	762	-18	Platinum - spot	US$620.00	+9.00
Energy	1673.6	-7.1	Palladium - spot	US$870.00	+48.00
All Industrials	5608.6	-3.3	Bridge CRB Futures Index	231.84	+3.18
FTSE 100	6157.7	-12.7	Crude Oil (NYMEX)	US$31.22	-0.80
Nikkei	14,954.73	+119.40	Copper (spot $US/tonne)	US$1815	unch
Hang Seng	14,559.24	+117.81	Lead (spot $US/tonne)	US$466	unch
A$ = US54.44c		+0.83	Zinc (spot $US/tonne)	US$1047	-5
A$ = 60.52yen		+0.81	Nickel (spot $US/tonne)	US$7490	+90
A$ = 0.614euro		+0.004	Aluminium (spot $US/tonne)	US$1494	-4
US 30-Year Bond	5.664%	+0.023	Tin (spot $US/tonne)	US$5275	-5
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Friday 1st December 2000 (Close of Business)
All Ords	3229.4	+7.4	Dow Jones	10,373.54	-40.95
ASX200	3284.1	+9.5	S&P 500	1315.23	+47.36
All Resources	1364.2	-0.3	Nasdaq	2645.29	+0.84
All Mining	640.2	+9.3	Gold - spot/oz	US$268.50	-1.30
All Gold	672.0	+18.2	Silver - spot/oz	US$4.67	unch
AGC Explorers	780	na	Platinum - spot	US$611.00	+7.00
Energy	1680.7	-0.6	Palladium - spot	US$822.00	+11.00
All Industrials	5611.9	+15.1	Bridge CRB Futures Index	228.66	-1.13
FTSE 100	6170.4	+28.2	Crude Oil (NYMEX)	US$32.02	-1.80
Nikkei	14,835.33	+186.82	Copper (spot $US/tonne)	US$1815	-5
Hang Seng	14,441.43	+457.04	Lead (spot $US/tonne)	US$466	+3
A$ = US53.61c		+0.84	Zinc (spot $US/tonne)	US$1052	-4
A$ = 59.71yen		+1.47	Nickel (spot $US/tonne)	US$7400	-90
A$ = 0.610euro		+0.005	Aluminium (spot $US/tonne)	US$1498	-16
US 30-Year Bond	5.641%	+0.055	Tin (spot $US/tonne)	US$5280	+15
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