Australian Mining & Exploration Companies-News

Lakes Oil N.L. has been advised by Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, that the Eagle-1 well is at a depth of 3,954 metres, and drilling ahead.

Directional drilling towards the primary objective and horizontal well section will commence at 3,980 metres. The well will be drilled to a measured depth of 4,557 metres. A horizontal well bore of up to 300 metres in length between 4,252 – 4,557 metres is programmed.

Eagle No. 1 will be the first well in the Eagle Oil Pool Development Project, a horizontal drilling project targeting potential recoverable reserves of up to 24 million barrels of oil and 62 billion cubic feet of gas.

The Directors of Amadeus Petroleum NL are pleased to announce that it intends to initiate an on market share buy-back of up to 10% of its issued capital. This equates to 8,450,680 shares, or $800,000 at current market prices.

The Board has today agreed to revise the terms of the proposed $A92.7m, $2.00 Rights Issue underwritten by Glencore International AG ("the underwriter").

In order to fully secure the financial position of the Company during the remaining ramp up period of Murrin Murrin, the Board resolved to renegotiate the underwritten amount under the underwriting agreement with the underwriter to $A140.3m.

In satisfactorily achieving this outcome the Board took into account that professional investor and institutional participation during the Rights trading period was in the shareholders' interests and lowered the issue price for these new shares to $1.55 ("the final price").
The new shares will rank equally with existing shares and will be issued to all shareholders who are entered on the Company's register as at the 5th of July 2001 ("the ex-rights date").

The amount of $A140.3m raised by the Company as a result of this issue is fully underwritten for a total fee of 2.5%. In addition, the underwriter has agreed to make the $A92m available under the original underwriting agreement to the Company immediately upon lodgement of the Prospectus, expected to be today.

The Australian Worldwide Exploration group advises that as at 0900 hours on June 29 the Balnaves-1 well in PEL32 in the Otway Basin, South Australia, was at total depth of 2874mMD and was completing wireline logging operations. When they are finished, straddle test DST2 will be run over the interval 2748 - 2774mMD in the Pretty Hills Sandstone.

The Company expects to make a small profit of less than $10M (after tax) for the half year ending 30 June, 2001. This profit will include an abnormal profit of approximately $16M (after tax) due to a recently completed transaction involving the exercise of sale rights with respect to a vessel chartered by Caltex.

On 12 June, 2001 the Company announced that its half-year operating profit for 2001 was expected to be small unless there was a significant improvement in refining margins for the remainder of June. Singapore average refining margins for petrol have remained negative in June. As a result of continuing poor refining margins, the Company expects to make an operating loss after tax for the half year.

As the Chairman advised at the Annual General Meeting on 26 April, 2001, the Board's objective is to pay a consistent dividend but the level of dividends and franking credits depends on profits, available cash flows and the Company's tax position. No decision has yet been made in relation to an interim dividend for 2001. However, when it is made, it will take into account these factors and, in particular, the profit position.

Cue Energy Resources Limited (Cue) announces that at 6am on 29th June 2001 the Oyong-2 well in the Sampang PSC offshore East Java, was at 950 metres and preparing to cut core five.

Oyong-2 is located approximately 125 metres north of the Oyong-1 discovery well and is designed to appraise the gas (110 metres) and oil (+/- 22 metres) accumulations penetrated in the Oyong-1 well and to drill the deeper Wonocolo and Ngrayong primary objectives that could not be reached in Oyong-1.

The Company announces that the operations being conducted at the Brooke No 1 Well located 3 kilometres south of the Rough Range Oil Field in EP41 (Part 3) Exmouth Gulf, at 0600 hours on the 29 June, 2001 is the preparation to run cement plugs after electric wireline logs demonstrated that there was not any significant hydrocarbon accumulations in the Birdrong Sandstone Reservoir.

It is planned to mobilise the DCA Rig No 6 from the Brooke No 1 well Location to the Tess No 1 location.

The company has reached agreement to purchase the New Celebration Gold Project ("New Celebration") from Newcrest Mining Limited, effective close of business June 30, 2001.

Hill 50's Managing Director, Peter Cook said "The Company has been quite stagnant for the last two years whilst it focussed its attention upon the revival and expansion of its Mt Magnet Gold Project into a profitable and long-life gold producer. The Board has been certain not to cripple the Company with debt through this phase and has managed to achieve the results at Mt Magnet without the Company incurring any debt."

The acquisition of New Celebration adds to Hill 50's Mt Magnet operations, currently producing at 200,000oz per annum and further compliments the Company's growth strategy that has seen it pick up the advanced Maud Creek Gold Project in the Northern Territory and a substantive exploration project at Golden Grove in the previous 6 months.

The purchase price is $10 million plus adjustments for stores, consumables and gold outside of normal levels. A royally of A$10/oz on all production above 400,000oz from the tenements and a contingent payment of $1million dollars for each new discovery with an ore reserve greater than 250,000 oz is also payable to Newcrest. The acquisition will be funded by debt.

Kalrez is pleased to announce that the second and final shipment of drilling equipment and support equipment has today (29 June 2001) arrived at the Bula Oilfield. Unloading of the Contract Drilling Rig and other equipment is proceeding. Kalrez is now in a position to commence its drilling and workover programme of the Bula Oilfield.

Ranger Minerals wishes to announce that it advised Coronation International Mining Corporation on June 28 of its withdrawal from the Essakan Joint Venture in Burkina Faso established by Letter Agreement on 21 September, 2000. Although an extensive drilling campaign confirmed that the deposit contains in excess of 1 million ounces of gold, our economic evaluation of this resource concluded that under the various development scenarios envisaged it did not meet Ranger's economic criteria at prevailing gold prices.
Approximately A$3.2 million was expended on this evaluation, but under the terms of the Agreement Ranger has earned no interest in the property.

Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a depth of 3,954 metres, and drilling ahead.

Directional drilling towards the primary objective and horizontal well section will commence at 3,980m. The well will be drilled to a measured depth of 4557 metres. A horizontal well bore of up to 300 metres in length between 4257 - 4557 metres is programmed.

Eagle No 1 is the first well in the Eagle Oil Pool Development Project, a horizontal drilling project targeting potential recoverable reserves of up to 24 million barrels of oil and 62 billion cubic feet of gas.

Biddle Partners Pty Ltd changed its relevant interest in Wells Gold Corporation Limited on 08/06/2001, from 58,232,389 ordinary shares (15.41%) to 73,007,273 ordinary shares (11.20%).

The Renaissance Consortium increased its relevant interest in Western Metals Limited on 29/06/2001, from 121,277,648 ordinary shares (14.99%) to 138,935,281 ordinary shares (17.17%).

Electrometals Technologies Limited wishes to advise that despite considerable progress in its program of marketing and selling EMEW equipment, it will not attain its goal of booking $3.0 million in orders in the half year to 30 June, 2001. Confirmed orders in that period will be approximately $1.0 million, which includes 5 new commercial EMEW plants. The shortfall is entirely attributable to lengthy delays in obtaining several large potential orders, which we now believe will be placed in the next financial year. With respect to all of these orders, we have carried out successful laboratory and pilot plant trials, which have confirmed the superior performance of our EMEW equipment and its suitability in the target applications. And, in all these cases we are advised that the delaying of the orders reflects capital budgeting or funding constraints on the part of our customers.

The consequences of these delayed orders will be that Electrometals will not achieve its goal of break-even cash flows in the six months ending 30 June, 2001, and will record approximately $500,000. in accounting losses in that period after provisions for depreciation and amortisation (a considerable improvement over the $1,115,260 of losses recorded in the first half of the year).

In order to meet its operating cash requirements until adequate cash flows emerge from anticipated orders, Electrometals is arranging a $250,000. bank borrowing facility with National Australia Bank. This borrowing will be secured by a first fixed and floating charge against all the assets of the Company, and will also be secured by a guarantee provided by a family entity of the Executive Chairman of Electrometals. No other Company borrowings are contemplated.

Electrometals' management remains confident that the Company will achieve adequate operating cash flows in the near future, as well as strong growth in the near term. This belief reflects not only the many orders now being discussed with customers, but also the Company's widening marketing arrangements. A marketing and distribution agreement is currently under negotiation with an established distributor of water treatment and specialty chemicals in Santiago, Chile. This arrangement promises to rapidly open up the Chilean market to our EMEW equipment. Chile hosts a very large mining industry, based around base metals and precious metals, for which EMEW is already proven to be a superior extractive technology. Our equipment has not previously been marketed in Chile, or in any other South American country.

In the last week, the following developments occurred on QGC operated wells:

Berwyndale #1

Coring commenced.

Lawton # 2

Well logged and completed and desorbtion of the coal cores commenced.

Pinelands #2

Coring commenced. Well logged and completed and desorbtion of coal cores commenced.

Bellevue #1

Preparation for commencement of coring continued.

MuNulty #1

Well spudded and casing set in preparation for coring.

Broadwater #1

Well spudded and casing set in preparation for coring.

Lawton #1

Dewatering operations continued.

Avon Downs #1

Dewatering operations continued.

Berwyndale #1

Dewatering operations continued.

This is work being carried out pursuant to QGC's coring and pump testing programme announced on 1 June 2001.

The purpose of this programme is to better define the Coal Bed Methand gas resource contained in QGC's permit interests. The objective is to bring the CBM resource to the earliest possible commercial development.

Perth-based oil producer Amadeus Petroleum NL is on course to commence construction of Australia's first commercial "Biodiesel" plant in Perth later this year, through its 100% subsidiary - Australian Renewable Fuels Pty Ltd.
The plant will convert low-value tallow, a by-product of the livestock industry, into a high quality diesel fuel that is a direct substitute for traditional diesel made from fossil fuels.

ASX QUERY
We refer to the article appearing the Australian Financial Review dated 28 June 2001 entitled "Argosy in $800m joint-venture talks" in relation to Argosy Minerals Inc (the "Company"). The Article contains statements that the Company is in the final stages of negotiations with an international mining company to jointly develop an $800 million nickel mine and processing plant in New Caledonia.

RESPONSE TO ASX QUERY
In response to your query dated 28 June 2001 the company is in discussions with a number of potential joint venture partners.
The company cannot comment on the article that appears in the Australian Financial Review dated 28 June 2001 except to say that it does not expect to announce the finalisation of these negotiations in the near future.

Consolidated Minerals Ltd (ASX: CSM) has moved to diversify and expand its production base in a complementary area to its core manganese mining and export operations, today by finalising an option agreement to acquire the West Australian chromite producer Danelagh Resources Pty Ltd.

Under the terms of the purchase, Consolidated Minerals has an option to acquire 100% interest in Danelagh for $1.075 million and will also provide up to $2.00 million in fully secured loan funding. The acquisition will be internally funded from existing cash reserves.

The Company wishes to advise that in respect of the non-renounceable rights issue on one for six basis at 4 cents per share, the Closing Date of the Issue has now been extended to 12 July 2001.

The Company announces that the operations being conducted at the Brooke No 1 Well located 3 kilometres south of the Rough Range Oil Field in EP41 (Part 3) Exmouth Gulf, as of 0600 hours on the 28 June, 2001 is pulling the drill string out of the well bore and preparing to run electric wireline logs. Total depth of the well was made at 1,168 metres at 2100 hours, 27 June 2001.

Hardman Resources NL provides the following progress report for the drilling of the Courbine-1A well offshore Mauritania.
Progress (24 hours to 14:00 hours WST 27 June 2001):
Current depth 3,195 metres. Completed widening hole from 12(1/4) inch to 17(1/2) inch (445mm) hole size and drilled from 3,025 metres to 3,190 metres depth. Preparing to run wireline logs.

Hydrocarbon Shows:
Hydrocarbon shows will be reported after wireline logs have been run and evaluated at the current well depth of 3,195 metres.

The Company executed formal contracts with London Mining Finance PLC in London overnight and has received the initial payment of $250,000.
As previously announced, London Mining Finance PLC will purchase a 50% interest in the tenements for $3 million, by making the following payments to Julia:

1. An initial payment of $250,000;
2. A second payment of $250,000, expected in 45 days;
3. A third payment of $1.5 million before 3lst December 200l; and
4. A fourth payment of $l.0 million before June 30th, 2002

The funds obtained through this arrangement will allow Julia to accelerate its drilling programme on already established resources and provide the funds to exercise the options to purchase certain mining Tenements from the Vendors and to complete the necessary Feasibility Studies.

The possibility of an equity investment in Julia is also being discussed.

SKARDON RIVER KAOLIN PROJECT PROGRESS REVIEW ON PLANT COMMISSIONING
Minerals Corporation Limited ('MSC') is pleased to announce that the plant pre-commissioning program is proceeding systematically and that sufficient investigative work has now been undertaken by the Skardon River Kaolin ('SRK') engineering team to provide assurance that the plant is capable of producing a range of high grade Kaolin products.

This morning at 6.00 am Eastern Standard time the Spring Grove No 2 well was at 1270 meters and drilling ahead.
The Total Depth of the well is estimated to be 1970 meters.

The prospect has the potential to hold between 3 - 6 billion cubic ft of gas and if commercial gas is encountered some condensate and LPG could be expected.

The Spring Grove Prospect is 2.5 kms from a gas pipeline. Mosaic Oil will pay 70% costs of the well for a 77.5% interest and private interests are paying 30% of the costs of the well.

Oil Company of Australia Limited advises that:
Dalwogan No 01, a coal seam methane exploration core hole, is situated approximately 750 metres east north east of Dogwood 01, latitude 26 deg 41 min 13.65 sec south, longitude 150 deg 09 min 51.81 sec east. The well was spudded at 07:00 hours on June 10, 2001. 168 mm surface casing was set at 96.0 metres RT. The well reached a total depth of 585 metres RT at 21:30 hours on June 22, 2001. The well was plugged and abandoned, and the rig released at 14:00 hours, on June 26, 2001. Progress for the week was 165 metres.

Oil Search reports that the Moran-6 well, an appraisal/development well in the Moran Central oil field, is preparing to sidetrack at 887 metres.

During the week, the well was drilled from 985 metres to the casing point at 1,209 metres. Prior to running casing, the drill string was stuck in the hole. After working the stuck pipe, it was decided to plug-back and sidetrack. The forward programme is to redrill the base Darai section and run 13(3/8)" casing.

The Moran-6 well is located in PDL 5 and is being drilled from the Moran-4 well pad as a deviated hole to a bottom hole location approximately 1.5 kilometres north-west of Moran-4, having a planned total measured depth of 4090 metres.

This well forms part of the Moran Central development and will provide important structural and production information on the possible extension of the field to the north-west of Moran-4. It is anticipated that the well will add between 7,000 and 10,000 BOPD to the existing production capacity of this field.

Oil Search's interest in PDL 5 is currently 52.50%. The other participant is ExxonMobil (47.50%). The PNG Government has an option to acquire, or be carried for, up to 22.5% interest in PDL 5, which is currently subject to regulatory process. Our interest in the current production from the Moran Central field is approximately 49%.
The Company's share of the drilling costs for Moran-6 is 41.08%, which equates to our unitised interest in the Moran Central Development.

Moran-6 is the second well of a 6 well contracted programme that will address production potential at Kutubu and Moran Central, as well as test the Bakari feature in PPL 138. The first well, IDT20, in the Kutaba held was successfully brought on production in May and is presently producing over 4,000 BOPD.

Moran-6 will be followed by the Bakari-1 exploration hole in PPL 138 (Oil Search 52.5%), with the contracted programme continuing with further Moran Central and Katubu development and appraisal drilling.

PROSPECTUS - An Offer of 15,000,000 Shares at an issue price of 20 cents each and 7,500,000 attaching Options, payable in full on application to raise $3,000,000.
The Offer is subject to approval of a general meeting of shareholders of the Company to be held on 6 July 2001.
Underwriter to the Offer - ABN Amro Morgans Corporate Limited

Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a depth of 3,852 metres in new sidetrack hole, and drilling ahead.

Directional drilling towards the primary objective and horizontal well section will commence at 3,980m. The well will be drilled to a measured depth of 4557 metres. A horizontal well bore of up to 300 metres in length between 4257 - 4557 metres is programmed.

Cullen Resources Limited ("Cullen") is pleased to announce that the Company has received a very positive response from shareholders to its invitation to participate in a Shareholder Share Purchase Plan ("Share Plan"), details of which were announced to the Australian Stock Exchange on 17 May 2001.

Under the Share Plan, which closed on 19 June 2001, the Company received applications from 502 shareholders for a total of 48,353,130 new ordinary shares, raising a total of $822,000.

The high level of take up by shareholders under the Share Plan means the Company is well positioned to accelerate testing of several of its key projects, thereby maximising its chances for further exploration success.

As reported separately to the ASX, a program of coal coring and dewatering of the Walloon Coals is in progress at several of QGC’s Surat Basin projects. The objectives of this program are to assess the extent of dewatering that will be required to release potentially commercial quantities of coal bed methane (CBM) from the water saturated coals; and to measure the actual gas content and permeability of the coal.

While the program is still in an early stage, the initial results have been very encouraging and warrant an interim report to shareholders.

Dewatering

Pumps have been installed at Lawton-1, Avon Downs-1 and Berwyndale-1 and have been in operation in these wells since June 16. The initial focus has been to measure the water inflow from the coal and the coals are not yet dewatered. However the early reduction in water pressure caused by this pumping has already resulted in the release of gas from the coal at Avon Downs and Berwyndale, which is now free-flowing to surface.

Facilities are being installed at each location to measure accurately the gas flow rate. These rates will be reported progressively as dewatering proceeds.

Additional pumps have been installed at Trafalgar-1, Ridgewood-1 and Aberdeen-1.

Core Testing

Cores have been cut from Lawton-2 and Pinelands-2. The coal from these cores has been separated and is presently subject to desorption testing to measure the gas content. The initial results have demonstrated that the core contains substantial quantities of gas and that the coal exhibits high permeability. These are critical technical prerequisites for a successful CBM development.

It is anticipated that quantitative core data will be available over the next several weeks.

Further cores are to be cut at Berwyndale-2, Bellevue-1, McNulty-1 and Broadwater-1

The Directors of Amadeus Petroleum NL intend to initiate a 'minimum holding share buy-back' of unmarketable parcels of shares held by shareholders.

Preparations are continuing for a resumption of drilling in the Thrace Joint Venture anticipated in August 2001. Drilling is timed to start after commissioning of the Gocerler pipeline. Details will be announced when available.
Evaluation of exploration data has continued over much of the basin and in Amity's 100% owned licences.

Construction of the pipeline from the Gocerler gasfield to Misinli industrial area, in the Republic of Turkey, is nearing completion.

TOWER Trust Limited became a substantial shareholder in Arc Energy NL on 23/06/2001 with a relevant interest in the issued share capital of 8,905,215 ordinary shares (6.50%).

The Company would like to clarify an announcement made today by Conquest Mining Limited in regard to the Company's rights to earn an interest in Lower Smoke Creek tenements. The announcement by Conquest was incorrect. The correct position is as follows:

i) under the farm-in and joint venture agreement dated 1 June 2000 the Company has an obligation to issue to Conquest and others 4 million fully paid ordinary shares in Astro which took place on 2 May 2001;

ii) during the period commencing 1 May 2000 to 30 April 2002 the Company is required to expend $600,000 on pre venture activities which has taken place; and

iii) to earn a 51% interest, incur expenditure of not less than $5.6 million on pre venture activities or fund the completion of a bankable feasibility study by 30 April 2005.

The Company reiterates that the announcement by Conquest is not correct as the Company does not have to spend $5.6 million within 2 years to earn its interest.

Conquest Mining announced that a major sampling program has now begun on the company's Lower Smoke River tenements in the East Kimberley, which are highly prospective for diamonds.

Gavin A Redmond became a substantial shareholder in Central Kalgoorlie Gold Mines Limited on 13/06/2001 with a relevant interest in the issued share capital of 20,000,000 ordinary shares.

Devonport Pty Ltd became a substantial shareholder in Central Kalgoorlie Gold Mines Limited on 13/06/2001 with a relevant interest in the issued share capital of 10,550,000 ordinary shares.

Lu Management Pty Ltd, Lu Superannuation Fund and Chung-Tao Lu became a substantial shareholder in Minerals Corporation Limited on 06/06/2001 with a relevant interest in the issued share capital of 9,575,250 ordinary shares (6.46%).

ShieldTel subsidiary Leo Shield Exploration Ghana Ltd ("Leo Shield") has entered into an agreement to sell the Mpesetia concession in Ghana for US$500,000 plus a royalty. Leo Shield and ShieldTel are also in the final stages of negotiating the sale of their interests in the Abore Mining Company Ltd, the owner of the Abore Mining Lease in Ghana to a Ghanaian mining company.

In preparation for the proposed spin-off of ShieldTel's mineral assets in to Okore Mining Limited ("Okore") Leo Shield has acquired interests in two tantalum prospects. It has entered into a joint venture agreement to explore and develop the Akim-Oda tantalum project in Ghana, and has applied for an adjoining 340 square km reconnaissance licence which is prospective for alluvial tantalum and diamonds.

These transactions will change the nature of ShieldTel's previously announced spin-off of its mineral assets into Okore, since should all of the transactions proceed:

Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a depth of 3,752 metres in new sidetrack hole, and drilling ahead. The sidetrack has now bypassed the downhole obstruction at 3,744m, and attempts will be made to re-enter the original hole, or otherwise continue with the new sidetrack towards the primary objective and horizontal well section.

The well will be drilled to a measured depth of 4557 metres. A horizontal well bore of up to 300 metres in length between 4257 - 4557 metres is programmed.

The Renaissance Consortium increased its relevant interest in Western Metals Limited on 25/06/2001, from 109,681,648 ordinary shares (13.56%) to 121,277,648 ordinary shares (14.99%).

The Company believes there is an increasing market awareness of the Company's potential and value as progress is made with mineral sands joint venture and technology development.

Tantalum Australia Pty Ltd ("TA") has maintained a high level of exploration, project acquisition and development activity over the last three months. Preliminary RC drilling programmes have been completed at Binneringie, Dalgaranga (Niobe prospect) and Walwa, whilst a new project has been acquired at Mt Deans. Results from all the projects have been very encouraging and reinforces the company's objective of establishing significant open pitable resources in each area. The objective at each of the three advanced projects is to define at least one million pounds of contained Ta(2)O(5) with an average minimum resource grade of 150g/t.

Resource definition RC drilling will recommence next week at Binneringie and then at Dalgaranga during July. Resource models are being constructed for all three projects and will be supplemented by the additional drilling.

NEW ZEALAND - PEP38719, TARANAKI BASIN, BLIGH INTEREST: 5.00%
Bligh Oil & Minerals reports that the Kauri-1 is currently tripping for a bit change at 3,707 metres, prior to drilling ahead to the proposed target depth of 4,500 metres.

Bligh holds a 5% interest in PEP38719 and the Kauri well through its wholly owned subsidiary, Marabella Enterprises Limited. The other permit holders are Swift Energy New Zealand Ltd (Operator, 90%) and Antrim Energy, Inc (5%).

Hegford Pty Ltd became a substantial shareholder in Canning Energy Limited on 19/06/2001 with a relevant interest in the issued share capital of 2,142,874 ordinary shares (5.3%).

Cue Energy Resources Limited (Cue) announces that at 6am on 25th June 2001 the Oyong-2 well in the Sampang PSC offshore East Java, was at 906 metres and preparing to cut the first of three cores. The top of the Mundu limestone was penetrated at 850 metres, 33 metres high to prediction. Good gas shows were encountered from 850 metres to the current depth of 906 metres. The 16" casing was set at 650 metres.

Drillsearch Energy Limited ("Drillsearch") advises that its listed Canadian subsidiary, Circumpacific Energy Corporation ("Circumpacific") (55% owned by Drillsearch) has earned into Drillsearch's Talbot Lake shallow gas production property in Northern Alberta, Canada.

Talbot Lake is located 170 kms north/east of the town of Peace River. Gas production from Talbot Lake is currently 500,000 cubic feet per day (500 mcf/d).

The strategy at Talbot Lake is to hold it 100% within the group and to develop a significant shallow gas producing property. This will balance Circumpacific's involvement in deep, high impact gas exploration projects which are being pursued with Talisman Energy Inc at Lambert and Shell (Canada) Inc at north Ricinus, West Central Alberta.

The Company announces that the operations being conducted at the Brooke No 1 Well located 3 kilometres south of the Rough Range Oil Field in EP41 (Part 3) Exmouth Gulf, as of 0600 hours on the 26 June, 2001 is the drilling ahead in 8(1/2") hole at a depth of 1085 metres in the Windalia Radiolarite.

The Brooke No 1 well programme is then designed to drill 8(1/2") (216mm) hole to a total depth of 1195 metres. The Top of the Birdrong Sandstone reservoir is prognosed at 1135 metres.

LANGFORD 25 #3H-TXV HORIZONTAL, HARDEMAN COUNTY, TEXAS
Operations are continuing on the Langford 25 #3H-TXV well in Hardeman County texas using Paterson Rig #33. The well is preparing to kick off at 5,053 feet after a delay in setting a new cement plug and waiting on cement to dry.

Plans call for the Langford "25" well (drilled by Ensearch in 1984) to be re-entered and a new hole to be directionally drilled to a kick off point in the lower Chester for a high angle horizontal drain hole in the Upper Chappel.

Barrick Gold Corporation and Homestake Mining Company (NYSE: HM) today announced plans to merge, creating a new leader in the gold industry -- both in quality and scale. The combined company is expected to have a market capitalization of US$9 billion, double that of the nearest competitor. It will be the second largest gold producer with the lowest cash costs of any major producer and have approximately US$900 million in cash. The merged Company's earnings and cash flow are expected to be the highest in the industry.

RIGHTS ISSUE PROSPECTUS - For a non-renounceable rights issue of approximately 13,670,807 Options to be issued at a price of one (1) cent per Option on the basis of one (1) Option for every three (3) Shares held as at 5.00pm (WST) on 4 July 2001 to raise approximately $136,708.
The Offer is underwritten by: Zurich Bay Holdings PTY LTD

Portfolio Partners Limited decreased its relevant interest in Oil Search Limited on 22/06/2001, from 54,045,338 ordinary shares (9.38%) to 48,075,720 ordinary shares (8.33%)*.
* Based on issued capital of 127,934,535 fully paid ordinary shares

Oxiana Directors are pleased to advise that the General Offer which opened on 8th June 2001 to raise up to $3 million through the issue of 25 million shares has closed oversubscribed.

The offer price for each share was 12 cents. Each two shares taken up entitle the subscriber to one attaching option convertible into an ordinary share at an exercise price of 25 cents by 30th September 2002.

The funds raised are to be applied to the Sepon Bankable Feasibility Study and a scheduled payment to Rio Tinto.

RIGHTS ISSUE
The closing date for the Rights Issue remains unchanged with acceptances to be received by the closing date of 28 June 2001.

ROC Oil Company Limited (ASX: ROC) ("ROC") today announced that it will not extend or amend its offer for common shares of Gulfstream Resources Canada Limited (TSE: GUR) ("Gulfstream") and that it will allow its extended offer to expire on Tuesday, July 10, 2001, at 6:00 pm Calgary time.

Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a depth of 3,684 metres in new sidetrack hole, and drilling ahead. The sidetrack will bypass the downhole obstruction at 3,744m, then either re-enter the original hole or continue with the new sidetrack. Directional drilling will then recommence towards the primary objective and horizontal well section.
The well will be drilled to a measured depth of 4557 metres. A horizontal well bore of up to 300 metres in length between 4257 - 4557 metres is programmed.

Woodside Petroleum Ltd, Operator of the Mauritania, Area B Joint Venture, reports that the Courbine-1A ST1 well was drilled to a depth of 3195 metres in a 12(1/4) inch hole.

Wireline logs and fluid sampling have been completed. The well has been suspended with a 7 inch suspension liner. The current operation is waiting on weather to allow abandonment operations to proceed before releasing the rig.

The boards of directors of Beaconsfield Gold NL and its subsidiary companies Beaconsfield Gold Mines Pty Ltd, Beaconsfield Operations Pty Ltd and Beaconsfield Tasmania Pty Ltd have resolved to ask BankWest to appoint a receiver to those companies. In the opinion of the boards of directors, the companies are unlikely to be able to meet their ongoing financial commitments.

RECENT EVENTS

Week commencing 21 May 2001

Beaconsfield Gold was due to pay approximately $1.3 million in interest (six monthly payment) to its banker, BankWest, by 25 May 2001. Due to poor gold production receipts during May from the company's share of the Beaconsfield Mine Joint Venture (BMJV), Beaconsfield Gold was only able to pay approximately $0.75 million, leaving approximately $0.55 million outstanding.

Week commencing 28 May 2001

Beaconsfield Gold put forward another proposal to merge Allstate and Beaconsfield Gold. In the proposal, Beaconsfield Gold was to make an agreed scrip takeover offer for Allstate to move to 100% ownership of the Beaconsfield mine, and the bankers to the two companies were to jointly syndicate the debt facilities with the new Beaconsfield Gold.

On 1 June 2001, Beaconsfield Gold paid a further $50,000 to BankWest towards the outstanding interest bill, reducing it to approximately $0.5 million.

Week commencing 4 June 2001

Beaconsfield Gold were brought up to date with the activities and financial position of the BMJV by the manager, Allstate Explorations NL (Allstate), at a BMJV committee meeting on 7 June 2001.

On 8 June 2001, the directors of Allstate announced that Allstate was being placed in voluntary administration.

Week commencing 11 June 2001

The administrator of Allstate assumed management of the BMJV and issued a cash call under the Joint Venture that is due for payment on 6 July 2001.

Beaconsfield Gold reviewed its cash position going forward and proposed to BankWest that Beaconsfield Gold shareholders be asked to participate in a non-renounceable rights issue.

Week commencing 18 June 2001

BankWest served notices of default and demand for outstanding monies under the BankWest facilities on the Beaconsfield Gold group companies. If payment was not made in accordance with the notices or Beaconsfield Gold indicated that it could not repay the amount owing to the bank, the bank's intention was to appoint a receiver to Beaconsfield Gold.

Beaconsfield Gold proposed to BankWest that, in addition to a rights issue, Beaconsfield Gold seek sufficient loan funds from third parties by 6 July 2001 to stabilise the company's position in the BMJV and to repay the outstanding interest owed to BankWest.

Beaconsfield Gold continued to investigate ways of attracting the loan funds required late in the week and over the weekend, but without sufficient success.

FUTURE OF THE BEACONSFIELD MINE

Beaconsfield Gold considers that a likely scenario going forward is that a financially strong, experienced mining company purchases 100% of the Beaconsfield gold mine. In that case, the future of the mine will be secure under strong operating management and the potential to extend the life of the mine and locate additional orebodies on the Beaconsfield exploration tenements will be enhanced.

The company remains convinced that, well managed, the mine will be highly profitable and will continue to operate and provide employment and economic benefits to the Tasmania community. The board has played a significant role in the development of the mine over many years. Several directors have been associated with the project's progress since late 1979.

The directors have received gratifying support from various shareholders and others over the last several weeks and would like to record their appreciation of that support.

SUSPENSION OF TRADING

The company has requested the continued suspension of trading in the securities of the company, in accordance with the listing rules.

Cullen Resources Limited ("Cullen") is pleased to announce that it has concluded a three year Option Agreement with Goldfields Exploration Pty Ltd to acquire the Red Hill West tenement (E08/1135) ("Red Hill") situated immediately south-east of Cullen’s Yanks Bore Project located 1100 km north of Perth in the Ashburton region of Western Australia.

The Agreement provides Cullen with exclusive rights to explore the 131 km² Red Hill property for a period of three years and Cullen can exercise its option to purchase 100% of the tenement at any time within that period for a modest cash consideration plus a royalty on any future production.

The Red Hill Option significantly enhances Cullen’s strategic position in the Yanks Bore district. The Yanks Bore Joint Venture (Cullen earning 65%) covers the Hunter Zone, a north-north-west trending structural zone marked by silicification and extensive gold soil anomalies.(Figure 1). The Zone at the Aberfoyle Knoll prospect has returned an average of 3.5 g/t gold in rock chip samples collected over a width of 20m. The Yanks Bore tenement covers 12.4 km of the Zone and the Zone also extends southwards into the Red Hill tenement. The option to acquire Red Hill gives Cullen access to a total of 25 km of the Zone, effectively doubling Cullen’s exposure to this highly prospective target.

Cullen also advises that it completed the first drill test of five targets in the Yanks Bore Joint Venture area and one target in the Red Hill area on June 23, 2001. The preliminary program of 11 holes, (totalling 630m of percussion drilling) consisted of five holes at the Aberfoyle Knoll prospect, two holes at the Cummins Hill prospect and one hole at each of the Aberfoyle North, Aberfoyle South, Fig Tree Ridge and Marshall Find prospects.

All 11 holes intersected zones of silicified and chloritised dolomite with 10-15% quartz veining over widths of 5 to 15m downhole. The intersections are inferred to be down dip extensions of the outcropping zones of silicification which are anomalous in gold. Assays of 4m composite samples are currently awaited.

For additional information, including maps, click here.

Golden Star Resources Ltd ("Golden Star") is pleased to announce that a number of key milestones have been achieved towards the finalization of its acquisition of the Prestea Property in Ghana, immediately south of and adjacent to the Company's operating Bogoso gold mine.

Coal bed methane (CBM) drill hole Dundee-1 reached total depth 320m on 23 June 2001. The well intersected several gas bearing zones in the Walloon Coal Measures.

The results substantiate potential for economic coal bed methane production in the Walloon Coal Measures in ATP 676P. High permeability indicated by water flows of 2,400 barrels per day support the potential for high gas flow rates on pumping and dewatering of the coal seams (standard CBM production techniques).

Auridiam's Technical and Industrial Operations have contributed significantly to the rebuilding of the Company during the year as Auridiam continues to search for a commercial diamond operation, with an immediate focus on the Ellendale Diamond Field in NW Australia.

Sales revenues from these operations have grown by greater than 100% over the past 2 years, since Recom Engineering was acquired as part of Auridiam's technical and industrial asset group on 1 July 1999.

It is also pleasing to advise that technical and industrial sales from the second half of the financial year ending 30 June 2001 are expected to exceed those for the first half of the year.

At 0900 hours on June 25 the Balnaves-1 well in PEL32 in the Otway Basin, South Australia, was drilling ahead at 2785mMD in gas shows, towards a total depth of 2921m. DST1, which tested approximately the top 10m of the Pretty Hills Sandstone indicated that that part of the formation was tight. The well was then drilled ahead while still recording good gas shows and an 18m core was cut and recovered from the interval 2745-2472m.

A drilling program would commence as early as July on the Company's Round Top Hill tenements following the granting of an exploration licence over the area.

Previous work carried out on the tenements in joint venture with Goldfields Limited identified nickel results of 4 metres @ 1.56% within an intercept of 18 metres grading 0.57% from 24 metres depth to the end of hole RTRB 24, and 4 metres of 0.46% from 8 metres depth in hole RTRB 24, using shallow RAB drilling methods. The planned follow up RAB drilling program, to a greater depth than previous work, is designed to test the extent of potential nickel sulphide mineralisation at Round Top Hill.

Bullion has also completed its second round of RC/diamond drilling on its Mt Day tenements. While the target sulphide zone was intersected, the Company reported that no significant nickel results were obtained from these holes.

However, some gold mineralisation was encountered, including 1 metre at 1.29 g/t from 227m and 1 metre at 1.11 g/t from 233m, both in hole MDRD 01, and the Company intends to carry out more work on the prospects to fully evaluate their potential.

The Directors of Consolidated Minerals Limited ("Company") advise that the Company has successfully completed its on-market buy back for 5% of its ordinary fully paid shares.

Your Independent Directors Recommend That You
REJECT
The Iluka Offer To Acquire All Your Shares In Consolidated Rutile Limited

The operations being conducted at the Brooke No 1 Well located 3 kilometres south of the Rough Range Oil Field in EP41 (Part 3) Exmouth Gulf, as of 2400 hours on the 24 June, 2001 is the drilling ahead in 8(1/2)" hole at a depth of 1015 metres in the Lower Gearle Siltstone. Slow drilling has resulted in a drill bit change.

Equinox Resources Limited ("Equinox") announces that Billiton Sweden Resources B.V. and Billiton Exploration Australia Pty Ltd (collectively "Billiton") will proceed to the next stage of the alliance to explore for Iron Oxide Copper-Gold deposits in Sweden.

The principle components of the Norrbotten Alliance announced on 3 July, 2000 included:

(1) The subscription by Billiton for 10,000,000 shares in Equinox at A$0.15 per share, raising A$1,500,000 for Equinox.

(2) Billiton had an Option exercisable by the 30 June, 2001 ("Option Date") under the terms of the Norrbotten Joint Venture Agreement by which:

Exco Resources NL announced today that Rio Tinto has commenced diamond drilling of two electro-magnetic (EM) anomalies at its Cunyu Joint Venture, located approximately 80 kilometres northwest of Wiluna in Western Australia.

Rio Tinto recently completed a ground EM survey, confirming discrete anomalies identified by a wide-spaced (500 metre) airborne EM survey over the areas targeted by magnetic and rock chip geochemistry anomalies.

The primary target is magmatic hosted nickel-copper-PGM's in massive sulphides associated with interpreted major feeder zones proximal to mafic intrusive bodies.

Hardman Resources NL provides the following progress report for the drilling of the Courbine-lA well offshore Mauritania.

Progress (72 hours to 14:00 hours WST 24 June 2001):

Current depth 3,195 metres. Drilled sidetack hole in 12(1/4) inch (311mm) hole size from 2,661 metres to 3,195 metres depth. Preparing to run wireline logs, prior to widening hole to 17(1/2)inch (445mm) hole size and running and cementing 13(3/8) inch (340mm) casing to 3,195 metres depth.

Heron Resources Limited ("Heron") wishes to advise that it intends to spin-off its gold exploration assets by seeking to list the shares in its wholly owned subsidiary Avoca Resources Limited ("Avoca") on ASX.
The proposal will:

* Enable more appropriate resources to be devoted to the development of the gold assets,
* Allow Heron a greater focus upon the Goongarrie Nickel Project.

The directors of Molopo Australia NL wish to announce preliminary production results from the Harcourt #1 and Mungi #1 coalbed methane wells in ATP564P, Bowen Basin, Queensland.

The Harcourt #1 well was producing at a rate of 317,000 cubic feet of gas per day before increasing wellbore water levels associated with pump inefficiency temporarily hampered testing. Testing has now resumed.

The Mungi #1 well is currently producing at a rate of 113,000 cubic feet of gas per day.

Gas production from both wells is expected to increase as the water levels are further drawn down with continued pumping. At this point in time these well results are highly encouraging.

Mosaic Oil spudded a well called Spring Grove No 2 on Sunday morning 24th June 2001 at 2.00 am.
At 6.00 am Eastern Standard Time today, the well was at 215 meters and the primary casing was being set.

The Total Depth of the Spring Grove well is estimated to be 1970 meters. The prospect has the potential to hold between 3 - 6 billion cubic ft of gas and if commercial gas is encountered some condensate and LPG could be expected.

The Spring Grove Prospect is 2.5 kms from a gas pipeline. Mosaic Oil will pay 70% costs of the well for a 77.5% interest and private interests are paying 30% of the costs of the well.

Portfolio Partners Limited increased its relevant interest in Oil Search Limited on 22/06/2001, from 48,075,720 ordinary shares (8.33%) to 54,045,338 ordinary shares (9.38%).

Maple-Brown Abbott Limited decreased its relevant interest in Origin Energy Limited on 21/06/2001, from 46,039,858 fully paidordinary shares (8.02%) to 40,006,490 fully paid ordinary shares (6.99%).

Results received from broad spaced scout drilling completed over 400 metres of strike extent to the west of the main Khanong resource have identified additional near surface high grade copper mineralization.

BETTER RESULTS INCLUDE:
KHN181 31m @ 3.8% Cu from 3m
KHN182 l7m @ 1.2% Cu from 1m
KHN185 19m @ 4.3% Cu from 31m

These holes confirm the existence of westerly extensions to the high grade copper oxide and chalcocite zones and highlight potential for additional copper resources in this area

Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a depth of 3,608 metres in new sidetrack hole, and drilling ahead. The sidetrack will bypass the downhole obstruction at 3,744m, then either re-enter the original hole or continue with the new sidetrack. Directional drilling will then recommence towards the primary objective and horizontal well section.

The well will be drilled to a measured depth of 4557 metres. A horizontal well bore of up to 300 metres in length between 4257 - 4557 metres is programmed.

At Tsumkwe brecciated and altered rocks probably belonging to the early Proterozoic (late Archaean?) Grootfontein Metamorphic Complex were discovered during regional diamond exploration. The pre-Damaran Grootfontein Complex comprises a broad range of rock types including sediments/schists, intermediate to mafic volcanics and gneissic to undeformed granitoids.

Follow-up mapping over an interpreted fold closure at least 5km in length has revealed brecciation/shearing and alteration in sparse surface float material throughout the area.

Petrographic assessment of rock samples has confirmed that an early brecciation/shearing event has been overprinted by metasomatism which has introduced silica-chlorite-epidote and iron mineralisation.

The iron mineralisation is represented by magnetite-haematite-specular haematite-limonite and is considered encouraging for exploration for basemetals/precious metals. Copper oxide mineralisation has been noted in rockchips.

A soil sampling programme designed to cover the fold closure with 200 metre spaced lines and sample sites spaced from 25m to 50m apart along the lines is nearing completion. Ground magnetic surveys have also been carried out over the area of interest.

The aim of the soil sampling programme is to test for the presence of any base/precious metals mineralisation associated with the iron alteration. If positive results are returned, a percussion drilling rig currently on-site at Tsumkwe will be utilised to quickly drilltest any positive anomalies.

Orientation soil sampling work carried out during the March 2001 quarter has confirmed that auger sampling designed to intersect the calcrete horizon within the soil profile at Perrinvale is an effective geochemical sampling technique.

Accordingly, a modified Bobcat mounted auger sampling programme consisting of approximately 650 shallow holes has commenced at Perrinvale with the aim of infilling existing geochemical anomalies and closing down the regional geochemical line spacing.

For additional information, click here.

Following the trading halt in AGL shares requested by the Company yesterday and the announcement this morning by its 66% owned subsidiary, Natural Gas Corporation Holdings Limited (NGC), the Company is issuing this statement to clarify its profit expectations for year ended 30 June 2001.

AGL's Managing Director Greg Martin said, "As a consequence of NGC's announcement, we now expect the full year operating profit for AGL, before abnormals, to be approximately 10% below the net profit reported last year of $249 million. In addition, the Company expects an abnormal write down for the year ended 30 June 2001, in the order of $160 million".

At 1500 hours on June 22 the Balnaves-1 well in PEL32 in the Otway Basin, South Australia, had reached a depth of 2,720 metresRT and was preparing to run DST1 over the interval 2693 - 2720m after encountering good gas shows in the top of the primary objective, the Pretty Hill Sandstone.

Following the test, the well will be drilled to the proposed total depth of 2921m.

Cue announced that at 6am on 22nd June 2001 the Oyong-2 well in the Sampang PSC offshore East Java, was at 650 metres and running 16" casing. The 20" casing was set at 317 metres.
Oyong-2 is located approximately 125 metres north of the Oyong-1 discovery well and is designed to appraise the gas (110 metres) and oil (22 metres) accumulations penetrated in the Oyong-1 well and to drill the deeper Wonocolo and Ngrayong primary objectives that could not be reached in Oyong-1.

Perpetual Trustees Australia Limited increased its relevant interest in Delta Gold Limited on 20/06/2001, from 22,670,932 ordinary shares (8.50%) to 25,772,922 ordinary shares (9.65%).

The operations being conducted at the Brooke No 1 Well located 3 kilometres south of the Rough Range Oil Field in EP41 (Part 3) Exmouth Gulf, as of 2400 hours on the 21 June, 2001 is the drilling ahead in 8(1/2)" hole at a depth of 961 metres in the Lower Gearle Siltstone.

The Brooke No 1 well programme is then designed to drill 8(1/2)" (216mm) hole to a total depth of 1195 metres. The Top of the Birdrong Sandstone reservoir is prognosed at 1135 metres.

The WA Energy Minister, Mr Eric Ripper announced on the 21 June 2001, seven separate groups of companies had been short listed to generate power for Exmouth. Empire Oil & Gas NL and MAN B & W Diesel Australia are one of the short listed groups for the power procurement process for the Exmouth Region.

Hardman provides the following progress report for the drilling of the Courbine-1A well offshore Mauritania.
Current depth in sidetrack hole 2,661 metres. Placed cement plug from 2,900 metres to 2,600 metres. Commenced drilling sidetrack hole at 2,603 metres in 12(1/4) inch (311 mm) hole size. Drilled sidetrack hole to 2,661 metres depth.

Preliminary assays for composite drill samples from the first 17 drill holes at Labelle have been received today. Most encouraging were strong results from the previously reported pegmatite located beneath soil cover NE of the main Labelle pegmatite. The Eastern margin of this zone has recorded a 9 meter intercept of 2230 ppm Ta (over 4 Ibs Tantalum per Tonne) from 39m to end of hole 48m (including 3m at 6300 ppm Ta Per tonne). This hole was inclined 60 degrees to the horizontal and appears to be across a vertically dipping body.

Portfolio Partners Limited decreased its relevant interest in Lion Selection Group Limited on 21/06/2001, from 8,542,904 ordinary shares (8.53%) to 7,498,179 ordinary shares (7.49%).

The Molopo Tullymorgan # 1 well reached target depth of 1041 metres on June 19, 2001. The well was drilled to test the coalbed methane potential of the Walloon Coal Measures as well as the conventional gas potential in the quartz sandstones of the underlying Koukandowie Formation.

In total, 23 core samples from the Walloon Coal measures were taken containing an estimated 11 metres of included coal. The samples are currently on desorption test to analyse the gas content and its composition. Testing of the core samples is expected to take several months. Initial testing indicates that the methane content is high but that the permeability is low. Preliminary analysis of core samples and electric logs indicate the conventional gas potential of Koukandowie Formation in this particular area of the permit is low.

Golden Prospect Plc increased its relevant interest in Perilya Limited on 21/06/2001, from 17,206,535 fully paid ordinary shares (17.01%) to 19,102,324 fully paid ordinary shares (18.88%).

The Board of Resolute Limited ("Resolute") is pleased to announce a proposed reorganisation that simplifies its corporate and capital structure and unifies the interests of all shareholders under a single class of share.

In summary, a new company, Resolute Mining Limited ("RML"), will be established as the new holding company for the Resolute group of companies. Under the restructure RML will acquire the whole of the Ordinary Shares and $2.00 Converting Preference Shares currently on issue in Resolute in exchange for the issue of new ordinary shares in RML. Resolute will then become a wholly owned subsidiary of RML and RML will at the same time apply for quotation and admission with the Australian Stock Exchange.

Santos Ltd, as operator of the Moomba Gas Plant, and on behalf of the South Australian Cooper Basin Producers, provides an update on the status of the reinstatement of the Liquids Pumping Station following the incident that occurred on 16 June 2001.

STATUS

* The Moomba complex is currently producing at about 85% of its overall normal physical capacity, as detailed below.

* The incident has not effected gas production and supply from the Moomba complex, which is currently processing around 700 terrajoules per day gross (120,000 barrels of oil equivalent or boe).

* Production of condensate remains at normal levels (approximately 10,000 barrels per day gross or 9,350 boe) and is being directed into storage facilities. Around 50% of daily condensate production is being trucked to the Jackson facility in southwest Queensland for transport to Brisbane through the Jackson-Moonie-Brisbane pipeline.

* The supply of ethane recommenced on 19 June 2001 and is currently running at around 500-700 tonnes per day (5,000-7,000 boe), which is 60-70% of normal levels.

* South Australian oil production (usually around 8,000 barrels per day) remains shut-in.

* LPG production (usually 1,300 tonnes per day gross or 11,000 boe per day) continues to be redirected into sales gas or flared.

Investigations into the incident are ongoing, as is the assessment of the time required to fully reinstate the Liquids Pumping Station. Work has commenced on reinstatement of the permanent facilities.

Production of gas and oil in south-west Queensland has not been affected.

FORWARD PLAN
Progress is being made on the installation of alternative pumping facilities to allow for the export of oil and condensate to Port Bonython through the Moomba-Port Bonython pipeline.

Sun Resources NL ("Sun") wishes to update shareholders on development operations on the Eagle Oil/Gas Development, San Joaquin Basin, California, USA.

Current operations at 1600 hours WST (California) is making up directional drilling assembly to drill past obstruction in hole to get to bottom to resume drilling ahead to target.

The hole is currently at 4,046 metres and is in survey and is on track to be horizontal at target depth of 4,557 metres, which is expected in a few days after resuming normal drilling. A horizontal well bore of up to 300 metres is programmed in the reservoir target at final depth for subsequent testing.

The Directors are pleased to announce that the Company has arranged the placement of 10 million fully paid ordinary shares in the Company at 12 cents each to raise $1.2 million for working capital. The shares have been placed with institutional and other investors both overseas and in Australia.

Included in the $1.2m placement is 1.0 million shares to be issued to drilling company Grimwood Davies Pty Ltd for $120,000 of drilling services to be completed on the Company's project areas.

In addition to the major drill program currently being undertaken by Homestake Gold of Australia on the Company's Western Australian Tanami tenements, the funds raised will enable continuation of exploration programs on a number of the Company's 100% owned project areas including immediate follow-up programs on the Company's Harts Range Project where significant gold, platinum and palladium results from a rock chip sampling program at the Kongo Prospect were recently announced.

A follow-up program will begin next week to further test the Kongo Prospect and other anomalous areas which sit adjacent to the Florence Creek share zone which extends over some 80 kilometres within the Companys tenements.

Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a depth of 4,046 metres. The current operation is making up the directional drilling assembly to drill past the downhole obstruction. Directional drilling can then recommence towards the primary objective and horizontal well section.

The well will be drilled to a measured depth of 4557 metres. A horizontal well bore of up to 300 metres in length between 4257 - 4557 metres is programmed.

Well
Status Joint Venture Interests
(following completion of QGC farmin)

Berwyndale #2
Permit: ATP 632P (Surat Basin)
TD: Proposed total depth is 295m.
Objective: Core in the Walloon Coal Measures from252m.

Well spudded on 24.5.2001 and is currently at a depth of 252m and cased to that depth. Coring of the target coal seams below the cased interval will take place using a coring drilling rig. These operations are expected to commence around 27.6.2001.

Queensland Gas Company Limited
(Operator) 50%

Icon Energy Limited 50%

Lawton #2
Permit: ATP 695P (Surat Basin)
TD: Proposed total depth is 295m.
Objective: Core in the Walloon Coal Measures from 194m.

Well spudded on 5.6.2001. The coring rig has cored to a total depth of 297m. The well will be logged and completed. Desorption of the coal cores will continue.

Queensland Gas Company Limited
(Operator) 60%

Roma Petroleum NL 32%

Victoria Petroleum NL 8%

Pinelands #2
Permit: ATP 574P (Surat Basin)
TD: Proposed total depth of 300m.
Objective: Core in the Walloon Coal Measures at 250m.

Well spudded on 10.6.2001 and is currently at a depth of 239m and cased to that depth. Coring of the target coal seams below the cased interval will take place using a coring drilling rig. These operations are expected to commence on 22.6.2001.

Queensland Gas Company Limited
(Operator) 75.00%

Victoria Petroleum NL 18.75%

Australian CBM Pty Ltd 6.25% 6.25%

Belleuve #1
Permit: ATP 610P (Surat Basin)
TD: Proposed total depth is 220m
Objective: Core in the Walloon Coal Measures at 148m.

Well spudded on 17.6.2001 and casing has now been set at a depth of 146m. Coring of the target coal seams below the cased interval will take place using a coring drilling rig. These operations are expected to commence around 1.7.2001.

Queensland Gas Company Limited
(Operator) 50%

Icon Energy Limited 50%

For details, click here.

The Directors of Arrow Energy NL advise that at 5:00pm on 20 June 2001 Dundee-1 was at a depth of 226m.
In addition to the previously reported gas flows, the well has encountered further significant gas flows from unusually thick coal seams (2.5m thick from 184m and 11.5m thick from 209m).

Austral Coal has continued the fast track expansion program that will double production of its Tahmoor mine with the announcement today that it has secured funding of $7 million to enable acquisition of a new continuous miner and installation of a high capacity conveyor belt system to service the Tahmoor North longwall panels.

Development of Austral Coal's Tahmoor North and Bargo resources will ultimately double production to 3.2 million tonnes per annum and allow extraction of 42 million tonnes under the current mine plan to 2018 - with extensive in situ reserves beyond that.

Underground development of the first Tahmoor North longwall panel is planned to start in January 2002 with extraction of coal from this panel planned for January 2004.

AGL has signed agreements with Powerco Limited, the New Zealand based publicly listed infrastructure ownership and management company, for the sale of AGL's Hutt Valley and Porirua gas distribution network for NZ$118 million. This network, which AGL acquired in March 1999 for NZ$112 million, services approximately 26,000 gas consumers in the Hutt Valley region north of Wellington.

This release is not related to the trading halt sought by AGL this morning.
The trading halt is required as a result of today's press reports (in particular the Australian Financial Review) that AGL is facing an asset write-down of up to $150 million on its 66 per cent owned New Zealand subsidiary, Natural Gas Corporation Holdings Limited (NGC).

BHP announced that it had successfully acquired 98.2 per cent of the Class A subordinate voting shares (Class A shares) and 84.9 per cent of the Class B multiple voting shares (Class B shares) of Dia Met Minerals Ltd. (Dia Met), for C$21.00 per share. This offer price values Dia Met at A$813 million.

President BHP Minerals Ron McNeilly said: "The Ekati Diamond Mine(TM) continues to be a great success for BHP and we are delighted to increase our ownership in this asset.

Coal & Allied's interest in the Warkworth Mining Joint Venture has increased from 43.75% to 55.57% following the completion of Ticor's divestment of its 20% holding in the Joint Venture.

N M Rothschild Australia Holdings Pty Limited became a substantial shareholder in Centennial Coal Company Limited on 04/06/2001 with a relevant interest in the issued share capital of 5,693,749 ordinary shares (6.64%).

Australia's first ever Prospectus for a gold exploration and mining project with an ATO Product Ruling is now open for subscription.

The Prospectus issued by ARG Management Limited, part of the public listed Australian Rural Group, seeks to raise $25 million over 12 months to carry out a two year exploration program. The offer is for 5,000 Participations at $5,000 (plus GST). There are no ongoing fees and no over-subscriptions.

The Brilliant Gold Reef Project (the Project) constitutes a joint venture into a specific 3.25sqkm area at the heart of Australia's richest major goldfield in Charters Towers, North Queensland, Charters Towers Gold Mines Limited's (CTGM) minimum 60% interest in the joint venture is held by Gold Projects Pty Ltd, a wholly owned subsidiary.

Fourteen diamonds have been recovered from sands and gravels from fifteen metres of the Streak of Luck Tunnel at Mount Ross, Copeton. They were recovered in two samples, from about 100 metres along the tunnel and going progressively into the hill.

HIGHLIGHTS
* The estimate of combined gold resources at the Frog's Leg has increased substantially to 5.07 million tonnes grading 4.6 g/ (750,000 contained ounces) using a lower cut off grade of 1 g/t (previously estimate was 3.15 million tonnes grading 3.35 g/t for 339,000 contained oz);

* The new combined resource figures represent an increase of:
- 121% in contained metal (gold)
- 61% in tonnage, and
- 37% in average grade

* The quality of the resource has also improved substantially, with two thirds of the resource now reporting to the higher quality Measured and Indicated categories; (previously 100% of the resource was placed in the lower quality Inferred Resource category).

* The robustness of the resource is indicated by the fact that a combined resource of 1.63 million tonnes grading 8.9 g/t (468,000 contained oz) lies above a cut-off grade of 5.0 g/t

* The mineralisation is contained in 3 main zones (supergene, Contact Zone, and Quartz Lode) over a strike length of approximately 1,200 metres (1.2 km) and has been estimated to a maximum depth of 440 metres;

* Notwithstanding its size and tenor, the latest resource estimate is still an interim figure. The mineralised envelope is incompletely explored and remains open at depth and along strike, particularly in the northern and central portions of Frog's Leg;

The operations being conducted at the Brooke No 1 Well located 3 kilometres south of the Rough Range Oil Field in EP41 (Part 3) Exmouth Gulf, as of 2400 hours on the 20 June, 2001 is the drilling ahead in 8(1/2)" hole at a depth of 807 metres in the Lower Gearle Siltstone.

The Brooke No 1 well programme is then designed to drill 8(1/2)" (216mm) hole to a total depth of 1195 metres. The Top of the Birdrong Sandstone reservoir is prognosed at 1135 metres.

Initial rock chip sampling at the Westwood Palladium Prospect has returned anomalous values in palladium, platinum, copper and gold. Westwood is located 50 km south west of Rockhampton in central Queensland and 25 km west of the historic Mt Morgan Cu/Au Mine. Westwood lies within the recently granted Exploration Permit for Minerals (EPM) 13305 - Glengarry has 100% equity in this EPM that covers about 320 sqkm, except for two small Mineral Development Licences held by other parties.

BILLITON AND LAKE RESOURCES N.L. FORM ALLIANCE TO EXPLORE FOR COPPER AND OTHER BASE METALS IN SWEDEN

Billiton Development Far East BV and Billiton Arctic Resources BV (collectively “Billiton”), have entered into an alliance with Australia’s Lake Resources NL (“Lake”) to explore for iron oxide copper-gold and hybrid zinc-lead-silver base metal deposits in granted tenements in the Norbotten district of northern Sweden. Drilling of the identified targets is likely to be completed in the current field season.

The broad terms of the agreement are as follows:

Commenting on the agreement, David Whitehead, Billiton’s Chief Executive Exploration and Development, said, “Billiton believe that Lake’s well founded regional screening program in Sweden has generated base metal targets that are prospective for copper-gold and silver-lead-zinc deposits that warrant scout drilling. We look forward to working closely with Lake’s exploration management team to bring these projects to fruition.”

Downlands East was a new field discovery made in late January 2001 in Pl 119 Surat Basin, Qld.

An 800 meter spurline has been constructed and the well is now on-stream.

The initial production rate is 2 million cubic ft a day. Interests in the well are Santos (BOL) Pty Ltd 28.847% and Mosaic Oil 71.153%

Dalwogan No 01, a Coal Seam Methane exploration core hole, is situated approximately 750 metres east north east of Dogwood 01, latitude 26 deg 41 min 13.65 sec south, longitude 150 deg 09 min 51.81 sec east. The well was spudded at 07:00 hours on June 10, 2001. At 06:00 hours today the rig was coring ahead at a depth of 420 metres RT. 168mm surface casing was set at 96.0 metres RT. Progress for the week was 216 metres.

The primary targets of the well are the Upper and Lower Juandah coal measures.

Oil Search reports that the Moran-6 well, an appraisal/development well in the Moran Central oil field, was spudded at 1300 hours on Friday 15 June, 2001.
As at 0500 hours today, the well was at a measured depth of 985 metres, after setting 18(5/8)" casing at 74 metres. Progress for the week was 985 metres.

The Moran-6 well is located in PDL 5 and is being drilled from the Moran-4 well pad as a deviated hole to a bottom hole location approximately 1.5 kilometres north-west of Moran-4, having a planned total measured depth of 4090 metres.
This well forms part of the Moran Central development and will provide important structural and production information on the possible extension of the field to the north-west of Moran-4. It is anticipated that the well will add between 7,000 and 10,000 BOPD to the existing production capacity of this field.

Oil Search's interest in PDL 5 is currently 52.50%. The other participant is ExxonMobil (47.50%). The PNG Government has an option to acquire, or be carried for, up to 22.5% interest in PDL 5, which is currently subject to regulatory process. Our interest in the current production from the Moran Central field is approximately 49%.
The Company's share of the drilling costs for Moran-6 is 41.08%, which equates to our unitised interest in the Moran Central Development.

Moran-6 is the second well of a 6 well contracted programme that will address production potential at Kutubu and Moran Central, as well as test the Bakari feature in PPL 138. The first well, IDT20, in the Kutubu field was successfully brought on production in May and is presently producing over 4,000 BOPD.

Moran-6 will be followed by the Bakari-1 exploration hole in PPL 138 (Oil Search 52.5%), with the contracted programme continuing with further Moran Central and Kutubu development and appraisal drilling.

Origin Energy Resources Limited, as Operator of petroleum exploration permit VIC/P43, advises that the Geographe 1 exploration well has identified a significant new gas resource in the offshore Otway Basin.

Wireline formation samples have now been recovered from Geographe 1 at three levels (1831.7mRT, 1896.4mRT, and 2015.8mRT), with gas having been recovered from each. Preliminary analysis of the samples indicates that the gas has an inert level ranging from 6 to 8%. Condensate and LPG content is still pending final analysis.

Rimfire have recovered one macrodiamond in bulk samples from the Bingara, Diamond Project. Processing and observation of Rimfire's samples has been completed by Independent Diamond Laboratories in Perth.

Sun Resources NL ("Sun") wishes to update shareholders on development operations on the Eagle Oil/Gas Development, San Joaquin Basin, California, USA.

Current operations at 1600 hours WST (California) is completion of drilling out cement plug in the next few hours to get to bottom to resume drilling ahead to target.

The hole is currently at 4,046 metres and is in survey and is on track to be horizontal at target depth of 4,557 metres, which is expected in a few days after resuming normal drilling. A horizontal well bore of up to 300 metres is programmed in the reservoir target at final depth for subsequent testing.

The Directors of Yardarino Ltd wish to announce that they have entered into a Joint Venture Agreement with WMC Resources Ltd in respect to Yardarino's Collurabbie Hills Nickel Project located approximately 200 km north of Laverton in Western Australia.

Under the terms of the Agreement WMC have the right to earn 70% equity in the project by funding a total of $400,000 towards exploration expenditure.

Based on a regional geological synthesis WMC has identified the Collurabbie Hills project as having potential for nickel sulphide mineralisation. Proposed work to be carried out will include airborne electro magnetics, followed up by ground EM and drilling of targets as required.

The Macarthur Coal Limited ("Macarthur Coal") initial public offer closed today, over a week early and oversubscribed, Chairman, the Honourable Keith De Lacy, announced today at ABN AMRO Morgans monthly Polo Club business breakfast.

The IPO, which was fully underwritten by ABN AMRO Morgans Corporate Limited, has raised $39 million through the issue of 39 million shares at $1.00 per share. The offer opened on 31 May and was due to close on 29 June.

On listing, Macarthur Coal will have a market capitalisation of $128.5 million.

Mr De Lacy said that there had been substantial interest in the offer from Australian institutions and retail investors.

Macarthur Coal’s Managing Director/ Chief Executive Officer, Mr Ken Talbot said that market interest has been very strong for Macarthur Coal, in large part due to the company's excellent performance, both operationally and financially, and the substantial rise in coal prices. For details, click here.

Further significant results have been received from drilling on the Crown structure at Cracow. Recent holes were aimed at testing the strike and depth potential of the Crown quartz vein structure beyond CBK027 (22.7m@15gAu/t) and CBK030 (18.25m@31gAu/t), previously reported.

Drilling has now encountered gold mineralisation on a strike length in excess of 350 metres and a vertical extent of 400 metres. (See section and diagrammatic plan). The Crown structure remains open along strike and at depth. For details, click here.

The AGC expressed concern over the drop in exploration expenditure for gold for Q1 2001 of 11% or A$11 million, according to ABS data recently released.

Kagara announced the results of the first four holes of a six hole programme at its 100% owned King Vol prospect in northern Queensland. It is expected that mineralisation at King Vol will be treated through Kagara's proposed treatment facility at Mt Garnet.

All holes drilled encountered high grade intercepts with values up to 1.71 metres at 26.46% zinc which has confirmed continuity of the eastern zone mineralisation (EZM) at King Vol.

Mincor is pleased to announce that the drilling carried out by its 75.6% subsidiary the TCC Ltd has successfully defined a substantial copper resource at the H4 Project at Reko Diq. The bulk of the resource is sufficiently robust to achieve classification as an Indicated Resource to the exacting standards of the JORC code.

The resource statement is as follows:

Indicated Resource: 68 million tonnes @ 0.8% copper
Inferred Resource: 7 million tonnes @ 0.7% copper
(both at a 0.6% copper cut-off)

Rig mobilisation to the Spring Grove Prospect has begun. The well is a sole risk well drilled by Mosaic after other participants in the Bainbilla Block elected not to participate.

The Total Depth of the Spring Grove well is estimated to be 1970 meters. The prospect has the potential to hold between 3 - 6 billion cubic ft of gas and if commercial gas is encountered some condensate and LPG could be expected.

The Spring Grove Prospect is 2.5 kms from a gas pipeline. Mosaic Oil will pay 70% costs of the well for a 77.5% interest and private interests are paying 30% of the costs of the well.

AMP Ltd increased its relevant interest in Novus Petroleum Limited on 18/06/2001, from 17,945,755 ordinary shares (11.25%) to 19,575,736 ordinary shares (12.27%).

The securities of PASMINCO will be reinstated to official quotation from the commencement of trading on Thursday, 21 June 2001 following the release to the market of the Company's response to an ASX price query letter dated 20 June 2001:

Pasminco advises it has no new information which might affect the value of, or could explain the recent trading in its shares.

As has already been announced, the company's revenue stream has been adversely impacted by the decline in metal prices. Notwithstanding this impact, Pasminco is able to meet all of its commitments as and when they fall due. The company has already completed all principal loan repayments due this calendar year and is not in breach of any banking covenants. It currently has undrawn facilities of $125 million.

The company is well advanced with its Business Improvement Program announced last December which is delivering substantial cost reductions and production improvement. This initiative will deliver a sustainable improvement in the underlying operating performance of the business at the rate of $100 million per annum by the end of calendar 2001. This plan is already delivering benefits ahead of internal targets. It is unfortunate that the decline in metal prices is distracting from these gains.

Pasminco reported a loss after tax of $37.3 million for the first half, and as flagged to the market in its last quarterly production report on 26 April 2001, does not expect to be profitable this financial year. The second half loss is likely to be similar to that of the first half despite the deterioration in metal prices.

The company has already announced a review of each asset in its portfolio with a view to disposing of those that are not capable of generating an adequate return on funds employed. This review is also well advanced and discussions are underway with various parties who have indicated an interest in acquiring some assets from Pasminco. In particular, negotiations for the sale of the Broken Hill Mine have already commenced.

The company continues to concentrate its efforts towards delivering improved production and reduced costs. The Century Mine is presently operating above 90% of capacity and the production ramp-up continues on schedule for completion by December 2001.

Sun Resources NL ("Sun") wishes to update shareholders on development operations on the Eagle Oil/Gas Development, San Joaquin Basin, California, USA.

Current operations at 0600 hours WST (California) is running in to spot cement plug over reamed sticky zone to drill ahead to target.

The hole is currently at 4,046 metres and is in survey and is on track to be horizontal at target depth of 4,557 metres, which is expected in a few days after resuming normal drilling. A horizontal well bore of up to 300 metres is programmed in the reservoir target at final depth for subsequent testing.

Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a depth of 4,046 metres. The current operation is running in with drill pipe to spot a cement plug over the under-reamed zone, prior to reaming to bottom to condition the wellbore. Directional drilling can then recommence towards the primary objective and horizontal well section.

The well will be drilled to a measured depth of 4557 metres. A horizontal well bore of up to 300 metres in length between 4257 - 4557 metres is programmed.

Commonwealth Bank of Australia increased its relevant interest in Woodside Petroleum Limited on 18/06/2001, from 33,978,533 ordinary shares (5.10%) to 40,636,212 ordinary shares (6.10%).

ARC ENERGY (19 JUNE 2001)

In order to ensure a fully informed market, ARC Energy NL ("ARC") advises that it has received preliminary log information on the Yardarino 5 well. These preliminary logs indicate that the hydrocarbon column encountered in the Dongara Formation is residual and that this zone will not contain significant reserves at this location. Further logs and down hole fluid samples are required to confirm this interpretation and to assess the potential of the hydrocarbon shows in the deeper Carynginia and Irwin River Formations.

Consideration is also being given to a sidetrack of the well and further information will be released as it becomes available.

BLIGH OIL & MINERALS (19 JUNE 2001)

NEW ZEALAND - PEP38719, TARANAKI BASIN, BLIGH INTEREST: 5%
Bligh Oil & Minerals reports that the Kauri-1 is currently drilling ahead in 8(1/2)" hole to the primary target, the Tariki Sandstone.
As at 6.00am this morning, the well was at a depth of 3,367 metres.

During the past week, 12(1/4)" hole was logged and 9(5/8)" casing set at 3,156 metres. A decision on cased hole testing of the show interval 2,890 to 3,140 metres will be made once the well has reached total depth of 4,500 metres.

EMPIRE OIL & GAS (19 JUNE 2001)

The Company announces that the operations being conducted at the Brooke No 1 Well located 3 kilometres south of the Rough Range Oil Field in EP41 (Part 3) Exmouth Gulf, as of 2400 hours on the 18 June, 2001 is the drilling ahead in 8(1/2)" hole at a depth of 509 metres in the lower Gearle Siltstone after pulling out of the hole at 480.25 metres to run a new drill bit.

The Brooke No 1 well programme is then designed to drill 8(1/2)" (216mm) hole to a total depth of 1195 metres. The Top of the Birdrong Sandstone reservoir is prognosed at 1135 metres. The calculated volume of potential Oil in Place is 2.6 million barrels.

ENERGY DEVELOPMENTS (19 JUNE 2001)

Energy Developments has reached agreement for its first sale of greenhouse gas emission reduction credits, or carbon credits, from its waste methane fuelled power projects.

Hamburgische Electricistats-Werke AG, a German electricity utility, has agreed to purchase emission reduction credits from Energy Developments' Australian landfill gas power generation operations. The transaction was brokered by Tullett & Tokyo Liberty (Sydney)/ Natsource (New York).

FIMISTON RESOURCES & TECHNOLOGY (19 JUNE 2001)

The Company is pleased to advise that it has today entered into conditional agreements for the sale of its interests in the vanadium/oil shale resources held by the Company's subsidiaries and located at Julia Creek, central northwest Queensland. The Company's interests represent 100% of the vanadium resources and 50% of the oil shale resources controlled by the Julia Creek Joint Venture.

Julia Creek Petroleum Limited, a company incorporated for the purposes of the transaction, has entered into an Option Deed and Sale and Purchase of Securities Deed pursuant to which it may acquire the Company's interests in consideration for the payment of $2.875 million satisfied by cash of $875,000 and the allotment and issue of shares to the value of approximately $2 million in the capital of Julia Creek Petroleum Limited. In addition, the Company will receive, on a pro-rata basis, options to subscribe for further shares in Julia Creek Petroleum Limited on the basis of one option for every two shares held.

Julia Creek Petroleum Limited proposes to list on the Australian Stock Exchange by way of an Initial Public Offering of shares to raise not less than $10 million in capital.

FIRST AUSTRALIAN RESOURCES (19 JUNE 2001)

FURTHER GAS SHOWS IN NEIL HEIRS-1 WELL, TEXAS SUCCESSFUL TEST OF LAKE LONG NO 7 WELL, LOUISIANA NEW TEXAS WELL SPUDS/EAGLE-1 PROGRESS CALIFORNIA

NEW BARN PROSPECT, CASS COUNTS, TEXAS
NEIL HEIRS #1 WELL
Further gas shows have been reported in the Neil Heirs #1 over the primary objective Cotton Valley Formation. While drilling between 10,676 and 10,688 feet background gas increased from 6 units to 92 units with an associated drilling break. A further drilling break and gas readings to 46 units were recorded while drilling between 10,839 and 10,857 feet.

LAKE LONG FIELD, LAFOURCHE PARISH, SOUTH LOUISIANA
STATE LEASE 328 NO 7 WELL
The lowermost sand (5,780 foot Sand) in the No 7 well has been perforated and tested gas at an estimated rate of approximately 1.0 million cubic feet of gas per day on a 9/64 inch choke at a flowing tubing pressure of 1550 psi. This rate is an estimate as a test unit was not available. The well continued to clean up while testing.

LANGFORD 25 #3H-TXV HORIZONTAL, HARDEMAN COUNTY, TEXAS
The Langford 25 #3H-TXV well in Hardeman County Texas was re-entered on 13 June using Paterson Rig #33. The well is currently at 5,123 feet and waiting on a cement kick off plug to dry prior to the resumption of drilling.

MAJESTIC RESOURCES (19 JUNE 2001)

Majestic has decided not to proceed with the development of the Orange River prospect in Kimberley, South Africa after grades failed to meet commercial standards.

Majestic said this decision was based on an extensive bulk sampling program during which approximately 22,000 tonnes of gravel was mined from six pit areas.

The company will receive a $1.5 million refund from the deposit it was required to pay before commencing bulk sampling at Orange River, having now withdrawn from the potential $5 million commitment.

Lakes Oil N.L. has been advised by Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, that the Eagle-1 well is at a depth of 4,046 metres. Over the weekend the jarring operation was successful and the stuck drillpipe retrieved. The current operation is stabilising the wellbore, by under-reaming and spotting a cement plug, prior to recommencing directional drilling towards the primary objective and horizontal well section.

The well will be drilled to a measured depth of 4,557 metres. A horizontal well bore of up to 300 metres in length between 4,252 – 4,557 metres is programmed.

Eagle No. 1 will be the first well in the Eagle Oil Pool Development Project, a horizontal drilling project targeting potential recoverable reserves of up to 24 million barrels of oil and 62 billion cubic feet of gas.

ANGLOGOLD (18 JUNE 2001)

Expressions of interest to be sought for Pine Creek assets

AngloGold Ltd is considering options for extracting the most value from its Pine Creek assets in the Northern Territory. Amongst these options is the possible sale of the assets.

The company has appointed SMP Group to seek expressions of interest in the assets, which comprise the operating Union Reefs mine and treatment plant, the Brocks Creek treatment plant, service facilities associated with these operations and mining and exploration leases held by the company in the Pine Creek area.

AngloGold acquired the Pine Creek operations through the successful takeover of Acacia Resources Ltd at the end of 1999.

ARROW ENERGY (18 JUNE 2001)

Further Gas Flows from Dundee-1

At 1.30pm on 18 June 2001, Dundee-1 was at a depth of 144m having set surface casing at 74m.

The well, the first of four in Arrow's program of six coal bed methane (CBM) gas wells in the Surat Basin, South East Queensland encountered several strong gas shows between 74m and 144m in sandstone and siltstone of the Walloon Coal Measures.

The shows flowed gas to surface at a stabilised rate of 37,000 cubic feet per day and a pressure of 490 kilo pascals (71 psi) through a (1/8)" choke. Cumulative tested gas flows in Dundee-1 now total 61,500 cubic feet per day.

Dundee-1 is currently drilling ahead. The well is planned to reach a total depth of 320m to test the main objective coal seams prognosed in Dundee-1, the MacAlister, Wambo, Iona and Argyle seams.

PINELANDS-1 SPUDS AND CASED
As part of a three well farmin Agreement with Australian CBM Pty Ltd (ACBM) Queensland Gas Company Limited (QGC) spudded the second well, the Pinelands-2 CBM Core hole in Queensland permit ATP 574P on Sunday June 10, 2001. Arrow has an option to purchase 100% of ACBM. ACBM will have 6.25% of ATP 574P following the completion of QGC's farmin drilling program. The well reached a depth of 239 metres on June 13, 2001 and was cased to that depth. Coring of the target coal seams below the cased interval will take place using a coring drill rig in about nine days time. The proposed total depth of the well is 300 metres.

MCNULTY-1 TO BE DRILLED AS THE THIRD WELL IN A SEVEN WELL FARMIN PROGRAM
As part of a seven well farmin Agreement with ACBM, QGC plans to drill and core McNulty-1 to a proposed TD of 145 metres later in June in the QGC farmin area of Queensland permit ATP 676P. McNulty-1 is to be located some 8km south of Avon Downs-1 (also in ATP 676P) which flowed at 220,000 cubic feet per day of dry gas earlier this year.

ACBM is fully carried on up to seven wells within the QGC farmin area of ATP 676P and will have a 50% working interest in the QGC Farmin area of ATP 676P after the completion of QGC's farmin drilling program. The first two wells in QGC's farmin program were the successful Wyalla-1 and Avon Downs-1 wells drilled late in 2000 that flowed 75,000 and 220,000 cubic feet per day respectively from Walloon Coal seams.

EMPIRE OIL & GAS (18 JUNE 2001)

The Company announces that the operations being conducted at the Brooke No 1 Well located 3 kilometres south of the Rough Range Oil Field in EP41 (Part 3) Exmouth Gulf, as of 2400 hours on the 17 June, 2001 is the drilling ahead in 8(1/2)" hole at a depth of 478 metres in the upper Gearle Siltstone.

JULIA CORPORATION (18 JUNE 2001)

Julia has extended its search for viable tantalite deposits south of the Bynoe, Northern Territory area, to a 300 square kilometre area in the Pine Creek Geosyncline near Cosmos Howley.

Central to the area acquired are the Mt Shoobridge and Barretts Tin/Tantalum Mines.

Julia Gold Pty Ltd ("Julia") has acquired MLN 544 from Mr Bob Biddlecombe, a Darwin Prospector, as an outright purchase for $50,000. Julia has also entered into a three-year option with Mr Biddlecombe to acquire ERL 88, MLN 296, MCN 60 and HLDN's 45 and 43 and with Mr Biddlecombe's company, Biddlecombe Pty Ltd, to acquire ELA's 22186 and 23105. Terms of the option include a three year option for Mr Biddlecombe to acquire 500,000 shares in the capital of Julia Corporation Limited at 20 cents per share, and Julia may exercise its option after three years by payment of $250,000 and the issue of 2,500,000 ordinary shares in the capital of Julia Corporation Limited to Mr Biddlecombe. Mr Biddlecombe and his company shall also retain a 1% production royalty over the tenements.

This area is located approximately 30km south of the Labelle pegmatite currently being drill tested by the company.

ORIGIN ENERGY (18 JUNE 2001)

Origin Origin Energy Resources Limited, as Operator for VIC/P43, provides the following progress report for the drilling of the exploration well Geographe 1 in the offshore Otway Basin, Victoria.

Geographe 1 has reached a total depth of 2430mRT and a wireline evaluation programme is currently in progress. Preliminary results indicate the presence of a single gross gas column of approximately 240m in interbedded sands and shales of the Flaxmans/Waarre Formation. No comment can be made on the composition of the resource until samples are recovered and analysed.

PILBARA MINES (18 JUNE 2001)

Pilbara announced that a surface soil geochemical survey in an area of colluvial/alluvial cover to the NW of the old Teutonic Bore base metal mine in WA, has outlined a coherent gold anomaly up to 15 times background, over an area of 1km by 1.5km. This prospect is located in the northern part of Pilbara's extensive tenement holding, less than 20km to the SE of the recently announced Thunderbox gold mine development, within a similar structural environment.

RIO TINTO (18 JUNE 2001)

Comalco, a wholly owned subsidiary of Rio Tinto, today announced that it had signed an agreement with Kaiser Aluminium to purchase an additional 8.3% equity in the Queensland Alumina Limited (QAL) refinery at Gladstone. The transaction is subject to certain approvals, including the Foreign Investment Review Board.

The total value of the transaction amounts to approximately US$189 million, consisting of approximately US$159 million in cash plus Comalco's assumption of approximately US$30 million of off-balance sheet QAL indebtedness currently guaranteed by Kaiser. The transaction will increase Comalco's interest in QAL from 30.3% to 38.6%.

SANTOS (18 JUNE 2001)

On 16 June 2001 an explosion and fire occurred in the Liquids Pumping Station at the Moomba Gas Plant operated by Santos Ltd on behalf of the South Australian Cooper Basin Producers.
Four workers were involved and one has since passed away. The other three workers did not require hospitalisation.

All South Australian oil production has been suspended. Condensate is being produced and stored at Moomba. LPG is being redirected to the gas supply or is being flared. The supply of ethane to Qenos was initially shut down but work is underway to resume partial production in the next day or so.

SUN RESOURCES (18 JUNE 2001)

Sun Resources NL ("Sun") wishes to update shareholders on development operations on the Eagle Oil/Gas Development, San Joaquin Basin, California, USA.

The situation in the well with stuck pipe and the sticky fault zone has been successfully overcome since our Friday June 15, morning report. Current operations at 0600 hours WST (California) is completion of under reaming over sticky zone to set cement sleeve plug to drill out mid-week and thence drill ahead to target.

The hole is currently at 4,046 metres and is in survey and is on track to be horizontal at target depth of 4,557 metres, which is expected in a few days after resuming normal drilling on Tuesday. A horizontal well bore of up to 300 metres is programmed in the reservoir target at final depth for subsequent testing.

VICTORIA PETROLEUM (18 JUNE 2001)

Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a depth of 4,046 metres. Over the weekend the jarring operation was successful and the stuck drillpipe retrieved. The current operation is stabilising the wellbore, by under-reaming and spotting a cement plug, prior to recommencing directional drilling towards the primary objective and horizontal well section.

The well will be drilled to a measured depth of 4557 metres. A horizontal well bore of up to 300 metres in length between 4257 - 4557 metres is programmed.

1. Approval for the Acquisition of 90% of Two Mineral Exploration Licences from Related Parties

The Directors of Queensland Gas Company Limited (QGC) announce that the company has commenced cutting the first core of its six well Surat Basin Coring Program. Core-cutting operations at Lawton-2 commenced on 15 June 2001.

The core will be subject to testing to determine the quantity of Coal Bed Methane contained in the coal. This program, combined with information that will be obtained from the dewatering of existing QGC wells will assist in defining and measuring the Coal Bed Methane resources in its acreage.

ARROW ENERGY (15 JUNE 2001)

Dundee-1 is currently being cased and cemented to 74 metres. As announced on 13 June 2001, an open hole test of gas shows in coal seams between 70 and 74 metres flow tested gas at a stabilised rate of 24,500 cubic feet per day and 295 kilo pascals (43 psi). Following the setting of the cement, Dundee-1 will be drilled ahead to a projected total depth of 320 metres to test the deeper primary target coal seams in the Walloon Coal Measures.
Drilling at Dundee-1 is scheduled to recommence on the morning of June 16 2001.

EMPIRE OIL & GAS (15 JUNE 2001)

The Company announces that the operations being conducted at the Brooke No 1 Well located 3 kilometres south of the Rough Range Oil Field in EP41 (Part 3) Exmouth Gulf, as of 1800 hours on the 14 June, 2001 is the drilling ahead in 8(1/2)" hole after drilling out the 9(5/8)" casing shoe at 156.2 metres.

The Brooke No 1 well programme is then designed to drill 8(1/2)" (216mm) hole to a total depth of 1195 metres. The Top of the Birdrong Sandstone reservoir is prognosed at 1135 metres. The calculated volume of potential Oil in Place is 2.6 million barrels.

KANOWNA LIGHTS (15 JUNE 2001)

Kanowna Lights Limited ("KLS") advises that it has entered into a Joint Venture Agreement with G E Resources Pty Ltd ("GE") on the Great Western Gold Prospect M37/54 ("prospect") on the following terms:

1. GE will undertake a minimum of 1,000 metres of percussion drilling on the prospect within three months to test the potential for an underground mining operation.

2. In return for completion of this drilling and associated assaying and geological work, GE will acquire an immediate 51% and management of the prospect.

3. Additional equity in the prospect will be acquired pro rata to further expenditure above that incurred in Clause 1 with 100% equity acquired through the total expenditure of $200,000.

4. On completion of the undertaking in Clause 1 and irrespective of the level of additional expenditure in Clause 3, on commencement of commercial mining activities by GE, GE will be entitled to 100% of the prospect.

5. Any production of gold from the prospect will be subject to a sliding royalty payable by GE to KLS.

6. The royalty to commence at $10/ounce at a gold price of AUD$550/ounce or below. Above AUD$550/ounce, the royalty payable to rise by $0.50 for each $1.00 rise in the gold price. The royalty shall apply to all ounces won from underground mining.

7. Any potential open cut ore won from the lease shall be subject to a fixed royalty of $10.00/ounce irrespective of the gold price.

8. In the event of GE acquiring tenements adjacent to the prospect, GE commits to negotiate in good faith with KLS to include them in the acquisition of the new tenements on royalty or equity basis at KLS' proportionate cost.

9. GE has the right to withdraw from the agreement after drilling of 500 metres of percussion drilling retaining no interest in the prospect.

ORIGIN ENERGY (15 JUNE 2001)

Origin Energy Resources Limited as Operator of PEL 32 advises that the exploration well Balnaves 1 which spudded at 4am on Sunday 10 June 2001 was at a depth of 1602 mRT and drilling ahead in the Eumeralla Formation at 6am on Friday 15 June 2001.

Balnaves 1 is located in exploration permit PEL 32 in the onshore Otway Basin of South Australia. The well is located on a separate and previously undrilled structure, approximately 6.5 km west of the Katnook gas field.

The well has a planned total depth of 2921 mRT, the primary objective the Pretty Hill Sandstone is prognosed to be intersected at depth of approximately 2707 mRT.

REEFTON MINING (15 JUNE 2001)

Reefton has discovered substantial tantalite mineralisation over a 50 kilometre length of the Sandamap-Erongo pegmatite belt. Evaluation of results to date indicate potential for hard rock and alluvial resources of world class magnitude.

Highlights are:

* Wide mineralised pegmatites (up to 300 metres width) would allow large scale open cut mining and have returned high grades averaging 1.1 lbs/t Ta(2)O(5) at Sandamap.

* Identification of the 15 kilometre Sandamap area as a priority target. This part of the belt contains a series of wide well mineralised steeply dipping pegmatites which have returned high grade results of up to 1.67 lbs/t Ta(2)O(5).

* Substantial Ta(2)O(5) grades of up to 1.85 lbs/t Ta(2)O(5) have been returned from reconnaissance sampling of the alluvial material over 50 kilometres tested.

* All the pegmatites that have been sampled over the 50 kilometre strike length were mineralised.

* Swarms of mineralised pegmatites exist which have contributed to alluvial deposits of tantalite.

* RC drilling to commence in July.

SANTOS (15 JUNE 2001)

Santos Limited, as operator for WA-264-P, announces a successful oil exploration well in the Carnarvon Basin, offshore Western Australia.

Corowa-1 flowed 839 cubic metres of oil per day (5,276 barrels) through a 19mm (3/4") surface choke at a flowing well head pressure of 880 psia from the interval 1549 - 1560m in a Barrow Group Sand.

The oil flow was accompanied by 64,565 cubic meters of gas per day (2.28 million cubic feet per day) with no water. There is no oil-water contact in the well.

Corowa-1 is located in 84 metres of water, 40km west of the Thevenard Island production facility and 24km south of the Griffin Field.

SUN RESOURCES (15 JUNE 2001)

San Resources NL ("Sun") wishes to update shareholders on development operations on the Eagle Oil/Gas Development, San Joaquin Basin, California, USA.

Current operations at 0600 hours WST (California) is jarring to retrieve stuck pipe, prior to reaming out hole to run casing over sticky zone to drill ahead to target. Sticky zone is due to a fault at 3,559 metres. The hole is currently at 4,046 metres and is in survey and is on track to be horizontal at target depth of 4,557 metres, which is expected in a few days after resuming normal drilling at the end of the week. A horizontal well bore of up to 300 metres is programmed in the reservoir target at final depth for subsequent testing.

VICTORIA PETROLEUM (15 JUNE 2001)

Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a depth of 4,046 metres. The current operation is jarring to retrieve stuck drillpipe. Following retrieval, drilling will continue towards the primary objective and horizontal well section.

The well will be drilled to a measured depth of 4557 metres. A horizontal well bore of up to 300 metres in length between 4257 - 4557 metres is programmed.

GIANTS REEF MINING (14 JUNE 2001)

Giants Reef is pleased to advise that $7,000,000 (seven million dollars) has been paid to Normandy Consolidated Gold Holdings Pty Ltd, a subsidiary of Normandy Mining, thereby completing the purchase of Normandy Tennant Creek Pty Ltd.

This is an important step for Giants Reef towards achieving its goal of becoming a substantial gold producer.

For additional information, click here.

CARNARVON PETROLEUM (14 JUNE 2001)

Carnarvon announced the successful testing of WB-N2, the second new well on the SW1A Concession in Central Thailand. Testing is proceeding with a natural flow rate that has averaged 326 bopd (barrels oil per day).
After perforating WB-N2 at 13:05 on 11 June 2001 a strong blow was observed. Following swabbing of the completion brine and a six hour shut in through to the morning of 13 June 2001 the WB-N2 well started flowing naturally. Over a ten-hour period a total of 136bbl of crude was produced through a variety of choke sizes. Flow was sometimes intermittent due to waxing up of tubing and flowlines. The initial measured rate was 276 bopd on a 20/64 inch choke with a flowing wellhead pressure of 40 psig. The oil is presently being produced directly to an oil tanker. The natural flow period will be curtailed soon for the purpose of installing a beam pump and additional heated tankage at site to ensure continuity of production. The first delivery of WB-N2 crude to the refinery should occur tomorrow and continuous commercial production should commence this week.

EMPIRE OIL & GAS (14 JUNE 2001)

The operations being conducted at the Brooke No 1 Well located 3 kilometres south of the Rough Range Oil Field in EP41 (Part 3) Exmouth Gulf, as of 1800 hours on the 13 June, 2001 consists of pressure testing the blow out prevention equipment.

The Brooke No 1 well programme is then designed to drill out the 9 (5/8)" casing shoe set at 156.2 metres and then the drilling of 8 (1/2)" (216mm) hole to a total depth of 1195 metres. The Top of the Birdrong Sandstone reservoir is prognosed at 1135 metres. The calculated volume of potential Oil in Place is 2.6 million barrels.

GREENSTONE RESOURCES (14 JUNE 2001)

Exploration Update

NORTH BULLFINCH GOLD PROJECT
The Company advises that it has commenced a second RC drilling program, totalling 2300 to 2500 metres, at its North Bullfinch Gold Project.

RAVENSTHORPE NICKEL SULPHIDE PROJECT
Project operator QNI has completed a moving loop ground Electromagnetic survey (MLEM) over selected sections of the ultramafic belt from the RAV 1 nickel sulphide deposit (Boyup Creek) in the west to near the RAV 8 tenement (Tectonic Resources) in the east.

The MLEM survey has located 3 main conductors named JEM 1, 2, 3, and 4. JEM 2 and JEM 3 are associated with discrete magnetic anomalies.
All four conductors are interpreted to be associated with ultramafic rocks. Apart from JEM 1, which is poorly constrained and deep, these conductors will be drill tested. A fifth conductor adjacent to JEM 2 may also be considered for drilling after further data processing.

A down-hole, off-hole EM anomaly at the Discus Prospect, which was discovered during drilling in the December quarter of 2000 (hole RVD 12, 0.3m @ 0.94% Ni), will also be tested with one hole.

In addition, one hole will be drilled to test the Mt Short gossan within the area previously drilled by the joint venture at Mt Short, approximately 25km to the north-west of Boyup Creek.

YALGOO GOLD PROJECT OPTION
The Company has acquired an Option to Purchase claims covering the Wadgingarra and Carlaminda Mining Centres adjacent to the town of Yalgoo. The project is strategically located with respect to processing facilities, which are located at the nearby Gullewa Mine approximately 30km to the south-west and the in-construction mill at the Minjar Mine approximately 30km to the south-east.

HADDINGTON INTERNATIONAL RESOURCES (14 JUNE 2001)

Haddington International Resources has further increased the Tantalite resource at its Bald Hill Tantalite Project to 1,140,000 tonnes @ 472 ppm Ta(2)O(5), containing approximately 1,186,000 pounds of Ta(2)O(5).
The total resource at Bald Hill has been increased by 41% since listing, and as a consequence, the life of the project increased to almost 6 years at the proposed throughput of 200,000 tonnes per annum. The additional resource adds a new dimension to the Project and gives potential for substantial increase in revenue and profit to an already robust project.

KIMBERLEY DIAMOND COMPANY (14 JUNE 2001)

Kimberley has entered into an agreement with Ellendale Resources NL ("Ellendale") whereby Kimberley can earn a 75 percent interest in the Ellendale diamond field tenements held by Ellendale (being 100 percent interest in EL04/804, EL04/911, EL04/1062, EL1092 and ELA1093) by meeting all expenditure on the project area through to the completion of bankable feasibility.

Kimberley also announced the recovery of a further 234 diamonds weighing 34.5 carats from further trench results on Ellendale Pipes 9 and 4. Included in the results were a 1.47 carat gemstone with 2 other diamonds larger than 1 carat and a further 9 stones weighing more than half a carat.

OIL COMPANY OF AUSTRALIA (14 JUNE 2001)

Dalwogan 01 & Lilyvale 03 Update

Dalwogan No 01, a coal seam methane exploration core hole, is situated approximately 750 metres East North East of Dogwood 01, Latitude 26 Deg 41 Min, 13.65 Sec South, Longitude 150 Deg 09 Min 51.81 Sec East. The well was spudded at 07:00 hours on June 10, 2001.
At 06:00 hours today the rig was coring ahead at a depth of 204 metres RT. 168 mm surface casing was set at 96.0 metres RT progress for the week was 204 metres.

The primary targets of the well are the Upper Juandah coal measures. Proposed total cored depth of the well is 299 metres RT.

Lilyvale No 03 is situated approximately 5 kilometres Soth-South-West of GSQ Emerald NS 44, Latitude 23 Deg 20 Min 43.13 Sec South, Longitude 148 Deg 18 Min 02.96 Sec East. The well was spudded at 16:50 Hours on April 11, 2001. 168 mm surface casing was set at 96.8 metres RT. A total depth of 441.31 metres was reached at 16:00 hours on April 26, 2001, and the well was capped and suspended for later abandonment. The well was re-entered at 16:00 hours on June 3, 2001 and plugged and abandoned. The rig was released at 17:00 hours on June 7,2001.

The primary targets of the well were the coals of the German Creek Formation.

ORIGIN ENERGY (14 JUNE 2001)

Origin Energy Resources Limited, as Operator for VIC/P43, provides the following progress report for the drilling of the exploration well Geographe 1 in the offshore Otway Basin, Victoria.

As at 2.30pm on 14 June Geographe 1 is drilling ahead at a depth of 2042mRT after encountering gas indications in interbedded sands and shales over a gross interval of 233m from 1809mRT to current depth. A second core has been cut over the interval 1907mRT to 1915mRT. The forward plan is to drill ahead to a depth of 2405mRT and then conduct a wireline evaluation program.

PASMINCO (14 JUNE 2001)

Pasminco advises that it is not aware of any issues that might have prompted today's fall in the company's share price. The recent decline in metals prices and zinc in particular, adversely impacted the Pasminco share price earlier this week.

Pasminco continues to deliver its Business Improvement Program and the ramp-up in production at the Century Mine. The previously announced asset review is also proceeding to plan.

The Business Improvement Program is delivering sustainable improvement in costs and production.

SUN RESOURCES (14 JUNE 2001)

Sun Resources NL ("Sun") wishes to update shareholders on development operations on the Eagle Oil/Gas Development, San Joaquin Basin, California, USA.

Current operations at 0600 hours WST (California) are continuing to retrieve stuck pipe, prior to reaming out hole to run casing over sticky zone to drill ahead to target. Sticky zone is due to a fault at 3,559 metres. The hole is currently at 4,046 metres and is in survey and is on track to be horizontal at target depth of 4,557 metres, which is expected in a few days after resuming normal drilling at the end of the week. A horizontal well bore of up to 300 metres is programmed in the reservoir target at final depth for subsequent testing.

VICTORIA PETROLEUM (14 JUNE 2001)

The securities of Beaconsfield Gold will be suspended from quotation from the commencement of trading on Wednesday 13 June 2001, at the request of the Company, pending an announcement from the administrator of Allstate Exploration which is likely to have a significant impact on the Company's position in relation to the Beaconsfield Joint Venture.

Cullen Resources Limited ("Cullen") announces that a 2099m drilling program completed in May 2001 at the Gunbarrel Project, 125 km east of Wiluna, WA has produced significant results.

The large Gunbarrel Project encompasses a 46 km long portion of the prospective Mount Eureka Greenstone Belt. This Greenstone Belt is located east of the highly productive Yandal Greenstone Belt, which hosts the major Bronzewing gold deposit.

The drilling program was designed as a preliminary test of various targets arising from Cullen's exploration efforts over the past two years. It has succeeded in locating three areas of gold mineralisation in the Eureka North Zone, confirming it as a major regional gold target. It also located new zones of gold mineralisation at the Taipan Prospect.

Lakes Oil N.L. has been advised by Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, that the Eagle-1 well is at a depth of 4,046 metres. The drill string has been backed-off successfully above the stuck point, and the current operation is preparing to run in hole with a jarring assembly to retrieve stuck drillpipe. Following retrieval, drilling will continue towards the primary objective and horizontal well section. This retrieval operation is expected to take several days, and drilling is expected to resume towards the end of this week. The well path has been surveyed and is following the design path to the objective.

The well will be drilled to a measured depth of 4,557 metres. A horizontal well bore of up to 300 metres in length between 4,252 – 4,557 metres is programmed.

Eagle No. 1 will be the first well in the Eagle Oil Pool Development Project, a horizontal drilling project targeting potential recoverable reserves of up to 24 million barrels of oil and 62 billion cubic feet of gas.

Export earnings by the Australian minerals and energy sector fell to $13.3 billion in the March quarter 2001. While earnings were down 9 per cent from the strong December 2000 quarter, earnings were 18 per cent higher on the March quarter a year ago’, ABARE’s Acting Executive Director, Mr Vivek Tulpulé, said today when releasing the latest issue of Australian Mineral Statistics.

Mr Tulpulé noted that this weaker performance compared with the December quarter reflected lower export prices and volumes for a range of minerals and energy commodities.

Commodities recording falls of more than $100 million in the March quarter 2001 were: crude oil, down $796 million (32 per cent) to $1706 million; zinc, down $183 million (33 per cent) to $380 million; nickel, down $141 million (24 per cent) to $441 million; alumina, down $120 million (10 per cent) to $1081 million; and iron ore, down $109 million (9 per cent) to $1152 million. Commodities that recorded falls of $10–100 million were: refined petroleum products, aluminium, copper, LPG, diamonds, coking coal and uranium.

However, there were also some major export commodities that recorded significant increases in earnings during the quarter. Commodities for which export earnings increased by more than $10 million in the March quarter 2001 were: gold, up $213 million (20 per cent) to $1298 million; LNG, up $65 million (10 per cent) to $742 million; iron and steel, up $19 million (20 per cent) to $116 million; titanium dioxide pigment up $12 million (10 per cent) to $130 million; and zircon, up $12 million (26 per cent) to $58 million. Increased export volumes were the main factor contributing to higher earnings.

The index of export prices of Australian minerals resources (export unit returns) fell by 4.4 per cent in the March quarter 2001 compared with the December quarter 2000. Prices for energy minerals declined by 5.9 per cent while metals and related minerals prices fell by 3.1 per cent.

AKD has re-negotiated a joint venture over its Echunga diamond project in South Australia with diamond explorer, Flinders Diamonds Limited. The agreement is subject to Flinders listing on the ASX by 31 December 2001, and upon listing Flinders will pay AKD and its partner, Statelink Holdings Pty Ltd, a cash payment of $40,000.

AKD currently has a 75% interest in the Echunga diamond project with the remaining 25% held by Statelink. The Echunga project area contains a number of diamond targets in the Adelaide hills of South Australia.

The joint venture allows for Flinders to earn initially a 51% interest by spending $500,000 over five years. This interest can be increased to 75% by Flinders spending a further $500,000 (total $1 million). Flinders is committed to spend at least $100,000 prior to withdrawal.

Coal Bed Methane (CBM) drill hole Dundee-1 located approx 9km south of Chinchilla in south east Queensland has encountered a gas flow at 74m in a coal seam approximately 4m thick in the Walloon Coal Measures.
The flow tested 24,500 cubic feet per day at a flowing pressure of 44 psi or 295 Kilo Pascals (KP) through a (1/8) choke. The flow was dry gas. There was a minor water incursion from the seam. The gas saturated seam encountered is regarded as a secondary target.

Boulder Steel Limited has signed a contract between Hunter Specialty Steels Ltd (50% Boulder Steel Limited) and Siemens AG of Germany for Siemens AG to design, supply, supervise erection and commissioning of the Hunter Specialty Steel Mill in the Hunter Valley, NSW.

Carpathian Resources Limited was admitted to the Official List of Australian Stock Exchange Limited on Wednesday, 13 June 2001.

Consolidated Broken Hill Limited (CBH) has reached a Heads of Agreement with Pasminco Broken Hill Mine Pty Ltd for treatment and purchase of the Stage 1 production output from the Company's development of the Western Mineralisation. In addition the two companies have agreed to negotiate in good faith for the treatment of the Stage 2 production.

The planned production for Stage 1 is 120,000 tonnes of ore for upgrading through a heavy media plant to produce approximately 70,000 tonnes of product.

The Oyong-2 well in the Sampang PSC offshore East Java, spudded at 11.15 EST on 13th June 2001.

Oyong-2 is located approximately 125 metres north of the Oyong-1 discovery well and is designed to appraise the gas (110 metres) and oil (22 metres) accumulations penetrated in the Oyong-1 well and to drill the deeper Wonocolo and Ngrayong primary objectives that could not be reached in Oyong-1.

Oyong-1 has been suspended to allow future testing after pressure related drilling difficulties did not allow the well to be deepened past the current total depth of 1068 metres.

AMP Limited increased its relevant interest in Delta Gold Limited on 08/06/2001, from 13,914,642 ordinary shares (5.22%) to 16,862,648 ordinary shares (6.31%).

Emperor Mines has now received the independent report by, epithermal gold deposit specialists, Greg Corbett and John Nethery, on the prospectivity of Emperor Gold Mine in Fiji.
As a result of this review, the Company is now releasing it's latest investor presentation.

The presentation highlights the similarities between the Tavua Basin (where Emperor's Vatukoula Mine is located) and Lihir and Porgera gold systems.

The presentation highlights the enormous exploration opportunities in the Tavua Basin, as well as noting new factors which contribute towards a favourable exploration environment. These include;

The Company announces that the operations being conducted at the Brooke No 1 Well located 3 kilometres south of the Rough Range Oil Field in EP41 (Part 3) Exmouth Gulf, as of 1800 hours on the 12 June, 2001 consist of the installation of the wellhead and blow out prevention equipment and pressure testing.

The Brooke No 1 well programme is then designed to drill out the 9 (5/8)" casing shoe set at 156.2 metres and then the drilling of 8 (1/2)" (216mm) hole to a total depth of 1195 metres. The Top of the Birdong Sandstone reservoir is prognosed at 1135 metres. The calculated volume of potential Oil in Place is 2.6 million barrels.

This is to advise that the Directors of Longreach Gold Oil Limited (LGO) have resolved to revert to the original objectives of the company, viz to be an oil and gas exploration company.

LGO has a valuable portfolio and/or conditional agreements in respect of diamonds, gold and tantalum assets which the market does not seem to take into account when valuing the company's shares.

As a significant amount has been invested in the acquisition and/or investigation of diamond properties in Angola, Botswana, Russia and South Africa, if LGO is unable to sell its diamond interests at a satisfactory price it would float a separate diamond company in which to vest those interests, with priority being given in such a float to existing LGO shareholders.

Principal Mutual Holding Company ceased to be a substantial shareholder in Newcrest Mining Limited on 06/06/2001.

Origin Energy Resources Limited as Operator of PEL 32 advises that the exploration well Balnaves 1 spudded at 4am on Sunday 10 June 2001. Balnaves 1 is located in exploration permit PEL 32 in the onshore Otway Basin of South Australia. The well is located on a separate and previously undrilled structure, approximately 6.5 km west of the Katnook gas field.

The well has a planned total depth of 2921 mRT, the primary objective the Pretty Hill Sandstone is prognosed to be intersected at depth of approximately 2707 mRT.

At 6am on 12 June the well had reached a depth of 857 mRT. The current operation is setting surface casing prior to drilling ahead.

SUBSEQUENT EVENTS
Kyle Oil Field commenced full field production on 7 April 2001, adding over 2,000 BOPD (over 25%) to ROC's production;

Wildcat exploration success at the Chinguetti-1 well, deep-water, offshore Mauritania, with good quality oil recovered from a 90 metre gross oil column;

Second exploration well, Courbine-1 offshore Mauritania, started drilling 16 kilometres northwest of Chinguetti-1 on 29 May 2001;

Option exercised to acquire 100% of Elixir Corporation Pty Ltd ("Elixir"), the sole assets of which are interests between 2.0% and 2.7% over virtually the whole of offshore Mauritania, including the Chinguetti-1 discovery and the Courbine-1 well location; and

An unsolicited $37 million cash bid to acquire 40% of Gulfstream Resources Canada Limited.

Rimfire's consultants recently completed a comprehensive evaluation of modern digital information for the Project and identified a number of high-priority exploration targets.

The styles of targets identified are interpreted to represent:

1. Iron Oxide Copper-Gold (FeOx Cu-Au) deposits such as Ernest Henry in northwest Qld, and Olympic Dam in South Australia.
This class of deposits is regarded as an attractive exploration target and is under-explored in the district. Small-scale or sub-economic examples are known and other explorers are currently actively searching for this class.

2. Broken Hill Type Silver-Lead-Zinc (BHT) deposits such as the giant Broken Hill orebody nearby, and Cannington in northwest Qld.
BHT's are another attractive target type with potential for high-grade and large-size, as with the largest example, the Broken Hill Main Lode twenty kilometres to the east of Rimfire Project area.

3. Deep-sourced, pipe-like ultramafic bodies (including possible diatremes) in a cratonic terrain with diamond potential.

Sun Resources NL ("Sun") wishes to update shareholders on development operations on the Eagle Oil/Gas Development, San Joaquin Basin, California, USA.

Current operations at 0600 hours WST (California) are continuing to retrieve stuck pipe, prior to reaming out hole to run casing over sticky zone to drill ahead to target. Sticky zone is due to a fault at 3,559 metres. The hole is currently at 4,046 metres and is in survey and is on track to be horizontal at target depth of 4,557 metres, which is expected in a few days after resuming normal drilling at the end of the week. A horizontal well bore of up to 300 metres is programmed in the reservoir target at final depth for subsequent testing.

Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a depth of 4,046 metres. The drill string has been backed-off successfully above the stuck point, and the current operation is preparing to run in hole with a jarring assembly to retrieve stuck drillpipe. Following retrieval, drilling will continue towards the primary objective and horizontal well section. This retrieval operation is expected to take several days, and drilling is expected to resume towards the end of this week. The well path has been surveyed and is following the design path to the objective.

BEACONSFIELD GOLD (12 JUNE 2001)

Beaconsfield Gold requested that trading in its securities be suspended before the commencement of trading on 8 June 2001, on the basis that the company was aware that Allstate Explorations NL (Allstate) was going to make an important announcement later that day.

Allstate is the current manager of the Beaconsfield Mine Joint Venture with a 51.51% interest and Beaconsfield Gold, with a 48.49% interest, is the minority participant in the Joint Venture. Beaconsfield Gold also currently holds 25.6% of the voting shares in Allstate but does not have a representative on the Allstate board of directors.

Allstate Administration

On 8 June 2001, the directors of Allstate announced that Allstate was being placed in voluntary administration. It was also announced that Allstate’s banker, Macquarie Bank Limited (Macquarie), would work closely with the administrators to ensure the continued operation of the Beaconsfield gold mine.

Beaconsfield Gold considers that a likely scenario is that Macquarie, as the major secured creditor to Allstate, will seek the sale of the Allstate interest in the Joint Venture to a third party at the maximum possible price. This sale process, under administration, may take several months to consummate and, in that time, the performance of the Beaconsfield mine would clearly need to be maximised. Beaconsfield Gold would welcome the entry of a financially strong, experienced mining company to the Joint Venture.

Beaconsfield Gold has been communicating with its banker, BankWest, to evaluate the ramifications to Beaconsfield Gold of the administration of Allstate and ongoing management of the mine. Beaconsfield Gold will also evaluate its ongoing cash requirements to meet any cash calls made by the manager of the mine.

For additional information, click here.

Lakes Oil N.L. has been advised by Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, that the Eagle-1 well is at a depth of 4,046 metres, and current operation is preparing to run in hole to retrieve stuck drillpipe. Following retrieval, drilling will continue towards the primary objective and horizontal well section. This retrieval operation is expected to take several days, and drilling is expected to resume towards the end of this week. The well path has been surveyed and is following the design path to the objective.

The well will be drilled to a measured depth of 4,557 metres. A horizontal well bore of up to 300 metres in length between 4,252 – 4,557 metres is programmed.

Eagle No. 1 will be the first well in the Eagle Oil Pool Development Project, a horizontal drilling project targeting potential recoverable reserves of up to 24 million barrels of oil and 62 billion cubic feet of gas.

ALKANE EXPLORATION / JUBILEE MINES (12 JUNE 2001)

Discovery of New Zone of Nickel Mineralisation at Miranda

Jubilee Mines NL has reported to Alkane the discovery of a new zone of nickel sulphide mineralisation at the Taurus prospect on the Miranda property in Western Australia.

Taurus is located about 11 kilometres south east of Jubilee's Cosmos Nickel Mine and is within the Leinster Region Joint Venture in which Jubilee is entitled to earn a 75% interest by spending $4.5M before March 2005.

Exploration to date at Taurus has comprised five diamond core holes, and all five holes have intersected nickel sulphide mineralisation - both massive and disseminated. Better drill intercepts include:

TAD005 - 0.2m @ 8.1% Ni from a downhole depth of 245.3m;
and, located 370m to the south,

TAD004 - 9.0m @ 0.57% Ni, including 1.0m @ 1.3% Ni from a downhole depth of 351.0m
and 0.15m @ 2.9% Ni from a downhole depth of 324.85m.

Taurus is situated at the base of an ultramafic unit which runs along the western side of the Miranda property. Approximately 2.5km of strike length of the host ultramafic are contained within the Miranda ground and, to date, drilling has only tested about 370m of the prospective basal contact of the ultramafic.

BLIGH OIL & MINERALS (12 JUNE 2001)

NEW ZEALAND - PEP38719, TARANAKI BASIN, BLIGH INTEREST: 5.00%

Bligh reports that the Kauri #1 has been drilled to a current depth of 3157 metres in 12(1/4)" hole. During the past week, the well has intersected several zones that have yielded hydrocarbon shows of varying quality over the interval 2890 metres to 3140 metres. This interval has largely consisted of multiple sections of sandstones and claystones that have yielded good oil and gas shows associated with accelerated drilling rates and, on the basis of log analysis, appears to be hydrocarbon-bearing. However, hole washout has caused a deterioration in log quality and, while encouraging, the logs are not definitive, and further analysis and testing will be required in order to determine whether the sands are commercially productive.

NEW ZEALAND - PML 38141, TARANAKI BASIN. BLIGH INTEREST: 1.62%
The Te Popo-l well is currently being plugged and abandoned. Weak oil shows were recorded in the target Tikorangi Formation limestones, but fracture porosity, a requirement for production from these limestones, was not developed. However, the well has delineated the previously uncontrolled north-eastern limit of the Tikorangi limestone oil pool in the Waihapa-Ngaere field.

CALTEX AUSTRALIA (12 JUNE 2001)

Half Year Profit Outlook

There has been a recent significant deterioration in refining margins. During the last two weeks, Singapore average refining margins for petrol have been negative.

Even allowing for a modest improvement in margins from the current levels, it is expected that the Company's half year operating profit for 2001 will be substantially less than for the same period in 2000.
Unless then is a significant improvement in refining margins for the remainder of June, the operating profit is expected to be small.

DIAMOND ROSE (12 JUNE 2001)

Chairperson`s Statement - Cash Position :

Because of the exciting developments that have taken place in the Company's diamond projects over the recent period of time (as announced previously to the market), and my personal firm belief in their increasing potential, I have provided $770,000.00 to the Company via my private investment vehicle, Vageta Pty Ltd. Over $600,000 has been provided in the current quarter. In order to secure the immediate cash position of the Company I have requested that these funds be converted to securities pursuant to the terms of the Convertible Note facility overwhelmingly approved by shareholders on 13th of October 2000. In accordance with the terms of the Convertible Note, Vageta Pty Ltd has provided Diamond Rose with a funding facility of up to $4,000,000.

EAST COAST MINERALS (12 JUNE 2001)

Resolution of Dispute - Joint announcement with Legend

East Coast Minerals NL and Legend Mining Limited are pleased to announce they have today amicably resolved the litigation between them.

ECM and LML have reached an agreement which is designed to secure the maximum utilisation of their respective interests in the mining tenements comprising the Munni Munni Joint Venture.

ECM and LML, henceforth, will jointly manage the Joint Venture. An appropriate mechanism for resolving deadlocks has been agreed.

As a result of this agreement up to $1.5 Million will be spent on exploration of these tenements by LML on behalf of the joint venture with a view to further exploring the platinoid, silver, copper and nickel horizons which exist on the tenements.

LML will earn an additional 20% in the tenements to equalize the interests at 50% each in the joint venture and ensure that the parties can move forward with the common goal of fully developing the tenements.

EMPIRE OIL & GAS (12 JUNE 2001)

The Company announces that the operations being conducted at the Brooke No 1 Well located 3 kilometres south of the Rough Range Oil Field in EP41 (Part 3) Exmouth Gulf, as of 1800 hours on the 10 June, 2001 consist of the installation of the wellhead and blow out prevention equipment.

The Brooke No 1 well programme is then designed to drill out the 9(5/8)" casing shoe set at 156.2 metres and then the drilling of 8(1/2)" (216mm) hole to a total depth of 1195 metres. The Top of the Birdrong Sandstone reservoir is prognosed at 1135 metres. The calculated volume of potential Oil in Place is 2.6 million barrels.

FIRST AUSTRALIAN RESOURCES (12 JUNE 2001)

The Neil Heirs #1 well is currently at a depth of 10,234 feet and conducting operations to retrieve seperated drilling pipe. The primary objective Cotton Valley Formation (known as the King Sand) is expected to be encountered once drilling resumes between current depth and planned total depth of 10,950 feet.
Earlier gas shows recorded in secondary objectives between 7,732 and 7,742 feet, between 7,800 and 7,805 feet and between 7,891 and 7,902 feet will be evaluated by logs once the well has reached total depth.

HARDMAN RESOURCES (12 JUNE 2001)

Hardman Resources NL provides the following progress report for the drilling of the Courbine-1A well offshore Mauritania.
Progress Current depth 2,144 metres. Run and cement 30 inch (762mm) casing at 1,330 metres depth. Drill 26 inch (660mm) hole from 1,330 to 2,144 metres depth. Run and set 20 inch (508mm) casing. Commence cementing casing.

Hardman also announced that its wholly-owned subsidiary, Planet Oil Limited, has been awarded an Exclusive Exploration Licence ("EEL") covering offshore French Guyane, South America. The licence, which was published in the French Government Official Journal on 1 June 2001, covers the major part of the offshore basin of Guyane, and extends from the twelve-mile coastal limit to the 3,000 metre water depth contour. The total area covered by the permit is approximately 65,000 sq km. The EEL provides for a five year exploration work programme with a well commitment due at the end of the first three years.

KIMBERLEY DIAMOND COMPANY (12 JUNE 2001)

Kimberley Diamond Company reported the recovery of 93 diamonds weighing 27.03 carats between a depth of 0.3 metres to 2.9 metres of the first trench excavated on Ellendale Pipe 9, representing a near surface enrichment grade of 19.39 carats per hundred tonnes (cpht). The March 2001 Prefeasibility Study assumed an average grade of 15.7 cpht from the surface enrichment zone on Pipe 9.

MOSAIC OIL (12 JUNE 2001)

Next week, Mosaic Oil commences an exploration-drilling program involving four wells in the Surat Basin of South East Queensland.

Mosaic's net share of the program's potential reserves is 24 billion cubic feet of gas and 0.8 million barrels of oil and oil condensate.

Chief Executive Officer, Dr Howard Brady comments "Our production revenue increase this year (from $4 million to $9 million) has come from re-entering old wells. We now proceed to a new phase of growth and will drill prospects near pipelines which can be quickly developed".

The prospects to be drilled are:

Spring Grove (Mosaic 77.5% interest, private interests 22.5%), a 3-6 billion cubic ft prospect, 2.5 kms from a gas pipeline.(Location:- ATP471P - Bainbilla Block).
Churchie (Mosaic 49%-Operator, Santos 51%), a 6-8 Billion cubic ft prospect, 5 kilometers from pipeline. (Location:- ATP471P - Myall Block).
Lacombe 1 (Mosaic 100%), a 6-10 BCF prospect, 800 meters from a gas pipeline. (Location:- Production Licence 16).
Rocky High 1 (Mosaic 100%), a 4-6 BCF prospect, 1.5 kilometres from a gas pipeline. (Location:- Production Licence 16).

ORIGIN ENERGY (12 JUNE 2001)

Origin Energy Resources Limited, as Operator for VIC/P43, provides the following progress report for the drilling of the exploration well Geographe 1 in the offshore Otway Basin, Victoria.

Geographe 1, which was spudded on 30 May 2001, has been drilled to a depth of 1850mRT. Gas shows were encountered at a depth of 1809mRT in Flaxmans/Waarre Formation, and a core has been cut over the interval 1814mRT to 1850mRT. The current operation is preparing to drill ahead. At this point in time it is too early to comment on the significance of the gas shows.

OXIANA RESOURCES (12 JUNE 2001)

Full results for extension and in-fill drilling at the five Sepon gold deposits have been received. Each of the deposits remains open. Continuity of the near surface, high grade mineralization targetted by the close-spaced drilling has been excellent. The final resource estimate for the gold Bankable Feasibility Study (BFS) is likely to be upgraded.

EXTENSION DRILLING
Assay results from some 1840m of extension drilling at the Discovery and Discovery West deposits, continue to incrementally expand the resource envelopes. Further extensions are possible, but no further drilling is planned before gold BFS completion. Better results include:
Discovery (Colluvial zone) DIS361 8m @ 9.7g/t Au from 2m
Discovery (Colluvial zone) DIS371 16m @ 4.6g/t Au from 2m
Discovery West DIS335 14m @ 14.5g/t Au from surface

SUN RESOURCES (12 JUNE 2001)

Sun Resources NL ("Sun") wishes to update shareholders on development operations on the Eagle Oil/Gas Development, San Joaquin Basin, California, USA.

Current operations at 1600 hours WST (California) are running in hole in preparation to retrieve stuck pipe, prior to reaming out hole to run casing over sticky zone to drill ahead to target. Current operations are expected to take 3 to 4 days. The hole is currently at 4,046 metres and is in survey and is on track to be horizontal at target depth of 4,557 metres, which is expected in a few days after resuming normal drilling. A horizontal well bore of up to 300 metres is programmed in the reservoir target at final depth for subsequent testing.

TALON RESOURCES (12 JUNE 2001)

The Directors of Talon Resources NL are pleased to announce that they intend to proceed with a Renounceable Rights Issue which will allow all shareholders to participate in the funding of the future growth of the Company.
The proposed new issue will have the following indicative terms:

One new share for every three ordinary shares held
Price of the new shares 8.5 cents per share
Each new share will have a free attached option exercisable at 15 cents on or before 31 December 2002.

The Issue will not be underwritten.

TUART RESOURCES (12 JUNE 2001)

Tuart has entered into an option agreement with Australian Cancer Technology Limited (formerly Exodus Minerals Limited) (Exodus) in respect of the possible future exploration and development (subject to Ministerial and other requisite approvals) of the ground comprised within a total of ten (10) applications for exploration licences by Exodus in the Peak Hill mineral field comprising the Labouchere, Horseshoe and Padbury Project areas. The total area the subject of the option is 1656 square kilometres. Tuart is already the holder of or applicant for mining tenements in the Horseshoe area adjoining part of the Horseshoe project area.

VICTORIA PETROLEUM (12 JUNE 2001)

Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is currently at a depth of 4,046 metres and the current operation is preparing to run in hole to retrieve stuck drillpipe. Following retrieval, drilling will continue towards the primary objective and horizontal well section. This retrieval operation is expected to take several days, and drilling is expected to resume towards the end of this week. The well path has been surveyed and is following the design path to the objective.

The well will be drilled to a measured depth of 4557 metres. A horizontal well bore of up to 300 metres in length between 4257 - 4557 metres is programmed.

WOODSIDE PETROLEUM (12 JUNE 2001)

Drilling Rpt: Courbine-1A & Geographe-1

Woodside Petroleum Ltd, Operator of the Mauritania, Area B Joint Venture, reports that as a result of problems in running the 20 inch casing, the Courbine-1 well was plugged and abandoned on 5 June. The Scarabeo 7 drill rig then moved 20 metres to reposition and Courbine-1A was spudded on 6 June. This well has been drilled to a depth of 2144 metres and the 20 inch casing has been set.
Preparations are underway to drill ahead in a 17(1/2) inch hole.

Woodside Petroleum Ltd reports that on 12 June 2001, the Geographe-1 wildcat well was at a depth of 1850 metres, having cut a 36 metre core in the 8(1/2) inch hole section. Current operation is pulling out of hole with core barrel.

The Company is pleased to announce the discovery of a macrodiamond and accompanying pyrope garnet from sample number NN 569 in the Tsumkwe project area.

Sample NN 569 is located in the Nyae Nyae North anomaly, one of four primary source target areas defined on the western side of EPL’s 2012 and 2014. The grains were recovered from a 27.6 kg field loam sample which was processed by heavy liquid (TBE) at SGS Mineral Services in Springs, South Africa. The resultant mineral concentrate was then sorted and optically classified by Microsearch (Pty) Limited in Gaberone, Botswana.

The macrodiamond and kimberlitic garnet were recovered from the +1.0mm to –2.0mm size fraction. Loam samples are screened in the field and the size fraction which falls in the range from +0.425mm to –2.0mm is bagged and submitted for processing and analysis to detect the presence of kimberlitic indicator minerals. Results from the +0.425mm to –1.0mm fraction from NN 569 are yet to be completed by the laboratory, however, a higher number of kimberlitic grains are usually found in this fraction.

The diamond was observed by Microsearch (Pty) Limited to contain a small olivine inclusion, confirming its peridotitic origin. Surface texture analysis of the diamond and other kimberlitic pyrope garnets found in the sample batch is underway.

The Company views the recovery of the diamond as very encouraging. The sample was taken in a deflational hollow composed of calcrete, lake silts and fine sands. There appears to be a complete absence of far-travelled gravels or other material in the area. This implies that the kimberlitic source is buried below the Kalahari sand cover in close proximity to the sample site.

BEACONSFIELD GOLD (8 JUNE 2001)

Beaconsfield Gold NL request that the ASX suspend trading in Beaconsfield Gold NL securities with immediate effect and until further notice, pending releases by Allstate Explorations NL, the other participant in the Beaconsfield Mine Joint Venture.

Our Chairman was informed by Allstate last night that Allstate will be suspending their shares before 10 am this morning pending important announcements. Until Allstate make those announcements and Beaconsfield Gold has an opportunity to evaluate the possible ramifications, Beaconsfield Gold consider that an informed, orderly market in Beaconsfield Gold securities would not be possible.

For additional information on Beaconsfielsd Gold, click here.

ALLSTATE EXPLORATIONS (8 JUNE 2001)

The securities of Allstate Exploration NL (the "Company") will be suspended from quotation immediately, at the request of the Company, following the appointment of administrators to the Company.

The Boards of directors of Allstate Explorations NL and its subsidiary companies Allstate Prospecting Pty Limited and ACN 070 164 653 Pty Limited have resolved to appoint Mr Michael Ryan and Mr Tony Woodings as administrators of those companies. The appointments followed resolutions by the Boards of directors that, in their opinion, the companies were insolvent or were likely to become insolvent at some future time.

Allstate's principal banker, Macquarie Bank Limited, has advised the Company that it intends to work closely with the administrators with a view to ensuring the continued operation of the Beaconsfield mine.
As part of this process, it is intended that the current mine employees will continue to be employed by Allstate Explorations NL as manager of the Beaconsfield Mine Joint Venture.

ANACONDA NICKEL (8 JUNE 2001)

The Murrin-Murrin operational performance for the month of May was nickel production 1403t of Nickel, and 92t of Cobalt.
The month saw a planned acid plant shutdown. The major works completed were associated with catalyst screening and maintenance of the sulphur melting area. The shutdown was completed successfully and Murrin Murrin's ramp up to previous forecasts will continue.

In addition to the shutdown the acid plant also experienced a failure of a blower impellor. This has restricted the capacity of the acid plant to @65% of design. We expect to have repairs effected by the end of June. In the interim we are bringing in 3rd party acid via rail and road to supplement production.

The month of June is expected to see the re-establishment of previous ramp-up trends.

AUSTRALIAN GAS LIGHT COMPANY (8 JUNE 2001)

AGL advised that its 66% owned New Zealand subsidiary, Natural Gas Corporation Holdings Limited (NGC), had notified the New Zealand Stock Exchange (NZSE) of a downgrade in profit expectations for the year ended 30 June 2001. A copy of the NGC announcement is attached.

Managing Director of AGL, Greg Martin said, "The New Zealand electricity market is going through a very difficult period. Drought conditions in New Zealand have resulted in electricity hydro lake levels dropping to below two thirds of the average for this time of the year. Together with transmission constraints and generator bidding behaviour, this has meant wholesale electricity prices have moved up to unprecedented levels since late May".

Greg Martin said, "This unforeseen change to NGC's profit expectations will have an impact on AGL's profit result for this year. NGC is currently pursuing a number of options to alleviate the effects of its exposure to the wholesale electricity environment, which include discussions with Government and relevant industry participants. Based on the NGC announcement to the NZSE, AGL's full year profit to 30 June 2001 could be down by approximately 5% on last year's result".

CARBON MINERALS (8 JUNE 2001)

Farmout of Gunnedah Basin Tenements ltr from Pacific Power - Pacific Power has decided to farm out its 20% equity in PELs 1,10,12, and 286, NSW.

I am authorised to advise that the equity is now open to an offer by ACM alone, and that this offer will remain open to ACM alone until the close of business on Friday July 6th. After this date, Pacific Power reserves the right to negotiate with other parties as it sees fit.

We accept that Australian Coalbed Methane Pty Ltd (ACM), as the 80% partner in all these these tenements, holds pre-emptive rights to acquire the equity held by Pacific Power. We are therefore prepared to provide ACM with the opportunity to exercise its rights to match the cash value of any offers made by a third party.

The decision to farm out, which was made the Board of Pacific Power, is a consequence of a Government decision to wind up Pacific Power as a corporate entity. It should not be construed as a reflection of our perceptions of the prospectivity of the tenements.

HAMILL RESOURCES (8 JUNE 2001)

Drilling Program & Non-Renounceable Rights Issue

The drilling program will involve two RC drill rigs targeting mineralisation within the historic Timoni mine environs including the Timoni, Meteor, Unexpected and Federation prospects. The programme will cover approximately 6,000 metres with an average hole depth of 150 metres.

The program will take approximately 2 months to complete with the first results expected within 4 weeks.

In addition, the Company has planned a RAB drilling programme of approximately 10,000 metres to commence in the short term. This program will target the four lode systems within the Timoni mine area.

NON-RENOUNCEABLE RIGHTS ISSUE
As detailed in the Company's Prospectus dated 19 April 2001, the Company is proposing a 1 for 2 non-renounceable rights issue of 20 cent Options. The issue will entitle all fully paid shareholders registered at 5.00pm WST on Thursday 5 July 2001 to subscribe for 1 Option for every 2 fully paid shares then held at an issue price of 1 cent per Option. The Options will be exerciseable at 20 cents per share on or before 31 December 2003. Official Quotation of the Options will be sought.

HELIX RESOURCES (8 JUNE 2001)

Helix has lodged a copy of a bonus issue Prospectus with ASIC.
Under the terms of the Prospectus, the Company will issue approximately 16,841,820 free Options. The basis for shareholder entitlement will be 1 Option for every 3 shares held. The shares will be quoted ex-bonus entitlement from 14 June 2001 with a 20 June 2001 Record Date to determine such entitlements.
Each Option will have an exercise price of $1.00 and will be exercisable at any time before 5.00pm WST 31 October 2002.

MOLOPO AUSTRALIA (8 JUNE 2001)

The directors wish to announce that they have made arrangements to extend the Liulin CBM (coalbed methane) production test in China. The Liulin production test is comprised of 4 wells, each stimulated using a different technique so that Molopo can establish the most effective technique for commercial production.

Results from the test to date have not yet provided sufficient information to allow an analysis of the projects' commercial potential.

SUB-SAHARA RESOURCES (8 JUNE 2001)

Impressive rock chip results from Asmara Project in Eritrea

A total of 120 Rock chip samples have been collected from Sub-Sahara's Asmara Project and a number of very exciting results have been returned.
The project area hosts Volcanogenic Massive Sulfide (VMS) mineralisation with a number of copper/gold, copper/zinc and gold targets having been generated by previous explorers and the rock chip programme results from a first pass regional mapping programme.

SUN RESOURCES (8 JUNE 2001)

Sun Resources NL ("Sun") wishes to update shareholders on development operations on the Eagle Oil/Gas Development, San Joaquin Basin, California, USA.

The well at 1600 hours WST (California) USA was at 4,026 metres. Current operations are drilling ahead in a 5(7/8)" hole with a new bit to a measured depth of 4,557 metres where a horizontal well bore of up to 300 metres length is programmed in the reservoir target.
Current drill prognosis suggests the target Gatchell reservoir should be encountered by late Monday to commence the horizontal well.

UNION CAPITAL (8 JUNE 2001)

Union Capital Limited is currently finalizing the Prospectus for the public offering in Union Zinc Limited, for which shareholders of Union Capital Limited will be offered priority.

The Directors of Union Capital Limited are pleased to announce that shareholders who are recorded on its register of shareholders at 10pm on the 20th June 2001, will be offered priority to participate in the public offering of Union Zinc Limited. Eligible shareholders with 1,000 or more shares in Union Capital Limited will be forwarded a Prospectus, and will need to complete a yellow colour application form that will accompany the Prospectus.

The allocation of shares and options to be issued is at the discretion of the Directors of Union Zinc Limited, and accordingly no guarantee of allotment numbers can be made for any application under this priority.

Union Zinc Limited is floating off 15% of its investment in the Mehdiabad Zinc Project through the issue of 15 million shares and 15 million options to raise approximately $2.9 million. A further 11% (to 26%) may be floated if over subscriptions of an additional 15 million shares and 15 million options, raising an additional $3 million is accepted.

Cullen Resources Limited is pleased to announce that it has been granted Exploration Licence E 63/722 (Killaloe) 20 kms ENE of Norseman, by the Department of Mines and Energy.

Cullen has keenly awaited granting of this licence as it considers the Killaloe area to be of particular strategic importance. It is an area of high prospectivity and has already drawn joint venture interest from major producers and explorers. The Killaloe Exploration Licence covers a 150 sq km area of Archaean greenstones (ultramafic and mafic volcanics) between the Zuleika Shear and the Boulder-Lefroy Fault at the southern end of the Norseman-Wiluna Greenstone Belt. The entire Killaloe Project, which includes adjoining tenement applications of Bansha E63/765 and P63/1131-1133, contains numerous indications of base and precious metal mineralisation and is highly prospective for gold, nickel and base metal deposits.

AMADEUS PETROLEUM (7 JUNE 2001)

Through its 100% owned USA subsidiary, Amadeus Petroleum Inc, the company has executed a contract with Dallas Texas based Gruy LLC to acquire a 50% working interest in an oil exploration project located in Jefferson County, Oklahoma, 20 miles north of the Texas/Oklahoma border.

The leasehold area consists of approximately 21,000 gross acres, being in the region of 34 square miles. Geologically the project area is situated on the northwest nose of the Muenster Arch. Oil was discovered along the Muenster Arch in the mid 1920's and over 150 million barrels of oil have been produced from fields to the southeast of the leasehold, in Jefferson County, Oklahoma and Montague County, Texas.

Amadeus has contracted to spend $US160,000 for leasehold option, geological and geophysical costs and a further $US540,000 on the acquisition and interpretation of 3-D seismic data costs, in order to earn a 50% working interest. The project will be funded out of current cash reserves, leaving all existing bank lines of credit available to fund further acquisitions.

CARNARVON PETROLEUM (7 JUNE 2001)

Carnarvon Petroleum announced that drilling of the second new well on the SW1A Concession in Central Thailand has reached total depth and that oil has been encountered within the F Sandstone interval at depths ranging from 928m to about 1,010m.

Dr Ken Tregonning, Carnarvon's Managing Director, who is currently on-site in Thailand, said "The Wichian Buri-N2 ("WN-N2") well reached total depth of 1,020m yesterday. Preliminary results indicating good oil shows, even better than those of WB-N1, have now been confirmed by electric wireline logs. Preparations are presently underway to run casing and test the F sand."

DELTA GOLD (7 JUNE 2001)

Merrill Lynch Investment Managers Limited became a substantial shareholder in Delta Gold Limited on 01/06/2001 with a relevant interest in the issued share capital of 13,405,000 NPV shares (5.02%).

M&G Investment Management Limited, M&G Limited, M&G Group Limited & Prudential plc became a substantial shareholder in Delta Gold Limited on 22/05/2001 with a relevant interest in the issued share capital of 13,990,848 ordinary shares (5.24%).

EMPIRE OIL & GAS (7 JUNE 2001)

The Company is pleased to announce that the Brooke No 1 Well located 3 kilometres south of the Rough Rango Oil Field in EP141 (Part 3) Exmouth Gulf, has drilled ahead to a depth of 165 metres in 12(1/4)" (311mm) hole with air and foam as of 1800 hours on the 6 June, 2001 and has rigged up and run 9(5/8)" casing to 156.2 metres.
The Brooke No 1 well programme is designed to cement the 9(5/8)" (244mm) casing prior to drilling 8(1/2)(216 mm) hole to a total depth of 1195 metres. The Top of the Birdrong Sandstone reservoir is prognosed at 1135 metres. The calculated volume of potential oil in place is 2.6 million barrels of oil.

HELIX RESOURCES (7 JUNE 2001)

Helix Resources has completed a AUD$7.8 million placement to Lonmin Plc, boosting its cash resources to over AUD$9 million and marking the finalisation of the first key stage of its strategic tie-up with the London-based mining group.

The placement gives Lonmin an 11.8% stake in Helix, making it the largest shareholder in the Perth-based Group. In addition, Lonmin and Helix will shortly finalise a separate Joint Venture Agreement on Helix's Munni Munni PGM Project which will see Lonmin earn a 50% interest by sole funding the cost of a Full Feasibility Study (FFS) on the project and providing technical assistance.

HILLGROVE GOLD (7 JUNE 2001)

Chairman`s AGM Address (part) to Shareholders

Our activities during the past financial year were directed primarily towards the completion of our development plan.

During the year we continued our mine development programme.
We enjoyed a full year of production from our Pressure Oxidation plant.
We have completed a loan agreement for A$20 million with our parent company, Tronoh Mines Malaysia Bhd to fund our development to date.

The construction of Antimony Trioxide plant is proceeding satisfactorily so as to be completed on schedule during November.

JERVOIS MINING (7 JUNE 2001)

New High Tech recovery of nickel & cobalt

About 600kg of laterite sample was sent from Young (NSW) to a well-known highly reputable gold processing laboratory in Sparks near Reno, Nevada, USA. Initial reports on the new testwork are very positive and actual recoveries of nickel from Young saprolite and weathered serpentine were 76% and 85% and are projected to ultimately reach 85% and 95% respectively. It is significant that the crystalline nature of the resources which occur in the Young area are, inherently, ideally suited to this new process. These resource types provide the majority of the big tonnage resources at Young.
Similar leaching results were obtained and are projected for saprolites and weathered serpentines from Beaconsfield, in Tasmania.
Acid consumption is expected to be less than the High Pressure Acid Leach process would consume for the same resource.

MATRIX METALS (7 JUNE 2001)

The first round of drilling has commenced at the highly prospective Mt Watson Prospect. Mt Watson is located 20 km NNW of the Mt Cuthbert Operation and is considered to have the resource potential to substantially increase the life of the Mt Cuthbert Operation.

The initial program comprising approximately 2,500m of reverse air blast (RAB) drilling commenced today with the program designed to test three parallel zones of copper mineralised outcrop which were confirmed in the recent surface mapping program. The three mineralised zones vary in width up to 15m and extend beyond the mapped strike length of 1 km. Additional reconnaissance mapping completed at this stage indicates the strike extends a further 500m.

The initial drilling program is scheduled to be completed in late June with the first interpreted results expected in mid July.

MURCHISON UNITED (7 JUNE 2001)

Murchison announced that an accident had occurred in the Renison Bell mine resulting in the tragic death of two people.
The deaths occurred during routine mining operations when a section of wall suddenly collapsed at the Heemskirk area of the mine, approximately 500 metres below surface. The Emergency Response Team were mobilised immediately following the accident which occurred at around 6.00pm yesterday.

OIL COMPANY OF AUSTRALIA (7 JUNE 2001)

Lilyvale No 03 is situated approximately 5 kilometres south-south-west of GSQ Emerald NS 44, latitude 23deg 20min 43.13sec south, longitude 148deg 18min 02.96sec east. The well was spudded at 16:50 hours of 441.31 metres was reached at 16:00 hours on April 26,2001, and the well was capped and suspended for later abandonment. The well was re-entered at 16:00 hours on June 3, 2001. At 06:00 hours today the cementing string was being run in prior to pumping cement and pluging and abandoning the well.
The primary targets of the well were the coals of the German Creek formation.

The well is subject to a Farmin by Lowell Petroleum NL, a subsidiary of Molopo Australia NL.

ORIGIN ENERGY (7 JUNE 2001)

Geographe 1, which was spudded on 30 May 2001, has been drilled to a depth of 1664mRT. As at 7 June, 9(5/8)" intermediate casing is being run in the 12(1/4)" hole. Preparations will then be made for drilling the 8(1/2)" section.
Geographe 1 is being drilled using the Ocean Bounty semi submersible drilling rig and is planned to be drilled to a depth of at least 2120mRT. The well is located in Victorian offshore exploration permit VIC/P43, approximately 55 kilometres from the Victorian coastline off Port Campbell, and approximately 15 kilometres north of the recent Thylacine discovery in adjacent permit T/30P.

PIMA MINING (7 JUNE 2001)

Entitlement Issue - to provide funds for the ongoing development of Pima's business of mineral exploration and development of the SAMAG Magnesium Metal Project.
The Entitlement Issue is intended to raise approximately $5.6 million of new capital for the Company in the event that no Existing Options are exercised. Approximately $22.2 million would be raised in the event that all Existing Options are exercised prior to the Record Date and Entitlements attaching to the Shares issued pursuant to their exercise are subscribed for.

ROC OIL COMPANY (7 JUNE 2001)

Activity Update

ROC EXERCISES OPTION TO ACQUIRE INTEREST IN 18 MILLION ACRES OFFSHORE MAURITANIA
COURBINE-1 EXPLORATION WILDCAT COMMENCES DRILLING OFFSHORE MAURITANIA
SECOND OIL DISCOVERY ANNOUNCED ON TREND TO THE SOUTH OF ROC'S RIO MUNI BASIN ACREAGE, OFFSHORE EQUATORIAL GUINEA
CHESTNUT OIL FIELD APPRAISAL WELL IN THE UK NORTH SEA PREPARES FOR EXTENDED WELL TEST
PREPARATIONS UNDERWAY FOR THIRD WELL AT THE KYLE OIL FIELD IN THE UK NORTH SEA.

SUN RESOURCES (7 JUNE 2001)

Sun Resources NL ("Sun") wishes to update shareholders on development operations on the Eagle Oil/Gas Development, San Joaquin Basin, California, USA.
The well at 1600 hours WST (California) USA was at 4,017 metres. Current operations are running back in hole with a new bit to resume drilling ahead in a 5(7/8)" hole to a measured depth of 4,557 metres where a horizontal well bore of up to 300 metres length is programmed in the reservoir target.

VICTORIA PETROLEUM (7 JUNE 2001)

Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is at a depth of 4,017 metres, and running back into the hole with a new bit, to resume drilling ahead and building angle towards the primary objective and horizontal well section.
The well will be drilled to a measured depth of 4557 metres. A horizontal well bore of up to 300 metres in length between 4252-4557 metres is programmed.

Lakes Oil N.L. has been advised by Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, that the Eagle-1 well is at a depth of 4006 metres, and drilling ahead and building angle towards the primary objective and horizontal well section.

The well will be drilled to a measured depth of 4557 metres. A horizontal well bore of up to 300 metres in length between 4252 – 4557 metres is programmed.

Eagle No. 1 will be the first well in the Eagle Oil Pool Development Project, a horizontal drilling project targeting potential recoverable reserves of up to 24 million barrels of oil and 62 billion cubic feet of gas.

The Directors of Arrow announced the commencement of a six well (four firm and two optional) coal bed methane (CBM) exploration drilling program in the Surat Basin, South East Queensland.

Two of the proposed wells are located near the town of Chinchilla within ATP 676P(Chinchilla Block) that is owned 100% by Australian CBM Pty Ltd (ACBM) (Figure 1). Arrow recently announced that it had entered into an option to purchase 100% of ACBM.

The wells in the Chinchilla area are located between the successful Avon Downs-1 and Wyalla-1 wells recently drilled by Queensland Gas Company Ltd (QGC). ACBM will have a 50% equity in the Avon Downs-1 and Wyalla-1 areas after QGC completes its drilling, dewatering and flow testing farmin commitments.

CityView has received notice from PT Medco Energi Corporation ("Medco"), the operator of the Simenggaris and Madura Blocks, that it will award the contract for the dredging of the approach channel at Pidawan in the Simenggaris Block next week. Dredging will be to a depth of 3-4 metres, a width of 40 metres and a length of approximately 660 metres. Upon completion of the dredging, the drilling of the well at Pidawan can commence immediately.

Site preparations for the drilling of the well at Sebaya in the Madura Block have been completed. Medco will despatch its rig to the Sebaya site as soon as the land acquisition program has been finalised for the drilling of the second well in the Madura Block at Karasan.

The Brooke No 1 Well located 3 kilometres south of the Rough Range Oil Field in EP41 (Part 3) Exmouth Gulf, has drilled ahead to a depth of 116 metres in 12 1/4" (311mm) hole with foam as of 2400 hours on the 5 June, 2001.

The Brooke No 1 well programme is designed to drill the 12 1/4" hole to 150 metres then run and cement 9 5/8" (244mm) casing prior to drilling 8 1/2" (216mm) hole to a total depth of 1195 metres. The Top of the Birdrong Sandstone reservoir is prognosed at 1135 metres.

Drilling at the Labelle Tantalite Resource in the Northern Territory commenced on Friday 1st June and to date 22 holes for 722 metres of reverse circulation drilling have been completed.

This previously reported indicated resource of 140 000 tonnes at 130 g/t tantalum (0.29 lbs/t), 160 g/t tin is among 60 known tantalite bearing pegmatites within the project area. The Bynoe Tantalite Project covers a total of 765 square kilometres in the Bynoe Tin/Tantalite Field 60km south west of Darwin. Pegmatite and its weathered components are the host rocks for most economic tantalum deposits of the world, and the largest of these have been found within Australia. Tantalum is the metal derived from the naturally occurring mineral known as tantalite.

Drilling at Labelle has already identified a new mineralised pegmatite to the east of the existing ore body that has been traced for 100m and is not closed off to the north or south. This new zone has an average indicated width of 20-30 metres and potential to double the overall resource. Drilling has intersected this new zone to a vertical depth of 40 metres with no indication of it narrowing.
Zones within the pegmatite visually indicate extremely good potential for high grade mineralisation yet to be confirmed by assay.

Chatree Gold Project Thailand
A program of exploration drilling has been finished at A Prospect. This is the first exploration program at Chatree for 2 years, due to the demands of feasibility, permitting and construction.

Mineralisation at A Prospect consists of low sulphidation epithermal quartz, carbonate stockworks and breccias within a silicified andesitic host sequence and is similar to that to be mined at Chatree. The Mineralisation is located within a wide structural zone over a length of about 1,300 metres.

Lafayette is pleased to announce initial results of the recent exploration on the Rapu Rapu project, Highlights include:

The Directors of Pima Mining NL ("Pima") advise that its wholly owned subsidiary SAMAG Limited has increased the design capacity of its proposed magnesium plant to 65,000 tonnes pa following further engineering studies.
This 24% increase in proposed capacity will involve a modest increase in the overall capital cost. This will lead to a reduction in SAMAG's capital intensity, further improving the project's economics.

Striker has entered into an agreement with De Beers Australia Exploration Limited (DBAE) with respect to the company's interests in several diamond exploration tenements representing, in part, the Casuarina project area.
In broad terms the Agreement provides DBAE with the right to earn a 50.1% interest in certain tenements by completing minimum expenditure of approximately $5 million.

Over the past few months, your company has undergone a number of significant changes that we believe will add significant value to your shareholding and it is an appropriate time to bring you up to date with a brief account of recent and forthcoming activities of your Company.

The Company has acquired all of the options and in excess of 90% of the shares in Universal Gold NL pursuant to the offer document dated 3 April 2001, and it is envisaged the remaining shares will be acquired in the next month or so. The takeover, which was approved by shareholders at the EGM on 9 May 2001 has expanded Maiden's portfolio of exploration properties in Tanzania and the Directors believe the additional projects make the Company more attractive and give us a greater chance of exploration success.

Sun Resources NL ("Sun") wishes to update shareholders on development operations on the Eagle Oil/Gas Development, San Joaquin Basin, California, USA.

The well at 1600 hours WST (California) USA was at 4,006 metres and is currently drilling ahead in a 5(7/8)" hole to a measured depth of 4,557 metres where a horizontal well bore of up to 300 metres length is programmed in the reservoir target.

Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, advises that the Eagle-1 well is at a depth of 4,006 metres, and drilling ahead and building angle towards the primary objective and horizontal well section.
The well will be drilled to a measured depth of 4557 metres. A horizontal well bore of up to 300 metres in length between 4252 - 4557 metres is programmed.

Portfolio Partners ceased to be a substantial shareholder in Western Metals Limited on 04/06/2001.

USA
Icon regrets to announce that it is necessary to suspend drilling operations in the development well, Icon Victory Financial No.1 in Louisiana, due to mechanical problems on the drilling rig.

Following a mechanical breakdown on the rig the conditions in the well bore deteriorated when the mud circulation system was down while repairs were being made. This caused the drill bit to stick and a small portion of the bottom hole assembly could not be recovered. A decision was made to switch to a different drilling mud system before proceeding further and this particular rig requires minor modifications to prepare for these operations. This bears no relation to the previous problems encountered and is purely mechanical. Therefore the well is to be suspended and prepared for re-entry as soon as another rig is available and equipped to the specifications we now require. Every effort is now being made to locate a suitable rig and indications are that one could be available within 3 months.

ARC ENERGY (5 JUNE 2001)

YARDARINO-5 APPRAISAL WELL, DRILLING REPORT NORTHERN PERTH BASIN, WESTERN AUSTRALIA
Well was spudded at 5:30 pm on 3 May 01. Make up BHA, run in hole, drill ahead to 720 metres.

The Yardarino 5 well will be drilled to a total depth of 2500 metres and is expected to take approximately 15 days to drill and complete for production. The well is a development/appraisal well on the Yardarino Field, six kilometres to the east of Dongara and is some 400 meters from an existing flow line to the Dongara processing facility.

Commonwealth Bank of Australia decreased its relevant interest in ARC Energy NL on 01/06/2001, from 8,097,072 ordinary shares (9.31%) to 7,059,359 ordinary shares (5.16%).

ARROW ENERGY (5 JUNE 2001)

Arrow has entered into an option to purchase 100% of Australian CBM Pty Ltd (ACBM), a privately owned company with substantial interests in several key Walloon Coal Bed Methane (CBM) projects in the eastern Surat Basin in southeast Queensland.

The option to purchase ACBM may be exercised by Arrow in two stages. 55% of ACBM may be purchased by exercising the first stage option on or before July 2, 2001 and making the payment of a total of $450,000 cash and issuing 2.5 million fully paid Arrow shares and 4.5 million 20 cent options expiring 28 February 2004. Arrow has a further option to purchase the remaining 45% of ACBM on or before July 2, 2002 by paying an additional $320,000 cash and issuing 2.5 million Arrow shares and 4 million 20 cent options expiring 28 February 2004.

Several of the ACBM project areas are subject to farmin agreements with Queensland Gas Company Limited (QGC). Arrow understands that QGC may drill and test a further fourteen wells in order to earn a 50% interest in part of ATP676P, ATP689P and 75% of ATP574P, but only to the base of the Jurassic age Walloon Coal Measures in all areas. Arrow has been advised that ACBM estimates a full farmin program would cost in excess of $2.0m to complete.

AUSTRALIAN MAGNESIUM CORPORATION (5 JUNE 2001)

Australian Magnesium Corporation Limited (AMC) is pleased to announce the finalisation of a A$932 million underwritten debt package for the development of its 90,000 tonnes per annum Stanwell Magnesium Project near Rockhampton in Central Queensland.

Once commissioned AMC expects the Stanwell plant will be the largest and among the lowest cost magnesium metal producers in the world.

The A$932 million debt package is underwritten by ABN AMRO Bank NV (ABN AMRO), Westdeutsche Landesbank Girozentrale (WestLB), ANZ Investment Bank (ANZ) and JPMorgan.

AMC Chairman Dr Roland Williams, said the Company would now proceed with plans for a A$680 million global equity offer to institutional and Australian retail investors.

AMC intends to lodge a prospectus with the Australian Securities and Investment Commission in mid-June 2001. A formalised offer timetable will be released with the prospectus.

BLIGH OIL & MINERALS (5 JUNE 2001)

NEW ZEALAND - PEP38719, TARANAKI BASIN, BLIGH INTEREST: 5.00%
The Kauri-1 exploration well is currently drilling ahead in 12(1/4)" hole, at a depth of 2624 metres.

Kauri-1 is being drilled to a total depth of 4500 metres to evaluate the Tariki sandstone, Rimu limestone and Cretaceous sandstone reservoirs within upper and lower thrust blocks in the large Kauri structure. The well is expected to take a further 20 days to reach total depth.

NEW ZEALAND - PML 38141, TARANAKI BASIN, BLIGH INTEREST: 1.62%
The Te-Popo-1 well is currently at a depth of 2920 metres. The well is being drilled to evaluate the north-eastern extent of the Tikorangi reservoir in the Waihapa-Ngaere field, in which Bligh holds a 1.62% interest through its 50% owned subsidiary, Bligh Oil & Minerals (NZ) Ltd. The well has been logged and 7" casing will be run prior to drilling ahead into the target Tikorangi Formation.

DALRYMPLE RESOURCES (5 JUNE 2001)

The joint venture is pleased to announce the completion of a Bankable Feasibility Study on the Thunderbox gold deposit located within the Wildara Project, north-eastern goldfields of Western Australia.

Dalrymple has a 40% interest in Thunderbox together with LionOre Mining International Ltd (a company listed on the Toronto Stock Exchange) who manages the Project and holds a 60% interest.

The Study proposes an open pit mining operation with a waste to ore strip ratio of 3.5:1 and an on-site, stand alone treatment facility.
The initial mine life is estimated at five years based on current reserves. There is considerable scope to extend this life with further investigation of underground mining opportunities within the existing resource base and the excellent potential for ongoing exploration success within the region.

DIORO EXPLORATION (5 JUNE 2001)

The joint venture manager of the Frog's Leg project, Mines and Resources Australia Pty Ltd, has advised that exploration has recommenced over the Frog's Leg Project. Three drill rigs are currently operational at the project.
Mines and Resources have also advised that the recalculation of the resource at Frog's Leg following the last phase of exploration will now be available in mid June to allow for specialist input from Mines and Resources head office in France. The re-calculation will be released to the market as soon as it is available.

EMPIRE OIL & GAS (5 JUNE 2001)

The Brooke No 1 Well located 3 kilometres south of the Rough Range Oil Field in EP41 (Part 3) Exmouth Gulf, has drilled ahead to a depth of 75 metres in 12(1/4)" (311mm) hole with air as of 1800 hours on the 4 June, 2001.
The formation currently being drilled is the Trealla Limestone which is a very hard formation being drilled with air as it is a "loss of circulation prone zone" when drilled with conventional water based drilling fluids.

The Brooke No 1 well programme is designed to drill the 12(1/4)" hole to 150 metres then run and cement 9(5/8)"(244mm) casing prior to drilling 8(1/2)"(216mm) hole to a total depth of 1195 metres. The Top of the Birdrong Sandstone reservoir is prognosed at 1135 metres.

FIRST AUSTRALIAN RESOURCES (5 JUNE 2001)

NEW BARN PROSPECT, CASS COUNTY, TEXAS NEIL HEIRS #1 WELL
The Neil Heirs-1 is currently drilling ahead at 9,345 feet using Grey Wolf Rig #710. The primary objective Cotton Valley Formation (known as the King Sand) is expected between 10,000 feet and planned total depth of 10,950 feet.

Earlier gas shows recorded in secondary objectives between 7,732 and 7,742 feet, between 7,800 and 7,805 feet and between 7,891 and 7,902 feet will be evaluated by logs once the well has reached total depth (10,950 feet).

GOLDEN STATE RESOURCES (5 JUNE 2001)

MENZIES NICKEL PROJECT
The Company has commenced deep Reverse Circulation drilling of a massive nickel sulphide target identified at the Menzies Nickel Project.

The drilling follows up on recent TEM geophysical surveys that tested four kilometres of strike of the basal sequence of the Walter Williams Formation for massive sulphide targets on the Highway Extended Prospect (87% owned by Golden State). The survey successfully located a number of discrete conductivity anomalies, potentially indicative of massive sulphide occurrences.

The targeted anomaly is close to the basal contact within a large demagnetised area. Computer modelling indicates a strong bedrock conductor, with a depth to top of 100 to 150 metres, over two 50m spaced EM traverse lines.

Initially two holes will be drilled to 200 metres depth to test the target. Further drilling will depend on results. The target host rocks are covered by 30 metres of transported overburden, masking them from previous nickel exploration.

HIGHWAY LATERITIC NICKEL PROSPECT
Golden State also plans to begin RC drilling during June to expand its lateritic nickel resource deposit at Menzies.
This follows recent announcements by our neighbour Heron Resources NL of further high-grade lateritic nickel intersections.

KIMBERLEY DIAMOND COMPANY (5 JUNE 2001)

Eight diamonds weighing 3.98 carats (average stone size 0.498 carats) were recovered from 170 tonnes of material treated from Pit 77 on KDC's 100 percent owned Blina tenement, north of Pit 61 where 46 diamonds weighing 21.61 carats were recovered last year. Pit 77 is one of two channels to the north of Pit 61. These results indicate that the undiscovered source of the Terrace 5 diamonds lies to the north of the previously defined main Terrace 5 valley.

NORMANDY MINING (5 JUNE 2001)

Another major step in Normandy's program of reducing its exposure to non-gold assets and simplifying its business has been facilitated with the announcement today that AMC has secured $932 million in underwritten, non-recourse bank funding for the Stanwell Project.

This complements funding already in place of $50 million from the Queensland Government, $50 million from the Australian Federal Government and $70 million from Stanwell Corporation Ltd.

PIMA MINING (5 JUNE 2001)

The company proposes to make a non-renounceable issue of fully paid ordinary shares on a one for ten basis to shareholders registered at 5pm on 22 June 2001.

The shares will be issued at an issue price of $0.20 each and the issue is underwritten by KTM Capital Pty Ltd ("KTM") for a fee of 4.5% on the additional capital to be raised of $5.62 million.

The proceeds of the issue will be used to provide additional working capital to assist in funding the SAMAG Magnesium Project through Bankable Feasibility and Financial Close.

TUART RESOURCES (5 JUNE 2001)

An agreement to acquire the exploration licence number E29/459 in the North East Coolgardie mineral field from Mabank Nominees Pty Ltd, known as the Lake Barlee Project.

The tenement is adjacent to existing Tuart exploration licences at Cashmere and contains a number of reported gold occurrences within a well defined greenstone belt.

ENCOURAGING NICKEL RESULTS AT CASHMERE
TARGET A6:
Target A6 is located in the central tenement area near the northern end of a 10 kilometre long ultramafic/mafic volcanic rock sequence.
The area was selected for drilling based on soil nickel, cobalt and chromium anomalies and a coincident geophysical EM anomaly. Follow-up RC drilling located approximately 400 metres to the south of the original RAB holes intersected additional near surface mineralisation, hole A6 RC4-0.54% Ni over 36 metres with 0.70% Ni over 12 metres from the same hole and 0.62% Ni over 24 metres from hole A6 RC5.

THE BASIN PROSPECT (TARGET A12)
The northern tenement area contains a number of excellent targets which have been generated from geophysical and geochemical data.

Recent RC drilling within a 20 kilometre long fold structure has intersected a disseminated sulphide mix, pyrrhotite, pentlandite and chalcopyrite in 2 sheared serpentenised ultramafic (hole A12 RC4), from 29-32 metres with an additional sulphide zone from 48 to 71 metres. This is the first hole to be drilled on the geophysical anomaly within the central basin area and is located 150 metres east of the original A12 target. To the north of A12 within the same structural zone hole A13 RC3 intersected 0.80% Ni and 0.047% Co at a depth of 16-24 metres.

WOODSIDE PETROLEUM (5 JUNE 2001)

Woodside Petroleum Ltd, Operator of the Mauritania, Area B Joint Venture, reports that the Courbine-1 well was spudded on 29 May 2001.
The well was drilled to a depth of 2094 metres and is currently experiencing difficulties in setting the 20 inch casing at this depth.
The Courbine-1 well is located offshore Mauritania in 1226 metres of water. Planned total depth is 4,000 metres.

Woodside Petroleum Ltd, Operator of the WA-4-L Joint Venture, reports that the Maia-1 exploration well located in the Carnarvon Basin is currently logging prior to the well being plugged and abandoned at 3179 metres. No hydrocarbons were encountered.

GTECH INTERNATIONAL RESOURCES (4 JUNE 2001)

Gtech International Resources Limited (GCH: CDNX) announces that further to its press release of April 25, 2001, it is using the funds received from its recently closed private placement to pursue new business opportunities. Dr. Mervyn Jacobson, the new Chairman of the Board of the Company, is investigating a number of opportunities in the biotechnology field for the Company. In consideration of his time, the Company granted Dr. Jacobson a stock option to purchase 130,000 shares at $0.38 per share expiring on May 22, 2006.

Grenfell Resources Limited is pleased to announce the discovery of a new gold and copper mineralised zone at the Soyuz prospect 25 kilometres northwest of Tarcoola.

An intersection of 7 metres @ 4.83g/t gold from 26 metres to the end of hole at 33 metres has been returned on the last hole, SOYUZ06, of the programme. Anomalous copper and silver are associated with this interval

Lakes Oil N.L. has been advised by Origin Energy Resources Limited, as Operator for the PEL 72 Joint Venture, that as at 8.00 am this morning the McNamara Park-1 well was at a total depth of 2062 metres and running abandonment plugs.

Drill Stem Test No. 2, over the interval 1,917.5 - 1,936 metres, tested the top of the primary target, Waarre Formation sands, and recovered 1,830 metres of slightly gas cut water. This test was conducted by the Operator on behalf of Lakes Oil N.L. and Victoria Petroleum N.L.

Lakes Oil N.L. has been advised by Victoria Petroleum NL, as Operator for the Eagle Project Joint Venture, that the Eagle-1 well is at a depth of 3,973 metres, and changing the bottom-hole assembly in preparation for drilling ahead and building angle towards the primary objective and horizontal well section.

The well will be drilled to a measured depth of 4557 metres. A horizontal well bore of up to 300 metres in length between 4252 – 4557 metres is programmed.

Eagle No. 1 will be the first well in the Eagle Oil Pool Development Project, a horizontal drilling project targeting potential recoverable reserves of up to 24 million barrels of oil and 62 billion cubic feet of gas.

In the fourth quarterly report for 2000 reference was made to encouraging silver in rock samples from Mt Gunyan Southeast Prospect. Grid soil sampling has now defined a silver in soil anomalous zone in excess of 300m long and up to 100m wide with a maximum soil value of 47g/t silver (similar peak soil value to peak soil value at Twin Hills Silver Mine site). Both to the north and south of the above anomalous zone silver anomalism appears to pass into gold anomalism.

The Mt Gunyan Southeast Prospect is 1.5 kms southeast of the Mt Gunyan Prospect which has an Inferred Resource of 2.2Mt at 132g/t silver and 0.94g/t gold for 12 million ozs of contained silver equivalent. Mt Gunyan itself is scheduled for ore definition drilling after the start up of the Twin Hills Silver Mine and could be Macmin’s second silver mine in the Texas District. The Mt Gunyan Southeast Prospect is also approximately 4km east of the proposed silver mine at Twin Hills. (Inferred Resource of 25M ozs silver, including 15M ozs silver in Indicated and Measured catagories).

Twenty five rock samples were collected from Mt Gunyan Southeast and 23 are regarded as anomalous in silver. In addition to silver, indicator elements such as antimony, arsenic and lead all exhibit similar ranges in values to those in rock samples from Twin Hills. Soil samples also exhibit similar values and range of values for indicator elements to Twin Hills. Silica adularia alteration which hosts the Twin Hills orebody is also widespread at Mt Gunyan Southeast.

In summary, the Mt Gunyan Southeast Prospect is geochemically and geologically similar to Twin Hills; is less than 1.5km from the 12M ozs silver Inferred Resource at Mt Gunyan; and is regarded by Macmin as having very high potential to host a further silver resource in the Texas District.

The Board of Pan Australian Resources NL is pleased to announce that $1,962,359 was raised under the Prospectus dated 6 April 2001 through an Entitlements Offer and General Offer.

The Entitlements Offer closed on 22 May 2001 and the General Offer closed on 1 June 2001.

Pan Australian has $2.4 million cash on hand after deduction of costs of the Issue. This is sufficient working capital for the Company to complete the first phase of the Feasibility Study for the Puthep Project in Thailand by February 2002.

In addition, there are sufficient funds for Pan Australian to commence drilling at the Phu Kham/LCT gold project in Laos and to continue its evaluation of the Hawkwood Palladium/Platinum Project in Queensland.

EMPIRE OIL & GAS (4 JUNE 2001)

The Brooke No 1 Well located 3 kilometres south of the Rough Range Oil Field in EP41 (Part 3) Exmouth Gulf, has drilled ahead to a depth of 40 metres in 12(1/4)" (311mm) hole with air as of 1800 hours on the 3 June, 2001.

The Brooke No 1 well programme designed to drill the 12(1/4)" hole to 150 metres then run and cement 9(5/8)" (244mm) casing prior to drilling 8(1/2)" (216mm) hole to total depth of 1195 metres. The Top of the Birdrong Sandstone reservoir is prognosed at 1135 metres.

Recent Magnetotelluric (MI) Survey Station recorded and interpreted over the last week indicate that the Laura Prospect located immediately adjacent to the Brooke Prospect is oil charged and is likely to be the westward extension of the Brooke Prospect with a similar volume of potential Oil In Place as the Brooke Prospect.

The Brooke Prospect has a potential volume of Oil In Place of 2.6 million barrels.

GATEWAY MINING (4 JUNE 2001)

Gateway Mining NL wishes to announce a new joint venture agreement with Goldfan Limited (a member of the Herald Resources Group) that covers part of Gateway's Gidgee Project in Western Australia.

Under the agreement, Gateway will have the right to earn 85% equity in the prospective Montague Mining Leases (ML 57/48,98,99,217 and GPL57/2) by contributing $100,000 towards Joint Venture Expenditure within a three year period.

The Joint Venture properties are part of Gateway's Gidgee Project located 630 kilometres northeast of Perth containing the Gum Creek Greenstone Belt, a 100 x 25 kilometre zone located on the western margin of the East Murchison Mineral Field.

The company has agreed to form a new joint venture covering the four mining leases that cover the Montague Mining centre. Gateway's land holding totally surrounds the joint venture area that has produced over 100,000 ounces of gold.

GOLDFIELDS (4 JUNE 2001)

Goldfields' wholly owned subsidiary, Paddington Gold Pty Ltd (Paddington), has entered into an Exploration and Farmin Joint Venture Agreement with Solomon Resources Limited (Solomon) to explore the Randalls and Mt Monger gold properties. This 650 sqkm contiguous block of tenements is collectively referred to as the Kalgoorlie Southeast Project (KSP) and is 50 kilometres east of Kalgoorlie, Western Australia, within trucking distance of Goldfields' Paddington mill.

Existing resources at Randalls are estimated at 2.3 million tonnes at 3.9 g/t gold for 291,000 contained ounces, and include the Maxwells open pit with 1.4 million tonnes grading 3.75 g/t gold. Previous production between 1992 and 1997 was 240,000 ounces recovered from 2.75 million tonnes mined.

OTTER GOLD MINES (4 JUNE 2001)

Otter Gold Mines has given notice to the mining contractor, (Roche Mining), at its 60% owned Tanami Mine (AngloGold 40%), to cease mining operations as at 30 June 2001. Approximately 12 Tanami Mine site staff associated with those mining operations will be made redundant.

Milling of ore stockpiles is anticipated to continue through to the end of September, 2001. Negotiations are at an advanced stage with Normandy NFM Limited on the leasing of the Tanami treatment plant (and associated infrastructure) to enable NFM to treat ore from their Groundrush deposit (42km from the Tanami treatment plant).

Preliminary results of soil sampling on the Flinders Island Diamond Project in South Australia have been received. Sampling was conducted on a regular grid basis throughout the island with more intense sampling concentrated over selected areas were previous sampling had indicated the presence of kimberlitic mineral anomalies.

One such area, known as Flinders Paddock, is situated some 3 kilometers to the north west of the Gem Grid area in which most of the kimberlitic minerals found to date have been located.

Preliminary results received today from an independent laboratory in Perth reveal anomalous concentrations of kimberlitic minerals from all samples collected at Flinders Paddock. This indicates that in addition to the Gem Grid area, the Flinders Paddock area is also likely to host kimberlite.

Results of the remaining samples that were collected over the island are expected by the end of July at which time additional work including drilling is planned.

YAMARNA GOLDFIELDS (4 JUNE 2001)

Further to previous announcements in relation to this matter Yamarna Goldfields Limited ("Yamarna" or "the Company") is advised that, pending approval by shareholders of De Grey of the revised capital structure of De Grey, a prospectus is anticipated to be lodged shortly with the Australian Securities and Investments Commission for the issue of up to 17,500,000 new shares and options in De Grey at a subscription price of 20 cents per share to raise up to $3.5 million.

As a consequence of the revised capital structure the number of De Grey shares to be allotted to Yamarna will be 2,000,000 upon completion of the listing of De Grey on the Australian Stock Exchange.

The Directors of Queensland Gas Company Limited (QGC) announce that the company has commenced a six well coring program. This program, combined with information that will be obtained from the dewatering of existing QGC wells will assist in defining and measuring the Coal Bed Methane resources in its acreage.

This program, QGC Surat Basin Coring Program (Phase1), will target coals from the Kogan and Macalister seams, the two uppermost seams of the Juandah interval, the upper coal interval of the Walloon Coal Measures. The six wells in the program (Berwyndale 2, Lawton 2, Pinelands 2, Bellevue 1, McNulty 1 and Broadwater 1) are located across the company’s acreage from just south of Wandoan to south of Dalby.

For details, click here.

ANACONDA NICKEL (1 JUNE 2001)

Anaconda Nickel Limited today announced a series of developments designed to ensure the company maintains its strong track record of growth to its shareholders. This development complements the announcement of the $92.7 million fully underwritten $2.00 rights issue yesterday. Other shareholders Anglo American plc ("Anglo") and Sherritt International Corporation have indicated their support for the issue.

Mr Norman Coldham-Fussell has retired as Chairman and Director of the Board and the company wishes to record its great gratitude for the contribution, professionalism and energy with which Mr Fussell has conducted his six years service to the company, recently as chairman.

The CEO of Anaconda, Mr Andrew Forrest said all shareholders would appreciate the successful development of Murrin Murrin and the company's growth strategy could not have been achieved without Mr Fussell's involvement with the company.

The company is also pleased to announce that Mr Willy Strothotte, Executive Chairman of Glencore International AG, has been appointed as a director to fill a casual vacancy on the Board.

At the Board meeting today, Mr Ian Delaney was elected to fill the position of chairman on an interim basis until 31 December 2001, at which time the Board will elect a permanent chairman.

AUIRON ENERGY (1 JUNE 2001)

Old Mutual fully underwrites Rights Offer at 85 cents (31.25 pence) per share
Prospectus available mid-June with acceptances closing on 9 July

AuIron announced today the details of a 1-for-4 non-renounceable Rights Offer of 65,157,846 New Ordinary Shares at 85 cents or 31.25 pence per share. The Rights Offer, which will raise net proceeds of approximately A$50.3m (GBP18.5m), is being fully underwritten by Old Mutual Securities in London where AuIron is listed on the AIM market.
The prospectus will be posted to shareholders in mid June.

HARDMAN RESOURCES (1 JUNE 2001)

Hardman Resources NL provides the following progress report for the drilling of the Courbine-1 well offshore Mauritania.

PROGRESS AND CURRENT OPERATION: (14:00 hours WST 31 May 2001)
Currently at 1,330 metres depth. Ran and commenced cementing 30" (762mm) conductor.

FORWARD PROGRAMME:
Cement 30" conductor and drill 26" hole.

Projected drilling time for the Courbine-1 well (P50, most likely case) is 62 days. The well is located approximately 95 kilometres from the coastline in Joint Venture Area B.

NOVUS PETROLEUM (1 JUNE 2001)

Novus Petroleum Limited has announced exploration success in its Ras El Hekma Concession in Egypt and is drilling ahead in another exploration well in the adjoining Khalda Offset Concession.

The Ras El Hekma 2X exploration well has tested gas and flowed at a stabilised rate of 11.5 million standard cubic feet per day and 2,120 barrels of condensate per day from two zones in the Lower Cretaceous AEB 5B formation. The well is located in the southwestern part of Novus' Ras El Hekma Concession in Egypt's Western Desert.

The commerciality of this discovery is enhanced by its close proximity to the existing infrastructure of Novus' Western Desert Gas Development Project (WDGDP) and follows on from a stream of discoveries in Novus' Western Desert acreage.

SUMMIT RESOURCES (1 JUNE 2001)

Summit has finalised the Isa North Funding and Joint Venture Agreement with Noranda Pacific Pty Ltd, the Australian subsidiary of Toronto listed international mining company Noranda Inc ("Noranda").

The first placement of funds, A$500,000 has been received by Summit and the Company has issued 2.5 million shares to Noranda. The shares were issued at A20 cents (NZ25 cents); a significant premium to the current market price.

Exploration is underway on the George Fisher North targets with control aerial photography flown, geological interpretation and drill site selection in progress, a five hole 3,000 metre drill contract out to tender and drilling anticipated to commence later in June 2001.

Friday 29th June 2001 (Close of Business)
All Ords	3425.2*	+67.0	Dow Jones	10,502.40	-63.81
ASX200	3490.3*	+69.8	S&P 500	1224.42	-1.78
All Resources	1556.6	+15.0	Nasdaq	2160.54	+35.08
All Mining	701.3	-1.6	Gold - spot/oz	US$270.70	+1.40
All Gold	832.5	+3.2	Silver - spot/oz	US$4.30	+0.01
AGC Explorers	591	na	Platinum - spot	US$549.00	-3.00
Energy	1748.2	+50.9	Palladium - spot	US$600.00	+15.00
All Industrials	5881.0	+124.7	Bridge CRB Futures Index	205.56	+1.49
FTSE 100	5642.5	+4.1	Crude Oil (NYMEX)	US$26.25	+0.69
Nikkei	12,969.05	+289.17	Copper (spot $US/tonne)	US$1571	-8
Hang Seng	13,042.53	+214.71	Lead (spot $US/tonne)	US$447	-1
A$ = US51.00c		+0.37	Zinc (spot $US/tonne)	US$887	+1
A$ = 63.58yen		+0.43	Nickel (spot $US/tonne)	US$6210	-45
A$ = 0.600euro		+0.002	Aluminium (spot $US/tonne)	US$1445	+3
US 30-Year Bond	5.390%	+0.064	Tin (spot $US/tonne)	US$4710	unch
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Thursday 28th June 2001 (Close of Business)
All Ords	3358.2	+10.7	Dow Jones	10,566.21	+131.37
ASX200	3420.5	+10.7	S&P 500	1226.20	+15.13
All Resources	1541.6	+18.7	Nasdaq	2125.46	+50.72
All Mining	702.9	+5.6	Gold - spot/oz	US$269.30	-2.70
All Gold	829.3	+1.9	Silver - spot/oz	US$4.29	-0.01
AGC Explorers	591	-1	Platinum - spot	US$552.00	-10.00
Energy	1697.3	-17.8	Palladium - spot	US$585.00	-13.00
All Industrials	5756.4	+9.7	Bridge CRB Futures Index	204.07	+0.15
FTSE 100	5638.4	+36.2	Crude Oil (NYMEX)	US$25.60	-0.01
Nikkei	12,679.88	-149.10	Copper (spot $US/tonne)	US$1579	+7
Hang Seng	12,820.10	-184.11	Lead (spot $US/tonne)	US$448	+6
A$ = US50.63c		-1.13	Zinc (spot $US/tonne)	US$886	+5
A$ = 63.15yen		-1.18	Nickel (spot $US/tonne)	US$6255	+5
A$ = 0.598euro		-0.004	Aluminium (spot $US/tonne)	US$1442	unch
US 30-Year Bond	5.326%	+0.093	Tin (spot $US/tonne)	US$4710	-10
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Wednesday 27th June 2001 (Close of Business)
All Ords	3347.5	-22.5	Dow Jones	10,434.84	-37.64
ASX200	3409.8	-24.4	S&P 500	1211.07	-5.69
All Resources	1522.9	-3.8	Nasdaq	2074.74	+10.12
All Mining	697.3	-3.7	Gold - spot/oz	US$272.00	-4.90
All Gold	827.4	-0.7	Silver - spot/oz	US$4.30	-0.05
AGC Explorers	592	na	Platinum - spot	US$562.00	-1.00
Energy	1715.1	-13.0	Palladium - spot	US$598.00	-4.00
All Industrials	5746.7	-42.5	Bridge CRB Futures Index	203.92	-1.85
FTSE 100	5602.2	+46.5	Crude Oil (NYMEX)	US$25,55	-1.43
Nikkei	12,828.98	-149.84	Copper (spot $US/tonne)	US$1572	-8
Hang Seng	13,004.21	+42.24	Lead (spot $US/tonne)	US$442	+3
A$ = US51.76c		-0.44	Zinc (spot $US/tonne)	US$881	+1
A$ = 64.34yen		-0.27	Nickel (spot $US/tonne)	US$6250	-20
A$ = 0.602euro		-0.003	Aluminium (spot $US/tonne)	US$1442	-4
US 30-Year Bond	5.233%	+0.009	Tin (spot $US/tonne)	US$4720	+20
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Tuesday 26th June 2001 (Close of Business)
All Ords	3370.0	+14.4	Dow Jones	10,472.48	-31.74
ASX200	3434.2	+15.5	S&P 500	1216.76	-1.84
All Resources	1526.7	+0.9	Nasdaq	2064.62	+13.75
All Mining	701.0	+15.7	Gold - spot/oz	US$276.90	+2.60
All Gold	828.1	+25.2	Silver - spot/oz	US$4.35	+0.06
AGC Explorers	592	na	Platinum - spot	US$563.00	-2.00
Energy	1728.1	-15.9	Palladium - spot	US$602.00	-7.00
All Industrials	5789.2	+28.1	Bridge CRB Futures Index	205.77	+0.48
FTSE 100	5555.7	-106.2	Crude Oil (NYMEX)	US$26.92	-0.33
Nikkei	12,978.82	+82.35	Copper (spot $US/tonne)	US$1580	-17
Hang Seng	12,963.86	-210.16	Lead (spot $US/tonne)	US$439	-1
A$ = US52.20c		+0.45	Zinc (spot $US/tonne)	US$880	-7
A$ = 64.61yen		+0.47	Nickel (spot $US/tonne)	US$6270	-25
A$ = 0.605euro		+0.002	Aluminium (spot $US/tonne)	US$1446	-5
US 30-Year Bond	5.224%	+0.092	Tin (spot $US/tonne)	US$4700	+5
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Monday 25th June 2001 (Close of Business)
All Ords	3355.6	-9.1	Dow Jones	10,504.22	-100.37
ASX200	3418.7	-9.6	S&P 500	1218.60	-6.75
All Resources	1525.8	-2.9	Nasdaq	2050.87	+16.03
All Mining	685.3	-2.2	Gold - spot/oz	US$274.30	+2.00
All Gold	802.9	-3.6	Silver - spot/oz	US$4.29	-0.04
AGC Explorers	592	-11	Platinum - spot	US$565.00	-5.00
Energy	1744.4	+4.4	Palladium - spot	US$609.00	-4.00
All Industrials	5761.1	-16.4	Bridge CRB Futures Index	205.29	-0.09
FTSE 100	5661.9	-3.8	Crude Oil (NYMEX)	US$27.25	+0.42
Nikkei	12,896.47	-148.13	Copper (spot $US/tonne)	US$1597	+11
Hang Seng	13,174.02	closed	Lead (spot $US/tonne)	US$440	+5
A$ = US51.75c		+0.13	Zinc (spot $US/tonne)	US$887	+3
A$ = 64.14yen		-0.05	Nickel (spot $US/tonne)	US$6295	-120
A$ = 0.603euro		+0.001	Aluminium (spot $US/tonne)	US$1451	+7
US 30-Year Bond	5.132%	+0.008	Tin (spot $US/tonne)	US$4695	+5
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Berwyndale #1	Coring commenced.
Lawton # 2	Well logged and completed and desorbtion of the coal cores commenced.
Pinelands #2	Coring commenced. Well logged and completed and desorbtion of coal cores commenced.
Bellevue #1	Preparation for commencement of coring continued.
MuNulty #1	Well spudded and casing set in preparation for coring.
Broadwater #1	Well spudded and casing set in preparation for coring.
Lawton #1	Dewatering operations continued.
Avon Downs #1	Dewatering operations continued.
Berwyndale #1	Dewatering operations continued.

Friday 22nd June 2001 (Close of Business)
All Ords	3364.7	+17.5	Dow Jones	10,604.59	-110.84
ASX200	3428.3	+17.5	S&P 500	1225.35	-11.69
All Resources	1528.7	+1.1	Nasdaq	2034.83	-23.93
All Mining	687.5	+5.6	Gold - spot/oz	US$272.30	-0.50
All Gold	806.5	-0.5	Silver - spot/oz	US$4.33	+0.01
AGC Explorers	603	na	Platinum - spot	US$570.00	-8.00
Energy	1739.6	+10.3	Palladium - spot	US$613.00	-4.00
All Industrials	5777.5	+34.5	Bridge CRB Futures Index	205.38	-1.16
FTSE 100	5665.7	+24.3	Crude Oil (NYMEX)	US$26.83	+0.27
Nikkei	13,044.61	+82.18	Copper (spot $US/tonne)	US$1586	-3
Hang Seng	13,174.02	-13.43	Lead (spot $US/tonne)	US$435	unch
A$ = US51.62c		-0.20	Zinc (spot $US/tonne)	US$884	-2
A$ = 64.19yen		-0.29	Nickel (spot $US/tonne)	US$6415	+5
A$ = 0.602euro		-0.005	Aluminium (spot $US/tonne)	US$1444	-11
US 30-Year Bond	5.124%	-0.054	Tin (spot $US/tonne)	US$4690	-55
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Thursday 21st June 2001 (Close of Business)
All Ords	3347.2	-1.2	Dow Jones	10,715.43	+68.10
ASX200	3410.8	-2.1	S&P 500	1237.04	+13.90
All Resources	1527.6	-6.5	Nasdaq	2058.76	+27.52
All Mining	681.9	+4.8	Gold - spot/oz	US$272.80	unch
All Gold	807.0	+1.2	Silver - spot/oz	US$4.32	-0.02
AGC Explorers	603	-2	Platinum - spot	US$578.00	-3.00
Energy	1729.3	+0.4	Palladium - spot	US$617.00	-1.00
All Industrials	5741.1	+1.6	Bridge CRB Futures Index	206.54	+1.44
FTSE 100	5643.0	-58.2	Crude Oil (NYMEX)	US$26.56	+0.08
Nikkei	12,962.43	+287.79	Copper (spot $US/tonne)	US$1589	-22
Hang Seng	13,180.97	+262.26	Lead (spot $US/tonne)	US$435	-4
A$ = US51.82c		-0.01	Zinc (spot $US/tonne)	US$886	-12
A$ = 64.48yen		+0.33	Nickel (spot $US/tonne)	US$6410	-155
A$ = 0.607euro		+0.001	Aluminium (spot $US/tonne)	US$1455	-12
US 30-Year Bond	5.178%	-0.021	Tin (spot $US/tonne)	US$4745	-45
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Wednesday 20th June 2001 (Close of Business)
All Ords	3348.4	+25.7	Dow Jones	10,647.33	+50.66
ASX200	3412.9	+27.5	S&P 500	1223.14	+10.56
All Resources	1534.1	+8.8	Nasdaq	2031.24	+38.58
All Mining	677.1	+4.8	Gold - spot/oz	US$272.80	-0.60
All Gold	805.8	+5.0	Silver - spot/oz	US$4.34	-0.06
AGC Explorers	605	-2	Platinum - spot	US$581.00	+5.00
Energy	1728.9	+2.1	Palladium - spot	US$618.00	+12.00
All Industrials	5741.1	+45.9	Bridge CRB Futures Index	205.10	-3.37
FTSE 100	5699.6	+19.2	Crude Oil (NYMEX)	US$26.48	-1.16
Nikkei	12,674.64	+100.38	Copper (spot $US/tonne)	US$1611	+22
Hang Seng	12,918.71	-214.95	Lead (spot $US/tonne)	US$439	-1
A$ = US51.83c		-0.19	Zinc (spot $US/tonne)	US$898	unch
A$ = 64.15yen		+0.13	Nickel (spot $US/tonne)	US$6565	+20
A$ = 0.606euro		-0.003	Aluminium (spot $US/tonne)	US$1467	+6
US 30-Year Bond	5.199%	-0.029	Tin (spot $US/tonne)	US$4790	+20
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Tuesday 19th June 2001 (Close of Business)
All Ords	3322.7	+0.4	Dow Jones	10,596.67	-48.71
ASX200	3385.4	+0.4	S&P 500	1212.58	+4.15
All Resources	1525.3	-3.2	Nasdaq	1992.66	+4.03
All Mining	672.3	-3.1	Gold - spot/oz	US$273.40	+0.90
All Gold	800.8	+3.5	Silver - spot/oz	US$4.40	-0.02
AGC Explorers	607	-14	Platinum - spot	US$576.00	+1.00
Energy	1726.8	-24.7	Palladium - spot	US$606.00	+3.00
All Industrials	5695.5	+2.8	Bridge CRB Futures Index	208.47	-0.52
FTSE 100	5680.4	+8.8	Crude Oil (NYMEX)	US$27.64	-0.03
Nikkei	12,574.26	-123.53	Copper (spot $US/tonne)	US$1589	-12
Hang Seng	13,133.66	+184.88	Lead (spot $US/tonne)	US$440	-5
A$ = US52.02c		-0.31	Zinc (spot $US/tonne)	US$898	-6
A$ = 64.02yen		-0.43	Nickel (spot $US/tonne)	US$6545	-180
A$ = 0.609euro		unch	Aluminium (spot $US/tonne)	US$1461	-12
US 30-Year Bond	5.228%	-0.013	Tin (spot $US/tonne)	US$4770	-90
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Monday 18th June 2001 (Close of Business)
All Ords	3322.5	-28.7	Dow Jones	10,645.38	+21.74
ASX200	3385.0	-30.7	S&P 500	1208.43	-5.93
All Resources	1528.5	-4.8	Nasdaq	1988.63	-39.80
All Mining	675.4	-13.3	Gold - spot/oz	US$272.50	+0.90
All Gold	797.3	-15.3	Silver - spot/oz	US$4.42	+0.03
AGC Explorers	621	na	Platinum - spot	US$575.00	-5.00
Energy	1751.6	-0.6	Palladium - spot	US$603.00	+3.00
All Industrials	5693.1	-54.4	Bridge CRB Futures Index	208.99	-0.77
FTSE 100	5671.6	-51.4	Crude Oil (NYMEX)	US$27.67	-0.95
Nikkei	12,697.79	-92.59	Copper (spot $US/tonne)	US$1601	-5
Hang Seng	12,946.78	-153.72	Lead (spot $US/tonne)	US$445	+1
A$ = US52.33c		-0.24	Zinc (spot $US/tonne)	US$904	+5
A$ = 64.45yen		-0.25	Nickel (spot $US/tonne)	US$6725	-35
A$ = 0.609euro		-0.002	Aluminium (spot $US/tonne)	US$1473	+8
US 30-Year Bond	5.241%	+0.013	Tin (spot $US/tonne)	US$4860	-20
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Friday 15th June 2001 (Close of Business)
All Ords	3351.2	+5.0	Dow Jones	10,623.64	-66.49
ASX200	3415.7	+3.8	S&P 500	1214.36	-5.51
All Resources	1533.3	+3.6	Nasdaq	2028.43	-15.64
All Mining	688.7	+11.9	Gold - spot/oz	US$271.60	-4.00
All Gold	812.6	+25.3	Silver - spot/oz	US$4.39	-0.08
AGC Explorers	621	na	Platinum - spot	US$580.00	+4.00
Energy	1752.1	-24.4	Palladium - spot	US$600.00	unch
All Industrials	5747.5	+7.7	Bridge CRB Futures Index	209.06	-2.56
FTSE 100	5723.0	-29.5	Crude Oil (NYMEX)	US$28.62	-0.58
Nikkei	12,790.38	-56.28	Copper (spot $US/tonne)	US$1606	+12
Hang Seng	13,102.5	-146.3	Lead (spot $US/tonne)	US$444	-1
A$ = US52.57c		+0.01	Zinc (spot $US/tonne)	US$899	+6
A$ = 64.70yen		+0.91	Nickel (spot $US/tonne)	US$6760	+65
A$ = 0.611euro		+0.002	Aluminium (spot $US/tonne)	US$1465	-9
US 30-Year Bond	5.228%	+0.013	Tin (spot $US/tonne)	US$4880	unch
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Thursday 14th June 2001 (Close of Business)
All Ords	3346.2	+21.7	Dow Jones	10,690.13	-181.49
ASX200	3411.9	+22.3	S&P 500	1219.87	-21.73
All Resources	1529.7	+9.1	Nasdaq	2044.07	-77.59
All Mining	676.8	-4.9	Gold - spot/oz	US$275.60	+3.40
All Gold	787.3	-6.7	Silver - spot/oz	US$4.47	+0.07
AGC Explorers	621	-5	Platinum - spot	US$576.00	+4.00
Energy	1776.5	+21.9	Palladium - spot	US$600.00	+8.00
All Industrials	5739.8	+37.7	Bridge CRB Futures Index	211.62	+0.08
FTSE 100	5752.5	-67.7	Crude Oil (NYMEX)	US$29.22	+0.06
Nikkei	12,846.66	+23.21	Copper (spot $US/tonne)	US$1594	-16
Hang Seng	13,248.89	-274.42	Lead (spot $US/tonne)	US$445	+5
A$ = US52.56c		-0.40	Zinc (spot $US/tonne)	US$893	-2
A$ = 63.79yen		-0.88	Nickel (spot $US/tonne)	US$6695	-165
A$ = 0.609euro		-0.010	Aluminium (spot $US/tonne)	US$1474	+7
US 30-Year Bond	5.215%	-0.042	Tin (spot $US/tonne)	US$4880	+15
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Wednesday 13th June 2001 (Close of Business)
All Ords	3324.5	-10.6	Dow Jones	10,871.62	-76.76
ASX200	3389.6	-12.2	S&P 500	1241.60	-14.25
All Resources	1520.6	-39.4	Nasdaq	2121.66	-48.29
All Mining	681.7	-3.5	Gold - spot/oz	US$272.20	+0.20
All Gold	794.0	+6.8	Silver - spot/oz	US$4.40	+0.03
AGC Explorers	626	na	Platinum - spot	US$5722.00	-2.00
Energy	1754.6	-4.2	Palladium - spot	US$592.00	-3.00
All Industrials	5702.1	+3.4	Bridge CRB Futures Index	211.54	-0.44
FTSE 100	5820.2	+16.2	Crude Oil (NYMEX)	US$29.16	-0.23
Nikkei	12,823.45	-16.65	Copper (spot $US/tonne)	US$1610	-13
Hang Seng	13,523.31	-3.37	Lead (spot $US/tonne)	US$440	-7
A$ = US52.96c		+0.59	Zinc (spot $US/tonne)	US$895	-7
A$ = 64.67yen		+0.85	Nickel (spot $US/tonne)	US$6860	-45
A$ = 0.619euro		+0.005	Aluminium (spot $US/tonne)	US$1467	-16
US 30-Year Bond	5.257%	+0.017	Tin (spot $US/tonne)	US$4865	-35
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Tuesday 12th June 2001 (Close of Business)
All Ords	3335.1	-30.3	Dow Jones	10,948.38	+26.29
ASX200	3401.8	-32.6	S&P 500	1255.85	+1.46
All Resources	1560.0	-26.7	Nasdaq	2169.95	-0.83
All Mining	685.2	-11.2	Gold - spot/oz	US$272.00	+4.50
All Gold	787.2	-6.7	Silver - spot/oz	US$4.37	+0.04
AGC Explorers	626	na	Platinum - spot	US$574.00	-5.00
Energy	1758.8	+11.5	Palladium - spot	US$595.00	-12.00
All Industrials	5698.7	-43.9	Bridge CRB Futures Index	211.98	+0.87
FTSE 100	5804.0	-56.5	Crude Oil (NYMEX)	US$29.39	+0.20
Nikkei	12,840.10	-386.38	Copper (spot $US/tonne)	US$1623	-4
Hang Seng	13,526.68	-148.81	Lead (spot $US/tonne)	US$447	+7
A$ = US52.37c		+0.09	Zinc (spot $US/tonne)	US$902	+5
A$ = 63.82yen		+0.07	Nickel (spot $US/tonne)	US$6905	-30
A$ = 0.614euro		-0.006	Aluminium (spot $US/tonne)	US$1483	+1
US 30-Year Bond	5.240%	-0.047	Tin (spot $US/tonne)	US$4900	-60
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Monday 11th June 2001 (Close of Business)
All Ords	3365.4	closed	Dow Jones	10,922.09	-54.91
ASX200	3434.4	closed	S&P 500	1254.39	-10.57
All Resources	1586.7	closed	Nasdaq	2170.78	-44.32
All Mining	696.4	closed	Gold - spot/oz	US$267.50	-5.80
All Gold	793.9	closed	Silver - spot/oz	US$4.33	-0.02
AGC Explorers	626	closed	Platinum - spot	US$579.00	-9.00
Energy	1747.3	closed	Palladium - spot	US$607.00	-3.00
All Industrials	5742.6	closed	Bridge CRB Futures Index	211.11	-0.06
FTSE 100	5860.5	-90.1	Crude Oil (NYMEX)	US$29.19	+0.56
Nikkei	13,226.48	-203.74	Copper (spot $US/tonne)	US$1627	-27
Hang Seng	13,675.4	-133.4	Lead (spot $US/tonne)	US$440	-14
A$ = US52.28c		-0.23	Zinc (spot $US/tonne)	US$897	-5
A$ = 63.75yen		+0.26	Nickel (spot $US/tonne)	US$6935	-125
A$ = 0.620euro		+0.003	Aluminium (spot $US/tonne)	US$1482	-11
US 30-Year Bond	5.287%	-0.046	Tin (spot $US/tonne)	US$4960	-45
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Friday 8th June 2001 (Close of Business)
All Ords	3365.4	-1.8	Dow Jones	10,977.00	-113.74
ASX200	3434.4	-2.2	S&P 500	1264.96	-12.00
All Resources	1586.7	+4.3	Nasdaq	2215.10	-48.90
All Mining	696.4	-4.1	Gold - spot/oz	US$273.30	+7.30
All Gold	793.9	-1.6	Silver - spot/oz	US$4.32	+0.02
AGC Explorers	626	-10	Platinum - spot	US$588.00	+5.00
Energy	1747.3	+9.3	Palladium - spot	US$610.00	+1.00
All Industrials	5742.6	-6.5	Bridge CRB Futures Index	211.17	+2.04
FTSE 100	5950.6	+2.3	Crude Oil (NYMEX)	US$28.63	+0.49
Nikkei	13,430.22	+152.71	Copper (spot $US/tonne)	US$1654	-17
Hang Seng	13,828.3	+124.9	Lead (spot $US/tonne)	US$454	+2
A$ = US52.51c		+0.68	Zinc (spot $US/tonne)	US$902	-11
A$ = 63.49yen		+1.27	Nickel (spot $US/tonne)	US$7060	-155
A$ = 0.617euro		+0.007	Aluminium (spot $US/tonne)	US$1493	-2
US 30-Year Bond	5.333%	+0.038	Tin (spot $US/tonne)	US$5005	+25
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Thursday 7th June 2001 (Close of Business)
All Ords	3367.2	+12.0	Dow Jones	11,090.74	+20.50
ASX200	3436.6	+13.3	S&P 500	1276.96	+6.93
All Resources	1582.4	-1.8	Nasdaq	2264.00	+46.27
All Mining	700.5	+0.1	Gold - spot/oz	US$266.00	+0.30
All Gold	795.5	-0.6	Silver - spot/oz	US$4.33	unch
AGC Explorers	636	+5	Platinum - spot	US$583.00	+5.00
Energy	1738.0	+29.8	Palladium - spot	US$609.00	-6.00
All Industrials	5749.1	+25.4	Bridge CRB Futures Index	209.13	-0.63
FTSE 100	5948.3	+46.8	Crude Oil (NYMEX)	US$27.75	+0.03
Nikkei	13,277.51	+102.67	Copper (spot $US/tonne)	US$1671	+8
Hang Seng	13,703.43	+127.42	Lead (spot $US/tonne)	US$452	+2
A$ = US51.83c		+0.20	Zinc (spot $US/tonne)	US$913	+4
A$ = 62.22yen		+0.08	Nickel (spot $US/tonne)	US$7215	+115
A$ = 0.610euro		unch	Aluminium (spot $US/tonne)	US$1495	+1
US 30-Year Bond	5.295%	+0.030	Tin (spot $US/tonne)	US$4980	-65
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Wednesday 6th June 2001 (Close of Business)
All Ords	3355.2	+0.7	Dow Jones	11,070.24	-105.60
ASX200	3423.3	+1.1	S&P 500	1270.03	-13.54
All Resources	1584.2	+10.7	Nasdaq	2217.73	-15.93
All Mining	700.4	+6.1	Gold - spot/oz	US$265.70	-0.30
All Gold	796.1	+14.5	Silver - spot/oz	US$4.33	unch
AGC Explorers	631	-6	Platinum - spot	US$578.00	unch
Energy	1708.2	+23.2	Palladium - spot	US$615.00	-10.00
All Industrials	5723.7	-5.4	Bridge CRB Futures Index	209.76	-0.45
FTSE 100	5901.5	-21.0	Crude Oil (NYMEX)	US$27.72	-0.52
Nikkei	13,174.84	-7.16	Copper (spot $US/tonne)	US$1663	+12
Hang Seng	13,576.01	+124.14	Lead (spot $US/tonne)	US$450	-1
A$ = US51.63c		+0.70	Zinc (spot $US/tonne)	US$909	+2
A$ = 62.14yen		+0.85	Nickel (spot $US/tonne)	US$7100	+80
A$ = 0.610euro		+0.011	Aluminium (spot $US/tonne)	US$1494	+7
US 30-Year Bond	5.265%	+0.004	Tin (spot $US/tonne)	US$5045	+65
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Tuesday 5th June 2001 (Close of Business)
All Ords	3354.5	-4.8	Dow Jones	11,175.84	+114.32
ASX200	3422,2	-4.5	S&P 500	1283.57	+16.46
All Resources	1573.5	-0.1	Nasdaq	2233.66	+77.73
All Mining	694.3	-7.5	Gold - spot/oz	US$266.00	+0.70
All Gold	781.6	-8.3	Silver - spot/oz	US$4.33	+0.02
AGC Explorers	637	-3	Platinum - spot	US$578.00	-10.00
Energy	1685.0	+17.7	Palladium - spot	US$625.00	-5.00
All Industrials	5729.1	-9.6	Bridge CRB Futures Index	210.21	-0.13
FTSE 100	5922.5	+66.0	Crude Oil (NYMEX)	US$28.24	+0.11
Nikkei	13,312.35	+50.51	Copper (spot $US/tonne)	US$1651	-5
Hang Seng	13,207.49	+66.11	Lead (spot $US/tonne)	US$451	-1
A$ = US50.93c		+0.24	Zinc (spot $US/tonne)	US$907	-11
A$ = 61.29yen		+0.79	Nickel (spot $US/tonne)	US$7020	+30
A$ = 0.596euro		-0.002	Aluminium (spot $US/tonne)	US$1487	-8
US 30-Year Bond	5.261%	-0.063	Tin (spot $US/tonne)	US$4980	+160
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Monday 4th June 2001 (Close of Business)
All Ords	3359.3	+32.0	Dow Jones	11,061.52	+71.11
ASX200	3426.7	+35.2	S&P 500	1267.11	+6.44
All Resources	1573.6	+9.1	Nasdaq	2155.93	+6.49
All Mining	701.8	+10.4	Gold - spot/oz	US$265.30	-0.40
All Gold	789.9	+14.5	Silver - spot/oz	US$4.31	-0.09
AGC Explorers	640	-4	Platinum - spot	US$588.00	+5.00
Energy	1667.3	+7.6	Palladium - spot	US$630.00	unch
All Industrials	5738.7	+58.4	Bridge CRB Futures Index	210.34	-0.37
FTSE 100	5856.5	+46.9	Crude Oil (NYMEX)	US$28.13	+0.12
Nikkei	13,312.35	+50.51	Copper (spot $US/tonne)	US$1656	-10
Hang Seng	13,207.49	+66.11	Lead (spot $US/tonne)	US$452	-9
A$ = US50.69c		-0.23	Zinc (spot $US/tonne)	US$918	+3
A$ = 60.50yen		-0.11	Nickel (spot $US/tonne)	US$6990	-70
A$ = 0.598euro		-0.003	Aluminium (spot $US/tonne)	US$1495	-5
US 30-Year Bond	5.324%	-0.030	Tin (spot $US/tonne)	US$4820	-25
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Friday 1stJune 2001 (Close of Business)
All Ords	3327.3	+10.1	Dow Jones	10,990.41	+78.47
ASX200	3391.5	+12.4	S&P 500	1260.67	+4.85
All Resources	1564.5	+1.1	Nasdaq	2149.44	+38.95
All Mining	691.4	+4.5	Gold - spot/oz	US$266.70	+1.20
All Gold	775.4	+8.1	Silver - spot/oz	US$4.40	+0.02
AGC Explorers	644	-14	Platinum - spot	US$583.00	-14.00
Energy	1659.7	-2.8	Palladium - spot	US$630.00	-4.00
All Industrials	5680.3	+19.5	Bridge CRB Futures Index	210.71	+1.71
FTSE 100	5809.6	+13.5	Crude Oil (NYMEX)	US$27.93	-0.44
Nikkei	13,261.84	-0.30	Copper (spot $US/tonne)	US$1666	-11
Hang Seng	13,141.38	-33.03	Lead (spot $US/tonne)	US$461	-4
A$ = US50.92c		+0.32	Zinc (spot $US/tonne)	US$915	-5
A$ = 60.61yen		+0.26	Nickel (spot $US/tonne)	US$7060	-60
A$ = 0.601euro		+0.003	Aluminium (spot $US/tonne)	US$1500	+5
US 30-Year Bond	5.354%	-0.059	Tin (spot $US/tonne)	US$4845	+10
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	Mining News - May 2001 - Click Here
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Company News

Proposed New Floats/ Share Issues

Proposed New Floats/ Share Issues

LAKES OIL (29 JUNE 2001)

ELECTROMETALS TECHNOLOGIES (28 JUNE 2001)

QUEENSLAND GAS COMPANY (28 JUNE 2001)

CONSOLIDATED MINERALS (28 JUNE 2001)

CULLEN RESOURCES (27 JUNE 2001)

QUEENSLAND GAS COMPANY (27 JUNE 2001)

AMITY OIL (27 JUNE 2001)

ARC ENERGY (27 JUNE 2001)

ASTRO MINING (27 JUNE 2001)

CENTRAL KALGOORLIE GOLD MINES (27 JUNE 2001)

MINERALS CORPORATION (27 JUNE 2001)

SHIELD TELECOMMUNICATIONS (27 JUNE 2001)

VICTORIA PETROLEUM (27 JUNE 2001)

WESTERN METALS (27 JUNE 2001)

AUSTPAC RESOURCES (26 JUNE 2001)

AUSTRALASIAN GOLD MINES (26 JUNE 2001)

BLIGH OIL & MINERALS (26 JUNE 2001)

CANNING ENERGY (26 JUNE 2001)

CUE ENERGY RESOURCES (26 JUNE 2001)

DRILLSEARCH ENERGY (26 JUNE 2001)

EMPIRE OIL & GAS (26 JUNE 2001)

FIRST AUSTRALIAN RESOURCES (26 JUNE 2001)

HOMESTAKE MINING (26 JUNE 2001)

MINERAL COMMODITIES (26 JUNE 2001)

OIL SEARCH (26 JUNE 2001)

OXIANA RESOURCES (26 JUNE 2001)

ROC OIL COMPANY (26 JUNE 2001)

VICTORIA PETROLEUM (26 JUNE 2001)

WOODSIDE PETROLEUM (26 JUNE 2001)

BEACONSFIELD GOLD (25 JUNE 2001)

CULLEN RESOURCES (25 JUNE 2001)

ANVIL MINING / GOLDEN STAR RESOURCES (25 JUNE 2001)

ARROW ENERGY (25 JUNE 2001)

AURIDIAM (25 JUNE 2001)

AUSTRALIAN WORLDWIDE EXPLORATION (25 JUNE 2001)

BULLION MINERALS (25 JUNE 2001)

CONSOLIDATED MINERALS (25 JUNE 2001)

CONSOLIDATED RUTILE (25 JUNE 2001)

EMPIRE OIL & GAS (25 JUNE 2001)

EQUINOX RESOURCES (25 JUNE 2001)

HARDMAN RESOURCES (25 JUNE 2001)

HERON RESOURCES (25 JUNE 2001)

MOLOPO AUSTRALIA (25 JUNE 2001)

MOSAIC OIL (25 JUNE 2001)

OIL SEARCH (25 JUNE 2001)

ORIGIN ENERGY (25 JUNE 2001)

OXIANA RESOURCES (25 JUNE 2001)

VICTORIA PETROLEUM (25 JUNE 2001)

MOUNT BURGESS MINING (22 JUNE 2001)

AUSTRALIAN WORLDWIDE EXPLORATION (22 JUNE 2001)

CUE ENERGY RESOURCES (22 JUNE 2001)

DELTA GOLD (22 JUNE 2001)

EMPIRE OIL & GAS (22 JUNE 2001)

HARDMAN RESOURCES (22 JUNE 2001)

JULIA CORPORATION (22 JUNE 2001)

LION SELECTION GROUP (22 JUNE 2001)

MOLOPO AUSTRALIA (22 JUNE 2001)

PERILYA (22 JUNE 2001)

RESOLUTE (22 JUNE 2001)

SANTOS (22 JUNE 2001)

SUN RESOURCES (22 JUNE 2001)

TANAMI GOLD (22 JUNE 2001)

VICTORIA PETROLEUM (22 JUNE 2001)

QUEENSLAND GAS COMPANY (21 JUNE 2001)

ARROW ENERGY (21 JUNE 2001)

AUSTRAL COAL (21 JUNE 2001)

Proposed New Floats/
Share Issues

Proposed New Floats/
Share Issues