Australian Worldwide Exploration (31 March 2000)

Australian Worldwide Exploration Limited's ("AWE") wholly owned subsidiary AWE Petroleum Limited ("AWEP") is pleased to announce that substantial progress has been made towards a commercial development of its 30.5% owned Yolla gas and condensate field in the T/RL1 licence area Bass Strait, offshore Tasmania.
AWE's co-venturer in T/RL1, Origin Energy Resources Limited ("Origin"), announced at the Tasmanian Power & Gas Conference that new engineering and development concepts substantially proposed by AWE and evaluated by Origin have led it to declare that a Yolla gas and liquids project is now viable to develop to meet existing Tasmanian demand for gas and gas liquids products.
Based on existing gas reserves, the Yolla project is commercially viable to develop for gas demand scenarios as small as 15 petajoules (PJ) per annum, and up to 40 PJ per year. There is also considerable potential for additional gas reserves in T/RL1 and the adjacent T/18P (AWEP 35.1%) and T/25P (AWEP 36%) areas should larger gas demand profiles be required in the future.

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BHP (31 March 2000)

BHP announced that it has awarded the Engineering, Procurement and Construction Management (EPCM) contract for its Tintaya Copper Oxide Project to Kvaerner E&C, a division of Kvaerner USA.
The Tintaya Copper Oxide Project forms part of BHP's efforts to deliver value-creating growth opportunities from brownfields extensions. Completion of an updated feasibility study is expected by July 2000.
Subject to Board approval, construction time for the Oxide Project will be around 12 months. Annual production is expected to average 35,000 metric tonnes of Grade 'A' cathode at a direct cash cost of less than 40 cents per pound.
The Oxide Project will increase the total Tintaya production to more than 110,000 tonnes of copper per annum and will significantly reduce its integrated unit cash costs.

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Cluff Resources (31 March 2000)

Cluff has recovered a further 508 diamonds weighing 46.6 carats during the last week from processing of 520 tonnes of material mined from the Monte Christo Diamond mine.

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First Australian Resources (31 March 2000)

Drilling Success in Louisiana Well
Production pipe is being run in the Silmon etal #1 well following confirmation, by logging, of gas pay in the primary Vaughn Cotton Valley objective between 9,568 and 9,580 feet. A secondary zone, the D Sand, between 9,332 to 9,374 feet is still being evaluated. The well reached total depth of 9,768 feet on 28 March 2000.

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Jubilee Mines (31 March 2000)

Jubilee has begun pre-feasibility work to calculate a resource estimate for its new Cosmos Deeps nickel discovery after the latest round of drilling results indicated a substantial increase in the size of the high-grade zone, confirming its potential to be a very significant underground nickel deposit.
Jubilee's Managing Director, Mr Kerry Harmanis, said the latest drilling confirmed that the Cosmos Deeps mineralised zone extended for a strike length of at least 80 metres, with an up-dip, down-dip extent of at least 210 metres. The zone remains open along strike and also up and down dip.
The latest diamond core drill holes intersected wide zones of high-grade mineralisation including 11.15 metres at 7.0% nickel from 568.6 metres (hole JCD 106) and 10.1 metres at 7.54% nickel from 659.2 metres (JCD 105). Hole JCD 103 clipped an edge of the mineralised zone, returning 0.15 metres at 6.6% nickel from 621.3 metres.

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Kagara Zinc (31 March 2000)

Kagara Zinc Ltd is pleased to report that as part of the ongoing drilling programme at the Mt Garnet zinc deposit in Northern Queensland, four diamond drill holes (in addition to those previously announced) have returned significant results outside the previously announced open pit and underground mineable resource.
In particular, GTD 54 encountered 57.0 metres @ 6.83% zinc including 11 metres at 12.45% zinc. Holes GTD 55, 58 and 60 have also extended the mineralized zone to the South and at depth.

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Petsec Energy (31 March 2000)

MUSTANG ISLAND 883S #1 ST - The drilling rig has been released from location after completing the well as a dual zone gas producer. Operations to initiate production from the upper zone will follow installation of production facilities and flowline.
GRAND ISLE 45 A-2- Surface casing has been set at a depth of 1,073 metres (3,520 feet) and the drilling rig is preparing to drill ahead.

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Santos (31 March 2000)

Meranji 21 has been cased and suspended as a future Permian gas producer. The well reached a total depth of 2,993m, with no progress for the week. The rig was released on 24/03/2000 and is moving to Beckler 2, a PPL 97 gas development well.

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Victoria Petroleum (31 March 2000)

Victoria Petroleum NL, as Operator for the EP 325 Joint Venture, advises that the White Opal-1 exploration well has reached a depth of 2,386 metres in 216mm hole. Current operation is preparing to drill ahead towards primary objective following a trip to retrieve the survey tool.

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Amadeus Petroleum (30 March 2000)

The Glenmore No.1 well will be plugged and abandoned. Whilst the well was non commercial, the drilling results confirm that the Sydney Basin has good permeability, porosity and reservoir characteristics.
Drilling on the Fairlight No. 1 prospect, near Camden NSW commenced yesterday. The target depth is 720 metres.

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Carnarvon Petroleum / Ausam Resources (30 March 2000)

Carnarvon advises that it has entered into a conditional contract to sell its interests in the Perth Basin, comprising:

EP 413 9.44%
EP 407 42.50%
EP 23 14.38%
EP 321 38.25%
EP 414 18.89%

The purchaser is Ausam Resources NL ("Ausam").
This contract is subject to a number of conditions being met, in particular formal contracts, the successful listing of Ausam on the Australian Stock Exchange ("ASX") and the final approval of the board of directors of both Ausam and Carnarvon.

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Homestake Mining (30 March 2000)

Homestake announced that it had completed sufficient work on its 60%-owned Veladero project in northwestern Argentina to declare a 4.8 million ounce proven and probable gold reserve (Homestake's share: 2.88 million ounces) contained in 92.5 million tons of ore grading 0.052 ounces of gold per ton. The reserve, which also contains 0.71 ounces of silver per ton, is part of the recently announced and much larger mineralized inventory totaling 7.8 million ounces of gold.
The ore is expected to be sourced from two open pits before being processed through a conventional mill and a heap leach facility.

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Lakes Oil (30 March 2000)

NORTH SEASPRAY-3

Further to the announcement made by Lakes Oil NL ("Lakes") on March 23, 2000 and in response to a number of recent enquiries received by the Company, the Board of Directors confirm that the anticipated spud (commencement) date of the well is still approximately April 10, 2000. This date will be subject to the Company first receiving approval from the Victorian Department of Natural Resources and the Environment. It is estimated that the well will take in the order of 20 days to drill, to the proposed total depth of 1,170 metres.

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New Zealand Oil & Gas (30 March 2000)

Since the last report dated 22 March 2000, a wireline logging programme has been conducted and a 7" liner has been run to allow testing of up to three zones within the Mungaroo Formation.
As of 0600 hours WST yesterdayday, the current activity is preparing to conduct the first test in the Lower Mungaroo Formation. This test is programmed to delineate the lower limit of gas within Corvus-1.

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Roc Oil (30 March 2000)

UK North Sea (ROC 10% working interest, 12.85% contributing interest)
The 30/22b-2 well has reached a total depth of 2820 metres and has been plugged and abandoned after failing to encounter any significant hydrocarbons. The total well duration was 19 days, approximately 7 days less than budgeted.

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Victoria Petroleum (30 March 2000)

Victoria Petroleum NL, as Operator for the EP 325 Joint Venture, advises that the White Opal-1 exploration well has reached a depth of 2,276 metres in 216mm hole. Current operation is drilling ahead towards primary objective.

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Allegiance Mining (29 March 2000)

The first drill hole into a second, new zone SOUTH AVEBURY situated 100 m south of and to the west of Avebury has yielded 8 m of just under 2% nickel (including 1 m of 6.1% nickel) from within a broad 20 m section of 1.24% nickel. The host to the new deposit, defined by geological mapping, induced polarisation and geochemical surveying, extends over at least 350 m. This new discovery much enhances the concept of Avebury as a series of semi continuous individual deposits over 2,000 m of strike.
The new discovery of South Avebury is of great importance as it demonstrates that the techniques of geochemical and geophysical surveying together with geological mapping appears to be reliable indicators of the presence of nickel sulphides and since such signatures have been observed at multiple horizons over 2,000 metres of strike, the prognosis must be considered most positive.

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Cluff Resources (29 March 2000)

Cluff is pleased to advise that its 0.8 metre diameter calweld drilling program on the Upper Terrace at the Gloucester Ruby Project has established a new inferred resource of 600,000 carats of ruby, (100,000 tonnes at 6 carats per tonne). The new deposit also contains 300,000 carats of bright yellow, green and blue sapphire.
The Upper Terrace is a raised terrace which lies immediately to the south of the recent alluvial flats which contain the previously announced inferred resource of 4,000,000 carats of ruby (500,000 tonnes at 8 carats per tonne). These raised river terraces now form a second target for ruby exploration in the area.
The total inferred resource is now 4,600,000 carats of ruby. Both the inferred resources in the Upper Terrace and the recent alluvial flats remain open, and further work is continuing to extend both.

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Drillsearch Energy (29 March 2000)

Drillsearch advises that its Canadian subsidiary, Circumpacific Energy Corporation has entered a farm-in agreement with Talisman Energy Inc. ("Talisman") to drill a 4,900 meter Devonian gas test in the Lambert area of west central Alberta.
The multi-zone targets for this well have been defined by 3-D seismic and are located approximately 1.5 miles west of the Talisman Renata Apetowun 1-3-52-22 W5M well, which produces 30 MMCFPD of raw gas from the Lambert D-3 B pool. It is also approximately 7 miles east of the recent deep gas discovery announced by Renata Resources Inc. at Peppers 7-17-52-23 W5M.

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Golden Cross Resources (29 March 2000)

GCR GAINS 100% OF CARGO

CARGO PROJECT

GCR has gained Imperial Mining NL’s (Imperial) share in the Cargo Joint Venture and now holds 100% of the Cargo copper porphyry project in NSW.
GCR considers Cargo has potential to host a Ridgeway-style gold-copper deposit and is presently reviewing all exploration data on the project to outline such targets for drilling.

ACQUISITION OF IMPERIAL’S YELLOW MOUNTAIN AND ADELONG PROJECTS

GCR has acquired Imperial’s Yellow Mountain and Adelong projects in return for a 2% net smelter return royalty over the projects.

The Yellow Mountain porphyry gold-copper project, located on the Gilmore Suture north of Condobolin, NSW, contains several old mines and prospects including the Ironclad Mine, Mt Susannah Mine, Rosedale Gold Mine, and the Quarry Hill, Weber’s Gossan and Yellow Mountain prospects.
Yellow Mountain contains two zones 500m apart, the Open Cut Zone and the Main Zone.
The Open Cut Zone contains trenching with best reported rock chip sampling of 6m at 4.4 g/t gold, 18m at 29 g/t silver and 4m at 4.5 g/t gold.
The Main Zone is reported to contain an indicated resource of 4.4 million tonnes at 0.33% copper, 0.93% lead, 1.27% zinc, 25 g/t silver and an inferred average gold grade of 0.22 g/t. The best drill intersection was 111m at 0.4% copper, 1.0% lead, 1.6% zinc and 25 g/t silver.

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Tap Oil (29 March 2000)

The Corvus-1 well - Since the last report dated 22 March 2000, a wireline logging programme has been conducted and a 7" liner has been run to facilitate testing of three representative zones within the Mungaroo Formation. The current activity is preparing for the testing of Zone 1 in the Lower Mungaroo Formation which is planned to commence at 0600 hours on Wednesday, 29 March 2000.

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Victoria Petroleum (29 March 2000)

Victoria Petroleum NL, as Operator for the EP 325 Joint Venture, advises that the White Opal-1 exploration well has reached a depth of 2,221 metres in 216mm hole. Current operation is pulling out of the hole after freeing the stuck pipe. Drilling towards the objective section is expected to resume immediately.

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Arc Energy (28 March 2000)

ARC announced, on behalf of itself and Flare Petroleum NL (a subsidiary of Daytona Energy Corporation), that it has completed evaluation of the AC/P27 permit in the Timor Sea in preparation for the drilling of the Sleeper 1 well in late 2000. The recently completed permit evaluation incorporated the results of the Sleeper seismic survey and has identified two large drillable prospects called Sleeper and Dooner. The Sleeper prospect is a very large structure with the potential to hold up to 300 million barrels of recoverable oil if hydrocarbons are present.

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Dioro Exploration (28 March 2000)

Dioro announced the results of the final 1,500 metres of a 4,000 metre RC drilling program at the Mungari East Project. The tenements are owned 49% by Dioro Exploration NL and 51% by Mines and Resources Australia Pty Ltd, a wholly owned subsidiary of Cogema.
Better results returned since exploration activities commenced in mid January 2000 include:
27m @ 34.29 g/t Au; 4m @ 81.18 g/t Au; 10m (@) 23.78 g/t Au; 30m @ 7.16 g/t Au; 20m @ 7.51 g/t Au; 6m @ 23.59 g/t Au; 5m @ 27.83 g/t Au; 8m @ 17.11 g/t Au; 20m g 6.70 g/t Au and 2m @ 50.91 g/t Au

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Mincor Resources / Sipa Resources (28 March 2000)

Sipa has informed Outokumpu Zinc Australia Pty Ltd ("OZA"), that it does not intend to cause its wholly-owned entities, which are parties to the Panorama Project Joint Venture, to exercise their First Rights of Refusal with respect to Mincor's offer to purchase OZA's interests in the Panorama Project Joint Venture.

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North Ltd (28 March 2000)

North Limited has boosted potential annual iron ore production by 20 million tonnes, and becomes one of the world's major iron ore companies, with the final approval by the Western Australian Government for the development of a new mine at West Angelas in the Pilbara region.
The WA Minister for Resources Development, Mr. Colin Barnett, has formally endorsed the development, enabling work to start on the project. It is expected to come on stream in mid 2002.
The project to be developed by North in conjunction with the Robe River Iron Associates Joint Venture* - has previously achieved all other Western Australian Government approvals including Environmental and Native Title.
In addition, the project has received strong expressions of support from the Japanese steel mills and other customers in Asia and Europe.
West Angelas is located in the eastern Pilbara of Western Australia and contains at least one billion tonnes of resource, with 440 million tonnes of proven and probable reserves in two adjacent deposits. West Angelas will produce lump ore (about 33% of total production) and is a promising source of lump ore in the future.

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Sydney Gas Co (28 March 2000)

Sydney Gas Company advised that the well Mahon #1 in PEL 2, Sydney Basin, South Camden reached total depth at 748 metres on Friday 24 March 2000.
Mahon #1 brings the total number of wells drilled by the Company in the Coal Bed Methane Pilot Project to 17. The well will be prepared for completion.

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Victoria Petroleum (28 March 2000)

Victoria Petroleum NL, as Operator for the EP 325 Joint Venture, advises that the White Opal-1 exploration well has reached a depth of 2221m. Current operation is attempting to free stuck pipe.

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Dalrymple Resources (25 March 2000)

Extensive drilling completed since the last public announcement, (19 January, 2000), continues to increase the size and grade of the Thunderbox gold deposit located on the Wildara gold/nickel project in the Northeastern Goldfields, Western Australia. Dalrymple holds a 40% interest in the project with a subsidiary of LionOre Mining International Ltd. a company listed on the Toronto Stock Exchange holding a 60% interest.

Since the last announcement, a total of 86 reverse circulation percussion (RCP) holes, comprising 10,609 metres of drilling, and 44 diamond holes comprising 4,794 metres of drilling have been completed. The drilling programme undertaken over the last two months was designed:

• to test the limits of the deposit and;
• through infill drilling, to locate high grade mineralisation, particularly supergene-enriched zones, within the oxide.

The drilling continues to confirm that Thunderbox is a major new discovery offering open pittable potential with substantial economies through high tonnages per vertical metre and associated low strip ratios. Recent drilling has demonstrated generally higher grades in the oxide portion of the deposit than announced previously. It has confirmed that Zones A and C are distributed over a strike length of about 1,500 metres. However the boundaries at the northern end of Zone C and the southern end of Zone A have not yet been closed-off by drilling. There is good potential for extending the strike length of the deposit, and accordingly, drilling is continuing.

These results demonstrate very significant intersections in  the OXIDE_SUPERGENE e,g. 67 metres @ 5.11 grams/tonne and  the depth extensions of the PRIMARY ZONE_SULPHIDE e,g. 91.9 metres @ 3.03 grams/tonne
Horizontal widths which are significant for open-cut design approximate 70% of the down hole widths quoted.

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Danae Resources (25 March 2000)

In its capacity as the manager of Danae Resources NL, Multiplex Mining Pty Ltd has signed a Protocol of intention with the State Committee of the Republic of Uzbekistan on Geology and Minerals Resources and the Gold Mining and Diamond Processing Association of Uzbekistan. The protocol gives an exclusive right for six (6) months to negotiate the terms of a joint venture that would see it earn a 50% interest in the Zarmitan and Guzhamsay gold mines in the Republic of Uzbekistan, by funding the proposed expansion of existing operations.
The Protocol must now receive official approval from the Cabinet of Ministers of the Republic of Uzbekistan. The relevant information will then be released to enable a Preliminary Feasibility Study to be prepared in May 2000 and the subsequent joint venture negotiations to commence.
The Zarmitan Gold Deposit is currently producing from an underground mine and the ore is sent for processing at the Marjanbulak treatment plant 80 kilometres to the south. In addition, Zarmitan has some open cut ore developed. At Guzhamsay, the ore reserves are being assessed by underground development.
Identified gold resources have been calculated by the Uzbeks to consist of an estimated 25 million tonnes of ore at a grade of 10 grams of gold per tonne. These reserves have been calculated from the results of both diamond drilling from the surface and from the 90 kilometres of underground development developed to date for the purpose.

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Herald Resources (25 March 2000)

COMINCO FACT SHEET - SOPOKOMIL PROPERTY SUMATRA, INDONESIA

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Striker Resources (25 March 2000)

HIGHLIGHTS - Ashmore & Seppelt Diamond Projects

• Independent valuation of Ashmore 2 diamonds at US$40/carat is based on a 536 carat parcel of stones that were classified as 52% 'gem quality'. This increases to a predicted US$56/carat for an equivalent 5,000 carat parcel. The valuation by Independent Diamond Valuers reported a maximum value for a single stone of US$470/carat.
• Recovery of an additional 3,230 (+0.8 to 10.0mm) diamonds, weighing 173.88ct from 1037 tonnes of the Ashmore 2 bulk samples. Included in the parcel is a 1.97ct stone that has provisionally been valued at US$600/ct, while the largest stone is 3.0ct in size.
• Review of new exploration results near Ashmore with the delineation of a 2ha, high priority, geophysical/indicator-mineral target.
• Confirmation of diamondiferous kimberlite in three widely spaced, reconnaissance, reverse circulation (RC) drill holes at Seppelt 2.
• Extension of diamondiferous kimberlite in the south lobe of the Seppelt 1 pipe.

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Victoria Petroleum (25 March 2000)

Victoria Petroleum NL, as Operator for the EP 325 Joint Venture, advises that the White Opal-1 exploration well has reached a depth of 2056 metres in 311mm hole. Current operation is installing Blow-Out Preventors after cementing 244mm intermediate casing at 2053 metres. Drilling is expected to resume on Saturday 25th March 2000.

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First Australian Resources (24 March 2000)

Further gas shows have been reported in the Silmon etal #1 well which is expected to reach planned total depth of 9,750 feet yesterday.
Gas shows had previously been reported in drilling over the interval from 9,332 to 9,374 feet. This interval could not be evaluated by a drill stem test due to hole conditions. Further drilling between 9,498 and 9,584 feet encountered new gas shows reading up to 800 units on mud logs. These new shows have been confirmed by a drill stem test with immediate gas to surface.

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Greenstone Resources (24 March 2000)

Greenstone has successfully completed its first pass drilling program at its Binaliw project in The Philippines. The program tested the main target zones identified by lead-up work, although continuing rainfall made access to the Manga/Trench 3 target impossible.
The Company is presently receiving and compiling data from the program, including additional surface sampling conducted while the drilling was being undertaken. The Company expects to be able to release the results by the end of March 2000.

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Mincor Resources (24 March 2000)

Mincor is pleased to report the results of petrographic studies carried out on a sample of drill core from Banana Creek at Mincor's 100% owned Sabeto Licence in Fiji. The sample is from an epithermal vein intersected in BCDH-4 (drilled December 1999), which assayed 23.4g/t gold over 40cm from a down-hole depth of 32.65m.The petrographic study and interpretation was carried out by the well-known consulting firm Kingston Morrison (now a part of Sinclair Knight Merz).

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Petsec Energy (24 March 2000)

The MUSTANG ISLAND 883S #1 ST well is being completed as a dual zone gas producer. On initial test, the lower zone flowed at the rate of 10.3 million cubic feet of gas and 395 barrels of condensate per day, and no water through 20/64' choke at 5,720 psi flowing tubing pressure. Operations to initiate production from the upper zone are underway.

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Santos (24 March 2000)

The Meranji 21 well reached a total depth of 2,993m with 709m progress for the week. The well is being cased as a future gas producer.

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Lakes Oil (23 March 2000)

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New Zealand Oil & Gas (23 March 2000)

Since the last report dated 16 March 2000, the Corvus-1 exploration well was drilled from 3,835 metres to a new planned depth of 4,027 metres. Indications to date suggest that a 591 metre gas column is present at the Triassic level over the gross interval 3,436 metres to current depth of 4,027 metres.
Recent discoveries elsewhere in the Carnarvon Basin, such as Cadell and the Gypsy-Rose-Lee complex, has highlighted the potential of Triassic reservoirs on the eastern side of the Dampier Trough.
Prior to the latest stage of drilling, a core was cut at 3,835 metres to better define the reservoir quality. Samples from the core are currently being analysed.

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Pilbara Mines (23 March 2000)

Pilbara has outlined a major new exploration target near the historic Teutonic Bore polymetallic mine in Western Australia after announcing positive initial results from its pre-feasibility study indicating the potential to recover more than $100 million of contained metal from tailings and stockpiles in the area.
Pilbara said evaluation of data from the project had outlined at least an 8 kilometre zone of highly prospective but poorly tested host stratigraphy to the south of the mine, which would be a key target for the Company.

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Roc Oil (23 March 2000)

As of 21 March 2000 the 30/22b-2 well in the UK North Sea (formerly referred to as 30/22b-B) was drilling ahead in 8-1/2 inch hole at a depth of 1408 metres after setting 13-3/8 inch casing at 980 metres.
The well is expected to reach a total depth of 3200 metres by early April. The well is testing a prospect which, in ROC's opinion, is moderately high risk with an upside potential in excess of 100 million barrels of recoverable oil in an area where the threshold for commercialisation is thought to be in the order of 10 MMBO.

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Shield Equities (23 March 2000)

ABORE GOLD PROJECT RESOURCES AND RESERVES

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Sons of Gwalia (23 March 2000)

MURRAY BASIN MINERAL SANDS PROJECT

Sons of Gwalia Ltd ("Gwalia") wishes to announce that the Joint Venture partners in the Murray Basin Mineral Sands Project ("the Project") have agreed to proceed with the development of the Wemen Mine in Victoria as previously foreshadowed.
Mining and concentrating equipment owned by the Joint Venture Partners and currently situated at Tomago in NSW will be moved to the site allowing for a rapid construction period. In addition to the mine development, the Mineral Separation Plant will be relocated to Mildura to treat the heavy mineral concentrate from the Wemen Mine.
Production from the Mine is expected to commence in the fourth quarter of 2000. The expected life of the Wemen Mine is in excess of six years at an annual rate of 32,000 tonnes of rutile and 10,000 tonnes of zircon.
The Joint Venture Partners have also commenced work on a Feasibility Study in respect of the large resources available in the Murray Basin. This will include a significant exploration programme which has already commenced, with the objective of upgrading existing reserves and resources. The Stage Two Feasibility Study has a targeted production level of approximately 300,000 - 400,000 tonnes of heavy mineral concentrate in various forms which would entail the construction of a large scale plant with estimated capital costs in the order of $60 - $80 million.

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Thunderbolt Resources (23 March 2000)

Thunderbolt has announced that due diligence has been successfully completed with regard to the deal between Argentina Diamond Limited and the company, previously announced on 25 November 2000.
The company is now proceeding with the acquisition of Argentina Diamonds Limited, subject to shareholder's approval.

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Victoria Petroleum (23 March 2000)

Victoria Petroleum NL, as Operator for the EP 325 Joint Venture, advises that the White Opal-1 exploration well has reached a depth of 2056 metres in 311mm hole. Current operation is preparing to run 244mm intermediate casing. Drilling is expected to resume sometime on Friday 20 March 2000.

Victoria Petroleum NL advises that the Tri-Valley Oil and Gas operated EKHO-1, testing the Pipeline/EKHO Prospect area, was drilling ahead at 15,906 feet on March 20, 2000. Target depth is just over 19,000 feet.

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Australian Worldwide Exploration (22 March 2000)

In Argentina, AWE's wholly owned subsidiary AWE Argentina Pty Limited, advises the Ramblon Verde-1 well in CNQ-16/A has been cased and suspended awaiting future production testing.
Wireline logging has identified thin potential oil-bearing intervals that will be tested when a workover rig moves to the drilling site, anticipated to be within the next week. The commercial significance of these intervals cannot be determined until at least the completion of production testing.

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Hardman Resources (22 March 2000)

Hardman has advised that all approvals have been received from the Italian authorities for site access and drilling operations at the Colombo #1 exploration well, near Rome. The Company has also signed a drilling contract with Hydro Drilling International SpA for the use of their MR7000 drilling rig to drill Colombo #1. Site construction commenced on 17 March 2000 and the well is expected to spud between 12 and 17 April 2000.
Colombo #1 will test a seismically defined anticlinal structure with two potential reservoir targets and will be drilled to a depth of 600 metres.

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Kimberley Diamond Co (22 March 2000)

Kimberley Diamond Company NL has had the diamonds recovered from the Terrace 5 paleogravels valued. In summary, diamonds classified as gem, weighing a total of 50.03 carats, were valued at an average of US$164.03 (approximately A$270) per carat, whilst diamonds classified as near gem, weighing a total of 27.00 carats, were valued at an average of US$17.34 (approximately A$28.50) per carat.

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Roebuck Resources / Helix Resources (22 March 2000)

Roebuck has signed a farmin deal with Helix Resources NL ("Helix") whereby Roebuck can earn a 60% interest in the Panton Platinum - Palladium project by sole funding a $500,000 exploration programme. If Helix elect not to contribute at the 40% level, Roebuck can earn an additional 20% interest in the project by sole funding a further $500,000 exploration programme.
The Panton Project is located 60km North of Halls Creek in the Kimberley region of Western Australia and is secured by three granted Mining Leases.
The Panton Project is Australia's on]y high grade Platinum Group Elements ("PGE") - gold deposit with established resources )Indicated and Inferred Resource of 2 million tonnes at 6.02g/t PGE plus gold in one chromitite layer).

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Tap Oil (22 March 2000)

The Corvus-l exploration well has drilled ahead from 3,835.2 metres to the secondary planned total depth of 4,027.5 metres measured depth ("MD").
"Measurement While Drilling" logging data indicates that the well has continued to drill through a gas bearing reservoir to the present depth. A total of 591.5 metres (gross) of gas column has been intersected to date between 3,436 and 4,027.5 metres MD, with the hydrocarbon water contact yet to be encountered.

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Cluff Resources (21 March 2000)

A further 380 tonnes have been processed, yielding 221 gem quality diamonds weighing 27.0 carats. The largest stone recovered was yellow and weighed 0.78 carats. The largest white stone recovered weighed 0.49 carats. Haulage of an additional 500 tonnes to the processing plant has been completed, and another wash-up is expected shortly. Diamond bearing material from Monte Christo is trucked to the Company's jig based processing plant located at Copeton that operates with a lower cut off jig screen of 1.2 mm. Diamonds are recovered from jig concentrates using a grease table.
Excavation of a 200 tonne sample of red silty material of possible volcanic ash origin has commenced, and haulage to the plant will commence shortly.

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Craton Resources (21 March 2000)

Craton advised Shareholders that bulk samples taken from the most advanced deposits in the Douglas Mineral Sands Project, in the southern Murray Basin in Western Victoria are currently being assessed for bulk product quality and metallurgical recovery. Initial assays of the head samples indicate that high in ground grades occur at low waste:ore ratios (0.2 to 2.0) over substantial widths and thicknesses in all deposits.

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Oxiana Resources (21 March 2000)

Oxiana is pleased to report that due diligence on Rio Tinto's Sepon copper and gold project in Laos is proceeding satisfactorily and completion of the acquisition is planned during the second quarter. Preliminary studies show Sepon is capable of sustaining an operation to produce 40,000 t/a copper cathode and 125,000 oz/a gold in bullion, for more than 20 years.

Oxiana can also report positive news in respect of its ongoing Cyprus exploration programme where drilling at the Tourounja prospect has encountered significant gold minealisation. The first of two drillholes at the Tourounja prospect (ETS1) intersected silicified and clay altered volcanic rocks to bottom of the hole at 75m. The top 23m averaged 1 g/t Au and this included a 3m near-surface interval of more than 2g/t Au. ETS2, located 50m south of ETS1, was completed to 75m depth within similar quartz-pyrite-clay altered volcanic rock. Assay results are expected for ETS2 samples at the end of March.

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Victoria Petroleum (21 March 2000)

Victoria Petroleum NL, as Operator for the EP 325 Joint Venture, advises that the White Opal-l exploration well is drilling ahead in 311mm hole at 1,442 metres.
The White Opal Prospect is seismically interpreted to have a most likely potential to contain 247 million barrels of oil or 880 billion cubic feet of gas, in the target sands of the Mungaroo Formation, if hydrocarbons are present. White Opal-1 is located 22km to the southwest of the Leatherback-1 oil discovery, that flowed 2,400 BOPD from the Mungaroo Formation, and 20km north of the Rivoli-1 gas discovery.
White Opal-l is programmed for a Total Depth of 3,100m, and is expected to take 24 days to drill.

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Anvil Mining (18 March 2000)

Anvil Mining NL is pleased to announce the preliminary results of the ongoing sulphide drilling program being carried out at the Bogoso Gold Mine in Ghana. Anvil has a 20% interest in Bogoso Gold Limited, owner and operator of this mine.
The program to date has provided some excellent intersections and the preliminary work on updating the block models for Chujah and Dumasi (but not yet for Bogoso North) show a likely increase in the resources contained within existing pit shell designs of approximately 2 million tonnes. Additional in-fill drilling is expected to confirm the 2 million tonne increase, however if further drilling does not intersect anticipated mineralised widths and grades, the increase in the resource may not be as substantial.
Drilling at Chujah to test for down dip extensions of existing ore blocks encountered broad zones of high-grade mineralisation including:

• 47.80 metres averaging 6.91 g/t Au from 60.40 metres downhole depth, and
• 54.00 metres averaging 6.72 g/t Au from 87 metres downhole depth

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Kings Minerals (18 March 2000)

Kings Minerals - through its subsidiary Kings Diamonds International N.L (K.D.I.) - his prematurely completed the commissioning of its Diamond Recovery Plant on their Marine Diamond Recovery Vessel on Concession 6(a) in Western South Africa. The commissioning ended due to deteriorating weather conditions and modifications necessary to the Vessels hydraulic system.

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Petsec Energy (18 March 2000)

The well USTANG ISLAND 883S #1 ST is being completed as a dual zone gas producer.

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Sydney Gas Co (18 March 2000)

TESTS TO PLAN GAS DELIVERY TO MARKET AND TO DETERMINE RECOVERABLE GAS RESERVES
REFINED FRACCING TREATMENTS AND COMPLETION PROCEDURES PRODUCING CONSISTENT RESULTS
Australian coal bed methane developer, Sydney Gas Company , has announced that it will begin extensive tests on the gas flows of its Johndilo Pilot Project within the next two weeks.
SGC Executive Director Mr John Towner said that confidence is growing that the project will produce sustainable flow rates of natural gas for delivery to the NSW market via AGL's network.

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Victoria Petroleum (18 March 2000)

Victoria Petroleum NL, as Operator for the EP 325 Joint Venture, advises that the White Opal-1 exploration well is drilling ahead at 998 metres in 311mm hole, following an overnight bit trip.
The White Opal Prospect is seismically interpreted to have a most likely potential to contain 247 million barrels of oil or 880 billion cubic feet of gas, in the target sands of the Mungaroo Formation, if hydrocarbons are present. White Opal-1 is located 22km to the southwest of the Leatherback-1 oil discovery, that flowed 2400 BOPD from the Mungaroo Formation, and 20km north of the Rivoli-1 gas discovery.

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Alkane Exploration (17 March 2000)

The Directors advise that agreement has been reached for the acquisition of the remaining 10% interest in the Company's Leinster Downs and Mt Keith projects (the subject of a farm in agreement with Jubilee Mines NL ("Jubilee") as announced on 15 March 2000).
Under the terms of acquisition, Alkane will issue to vendor, Hot Holdings Pty Ltd (or their nominee), 200,000 ordinary fully paid shares at a deemed issue price of 20 cents each.

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First Australian Resources (17 March 2000)

Good gas shows have been reported in the Silmon etal #1 well, the first well in the Company's year 2000 multi prospect program in Louisiana. Mudlog readings increased from a background level of 25 units to 430 units of gas in a drilling break over the interval from 9,332 to 9,374 feet. A drill stem test will further evaluate this interval.
Planned total depth of the well is 9,750 feet.

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Lakes Oil (17 March 2000)

UPDATE OF ACTIVITIES

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New Zealand Oil & Gas (17 March 2000)

The Cervus-1 exploration well is currently at 3835 metres and logging operations have been completed. Information to date indicates a gas column is present over the gross interval from 3436 metres to 3865 metres. The following forward program will now be carried out:

1. A 27 metre length of core is being cut from current depth of 3835 metres to better define the reservoir quality.
2. The well will be deepened a further 215 metres to total depth of approximately 4050 metres to identify the base of the hydrocarbon column and determine if an oil leg is present.
3. Following further evaluation at least one drill stern test will be conducted in order to determine flow rates from the well.

Results from the forward program will be known in approximately two weeks.

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North Limited (17 March 2000)

North Limited Managing Director, Mr. Malcolm Broomhead, today announced a new international exploration strategy focusing on iron ore, currently concentrated in the West Angelas region, and base metals projects (essentially copper and zinc).
"The principle changes are that North will withdraw from gold exploration, greenfields exploration will cease and the priority will be on advanced projects and near mine exploration," he said.
Mr. Broomhead said there would be an "orderly transfer to preserve shareholder value and to honor commitments to partners".
"This new focus flows from the North Group's priorities of primarily taking North to a pre-eminent position in iron ore and in the longer term, base metals," he said.
"This decision does not include the Cowal Gold Project on which evaluation work is continuing."
Mr. Broomhead said the exploration strategy would result in the closure of exploration offices in Kalgoorlie and Perth in Australia and Denver in the USA, and the restructuring of offices in other Countries.
"We will centre exploration operations on two geographic divisions: Australasia / Europe / Africa and The Americas," he said. "While maintaining a geographic focus on selected belts, the exploration program will expand project acquisition activities into other emerging belts."
North will continue exploration in Australia, Indonesia, Mexico, Peru and Chile.

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Victoria Petroleum (17 March 2000)

Victoria Petroleum NL, as Operator for the EP 325 Joint Venture, advises that the White Opal-1 exploration well is drilling ahead at 882 metres in 31lmm hole.
The White Opal Prospect is seismically interpreted to have a most likely potential to contain 247 million barrels of oil or 880 billion cubic feet of gas, in the target sands of the Mungaroo Formation, if hydrocarbons are present. White 0pal-l is located 22km to the southwest of the Leatherback-1 oil discovery, that flowed 2400 BOPD from the Mungaroo Formation, and 20km north of the Rivoli-1 gas discovery.
White Opal-1, which commenced drilling on 10th March 2000, is programmed for a Total Depth of 3,100m, and is expected to take 24 days to drill.

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Alkane Exploration / Jubilee Mines (16 March 2000)

Alkane wishes to advise that it has finalised a farm-in agreement with Jubilee Mines NL (Jubilee) enabling that company to undertake exploration and mining on all four of Alkane's projects in the Leinster-Mt Keith region.
Three of Alkane's properties (Leinster Downs, Miranda and McDonough Lookout) are located in the Leinster Greenstone Belt between Jubilee's Cosmos Nickel Mine and WMC's Leinster Nickel Operations. They contain significant strike lengths of ultramafic rocks, and are considered very prospective for hosting nickel sulphide mineralisation similar to that discovered by Jubilee at Cosmos and Cosmos Deeps. Previous exploration has returned anomalous geochemical results from both surface sampling and in drill holes, and generated several strong electromagnetic (EM) anomalies.
The fourth prospect (Mt Keith) is located l2km north of the Mt Keith Nickel Mine and has previously only been explored for gold mineralisation.
Under the terms of the agreement:

• Jubilee is committed to a minimum expenditure of $200,000 within 18 months of signing.
• Jubilee is entitled to earn a 75% interest in the projects by spending $4,500,000 within 5 years.

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Bligh Oil & Minerals (16 March 2000)

Bligh advises that it has entered into a letter of intent with Nuevo Energy Company, Houston ("Nuevo") with respect to a sale of Bligh's interest in the Anaguid Permit in Southern Tunisia, and a partial farmout of Bligh's interest in the Fejaj Permit in central Tunisia. Preparation of a definitive purchase and sale agreement and a farmout agreement are under way.

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Ivanhoe Mines (16 March 2000)

Exploration at the company's Seruyung gold prospect in Indonesia has resulted in the discovery of a volcanic-hosted, high-sulphidation gold deposit, which is reflected by widespread gold mineralization outlined in surface and drill-hole results.
To date, 41 core holes have been drilled at Seruyung, totalling 7,864 metres, which indicate a resource of approximately 350,000 ounces of gold. The central set of drill holes on the crest of Gunung Seruyung outlined a significant zone of gold mineralization, referred to as the main zone. This zone is consistent with the generalized model of a high-sulphidation, epithermal system. The present model indicates both structural and stratigraphic control of the gold mineralization associated with a diatreme complex, resulting in a blanket of mineralization peripheral to the feeder system. The near-circular Seruyung diatreme is approximately 600 metres in diameter.

Exploration at the company's Long Laai base metal prospect has encountered significant intercepts of zinc mineralization in skarns. The Gupak and Mamak prospects are located in the Long Laai area within the southern Contract of Work which is 100%-owned by Ivanhoe Mines. Exploration has identified significant base metal and silver mineralization over several square kilometres within the Gupak and Mamak skarn systems.

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Johnsons Well Mining (16 March 2000)

JWM advises that it has made application for tenements covering 3,700 square kilometres in Central Victoria.
The decision to focus gold exploration in this region is based on the view that Victoria, which is recognised as one of the world's major gold provinces, had been grossly under-explored during the 20th Century. Large areas in the north of Victoria are under thin cover that would have obscured gold mineralisation from 19th Century prospectors.

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Jubilee Mines (16 March 2000)

Jubilee has further enhanced the long-term growth potential of its Cosmos Nickel Mine in Western Australia, signing a Joint Venture agreement with Alkane Exploration NL giving it access to some 120 km² of additional highly prospective ground with the potential to yield new satellite discoveries.
The exploration deal provides low-risk exposure for Jubilee to undertake exploration and mining on four of Alkane's projects in the Leinster-Mt Keith region of WA - all of which are located within 30 kilometres of the Cosmos treatment plant easily within an economic trucking distance.

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Kagara Zinc (16 March 2000)

Kagara Zinc Limited is pleased to report that its second exploration diamond hole designed to test the depth extension of the Mt Garnet zinc deposit has returned further excellent results.
GTD 56 (northing 4561, casting 11801.5) located down dip and to the North of Kagara's first hole GTD 53 (announced to the market on 2 March) intersected a mineralised interval of 64 metres at 3.3% zinc.
Included within this mineralised interval were three separate higher grade zones.
The results achieved so far, together with a complete review of previous data, has resulted in a reinterpreted long section . Holes GTD 53 and 56 appear to define the top of a previously unrecognised high grade shoot. As with GTD 53 the above intersections fall outside the boundaries of the previously reported resource.
It is expected that the planned open pit will be re-optimised to include the mineralised zone identified within GTD 53 and the two upper zones in GTD 56. The third, deeper zone, identified in GTD 56, which has the additional benefit of having significant copper grade, will increase the underground resource.

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Sydney Gas Co / Amadeus Petroleum (16 March 2000)

Sydney Gas Company NL ("SGC") is pleased to announce that further oil shows are reported at Glenmore No. 1. Amadeus Petroleum NL ("Amadeus"), the operator of the oil exploration in PEL 2, has advised that the well encountered oil and gas shows as follows:

(1) in the Lower Bulgo Sandstone at 492 metres - oil bleeding from the
core;
(2) in the Scarborough Sandstone
at 518 to 521 metres
at 526 to 528 metres - oil bleeding from the core
at 530 to 533 metres

Drilling is continuing through the Wombarra Claystone to the top of the coal seam. Electric logging and drill stem test is planned by the operator over the next few days.
Amadeus also advised that drilling of Fairlight No. 1 in PEL 2 is expected to commence next week.

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Australian Worldwide Exploration (15 March 2000)

In Argentina, AWE's wholly owned subsidiary AWE Argentina Pty Limited, advises the Ramblon Verde-1 well in CNQ-16/A has been cased and suspended awaiting future production testing.
Wireline logging has identified thin potential oil-bearing intervals that will be tested when a workover rig moves to the drilling site. The commercial significance of there intervals cannot be determined until at least the completion of production testing.
AWE also advises that recording of the Vaca Mahuida 3D seismic programme in the northern part of the permit is nearing completion. A total of 241sqkm has been recorded.

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Dioro Exploration (15 March 2000)

Highlights of additional RC drilling at East Mungari:

• 40m @ 22.52 g/t from 8 metres depth
  (including 16m @ 53.76 g/t from 24 metres)
• 4m @ 39.20 g/t
• 8m @ 30.37 g/t
• 8m @ 27.17 g/t
• 12m @ 11.86 g/t
• 16m @ 6.77 g/t
• 4m @ 7.08 g/t

It appears that there are two distinct styles of mineralisation emerging at the Frogs Leg project. To the North of the prospect mineralisation appears to be hosted by the same sequence as the Gilt Edged deposits, being quartz veining within a large shear at the contact between black shales and a mafic porphyry unit. The shear not only exists at the contact but also within the porphyry and within the black shale. Previously reported diamond drill hole 207D exhibits this style of mineralisation. Associated with mineralisation are numerous sulphides but predominantly pyrite and pyrrhotite.
Towards the south of the prospect there is another contact on mineralisation. This mineralisation is essentially a large quartz lode hosted by intermediate volcanic clusters. Mineralisation is associated with the quartz lode and smaller scale quartz veining adjacent the lode. Pyrite and pyrrhotite are associated with the mineralised intervals.

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Macmin (15 March 2000)

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Molopo Australia (15 March 2000)

The Directors are pleased to announce a new expanded Joint Venture Agreement with the Korea Hungsong Economic Group ("Hungsong") of the Democratic People's Republic of Korea ("DPRK").
The new agreement covers six gold projects, four of which are introduced under the new agreement and two of which have been the subject of earlier announcements.
All of the new projects are alluvial deposits. The first alluvial project on which Molopo will focus is at Changjin, 100km north west of Hamhung Bay. The project dimensions are approximately 11,000 metres long, 50 metres wide and 4-5 metres deep. Molopo has purchased a 50 tonne/hour InLine Pressure Jig from Gekko Systems in Ballarat, Victoria which is now en-route to the DPRK. This Jig should be in place in May 2000, with test production expected to commence soon thereafter.
A further significant new project secured by Molopo is "Big Boy" at Chongju in the north west of the DPRK. The Big Boy project covers a total area of 34.6 sqkm. The initial sampling and exploration work will focus on a 4 sqkm area from surface to a depth of 35 metres. Molopo is currently testing a small sample of material from Big Boy provided by Hungsong, and will undertake a more detailed sampling programme over the next six months.

The Directors also announced that the company has received formal approval from the Ministry of Foreign Trade and
Economic Co-operation (MOFTEC) in China for its Production Sharing Contract with the China United Coalbed Methane Company Ltd for the Exploitation of Coalbed Methane Resources in the Luilin Area of the People's Republic of China.
Molopo has now received all necessary approvals required to commence its appraisal drilling program and 4-5 well pilot production test. Molopo intends to drill and fracture 3-4 new wells and place them on a medium term production test. The company will also cavitate an existing well, HW-Llb, which will form part of the production test. Molopo anticipates that the first well will spud in May 2000.

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Mount Burgess Gold Mining Company (15 March 2000)

During the period 25 February to 3 March 2000 a RAB/aircore drilling programme consisting of 125 holes for 2,706 metres was completed at the Company's Tay Project in the south-west of Western Australia.

The most northern line returned a nickel intersection grading 0.18% Ni over 21 metres, the central line returned 0.21%Ni over 23 metres and the southernmost line returned 0.25% Ni over 22 metres and 0.12% Ni over 20m in holes 80m apart. Assay results from further drilling along strike to the north and south of this zone are still awaited.

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Sydney Gas Co (15 March 2000)

Lipscombe #1 - Spudded 24/2/00. Total depth of 725 m reached 13/3/00. Preparing to run open hole logs and run production casing.
Mahon #1 - Spudded 29/2/00. Also, 8 (5/8)" surface casing has been set at 148 m. Awaiting drilling rig, which will move back on approximately 15/3/00.

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Tap Oil (15 March 2000)

Since the last report dated 7 March 2000, the Corvus-1 exploration well has drilled ahead from 3,621 metres to the planned total depth of 3,835.2 metres measured depth ("MD").
"Measurement While Drilling" logging data indicates that the well has continued to drill through a gas bearing reservoir. A total of 399.2 metres (gross) of gas column has been intersected between 3,436 and 3,835.2 metres MD.
A wireline logging and coring programme is currently in progress with pressure data and a retrieved sample at 3,700.5 metres strongly supporting the existence of a gas accumulation.

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Victoria Petroleum (15 March 2000)

Victoria Petroleum NL advises that the Tri-Valley Oil and Gas operated EKHO-1, testing the Pipeline/EKHO Prospect area, was drilling ahead at 13,500 feet on March 6,2000.
At the EKHO Project in the San Joaquin Valley of Southern California, the EKHO-1 well is drilling at a depth of 13,500 feet. Tri-Valley Oil and Gas, the operators, have run in and cemented 9 7/8" casing to 13,100 feet and are now drilling ahead to the target depth of approximately 19,000 feet. The drilling is progressing as scheduled and it is anticipated that the EKHO-1 well will reach target depth in approximately 70 to 90 days.

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Amadeus Petroleum (14 March 2000)

The Directors of Amadeus Petroleum NL are pleased to announce that through its 100% owned USA subsidiary, Amadeus Petroleum Inc, the company has executed a contract with REMINGTON OIL of Graham Texas to acquire its oil producing assets in Young County, Texas.
The lease consists of 22 producing wells, 13 injection wells and 1 water supply well.
The acquisition cost is $US1.335 Million ($A2.1 Million). Current production is 130 bopd for the 100% working interest.
In addition to the existing production of 130 bopd the producing wells have the capacity for production increase by low cost workovers. These workovers should increase production by 100 bopd. There are 7 locations ready for infield drilling and this has the capacity to increase production substantially.

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Amadeus Petroleum / Sydney Gas Co (14 March 2000)

The Glernmore No l well being drilled by Amadeus in SGC's Petroleum Exploration Licence 2 ("PEL 2" ) in the Sydney Basin has encountered "encouraging oil and gas shows".
"The well is being continuously cored through the Lower Bulgo Sandstone of the Triassic Narrabeen Group. From 422 metres, sandstone with poor to fair porosity were encountered bubbling gas. Between 432 to 437 metres, sandstones with up to 50% moderately bright yellow- green to blue-white fluorescence and a petroliferous odour were intersected. Sandstones with gas shows and trace-10% fluorescence continued to 492 metres where a 1 metre sandstone with fair porosity and bleeding oil and bubbling gas was encountered. The well is currently drilling ahead in the Stanwell Park Claystone.
The future program is to core through the Stanwell Park Claystone and core and evaluate the Scarborough Sandstone beneath. At the prognosed total depth of 600 metres, electric logs will be run and the oil and gas shows evaluated."

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Centaur Mining / Taipan Resources (14 March 2000)

Centaur has carried out some 10,433m of RC drilling, targeting lateritic nickel-cobalt mineralisation within the Siberia Project in WA. Centaur recently requested Mining and Resource Technology (MRT) to undertake a resource evaluation. The parameters and results of the MRT resource evaluation are summarised as follows.
Inferred Resource 46.5Mt at 0.7% Ni and 0.03% Co for 326Kt of contained Ni metal (lower cut offof 0.5% Ni).

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Empire Oil & Gas (14 March 2000)

Empire, the Operator of the EP 389 Permit in the Onshore Perth Basin has recently completed the Bullsbrook North Seismic Survey. Processing of the new seismic data and reprocessing of seismic recorded by Empire in 1998 forms a detailed grid of 160 fold seismic data. Interpretation of this data set has delineated two substantial prospects. They are located immediately adjacent one another and both structures are remarkably simple dome-like structures. These prospects hove been named Eclipse and Eclipse West.

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Pan Pacific Petroleum (14 March 2000)

Over the last week the Corvus-1 exploration well was drilled from 3621 metres to present depth of 3835 metres. Results of wireline logging operations over the last few days indicate that a gas column is present over the gross interval from 3436 metres to present depth at 3835 metres.
Once logging operations have been completed over the next couple of days it is expected that Corvus-1 will be deepened in order to determine the full extent of the hydrocarbon column.

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Petroz (14 March 2000)

Petroz advises that the White Opal-1 well, located in exploration permit EP325 in the Carnarvon Basin of Western Australia, spudded on 10 March 2000.
White Opal-1 is an onshore well located on North West Cape and will be drilled directionally, to encounter the crest of the target horizon, the Triassic Mungaroo Formation, some 900 metres northeast of the wellsite, beneath the waters of Exmouth Gulf.
The well will be drilled to a total vertical depth of between 2,106 and 2,900 metres (2,340 and 3,100m drilling depth), the final depth being dependent upon the geological sequence encountered. Drilling of the well is expected to take 16 to 27 days.

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Deepgreen Minerals (11 March 2000)

Deepgreen has advised that the Company's subsidiary, Asia Energy Corporation Pty Ltd, has had all its titles in Bangladesh renewed for twelve months and is proceeding with applications for conversion of these into mining licences. The approvals follow presentations to senior representatives of the Government of Bangladesh.
Deepgreen owns 65% of Asia Energy Corporation, Barton Capital Holdings Ltd owns 29% and the balance is held by private investors.
The Bangladesh titles cover the Phulbari coal deposit which has an inferred resource of 383 million tonnes of high quality steaming coal. A scoping study carried out by Geo-Eng International has indicated that a 9 million tonne a year open cut mine at Phulbari would be economically viable. Asia Energy envisages a development of a 2,000 mega-watt power station in association with the coal project. The overall development cost of the mine and power project would be in excess of $US2,500 million.

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Golden Cross Resources (11 March 2000)

EXPLORATION UPDATE

LAVERTON
The Granny Smith Joint Venture reported that a 156m diamond drill hole has been completed on GCR’s Merolia property. Logging of the hole has identified chlorite alteration with very fine sulphide (pyrite) veining in the anticipated gold zone area. The core is being split and sent for assay.

Previous intersections of the gold zone have been in oxidized (as opposed to sulphide) material, with the best one returning 6m of 17.59 g/t gold.

KEMPFIELD
The latest drilling programme revealed a 32m zone to the west of the McCarron zone which assayed 3.5 % zinc, 0.57% lead, 22g/t silver (hole GKF78 from 8-40m) including 8m averaging 7.39% zinc, 1.06% lead, 32g/t silver. This zone has been named the Mather zone (previously the INCO zone) has a strike length of approximately 800 m.

Barite mineralisation was intersected over 52m from 74 to 126m which averaged 30.3% barite (plus 28g/t silver) in a hole GKF80 located 600m north of the McCarron zone

Resource estimates of the amount of barite at Kempfield calculated from the 245 holes drilled so far reveal an inferred resource of 2.7 million tonnes of barite to a depth of approximately 60m.

Barite is used primarily in oil drilling mud, however there is a large market for high value application in over 2,000 uses including computor, television and microwave screens to prevent emission of harmful rays.

Discussions have been held with an industrial minerals company with a view to exploiting the barite resources.

NARRAGUDGIL
Newcrest is currently conducting RC follow-up drilling of the copper-gold porphyry style mineralisation discovered at Yiddah North during 1999. Newcrest reported drilling 63 shallow aircore holes for 5,719m exploring the Gidginbung volcanics north of the Narragudgil prospect. Results are awaited.

COPPER HILL
Newcrest has decided to follow-up with deep RC drilling the high grade gold intersection of 2m averaging 26g/t gold in the southeastern portion of the five kilometre copper-gold porphyry system. The anomalous results from the shallow aircore drilling of the nearby magnetic low will also be followed-up with drilling.

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New Zealand Oil & Gas (11 March 2000)

Electric logs run at Hochstetter-1 (PEP 38460) confirmed that no commercial hydrocarbons were encountered.

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Santos (11 March 2000)

Santos Ltd is pleased to announce the acquisition of a number of Carnarvon Basin oil and gas assets from Shell Development (Australia) Pty Ltd for approximately A$240 million. The effective date for the transaction is 1 January 2000.
The interests acquired include:

• a 2/7ths interest in the Barrow Island joint venture;
• a 25/70ths interest in the Thevenard Island joint venture;
• various interests in exploration acreage associated with Barrow Island and Thevenard island; and
• a 2/7ths interest in exploration permit WA-213-P.

The estimate of proved and probable reserves within the portfolio acquired by Santos as at 1 January 2000 is approximately 43 million barrels of oil equivalent (BOE) representing an acquisition cost of approximately A$5.60 per BOE.

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Victoria Petroleum (11 March 2000)

Victoria Petroleum NL, as Operator for the EP 325 Joint Venture, is pleased to advise that the White Opal-1 exploration well spudded at 0400 hours on 10th March 2000, and is currently drilling ahead in 445mm hole at 30m.
The White Opal Prospect is seismically interpreted to have a most likely potential to contain 247 million barrels of oil or 880 billion cubic feet of gas, in the target sands of the Mungaroo Formation, if hydrocarbons are present. White Opal-1 is located 22km to the southwest of the Leatherback-1 oil discovery, that flowed 2400 BOPD from the Mungaroo Formation, and 20km north of the Rivoli-1 gas discovery.

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Allegiance Mining (10 March 2000)

Allegiance announced further encouraging drilling results from 3 recently completed drill holes on the Avebury nickel sulphide project near Zeehan in western Tasmania.

HIGHLIGHTS

• THE EXISTENCE OF TWO MINERALISED ZONES (NORTHERN AND SOUTHERN) IS CONFIRMED
• THE NORTHERN ZONE NOW HAS INFERRED DIMENSIONS OF AT LEAST 300M ALONG STRIKE AND PLUNGING SOUTHWEST FOR 300M PLUS
• 4.5M (TRUE WIDTH) IN HOLE A 012 OF 2.2% NICKEL CONFIRMS 100M DOWN DIP EXTENSION OF 14M (TRUE WIDTH) 2.5% NICKEL INTERSECTED IN A 011

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First Australian Resources (10 March 2000)

The Silmon etal #1 well, the first well in the Company's year 2000 multi prospect program in Louisiana, is presently drilling ahead at 8,405 feet. Planned total depth of the well is 9,750 feet.
The well will test the South Drew Prospect in Ouachita Parish, Louisiana.

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Icon Oil (10 March 2000)

The securities of Icon Oil NL the release of an announcement to the market.

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Jubilee Mines (10 March 2000)

Jubilee has received the analytical results from diamond drill hole JCD 102, the third hole to target the Cosmos Deeps mineralisation.This drill hole was drilled to test the down dip extension to the zone of massive nickel sulphide mineralisation intersected in the two earlier holes (JCD 100 and JCD 101).
JCD 102 intersected a 14.35 metre wide mineralised interval containing two zone of massive and semi-massive nickel sulphides.
Results include:

• 6.6% Ni over 5.80m from a down hole depth of 627.75m
• 7.9% Ni over 4.55m from a down hole depth of 637.55m
  within an overall intercept of:
• 5.3% Ni over 14.35m from a down hole depth of 627.75m.

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Amadeus Petroleum (9 March 2000)

Amadeus advise that drilling on Glermore No.1 well in the Sydney Basin has reached a depth of 359.6 metres and is coring ahead at the rate of 42.0 metres per day.
At the present rate of progress, the well should reach target depth of on Saturday, 11 March, 2000.

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Australian Mining Investments (9 March 2000)

Due to the adverse weather conditions currently being experienced in central Queensland commencement of the drilling program by Galilee Energy limited at ATP529P will be delayed. The drilling sites are located between Longreach and Winton about 20 km east of the Thompson River where flood levels are currently expected to exceed their 1955 level, the highest in recorded history.
A drill rig has been procured and it is estimated that drilling will commence as soon as it is possible to gain access to the site, expected to be in about 3 weeks.

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Homestake Mining (9 March 2000)

Homestake reported that the amount of gold contained in mineralized inventory at its 60%-owned Veladero project in northwestern Argentina has reached 7.8 million ounces, a 39% increase over the amount assessed as of December 31, 1999. The amount of silver in mineralized inventory has increased by 47% and reached 147.4 million ounces. The increased amounts of gold and silver are based on the information compiled from a total of 87 additional holes drilled since June 1999 into the Amable and Filo Federico deposits as well as step-out holes drilled north and east of Amable and southeast of Filo Federico. Not included in the inventory, but of particular importance, is mineralization which has been found between the two deposits. This mineralization forms an apparent extension of the earlier discovered Amable Norte zone and its discovery has opened new possibilities for future resource growth at Veladero.

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Maiden Gold (9 March 2000)

Maiden advises that it has concluded two acquisition agreements that will substantially enhance Maiden's equity positions in its existing gold projects in Tanzania. The properties involved include two which have returned multiple, apparently ore grade, RAB drill intersections for gold, and others with already defined drilling targets.

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Nido Petroleum (9 March 2000)

Nido Petroleum will commence its drilling and workover program as part of the Zhongyuan Redevelopment Project in mainland China, several months ahead of the anticipated schedule.
Nido's Managing Director, Mr Peter Henderson, said that as a result of the earlier than expected start to field operations, production revenue will be generated as early as mid April, when the first well is due to be completed.
"Net monthly incremental revenue to the joint venture could be about US$350,000" Mr Henderson said.

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Stirling Resources (9 March 2000)

The Directors of Stirling are pleased to announce that an Agreement with the Philippines National Oil Company (PNOC) whereby the PNOC will drill, and pay the costs for, the First Well on Fuga Island, the Philippines has now been signed. Drilling is expected to commence early May.

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Australian Worldwide Exploration (8 March 2000)

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Tap Oil (8 March 2000)

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Delta Gold (7 March 2000)

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New Zealand Oil & Gas (7 March 2000)

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Novus Petroleum (7 March 2000)

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Pancontinental Oil & Gas (7 March 2000)

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Petroz (7 March 2000)

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Aurora Gold (4 March 2000)

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Dioro Exploration (4 March 2000)

Additional drilling results at the East Mungari gold project have been released. Better intersections included:

• 4m @ 56.15g/t from 80 metres
• 12m @ 20.18g/t from 45 metres (including 8m @ 29.18g/t from 46 metres)
• 48m @ 5.65g/t from 8 metres
• 12m @ 2.36g/t from 8 metres
• 4m @ 3.02g/t from 0 metres

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Gullewa Gold (4 March 2000)

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Hardman Resources (4 March 2000)

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Mineral Deposits Ltd (4 March 2000)

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Victoria Petroleum (4 March 2000)

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Auridiam Consolidated (3 March 2000)

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Diamond Rose (3 March 2000)

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Empire Oil & Gas (3 March 2000)

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Exodus Minerals (3 March 2000)

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First Australian Resources (3 March 2000)

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Kagara Zinc (3 March 2000)

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Petsec Energy (3 March 2000)

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Amadeus Petroleum (2 March 2000)

Drilling on Glenmore No.1 well in the Sydney Basin has reached a depth of 240.2 metres. The well casing is being cemented in preparation for continuous coring through to the target depth of 500 metres. Drilling and continuous coring will commence on 2 March, 2000.

The drilling programme which recommenced 28 January, 2000 on the Nail Ranch has resulted in 8 wells being drilled, of which 7 are in various stages of completion, giving an initial increase in production of 75 bopd.

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Gilt-Edged Mining (2 March 2000)

GEM is pleased to release fire assay results for the highly successful program of infill reverse circulation ("RC") drilling completed at East Kundana in February 2000.
HIGHLIGHTS
The program comprised 14 RC holes at the Pegasus prospect for a total of 2,046 metres of drilling.
All holes intersected ore grade gold mineralisation. Intersection highlights include:

• 4 metres @ 19.56 g/t (Inc. 2 metres @ 33.14 g/t)
• 12 metres @ 7.99 g/t (Inc. 3 metres @ 27.70 g/t)
• 3 metres @ 15.55 g/t (Inc. 2 metres @ 21.90 g/t)
• 6 metres @ 6.62 g/t (Inc. 2 metres @ 12.57 g/t)

The results confirm the continuity of the main mineralised zone at Pegasus deposit within the area drilled. The 500 metre long Pegasus deposit remains open at depth and possibly also along strike north of 6720 N.

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Homestake Mining Company (2 March 2000)

Homestake announced the finalization of an exploration and earn-in agreement between Homestake and European American Resources, Inc. (OTC Bulletin Board: EPAR) regarding EPAR's "Prospect Mountain" properties located near Homestake's Ruby Hill mine in central Nevada. Under the terms of the agreement, Homestake has the right to earn a 51% interest in EPAR's Prospect Mountain properties by expending not less than $2,000,000 on or before December 31, 2002.

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Kimberley Diamond Company (2 March 2000)

1. FIELD RESULTS - BLINA/ELLENDALE
Kimberley has been processing heavy mineral results obtained from the field prior to the onset of the wet season in December 1999.
High concentrations of chromites and pyrope garnets have been recorded in paleogravels east of Pit 57, where a total of 20 diamonds weighing 5.76 carats were recovered from an 89 tonne sample in December 1999 for an average grade of 6.47 carats per 100 tonnes.
These results confirm Kimberley's view that the undiscovered pipe or pipes which source the diamonds found in the Terrace 5 gravels, lies within a short distance to the south or south-east of Pit 57. Kimberley is confident this source will be discovered during the forthcoming field season.

2. MACKAY AND SCHNELLMANN REPORT - CONCLUSIONS
This study has identified 21 target areas for future exploration on KDC's mining tenements.
Overall, it is concluded that KDC's mining tenements offer considerable scope for future exploration.
Finally, the under-explored olivine lamproites Ellendale 15 (10 ha) and Ellendale 22 (56.6 ha) should be re-examined for their potential for diamond-bearing pyroclastics beneath near surface magmatic sequences."

3. SOUTH AFRICA
Kimberley was advised by the Director of Minerals and Energy, Western Cape Province, after due consideration of all matters that the licences have been recommended for grant in Pretoria. Kimberley expects the licences will be granted before mid-April 2000.
The South African project is an onshore marine terrace diamond project which extends over a strike length of 35 kilometres, above the high water mark. Small-scale mining operations conducted by the vendors are resulting in recovery of over 10 carats of diamonds per hundred tonnes with an average diamond size of 0.3 carats valued at US$130 per carat.
An assessment of the central 14 kilometre section of the project by Marine and Coastal Geo Consultants of Cape Town, placed a net present value of A$28 million (after tax and a discount rate of 20 percent) on this central property.

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Marlborough Resources (2 March 2000)

Marlborough Resources NL Group (Marlborough) is pleased to announce that it has reached an agreement to acquire a subsidiary of Western Metals Ltd, EOE (No.75) Pty Ltd. This subsidiary owns the old Ardlethan Tin Mine, which includes:

• 53 mineral tenements containing significant tin resources
• buildings, some tin processing plant and equipment
• tailings dams and tin tailings
• a 53 km water pipeline and associated rights to draw water
• about 400 hectares of freehold land
• roads, pipelines and other services.

The agreed purchase price for the subsidiary is $1.00 (One Dollar) and Marlborough Resources Group will take over responsibility for rehabilitation of the tailings, etc at the old tin project, which was closed down in 1986. The tailings dams contain approximately 7.86 million tonnes of tailings at a grade of approximately 0.19% tin. So there are approximately 15,000 tonnes of contained tin in the tailings, with a current in-situ value of approximately A$130 Million.

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Michelago Resources / Sipa Resources (2 March 2000)

In April 1998, Michelago entered into option agreements with Sipa Exploration NL, which allowed Michelago to acquire Sipa's exploration interests in New South Wales. Details of the options were released to the market at that time.
The option agreements are due to expire on 1 March 2000. Michelago has elected not to exercise the option agreements.

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Rimfire Resources (2 March 2000)

Garnets, a reliable diamond indicator mineral, have been recovered from the main "Nareena" anomaly (samples 3,4,5 & 6) from the Bingara exploration area with the majority orange, lessor pink - red and rare pale lilac garnets in sample 6. In sample 23 from the Nareena Anomaly a very small (<0.5mm) yellow cubic crystal has well formed stepped faces and equally could represent a garnet or microdiamond. It will be further tested by Raman spectroscopy which will give an unequivocal result.
Garnets are also observed in the drainages from the Tom and Jerry Anomaly including the pale lilac garnets in sample 41 and 44.

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Sedimentary Holdings (2 March 2000)

CRACOW PROGRESS DRILLING REPORT
Sedimentary Holdings 30% in Joint Venture with Newcrest Mining Ltd.

ROSES PRIDE
Ongoing drilling of the Roses Pride epithermal vein system has continued to return encouraging results, including 4 metres @ 11 gAu/t and and 4.3 metres @ 12 gAu/t

KLONDYKE
Drilling on the newly named Royal Shoot in the Klondyke epithermal vein system has generated results including 6 metres @ 10 gAu/t and 4 metres @ 9.5 gAu/t.

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Tribune Resources (2 March 2000)

Tribune has released fire assay results for the highly successful program of infill reverse circulation ("RC") drilling completed at East Kundana.
The program comprised 14 RC holes at the Pegasus prospect for a total of 2,046 metres of drilling.
All holes intersected ore grade gold mineralisation.
Intersection highlights include:

• 4 metres @ 19.56 g/t (Inc. 2 metres @ 33.14 g/t)
• 12 metres @ 7.99 g/t (Inc. 3 metres @ 27.70 g/t)
• 3 metres @ 15.55 g/t (Inc. 2 metres @ 21.90 g/t)
• 6 metres @ 6.62 g/t (Inc. 2 metres @ 12.57 g/t)

The results confirm the continuity of the main mineralised zone at Pegasus deposit within the area drilled. The 500 metre long Pegasus deposit remains open at depth and possibly also along strike north of 6720 N.

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BHP / Platsearch (1 March 2000)

BHP has advised that is has elected to proceed to Stage 3 of the Thunderdome Heads of Agreement. Stage 3 is the drilling stage of the agreement. BHP expects to commence drilling within one week from today. The drilling programme will consist of at least three holes to test a large gravity anomaly located on the flanks of Dome 3. This anomaly is favourably located over prospective stratigraphy and is considered to be a good target for a Broken Hill style lead-zinc deposit. Also, BHP is conducting a gravity survey at Dome 6 where depending on the results further drilling may be undertaken.

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Indophil Resources (1 March 2000)

Drilling commenced at the Labo project in early February to test several gold anomalies.

An agreement was signed in February which will enable Copperbelt Selection to earn 80% of a small high grade copper resource at Lubanda, The resource is located in the northern province of Zambia, near the border of the Democratic Republic of Congo.

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Minerals Corporation Limited (1 March 2000)

MCL announced an agreement to earn 50% equity participation in a European garnet exploration and development company by spending up to A$500,000 in defining and proving up its garnet resources. Approximately 100,000 tonnes of recoverable garnet resource has been identified with good prospects to add substantial additional volume.

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Mount Burgess Gold Mining Company (1 March 2000)

Mount Weld (100%)

Subject to there not being any further rainfall it is now expected that two rigs will start drilling a budgeted 10,000 metre RAB/Aircore drill programme on Thursday 2nd March 2000. This drilling is planned to test a large geophysical anomaly consisting of north easterly trending structures, situated on the flanks of the Laverton Tectonic Zone, 20 kilometres south east of Red October.

On 10 March a third rig adapted to drill on the surface of Lake Carey is scheduled to commence drilling a further 8,000 to 10,000 metres on various targets to the south of the above-mentioned anomaly.

Tay (100%)

A planned 5000 metre RAB/Aircore drilling programme has now commenced and, subject to intermittent stand downs because of rainfall in this southern area, this programme is continuing to drill test a large gold/nickel geochemical anomaly, situated on the extensions to the Lake Johnston greenstone belt, south of the Maggie Hays and Emily Ann nickel deposits.

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New Zealand Oil & Gas (1 March 2000)

The Hochstetter well has now drilled through both the "D sand" and "F sand" objectives.
At 0600hrs on 29 February the well was at a depth of 3,298 metres and preparing to run electric logs. Following completion of the logging programme it is expected that the well will be plugged and abandoned.

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Rimfire Pacific Mining (1 March 2000)

Rimfire announced that it has entered into a heads of agreement with Goldex Resources NL for the sale of the company's Peel Fault gold tenements.
Goldex Resources NL, a new subsidiary of Australian Mineral Processors Ltd, is intending to list on the ASX.
Subject to the Goldex float being successful, Rimfire will sell its Peel Fault gold tenements to Goldex for 2,260,000 shares at 20 cents ($452,000).

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Ross Mining (1 March 2000)

Delta Gold Limited ("Delta") has advised of its intention to make a scrip based Part A takeover offer for Ross Mining NL ("Ross"). Delta is offering one of its shares for every 4.5 Ross shares held.

The offer represents a premium of 26% to Ross’ closing price on February 28, the last full day of trading on the Australian Stock Exchange. Based on the three-month weighted average trading prices for Delta and Ross shares, the offer represents a premium of 31%. Ross’ Board of Directors unanimously recommend that Ross shareholders accept Delta’s offer in the absence of any higher offer.

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Triton Resources / Millennium Minerals (1 March 2000)

Triton Resources Limited announced today it intends to focus on technology and related investments.

Mr Reynolds, Chairman of Triton, also announced that Triton’s existing mining assets will be transferred to a new subsidiary company, Millennium Minerals NL (an unlisted public company), which will be acquired for 6 million Triton shares and be funded independently of Triton’s other investments. ‘At an appropriate time the value of this subsidiary will be realised for the benefit of Triton shareholders’, said Mr Reynolds. Millennium has a number of advanced exploration properties which, when aggregated with Triton’s projects, create a far more attractive sale package.

It is anticipated Millennium's shareholders will follow their Board's advice and accept the offer which will be sent out today. The deal provides Millennium with sufficient funds to commence drilling on several advanced grass-roots projects.

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Victoria Petroleum (1 March 2000)

Victoria Petroleum NL wishes to advise that it has entered into an agreement with Kestrel Energy Inc whereby Victoria Petroleum NL will acquire from Kestrel Energy Inc all the petroleum assets of Kestrel Energy Inc held in California, USA and all the petroleum exploration properties of Kestrel Energy Inc held internationally outside of the USA.
The consideration to be paid to Kestrel will be satisfied by the allotment of 75,000,000 ordinary fully paid shares in the capital of Victoria, with the shares being allotted to Kestrel subject to the escrow provisions set down by the ASX.

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Australian Worldwide Exploration (29 February 2000)

At 0600 hours on February 28 the Hochstetter-1 well in PEP 38460 had reached a depth of 3192 metres and was preparing to drill ahead.
The first of the primary target reservoirs ("D Sands") was intersected at 2939 metres and was approximately 140 metres thick. Minor oil shows were seen over the interval from 2945-2960 metres but are, subject to confirmation by wireline logs, not considered to be economically significant.
Over the next 24 hours it is expected that the second primary target reservoirs ("F Sands") will be encountered.

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Dioro Exploration (29 February 2000)

Results of 3 diamond holes recently drilled at the East Mungari gold project have been released. Better intersections included 8m @ 17.08 g/t Au from86-94m and 2m @ 17.52 g/t Au from 138-140m. This project is held 5l% by Mines and Resources (part of the Cogema group) and Dioro 49%, with Mines and Resources the project manager.

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Empire Oil & Gas (29 February 2000)

The Rutile-1 well reached TD of 2516 metres on 25 February, 2000 after intersecting oil shows between 2348m and 2477m. Wireline logs were run on 26 February.
Analysis and interpretation of wireline logs indicated that sandstones between 2359m and 2391m contained oil at saturation levels too low to be produced. Testing of these zones was not warranted and as there were no other hydrocarbon zones in the well, the well was plugged and abandoned.
Although the well was plugged and abandoned, the oil shows in the well are the first in Permian sediments south of Perth and provide encouragement for further exploration in the Permian sequence in the southern Perth Basin.

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New Zealand Oil & Gas (29 February 2000)

Over the last week the Corvus-1 exploration well has been drilled from 3083 metres to 3443 metres, as at 0600 hours on 27 February.
As yet the North Rankin target has not been reached, but two sands have been encountered, at 3062-3071 metres and 3305-3317 metres.
Based on evaluation of the logs recorded while drilling, both sands appear to be hydrocarbon bearing. These sands appear unlikely to be economic on their own, but provide encouragement for deeper objectives yet to be encountered.

At 0600 hours on 28 February, Hochstetter-1 was at a depth of 3192 metres and preparing to drill ahead in 8(1/2)" hole.
Over the last three days, the 'D' Sands were encountered at 2939 metres and were 140 metres thick, consistent with the 120 metres predicted. Minor oil shows were seen over 2945 - 2960 metres but are, subject to confirmation by electric logs, not considered to be economically significant.
Over the next 24 hours it is expected that the 'F' sands objective will be encountered from about 3200 metres.

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Petroz (29 February 2000)

Petroz expects a significant improvement in the Company's cash flow following the announcement today of the successful drilling of the Elang-l/ST1 sidetrack well on the Elang Oil Field in the Timor Gap Zone of Co-operation.

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Victoria Petroleum (29 February 2000)

Site works have been completed at Point Murat, north of Exmouth, for the drilling of White Opal 1. Drilling contractor OD&E has mobilised and set up their camp at site. Drilling Rig 16 mobilisation is now underway from the Dongara area. It is anticipated that White Opal 1 will spud on 8 March 2000. The White Opal Prospect, a most likely 247 million barrels of oil/880 billion cubic of gas recoverable target, lies offshore from Point Murat in the Exmouth Gulf, and is being tested by a land based well deviated to the offshore target from the Harold E Holt Naval Communications Base.

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New Zealand Oil & Gas (26 February 2000)

At 0600 hours on 25 February, Hochstetter-1 was at a depth of 2941 metres, and drilling ahead in 8(1/2)" hole.
The primary objectives of the Hochstetter Well will be intersected over the next 2 - 3 days before reaching total depth of approximately 3600 metres. The 'D' sands are expected at 2950 metres and 'F' sands at 3200 metres.

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Amadeus Petroleum (25 February 2000)

Drilling on the Glenmore No.1 prospect, in the Sydney Basin has commenced. The target depth is 500 metres and continuous coring will commence from approximately 200 metres.

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Australasian Gold Mines (25 February 2000)

RC drilling and mapping has confirmed the presence of a significant number and volume of tantalum bearing pegmatites at the Dalgaranga Project in WA.The mapping was successful in identifying a further 4 pegmatites (Peg 4,5,6 and 7) or pegmatite clusters hosted by a 400 metre wide northeast trending schist zone located within the mining lease. The pegmatites strike in a northwesterly direction and are spaced along a 1500 metre long corridor within the schist zone. Drilling to date has also partially tested Peg 2,3,4 and 6. Assays are awaited.
The drilling programme has confirmed the presence of significant Ta₂O₅ mineralisation in the Peg 1 pegmatite that dips at less than 10 degrees east.

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Jubilee Mines (25 February 2000)

Jubilee announced that the analytical results from the recently completed diamond drill hole JCD 101, the second hole to target the Cosmos Deeps mineralisation. This drill hole (JCD 101 : 6944740mN / 261000mE : -60(deg) /270(deg)) is located 80 metres north of the discovery hole JCD 100.
JCD 101 intersected two zones of massive and semi-massive nickel sulphide mineralisation.
The first of these zones returned an intersection of semi-massive sulphides comprising - 7.5% Ni over 0.65m from a down hole depth of 590.90m. This result was released to the ASX on Monday 21 February 2000.
The second, lower zone consists predominantly of massive nickel sulphides. Results of the overall intersection are:

• 8.3% Ni over 17.8m from a down hole depth of 617.2m.
  
  This includes separate intervals of:
  • 11.8% Ni over 3.0m from as down hole depth of 617.2m,
  • 13.3% Ni over 4.95m from a down hole depth of 622.3m,
  • and 7.9% Ni over 5.7m from a down hole depth of 629.3m.

The substantial widths and high grades of the Cosmos Deeps mineralisation and the fact that the zone is open in all directions, is very encouraging.

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Australian Worldwide Exploration (23 February 2000)

In Argentina, AWE's wholly owned subsidiary AWE Argentina Pty Limited, advises the Ramblon Verde-1 well in CNQ-16/A has been cased and suspended awaiting future production testing.
Oil and gas shows were encountered over the gross interval from 1445-1525m. Cores were taken over the intervals from 1472-1481m and 1525m-1542m.

In New Zealand, AWE's wholly owned subsidiary, AWE New Zealand Pty Limited, advises that as at 0600 hours on February 22 the Hochstetter-1 well in PEP 38460 had reached a depth of 2860 metres. Intermediate logs have been recorded and casing is being run, prior to drilling ahead into the primary objective zones.

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Empire Oil & Gas (23 February 2000)

Empire, the Operator of the EP 389 Permit in the Onshore Perth Basin has recently completed the Bullsbrook North Seismic Survey. Processing of the new seismic data and reprocessing of seismic recorded by Empire in 1998 forms a detailed grid of 160 fold seismic data. Interpretation of this data set has delineated two substantial prospects. They are the Eclipse West Prospect (previously called Bullsbrook North) and the Eclipse Prospect (previously called Bullsbrook Downdip). Both structures are remarkably simple dome-like structures.

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Beach Petroleum (22 February 2000)

The onshore Portland area of western Victoria is to be the target of new gas exploration by Beach as the Company continues to expand its oil and gas interests in the Otway Basin.
Beach has accepted the offer to take up a 25% interest in Vic/099(1) (Boral Energy Resources Ltd - 75% (Operator)) after the tenement was offered for competitive bidding in April 1999.

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Jubilee Mines (22 February 2000)

Jubilee announced the completion of diamond drill hole JCD 101, the second hole to target the Cosmos Deeps mineralisation. This drill hole (JCD 101: 6944740mN /261000mE: -60deg/270deg is located 80 metres north of the discovery hole JCD 100.
JCD 101 has intersected two zones of massive and semi-massive sulphide mineralisation.
The first of these zones has returned an intersection of semi-massive sulphides comprising: 7.5% Ni over 0.65m from a down hole depth of 590.90m.
The second zone comprises about 17 metres of predominantly massive sulphides with minor semi-massive sulphides from a down hole depth of 617m. Analytical results from this zone are expected within the next week.

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New Zealand Oil & Gas (22 February 2000)

The Corvus-1 exploration well was drilled to 1233 metres, and 13 3/8" casing set at 1226 metres. The 12 1/4" hole section was then drilled to 2455 metres and 9 5/8"" casing set at 2447 metres. Since then, the 8 1/2" hole has been drilled to 3083 metres.
The first objective beneath the Base Cretaceous Unconformity was a thick sandstone encountered over 2665-2810 metres. Oil shows were reported from the uppermost 50 metres of this sand, but logs recorded during drilling show that only residual hydrocarbons are present at this level.
Planned activity for the coming week is to continue drilling to the next two targets, the North Rankin and Mungaroo objectives and to reach total depth currently planned at around 3800 metres.

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Novus Petroleum (22 February 2000)

Novus has announced a new oil discovery in Egypt's Western Desert. Novus announced today that its Neith South-1X exploration well in the Khalda Offset Concession in Egypt's Western Desert had tested at a combined rate of 2,778 barrels of oil and 4.5 million cubic feet of gas per day from two zones in the Jurassic age Khatatba Formation. Both the tests were on a one-inch choke. Perforations were between 4408 metres and 4383 metres. The oil has a specific gravity of 43 to 46 degrees API.
"This is a significant discovery as it confirms a new fairway in the south western part of the Khalda Offset concession where all 3 wells drilled so far, including Neith South, have tested oil" said Novus Managing Director, Dr Bob Williams.

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Roebuck Resources (22 February 2000)

Roebuck has signed a Joint Venture Heads of Agreement with Normandy Golden Grove Operations Pty Ltd ("Normandy") which gives Normandy the right to earn a 75% interest in Roebuck's Carlinga Well base metal-gold project area. To earn this interest, Normandy must manage and sole fund an exploration programme, carrying Roebuck to decision-to-mine point or for an expenditure on the project of $2 million.

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Victoria Petroleum (22 February 2000)

Victoria Petroleum NL advises that drilling of Ekho-1, one kilometre from leases held 50% by its wholly owned US subsidiary Victoria Petroleum USA Inc. in the Pipedream/Ekho Prospect area commenced on February 7, 2000.
Significant industry interest has been ignited in the San Joaquin Basin with the November 23, 1998 major Bellevue-No. 1 gas discovery and blowout. The Bellevue No. 1 well which blew out at 17,646 feet at an estimated rate of 100 million cubic feet per day provides encouragement that the deep East Lost Hills Prospect has the potential to contain gas reserves in the order of 3-12 trillion cubic feet of gas.
The Ekho Prospect, six kilometres to the east of the Bellevue No. 1 East Lost Hills Prospect has as its target the same sands productive at Bellevue No. 1.

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Amadeus Petroleum (21 February 2000)

The Directors of Amadeus Petroleum NL are pleased to announce that drilling will commence on the Glenmore No.1 prospect, near Picton NSW, on Thursday 24th February, 2000.
The target depth is 500 metres. Continuous coring will commence from 180 metres. Target depth is expected to be reached by Friday 10th March, 2000.

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Ashton Mining (21 February 2000)

Ashton Mining of Canada Inc. (AMCI) reports that a winter program of geophysics and drilling has commenced on the Cross, Star and Roundrock properties in the Northwest Territories. Ground geophysics consisting of magnetic and electromagnetic surveys will be conducted on previously identified anomalies with drilling on high priority targets to follow in late March.

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Britannia Gold (21 February 2000)

Britannia Gold NL advises that the Yaringa East drill hole at the Yaringa Potash prospect near Shark Bay has reached total depth of 1,281.5 metres after intersecting a series of evaporite beds. The evaporite mineralisation included 14m (1,206 - 1,220 m) and 9m (1,222 - 1,231 m).

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Mount Burgess Gold Mining Company (19 February 2000)

MOUNT WELD (Gold)
(Mount Burgess Gold Mining Company N.L. 100%)

On 11 January 2000 the Company announced the notification of the grant of Exploration Licence 39/518 and that a 10,000 metre RAB/Aircore drilling programme was due to commence around 20 January to test the large geophysical anomaly on the Company’s Mount Weld tenement.

However, as a consequence of significant rainfalls in this region, this programme has not yet commenced. Drilling crews and rigs are on standby and will commence as soon as the crews can access the ground.

As a consequence of the wet weather the Company is now planning to bring forward an additional drilling programme on the surface of Lake Carey. This will involve the deployment of a lake drilling rig which is currently being commissioned for this purpose. The programme will involve drilling an extra 5000 to 8000 metres over and above that previously announced. At this stage it is envisaged the programme will start in March.

TAY (Gold & Nickel)
(Mount Burgess Gold Mining Company N.L. 100%)

The 5000 metre follow up programme of RAB/Aircore drilling, aimed to test the anomalies highlighted at Vauni by infill and extension as announced last quarter, has been finalised and drilling is scheduled to commence on Tuesday 22 February.

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Craton Resources (19 February 2000)

RE: DOUGLAS PROJECT UPDATE - MAJOR MILESTONES ACHIEVED

Craton Resources NL (“Craton”) wishes to advise Shareholders of the following major milestones achieved on it’s Douglas Mineral Sands Project, in the southern Murray Basin in Western Victoria. Craton operates the project through its 100% owned subsidiary, Basin Minerals NL.
An initial Inferred Resource estimate of 11.3 million tonnes of heavy mineral concentrate (‘HM’) has been made
from drilling carried out over the past 6 months. Contained within this resource is 7.5 million tonnes of valuable
heavy mineral (‘VHM’) comprising rutile, zircon, ilmenite and leucoxene. Testwork on the VHM is current to
ascertain marketability of mineral products. The resources, presently categorised as Inferred and tabulated above,
are contained within two of the most advanced strandline deposits of the Douglas Project, namely Bondi and Echo.

This growing resource base forms the basis of the Company’s advance into a pre-feasibility study which should be
completed in third quarter 2000. Emerging resources are evident at Acapulco Central, Acapulco North, Bondi East
and Chetwynd (refer table) and new discoveries continue to be made. Drill spacing along strike of tabulated
emerging resources is currently too broad for a formal categorised resource estimate. Notwithstanding this, the current infill drill programme with bulk sampling should result in calculations of individual Inferred Resource
estimates in the next few months. A substantial increase in overall total Inferred Resources is expected.
The Bondi and Echo resources contain high grade strands within their 1% cut off envelope, and combined with their low waste:ore ratios, allows ready optimisation in the near future of potential mining parameters.

2. TECHNICAL ALLIANCE TO EVALUATE DEVELOPMENT POTENTIAL
The above preliminary resource base and other mentioned deposits represent a Mineral Sands Field of potential
global significance. In order to rapidly advance the project, Craton has entered into a technical and strategic alliance
with Leighton Contractors Pty Ltd (‘Leighton’), a wholly owned subsidiary of ASX listed Leighton Holdings
Limited, Australia’s largest project development and contracting group, and Evans Deakin Pty Ltd trading as MD
Mineral Technologies (“MD”), a subsidiary of ASX listed, large heavy engineering group Evans Deakins Limited.
MD are the world leading designers and suppliers of gravity separation plants and equipment and have considerable
worldwide metallurgical expertise in mineral sands.
Under the terms of the agreement, Leighton and MD are participating in a program of work with Craton to
culminate in a pre-feasibility study document to be completed in third quarter 2000. The pre-feasibility study will
hopefully demonstrate viability of the Douglas Mineral Sands Project on the expanded Inferred Resource base and
determine the pathway and nature of a Final Feasibility and Development Stage.

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BHP (18 February 2000)

BHP has announced a new oil discovery off the WA coast. The Coniston-1 exploration well was drilled in permit block WA-255-P, 50km off the WA coast near the NW Shelf.

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Jubilee Mines (17 February 2000)

MASSIVE NICKEL SULPHIDES INTERSECTED AT COSMOS DEEPS

Jubilee Mines NL is pleased to announce that it has intersected a new zone of high grade nickel sulphide mineralisation at its 100% owned and operated Cosmos Nickel Mine. Jubilee's centenary diamond drill hole JCD 100 intercepted:
8.8% Ni over 5.0m from a down hole depth of 571m, within an overall intercept of 7.6% Ni over 6.Om from a down hole depth of 572m
The drill hole (JCD100: 6944660mN/261000mE;-60 deg/270 deg) was drilled to test the strong EM conductor identified in December 1999.
The new mineralised zone, named Cosmos Deeps, is situated at a depth of about 500m below surface. It is located about 320m below and 100m east of the planned base of the Cosmos open pit, which contains a resource of 401,000t @ 8.2% Ni. Initial geological interpretation indicates that the mineralised zone plunges to the north.

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Sipa Resources (17 February 2000)

Sipa has finalised a farm-out agreement with Newcrest Operations Ltd under which Newcrest will manage exploration over virtually all of Sipa's extensive Ashburton holdings and will (subject to its right to withdraw) need to spend $8.5 million in order to earn a 70% interest in these projects. This arrangement, combined with a number of other agreements negotiated recently by Sipa, will enable the company to focus on its new exploration venture. The new venture is based on Sipa's exclusive access to Rio Tinto Exploration Pty Ltd's vast Australian geochemical and mineralogical databases.

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Western Metals / GME Resources (17 February 2000)

Western Metals Limited and GME Resources Ltd have agreed to merge their lateritic nickel tenements in the Leonora area of Western Australia to create a new lateritic nickel project.
The agreement delivers the critical mass needed for a stand-alone development and thus enables Western Metals and GME Resources to maximise the value of their respective interests.
A new company, NiWest, 60% owned by Western Metals and 40% owned by GME Resources, will be formed as part of the agreement. The new company will control tenements with a combined resource in excess of 100 million tonnes of laterite nickel grading 1.02% nickel and 0.07% cobalt.

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Australian Worldwide Exploration (16 February 2000)

Drilling operations commenced in Australian Worldwide Exploration Limited's ("AWE") exploration wells in Argentina and New Zealand.

In Argentina, AWE's wholly owned subsidiary AWE Argentina Pty Limited, advises the Ramblon Verde-1 well in CNQ- 16/A was spudded on February 2, 2000 . As at 0600 hours on February 14, the well had reached its total depth of 1805 metres (m) and wireline logging operations were underway.
Oil and gas shows were encountered over the gross interval from 1445-1525m. Cores were taken over the intervals from 1472-1481m and 1525m-1542m.
The significance of these shows will not be known until wireline electric logs are obtained.

In New Zealand, AWE's wholly owned subsidiary, AWE New Zealand Pty Limited, advises that the Hochstetter-1 well in PEP 38460 was spudded on February 9 (see attached map for location). As at 0600 hours on February 15 the well had reached a depth of 1388m where casing has been set.

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Empire Oil & Gas (16 February 2000)

Empire , holder of 100% of Carnarvon Basin permit EP 405, announce that, subject to the completion of relevant documentation, it has reached an agreement with the title holders of the contiguous permits EP369 and EP410 for an equity swap which will give all parties equal equities in all three permits.
This Agreement generates a combined exploration area in excess of 12,865 sqkm or 3.2 million acres, which contains three seismically mapped exploration prospects having combined potential recoverable reserves of 11.6 million barrels oil and 504 BCF gas.
The enlarged exploration area covers the most prospective portions of the under explored southern onshore Carnarvon/Merlinleigh Sub-basin.

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First Australian Resources (16 February 2000)

FAR has entered into a new drilling venture with Goodrich Petroleum Corporation (NYSE). The program covers 4 prospects located in Louisiana which are at different stages of advancement. The prospects were assembled during 1999 at a time of lower energy prices.
Being in a mature oil and gas province, these prospects are considered to be of a lower risk nature and offer FAR the opportunity for early cash flows from an improved energy pricing outlook.

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Greenstone Resources (16 February 2000)

Greenstone is pleased to announce the immediate commencement of a drilling program at its Binaliw, Philippines project.
Surface exploration at the project has suggested the presence of a large intrusive body with the potential for a major porphyry copper-gold system.

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Tap Oil (16 February 2000)

Tap Oil NL advises that it has entered into a farmin agreement with Apache Energy Limited to earn a 10% interest in WA-246-P by contributing to the drilling of the Corvus-1 exploration well.
Corvus-1 spudded at 02.30 hours on Sunday, 13 February 2000.
WA-246-P is located in the Barrow Sub-basin of the Carnarvon Basin on the Triassic trend approximately 50 kilometres north east of the Harriet Joint Venture's Campbell gas field. The Corvus-1 well is located in 61 metres of water at latitude 20deg05'54"S and longitude 116deg04'41"E.
As at 06.00 hours on Monday 14 February 2000, the well has drilled ahead to 685 metres and will continue to drill ahead to the planned total depth of 3,832 metres measured depth.

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Victoria Petroleum (16 February 2000)

Victoria Petroleum NL, as Operator for the PRA 436 Joint Venture, advises that the Cadart-1ST (sidetrack) exploration well is at a plugged back depth of 1270m. In view of the inability to successfully sidetrack, further attempts at sidetracking will not be made, and an open-hole test of the interval 1100-1270m will be carried out to determine the formation fluid in the lost-circulation zone that was taking drilling mud during sidetrack operations, in a similar manner to the test of the zone from 1609-1930 metres which flowed gas to surface.

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Diamond Ventures (14 February 2000)

Diamond Ventures has announced the signing of a Letter of Understanding with Barminco Pty Ltd - a leading privately owned mining contractor. The Letter of Understanding anticipates the formation of a Joint Venture to undertake gold exploration, development and production in the highly prospective Kookynie region in the Eastern Goldfields of Western Australia. The Kookynie tenements are owned and/or controlled by Barminco, and cover approximately 1,000sqkm including 60 mining leases and a gold treatment plant (1mtpa). The tenements lie within 150 km of seven major gold deposits containing in aggregate 24 million ounces of gold.

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Golden State Resources (14 February 2000)

The Directors are pleased to announce the acquisition by Golden State Resources of a new laterite nickel tenement application on the highly prospective Walter Williams Formation at its Menzies Nickel-Cobalt Project.
The new tenement application resides directly along strike from the Company's previously announced high grade nickel cobalt resources at the Highway joint venture, and the Golden State-Gilt-Edged Joint Venture ground at Comet Vale.

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New Zealand Oil & Gas (14 February 2000)

Drilling of the Corvus-1 exploration well, offshore Carnarvon Basin, Western Australia commenced on 13 February 2000. Corvus is currently at a depth of 685 metres and is expected to take about 3 weeks to drill.

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Victoria Petroleum (12 February 2000)

Victoria Petroleum NL, as Operator for the PRA 436 Joint Venture, advises that the Cadart-1ST (sidetrack) exploration well is at a depth of 1328m. The second attempt to sidetrack around the stuck core barrel has failed, and a cement plug is being set in preparation for a further attempt.

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Majestic Resources (12 February 2000)

The Directors of Majestic Resources NL announced that the Company is finalising an agreement with the Klipdam Diamond Mining Company Ltd ("KDMC") of South Africa to purchase the property and mineral rights to the property named "Klipdam 157".
Klipdam 157 is located approximately 20 kilometres north of Majestic's Pniel Estate Diamond Project near Kimberley, South Africa.The property has extensive diamondiferous gravels in two palaeochannels. The Klipdam Channel has 5.0 million tonnes drilled out and bulk sampled to a stage where mining can commence once the property and mineral rights have been transferred. The other palaeochannel, called the "New Discovery Area", is subject to a drilling programme jointly funded by the Company and Klipdam Diamond Mining Company Ltd to determine the extent of economic gravels, considered to be some 5.0 to 10.0 million tonnes.
The Company will pay US$2.5 million for the 5.0 million immediately mineable tonnes, and will pay US$0.30 per tonne for agreed economic gravel tonnes in the New Discovery Area, to a maximum of US$2.4 million.

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Victoria Petroleum (12 February 2000)

Victoria Petroleum NL, as Operator for the PRA 436 Joint Venture, advises that the Cadart-1ST (sidetrack) exploration well is at a depth of 1310m and has commenced the second sidetrack hole. The primary objective section is interpreted to commence at a depth of about 1540 metres.

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Astro Mining / Conquest Mining (10 February 2000)

Astro has entered into a farmin and joint venture agreement with Conquest covering tenements owned by Conquest within a 250 kilometre radius of the Company's Bow River Diamond Mine in the East Kimberley Area of Western Australia.
The tenements are situated to the southwest of the Argyle Diamond Mine and abut the Company's Bow River tenements. They cover the current drainage and adjacent gravel terraces of the Bow River. A preliminary assessment indicates the considerable exploration potential of the tenements to contain economic diamond concentrates.

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Lakes Oil (10 February 2000)

Lakes Oil NL ("Lakes Oil") wishes to announce that it has recently discovered the presence of an apparent surface oil occurrence located within its onshore Gippsland Basin permit PEP 137.

The discovery was made as a result of an analysis undertaken by the Company of recent radiometrics flown by the Australian Government Geological Survey (AGSO) in October of last year. Lakes Oil's consultant for the interpretation of the survey data (Pitt Resources of Adelaide) identified the presence of a large radiometric anomaly located to the west of Lake Wellington, and east of the town of Longford. Follow up field sampling has confirmed the presence of the anomaly.

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New Zealand Oil & Gas (10 February 2000)

The Ocean Epoch semi-submersible drilling rig today commenced NZ Oil & Gas Ltd's most important exploration well in years, Hochstetter-1, in the West Maid permit offshore Taranaki Basin.

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Sons of Gwalia (10 February 2000)

Sons of Gwalia Ltd ("Gwalia") today announced that it has entered into a Joint Venture with the RZM / Cable Sands Group ("RZM") in respect of RZM's Mineral Sands project in the Murray Basin region of eastern Australia (the Murray Basin Project").
RZM is a wholly-owned subsidiary of Nissho Iwai Corporation and is one of the largest suppliers and distributors of mineral sands in the world.
Gwalia said that it would acquire a 50 per cent interest in the Murray Basin Project from RZM for a total consideration of $15 million through expenditure of $6 million in cash and the sole funding of the first $9 million in ongoing exploration and development costs.

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Australian Worldwide Exploration (9 February 2000)

Drilling at two world-class prospects-offshore New Zealand and onshore Argentina-this week marks the beginning of AWE's aggressive exploration and appraisal drilling programmme for the year.
The 12-month, 12-well programmme in Australia, New Zealand and Argentina will expose AWE to the opportunity of more than 400 million barrels of oil equivalent through its equities in joint ventures, for a capital outlay of approximately $6.5 million.

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Consolidated Minerals Ltd (9 February 2000)

Consolidated will shortly kick off a major RC drilling program at its Woodie Woodie Manganese Project in the Pilbara region as part of an aggressive long-term strategy to increase the project's resource base to underpin a 10-year mine life. Consolidated Minerals' Managing Director, Mr Michael Kiernan, said approximately 12,000 metres of RC drilling would be carried out during the next six months..".

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Gilt-Edged Mining (9 February 2000)

GEM advises that a further program of reverse circulation ("RC") drilling has commenced at the Pegasus deposit, as part of its ongoing evaluation of the East Kundana project in WA.

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Kagara Zinc (9 February 2000)

HIGHLIGHTS - DECEMBER QUARTER:

Mt. Garnet:

• A 10,000 metre drilling program aimed at upgrading the Mt Garnet resource and to obtain material for additional metallurgical testwork will commence in January.
• Base line environmental studies at Mt Garnet have commenced.

King Vol:

• Limited drilling during the December quarter has extended known mineralization with intersections of up to 3.31m at 8.50%Zn and 8m at 5.86%Zn.
• Drilling planned to recommence in the June 2000 quarter after the wet season in Queensland.

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Amity Oil (8 February 2000)

The Rutile No 1 well spudded at 0700 hours on Sunday 6 February 2000.
The Rutile No 1 will test a seismically well defined domal structure at top Permian level, located approximately 20 kilometres south of the Whicher Range Gasfield. Targets in the well are the same Permian age sandstones which carry gas at the Whicher Range field.
The top of the Permian sandstone section is anticipated at 1900 metres, some 2000 metres shallower than in the Whicher Range field. On the basis of the shallow depth, reservoir quality is expected to be much better. This is supported by reservoir quality measurements from cores in Permian sediments at similar depth in the Sue No 1well, some 6 kilometres south of the Rutile No 1 location.

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Golden State Resources (8 February 2000)

Golden State has acquired two new tenements at Johnston Range from Pasminco.These new tenements of approximately 300sqkm in area adjoin Golden State's recent EL application to the south (51sqkm). The new tenements are to be 100% owned by Golden State. Golden State has purchased these two tenements for a total of $24,000 in cash payments. As a part of the sale Pasminco retains a royalty of 20 cents per tonne of ore mined and treated from the tenements, capped at a total of $350,000.

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Pan Australian Resources (8 February 2000)

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Red Back Mining (8 February 2000)

Red Back has announced a revised resource inventory for the Chirano Gold Project in Ghana to 13.46 million tonnes grading 2.4g/t for a total of 1.036 million ounces.
At this stage preliminary open pit planning indicates a series of open pits around the prospects with a central plant of approximately 1.5 - 2.0 million tonnes per annum. The higher grade pits will be mined first to take advantage of higher gold production and with it, improved cash flow.

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Victoria Petroleum (8 February 2000)

Victoria Petroleum NL, as Operator for the PRA 436 Joint Venture, advises that the Cadart-1ST (sidetrack) exploration well is at a depth of 1,350 meters and coring ahead in 99mm sidetrack hole in the non-reservoir seal cap rock unit. The primary objective section is interpreted to commence at a depth of about 1,540 metres.

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Mount Burgess Gold Mining Co (5 February 2000)

Mount Burgess has launched its comprehensive web site, www.mountburgess.com, developed by Digital Reflections. Mount Burgess (ASX Code MTB) currently has an active interest in six projects totalling approximately 5,000 square kilometres of ground situated in Australia and Namibia and is aggressively exploring these projects whilst investigating other opportunities in the minerals resource industry.

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Highlands Pacific (5 February 2000)

Drilling at Kainantu confirms continuous high grade gold mineralisation over 1,100 metres
Inferred resource estimate of 1.78 million ounces of contained gold

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New Hampton Goldfields (4 February 2000)

Joint Venture into Kambalda West

The company has acquired the right to a 70% interest in the Kambalda West project which totals 150km2 through a joint venture entered into with Central Kalgoorlie Gold Mines NL; the owner of the project.

This project is located approximately 10km west of Kambalda and 30km from the company’s closest milling facility at Jubilee. The project area is highly prospective for gold with resources already established at Jonah Dam (14,250 ounces) which adjoins WMC’s Cave Rocks deposit. The area is also prospective for nickel with a known gossan and a number of discrete targets already identified.

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Victoria Petroleum (4 February 2000)

Victoria Petroleum NL advises that the Cadart-1 ST (sidetrack) exploration well is at a depth of 1144 meters and coring ahead in 99mm sidetrack hole in the non-reservoir seal cap rock unit. The primary objective section is interpreted to commence at a depth of about 1540 metres.

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Gateway Mining (3 February 2000)

HIGHLIGHTS - DECEMBER QUARTER

GIDGEE PROJECT – WESTERN AUSTRALIA

• Drilling confirmed that the Barrelmaker South prospect has gold mineralisation over a strike length of 200 metres. Recent results include hole GRB699 that returned 15 metres @ 2.31 g/t gold that included 10 metres @ 3.20 g/t.
• Surface laterite sampling has identified a gold anomaly located 300 metres west of Barrelmaker South. The anomaly contains a central core of greater than 0.10 g/t gold surface material that extends for over one kilometre. Four shallow rotary airblast drillholes tested the zone on one section. Holes intersected significant alteration.
• A gold anomaly has been identified within the Legendre JV. Significant drilling results included 20 metres @ 1.76 g/t gold, 10 metres @ 0.78 g/t gold and 25 metres @ 0.45 g/t gold.

COWRA – NEW SOUTH WALES

• Interpretation of stream sediment geochemistry, airborne geophysics and photogeological studies indicate the area is prospective for porphyry related copper-gold mineralisation. Anomalous zones have already been identified and are contained within a 20-kilometre long alteration envelope.
• Petrological studies indicate that the mineral assemblages identified from numerous alteration and breccia zones sampled are consistent with low-grade propylitic-type alteration in the outer or upper parts of a porphyry-type geological environment. Samples returned anomalous values in copper, zinc and minor gold.
  

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BeMaX Resources (2 February 2000)

DECEMBER QUARTER - HIGHLIGHTS

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Giants Reef Mining (2 February 2000)

HIGHLIGHTS - DECEMBER QUARTER

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Herald Resources (2 February 2000)

QUARTERLY REPORT - FOR THE THREE MONTHS ENDED 31 DECEMBER 1999

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Macmin (2 February 2000)

DRILLING RESULTS LIKELY TO SUBSTANTIALLY INCREASE MINING RESERVE (& INDICATED RESOURCE) WITHIN PROPOSED PIT AT TEXAS SILVER PROJECT QUEENSLAND. GEOCHEMICAL AND GEOPHYSICAL EVIDENCE SUGGESTS ADDITIONAL SILVER DEPOSITS SUCH AS TWIN HILLS WILL BE FOUND ELSEWHERE IN MACMIN’S TEXAS DISTRICT.

Results from a further 25 drill holes at the proposed Twin Hills Mine, Texas Project, (MACMIN 100%) have been received /evaluated. Eleven holes are still pending.

Twelve holes were located within the limits of the proposed open pit, but were at substantial distances from all previous drilling intersections. Seven of these twelve holes recorded (potentially) economic intersections of silver and all holes were anomalous.

Drill hole 146, (located at 4198N, 2493E) recorded high-grade silver mineralisation – 6m at 247g/t, between 24 and 30m depth with the entire 30m deep hole averaging medium-grade ore of 101g/t Ag. The final sample in the hole was 112g/t Ag, indicating likely extension of the high-grade zone to greater depths. Hole 146 is particularly significant, as it extends the previously reported high-grade silver zone from hole 145, a further 27 m to the WSW (from hole 145).

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Victoria Petroleum (2 February 2000)

Victoria Petroleum NL, as Operator for the PRA 436 Joint Venture, advises that the Cadart-1ST (sidetrack) exploration well is at a depth of 1087 meters and coring ahead in 99mm sidetrack hole in the non-reservoir seal cap rock unit. The primary objective section is interpreted to commence at a depth of about 1540 metres.

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Icon Oil (1 February 2000)

Icon Oil NL is pleased to announce that an agreement has been signed with Bayou Choctaw Inc and Warren Operating Company Inc, to purchase an interest in a production development opportunity in Louisiana, USA. This interest varies from 13% to 80% and will be held in Icon Oil U.S., LLC, a wholly owned subsidiary of Icon Oil NL.

N M Rothschild & Son (Australia) Ltd have been engaged to arrange and provide a debt facility to fund the development of the proven reserves in Louisiana. Icon expects to conclude these arrangements by early March with drilling commencing soon after.

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Lakes Oil (1 February 2000)

SUMMARY - DECEMBER QUARTER

Lakes has been investigating the potential of the North Seaspray prospect, located south of Sale between the town of Seaspray and the Longford gas processing plant. The primary target for this prospect is the Golden Beach Formation sands, which flowed gas in the North Seaspray-1 well, drilled down structure by Arco-Woodside in 1962.

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Hampton Hill Mining (31 January 2000)

Drilling at the Rayjax prospect at Northlander, near Kalgoorlie in WA, had produced encouraging intersections including 11m @ 3.25 g/t Au at a depth of 408m down hole.

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Metex Resources (31 January 2000)

HIGHLIGHTS - DECEMBER QUARTER:
Corporate

• Significant new corporate initiative launched in the Telfer region of Western Australia. Metex has entered into an option/purchase agreement to acquire the joint interests of Gindalbie Gold NL and Croesus Mining NL in almost 6,000km2 of tenements at Telfer. Included within the package, hosting the exciting Magnum discovery, is the Anketell-Minyarie area where drilling recently has returned results including 15m @ 14g/t gold in AKD 009. Significant copper mineralisation has also been returned, including 4.4% Cu over 8m being returned in AKD 005.
• This initiative, launched in association with Resource Finance Corporation Ltd (RFC), a leading Australian investment banker to the mining industry, is expected to herald the flow of fresh exploration capital back into the resources industry.
• Through this exciting and innovative corporate approach it is anticipated that Metex shareholders will accrue significant value adding interests (either direct or indirect) in exciting, large-scale additional exploration projects throughout Australia.

Laverton Exploration Joint Venture (Metex - Delta Gold NL)

• Reconnaissance drilling at Red Flag returns significant results in 13 of the 14 RAB drillholes completed, including 7m @ 3.16g/t in RFB165. Prospective untested stratigraphy delineated over a 7km strikelength.

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Aurora Gold (29 January 2000)

DECEMBER QUARTER - SUMMARY

AUSTRALIA – YILGARN

• The recently completed RC drilling programme of 27 holes at Lake Carey has returned encouraging intercepts. Further aircore and diamond drilling will be undertaken.

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BHP (29 January 2000)

BHP will spend $192 million developing the Typhoon oil and gas field in the Gulf of Mexico. Chevron is BHP's 50% partner.

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Exco Resources (29 January 2000)

Qu a rt e rl y Re p o rt
Mt Margaret Project, Mt Isa district, Queensland (Exco/BHP Strategic Alliance)
Summary
During the quarter, Exco announced higher grade copper mineralisation at its E1-North discovery at Mt Margaret, 8km east of the Ernest Henry copper-gold mine in Queensland.
Copper-gold mineralisation of a style similar to that at Ernest Henry has been discovered as a series of sub-parallel bodies each with strike lengths up to 200 metres, varying widths between 10 and 150 metres and a maximum drilling depth of 200 metres.
Geological interpretation is in progress, however it is anticipated that the potential E1-North resource to a depth of 200 metres will be in the range of 5-10 million tonnes grading between 1.0-1.5% copper with minor gold credits using a cut-off grade of 0.5% copper.
When combined with the E1-South minieral resource as defined by the previous operator the total of the two deposits is anticipated to be in the range 15-20 million tonnes grading between 1.0-1.2% copper with minor gold credits using a cut-off grade of 0.5% copper.
In gold equivalent terms this approximates a gold resource of between 1.0-1.6 million ounces using a copper price of US$0.85 and a gold price of US$285.
Mineral resource estimates for both deposits are in progress and a scoping study to assess the economic potential will be commenced after completion of the mineral resource estimates.
The potential of the remainder of the Mt Margaret tenement for additional copper-gold discoveries is considered to be very high. These will be assessed concurrently with any further drilling required at the E1-North and E1-South deposits.

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Golden Cross Resources (29 January 2000)

Highlights - December Quarterly Report

• At Kempfield the fifth programme of RC drilling produced the best zinc-lead intersection to date at the McCarron Zone - 14m of 7.31% zinc, 3.58% lead and 100g/t silver, including 2m of 14.1% zinc, 7.38% lead and 182g/t silver. A sixth programme is underway, aimed at further testing the McCarron Zone sulphide mineralisation at depth.