[Aerial View of Mine]

Company News

May, 2000

[Digital Reflections]

Wednesday 31st May 2000 (Close of Business)
All Ords 3040.6
+29.9
 
Dow Jones 10,522.33
-4.8
ASX200 3081.0 +30.4 S&P 500 1420.60 +1.85
All Resources 1216.0
+7.0
Nasdaq 3400.91
-58.57
All Mining 610.3
-1.9
Gold - spot/oz US$271.30
-0.80
All Gold 665.0
+1.6
Silver - spot/oz US$4.91
+0.02
Energy 1401.8
+29.4
Platinum - spot US$559.00
-7.00
All Industrials 5330.4
+55.9
Bridge CRB Index 222.27
-1.13
FTSE 100 6359.30 -0.30 Crude Oil (NYMEX) US$29.01 -1.34
Nikkei 16,332.45 +103.55 Copper (LME $US/tonne) US$1738.5 +3.0
Hang Seng 14,713.86 +722.96 Lead (LME $US/tonne) US$417.5 +1.0
A$ = US57.2c
+0.1
Zinc (LME $US/tonne) US$1126.5
-3.0
A$ = 61.75yen
-0.23
Nickel (LME $US/tonne) US$9,160.0
-70.0
A$ = 0.611Euro
-0.010
Aluminium (LME $US/t) US$1446.5
+6.5
US 30-Year Bond 6.017% -0.069 Tin (LME $US/tonne) US$5372.5
-2.5
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price

Lakes Oil NL (31 May 2000)

Lakes Oil N.L. wishes to announce that as a 6 am this morning, Wednesday 31th May 2000, the North Seaspray-3 well was still at a depth of 187 metres and waiting on cement to dry prior to running a mast proof test.

For further information, click here


Alcaston Mining NL (31 May 2000)

The directors are pleased to advise that the Company's Swedish subsidiary, Alcaston Diamond Exploration A.B., has completed its seed capital raising in Sweden.


Amadeus Petroleum NL (31 May 2000)

Amadeus Petroleum NL announce that during the due diligence process associated with the acquisition of Remington Oil, a number of irregularities have been identified. As a result, the transaction may not close. Notwithstanding this, Amadeus currently has in excess of $A2.5 million in cash and $US4.5million in undrawn lines of credit and is reviewing other investment opportunities.


Auiron Energy Limited (31 May 2000)

* Phillipson Coalfield Shown To Have Commercial Potential To Supply Both SASE and Local Industry

* Phillipson Trial Pit Under Consideration

IRON ORE

AuIron Energy reports that substantial intervals of high-grade haematite and magnetite intersected during the South Australian drilling programmes recently completed by its SASE Pty Ltd subsidiary have confirmed previous work by the South Australian Government that extensive high-grade iron ore resources are present in the Hawks Nest area, 1201km south of Coober Pedy.

COAL

The recent programme also included additional drilling for large diameter core samples for smelting tests of the Ingomar coal deposit. Ingmoar lies within the Company's 5 billion tonne Phillipson coalfield, 60km north-west of Hawks Nest and close to the existing railway connecting to Whyalla. The intersected coal is 4m closer to surface than in previously delineated contiguous areas. As a result, the amount of overburden stripping required to open up the deposit will be significantly reduced and the estimated mining costs will be lowered. The estimated costs were already in the lowest quartile of international mining costs.

The potential exists to establish the Phillipson coalfield as a major source of coal within South Australia capable of supplying other industrial customers as well as the SASE project itself.

DEMONSTRATION PLANT

A Demonstration Smelter now under construction at Whyalla is on schedule and nearing completion. Commissioning is slated to start in July 2000.

COMMERCIAL PLANT

A decision on the preferred location of the commercial smelter (near Coober Pedy or on the Spencer Gulf) could be made as early as October 2000.


Beach Petroleum NL (31 May 2000)

Beach Petroleum reports that Taipan-1 spudded at 1400 hours on 29 May. At 0800 hours on 30 May the operation was running 9 (5/8)" casing at 1,008 feet (307 metres).

Taipan-1 is located in ATP 548P, southwest Queensland, approximately 16 km northeast of the Inland Oil Field. Primary objectives of the well are the Namur and Hutton Sandstones of Jurassic age. The well has an anticipated total depth of 6,945 feet (2,117 metres).


Caltex Australia Limited (31 May 2000)

Maple-Brown Abbott Ltd became a substantial shareholder in Caltex Australia on 24/05/2000 with a relevant interest in the issued share capital of 13,888,734 ordinary shares (5.14%).


Comet Resources NL (31 May 2000)

Comet Resources have allotted 700,000 fully paid shares following the exercise of 700,000 options exercisable at 20 cents and expiring 31 May 2000.


Consolidated Rutile Limited (31 May 2000)

QBE Insurance Group Limited increased its relevant interest in Consolidated Rutile on 25/05/2000, from 45,873,552 ordinary shares (26.49%) to 50,710,312 ordinary shares (29.29%).


De Beers (31 May 2000)

European reports are speculatiing that De Beers' Central Selling Organisation cartel is dismantling, a situation that would see major changes in the industry.

After July 12th, the CSO will only be used to market diamonds from De Beers' own mining operations, totalling around half the world's diamonds.

Over the past decade, in an effort to bolster the value of lower-grade diamonds, De Beers' have been stockpiling causing a decrease in profits since the early 1990's. Since last year the company has made an effort to reduce stockpiles and to date, has sold over $US1 billion in stockpiled stones.

It was expected the market would crash with the influx of stones; however in contrast, prices have risen by 20% in the last 12 months and are still increasing with strength.


First Australian Resources NL (31 May 2000)

Please be advised that all resolutions put to shareholders at the Annual General Meeting of First Australian Resources this morning were passed without amendment.


Gilt-edged Mining NL (31 May 2000)

REMOVAL FROM OFFICIAL LIST

Gilt-Edged Mining NL will be removed from the official list ofAustralian Stock Exchange Limited from the close of trading on Wednesday 31 May 2000 pursuant to listing rule 17.14 following compulsory acquisition by Goldfields Kalgoorlie Limited under its takeover offer.


Glengarry Resources NL (31 May 2000)

The directors of Glengarry announce that a total of 1,470,008 ordinary shares forfeited for the non-payment of calls were sold by public auction and realised proceeds of $57,470.00.


Goldfields Kalgoorlie Limited (31 May 2000)

Notice is hereby given that an Extraordinary General Meeting of Goldfields Kalgoorlie Limited will be held at 2.00 pm on 28 June 2000 at Level 16, 1 Castlereagh Street, Sydney, New South Wales.


Hardman Resources NL (31 May 2000)

Hardman Resources provides the following update on the Fuga #1 exploration well, Philippines to 06.00 hours, 30 May 2000:-

PROGRESS:(since 23 May)

The well was drilled from 709 metres to 1,389 metres in 12(1/4) inch (311mm) hole size.

The geology consists predominately of Siltstone, dark greenish grey, in part grading to claystone.

No significant hydrocarbon shows have been encountered in the section drilled. At about 885 metres two thin limestone beds were encountered with minor associated gas recorded in the drilling mud of up to 0.4% C1.

Note: The two main objective zones have not yet been reached.


Indian Mining NL (31 May 2000)

The Prospectus is now available.


Menzies Gold Limited (31 May 2000)

All seven resolutions to be considered were passed at the shareholders meeting held today.


Mt Burgess Gold Mining Company NL (31 May 2000)

Mt Burgess are continuing their on-market share buy back programme.

For company details, click here


Norwest Energy NL (31 May 2000)

Norwest Energy announces that as at 6.00am (CST) Monday, 30th May, Puffin-5 was at 2003 metres and completing operators associated with setting 9(5/8)" casing. It is planned to drill ahead this afternoon to the primary objective K1a sandstone.

Puffin-5 will test the Puffin-1 Updip Prospect which has P50 potential recoverable reserves of 75 million barrels. The well is 1.1kms northwest and updip of Puffin-1 which intersected a 2 metre oil column in the Lower K1a Sand in 1973. Puffin 1 recovered about 20 litres of oil from a wireline testing tool while Puffin 2 drilled in 1974 on a drillstem test flowed 4608 Barrels of oil per day.


Novus Petroleum Limited (31 May 2000)

AMP Limited increased its relevant interest in Novus Petroleum on 26/05/2000, from 16,150,836 voting shares (10.13%) to 18,190,099 voting shares (11.41%).


Pancontinental Oil & Gas NL (31 May 2000)

The Philippines National Oil Company as operator of the Aparri Basin GSec 84 Joint Venture has advised that at 6.00am, 29 May 2000, (Philippines time) 20 days after spudding, the Fuga 1 exploration well has reached a depth of 4518 feet (1377.1 metres). The well is drilling ahead in a 12(1/4)" hole.

The Late Miocene section in this well is considerably thicker than originally predicted and the objective section has not yet been encountered.

Fuga 1 has a proposed total depth of 2200 metres and is anticipated to take 34 days after spud to reach that depth.

Pancontinental Oil & Gas NL has a fully carried interest of 6.875% through the drilling, evaluation, completion and testing of this exploration well which has an estimated dry hole cost of US$3.4 million (US$4.3 million tested).

Based on the operator's estimates, the potential recoverable reserves of the Fuga Island prospect are 5,240 billion cubic feet of gas from the sum of the Labuagan, Sicalao and Ibulao reservoirs.


Pilbara Mines Limited (31 May 2000)

Pilbara Mines Ltd (Pilbara) takes this opportunity to provide an update on its activities during May 2000, all of which are progressing to plan, and on schedule, with respect to Request DSL (80% Pilbara) and the Teutonic Bore Project:

REQUEST DSL

* The granting of a Carrier Licence to Request DSL by the Australian Communications Authority, effective 2 May 2000, maintaining Request DSL on track with its business plan to provide broadband DSL services by the lost quarter of 2000.

* The signing of an evaluation agreement with Clearband, a leading developer of multicasting technology in the US, allowing the delivery of a true, TV-quality experience with full-screen streaming video, over Request DSL's trial DSL network in Australia.

* The visit by the Request DSL Management Team to Silicon Valley in the US, to receive an executive briefing from Cisco Systems, with whom Request DSL have an agreement for a four phase roll-out plan of a nationwide ADSL network in Australia, and to meet with other broadband content providers.

* The appointment of BNP Equities (Australia) Pty Ltd as Corporate Advisor to Pilbara, to provide financial, strategic, and tactical advice in relation to Pilbara's 80% investment in Request DSL and the launching of its national DSL network.

* All the above milestones, in conjunction with discussions with a number of major investors, place Request DSL on track, as per the business plan, to be rolling out a national DSL Network in Australia, by the last quarter of 2000.

TEUTONIC BORE PROJECT

* The pre-feasibility study into extracting Zinc, Copper, Silver and Gold from surface resources at the Teutonic Bore mine is progressing on target, with encouraging metallurgical recoveries having been reported recently and the commencement of Stage 2 of the study to evaluate flow sheets, capital and operating costs and project cash flows. Results are due toward the end of the month of June 2000.

* The approval to commence an air core exploration drilling programme on Pilbara's tenements to the south of the Teutonic Bore mine, in an area of highly prospective but poorly tested host stratigraphy where previous exploration has shown base and precious metal anomalism. Re-interpretation of high-resolution aero-magnetics has further enhanced this area.

* The above progress is in line with Pilbara's stated objectives to develop the surface resources at Teutonic Bore and to discover further economic base and precious metal mineralisation within Pilbara's project area.


QCT Resources Limited (31 May 2000)

Delays brought about by deteriorating roof conditions during longwall support recovery will affect production at South Blackwater's Kenmare underground mine until the end of July. This will reduce production by 200,000 tonnes in the current financial year. South Blackwater's results for the second half will be further affected by the recent delays and are expected to be comparable with the first half.

On the basis of a successful recommencement of longwall production in August, budgeted production from South Blackwater in the 2000/01 financial year will be reduced to 5.5 million tonnes as a result of the delayed longwall relocation.


Southern Cross Exploration NL (31 May 2000)

Southern Cross Exploration has signed a Memorandum of Understanding in respect of Water Treatment Technology for which provisional patents are pending.

Southern Cross will conduct a due diligence study in order to establish that the technology is viable and also specifically suitable to exploration and/or mining activities.

The technology uses products from extractive industry and it would appear to suit the existing and future exploration activities of the company.


Stirling Resources NL (31 May 2000)

Participating Organisations are advised that the consolidation of capital of Stirling Resources NL will become effective from the commencement of trading on Tuesday 30 May 2000.

The Company's securities are presently suspended from official quotation.

The reconstruction is by way of consolidating every 2.5 fully paid ordinary shares into one fully paid ordinary share.


Straits Resources Limited (31 May 2000)

ANNUAL SALES REVENUES RISE 23% TO A$96.7M FOLLOWING RECORD COAL AND COPPER PRODUCTION FOR 1999

At the Company's Annual General Meeting held in Sydney today, the Directors of Straits Resources Limited (ASX: SRL) forecasted a "brighter future" for the Company despite recording a loss of A$13.1m for the year ended December 31, 1999. The prediction followed record sales revenue of A$96.7 million, an increase of over 23% from the previous year.


Triton Corporation Limited (31 May 2000)

Australian biometric technology leader, Triton Secure has signed a further three marketing representation agreements, further expanding its reach into government and business.

The three agreements were signed with Dragoncloud, a Sydney-based internet consulting firm; AusAccess, a Canberra-based consulting firm specialising in government, issues management and strategic positioning; and Law Enforcement Solutions International (LES), a specialist security and information technology consulting organization for law enforcement agencies.


Xenolith Gold Limited (31 May 2000)

The following information was today released to the North American market with respect to the above project in which Xenolith has an indirect interest via its equity in Kookaburra Resources Ltd and KOB Energy Inc;

EAST LOST HILLS, CALIFORNIA

* The Berkley East Lost Hills #1 well was perforated Sunday May 28, 2000 at approximately 06:30h PDT.

* The well was flowed on clean-up during the day at highly restricted rates. Gas rates increased steadily during this period from four mmcfpd to in excess of 12 mmcfpd. Condensate rates also increased during this period to over 1,000 bpd.

* The flowing wellhead pressure was maintained above 11,500 psi throughout the clean-up period.

* The well was shut in during the early morning May 29, 2000. Down hole pressure recorders will be run and an extended multi-point production test is scheduled to commence Wednesday May 31, and is expected to last three to four days. On completion of the main flow test the well will be shut in for approximately 10 days for build up.

Tuesday 30th May 2000 (Close of Business)
All Ords 3010.8
+14.8
 
Dow Jones 10,527.13
+227.89
ASX200 3050.6 +15.5 S&P 500 1422.45 +14.43
All Resources 1209.0
+8.0
Nasdaq 3459.48
+254.37
All Mining 612.2
-0.7
Gold - spot/oz US$272.10
+0.80
All Gold 663.4
+2.6
Silver - spot/oz US$4.89
-0.02
Energy 1372.4
+14.8
Platinum - spot US$566.00
+6.00
All Industrials 5274.5
+24.3
Bridge CRB Index 223.39
-1.58
FTSE 100 6359.60 +142.7 Crude Oil (NYMEX) US$30.35 +0.35
Nikkei 16,228.90 -16.54 Copper (LME $US/tonne) US$1745.0 -30.0
Hang Seng 13,990.90 +15.83 Lead (LME $US/tonne) US$427.5 -3.5
A$ = US57.1c
-0.1
Zinc (LME $US/tonne) US$1123.5
-17.5
A$ = 61.52yen
+0.34
Nickel (LME $US/tonne) US$9,145.0
-325.0
A$ = 0.621Euro
+.007
Aluminium (LME $US/t) US$1437.0
-19.0
US 30-Year Bond 6.086% +0.34 Tin (LME $US/tonne) US$5330.0
-5.0
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price


Allied Mining and Processing Limited (30 May 2000)

Troika Securities decreased its relevant interest in Allied Mining & Processing Limited on 29/05/2000, from 4,662,683 ordinary shares (11.62%) to 2,005,540 ordinary shares (5.0%).


Allied Mining and Processing Limited (30 May 2000)

We wish to inform you of the following recent developments:

* The directors of the Company have appointed Mr Michael D Perrott as Chairman of Allied Mining & Processing Ltd. Mr Perrott replaces Sir William Keys who died on 3rd May 2000.

Michael Perrott is also a Director of a number of public companies and the Boards of West Coast Eagles and Notre Dame University.

* Our Managing Director, Mr Mohamed El-Ansary has advised us that his company El Aura Pty Ltd has purchased further shares in the Company, increasing El Aura's shareholding to 3,340,529 shares representing 7.52% of the Company's issued capital. This makes Mr El-Ansary's company the major shareholder on the register. Mr Michael Dillon who is also a director of the Company increased his shareholding in the Company.

* We are also pleased to inform you that the primary crusher, secondary crusher, mill, cyclones and Wren thickener modules of the Company's mobile plant have been moved to Ravensthorpe where they will be utilised in the processing of Tectonics' RAV8 nickel deposit. As a result, Rothschild released to the Company a total of $214,000, which is the balance of the R&D Contract Sum held by Macquarie Bank together with all interest accrued.

* The Company is putting in place a number of measures, which will ensure an early return from its recently acquired interests in IT projects. This together with the revenue received from the leasing of the mobile plant and from the activities of Allied Medical should provide good earnings for the company during the coming Financial Year.


Allstate Explorations NL (30 May 2000)

Mr Hugh Anthony Robinson has been appointed to act as Alternate Director for Mr Anthony Noy Frankham for the period 28 May to 02 July 2000.


Australian Mineral Processors Limited (30 May 2000)

PRIVATE PLACEMENT.

AMPL has concluded a private placement of 36 million ordinary shares in the Company to a high profile European portfolio management group and associates of a private bank, at an issue price of four (4) cents per share totalling A$1,440,000. The shares will rank equally with the existing listed ordinary shares. This issue will provide liquidity in the shares after listing is concluded on the Frankfurt Exchange. A fee of 4% (A$57,600) is payable on the placement.

BOARD APPOINTMENT.

Mr Hans-Rudolf Moser of Investa AG has joined the board of AMPL as an independent director. Mr Moser is a Swiss fund manager responsible for putting European Investors into a number of Australian technology companies and is a director of a number of these companies. In his capacity as a director of AMPL he will be assisting with the ongoing promotion of the company throughout Europe.

FRANKFURT EXCHANGE LISTING.

Messrs Barwick and Adams also met with Mr Marcel Ewald the company's representative in Switzerland assisting with the listing of AMPL securities on the Third Segment of the Frankfurt Stock Exchange. AMPL has been advised that listing should occur in early June 2000.

MANAGING DIRECTOR.

The directors are comfortable that the original remuneration package for the company's Managing Director was appropriate and relative to remuneration packages elsewhere for the performance expected from equivalent positions. However Mr Adams's has now decided to reconfirm to shareholders his confidence in the future of "things to do" and the other assets of the company by agreeing to reduce his first year remuneration package, by $60,000.

The board advise that as a result of the above, the company is now in a position to expedite the roll out of the recently acquired thingstodo Pty Ltd business to take advantage of the considerable revenue expected to be generated from the holding of the Sydney Olympic games later in the year. The increase in cash reserves now available is also expected to assist in advancing the other revenue streams of the company.


Beach Petroleum NL (30 May 2000)

Beach Petroleum advises that 15,000,000 options in the Company for ordinary shares have been issued to Macquarie Capital Equity Markets Limited under the Underwriting Agreement between Beach Petroleum and MECM dated 21 March 2000.

As disclosed in the Prospectus dated 21 March 2000 and lodged with the Australian Securities and Investments Commission, the options have been issued at 6 cents per option and are exercisable until 5 May 2003.


Compass Resources NL (30 May 2000)

We advise that all resolutions in our Notice of Meeting were put to the meeting and were passed by shareholders, including Special Business - item 4 relating to the placement of shares under the terms of an Underwriting Agreement.


Conquest Mining NL (30 May 2000)

Notice is given that a general meeting of shareholders of Conquest Mining will be held at Suite 4, 213 Balcatta Road, Balcatta, Western Australia at 9.00am (Perth Time) on Monday, 26 June 2000.


Cambrian Resources Limited (30 May 2000)

Cambrian Resources has entered into an agreement for the underwriting of the exercise of 8,933,257 options exercisable at 10.6 cents each which are due to expire at 5 pm (Perth time) on Wednesday, 31 May 2000.


Dioro Exploration NL (30 May 2000)

Dioro Exploration advise that at the reconvened meeting of shareholder held today, the resolution to dispose of the Company's 49% interest in the East Mungari Gold project lapsed.

This resulted from the inability for Dioro to obtain a waiver from Mines and Resources Australia Pty Ltd, pursuant to the existing joint venture agreement between the two companies.


Eagle Bay Resources NL (30 May 2000)

NORTHRIGHT OIL PROSPECT, GIPPSLAND BASIN, OFFSHORE VICTORIA (VIC P-41) (EAGLE BAY RESOURCES 100%)

The Board of Directors wish to advise that the Company is planning to drill its Northright Oil Prospect in September 2000.

The proposed well is located within a granted shallow water permit measuring 2364sqkm, in one of Australia's major producing petroleum basins. The permit contains the oil structure "Northright" which has an aerial extent of some 30sqkm. The nearest oil and gas field is Sole, l5km to the south. The Sole field is full to spill point, immediately down dip from Northright. A 189km seismic survey over Northright has been completed, its interpretation by a number of independent groups has confirmed a major fault bound structure which could hold up to 100 million barrels of recoverable oil.


Emporer Mines Limited (30 May 2000)

Emperor Mines is pleased to announce an update of the resources at its Tuvatu exploration lease.

The result of the review exceeded our expectations, returning a total Mineral Resource of:

Total Mineral Resource of 1.8 million tonnes @ 9.2 g/t Au (545,000 contained ounces)

composed of 1.1 million tonnes @ 8.4 g/t Au classified as Indicated Resource with the remaining 0.7 million tonnes @ 10 g/t Au in the Inferred Resource category, above a cut-off of 3 g/t Au. The Mineral Resource is classified and reported in accordance with the JORC code of practice. Mr Vigar is a member of the AusIMM and considered a competent person having 20 years of experience in this style of deposit.

T he Indicated Resource was converted to a Probable Ore Reserve of:

1.3 million tonnes @ 6.6 g/t Au (269,000 ounces)

using parameters reflecting a long-hole mining method. A gold price of US$280, 3 g/t Au cut-off and minimum width of 1.6m (fully diluted) for stopes, 2 g/t Au cut-off and dimensions of 3 x 2.8m (fully diluted) for development drives.


Glengarry Resources NL (30 May 2000)

Sale of Forfeited Shares -

Level 2, Conference Room Exchange Plaza, 2 The Esplanade, Perth Tuesday 30 May 2000 at 9:30am

Public Auction of ordinary shares due to non-payment of calls on 1,470,008 partly paid shares due and payable on 14 April 2000. The shares will be auctioned as fully paid up ordinary shares. No reserve price has been set.


Gold Partners Limited (30 May 2000)

TRADING HALT

The securities of Gold Partners will be placed in pre-open pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Thursday 1 June 2000 or when the announcement is released to the market.


Gold Partners Limited (30 May 2000)

Gold Partners advise that the Heads of Agreement dated 20 February 2000 relating to the proposed acquisition of Hypertrade.com Pty Ltd, has been further extended to Wednesday 31 May 2000.


Gunson Resources (30 May 2000)

Following the announcement by WMC last week of encouraging drilling results from nickel-copper targets in the West Musgrave area of Western Australia, a study of the regional geological controls on this mineralisation has been made.
As a result of the Company's study and the examination of old exploration data, application has been made for five contiguous exploration licences approximately 400 kilometres south of the West Musgrave area. These exploration licences cover an area of approximately 850 square kilometres and straddle a major northerly trending discontinuity evident in continental geophysical data. This discontinuity runs from the north coast to the south coast of Australia and passes close to the Argyle diamond mine and the West Musgrave area.

Data in the area the Company has applied for indicates the presence at shallow depths of less than 100 metres of favourable mafic to ultramafic intrusive rocks which can be tested for nickel sulphide mineralisation with relatively shallow drilling. These rocks appear to occur within a basement high between the Officer sedimentary basin to the north and the Eucla sedimentary basin to the south.


Gympie Gold Limited (30 May 2000)

Gympie Gold has announced that a previously unrecognised orebody has been found and drilled in its Monkland Mine at Gympie in southeast Queensland.

The orebody is located adjacent to the new rail heading on Level 12, at 550 metres depth and only 370 metres northwest of the recently expanded No 2 production shaft.

It has been named the Scottish Gympie Stockwork A because of a strong resemblance to the Stockworks mined historically from the Bas Lewis shaft which produced over 1 million tonnes at 12.1 g/t gold (390,000 ounces) using bulk mining methods. These "stockwork" orebodies are large dimension gold ore zones amenable to mechanised bulk mining. Dimensions of 80 metres long, 100 metres high and 50 metres wide are not unusual for this ore type.


Hallmark Gold NL (30 May 2000)

Notice is hereby given that a general meeting of members of Hallmark Gold will be held at Royal Kings Park Tennis Club, Kings Park Road, West Perth, Western Australia on 30 June 2000 at 9.30am.


Henry Walker Eltin Group Limited (30 May 2000)

Henry Walker Eltin reports that an employee has died following a vehicle roll-over at the Orebody 25 iron ore mine in Western Australia yesterday afternoon. Henry Walker Eltin conducts mining operations at the mine for BHP Iron Ore.


Icon Oil NL (30 May 2000)

The Annual General Meeting of the company was held today and the results of the Ordinary Resolutions put to members entitled to vote are as follows:-

1. Reports and Accounts-Passed unanimously.
2.1 Re-election director Mr. David H. Heron- Passed by a majority greater than 75%.
2.2 Re-election director Mr. Corbett McKay-passed by majority.

For further information, click here


Indian Mining Corporaton NL (30 May 2000)

In accordance with ASX Listing Rule 3.13.2, we advise that all resolutions put at the Company's Annual General Meeting this morning were passed.


Kimberley Diamond Company NL (30 May 2000)

New Issue Announcement -


Lakes Oil NL (30 May 2000)

Lakes Oil N.L. ("Lakes") wishes to announce that as a 6 am this morning, Tuesday 30th May 2000, the North Seaspray-3 well was at a depth of 187 metres and running 244 mm surface casing.

For further information, click here


Lakes Oil NL (30 May 2000)

Lakes Oil wish to announce that the North Seaspray-3 well spudded at 1600 hours on 28th May 2000 and, as at 6 am on the 29th May 2000, the well was drilling 311mm hole at a depth of 175 metres.

For further information, click here


Mincor Resources NL (30 May 2000)

We advise that due to the political situation in Fiji Mincor has postponed the drilling programme that was due to start at Banana Creek today.

All drill preparations are complete and, pending a favourable resolution to the political crisis, the programme is capable of immediate activation. Mincor will continue to monitor events in Fiji and will make a further announcement within the next ten days.


Novus Petroleum Limited (30 May 2000)

N M Rothschild Australia Holdings Pty Limited became a substantial shareholder in Novus Petroleum on 22/05/2000 with a relevant interest in the issued share capital as follows:

CLASS OF NUMBER OF PERSON'S VOTING
SECURITIES SECURITIES VOTES POWER

Ordinary Shares 8,021,575 159,485,862 5.03%


Nido Petroleum Limited (30 May 2000)

Nido Petroleum has provided a status report on Philippine and Chinese operations it is involved in.

CHINA - ZHONGYUAN REHABILITATION PROJECT

Work on the first sidetrack well, CH12-14, has been successful. It is now producing 15 - 20 Barrels of oil per day, with a water cut of 55%. When first drilled, logs identified oil bearing sands, as expected, but when put on production, the well produced 99% water at high rates, contrary to log interpretation and the position of the well in the structure. A temperature log was run to identify the source of water and a bridge plug was then set to isolate the thin sand producing the water. The current oil production rate is lower than pre-drilling forecasts but has confirmed the oil potential in this part of the field and opportunities to stimulate production and improve sweep efficiency have yet to be carried out.

It is likely at this stage that the CH12-14's production performance will be monitored for some time before the higher S3M9/10 sands are tested. The oil potential from the S3M9/10 sands was identified with the original logs and was an upside not expected when drilling the sidetrack. Confirmation of oil in these sands is likely to open up additional potential in this part of the field.

The second well, the C7-43 sidetrack has been completed. Logs identified oil in a number of different sands. It was decided to perforate a poor quality sand in one of the lower sections, the S3M10m, as a test of its production capacity as well as a means of effectively draining this particular sand. The well has been producing about 20 Barrels of oil per day with a 82% water cut, which is quite encouraging.

The third well, H12-155,has just been drilled to a total depth of 2780m and is being logged. The well is intended as a long term injection well, but it may have some immediate production potential.

During May to date, 9 small workovers have been completed. These workovers include polymer injection to control water injection and reperforations to increase productivity.

As a result of the new wells, workovers and repair of several other wells, field production has increased steadily and over the past few days has been more than 350 Barrels of oil per day or 45% higher than when Nido's incremental oil production began on 22 April.

Discussions are proceeding with several parties to fund the ongoing project.

The Zhongyuan Redevelopment Project is a joint venture project between Nido (40%) and its USA partner, the Monde Group (60%), and the Zhongyuan Petroleum Exploration Bureau.

PHILIPPINES - GSEC 84, FUGA ISLAND-1

As at 0600 hours on 26th May 2000, the Fuga Island-1 well was at a depth of 1089 metres and drilling ahead in 12(1/4)" hole. In Fuga Island-1's drilling to date, 13(3/8)" (340mm) casing has been set at 552 metres, and wireline logs have been run over the 17(1/2)" hole section.

The well has drilled a sequence of interbedded claystone, siltstone, and sandstone with some calcarenite (limestone) stringers. A number of small gas shows were observed between 306 and 885 metres, which were generally associated with thin sandstone intervals. An initial review of the wireline logs suggests that the gas shows have no commercial significance.

The well has a proposed total depth of 2200 metres which is anticipated to take another 19 days to reach.

Nido Petroleum is being fully carried through drilling, evaluation and testing of the well for a 2.5% interest.

PHILIPPINES - SERVICE CONTRACT (SC) 14

The Operator, Alcorn has advised that a deal has been negotiated with Caltex to lift crude oil production from the Nido platform complex. Liftings have already commenced.

This will have a positive impact on the operation's cashflow. Over the past 12 months the Matinloc field has produced consistently, but Nido field production has been minimal because of logistics and marketing constraints.

Nido has a 17.5% interest in SC 14.


Norwest Energy NL (30 May 2000)

Norwest Energy announces that as at 6.00am (CST) Monday, 29th May, Puffin-5 was at 2003 metres and setting 9(5/8)" casing prior to drilling ahead.

Puffin-5 will test the Puffin-1 Updip Prospect which has P50 potential recoverable reserves of 75 million barrels. The well is 1.1 kms northwest and updip of Puffin-1 which intersected a 2 metre oil column in the Lower Kla Sand in 1973. Puffin 1 recovered about 20 litres of oil from a wireline testing tool while Puffin 2 drilled in 1974 on a drillstem test flowed 4608 Barrels of oil per day.


Oil Search Limited (30 May 2000)

Genesis Asset Managers Ltd ceased to be a substantial shareholder in Oil Search on 24/05/2000.


Otter Gold Mines Limited (30 May 2000)

The Company advises that Mr Michael Webb has been appointed to act as Alternate Director for Mr Anthony Frankham for the period 28 May to 02 July 2000.


Pacmin Mining Corporation Limited (30 May 2000)

Pacmin Mining are continuing their on-market share buy-back programme.


Ranger Minerals Limited (30 May 2000)

Ranger Minerals are continuing their on-market share buy-back programme.


Ross Mining NL (30 May 2000)

Ross Mining will be removed from the official list of Australian Stock Exchange Limited as from the close of trading, Monday 29 May 2000, following compulsory acquisition by Delta Gold Limited under its takeover offer.


Stirling Resources NL (30 May 2000)

The directors of Stirling Resources NL are pleased to advise the 14 resolutions considered at today's general meeting were all passed on a show of hands. Proxies held in respect to the resolutions were in excess of 90% in favour of each resolution.

Effective as of the conclusion of the meeting the new board of the Company includes the following:

Charles MacKinnon - Executive Chairman
Vaz Hovanessian - Executive Director
Danny Fisher - Executive Director
Mike Kimberley - Non Executive Director

The new board wishes to thank Mr John Rodger, retiring Director, for his services and wishes him well in his future endeavours.


Tap Oil NL (30 May 2000)

Tap Oil advises that the Prometheus-1 exploration well spudded at 20.00 hours on Sunday 28 May 2000.

LOCATION

The well is located in WA-278-P, approximately 400 kilometres West of Darwin in the Timor Sea at latitude 12deg50'21.03" South and 126deg22'07.83" East.

PROGRESS

As at 06.00 hours on Monday 29 May 2000, the well has drilled ahead to 141 metres and will continue to drill ahead to the planned total depth of 2,227 metres measured depth. Estimated drilling time is 15 days.

TAP COMMENT

The Prometheus prospect is a fault bounded structure with vertical relief interpreted to be approximately 110 metres at the near top Permian level. The well is targeting sandstone reservoirs at the Upper and Lower Permian levels.

It is interpreted that the well could have the potential to contain 50 mmbls (mean volume) of oil if successful.

This well will be immediately followed by the Intrepid-1 well in the adjacent block in which Tap also has a 12% interest.


Tap Oil NL (30 May 2000)

Colonial Limited became a substantial shareholder in Tap Oil NL on 24/05/2000 with a relevant interest in the issued share capital of 7,702,412 fully paid ordinary shares (5.86%).


Western Metals Limited (30 May 2000)

Colonial Limited decreased its relevant interest in Western Metals on 24/05/2000, from 37,313,070 ordinary shares (11.34%) to 33,352,882 ordinary shares (10.14%)*.


WMC Limited (30 May 2000)

Following the announcement by WMC last week of encouraging drilling results from nickel-copper targets in the West Musgrave area of Western Australia, a study of the regional geological controls on this mineralisation has been made.

As a result of the study and the examination of old exploration data, application has been made for five contiguous exploration licences approximately 400 kilometres south of the West Musgrave area. These exploration licences cover an area of approximately 850 square kilometres and straddle a major northerly trending discontinuity evident in continental geophysical data. This discontinuity runs from the north coast to the south coast of Australia and passes close to the Argyle diamond mine and the West Musgrave area.


Woodside Petroleum Limited (30 May 2000)

Woodside Petroleum has approved expenditure of A$54.6 million to progress the development of the oil discoveries in Permit WA-271-P (Woodside equity 100%). This follows the completion of screening studies which have demonstrated that a stand-alone field development of Enfield is likely to he commercially viable.

An appraisal well is planned for Enfield in Q3 2000 which will assist in optimising development planning for the field. Production testing of this well will be undertaken to confirm the connectivity of the reservoir.

Monday 29th May 2000 (Close of Business)
All Ords 2996.0
+31.7
 
Dow Jones 10,299.24
closed
ASX200 3035.1 +34.4 S&P 500 1378.02 closed
All Resources 1201.0
-1.5
Nasdaq 3205.11
closed
All Mining 612.9
-4.1
Gold - spot/oz US$271.30
closed
All Gold 660.8
-2.8
Silver - spot/oz US$4.91
closed
Energy 1357.6
+10.5
Platinum - spot US$560.00
closed
All Industrials 5250.2
+66.5
Bridge CRB Index 225.00
closed
FTSE 100 6216.90 closed Crude Oil (NYMEX) US$30.00 closed
Nikkei 16,245.44 +237.30 Copper (LME $US/tonne) US$1793.0 closed
Hang Seng 13,975.07 +252.37 Lead (LME $US/tonne) US$434.0 closed
A$ = US57.2c
closed
Zinc (LME $US/tonne) US$1153.5
closed
A$ = 61.18yen
closed
Nickel (LME $US/tonne) US$10,265.0
closed
A$ = 0.614Euro
closed
Aluminium (LME $US/t) US$1467.5
closed
US 30-Year Bond 6.052% closed Tin (LME $US/tonne) US$5370.0
closed
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price


Allegiance Mining (27 May 2000)

At the Annual General Meeting held on 26 May 2000, all ordinary resolutions were passed.


Anaconda Nickel / Minproc (27 May 2000)

Anaconda and Minproc have entered into a multi-stage agreement which provides for Minproc to debottleneck and expand sections of the existing Murrin Murrin Stage I Development. In addition Minproc have been engaged on a similar basis for the Stage II Rolling Expansion, including the design and construction of an additional autoclave circuit.


Ashton Mining (27 May 2000)

Ashton advised that diamond mining operations have been temporarily suspended at the Cuango Project in northeastern Angola. Sociedade de Desenvolvimento Mineiro de Angola SARL (SDM - Ashton 33.3%), the owner and operator of the project, informed Ashton that Angola's military command instructed the company several days ago to carry out a precautionary withdrawal of some personnel due to increased risk of military activities. Some operational and all security forces remained on site. There have been no incidents at the mine site.

Ashton also continued its share buy-back program.


Australian Sandstone Industries (27 May 2000)

At the Annual General Meeting Mr Lui De Hui, on behalf of Green Mountain Holdings Pty Ltd in response to questions from shareholders confirmed GMH's continuing support for the Company's existing operations and outlined broad plans to expand production. He also advised that GMH would welcome the Company's consideration of property and technology related investments which may add value to the Company.


Beach Petroleum (27 May 2000)

Allotment of Shares -

Pursuant to the company's Prospectus dated 21 March 2000, an allotment of Ordinary Shares has been made - 88,967,133 Ordinary Shares have been allotted and will be updated into the relevant uncertificated accounts on 26 May, 2000.
Following the allotment of these securities, the total issued capital of the Company is as follows:

Number of Ordinary Shares 772,768,902

Further allotments will be made in accordance with the Underwriting Agreement.


BHP (27 May 2000)

BHP announced the sale of its US West Coast steel businesses for US$234 million to IMSA Acero, a wholly owned subsidiary of Grupo IMSA SA. The West Coast businesses comprise Coated Steel Corporation USA (CSC) and Steel Building Products USA (SBP).
The sale consideration for the West Coast businesses also includes a positive working capital adjustment to be determined at closing of the sale and includes an earn-out mechanism which will be based on the future performance of the business. As the consideration is less than the carrying value of the assets, BHP will recognise a loss on the sale of approximately US$135 million. The sale is subject to regulatory approvals.


Cambrian Resources (27 May 2000)

A general meeting of Cambrian will be held on Wednesday, 28 June 2000 at 11.00am at Rydges Perth (King Street Room), corner of Hay Street and King Street, Perth, Western Australia 6000.

AGENDA
RESOLUTION 1 - ACQUISITION OF NVS PTY LTD
RESOLUTION 2 - CHANGE OF NAME
To consider, and if thought fit, to pass the following resolution as a special resolution:
"That in accordance with section 157 of the Corporations Law the name of the Company be changed to ServicePoint Limited."
RESOLUTION 3 - RATIFICATION OF ISSUE OF OPTIONS


Cambridge Consolidated (27 May 2000)

All resolutions were passed at the general meeting of members of Cambridge held on 26 May. The Company will no longer be focused on the search for diamonds, but on the international scene of fibre optics and telecommunications. No longer will the Company be known as Cambridge Gulf or Cambridge Consolidated, but as Cable & Telecoms Limited.


Cobra Resources (27 May 2000)

Cobra Resources NL changed its status to a company limited by shares on 13 May 2000. The name of the Company is now Cobra Resources Limited. For market purposes the name change was effective from Wednesday 24 May 2000. The Company's ASX code will remain as CBO.


Deepgreen Minerals / Indian Mining Corp (27 May 2000)

Deepgreen advised that it has accepted a conditional offer to acquire 174,500 shares or 12.5% of the common stock of IP Services Inc.
IP Services owns and operates a telephone network in Colorado and has established a second network in Maryland. It is negotiating with a number of parties to extend the network in other US states.
Consideration for the acquisition will be US$400,000. It is conditional on Indian Mining raising a minimum of $2.3 million from a rights issue and entering into an underwriting agreement with Deepgreen Minerals to ensure Deepgreen Minerals receives 5 million preference shares in the proposed issue or in a subsequent placement.


Dome Resources / DRD (27 May 2000)

DRD announced that at the close of its takeover bid for Dome on 26 May 2000, DRD and its associates had relevant interests in approximately 97.18% of the Dome shares.
DRD intends to acquire the outstanding Dome shares compulsorily in accordance with section 701 of the Corporations Law and, in due course to apply to remove Dome from the Official List.


Gold and Resource Developments (27 May 2000)

All resolutions put to its Annual General Meeting held yesterday were passed.

GRD continues to evolve. 1999 represented our first full year as an operating company. The amalgamation with Macraes Mining Company was completed late 1998. Our financial performance was highlighted by net operating profit this year of $14.2M on $72.3M of revenue. A 22% return on equity was achieved by GRD for the full year.
With the merger between GRD and Minproc complete (as at April 3, 2000) and the expansion of our gold business, our profits are expected to grow in excess of $25M on revenues of approximately $140M. Our forecast return on equity should also increase to in excess of 30%. A significant improvement, and growth.

The April performance highlights GRD's evolving business model. Revenue was $16.0M ($10.0M gold, $6.0M Minproc/Kirfield) and we generated $2.6M EBIT. This was the first full month of the merger, and demonstrates the increasing breadth of income sources.

GRD is presently defined by three business units:


Kalrez Energy (27 May 2000)

Following the lodgement of a prospectus by Kalrez Energy NL in April 2000, inviting shareholders to subscribe for approximately 206,071,913 shares at an issue price of 3.75 cents per share, plus a free attaching June 30 2003 option, the Company advised that the offer to shareholders closed with applications received for 24.31% of the available shares, raising $1,878,687.
In the ensuing three months, the Directors are entitled to place the shortfall to raise additional funds.


Macmin (27 May 2000)

NOTICE OF GENERAL MEETING

Notice is hereby given that a meeting of Shareholders of MACMIN N.L. will be held at the "Skylight Room", of the Gold Coast Arts Centre, 135 Bundall Road, Surfers Paradise, Queensland on Tuesday, 27 June 2000 at 2.00pm for the purpose of considering, and if thought fit passing the following resolutions:-

1. Approval for Change of Company Type and Name

2. Adoption of Amendments to the Constitution
3. Approval for the Issue of Shares to Related Parties
4. Approval for the Issue of Options to Related Parties (Directors)
5. Approval for Proposed Issue of Shares to Peakhill Pty Ltd ......

For details, click here


Metals Exploration (27 May 2000)

The Company's name has changed from Metals Exploration Limited to Harbour Capital Limited.

The company also announced a prospectus for the renounceable issue of one Ordinary Share at an issue price of A$0.60 per New Share for each 10 Ordinary Shares held in the capital of the Company on 23 May 2000.
Shareholders who acquire New Shares pursuant to the Rights Issue will be able to participate in the recently announced 1 for 10 bonus issue in July 2000 in respect of both their current shareholdings and the New Shares acquired under the Rights Issue.


Michelago Limited (27 May 2000)

The Directors of Michelago are pleased to announce the appointment of Mr Brian Currie as Managing Director of the Company.
Mr Currie joined the Board of Michelago as a non-executive director on 16 March 2000 and brings to the Company a wealth of experience in management of technology and manufacturing oriented companies. Until recently, he was Managing Director of the Australian and New Zealand subsidiary of Tektronix, a Nasdaq listed company.
As a result of the Company's focus on its technology investments, Mr R N (Sam) Lees, the founding Managing Director, has elected to retire from the position of Managing Director, and from the Board.


MIM Holdings (27 May 2000)

MIM advised that a miner, Mr Michael Morris, was fatally injured by a fall of ground in development at the Oaky Creek No 1 underground mine in Central Queensland yesterday.
Mr Morris, and a colleague Mr Stewart Euston, were part of a crew working on a continuous mining machine in a development heading when the fall of ground occurred at approximately 4am.


Mosaic Oil (27 May 2000)

TESTING PROGRAM (QLD)-TINKER 1, LARK 1, FAIRYMOUNT 8 (MOSAIC 100%)
Mosaic's testing program continues.
Lark 1 last produced in 1998 is on controlled flow at 300,000 cubic ft/day from a 2 meter interval. Plans are now being made to perforate 8 meters of upper section which have never been tested.
Tinker 1 (last produced in 1994) has on controlled flow at 1,300,000 cubic ft/day for the week and is now being shut-in for downhole testing to determine reserves.
Some delays in the programme are expected this week due to rain.


Norwest Energy (27 May 2000)

At 0600 central standard time yesterday Puffin-5 was at a depth of 1,780 metres and drilling ahead.
Puffin-5 will test the Puffin-1 updip Prospect which has P50 potential recoverable reserves of 75 million barrels. The well is 1.1 kms northwest and updip of Puffin-1 which intersected a 2 metre oil column in the Lower K1a Sand in 1973. Puffin-1 recovered about 20 litres of oil from a wireline testing tool while Puffin-2, drilled in 1974, on a drill stem test flowed 4,608 barrels oil per day.


Oil Search Limited (27 May 2000)

Portfolio Partners Limited increased its relevant interest in Oil Search Limited on 25/05/2000, from 40,558,687 ordinary shares (7.71%) to 45,895,057 ordinary shares (8.73%).


Pacmin Mining (27 May 2000)

Pacmin continued its share buy-back program.


Pancontinental Oil & Gas (27 May 2000)

The Philippines National Oil Company (PNOC), as operator of the Aparri Basin GSec 84 Joint Venture has advised that at 6.00am, 26 May 2000, (Philippines time) 18 days after spudding, the Fuga 1 exploration well has reached a depth of 3,574 feet (1,089.4 metres). The well is drilling ahead in a 12(1/4)" hole.
The well is drilling Late Miocene sediments and has not reached the objective section.
Fuga 1 has a proposed total depth of 2,200 metres and is anticipated to take 34 days after spud to reach that depth.


Phoenix Mining Limited (27 May 2000)

Phoenix has sold the 22,000 ounce oxide resource at Maud Creek to AngloGold for $1.175 million.


Pilbara Mines (27 May 2000)

Pilbara announced the approval to commence an air core exploration drilling programme on Pilbara's tenements to the south of the Teutonic Bore mine, in an area of highly prospective but poorly tested host stratigraphy.
Previous exploration in the area has shown base and precious metal anomalism and the proposed exploration programme will further test these zones with deeper and more widespread drilling. Drilling is due to commence in June 2000, having been delayed by unseasonal wet weather in the north eastern Goldfields region of WA.


Red Back Mining (27 May 2000)

Exercise of Options - 2 million options were exercised at 20 cents each to raise A$400,000.


Roc Oil (27 May 2000)

KYLE WELL COMES ON AT 19,000 BOPD; KEDDINGTON-2 INTERSECTS TOP RESERVOIR AND SALTFLEETBY CONTINUES TO OUTPERFORM PROSPECTUS FORECAST

1. OIL PRODUCTION STARTS AT THE KYLE OIL FIELD, UK NORTH SEA (ROC: 12.5%)
On 24 May 2000 an Extended Well Test ("EWT") commenced at the 29/2c-12z well in the Kyle Oil Field in the UK North Sea. A stabilised rate of 19,000 barrels of oil per day (BOPD) was achieved prior to the well being choked back to 13,000 BOPD in accordance with the production testing schedule. Production from the well is through the Petrojarl-1 Floating Production Storage and Offloading facility (FPSO) which has a well established North Sea production and operational track record. The EWT is scheduled to last approximately 130 days during which time approximately 1.7 million barrels of oil is expected to be produced. The results of the EWT will be taken into account by the Kyle Joint Venture as it actively considers the drilling of a further appraisal well during the northern summer so as to enable a commitment to be made to a life-of-field development. In this context various full field development options are being reviewed including stand alone development schemes and a tie-back to existing infrastructure in the area (Attachment 1).

2. KEDDINGTON-2 REACHES RESERVOIR TARGET (ROC: 100%)
Keddington-2, the first appraisal well on the Keddington Oil Field, has encountered the top of the reservoir objective approximately 5 metres high to prognosis. After encountering hydrocarbon shows at the top of the reservoir, 5(1/2)-inch casing was set to a depth of 2,389 metres. The reservoir section will be drilled 400 metres horizontally to a total drill depth of in the order of 2,700 metres.

3. SALTFLEETBY GAS FIELD CONTINUES TO OUTPERFORM PROSPECTUS EXPECTATIONS (ROC: 100%)
The Saltfleetby Gas Field continues to exceed Prospectus forecast, producing up to a maximum rate of 50 million standard cubic feet of gas per day.


Strategic Minerals Corp (27 May 2000)

At the AGM, Mr Bigeard was not re-elected as a director. All other resolutions were passed.


Tap Oil (27 May 2000)

Tap advised that the North Alkimos-1 exploration well spudded at 15.30 hours on 25 May 2000. The well is located in TL/6, 4 kilometres southwest of Harriet Alpha Platform at latitude 20deg36'37.63"S and longitude 115deg34'08.12"E. The well is expected to take 9 days to reach its projected total depth of 2,418 metres measured depth.
North Alkimos-1 is being drilled as a deviated well targeting the Lower Cretaceous Flag Sandstone in a four-way dip closed structure only 4 kilometres from existing production facilities.


West Oil (27 May 2000)

Timor Sea Update - West Oil reports that Nippon Oil announced yesterday that it's Crux-1 well in AC/P23 discovered a 280 metre gross hydrocarbon column. The well reached a total depth of 3,950 metres.
AC/P23 is adjacent and to the east of West Oil's 100% AC/P28 and to the south and east of West Oil's AC/P22 (Puffin) and AC/P26 permits.
On test the well flowed at 65.5 million cubic feet of gas per day and 1,921 barrels per day of 52 degree API condensate. The well is being plugged and abandoned and Nippon is assessing the commercial significance of the discovery.
Crux-1 was only the second well to be drilled on the PGS Onnia 3D seismic survey after Brontosaurus-1 (P&A'd dry hole). Puffin-5 is the third.

Inpex also reported that its 4,562 metre Dinichthys-1 well in WA-285-P flowed 22 million cubic feet of gas per day and 1,300 barrels per day of condensate through 40/64" choke. It was reported that operational constraints prevented higher flow. WA-285-P is in the Browse Basin approximately 100km to the south west of West Oil's AC/P28 permit.


WMC (27 May 2000)

WMC continued its share buy-back program.

Friday 26th May 2000 (Close of Business)
All Ords 2964.3
-15.5
 
Dow Jones 10,299.24
-24.68
ASX200 3000.7 -17.4 S&P 500 1378.02 -3.50
All Resources 1202.5
-20.6
Nasdaq 3205.11
-0.24
All Mining 617.0
-5.0
Gold - spot/oz US$271.30
+1.40
All Gold 663.6
-5.4
Silver - spot/oz US$4.91
+0.02
Energy 1347.1
-7.0
Platinum - spot US$560.00
+4.00
All Industrials 5183.7
-16.0
Bridge CRB Index 225.00
+0.47
FTSE 100 6216.90 -14.20 Crude Oil (NYMEX) US$30.00 -0.51
Nikkei 16,008.14 -239.68 Copper (LME $US/tonne) US$1793.0 unch
Hang Seng 13,722.70 -198.36 Lead (LME $US/tonne) US$434.0 +2.0
A$ = US57.2c
+0.3
Zinc (LME $US/tonne) US$1153.5
-4.5
A$ = 61.18yen
-0.04
Nickel (LME $US/tonne) US$10,265.0
-170.0
A$ = 0.614Euro
-0.009
Aluminium (LME $US/t) US$1467.5
+4.0
US 30-Year Bond 6.052% -0.045 Tin (LME $US/tonne) US$5370.0
-35.0
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price


Lakes Oil NL (26 May 2000)

Lakes Oil announce that, as at 6.00 am Eastern Standard Time, the rig to be used for the drilling of the North Seaspray-3 exploration well in PEP 137 is currently rigging up. It is anticipated that the well will commence late tonight or early tommorrow. For further information, click here


Acclaim Exploration NL / Acclaim Uranium NL (26 May 2000)

As at Monday 29 May 2000, Acclaim Exploration NL and Acclaim Uranium NL will be relocating to new premises. The new address and contact details are below. The PO Box address will remain the same along with all email addresses.

Address: 702 - 704 Murray Street, West Perth, Western Australia 6005
Phone: 61 8 9226 5811, Fax: 61 8 9226 5822


Allegiance Mining NL (26 May 2000)

The Company has made a placement of 17,298,520 shares and 5,766,179 options to raise $1,729,852.

Allegiance welcomes the Colonial First State Global Resources Fund as a shareholder. Global Resources Funds managed by First State total some $750,000,000 under management and is one of the world's largest Resource Fund Groups.

The Company has placed 17,298,520 fully paid ordinary shares and 5,766,179 attaching options exercisable at 20 cents on the same terms as the current listed options expiring 31 December 2003 to clients of Barton Capital Corporate Pty Ltd.

Applicants will be issued with one (1) option for every three (3) shares subscribed. The shares shall be entitled to participate in dividends (if any) and will rank pari passu with the existing shares on issue. Application will be made for Official Quotation of the shares and options on ASX.

The funds raised will be applied to:

1. continue the drilling programme on the Company's prospective Zeehan Nickel Project;
2. seek out new opportunities; and
3. meet the working capital requirements.

A placement fee of 5.5% of the funds raised will be paid to Barton Capital.


Australian Sandstone Industries Limited (26 May 2000)

NEW ISSUE ANNOUNCEMENT -


Australasian Gold Mines NL (26 May 2000)

Australasian Gold Mines NL have announced that WirelessNet Pty Ltd and Nokia Internet Communications Inc had signed agreements confirming WirelessNet's appointment as a Value Added Reseller (VAR) by Nokia Internet Communications Group, a subsidiary of the mobile telephone giant.

Australasian recently entered into a formal agreement with WirelessNet to acquire a 40% interest in the Company. WirelessNet is a WAP integrated solutions provider, which specialises in the sale, installation and integration of essential telecommunications infrastructure required for futuristic mobile communications systems.


Beach Petroleum NL (26 May 2000)

CANTERBURY-1 (ATP 548P SOUTHWEST QUEENSLAND): OPERATIONS UPDATE

Beach Petroleum reports that Canterbury-1 reached a total depth of 2,285 in (7,496 ft) at 10.00 pm on Tuesday, 23 May 2000, with the well encountering minor hydrocarbon shows during drilling. Wireline logs were subsequently recorded and evaluated confirming that no economic hydrocarbons are present. The well is currently being plugged and abandoned.

The rig will move to Taipan-1, which is located closer to the Inland Oil Field, and approximately 26 km to the southwest of Canterbury-1. The well is expected to spud on Tuesday 30 May. The Taipan structure is on the same structural trend as the Inland Field and very similar in structural style.


Contact Energy Limited (26 May 2000)

Contact Energy have implemented a share buy-back programme.


CityView Energy Corporation Limited (26 May 2000)

CityView Energy will broadcast the company's Annual General Meeting live on the Internet.

The required plug-in to view the webcast is Real Player, available from www.real.com. The AGM broadcast can be seen through logging on to CityView's website www.cityviewcorp.com at 9.00pm (USA Eastern Standard Time) Tuesday 30 May 2000. Questions can be e-mailed now via a link on Cityview's website. The questions will be collated and addressed at the meeting.


Dioro Exploration NL (26 May 2000)

PRELIMINARY INFERRED RESOURCE TO 130M DEPTH - 314,000 OUNCES - OPEN AT DEPTH AND ALONG STRIKE

Mines and Resources Australia Pty Ltd, as manager of the Mungari East joint venture between Dioro (49%) and Mines and Resources (51%), have completed an inferred polygonal resource estimate in relation to the Frog's Leg prospect within the joint venture tenements. The estimate is based upon all drilling data to the end of March, including diamond, reverse circulation and aircore drilling results. The purpose of this preliminary inferred resource estimate is to model the geological and mineralisation continuity and to evaluate the resource potential of the project.

The drilling information utilised for the purposes of the calculation covered a vertical depth of only 130 metres, over a strike extent of 750 metres. This has identified a potential 1,950,000 tonnes of ore grading 5g/t gold for an inferred resource of 314,000 ounces. Significant additional resource potential exists at depth and along strike, especially within 600 metres of untested lake covered ground along strike to the North West towards the Gilt-Edged Mining and Goldfields Limited mineralisation.

No high grade thresholds have been applied to this estimate.

The directors also wish to advise the more significant results received from a program of 8 diamond holes recently drilled at Frog's Leg.

This was a very limited diamond program, and was primarily conducted to gain a better understanding of the structural setting of mineralisation prior to calculating the preliminary inferred resource figure.


Dragon Mining NL (26 May 2000)

Dragon Mining commenced a major resource infill and extension reverse circulation drilling program at its Svartliden Gold Project in Sweden in April. Previously 49 diamond core holes have been drilled into the Svartliden mineralisation over a strike length of over 1,000m.


Empire Oil & Gas NL (26 May 2000)

Empire Oil & Gas has placed 10,000,000 shares with clients of D&D Tolhurst Ltd at 15 cents per share to raise a gross $1,500,000. Attached to the shares are 5,000,000 free options exercisable at 20 cents per share on or before 31 December 2002. The terms of the options are the same as those options issued in December 1999 to clients of D&D Tolhurst Ltd. The shares and options were allotted on 22 May 2000. The funds are to be used to assist the Company in meeting the planned year 2000 oil and gas exploration programme.

The Company also announced the resignation of its Chairman, Mr Keith Arnott. The Company would like to thank Mr Arnott for his services as Chairman.


Energy Resources of Australia Limited (26 May 2000)

The ERA Board of Directors have appointed Mr Michael Skinner Lindsay as Assistant Company Secretary of Energy Resources. Mr Lindsay replaces Mr Joseph Anthony Fontana in this position.


Federation Resources NL (26 May 2000)

Federation Resources reports that the first annual licence fee of A$250,000.00 has been paid to Pinnacle VRB Limited. The Licence with Pinnacle VRB Limited provides the right to exploit and utilise the Vanadium Redox Battery technology within the continent of Africa.


Glengarry Resources NL / Tanami Gold (26 May 2000)

Glengarry Resources announced that field work has commenced at the Larranganni Project in the Tanami Region of WA. This project is a Joint Venture between Glengarry and Tanami Gold NL (56% 44% respective equities). Both companies are contributing pro rata to expenditure with Glengarry being the manager and operator.


Highlands Pacific Limited (26 May 2000)

Dr Mosley Moramoro has been appointed as a non-executive Director of Highlands Pacific Limited effective 29th May 2000. For further information, click here


Iluka Resources Limited (26 May 2000)

Iluka Resources are continuing their on-market share buy back programme.


Imperial One International Limited (26 May 2000)

The Directors of the Company wish to inform shareholders that the Catcha.com Limited initial Public Offering has been delayed. The delay is due to extreme market volatility and worsening market sentiment, in particular, the 36% drop in the Nasdaq over the past two months.


Julia Mines Limited (26 May 2000)

At a meeting held in Sydney on 24th May between representatives of chartered accountants Haines Norton, solicitors Steingold Abel, Banque-Tec and Julia Mines, it was unanimously agreed that Banque-Tec had not been able to satisfy the normal requirements of due diligence within the period of 90 days allowed in the agreement. The completion of due diligence was one of the essential conditions precedent to Julia completing its investment.


Kingstream Steel Limited (26 May 2000)

Issue of Shares -


Lakes Oil NL (26 May 2000)

Lakes Oil NL announce that, as at 6.00 am Eastern Standard Time, the rig to be used for the drilling of the North Seaspray-3 exploration well in PEP 137 had arrived on site and that rigging up procedures were underway. It is now anticipated that the well will spud (commence) late Friday, May 26th.

For further information, click here


Lionore Australia (Nickel) Limited (26 May 2000)

New Issue Announcement -


Murray Basin Minerals NL (26 May 2000)

Murray Basin Minerals has announced that exploration drilling at the Amiens Strandline, north of Mindarie in South Australia, has identified a potentially significant extension to the strandline.

"Drilling of the Amiens Strandline's Line KD 359, six kilometres southeast of the previous drill line, encountered the mineralisation at a depth of approximately 19 metres," Murray Basin Minerals' Managing Director, Mr Chris Neal, said today.

"Assay results indicated an average heavy mineral grade of 6.08% with a thickness of 2.75 metres over a width of 75-100 metres."


Metex Resources NL (26 May 2000)

We advise that we have today lodged a Special Prospectus with the ASIC and the ASX to enable the issue of New Options to take place.


Norwest Energy NL (26 May 2000)

At 0600 hours central standard time today Puffin 5 was at a depth of 1,383m and drilling ahead.

Puffin-5 will test the Puffin-1 Updip Prospect which has P50 potential recoverable reserves of 75 million barrels. The well is 1.1 kms northwest and updip of Puffin-1 which intersected a 2 metre oil column in the Lower K1a Sand in 1973. Puffin 1 recovered about 20 litres of oil from a wireline testing tool while Puffin 2 drilled in 1974 on a drillstem test flowed 4,608 Barrels of oil per day.


Oil Company of Australia (26 May 2000)

Oil Company of Australia on behalf of the PL 22 Joint Venture advises that:

New Royal No 5 an Oil Appraisal Well situated approximately 790 metres north of Caxton No 2, latitude 27 deg 05 min 15.24 sec south, longitude 148 deg 52 min 35.10 sec east, was spudded at 1930 hours on may 18 2000. At 0600 hours today the well was at a total depth of 1547 metres RT and running 73mm (2.875 inch) production casing. Surface casing was set 170 metres RT.

The primary target of the well was the showgrounds sandstone.

PARTICIPANTS AND INTERESTS IN THE WELL ARE:

Oil Company of Australia Limited 64.0 percent
Oil Investments Limited 19.0 percent
Alliance Minerals Australia Pty Ltd 12.5 percent
Angari Pty Limited 04.5 percent


Pelsart Resources NL (26 May 2000)

REPORT FOR THE QUARTER ENDED 31 MARCH 2000

KASONGAN (45%)
Company : PT Kasongan Bumi Kencana
Product : Hard Rock Gold and Silver
Tenure : Kasongan Contract of Work
Permit Stage : Development
Status : Construction

Development of the Mirah project recommenced during the last quarter of 1999 after securing sufficient funds for the project. Since then, Signet Engineering of Australia gradually build up crew to complete the processing plant. During the quarter in review, the mechanical and piping installation for the process plant were almost complete with minor finishing works outstanding. However, critical support activities which are scheduled to be done in-house suffered set back due to delayed funding, rights to access and compounded by the very wet season which hampered most of the activities. Negotiation with the preferred mining contractor broke down due to uncertainties associated with the site development. An alternative mining contractor is actively being considered.

MERATUS (85%)
Company : PT Meratus Sumber Mas
Product : Hard Rock Gold
Tenure : Meratus Contract of Work
Permit Stage : Feasibility Study (Suspended)
Status : Care and Maintenance

There were no field exploration activity undertaken in the Meratus Contract of Work. Illegal mining is still rampant in the tenement with approximately 3,000 illegal miners operations as of this writing. The planned commencement of feasibility study activity was postponed for some appropriate time.

AMPALIT MINE / CAMPAGA BUANG (42.5%)
Company : PT Ampalit Mas Perdana
Product : Alluvial Gold and Zircon
Tenure : Ampalit Contract of Work
Permit Stage : Production
Status : Care and Maintenance

Ampalit's Cempaga Buang operation was shut down in the last quarter of 1997. The proposed rehabilitation was not undertaken due to insufficient funding.

BARITO (85%)

Company : PT Barito Intan Mas
Product : Hard Rock Gold and Base Metals
Tenure : Barito Contract of Work
Permit Stage : Feasibility (Suspended)
Status : Care and Maintenance

No field exploration activity was undertaken in the Barito Contract of Work area Decision to terminate the COW is under review.

KUSAN (85%)
Company : PT Pelsari Tambang Kencana
Product : Hard Rock Gold and Base Metals
Tenure : Kusan Contract of Work
Permit Stage : General Survey Study
Status : Care and Maintenance

No field exploration activity was undertaken in Kusan Contract of Work area.


Phoenix Mining Limited (26 May 2000)

Phoenix Mining Limited (PHX) was admitted to the Official List of Australian Stock Exchange Limited on Thursday 25 May 2000.

Official Quotation of the following securities will commence at 1pm EST (11am WST) on Friday 26 May 2000.

20,000,005 fully paid ordinary shares; and
20,000,000 options exercisable at 20 cents each on or before 30 June 2004


Pilbara Mines Limited (26 May 2000)

Pilbara Mines Ltd are pleased to announce the appointment of BNP Equities (Australia) Limited, as Corporate Advisor to Pilbara to provide financial, strategic and tactical advice in relation to Pilbara's 80% investment in Request DSL, and the subsequent launching of its national ADSL network later this year, bringing broadband access to thousands of homes around Australia.


Platgold Pacific Limited (26 May 2000)

Platgold Pacific Limited announced that its 100 percent owned subsidiary, Startrack Communications Limited, has signed a Heads of Agreement with the global market leader in the supply of industrial sensing and control equipment, Milltronics Ltd, a subsidiary of the Siemens group of companies.


Quadrant Australia NL (26 May 2000)

Quadrant advised the appointment of Mr Jon Fogarty as a Director of Quadrant. Mr Fogarty brings a wealth of business experience and institutional stockbroking expertise to the company.
Mr David Holden has resigned as a Director of Quadrant to focus on the development of Bincom Satellite Systems Ltd.


Range Resources Limited (26 May 2000)

Range Resources advised that the Directors have approved the issue and allotment of 13,415 ordinary fully paid shares in the capital of Range following the exercise of 13,415 options to acquire Range shares at 20 cents each on or before 16 June 2003.


Santos Limited (26 May 2000)

SUMMARY OF DRILLING - WEEK ENDING 25/05/2000

SOUTH AUSTRALIA

WELL: Moomba 113
TYPE: Gas Development
LOCATION: PPL 7, Moomba Block, 1.1km SW of Moomba 78, 1.2km NW of Moomba 91, and some 9km NW of the Moomba Gas Plant.
STATUS AT 25/05/2000 0600 HOURS: Moomba 113 has been cased and suspended as a future Permian gas producer. The well reached a total depth of 2,611m, with 343m progress for the week. The rig was released on 22/05/2000 and is currently moving to Moomba 110, a PPL 7 gas development well.
PLANNED TOTAL DEPTH: 2,626m

WELL: Della 22
TYPE: Gas Development
LOCATION: PPL 15, Nappacoongee-Murteree Block, 500m NE of Della 13, 700m SW of Della 8, and some 50Km E of the Moomba Gas Plant.
STATUS AT 25/05/2000 0600 HOURS: Conducting wireline logging operations. The well reached a total depth of 2,108m, with 1,491m progress for the week.
PLANNED TOTAL DEPTH: 2,128m

QUEENSLAND

WELL: Challum 18 DW
TYPE: SWQ Unit Gas Development
LOCATION: PL 59, Aquitaine B Block, 1.25km NE Challum 1 and 20km W of the Ballera Gas Centre.
STATUS AT 25/05/2000 0600 HOURS: Running 244mm surface casing. Current depth and progress for the week is 1,015m. The well spudded on 22/05/2000.
Challum 18 is a high angle well with two sub-horizontal lateral well bores designed to drain separate reservoirs in the Permian age Toolachee Formation. Challum DW1 is designated the lower lateral wellbore while Challum DW2 is designated the upper lateral wellbore.
PLANNED TOTAL DEPTH: DW1 - 3,121m MD; DW2 - 3,100m MD

WELL: Scotia 6
TYPE: Gas Appraisal
LOCATION: ATP 378P, Surat Basin, Queensland, 1.8km SSE of Scotia 2 and 2km N of Scotia 4, and 125km NE of the Wallumbilla Gas Plant.
STATUS AT 25/05/2000 0600 HOURS: Conducting wireline logging operations. Total depth and progress for the week is 926m. A drill stem test conducted over the Baralaba Coal Measures (755m to 774m) flowed gas to surface at a rate of 5,891 cubic meters per day (208 Mscfd). The well spudded on 18/05/2000.
PLANNED TOTAL DEPTH: 926m

WELL: New Royal 5
TYPE: Oil Appraisal
LOCATION: PL 22, Surat/Bowen Basin, 1.4km N of Caxton 2, 21km WNW of the Surat township.
STATUS AT 25/05/2000 0600 HOURS: Running 2(7/8)" tubing. New Royal 5 is to be cased and suspended. The well spudded on 18/05/2000, and reached a total depth of 1,538m.
PLANNED TOTAL DEPTH: 1,550m

NORTHERN TERRITORY

WELL: West Mereenie 17
TYPE: Gas Development/Appraisal
LOCATION: PL 4, Mereenie Block, Amadeus Basin, 2.0km SE of West Mereenie 16, and approximately 230km W of Alice Springs.
STATUS AT 25/05/2000 0600 HOURS: Preparing to run 273mm surface casing. Current depth and progress for the week is 505m. The well spudded on 23/05/00.
PLANNED TOTAL DEPTH: 1414m


Triton Corporation Limited (26 May 2000)

NEW ISSUE ANNOUNCEMENT


Victoria Petroleum NL (26 May 2000)

RE: KESTREL ENERGY REPORTS PROGRESS ON FRACTURE STIMULATION OF GREENS CANYON #1 WELL AND PREPARATION FOR FRACTURE STIMULATION OF GREENS CANYON #2 WELL

Victoria Petroleum advises that the company has a 18.5% indirect interest in the Greens Canyon Gas Project, in the major gas-producing Green River Basin in South-West Wyoming, USA, through its 18.5% holding in Kestrel Energy Inc.

Kestrel report, "the Company successfully fractured the Second Frontier Formation with more than 225,000 pounds of high-strength bauxite proppant. Management reports the initial flowback from the well was excellent, with 43% of the stimulation liquids recovered in the first 24 hours and strong gas flows in excess of 2,000 MCFD (2 million cubic feet per day). However, this performance was not sustained due to what was determined to be a hole in the tubing string, which ultimately slowed the recovery of the remaining stimulation fluids. The tubing hole has now been repaired."


WMC Limited (26 May 2000)

WMC Resources Ltd have announced some encouraging results from recent drilling of two nickel/copper targets in the West Musgrave area in Western Australia.


Western Metals Limited (26 May 2000)

The company has notified the ASX of its intention to buy back its converting preference shares (CPS). While no immediate action is contemplated, the company intends to progressively enter the market at appropriate times.


Zylotech Limited (26 May 2000)

We wish to advise that at the Company's Annual General Meeting held today all Resolutions, with the exception of Resolution 2, were passed.

Resolution 2, which was to consider the re-election of Mr N A Green as a Director, was not put to the Meeting as Mr Green resigned as a Director subsequent to the dispatch of the Notice of Meeting to shareholders.

Thursday 25th May 2000 (Close of Business)
All Ords 2979.8
+7.6
 
Dow Jones 10323.92
-211.43
ASX200 3018.1 +8.6 S&P 500 1381.52 -17.53
All Resources 1223.1
-8.2
Nasdaq 3205.35
-65.26
All Mining 622.0
-8.3
Gold - spot/oz US$269.90
-3.10
All Gold 669.0
+0.2
Silver - spot/oz US$4.89
-0.08
Energy 1354.2
-0.5
Platinum - spot US$556.00
-12.00
All Industrials 5199.7
+22.0
Bridge CRB Index 224.53
-0.93
FTSE 100 6231.10 +12.50 Crude Oil (NYMEX) US$30.51 +0.58
Nikkei 16,247.82 +203.38 Copper (LME $US/tonne) US$1793.0 -2.0
Hang Seng 13,921.06 -12.92 Lead (LME $US/tonne) US$420.0 +1.5
A$ = US56.9c
-0.2
Zinc (LME $US/tonne) US$1164.0
+2.5
A$ = 61.22yen
-0.34
Nickel (LME $US/tonne) US$10,435.0
-25.0
A$ = 0.623Euro
-0.009
Aluminium (LME $US/t) US$1463.5
-5.5
US 30-Year Bond 6.097% -0.088 Tin (LME $US/tonne) US$5420.0
-15.0
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price

Ashton Mining Limited (25 May 2000)

Ashton Mining is pleased to announce the appointment of Robert T Boyd as the Corporation's new President and Chief Executive Officer. Mr Boyd's appointment will be effective June 1, 2000, at which time he will also become a Director of the Corporation.


Boulder Steel Limited (25 May 2000)

Non-Renouncable Issue and Prospectus Disclosure Document is now available.


Broken Hill Proprietary Company Limited (25 May 2000)

BHP has announced the sale of BHP Information Technology Proprietary Limited (BHP IT) and the Company's Indonesian-based information technology business to Computer Sciences Corporation (CSC), effective 1 June 2000.


Broken Hill Proprietary Company Limited (25 May 2000)

BHP has announced the appointment of Dr John Schubert to the BHP Board, effective 1 June 2000.

Dr Schubert was formerly Chairman and Managing Director of Esso Australia Limited from 1988 to 1993 and Managing Director and Chief Executive of Pioneer International Limited from 1993 to May this year.


Broken Hill Proprietary Company Limited (25 May 2000)

BHP has announced a final unfranked dividend for fiscal year 2000 of 26.0 cents per fully paid ordinary share. This brings the full year dividend to 51.0 cents unfranked.


Croesus Mining NL (25 May 2000)

Exploration drilling will commence this week at Croesus' 560 sqkm Davyhurst project located 120km northwest of Kalgoorlie. The beginning of a $2 million exploration program to be carried out over the next 12-18 months in the Davyhurst area.


Delta Gold Limited (25 May 2000)

New Issue Announcement


Dioro Exploration NL (25 May 2000)

Dioro Exploration advise acquisition of a 55% interest in the Casuarina diamond tenements and a 90% - 100% interest in the Nullagine diamond interests from B2B Net Technology Limited. The acquisition now gives Dioro a 100% interest in the Casuarina project.


Dome Resources NL (25 May 2000)

Durban Roodepoort Deep, Limited has acquired in excess of 90 per cent of Dome Resources NL.


East Coast Minerals NL (25 May 2000)

East Coast Minerals and Legend Mining Joint Venture partners have recovered what is believed to be the largest specimen of massive primary silver mineralisation in Australia today, if not the world. The silver specimen, weighing approximately 165kgs, is truly exceptional in size and occurrence. The dimensions are approximately 800mm in length, 400mm width and 350mm in depth.


Electrometals Technologies Limited (25 May 2000)

The Directors of Electrometals have appointed Mr Charles Laycock, the Executive Chairman of Geo 2 Limited, as a non-executive director of Electrometals.

Furthermore, Electrometals has agreed to issue an additional 500,000 of its ordinary shares to Geo 2 Limited for cash at 20 cents per share, to raise $100,000. Following this placement, Geo 2 will hold 3,000,000 ordinary shares in Electrometals Technologies Limited, representing 8.5% of its issued capital after adjusting for unsold treasury shares. An application to list these new shares on the ASX will be made forthwith after they have been issued and allotted.

For full details on Geo 2 relationship, click here


Empire Oil & Gas NL (25 May 2000)

Empire Oil & Gas through its wholly-owned subsidiary, Rough Range Oil Pty Ltd, is pleased to announce the stabilised production test result from its Rough Range No 1B well.

A production test of the Rough Range 1B well has been conducted and completed over a 24-hour period from 1100 hours 23 May 2000 to 1100 hours 24 May 2000. During this 24-hour period the well has demonstrated a stabilised flow rate that averaged 1,106 barrels of oil per day with zero water production. The production test was conducted by British-based international and independent completion and testing service company, Expro Group Australia Limited.


Envestra Limited (25 May 2000)

Michael Scobie has resigned as a Director of Envestra Limited, EnVic Holdings 2 Limited and other subsidiaries.

Origin Energy has appointed its Finance Director, Mr Bruce Beeren to replace Mr Scobie on the Envestra Board.


Gawler Gold (25 May 2000)

The Company released to the Australian Stock Exchange on April 10, 2000, a proposed acquisition of a Melbourne-based technology company named Australon Enterprises Pty. Ltd. Gawler is progressing technical and legal due diligence investigations. Should the outcome of these investigations be satisfactory, the proposed acqusition will be submitted to the shareholders for approval. In due course, shareholders will be sent a formal Notice of General Meeting, an Information Memorandum and an independent expert's report (being prepared by Deloitte Touche Tohmatsu) attesting whether or not, in their opinion, the deal is fair and reasonable to the Gawler shareholders.

At this stage, it is anticipated that the Meeting could be held towards the end of July 2000.

For further information, click here


Gilt-Edged Mining NL (25 May 2000)

The securities of Gilt-Edged Mining NL will be suspended from Official Quotation at the close of trading on Friday 26 May 2000, following despatch of the Notice to Dissenting Offerees pursuant to the takeover by Goldfields Kalgoorlie Limited.

Security Code: GLT


Golden Deeps NL (25 May 2000)

New Issue Announcement


Grange Resources Limited (25 May 2000)

Grange Resources (ASX Code: GRA) have changed their name to Surfboard Limited (ASX Code: SBD).


Greater Pacific Gold Limited (25 May 2000)

The prospectus is now available.


Gullewa Limited (25 May 2000)

Gullewa Limited announce application to the Australian Stock Exchanges Limited for the official quotation of the Options issued on the basis of the Prospectus and Supplementary Prospectus, dated 4 April, 2000 and 24 May 2000 respectively, for a non-renounceable Entitlement Issue of up to 20,809,412 Options on the basis of one Option for every five ordinary Shares held at an issue price of 2 cents per Option.


Iluka Resources Limited (25 May 2000)

Iluka Resources are continuing their on-market buy back programme.


Investorinfo Limited (25 May 2000)

John Patrick Kelly was appointed by the Board of Directors as company secretary and Teresa Louise Stewart ceased to hold office as company secretary on 12th May 2000.


Kalrez Energy NL (25 May 2000)

Kalrez Energy's Chairman Mr Sol Majteles, on Monday, attended the official signing ceremony in Jakarta to formalise the granting of the 20-year extension of both the Bula Block PSC and the Seram (Non Bula) Block PSC.


Kingstream Steel Limited (25 May 2000)

Mr Leon Sin-Yu Chu has resigned as a director of the company.


Kurnalpi Gold NL (25 May 2000)

Rene Rivkin became a substantial shareholder in Kurnalpi Gold NL on 04/05/2000 with a relevant interest in the issued share capital of 2,145,000 ordinary shares (14.967%).


Mt Lyell Mining Company Limited (25 May 2000)

Please be advised of the changes to our address and contact details:

Mr J O'Callaghan
COMPANY SECRETARY
Mt Lyell Mining Company Limited
PO Box 1136
SOUTH PERTH WA 6951


Novus Petroleum Limited (25 May 2000)

FMR Corp increased its relevant interest in Novus Petroleum on 19/05/2000, from 6,714,542 ordinary shares (6.05%) to 11,700,178 ordinary shares (7.34%).


Norwest Energy NL (25 May 2000)

As at 6:00am (CST) Wednesday, 24th May, Puffin-5 was at 927 metres. The 13 3/8" casing was run and cemented at 917 metres and the 12 1/4" bottom hole assembly is being made up prior to drilling ahead.

Puffin-5 will test the Puffin-1 Updip Prospect which has P50 potential recoverable reserves of 75 million barrels. The well is 1.1 kms northwest and updip of Puffin-1 which intersected a 2 metre oil column in the Lower K1a Sand in 1973. Puffin 1 recovered about 20 litres of oil from a wireline testing tool while Puffin 2 drilled in 1974 on a drillstem test flowed 4,608 Barrels of oil per day.


Oil (25 May 2000)

Oil exports have exceeded imports for the first time in eight years.

Figures reached 5.8 billion litres in the March quarter and Laminaria, the massive new oil field in Timor Sea, largely attributed to the increase in production.

In operation since November 1999, Laminaria is expected to produce 170,000 barrels per day, a figure that places it in the top three reserves in Australia.


Oregon Minerals Limited (25 May 2000)

Orogen Minerals welcomes the initiatives of the Queensland Government included in the Cleaner Energy Policy announced this morning by Premier Beattie at the Queensland Gas and Power Conference. These initiatives included:

* Electricity retailers in Queensland will have to source 15% of power sold in Queensland from alternative (to coal) energy sources such as gas;

* A new base-load gas fired power station will be built for the Townsville region;

* The Queensland government will "work with developers of the PNG gas pipeline to advance construction of the Townsville to Gladstone section of the pipeline"; and

* No new power generating licences would be granted unless there was a clear and demonstrated need.


Pancontinental Oil and Gas NL (25 May 2000)

The Philippines National Oil Company as operator of the Aparri Basin GSec 84 Joint Venture has advised that at 6.00am, 23 May 2000, (Philippines time) 14 days after spudding, the Fuga 1 exploration well has reached a depth of 2327 feet (709.3 metres).

After drilling out from the 13 (3/8") (340mm) casing shoe at 1815 feet (553.2 metres), the well has drilled through a sequence of interbedded dark greenish gray siltstones, calcarenites and fine grained sandstones. Above background mudlog gas shows were recorded in fine to medium grained sandstone lenses at 1910 feet (582.2 metres) and 2127 feet (648.3 metres).

This sequence is interpreted to be of late Miocene age and overlies the early to mid Miocene Sicalao limestone, the first major target zone.

Fuga 1 has a proposed total depth of 2200 metres and is anticipated to take 34 days after spud to reach that depth.

Wednesday 24th May 2000 (Close of Business)
All Ords 2972.2
-13.7
 
Dow Jones 10535.35
+113.08
ASX200 3009.5 -11.9 S&P 500 1399.05 +25.19
All Resources 1231.3
+2.7
Nasdaq 3270.61
+106.06
All Mining 630.3
+4.6
Gold - spot/oz US$273.00
-0.80
All Gold 668.8
-4.9
Silver - spot/oz US$4.97
-0.02
Energy 1354.7
+9.4
Platinum - spot US$568.00
+7.00
All Industrials 5177.7
-30.4
Bridge CRB Index 225.47
+1.39
FTSE 100 6118.60 +31.80 Crude Oil (NYMEX) US$29.93 +1.15
Nikkei 16,044.44 -274.29 Copper (LME $US/tonne) US$1819.0 +21.5
Hang Seng 13,933.98 -323.20 Lead (LME $US/tonne) US$418.5 +6.5
A$ = US57.1c
-0.3
Zinc (LME $US/tonne) US$1172.5
+12.5
A$ = 61.56yen
-0.29
Nickel (LME $US/tonne) US$10,525.0
+55.0
A$ = 0.632Euro
-0.001
Aluminium (LME $US/t) US$1489.5
+9.5
US 30-Year Bond 6.185% +0.013 Tin (LME $US/tonne) US$5420.0
-15.0
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price


Australian International Carbon Limited (24 May 2000)

The Board of Directors advise that the Company's Registered Office will move to:

1162 Hay Street West Perth WA 6005
Telephone Number: (08) 9366 4750
Facsimile Number: (08) 9366 4749


Anglo Pacific Group PLC (24 May 2000)

Anglo Pacific wishes to confirm details of payment of a dividend as follows:

Amount: 0.05 pence
Payable: in Australian dollars to shareholders with an Australian address

Exchange Rate: to be confirmed closer to date of payment
Record Date: 7 July 2000
Payment Date: 4 August 2000


Australian Sandstone Industries Limited (24 May 2000)

Australian Sandstone Industries wish to advise that Mr Aaron W.K. Yeung has resigned as a Director effective from 19th May 2000.


Anzoil NL (24 May 2000)

Soros Fund Management LLC and Quantum Emerging Growth Partners C.V. ceased to be substantial shareholders in Anzoil NL on 19/05/2000.


Baynet (24 May 2000)

Joseph Gutnick has teamed with US-based Primus Telecommunications in a multi-million dollar business-to-business "global mining portal". The JV - called Baynet - aims to capture a significant portion of the annual $1.56 billion mining-related business.


Conquest Mining NL (24 May 2000)

Newpark Enterprises became a substantial shareholder in Conquest Mining on 19/05/2000 with a relevant interest in the issued share capital of 11,111,111 ordinary shares (17.341%).

This information is based on a total number of securities of 11,111,111.


Diamond Rose NL (24 May 2000)

Diamond Rose' final results from heavy mineral analysis of 75 scout air-core drill samples from geophysical targets at Upper Beta Creek, indicate a far greater number of kimberlite pipes than was originally anticipated.


Dome Resources NL (24 May 2000)

As at 23/05/2000, Durban Roodepoort Deep has become entitled to an additional 177,300 ordinary shares in Dome Resources.

Durban Roodepoort Deep Limited has a total entitlement of 123,882,341 ordinary shares in Dome Resources.


Eastern Aluminium Limited (24 May 2000)

Mr Rudolph (Rudi) Paul Huber has today been appointed as a director of Eastern Aluminium Limited. Mr Huber is Executive Director of Finance with Alcoa, which is now the major shareholder of the company as a result of Alcoa's takeover bid.


Energy Equity Corporation Limited (24 May 2000)

Two new Indonesian contracts have been signed with Pertamina.

The Bone Production Sharing Contract (PSC) is an offshore contract in Bone Bay, South Sulawesi. The contract covers an area of 4,451sqkm and is immediately adjacent to the producing onshore Sengkang PSC in which EEC has a 50% interest.

The Gajah Besar Technical Assistance Contract (TAC) in located in South Sumatra near to EEC's other TAC's - Biru and Talang Babat. The Gajah Besar TAC covers an area of 39.4sqkm and contains a suspended gas well which previously was tested dry sweet gas at rates in excess of 10 MMscf/d. EEC plans a fast track development with gas sales into the existing 240 MMscf/d South Sumatra gas market.


Empire Oil & Gas NL (24 May 2000)

Empire Oil & Gas through its wholly-owned subsidiary, Rough Range Oil Pty Ltd, is pleased to announce further results from its Rough Range No.1B well. Successful flow testing of the well continues and the produced crude is being loaded into tank storage facilities on site with road train tankers transporting the crude to the BP Kwinana Refinery for processing. Flow testing will continue until a stabilised flow rate can be recorded or on-site tankerage is at full capacity.


First Australian Resources NL (24 May 2000)

The proposed participation by FAR in the development of a new internet search technology will no longer proceed.


Grenfell Resources NL (24 May 2000)

NEW ISSUE ANNOUNCEMENT - RAISE FUNDS

For updates on Grenfell Resources NL, click here


Hardman Resources NL (24 May 2000)

Update on the Fuga #1 exploration well, Philippines to 06:00 hours, 23 May 2000:-

Progress since 16 May:

The well was drilled to 552 metres where the 13(3/8) inch (340mm) intermediate casing was run and cemented. Drilling has recommenced in the 12(1/4) inch (311mm) hole size and at reporting date has reached a depth of 709 metres.

The geology from 552 metres to 709 metres comprises an interbedded sequence of siltstone, sandstone and limestone. Minor gas shows were recorded in the drilling mud with up to 0.3% C1 and trace C2.

Future Programme:

Drill ahead in 12(1/4) inch hole to approximately 1,676 Metres, run wirelines logs and then install 9(5/8) inch (244mm) intermediate casing. Drill ahead in 8(1/2) inch (216mm) hole size to total depth.


Imperial One International Limited (24 May 2000)

Change of Business Name to Imperial One Limited.


Jubilee Mines NL (24 May 2000)

At the next General Meeting of members, the Company intends to seek approval to issue each of the Directors of the Company with 500,000 unlisted share options in the capital of the Company.

NEW ISSUE ANNOUNCEMENT


Lakes Oil NL (24 May 2000)

NORTH SEASPRAY-3

Lakes Oil wishes to announce that the drilling contractor has advised that the rig to be used for the drilling of the North Seaspray-3 exploration well in PEP 137 (onshore Gippsland Basin) is due to arrive at the drill site tomorrow, Wednesday, May 24th.

For further information, please click here


New Hampton Goldfields Limited (24 May 2000)

Summary

* Increase in Ore Reserves at Big Bell Gold Operations from 510,000 ounces to 861,000 ounces as a result of an independent study by Australian Mining Consultants Pty Ltd. Life of mine estimate revised to five years.

* Very significant high grade mineralisation, including 8 metres at 60.5 grams per tonne ("g/t") gold from 32 metres and 10 metres at 41.8 g/t gold from 28 metres has been intersected in new and existing zones at Noble, near Coolgardie.


Norwest Energy NL (24 May 2000)

Norwest Energy advises that Puffin 5 well reached casing point at 927m at 1700 hours central standard time, following which 13(3/8)" casing was run. It is expected that the well will recommence drilling ahead today.

Puffin-5 will test the Puffin-1 Updip Prospect which has P50 potential recoverable reserves of 75 million barrels. The well is 1.1 kms northwest and updip of Puffin-1 which intersected a 2 metre oil column in the Lower Kla Sand in 1973. Puffin 1 recovered about 20 litres of oil from a wireline testing tool while Puffin 2 drilled in 1974 on a drillstem test flowed 4,608 Barrels of oil per day.


Pacmin Mining Corporation Limited (24 May 2000)

Pacmin Mining are continuing their on-market buy back programme.


Precious Metals Australia Limited (24 May 2000)

Media Coverage on the opening of the Windimurra Vanadium Mine, please click here


Prima Resources Limited (24 May 2000)

Prima Resources has received notice of a requisition to call an Extraordinary General Meeting of members to consider resolutions for the removal of Messrs B Fehlberg and K Chng and appointment of Mr B Frost to the Board of directors of the Company.

Details to be announced.


Rio Tinto Limited (24 May 2000)

RIO TINTO ACHIEVES 91.89% INTEREST IN COMALCO

OFFER EXTENDED UNTIL 5 JUNE 2000

Rio Tinto said today that it has achieved a 91.89% interest in Comalco.

Given the relatively short time that shareholders have had to consider and respond to Rio Tinto's offer to acquire Comalco shares, the closing date of the offer has been extended to 7.00pm, 5 June 2000.


Roc Oil Company (24 May 2000)

FIRST QUARTER 2000 HIGHLIGHTS

* ROC's second full quarter as a publicly listed company saw record sales and other operating revenue of $25.1 million (after allowance for the Non-Core Asset Sale); up 96% on the $12.8 million equivalent figure for the previous quarter.

* The Company's unaudited operating profit, after income tax expense, for the quarter was $21.6 million, compared to a $0.6 million operating loss after income tax expense in the previous quarter. The1Q2000 result includes an abnormal profit of $18 million from the Non-Core Asset Sale and abnormal net foreign currency losses of $0.3 million after income tax expense.

* Driving the increased revenue figure is a 166% increase in average daily production for the quarter from 4,069 barrels of oil equivalent per day ("BOEPD") to 10,835 BOEPD (after adjustment for the Non-Core Asset Sale). This is ROC's third consecutive quarter-on-quarter increase in production and is primarily due to the receipt of three full months of gas production from the Saltfleetby Gas Field compared with 18 days in the previous quarter.

* Gas production from the Saltfleetby Gas Field, 100% owned by ROC, continues to outperform Prospectus expectations. During the quarter, the field produced 4.45 billion cubic feet of gas at an average of 49 MMSCFD together with an estimated 1,000 barrels of condensate per day.

* On 7 March 2000, the UK Department of Trade and Industry formally gave its approval for the 130 day Extended Well Test ("EWT") scheduled to commence at the Kyle Oil Field in the UK North Sea by June 2000. Earlier in the year the Kyle Joint Venture, in which ROC holds a 12.5% interest, had executed a contract with the owners of the Petrojarl floating production storage and offloading vessel ("FPSO"), in order to use that vessel for the EWT.

* The Chestnut (ROC: 17.75%) and Blane (ROC: 14.48%) fields continued to make tangible progress towards potential development. Consideration is being given to conducting an EWT on Chestnut before the end of the year whilst the Blane Joint Venture operator has initiated dialogue with contractors to determine how best to develop the field.

* More than two years of technical work is coming to fruition both in Mongolia and Morocco, where ROC holds a 100% interest in large acreage positions. In both areas a number of very large prospects and leads, representing diverse play types, have been identified. ROC expects to drill two of the Mongolian prospects in 3Q2000.

* On 24 February 2000, ROC exercised its option to earn a 45% interest in WA-286-P by paying 60% of the cost of the next well to be drilled in this offshore Perth Basin permit. Subsequently, the Joint Venture confirmed ROC's designation as permit operator effective 1 April 2000, subject to receipt of formal approval from the relevant Government authorities. An exploration well, expected to be drilled
in 1Q2001, will test a novel play concept which, if verified, will not only have a major impact upon ROC'S future but will also radically alter the market's and the industry's perception of this part of the Perth Basin.


Roc Oil Company (24 May 2000)

Macquarie Bank Limited ceased to be a substantial shareholder in Roc Oil on 19/05/2000.


Wesfarmers Ltd (24 May 2000)

Wesfarmers announced a major expansion of its coal mining interests with the acquisition of the Curragh coal mine in Queensland's Bowen Basin.
Managing Director Michael Chaney said the company was the successful tenderer for the purchase of Curragh, 200 kilometres west of Rockhampton, from Arco Coal Australia Incorporated ("ACAI") and Mitsui Coal Development (Australia) Pty Ltd ("MCDA"). The purchase price is in the order of US$105 million, plus working capital, for an overall price of around A$200 million.

"The deposit currently being mined produced about 4.5 million tonnes of coking and steaming coal last year and, with two other deposits marked for future development, will deliver very good returns to Wesfarmers' shareholders," he said.
"Sales are split roughly half and half between steaming coal for the domestic market and exports of hard and semi-soft coking coal.


WMC Limited (24 May 2000)

WMC is continuing its on market share buy-back programme.


WMC Limited (24 May 2000)

WMC Resources Ltd is encouraged by the results from recent drilling of two nickel/copper targets in the West Musgrave area, in Western Australia.

The West Musgrave Project is located within the Musgrave Ranges north east of Laverton near the South Australian border. The tenements lie entirely within Aboriginal Reserve No. A17614, administered by the Ngaanyatjarra Land Council.

Two diamond drill holes, four kilometres apart, intersected sulphide mineralisation. Final results from the first hole which tested an electro magnetic anomaly at least 800 metres long, are 26.55 metres (apparent
width) @ 2.45% nickel, 1.78% copper, and 0.09% cobalt from 58m - 84.55 metres down hole (true width not known). The first batch of samples from the second hole which tested an IP and a weak electro magnetic anomaly at least 1.5 kilometres long has returned a preliminary result of 37.9 metres (apparent width) @ 0.31% nickel, 0.45% copper, and 0.01% cobalt from 54.1 metres - 92 metres down hole (true width not known). Analyses below 103.3 metres in the second hole are still awaited. Further results will be included in the Quarterly Report due for issue in mid-July.

WMC Exploration Executive General Manager Jack Parry said that while the results were encouraging, it was still too early to speculate on the findings.

Mr Parry said that the company had a long history of exploration in the general area in the 1960s, and acquired the current leases at West Musgrave in 1997.

'Our relationship with the local people dates back to the 1960s. We will continue the full and open consultation process first established over 30 years ago.'

Tuesday 23rd May 2000 (Close of Business)
All Ords 2985.9
+16.9
 
Dow Jones 10422.27
-120.28
ASX200 3021.4 +19.1 S&P 500 1373.86 -26.86
All Resources 1228.6
+19.8
Nasdaq 3164.55
-199.66
All Mining 625.7
+4.0
Gold - spot/oz US$273.80
-1.60
All Gold 673.7 -6.2 Silver - spot/oz US$4.99
-0.01
Energy 1345.2
+18.1
Platinum - spot US$576.00
+11.00
All Industrials 5208.0
+19.6
Bridge CRB Index 224.08
+0.25
FTSE 100 6086.80 +51.30 Crude Oil (NYMEX) US$28.78 +0.05
Nikkei 16,318.73 -67.28 Copper (LME $US/tonne) US$1809.5 -8.0
Hang Seng 14,257.18 +116.45 Lead (LME $US/tonne) US$410.0 +2.0
A$ = US57.4c
-0.1
Zinc (LME $US/tonne) US$1161.5
+3.5
A$ = 61.27yen
-0.31
Nickel (LME $US/tonne) US$10,475.0
-50.0
A$ = 0.633Euro
-0.003
Aluminium (LME $US/t) US$1495.0
-1.0
US 30-Year Bond 6.172% +0.003 Tin (LME $US/tonne) US$5450.0
-30.0
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price


Ashton Mining Limited (23 May 2000)

Ashton Mining is continuing its on market share buy-back programme.


Australian Pipeline Trust (23 May 2000)

The Prospectus is now available.


Austindo Resources Corporation NL (23 May 2000)

International Antam Resources has received the assay results for the first three drill holes on the Cibaliung Gold Project from its joint venture partner, Austindo.

The Cibaliung Gold Project is a high grade epithermal gold vein system located 150 km southwest of Jakarta in West Java, Indonesia. Previous expenditures totalling US$2.8 million identified two high-grade mineralized zones in an extensive epithermal system. The property is currently joint ventured with Austindo who is required to fund the next stages of exploration expenditure to a total of US$1.425 million, after which the Company will be required to provide its pro rata share of expenditures or accept dilution of its current 37% interest.

These three initial holes are part of a 10,000 metre drill program designed to confirm the current Inferred Resources of Cikoneng and Cibitung ore shoots, upgrade these to Indicated status, explore extensions to the zones and test priority targets adjacent to the Cibitung and Cikoneng zones. All three holes intersected the targeted Cikoneng ore shoot in the expected positions. Assay results are reported below:

VEIN INTERCEPTS DOWNHOLE ASSAY RESULTS CORE
HOLE FROM(M) TO(M) LENGTH(M) AU (G/T) AG (G/T) RECOVERY
AC-1 221.7 232.2 10.5 25.88 193.0 77.2%
AC-2 83.0 91.0 8.0 13.68 153.0 98.9%
AC-3 170.7 180.0 9.3 8.11 Pending 93.6%

An independent review by a "Competent Person" as defined in the "Australasian Code for Reporting Mineral Resource and Ore Reserves" previously confirmed total Inferred Resources occurring in the adjacent Cikoneng and Cibitung zones to be:

993,000 tonnes grading 9.78 g/t Gold and 57.4 g/t Silver

These resources equate to 312,230 contained ounces of gold and 1,830,000 ounces of silver.

The success of the first three holes in confirming vein geometry and grade has increased the joint venture partner's confidence in the economic potential of the Cikoneng shoot and the next phase of drilling that is designed to test for extensions of the zone has commenced.

International Antam Resources Ltd. is a gold and silver producer carrying on mining and mineral exploration in Indonesia.


Beach Petroleum NL (23 May 2000)

An allotment of Ordinary Shares has been made today, in accordance with the Underwriting Agreement.
22,857,142 Ordinary Shares have been allotted and will be updated into the relevant uncertificated accounts on 22 May, 2000.


Boulder Steel Limited (23 May 2000)

OPTION ENTITLEMENT ISSUE - NEW ISSUES ANNOUNCEMENT


Burdekin Pacific Limited (23 May 2000)

Burdekin Pacific advises that no immediate disruptions have been encountered at the Mt Kasi Mine as a result of recent events in Fiji.


Cambrian Resources Limited (23 May 2000)

An ASP (application service provider) partnership has been announced byCambrian Resources' ServicePoint, an online business service centre, and Open Text Australia, provider of web-based collaborative software solutions. They will provide collaborative web-based e-business applications for Australian SMEs (small to medium enterprises) and their advisors.


Contact Energy Limited (23 May 2000)

Contact Energy have implemented a share buy-back programme made through the NZ Stock Exchange.


Coolgardie Gold NL (23 May 2000)

Coolgardie Gold NL is pleased to announce that Sm@rtTrans Limited has been commissioned to install its revolutionary route optimisation system into Boral Transports Building Products operation.


Crest Magnesium NL (23 May 2000)

The Directors of Crest Magnesium announce an intention to undertake a 1 for 1 entitlement issue at $0.07 cents per share.


Delta Gold Limited (23 May 2000)

Delta Gold are pleased to announce that they have entered into an agreement with Ross Mining, a newly acquired subsidiary of Delta Gold, to allow Perseverance to carry out due diligence on the Timbarra Gold Project and surrounding exploration tenements in order to reach an agreement to purchase the project. This agreement gives Perseverance an exclusive period of two months to complete the due diligence and enter into negotiations with financiers for the purchase.


Empire Oil and Gas NL (23 May 2000)

Production testing of the Rough Range 1B well commenced at 0900 hours on Sunday 21 May 2000.

The oil produced was flowed to oil storage facilities on site. During the cleanup the flow rates were measures up to a maximum of 1608 barrels of oil per day (BOPD).

The average measured production rate was 837 BOPD over the initial flow period of 4.45 hours.

The well cleaned up as the oil to surface temperature increased and the oil flow rates were measured at 1200 BOPD over the final two hours before the well was shut in overnight.


Emperor Mines Limited (23 May 2000)

Emperor Mines wishes to advise that the national curfew, imposed by Fijian authorities on Saturday 20 May, resulted in disruptions to the afternoon and night shifts over the weekend. Management has successfully re-organised shifts to minimise the impact.


Fortuna NL (23 May 2000)

Fortuna advise that Ernest A Myers resigned as a Director of the Company on the 28th April 2000.


Gold (23 May 2000)

The World Gold Council has released it's March quarterly report on world gold demand trends. Their research concludes Gold prices had the potential to soar during the period; however Australian producers kept prices modest with renewed forward selling near the end of the quarter.

Prices rose sharply twice during the period when major overseas producers such as AngloGold, Barrice, Placer Dome and Normandy ceased hedge positions and entering new hedge contracts.

Prices increased from $US280 ($490) per ounce, first to $US290 in January then to $US322 per ounce in February before the renewed forward selling commenced.


Greenvale Mining NL (23 May 2000)

New Issue Announcement - Conversion of Contributing Shares


Gullewa Limited (23 May 2000)

Gullewa announce an extension of the closing date of the pro-rata non-renounceable entitlement issue of up to 20,809,412 options (at an issue price of 2 (two) cents per option) on the basis of one option for every five ordinary shares held in Gullewa Limited at the record date ("Offer").

The new closing date for the Offer is now 7 June 2000.


Kanowna Lights Limited (23 May 2000)

NEW ISSUE ANNOUNCEMENT - PAYMENT OF BALANCE OWING ON ACQUISITION


Majestic Resources NL (23 May 2000)

Majestic Resources have pleasure in announcing acquisition of the mineral rights for a diamond concession located approximately 50 kilometres south-west of Kimberley, South Africa, on the Reit River.


Molopo Australia NL (23 May 2000)

UPDATE

CHINA
On May 20, 2000 a contract was signed for the drilling, completion and production testing of a four well pilot production test on the Company's coalbed methane gas project in the Liulin block located in the Hedong Fairway in Central China. Drilling is expected to commence on or around May 29, 2000.

NORTH KOREA
The Company's gold production plant has arrived at the Changjin alluvial mine site in North Korea and expects to commission the plant and commence test gold production within the next two weeks. Upon completion of successful test production and the arrival of additional earth moving equipment, the Company expects the plant will be fully operational by late June 2000.


Mount Burgess Gold Mining Company NL (23 May 2000)

Mount Burgess is continuing it's on market share buy-back programme.


Mount Burgess Gold Mining Company NL (23 May 2000)

EXPLORATION - TELFER

The Company would like to announce that its joint venture partner, Normandy has now mobilised a field crew to commence this season's drilling operations over the Isdell Joint Venture properties in the Telfer region of Western Australia.

Drilling will commence shortly with a 4,000 metre aircore drilling programme over the South Corridor gold, base metal and manganese geochemical anomaly, situated to the west of known gold mineralisation at Chicken Ranch. This anomaly, discovered late in 1999, extends for over 2 kilometres within the Company's tenements.

For further information, please click here


Mount Conqueror Minerals NL (23 May 2000)

The securities of Mount Conqueror Minerals will be suspended from official quotation immediately, pending the Company's compliance with listing rules 11.1.2 and 11.1.3.

Mount Conqueror Minerals NL have entered into a Heads of Agreement with Wilson Neill Corporation Limited, a public company listed in New Zealand, owning all the issued shares in Radionet.


Minerals Corporation Limited (23 May 2000)

NEW ISSUE ANNOUNCEMENT - EXERCISE OF OPTIONS


Normandy Mining Limited (23 May 2000)

Joint venture partner, Normandy has now mobilised a field crew to commence this season's drilling operations over the Isdell Joint Venture properties in the Telfer region of Western Australia.


Norwest Energy NL (23 May 2000)

Norwest Energy advises Puffin 5 Spudded at 12.30 hours central standard time (CST) 20th May 2000. The 30 inch casing was set at 160 meters.

At 6.00 hours (CST) Puffin 5 was at a depth of 515m and drilling ahead.


Placer Dome Inc (23 May 2000)

Placer Dome reports improved financial results compared with a year ago, despite continued low gold prices. Consolidated net earnings were $43 million or $0.13 per common share in the first quarter of 2000, compared with $10 million or $0.03 per common share in the year-earlier period. Cash flow from operations amounted to
$112 million compared with $101 million in the first three months of 1999 and mine operating earnings increased 60% to $128 million,compared with $80 million in the corresponding period in 1999.

Production highlights in the first quarter include:

* All operations in Australia and Papua New Guinea achieved higher production than in the year-earlier period, representing a total increase of 38% to 334,335 oz.

* Porgera Mine in Papua New Guinea increased production by 78% to 102,664 ozs, while reducing cash cost to $157/oz, a drop of $134/oz and reducing total cost to $265/oz, a drop of $138/oz from 1999.

* Misima Mines in Papua New Guinea increased production by 83% to 85,145 ozs (100%), while reducing cash cost and total cost to $163/oz and $216/oz, respectively, compared to $265/oz and $341/oz, respectively, from the prior year period.

* Cortez, the lowest-cost gold mine in North America, continued strong production in the first quarter with 187,105 ozs and reduced cash and total costs by 11% to $47/oz and $109/oz, respectively.

* Golden Sunlight Mine in the US increased production by 36% to 51,310 ozs and decreased cash and total costs to $111/oz and $283/oz, respectively, compared to $232/oz and $377/oz, respectively, in the
first quarter of 1999.

* Musselwhite Mine in Canada increased production by 23% to 42,508 ozs and decreased cash and total costs to $154/oz and $226/oz, respectively, compared to $191/oz and $302/oz, respectively, in the
prior year period.

* Following the December 1999 acquisition of the remaining 50% interest, Zaldivar is now fully consolidated and as a result contributed $17 million in cash flow from operations in the first quarter of 2000. Production totalled 80,806,000 lbs at a cash cost of $0.39/lb and a total cost of $0.58/lb.


Phoenix Mining Limited (23 May 2000)

The Prospectus is now available.


Ranger Minerals Limited (23 May 2000)

Ranger Minerals are continuing their on market buy back programme.


Roebuck Resources NL (23 May 2000)

Issue of Shares and Options


St Barbara Mines Limited (23 May 2000)

Maple-Brown Abbott Ltd ceased to be a substantial shareholder in St Barbara Mines Limited on 10/05/2000.


St Francis Mining Limited (23 May 2000)

On 15 May 2000, a General Meeting of the Shareholders of St Francis Mining Ltd approved a change of name for the Company to St Francis Group Ltd.


Tap Oil NL (23 May 2000)

National Australia Bank Limited Group ceased to be a substantial shareholder in Tap Oil NL on 12/05/2000.


Union Capital Limited (23 May 2000)

JEFF KENNETT TO CHAIR AUSTRALIAN SECURITY COMPANY IDENTIKEY

Union Capital Limited's associate Identikey Limited has secured former Victorian Premier, Jeff Kennett, for Chairmanship of the Brisbane-based company.


Victoria Petroleum NL (23 May 2000)

Press Conference EKHO NO. 1 Drillsite 3 miles east of Interstate 5, 1/4 mile South of Highway 46.

Tri-Valley Oil & Gas Co. believes its Ekho No.1 will usher in The third century of Kern County Petroleum activity with a world-class discovery. The Company is now completing the fastest well ever drilled in California below 19,000 feet and will shortly begin production testing to see if Mother Nature actually agrees with all the log data and calculations by several independent sources.


Wedgetail Exploration NL (23 May 2000)

The directors of Wedgetail Exploration are pleased to announce that Wedgetail, through the company's wholly owned subsidiary Gulliver has entered into a Heads of Agreement with ICSA T Software Solutions, a major software development corporation based in Antwerp, Belgium and partly owned by Amadeus a Global Distribution System (GDS) with more than 156,000 terminals in 36,000 travel agencies connected to its system.

Monday 22nd May 2000 (Close of Business)
All Ords 2969.0
-36.4
 
Dow Jones 10542.55
-84.30
ASX200 3002.3 -36.8 S&P 500 1400.72 -6.23
All Resources 1208.8
-10.2
Nasdaq 3364.21
-26.19
All Mining 621.7
-4.7
Gold - spot/oz US$275.40
+1.60
All Gold 679.9
+0.1
Silver - spot/oz US$5.00
+0.02
Energy 1327.1
-41.1
Platinum - spot US$550.00
+7.00
All Industrials 5188.4
-67.2
Bridge CRB Index 223.83
+0.47
FTSE 100 6035.50 -9.90 Crude Oil (NYMEX) US$28.73 -1.12
Nikkei 16,386.01 -472.16 Copper (LME $US/tonne) US$1817.5 +2.5
Hang Seng 14,140.73 -337.53 Lead (LME $US/tonne) US$408.0 +5.0
A$ = US57.5c
+0.2
Zinc (LME $US/tonne) US$1158.0
+2.0
A$ = 61.58yen
+0.39
Nickel (LME $US/tonne) US$10,525.0
-75.0
A$ = 0.636Euro
-0.004
Aluminium (LME $US/t) US$1496.0
-2.0
US 30-Year Bond 6.169% -0.058 Tin (LME $US/tonne) US$5480.0
0.0
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price


Sedimentary Holdings NL (22 May 2000)

PRESENTATION TO LION SELECTION GROUP LTD INVESTMENT SEMINAR

Address by R.B. Devereux, Managing Director, Sedimentary Holdings NL held in Melbourne on 16th May 2000 and in Sydney on 17th May 2000.

For full presentation, click here


BeMaX (22 May 2000)

RE: Appointment of Company Secretary

Ms Jayne Steele has resigned as Company Secretary as at 15 May 2000.

Ms Sharon Ditchburn has been appointed as Company Secretary on 15 May 2000.

For further information about BeMaX, click here


Beach Petroleum (20 May 2000)

Beach reports that at 9.00 am on 19 May 2000, Canterbury-1 was drilling ahead at 2,008 metres (6,588 ft). Progress since the last report (May 12) was 950 m (3,117 ft). The well has a planned total depth of 2,250 metres (7,381 ft).


Buka Minerals (20 May 2000)

Buka is pleased to advise that it has received notice from Noranda Pacific Pty Ltd. (Noranda) that Noranda has committed to a Feasibility Study on the Lady Loretta zinc-silver-lead project in Queensland.
Under the terms of the Lady Loretta J.V. Option Agreement Noranda has an option until 22nd December 2000 to purchase 75% of the Lady Loretta deposit from Buka for $21 million. Since January 1999, Noranda has been actively drilling and conducting metallurgical assessment on Lady Loretta.


Energy Equity Corp (20 May 2000)

Energy Equity Corporation Ltd (EEC) are pleased to advise the following update in relation to the Sengkang Gas and Power Project in South Sulawesi, Indonesia:
PLN, the Indonesian Electricity company and PT Energi Sengkang (PTES), the operator of the Sengkang Power Project (PTES is owned 47.5% by EEC), executed an extension to the 23 September 1999 Interim Agreement, whereby:

(a) PLN has paid PTES US$33.5 million of the arrears currently due and payable to PTES to enable PTES to meet all its outstanding debt service obligations in full and pay in full all amounts due and payable for gas purchases under the Gas Sales Agreement with Pertamina/Energy Equity Epic (Sengkang) Pty Ltd (EEES), in which EEC holds a 50% interest. EEES will therefore be able to meet all its outstanding debt service obligations in full. Under the terms of Confidentiality Agreements, PTES is prevented from disclosing the actual amount of the arrears paid or other terms and conditions.
(b) Unless extended by mutual agreement, the Interim Agreement Extension, effective 1 May 2000, shall terminate on 31 July 2000.


Greater Pacific Gold (20 May 2000)

The company advises that all resolutions placed before today's general meeting were carried. In summary the resolutions were:


Grenfell Resources (20 May 2000)

The board of Grenfell Resources NL ("Grenfell") has for some time been considering how best to position the company's activities against the backdrop of the very poor commodity markets and lack of investor interest in small exploration companies. The board is of the view that the company's exploration projects in Australia and India have good potential over the longer term and has resolved to continue to pursue these core projects in order to realise their potential for Grenfell. However, the board has also been seeking to broaden the company's activities to ensure that it has continuing opportunity to grow should commodity markets remain depressed for some time, secured by a steady cash flow to provide ongoing funding of operations.
In light of the above, the company hereby announces that it has elected to contribute a staged $2.66 million for a 35% interest in a "start-up" technology joint venture - Newbrain Technologies Limited ("NBT"). To fund this investment, the company has retained Taylor Collison Limited to place 35 million new shares at $0.08 each with a free three year option exercisable at $0.20 per option in two tranches.
NBT was formed recently by the founders of Property.com.au to develop an Internet-based business facilitation product.

For details, click here.

Friday 19th May 2000 (Close of Business)
All Ords 3005.4
-6.5
 
Dow Jones 10626.85
-150.43
ASX200 3039.1 -5.7 S&P 500 1406.95 -30.26
All Resources 1218.9
+5.4
Nasdaq 3390.40
-148.31
All Mining 626.4
+6.3
Gold - spot/oz US$273.80
+0.90
All Gold 679.8
-8.1
Silver - spot/oz US$4.98
-0.03
Energy 1368.2
-4,4
Platinum - spot US$543.00
+17.00
All Industrials 5255.7
-17.6
Bridge CRB Index 223.39
+1.38
FTSE 100 6045.40 -187.50 Crude Oil (NYMEX) US$29.85 -0.37
Nikkei 16,858.17 -173.46 Copper (LME $US/tonne) US$1807.5 -7.5
Hang Seng 14,478.26 +155.66 Lead (LME $US/tonne) US$404.0 +0.5
A$ = US57.35c
+0.34
Zinc (LME $US/tonne) US$1151.0
-5.0
A$ = 61.19yen
-0.82
Nickel (LME $US/tonne) US$10,475.0
-125.0
A$ = 0.640Euro
+0.004
Aluminium (LME $US/t) US$1495.0
-4.0
US 30-Year Bond 6.227% -0.004 Tin (LME $US/tonne) US$5492.0
-3.0
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price


AngloGold Limited (19 May 2000)

Lion Selection Group is pleased to announce that the legal challenge by Mobrama Gold Corporation against the Tanzanian Government has been dismissed. Mobrama was challenging the right of the Government to grant Afrika Mashariki Gold Mines, a wholly owned subsidiary of East African Gold Mines Limited (EAGM), the Mining Licence containing the Nyabirama gold deposit.
As previously announced, the North Mara project has a gold reserve of 2.2 million oz/au (19.6mt @ 3.5g/t) contained within a resource of 3.6 million oz/au (41.3mt @ 2.7g/t).


Ashton Mining (19 May 2000)

Ashton Mining of Canada Inc ("AMCI") announced the start of the 2000 Superior craton exploration program in eastern Canada. The current program will build on AMCI's existing exploration initiatives in this region, both in Quebec and in the western portion of the craton.


Beaconsfield Gold NL (19 May 2000)

Update on Gold Production at the Beaconsfield Mine

Implementation of the plan to bring the ore treatment plant up to design production during the June 2000 quarter is ongoing but results to date have been encouraging.

All four of the primary bacterial oxidation tanks are now operating following repairs to the agitator gearboxes and significant increases in oxidation levels and gold recovery are now occurring.

For further information, please click here


BeMaX Resources (19 May 2000)

BeMaX to commence new Drilling Program

I wish to advise that the Board of BeMaX (BMX) has approved the commencement a new drilling program in the Murray Basin as part of it's 'earn in" requirements with Basin Minerals NL on Exploration Licenses 5532 and 5578. These licenses are adjacent to and to the South-East of Exploration License 5474, which contains the Ginkgo deposit. For further information, please click here


Bligh Oil & Minerals (19 May 2000)

Bligh advised the execution of a seismic option and farmout agreement with Chevron Niugini Limited, concerning a portion of Bligh's interest in PPL 206. Bligh controls a 48.00% participating interest (50.00% of cost through the drilling of the first well) in PPL 206 through its wholly owned subsidiaries, Bligh Kanau Limited and Bligh Papua Limited. The Permit is operated by Santos Niugini Exploration Limited.
PPL 206 is located in the Foreland area of the Papua New Guinea Basin, adjacent to the Kutubu and Gobe fields in the Fold Belt, which lie 25 kilometres to the north and northeast respectively. The Koko gas discovery, drilled in 1999, lies 40 kilometres to the southwest. The northeast corner of the Permit is traversed by the proposed path of the PNG-Queensland gas pipeline.


Central Pacific Minerals / Southern Pacific Petroleum (19 May 2000)

The Boards of Southern Pacific Petroleum N.L. (SPP) and Central Pacific Minerals N.L. (CPM), (the Companies), announced the election of Ms Jennifer A McFarlane as Deputy Chairman of the Companies. In this role she will work with Sir Ian McFarlane, Chairman, and James D McFarland, Managing Director, in identifying candidates for non-executive board positions.


Cluff Resources (19 May 2000)

Cluff has received approval from the Department of Mineral Resources to proceed with the Company's large scale bulk sampling program at the Gloucester Ruby Project. Accordingly the Company's large scale bulk sampling program will commence immediately with results of the program to be released on a regular basis.
It will involve the mining of 80,000 carats of ruby and 40,000 carats of sapphire which is expected to involve the extraction of approximately 10,000 tonnes of gravel, with processing at 100 tonnes per day in an operation expected to take approximately six months with a total cost of $250,000.


Coal & Allied Industries (19 May 2000)

Novacoal Australia Pty Ltd (a wholly owned subsidiary of Coal & Allied Industries Limited) and Macquarie Generation have settled, on confidential terms, their contractual dispute which was to have been heard in the New South Wales Supreme Court on 15 May 2000. They look forward to an amicable and mutually productive working relationship in the future.


Conquest Mining (19 May 2000)

Conquest announced that it has entered into a heads of agreement with Sagrada Pte Ltd ("Sagrada") to acquire 100% of the issued capital of ITGARP Pty Ltd ("ITGARP"). Sagrada, a company incorporated in Singapore, currently holds all of the issued share capital in ITGARP. ITGARP is a technology business development company that has intellectual property in both old and new world technologies.


Crest Magnesium (19 May 2000)

Shareholders are offered a non-renounceable entitlement to one new share for every one share held at an issue price of 7 cents.
Applications must be lodged by 5:00 pm (Western Standard Time) on 22 June 2000. This issue is not underwritten.

PURPOSE OF THE ISSUE
The funds raised by this Issue are intended to be applied as follows:

(a) $1,800,000 approximately to Multiplex;
(b) $750,000 to UTI/VAMI(Annual Technology Licence fee. Payment due July 2000),
(c) $1,200,000 applied to working capital;
(d) $5,000,000 applied to progressing the Bankable Feasibility Study or in introducing a third party or parties to the Project;
(e) $25,000 approximately raising costs of the issue.


Emperor Mines (19 May 2000)

Emperor advises that its operations in Fiji are currently unaffected by the reported coup.
At this stage no disruptions are anticipated at the Vatukoula Mine which is situated on the northwest coast, approximately 380 kilometres from Suva by road.


Fimiston Mining (19 May 2000)

The Company received official notification from the Australian Securities and Investments Commission of the change of name to "Fimiston Resources and Technology Limited".


First Australian Resources (19 May 2000)

SOUTH DREW FIELD, OUACHITA PARISH, LOUISIANA
The Vaughn Cotton Valley sand (between 9,568 and 9,580 feet) in the Silmon etal #1 well, has been fracced and is currently flowing back gas, condensate and frac fluid with a gas flare to 18 feet.
The well has tested 1.07 million cubic feet of gas and 15 barrels of condensate per day on a 16/64 inch choke and flowing tubing pressure of 852 psi. Technical difficulties experienced during the frac job have affected the potential flow rate. The operator believes the well is capable of higher rates and will monitor production after remaining frac fluid has unloaded.


Golden Valley Mines (19 May 2000)

GVM advised that drilling utilizing two drilling rigs is under way at its Tumpangpitu prospect in East Java, Indonesia. The programme of exploration, including a planned 1500 metres of drilling, is being undertaken in accordance with the terms of the Heads of Agreement ("HoA") entered into with Placer Dome Inc earlier this year (see announcement dated 17 February 2000).
The purpose of the drilling is to test for strike extensions of the high sulphidation mineralization previously intersected in hole GT005 (65m @ 2.2 g/t Au, 14 g/t Ag).


Heron Resources (19 May 2000)

Heron has this week received a number of significant drill results from the Goongarrie Nickel Project. Ongoing drilling at the Project has returned exceptionally high grade intercepts of nickel and cobalt mineralisation, between depths of 12 and 75 metres.
Since the release of the March 2000 Quarterly Report on 30 April 2000, Heron has engaged a second drilling contractor to expedite Resource Definition Drilling at Goongarrie. Results have been received for an additional 62 drill holes completed on an 80 x 80m pattern (GSRC287-335, 401-413, average depth 53m). Drill hole coverage is on high grade targets previously identified at Goongarrie South, with the current program planned for completion in late June 2000.

Results from the current drilling program will permit the estimation by independent consultants of an Indicated Mineral Resource for the Goongarrie Nickel Project, for use in the Centaur Mining & Exploration Ltd Cawse Stage IT Pre-feasibility Study, scheduled for completion in July 2000.

Drilling to date at Goongarrie South confirms two high grade and parallel NNW trending zones, both exceeding 1,200 metres in strike length, and highlighted with "metre percent" values commonly above 20m.% NiCo. Elsewhere in Australia, 10m.% NiCo is considered a good outcome in nickel-cobalt laterite exploration. In terms of Australian dry nickel laterites, the Goongarrie South discovery is evolving with the current drilling into an exceptionally well mineralised occurrence.


Iluka Resources (19 May 2000)

Mr Hamish Bohannan has been appointed Executive General Manager Operations with effect from July 3, 2000.
Mr Bohannan (43 years) is a mining engineer with extensive experience in both underground and open cut mining.


Kimberley Diamond Co (19 May 2000)

KDC wishes to advise of amendments to the following agreements.

1. NAMAKWA DIAMOND PROPERTY - SOUTH AFRICA
The grant of the tenement licence has been unduly delayed due to overlapping claims covering the same area. KDC expects the permit to be granted in the near future once the competing claims are resolved.
As a result of the delay, John Firth of Namakwa Diamond Company NL (50 percent owned by KDC) has renegotiated the purchase price reducing it from R5 million (A$1.25 million) to R3.5 million ($0.875 million), payable within six months of the date of grant of the permit. KDC is confident the permit will be issued.

2. TENEMENT E04/728 - AURIDIAM CONSOLIDATED NL
KDC had an option to acquire this tenement, adjacent to the Ellendale Field, from Auridiam upon payment of the sum of $2.5 million. KDC has withdrawn from this option.
An agreement has now been reached whereby KDC has been credited with its past inground expenditure entitling it to a 34 percent interest in the tenement.
KDC has until 15 December 2002 to earn a 51 percent interest in the project by expenditure of a further $595,000.
KDC can earn an additional 9 percent (increasing its interest from 51 percent to 60 percent) by spending a further $630,000 before 15 December 2003, whereafter KDC and Auridiam have the choice of contributing pro rate to further expenditure or diluting their respective interests.


Legend Mining (19 May 2000)

Results from RC drilling carried out at Carlow Castle last month have now been received, and confirm the presence of significant copper, gold and cobalt mineralisation. An identified mineral resource has been estimated for the Carlow South zone, which was discovered by Legend less than a year ago in a flat soil-covered area several hundred metres south of the historic high grade copper workings.

A resource estimate has been calculated - Main Lode Halo:
Total - 1.24 million tonnes at 0.75g/t Au, 0.50% Cu to 100m depth (Inferred)
These mineral resources contain approximately 57,000 ounces of gold and 7,470 tonnes of copper. A metallurgical testwork programme to establish treatment and recovery parameters is underway.


Marlborough Resources (19 May 2000)

An additional drilling programme has commenced on the Yithan Lead (Ardlethan Tin Project ). It is expected that this 102 hole programme will result in additional tin resources being defined.


Mineral Commodities (19 May 2000)

Due to limited cash reserves to meet our ongoing obligations and repay the facility to New Hampton Goldfields, the board recommends that shareholders approve the sale of our interests in the Mungari West Joint Venture (which includes the White Foil Deposit).
A tender process has commenced with the logical gold industry participants in the region and given the shortage of resources within the area compared with plant capacity, we are optimistic that a suitable price will be offered for Mineral Commodities interest in the joint venture.
Upon completion of the tender process, which is subject to shareholders approval, the company should have sufficient cash reserves to continue development of its Queensland interests - including the Trekelano copper/gold deposit - and pursue other opportunities.


Mosaic Oil (19 May 2000)

Silver Springs Testing Program (OLD)-Tinker 1 (Mosaic 100%).

Mosaic has mobilised a rig and testing equipment to use various methods to stimulate, test or bring back onto production various wells in the Silver Springs area owned 100% by Mosaic Oil N.L.
The Tinker 1 well was shut-in since 1994 after four months of production. A wellhead has been installed and the well has been successfully brought on production on control flow for over two weeks at a rate of 1.3 million cubic ft/day with a surface wellhead flowing pressure of 1,700 psi. Downhole tests will be conducted in the next month to ascertain reserves accessible from this well.


Norwest Energy (19 May 2000)

AEC International has advised the AC/P22 Joint Venture that the semisubmersable drilling rig "Ocean General" reached location at 0100 hrs (Central standard time) today. Present operation, running anchors.
Puffin-5 will test the Puffin-1 Updip Prospect which has P50 potential recoverable reserves of 75 million barrels. The well is 1.1kms northwest and updip of Puffin-1 which intersected a 2 metre oil column in the Lower K1a a Sand in 1973. Puffin 1 recovered about 20 litres of oil from a wireline testing tool while Puffin 2 drilled in 1974 on a drillstem test flowed 4609 Barrels of oil per day.


Petsec Energy (19 May 2000)

GRAND ISLE 45 A-2
The flowline has been installed and the well was brought into production on 11 May 2000. On initial test the well flowed at the rate of 2.351 million cubic feet of gas and 208 barrels of condensate per day through a 10/64" choke at 4,170psi flowing tubing pressure.


Pancontinental Oil & Gas (19 May 2000)

The Philippines National Oil Company (PNOC), as operator of the Aparri Basin GSec 84 Joint Venture has advised that at 6.00am, 19 May 2000, (Philippines time) 11 days after spudding, the Fuga 1 exploration well has reached a depth of l815 feet (553.2 metres).
On reaching 553.2m, electric logs were run and 13(3/8)' (340mm) casing run and cemented to that depth. The electric log data over the zones with anomalous hydrocarbon shows previously encountered during drilling are being reviewed by the operator.


Pima Mining (19 May 2000)

The Directors of Pima advise that its 80% owned subsidiary, SAMAG Limited ("SAMAG") has entered into a Memorandum of Understanding ("MOU") with the Government of South Australia ("SA Government").

Key elements of the MOU include:


Redfire Resources NL (19 May 2000)

Redfire Resources NL wish to advise that the name of the company has been changed to Redfire Resources Ltd following effective registration with ASIC of the change of status from NL to Ltd.


Roc Oil (19 May 2000)

As of 06:00am on 17 May 2000, the Keddington 2 well had reached a depth of 2,284 metres in 6(3/4) inch hole. The operation at that time was running in hold and rig service following a trip to change the bit. The well is planned for a total depth of 2,700 metres (2,194 metres TVD). Keddington 2 is an onshore well targeting basal Westphalian Sandstones.


Sabre Resources (19 May 2000)

Ronald Edward Barrett retired as a Director of Sabre Resources Ltd effective May 11th 2000.


Santos (19 May 2000)

SUMMARY OF DRILLING

Moomba 113 - Preparing to drill ahead. Current depth is 2268m with 1739 progress for the week

Della 20 - Della 20 has been cased and suspended as a future
Permian gas producer. The well reached a total depth
of 2019m with no progress for the week. The rig was
released on 13/05/2000 and moved to Della 22, a gas
development well.

Della 22 - Nippling up blow out preventors have set surface
casing. Current depth and progress for the week is
617m. The well spudded on 16/05/2000.

Challum 16 - Challum 16 DW1/DW2 has been completed as a gas
producer from the Permian age Toolachee Formation.
The rig was released on 15/05/2000 and is currently
moving to Challum 18DW, a dual lateral high angle gas
development well.

West Mereenie 17 - Moving rig onto location. Expecting to spud well
early next week.


Tap Oil (19 May 2000)

The Harriet Charlie-4 appraisal well spudded at 23.30 hours on 10 May 2000.

LOCATION
The well is located in TL/1, 8.5 kilometres northeast of Varanus Island at latitude 20deg 35'25.2"S and longitude 115deg 37'33.0"E.

PROGRESS
The well reached its total depth of 2,593 metres measured depth (2,009 metres true vertical depth) at 15.00 hours on 17 May 2000. A 3.9 metre oil column was intersected and hence the well is now being completed for the production of oil. The well is planned to commence first oil production mid next week.
A reserve estimate will be made in due course.


Thiess / BHP (19 May 2000)

PT Thiess Contractors Indonesia, a subsidiary of Thiess Contractors Pty Ltd has entered into a long term contract with PT Arutmin for the whole of mine operations at the Senakin and Satui coal mines in South Kalimantan, Indonesia, PT Arutmin is 80% owned and managed by BHP, with the balance held by the Indonesian Bakrie Group. This contract is valued at approximately AUD$800M (US$480M) over a five year period.
Under the terms of the contract, Thiess will be responsible for the complete operation of each mine, from mine planning through to product loadout, which will total approximately 9.5 million tonnes per annum.


Xenolith Gold (19 May 2000)

The following information was today released to the North American market with respect to the above project in which Xenolith has an indirect interest via its equity in Kookaburra Resources Ltd and KOB Energy Inc;

EAST LOST HILLS, CALIFORNIA


Thursday 18th May 2000 (Close of Business)
All Ords 3011.9
-28.2
 
Dow Jones 10777.28
+7.54
ASX200 3044.90 -30.0 S&P 500 1437.21 -10.59
All Resources 1213.5
-1.2
Nasdaq 3538.71
-106.25
All Mining 620.1
-2.9
Gold - spot/oz US$272.90
-0.20
All Gold 687.9
-3.4
Silver - spot/oz US$5.01
+0.02
Energy 1372.7
+31.5
Platinum - spot US$526.00
+19.00
All Industrials 5273.3
-57.3
Bridge CRB Index 222.01
+1.35
FTSE 100 6232.90 +36.70 Crude Oil (NYMEX) US$30.22 +0.78
Nikkei 17,031.63 -372.40 Copper (LME $US/tonne) US$1837.0 +8.0
Hang Seng 14,322.60 -505.21 Lead (LME $US/tonne) US$403.5 +0.5
A$ = US57.01c
+0.28
Zinc (LME $US/tonne) US$1167.5
-3.5
A$ = 62.01yen
-0.14
Nickel (LME $US/tonne) US$10,585.0
+80.0
A$ = 0.636Euro
-0.02
Aluminium (LME $US/t) US$1510.0
-3.0
US 30-Year Bond 6.231% +0.057 Tin (LME $US/tonne) US$5495.0
+15.0
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price

Boulder Steel Limited (18 May 2000)

STILLWATER PGM JOINT-VENTURE, MONTANA, USA

Boulder Steel is pleased to announce that formal Montana State approval was granted for a drilling programme on a joint-venture project with Idaho Consolidated Metals Corp (ICMC) in the Stillwater Complex. The drilling programme, to be carried out by ICMC, will explore for Platinum Group Metals (PGM) on ground that was previously drilled and shown to contain significant nickel/copper/cobalt mineralisation.


Comet Resources NL (18 May 2000)

Comet Resources are pleased to announce the appointment of Deutsche Bank and JB Were & Sons as joint equity advisers to the Company.


Comet Resources NL (18 May 2000)

Comet and QNI Pty Ltd, a wholly owned subsidiary of Billiton Plc, have signed an agreement whereby QNI have purchased a 40% interest in the Ravensthorpe Nickel Project, confirming the transaction announced on 5 April 2000.


Empire Oil and Gas NL (18 May 2000)

ROUGH RANGE NO 1B

At 0600 hours on 17 May 2000 the Company is finalising the cementing of 7" casing and is to run the completion equipment including 3 (1/2)" production tubing in the well before perforating the top of the oil pay zone and conducting production testing. Testing of Rough Range 1B is planned to commence Saturday 20 May 2000.


Majestic Resources NL (18 May 2000)

Majestic Resources have pleasure in announcing results of the first phase of the bulk sampling programme on two locations and the extension of the exploration programme to another location at the Pniel Estate Diamond Project, Kimberley, in the Republic of South Africa.

BULK SAMPLING OF THE UPPER TERRACE PLATEAU GRAVELS

This area is located along the southern boundary of the Pniel Estate, where approximately 17.0 million tonnes of near surface "Rooikoppie" style gravels have been identified. The area extends for some 20 kilometres in length by approximately 1.5 kilometres in width, covering an area of 2,800 hectares (6,900 acres). To date, only 20% of the area has been bulk sampled.

Sampling commenced at the end of January 2000 and by mid May 2000, 16,328 tonnes of gravels had been processed through a single 14 foot Pan Recovery Plant. A total of 119 diamonds were recovered weighing 163.79 carats. This equates to a recovery rate of 1.0 carat per 100 tonnes. Sizes recovered ranged from 16.36 carats to 0.04 carats, with 47 diamonds above 1.0 carats and 113 diamonds above 0.1 carats.

The bulk sampling programme will continue until at least 5 million tonnes has been outlined as a potential mineable resource, within the 2,800 hectare area.

BULK SAMPLING OF THE DROOGEVELD EXTENSION GRAVELS

This area is located near the south-western boundary of the Pniel Estate, where approximately 5.0 million tonnes of palaeochannel style gravels, intermixed with a significant amount of calcrete has been identified. Six pits were dug within the 5 kilometre palaeochannel that runs north to south across the Estate. A total of 20,705 tonnes of gravels were processed between January and April 2000 through a twin 14 foot Pan Recovery Plant. To date 15 diamonds have been recovered weighing 35.39 carats, with sizes ranging from 9.61 carats to 0.46 carats.

Further testing of this area is under consideration.

NATAL KOPJE EXPLORATION RESULTS

This area is located on the north-western boundary of the Pniel Estate, and is adjacent to the Droogeveld System that was extensively mined in the early 1900's.

To date, a series of narrow palaeochannels have, been identified trending in an east-west direction. The Directors believe that the style of gravels is different to the Droogeveld Extension and the Upper Terrace Plateau Gravels. Initial bulk sampling yielded 5 diamonds, weighing 4.11, 1.15, 1.06, 0.42 and 0.36 carats.

A detailed trenching and drilling programme will continue to outline the extent of the palaeochannels in this area.


Thunderbolt Resources NL (18 May 2000)

Shareholders unanimously endorsed the change of the company's name from Thunderbolt Resources NL to Admiralty Resources NL at the general meeting of shareholders on Monday 15 May 2000. Please note that the company's ASX code will change from "TBT" to "ADR" in the next few days.


Tectonic Resources NL (18 May 2000)

Tectonic Resources is pleased to announce that a 17 hole follow-up Reverse Circulation (RC) drilling programme at the RAV 8 Nickel Project, aiming to test the full extent of near surface orezone extensions discovered in first pass grade control drilling, has resulted in all holes intersecting mineralisation outside the currently defined ore reserve.


Woodside Petroleum Limited (18 May 2000)

Woodside Petroleum advises that it has received a confidential proposal from the Shell Group of Companies that Woodside acquire a portfolio of upstream assets primarily in Australia. The proposal as presently formulated would involve the issue of additional shares in Woodside bringing Shell's total shareholding to 60%.


Precious Metals Australia Limited (18 May 2000)

Metal Bulletin - Thursday, 11 May 2000

World’s largest vanadium project close to 75% of capacity

NOBLE ALLOYS FROM JOHN VAN OS IN PERTH

The joint-venture partners in the world’s largest vanadium project, Precious Metals Australia and Xstrata of Switzerland, are confident that the Windimurra operation 550km northwest of Perth in Western Australia will be producing at 75% of design capacity next week, just six months after commissioning began.

In full production the A$120m mining and processing operation will produce some 17m lb per year of 99.5% V2O5 in fused flake or about 12% of the current world vanadium market. PMA’s Tom Heaton told MB at the official opening on May 8, carried out by WA’s resources minister, Colin Barnett, that the plant is currently producing at a rate of 8 tpd, but that this would rise to 15 tonnes next week after problems in the flash burner had been fixed.

For further information, please click here

Wednesday 17th May 2000 (Close of Business)
All Ords 3040.1
-12.9
 
Dow Jones 10769.74
-164.83
ASX200 3074.80 -14.4 S&P 500 1447.80 -18.24
All Resources 1214.7
-2.2
Nasdaq 3644.96
-72.61
All Mining 623.0
-2.6
Gold - spot/oz US$273.10
-2.40
All Gold 691.3
+0.5
Silver - spot/oz US$4.99
-0.09
Energy 1341.2
+43.7
Platinum - spot US$507.00
-6.00
All Industrials 5330.6
-25.0
Bridge CRB Index 220.66
-0.49
FTSE 100 6196.20 -122.20 Crude Oil (NYMEX) US$29.44 -0.21
Nikkei 17,404.03 -147.22 Copper (LME $US/tonne) US$1824.5 +1.5
Hang Seng 14,827.81 -332.48 Lead (LME $US/tonne) US$407.0 -3.5
A$ = US56.78c
-0.98
Zinc (LME $US/tonne) US$1173.0
-6.0
A$ = 62.15yen
-1.1
Nickel (LME $US/tonne) US$10,550.0
-82.5
A$ = 0.634Euro
-0.08
Aluminium (LME $US/t) US$1510.5
-1.5
US 30-Year Bond 6.174% +0.068 Tin (LME $US/tonne) US$5530.0
-10.0
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price


Audax Resources NL (17 May 2000)

The appeal by Mark Creasy and Australian Resources Ltd (in liquidation), to the Full Bench of the Supreme Court of Western Australia challenging the decision of the Minister for Mines to grant a title to Hot Holdings Pty Ltd over the Bronzewing South ground, will be heard on Tuesday 23rd May.


Anaconda Nickel Limited (17 May 2000)

Anaconda has announced the discovery of a major water resource, located 400 kilometres North East of Kalgoorlie with enough water capable to service Perth for the next 4000 years.

Discovered while exploring for new water reserves necessary to extend Anaconda Nickel's nickel processing facilities within the region, the discovery - Officer Basin - extends from 50 to 2000 metres deep, 700 kilometres long by 200 kilometres across and has a total surface area of 200,000 square kilometres.

The water quality varies between 1200 and 2000 mg/L total dissolved solids, which can be used directly in processing or agricultural use.


Ashton Mining Limited (17 May 2000)

CHAIRMAN APPOINTED HEAD OF FEDERAL CABINET POLICY UNIT AND SECRETARY TO CABINET

Prime Minister, Mr Howard announced the appointment of Ashton Mining's Chairman Mr Paul McClintock as the new Head of the Cabinet Policy Unit and Secretary to Cabinet. Mr McClintock has experience across a range of public and private sector entities, extensive knowledge of business in Asia and strategic skills. As a result of the appointment Mr McClintock is required to resign from his commercial positions including his role as non-executive Chairman of Ashton Mining.


Hardman Resources NL (17 May 2000)

Hardman Resources provides an update on the Fuga # 1 exploration well, Philippines to 06:00 hours, 16 May 2000:-

The well has been drilled to a depth of 527 metres in 17(1/2) inch (444.5 mm) hole size.

The geology encountered comprises a sequence of interbedded claystone, siltstone and sandstone. Minor background gas up to 0.9% C1 have been recorded whilst drilling from 306 metres to 527 metres.


Norwest Energy NL (17 May 2000)

Norwest announces that Puffin-5 is expected to commence drilling on Friday 19th May.

The operator, AEC International (Australia) has informed the Joint Venture that it will take possession of the semi-submersible drilling rig "Ocean General" by Wednesday 17th May and that Puffin-5 is expected to spud on Friday 19th May 2000.


Santos Limited (17 May 2000)

Santos Offshore Pty Ltd has succeeded in its bid with Woodside Energy Ltd to jointly acquire the interests of The Shell Company of Australia in VIC/RL2 (Kipper). The companies' offer for the interest has not been pre-empted by the other joint venture parties.


Santos Limited (17 May 2000)

Santos advises that Chevron Niugini Limited has farmed-in to the PPL 206 permit in Papua New Guinea to acquire an interest of 40%.

This permit operated by Santos is located in the PNG foreland, immediately to the south of the Kutubu oil field.


WMC Limited (17 May 2000)

WMC's Queensland Fertilizer Operation has brought forward and begun the shutdown previously planned for June. This follows an inspection of reactor agitator blades in the phosphoric acid plant by the vendor, Mitsui-ABB-Clough, who has decided to modify the housing supporting the blades.

Tuesday 16th May 2000 (Close of Business)
All Ords 3053.1
+34.4
 
Dow Jones 10934.57
+126.79
ASX200 3089.20 +38.1 S&P 500 1466.04 +13.68
All Resources 1216.9
+24.2
Nasdaq 3717.57
+109.92
All Mining 625.6
+3.4
FTSE 100 6318.40
+70.70
All Gold 690.8
-1.9
Nikkei 17,551.25
+237.56
Energy 1297.5
+16.6
Hang Seng 15,160.29
+278.99
All Industrials 5355.6
+52.3
Gold - spot US$275.50
+0.40
A$ = US57.76c
+0.43
Silver - spot US$5.08
+0.07
A$ = 63.25yen
+0.52
Platinum - spot US$513.00
+3.00
A$ = 0.642Euro
+0.013
Bridge CRB Index 221.98
+1.17
US 30-Year Bond 6.106% -0.059 Crude Oil (NYMEX) US$29.65
-0.08
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price


Ashanti Goldfields (16 May 2000)

Ashanti announced that its wholly owned subsidiary, Ashanti Goldfields Teberebie Limited ("AGTL"), has reached agreement with Pioneer Group Inc ("Pioneer") on the acquisition (the "Acquisition") of a 100% interest in Pioneer Goldfields Limited ("PGL") from Pioneer Goldfields II Limited ("PGL II"), a wholly owned subsidiary of Pioneer.
PGL's principal asset is its 90% interest in Teberebie Goldfields Limited ("TGL"), which in turn owns 100% of the Teberebie gold mine located in Ghana, West Africa. Through the Acquisition, Ashanti acquires the Teberebie gold mime, which is located adjacent to Ashanti's Iduapriem gold mine. The Iduapriem mine is 100% owned by Ghanaian-Australian Goldfields Limited ("GAG), which is 80% owned by Ashanti and 20% owned by the International Finance Corporation.


Ausmelt (16 May 2000)

Ausmelt announced the signing of a new agreement with Korea Zinc Co Ltd, the world's largest zinc producer. Korea Zinc has operations in Onsan (Korea), the USA and has recently commissioned the world's most modern zinc plant in Townsville, Australia through its subsidiary, Sun Metals Corporation. The Prime Minister, John Howard, will officially open the Townsville plant tomorrow.
Korea Zinc, widely recognised as a low-cost zinc producer with a reputation for successfully adopting leading-edge technologies, is to install three additional Ausmelt Technology furnaces at its Onsan Metallurgical Complex.
The first two of the new furnaces will form a new plant for recovery of lead and zinc from lead tailings and zinc residue at a feed rate of 100,000 tonnes per annum. The third furnace will be employed to enhance the Korea Zinc's capacity to treat slag from the existing lead smelter.


BeMaX Resources (16 May 2000)

Ms Jayne Steele has resigned as Company Secretary as at 15 May 2000.
Ms Sharon Ditchburn has been appointed as Company Secretary on 15 May 2000.


Black Range Minerals (16 May 2000)

The Board has accepted the resignation of Mr Alistair Cowden as a director of Black Range Minerals NL and its subsidiary companies, with effect from 12 May 2000.


Conquest Mining (16 May 2000)

Shareholders of Perth-based diamond exploration company Conquest Mining have overwhelming endorsed the acquisition of Durack Resources Pty Ltd. Conquest will acquire Durack Resources for $650,000 and the allotment and issue of 7 million shares and 7 million option.
Durack is the registered holder of Smoke Creek, located in the Kimberley mineral field of Western Australia. The Smoke Creek tenement completes Conquest's portfolio of ground now surrounding the Bow River alluvial processing plant.


Dome Resources / Durban Roodepoort Deeps (16 May 2000)

Durban Roodepoort Deep, Limited increased its relevant interest in Dome Resources NL on 09/05/2000, from 103,282,962 ordinary shares (71.71%) to 119,945,983* ordinary shares (83.28%).


Duketon Goldfields Limited (16 May 2000)

Exercise of First Option to Acquire 10% of GeneType

The Company is pleased to announce that in accordance with the Call Option Deed dated 14 April 2000 that it has exercised its First Option to acquire 10% of GeneType.

GeneType comprises a group of biotechnology companies with headquarters in Switzerland, which have made significant discoveries over the last 10 years in the field of advanced DNA genetics. This work was conducted in USA and Australia and has led to several broad gene-based patents now held by GeneType. In 1998, GeneType was awarded a multi-million dollar START grant by the Australian Government to support development of GeneType’s advanced DNA research in Australia. GeneType already operates the largest fully accredited testing laboratory in Australia for performing disputed paternity testing by DNA techniques. The current investment by the Company will encourage pursuit by GeneType of several new opportunities protected by its patents in the areas of human, animal and plant genetic diagnostics and genomics.

For further details click here


Equatorial Mining (16 May 2000)

Mr. Leigh L. Hall has been appointed as a director of Equatorial


Goldfields Kalgoorlie / Goldfields (16 May 2000)

Goldfields Kalgoorlie Limited (ASX:GKL) today announced that it will propose a selective capital reduction at an Extraordinary General Meeting (EGM), to be held late June 2000.
Goldfields Limited (ASX:GLD) currently owns 87.7% of GKL's issued capital. The next largest stake is held by the QBE Group (11.4%) while the remaining 0.9% is held by over 1,000 shareholders, with many holding unmarketable parcels.
If approved by shareholders, the capital reduction will result in the cancellation of the shares in GKL held by shareholders other than Goldfields Limited and its subsidiary for a cash payment of 55 cents per GKL share.
Following successful implementation of the capital reduction, GKL will be delisted and become a wholly-owned subsidiary of Goldfields Limited.


Gold Mines of Sardinia (16 May 2000)

Due to limited levels of trading in the shares of Gold Mines of Sardinia Limited on the Luxembourg Stock Exchange, the Company has today de-listed its shares from that exchange.


Mincor Resources (16 May 2000)

Mincor has completed a resource estimate of the copper and gold mineralisation at the Reko Diq Project in Pakistan.
The resource estimate is based on data produced by drilling and surface sampling completed by BHP during the mid-1990's.
Mincor's resource estimations for the H4 Project confirm its earlier view that there is as yet insufficient data with which to calculate a Resource to the standards set by the Joint Ore Reserves Committee of The Australasian Institute of Mining and Metallurgy, The Australian Institute of Geoscientists and the Minerals Council of Australia (the JORC Code). Nevertheless, based on the 16 drill holes into the mineralisation, Mincor believes that a resource of approximately 60 million tonnes at a grade of about 0.9% copper is a reasonable target.


Oil Search Limited (16 May 2000)

Oil Search announced its intention to conduct an on-market share buyback of up to 3% of its issued shares. The buyback is to be undertaken in line with the "capital management programme" referred to in the recent CPS 2000 prospectus. The buyback period will commence on 22nd May 2000, and is expected to be completed by 31st December 2000.


Stirling Resources (16 May 2000)

The Operators of the Fuga-1 exploration well, Philippine National Oil Corporation (PNOC) currently being drilled on Fuga Island, Northern Luzon, the Philippines, have advised they have now reached the 900 feet mark.

In an earlier release the PNOC advised they had entered an agreement with Shell Philippines Exploration BV (Spex). The agreement gives Spex, following completion of Fuga-1, the option to assume operatorship, and acquire 50% of PNOC's (78.78%) interest, for the possible joint development of the natural gas that may follow from the success of Fuga-1. Shell currently has an extensive presence in the Philippines.

Monday 15th May 2000 (Close of Business)
All Ords 3018.6
+14.6
 
Dow Jones 10807.78
+198.41
ASX200 3051.1 +16.3 S&P 500 1452.36 +31.40
All Resources 1192.7
+4.6
Nasdaq 3607.65
+78.59
All Mining 622.2
-1.8
FTSE 100 6247.70
-35.80
All Gold 692.7
+2.1
Nikkei 17,313.69
-44.17
Energy 1280.9
+10.0
Hang Seng 14,881.30
-230.64
All Industrials 5303.2
+26.6
Gold - spot US$275.10
-0.50
A$ = US57.33c
-0.64
Silver - spot US$5.01
+0.01
A$ = 62.73yen
-0.38
Platinum - spot US$510.00
-4.00
A$ = 0.629Euro
-0.003
Bridge CRB Index 219.98
-0.76
US 30-Year Bond 6.165% -0.034 Crude Oil (NYMEX) US$29.73
+0.34
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price


Ashanti Goldfields Company Limited (15 May 2000)

FIRST QUARTER OVERVIEW

Group gold production for the first quarter of 2000 was 417,849 ounces, 14,849 ounces ahead of the 403,000 ounce target, and 15,698 ounces, up by 4% on the corresponding period in 1999. Group cash operating cost for the quarter was US$197 per ounce, 7% lower than the US$211 for the corresponding period last year.

The pace of construction at Geita Accelerated, and a completion level of 90% was achieved by the end of the first quarter. Commissioning is expected to start in late May and first gold production is expected by the end of the second quarter.

The Group lost time injury frequency rate improved from 3.0 for the first quarter 1999 to 2.14 for the first quarter 2000.

Earnings for the quarter were US$6.9 million (US$0.06 per share). Despite strong production and operating cost performance, earnings were US$14.6 million lower than the first quarter of 1999, due entirely to a lower realised gold price of US$345 per ounce (31 March 1999; US$380 per ounce). The realised price was nevertheless US$5.5
per ounce higher than the average spot price for the quarter due to the proceeds of Ashanti's hedging programme.

During the quarter, Ashanti concluded agreements with its Bank lenders and hedging counterparties which provide (subject to certain conditions) for margin-free hedging up until December 2002 and for the provision of a US$100 million bridging facility to enable Ashanti to complete the Geita Project in Tanzania.

On 5 April, Ashanti concluded a non-binding Heads of Agreement with AngloGold Limited for the sale to AngloGold of a 50% interest in the Geita Project. Under the sale which is expected to be completed by the end of September 2000, AngloGold will pay Ashanti US$205 million cash and will secure an additional US$130 million of project financing for the Geita project. These proceeds will be used in repaying the senior bridge facility and other indebtedness, and are expected to materially reduce Ashanti's Group debt which stood at US$625.2 million at 31 March 2000.


Australian Kimberley Diamonds NL (15 May 2000)

North Ltd have advised AKD's subsidiary, Terrace Gold NL, that they have today commenced a diamond drilling program over copper and gold targets at Terrace's El Molino Cu-Au project in Peru.

El Molino borders North's Cu-Au porphyry deposit at the El Galeno project (405MT @ 0.59% Cu, 0.15g/t Au) where approximately 10% of the deposit exists within Terrace's ground at El Molino.

The diamond drilling program at El Molino will consist of 6 diamond drill holes totalling 1800 metres and is expected to take up to 7 weeks to complete.


Beach Petroleum NL (15 May 2000)

Beach Petroleum reports that Canterbury-1, located 40km northwest of the Inland Oil Field, was drilling ahead at 1,058 metres (3,471 ft). The well has a planned total depth of 2,250 metres (7,381 ft).

Interest holders in Canterbury-1 are:

IOR Exploration Pty Ltd (Operator) - 62%
Beach Petroleum NL - 23%
APS Oil Pty Ltd - 15%


Cluff Resources Pacific NL (15 May 2000)

The existing inferred resource of 4,600,000 carats of ruby (500,000 tonnes at 8 carats per tonne and 100,000 tonnes at 6 carats per tonne) extends over 1.5 kilometres of river flats and raised terraces. Recent work has confirmed the presence of ruby and sapphire 3 kilometres upstream from this inferred resource.


Delta Gold Limited (15 May 2000)

Production levels at Gold Ridge have been unaffected by a blockade on the public road ten kilometres from the capital, Honiara. Access to and from the mine by road has now recommenced following a voluntary suspension of travel on the road for three days. At no time during this period did supplies approach critical levels.


Empire Oil & Gas NL (15 May 2000)

Empire Oil and Gas through Rough Range Oil Pty Ltd is pleased to announce further progress on its Rough Range 1B Well from 0600 hours the 11 May 2000 to 0600 hours the 12 May 2000 is as follows:

Electric wireline logs run and evaluated have confirmed an oil saturated column of between 9 and 11 metres with the properties of the Birdrong Sandstone reservoir interpreted to be excellent, with porosities up to 26% and indicative permeabilities in excess of 1000 millidarcies. Both these parameters are suggestive of excellent oil low rates from the well.

Current operations at 0600 hours the 12 May 2000 were the running of 7" casing to total depth of 1155 metres and cementing prior to running 3(1/2)" production tubing.

Production testing of the well is programmed for the 16 and 17 May 2000.


Great Central Mines Limited (15 May 2000)

Please note that effective from today Great Central Mines Limited's share registry has been changed to:

National Shareholder Services Pty Ltd
100 Hutt Street
Adelaide SA 5000
Ph 08 8232 0003
Fax 08 8232 0072


Pasminco Limited (15 May 2000)

The Federal Court has struck out an application for a class action relating to alleged damage caused by the long term effects of lead emissions from Pasminco's lead and zinc smelters at Cockle Creek and Port Pirie.


Tap Oil NL (15 May 2000)

Tap Oil advises that the Harriet Charlie-4 appraisal well spudded at 23.30 hours on 10 May 2000.


WMC (15 May 2000)

Fourteen of the world's leading mining and metals companies today announced the creation of an independent, global internet- based procurement marketplace. The venture will create a platform to bring together mining and metals producers and suppliers in more than 100 countries and will provide unrivaled access to procurement sources worldwide.

It is anticipated that the expansive, open and neutral platform will transform the procurement practices of the mining and metals industry and bring significant benefits to both suppliers and buyers through standardization, transparency, streamlined transaction processes and improved inventory management.

The founding shareholders of the mining and metals procurement site include:
* Alcan Aluminium Limited
* Alcoa Inc.
* Anglo American Plc
* Barrick Gold Corp
* The Broken Hill Proprietary Company Limited (BHP)
* Compania Nacional del Cobre de Chile (CODELCO)
* Companhia Vale do Rio Doce (CVRD)
* De Beers Consolidated Mines Ltd.
* Inco Ltd.
* Newmont Mining Corporation
* Noranda Inc.
* Phelps Dodge Corporation
* Rio Tinto
* WMC Limited


Friday 12th May 2000 (Close of Business)
All Ords 3004.0
+37.2
 
Dow Jones 10609.37
+63.40
ASX200 3034.8 +38.4 S&P 500 1420.96 +13.15
All Resources 1188.1
+13.6
Nasdaq 3529.06
+29.48
All Mining 624.0
+7.5
FTSE 100 6283.50
+37.60
All Gold 690.6
+2.9
Nikkei 17,357.8
+475.4
Energy 1270.9
+25.4
Hang Seng 15,111.94
+619.02
All Industrials 5276.6
+66.1
Gold - spot US$275.60
+0.10
A$ = US57.97c
+0.13
Silver - spot US$5.00
unch
A$ = 63.11yen
+0.37
Platinum - spot US$514.00
-4.00
A$ = 0.632Euro
-0.009
Bridge CRB Index 220.74
+0.17
US 30-Year Bond 6.199% +0.052 Crude Oil (NYMEX) US$29.39
+0.45
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price


Precious Metals Australia (13 May 2000)

Hartley Poynton Limited - Precious Metals Australia (PMA) Speculative Buy) $0.24 – for details click here


Ross Mining (13 May 2000)

GOLD RIDGE OPERATIONS ON SOLOMON ISLANDS CONTINUE

Production levels at Gold Ridge have been unaffected by a blockade on the public road ten kilometres from the capital, Honiara. Access to and from the mine by road has now recommenced following a voluntary suspension of travel on the road for three days. At no time during this period did supplies approach critical levels. For details click here

Thursday 11th May 2000 (Close of Business)
All Ords 2966.8
-45.0
 
Dow Jones 10545.97
+178.19
ASX200 2996.4 -47.0 S&P 500 1407.81 +24.76
All Resources 1174.5
-1.5
Nasdaq 3499.58
+114.85
All Mining 616.5
-5.4
FTSE 100 6245.90
+145.30
All Gold 687.7
-4.0
Nikkei 16,882.46
-819.01
Energy 1245.5
+7.9
Hang Seng 14,492.92
n/a
All Industrials 5210.5
-91.5
Gold - spot US$275.50
-1.10
A$ = US57.84c
-0.34
Silver - spot US$5.00
unch
A$ = 62.74yen
-0.93
Platinum - spot US$518.00
+12.00
A$ = 0.641Euro
-0.003
Bridge CRB Index 220.57
+1.64
US 30-Year Bond 6.147% -0.018 Crude Oil (NYMEX) US$28.94
+0.89
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price

Caltex (12 May 2000)

Caltex Australia Limited said today the company would not restart the Kurnell fuels and lubricating oil refineries nor would it allow plant operators to return to work unless there is an assurance by the operators that there will be no further industrial action and that the dispute will be arbitrated by the Australian Industrial Relations Commission.


Dome Resources NL (12 May 2000)

Durban Roodepoort Deep, Limited has become entitled to an additional 178,500 ordinary shares in Dome Resources NL at a consideration as specified in the Offeror's takeover offers dated 13/03/2000.

Durban Roodepoort Deep, Limited has a total entitlement of 104,706,442 ordinary shares in Dome Resources NL.


Drillsearch Energy (12 May 2000)

Total group net revenue received during the 3 months ended 31st March, 2000, from petroleum sales and processing revenue was as follows:

Drillsearch Energy NL A.$16,404
Circumpacific Energy Corporation A.$689,701 (CAD.$634,524)

Total A.$706,105

HIGHLIGHTS

NATURAL GAS

CRUDE OIL

CANADA


Eastern Aluminium Limited (12 May 2000)

Alcoa increased its relevant interest in Eastern Aluminium on 10/05/2000, from 76,753,408 ordinary shares (69.84%) to 78,155,889 ordinary shares (71.12%).


Empire Oil and Gas NL (12 May 2000)

Empire Oil and Gas through its 100% owned subsidiary, Rough Range Oil is pleased to announce that the Rough Range 1B Well, at total depth of 1155 metres, has intersected a 9 metre oil column in the Birdrong Sandstone from 1098 metres to 1107 metres.

The Company plans to further evaluate the well using wireline logs and testing through 7" casing and 3(1/2)" tubing. The Company considers the well will flow at a very economical rate.


Hardman Resources NL (12 May 2000)

Nido Petroleum wishes to advise that the Fuga Island-1 well spudded at 0600 hours WST on Monday 8th May 2000. At last report (0600 hours 11th May) 20" casing had been run and the BOP stack had been installed. It is anticipated that drilling of 17.5" hole section will commence in the next 24 hours.


Kanowna Lights NL (12 May 2000)

The Company has received notice from the ASIC that the change of status of the Company from a 'no liability' company to a company 'limited by shares' has been approved.

The name of the Company is now KANOWNA LIGHTS LIMITED.


Kings Minerals NL (12 May 2000)

Coffee Gold NL changed its relevant interest in Kings Minerals NL on 25/05/2000, from 12,997,893 ordinary shares (19.59%) to 14,655,315 ordinary shares (14.40%).


Rimfire Pacific Mining NL (12 May 2000)

Rimfire Pacific Mining NL wishes to advise that the address of share registrar, Computershare Registry Services Pty Ltd, has changed from level 32, Central Plaza One, 345 Queen Street, Brisbane to Level 27, Central Plaza One, 345 Queen Street, Brisbane.


Rio Tinto Limited (12 May 2000)

Rio Tinto announced it has signed a Memorandum of Understanding with Nucor Corporation, USA and Lurgi Metallurgie to form a joint venture which, subject to a definitive cost study, will install a Hlsmelt plant at a Nucor facility in the United States.


Thunderbolt Resources NL (12 May 2000)

The Board of Directors of Thunderbolt Resources NL wishes to advise that the address of our share registrar Computershare Registry Services Pty Ltd has changed from Level 32, Central Plaza One, 345 Queen Street, Brisbane to Level 27, Central Plaza One, 345 Queen Street, Brisbane.


Ausmelt (11 May 2000)

Managing Director Mr Paul Abbott today departs for China to pursue opportunities for the Company's proven environmental solutions for the metal smelter and waste industries.


Austindo Resources (11 May 2000)

The Company is pleased to announce the results of the first three holes of the drilling programme that commenced at its Cibaliung Project in March. All three holes intersected the vein in the expected positions. Results included 10.5m @25.88 g/t Au and 193 g/t Ag, 8m @ 13.68 g/t Au and 153 g/t Ag, and 9.3m @ 8.11 g/t Au (Ag pending).


Caltex (11 May 2000)

Caltex Australia Limited said today the company would not restart the Kurnell fuels and lubricating oil refineries nor would it allow plant operators to return to work unless there is an assurance by the operators that there will be no further industrial action and that the dispute will be arbitrated by the Australian Industrial Relations Commission.
The refineries have been shut down as a result of the second strike by operators in three weeks. Further strike action his been threatened.


Durban Roodepoort / Dome Resources (11 May 2000)

Durban Roodepoort Deep, Limited, (DRD) has announced the appointment of Mr Charles Mostert, Chief Financial Officer and Chief Executive Officer, DRD Australasia, as Chairman of Dome Resources NL. Mr Barry Bolitho, DRD Australasia Manager of Operations, has also been appointed to the Dome Resources Board as Executive Director, Operations.
The appointments follow a Dome Resources Board meeting yesterday at which former Dome Resources Chairman, Mr Philip Kelso offered his resignation, and Mr Michael Silver resigned as Managing Director and was appointed a non-executive Director.


Electrometals Technologies (11 May 2000)

ASARCO ORDER/ BERKLEY PIT RESULTS

Electrometals is pleased to announce that ASARCO Inc. has placed an order for a commercial EMEW plant, to be installed to recover precious metals from waste streams in its Amarillo, Texas copper refinery. This plant, priced at $120,000., will not only enhance profitability at the Amarillo refinery, but will also be used by ASARCO as a demonstration plant to stimulate sales of similar plants to other companies. ASARCO entered into a marketing agreement with Electrometals in July 1999, and since that time has been active in promoting sales of the EMEW technology, especially to customers in the American copper refining and fabrication business. The new EMEW plant at Amarillo, which will be installed in September, 2000, should enable ASARCO to finalise negotiations already initiated with several customers in the USA for comparatively large commercial EMEW plants. Electrometals will earn substantial technology fees from these sales. For more information, click here.


Empire Oil & Gas (11 May 2000)

Empire Oil and Gas NL through its 100% owned subsidiary, Rough Range Oil Pty Ltd is pleased to announce that the Rough Range 1B Well, at total depth of 1155 metres, has intersected a 9 metre oil column in the Birdrong Sandstone from 1098 metres to 1107 metres.
The Company plans to further evaluate the well using wireline logs and testing through 7" casing and 3(1/2)" tubing. The Company considers the well will flow at a very economical rate.


Giralia Resources (11 May 2000)

Mr Michael Joyce has been appointed as a director of Giralia, and Mr Phillip Golding has resigned as a director and Chairman of the Company, with effect from 31 May 2000.


Indian Mining Corp (11 May 2000)

The directors of Indian Mining Corporation advise that they have resolved to raise $4.65 million through an issue of convertible/redeemable/cumulative preference shares.
Directors are negotiating for 50% of the issue to be specifically sub-underwritten and expect these negotiations to be successful.
The funds raised will be used for general working capital and to advance the Company's existing interests, including the Costerfield Project and its holding in IP Services Inc.


Kalrez Energy (11 May 2000)

Kalrez announced that:


Kimberley Diamond Co / Whittle (11 May 2000)

Kimberley is to co-ordinate and receive a priority entitlement to shares in the A$3.8 million public float of one of the world's best known mining optimisation software companies, Whittle Technology Limited - adding an exciting new growth investment to its existing diamond assets,
Whittle, the only company worldwide which specialises solely in mining optimisation software, has produced a number of software products which have revolutionised the optimisation of open pit mining since the 1980s.


Kingsgate Consolidated (11 May 2000)

The Mineral Act Committee of the Department of Mineral Resources (DMR), Thailand has approved the Chatree Gold Project.
This is the final approval required from the DMR and incorporates previous approvals by the local communities, land owners, district councils, provincial governors, DMR survey, economic geology, mining engineering, mineral processing, tenement and legal departments, Office of Environmental Policy and Planning of the Science Ministry, Forestry, Fine Arts and Lands Departments and the Department of Commercial Registration of the Ministry of Finance.
The mining lease documents will now move up to the Ministry of Industry for grant and issue. This is expected to occur in the current quarter.
Mine construction will commence upon mining lease grant.


Minerals Corp Ltd (11 May 2000)

Minerals Corp advises that it is in the process of finalising an agreement which is still subject to Board approval with Japan and China Holdings Pty Ltd ("JCH") for the further development of the business of Sinotel Limited, a 77% owned controlled entity utilised as the vehicle for investment in the technology sector.


Mincor Resources (11 May 2000)

Neil Geoffrey Roberts has resigned as Company Secretary of Mincor Resources NL and that Mr Howard Charles Rae has been appointed to replace him with immediate effect.


Orogen Minerals (11 May 2000)

Orogen announced the appointment of Messrs Martin Kriewaldt and Clive Hildebrand as non-executive Directors of the Company effective immediately.


Oxiana Resources (11 May 2000)

Oxiana is pleased to advise of the appointment of Peter Albert as General Manager Sepon Project Development. He will be responsible for undertaking the Sepon Project Bankable Feasibility Study and for subsequent development and commissioning of the mine and plant.
Oxiana is in the process of acquiring from Rio Tinto 80% of the Sepon copper and gold project in southeastern Lao PDR. As previously reported the Sepon resource base contains 1 Mt copper and 3.5 M oz gold in separate deposits. Preliminary development studies show Sepon is capable of producing 40,000 t/a cathode copper and 120,000 oz/a gold in bullion for more than 20 years.


Petsec Energy (11 May 2000)

Petsec Energy Ltd (ASX: PSA and OTC BB: PSJEY), today announced its results for the three months ended March 31, 2000.
Under Australian accounting standards, the Company reported an after tax loss of A$5.9 million in the quarter ended March 31, 2000 (1999: a net loss of A$9.1 million).
Under US generally accepted accounting principles the Company reported a net loss of US$3.6 million, or US$0.17 per American Depositary Receipt ("ADR"). This is compared to a net loss in the 1999 quarter of US$5.8 million, or US$0.27 per ADR.
Net sales in the March quarter were US$7.2 million, down from US$9.3 million in 1999. Net production of 2.4 Befe for the quarter was lower than the March 1999 quarter production of 4.1 Befe and 14% down on the December 1999 quarter. Cash flow from operating activities in the March quarter was US$1.4 million or US$0.06 per ADR. In 1999 cash flow from operating activities totalled US$8.9 million or US$0.42 per ADR.


Probe Resources (11 May 2000)

The Board of Cybonet.com NL announces the appointment of Mr Isaac James Law as a Director of the Company.


Rio Tinto (11 May 2000)

Rio Tinto announced it has signed a Memorandum of Understanding with Nucor Corporation of the USA and Lurgi Metallurgie to form a joint venture which, subject to a definitive cost study, will install a Hlsmelt plant at a Nucor facility in the United States.


Roc Oil (11 May 2000)

As of 6:00am on 10 May, the Keddington 2 well had been drilled to a total depth of 1,918 metres in the top of the Carboniferous. The directional drilling programme in 6(3/4) inch hole has commenced with an intended total depth of 2,700 metres (2,194 metres TVD) including a 400 metre horizontal reservoir section in the anticipated basal Westphalian sandstone reservoir.


Timor Sea Petroleum (11 May 2000)

TSP has incorporated a new company, Methanol Australia Pty Ltd (ACN 092 261 222) ("MA"), as a wholly owned sub-subsidiary of the TSP group. The immediate parent of Methanol Australia Pty Ltd, being Natural Gas Australia Pty Ltd, a company 100% owned by TSP.
TSP's methanol studies and activities will be pursued through this new subsidiary. MA will also take over investigation of fuel cell and synfuel possibilities, in conjunction with its methanol activities and studies.

Wednesday 10th May 2000 (Close of Business)
All Ords 3011.8
-42.8
 
Dow Jones 10,367.78
-168.97
ASX200 3043.4 -42.7 S&P 500 1383.05 -29.09
All Resources 1176.0
-19.0
Nasdaq 3384.73
-200.28
All Mining 621.8
-0.7
FTSE 100 6100.60
-23.20
All Gold 691.6
+1.0
Nikkei 17,701.47
-143.0
Energy 1237.6
-9.8
Hang Seng 14,492.92
-283.98
All Industrials 5302.0
-73.6
Gold - spot US$276.60
+0.50
A$ = US58.18c
-0.25
Silver - spot US$5.00
unch
A$ = 63.67yen
-0.17
Platinum - spot US$506.00
+6.00
A$ = 0.644Euro
-0.001
Bridge CRB Index 218.93
+1.79
US 30-Year Bond 6.165% -8.043 Crude Oil (NYMEX) US$28.05
-0.35
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price


Golden Cross Resources (10 May 2000)

QUARTERLY REPORT TO 31 MARCH 2000 - SUMMARY

HIGHLIGHTS

CORPORATE


Acclaim Exploration (10 May 2000)

Wingelinna Nickel Cobalt Project

Acclaim announced the settlement of the purchase of the 60% controlling interest in Permlen Pty Ltd, a single purpose company which owns exploration licence 69/535. The Board of directors of Permlen Pty Ltd is now identical to the Board of Acclaim Exploration NL.
The Wingelinna Nickel Cobalt deposit is located just west of the Western Australian/South Australian/Northern Territory border corner and is comprised in Exploration Licence 69/535, (subject to the terms and conditions of the Department of Minerals and Energy in Western Australia) covering approximately 108 square kilometres. The deposit was found in the late 1950's by International Nickel Inc (INCO) and exploration continued in various stages until the early 1970's.
A resource has been identified at Wingelinna by more than 110,000 metres of various types of drilling. The early resource estimates (which do not conform with the current Joint Ore Reserves Committee (JORC) requirements) range from 54 million tonnes up to 130 million tonnes at grades of 1.2% nickel and 0.085% cobalt. The deposit commences at the surface and is open at depth and along strike.


Aurora Gold (10 May 2000)

FORTUNES TURN AT MT MURO AS AURORA LOOKS TO FUTURE
SIGNIFICANT CHANGE OF FORTUNE FOR FLAGSHIP GOLD & SILVER MINE
After a difficult year in 1999 Aurora Gold Ltd's Mt Muro gold mine in Kalimantan is returning to its position as one of Indonesia's premier mining operations as the Company turns its focus to extending the life of the flagship operation and enhancing the value of its other key assets.
Aurora's Chairman, Mr Rory Argyle, told shareholders at the Company's AGM that a significant change of fortune had occurred at the mine in the past six weeks, with the large influx of illegal miners on the Company's tenements reduced to manageable levels through a combination of government and community support.

With mining returning to normal levels, Aurora is pursuing an extension of the mine life of Mt Muro with vigour following a recent breakthrough in the interpretation of the geology of the Mt Muro Contract of Work (CoW).
"This new interpretation suggests we have several promising targets which have yet to be explored and assessed," said Mr Argyle. "Drilling over the course of this year will show whether or not our optimism is warranted."

In conjunction with the promising outlook for Mt Muro is the significant development potential of the Toka Tindung resource in North Sulawesi.
"Although Aurora took a conservative approach and reduced the value of the operation in the company's accounts to zero - to reflect instability in the region and resulting finance difficulties - Aurora has substantial gold reserves and the requisite government approvals to proceed to development at Toka Tindung," Mr Argyle said.


Australian Platinum Mines (10 May 2000)

Australian Platinum Mines announced that following approval at the General Meeting of Shareholders on 10 April 2000 we have proceeded to allotment of 8,000,000 fully paid shares together with a 1 for 1 free attaching option expiring 30 June 2004.
Funds raised from the above issuance of shares is $1,360,000 prior to associated expenses.


Beach Petroleum (10 May 2000)

Beach announced:

The new oil exploration well spudded yesterday (Monday May 8, 2000) is Canterbury-1 in ATP 548P in the Cooper/Eromanga Basin of southwest Queensland.
Located approximately 40 kilometres northwest of the producing Inland oil field, Canterbury-1 has a planned total depth of 2,250 metres (7,381 ft).


Coeur D'Alene Mines (10 May 2000)

Coeur d'Alene Mines Corp. (NYSE:CDE) reported a net loss of $9.8 million in the first quarter of 2000 compared to a net loss of $7.3 million in the first quarter of 1999. After the payment of dividends to preferred shareholders, the net loss attributable to common shareholders in the first quarter was $12.0 million, or $0.39 per share, compared to a net loss of $9.9 million, or $0.45 per share, for the corresponding quarter of 1999.

FIRST QUARTER HIGHLIGHTS


Crest Magnesium (10 May 2000)

Crest has placed 8,214,287 fully paid ordinary shares at 7.0 cents each, raising a total of $575,000. The funds raised through the placement will be used for additional working capital purposes of the company.


Dalrymple Resources (10 May 2000)

BROCHURE - HIGHLIGHTS


Empire Oil & Gas (10 May 2000)

At 0600 hours on 9 May 2000, the Rough Range No.1B Well was at a depth of 1,043 metres KB and drilling ahead in the Windalia Radiolarite. The top Windalia Radiolarite was picked at 1,028 metres KB near to prognosis.
Background gas averages between 2 to 3 units (290 to 580 ppmC1). Gas peak at 969 metres of 975 ppm C1 with trace C2.
Top Birdrong Sandstone prognosed at 1,099 metres current operation is drilling ahead with 8 1/2" hole.


Hardman Resources (10 May 2000)

Hardman advised that the Philippines National Oil Company ("PNOC"), as Operator of the GSEC 84 Joint Venture, has confirmed the spudding of the Fuga #1 well at 06:00 on Monday 8 May 2000.
Fuga #1 has a proposed total depth of 2200 metres and is anticipated to take 36 days to Teach that depth.

Hardman , on behalf of its wholly owned subsidiary Hardman Petroleum (Mauritania) Pty Ltd ("Hardman"),also announced that the Woodside - British-Borneo Joint Venture offshore Mauritania has reached agreement both with the Government of Mauritania and internally between the partners regarding contract and farmin obligations for a forthcoming drilling programme. As part of these agreements, Hardman has negotiated and signed an Agreement with Fusion Investments Limited ("Fusion") and Elixir Corporation Pty Ltd ("Elixir") whereby Hardman will receive an additional free-carried interest in respect of the first post-farmin well to be drilled in JV Area A.
The Woodside - British-Borneo Joint Venture covers offshore Blocks 2-6 inclusive, which are divided into JV Areas A, B and C.


Ivanhoe Mines / BHP (10 May 2000)

TheChairman of Ivanhoe Mines Ltd announced that the company has signed an agreement with The Broken Hill Proprietary Company Limited (BHP), which gives Ivanhoe the right to earn a 100% interest in the Turquoise Hill (Oyu Tolgoi) copper/gold discovery in the South Gobi area of Mongolia. Ivanhoe's earn-in rights are subject to BHP's limited back-in rights.
Ivanhoe Mines may assume all rights to the project by spending a total of US$6 million on exploration over seven years and paying BHP US$5 million.
The Turquoise Hill licence area covers 1,120 square kilometres in southern Mongolia. It is approximately 650 kilometres south of the capital city of Ulaan Bataar, 80 kilometres north of the Chinese border and accessible by road from the provincial centre of Dalandzadgad.


Marymia Exploration / Delta Gold (10 May 2000)

The Directors of Marymia Exploration NL (Marymia) wish to announce that Marymia has executed a Farm-in and Joint Venture, Heads of Agreement on the Minara Gold Project, with Delta Gold Exploration Pty Ltd, a subsidiary of Delta Gold Limited.
Under the terms of the Heads of Agreement, Delta may acquire a 65 percent joint venture interest by sole funding all Joint Venture expenditure up to a Decision to Mine. Delta must contribute at least $50,000 to Joint Venture expenditure during the first 12 months of the earnings period before being entitled to withdraw.
Following completion of a feasibility study, upon which a decision-to-mine will be based, Delta will have earned a 65 percent interest and Marymia will retain a 35 percent interest.


MIM Holdings (10 May 2000)

The Oaky North longwall underground coal mine has set a new Australian record in the first month back in full production.
"Oaky North has not only recovered very quickly after its relocation, but it has reached the peak of coal industry performance," Peter Lynch, General Manager of the Oaky Creek export coking coal project, said today.
Oaky North produced 772,029 tonnes run of mine (ROM) coal in April, of which 745,764 tonnes was "off the wall" (directly from the longwall machine), thus setting Australian records for both longwall and total mine performances. New weekly records were also established with 213,803 tonnes ROM and 208,884 tonnes longwall in the week ended 23 April.
The Oaky Creek coal preparation plant achieved "personal bests" in April, producing 711,740 tonnes of product coal in the month and 176,090 tonnes in the week ended 23 April.


Pasminco (10 May 2000)

The Federal Court in Sydney today reserved its decision in relation to Pasminco's application to have the class action against it 'struck out' on the grounds that the Court did not have jurisdiction to hear the class action relating to its smelter operations at Cockle Creek and Port Pirie.
A judgement will be delivered at 9.30am this Friday 12 May.


Sons of Gwalia (10 May 2000)

SOG advised that substantial ground movement has occurred over the east open pit wall at the Sons
of Gwalia Mine and in the underground workings. While some ground movement was anticipated following the extraction of remnant pillars, the extent of the recorded subsidence was broader than forecast and is therefore subject to further analytical investigation and assessment.
This event has resulted in the temporary cessation of underground mining operations until mine inspection and rehabilitation activities can be completed.


St Francis Mining (10 May 2000)

St Francis is pleased to announce the successful completion of our non-renounceable offer to shareholders, pursuant to the prospectus issued by the Company on 16 March 2000. This issue has raised $7,566,516 in total.


Tap Oil (10 May 2000)

North Harriet-2 reached its programmed total depth of 2,007 metres measured depth on 7 May 2000. The well encountered a 6 metre oil column 700 metres northeast of North Harriet-1, as prognosed.
North Harriet-2 was an appraisal well to test the northern limit of the North Harriet Oil Field. The results of the well will now be integrated into the field mapping and development options for the field will be reviewed.

Tuesday 9th May 2000 (Close of Business)
All Ords 3054.6
-20.5
 
Dow Jones 10,536.75
-66.88
ASX200 3086.1 -20.1 S&P 500 1412.14 -12.04
All Resources 1195.0
-18.6
Nasdaq 3585.01
-84.37
All Mining 622.5
-6.2
FTSE 100 6123.80
-92.50
All Gold 690.6
-10.6
Nikkei 17,844.54
-355.42
Energy 1247.4
+8.2
Hang Seng 14,776.90
-124.10
All Industrials 5375.6
-28.0
Gold - spot US$276.10
+0.50
A$ = US58.43c
+0.21
Silver - spot US$5.00
+0.02
A$ = 63.94yen
+0.53
Platinum - spot US$500.00
+5.00
A$ = 0.645Euro
-0.005
Bridge CRB Index 217.13
+1.42
US 30-Year Bond 6.208% -8.042 Crude Oil (NYMEX) US$28.65
+0.56
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price

Lakes Oil (9 May 2000)

NORTH SEASPRAY-1

Lakes Oil N.L., as operator of PEP 137 (onshore Gippsland Basin, Victoria), advises that the Company has received a Compliance Statement issued under the Occupational Health and Safety (Plant) Regulations 1995 in respect of the rig to be used for the drilling of the Company’s North Seaspray-1 exploration well. The final approval of the Department of Natural Resources and Environment is required prior to the commencement of the drilling.

Lakes anticipates that the rig will arrive at the well site during the week beginning May 15th, with the drilling to commence shortly thereafter. For details, click here.


Precious Metals Australia (9 May 2000)

OPENING OF WINDIMURRA VANADIUM MINE - For details, click here.


Alcoa / Eastern Aluminium (9 May 2000)

Alcoa of Australia Ltd, AFP Pty Ltd increased its relevant interest in Eastern Aluminium Limited on 05/05/2000, from 72,552,940 ordinary shares (66.02%) to 73,486,134 ordinary shares (66.87%).


Australian Gas Light Co (9 May 2000)

The Australian Pipeline Trust announced the launch of the $488 million public offer for units in the Trust, in what is likely to become one of Australia's leading gas transmission businesses.
The offer provides for 244 million units to be made available to investors at a retail price of no more than $2.00 per unit. The Offer Document and applications will be available from 15 May with the retail offer closing on 2 June for a proposed listing on 13 June.
The Trust is forecast to return an annualised cash yield of 10.25 percent for the year ending 30 June 2001, with distributions payable on a quarterly basis from the Trust's expected cash flow. The yield is forecast to grow to 10.5 percent per annum for the year ending 30 June 2002.


Coplex Resources (9 May 2000)

THIRD QUARTER - SUMMARY

CORPORATE

COLOMBIA

EGYPT

BRAZIL


Conquest Mining (9 May 2000)

Conquest announced that Johnson Taylor has agreed to use reasonable endeavours to place 20,000,000 fully paid ordinary shares at an issue price of 25 cents each and 20,000,000 free attaching options, each to acquire a fully paid ordinary share in the capital of the Company at an exercise price of 20 cents each on or before 30 June 2005 ("Securities")(Placement"). The Placement will raise up to $5,000,000 for working capital.
Conquest will seek shareholder approval for the issue of the Securities at a general meeting to be held on 15 May 2000.

The Directors also advise that a trading halt was requested by the Company on 4 May 2000 as the Company was in negotiations with a third party regarding a proposed transaction. The Company advises that all negotiations in respect of that transaction have ceased.


Empire Oil & Gas (9 May 2000)

Rough Range Oil Pty Ltd, a wholly owned subsidiary of Empire Oil & Gas NL announces the progress of the Rough Range 1B Well is as follows.
At 0600 hours on 7 May 2000, the Rough Range 1B Well was at a depth
of 848 metres KB drilling 8 1/2" hole.

Formation tops are near to prognosis with:

Top of the Upper Gearle Siltstone 435m KB (374.2 sub sea)
Top of the Lower Gearle Siltstone 485m KB (424m sub sea)

Background gas as observed in the Gearle Siltstone is at an average of 100ppmCl. 3 units of C1 (290 ppm) between 822 - 848 metres was recorded. Gas readings are considered to be consistent with the Rough Range 1 and 1A wells.

At 848 metres tripped for a new drilling bit.

At 0600 hours on the 8 May 2000 the Rough Range 1B Well was at a depth of 950 meters KB and drilling ahead in the Searle Siltstone at an average drilling rate of 6 metres per hour in 8 1/2" hole.

Background gas is 2 units (200ppm Cl) with a trace of C(2) beginning at 935 metres. A gas peak was recorded between 875 to 890 metres of 6 units (1170 ppmC(1)).

The reservoir objective Top Birdrong Sandstone is prognosed at 1,099 metres KB.

The current operation is the drilling ahead with 8 1/2" hole to a total depth of 1150 metres.


Gutnick Resources (9 May 2000)

The Company announces the following proposed issue of securities:

(a) a pro rata, one for one, renouncable rights issue of fully paid ordinary shares to all shareholders at a price of $0.25.

(b) attached to the above offer will be an offer of one free option for every new share allotted. These options will have an exercise period of ten years and can be exercised at any time after January 1, 2001. The exercise price of these options will be $0.25.

(c) subject to approval of Shareholders at General Meeting to be convened on a date yet to be determined, a further issue of options will be offered to existing Optionholders on the basis of one option for each option held. These options will have an issue price of $0.01, an exercise price of $0.25 be for a period of ten years and can be exercised at any time after January 1, 2001.

The funds raised from the rights issue of shares and options will be used for the Company's exploration program, to retire debt and to provide working capital.

Monday 8th May 2000 (Close of Business)
All Ords 3075.1
-0.5
 
Dow Jones 10,603.63
+25.77
ASX200 3106.2 -1.0 S&P 500 1424.17 -8.46
All Resources 1213.6
+1.6
Nasdaq 3669.38
-147.44
All Mining 628.7
-3.1
FTSE 100 6216.30
-22.50
All Gold 701.2
-2.5
Nikkei 18,199.96
-239.40
Energy 1239.2
+2.0
Hang Seng 14,901.00
-367.64
All Industrials 5403.6
-2.4
Gold - spot US$275.60
-2.70
A$ = US58.22c
-1.21
Silver - spot US$4.98
unch
A$ = 63.41yen
-1.01
Platinum - spot US$495.00
+2.00
A$ = 0.649Euro
-0.014
Bridge CRB Index 215.72
-0.36
US 30-Year Bond 6.250% +0.058 Crude Oil (NYMEX) US$28.09
+0.80
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price

Lakes Oil (8 May 2000)

PORTHOS-1 EXPLORATION WELL

Lakes Oil N.L., as operator of PEL 62 (onshore Otway Basin, South Australia), advises that further attempts to log the bottom section of the Porthos-1 well below 730 metres have proved unsuccessful.
Accordingly, the joint venture has decided to plug and abandon the well forthwith. For details, click here.


Minasco Australia (8 May 2000)

Acting under instructions from Burdekin Pacific Ltd, Minasco is offering the McKinnons Mine (Cobar, NSW) 600,000 tpa Gold Treat ment Plant & Complete Mine Infrastructure For Sale. This 600,000 TPA capacity J.R. designed plant is centrally located 40 kilometres south of Cobar with all weather access by bitumen roads.
It is currently fully operational until cessation of mining operations in May 2000.

This 1995 built plant has considerable residual operating life remaining for relocation to a new project. Operating environment and process water quality utilised during production has ensured minimal corrosive deterioration over its life to date. For complete details, click here.


Ross Mining / Delta Gold (9 May 2000)

As at close of business 8/05/2000, Delta Gold Limited has a total entitlement of 205,079,457 ordinary shares in Ross Mining NL (92.42% of the voting shares in Ross Mining). For more information, click here.

Friday 5th May 2000 (Close of Business)
All Ords 3075.6
+49.7
 
Dow Jones 10,577.86
+165.37
ASX200 3107.2 +53.4 S&P 500 1432.63 +23.06
All Resources 1212.0
+15.0
Nasdaq 3816.82
+96.58
All Mining 631.8
+11.0
FTSE 100 6238.80
+39.20
All Gold 703.7
+18.0
Nikkei 18,439.36
closed
Energy 1237.2
+16.1
Hang Seng 15,268.6
-45.43
All Industrials 5406.0
+91.0
Gold - spot US$278.30
-0.90
A$ = US59.43c
+0.28
Silver - spot US$4.98
-0.12
A$ = 64.42yen
+0.40
Platinum - spot US$493.00
+18.00
A$ = 0.663Euro
-0.001
Bridge CRB Index 216.08
-0.46
US 30-Year Bond 6.192% +0.018 Crude Oil (NYMEX) US$27.29
+0.31
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price

Beach Petroleum (6 May 2000)

Beach Petroleum NL ("Beach") advises as follows:

1. Beach has reached agreements with Marignano Pty Ltd ("Marignano") and Sunblock Pty Ltd ("Sunblock"), subsidiaries of Australian Litigation Fund Pty Ltd ("ALF") in relation to litigation against an overseas party (formerly banker to companies controlled by IRL) and the sale of Beach's shares in controlled entity Spargos Mining NL ("Spargos").

2. In 1993, Beach successfully sued Spargos and others in connection with the Burbank fraud and was awarded $44.45M in damages. Beach acquired Spargos in 1994 and the judgement debt owed by Spargos is now in the order of $69M. Under the agreement the debt is acquired by a trust which holds it equally for Beach and Marignano with Spargos itself sold to Marignano.

3. Under the Marignano agreement, Beach stands to recover under the trust half the debt from the proceeds of any successful litigation in
Spargos or its subsidiaries.

4. Under the Sunblock agreement, Beach will share equally with Sunblock any proceeds arising out of the overseas claim.

5. Beach is not required to fund any ongoing litigation liabilities, that responsibility will now lie with Marignano and Sunblock. Beach is insulated from any liabilities in respect of cost orders that might be made arising from outstanding litigation but stands to benefit from any recovery. This outcome meets Beach's stated policy that it does not intend to pursue any further expensive litigation at the company's expense to recover its damage award arising out of the Burbank fraud and other losses related to IRL depredations.

6. Beach has also taken an assignment of the gold and other mineral royalties previously held by Spargos and subsidiaries.


Bendigo Mining (6 May 2000)

Bendigo Mining NL today announced the successful raising of $8 million through a 1 for 6 rights issue.
The Company is well advanced in its exploration project to confirm a 10 million ounce gold potential under Bendigo. The tunnel being excavated to access exploration targets some 650 metres beneath the city is over half way. "We have reached the underground drilling positions" Mr Buerger said, "and drilling to define the targets has commenced."
The current underground program is testing the most readily accessible production area. The added funds will allow the Company to extend the program and drill test other areas within the "New Bendigo" field. The drilling will be conducted from surface and is planned to commence in July 2000.


Capral Aluminium (6 May 2000)

Capral announced its decision to close the sheet rolling operation of the Sheet Division. The associated metal recycling and remelt facility will be converted to billet production to support the value adding strategies of the Extrusion business.


Centaur Mining / Australian Gold Resources (6 May 2000)

CTR announces that its takeover offer for all of the issued capital of AGR closed at 21:00 hours on May 4, 2000.
At the close of the offer period, CTR had become entitled to 156,586,729 AGIR shares, representing 93.74% of that company's issued capital. Accordingly, CTR advises that it intends to proceed with compulsory acquisition of the outstanding ordinary shares in AGR.
Concurrently with that compulsory acquisition process, CTR will seek the removal of AGR from Official Quotation on ASX.


Empire Oil & Gas (6 May 2000)

At 0600 hours on 5 May the current drilling depth of the Rough Range 1B Well is 392 metres in the Cardabia Formation. The Top Cardabia Formation was picked at 219.2 metres subsea (280 metres KB) as prognosed.


Gold Mines of Sardinia (6 May 2000)

The Company confirms that at approximately 3am Italian Time on 4th May 2000 the personal residence of a senior manager of the Company was damaged by what appears to have been an explosive device. The family was present in the building. Thankfully there were no physical injuries. An unknown activist group has claimed responsibility.


Pancontinental Oil & Gas (6 May 2000)

The directors wish to advise that they have approved a placement issue of up to 8,000,000 ordinary fully paid shares at an issue price of 10 cents each together with free attaching options expiring 31 March 2002 at an exercise price of 20 cents each on the basis of one new option for every four new shares subscribed.


Pilbara Mines (6 May 2000)

Pilbara Mines NL (Pilbara) (ASX: PIL) subsidiary, Request DSL Pty Limited (Request DSL), has been granted a Carrier Licence in accordance with the Telecommunications Act 1997.


Preston Resources (6 May 2000)

Nickel and cobalt production from the Bulong operations have continued to improve since the March period resulting in 478t of nickel and 28t of contained cobalt in sulphide intermediates produced during the month of April. Improved output was achieved by refinery modifications and better management of gypsum scaling in the refinery.


Rio Tinto (6 May 2000)

Rio Tinto notes the view of the Independent Directors contained in Comalco's Target's Statement released today that the best interest of, at least, most of the minority shareholders will lie in acceptance of Rio Tinto's offer, via acceptance of the alternative seen as best suited to the particular shareholder, and the Independent Directors' recommendation that shareholders act accordingly.
Rio Tinto has declared today that its offer terms of A$9.50 cash for each Comalco share, or one ordinary share of Rio Tinto Limited or one ordinary share of Rio Tinto plc for every three shares of Comalco, are final and will not be increased.


Roc Oil (6 May 2000)

As of 06:00 am on 4 May, the Keddington 2 well had been drilled to a total depth of 1,423 metres and was changing over drill string in preparation to drilling ahead in 6 (3/4) inch hole. The well is to be drilled to a total depth of 2700 metres (2194 metres TVD) including a 400 metre horizontal section, and is targeting basal Westphalian Sandstones.


Santos (6 May 2000)

Chairman`s AGM Address (part) to Shareholders

1999 OVERVIEW
1999 was a year of successful operations for Santos. Some of the highlights were:


Shield Equities (6 May 2000)

HIGHLIGHTS OF THE MARCH QUARTER

Telecommunications Acquisitions

Venture Capital Activities

Abore Gold Project - Ghana

Corporate/Fundraising

PLANS FOR THE JUNE 2000 QUARTER

For details, click here.


Victoria Petroleum (6 May 2000)

Victoria Petroleum NL advises that, Tri-Valley Oil & Gas, operator for the EKHO Project consortium, and drilling of the EKHO-l well issued a press release on May 4, 2000 advising that EKHO-1 has reached its initial target depth of 6,100 metres (19,085 feet).
Relevant extracts from the press release of May 4, 2000 are:
"The EKHO No. 1 test well, spudded February 7, 2000, has reached its initial target depth of 19,085 feet after only 87 days of drilling, it was announced today by F Lynn Blystone, Tri-Valley Oil & Gas Co's (OTCBB:TRIL) chief executive officer.
In addition to drilling during that period, the hole was cased and wireline logged to 13,000 feet and two 30 foot core samples were taken from separate intervals in the Temblor Formation.
The hole passed through several zones of interest and several hundred barrels of mud were lost in certain formations along the way that will be evaluated by wireline logging, which is set to commence immediately. Completion decisions will be made following interpretation and evaluation of the mud logs, wireline logs, and drill cores as well as all available data from the offsetting 66X-3 and 31X-10 wells drilled in the 1970s.


Thursday 4th May 2000 (Close of Business)
All Ords 3025.9
-50.8
 
Dow Jones 10,412.49
-67.64
ASX200 3053.8 -53.7 S&P 500 1409.57 -5.53
All Resources 1197.0
-26.6
Nasdaq 3720.24
+12.93
All Mining 620.8
-6.2
FTSE 100 6199.60
+14.80
All Gold 685.7
+6.1
Nikkei 18,439.36
closed
Energy 1221.1
-10.4
Hang Seng 15,314.07
-263.40
All Industrials 5315.0
-84.1
Gold - spot US$279.20
+2.10
A$ = US59.15c
-0.13
Silver - spot US$5.10
+0.11
A$ = 64.02yen
-0.72
Platinum - spot US$475.00
-3.00
A$ = 0.664Euro
+0.002
Bridge CRB Index 216.54
+1.35
US 30-Year Bond 6.174% +0.064 Crude Oil (NYMEX) US$26.23
+0.23
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price

Alcoa / Eastern Aluminium (5 May 2000)

Alcoa of Australia Ltd, AFP Pty Ltd increased its relevant interest in Eastern Aluminium Limited on 03/05/2000, from 38,680,416 ordinary shares (35.20%) to 65,625,904 ordinary shares (59.71%).


Amadeus Petroleum (5 May 2000)

The Fairlight No 1 well has been plugged and abandoned.


Aurora Gold (5 May 2000)

After a difficult year in 1999 Aurora Gold Ltd's Mt Muro gold mine in Kalimantan is returning to its position as one of Indonesia's premier mining operations as the Company turns its focus to extending the life of the flagship operation and enhancing the value of its other key assets.
Aurora's Chairman, Mr Rory Argyle, told shareholders at the Company's AGM that a significant change of fortune had occurred at the mine in the past six weeks, with the large influx of illegal miners on the Company's tenements reduced to manageable levels through a combination of government and community support.
"The commitment of the local village communities to this exercise is both pleasing and crucial," Mr Argyle said. "Today we have unimpeded access to our operating pits and a continuing clearance of the balance of the mine workings is in progress."
With mining returning to normal levels, Aurora is pursuing an extension of the mine life of Mt Muro with vigour following a recent breakthrough in the interpretation of the geology of the Mt Muro Contract of Work (CoW).


BHP (5 May 2000)

BHP announced a record quarterly operating profit of $558 million, excluding abnormals, for the quarter ended 31 March 2000. The result is an increase of $512 million compared with the quarter ending February 1999 and is the highest-ever quarterly profit, excluding abnormals, in the Company's 115 year history.
BHP Managing Director and CEO Paul Anderson said: "This is a good quarterly operating result which is a tribute to our people and a strong organisational focus on improving the fundamental performance of our business. This focus has driven a number of factors contributing to the quarterly result including improved cost savings, volumes and the contribution from new operations."
Including abnormals the result for the quarter was a loss of $46 million, a decrease of $464 million compared with the corresponding period in 1999. The result includes a $794 million write-off in the carrying value of BHP's Western Australia HBI operations following continued commissioning difficulties. This follows a review of the carrying value which is, in part, offset by an associated tax benefit of $190 million arising from funding arrangements.

BHP also announced a writeoff of the carrying value of its Western Australian HBI plant following continued commissioning difficulties. The writeoff is for $1,138 million before tax ($794 million after tax).
The writeoff follows a review of the carrying value of the asset in accordance with Australian Accounting Standards and BHP policy. Carrying values are reviewed to ensure they do not exceed the asset's "recoverable amount". The key factors influencing the West Australian HBI recoverable amount include lower production and sales volumes, lower sales prices, increased average cost of production and higher capital expenditure to support modifications.


Conquest Mining (5 May 2000)

The securities of Conquest have been placed in pre-open pending the release of an announcement by the Company. Delta Gold's offer closes at 7:00pm (AEST) on Friday, 12 May 2000.
The offer will not be extended.
Delta Gold will proceed to compulsory acquisition of all shares for which acceptances are not received by the close of the offer.


Delta Gold / Ross Mining (5 May 2000)

Delta Gold Limited announced that it is now entitled to more than 90% of the issued shares of Ross Mining NL through acceptances of its takeover offer.


Empire Oil & Gas (5 May 2000)

Rough Range Oil Pty Ltd, a wholly owned subsidiary of Empire Oil & Gas NL, is pleased to announce the spudding of the Rough Range 1B Well at 1730 hours on 3 May 2000 with O D & E Rig No.34. The total planned depth of the well is 1,150 metres below ground level which is anticipated to take approximately five days to drill.


Giants Reef (5 May 2000)

The Company announced that Mr R E Evans has resigned as Chairman and Director of Giants Reef Mining NL and its subsidiary companies. Mr Evans has been Chairman of the Company since its public floatation in April 1993. Mr Evans is leaving the Board to pursue his business interests in Western Australia.
In other changes announced:

1. Mr Charles William (Bill) Duchatel, BE(Mining), FAusIMM, FIE(Aust), FAICD, has been appointed Chairman of the Company and of its subsidiary companies. Mr Duchatel first joined the Board in June 1994. He has been involved in the mining industry for nearly 40 years, and has wide operational and project construction experience, he is a director of Ashton Mining Ltd and a past president of the Australian Mineral Industry Research Association.

2. Mr Dominic (Nick) Harold Byrne, a founding director and major shareholder of the Company and the driving force behind the initial establishment of Giants Reef as a public company, has accepted an invitation to rejoin the Board as a non executive Director.

3. Mr P G Dane has resigned as a Director of Giants Reef Mining NL and of its subsidiary companies, effective immediately. For details, click here.


Goldfields Kalgoorlie / Gilt-Edged Mining (5 May 2000)

The Directors of Goldfields Kalgoorlie Limited (ASX: GKL), a subsidiary of Goldfields Limited (ASX: GLD), have announced that it has become entitled to over 90% of the issued ordinary shares in Gilt-Edged Mining NL (ASX: GLT).
Dr Peter Cassidy, the Managing Director of Goldfields Limited, said: "As soon as the offer has closed, Goldfields Kalgoorlie will move to compulsory acquisition of the outstanding Gilt-Edged shares. Currently, we are working on locating the remaining small number of Gilt-Edged shareholders who have not yet accepted our final 50 cents cash offer."
The closing date of the offer is Tuesday, 16 May 2000, at 5pm Perth time. This is the final closing date and the Offer period will not be extended any further.


Lakes Oil (5 May 2000)

DRILLING - "PORTHOS – 1" WELL, PEL 62
ONSHORE OTWAY BASIN, SOUTH AUSTRALIA

Lakes Oil N.L., as operator of PEL 62 advises that, as at 6 am this morning, the Porthos-1 well was still at a total depth of 861 metres and circulating whilst waiting on rig repairs. Operations are expected to resume tomorrow, (Friday), when a further attempt will be made to complete wireline logging and evaluation of the untested section overlying basement. For details, click here.


Roebuck Resources (5 May 2000)

CHAIRMAN'S LETTER
On behalf of the Directors, I am pleased to provide you with an opportunity to participate in this Placement Issue. Through this Prospectus 8,333,333 Shares at an issue price of 15 cents each are being offered. For every 2 Shares subscribed for and issued 1 free attaching Option will be granted. The Placement Issue aims to raise approximately $1,250,000 (before costs of the Placement Issue) to be applied to fund a loan to Swiftel Pty Ltd and for ongoing exploration expenditure.
The Placement Issue requires the approval of shareholders of the Company. A general meeting of shareholders held on 28 April 2000 approved the following matters:

The Directors have confidence in the future of the Company and commend the Placement Issue to you.


Santos (5 May 2000)

Weekly Drilling Summary - w/e 4 May 2000

Moomba 112/ST1 - unning in hole to condition well for casing. Moomba 112 ST reached a total depth of 2640m with 291m progress for the week. The well is to be cased and suspended pending completion as a Permian gas producer.

Della 20 - Pulling out of hole to change out bit. The current depth is 1824m with 611m progress for the week.

Challum 16 - DW1/DW2 - Attempting to free stuck drill string. Drill string became stuck in lower lateral while running a clean out trip at total depth prior to completion operations
Challum 16 is a high angle well with two sub- horizontal lateral well bores designed to drain separate reservoirs in the Permian Age Toolachee Formation. Challum 16 DW1 (lower lateral wellbore) reached a total measured depth of 3127m. Challum 16 DW2 (upper lateral) kicked off at 2618m MD and reached a total depth of 2935m with 312m progress for the week.

West Mereenie 17 - Operations ave been suspended. Currently awaiting road and drilling lease access, which have been severely affected by recent rains.

Challis 15 - Challis 15 has been plugged and abandoned.

closed

Tap Oil (5 May 2000)

Tap advises that the North Harriet-2 exploration appraisal well spudded at 17.30 hours on 3 May 2000. The well has drilled ahead to 475 metres and will continue to drill ahead to the planned total depth of 2,007 metres measured depth which is anticipated to take 7 days.


Wednesday 3rd May 2000 (Close of Business)
All Ords 3076.7
-22.4
 
Dow Jones 10,480.13
-250.99
ASX200 3107.5 -23.6 S&P 500 1415.10 -31.19
All Resources 1223.6
+5.6
Nasdaq 3707.31
-78.14
All Mining 627.0
+17.8
FTSE 100 6184.80
-188.60
All Gold 679.6
+22.2
Nikkei 18,439.36
closed
Energy 1231.5
+14.0
Hang Seng 15,577.47
-240.29
All Industrials 5399.1
-50.5
Gold - spot US$277.10
+4.60
A$ = US59.28c
+0.68
Silver - spot US$4.99
-0.01
A$ = 64.74yen
+1.15
Platinum - spot US$478.00
-25.20
A$ = 0.662Euro
+0.018
Bridge CRB Index 215.19
-1.65
US 30-Year Bond 6.110% +0.091 Crude Oil (NYMEX) US$26.75
-0.14
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price

Boulder Steel (4 May 2000)

The Directors of the company are pleased to announce that the evaluation of a detailed and comprehensive market research study prepared by Corus Consulting has further enhanced confidence about the commercial profitability of the Hunter Specialty Steel Project in Newcastle. This study is essential for discussions with financiers and good progress towards achieving financial close is being made.


Centaur Mining / Australian Gold Resources (4 May 2000)

Centaur increased its relevant interest in Australian Gold Resources Limited on 03/05/2000, from 153,701,954 ordinary shares (92.01%) to 155,676,644 ordinary shares (93.19%).


Cluff Resources (4 May 2000)

Cluff has recovered a further 4 diamonds weighing 0.95 carats from processing of 85 tonnes of granite with tuffisite (granite bedrock ground by gas) mined from the Streak of Luck tunnel. The largest stone was a 0.45 carat yellow. Numerous small sapphires and a small amount of gold was also recovered.
The new tunnel has now intersected an area interpreted as being a volcanic vent which may have been a source for the diamonds produced from the area in the past. Work is concentrating on declining the tunnel to explore deeper sections of the structure which are expected to have higher grades.


Eastern Aluminium / Alcoa (4 May 2000)

Alcoa has extended its offer from 12 May to 14 July. Alcoa increased its relevant interest in Eastern Aluminium Limited on 02/05/2000, from 37,781,114 ordinary shares (34.38%) to 38,680,416 ordinary shares (35.20%).


Federation Resources (4 May 2000)

Confirmation has been received from the CDNX in Canada that Vanteck (VRB) Technology Corp (formerly, New Venoro Gold Corp.) has been issued the trading symbol of "VRB". The Company will resume trading on completion of the Exchange Offering Prospectus, which is currently being finalised.
In addition, the Directors are pleased to advise that the new 14-foot diamond pan was finally commissioned last Thursday at the Vishoek Diamond Project in South Africa. Sixteen gem quality diamonds were recovered during the following two days of production for a total of 8 carats. This is deemed very significant as the processing plant is now recovering the smaller diamonds, previously unseen in past production.


Giants Reef Mining (4 May 2000)

MARCH QUARTER - HIGHLIGHTS

For details, click here.


Gold (4 May 2000)

Despite the Swiss Bank's decision to sell off about US$10 billion in bullion (about 120 tonnes) by October, the gold price rose amid concerns of accelerating inflation. The Swiss Central Bank said the 120 tonnes is part of its plan to sell 1300 tonnes, or about half, of its reserves. The initial sale will not disrupt an agreement between the Swiss National bank and 14 other members of the European Central bank to limit gold sales to 400 tonnes a year until September 30, 2004.


Hardman Resources (4 May 2000)

The Philippines National Oil Company (PNOC), as Operator of the GSEC 84 Joint Venture, has advised that preparations for the drilling of Fuga # 1 are on schedule with PNOC's Rig # 6 fully rigged up and site preparations now completed. The well is expected to spud between 7th to 10th May 2000.
Fuga # 1 has a proposed total depth of 2200 metres and is anticipated to take 36 days to reach that depth.


Lynas Gold (4 May 2000)

Further Encouraging Drill Results from Zeus Gold Prospect . Results are now available for 15 additional reverse circulation drill holes (for 460 metres) completed at the Zeus prospect towards the end of the last quarter. The Zeus prospect is located approximately 1km south east of the Lynas owned treatment plant. Best intercepts included 9m @ 5.5g/t Au, 8m @ 6.6g/t Au, 13m @ 4.8g/t Au, and 8m @ 4.6g/t Au.
At the nearby Waugh gold prospect additional holes (WAC 11-WAC 13) were drilled to test the down plunge extension of the well mineralised ironstone, intercepted in previous holes WAC 1 and WAC 8.
The best intercept was 2m @ 2.5 g/t Au in hole WAC 11 (from 5 to 7 metres) and a further short programme will be completed in conjunction with the drilling at the Zeus Prospect.


Murchison United (4 May 2000)

Murchison announced that it had restructured its currency hedging arrangements with Westpac Banking Corporation Ltd such that it will deliver its US$ revenue at spot for the remainder of the calendar year.
From January 2001 to July 2003 it will deliver US$3.75 million per month at the rate of A$/US$67.05 representing approximately 75% monthly revenues for a total of US$116.25 million.


Perseverance Corp (4 May 2000)

The Directors of Perseverance Corporation Limited advise that Messrs Willie McLucas and Peter Wicks have resigned as directors of the company with effect from 3rd May 2000.


Portman Mining (4 May 2000)

At the recent Annual General Meeting held in Perth on 19 April 2000, shareholders voted in favour of a number of proposals, including a change of name for your Company to Portman Limited.


QCT Resources (4 May 2000)

Yesterday, Mr JKA McLeod (AO) retired from the Board of QCT Resources Limited for medical reasons.


Triako Resources (4 May 2000)

The Board of Directors of Triako Resources Limited is very pleased to announce the appointment of Mr Geoff Lord as a Director of Triako Resources Limited with effect from 3 May 2000.


Tuesday 2nd May 2000 (Close of Business)
All Ords 3099.1
+23.3
 
Dow Jones 10,731.12
-80.66
ASX200 3131.1 +29.1 S&P 500 1446.09 -21.96
All Resources 1218.0
+32.2
Nasdaq 3785.45
-172.63
All Mining 609.2
+8.9
FTSE 100 6373.40
+46.00
All Gold 657.4
-2.2
Nikkei 18,439.36
+36.28
Energy 1217.5
+23.1
Hang Seng 15,817.76
+298.46
All Industrials 5449.6
+31.5
Gold - spot US$274.00
+1.50
A$ = US58.60c
+0.33
Silver - spot US$5.00
+0.01
A$ = 63.59yen
+0.09
Platinum - spot US$490.00
-13.20
A$ = 0.644Euro
+0.008
Bridge CRB Index 216.85
+1.01
US 30-Year Bond 6.019% +0.043 Crude Oil (NYMEX) US$26.89
+1.02
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price

Anzoil (3 May 2000)

Reduces Interest in Hanoi Basin by Share Swap & Farm Out


Battle Mountain Gold (3 May 2000)

MARCH QUARTER - HIGHLIGHTS

Battle Mountain reported a first quarter consolidated net loss of $3.5 million, or 2 cents per share. The first quarter loss compares with a net loss of $14.5 million, or 6 cents per share, in the same period last year.
BMG President and Chief Operating Officer, John A Keyes, said that first quarter gold production of 199,000 ounces and cash costs of $168 per ounce are better than forecast and position the Company to achieve its production and cash cost forecasts for the year.
The average realized gold price increased slightly to $290 per ounce, compared with $286 in the first quarter of last year. Cash flow from operations increased to $5.5 million for the quarter as a result of improving gold prices and production. The Company's cash position was $62.2 million at the end of the first quarter, including $40 million in restricted cash related to the Company's loan facility, which will be applied against BMG's long-term debt in 2003. During the quarter, the Company made additional debt repayments under the loan facility of $10 million, necessitated by a decline in the value of the Company's investment in the securities of Lihir Gold Limited.

Keyes noted that the Company continues to make solid strides forward, in spite of the continuing difficult gold price environment. In addition to the increased production and lower cash operating costs achieved during the quarter, the Company:


Beach Petroleum (3 May 2000)

Beach advises that exploration drilling in ATP 548P (Beach 23%) in the Cooper/Eromanga Basin of southwest Queensland is now expected to commence on or about 5 May.
As a result of recent rain in the area it is now planned to drill Canterbury-1 first, to be followed by Taipan-1. Canterbury-1 will be located approximately 40 km northwest of the Inland oilfield and has a planned total depth of 7,381 feet.


Cobra Resources (3 May 2000)

Cobra announced that it had received environmental approval for its Marlborough chrysoprase semi-precious gemstone project in Queensland and expects to have cash-flow from the operation in the third quarter of this year.
The approval of the Environmental Management Overview Strategy (EMOS) clears the last major hurdle for the project's go-ahead, and a Plan of Operations is now being prepared. Once the Plan of Operations is accepted by the Mines Department and the security deposit lodged, production can commence.
The Marlborough chrysoprase project will initially produce 4 tonnes a month of chrysoprase of all grades for the polished stone and jewellery market. Mr Ziatas said that, like other semi-precious stones, the market for chrysoprase was small but the average price for unpolished product of all grades was about $100 per kilogram.
Cobra has negotiated a contract to sell up to 2.2 tonnes a month of better grade material to a South Korean company.


Craton Resources (3 May 2000)

Bulk metallurgical testwork is now well advanced on bulk samples from the Echo, Bondi (Upper and Lower Lens), Bondi East (737 strand) and Acapulco deposits. The testwork is being carried out at MD Mineral Technologies in Queensland (a division of Evans Deakin Ltd)
Work to date has been completed on a bulk sample from the Echo deposit and has demonstrated that:

Metallurgical testwork is ongoing and will culminate in a major pre-feasibility study to be completed in the third quarter 2000.


Energy Resources of Australia (3 May 2000)

STATEMENT BY MR BOB CLEARY, CHIEF EXECUTIVE, ERA
We advise that there has been a leakage of contaminated water showing elevated levels of manganese into the constructed wetlands filter area on the Ranger uranium mine site. Manganese at the levels recorded in the wetland filters are within the safe limit for the release of water into the environment.
The source of the leak has been identified and rectified and there is no evidence of any damage to the local environment.
The constructed wetland filters have been designed to treat mine site run-off water and to prevent contamination of the local creek system.
The period during which the leakage occurred before formal reporting to appropriate authorities is recognised by the Company as unacceptable. This is a matter of internal and external investigation and revised procedures will be implemented.
We have now ensured that the authorities have been informed and we are continuing to undertake a most thorough and detailed study of this issue.
We are taking this matter most seriously and will continue to keep authorities, the local community and other stakeholders informed.


Envestra (3 May 2000)

Envestra Limited, one of Australia's largest natural gas distribution companies, announced a second half payment to shareholders of 3.60 cents per stapled security.
The payment is for the six months ended 31 March 2000 and results in a total distribution for the year of 9.00 cents, up from 8.15 cents for the previous year.


Gateway Mining (3 May 2000)

MARCH QUARTER - HIGHLIGHTS

COWRA – NEW SOUTH WALES

GIDGEE PROJECT – WESTERN AUSTRALIA


Novus Petroleum (3 May 2000)

Wambenger-1, WA-273-P, Bonaparte Basin, offshore WA - Spudded on 1st May, a 26 day operation is anticipated. The well is currently drilling ahead.


Nugold Hill Mines (3 May 2000)

Nugold has received notification from Advantage Telecommunications Limited that it has entered into an agreement and joined a consortium of companies on the AFCN 2 project.
Nugold Hill Mines NL has completed its acquisition of a 40% interest with an option to increase its holding to 60% in the Hong Kong based wholesale telecommunications carrier.


Orogen Minerals (3 May 2000)

Orogen wishes to advise of the retirement of the company's founding Managing Director, Mr Charles Lepani and the appointment of Mr Frank Kaupa as interim Managing Director of the company. This change is effective immediately.


Probe Resources (3 May 2000)

MARCH QUARTER - HIGHLIGHTS

TECHNICAL SERVICES AGREEMENT
Since the write-down of its interest under the Technical Services Agreement (TSA) in the Mokhtikovskoye Oil Field as disclosed in the Half-Yearly Report ended 31 December 1999, the Company has been focused on ascertaining the best method of pursuing the full recovery of the receivable from JSC Siboil(the Technical Services Agreement Operator).
During the quarter the Company also continued to investigate the legal means by which it can recover all of its investment and does not concede that its rights to full recovery are not enforceable.
The Company has been advised that production from the Mokhtikovskoye Oil Field continued during the quarter. The Company has not been able to establish the levels of production but will continue in its effort to do so and will fully disclosed all production figures to the market as soon as reliable information is available.

GOLD INTEREST
No exploration activity has been carried out during the quarter on the tenements in which the Company has an interest.

CAPITAL RAISING
During the quarter the Company has progressed the proposed raising of $1.6 million in new capital. A Notice of Meeting and Explanatory Memorandum was prepared and dispatched for a meeting to be held on
the 3rd of May 2000.
In anticipation the Company has, in conjunction with its advisers commenced examination of potential acquisiton and investment opportunities.


Roc Oil (3 May 2000)

ROC SELLS, NON-CORE, ONSHORE UK ASSETS FOR A$57 MILLION - AND REALISES AN ABNORMAL, UNAUDITED A$18 MILLION AFTER TAX PROFIT FROM SEVEN MONTH INVESTMENT.


Triako Resources (3 May 2000)

MARCH QUARTER - HIGHLIGHTS


Yardarino Mining (3 May 2000)

Investment in Kholberger Enterprises Ltd
Kohlberger Enterprises has advised that approval has now been granted by the People's Republic of China for the commercial agreement entered into with Kohlberger Enterprises Pty Ltd 30%, Shenzhen Shahe Industries (Group) Co Ltd 40% and China Region Investment Ltd 30% to exclusively manufacture and supply Elastomeric Technology Systems throughout China, Hong Kong and Macao.


Monday 1st May 2000 (Close of Business)
All Ords 3071.8
-13.3
 
Dow Jones 10,811.78
+77.87
ASX200 3102.0 -13.8 S&P 500 1468.25 +15.82
All Resources 1185.8
-14.2
Nasdaq 3958.08
+97.42
All Mining 600.3
-9.3
FTSE 100 6327.40
+148.10
All Gold 659.6
-14.7
Nikkei 18,403.08
+429.38
Energy 1194.4
-3.4
Hang Seng 15,519.30
closed
All Industrials 5418.1
-16.5
Gold - spot US$272.50
unch
A$ = US58.27c
-0.16
Silver - spot US$4.99
+0.06
A$ = 63.50yen
-0.12
Platinum - spot US$503.20
-1.80
A$ = 0.636Euro
-0.005
Bridge CRB Index 215.84
+4.81
US 30-Year Bond 5.976% +0.014 Crude Oil (NYMEX) US$25.87
+0.13
* Live Quotes & Charts - Australia
* 24 Hour Spot Gold Price

BeMaX Resources (1 May 2000)

Completion of Assays and Independent Resource Estimation confirm the size and potential of the Ginkgo Deposit.

BeMaX Resources N.L. announced today the results of an independent resource estimation of the Ginkgo Deposit by Snowden Mining Industry Consultants Pty Ltd (Snowden). The estimation by Snowden was undertaken after receipt of more than 11,000 assays from AMDEL laboratories in Adelaide.

The Ginkgo deposit, situated approximately 120km north of Mildura in the northern Murray Basin mineral sands province, is owned by a joint venture comprising BeMaX Resources N.L. (50% and operator), Imperial Mining N.L. (25%) and Probo Mining Pty Ltd (25%). (Figure one)

The deposit is approximately 12 km long and has been drilled on 29 traverses mostly 400m apart with drill hole spacing ranging from 25 to 100m on each line. (Figure two).

Snowden reported that:

"The resource estimate for the Gingko Deposit is 252 Mt at 2.8% total heavy mineral ("HM") above a 1% HM cut-off. ...."
For more information, click here.


Cullen Resources (1 May 2000)

MARCH QUARTER - HIGHLIGHTS

  • Cash resources augmented by $862,000 to approximately $1.4 million.
  • Evaluation of 1999 exploration data confirms prospectivity of the Ashburton Gold Project.
  • RC percussion drilling planned at Slate Bore during 2000 field season.

    For more information, click here.


    Herald Resources (1 May 2000)

    MARCH QUARTER - HIGHLIGHTS

    KEY POINTS :

    • An important opportunity has been taken to explore a
      significant zinc-barite area at Loei, Thailand with potential for
      near-term development based on information to hand.
      (Project held by Canadian-listed subsidiary, International
      Annax Ventures Inc)

    • Fieldwork has started on the Belitung, Indonesia project
      where significant bedrock tin grades have been reported.

    • 6000m drilling program commenced at Coolgardie to test strike
      and depth extensions of Empress, Alicia, & Tindals gold
      systems. Preliminary metallurgical test work encouraging.

    For more information, click here.


    Lakes Oil (1 May 2000)

    DRILLING - "PORTHOS – 1" WELL, PEL 62
    ONSHORE OTWAY BASIN, SOUTH AUSTRALIA

    Lakes Oil N.L., as operator of PEL 62 (onshore Otway Basin, South Australia), advises that, as at 6 am this morning, the Porthos-1 well had reached total depth of 861 metres and was circulating at 725 metres, whilst awaiting rig repairs prior to running wireline logs.
    Drill stem test No.1 was conducted last Friday (April 28) over the interval from 778 to 809 metres, which included the target Sawpit Sandstone interval. The test yielded a pipe recovery of 635 metres of water. Further evaluation of sands within the basal Pretty Hill Formation section between the bottom of the test interval and basement will need to await the results of wireline logging.
    . For details, click here.


    Pan Australian Resources (1 May 2000)

    MARCH QUARTER - OVERVIEW

    During the March Quarter, Pan Australian continued negotiations with Padaeng Public Company Limited, the goal being an agreed Participation Agreement to replace the Memorandum of Understanding (MOU) for the Puthep Project in Thailand.

    However progress has been very slow on certain issues of importance to Pan Australian. Under the circumstances, Pan Australian has suspended all field activities, until the Puthep Participation Agreement is finalised.

    The Company has continued its strategy of identifying other acquisition and investment opportunities and is currently engaged in detailed evaluation of several projects that would be complementary to the Puthep Project, and/or would be significant acquisitions in their own right.

    Pan Australian has cash reserves of $1.3 million and the Company has, under consideration, several proposals that will further enable funding of current and anticipated obligations.

    For more information, click here.


    Ross Mining / Delta Gold (1 May 2000)

    As at close of business 1/05/2000, Delta Gold Limited has a total entitlement of 196,255,370 ordinary shares in Ross Mining NL (88.44% of the voting shares in Ross Mining). For more information, click here.


    Friday 28th April 2000 (Close of Business)
    All Ords 3085.1
    +12.0
     
    Dow Jones 10,733.19
    -154.19
    ASX200 3115.8 +9.5 S&P 500 1452.43 -12.49
    All Resources 1200.0
    +5.1
    Nasdaq 3860.66
    +86.63
    All Mining 609.6
    -1.9
    FTSE 100 6327.40
    +148.10
    All Gold 674.3
    -1.4
    Nikkei 17,973.70
    -45.47
    Energy 1197.8
    +23.3
    Hang Seng 15,519.30
    +326.43
    All Industrials 5434.6
    +20.8
    Gold - spot US$272.50
    -3.40
    A$ = US58.43c
    -0.42
    Silver - spot US$4.93
    unch
    A$ = 63.62en
    +0.61
    Platinum - spot US$505.00
    +36.50
    A$ = 0.641Euro
    -0.005
    Bridge CRB Index 211.03
    +0.70
    US 30-Year Bond 5.962% -0.031 Crude Oil (NYMEX) US$25.74
    +0.32
    * Live Quotes & Charts - Australia
    * 24 Hour Spot Gold Price

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