announcement re final draw down of

Appendix 3B - Issue of Convertible Notes
1/9/03






ANVIL MINING NL 2003-01-09 ASX-SIGNAL-G


HOMEX - Perth



+++++++++++++++++++++++++
Please be advised that Anvil Mining NL ("Anvil"), has made the final
drawdown of the USD$500,000 Convertible Note Facility as approved by
the shareholders at the General Meeting of the Company on 29 April
2002. The drawdown amount of AUD$296,560 takes the total Convertible
Notes on issue to AUD$592,631. The note has a term of eighteen months
at an interest rate of LIBOR (London Interbank Offered Rate) plus
2.5% margin. These notes are convertible into Anvil ordinary shares
at a price of $0.10 per share with each share issued having an
attaching free option excisable at $0.12 each at any time before 23
December 2004. The convertible note must be redeemed or converted as
to one third of its face value within each six month period.



The Appendix 3B for these transactions is attached.



T Robson
COMPANY SECRETARY