for people following (gme).., page-4

********gme v's cgm********* hi guys..

(gme) are in the same location as (cgm)..

on resources (gme's) looks a lot better..last price 12.5cents

both are looking for (mre) agreement..

(gme's) resources 128million tonnes @1%nickel

within that..
38.4 million tonnes @1.3%nickel

you can work the sums out...amazing



GME RESOURCES LIMITED
Australian Stock Exchange 2 23 January 2004
G:\GME\Announcements2004\ASX-12.Doc:23/1/04
The Board has been encouraged by recent reports on the success that Minara Resources Limited
has achieved with the production from the Murrin Murrin plant, its demonstrated interest in
acquiring NiWest Limited and their stated desire to acquire additional plant feed from third party
sources.
Out of its previously announced inferred resource of approximately 128 million tonnes at 1%
nickel, NiWest Limited has a high-grade inferred resource of 38.4 million tonnes at a 1.3% grade.
The proximity of this higher grade resource to the Murrin Murrin plant means it has the ability to
deliver significant financial advantages for both the Murrin Murrin plant and GME Resources
Limited particularly as the grade differential between the ore feed to the Murrin Murrin plant and
the potential NiWest Limited ore feed increases.
Yours faithfully
NIELS J KROYER
Company Secretary
Enclosure: Appendix 3B.