interpretation of announcement

Can anyone interpret what these figures mean please?



ELKEDRA DIAMONDS NL 2002-11-25 ASX-SIGNAL-G

HOMEX - Perth

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RECONNAISSANCE SAMPLING

Interpretation of Landsat imagery and radiometric data together with
photo-interpretation analysis has identified extensive surface
manganese occurrences extending over a gross area of affectively
24,000 square kilometers in Elkedra's eastern tenements. During
Elkedra's helicopter-assisted diamond stream sediment sampling
program, reconnaissance sampling of these manganese occurrences was
undertaken over an 18,000 square kilometer area. The first group of
samples has been assayed with additional samples collected awaiting
final assaying. Significant manganese and base metal results have
been returned.

MANGANESE

Assay results indicate additional manganese targets are present
(Table 1) in Elkedra's eastern tenements with up to 53 % manganese
reported from surface grab samples.

Table 1: Summary of Surface Grab Samples Reporting ELEVATED MANGANESE.

Sample Mn % Fe % P % SiO2 wt% Al2O3 wt%
(Manganese) (Iron) (Phosphorous) (Silica) (Alumina)

D00137 47.63 1.97 0.06 12.50 0.97
D00143 53.51 1.16 0.36 4.13 1.11
D00148 39.34 0.78 0.11 29.70 0.96
D00149 42.98 1.93 0.12 14.70 3.57
W00121 32.99 3.13 0.17 29.10 3.30
T00035 52.00 0.54 0.06 n/a n/a
T00040 42.50 0.98 0.11 n/a n/a

DRILLING - LUCY CREEK MANGANESE

During late October early November 48 RAB holes, totaling 1,572m were
drilled at the Lucy Creek #2 manganese target. This was a
reconnaissance drilling program designed to assess the shallow
dipping outcropping anomaly.

Visual inspection of drill spoils has identified an occurrence of
stratiform, massive manganese over a surface area of 240,000sqm which
is open-ended to the south. Drilling was on 100m to 200m centers with
intersections ranging from 1 to 3 meters of massive manganese. All
manganese occurred at less than 20 meters depth. In addition,
possible lower grade "replacement manganese" is pervasive in many of
the holes. Final assessment of drilling results is awaiting
geochemical analysis.

BASE METALS

Reconnaissance sampling of iron-rich and manganiferous outcrops
returned highly significant results. Assay results of the first group
of samples included Lead values up to 2.3%, Barium up to 4.2%, Zinc
up to 3,500 ppm, Cobalt up to 1,600 ppm, Arsenic up to 2,000 ppm,
Cerium up to 1.0%, Molybdenum up to 40 ppm and anomalous Silver.

These results are consistent with those expected of a mineralizing
system, and confirm the prospectivity of the area for significant
stratiform lead-zinc deposits similar in style to the world class
Mount Isa/McArthur River deposits located further east in Queensland.

SUMMARY

The drilling results at Lucy Creek confirm that the surface manganese
expressions at this locality have buried down-dip extensions.
Further, the results give added encouragement to the regional
manganese potential where literally hundreds of similar manganese
expressions outcrop over a 24,000 square kilometre area in Elkedra's
eastern tenements.

Apart from the manganese potential, elevated values of a range of
base-metals and rare earth elements are consistent with the presence
of a regional hydrothermal system potentially related to a large
base-metal mineralized system. Geochemical sampling at each of the
diamond stream sediment sample sites, coupled with surface rock
samples, is resulting in an extensive geochemical database allowing
for regional kimberlite and base-metal target generation.


M D J Cozijn
CHIEF EXECUTIVE OFFICER-DIRECTOR

This report is based on information compiled by and reported upon by
Dr Linda A Tompkins, Technical Director who is a member of the
Australasian Institute of Mining & Metallurgy and Dr Wayne Taylor,
Exploration Manager/Alternate Director, both of whom have at least 5
years experience in the field of activity covered.

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