Good to see the company pursuing some promotional work...The...

Good to see the company pursuing some promotional work...

The cover story below appeared in today's Australian Investor Magazine. In addition to the cover story in the magazine section of the AI web site, GDA also sponsored one of the magazines Business News and Market Wrap - 23rd July 08
Good to see GDA putting the plans in front of the market in a pro active initiative.
The reference in the opening paragraph to the bonus Issues is past tense obviously.

"Cover Story


Gondwana poised to rapidly grow through Multicommodity Interest in Australia and currently offering Shareholders an Opportunity to Subscribe for a Bonus Issue.


Gondwana Resources Limited is an Australian based junior gold, iron ore and nickel Exploration Company, focused on the construction of a mid-tier mining house.

Gondwana’s aim is to advance its assets with a view of progressing to production status, in addition to developing its new exploration projects in Australia and overseas. An immediate drilling program is planned at its Parker Range Gold Project in Western Australia.

Currently Gondwana is issuing to existing shareholders, under a bonus issue, one new share for every eight held and three new options for every five shares held. The record date for determining entitlements is 22 July 2008.

Chairman of Gondwana Resources Limited, Mr. Warren Beckwith explained to the Australian Investor that “through the execution of the bonus issue we are rewarding shareholders for their loyalty and encouraging them to exercise their existing options.

“The exercise of options will see Gondwana raise significant funds to assist with our projects in the Parker Range Gold Project and the East Pilbara region.

“The outcome is expected to be positive. Already we’ve seen close to half of the outstanding options exercised,” he stated.

Gondwana has recently conducted an extensive review of historic exploration and databases for the Parker Range Gold project, confirming the underexplored nature of the company’s 290 square kilometre tenure.

“The Parker Range area includes highly prospective greenstone with potential to yield gold, nickel, base metals and iron mineralisation, demonstrating a strong competitive advantage for the company,” Mr. Beckwith informed the Australian Investor.

A work program totalling $750,000 has been planned and is scheduled for implementation at the Parker Range Gold Project commencing next month.

The program will test the gold potential of the project, specifically the Zeus anomaly, Buffalo-Spring hill, Centenary Mine Camp and Golden Rod prospect.

At the Zeus anomaly drilling work is planned to commence in August this year, following preliminary results from Q4 2007 which showed significant gold anomalies in soils surrounding the Parker Range.

Previous surface mapping undertaken at Buffalo-Spring hill has shown some old laterite pits which may conceal a high grade shoot.

Environmental clearance work and geological mapping is scheduled to commence in July at Buffalo-Spring Hill, with a total of 1,250 metres of Reverse Circulation (RC) drilling planned to extend and upgrade inferred resources to indicated status.

Gold mineralisation at the Centenary Mine Camp is believed to extend west and into the recently granted M77/762 tenement. Prior drilling at this prospect identified very high-grade gold mineralisation in narrow quartz veins.

Two RC drill holes have been planned to follow up the March 2008 program in preparation for resource modelling of high grade structures.

At Cheritons, exploration work will include a detailed review of covered areas along the Parker Range BIF horizon.

Cazaly Iron Pty Ltd plans to continue its exploration program for iron ore at Parker Range under the Mt Caudan Iron Ore Farm-in Agreement, a project in which Gondwana has a 15% free carried interest. Further results are expected soon.

“In addition to our Parker Range project, Gondwana also holds four exploration licences in the East Pilbara region of Western Australia.” Mr. Beckwith noted.

A program valued at $860,000 has been developed for the four projects which are expected to be undertaken in Q3/Q4 of 2008 and into Q1 of 2009.

At Corunna Downs, surface rock chip sampling in April 2008 has produced results up to 62.5% Fe within a jaspilite sequence similar to the BIF iron ore mined at Yarrie by BHP.

Following the Corunna Downs iron ore discovery, a substantial RC drilling and geophysical campaign is planned for October 2008 to test the extent of near-surface, hematite DSO (direct shipping ore) potential and subsurface magnetite potential.

The necessary environmental work has been commissioned and a Heritage survey and consultation will also be carried out prior to establishing access and drilling for the projects.

“In view of the significant activity scheduled, including the ongoing investigation of mining prospects in China, it is also likely that further equity will be required. This will take the form of a placement or rights issue and will be used to augment the total funds raised from the exercise of options.

Mr. Beckwith concluded, “The future outlook for Gondwana is very positive. We expect our high quality project areas, together with our excellent in-house knowledge of exploration for key commodities of gold and iron ore to yield positive future results.”

“Gondwana has the necessary technical and corporate capabilities to fulfil its obligations to its stakeholders quickly, cost effectively and responsibly and continue towards the goal of delivering prosperity to shareholders.”

July 2008. "

http://www.australianinvestor.com.au/AustInvestor_magazine.asp