+ + data and comments + +

POST 1.

CSM or Consolidated Minerals Ltd (ASX: CSM; AIM: CNM; FSE: CMN):
http://www.consminerals.com.au/

BigChart: http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=au%3Acsm&time=&freq=

Shares: 179.2 mill.; 3.36 mill. unlisted options 2004-2005. There are 9.9 mill. conv. notes; these carry 11.25% interest and are redeemable if not converted on 31 March 2005. AX code:?:
http://stocknessmonster.com/news-item?S=CSM&E=ASX&N=214176

March 15, 2004: $25 Million UK Institutional Placement:
http://stocknessmonster.com/news-item?S=CSM&E=ASX&N=257487

Febr. 17: Half year Profit $7.25 mill. (+40%); div. of 3%:
http://stocknessmonster.com/news-item?S=CSM&E=ASX&N=255556

Febr.27: Half Yearly Report & Half Year Accounts:
http://stocknessmonster.com/news-item?S=CSM&E=ASX&N=256292

MINING AND EXPLORATION.
1. MANGANESE
Febr. 8, 2000: Launches Major Drilling Program for Woodie Woodie Manganese:
http://stocknessmonster.com/news-item?S=CSM&E=ASX&N=173857

March 25, 2002: Celebrates Millionth Tonne ManganeseMilestone atWoodieWoodie:
http://stocknessmonster.com/news-item?S=CSM&E=ASX&N=213158

Oct. 22, 2002: Confirmation of 10 year mine life:
http://stocknessmonster.com/news-item?S=CSM&E=ASX&N=225485

Jan. 29, 2004: Second Quarter Activities Report:
http://stocknessmonster.com/news-item?S=CSM&E=ASX&N=254345

Extract: Manganese, which is a key input to the steel-making process, is expected to achieve a price increase of similar magnitude to the recent 18.62% increase in the benchmark iron ore price for 2004/05, with price increases of up to 10% already secured for the first quarter of 2004. Consolidated’s manganese operations are running at full capacity of 600,000 tonnes per annum.

A new resource was estimated for Radio Hill South, at a 35% Mn cut off, of 1,046,600 million tonnes at 44.0% Mn, 3.9% Fe and 16.7% SiO2. The resource is still open to the west and drilling will target possible extensions early in 2004. Radio Hill South is the second-largest discovery made in the past 5 years and the 4th biggest deposit ever discovered at Woodie Woodie (after Chris D, Cracker/Austin and Big Mack); it also outweighs the original Radio Hill deposit by 438,000 tonnes.

Further exploration success in the 2004 field season will increase the total of new resources discovered by Consolidated since 1999 to well in excess of the 9 million tonnes previously identified. Resource drilling was also completed at Chris D, resulting in the estimation of a new resource, at a 35% Mn cut off, of 1,781,700 million tonnes at 43.9% Mn, 7.5% Fe and 11.6% SiO2.

March 3: CSM commenced a feasibility study to increase production from its Woodie Woodie Manganese Mine in the Pilbara region from the current 600,000 tonnes per annum: “Demand for manganese is running at all-time record levels, with surging demand particularly from the Chinese steel industry,” Kiernan said.

“With a resource base of some 10 million tonnes at Woodie Woodie, Consolidated is well placed to meet this demand by implementing a ‘bolt-on’ expansion at the Project to increase production beyond current capacity levels of 600,000 tonnes per annum,” he added.

To be contd.

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.