ADU--ADAMUS RESOURCES LTD.Post 1 of 2:1. Introduction:Website:...

ADU--ADAMUS RESOURCES LTD.
Post 1 of 2:

1. Introduction:

Website: http://www.adamusresources.com.au/

To view Annual Report, it may be necessary to obtain it from here:
http://stocknessmonster.com/news-history?S=ADU&E=ASX&Year=2003

The Company has holdings in Ghana and Australia. Page 8 of the Annual Report:

Australia: Kimberley Diamond Project: "Previous reconnaissance drilling at Bollinger by Adamus identified a kimberlitic fissure zone >500m in length directly along strike from Seppelt 2.The chemistry of indicator minerals recovered from the Bollinger fissure zone, suggests the kimberlitic material is highly prospective for diamonds".

Page 13: A very experienced Board of Directors.

2. Shares, Options and Placement:

Price $1.25, was $1.40, but retraced:
http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=AU%3AADU&time=&freq=

At present it is in a sideways motion and is consolidating.

Shares and options: 56.75 mill shares and about 15 mill. 2004-206 unlisted options. Please note that North American Institutions took part in the latest $4 mill. placement @ $1.10 per share:
The company said: "Following significant interest in the Company’s Southern Ashanti Gold Project, the Directors of Adamus Resources are pleased to announce that the Company has committed to a private placement to select North American Institutions".

3. ASHANTI GOLD PROJECT--Ghana: (This is prior to further expansion-See below). Refer to the "Resources", right top of page-worthwhile viewing:
http://www.adamusresources.com.au/projectdetails.asp?id=1#

Applies for a further 241sq kms of ground at Ashanti- See MAP on page 2--Date 24 Sept. 2003
http://stocknessmonster.com/news-item?S=ADU&E=ASX&N=245066

Acquires Neighbouring Projects & Triples Land Holding:- -Date 18 Sept. 2003 -See MAP of previously mentioned website:
http://stocknessmonster.com/news-item?S=ADU&E=ASX&N=244705

SALMON North+Central: Results continue to impress--Date 17 March 2003:
http://stocknessmonster.com/news-item?S=ADU&E=ASX&N=234667

22000 metres of RC drilling at Salman commencing mid-Sept--Aug.20, 2003:
http://stocknessmonster.com/news-item?S=ADU&E=ASX&N=242555

SALMAN SOUTH: First Exploration drill holes produce impressive results incvluding 66 m @ 2.3 g/t gold.- Date 16 Oct. 2003:
http://stocknessmonster.com/news-item?S=ADU&E=ASX&N=246841

SALMAN CENTRAL: Detailed drilling -Date 20 Nov 2003:
http://stocknessmonster.com/news-item?S=ADU&E=ASX&N=250140

That is my opinion,
Gerry Stolwyk
Disclaimer: Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.