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HAO-Haoma Mining. Share price: 18 cents.

Web site: http://www.haoma.com.au

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

1. Current shareholding: 193 mill shares. and $4.5 mill. cash on 30 Oct. Price: 18 cents.

2. Exploration.
2.1 HAO Tenements NEXT to DEG Mining greenfields discovery, including Chart:
http://www.haoma.com.au/2003/E45_1562_Announcement151203.pdf

2.2 Sept 30 Report:
http://stocknessmonster.com/news-item?S=HAO&E=ASX&N=202440

Extract:
Loss $1.95 mill. Cash $4.5 mill. on 30 Oct.
Mickey’s Find, Pilbara WA (M45/328) – During the Quarter a Resource estimate was completed for the Breens area based on three holes. These holes define a continuous, open ended, zone of mineralisation with an inferred Resource of 2.6 million tonnes averaging 0.52% copper, 0.36g/t gold and 6.1g/t silver.

The current Resource estimate for the combined Mickey’s Find and the adjacent Breen’s exploration areas is in excess of 14.4 million tonnes containing approximately 410,000 ounces of gold, 3 million ounces of silver and 13,000 tonnes of copper.

A further drilling program and test work is being conducted in the current Quarter.

• Bamboo Creek and Normay, Pilbara WA – During the Quarter extensive plant and laboratory trials were carried out at Bamboo Creek on the gravity recovery from low grade Pilbara ores. Overall the tests to date show that low grade Mickey’s Find oxide ore can be viably processed using a low cost gravity/flotation process combined with a heap leach facility.

Preliminary results also indicate that gravity processing of ores from the Just in Time and Comet leases (near Marble Bar) may be viable.

• Podosky’s Prospect, Ravenswood, QLD (EPM8771) - During the Quarter 17 holes were completed at the Podosky’s Prospect for an additional 804m of drilling. The drilling has confirmed the erratic, high-grade stockwork style of mineralisation and has defined its strike extent over a 100m zone.

The mineralisation remains open at depth. A Resource estimate of 50,903 tonnes at 4.96g/t Au and 6.97g/t Ag has been calculated. The viability of trucking the ore for toll treatment at a nearby plant is being assessed.

3. Summary: HAO's tenements next to DEG's could be highly prospective.-See 2.1-Chart.


Gerry
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