+ + + data and comments + + +, page-11

re: + + + annual report + + + Extracts:

"Two new lodes, Mali and Senegal, have been discovered adjacent to and readily accessible from the current mining operations at the Swan Bitter underground gold mine.

Theses lodes potentially open up a new 4.5 km long exploration target zone for additional new discoveries. Better gold intersections at Mali and Senegal include 12.60m @ 22.6g/t 7.95m @ 33.50g/t and 5.65m @ 6.11g/t respectively".

"New results from the high grade multiple Tasmania lodes are expected at the time of this report".

Total resources (all cat.) 586,650 oz on 31 Jan. 2004.