Redback- the next KCN?, page-4

Now I'm more confused, anyway, dates aside, you'll get the drift.

QUARTERLY REPORT
For the period ending 30 September 2002
HIGHLIGHTS
Bankable Feasibillty Study ("BFS") for the Chirano Gold Project in Ghana continues
with data collection complete and lnterpretatlon and reporting underway. The BFS will
be completed In the December 2002 Quarter.
.
Major 13,633111m drilling program completed. New resource/reserve inventory to be completed in the December 2002 quarter.

Higher gold grades achieved in diamond twin holes and during in-fill drilling,
indicating potential for increased gold output.

Other BFS components finalised with positive outcomes including plant flow sheet
design, water balance studies, tailings analysis, haul road design, plant and tailings
dam geotechnical studies, open pit dewatering studies and sterilisation drilling.

Six month option secured over key capital items for a two million tonne per annum
Chirano processing plant, ensuring maximum development flexibility.