The average revenue price achieved during the quarter ended 31...

The average revenue price achieved during the quarter ended 31 March
2002 was A$578/oz of gold poured (December A$565/oz).

Group Hedging Profile at 31 March 2002

Gold Forward Sales Call Options
Hedging

Sold
Ounces $ Ounces $
AUD's
Y/E 30/6/02 45,000 524 52,500 564
45,000 524 52,500 564
USD's
Y/E 30/6/02 83,958 293 10,000 290
Y/E 30/6/03 64,565 304 - -
Y/E 30/6/04 115,706 304 - -
Y/E 30/6/05 21,281 304 - -
285,510 301 - -
Total 330,510 62,500

Currency US$/A$ Forwards
Hedging US$ Average
FX rate
Y/E 30/6/02 1,991,498 0.7656
Y/E 30/6/03 5,750,000 0.5154
7,741,498 0.5627