6 This statement of Reserves and Resources complies with the Australian Code for reporting of Mineral Resources and Reserves (The JORC code). The information in this report as it relates to ore reserves, mineral resources or mineralisation, is reported in accordance with the Aus.IMM Australian Code for reporting of identified Mineral Resources and Ore Reserves and is based on information compiled by DT Cairns and TH  Brown, competent persons as identified by the Code. Gold Reserves and Resources Project Gold Project Resolute Resolute  Tonnes Grade Contained Group Share Group Share g/t Ozs Gold % Ozs Reserves Reserves (Proved) Golden Pride (insitu) 5,670,000 2.2 401,000 100% 401,000 Golden Pride (stockpiled) 1,330,000 1.4 59,900 100% 59,900 Ravenswood (insitu) 24,500,000 1.0 764,000 100% 764,000 Syama (insitu) 2,240,000 3.6 259,300 80% 207,440 Total (Proved) 33,740,000 1.4 1,484,200 1,432,340 Reserves (Probable) Golden Pride (insitu) 2,850,000 2.4 219,900 100% 219,900 Golden Pride (stockpiled) 5,030,000 0.7 117,600 100% 117,600 Ravenswood (insitu) 9,350,000 0.9 270,500 100% 270,500 Ravenswood (stockpiled) 90,000 0.8 2,300 100% 2,300 Syama (insitu) 10,560,000 4.0 1,358,000 80% 1,086,400 Total (Probable) 27,880,000 2.2 1,968,300 1,696,700 Total Reserves 61,620,000 1.7 3,452,500 3,129,040 Resources Resources (Measured) Golden Pride 2,040,000 2.0 131,200 100% 131,200 Ravenswood 7,660,000 1.2 305,400 100% 305,400 Syama 5,940,000 1.8 343,800 80% 275,040 Obotan (includes Abore deposit) 3,420,000 2.2 241,900 90% 217,710 Belahouro 3,560,000 2.9 331,900 100% 331,900 Bullabulling/Carbine North 580,000 1.8 33,600 100% 33,600 Total (Measured) 23,200,000 1.9 1,387,800 1,294,850 Resources (Indicated) Golden Pride 3,750,000 2.0 241,100 100% 241,100 Ravenswood 20,820,000 1.3 856,800 100% 856,800 Syama 14,510,000 2.8 1,306,200 80% 1,044,960 Obotan (includes Abore deposit) 3,950,000 2.7 342,900 90% 308,610 Belahouro 3,670,000 2.8 330,400 100% 330,400 Bullabulling/Carbine North 430,000 1.9 26,300 100% 26,300 Total (Indicated) 47,130,000 2.0 3,103,700 2,808,170 Resources (Inferred) Golden Pride 7,800,000 1.9 476,500 100% 476,500 Ravenswood 12,500,000 2.4 962,200 100% 962,200 Syama 13,700,000 2.9 1,277,300 80% 1,021,840 Obotan (includes Abore deposit) 1,000,000 3.0 96,500 90% 86,850 Belahouro 1,700,000 2.7 147,600 100% 147,600 Total (Inferred) 36,700,000 2.5 2,960,100 2,694,990 Total Resources 107,030,000 2.2 7,451,600 6,798,010 Total Reserves  61,620,000 1.7 3,452,500 3,129,040 Total Reserves and Resources 168,650,000 2.0 10,904,100 9,927,050 reserves and resources  as at 30 June 2004