Tanzania exploration overview Golden Pride Area Nyakafuru Area Activities 17 RESOLUTE MINING LIMITED 2004 ANNUAL REPORT FIGURE 5 Golden Pride and adjacent mine exploration targets Matinge West PL’s Matinge PL Mwashimba PL >10 ppb Gold Soil & Drilling Anomaly Golden Pride Eastern Footwall Resource Golden Pride Pit Golden Pride East Resource >10 ppb Gold Soil Anomalism 5 km Mineralised Quartz Reefs + 3km strike Rock Chips >20g/t Au Drilling 10m @18g/t from 10m The Golden Pride East mineralised area is located approximately 500m east along strike from the Golden Pride open cut mine. Previous rotary air blast drilling has intersected anomalous values including 10m @ 1.3g/t Au, 3m @ 3.8g/t Au and 3m @ 1.3g/t Au in sheared volcaniclastic rocks within the Golden Pride shear. The tenements cover a sequence of intercalated mafic volcanics, volcaniclastic sediments, banded iron formation and intrusive porphyries Geology and Mineralisation  Regional soil, auger and induced polarisation surveys continue to define targets for air core drilling. Reverse circulation drilling on the Kanegele shear at the Cullen and Mentelle prospects returned further encouraging results and follow up drilling is planned. The Company has several Joint Ventures in this area, one with Gallery Gold Limited (Spinifex Gold Limited), another with Sub Sahara Resources Ltd and several with local tenement holders. The majority of the tenure lies within a 20km radius of Nyakafuru, the area of influence for the Spinifex JV.  Several phases of drilling have defined a mineralised zone 300m long that remains open at depth and down plunge along strike. It has similar characteristics to the Eastern Footwall Zone that is currently being developed as an extension to the Golden Pride pit i.e. a broad low-grade system averaging around 2g/t Au with higher-grade zones. Further drilling is required to define the potential resource. Figure 5 shows the major prospects proximal to the Golden Pride treatment plant defined in this region. Encouraging results have been obtained from a number of projects where first pass drilling was completed during the year. Due to the high gold price and accelerated exploration world-wide, a shortage of drill rigs has occurred. This has delayed follow up of these targets on many of the projects and slowed the definition of new resources that have the potential to add to the mine life at Golden Pride and elsewhere.  In Tanzania, exploration this year has been focused on areas proximal to the Golden Pride mine and the Nyakafuru Project. Additional tenure in the Mwashimba and Matinge regions was acquired and exploration commenced. Reverse circulation drilling was undertaken to assess the width, strike extent and tenor of gold mineralisation and intersected moderately to extremely weathered, ferruginous and quartz veined metasediments. intruded by late granites. The area is structurally complex with a number of strong north-trending structures defined by late dolerite dykes and more subtle north-west and north-east trending structures. Exploration in this region has defined two major mineralisation styles: • Nyakafuru style, high-grade, quartz lode type mineralisation which has extensive carbonate-silica-pyrite alteration • Broad low-grade, disseminated, shear hosted gold mineralisation typically located within the north-east trending Kanegele shear system