Please select an exploration below. a) Cadia District b) Gosowong (82.5%) c) Telfer District d) Cracow (70%) f) Reports Operations Projects

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d) Cracow (70%)

The strategy of identifying gold-mineralised structures with widely spaced discovery drilling, whilst mine development proceeded, led to the discovery of mineralisation in the Sterling structure. Gold mineralisation for future resource definition drilling has now been identified in the Sterling, Klondyke North, Roses Pride, Sovereign, Empire and Phoenix structures; in addition to the Royal and Crown shoots.The Sterling structure is located about 300 metres to the west of the Empire structure. Additional drilling is continuing on Sterling to broadly outline the mineralisation. Drilling results from the Sovereign structure indicated possible enhancements to this mineralisation. Further broadly spaced drilling is needed before systematic resource definition drilling is undertaken on the additional six identified gold mineralised structures.

Discovery drilling for additional gold mineralised structures will continue in 2004/05 on areas surrounding the Crown and Royal shoots, and on identified targets in the eastern part of the Cracow goldfield.