ASX Announcement Dated 29 April, 2003
REPORT ON ACTIVITIES FOR THE QUARTER ENDED 31 MARCH, 2003

SUMMARY

Windimurra - Platinum

• 23 hole, 1,500 metre RC drilling programme commenced 25^th April. Results available end May.
• Four drill traverses to test beneath soil cover for prospective rock types and PGE anomalies in the vicinity of the Corner Well and Muleryon Hill prospects.

Narndee - Platinum (Falconbridge-Implats Joint Venture)

• Extensive ground checking, rock chip sampling and 3,900 sample infill soils campaign underway ahead of diamond drill programme proposed for mid to late June.

Windimurra - Gold

• 1,000 sample reconnaissance and infill soils campaign has confirmed and/or extended several geochemical soil anomalies at Paynesville.
• Selected anomalies and strike extensions to old workings tested by 32 shallow aircore drill holes for total of 1,324 metres.
• Association of anomalies with north-south corridors and locally a series of east-west quartz veins confirmed. Low order anomalies obtained in weathered profile surface but no ore grade intersections in quartz veins or host gabbros.

Jillawarra - Copper-Gold

• Second 600 sample soils campaign of 56 traverses returned encouraging results and reinforces targeting criteria.
• At 46-40 a 1.7 kilometre multi-element anomaly infers that low to moderate grade base metal mineralisation intersected over a strike of 150 metres by 1980’s diamond drilling is more extensive.
• Multi-element anomalies also confirmed and extended at No-Name, Cork Tree and Woodlands plus new 0.8 kilometre anomaly defined at Manganese Range.
• 3,000 metre RC drilling programme proposed for late May/June.

Corporate

• Working capital of $2,475,000. 38,208,755 fully paid shares on issue. 21,683,755 quoted.
• Falconbridge-Implats JV has spent $661,000 to date at Narndee.

Contact:
Stephen Stone
Executive Chairman
stone@apexminerals.com
Mb 0418 804 564

To view a full copy of the Quarterly Report, including maps and diagrams,
as a PDF file () CLICK HERE (428 kb)

To view a full copy of Appendix 5B attached to the Quarterly Report
in PDF () CLICK HERE (125 kb)

 

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