Annual exploration report Maud Creek East EL 10213 year ending 18 June 2003

Abstract

EL 10213 is centred 30km east of Katherine, NT. It is to the east of and contiguous with the company's Maud Creek tenements. The tenement was originally granted on 20th June 2000 to Katherine Mining NL. At that time Hill 50 Gold Limited was arranging purchase of the Maud Creek gold project and was establishing an exploration tenement asset base to supplement a planned mining operation at Maud Creek. It acquired the tenement as part of this transaction. In mid 2002 Harmony Gold (Australia) Pty Ltd acquired all the assets of Hill 50 Gold including its Northern Territory tenement holdings. EL 10213 covers a sector of Lower Proterozoic Tollis Formation rocks that correlate with the sequence hosting gold mineralisation at the Maud Creek mining centre. At this location Tollis Formation rocks are exposed as erosion windows in younger sandstones of the Kombolgie Formation, in Cambrian Antrim Plateau Volcanics and in Cretaceous sediments. During the year Harmony commissioned a photogeological study centred on the Maud Creek mining centre. The study area included the westernmost sector of EL 10213. The work included an interpretation of the airborne magnetic and radiometric data as well as topography. During the year Harmony also focused on exploratory RC and diamond core drilling at the adjacent Maud Creek project with the objective of extending the gold resource base of the project.