acquires key gold projects

This sleeper may be about to show some signs of life. About bloody time. I hope John Jones can wave his magic wand over this on one(haha). I live in hope.
Cheers John.

Acquires Key Gold Projects from Gold Fields Subsidiary

Document date: Mon 20 Jan 2003 Published: Mon 20 Jan 2003 12:27:28
Document No: 231028 Document part: A
Market Flag: Y
Classification: Asset Acquisition , Progress Report
ANGLO AUSTRALIAN RESOURCES NL 2003-01-20 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
Anglo Australian Resources NL has completed an agreement with St Ives
Gold Mining Company Pty Ltd a wholly owned subsidiary of Gold Fields
Australia Pty Ltd, the Australian mining arm of Gold Fields Limited
of South Africa to acquire two key gold exploration projects -
Feysville and Carnilya - located south east of Kalgoorlie (refer
attached map).

The Feysville project consists of all mineral rights attached to two
mining leases located 16km SSE of Kalgoorlie. The project is situated
in the geological/structural corridor, bounded by the Boulder Lefroy
Fault, that hosts the world class deposits of Kalgoorlie and St Ives
as well as other substantial deposits in the New Celebration,
Kambalda and Hannans South areas. Previous exploration by WMC
Resources Ltd defined extensive surficial and supergene gold
mineralisation as well as numerous gold bedrock intersections.
Prospects remain underdrilled including a gold mineralised zone
defined over 200m (values up to 10m @ 9.1g/tAu) that remains open on
strike and at depth.

The Carnilya project consists of the gold mining rights only attached
to four mining leases located 45km south east of Kalgoorlie. The gold
potential of the project has been poorly tested as a result of past
exploration focusing on the nickel potential. Only 10% of all holes
drilled on the project were assayed for gold. Gold exploration
targets include two partially tested gold in soil anomalies (values
up to 4m @ 2.14g/t Au).

Consideration for the acquisition is 15,000,000 fully paid ordinary
AAR shares at a price of 2.6c each and 7,500,000 options exercisable
at 5c each. The acquisition and issue of shares and options will be
subject to shareholder approval.

As a consequence of a prior transaction between St Ives Gold Mining
Company Pty Ltd and WMC Resources Limited the Feysville project is
subject to a 1% gross royalty on gold and nickel as well as a 4%
gross royalty on gold production in excess of 250,000oz and a price
opportunity royalty of 10% of every dollar the gold price exceeds
A$600 and the acquisition of the gold mining rights at Carnilya is
subject to approval by WMC Resources Limited.

Details of a drilling programme on the Feysville project will be
announced on completion of the formal documentation.

J L C Jones
CHAIRMAN

Information in this Report relating to geological data has been
compiled by the Anglo Australian Resources NL Exploration Manager,
Peter Komyshan, who:

* is a full-time employee of Anglo Australian Resources NL;

* is a Member of the Australasian Institute of Mining and Metallurgy
and has had more than five years' experience in the field of
activity reported herein;

* has consented in writing to the inclusion of this data.