APG 0.00% 0.3¢ austpac resources nl

ASX Announcement

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    AUSTPAC RESOURCES NL 2002-07-17 ASX-SIGNAL-G

    HOMEX - Melbourne

    +++++++++++++++++++++++++
    Austpac Resources NL is currently involved in negotiations with a
    North American corporation with a view to forming a fully financed
    joint venture involving the establishment of an ERMS/EARS synthetic
    rutile plant in conjunction with an international mineral sands
    development.

    These negotiations, which are subject to a confidentiality agreement,
    are being progressed and final terms of the agreements will be
    announced once they are completed.

    For further information please contact:

    M J Turbott
    MANAGING DIRECTOR
 
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