to the followers

Central Kalgoorlie Gold Mines Limited
ABN 46 008 942 809
Level 4, 140 St Georges Tce, Perth, W.A. 6000 Telephone: (08) 9322 2288
P.O. Box 7752, Cloisters Square W.A. 6850 Facsimile: (08) 9324 2164
Email: [email protected]

31 July 2003 Pages 12

The Manager
Australian Stock Exchange Limited
Company Announcements Office
PO Box H224 Australia Square
SYDNEY NSW 2000

QUARTERLY REPORT FOR PERIOD ENDING 30 JUNE 2003

Highlights
. Initial drilling at Sherlock Bay Nickel Project outlines continuous zone
of nickel mineralisation over a strike length of 500 metres.
. Increase in Measured Resource at Eureka
. New Bulong Farm in agreement with Yilgarn Gold Limited

EXPLORATION

Sherlock Bay Nickel Copper Project.
Drilling commenced at the Sherlock Bay Nickel Copper Project during the quarter with a
total of 27 Reverse Circulation (RC) drill holes completed for a total
of 4,021 metres.
This drilling has outlined a continuous zone of nickel mineralisation within the eastern
zone over a strike length of 500m (from 20575E to 21075E) and to a depth of at least
220m below the surface. Mineralisation grading over 0.5% Ni was intersected within
12
metres of the surface.
The zone of nickel mineralisation grading over 0.5% Ni is open to the east with the

eastern most hole (SB 17) intersecting 15 metres averaging 0.55% Ni at a depth of
approximately 70 metres below the surface.
The mineralised zone is also open at depth with the two deepest holes intersecting
significant mineralisation. SB 28 (20684E) intersected 32m averaging
0.51% Ni at a
depth of 220 metres below the surface and SB 26 (20637E) intersected 29m at 0.60% Ni
at a depth of 175 metres.

Mineralisation in the eastern zone seems to be terminated to the west by a transverse
fault zone, which separates the eastern zone from the western mineralise
d zone.
Drillholes SB 19 to 21 and SB 23 to 24 were drilled within this fault zone with only a

minor width greater that 0.5% Ni intersected.

Of the 22 holes drilled east of the fault zone, nickel mineralisation in
association with
sulphidic black chert was intersected in 20 holes.

1



------------------------------------------------------------- page 2


Best mineralisation was in drillhole SB 2 which intersected 50metres at 0.66% Ni from 48
metres to 98 metres. Within this zone was a width of 4 metres grading 1.32% Ni in an
intersection of 17 metres of 0.78% Ni from 81 metres to 98 metres.
Other mineralised intersections ranged in width from 6 metres to 35 metres with grades
between 0.51% and 0.76% Ni.
The two holes that failed to intersect nickel mineralisation were collared to the south of
the mineralised zone as a result of difficulty in re-establishing the position of earlier
drillholes.

As previously announced on 19 May 2003, CKG intends to exercise its option to acquire
the Sherlock Bay Project subject to shareholder approval. A draft Notic
e of Meeting and
Explanatory Memorandum has been lodged with the ASX and ASIC and it is expected
that the Notice of Meeting will be mailed to shareholders in early August for
a meeting of
shareholders to be held in mid September.

Details of drilling completed are as follows:
Drillhole From To Interval %Ni
SB 1 Mineralised horizon not intersected
SB 2 48m 75m 27m 0.69
81m 98m 17m 0.78including
82m 86m 4m 1.32
SB 3 Mineralised horizon not intersected
SB 4 40m 49m 9m 0.72
58m 59m 1m 1.02
75m 91m 16m 0.53
SB 5 16m 18m 2m 0.54
23m 27m 4m 0.61
62m 71m 9m 0.76
SB 6 42m 48m 6m 0.54
106m 129m 23m 0.72
SB 7 91m 126m 35m 0.56
148m 161m 13m 0.60
No mineralisation intersected
SB 8 17m 22m 5m 0.50
SB 9 85m 120m 35m 0.51
SB 10 105m 132m 27m 0.52
145m 155m 10m 0.62
SB 11 No mineralisation above 0.5% Ni intersected
SB 12 77m 90m 13m 0.56
SB 13 102m 113m 11m 0.64
SB 14 75m 88m 13m 0.60
SB 15 77m 84m 7m 0.57
SB 16 61m 82m 21m 0.57
SB 17 72m 87m 15m 0.55
SB 18 53m 61m 8m 0.53
86m 89m 3m 0.51
SB 19 No significant mineralisation
SB 20 70m 76m 6m 0.48
SB 21 No significant mineralisation
SB 22 144m 152m 8m 0.50
SB 23 No significant mineralisation
SB 24 No significant mineralisation
SB 25 118m 131m 13m 0.60
144m 149m 5m 0.54
159m 162m 3m 0.55
SB 26 165m 194m 29m 0.60
SB 28 157m 166m 9m 0.51
209m 221m 12m 0.63
227m 241m 14m 0.51
2



------------------------------------------------------------- page 3


Drillhole Co-ordinates are as follows:
Drillhole North East Decl Brg Depth
SB 1 10060 20643 -81 180 150m
SB 2 10075 20645 -80 180 155m
SB 3 10046 20646 -78 180 150m
SB 4 10107 20640 -60 180 150m
SB 5 10100 20688 -59 180 150m
SB 6 10100 20689 -73 180 168m
SB 7 10115 20688 -73 180 174m
SB 8 10059 20688 -59 180 80m
SB 9 10139 20760 -55 180 180m
SB 10 10153 20760 -54 180 162m
SB 11 10092 20760 -55 180 78m
SB 12 10128 20822 -60 180 103m
SB 13 10132 20883 -60 180 145m
SB 14 10132 20883 -45 180 108m
SB 15 10103 20951 -60 180 97m
SB 16 10104 21006 -60 180 109m
SB 17 10103 21064 -60 180 109m
SB 18 10111 20587 -60 180 133m
SB 19 10097 20532 -60 180 73m
SB 20 10097 20471 -60 180 138m
SB 21 10120 20471 -60 180 150m
SB 22 10150 20587 -60 180 228m
SB 23 10112 20532 -60 180 138m
SB 24 10143 20534 -60 180 200m
SB 25 10144 20637 -60 180 200m
SB 26 10146 20637 -70 180 249m
SB 28 10132 20684 -75 180 244m

Background to Sherlock Bay Nickel Copper Project, Karratha, WA.
The Sherlock Bay Ni Cu Project is well located, 7km off Highway 1, 50 minutes drive
from Karratha. The deposit is situated close to road, rail, grid electricity, port and gas
pipeline infrastructure, as well as the townships of Roebourne, Karratha
and Whim
Creek. Nearby infrastructure developments over the last 30 years have considerably
enhanced the economic potential of this project.
Favourable preliminary metallurgical test work was reported in 1973, with >80% nickel
and copper recoveries into a marketable concentrate (8-12% Ni content)
.

Eureka Gold Project
On 2 July 2003 the Company announced an updated Measured Resource estimate
of 451,000 tonnes at 4.4g/t Au containing 64,200 ounces of gold at its Eureka Project
north of Kalgoorlie.
The new resource estimate follows evaluation of drilling completed since an initial
Measured Resource of 250,000 tonnes at 4.8 g/t Au containing 38,000 ounces of
gold was announced in September 2002.

3



------------------------------------------------------------- page 4


The resource is contained in three shoots around and beneath the existing Eureka
open pit:
Shoot Tonnes Grade Contained Gold
Northern Shoot 350,000 4.8 g/t Au 54,000 ounces
Central Shoot 24,000 3.5 g/t Au 2,700 ounces
Southern Shoot 77,000 3.0 g/t Au 7,500 ounces
Total 451,000 4.4 g/t Au 64,200 ounces
The Northern Shoot extends from 4145N to 4310N, between RL 360 (60m below the
surface) and RL 190 (230 m below the surface) and is open at depth over a strike
length of 150m. The bulk of the resource lies beneath the depth of the old pit with a
wedge extending 50 metres above the pit floor in the immediate northern batter of
the pit.
The Central Shoot extends from 4050N to4105N, between RL 310 (the floor of the
old pit) and RL 260 and the Southern Shoot extends from 3970N to 4030N, between
RL 370 (50m below the surface) and RL 250 (170m below the surface). Both the
Central and Southern Shoots are open at depth.

The directors also wish to announce that, subject to shareholder approva
l, CKG intends
to exercise its option to acquire the remaining 50% of the Eureka tenements under the
terms of its April 2002 agreement with Jasper Mining Pty Ltd.
CKG is at present in discussions with a Kalgoorlie based mining company interested in
mining part of the Northern Shoot. Final pit designs are about to be lodged with the
Mines Department for approval to mine.
The Company.s objective is for further exploration and drilling of the Eureka project to be
self funding and is hopeful that successful negotiations towards mining the resource will
achieve this objective.

New Bulong Farm In Agreement
Exploration continued at the New Bulong Project, 30 km east of Kalgoorli
e, which is
covered by the Farm in Agreement between CKG and Yilgarn Gold Limited (
Yilgarn). A
total of 2,297 metres of RC drilling was completed during the quarter.

Under the terms of the agreement, CKG has the right to earn a fifty percent equity
in the
New Bulong Project which comprises a contiguous block of 20 tenements covering 62
square kilometres. To earn its fifty percent interest CKG is required to spend
$1,000,000
on drilling and exploration over two years.
CKG must spend a minimum of $250,000 on exploration activities during the first six
months of the Agreement to earn an initial 12.5% interest in the project. Following the
expenditure of the initial $250,000, CKG will earn a further 5% interest for every
additional $100,000 spent on the project to a maximum interest of 50% after expenditure
of a total of $1,000,000.

Boundary Prospect
CKG completed two phases of drilling totalling 2,297 metres at the Boundary Prospect
during the quarter. Shallow gold mineralisation was intersected in all
but six holes.
4



------------------------------------------------------------- page 5


Best mineralization was as follows:
Drillhole From To Interval Grade
NBB 2 49m 56m 7m 6.72 g/t Au
NBB 4 79m 81m 2m 10.80 g/t Au
NBB 7 46m 50m 4m 7.72 g/t Au
57m 61m 4m 6.52 g/t Au
NBB 8 46m 47m 1m 6.43 g/t Au
56m 57m 1m 4.21 g/t Au
79m 81m 2m 5.70 g/t Au
NBB 10 34m 35m 1m 9.02 g/t Au
52m 55m 3m 3.90 g/t Au
NBB 11 30m 32m 2m 5.40 g/t Au
39m 40m 1m 4.14 g/t Au
45m 49m 4m 3.80 g/t Au
NBB 12 62m 65m 3m 3.70 g/t Au
85m 86m 1m 6.03 g/t Au
NBB 26 79m 80m 1m 5.89 g/t Au
Drilling by a previous explorer had returned intersections of:
19m at 8.5g/t Au in BRC33 from 38m to 57m and
6m at 4.3g/t Au in BRC32 from 35m to 41m.

Drilling was carried out to further define a zone of shallow gold mineralization indicated
by previous drilling at the Boundary Prospect which is one of a number of highly
prospective zones covered by the farm in agreement between CKG and Yilgarn Gold
Limited.

Results in excess of 1g/t Au are summarised below:
Drillhole From To Interval Grade
NBB 1 32m 36m 4m 1.65 g/t Au
NBB 2 49m 56m 7m 6.72 g/t Au including
54m 55m 1m 29.20 g/t Au
65m 69m 4m 2.36 g/t Au
NBB 3 33m 39m 6m 2.50 g/t Au
NBB 4 41m 43m 2m 1.64 g/t Au
51m 53m 2m 2.26 g/t Au
55m 59m 4m 1.70 g/t Au
79m 86m 7m 4.31 g/t Au including
79m 81m 2m 10.80 g/t Au
NBB 5 68m 70m 2m 3.35 g/t Au
NBB 6 32m 50m 18m 1.20 g/t Au
NBB 7 41m 51m 10m 3.83 g/t Au including
46m 50m 4m 7.72 g/t Au
57m 61m 4m 6.56 g/t Au
NBB 8 45m 52m 7m 2.12 g/t Au including
46m 47m 1m 6.43 g/t Au
63m 67m 4m 1.44 g/t Au
78m 83m 5m 2.86 g/t Au including
80m 81m 1m 9.18 g/t Au
NBB 9 32m 33m 1m 1.32.g/t Au
38m 39m 1m 1.47.g/tAu
NBB 10 31m 32m 1m 1.89.g/t Au
34m 35m 1m 9.02.g/tAu
38m 39m 1m 1.69.g/tAu
48m 50m 2m 2.90.g/t Au including
49m 50m 1m 4.51 g/t Au
51m 55m 4m 3.53 g/t Au

5



------------------------------------------------------------- page 6


Drillhole From To Interval Grade
NBB 11 24m 25m 1m 1.15 g/t Au
30m 32m 2m 5.41 g/t Au
39m 40m 1m 4.14 g/t Au
45m 51m 6m 2.90 g/t Au including
45m 49m 4m 3.78 g/t Au
NBB 12 45m 48m 3m 1.52 g/t Au
55m 57m 2m 1.92 g/t Au
62m 67m 5m 2.75 g/t Au including
62m 65m 3m 3.70 g/t Au
76m 77m 1m 3.09 g/t Au
86m 88m 2m 3.50 g/t Au including
86m 87m 1m 6.03 g/t Au
NBB 14 30m 31m 1m 1.86 g/t Au
43m 45m 2m 1.55 g/t Au
NBB 15 45m 46m 1m 1.21 g/t Au
68m 69m 1m 1.17 g/t Au
72m 73m 1m 1.35 g/t Au
81m 82m 1m 1.29 g/t Au
NBB 16 41m 43m 2m 1.55 g/t Au
56m 57m 1m 2.70 g/t Au
59m 61m 2m 1.55 g/t Au
63m 64m 1m 1.44 g/t Au
NBB 18 48m 49m 1m 2.38 g/t Au
67m 68m 1m 2.46 g/t Au
77m 78m 1m 1.41 g/t Au
81m 84m 3m 2.27 g/t Au
NBB 22 26m 28m 2m 2.97 g/t Au
32m 33m 1m 3.49 g/t Au
NBB 23 66m 68m 2m 1.58 g/t Au
93m 94m 1m 2.62 g/t Au
NBB 26 76m 77m 1m 1.06 g/t Au
79m 80m 1m 5.89 g/t Au
NBB 28 97m 98m 1m 1.01 g/t Au
Drillhole co-ordinates are as follows:
Drillhole North East Decl. Azimuth Depth
NBB 1 4913 1976 -60 270 96m
NBB 2 4913 1985 -60 270 90m
NBB 3 4932 1974 -60 270 80m
NBB 4 4932 1986 -60 270 90m
NBB 5 4949 1967 -60 270 70m
NBB 6 4948 1975 -60 270 70m
NBB 7 4948 1985 -60 270 75m
NBB 8 4947 1994 -60 270 90m
NBB 9 4969 1969 -60 270 60m
NBB 10 4969 1979 -60 270 70m
NBB 11 4969 1988 -60 270 70m
NBB 12 4969 1996 -60 270 95m
NBB 13 4991 1964 -60 270 70m
NBB 14 4991 1973 -60 270 80m
NBB 15 4991 1982 -60 270 96m
NBB 16 4991 1991 -60 270 84m
NBB 17 4946 1957 -60 270 80m
NBB 18 4946 2002 -60 270 90m
NBB 19 4946 2011 -60 270 90m
NBB 22 4934 1965 -60 270 65m
NBB 23 4923 1992 -60 270 95m
NBB 24 4923 2001 -60 270 107m
NBB 26 4913 1994 -60 270 89m
NBB 27 4913 2003 -60 270 90m
NBB 28 4968 2005 -60 270 103m
NBB 29 4968 2014 -60 270 107m
6



------------------------------------------------------------- page 7


CORPORATE
The Company has changed its financial year end from 31 December to 30 Ju
ne.
The Australian Securities and Investment Commission (.ASIC.) has
granted CKG relief
from compliance with sub-section 323(D) of the Corporations Act for the purpose of
changing its financial year beginning on 1 January 2003. CKG.s next Annual Report will
cover the period 1 January 2003 to 30 June 2003.
CKG was previously controlled by American interests which had a December year end.
These investors no longer have shares in the Company.
The Company has made the change to a June 30 end of year so that its financial year
end is in line with the end of the taxation year and the Directors feel
that such a change
will result in more efficient preparation and reporting of financial res
ults.
Redmond Drilling
The Company has been advised that Redmond Drilling, in which CKG holds a 33%
interest, has been placed in administration.
In January 2002 CKG received from Redmond certain drilling equipment by way of a
commercial settlement and leased it back to Redmond. The Administrator of Redmond
Drilling is currently investigating the validity of CKG.s title to th
is equipment.
CKG is confident of the validity of its title to this equipment, and if the Administrator
challenges that title, CKG intends to vigorously defend its ownership of the equipment.
However, while strongly asserting its ownership of the equipment, CKG will work with the
Administrator to achieve an early resolution of any matters arising from Redmond Drilling
being placed in administration
Yours sincerely

A L Gerick
Managing Director
Technical information contained in this report related to the Measured Resource estimate has
been compiled by William D Goode. Mr Goode is a Member of the Australasian Institute of
Mining and Metallurgy with over 20 years. experience in the Australian mining industry and has
sufficient experience relevant to the style of mineralization and the type of deposit being reported
on to qualify as a Competent Person as defined in the 1999 Edition of the .Australasian Code for
Reporting of Mineral Resources and Ore Reserves.. Mr Goode is an independent geological
contractor and consents to the inclusion of the information in this report.

7



------------------------------------------------------------- page 8


Appendix 5B
Mining exploration entity quarterly report

Rule 5.3
Appendix 5B

Mining exploration entity quarterly report
Introduced 1/7/96. Origin: Appendix8. Amended 1/7/97, 1/7/98, 30/9/2001.

Name of entity
Central Kalgoorlie Gold Mines Limited

ABN Quarter ended (.current quarter.)
008 942 809 30 June 2003

Consolidated statement of cash flows
Current quarter Year to date
Cash flows related to operating activities $A.000 (...6....months)
$A.000
1.1 Receipts from product sales and related debtors - -
1.2 Payments for (a) exploration and evaluation (168) (354)
(b) development - -
(c) production - -
(d) administration (133) (308)
1.3 Dividendsreceived - -
1.4 Interest and other items of a similar nature received 1 1
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Other (provide details if material) - -
Net Operating Cash Flows (300) (659)

Cash flows related to investing activities
1.8 Payment for purchases of: (a)prospects - -
(b)equity investments - -
(c) other fixed assets - -
1.9 Proceeds from sale of: (a)prospects - -
(b)equity investments - -
(c)other fixed assets - -
1.10 Loans to other entities - -
1.11 Loans repaid by other entities - -
1.12 Other (provide details if material) - -
Net investing cash flows - -
1.13 Total operating and investing cash flows (carried
forward) (300) (659)

+ See chapter 19 for defined terms.
30/9/2001 Append



------------------------------------------------------------- page 9


Appendix 5B
Mining exploration entity quarterly report

1.13 Total operating and investing cash flows (brought
forward) (300) (659)

Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, etc. 579 1,179
1.15 Proceeds from sale of forfeited shares - -
1.16 Proceeds from borrowings - -
1.17 Repayment of borrowings - -
1.18 Dividendspaid - -
1.19 Other (provide details if material) - -

Net financing cash flows
579 1,179

Net increase (decrease) in cash held 279 520

1.20 Cash at beginning of quarter/year to date 253 12
1.21 Exchange rate adjustments to item 1.20 - -

1.22 Cash at end of quarter $532 $532

Payments to directors of the entity and associates of the directors

Payments to related entities of the entity and associates of the

related entities

Current quarter
$A'000

1.23 Aggregate amount of payments to the parties included in item 1.2 31

1.24 Aggregate amount of loans to the parties included in item 1.10 -

1.25 Explanation necessary for an understanding of the transactions

Consulting fees and reimbursement of expenses.

Non-cash financing and investing activities

2.1 Details of financing and investing transactions which have had a material effect on
consolidated assets and liabilities but did not involve cash flows

A Placement of 19,295,331 ordinary shares @ 3 cents was made on 28 May 2003 raising
$578,860 for working capital.

2.2 Details of outlays made by other entities to establish or increase their share in projects in
which the reporting entity has an interest

Not Applicable

+ See chapter 19 for defined terms.

30/9/2001 Append



------------------------------------------------------------- page 10


Appendix 5B
Mining exploration entity quarterly report

Financing facilities available
Add notes as necessary for an understanding of the position.

Amount available Amount used
$A.000 $A.000
3.1 Loan facilities - -

3.2 Creditstandbyarrangements - -

Estimated cash outflows for next quarter
$A.000
4.1 Exploration and evaluation 300

4.2 Development -

Total 300

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown Current quarter Previous quarter
in the consolidated statement ofcash flows) to the related $A.000 $A.000
items in the accounts is as follows.

5.1 Cash on hand and at bank 532 253

- -
5.2 Deposits at call

- -
5.3 Bankoverdraft

- -
5.4 Other (provide details)

Total: cash at end of quarter (item 1.22) 532 253

Changes in interests in mining tenements

Tenement Nature of interest Interest at Interest at
reference (note (2)) beginning end of
of quarter quarter
6.1 Interests in mining
tenements E15/627 100% Nil
relinquished, reduced
or lapsed
6.2 Interests in mining
tenements acquired or
increased Nil

+ See chapter 19 for defined terms.

30/9/2001 Append