to the followers

  1. Yak
    13,672 Posts.
    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

 
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