March 2004 Quarterly Report

April 30th, 2004

Republic Gold Limited

Report on Activities for the Quarter Ended
31 March 2004

Key Points

• Successful closing of Republic’s IPO on 9 January 2004. The IPO was underwritten by Lands Kirwan Tong and closed oversubscribed, raising $5.835m.

• Republic’s debut on the Australian Stock Exchange on 16 January 2004.

• The completion of the transaction with Jackson Gold and International Goldfields whereby 75% of EPM’s 9869 and 13848 in the Hodgkinson Basin in Queensland were transferred to the Company for payment of $100,000 and 6,000,000 shares.

• The completion of the transaction with Marlborough Resources whereby 75% of EL 5777 at Lucky Draw in the Lachlan Foldbelt in NSW was transferred to the Company for payment of $250,000 and 6,250,000 shares.

• Commencement of activities on the Company’s Hodgkinson Basin properties with two experienced exploration geologists starting work and an office being established in Mareeba.

• Consulting structural geologist, Dr Steve King, visits two of the Hodgkinson Basin projects and provides the Company with a positive initial appraisal. Dr King has been instrumental in helping to develop the Fosterville geological model over the past 8 years.

• A review of the extensive WMC and other company records for the initial drill testing at Northcote revealed a number of very significant drill intercepts such as 8 metres at 10.0 g/t and a down structure intercept of 37 metres at 9.04 g/t Au within 61 metres at 7.0 g/t Au.

• The appointment of Drilling contractor OME Drilling of Charters Towers, with drilling commencing in the Hodgkinson Basin in mid-April. Visible mineralisation has been encountered in the initial diamond drillholes at the Northcote Project and is awaiting analysis.

• The grant of EPM 13936 in the Hodgkinson Basin after no native title claims were lodged.

• Mr Chris Roberts filling the role of Exploration Director for the Company following his stepping back from executive duties at Perseverance Corporation Limited.

• Cash reserves at the end of the March Quarter were $4.936M.

For more information, please contact: Greg Barns ( on 0419 691 846 or John Kelly ( on 0418 577 579.

This item is archived at:

Please note: Older news items are retained for archival purposes only. The information in older news items may be out of date. For the latest RGL news, visit our News area.