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Fourth Quarter Activities Report
7/26/02





MACMIN LIMITED 2002-07-26 ASX-SIGNAL-GHOMEX - Brisbane +++++++++++++++++++++++++1 SUMMARY & COMMENTSMacmin`s corporate objective is to focus the company on silver miningand exploration. This objective was substantially progressed duringthe quarter with the commencement of Ore Reserve definition drillingat the Texas Silver Project; the sale, (subject to shareholder andregulatory approval), of Macmin`s gold and gold/copper assets inPapua New Guinea (PNG), to TSX (Toronto venture exchange) listedcompany, New Guinea Gold Corporation (NGG); and the company willeffectively sell down its interest in unlisted public company, TasExResources Ltd (TasEx) by the issuance of a prospectus in the nearfuture.To further emphasise the focus on silver, Directors will seekshareholder approval, at a General Meeting to be held in earlySeptember, to change the company`s name to Macmin Silver Ltd.Macmin, in the Board`s opinion, is highly leveraged to futureincreases in the silver price. Shareholders should be aware thatMacmin`s share price is very sensitive to changes in the silverprice. Increases in silver price not only increase the value ofMacmin`s silver reserves but would also increase the quantity ofsilver in reserves and resources by allowing lower mining cut offgrades.1.1 TEXAS SILVER MINES PTY LTDAs foreshadowed in the previous quarterly report, a major drillingprogram commenced at Twin Hills during the quarter to expand thereserve base around the periphery of the proposed Phase 1 open pit. Atotal of 94 holes were drilled to maximum depths of 60m for a totalof 5173m of percussion drilling.This program is ongoing and is expected to continue throughout theremainder of 2002. A second rig (reverse circulation) recentlycommenced drilling at Twin Hills and a third, diamond core rig, isexpected on site in September.Updated, Measured/Indicated Resource and Ore Reserve figures, willnot be calculated until October 2002, to allow as much drillinformation as possible to be incorporated in the new figures.The program during the current quarter defined mineralisation withinthe previously announced Inferred Resource boundary, but also, asshown on the enclosed cross section, located a new zone of silvermineralisation adjacent to the eastern wall of the original proposedPhase 1 pit. Drill intercepts on section line 4175N include 6m @297g/t Ag and 34m a 121g/t Ag. This is an exciting new discoverywhich, in addition to increasing the in-pit Resource, should allowcost savings in mining, as it will permit a wider pit and reduce thestripping ratio. It may also allow the pit to be deepened, to accessmineralisation not previously included in the Ore Reserves. DuringAugust and September, drill testing of other prospects outsidethelimits of the Twin Hills mining lease will commence (includingdiamond core drilling at Mt Gunyan).For further details refer to the colour copy or section 4175N atwww.macmin.com.au and to Section 2.1 of this report.1.2 NEW GUINEA GOLD CORPORATIONOn 13th June 2002, Macmin announced that as part of its ongoingstrategy to become a silver focused mining and exploration company,it had reached an agreement to sell its wholly owned subsidiary,Macmin (PNG) Limited, to Toronto Venture Exchange listed company, NewGuinea Gold Corporation (NGG). NGG is currently owned 58% by MacminLtd, has approximately 20M shares on issue and is better positionedthan Macmin, market wise, to raise finance for development andexploration of the Papua New Guinea projects.Macmin (PNG) Ltd holds title to seven exploration leases and onemining lease in Papua New Guinea.Consideration for the sale will consist of additional shares in NGG,plus royalty arrangements in respect of any future production fromthe Papua New Guinea properties. At the conclusion of the sale andbefore additional finance is raised, Macmin will own approximately66% of NGG.The sale is subject to due diligence, regulatory and shareholderapproval, and is expected to be completed in early September. Furtherdetails are given in section 2.2 of this report.1.3 TASEX RESOURCES LTDMacmin`s 45% owned subsidiary, TasEx Resources Ltd (TasEx), on 27thJuly 2002, closed the offer of securities contained in the Prospectusdated 14 September 2001 and Supplementary Prospectus dated 13thDecember 2001. TasEx intends to issue a new, updated prospectus inthe near future, in line with its objective of achieving ASX listingduring 2002.Macmin, as part of its ongoing strategy to become a silver focusedmining and exploration company, has previously stated that it intends(subject to regulatory and commercial review) to distribute its10,000,000 shares in TasEx to Macmin shareholders by some form of inspecies distribution. The precise timing and manner of distributionis still subject to review.TasEx recently completed a small drilling program at its LisleProject in NE Tasmania. At Potoroo, drilling defined an open endedstructural zone containing high-grade gold in narrow quartz veinswithin a wider envelope of anomalous gold in granitic rocks. Gradessuch as 2m at 4g/t Au and 16g/t Ag were encountered (see also section2.3 of this report). The results are encouraging as chip samples fromindividual veins assayed up to 86.0g/t Au (the highest assay to dateon the license) and it is speculated there may be stacked veins orwider high-grade occurrences within the structural zone.At Enterprise four of five holes were abandoned due to technicaldrill problems and the drill holes did not provide a test of theprospect.Further drilling at both prospects is planned for later in2002.1.4 CORPORATEOn July 4th 2002 Macmin made a placement into New Guinea GoldCorporation (NGG) of CAD$110,000. Macmin will be issued with 862,745units of NGG at CAD$0.1275/unit. Each unit will consist of one shareand one warrant, the warrants being exercisable for a period of oneyear at a price of CAD$0.20. These funds will be used by NGG toproceed the acquisition of Macmin PNG Ltd by NGG, for initialexploration funding in PNG and for working capital.Macmin hasretained Marcel R Ewald in Switzerland to provide investorrelations and marketing advice to the company for Europe. Mr Ewaldhas arranged listings for Macmin on both the Berlin and FrankfurtStock Exchanges, and for articles on Macmin to be published in Germanfinancial publications. These listings have been very successful with30 million shares being traded on those exchanges between April 2ndand June 28th 2002. An investor road show in Europe is planned forearly October 2002.MORE TO FOLLOW

[manfred1_I]

Und dieses von heute:

MACMIN LIMITED 2002-07-29 ASX-SIGNAL-G

HOMEX - Brisbane

+++++++++++++++++++++++++
APPENDIX 3B
NEW ISSUE ANNOUNCEMENT

APPLICATION FOR QUOTATION OF ADDITIONAL SECURITIES AND AGREEMENT

Information or documents not available now must be given to ASX as
soon as available. Information and documents given to ASX become
ASX`s property and may be made public.

Introduced 1/7/96. Origin Appendix 5. Amended 1/7/98, 1/9/99,
1/7/2000.

Name of Entity
Macmin Limited

ABN
53 056 776 160

We (the entity) give ASX the following information.


PART 1 - ALL ISSUES
You must complete the relevant sections (attach sheets if
there is not enough space).



1. Class of securities issued Ordinary shares
or to be issued

2. Number of securities issued 800,000
or to be issued (if known)
or maximum number which
may be issued

3. Principal terms of the securities ordinary shares
(eg, if options, exercise price
and expiry date; if partly paid
securities, the amount
outstanding and due dates for
payment; if convertible securities,
the conversion price and dates
for conversion)

4. Do the securities rank equally Yes
in all respects from the date
of allotment with an existing
class of quoted securities

If the additional securities
do not rank equally, please
state:
* the date from which they do
* the extent to which they
participate for the next
dividend, (in the case of
a trust, distribution) or
interest payment
* the extent to which they do
not rank equally, other than
in relation to the next
dividend, distribution or
interest payment

5. Issue price or consideration $0.045 per share

6. Purpose of the issue (if conversion of employee
issued as consideration for options
the acquisition of assets,
clearly identify those
assets)

7. Dates of entering securities 29/07/02
into uncertified holdings
or despatch of certificates

NUMBER CLASS
8. Number and class of all refer attached
securities quoted on schedule
ASX (including the
securities in clause
2 if applicable)

NUMBER CLASS
9. Number and class of all refer attached
securities not quoted schedule
on ASX (including the
securities in clause 2
if applicable)

10.Dividend policy (in the case No dividend distribution is
of a trust, distribution envisaged in the near future.
policy) on the increased
capital (interests)

PART 2 - BONUS ISSUE OR PRO RATA ISSUE

Items 11 to 33 are Not Applicable

PART 3 - QUOTATION OF SECURITIES
You need only complete this section if you are applying for quotation
of securities


34. Type of securities (tick one)

(a) x Securities described in Part 1

(b) All other securities

Example: restricted securities at the end of the escrowed period,
partly paid securities that become fully paid, employee incentive
share securities when restriction ends, securities issued on expiry
or conversion of convertible securities

Entities that have Ticked Box 34(a)

Additional Securities Forming a New Class of Securities
(If the additional securities do not form a new class, go to 43)

Tick to indicate you are providing the information or documents

35. If the securites are equity securities, the names of
the 20 largest holders of the additional securities,
and the number and percentage of additional securities
held by those holders

36. If the securites are equity securities, a distribution
schedule of the additional securities setting out the
number of holders in the categories
1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 - and over

37. A copy of any trust deed for the additional securities
(now go to 43)

Entities that have Ticked Box 34 (b)

Items 38 to 42 are Not Applicable

ALL ENTITIES

Fees

43. Payment method (tick one)

Cheque attached

Electronic payment made
Note: Payment may be made electronically if Appendix 3B is
given to ASX electronically at the same time.

Periodic payment as agreed with the home branch has been
arranged
Note: Arrangements can be made for employee incentive
schemes that involve frequent issues of securities.

QUOTATION AGREEMENT

1. Quotation of our additional securities is in ASX`s absolute
discretion. ASX may quote the securities on any conditions it
decides.

2. We warrant the following to ASX.

* The issue of the securities to be quoted complies with the
complies with the law and is not for an illegal purpose.

* There is no reason why those securities should not be granted
quotation.

* An offer of the securities for sale within 12 months after
their issue will not require disclosure under section 707(3)
or section 1012C(6) of the Corporations Act.

* Section 724 or section 1016E of the Corporations Act does not
apply to any applications received by us in relation to any
securities to be quoted and that no-one has any right to
return any securities to be quoted under sections 737, 738 or
1016F of the Corporations Act at the time that we request that
the securities be quoted.

* We warrant that if confirmation is required under section
1017F of the Corporations Act in relation to the securities to
be quoted, it has been provided at the time that we request
that the securities be quoted.

* If we are a trust, we warrant that no person has the right to
return the securities to be quoted under section 1019B of the
Corporations Act at the time that we request that the
securities be quoted.

3. We will indemnify ASX to the fullest extent permitted by law in
respect of any claim, action or expense arising from or connected
with any breach of the warranties in this agreement.

4. We give ASX the information and documents required by this form.
If any information or document not available now, will give it to
ASX before quotation of the securities begins. We acknowledge that
ASX is relying on the information and documents. We warrant that
they are (will be) true and complete.


G M Edwards
COMPANY SECRETARY
29/07/2002

ANNEXURE "A"

APPENDIX 3B - ASX LISTING RULES

New issue announcement, application for quotation of additional
securities and agreement
and agreement

8. Number and class of all securities quoted on ASX (including
the additional securities)-

NOTE:

NUMBER CLASS
260,841,902 Ordinary shares fully paid (including 800,000
additional)

260,841,902 Total shares


90,576,608 Options exercisable on or before 20 September
2005

90,576,608 Total options

9. Number and class of all issued securities not quoted on ASX
(including options, preference shares, convertible notes,
partly paid shares, loan securities, etc.)

655,000 Non trasferable Options (Employees) exercisable
between 1 December 1998 and 1 December 2002 at 20 cents.

2,295,000 Non transferable Options (employees) exercisable
between 28 May 2000 and 28 May 2004 at 20 cents.

725,000 Non transferable Options (employee) exercisable
between 25 September 2001 and 24 September 2006 at
4.5 cents.

--------------------------------------------------------------------------------

[manfred1_I]

Das ist interessant:

An investor road show in Europe is planned forearly October 2002.MORE TO FOLLOW

[manfred1_I]

Fourth Quarter Cashflow Report

Document date: Wed 31 Jul 2002 Published: Wed 31 Jul 2002 10:49:31
Document No: 147689 Document part: A
Market Flag: Y
Classification: Fourth Quarter Cashflow Report
MACMIN LIMITED 2002-07-31 ASX-SIGNAL-G

HOMEX - Brisbane

+++++++++++++++++++++++++
MINING EXPLORATION ENTITY QUARTERLY REPORT

Name of entity
Macmin Limited

ACN or ARBN Quarter ended ("current quarter")
056 776 160 30/06/2002

CONSOLIDATED STATEMENT OF CASH FLOWS

Cash flows related to Current Year to date
operating activities Quarter (12 months)
AUD`000 AUD`000
1.1 Receipts from product sales
and related debtors - -
1.2 Payments for
(a) exploration and evaluation (317) (752)
(b) development - -
(c) production - -
(d) administration (199) (573)
1.3 Dividends received - -
1.4 Interest and other items of
a similar nature received 16 41
1.5 Interest and other costs of
finance paid - -
1.6 Income taxes paid - -
1.7 Other - Subsidiary prospectus costs - (181)

Net Operating Cash Flows (500) (1,465)

Cash flows related to investing activities
1.8 Payment for purchases of:
(a) prospects - -
(b) equity investments - -
(c) other fixed assets (57) (83)
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)
tenement deposits (99) (123)

Net investing cash flows (156) (206)

1.13 Total operating and
investing cash flows (656) (1,671)

Cash flows related to financing activities
1.14 Proceeds from issues of
shares, options, etc. 2,319 3,428
1.15 Proceeds from sale of
forfeited shares - -
1.16 Proceeds from borrowings - -
1.17 Repayment of borrowings - -
1.18 Dividends paid - -
1.19 Other: J.Venture funds - received in
advance / (expended on behalf of JV
Partners) - -

Net financing cash flows 2,319 3,428

Net increase (decrease) in cash held 1,663 1,757

1.20 Cash at beginning of quarter/
year to date 986 892

1.21 Exchange rate adjustments to item 1.20 - -

1.22 Cash at end of quarter 2,649 2,649


PAYMENTS TO DIRECTORS OF THE ENTITY AND ASSOCIATES OF THE DIRECTORS
PAYMENTS TO RELATED ENTITIES AND ASSOCIATES OF THE RELATED ENTITIES

Current Quarter
AUD`000

1.23 Aggregate amount of payments to
the parties included in item 1.2 124

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

1.25 Explanation necessary for an understanding
of the transactions

Directors: salaries & consulting fees

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

-

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

-


FINANCING FACILITIES AVAILABLE
Add notes as necessary for an understanding of the position.

Amount Amount
available used
AUD`000 AUD`000

3.1 Loan facilities - -
3.2 Credit standby arrangements - -


ESTIMATED CASH OUTFLOWS FOR NEXT QUARTER AUD`000

4.1 Exploration and evaluation 500
4.2 Development -

Total 500


RECONCILIATION OF CASH

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

5.1 Cash on hand and at bank 314 376
5.2 Deposits at call 2,335 610
5.3 Bank overdraft - -
5.4 Other (provide details) - -

Total: cash at end of quarter (item 1.22) 2,649 986


CHANGES IN INTERESTS IN MINING TENEMENTS

Tenement Nature of Interest at Interest
reference interest beginning at end of
(note(2)) of quarter quarter

6.1 Interests in
mining tenements
relinquished,
reduced or lapsed -

6.2 Interests in
mining tenements
acquired or
increased -


ISSUED AND QUOTED SECURITIES AT END OF CURRENT PERIOD
Description includes rate of interest and any redemption or
conversion rights together with prices and dates.

Category of Number Number Issue Paid-up
securities issued quoted Price value
(cents) (cents)
7.1 Preference
securities
(description) Nil Nil


7.2 Changes during
current period
(a) increases through
issues - -
(b) decreases through
returns of capital
buybacks,
redemptions - -


7.3 Ordinary
securities 259,591,902 259,591,902


7.4 Changes during
current period
(a) increases through
issues 44,000,000 44,000,000 $ 0.055
825,000 825,000 $ 0.045
(b) decreases through
returns of capital
buybacks


7.5 Convertible debt
securities
(description and
conversion factor) Nil Nil


7.6 Changes during
current period
(a) increases through
issues - -
(b) decreases through
securities matured,
converted - -


7.7 Options (description Exercise Expiry
and conversion factor) price date
(cents)

90,576,608 90,576,608 12 20/09/2005
655,000 - 20 01/12/2002
2,295,000 - 20 28/05/2004
3,200,000 - 12 03/07/2002
1,525,000 4.5 24/09/2006


7.8 Issued during
current period 22,000,000 22,000,000 12 20/09/2005


7.9 Exercised during
current period 825,000 - 4.5 24/09/2006


7.10 Expired during
current period - -


7.11 Debentures
(totals only) Nil Nil

7.12 Unsecured notes
(totals only) Nil Nil


COMPLIANCE STATEMENT

1 This statement has been prepared under accounting policies which
comply with accounting standards as defined in the Corporations Law
or other standards acceptable to ASX.

2 This statement does give a true and fair view
of the matters disclosed.

G M Edwards Date: 31/07/2002
COMPANY SECRETARY

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