ANNOUNCEMENTS

2003 Announcements

Key Consultants

Project Funding

Previous studies indicated likely capital expenditure of approximately US$31 million. The Company is examining a range of options for project funding and interest has been expressed by five banking groups to provide debt funding. Representatives of all those banks have made initial visits to the project site in November/December and discussions are continuing with a view to providing a mandate.

Exploration

Extensive exploration within the immediate project area has continued during the BFS period with the objective of identifying targets for follow up drilling to test for new shoots. It is expected that the first new drill target will be tested early in 2004.


Andrew J Cooke
Company Secretary

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.

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Part 2 - Change of director's interests in contracts

Date of Notice: 23 October 2003

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.

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Part 2 - Change of director's interests in contracts

Date of Notice: 23 October 2003

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.

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Part 2 - Change of director's interests in contracts

Date of Notice: 23 October 2003

20 October, 2003

Following shareholder approval at a General Meeting held in Melbourne on 7 October 2003 Austindo Resources Corporation NL (“ARX”) is pleased to confirm that it has finalised the placement of 52.5 million shares at 3.2 cents per share.

This additional working capital, together with funds raised from the recent successful Shareholder Share Purchase Plan, will fund the Company through and beyond the completion of its Bankable Feasibility Study (“BFS”) in respect of its 77% owned Cibaliung Gold Project in Banten Province, Indonesia.

The placement was made to the Company’s major shareholders, interests associated with some of the Directors of the Company and other parties determined by the Directors.
In accordance with ASIC Class Order 02/1180, which provides relief from certain prospectus requirements, the Company confirms that there is no price sensitive information which has not been announced by the Company to the ASX in reliance upon the confidentiality carve out in Listing Rule 3.1.

The funds raised place the Company in a healthy position to finalise the BFS and meet its working capital requirements while project funding for the Cibaliung project is put in place and the Company’s interests in Victoria are advanced.

Yours sincerely


Ian L. Price
Managing Director

07 October, 2003

The Company's General Meeting was held in Melbourne on today in accordance with the Notice of Meeting issued to all shareholders.

The resolution to approve a share placement of 36,968,750 ordinary fully paid shares to related parties of the Company was passed by a show of hands.

Proxy details in respect of this resolution were as follows :

(i) there were 68,469,653 proxy votes in respect of which the appointments specified that the proxy vote for the resolution;

(ii) there were 839,243 proxy votes in respect of which the appointments specified that the proxy vote against the resolution;

(iii) there were 957,588 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;

(iv) there were 2,456,907 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion;

The resolution to approve a share placement of 15,531,250 ordinary fully paid shares to un-related parties of the Company was passed by a show of hands.

Proxy details in respect of this resolution were as follows :

(i) there were 190,871,955 proxy votes in respect of which the appointments specified that the proxy vote for the resolution;

(ii) there were 831,926 proxy votes in respect of which the appointments specified that the proxy vote against the resolution;

(iii) there were 51,242,847 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;

(iv) there were 2,456,907 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion;

The resolution to approve the issue of 69,482,405 ordinary fully paid shares pursuant to the Shareholder Share Purchase Plan which closed on 17 September 2003 was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

(i) there were 241,230,386 proxy votes in respect of which the appointments specified that the proxy vote for the resolution;

(ii) there were 12,152 proxy votes in respect of which the appointments specified that the proxy vote against the resolution;

(iii) there were 1,769,173 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;

(iv) there were 2,391,924 proxy votes in respect of which the appointments specified that the proxy may vote at the proxy's discretion;

Yours sincerely



Andrew J Cooke
Company Secretary

23 September, 2003

The Company is please to confirm that its Shareholder Share Purchase Plan (“SPP”) has closed raising $2.2 million.

Combined with the placement of $1.7 million to the Company’s major shareholders announced on 13 August 2003, the Company has now raised a total of $3.9 million in this capital raising process.

A total of 581 shareholders accepted the offer to participate in the SPP representing approximately 30% of the shareholder base of the Company. The Company appreciates the support shown by its shareholders in this regard.

As the number of shares to be allotted pursuant to the SPP exceed the number that the Company may issue in any 12 month period without shareholder approval, all applications will be scaled back by on a pro rata basis – by a factor of approximately 20%. These shares will be allotted on or about 25 September 2003.

As indicated in our SPP advice to shareholders, subject to shareholder approval at the general meeting to be held in Melbourne on 7 October 2003, the remaining shares will be allotted to shareholders within 6 business days of obtaining that approval, being on or about 14 October 2003.

The success of this capital raising process places the Company in a healthy position to finalise the Bankable Feasibility Study (“BFS”) of its Cibaliung Gold Project in Banten Province, Indonesia where the Company has a 75% interest in a resource of 610,200 equivalent gold ounces, and to meet its working capital requirements. It is anticipated that the BFS will be completed in the first half of 2004.

In addition the Company’s gold exploration interests in Victoria will be advanced.

Yours sincerely


Ian L. Price
Managing Director
23 September 2003

01 September, 2003

Notice of General Meeting
and Explanatory Statement

NOTICE is hereby given that a general meeting of shareholders of Austindo Resources Corporation NL ("the Company") will be held at 2.00 pm (Melbourne time) on Tuesday 7 October 2003 at Level 5, 161 Collins Street, Melbourne Vic 3000.

BUSINESS

Resolution 1: Approval of share placements to related parties

To consider, and if thought fit, to pass the following resolution as an ordinary resolution:

"That approval is given, under Australian Stock Exchange Listing Rule 10.11, for the Company to issue to the related parties of the Company specified below the number of ordinary fully paid shares in the capital of the Company specified below, each at an issue price of 3.2 cents per share:

Related party	Number of shares
PT Austindo Nusantara Jaya	32,328,000
Genview Holdings Pte Limited Mr. Pieter Willem Greeff <The Greeff Family A/C>	672,000 687,500
John Carlile	3,281,250

such shares to be issued to those related parties by no later than one month after the date of this meeting."

Note: If approval is given in Resolution 1 under Listing Rule 10.11, approval is not required under Listing Rule 7.1.

Voting restrictions on Resolution 1

The company will disregard any votes cast on Resolution 1 by:

• PT Austindo Nusantara Jaya, Genview Holdings Pte Limited Pieter Greeff or John Carlile; and
• an associate of any of those persons.

However, the Company need not disregard a vote if:

• it is cast by a person as proxy for a person who is entitled to vote, in accordance with the directions on the proxy form; or
• it is cast by the person chairing the meeting as proxy for a person who is entitled to vote, in accordance with a direction on the proxy form to vote as the proxy decides.

Resolution 2: Approval of share placements to other parties

To consider, and if thought fit, to pass the following resolution as an ordinary resolution:

"That approval is given, under Australian Stock Exchange Listing Rule 7.1, for the Company to issue up to 15,531,250 ordinary fully paid shares in the capital of the Company at an issue price of 3.2 cents per share, to such persons (other than related parties of the Company) as determined on by the directors of the Company, such shares to be issued to such persons by no later than 3 months after the date of this meeting."

Voting restrictions on Resolution 2

The Company will disregard any votes cast on Resolution 2 by:

• a person who may participate in the proposed issue of shares; and
• a person who might obtain a benefit, except a benefit solely in the capacity of a holder of ordinary shares in the Company, if Resolution 2 is passed; and
• an associate of any of those persons.

However, the Company need not disregard a vote if:

• it is cast by a person as proxy for a person who is entitled to vote, in accordance with the directions on the proxy form; or
• it is cast by the person chairing the meeting as proxy for a person who is entitled to vote, in accordance with a direction on the proxy form to vote as the proxy decides.

Resolution 3: Approval of issues under Share Purchase Plan

To consider, and if thought fit, to pass the following resolution as an ordinary resolution:

"That approval is given, under Australian Stock Exchange Listing Rule 7.1, for the Company to issue:

(a) such number of ordinary fully paid shares in the capital of the Company at an issue price of 3.2 cents per share as may be applied for by shareholders under the Company's Share Purchase Plan; and
(b) such number of shares as may be applied for at 3.2 cents per share as a result of the obligations of the underwriters for $1,600,000 to be raised by such Share Purchase Plan,

as described in the Explanatory Statement accompanying the notice of this meeting, such shares to be issued by no later than 3 months after the date of this meeting."

Voting restrictions on Resolution 3

The Company will disregard any votes cast on Resolution 3 by:

• a person who may participate in the proposed issue of shares; and
• a person who might obtain a benefit, except a benefit solely in the capacity of a holder of ordinary shares in the Company, if Resolution 3 is passed; and
• an associate of any of those persons.

However, the Company need not disregard a vote if:

• it is cast by a person as proxy for a person who is entitled to vote, in accordance with the directions on the proxy form; or
• it is cast by the person chairing the meeting as proxy for a person who is entitled to vote, in accordance with a direction on the proxy form to vote as the proxy decides.

By order of the Board


Andrew J Cooke
Company Secretary

Dated: 1 September 2003



SHAREHOLDERS WHO ARE ENTITLED TO VOTE

For the purposes of the meeting and in accordance with regulation 7.11.37 of the Corporations Regulation 2001, the directors have determined that a person's entitlement to vote at the meeting will be the entitlement of that person set out in the register of members as at 7.00 pm (Sydney time) on Sunday 5 October 2003.

01 September, 2003

25 August, 2003

Mine life of 6 years with a increased production rate of 220,000 tonnes per annum with recovery of gold and silver by a conventional gravity - CIL processing plant;
Annual production of approximately 70,000 ozs gold equivalent;
Initial capital estimate of some US$ 30 million;
Average life of mine cash operating costs of less than US$200/oz.

20 August, 2003

The Board of Directors of Austindo Resources Corporation NL is pleased to advise you of the opportunity to participate in its SPP. This letter sets out the terms and conditions of the offer under the SPP.

On 13 August, the Company announced that it had resolved to raise $1.7 million through the placement of 52.5 million shares at 3.2 cents. At that time, the Company indicated that it would also proceed with a SPP to provide eligible shareholders with the opportunity to participate in a further capital raising.

The SPP entitles shareholders in the Company, irrespective of the size of their shareholding, to purchase up to $5,000 worth of shares in the Company (the “Offer”). No brokerage, commission or stamp duty will apply to shareholders taking up shares under the SPP.

On 27 May 2003 the Company confirmed that it had decided to proceed with a Bankable Feasibility Study (“BFS”) on its 75% owned Cibaliung Project in Banten Province, Indonesia. The funds to be raised pursuant to this SPP are to be used to finalise the BFS and meet the Company’s working capital requirements at Cibaliung while project funding is put in place. In addition a portion of the funds will be applied to advance the Company’s interests in Victoria.

Eligible Members that wish to participate in the SPP must complete and lodge an application form together with payment for the shares they wish to subscribe for, with the Company’s share registry by Wednesday 17 September 2003. By forwarding your Application Form and cheque you acknowledge that you have read, understood and agree to be bound by the terms and conditions of the SPP.

All shares issued under the SPP will rank equally with the existing fully paid ordinary shares of the Company and will carry the same voting rights, dividend rights and other entitlements. The Company will seek quotation of the shares issued pursuant to the SPP on the Australian Stock Exchange (“ASX”) as soon as possible or in any event, within 10 business days after allotment.


PARTICIPATION

Participation in the Plan is open to all persons registered as holders of shares in the Company as at the close of business on 25 August 2003 (the “Record Date”) who have an address (as recorded in the Company's register of members) in Australia (“Eligible Members”). The Board does not consider that it is practical to lawfully extend the Offer to shareholders in jurisdictions outside of Australia. This letter will not constitute an offer in any jurisdiction in which it would not be lawful to make such an offer or to any person to whom it would not be lawful to make such an offer.

Participation in the SPP is entirely at the discretion of Eligible Members.

An Eligible Member may apply for up to a maximum of 156,250 shares (representing $5,000.00 worth of shares) under the SPP and not less than a minimum of 15,625 shares (representing $500 worth of shares). The number of shares applied for must also be a multiple of 5.

Offers are non-renounceable, meaning that Eligible Members cannot transfer their entitlement to purchase Shares under the Offer to another person.

The Offer is being made pursuant to the Australian Securities & Investments Commission’s Class Order 02/831 “Small Offers of Shares to Existing Shareholders by Listed Companies – Share Purchase Plans” and will comply with the requirements for relief under that Class Order. Class Order 02/831 allows companies listed on ASX to make small offers of shares to existing shareholders without a prospectus.

In order to comply with the requirements of ASIC Class Order 02/831, an Eligible Member may not acquire more than 156,250 shares ($5,000.00) under the SPP in any 12 consecutive month period, taking into account all applications by the Eligible Member, including joint applications and other beneficial interests. This maximum subscription limitation will apply even if an Eligible Member has received more than one Offer (whether in respect of a joint holding or because the Eligible Member has more than one holding under separate share accounts).

By agreeing to purchase Shares under the SPP, you will agree to be bound by the terms and conditions of the SPP. The Company reserves the right to reject any acceptance where there is non-compliance with this requirement or any other term of the SPP.


PRICING

The purchase price for shares under the SPP is 3.2 cents (“SPP Price”) and is equal to the price at which the Company effected a placement on 13 August 2003. The SPP Price represents an 8% discount to the weighted average traded price of the Company’s shares for the 10 trading days ended 12 August 2003, being the date immediately prior to the placement referred to above.

The market price of the Company’s shares may rise or fall between the date of the Offer and the date on which shares are allotted to you. This means that the SPP Price you pay for the shares may exceed the market price of the shares at the date of allotment of the shares under the Offer. You should obtain your own financial advice in relation to the Offer and consider price movements of the Company’s shares prior to accepting the Offer.


UNDERWRITING

The Company proposes to secure a partial underwriting of the SPP in the amount of $1.6 million and will work with both Austock Brokers Pty Ltd and Taylor Collison Limited together to achieve this subject to a formal underwriting agreement being resolved.


EXCESS SUBSCRIPTIONS AND ALLOTMENT OF SHARES

The ASX Listing Rules impose a restriction on the maximum number of shares that can be issued in any 12 month period without shareholder approval. Shareholder approval will be required if more than 55,547,589 shares are subscribed for under the SPP. Provided that the number of shares applied for under the SPP is not greater 55,547,589 the allotment of shares for all valid acceptances from Eligible Members will be made on or about 25 September 2003 (or 6 business days after the close of the Offer to allow for clearance of funds and the allotment process).

If, however applications are received for more than 55,547,589 shares, the Company will reduce the number of shares to be allotted to each applicant on a pro rata basis to ensure that the ASX Listing Rules are not breached. These shares will be allotted on or about 25 September 2003 (or 6 business days after the close of the Offer to allow for clearance of funds and the allotment process) and the Company will hold on trust the application monies for all shares that are not allotted (the “Remaining Shares”). The Company will then seek the necessary shareholder approval under the ASX Listing Rules to issue the Remaining Shares at a general meeting. A general meeting is scheduled for 7 October 2003 at which shareholders will, amongst other things, be asked to consider approval of the issue of shares pursuant to this SPP.

If shareholder approval to the issue of the Remaining Shares subscribed for under the SPP is obtained at the general meeting, the Company will allot all these shares within 6 business days of obtaining that approval. However, if shareholder approval is not obtained at that meeting, all application monies for the Remaining Shares will be returned to the applicants (without interest) within 6 business days of the general meeting.


LODGEMENT INSTRUCTIONS

If you are an Eligible Member and would like to participate in the SPP, please return your completed Application Form, together with your cheque for the subscription amount, in the envelope provided to reach Computershare Investor Services Pty Limited on or before the

CLOSING DATE OF 5PM EST ON WEDNESDAY 17 SEPTEMBER 2003.

Your completed form may be mailed or delivered to Computershare Investor Services Pty Limited:

Computershare Investor Services Pty Limited
Level 5, 115 Grenfell Street GPO Box 1903
ADELAIDE SA 5000 ADELAIDE SA 5001

Once an application has been made it cannot be revoked. Subject to any scale back, valid applications will be taken to have been accepted on the Closing Date.


DECLARATION AND ACKNOWLEDGEMENTS

By forwarding a cheque and completing the Application Form, you:

• acknowledge that you have read, understood and agree to be bound by the terms and conditions of the SPP;
• agree to accept any lesser number of Shares than the number of Shares applied for;
• confirm that the total cost of all shares purchased by you (including through joint
  and beneficial holdings) under the SPP and any similar offer in the 12 months prior to this application does not exceed $5,000; and
• agree to be bound by the constitution of Austindo Resources Corporation NL in respect of the Shares issued to you.

ADDITIONAL INFORMATION

The SPP will be administered by the Board of Austindo Resources Corporation NL and the Board will have an absolute discretion to:

• determine appropriate procedures for administration of the Plan; and
• resolve conclusively any difficulties, anomalies or disputes which may arise in connection with or by reason of the operation of the SPP whether generally or in relation to any participating Eligible Member, or application for Shares, and any such resolution will be binding on all participants and other persons to whom the resolution relates.

The SPP and these terms and conditions of the SPP may be suspended, terminated or amended at any time by the Board. The Board may extend the Closing Date if it determines this to be appropriate.

The Board reserves the right to refuse an application if it considers that the applicant is not an Eligible Member or has not otherwise complied with the terms of the SPP. If an application is refused then application monies received will be refunded to the applicant without interest.

For and on behalf of Austindo Resources Corporation NL



Ian L. Price
Managing Director

13 August, 2003