ANNOUNCEMENTS

2007 Announcements

18 December

CIBALIUNG GOLD PROJECT UPDATE

The following update is provided in respect of key development issues and matters relating to schedule, costs and management structure:

DECLINE DEVELOPMENT

• Decline development is continuing with total development now in excess of 550 metres;
• Development to the ore body is being undertaken on two headings to enable a greater volume of ore to be extracted. The remaining distance to the ore body is less than 62 metres on one heading and 136 metres on the other. It is now envisaged that stockpiling of ore will commence during January 2008.
• A new loader and a new jumbo drill rig are currently being mobilised to site. When this equipment is operational, the rate of advance of the decline is expected to increase.
• The Redpath Group has resumed work on the development of the Cikoneng ventilation shaft.

PROJECT DEVELOPMENT

• A Letter of Intent has been executed with PT Petrosea. PT Petrosea has commenced mobilisation to site to undertake refurbishment work and complete construction of the gold processing plant. Once fully mobilised (expected within the next 2-3 weeks), it is estimated that the refurbishment, construction and commissioning of the plant will take up to 4 months.
• Cullen Mining Services Pty Ltd have been engaged to act as Project Manager in respect of the construction and commissioning of the plant.
• Due to delays in the decline development and the longer than anticipated time involved in the refurbishment, construction and commissioning of the gold processing plant, first gold pour is now expected to occur within the second quarter of 2008.

COSTS

Project development costs have increased as summarised below:

• The Company has identified that the rise in diesel fuel prices due to global increases in the oil price coupled with the removal of Indonesian government subsidies announced on 30 July 2007 and 12 November 2007 will have a significant impact on both the development costs and operating costs at Cibaliung. The extent of the impact is still being resolved and will be confirmed at the earliest opportunity.
• The have also been significant increases in the order of US$5.9 million in the costs associated with the refurbishment, construction and commissioning of the gold processing plant.
• Increased holding costs associated with the delay in schedule to first gold pour are expected to be in the order of US$3.8 million.
• Increased costs associated with underground development rates and additional development metres up to first gold pour are expected to be in the order of US$4.7 million.
• Other costs increases in the order of US$1.3 million have also impacted the project. The resources sector worldwide continues to be subject to upwards cost pressures and stiff competition for equipment, consumables and skilled labour which ultimately manifests itself in cost increases and time delays.

FUNDING

The Company will require further funding to complete the development of the Cibaliung Gold Project. The Board is currently reviewing funding alternatives and will provide further details to the market at the earliest opportunity.

CHIEF FINANCIAL OFFICER

The Company has appointed Mr Cahyono Halim as Chief Financial Officer effective 2 January 2008. Mr Halim is resident in Jakarta and has held senior finance positions in a number of large Asian based corporations following upon a successful career in banking and finance. Full details will be made available in a separate release. This appointment will strengthen the Company’s finance function, particularly in the area of cost control and forecasting.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company's key project is Cibaliung, a highgrade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent).

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS
Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

www.austindoresources.com.au

29 November

CIBALIUNG GOLD PROJECT UPDATE

Following the success of the Company’s recent Placement and Rights Issue, development activities have resumed at Cibaliung. The Company is aiming to achieve gold production at the earliest opportunity in 2008.

Highlights of the recent activity on site at Cibaliung are summarised below:

DECLINE DEVELOPMENT

• Decline development is continuing with total development now in excess of 525 metres;
• Development to the ore body is being undertaken on two headings to enable a greater volume of ore to be extracted. The remaining distance to the orebody is less than 120 metres on one heading and 75 metres on the other;
• Daily development rates over the last few months have not met expectations due primarily to machinery breakdowns. In order to address this problem, the delivery of a new jumbo drill rig and loader has been brought forward to early December 2007;
• Cover drilling will be undertaken as a precautionary measure to ensure that previous workings by artisanal miners will not affect the long term integrity of the Cikoneng Decline. This cover drilling is expected to take 2-3 weeks.
• Redpath of Canada has been engaged to provide further experienced mining supervisors for the development of the decline and ventilation shafts. The first is on site with the remainder of the team from Redpath expected to mobilise to site in January 2008;
• It is now envisaged that stockpiling of ore will commence during January 2008.

GOLD PROCESSING PLANT

• Discussions with PT Petrosea to refurbish and complete construction of the gold processing plant are well advanced. The scope of work, schedule and costs for the final phase are currently in the process of being finalised.

OTHER

• A revised financial model is currently being finalised to take into account updated development and construction costs and schedules.
• The Company is in advanced discussions involving certain senior management appointments.

Details will be provided at the earliest opportunity.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company's key project is Cibaliung, a highgrade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent).

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS
Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

www.austindoresources.com.au

19 November

TRENGGALEK PROJECT, INDONESIA - EXPLORATION UPDATE

Austindo Resources Corporation NL (ASX code: ARX) is pleased provide the following update in respect of exploration results from its Trenggalek Project in East Java, Republic of Indonesia.

The Company commenced work on this 17,586 hectare greenfields exploration tenement in the middle of 2006 and has since undertaken prospecting and mapping, mainly over the northern half of the tenement. The project area lies on the Sunda-Banda magmatic arc, which is characterised by high-grade epithermal gold vein deposits at Lebong Tandai (43 t gold at 15 g/t Au) and Lebong Donok (41 t gold at 14 g/t Au) in southern Sumatra, and Gunung Pongkor (103 t gold at 17 g/t Au) and Cibaliung (15 t gold at 10 g/t Au) in western Java.

The presence of high-grade epithermal vein float found in the northern half of the Trenggalek project area has been reported previously in an ARX update released in May 2007, and in the June 2007 and September 2007 quarterlies.

Further prospecting and mapping continued to define moderately high-grade epithermal vein float and mineralised breccia outcrops in new prospect areas. Some of the latest results are summarised in the figure and table below. Five samples of 10 cm to 1.5 m diameter, banded quartz-chalcedony-sulphide float cobbles found on low ridges at the Salak Prospect returned gold results ranging from 6.17 to 14.6 g/t Au.

The Salak prospect lies on the northern projection of the Kojan vein swarm and defines a potential mineralised vein system over 2 km length and showing an en echelon pattern of narrow veins within a 1.5 km wide corridor.

Extensive outcrops of silicified hydrothermal breccia have been chip sampled on the Suruh and Gregah prospects, located about 5 km east of Salak and Kojan prospects. These rocks are strongly anomalous in mercury, arsenic and antimony but weaker in gold. Arsenic, antimony and mercury are also anomalous, although generally less elevated, in the high-grade vein float reported to-date.

The geological and geochemical characteristics of mineralisation found on the Trenggalek Project reflect a hot-spring related epithermal model, in which gold-bearing quartz occurs in veins, stockworks and hydrothermal breccias formed in the uppermost parts of mineralised epithermal systems.

Although there is no significant gold mining recorded in the Trenggalek district, a large number of gold prospects have been identified and exploration to-date has been largely of a reconnaissance nature. Similarities with the high-grade epithermal vein fields of southern Sumatra and western Java are strong and suggest a high potential for the presence of economic gold deposits in the Trenggalek project area.

The Company successfully raised sufficient funding from a recently completed Rights Issue to substantially advance its Cibaliung Gold Project, located in Banten Province of Indonesia, towards first gold production. Further equity raising is required to complete this development, produce positive cash flow and to fund further exploration on projects, such as Trenggalek, which could be rapidly advanced to a drill definition phase by the second half of 2008.

Distribution of gold & mercury results (in ppm) from recent grab sampling
of new vein-float & outcrops found in the northern part of the Trenggalek tenement

Table of best results from recent grab sampling
of vein-float & outcrops found in the northern part of the Trenggalek tenement

The information in this report that relates to Exploration Results is based on information compiled by Mr. Brad Wake, who is a member of the Australian Institute of Geoscientists. Mr. Wake has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr. Wake consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company's key project is Cibaliung, a highgrade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent).

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS
Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

www.austindoresources.com.au

30 October

Austindo Resources Corporation NL ("ARX" or the "Company") is pleased to announce that it has successfully raised $17,657,276.34 from its Rights Issue which closed on Thursday 25 October 2007.

The Rights Issue was well supported with over one third of all shareholders participating demonstrating strong support for the Company’s strategy for the continued development of the Cibaliung Gold Project.

The Rights Issue take up can be summarised as follows:

The Rights Issue shortfall, post the partial underwriting, was limited to $1,035,298.10 or a shortfall of only 5.5%.

Together with the Placement effected on 24 September 2007 the Company has raised gross proceeds of A$19.9m which is expected to be sufficient to substantially advance the Company towards first gold production from the Cibaliung Gold Project in Indonesia.

The Rights Issue was structured as follows:

• A renounceable pro-rata entitlement to acquire one new share for every existing share (1 for 1) held in the Company;
• The new shares were offered at 1.0 cents per share;
• Shareholders who subscribed for their rights will also be issued with one option for every 10 new shares subscribed for. The options are exercisable at 1.5 cents per share on or before 30 June 2012;
• Partially underwritten by Austock Corporate Finance Limited to the amount of A$12.4m.

Shares and Options will be allotted to participating shareholders on Tuesday 29 October 2007. The allotment to sub-underwriters will be effected on Wednesday 30 October 2007.

The funds from the recent Placement and this Rights Issue will be used for working capital purposes and costs associated with the ongoing development of the Cibaliung Gold Project in Indonesia in which ARX has an 89.75% interest A portion of these funds may also be applied to near mine exploration at Cibaliung to enhance the resource and reserve base.

This capital raising is part of a continuing strategy to provide a strong financial base for ARX. As stated in the Rights Issue Prospectus, the Company will require further funding to complete the development of the Cibaliung Gold Project, produce positive cash flow and to fund further project and regional exploration. Following the success of the Rights Issue the Board will at an appropriate time in 2008 consider a further equity raising to complete its funding requirements.

This announcement is dated 30 October 2007.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company's key project is Cibaliung, a highgrade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent).

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS
Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

www.austindoresources.com.au

29 October

12 October

DESPATCH OF RIGHTS ISSUE PROSPECTUS & ENTITLEMENT AND
ACCEPTANCE FORM COMPLETED

Austindo Resources Corporation NL (ASX Code: ARX) is pleased to confirm that it has completed the despatch of its Rights Issue Prospectus and the Entitlement and Acceptance Form to Eligible Shareholders.

The Closing Date for acceptances and payment in full is 25 October 2007.

If the Rights Issue is fully subscribed total gross proceeds (together with the Placement effected in September 2007) of A$20.9m will be raised, which is expected to be sufficient to substantially advance the Company towards first gold production from the Cibaliung Gold Project in Indonesia.

The Rights Issue is structured as follows:

• A renounceable pro-rata entitlement to acquire one new share for every existing share (1 for 1) held in the Company;
• The new shares are being offered at 1.0 cents per share;
• Shareholders who subscribe for their rights will also be issued with one option for every 10 new shares subscribed for. The options are exercisable at 1.5 cents per share on or before 30 June 2012;
• Austock Corporate Finance Limited has partially underwritten the Rights Issue in the amount of A$12.4 m.

This announcement is dated 12 October 2007.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company's key project is Cibaliung, a highgrade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent).

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS
Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

www.austindoresources.com.au

26 September

RENOUNCEABLE RIGHTS ISSUE

On 25 September 2007, Austindo Resources Corporation NL (“ARX” or the “Company”) lodged a prospectus (“Prospectus”) with the Australian Securities and Investments Commission in respect of a pro-rata renounceable rights issue of shares at an issue price of 1.0 cents per share (Rights Issue). A copy of the Prospectus will be mailed to shareholders on 11 October 2007.

Under the Rights Issue, shareholders with a registered address in Australia, New Zealand, Indonesia and Singapore (“Eligible Shareholders”) are being invited to subscribe for 1 New Share for every 1 existing share held as at 5.00 pm (Sydney local time) on 5 October 2007 (“Record Date”) with 1 attaching option for every 10 shares subscribed (“New Option”). Each New Option will entitle the holder to subscribe for 1 share in the capital of the Company for 1.5 cent per share by giving written notice of exercise to the Company on or before 30 June 2012.

The Rights Issue will raise up to $18.7m and is partly underwritten to raise $12.4m.

The proceeds of the Rights Issue will substantially be applied to advance the Company towards first gold production from the Cibaliung Gold Project in Indonesia and for working capital and for costs associated with the issue.

Eligible Shareholders’ entitlements pursuant to this Rights Issue are renounceable and accordingly Eligible Shareholders may:

• take up your Rights in full or in part;
• apply for additional New Shares and New Options;
• sell your Rights on the ASX;
• sell part of your Rights on ASX and take up the balance;
• transfer all or part of your Rights to another person other than via ASX, with or without taking up the balance; or
• do nothing in which case your Rights will lapse.

Shareholders with a registered address outside of Australia, New Zealand, Indonesia and Singapore are not eligible to participate in the Rights Issue(“Ineligible Shareholders”) Austindo has appointed Austock Securities Limited, which has been approved by ASIC as Nominee for the Ineligible Shareholders to arrange for the sale of the Rights which would have been offered to them. Further details of this procedure are set out in the Prospectus.

Further details of the courses of action available to Eligible Shareholders are set out in the Prospectus.

The Rights Issue is partly underwritten by Austock Corporate Finance Limited such that the Rights Issue will raise not less than $12.4m. The full terms and conditions of the underwriting are set out in the Prospectus.

The key information and dates in respect of the Rights Issue are as follows:

Further details on the Rights Issue are contained in the Prospectus. In addition, an Appendix 3B in relation to the Entitlements Issue is attached.

Yours faithfully

Andrew J. Cooke
Company Secretary
Austindo Resources Corporation NL

Tel: 02 9419 8044
Email: andrewcooke@arx.net.au

Appendix 3B (PDF File - 136K)

24 September

AUSTINDO COMPLETES PLACEMENT

On 13 September 2007 Austindo Resources Corporation NL ("ARX" or the "Company") announced it had undertaken a placement of 224,300,000 ordinary fully paid shares in the Company at 1.0 cents per share to raise A$2.243 million ("Placement") as part of a funding strategy to be undertaken in conjunction with a Rights Issue for the continued development of the Cibaliung Gold Project in Indonesia.

The Company is pleased to announce that the Placement has today been completed within the Company’s 15% placement capacity.

The placement was made to an institutional / sophisticated investor client through Austock Corporate Finance Limited pursuant to Section 708 of the Corporations Act 2001. All of the shares issued under the placement will rank pari passu with existing ordinary shares.

In accordance with Section 708A (5)(e) of the Act, the Company gives notice that:

• The Company has issued these shares without disclosure to the placees under Part 6D.2 of the Act;
• As at the date of this notice, the Company has complied with:
  - the provisions of Chapter 2M of the Act as they apply to the Company;
  - Section 674 of the Act
• As at the date of this notice there is no excluded information (as defined in Section 708A (7) of the Act) which is required to be disclosed by the Company.

The Company has also granted 22,430,000 options exercisable at 1.5 cents per share on or before 30 June 2012 to the Placement participant.

RIGHTS ISSUE

The Company aims to release a Prospectus relating to the proposed Rights Issue within the next few days.

The Rights Issue will be offered to existing shareholders on the Record Date with a registered address in Australia, New Zealand, Indonesia and Singapore. It is now anticipated that the Record Date will be on or about 5 October 2007.

The Rights Issue will be structured as follows:

• A renounceable pro-rata entitlement to acquire one new share at 1.0 cent for every existing share (1 for 1) held in the Company to raise up to A$18.7 m;
• Shareholders who subscribe for their rights will also be issued with one option for every 10 new shares subscribed for. The options are exercisable at 1.5 cents per share on or before 30 June 2012;
• Austock Corporate Finance Limited has advised the Company that it is willing to underwrite A$12.4m of the Rights Issue with the support of significant ARX shareholders. This partial underwriting is subject to finalisation of appropriate legally binding documentation. Full details of the underwriting will be disclosed in the rights issue documentation.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company's key project is Cibaliung, a highgrade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent).

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

24 September

NEW ISSUE ANNOUNCEMENT - APPENDIX 3B

PDF FILE (68K)

13 September

• AUSTINDO TO UNDERTAKE PLACEMENT AND RIGHTS ISSUE FOR THE CONTINUED DEVELOPMENT OF THE CIBALIUNG GOLD PROJECT
  
  
• ANZ AND OTHER DEBT PROVIDERS AGREE TO REDUCTION OF DEBT ON BASIS OF DEBT FOR EQUITY SWAP

The Board of Austindo Resources Corporation NL ("ARX" or the "Company") is pleased to announce that it has resolved to proceed with a Placement and a partly underwritten Rights Issue. If the Rights Issue is fully subscribed total gross proceeds (together with the Placement) of A$20.9m will be raised, which is expected to be sufficient to substantially advance the Company towards first gold production from the Cibaliung Gold Project in Indonesia.

PLACEMENT

The Placement will be effected by the Directors within the 15% capacity afforded by ASX Listing Rule 7.1. The Placement comprises the issue of:

• 224,300,000 ordinary fully paid shares in the Company at 1.0 cents per share to raise A$2,243,000; and
• 22,430,000 attaching options exercisable at 1.5 cents per share on or before 30 June 2012.

Austock Corporate Finance Limited will effect the Placement pursuant to Section 708 of the Corporations Act 2001 with institutional/sophisticated investors identified with the assistance of the ARX Board.

An Appendix 3B - Application for Quotation will be lodged with the ASX when the Placement has been completed. The Company intends to apply for the quotation of the options in addition to the new shares.

RIGHTS ISSUE

The Rights Issue will be offered to existing shareholders on the Record Date with a registered address in Australia, New Zealand, Indonesia and Singapore. It is currently anticipated that the Record Date will be on or about 28 September 2007.

The Rights Issue will be structured as follows:

• A renounceable pro-rata entitlement to acquire one new share for every existing share (1 for 1) held in the Company to raise up to A$18.7 m;
• The new shares will be offered at 1.0 cents per share. This represents a 34.3% discount to the 5 day weighted average price of ARX shares to 12 September 2007 of 1.52 cents;
• Shareholders who subscribe for their rights will also be issued with one option for every 10 new shares subscribed for. The options are exercisable at 1.5 cents per share on or before 30 June 2012;
• Austock Corporate Finance Limited has advised the Company that it is willing to underwrite A$11.4m of the Rights Issue with the support of significant ARX shareholders.
  This partial underwriting is subject to finalisation of appropriate legally binding documentation. Full details of the underwriting will be disclosed in the rights issue documentation.

An Appendix 3B - Application for Quotation will be lodged with the ASX when the Rights Issue Prospectus has been completed and lodged with ASIC and ASX. The Company intends to apply for the quotation of the both the new shares and the options to be offered pursuant to this Rights Issue.

FUNDING PROGRAM

The funds from the Placement and Rights Issue will be used for working capital purposes and costs, including holding costs, associated with the ongoing development of the Cibaliung Gold Project in Indonesia in which ARX has an 89.75% interest. Some funds will be applied to further exploration at Cibaliung to enhance the resource and reserve base.

To fund the development of the Cibaliung Gold Project, provide adequate working capital and provide funding for the Company's regional exploration program in Indonesia, a total of US$35m is required. The current capital raising is part of a continuing strategy to provide a strong financial base for ARX, a strategy that has the full support of the Company's major shareholders.

The Placement and Rights Issue if fully subscribed will raise gross proceeds of A$20.9 which is expected to be sufficient to enable the Company to reach first gold pour from the Cibaliung Gold Project. The Company currently has commitments for a minimum of A$13.6m from the Placement and Rights Issue.

The Company will, however, require further funding to complete the project and produce positive cash flow and to fund further exploration. The Board of ARX is proposing that at an appropriate time the Company will consider a further equity raising to complete the balance of the US$35 million funding requirement.

DEBT TO EQUITY CONVERSION

Subject to the completion of the Placement and Rights Issue as outlined above, ANZ has agreed to reduce its project debt to the Cibaliung Gold Project by an amount of A$15.7 million (US$13 million).

The debt reduction will be effected on the basis of a debt for equity swap on the same terms as proposed for the Placement and Rights Issue referred to above. This will require shareholder approval.

In exchange for the debt forgiveness ANZ will be issued approximately 1.6 billion ARX shares and 157 million Options exercisable at 1.5 cents per share on or before 30 June 2012.

In addition, the providers of a US$5m Bridging Loan advanced to ARX in January 2007 have also agreed to participate in a debt for equity swap on the same basis as ANZ. This will result in the providers of the Bridging Loan reducing their corporate debt to ARX by A$3 million (US$2.5 million) and being issued with approximately 303 million ARX shares and 30 million Options exercisable at 1.5 cents per share on or before 30 June 2012.

These transactions are subject to the approval of ARX shareholders and it is anticipated that a Shareholders Meeting to approve these transactions will be held in late October 2007.

The Board of ARX believes that this first phase of funding and the debt to equity conversions referred to above will significantly enhance the Company's position and enable it to materially advance the Cibaliung Gold Project.

CONTINUED DEVELOPMENT OF THE CIBALIUNG GOLD PROJECT

The Company expects that the funds raised from the Placement and Rights Issue if fully subscribed will enable it to:

• Develop the Decline to access the underground ore body and mine ore ready to process;
• Complete the construction and commissioning of the Processing Plant;
• Complete of the Tailings Storage Facility; and
• Establish an ore stockpile in readiness for first gold pour from the Cibaliung Gold Project.

Further funding will be required thereafter to complete the purchase of necessary mobile equipment and infrastructure for ongoing mining operations and decline development, project delivery costs, finance costs, land acquisition costs, contingencies, exploration, operating costs and an initial period of negative cash flow post first gold pour.

The Company looks forward to the continued support of its shareholders to enable it to continue with the development of the Cibaliung Gold Project.


This announcement is dated 13 September 2007.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company's key project is Cibaliung, a highgrade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent).

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS
Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

www.austindoresources.com.au

27 June

CIBALIUNG GOLD PROJECT AND EXPLORATION UPDATE - 27 JUNE 2007

KEY POINTS:

• Subject to funding, the Company anticipates first gold pour from the Cibaliung Gold Project in the first quarter of 2008;
• Mr. David Pelchen appointed as Senior Mining Engineer on site at Cibaliung;
• Gold Processing Plant 80% complete – work to resume once funding resolved;
• Drill & Blast development of Decline continuing – development now in excess of 200 metres. The Redpath Group of Canada will be engaged to provide further experienced supervisors for the development of the decline;
• Further expenditure of US$30.5 million required to complete the development of the Cibaliung Gold Project through to cash positive status in third quarter 2008;
• Cash Operating Costs increased to US$271 per ounce;
• The conditions precedent in respect of the proposed SEASAF Convertible Notes are not likely to be satisfied or waived by the sunset date of 29 June 2007 and accordingly the Company will explore alternative funding options;
• An alternative funding strategy has been developed to completely restructure the Company and to address the funding requirements of the Company in totality. Each of the Company’s major shareholders has confirmed their support for the recapitalisation strategy. In addition the Company has approached ANZ, other debt providers and potential new equity investors to participate in the proposed restructuring;
• As an integral part of this alternative funding strategy the Company proposes to raise new equity of US$35 million, in effect to replace the SEASAF Convertible Note facility, and to ensure that the Company is adequately funded to complete the development of the Cibaliung Gold Project and pursue and extensive exploration strategy;
• Assuming that this funding is available, the Company’s immediate exploration objective at Cibaliung will be to seek to discover new ore-shoots along strike through systematic drilling. An initial program of up to 10,000 m of diamond drilling is proposed;
• Very encouraging results from vein-float found at Trenggalek suggest the presence of multiple high-grade quartz vein sources within the tenement. Scout drill testing is proposed for early 2008.

THE CIBALIUNG GOLD PROJECT

The Cibaliung Gold Project is operated by PT. Cibaliung Sumberdaya, a joint venture company established between the Company and PT. Antam Tbk (“Antam”).

Cibaliung is located in Banten Province near the western tip of the island of Java, 150km south west of Jakarta. The Company’s interest in the Cibaliung Project stands at 89.75%.

Key development and production parameters for the Cibaliung Gold Project are:

• Two shoot epithermal vein-gold deposit;
• Logistically well located within 4 hour drive from Jakarta;
• Mine life of 6 years with a production rate of 220,000 tonnes per annum with recovery of gold and silver by a conventional CIL processing plant;
• Mining by conventional underground cut and fill stoping with decline access;
• Annual production of approximately 70,000 ozs gold equivalent;
• Subject to funding, the Company anticipates first gold pour in the first quarter 2008.

Appointment of Mr. David Pelchen – Senior Mining Engineer

Mr. David Pelchen was appointed as the Senior Mining Engineer to the Cibaliung Gold Project in April of this year.

Mr. Pelchen has in excess of 24 years mining experience in underground operations of various sizes including 10 years (culminating as General Manager) at the underground Mineral Hill Gold/Copper Mine (Triako Resources LTD) which employed up to 100 people mining at 150,000 to 200,000 t per annum. His experience extends to managing small to medium scale underground mining operations, using Cut and Fill, Shrink, Stope, modified “Avoca”, Room and Pillar and Longhole Open stope mining methods and operations using both contractor and employees workforces.

Mr. Pelchen’s experience is an ideal fit for the Company’s Cibaliung Gold Project where he will be based on site reporting directly the Company’s Chief Operating Officer.

Site Development and Erection of Gold Processing Plant

As previously advised, the Board resolved earlier in the year to put all major works on site on hold in order to conserve cash while funding arrangements were being finalised. The status of the gold processing plant remains substantially unchanged and at the date of this report the status of the project development is summarised as follows:

• Site access roads and bridges have been essentially completed;
• Re-erection of the gold processing plant on site has been 80% completed;
• Installation of CIL tanks and Thickener Tank are 90% complete;
• Installation of the Cyanide mixing is 80% complete;
• SAG Mill installation has commenced and bearing plates have been installed;
• Foundations for crusher 80% complete;
• All Generating Sets for the Power Plant have been installed in preparation for commissioning and connection;
• Elution Circuit and Gold Room Plant are currently all on site ready for installation;
• Tailings Dam construction survey and earthworks have commenced but are on hold.

Work will resume once appropriate funding has been resolved.

Decline Development

Drill and Blast testing was undertaken in December 2006 to verify the suitability of this methodology for the development of a new decline to access the ore body in the ground conditions typically encountered at Cibaliung. The Drill and Blast test work was successful and a new mining plan has now been finalised to access the ore body at the earliest opportunity.

Following the success of the Drill and Blast test work the Company’s own trained mining personnel commenced the development of a new decline. At the date of this report the Company team has safely and successfully developed the new decline to in excess of 200 metres without incident.

A support regime including roof bolts, mesh and fibrecrete has now been adopted and fully costed in the Company’s revised Base Case Financial Model to ensure, so far as is possible, that the difficulties encountered in first decline are not repeated. In addition, the floor of the decline will be concreted where ground conditions require to provide greater rigidity to the decline structure.

The Redpath Group of Canada will be engaged to provide further experienced supervisors for the development of the decline. Redpath has extensive in country experience in underground gold mining and development.

Revised Base Case Financial Model

The Company has finalised a revised Base Case Financial Model (“BCFM”) which identifies a requirement for US$30.5 million in order to complete the development of the project and fund negative cashflow during the initial ramp up period until the September 2008 quarter.

The revised BCFM reflects current estimates of the capital expenditure necessary to complete the development of the project, costs associated with the drill and blast development of the decline, additional holding costs and a negative cashflow during the initial ramp up phase of the project as summarised below:

In addition, the revised BCFM identifies increases in the life of mine cash operating costs from the US$215/ounce advised in October to 2006 to a revised cash operating cost of US$271/ounce.

The increase of US$56/ounce is primarily attributable to the following:

• increased cost of support associated with the use of rock bolts, mesh and fibrecrete for the entire decline development;
• increased diamond drilling in advance of decline and level development;
• increased allowance for labour, employees and employee on-costs;
  
  

SEASAF Convertible Note Facility

On 5 March 2007 the Company announced that it has agreed non-binding indicative terms and conditions in respect of a Convertible Note Facility to raise up to US$25 million with South East Asian Strategic Assets Fund (“SEASAF”) and its advisor CIMB Standard Strategic Asset Advisors Pte Ltd of Singapore in co-operation with Austock Corporate Finance Limited (“Austock”).

This facility was expressed to be subject to the satisfaction of a number of conditions precedent, including, but not limited to, shareholder approval and the preparation of a new engineering/mining plan covering the decline development, steps to be taken to the start of ore extraction and methodology required to ramp-up to full production. The facility term sheet has a sunset date of 29 June 2007.

The Company has endeavoured to satisfy these conditions precedent by the sunset date and has done so in relation to a number of them. However SEASAF has indicated that it has some technical concerns including the impact of dilution, ground conditions and associated support requirements, mining rates and development/production operating costs.

Of the issues identified by SEASAF the impact of dilution was considered to have the most affect on the project economics. ARX believes that regardless, the other issues noted by SEASAF are technically manageable.

The Company believes that stope dilution will be minimised by good mining practice, and where appropriate by positioning of the perimeter holes inside the desired development dimensions to ensure that overbreak is minimised in each blast phase. Furthermore the Company believes that the amount of support installed in the stope prior to each development/stoping cut being fired and the additional diamond drilling will have the effect of mitigating dilution.

The Company has engaged AMC Consultants Pty Limited (“AMC”) (which carried out the resource estimation in 2004) to report on the grade of dilutant material.

After review of the original resource model and the stope designs both AMC and Mining One have concluded that the designed stopes target the higher-grade lode material in the resource model. AMC has reported the total tonnage and grade of possible dilutant material (attributable to overbreak) using a dilution width of 0.5m to be 200,000 tonnes @ 1.5 Au g/t and 34 Ag g/t. AMC has consented to the form and context of the reference to AMC’s work in this statement.

The Company believes that the treatment plant has sufficient capacity to treat whatever dilutant material may be encountered at relatively marginal additional cost.

While the Company has reported these findings to SEASAF and its advisors, the Company does not consider that the conditions precedent in respect of the proposed Convertible Notes are likely to be satisfied or waived by the sunset date of 29 June 2007 and accordingly will explore alternative funding options.

RECAPITALISATION STRATEGY

EXPLORATION - CIBALIUNG, JAVA AND PAPUA

The Company’s broader exploration objective is to discover additional high-grade epithermal gold-silver resources at Cibaliung and on the Company’s other tenements in Java.

The Company is targeting low-sulphidation epithermal gold deposits because typically they host bonanza-grade (>30g/t Au e.g. Gosowong) and high-grade (>10 g/t Au e.g. Pongkor & Cibaliung) ore shoots.

Cibaliung Gold Project, Banten (ARX – 89.75%)

Trenggalek Project, East Java (ARX – 95%)

The aim of future exploration at Trenggalek is firstly, to locate these veins in outcrop and secondly, to scout drill test them starting by early 2008, and if results are encouraging to conduct follow up drilling. All permitting necessary to allow drilling to proceed is in place.

Pekalongan Project, Central Java (ARX – 95%)

The Company commenced exploration work on the 5,618 ha tenement in early 2006 and has conducted prospecting and mapping over the eastern side of the tenement. Similar to Trenggalek, the project area comprises prospective volcano-sedimentary rocks.

Previous exploration in the 1990’s found high-grade vein-gold float surrounded by zones of low-grade gold-silver-lead mineralisation in quartz stockwork at the Kuning Prospect. Exploration will continue to investigate the tenement for high-grade vein-gold targets and aim to advance the project to a scout drilling phase by early 2008 with subsequent follow up drilling if justified by results.

Papua

Aisasjur Project - Anglo Strategic Alliance (ARX – 20%)

The Company has a 20% interest in a strategic alliance with the Anglo American Group (Anglo) to explore for large copper/gold porphyry deposits in Papua. The Company’s interest is fully funded by Anglo through to a development decision.

The first project identified, Aisasjur, covers an area of 9,486 hectares on the Bird’s Head peninsula of West Papua Province. The project area lies within one of Indonesia’s young Tertiary volcano- plutonic arcs and is prospective for both porphyry copper-gold and epithermal gold mineralisation styles.

Eight holes were recently drilled by Anglo for a total of 3,347.9 m on the Aisasjur Prospect. Low-grade copper-gold mineralisation associated with broad zones of alteration and stockworking was intersected in one of the holes and indicates the presence of a blind porphyry system. The encouraging results of this program are the basis for a proposed follow-up drilling program. All exploration at Aisasjur is funded by Anglo.

The information in this report that relates to Exploration Results is based on information compiled by Mr. Brad Wake, who is a member of the Australian Institute of Geoscientists. Mr. Wake has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.’ Mr. Wake consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company's key project is Cibaliung, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent).

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS
Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

www.austindoresources.com.au

01 June

CHAIRMAN'S ADDRESS

ANNUAL GENERAL MEETING - 31 MAY 2007

Fellow shareholders, the last year has been an eventful one for our Company. This time last year we were looking to be producing gold at Cibaliung by today's date. Instead we have had to deal with a number of issues in relation to the Cibaliung project. After the formal part of the meeting is over we will be having a number of presentations on aspects of Cibaliung - what happened of course, but more importantly, where we are now. Any technical questions you may have can be answered by our Chief Operating Officer, Hermani Soeprapto who you may know is a mining engineer of vast experience and until he joined us, was responsible for the huge Grasberg gold and copper mine in Papua. And our chief geologist Brad Wake will be presenting on the real progress we have made on exploration.

We have been working for a number of months to satisfy conditions precedent to drawdown under the terms sheet we entered into with South East Asian Strategic Assets Fund or SEASAF of Singapore. We have addressed a number of the issues and one of them, shareholder approval, is on the notice paper for our meeting today. It is appropriate that we consider and pass this resolution.

Our discussions with SEASAF, their advisors and ours continue on issues such as project economics and particularly in relation to satisfying their internal hurdle rates. These discussions will continue and from the ARX perspective we will press on and seek to satisfy the conditions precedent to drawdown as soon as we can.

The Listing Rules of the Australian Stock Exchange have a one month limit for approvals of the sort to be considered today. If we do not meet that deadline, then we will address the issue at the time. What we can say is that the convertible notes will not be issued within the 7 days contemplated in the explanatory material sent to shareholders.

We are currently reliant upon and remain committed to SEASAF's timely participation to pursue our corporate program at Cibaliung and absent it, or absent it in a timely fashion, we have to consider other approaches and sources of funding.

Whatever the outcome of our discussions with SEASAF, you can be assured that we will press on to seek the best outcome for our stakeholders under all circumstances.

There nothing further I can say on this issue at this time and when there is something to report, shareholders will be informed.

But having made those points, I would like to move on to other issues which while not as important as funding would still be of interest to us here today. And all of what follows as to future plans is dependent upon new funding being secured.

While the presentations will go into more detail, the core issues faced by us at Cibaliung related to the original contractor not advancing the decline at anything like an acceptable rate and then, to compound matters, what had been achieved was nullified when the roof fell in. We have since abandoned that portal. And parted company with the contractor.

And of course we cannot forget that mining booms generate massive demands for labour and equipment. Everything goes up - particularly engineering and construction costs. We have not escaped this.

There is nothing to be gained by seeking to apportion blame on what has gone on before. There are usually many sides to each story. Most importantly I am one to look forward not back other than for us to learn from past errors and seek not to repeat them.

So what have we done? Well as you know we have appointed Mr. Hermani Soeprapto as COO. Hermani comes to us from a 30 year career with the Freeport-MacMoran group. You will hear from him directly later.

We have strengthened the team at Cibaliung by appointing Mr. David Pelchin, a mining engineer of over 25 years experience to take charge of the decline development and contribute his experience to the ongoing operations at Cibaliung. David started with us in April and is full time on site.

We have had extensive discussions with Redpath Mining, a major Canadian tunnelling contractor which does a lot of work at Grasberg to assist in our project. When we get funding for Cibaliung we propose to contract with them to work with us in the development of our new decline. We are employing Drill and Blast as the principal method of proceeding and as you will see later we have had success with it on the work done to date.

The new mining plan has been revised and reviewed by a range of consultants. It sees us access ore earlier than the original plan albeit at lower grades. However, this will enable us to generate some cash and also get our processing plant working to optimal levels.

We have put expenditure on hold in order to conserve cash. This meant demobilizing contractors engaged in the construction of the processing plant. However, if funding is available we can soon get this back underway - it's nearly 85% complete as it stands - and have it operational in time to mill the first ore.

Upon funding being secured, we propose to appoint Redpath to assist us with the decline and we have been strengthening the management team. Our exploration shows promise. Of that, more later.

We still need to secure a CEO. The present situation where the company is run directly by its board and senior management cannot continue indefinitely. We remain actively looking for a suitable person. I stress, we must find the right person for this role to deal with the Company's issues and advance its interests.

So in looking to the year ahead I want to make the following points:

• We are working on the basis of settling new funding to enable us to pursue our program at Cibaliung and elsewhere in the context of:
  • Our having the situation at Cibaliung under control and being ready to proceed
  • Our moving to pour gold in calendar 2007
  • Promising results at Trenggalek
  • A move to producer status re-rating the Company as a producer with good exploration prospects
    
    
• We are pressing on with our negotiations and discussions on funding. A number of issues remain and we are working to resolve these as expeditiously as possible.

Austindo has many fine assets. The Cibaliung project is largely complete, and our exploration has revealed promising results. We should not forget that. Much has been achieved but it is a fact that we need funding to finish the job.

You can be assured that your Board will continue to seek outcomes as favourable to all as circumstances permit.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company's key project is Cibaliung, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent).

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS
Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

www.austindoresources.com.au

21 May

NEW HIGH-GRADE VEIN-FLOAT FOUND ON TRENGGALEK PROJECT, EAST JAVA

Austindo Resources Corporation NL (ASX code: ARX) advises that new high-grade vein float has been identified at its Trenggalek Project in East Java, Republic of Indonesia.

The Company commenced work on this 17,586 hectare greenfields exploration tenement in the middle of 2006 and has since undertaken prospecting and mapping, mainly over the northern half of the tenement. The project area is underlain by prospective Oligocene- Miocene age volcanic and sedimentary rocks. The geological setting of this area is similar to that of the Company's Cibaliung mine development in Banten province on the western side of Java, but in contrast, the Trenggalek project area contains no history of gold mining.

Previous exploration of the area in the late 1990's by another company first revealed the presence of high-grade float, traced to narrow epithermal quartz vein outcrops found at the Kojan Prospect and the Buluroto/Sentul prospects, located on the western and southern sides of the current tenement area, respectively. The very encouraging results of our recent prospecting and vein-float sampling, highlighted below, have extended the distribution of known high-grade vein-float occurrences within the tenement area, and these may relate to currently unknown, multiple high-grade quartz vein sources.

Distribution of gold results (in g/t) from recent grab sampling
of new vein-float & outcrops found in the northern part of the Trenggalek tenement

The Kojan Prospect contains a series of sub-parallel quartz-chalcedony-sulphide veins, some of which are up to 2 m wide and with strike-lengths of up to 500 m or more. Recent grab sampling from old trench spoil and patchy outcrops on some of these veins has returned highgrade gold and silver results of up to 28.6 g/t Au and 1000 g/t Ag. Only one of the vein structures was drilled by a previous explorer, and this produced low results from three widely spaced and poorly placed holes.

Strongly mineralised vein float was discovered on a ridgeline located on the northern edge of a hydrothermal eruption breccia defining the Jati Prospect. Four separate grab samples returned gold results ranging from 8.8 to 28 g/t Au from angular banded quartz-chalcedony vein-float cobbles, varying in size from 10 to 35 cm diameter. These four high-grade gold results are distributed over about 200 m along the same ridge-line.

Silicified hydrothermal breccia and quartz-chalcedony-sulphide vein boulders were discovered along creeks draining the Jombok Prospect. The boulders show locally strong concentrations along several tributaries within the prospect area, are angular to subangular in shape, and range in size from about 30 cm to up to 2 m in diameter. These features are collectively interpreted to reflect a number of localised sources rather than significant transportation from a single source. Grab samples of this float have returned up to 45.8 g/t Au in banded vein boulders or in banded vein clasts selectively sampled from breccia boulders.

The Dalangturu Prospect, located northeast of these new high-grade vein-float occurrences, contains mineralised vein stockwork surrounding high-level exposures of silicified breccia caprock and silica sinters. Selective chip sampling of narrow veins (<0.1 - 30 cm wide) within the stockwork has returned gold results ranging from less than 1 to up to 12.7 g/t Au. No gold but up to 2 ppm Hg (mercury) and 160 ppm Sb (antimony) have been returned from the silicified breccia caprock and silica sinters.

Work completed to-date on the Trenggalek Project has been largely of a reconnaissance nature and focussed on expanding the known potential of the tenement area. The potential for discovering multiple deposits of high-grade epithermal-style gold mineralisation is demonstrated by the recent discovery of more high-grade vein-float. Furthermore, the recognition of hydrothermal eruption breccias and silica sinters in some of these prospect areas suggests a probably high-level of preservation, or low-level of erosion, of mineralised vein systems in the northern part of project area.

Follow-up field work planned over the next six-months will include a detailed evaluation of individual prospects. This work will include tracing of the float to outcrops and then trenching to better define targets for scout diamond drilling in late 2007 or early 2008. Many of these prospects lie within forestry production areas and require an access permit to undertake surface disturbance activities such as trenching and drilling. This permitting process is near completion.

Table of best results from recent grab sampling of vein-float
& outcrops found in the northern part of the Trenggalek tenement

The information in this report that relates to Exploration Results is based on information compiled by Mr. Brad Wake, who is a member of the Australian Institute of Geoscientists. Mr. Wake has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr. Wake consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company’s key project is Cibaliung, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent).

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS

Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

www.austindoresources.com.au

30 April

AUSTINDO COMPLETES SECOND TRANCHE OF PLACEMENT

On 9 March 2007 Austindo Resources Corporation NL ("ARX" or the "Company") announced that Austock Corporate Finance Limited had undertaken a placement of 344 million ordinary fully paid shares in the Company at 1.5 cents per share to raise A$5.16 million ("Placement") as interim funding for the continued development of the Cibaliung Gold Project in Indonesia.

The Company is pleased to announce that, following shareholder approval at a General Meeting held on Friday 27 April 2007, Tranche 2 of the Placement raising A$2.3 million has been completed. Tranche 2 was comprised of 150,922,686 shares.

The placement was made to a range of institutional and sophisticated investors and a Director of the Company pursuant to Section 708 of the Corporations Act 2001. All of the shares issued under the placement will rank pari passu with existing ordinary shares.

In accordance with Section 708A (5)(e) of the Act, the Company gives notice that:

• The Company has issued these shares without disclosure to the placees under Part 6D.2 of the Act;
• As at the date of this notice, the Company has complied with:
  - the provisions of Chapter 2M of the Act as they apply to the Company;
  - Section 674 of the Act
• As at the date of this notice there is no excluded information (as defined in Section 708A (7) of the Act) which is required to be disclosed by the Company.

This announcement is dated 30 April 2007.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company’s key project is Cibaliung, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent) with an average life of mine cash operating costs of approximately US$215 per ounce.

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS

Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

www.austindoresources.com.au

27 April

Outcome of General Meeting
27 April 2007

A General Meeting of Shareholders was today held in Melbourne in accordance with the Notice of Meeting issued to all shareholders.

The resolution to approve the issue of 193,110,648 fully paid ordinary shares which was made on 16 March 2007 at an issue price of 1.5 cents was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

(i) there were 501,815,993 proxy votes in respect of which the appointments specified that the proxy vote for the resolution;

(ii) there were 5,355,859 proxy votes in respect of which the appointments specified that the proxy vote against the resolution;

(iii) there were 100,000 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;

(iv) there were 1,617,632 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 up to 147,589,353 fully paid ordinary shares at an issue price of 1.5 cents to unrelated parties was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

(i) there were 500,692,965 proxy votes in respect of which the appointments specified that the proxy vote for the resolution;

(ii) there were 6,349,998 proxy votes in respect of which the appointments specified that the proxy vote against the resolution;

(iii) there were 208,889 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;

(iv) there were 1,637,632 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 3,333,333 fully paid ordinary shares at an issue price of 1.5 cents to a related party - Mr. Bruce Watson was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

(i) there were 495,080,678 proxy votes in respect of which the appointments specified that the proxy vote for the resolution;

(ii) there were 6,345,868 proxy votes in respect of which the appointments specified that the proxy vote against the resolution;

(iii) there were 158,889 proxy votes in respect of which the appointments specified that the proxy abstain on the resolution;

(iv) there were 651,340 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

30 March

FINANCIAL REPORT - YEAR ENDED 31 DECEMBER 2006

Available as a PDF File (1.9MB)

29 March

Notice of General Meeting
And Explanatory Statement

11.00 a.m.
Friday 27 April 2007

Level 8 - North Tower, 459 Collins Street, Melbourne

Letter to Shareholders

On 5 March 2007 Austindo announced that it had agreed non-binding indicative terms in respect of a Convertible Note Facility to raise US$20 million (with provision for oversubscriptions up to a further US$5 million) - the proceeds of which will substantially be applied to the completion of the Cibaliung Gold Project in Indonesia.

On 9 March 2007 the Company announced that it had undertaken a Placement of 344 million ordinary fully paid shares in the Company at 1.5 cents per share to raise A$5.16 million ("Placement"). These funds will substantially be applied to holding costs, general corporate purposes and some development costs in relation to the Cibaliung Gold Project until such time as conditions precedent in respect of the Convertible Note Facility can be satisfied and funds drawn down under that facility.

The resolutions contained in this Notice of General Meeting seek approval of certain aspects of the Placement to raise A$5.16 million.

Use of Proceeds

The total of $5.16 million to be raised from the Placement and the Share Purchase Plan are to be applied as follows:

The Cibaliung Gold Project

The Cibaliung Gold Project is being developed by PT Cibaliung Sumberdaya - a joint venture company in which ARX was entitled to an 89.75% interest as at 31 December 2005 and PT Antam Tbk ("Antam") held 10.25% interest.

Key development and production parameters for the Cibaliung Gold Project are:

• Mine life of 6 years with a production rate of 220,000 tonnes per annum with recovery of gold and silver by a conventional CIL processing plant;
• Mining will be by conventional underground cut and fill stoping with decline access;
• Annual production of approximately 70,000 ozs gold equivalent.

Development of the Cibaliung Gold Project commenced in late 2005. Substantial capital cost overruns were identified in August 2006. These costs increases were compounded by difficulties experienced in the development of the decline to access the underground ore bodies which culminated in the collapse of the decline in November 2006.

Erection of the gold processing plant is now approximately 80% complete however major works on site have been put on hold in order to conserve cash while funding arrangements for the project are finalised and the approach to the development of the decline is finalised. The Company is now developing a new mining plan to access the underground ore bodies which is expected to be finalised during the course of April 2007. Further details in respect of the new mining plan and the revised development cost and schedule will be made available at the earliest opportunity. At this stage the Company anticipates that extraction of ore may commence in the third quarter with production to commence in the fourth quarter of this year.

The ultimate development of the Cibaliung Gold Project will see the Company achieve its stated objective of gold producer status. The Cibaliung Project will in due course become the foundation of the Company's activities in Indonesia.

Other Projects in Indonesia

While the difficulties associated with the development of the Cibaliung Gold Project have been a significant disappointment the Company has had some success with its other projects in Indonesia.


JAVA

The Company has a 95% joint venture interest in the Trenggalek and Pekalongan projects in East and Central Java respectively.

Trenggalek Project, East Java

The Trenggalek KP exploration area in East Java covers 17,586 ha. Surface work at several prospects has recently been undertaken at the Trenggalek Project. Further evaluation of key prospects is to be undertaken this year subject to the granting of forestry permits which will allow access for trenching and scout diamond drilling purposes.

Pekalongan Project, Central Java

The Pekalongan KP exploration area in Central Java covers 5,618 ha. Limited fieldwork has been undertaken at the Pekalongan Project. A ground magnetics and soil geochemical survey is planned later this year to investigate prospective structures. The main prospects lay within forestry production areas and accordingly a permit is also awaited which will allow access to do more extensive trenching and plan a scout diamond drilling program if results justify it.


PAPUA

Aisasjur Project - Anglo Strategic Alliance (ARX - 20%)

The Company has a strategic alliance with the Anglo American Group to explore for large copper/gold porphyry deposits in Papua. The Company has a 20% joint venture interest in the Aisasjur Project while the Anglo American Group has the obligation to fund all exploration activities pursuant to the terms of the strategic alliance.

The Aisasjur Project covers an area of 9,486 hectares in the Kepala Burung area of Papua. Geologically, the project area lies within one of Indonesia's young Tertiary volcano- plutonic arcs and is prospective for both porphyry copper-gold and epithermal gold mineralisation styles.

A 4000 m drilling program was undertaken in the December 2006 quarter and in the early part of this year to test for porphyry targets. Results have not yet been compiled or reported, however preliminary assay results appear encouraging.


I encourage you to attend this General Meeting if you have the opportunity to do so and commend the resolutions to be put to this meeting to you.


Chairman
22 March 2007

Notice of General Meeting

NOTICE is hereby given that a general meeting of shareholders of Austindo Resources Corporation NL ("the Company") will be held at

11.00 am (Melbourne time) on Friday 27 April 2007
at Level 8 - North Tower, 459 Collins Street, Melbourne.

BUSINESS

Resolution 1: Approval post-issue of shares - 15%

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

"That approval is given for the issue of 193,110,648 fully paid ordinary shares in the capital of the Company which was made on or about 16 March 2007 at an issue price of 1.5 cents per share, such approval being for the purposes of Listing Rules 7.4 of Australian Securities Exchange and for all other purposes."

Voting restrictions on Resolution 1

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

• any of the persons who participated in the issue of shares identified in Resolution 1; 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 unrelated parties

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

"That approval is given, under Australian Securities Exchange Listing Rule 7.1 and for all other purposes, for the Company to issue up to 147,589,353 ordinary fully paid shares in the capital of the Company at an issue price of 1.5 cents per share (other than to related parties of the Company) by way of placements for the purposes and otherwise on the terms and conditions as set out in the Explanatory Statement which accompanies this Notice of General 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.

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

Note: If approval is given in Resolution 3 under Listing Rule 10.11, approval is not required under Listing Rule 7.1.

Voting restrictions on Resolution 3

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

• Mr. Bruce J. Watson; and
• an associate of Mr. Bruce J. Watson.

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.

VOTING BY PROXY

(a) (right to appoint): Each shareholder has the right to appoint a proxy to attend and vote for the shareholder at this meeting.

(b) (two proxies): To enable a shareholder to divide their voting rights, a shareholder may appoint 2 proxies. Where 2 proxies are appointed:

(i) a separate Proxy Form should be used to appoint each proxy;

(ii) the Proxy Form may specify the proportion, or the number, of votes that the proxy may exercise, and if it does not do so the proxy may exercise half of the votes.

(c) (who may be a proxy): A shareholder can appoint any other person to be their proxy. A proxy need not be a shareholder of the Company. The proxy appointed can be described in the Proxy Form by an office held, for example, "the Chair of the Meeting".

(d) (signature(s) of individuals): In the case of shareholders who are individuals, the Proxy Form must be signed:

(i) if the shares are held by one individual, by that shareholder;
(ii) if the shares are held in joint names, by any one of them.

(e) (signatures on behalf of companies): In the case of shareholders who are companies, the Proxy Form must be signed:

(i) if it has a sole director who is also sole company secretary, by that director (and stating that fact next to, or under, the signature on the Proxy Form);
(ii) in the case of any other company, by either 2 directors or a director and company secretary.

The use of the common seal of the company, in addition to those required signatures, is optional.

(f) (other authorised persons): If the person signing the Proxy Form is doing so under power of attorney, or is an officer of a company outside of (e) above but authorised to sign the Proxy Form, the power of attorney or other authorisation (or a certified copy of it), as well as the Proxy Form, must be received by the Company by the time and at the place in (g) below.

(g) (lodgement place and deadline): A Proxy Form accompanies this notice. To be effective, Proxy Forms (duly completed and signed) must be received by the Company at:

(i) by facsimile on +(61 3) 9620 3123; or
(ii) by post or delivery to the Company's Head Office: Level 8 North Tower, 459 Collins Street, Melbourne VIC 3000,

no later than 24 hours before the time for the holding of the meeting.


SHAREHOLDERS WHO ARE ENTITLED TO VOTE

For the purposes of this meeting and in accordance with regulation 7.11.37 of the Corporations Regulations 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 Wednesday 25 April 2007.

EXPLANATORY STATEMENT

Available as a PDF File (84K)

16 March

AUSTINDO COMPLETES FIRST TRANCHE OF PLACEMENT

On 9 March 2007 Austindo Resources Corporation NL (“ARX” or the “Company”) announced that Austock Corporate Finance Limited had undertaken a placement of 344 million ordinary fully paid shares in the Company at 1.5 cents per share to raise A$5.16 million (“Placement”) as interim funding for the continued development of the Cibaliung Gold Project in Indonesia.

The Company is pleased to announce that Tranche 1 of the Placement, raising A$2.9 million, has been completed. Tranche 1 was comprised of 193.1 million shares placed using the Company’s 15% placement capacity.

The placement was made to a range of institutional and sophisticated investors pursuant to Section 708 of the Corporations Act 2001. All of the shares issued under the placement will rank pari passu with existing ordinary shares.

In accordance with Section 708A (5)(e) of the Act, the Company gives notice that:

• The Company has issued these shares without disclosure to the placees under Part 6D.2 of the Act;
• As at the date of this notice, the Company has complied with:
  - the provisions of Chapter 2M of the Act as they apply to the Company;
  - Section 674 of the Act
• As at the date of this notice there is no excluded information (as defined in Section 708A (7) of the Act) which is required to be disclosed by the Company.

Tranche 2 - which comprises 150.9 million shares at 1.5 cents raising A$2.26 million is subject to shareholder approval at General Meeting which is to be held in April 2007. A Notice of Meeting will be despatched to shareholders at the earliest opportunity.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company’s key project is Cibaliung, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent) with an average life of mine cash operating costs of approximately US$215 per ounce.

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS

Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

www.austindoresources.com.au

16 March

APPENDIX 3B - NEW ISSUE ANNOUNCEMENT

PDF File (56K)

16 March

Notification of Date of Annual General Meeting

In accordance with Listing Rules 3.13.1 and 14.3 the Company advises that its Annual General Meeting will be held on Wednesday 23 May 2007.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company’s key project is Cibaliung, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent) with an average life of mine cash operating costs of approximately US$215 per ounce.

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS

Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

www.austindoresources.com.au

16 March

09 March

AUSTINDO COMPLETES PLACEMENT OF A$5.16 MILLION

AS INTERIM FUNDING FOR CONTINUED DEVELOPMENT OF THE CIBALIUNG GOLD PROJECT

Austindo Resources Corporation NL (“ARX” or the “Company”) is pleased to announce that Austock Corporate Finance Limited has successfully undertaken a placement of 344.0 million ordinary fully paid shares in the Company at 1.5 cents per share to raise A$5.16 million (“Placement”).

The funds will be used for ongoing working capital and costs, including holding costs, associated with the development of the Cibaliung Gold Project in which ARX has a 89.75% interest.

Placement

The placement has been made to institutional and sophisticated investors pursuant to Section 708 of the Corporations Act 2001.

All of the shares to be issued under this placement will rank pari passu with existing ordinary shares.

The placement has been structured as follows:

• Tranche 1 - comprised of 193.1 million shares placed using the balance of the Company’s 15% placement capacity, raising A$ 2.90 million; and
• Tranche 2 - comprised of 150.9 million shares placed subject to shareholder approval to raise A$2.26 million.

Tranche 2 includes shares allotted to interests associated with Mr. Bruce Watson, a related party participating in the Placement on the same basis as other parties. Mr. Watson’s participation is subject to shareholder approval as he is the Chairman of the Board of Directors. It is anticipated that shareholder approval will be sought at a general meeting to be held in April 2007. The Notice of Meeting will be despatched to shareholders shortly.

SEASAF Convertible Note

On 5 March 2007 the Company advised that it had agreed non-binding indicative terms and conditions in respect of a Convertible Note Facility to raise US$20 million (with provision for oversubscriptions up to a further US$5 million) with South East Asian Strategic Assets Fund (“SEASAF”) and its advisor CIMB-Standard Strategic Advisors Pte Ltd of Singapore in cooperation with Austock Corporate Finance Limited.

Funds raised pursuant to this Facility will primarily be applied to the completion of the Cibaliung Gold Project.

In accordance with the Term Sheet agreed with SEASAF the Convertible Notes have a five year term and are convertible into ordinary fully paid shares (at the option of the holder) at any time. The Conversion Price has been adjusted to take into account the dilutionary effect of the Placement referred to herein. As a result the Conversion Price has reduced from US$0.018263 per share to US$0.017090.

Draw down of the Convertible Note Facility is subject to the successful finalisation of formal documentation and the satisfaction of a number of conditions precedent, including, but not limited to, shareholder approval and the preparation of a new engineering/mining plan covering for the decline development, steps to be taken to the start of ore extraction and methodology required to ramp-up to full production. Funds raised from the Placement referred to herein are to provide the Company with working capital while these conditions precedent are being satisfied.

Update - The Cibaliung Gold Project

The Cibaliung Gold Project is being developed by PT Cibaliung Sumberdaya - a joint venture company in which ARX holds an 89.75% interest and PT Antam Tbk (“Antam”) holds a 10.25% interest.

Cibaliung is located in Banten Province near the western tip of the island of Java, 150km south west of Jakarta.

Key development and production parameters for the Cibaliung Gold Project are:

• Mine life of 6 years with a production rate of 220,000 tonnes per annum with recovery of gold and silver by a conventional CIL processing plant;
• Mining will be by conventional underground cut and fill stoping with decline access;
• Annual production of approximately 70,000 ozs gold equivalent;

Erection of the gold processing plant is approximately 80% complete. SAG Mill installation has commenced and bearing plates have been installed. Foundations for the crusher are also 80% complete. Substantive construction work will resume when funding via the Convertible Note Facility referred to above becomes available.

In the meantime all major works on site are on hold in order to conserve cash while an appropriate mining plan is being developed in order to achieve access to the ore bodies at the earliest opportunity and conditions precedent in respect of the Convertible Note Facility are being satisfied.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company’s key project is Cibaliung, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent) with an average life of mine cash operating costs of approximately US$215 per ounce.

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS

Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

www.austindoresources.com.au

05 March

TERM SHEET AGREED FOR US$ 20 MILLION CONVERTIBLE NOTE ISSUE

Austindo Resources Corporation NL (“Austindo”) is pleased to announce that it has agreed non-binding indicative terms and conditions in respect of a Convertible Note Facility to raise US$20 million (with provision for oversubscriptions up to a further US$5 million). Funds raised pursuant to this Facility will primarily be applied to the completion of the Cibaliung Gold Project.

South East Asian Strategic Assets Fund (“SEASAF”) and its advisor CIMB-Standard Strategic Advisors Pte Ltd of Singapore will arrange the Facility in co-operation with Austock Corporate Finance Limited (“Austock”).

It is anticipated that SEASAF (subject to its final Investor Committee approval) will participate for US$10 million of the Convertible Note facility. It is further contemplated that participants in a US$5 million bridging facility arranged in December 2006 will roll into the Convertible Note facility. Austock will arrange the US$5 million balance of the facility. Oversubscriptions will be jointly managed by SEASAF Austock.

Draw down is subject to the successful finalisation of formal documentation and the satisfaction of a number of conditions precedent, including, but not limited to, shareholder approval and the preparation of a new engineering/mining plan covering for the decline development, steps to be taken to the start of ore extraction and methodology required to ramp-up to full production. It is anticipated that shareholder approval will be sought at the Company’s Annual General Meeting which is presently scheduled to be held on 18 May 2007.

The Cibaliung Gold Project is located in Banten Province near the western tip of the island of Java, 150km south west of Jakarta. The funds raised will also be utilised to reinstate corporate funds applied to the development of the Cibaliung Gold Project.

Drawdown of this facility will enable substantive work to resume at Cibaliung and ensure that gold production is achieved at the earliest opportunity.

Key Commercial Terms

The Convertible Notes will have a five year term and be convertible (at the option of the holder) at an time, at an issue price of US$0.018263 per share, determined as a 15% premium to the US$ equivalent of the volume weighted price of Austindo shares over the 20 trading days preceding 1 March 2007.

A Base Interest Rate of 10% per annum plus an Agency Fee of 2.0% per annum is payable over the life of the Convertible Notes payable semi-annually. The interest and agency fee may be paid in Austindo shares (at a 5% discount to market) at Austindo’s election.

The term sheet also contemplates that Austindo may retire the Convertible Notes, in whole or in multiples of 20%, if after 24 months from the issue date the 20-day VWAP of Austindo shares is 50% above the conversion price (subject to a continue right of the Convertible Note holder for 10 trading days to elect to convert).

The Convertible Notes will be secured (with the consent of ANZ) over Austindo’s interest in the Cibaliung Gold Project and also over all of Austindo’s interest in its other Indonesian projects.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company’s key project is Cibaliung, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent) with an average life of mine cash operating costs of approximately US$215 per ounce.

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS

Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

www.austindoresources.com.au

20 February

CIBALIUNG GOLD PROJECT UPDATE - 20 FEBRUARY 2007

The Cibaliung Gold Project is operated by PT. Cibaliung Sumberdaya, a joint venture company established between the Company and PT. Antam Tbk ("Antam").

Cibaliung is located in Banten Province near the western tip of the island of Java, 150km south west of Jakarta. The Company’s interest in the Cibaliung Project as at 31 December 2005 stood at 89.75%.

Site Development and Erection of Gold Processing Plant

The Board has resolved to put all major works on site on hold for the time being in order to conserve cash while both funding arrangements and the approach to the development of the decline are finalised.

Erection of the gold processing plant to date had been undertaken by PT Petrosea. This work is approximately 80% complete. PT Petrosea have now demobilised from site as requested. SAG Mill installation has commenced and bearing plates have been installed. Foundations for the crusher are also 80% complete. Work will resume once appropriate funding has been resolved.

Decline Development

The Decline Development Contract has been terminated. The decline contractor is in the process of extracting its roadheader from the decline and will demobilise from site at its own cost. It is anticipated that the roadheader may be completely removed by the end of February, following which the Company will be able to resume development from this face if this is considered to be the most appropriate manner to continue mine development.

The Company’s primary technical objective is to develop an appropriate mining plan which will achieve access to the ore bodies at the earliest opportunity. Discussions are well advanced with an alternate contractor who has been on site and completed drill and blast testing.

Funding

The project has experienced significant cost pressure, primarily associated capital costs increases and with the difficulties encountered in the development of the decline.

As previously advised, the Company has fully drawn the original ANZ primary debt facility of US$26 million and ANZ has provided an offer for an additional debt facility in the amount of US$5 million. The Company must restructure the existing hedging arrangements with ANZ and contribute equity funds before this additional US$5 million will become available to complete the project development.

Taking into account cost increases identified to date and the continuing cost pressure associated with the development of the decline, it is envisaged that the Company, as previously advised, will need to raise additional equity potentially in excess of US$20 million to complete the development of the project. In this regard, the Company has appointed Austock Corporate Finance Limited which is advancing discussions with a cornerstone investor. These discussions have progressed but not to the point that definitive details, including timing of their resolution can be released to the market. The financing needs to be completed before substantive work on the project can recommence.

Furthermore the Board believes that it is in the interests of the Company and its shareholders to also explore a range of corporate alternatives in order to ensure the timely completion of the project. These alternatives include discussions with other parties at a corporate and project level. These discussions are ongoing. The Company has appointed Gryphon Partners to assist it in this respect.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company’s key project is Cibaliung, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent) with an average life of mine cash operating costs of approximately US$215 per ounce.

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS

Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

09 February

CIBALIUNG GOLD PROJECT UPDATE - 09 FEBRUARY 2007

The Cibaliung Gold Project is operated by PT. Cibaliung Sumberdaya, a joint venture company established between the Company and PT. Antam Tbk ("Antam").

Cibaliung is located in Banten Province near the western tip of the island of Java, 150km south west of Jakarta. The Company’s interest in the Cibaliung Project as at 31 December 2005 stood at 89.75%.

Site Development and Erection of Gold Processing Plant

Site development and construction at the date of this report is summarised as follows:

• Erection of the gold processing plant on site is approximately 75% complete.
• SAG Mill installation is in progress with bearing plates installed. Bearing alignment and plant connection has commenced.
• Foundations for crusher are approximately 70% complete.
• All Generating Sets for the Power Plant have been installed in preparation for commissioning and connection.
• Elution Circuit and Gold Room Plant are currently all on site ready for installation.
• Tailings Dam construction has commenced.

The Board has resolved to put further construction work in respect of the plant on hold for the time being, and is also investigating the deferral of non essential or discretionary expenditure in order to conserve cash while both funding arrangements and the approach to the development of the decline are finalised.

Decline Development

The Decline Development Contract has been terminated. The decline contractor will extract the roadheader and demobilise at its own cost.

The delay in the development of the decline has already had a significant cost impact on the project and, as previously advised, the targeted first gold pour of May 2007 will not be achieved.

Discussions are taking place with an alternate contractor who has been on site and completed drill and blast testing to ascertain if this is appropriate for the development of the decline. The Company has now received a proposal from this alternate contractor to takeover the development of the decline. The Company is presently reviewing this proposal and its cost and schedule implications on the project.

Alternate Mining Plan to Achieve Earlier Gold Production

The Company is also investigating an alternate mining plan which may enable earlier access to ore bodies so that first gold pour may be accelerated.

The plan is based on the development of an alternative decline to access ore which can then be mined by hand held methods. Under the plan, development would continue to the main ore body from where mechanised mining could commence. Pursuant to this plan ore would be stockpiled to permit gold production to commence at the earliest opportunity and to then continue at a limited rate until such time as the decline has been sufficiently developed to permit continuous mining at the originally anticipated rate of 220,000 tonnes per annum.

Subject to confirming the plan’s technical merit, the Company anticipates that this plan will generate revenue for the Company from gold sales at an earlier date while the development of the decline continues. Implementation of the plan will require approval from ANZ as the project financier. While this plan, if adopted, may result in an earlier first gold pour date, the amount of ore to be processed will be limited and likely to be at a relatively low grade. At best, it is anticipated that this plan could see limited production achieved in the second half of 2007.

Funding

The project has experienced significant cost pressure, primarily associated with the difficulties encountered in the development of the decline.

As previously advised, the Company has fully drawn the original ANZ primary debt facility of US$26 million and ANZ has provided an offer for an additional debt facility in the amount of US$5 million. There are a number of pre-conditions associated with this facility including a requirement to restructure the existing hedging arrangements with ANZ and a requirement that the Company raise sufficient equity funds to complete the project development before the additional debt funds will become available.

Taking into account cost increases identified to date and the continuing cost pressure associated with the development of the decline, it is envisaged that the Company, as previously advised, will need to raise additional equity potentially in excess of US$20 million to complete the development of the Cibaliung Gold Project. In this regard, the Company has appointed Austock Corporate Finance Limited to review the company’s funding alternatives which may involve the introduction of a cornerstone investor.

Furthermore the Board believes that it is in the interests of the Company and its shareholders to also explore a range of corporate alternatives in order to ensure the timely completion of the Cibaliung project. These alternatives include discussions with other parties at a corporate and project level. These discussions are ongoing. The Company has appointed Gryphon Partners to assist it in this respect.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company’s key project is Cibaliung, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent) with an average life of mine cash operating costs of approximately US$215 per ounce.

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS

Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

18 January

CIBALIUNG GOLD PROJECT UPDATE - 16 JANUARY 2007

The Cibaliung Gold Project is operated by PT. Cibaliung Sumberdaya, a joint venture company established between the Company and PT. Antam Tbk ("Antam").

Cibaliung is located in Banten Province near the western tip of the island of Java, 150km south west of Jakarta. The Company’s interest in the Cibaliung Project as at 31 December 2005 stood at 89.75%.

Site Development and Erection of Gold Processing Plant

The erection of the processing plant is proceeding according to plan and timetable (see photo next page). It is probable, at the current rate of progress, that it will be completed ahead of schedule in March 2007. At the date of this report the status of the plant is as follows:

• Site access roads and bridges have been essentially completed
• Re-erection of the gold processing plant on site is well advanced
• Installation of CIL tanks and Thickener Tank have been completed
• Cyanide mixing tank installed
• SAG Mill installation is in progress
• Foundations for crusher 70% complete
• Foundations for Power Plant have been completed
• Construction of Elution Circuit and Gold Room Plant completed by Como in Western Australian and currently in transit to site. Foundations are in progress
• Tailings Dam construction survey has commenced

Capital Expenditure and Funding

The Company has previously reported details of capital cost increases in the order of US$18.5 million. These cost increases have related primarily to an initial underestimate in the process plant re-erection cost, a re-rating of seismic factors throughout the region, poorer than expected ground conditions in the process plant area and additional costs associated with construction, engineering, earthworks, steelwork and process plant foundations. In addition costs increases have been incurred in the areas of project delivery, finance costs, dewatering, travel, geotechnical, site preparation, equipment, transport and camp costs.

The project is continuing to experience significant cost pressure, primarily associated with the difficulties encountered in the development of the decline. As reported below decline development to date remains unsatisfactory.

The Company is continuing negotiations in respect of additional debt and additional equity finance to complete the development of the Cibaliung Gold Project.

To date the Company has fully drawn the original ANZ Bank primary debt facility of US$26 million. The ANZ Bank has provided an offer for an additional debt facility in the amount of US$5 million. There are a number of pre-conditions associated with this facility including a requirement to restructure the existing hedging arrangements with the ANZ Bank and a requirement that the Company raise sufficient equity funds to complete the project development before the additional debt funds will become available. Currently the Company has hedged 185,000 ounces of gold on a fixed flat (par) forward basis at a price US$651/oz.

Taking into account cost increases identified to date and the continuing cost pressure associated with the development of the decline, it is envisaged that the Company will need to raise additional equity in the order of US$20 million to complete the development of the Cibaliung Gold Project.

The Company has arranged a Bridging Facility in the amount of US$5 million which has been provided by PT Austindo Nusantara Jaya, AuSelect Limited, Mr. Hermani Soeprapto (Chief Operating Officer) and Mr. John Carlile (Non-Executive Director). This facility is likely to be drawn down during the course of January 2007 and is expected to form part of the additional equity of US$20 million referred to above required to complete the development of the project.

Further details in relation to project costs and funding arrangements for the Cibaliung Gold Project will be provided as details are finalised.

Decline Development

The Company reported the status of the Decline Development on 23 November 2006. For ease of reference, key sections of that report are reproduced below.

The Company has previously reported that the development of the decline had been slow due to a variety of reasons including:-

• delayed mobilisation of the contractor to site;
• adverse ground conditions initially necessitating the erection of steel sets in order to properly support the opening;
• the "sticky" nature of the material encountered has had the effect of clogging the roadheader’s conveyor system. The contractor has now modified the roadheader to partially overcome this issue;
• Insufficient skilled labour and supervision to achieve efficient operations;
• a large deformation had occurred at approximately the 70m mark resulting in a blockage of the decline.

Since reporting on 23 November 2006, progress has continued to be unsatisfactory for the following additional reasons:

• remedial work to clear the blockage of the decline has been more extensive than anticipated. 19 steel sets have been placed from the 65m mark to the 82m mark;
• voids have been encountered which have required filling with cement. A large open void has been identified above the roadheader. As a result remedial work on the decline was suspended on 14 January 2007 while plans for safely dealing with the void are developed with the safety of personnel uppermost in mind. The safety of employees and contractors engaged in this remedial work remains of the highest priority.
• large sections of the decline floor have required concreting;

The remedial work has now extended beyond the 82m mark and the rear conveyor of the roadheader has been located. It has now been confirmed that the roadheader has been buried by the collapse of material around it. It remains unclear what, if any, damage there may be to the roadheader. Subject to the remedial work being completed a full assessment of the functionality of the roadheader will be undertaken.

If the Company pursues the development of the existing decline, it is expected that the remedial work could be completed by mid March 2007 following which, under the present mine plan, the decline will need to be advanced by a further 1,300m. As a result the previously targeted first gold pour of May 2007 will not be achieved. A revised target date will be determined once a complete review of development options has been undertaken. While there are many factors impacting upon the first gold pour date, a key factor remains the date at which the ore body is accessed. Until the review of development options has been completed the Company is presently unable to be more definitive about the proposed first gold pour date.

The Company has commenced a detailed review of the proposed mine plan including a review of the decline support methodology.

Both the remedial work and the consequent delay in the development of the decline have already had a significant cost impact on the project. The Company is continuing its analysis of the likely cost impact and further guidance will be released to the market when some certainty is achieved in this regard.

A Notice to Show Cause has been served on the decline contractor. The contractor must show cause in writing why the Company should not exercise its rights under the contract either to:

(a) take out of the hands of the contractor the whole or part of the work remaining to be completed; or
(b) terminate the contract.

The Company has now received the contractor’s response to the Notice to Show Cause and it is now being considered.

Should the Company elect to terminate the decline contract a number of strategies have been developed, however further delays would be expected to arise in this scenario.

Alternate Mining Plan to achieve earlier gold production

The Company is investigating an alternate mining plan which may enable earlier access to ore bodies so that first gold pour may be accelerated.

The plan is based on the development of an alternative decline to access ore which can then be mined by hand held methods. Under the plan development would continue to the main ore body from where mechanised mining could commence. Pursuant to this plan ore would be stockpiled to permit gold production to commence at the earliest opportunity and to then continue at a limited rate until such time as the decline has been sufficiently developed to permit continuous mining at the originally anticipated rate of 220,000 tonnes per annum.

Subject to confirming the plan's technical merit, the Company anticipates that this plan will generate revenue for the Company from gold sales at an earlier date while the roadheader development of the decline continues. Implementation of the plan will require approval from ANZ Bank as the project financier. While this plan, if adopted, may result in an earlier first gold pour date, the amount of ore to be processed will be limited and likely to be at a relatively low grade. At best, it is anticipated that this plan could see limited production achieved by the end of the second quarter of 2007.

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company’s key project is Cibaliung, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent) with an average life of mine cash operating costs of approximately US$215 per ounce.

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS

Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

www.austindoresources.com.au

10.00 a.m.
Tuesday 23 May 2006