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Southland Colliery Update and Roadshow Presentation

17 November 2003

At Gympie Gold's 90%-owned Southland Colliery, the upgraded longwall unit has now been successfully commissioned and productivity has exceeded expectations since mining of longwall panel SL4 commenced in late October 2003.

Coal production has totalled 140,000 run-of-mine tonnes for the first half of November 2003 and the mine achieved a record week of production. This performance continues to indicate that an increase in washed product to over 2 million tonnes per annum can now be targeted.

Attached is a presentation to investors in the United Kingdom and Australia as part of a roadshow this week.

Gympie Gold is dual-listed on ASX (Code "GYM") and AIM (Code "GGD") and is an Australian mining exploration, production and marketing company with two core businesses: coking coal and gold.



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    Last Modified: Thursday, 20-Nov-2003 17:40:35 EST