Gh aga anglogold 2002

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E X P L O R AT I O N

and results are being compiled from preliminary drilling for follow-up work in 2003. First phase drilling was completed at the Blue Desert JV in Alaska. In Nevada, three Great Basin projects were drill-tested with a further three targets to be drill-tested during 2003. AUSTRALIA In Australia, exploration at Sunrise Dam continued to be successful. Work in 2002 focused on increasing the underground Mineral Resource in the Sunrise Shear zone, the Western Shear zone and Mako structures. An additional 0.6Moz was added to the Mineral Resource in 2002. Toward the end of the year, exploration concentrated on testing extensions of the Dolly-Cosmo zone, yielding significant results from Dolly including: 19m at 4.00g/t from 934m; 2m at 15.45g/t from 728m and 24m at 5.58g/t from 374m. This drilling also intersected a new lode, Hammerhead, to the east of Cosmo. Results included 11m at 36.58g/t from 406m and 8m at 5.30g/t from 309m. Step out drilling on the Sunrise Shear zone intersected the structure up to 300m north-west of the new underground resource, with results including 4m at 8.49g/t from 502m and 7m at 3.87g/t from 635m.

At Coyote in the Tanami region, a small high-grade resource was outlined. In 2003, exploration will focus on followup targets in eastern and western Tanami.

Geologists near Lake Carey at Sunrise Dam, Australia region, where exploration continues to add Mineral Resources (below). A 3D view of the final pit shell is indicated (above).

ANGLOGOLD LIMITED ANNUAL REPORT 2002

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