Monto Minerals - Announcements 2001

k	December 2001 Extended Termination Date for Monadelphous Agreement

k	November 2001 Update on Goondicum Crater Project

k	November 2001 Resolutions - Annual General Meeting

k	November 2001 Chairman's Address - Annual General Meeting

k	October 2001 Resignation of Alternate Director

k	October 2001 ASX Announcement - Share Placement

k	October 2001 Annual Report Released to Shareholders

k	September 2001 ASX Announcement - Monadelphous Completes Phase 1 of 2 Stage Feasibility Program

k	July 2001 ASX Announcement - Share Placement

k	July 2001 Report on Activity for the quarter ended 30th June 2001

k	July 2001 Letter to Shareholders

k	July 2001 Notice of Meeting

k	July 2001 Explanatory Memorandum to Shareholders

k	July 2001 Proxy Form

k	July 2001 Goondicum Crater Project Update

k	July 2001 ASX Announcement - Agreement with Monadelphous Group on Goondicum Crater

k	May 2001 ASX Announcement - Share Placement

k	May 2001 Report on Activity for the quarter ended 31st March 2001

k	April 2001 Termination of Negotiations with Multiplex

k	March 2001 Goondicum Crater Project

k	February 2001 ASX Announcement - Placement

k	February 2001 Report on Activity for the quarter ended 31st December 2000

k	2000 Announcements made during 2000

k	1999 Announcements made during 1999

20 December 2001

ASX ANNOUNCEMENT

EXTENDED TERMINATION DATE FOR MONADELPHOUS AGREEMENT

On 2 July 2001 Monto Minerals NL entered into an agreement with Monadelphous Group Ltd (Monadelphous) to finalise the Feasibility Study, secure funding and develop the Goondicum Crater Project.

Monadelphous have advised Monto Minerals NL that they believe the Feasibility Study will be completed by 30 March 2002 but have requested a three month extension of the Agreement to achieve Financial Closure.

The termination date of the agreement was 2 April 2002 if Financial Closure had not been achieved. Monto has agreed to extend the termination date to 2 July, 2002.

The Directors believe that the extension is reasonable because significant progress has been made and Monadelphous continue to demonstrate enthusiasm and commitment to the Project.

By order of the Board

LAURIE G JOHNSON

Managing Director

20th November 2001

ASX ANNOUNCEMENT

UPDATE ON GOONDICUM CRATER PROJECT

The following is a summary of a presentation which will be delivered to shareholders following the Annual General Meeting of the Company today. The presentation will be delivered by Monadelphous Engineering Pty Ltd personnel:

* Monto Minerals NL and Monadelphous Group have entered into an agreement (dated 2 July 2001) whereby Monadelphous has taken the lead role in finalising the project Bankable Feasibility Study and subsequent project development.

* Tailings disposal has been a challenging issue due to high clay content and entrapped water. Several strategies were investigated, including the use of pozzolanic materials and the removal of finer fraction clay particles through dry separation.

* Current methodology being explored is to redeposit tailings back into mined out voids utilising by product sand to create bund walls to contain the swelled volume of tailings.

* A preliminary sand balance has been completed by Golder Associates and has proven that by excavating below the level of ore (over mining) sufficient quantities of sand are available for containment of the swelled tailings in the mined voids.

* SRK consultants are presently finalising a mining plan for the first five years of mining. Preliminary results from 2-D modelling of topography, resource depth, over mining and construction of sand bunds are positive. Further work is scheduled to confirm economic viability.

* Rehabilitation trials have been commissioned with Australasian Resource Consultants to revegetate and dewater tailings. Preliminary results from these trials have proved vegetation will readily grow in untreated tailings and significant dewatering occurs. Further trials are being scheduled.

* Transport solutions for final product are being investigated through Queensland Rail and various transport groups. Options have been tabled but are still to be discussed with Government bodies.

* Monadelphous are still pursuing participation of equity partners and continue to hold discussions with financial institutions for project funding. Several groups have shown interest but await the outcome of tailings management and the final feasibility study.

* Every effort is being made to complete all aspects of the Agreement by end of January 2002 although the original date of 2 January 2002 remains the target.

By order of the Board

LAURIE G JOHNSON

Managing Director

20th November 2001

CHAIRMAN'S ADDRESS

ANNUAL GENERAL MEETING
Tuesday, 20 November 2001 at 11.00am

Before I begin my address I draw your attention to the fact that it is given against the background of September 11 and an uncertain global economic environment.

Your Directors have focussed on the development of the Goondicum Crater Project. The Company continues to explore Eulogie which remains an important asset that will be thoroughly investigated once the Goondicum Crater Project is in production. Eulogie is very similar to Goondicum and is expected to produce the same suite of minerals with the addition of magnetite, suitable for the steel industry.

Monadelphous Group Ltd, with whom Monto Minerals has an agreement to finalise the feasibility study, secure funding and develop the Goondicum Crater Project, has been working diligently towards completing all aspects of the agreement by the end of January, 2002.

The Directors are pleased that Monadelphous Group Ltd has joined us in the Goondicum Crater Project. Monadelphous actually has been involved in the Goondicum Crater Project in various ways for several years and was instrumental in introducing Multiplex, which it has now replaced.

We consider that with the involvement of Monadelphous the shareholders benefits will be greater and be generated in less time.

Significant features of the agreement with Monadelphous are the funding and marketing arrangements that Monadelphous are endeavouring to put in place for the Project.

Once these arrangements are concluded it is likely that Monto Minerals will be in a position where it will not be seeking large amounts of equity funding from shareholders.

Monadelphous has been working with Sinclair Knight Merz, Golder Associates, SRK and AustralAsian Resource Consultants on various aspects of the feasibility with particular attention to tailings disposal and rehabilitation.

TERRY MORRIS

Chairman

17th October 2001

ASX ANNOUNCEMENT

RESIGNATION OF ALTERNATE DIRECTOR

Mr John E Lynch has resigned as alternate director for Mr Terry E Morris with effect from 15 October, 2001.

Mr Lynch, through Lynch Mining Pty Ltd, has been closely involved in providing technical assistance for development of the Goondicum Crater Project. Monadelphous Group Ltd has recently been appointed to complete feasibility and secure funding for the Project and Mr Lynch believes it is an appropriate time for his retirement from the Board.

By order of the Board

LAURIE G JOHNSON

Managing Director

15th October 2001

ASX ANNOUNCEMENT

SHARE PLACEMENT

The Directors of Monto Minerals NL advise that 5,000,000 fully paid ordinary shares and 2,500,000 free attaching unlisted options have been placed today at 4 cents each, raising $200,000. The options are exercisable at 7 cents and expire on 15 April, 2003.

A further 500,000 fully paid ordinary shares and 250,000 free attaching unlisted options have been issued in lieu of $20,000 cash payment for landholder compensation due in accordance with Mining Lease 80075.

By order of the Board

GARRY M EDWARDS

Company Secretary

11th September 2001

ASX ANNOUNCEMENT

MONADELPHOUS COMPLETES PHASE 1 OF TWO STAGE FEASIBILITY WORK PROGRAM

6,000,000 SHARES ALLOTTED TO MONADELPHOUS IN RESPECT OF PHASE 1 TESTWORK

Monadelphous Group Ltd ('Monadelphous') have confirmed completion of phase 1 of a two stage feasibility testing and evaluation program.

Phase 1 involved:

* undertaking slimes separation and consolidation trials and tailings disposal tests in respect of the Goondicum Project;

* an evaluation of the suitability of the existing Environmental Management Overview Strategy (EMOS) for the Project.

Monadelphous report that, from the tests conducted to date, they believe the Goondicum tailings can be treated and redeposited into the mining excavations. Further work is now scheduled to confirm the economic viability of such treatment.

In conjunction with AustralAsian Resource Consultants Pty Ltd, Monadelphous have reviewed the conditions of the existing EMOS for the Project and confirmed that it is appropriate for the proposed development of the Project.

In accordance with the agreement announced on 3 July 2001, Monadelphous Group Limited have today been issued 6 million fully paid ordinary shares in respect of the feasibility work at the agreed price equivalent of 8 cents per share. The issue of these shares was approved by shareholders in general meeting on 28 August, 2001.

Appendix 3B detailing the issue to Monadelphous is attached.

Monadelphous have advised Monto that, subject to confirmation of the economics regarding the tailings disposal, they remain confident of completing the balance of the feasibility work and arranging project finance as previously announced.

By order of the Board

GARRY M EDWARDS

Company Secretary

16th July 2001

ASX ANNOUNCEMENT

SHARE PLACEMENT

The Directors of Monto Minerals NL advise that, as foreshadowed on 4 July, 2,800,000 fully paid ordinary shares have been placed at 5 cents each , raising $140,000 before costs.

By order of the Board

GARRY M EDWARDS

Company Secretary

25th July 2001

LETTER TO SHAREHOLDERS

Dear Shareholder

Enclosed with this letter are:

Notice of a General Meeting of Shareholders to be held on 28 August 2001.
An Explanatory Memorandum relating to the General Meeting.
Proxy Form.
A copy of the Company's Quarterly Report for the quarter ended 30 June 2001.
Goondicum Project Update.

This is an exciting time for the company and I hope you will find time to read the information and attend the General Meeting.

If you have any questions regarding the enclosed material or the Company's Project, please do not hesitate to call me.

Yours faithfully
MONTO MINERALS NL

LAURIE G JOHHNSON

Managing Director

4th July 2001

ASX ANNOUNCEMENT

AGREEMENT WITH MONADELPHOUS GROUP LTD ON GOONDICUM CRATER PROJECT

Monto Minerals NL (Monto) is pleased to announce the signing of an agreement with Monadelphous Group Ltd (Monadelphous) to finalise the Feasibility Study, secure funding and develop the Goondicum Crater Project.

Monadelphous will finalise the feasibility study for the Goondicum Crater Project in exchange for equity in Monto. The amount of equity (Feasibility Fee) will vary depending upon the costs incurred by Monadelphous and is estimated at approximately ten percent of issued shares, but is capped at a maximum of approximately fifteen percent. Monto has the option of making a cash payment in lieu of issuing shares.

Under the agreement Monadelphous will build upon the extensive work already completed by Monto by finalising testwork, evaluation, costing and documentation of all major engineering and environmental areas of the Project development as well as marketing and financial requirements. Several parties interested in purchasing the products have been identified. A summary of the current status of the Project and the activities planned under this agreement will be circulated to shareholders in the near future.

Funding of the Project is likely to involve the introduction of additional equity partners and obtaining project finance.

Monadelphous will also be awarded an Engineering Procurement and Construction Contract for the development of the mine and will earn a Development Fee. The Development Fee will equate to approximately four percent of the estimated capital cost of mine and infrastructure development. Half of the Development Fee is payable when finance for development is secured and the balance is payable after the mine is constructed and commissioning tests have been completed.

As Monadelphous is committing to significant expenditure on the Project, a penalty applies if Monto withdraws from the agreement. That penalty would be the payment to Monadelphous of the Feasibility Fee and the Development Fee. Monto's withdrawal would only be likely if a more attractive proposal was received and accepted.

The target date for achieving closure on mine funding is 2 January 2002 and the agreement may be terminated by Monto if funding is not achieved by 2 April 2002.

Monto's Chairman, Mr Terry Morris, stated today: "this agreement with Monadelphous, a very successful, innovative and capable publicly listed company, is a most significant step towards production from the Goondicum Crater Project."

By order of the Board

LAURIE G JOHHNSON

Managing Director

10th May 2001

ASX ANNOUNCEMENT

SHARE PLACEMENT

The Directors of Monto Minerals NL advise that 1,000,000 fully paid ordinary shares have been placed, raising $66,500.

By order of the Board

LAURIE G JOHHNSON

Managing Director

10th April 2001

ASX ANNOUNCEMENT

TERMINATION OF NEGOTIATIONS WITH MULTIPLEX

On 5 March 2001, Monto Minerals NL (Monto Minerals) announced that it was entering into negotiations with Multiplex Constructions (Qld) Pty Ltd (Multiplex) for a Development Heads of Agreement in relation to the development of the Goondicum Crater Ilmenite and Titano-Magnetite Project. The announcement advised that key commercial terms were yet to be agreed.

Following review of the draft Development Heads of Agreement, the Board of Monto Minerals has formed the view that it will not be possible to reach agreement on key terms within an acceptable timeframe.

Accordingly, Monto Minerals has today advised Multiplex that it does not intend to continue negotiations in relation to the Development Heads of Agreement.

Monto Minerals now intends to commence negotiations with other companies that have expressed interest in assisting in the funding and development of the Project. Further announcements will be made in relation to the structure of alternate proposals for the development arising out of those negotiations.

By order of the Board

LAURIE G JOHHNSON

Managing Director

5th March 2001

ASX ANNOUNCEMENT

GOONDICUM CRATER PROJECT

After 12 months of investigation, Multiplex Constructions (Qld) Pty Ltd (Multiplex) has advised Monto Minerals NL (Monto) that it is willing in principle to proceed with the Goondicum Crater Ilmenite and Titano-magnetite Project, subject to the agreement of key commercial terms, and the negotiation of a Memorandum of Understanding. Multiplex has further advised Monto that it expects to be able to progress the Project to financial closure once cost and revenue assumptions have been confirmed.

The Memorandum of Understanding between the two parties is now being developed to provide detailed arrangements and a working structure for the mutual benefit of both parties.

The Heads of Agreement (previously announced) concerning the development of the Project expired on the termination date of 4 March, 2001.

By order of the Board

LAURIE G JOHHNSON

Managing Director

8th February 2001

ASX ANNOUNCEMENT

PLACEMENT

The Directors of Monto Minerals NL advise that 1,250,000 fully paid ordinary shares have been placed, raising $100,000. One free option for each two shares placed have been issued. These 625,000 unlisted options are exercisable at 10¢ within 12 months of the date of issue.

By order of the Board

LAURIE G JOHHNSON

Managing Director