Austindo Resources - 2000 Announcements

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8 November 2000

Renounceable Rights Issue

The Company is pleased to announce a renounceable rights issue at 5.5 cents per share on the basis of one new share for every share held in the Company as at 17 November, 2000.

The Company has received firm commitments from shareholders connected with the Austindo Group of Indonesia, as well as the Lion Selection Group of Australia that they will subscribe for their entitlements, which amount to 57.6% of the Issue. The issue is partly underwritten by ABN AMRO Morgans Corporate Limited.

The issue will result in the allotment of a maximum of approximately 197.7 million new shares. A prospectus and entitlement and acceptance forms will be sent to shareholders on 22 November 2000. Details of the underwriting arrangements will be set out in the prospectus. As a result of the issue the Company will raise a minimum of $8.5 million and a maximum of $10.9 million, before issue costs.

The funds raised will primarily be used to advance our exploration and development of the Cibaliung Project in Banten Province, Java, where the Company has been drilling since March of this year. The Company believes that the drilling results, which have been reported to date, are encouraging. In addition, some of the funds may be applied to our project generation efforts and if successful, to the acquisition of a new project or projects to expand the asset base of the Company. While no specific opportunity has been identified at this stage, the Company intends to maintain its focus on gold exploration in Indonesia.

Although the gold sector has experienced low prices in recent years and the socio-economic environment in Indonesia has been difficult, the Company has maintained its focus where it believes its strengths lie. The geological prospectivity in Indonesia remains attractive and we believe that the Company is well positioned to capitalise on opportunities in Indonesia.

Shareholders who currently hold less than 5,000 Shares in the Company will also have the opportunity to subscribe for additional shares to round up their holding to 10,000 shares.

Please find attached our Appendix 3B setting out further details of the issue.

Yours faithfully

John C. Carlile
Managing Director & CEO

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement,
application for quotation of additional securities
and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000.

Name of entity

AUSTINDO RESOURCES CORPORATION NL

ACN, ARBN or ARSN

002 678 640

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1	⁺Class of ⁺securities issued or to be issued	Fully paid ordinary shares
2	Number of ⁺securities issued or to be issued (if known) or maximum number which may be issued	197,666,687
3	Principal terms of the ⁺securities (eg, if options, exercise price and expiry date; if partly paid ⁺securities, the amount outstanding and due dates for payment; if ⁺convertible securities, the conversion price and dates for conversion)	Subscription Price of 5.5 cents
4	Do the ⁺securities rank equally in all respects from the date of allotment with an existing ⁺class of quoted ⁺securities? If the additional securities do not rank equally, please state: the date from which they do the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment	Yes
5	Issue price or consideration	5.5 cents
6	Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)	The maximum net proceeds are anticipated to be approximately $10.5 million which is expected to be applied as follows: Exploration and associated activities on the Cibaliung Project in Indonesia - $6.3 million Feasibility Study of Cibaliung - $1.4 million Project Generation/Acquisition- $1.0 million General Working Capital - $1.8 million

7	Dates of entering ⁺securities into uncertificated holdings or despatch of certificates	Monday 8 January 2001
		Number	⁺Class
8	Number and ⁺class of all ⁺securities quoted on ASX (including the securities in clause 2 if applicable)	395,333,374	Ordinary
		Number	⁺Class
9	Number and ⁺class of all ⁺securities not quoted on ASX (including the securities in clause 2 if applicable)	45,000,000 5,000,000 9,266,034	Options @ 11 cents on or before 25/2/01 Options @ 20 cents on or before 20/5/03 Convertible Notes
10	Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)	The Directors are not able to say if dividends will be paid in the future. No dividends are anticipated for the foreseeable future.

Part 2 - Bonus issue or pro rata issue

11	Is security holder approval required?	No
12	Is the issue renounceable or non-renounceable?	Renounceable
13	Ratio in which the ⁺securities will be offered	one for one plus an invitation to round up to 10,000
14	⁺Class of ⁺securities to which the offer relates	Ordinary shares
15	⁺Record date to determine entitlements	17 November 2000
16	Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?	Yes
17	Policy for deciding entitlements in relation to fractions	Not applicable
18	Names of countries in which the entity has ⁺security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7.	The issue is being offered to shareholders with registered addresses in Australia and New Zealand only. The Underwriter will sell the rights of shareholders outside Australia and New Zealand by sale through the ASX if there is a viable market in Rights and a premium over the expenses of sale can be obtained. The proceeds of the sale will be distributed to the shareholders for whose benefit the rights have been sold in proportion to their shareholdings (after deducting costs involved in the sale and the distribution of proceeds). Net proceeds from the sale of rights will be provided to shareholders in Australian dollars. If there is no viable market for the Rights, the entitlements will be allowed to lapse and revert to the Underwriter.
19	Closing date for receipt of acceptances or renunciations	13 December 2000
20	Names of any underwriters	ABN AMRO Morgans Corporate Limited
21	Amount of any underwriting fee or commission	Underwriting Commission - $91,249.55 Management Fee - $64,080.74
22	Names of any brokers to the issue	Not applicable
23	Fee or commission payable to the broker to the issue	Not applicable
24	Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of ⁺security holders	Not applicable
25	If the issue is contingent on ⁺security holders' approval, the date of the meeting	Not applicable
26	Date entitlement and acceptance form and prospectus will be sent to persons entitled	22 November 2000
27	If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders	8 November 2000
28	Date rights trading will begin (if applicable)	13 November 2000
29	Date rights trading will end (if applicable)	6 December 2000
30	How do ⁺security holders sell their entitlements in full through a broker?	Complete the section on the Rights Issue Entitlement & Acceptance Form marked "Instructions to Your Sharebroker" and lodge the form with your sharebroker.
31	How do ⁺security holders sell part of their entitlements through a broker and accept for the balance?	Complete the Rights Issue Entitlement & Acceptance Form where indicated including the section marked "Instructions to Your Sharebroker and lodge the form, together with payment for the amount of application monies due in respect of the new shares to be accepted, with your sharebroker.
32	How do ⁺security holders dispose of their entitlements (except by sale through a broker)?	Forward a completed stamped standard renunciation form(s) (obtainable from your sharebroker or the Company's share registry together with the Rights Issue Entitlement and Acceptance Form to the Company's share registry.
33	⁺Despatch date	8 January 2001

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

34	Type of securities (tick one)
(a)		Securities described in Part 1
(b)		All other securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities
(If the additional securities do not form a new class, go to 43)

Tick to indicate you are providing the information or documents

35		The names of the 20 largest holders of the additional ⁺securities, and the number and percentage of additional ⁺securities held by those holders
36		A distribution schedule of the additional ⁺securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over
37		A copy of any trust deed for the additional ⁺securities

(now go to 43)

Entities that have ticked box 34(b)

38	Number of securities for which ⁺quotation is sought
39	Class of ⁺securities for which quotation is sought
40	Do the ⁺securities rank equally in all respects from the date of allotment with an existing ⁺class of quoted ⁺securities? If the additional securities do not rank equally, please state: the date from which they do the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
41	Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security)

		Number	⁺Class
42	Number and ⁺class of all ⁺securities quoted on ASX (including the securities in clause 38)

(now go to 43)

All entities

Fees

43		Payment method (tick one)
		Cheque attached
		Electronic payment made Note: Payment may be made electronically if Appendix 3B is given to ASX electronically at the same time.
		Periodic payment as agreed with the home branch has been arranged Note: Arrangements can be made for employee incentive schemes that involve frequent issues of securities.

Quotation agreement

1. ⁺Quotation of our additional ⁺securities is in ASX's absolute discretion. ASX may quote the ⁺securities on any conditions it decides.

2. We warrant to ASX that the issue of the ⁺securities to be quoted complies with the law and is not for an illegal purpose, and that there is no reason why those ⁺securities should not be granted ⁺quotation. We warrant to ASX that an offer of the ⁺securities for sale within 12 months after their issue will not require disclosure under section 707(3) of the Corporations Law.

3. We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

4. We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before ⁺quotation of the ⁺securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here:	(signed A.J. Cooke)	Date: 8 November 2000
	(Company secretary)
Print name:	Andrew J. Cooke

30 September 2000

Appendix 5B
Mining exploration entity quarterly report

for quarter ending 30 September, 2000

download report (20k)

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29 September 2000

Notification of Change of Address of Share Registry

In accordance with Listing Rules 3.15.1 the Company advises that with effect from Monday 2 October 2000 the address of the Company’s Share Registry will change to:

Computershare Registry Services Pty Limited
Level 5
115 Grenfell Street
ADELAIDE SA 5000

Other contact details for the share registry remain unchanged.

Yours sincerely

Andrew J Cooke
Company Secretary

6 September 2000

Cibaliung Project, West Java - Indonesia

Drill Results

Austindo Resources Corporation is pleased to announce results of continuing drilling at its Cibaliung project.

At Cibaliung gold mineralisation is hosted within epithermal quartz-adularia veins and two high-grade shoots, referred to as Cikoneng and Cibitung have been identified to date.

Results from the first seven holes (AC-001 to AC-007) were reported in the Quarterly Report to the end of June, 2000. A further four holes have been completed (AC-008 to AC-011) for a total of 2,940 metres to date.

The latest drilling has tested for depth extensions at Cibitung. Three holes, AC-008, AC-010 and AC-011 intersected broad zones of quartz stockwork, quartz veins and vein breccia with average gold grades (no cut-off applied) as shown below. Hole AC-006, which has been reported previously, intersected the same broad zone:

AC-006 from 117.6m to 137.7m (20.1m downhole) 2.71g/t Au & 36g/t Ag.
AC-008 from 208.25m to 234.45m (26.2m downhole) 3.06g/t Au & 29g/t Ag.
AC-010 from 240.85m to 278.25m (37.4m downhole) 6.20g/t Au & 50g/t Ag.
AC-011 from 197.8m to 221.3m (23.5m downhole) 2.34g/t Au & 19g/t Ag.

Within this broad zone, higher potentially economic gold grades occur as two distinct lodes, one confined to the hangingwall of the main structure and the other towards its footwall. Silver values are higher in the footwall lode in AC-8, 10 & 11 suggesting that the two lodes may be the result of separate phases of mineralisation.

New results reported to a 3g/t Au cut-off are set out below:

Hole # ID	Lode	From -To (metres)	Length (m)	Au (g/t)	Ag (g/t)	Recovery %
AC-006	Hangingwall	122.40 - 123.35	0.95	19.10	133	100.0
Previously Reported	Footwall	130.40 - 133.50	3.10	6.35	42	96.8
AC-008	Hangingwall	217.20 - 220.75	3.55	15.41	62	94.4
	Footwall	232.40 - 233.15	0.75	4.91	150	88.0
AC-009	No significant mineralisation
AC-010	Hangingwall	241.80 - 248.20	6.40	12.03	22	98.4
	Footwall	256.95 - 269.15	12.20	11.26	101	97.4
AC-011	Hangingwall	197.80 - 203.40	5.60	4.77	11	97.1
	Footwall	243.05 - 245.50	2.45	3.42	228	99.3

*Note: Results reported to 3g/t Au cut-off.

Hole AC-010 is particularly encouraging. It is the deepest hole drilled to date at Cibitung and intersected the shoot at approximately 250 metres below surface. The intersection indicates that the width of the overall vein structure increases with depth and that the width and grade of both the hangingwall and footwall lodes also increase with depth.

Hole AC-011 appears to occur towards the edge of the shoot where both lodes are present, but grade and width is lower. Hole AC-009 is outside the shoot limits and did not intersect any significant mineralisation.

Recent detailed studies of the vein mineralogy and structure suggest that the dilation zone that was responsible for localising the mineralisation at Cibitung, may be better developed at depth and to the south. This area provides a priority target and further drilling is being conducted with the objective of better defining the Cibitung Shoot and further extending it at depth.

Formation of Joint Venture Company

The Company is also pleased to confirm that it has obtained approval from the Indonesian Capital Investment and State-owned Enterprises and Development Board for the establishment of PT Cibaliung Sumberdaya ("CS") as a joint venture mining services company. In accordance with the terms of the Joint venture Agreement dated 2^nd November 1999 ("JVA"), the Company will hold 63% of the shares in CS, and International Antam Resources Ltd ("IAR") will hold 37%. Further approval from the Indonesian Minister for Justice and Human Rights will now be pursued to enable CS to formally commence operations in Indonesia.

In accordance with the terms of the JVA, CS will enter into a Mining Services Agreement with both PT Aneka Tambang (a 65% state owned mining company) and PT Antam Resourcindo (a wholly owned subsidiary of IAR) who together hold the relevant authorisation to explore at Cibaliung (and are both parties to the JVA).

Under Indonesian mining law there are two types of licence relevant to gold. They are the Kuasa Pertambangan ("KP") and the Contract of Work ("CoW"). A KP is a mining authorisation which may only be granted to Indonesian government agencies, state enterprises, private corporations, co-operatives or Indonesian citizens. A CoW is a legally binding agreement with the government of the Republic of Indonesia and may be entered into with non-Indonesian investors.

Traditionally the Indonesian government has only permitted the granting of KPs in respect of projects located in Java. While the Company may not hold a KP, PT Aneka Tambang is approved by the Indonesian government to hold KP's in Java and accordingly the Company's participation in the Cibaliung project is a contractual one in the form of the JVA and of the Mining Services Agreement referred to above, rather than a direct interest in the KP.

Pursuant to a decree issued by the Ministry of Mines and Energy in Indonesia on 4 August, 1999 there is now provision for foreign controlled entities, such as CS, to hold a Contract of Work over projects located in Java. It is likely that CS will apply for a Contract of Work to directly secure a right to develop and mine the Cibaliung project. CS's right to do so is acknowledged by PT Aneka Tambang and PT Antam Resourcindo in the JVA.

The term of the existing exploration KP in respect of the Cibaliung project has now been extended for three years to 13 May, 2003 which is sufficient for the Company to carry out the necessary exploration required to determine the economic viability of the project.

Yours sincerely,

John C. Carlile
Managing Director & CEO

In accordance with Australian Stock Exchange Listing Rule 5.10, the drill results contained in this report is based on information compiled by Mr. Drew D. Henry as Consultant Geologist for the Company. Mr. Henry has consented in writing to the inclusion of such information in this report in the form and context in which it appears. Mr. Henry is a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists and holds the relevant qualifications as a "competent person" as defined by the Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves.

30 June 2000

Half Yearly Financial Report - June 30 2000

Directors’ Report
Consolidated Profit & Loss Statement
Consolidated Statement of Financial Position
Consolidated Statement of Cash Flows
Notes
Directors’ Declaration
Audit Review Report

DIRECTORS' REPORT

Your directors present the financial report of the economic entity for the half year ended 30 June 2000.

Directors

The names of Directors who held office during or since the end of the half year are as follows:

Mr. George S. Tahija
Mr. John C. Carlile
Mr. Kingston K.Y. Lee
Ms. Anna Y.C. Cheng
Mr. Bruce J. Paterson
Mr. Bruce J. Watson

Review of Operations

During the six month period to 30 June 2000, the economic entity continued exploration activities at the Cibaliung project in West Java. Drilling commenced in March and at 30 June 2000 seven drill holes had been completed for a total of 1,760 metres.

The Company engaged an independent consultant to obtain expressions of interest from prospective purchasers of the Company's interest in the Saran Project in West Kalimantan. As no buyer or joint venture partner could be obtained the Directors resolved to commence action to terminate the Contract of Work and to proceed with the dissolution of PT Eastara Melawi Mineral.

The prospect of prolonged social, political and economic uncertainty in Indonesia remains of some concern to the Company. With senior management based in Indonesia and the involvement of PT Austindo Mining Corporation in the management of all operations, the Board of Directors is satisfied that the Company is as well placed as any to deal effectively with this situation. The bulk of the Company's cash reserves are maintained on deposit within Australia.

The consolidated loss of the economic entity for the period was $1,741,208 after income tax.

This report is signed in accordance with a resolution of the Board of Directors.

Dated at Sydney, New South Wales, this 12^th day of September 2000

(signed J.C. Carlile) (signed B. J. Watson)


John C. Carlile Managing Director & CEO	Bruce J. Watson Director

CONSOLIDATED PROFIT & LOSS STATEMENT
FOR THE HALF-YEAR ENDED 30 JUNE 2000

Note	30.06.00 $	30.06.99 $
OPERATING REVENUE Sales Revenue Other Revenue	- 79,970 =========	- 84,465 =========
OPERATING PROFIT/(LOSS) before abnormal items and income tax 2	(963,591)	(417,934)
ABNORMAL ITEMS before income tax 3	(777,617) --------------	(111,828) --------------
OPERATING PROFIT/(LOSS) before income tax	(1,741,208)	(529,762)
INCOME TAX attributable to operating profit/(loss)	- --------------	- --------------
OPERATING PROFIT/(LOSS) after income tax	(1,741,208)	(529,762)
OUTSIDE EQUITY INTERESTS in operating profit/(loss) and extra- ordinary items after income tax	- --------------	97,406 --------------
OPERATING PROFIT/(LOSS) and extraordinary items attributable to members of Austindo Resources Corporation NL	(1,741,208)	(432,356)
ACCUMULATED LOSSES at the beginning of the half-year	(25,535,129) --------------	(29,947,609) --------------
ACCUMULATED LOSSES at the end of the half-year	(27,276,337) =========	(30,379,965) =========

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2000

	30.06.00 $	31.12.99 $	30.06.99 $
CURRENT ASSETS Cash Receivables Other	2,870,020 11,093 66,373 --------------	1,175,572 8,611 163,903 --------------	3,253,801 27,199 150,545 --------------
TOTAL CURRENT ASSETS	2,947,486 --------------	1,348,086 --------------	3,431,545 --------------
NON-CURRENT ASSETS Receivables Property, Plant and Equipment Intangible	6,000 1,224,968 - --------------	6,000 544,906 - --------------	6,766 7,707,004 - --------------
TOTAL NON-CURRENT ASSETS	1,230,968 --------------	550,906 --------------	7,713,770 --------------
TOTAL ASSETS	4,178,454 --------------	1,898,992 --------------	11,145,315 --------------
CURRENT LIABILITIES Accounts Payable Borrowings Provisions Other	563,630 1,019,264 9,692 66,500 --------------	249,102 1,025,258 8,723 66,525 --------------	242,713 1,019,264 12,842 66,591 --------------
TOTAL CURRENT LIABIITIES	1,659,086 --------------	1,349,608 --------------	1,341,410 --------------
NON-CURRENT LIABILITIES Provisions	16,800 --------------	15,750 --------------	14,700 --------------
TOTAL NON-CURRENT LIABILITIES	16,800 --------------	15,750 --------------	14,700 --------------
TOTAL LIABIITIES	1,675,886 --------------	1,365,358 --------------	1,356,110 --------------
NET ASSETS	2,502,568 =========	533,634 =========	9,789,205 =========

	30.06.00 $	31.12.99 $	30.06.99 $
EQUITY Parent Entity Interest: Share Capital Reserves Accumulated Losses Shareholders' equity attributable to Members of Austindo Resources Corporation N.L.	29,778,905 - (27,276,337) -------------- 2,502,568	26,068,763 - (25,535,129) -------------- 533,634	26,068,763 16,188,882 (30,379,965) -------------- 11,877,680
Outside equity interests in controlled entities: Share Capital Accumulated Losses	- - --------------	- - --------------	7,896 (2,096,371) --------------
	- --------------	- --------------	(2,088,475) --------------
TOTAL EQUITY	2,502,568 =========	533,634 =========	9,789,205 =========

CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE HALF-YEAR ENDED 30 JUNE 2000

Note	30.06.00 $	30.06.99 $
Cash flows from operating activities Receipts from customers Payments to suppliers and employees and capitalised expenses Interest received Interest paid	- (1,019,558) 79,970 (38,210) --------------	- (1,528,921) 84,307 (33,092) --------------
Net cash outflow from operating activities	(977,798) --------------	(1,477,706) --------------
Cash flows from investing activities Payments for plant and equipment Receipts from sale of plant and equipment Payments in respect of Cibaliung joint venture	(174,989) 17,053 (809,903) --------------	(15,213) - - --------------
Net cash inflow/(outflow) from investing activities	(967,839) --------------	(15,213) --------------
Cash flows from financing activities Proceeds from the issue of shares Payments for capital raisings Payments to former shareholders *	3,710,142 (54,235) (25) --------------	- - (18) --------------
Net cash inflow/(outflow) from financing activities	3,655,882 --------------	(18) --------------
Net increase/(decrease) in cash	1,710,245	(1,492,937)
Cash at beginning of the financial period	1,175,572	4,858,801
Net effects of exchange rate changes on cash	(15,797) --------------	(112,063) --------------
CASH AT END OF FINANCIAL PERIOD	2,870,020 ========	3,253,801 ========
Non-cash financing activities 5

* Proceeds from the sale of shares in 1994 on behalf of shareholders holding an unmarketable parcel of shares, in accordance with the Constitution of the Company.

NOTES TO THE CONSOLIDATED FINANCIAL REPORT
FOR THE HALF YEAR ENDED 30 JUNE 2000

1. BASIS OF PREPARATION OF THE ACCOUNTS

This general purpose half-year consolidated financial report has been made out in accordance with Accounting Standard AASB 1029: Half-Year Accounts and Consolidated Accounts and other mandatory professional reporting requirements.

It is recommended that this financial report is read in conjunction with the Annual Financial Statements of Austindo Resources Corporation N.L. as at 31 December 1999, together with any public announcements made by Austindo Resources Corporation N.L. and its controlled entities during the half-year ended 30 June, 2000 in accordance with the continuous disclosure obligations arising under the Corporations Law.

For the purposes of preparing the half-year financial statements, the half-year has been treated as a discrete reporting period.

The accounting policies have been consistently applied by the entities in the economic entity and are consistent with those of the previous financial year and corresponding half year, with the exception of PT Eastara Melawi Mineral ("EMM").

Pursuant to a resolution to proceed with the dissolution of EMM on 9 June, 2000 (refer note 9), EMM changed its basis of accounting for periods subsequent to 9 June, 2000 from the going concern basis to the liquidation basis, in accordance with which assets and liabilities are reflected at net realisable value. There is inherent uncertainty in the presentation of financial statements on a liquidation basis, in respect of the amounts at which the realisable value of assets is presented and the amounts that obligations are stated.

	30.06.00 $	30.06.99 $
2. OPERATING LOSS Included in the operating loss before tax are the following items of revenue and expense: Interest revenue Interest expense	79,970 38,210 ========	84,465 33,649 ========

	30.06.00 $	30.06.99 $
3. ABNORMAL ITEMS Operating loss is arrived at after (debiting)/crediting the following abnormal items (no income tax applicable): Net unrealised foreign exchange gains/(losses) Property, plant and equipment written off Provision for goodwill on consolidation*	38,663 (40,821) (775,459) --------------	111,828 - - --------------
	(777,617) ========	111,828 ========

* In accordance with the Joint Venture Agreement, Austindo Resources Corporation N.L. is required to contribute the first US$1,425,000. As such, on consolidation, goodwill arises which is referable to the other joint venturer's interest in the contributions by Austindo Resources Corporation NL. The directors have resolved not to recognise the goodwill on consolidation at this time. Accordingly, a provision has been created in respect of the other joint venturer's interest in the contributions, to date, of Austindo Resources Corporation N.L. (refer Note 4)

	30.06.00 $	31.12.99 $	30.06.99 $
4. INTANGIBLE Goodwill on consolidation Provision for goodwill on consolidation	775,459 (775,459) --------------	- - --------------	- - --------------
	- ========	- ========	- ========

	30.06.00 cents	30.06.99 cents
5. EARNINGS / (LOSS) PER SHARE Basic (loss) - cents per share Diluted (loss) - cents per share	(1.0) (1.0)	(0.3) (0.1)

	30.06.00 $	30.06.99 $
6. NON-CASH FINANCING ACTIVITIES Interest accrued in respect of convertible notes issued to PT Austindo Mining Corporation	11,624 ========	10,198 ========

7. INTEREST IN CIBALIUNG GOLD PROJECT
JOINT VENTURE

On 2 November, 1999 Austindo Resources Corporation N.L. ("the parent entity") entered into a joint venture agreement with International Antam Resources Limited ("IAR"), PT Aneka Tambang (Persero) Tbk and PT Antam Resourcindo (a subsidiary of IAR) to jointly explore and develop the Cibaliung Gold Project in West Java, Indonesia. The parent entity and IAR hold a 63% and 37% interest in the Cibaliung joint venture respectively.

In accordance with the joint venture agreement, each party is liable to contribute to the joint venture on an equity basis after Austindo Resources Corporation NL has solely funded $2,375,000 (US$1,425,000).

To the extent that satisfactory results continue to be obtained, Austindo Resources Corporation N.L. has an obligation to advance a further $452,092 (US$271,255) to the Cibaliung Joint Venture.

8. CONTINGENT LIABILITIES

The Directors are aware of a debenture charge registered under the Corporations Law, in favour of PT Austindo Mining Corporation, securing financial accommodation of $900,000 provided by way of Convertible Notes. The debenture charge is in respect of the whole of the undertaking and all of the assets, present and future, of Austindo Resources Corporation NL.

9. PT EASTARA MELAWI MINERAL - DISSOLUTION

PT Eastara Melawi Mineral (a controlled entity), ceased exploration activities in October 1999, as a commercially viable gold deposit had not been located.

On 9 June 2000 it was resolved that PT Eastara Melawi Mineral be dissolved and that the appropriate steps be taken to terminate the Contract of Work with the Government of the Republic of Indonesia.

10. INDONESIAN ECONOMY

Indonesia continues to experience severe economic difficulties which have resulted in currency depreciation/volatility, liquidity constraints and significant slowdowns in business activity. The operations of the economic entity may be affected by the country's economic crisis.

11. MATTERS SUBSEQUENT TO END OF THE FINANCIAL PERIOD

There are no matters subsequent, not otherwise reported herein, which would have a material effect on the financial position of the Company.

DIRECTORS' DECLARATION

The directors of Austindo Resources Corporation N.L. hereby declare that:

1. the financial statements and notes thereto:

(a) comply with accounting standard AASB1029: Half-year accounts and consolidated accounts and the Corporations Regulations; and

(b) give a true and fair view of the consolidated entity's financial position as at 30 June, 2000 and of its performance for the period ended on that date;

2. in the directors' opinion, there are reasonable grounds to believe that the parent entity will be able to pay its debts as and when they become due and payable.

Signed in accordance with a resolution of the directors this 12^th day of September, 2000.

(signed J.C. Carlile) (signed B. J. Watson)

John C. Carlile
Managing Director & CEO Bruce J. Watson
Director

AUDIT REVIEW REPORT

30 June 2000

30th June, 2000
Australian Stock Exchange Limited
Level 7, Exchange Centre
20 Bridge Street
Sydney
NSW 2000

Cibaliung Project, West Java - Indonesia Drill Results

The Company is pleased to announce the results of ongoing drilling at its Cibaliung Gold Project in West Java, Indonesia. The Company announced in November 1999, an Inferred Resource for the Cikoneng & Cibitung shoots of 993,000 tonnes @ 9.78 g/t Au & 57.5 g/t Ag containing 312,230 ounces of gold and 1.83 million ounces of silver.

The objective of the drilling programme for this year is to expand the inferred resource, convert part of that inferred resource to indicated status and test for new vein systems and extensions within the tenement. It is planned to drill between 8,000 and 10,000 metres this year. The drilling programme commenced in March this year.

Results from the first three holes announced in May confirmed vein geometry and grade within the Cikoneng shoot and increased confidence in the geological interpretation of the resource. Six holes have now been completed for a total of 1,460 metres.

The assay results of the three recently completed holes are:

Hole	Vein From (m)	Intercepts To (m)	Downhole Length (m)	Assay Au (g/t)	Results Ag (g/t)	Core Recovery
Cikoneng
AC-4	231.20	238.60	7.40	6.71	43	93.2%
	251.70	253.80	2.10	34.04	228	90.5%

AC-5*	200.55	206.50	5.95	1.61	18	94.1%

Cibitung
AC-6	122.40	123.35	0.95	19.10	133	100.0%
	130.40	133.50	3.10	6.35	42	96.8%

*Note: Results reported to 3g/t Au cut-off except AC-5 (1g/t Au cut-off).

AC-4 and AC-5 were drilled to test for extensions of the Cikoneng shoot at depth. AC-4 has confirmed the northerly down-plunge extension of the mineralised system.

AC-5 has demonstrated that the vein system continues at depth however the grade of mineralisation, in this hole, is lower.

Figure 1

AC-6 was drilled to test for extensions of the Cibitung shoot. The intersections in this hole indicate that the Cibitung mineralised shoot extends 90 metres to the north and down-plunge from previous intersections. The next hole in the programme will test the Cibitung Shoot 80 metres further north and down-plunge from AC-6.

The new drill holes AC-4, 5 & 6 are located in plan in Figure 2 below (together with AC-1, 2 & 3 announced 10th May 2000) below.

map
Figure 2

The drilling to date has increased confidence in the resource defined at Cikoneng and has demonstrated that there is potential to increase the resource at Cibitung.

Yours sincerely

John C. Carlile
Managing Director & CEO

In accordance with Australian Stock Exchange Listing Rule 5.10, this report is based on information compiled by Mr. Drew D. Henry as Consultant Geologist for the Company. Mr. Henry has consented in writing to the inclusion of such information in this report in the form and context in which it appears. Mr. Henry is a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists and holds the relevant qualifications as a "competent person" as defined by the Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves.

30 June 2000

Appendix 5B
Mining exploration entity quarterly report

for quarter ending 30 June, 2000

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12 May 2000

Annual General Meeting
Managing Director's Presentation

The following is an address to be presented to the Annual General meeting of the Company to be held on 29 April, 1999 by the Managing Director & CEO, Mr. John Carlile:

"1999 was the third year of economic weakness and political and social instability in Indonesia. However, the major events of the year gave cause for some optimism.

The parliamentary elections in June led to the first democratically elected legislature in Indonesia since 1955. In October the election of Mr. Abdurrahman Wahid as President and Mrs. Megawati Sukarnoputri as Vice President was unexpected but broadly welcomed.

Both the President and the Vice President are committed to the principles of a fair, tolerant and democratic Indonesia.

The magnitude of problems facing the new government should not however be underestimated. The government has to persuade powerful interests in Indonesia to follow new methods and policies. It also has to persuade the international community that positive change is underway in Indonesia that will benefit the country and also contribute to regional stability. They must also persuade investors that this process will not be reversed.

The transition to full and effective democracy will take several years. However, the process has started and there are early signs of business confidence returning.

The Government is supporting the transfer of authority to the regions as part of its strategy to build a fairer and more democratic society.

Decision making from Jakarta has been a major cause of social disorder in many provinces. Regional autonomy is undoubtedly necessary and desirable to solve this. It will however create new complexities and uncertainties.

There are also new forestry laws in place, and a new mining law is being drafted.

All of these aspects will create new challenges for the mining sector and will have an impact on how we should best conduct our activities.

With the continuing difficulties across the country and with the low gold price, there has been a marked decline in the amount of exploration by foreign companies in the resource sector.

Your Company is one of the very few that has continued to explore for gold in Indonesia.

We aim to benefit from this situation by securing top quality projects at a time when competition is much less intense than it has been in the past. The Cibaliung Project is an example of the type of opportunity that can be secured by pursuing this counter cyclical approach.

Moving briefly to the financial results of the Company.

The financial position was materially impacted by the decision to fully write off our investment in PT Eastara Melawi Mineral in light of the disappointing drilling results from Saran.

The consolidated losses mainly reflect this write-off and also the write off of normal operating expenses during the year.

At year end net assets of the Company had been reduced to approximately A$500,000 representing cash and the acquisition cost of our entry into Cibaliung.

Since year-end, and to pave the way for going forward, the Company has completed a capital raising of A$3.7 million, which will enable it to continue its work on the Cibaliung Project.

Turning to Operations in 1999..,

Early in the year our focus was on preparation for drilling at Saran.The thinking was that IP anomalies at depth in the breccias indicated high sulphide contents which may have been associated with gold.

Drilling at Sengkalan indeed confirmed the presence of a large breccia system containing sulphide. It did not unfortunately intersect any potentially economic gold mineralisation.

While there are still several untested breccia targets at Saran I strongly believe that the resources of the Company are better directed toward more advanced high grade exploration projects.

With this in mind, during the latter part of 1999 we acquired a 63% controlling interest in the Cibaliung Project. Our joint venture partner is International Antam Resources Ltd. of Canada who hold the remaining 37%.

Cibaliung is a high-grade epithermal gold vein system located in West Java.

Other examples of this type of deposit in Indonesia are Gunung Pongkor also in West Java, which is owned by Aneka Tambang, and Gosowong in Halmahera, which is majority owned by Newcrest.

Gold and silver mineralisation at Cibaliung occurs in a system of quartz-adularia veins that strike NNW. The veins have been traced on surface for 1.4 km. High-grade mineralisation has so far been identified in two shoots, at Cikoneng to the north and at Cibitung to the south.

Another vein system occurs 400 metres west of Cibitung. This Cibeber vein strikes NE and has a known strike length of 500 metres. It is open to the SW.

Since entering the project last November a number of significant steps have been achieved:

1. After assessing all available data the Company announced an Inferred Resource of:

993,000 tonnes @ 9.78 g/t Au & 57.4 g/t Ag
containing
312,230 oz gold & 1.83 million oz silver;

2. Australian Mining Consultants then conducted a scoping study on site. The key conclusions of the study were:

Firstly; any mining operation will likely be underground; this is an advantage in West Java due to the relatively high population density.
Secondly; the vein and wallrocks are relatively weak and highly fractured; so geomechanical aspects should be addressed at an early stage simultaneously with exploration.
Thirdly; ground conditions at Cikoneng appear to be better than those at Cibitung; as Cikoneng also contains roughly 2/3 of the current inferred resource drilling will focus in this area first.
And Fourthly, a project with a mineable resource of around 1 million tonnes at grades similar to the current "Inferred Resource" has the potential to be economically viable.

3. Environmental Studies have commenced and initial fieldwork and sampling is complete; the results are being used to plan an Environmental Base Line study and a programme of environmental monitoring.

4. A project team has been put together with the appropriate skills to address both the technical and non-technical aspects of the project.

5. On March 20 a drilling program commenced at Cikoneng. The ongoing drilling programme for 2000 will seek to:

a) Expand the current inferred resource.

b) Convert part of that resource from "Inferred" to "Indicated" status.

c) Locate new vein systems or extensions through scout drilling.

The first three holes have now been completed within the main Cikoneng Shoot. They were drilled to confirm vein geometry and grade and also to close up spacing between previous drill intercepts to increase confidence in the geological interpretation.

This they have done.

All three holes intersected the vein in the expected positions.

Assay results for the first three holes have been received and were announced to the stock exchange two days ago.

They are:

AC-1 : 10.50 metres at 25.88 g/t Au and 193 g/t Ag
AC-2 : 8.00 metres at 13.68 g/t Au and 153 g/t Ag
AC-3 : 9.30 metres at 8.11 g/t Au ; Ag pending

The results are very encouraging. However, on a cautionary note, it should be remembered that epithermal systems such as Cibaliung are characterised by the erratic and irregular distribution of gold within the veins.

The fourth hole is now underway. It is the first hole aimed at identifying an extension of the existing inferred resource at Cikoneng.

There are many hurdles to clear in moving from gre

ANNOUNCEMENTS

2000 Announcements

Appendix 3B

Part 1 - All issues

Part 2 - Bonus issue or pro rata issue

Part 3 - Quotation of securities

Entities that have ticked box 34(a)

Fees

Quotation agreement

Drill Results