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ASX Announcements 2003

Universal announce a new resource estimate for the Longamundi and Great Southern copper deposits. 17/12/03
Preliminary shallow testing of Tin Lizzie and Lady Clayre copper-gold targets within the Exploration Joint Venture Area at Roseby (Universal 50% increasing to 70%) has provided encouraging results requiring follow-up drilling to test the economic potential of the targets. 04/12/03
A program of 18 shallow open-hole percussion drill holes to test the Zone F mineralisation at Lady Clayre achieved excellent results. 21/11/03
Universal announce highly encouraging results from the Mt Rose Bee fault. 31/10/03
September Qtly 30/09/03
A recently completed RC drilling program undertaken by Bolnisi Gold NL as part of the Roseby Feasibility Joint Venture at the Longamundi and Great Southern deposits - important satellite deposits for a mining operation based on the nearby, large native copper/oxide Blackard deposit - has successfully improved the definition and extended the limits of the known mineralisation. 02/10/03
Universal has entered into a Subscription and Offtake Option Agreement with Golden Sands International Pty Ltd (GSI), an Australian company associated with Jinsha China. The deal requires GSI to subscribe for between $1,000,000 and $2,000,000 (the amount to be advised to Universal by close of business on 6 October 2003) for fully paid shares in Universal at a premium to market. In addition, GSI, as agent for Yunnan Copper Industry (Group) Co. Ltd (a share holder of Jinsha China), will have the Option to acquire Universal's share of any copper or copper concentrates produced from the Roseby Project. 26/09/03
Media Release 05/09/03
Results from a programme of systematic rock-chip sampling along the Mt Rose Bee Fault Zone and aimed at confirming copper bearing zones, defining areas of high gold values within known copper mineralization, checking gold geochemical anomalies, and assisting in prioritising targets for future drilling, have now been received and reviewed. All prospects sampled are rated highly for future delineation of near surface copper gold resources with limited, or no, drilling conducted in the past. 31/07/03
Media Release 23/07/03
June Qtly Significant increase in total high-grade resources at Lady Clayre and Little Eva deposits which now stand at 11.6Mt at 1.07%Cu and 0.25g/t Au, and 8Mt at 1.01%Cu and 0.12g/t Au respectively 30/06/03
Following highly encouraging copper-gold drill results from Universal's Little Eva and Lady Clayre deposits, the company will now shift its exploration emphasis at the Roseby Exploration Joint Venture towards developing sufficient resources in the short term to support a mining and processing operation producing 15,000-25,000tpa copper and 25,000-35,000oz/a gold with gross revenue of around A$60-70M per annum. 30/06/03
Recent drilling completed at the Lady Clayre prospect within the Roseby Exploration Area clearly indicates that the Zone A mineralisation continues to a verical depth of 400m. To date 17 of the total 23 holes drilled to test Zone A have been successful and have encountered an average combined length of mineralisation per hole of 34m at an average grade of 1.38% Cu and 0.72 gpt Au 11/06/03
Media Release 11/06/03
Recent deep drilling of the Little Eva copper-gold mineralisation in the Roseby Exploration Area in northwestern Queensland has established the potential to significantly increase the size of this deposit both down dip and along strike. The recent recent drilling program had successfully tested the mineralised porphyry to a depth of approximately 350m, 100-200m below the currently defined resources of 8Mt grading 1.01% copper within a global resource of 35Mt at 0.46% copper 05/06/03
Media Release 05/06/03
March Qtly Drilling at the Little Eva, Horseshoe Flat and Lady Clayre prospects commenced in April 2003. At the Burra project in NSW, a seven hole RC drilling program intersected sulphide derived high grade zinc oxide mineralization at the London Bridge prospect. 31/03/03
Roseby Project: commencement of drilling 16/04/03
Roseby Copper-Gold Exploration Update 20/03/03
Dec Qtly At the Roseby Project in Queensland, a new Inferred Resource estimate for the Little Eva deposit has been completed, and which more than doubles the contained copper from 72,000t to 161,000t. Also, drilling at the Lady Clayre prospect produced a number of high grade copper-gold intersections 30/01/03
Appendix 5b 30/01/03