ANGLOGOLD LIMITED - NEWS RELEASE
ANGLOGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1944/017354/06)
ISIN Number:ZAE000043485
JSE Share Code: ANG
NYSE Ticker: AU
CORPORATE AFFAIRS DEPARTMENT
16th Floor, 11 Diagonal Street, Johannesburg 2001, South Africa
Tel: (+27 11) 637-6385 or Fax: (+27 11) 637-6399/6400
AM/CAD/AGO391.04
20 January 2004
AngloGold receives payment from Tanami Gold in Western Tanami Project sale
AngloGold Australia Ltd is pleased to announce that it has received payment from
Tanami Gold NL as consideration for Tanami Gold"s purchase of the Western Tanami
Project.
Tanami Gold has made a cash payment of A$3.75 million and issued 25 million
fully paid ordinary shares to AngloGold Australia to complete the transaction.
This follows an initial payment of A$250,000 when the companies signed a Heads
of Agreement on November 24, 2003. AngloGold Australia is now Tanami Gold"s
largest shareholder with 10.25% of the company"s ordinary shares.
Under the terms of the agreement, Tanami Gold will make a further payment of A$5
million within 120 days of Friday, January 16, 2004. The company has also agreed
to the payment of a royalty to AngloGold Australia.
The Western Tanami Project, located in the Tanami Desert in Western Australia,
includes the Coyote deposit where Tanami Gold is currently undertaking a
detailed review of all technical data and an inspection of drill core with a
view to starting a drilling program in the March 2004 quarter.
Queries:
www.anglogold.com
South Africa Tel: Mobile: E-mail:
Steve Lenahan +27 11 637 6248 +27 83 308 2200 slenahan@anglogold.com
Europe & Asia
Tomasz Nadrowski +1 917 912 4641 tnadrowski@anglogold.com
Australia
Andrea Maxey +61 8 9425 4604 +61 438 001 393 amaxey@anglogold.com.au
Date: 20/01/2004 11:43:03 AM Supplied by www.sharenet.co.za
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