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Re: None

Tuesday, 07/31/2007 11:46:15 PM

Tuesday, July 31, 2007 11:46:15 PM

Post# of 265
Updates for LIN and ELM (ASX)

Elemental Minerals:

QUARTERLY ACTIVITY REPORT
FOR THE PERIOD ENDED 30 JUNE 2007

HIGHLIGHTS

Shinko West Project

• Entered into agreement to earn a 70% interest in Shinko West Project.
• Project located in the Katanga copper belt in the DRC, known for its numerous high grade
copper and cobalt deposits.
• Project prospective for copper, cobalt, uranium, nickel, PGMs and gold.
• Project area untested by modern exploration techniques.
• Initial soil sampling programme completed. NITON analysis of soil samples has delineated
coincident Cu / Ni anomaly measuring 1,400m by up to 500m.
• Aircore drill programme to commence in early 3rd quarter.

Kasai Gold Project
• Highly encouraging results from chip channel sampling at Musefu Gold project, with five
samples returning values ranging from 3.61g/t Au to 95.91g/t Au.
• Soil geochemistry defined a 2,000m by 400m to 800m wide Au anomaly.

http://www.asx.com.au/asx/statistics/showA...?idsID=00744639

Lindian Resources:

"EXPLORATION ACTIVITIES
Tshikapa Diamond Project (LIN earning 80%)
The Tshikapa Diamond Project is located in the Tshikapa diamond field, in the West
Kasai region of the DRC. The field is about 600 km east-southeast of Kinshasa, the
capital of DRC. The Tshikapa Diamond Project consists of four licence areas covering
about 800 sq km in the Tshikapa Diamond Field.
.............
The concentrate examined by Diatech demonstrated the presence of minerals which
potentially originated from a kimberlitic source. Five samples of the 68 taken
demonstrated elevated ilmenite and spinel counts with some of these grains classified as
B Type spinel or A Type ilmenites. Selected grains from these samples were dispatched
for microprobe analysis to determine whether their composition matched that of a
potentially economic kimberlitic source rock. It was determined that these samples did
not originate from such a kimberlite source.
The Company is presently reviewing the potential for further exploration activity in
respect of this project."

http://www.asx.com.au/asx/statistics/showA...?idsID=00744268

The Company is presently in advanced negotiations in respect of two projects;

- a coastal Iron project in West Africa and
- a Gold/Diamond project in the north east of the

Democratic Republic of Congo.
Negotiations in respect of both projects are expected to be finalized during the 3rd quarter
of 2007. Any agreements entered into will be subject to a detailed due diligence review.
CORPORATE ACTIVITIES

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