Announcements - 2003

15 December	Drilling commencement - Hawks Nest joint venture - Gawler Craton SA
26 November	Musgrave joint venture – report from Independence Gold NL
20 November	Outcome of annual general meeting
06 November	Appendix 3Y notice
05 November	Appendix 3Y notice
03 November	Appendix 3Y notice
30 October	September Quarterly Report
21 October	Musgrave joint venture – report from Independence Gold NL
20 October	2003 annual report and notice of annual general meeting
20 October	2003 ANNUAL REPORT
15 October	Drilling Program - EL 6094 Windeyer NSW
25 September	PROGRESS REPORT ON MUSGRAVE JOINT VENTURE
24 September	2003 FINANCIAL REPORT (PDF File - 484K)
10 September	ISSUE OF UNQUOTED OPTIONS
11 August	CHANGE OF DIRECTOR`S INTEREST NOTICE
31 July	JUNE QUARTERLY REPORT
24 July	CHANGE OF DIRECTOR`S INTEREST NOTICE
18 July	MUSGRAVE BLOCK ACTIVITY
18 July	CHANGE OF DIRECTOR`S INTEREST NOTICE
14 July	CHANGE OF DIRECTOR`S INTEREST NOTICE
30 June	CHANGE OF DIRECTOR`S INTEREST NOTICE
24 June	CHANGE OF DIRECTOR`S INTEREST NOTICE
24 June	CHANGE OF DIRECTOR`S INTEREST NOTICE
30 May	CHANGE IN INTEREST OF SUBSTANTIAL SHAREHOLDER
29 May	CHANGE OF DIRECTOR`S INTEREST NOTICE X2
29 May	NON-RENOUNCEABLE RIGHTS ISSUE - COMPLETION OF ALLOTMENT
23 May	NON-RENOUNCEABLE ISSUE - ALLOTMENT OF SHARES & OPTIONS
13 May	NON-RENOUNCEABLE RIGHTS ISSUE-ACCEPTANCES RECEIVED
30 April	MARCH 2002 QUARTERLY REPORT
24 March	NON-RENOUNCEABLE RIGHTS ISSUE
14 March	HALF YEAR REPORT TO 31 DECEMBER 2002 (PDF File - 576k)
14 February	JV WITH RHEOLA GOLD MINING COMPANY PTY LTD
11 February	PROPOSED RIGHTS ENTITLEMENT ISSUE
31 January	DECEMBER 2002 QUARTERLY REPORT
13 January	CHANGE OF DIRECTOR`S INTEREST NOTICE
PREVIOUS ANNOUNCEMENTS

15 December, 2003

The directors of Goldsearch Limited are pleased to announce that Red Metal Limited, the Company’s joint venture partner, has commenced drilling at Hawks Nest, EL2899 in the Gawler Craton South Australia located approximately 160 kilometres north-west of the Prominent Hill ironoxide copper-gold (IOCG) discovery. Full details of the prospect are set out in the Company’s 2003 annual report which can be accessed on the Company’s website (www.goldsearch.com.au). A diagram of the targeted area is on the inside back cover of the annual report.

Red Metal took over as operators of the joint venture under the terms of their Strategic Alliance with Phelps Dodge Australasia Inc. on 21 October 2003. From inception of the joint venture on 3 June 2002 to the end October 2003 in excess of $135,000 has been spent on exploring this tenement.

Work has included:-

• re-processing and evaluation of historic data and re-logging of old core holes;
• obtaining access clearances from native title claimants and the EPA;
• collection of detailed gravity (1071 stations);
• completion of 46.7 line kilometres of ground-based TEM; and
• modelling of all geophysical data sets.

This work defined 2 geophysical targets for drilling.

Target 1 is a coincident gravity/magnetic/conductivity anomaly.
Target 2 is a coincident gravity/conductivity anomaly located within the closure of a regional fold structure.

The target model is a high-grade iron-oxide copper-gold (IOCG) style deposit or a Broken Hill style lead-zinc-silver deposit.

A drill rig has been mobilised and a two hole diamond diamond drilling program, each to a depth of about 500metres, commenced on 8 December 2003. At this stage it is unlikely both holes will be completed by Christmas and therefore the program will be carried into 2004.

For and on behalf of the directors of
Goldsearch Limited


P S Hewson
Secretary


Inquiries to John Percival, Director-Operations of Goldsearch Limited at the above contact numbers.

26 November, 2003

Enclosed for release to the market is a copy of an update report from Independence Gold NL on exploration of EL 2910 DeRose Hill in the Musgrave Block region of South Australia.

Independence Gold NL is our joint venture partner and manager of the Musgrave project.

For and on behalf of the directors of
Goldsearch Limited


P S Hewson
Secretary

20 November, 2003

In accordance with Listing Rule 3.13.2 we advise the following in relation to the Annual General Meeting of shareholders held earlier today.

The resolution to re-elect Mr J M E Percival as a director was approved unanimously on a show of hands.

Proxies for the meeting were lodged by shareholders holding a total of 75,589,058 shares being 41.4% of the total voting rights in the Company.

Of the proxies lodged in relation to the resolution to re-elect Mr J M E Percival as a director 75,514,433 contained voting instructions in favour of the resolution; Nil contained voting instructions against the resolution; and 74,625 were open proxies to the chairman.

For and on behalf of the directors of
Goldsearch Limited


P S Hewson
Secretary

07 November, 2003

Enclosed is an appendix 3Y notice advising of a change in the relevant interest in securities of the Company held by director Mr J M E Percival arising from on-market purchases of shares in Goldsearch Limited by an associate.

For and on behalf of the directors of
Goldsearch Limited


P S Hewson
Secretary

Enclosed is an appendix 3Y notice advising of a change in the relevant interest in securities of the Company held by director Mr J M E Percival arising from on-market purchases of shares in Goldsearch Limited by an associate.

For and on behalf of the directors of
Goldsearch Limited


P S Hewson
Secretary

Independence Gold NL is pleased to provide this update with respect to results, ground access and proposed exploration activities for the Musgrave Joint Venture. Independence is manager of the Joint Venture and is earning 51% of Goldsearch Limited’s interest in the tenements.

South Australia (Nickel Sulphide Targets)

A program of follow-up geochemical sampling has firmed up four areas of coherent nickel +/- cobalt, copper anomalism on De Rose Hill, EL2910 in South Australia (Figure 1). Three of these areas are associated with aeromagnetic features suggesting possible prospective mafic to ultramafic rocks beneath aeolian and alluvial sand cover.

Samples have been collected on a 1km by 0.5km grid, peak nickel values are up to 150ppm in ironstone samples and 95ppm in minus 75 micron soil samples. Anomalies have been defined by a 90ppm nickel threshold in ironstone samples and are up to 5km in strike length; in many cases anomalies remain open along strike. Normalisation of results from ironstone concentrate samples highlights anomalous areas consistent with the raw assay values.

In the south of EL2910 the anomalous zone of nickel (and copper) geochemistry occurs approximately 20km along strike from the Wanka Wanka mafic - ultramafic dyke complex held by the Joint Venture under ELA343/96 (Figure 2). At Wanka Wanka limited previous drilling in the early 1970’s by Kennecott intercepted disseminated nickel, copper sulphides in one of three shallow holes drilled into the complex. The nickel, copper sulphide mineralization consisted of up to 5% pyrrhotite-chalcopyrite-pentlandite-pyrite intercepted in troctolite over a downhole width of approximately six metres adjacent to the southern margin of the dyke (Figure 3). The Wanka Wanka dyke is a differentiated mafic to ultramafic dyke complex with mapped dimensions of approximately 15km in length by 150 metres in width. Previous work suggests the dyke consists of multiple fractionated zones representing individual magma pulses and is therefore interpreted as a potential major magma conduit or feeder zone. Recognised rock types range in composition from olivine and pyroxene gabbros, troctolite, peridotite and norite. Aeromagnetics suggests continuations to the system along strike to the north east towards EL2910. The Wanka Wanka Dyke and its possible extensions are considered excellent targets for Jinchuan-style magmatic nickel copper deposits. The world class Jinchuan deposit hosts more than 500 million tonnes of ore grading 1.2% nickel and 0.7% copper.

Further geochemical sampling and a program of ground electromagnetic geophysics over two target areas is scheduled for EL2910 during the December 2003 Quarter.


Northern Territory (Gold-Copper and Strata-bound Base Metal Targets)

First pass, wide-spaced regional geochemical sampling has been completed over targeted areas of granted EL5702, EL9407 and EL9443. Samples collected on a 4km by 0.5km grid have identified three areas for follow-up work based on ironstone samples assaying up to 0.36ppm silver, 77ppm copper and 79ppm cobalt associated with NeoProterozoic carbonate-rich sediments under extensive sand dune cover.

Following the recent signing of a Deed of Exploration with the Traditional Owners and Central Land Council, granting and final approval of exploration programs is expected for applications EL5701 and EL5703 in the next few weeks. EL5701 and EL5703 cover several high priority exploration targets associated with interpreted high-level felsic intrusions into a rift sequence of bimodal volcanic rocks and sediments. Limited work in the region associated with previous government investigations has returned rock chip assays up to 0.1 g/t gold, 5000g/t silver and 11% copper.

Further geochemical sampling and geological reconnaissance of EL5701 and EL5703 is scheduled for the December 2003 Quarter.


CHRISTOPHER BONWICK
Managing Director

10 September, 2003

182,459,348 ordinary fully paid shares.
36,491,869 quoted options exercisable at 8 cents each and expiring on 30 September 2005.
13,500,000 unquoted options exercisable at 15 cents each and expiring on 15 July 2004.

For and on behalf of the directors of
Goldsearch Limited


P S Hewson
Secretary

Musgrave Block project
Independence Gold NL earning 51% in Goldsearch Limited's equity interest

In the South Australian DeRose Hill sector (EL2910) of the Musgrave Block, heritage clearance for a first pass geochemical sampling visit was completed in late March. Sampling will commence in April 2003 to follow up extensive nickel and cobalt geochemical anomalism defined by previous explorers in the early 1970's.

In the Northern Territory region of the Musgrave Block an orientation geochemical sampling program and study completed during the December quarter enabled Independence Gold NL to formulate an effective and logistically simple sampling strategy for the region. Results from this study confirm the viability of wide spaced reconnaissance sampling techniques which will allow rapid assessment of areas where prospective targets are typically covered by significant amounts of wind blown, aeolian desert sands.

The Company is expecting exploration licences to be granted shortly for ELAs 5701 and 5703. These areas are regarded as being highly prospective for silver, copper and gold.


Hawks Nest project

Phelps Dodge Australasia Inc (PDA), our Joint Venture partner, has continued work on exploring the base metal potential of the Hawks Nest tenement (EL 2899) which covers an area of 324 square kilometres in the Gawler Craton region of South Australia. A drilling program is expected to start during June/July 2003 as soon as the final TEM ground survey has been completed and analysed.


Rheola project

During the quarter Goldsearch entered into a joint venture agreement with Rheola Gold Mining Company Pty Ltd to undertake a drilling program to explore the gold potential of the Matrix Reef located 43 kilometres west of Bendigo in Victoria. A nine hole 786 metre percussion (RAB) drill program was completed on 8 March. The mining lease includes the continuation of the Matrix Reef system that was one of Victoria's richest gold mines producing in excess of 23,000 ounces of gold from only 50 metres of reef.


Corporate

On 11 February 2003 the Company announced a proposed rights entitlement issue to all shareholders.

The Prospectus for the 1 for 4 non-renounceable rights issue of 36,491,869 new shares together with 36,491,869 attached options at an issue price of 4 cents per share and option was completed and mailed to shareholders on 24 March 2003.

Joint venture with Rheola Gold Mining Company Pty Ltd to explore the gold potential of the Matrix Reef west of Bendigo, Victoria

Goldsearch Limited has entered into a joint venture agreement with Rheola Gold Mining Company Pty Ltd (Rheola Gold) to earn an interest in its mining tenements, which are located at MacIntyre close to Rheola approximately 45 kilometres west of Bendigo in Victoria.

The tenements (MLs 5093 and 5309) cover an area of approximately 104 hectares and are a continuation of the Old Matrix mine.

Terms of the Joint Venture Agreement are as follows:-

• Goldsearch to fund an initial $50,000 drilling program to substantiate previous results and confirm the location of the reef structures.
• There is thereafter the provision for four additional options for equal payments of $150,000 each to progress the project and earn Goldsearch Limited equity in the tenements to a level of 49%.
• The joint venture expenditure program to $650,000 is to be completed within 21 months.
• Goldsearch then has the option to take its interest to 100% of Rheola Gold's interest (which will be no less than 90% in respect to one tenement and no less than 95% in respect to the other) in the tenements by the issue of 8 million fully paid shares and 4 million options subject to shareholders approval, ASX listing rules and, in relation to the options, whether there are listed options available at the time.
• Drilling at the joint venture prospect at Rheola will commence as soon as a suitable drilling rig can be mobilised. This is expected within the next 3 weeks.

Gold was originally mined in this area from near surface, after following mineralised outcrop, in what could be described as in "bonanza" proportions. In excess of 20,000 ounces of gold was mined from the area, worth more than $12 million at current prices, from only 50 metres of reef section.

Present day technology indicates that the early miners may have terminated their operations prematurely and that the reef quartz target continues to the north. This apparent opportunity was not investigated until Rheola Gold acquired the contiguous New Matrix tenement (ML5093) as well as the Northern tenement (ML5309). Both tenements cover a distance of nearly 2 kilometres to the north of the Old Matrix mine.

Rheola Gold commenced exploration on the New Matrix tenement, which apart from its proximity to the Old Matrix mine has several other interesting characteristics. Historical records show that 8 large nuggets ranging in weight from 75 to 860 ounces were taken from the 4 gullies that surround and drain the tenement and a considerable quantity of alluvial gold was also mined further along the gullies. The gold found in the Old Matrix mine occurred where there was a convergence of 3 specific geological factors along an indicator (or longitudinal fault). Field exploration work has revealed that the indicator not only runs northwards through the New Matrix tenement but also continues to the north for a distance of up to 2 kilometres.

A shaft sunk along the line of the indicator on the New Matrix tenement encountered 1 metre of rich gold at a depth of 15 metres with a grade of about 30 ounces per tonne. This is similar to the grade in the Old Matrix mine and provides a sense of confidence that the mineralisation continues at different levels.

The geometry of the Old Matrix reef suggests that the reef continued into the New Matrix tenement at a depth of roughly 55 metres. The drilling of 2 diamond drill holes by Rheola Gold located a northward dipping structure that is likely to be the continuation of the Old Matrix reef.

Importantly, these drill holes also intersected another quite large structure, possibly extending both north and south at a depth of 85 metres.

It is also interesting to note that at the time early mining was terminated Mr Dunn, the Victorian Government Geologist in 1890, urged miners to continue to explore what he considered to be a north dipping continuation of the reef.

The directors of Goldsearch look forward to a successful exploration relationship with Rheola Gold.


For further information contact:
Mr John Percival
Director Operations
Goldsearch Limited
Tel: (02) 9241 5999
Fax: (02) 9241 5599

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, 30/9/2001, 11/3/2002.

Name of entity

Goldsearch Limited

ABN

73 006 645 754

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	Ordinary shares with attached options.
2	Number of + securities issued or to be issued (if known) or maximum number which may be issued	36,491,869 shares. 36,491,869 options.
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)	Ordinary shares. Options exercisable at 8 cents each and expiring 30 September 2005.
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	Shares - yes. Options - no - new class.
5	Issue price or consideration	Issue price of 4 cents per share and option package.
6	Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)	To provide additional working capital for: exploration of the Company's existing mineral tenements; funding of joint venture expenditure commitments; and funding of on-going administration costs.

7	Dates of entering + securities into uncertificated holdings or despatch of certificates	Timetable not yet finalised. Expected to be around 16 May 2003.
		Number	+ Class
8	Number and + class of all + securities quoted on ASX (including the securities in clause 2 if applicable)	182,459,349 36,491,869	Ordinary fully paid shares. Options exercisable at 8 cents each and expiring 30 September 2005.

		Number	+ Class
9	Number and + class of all + securities not quoted on ASX (including the securities in clause 2 if applicable)	12,000,000	Unquoted executive options exercisable at 15 cents each and expiring 15 July 2004.
10	Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)	No dividend policy has been established.

Part 2 - Bonus issue or pro rata issue

11	Is security holder approval required?	No.
12	Is the issue renounceable or non-renounceable?	Non-renounceable.
13	Ratio in which the + securities will be offered	One for four.
14	+ Class of + securities to which the offer relates	Ordinary shares.
15	+ Record date to determine entitlements	To be advised - expected to be around 26 March 2003.
16	Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?	No.
17	Policy for deciding entitlements in relation to fractions	Fractions to be ignored.
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.	Canada, Germany, United Kingdom, Hong Kong, Japan, Malaysia, Singapore, Seychelles.
19	Closing date for receipt of acceptances or renunciations	To be advised - expected to be around 30 April 2003.
20	Names of any underwriters	To be advised.
21	Amount of any underwriting fee or commission	5% or $0.02 cents per share and option package.
22	Names of any brokers to the issue	To be advised.
23	Fee or commission payable to the broker to the issue	To be advised.
24	Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of + security holders	To be advised.
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 or Product Disclosure Statement will be sent to persons entitled	To be advised - expected to be around 31 March 2003.
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	Not applicable. All issued options are unquoted and are held by directors or consultants or by their associates who are aware of the issue and the terms of their options.
28	Date rights trading will begin (if applicable)	Not applicable as issue is non-renounceable.
29	Date rights trading will end (if applicable)	Not applicable as issue is non-renounceable.
30	How do + security holders sell their entitlements in full through a broker?	Not applicable as issue is non-renounceable.
31	How do + security holders sell part of their entitlements through a broker and accept for the balance?	Not applicable as issue is non-renounceable.
32	How do + security holders dispose of their entitlements (except by sale through a broker)?	Not applicable as issue is non-renounceable.
33	+ Despatch date	To be advised - expected to be around 16 May 2003.

Part 3 - Quotation of securities - (to be completed later)
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		If the + securities are + equity securities, the names of the 20 largest holders of the additional + securities, and the number and percentage of additional + securities held by those holders