Celsius Resources Limited — AGM Information 2003

Nov 25, 2003

26 November 2003

Manager of Company Announcements Australian Stock Exchange Limited Level 6, 20 Bridge Street SYDNEY NSW 2000

By E-Lodgement

No. of pages: 25

VIEW RESOURCES LIMITED – PRESENTATION TO ANNUAL GENERAL MEETING AND RESULTS

In accordance with Listing Rule 3.13.2, it is confirmed that the following resolution put to the Annual General Meeting of View Resources Limited held on Wednesday 26 November 2003 was passed on a show of hands:

Resolution 1 - Re-election of Mr Daniel Tucker.

In addition, information required to be disclosed by the Company in accordance with section 251AA of the Corporations Act as well as a presentation given by Mr Geoff Chapman, General Manager - Geology and Mr Derek Lenartowicz, Managing Director to shareholders is attached.

Yours sincerely

Peter Landau Director

Note: In accordance with Listing Rule 5.10 of the Australian Stock Exchange Limited, the geological information in this announcement has been compiled by View Resources Limited Managing Director, Derek Lenartowicz and the Company's Chief Geologist, Geoff Chapman who is a member of the Australian Institute of Mining and Metallurgy.

VIEW RESOURCES LIMITED ANNUAL GENERAL MEETING - 26 NOVEMBER 2003

Disclosure of Proxy Votes

In accordance with section 251AA of the Corporations Act 2001, the following information is provided to Australian Stock Exchange Limited in relation to resolutions passed by members of View Resources Limited at its annual general meeting held on 26 November 2003.

Resolution Number	Resolution 1
Decided by a show of hands (S) or poll (P)	S
Total number of proxy votes exercisable by proxies validly appointed	8,815,812
Total number of proxy votes in respect of which the appointments specified that:
The proxy is to vote for the resolution	5,458,920
The proxy is to vote against the resolution	13,000
The proxy is to abstain on the resolution
The proxy may vote at the proxy's discretion	3,343,892
Total votes cast on a poll in favour of the resolution	N/A
Total votes cast on a poll against the resolution	N/A
Total votes cast on a poll abstaining on the resolution	N/A
Total votes exercisable by proxies which were not cast	N/A

Peter Landau Director

Carnilya Hill Status

Access road upgraded.

• Statutory approvals granted.
• Excavation of portal commenced November
• Planned completion early December.
• Upper level stopes initial mining focus.
• Initial ore from remnant pillars and strike extensions.
• Re-open mine progressively Q1 2004

Carnilya Hill Long Section Looking North

VIEW
RESOURCES

Resource Blocks

Carnilya Hill Oxide Ore

Representative drill testing of Carnilya oxide resource. (32kt at 2.74% Ni for 1,018 Ni t)

3 drill sections 100 metres apart

VIEW

• Drilling indicated greater ore thickness than anticipated.
• Samples undergoing metallurgical testing with Anaconda Nickel.
• Delineation and extension drilling Q1 2004.
• Resource re-evaluation and mine design.

Anticipate mining H1 2004

Carnilya Hill Exploration

Surface

• EM survey 1km area west of current resource commenced November.
• Data evaluation to be completed mid December.
• Prioritisation and drill testing of anomalies Q1
• EM survey eastern area Q1 2004.
• Underground
• Evaluate underground exposures and historical drilling
• Structure drill program to define incremental targets.
• Drilling progressively with mine re-access.

Carnilya Hill Surface EM Surveys VIEW
RESOURCES Surface EM Survey Area Q1 2004 COME COME COME COME COME COME COME COME KG Φ'n Antonio Artist Common $\mathbb{Z}_{\mathrm{Hilb}}$ FULL READER ANOMALY 10 WUM 240ME 29 PLACTIC All Little CARNILYA HILL Anticline Contract Documental Life ATTAITED SUUITIIno ANTIQUILLE Surface EM Survey Area November 2003

Zone 29 Status

Evaluation drilling and downhole geophysical surveys completed November 2003

• Identified new mineralised body
• Data applied to update orebody model
• Geotechnical evaluation of drillcore
• Extension targets identified.

VIEW

Mine design refinement December 2003 Portal commencement Q1 2003 Statutory approvals granted

Zone 29 Long Section

BIBRA DRAFTING SERVICE (06) 9496 3393

Zone 29 Exploration

EM survey east and west of current resource commenced November.

• Define extent of conductors.
• Drill test current DHEM anomaly and surface EM anomalies Q1 2004.

Dunlop Project

• Resource modelling using historic drilling
• Validate WMC estimate (300kt $@$ 1.96%Ni)
• Identify higher grade zones and trends

• To be complete November 2003

• Identify and drill test resource extension targets.

• Initial feasibility mine design complete in Q1 2004
• Evaluate broader extensional opportunities.

Coogee Gold Status

Geological data review and interpretation August 2003 Ore body remodelled September 2003.

Preliminary open pit mine optimisation completed.

• Two open pits defined.

VIEW

Extension trends identified.

Phase 1 drill program December 2003

• Test between two pits
• Test extension opportunities
• Geotechnical data collection

Coogee Gold Pit Optimisation - Economic Shells

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RESOURCES

COOGEE GOLD DEPOSIT CROSS SECTION 25200mN

Coogee Area Exploration

Scout RAB drilling existing geophysical anomalies.

• Gold parallel to existing resource

Surface geophysics survey.

• Detailed follow-up survey on current anomaly.
• Broad survey over untested areas.
• Targeted RC drilling over anomalies.

Project Area

Progressing to schedule.

• Statutory approvals.

• Mine development.

• Resource evaluation of immediate projects.
• Program in place to grow resource base near mines and advanced project.
• Exploration plan for testing greenfields opportunities on current lease holding.

VIEW

View Resources Ltd

Future Direction

Current Position

Our goals for 2003

• Acquire good assets
• Add value to our assets
• Improve our cash position
• Start producing cash
• Ensure sustainability of resource
• We have achieved all our objectives for this year

We will grow the company

• Solid business fundamentals
• Strong operations

• Grow the existing assets

  • Carnilya Hill and Zone29
  • Dunlop

• Coogee

• Nickel anomalies
• Corporate growth

We will grow the company

Growth strategy

VIEW
RESOURCES

• Mineral diversity
• Project acquisition
• No green field projects
• Proximity to cash flow
• Entry price
• View to add value
• Potential for long life and sustainable production
• Strategic alliances

Summary

• Two cash producing mines
• Cash in the bank
• Debt free
• Experienced people
• Clear growth strategy
• Current assets
• Corporate growth