PRODIGY GOLD NL — Capital/Financing Update 2003

Oct 7, 2003

8 October 2003

The Companies Announcement Office Australian Stock Exchange Limited Level 4, 20 Bridge Street Sydney NSW 2000

By ASX Online

Dear Sir

TANTALUM METAL DELIVERIES FOR A\$56M CONTRACT TO COMMENCE IN OCTOBER 2003

Tantalum Australia NL is pleased to announce it has received confirmation of the commencement of monthly deliveries under the metal supply contract announced 18 June 2003. Monthly orders will commence on 15 October and continue over the next 12 months. The Company's refining partner has tantalum metal prepared for immediate shipment to the customer's US manufacturing facilities during October.

A meeting is scheduled at the customer's corporate head office in October to discuss the delivery schedule for the next 12 months in light of the customer's recent corporate acquisition of additional alloy manufacturing capacity.

The commencement of deliveries is a significant milestone in the company's strategic plan to become a significant supplier of tantalum raw and processed materials to a diversified customer base including the aerospace and electronics industry sectors.

Yours faithfully

Michael Fotios Managing Director