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PRODIGY GOLD NL Capital/Financing Update 2004

Jun 16, 2004

Capital/Financing Update

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17 June 2004

The Announcements Office Australian Stock Exchange Limited Level 3, 20 Bridge Street SYDNEY NSW 2000

By Electronic Transmission

Dear Sir

Tantalum Australia NL advise that it dispatched the rights issue documentation to shareholders yesterday, 16 June 2004.

The rights issue was announced on 4 June 2004.

Yours faithfully

Peter Farrah Company Secretary