Panel Publishes Reasons In AurionGold Application

The Panel advises that it has today published its reasons for its decision in response to an application by AurionGold Limited on Monday 5 August 2002. On Tuesday 6 August, the Panel declined to commence proceedings, having accepted an undertaking offered by Placer Dome Asia Pacific Limited (Placer Dome) in relation to the broker inducement fee which Placer Dome announced on 29 July 2002 (Australian time) under its takeover offers for AurionGold Limited.