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Randgold Resources (RRS)

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Friday 05 August, 2005

Randgold Resources

Expanding the footprint

Randgold Resources Ld
05 August 2005


Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
Nasdaq Trading Symbol: GOLD


London, 5 August 2005  -  In 2002, Randgold Resources completed a prefeasibility
study on the Tongon Project in the Cote d'Ivoire which indicated that it had the
potential to meet the company's criteria for investment; the unrest in the
country has since prevented any other field work being carried out.

The prospect of peace has led the company to review the economics of the
project.  'While the gold price has increased US$100/oz since the prefeasibility
study, substantial increases in diesel, steel and transport have negatively
affected project economics world-wide,' says general manager, exploration and
evaluation, Adrian Reynolds.  'We reviewed the previous work carried out at
Tongon going back to the basics of orebody modelling through to final product,
applying a fair deal of conservatism.  Nevertheless our total resource is
slightly larger at a higher grade and a preliminary economic assessment shows
that the project exceeds our company hurdle rates as well as the other
parameters of our strategic filter.'

Babacar Diouf, valuation assistant, says:  'We have designed a 27 000 metre
drilling programme costing approximately US$3 million which will bring both the
southern and northern zones to 50m x 50m drillhole spacing within 12 months of
commencement.  At the same time, we will complete the other aspects of the
feasibility study, with the intention of completing the final feasibility within
two years of the situation in the country stabilising, after the general
elections which are planned for October this year.'

Elsewhere in Cote d'Ivoire, the company has maintained three additional permits
in good standing and is reviewing data from several other prospects.  Cote
d'Ivoire remains a significantly underexplored Birimian terrain and all
available information is being incorporated into the company's generative
Geographic Information System.


London, 5 August 2005  -  Randgold Resources continues to deliver on its promise
to expand its country exposure and project portfolio throughout the major gold
belts of west and east Africa.  The company's African footprint has increased to
encompass some 11 500km(2) and a portfolio of 141 targets in six countries.  New
models and ideas, both in Ghana and Burkina Faso, have led to additional permit
applications being submitted, covering 8 500km(2) of prospective greenstone

Eight rigs have been drilling on four projects in two countries to hunt for new
ounces and the deepest hole ever drilled by Randgold was completed to a down
hole depth of 1 111 metres at Yalea on the Loulo project.  Deep drilling at both
Yalea and Loulo 0 have returned a positive underground development study which
will add long-term value to the project.  Additionally, exploration continues to
discover further Yalea lookalike styles of mineralisation within the permit.
Exploration has started on a new project, Sitakili, 21 kilometres east of Loulo
which is a Tabakoto lookalike with mineralised porphyry dykes intruding folded

In Senegal, the company has built a well-balanced resource triangle with a
portfolio of quality targets in the space of two years.  To date six of 35
targets have been drilled, three of which have dropped off, one is parked and
two require further drilling.  Work continues to advance more targets to the
drill phase.  A new model and strategy at Morila are driving the development of
a more aggressive exploration drilling programme to hunt for further hidden

While on a recent trip to Tanzania to review the company's permit portfolio
which overlies Achaean-age rocks, some of the oldest rocks in the world,
exploration manager Paul Harbidge and the Tanzanian team took the opportunity to
trek up the  2 878 metre Ol Donyo Lengai carbonatite volcano, so active that it
cannot be measured in geological time.  While the aim of climbing a mountain and
conducting exploration are completely different there are similarities in the
successful execution of both:  A strategy, leadership, teamwork, a plan and
relevant and correctly applied technology.  The base of a mountain can be viewed
as the base of a resource triangle where risk is lower.  As one progresses up
the triangle and mountain it becomes more difficult and the risk increases.


Chief Executive - Dr Mark Bristow +44 779 775 2288
Financial Director - Roger Williams +44 791 709 8939
Investor & Media Relations - Kathy du Plessis +27 11 728 4701,
Cell: +27 (0) 83 266 5847, Email: [email protected]

DISCLAIMER: Statements made in this document with respect to Randgold Resources'
current plans, estimates, strategies and beliefs and other statements that are
not historical facts are forward-looking statements about the future performance
of Randgold Resources.  These statements are based on management's assumptions
and beliefs in light of the information currently available to it.  Randgold
Resources cautions you that a number of important risks and uncertainties could
cause actual results to differ materially from those discussed in the
forward-looking statements, and therefore you should not place undue reliance on
them.  The potential risks and uncertainties include, among others, risks
associated with: fluctuations in the market price of gold, gold production at
Morila, the development of Loulo and estimates of resources, reserves and mine
life.  For a discussion on such risk factors refer to the annual report on Form
20-F for the year ended 31 December 2004 which was filed with the United States
securities and exchange commission (The 'SEC') on 29 June 2005.  Randgold
Resources sees no obligation to update information in this release.  Cautionary
note to US investors; the SEC permits companies, in their filings with the SEC,
to disclose only proven and probable ore reserves.  We use certain terms in this
release, such as 'resources', that the SEC does not recognise and strictly
prohibits us from including in our filings with the SEC.  Investors are
cautioned not to assume that all or any parts of our resources will ever be
converted into reserves which qualify as 'proven and probable reserves' for the
purposes of the SEC's industry guide number 7.

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                                                                                                                                                                   

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