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Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


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Golden Prospect PLC (AMBR)

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Friday 28 September, 2001

Golden Prospect PLC

Interim Results

Golden Prospect PLC
28 September 2001

                             GOLDEN PROSPECT PLC

                          REGISTERED NUMBER: 3172986

                                INTERIM REPORT


                      THE SIX MONTHS ENDED 30 JUNE 2001

                             GOLDEN PROSPECT PLC

                              INTERIM STATEMENT


The company reports a trading profit for the 6 month period to 30 June 2001
amounting to £67,212 (Year ended 31 December 2000: Loss of £1,439,023) and the
profit per share as 0.08p  (Year ended 31 December 2001 loss of 2.10p).  The
Board does not propose an interim dividend.

The company's net assets at 30 June 2001 amounted to circa £14.3m of which 
£3.2m was in cash and £8.5m in quoted securities.   The company has recently
appointed Richard Lockwood to the Board and his long standing mining and
investment experience has strengthened the management to take full advantage
of the opportunities that are available in current market conditions.

M A Burne

28 September 2001

                             GOLDEN PROSPECT PLC

                        Six  Months ended 30 June 2001

                                 Six          Twelve
                              Months          Months
                                  To              To
                             30/6/01        31/12/00

                                £                  £

Sales                   1,549,891          4,042,119
Cost of sales           1,499,036          3,952,178
                       ----------         ----------
Gross profit               50,855             89,941

Other operating 
income - dividends 
received                   45,400             50,626

Administrative expenses   (81,366)          (176,007)

Exceptional item - 
provision for impairment
of exploration assets           -         (1,349,457)
                       ----------         ----------

Operating profit 
(loss) - continuing 
operations                 14,889         (1,384,897)

Loss on disposal of 
fixed asset investments         -            (32,208)
Interest receivable        52,323             78,082
Provision against fixed 
asset investments               -           (100,000)
                       ----------         ----------

Profit (loss) on 
ordinary activities
 before taxation            67,212        (1,439,023)

Tax on loss on 
ordinary activities              -                 -
                       ----------         ----------
Profit (loss) for 
the financial period       67,212         (1,439,023)

                           ======             ======

Profit (loss) per 
ordinary share - basic      0.08p             (2.10p)

                             GOLDEN PROSPECT PLC


                                      30/6/01                  31/12/00

                                  £             £           £            £

Intangible assets                      2,601,736                2,488,421
Investments                            2,560,755                2,478,822

                                      ----------               ----------
                                       5,162,491                4,967,243

Investments               5,925,894                 6,098,245
Debtors                      63,897                    29,596
Cash at bank and 
in hand                   3,212,559                 3,201,323

                         ----------                ----------

                          9,202,350                 9,329,164

falling due within 
one year                    (34,793)                  (33,572)
                         ----------                ----------

NET CURRENT ASSETS                     9,167,557                9,295,592
                                      ----------               ----------

CURRENT LIABILITIES                   14,330,048               14,262,835
                                      ==========               ==========

Called up share capital                8,698,496                8,698,496
Share premium account                  7,995,458                7,995,458
Profit and loss account               (2,363,906)              (2,431,119)
                                      ----------               ----------

EQUITY SHAREHOLDERS' FUNDS            14,330,048               14,262,835
                                      ==========               ==========

                              GOLDEN PROSPECT  PLC

                        Six months ended 30 June 2001

                                     Six months              12 Months
                                         to                      to
                                      30/6/01                  31/12/00

                                  £             £           £            £

Net cash (outflow)
from operating activities               (178,908)                (311,414)

Returns on investments and
servicing of finance
Interest receivable          52,323                    78,082
                            -------                    ------

Net cash inflow from 
returns on investment 
and servicing of finance                  52,323                   78,082

Capital expenditure and
financial investment

Payments to acquire
intangible fixed assets                 (113,316)                (101,671)

Payments to acquire 
fixed asset investments     (81,932)                  (46,366)

Receipts from disposal 
of fixed asset
investments                       -                   259,424

Purchase of investments  (1,216,822)               (2,151,383)

Sale of investments       1,549,891                 4,042,119
                          ---------                 ---------

Net cash inflow from 
capital expenditure                      137,821                2,002,123
                                        --------                ---------

Net cash outflow 
before financing                          11,236                1,768,791

Issue of ordinary 
share capital                     -                   623,004
(net of issue expenses)   ---------                 ---------                   
Net cash inflow from
Financing                                      -                  623,004

                                        --------                ---------
in cash resources                         11,236                2,391,795
                                          ======                =========

                             GOLDEN PROSPECT  PLC

                        Six months ended 30 June 2001

1          The calculation of earnings per share is based on the profit of £
67,212   (Period ended 31 December 2000 loss - £1,439,023) and on the number
of shares in issue being the adjusted weighted average number of shares in
issue during the period of 86,984,958 (Period ended 31 December 2000 -

2          The interim statement for the six months ended 30 June 2001 is
unaudited and was approved by the Directors on 28 September 2001.  The
financial information set out above does not constitute statutory accounts
within the meaning of s.240 of the Companies Act 1985.  The information given
as comparative figures for the year ended 31 December 2000 was extracted from
the company's statutory accounts for that financial year which have been
reported on by the company's auditors and delivered to the Registrar of

3          The accounting policies remain as stated in the Annual Report for
the period  ended 31 December 2000.

4                    Copies of the Interim Report are available to the public
free of charge from the company at 138 Park Lane, London W1K 7AS during normal
office hours, Saturdays, Sundays and bank holidays excepted, for 14 days from
today .


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