(Incorporated in the Republic of South Africa)
CORPORATE AFFAIRS DEPARTMENT
(Registration Number: 1944/017354/06)
16th Floor, 11 Diagonal Street, Johannesburg 2001, South Africa
Tel: (+27 11) 637-6385 or Fax: (+27 11) 637-6399/6400
ANGLOGOLD ENTERS INTO PURCHASE AND SALE AGREEMENT
ON JERRITT CANYON JOINT VENTURE
AngloGold today announced that it has entered into a Purchase and Sale Agreement with Queenstake
Resources U.S.A. Inc. on its interests in the Jerritt Canyon Joint Venture. This follows the receipt by the
Jerritt Canyon joint venture partners of a second unsolicited offer from Queenstake and a Letter of Intent
regarding the transaction dated May 20, 2003. AngloGold owns 70% of the joint venture and is the operator
and managing partner of the Jerritt Canyon mine. Under the terms of the Purchase and Sale Agreement,
Queenstake has paid a $250,000 deposit and will pay the Jerritt Canyon Joint Venture an additional $1.25
million in cash and 32 million shares of Queenstake common stock on closing, with $6 million in deferred
payments and approximately $4 million in future royalty payments. Queenstake will accept full closure and
reclamation and other liabilities. The closing is set for June 25, 2003.
For the year ended December 31, 2002, Jerritt Canyon produced 237,000 attributable ounces of gold at a
total cash cost of $249 per ounce.
Queries:
www.anglogold.com
South Africa
Disclaimer
Except for the historical information contained herein, there are matters discussed in this news release that are forward-looking
statements. Such statements are only predictions and actual events or results may differ materially. For a discussion of important
factors including, but not limited to development of the Company's business, the economic outlook in the gold mining industry,
expectations regarding gold prices and production, and other factors, which could cause actual results to differ materially from such
forward-looking statements, refer to the Company's annual report on the Form 20-F for the year ended 31 December 2002 which was
filed with the Securities and Exchange Commission on 7 April 2003.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Name: C R Bull
Title: Company Secretary