EAST COAST MINERALS NL 2001-12-14 ASX-SIGNAL-G HOMEX - Sydney +++++++++++++++++++++++++ EAST COAST MINERALS NL (66.(2/3)%) LEGEND MINING LIMITED (33.(1/3)%) EXPLORATION UPDATE Further to East Coast Minerals ASX release of 14 November 2001 regarding drilling on M47/341, detailed analysis of selected half core over 50cm intervals has now been completed. Significantly higher platinum, palladium and gold grades were recorded over the narrower intervals in a number of holes (Tables 1-3). Comparison of the new results, averaged over one metre intervals, with the previous one metre composite analyses also shows a slight overall increase in values for these elements. Results for the minor PGE's (Ir, Os, Rh, Ru) were generally low. Drilling in the recent programme was restricted to M47/341. East Coast and Legend Mining are planning further drilling on the Ferguson Reef about one kilometre west of the Helix Resources' Centre Zone PGE resource, within mining lease M47/340. Helix has carried out recent drilling down-dip from M47/340 and results have not yet been reported. Widespread strong carbonate alteration was detected in M47/341 during the PGE drilling, apparently associated with major faulting. This type of alteration is also developed at the high grade silver deposit mined by the Joint Venture at Elizabeth Hill, 3.5 kilometres to the north. Structural and geochemical mapping to identify further high grade silver mineralisation along the regional Munni Munni Fault and associated splay faults has commenced this week and results will be released as soon as available. Legend Mining Limited having the right to earn a further 16.(2/3)% by spending an additional $1 Million in the ground and paying $750,000 cash to East Coast Minerals NL. L White CHAIRMAN Information on exploration results contained in this release is based on reports compiled by consulting geologist Mr Finn Barrett MSc, MGSA, MAIG, MSEG of Barrett Exploration Pty Ltd. Mr Barrett consents to the inclusion in this release of the matters based on his reports in the form and context in which it appears. TABLE 1 DRILL DOWNHOLE AU IR OS PD PT RH RU AU + HOLE DEPTH PPB* PPB* PPB* PPB* PPB* PPB* PPB* PGE FROM TO PPB* UYD01 32.9 33.4 331 0 2 945 154 7 6 1445 UYD01 33.4 33.9 863 22 0 1635 1481 1O6 57 4164 UYD01 33.9 34.4 1019 41 6 2476 2600 197 99 6438 UYD01 34.4 34.9 257 20 2 1875 895 107 58 3214 UYD02 27.5 28.0 38 14 2 1012 328 81 43 1518 UYD02 28.0 28.5 67 4 2 1193 131 42 22 1461 UYD02 32.5 33.0 9 4 2 601 452 26 18 1112 UYD05 39.4 39.0 23 6 2 717 447 32 22 1249 UYD06 50.75 51.25 420 8 2 1467 459 63 28 2437 UYD06 51.25 51.75 221 17 0 1433 762 96 56 2585 UYD13 63.0 63.5 434 17 2 1659 927 102 51 3192 UYD21 90.O 90.5 82 8 2 863 641 46 17 1659 UYD21 90.5 91.0 53 15 2 1246 543 81 38 1978 UYD21 91.0 91.5 25 5 0 392 157 28 18 625 UYD21 91.5 92.0 47 6 2 618 391 34 21 1119 UYD21 98.5 99.0 598 2 2 357 215 11 9 1194 UYD25 143.0 143.5 171 9 0 1594 467 53 28 2322 UYD25 144.0 144.5 96 7 2 1236 213 40 25 1719 UYD25 145.0 145.5 48 6 2 872 169 30 19 1145 UYD26 168.5 169.0 173 2 0 776 108 18 10 1087 Significant PGE intersections, Munni Munni JV Detailed Analyses, 50cm Core Lengths * NIS/MS = Fire assay (nickel sulphide collection)/ICPMS analysis. TABLE 2 DRILL DOWNHOLE DEPTH INTERCEPT PT+PD+AU NI CU HOLE FROM TO M G/T % % FA25/MS C/AAS C/AAS UYDOl 32.9 34.9 2 3.57 0.17 0.57 UYD02 28.0 29.0 1 1.03 0.05 0.18 UYD02 32.0 33.0 1 0.97 0.01 0.01 UYD03 31.0 33.0 2 2.27 0.09 0.40 UYD03 35.0 37.0 2 1.20 0.03 0.02 UYD05 38.9 39.9 1 1.12 0.05 0.12 UYD06 50.8 51.8 1 2.38 0.17 0.48 UYD07 11.0 13.0 2 2.07 0.10 0.36 UYD08 79.5 80.5 1 1.47 0.14 0.44 UYD09 66.5 67.5 1 3.90 0.10 0.30 UYD13 62.0 64.0 2 1.31 0.09 0.27 UYD17 15.0 18.0 3 1.98 0.03 0.21 UYD21 89.5 91.5 2 1.18 0.02 0.05 UYD21 91.5 100.5 9 0.61 0.13 0.39 UYD24 134.0 135.0 1 0.96 0.03 0.13 UYD25 143.0 145.0 2 1.29 0.10 0.37 UYD26 139.0 140.0 1 0.92 0.02 0.05 UYD27 105.0 106.0 1 1.43 0.05 0.09 UYD27 130.0 137.0 7 0.56 0.03 0.08 Significant PGE Intersections, Munni Munni JV Composite Samples over 1 metre Intervals FA25/MS = 25g fire assay (lead collection)/ICPMS analysis C/AAS = Perchloric/hydrochloric acid digest/AAS analysis TABLE 3 DRILL NORTHING EASTING DIP/AZI RC DIAMOND TOTAL UYD01 7664795 485837 90/000 0.0m 70.1m 70.1m UYD02 7664311 485629 90/000 12.0m 37.Om 49.Om UYD03 7664306 485545 60/000 0.0m 56.9m 56.9m UYD04 7664337 485348 60/000 60.0m 45.5m 105.5m UYD05 7664441 485346 60/000 36.0Om 39.8m 75.8m UYD06 7664670 485165 90/000 18.0m 61.Om 79.0m UYD07 7664444 485166 60/000 40.0m O.Om 40.Om UYDO8 7664334 485175 60/000 80.0m 40.9m 120.9m UYD09 7664551 484977 60/000 30.0m 75.7m 105.7m UYD10 7664350 484954 60/000 102.0m 45.6m 147.6m UYD11 7664288 484715 60/000 125.0m 97.7m 222.7m UYD12 7664451 484756 60/000 107.0m 82.6m 189.6m UYD13 7664593 484769 60/000 36.0m 69.6m 105.6m UYD14 7664908 485193 90/000 0.0m 25.Om 25.Om UYD15 7664351 484828 60/000 110.0m 142.Om 252.Om UYD16 7664440 485346 90/000 0.0m 40.Om 4O.Om UYD17 7664444 465167 90/000 O.Om 51.2m 51.2m UYD18 7663552 486246 90/000 160.0m O.Om 160.0m UYD19 7663629 486303 60/090 50.0m O.Om 50.Om UYD20 7863625 486139 60/090 77.Om O.Om 77.Om UYD21 7663746 486125 60/090 90.0m 36.8m 126.8m UYD22 7663840 485115 60/090 120.Om 36.6m 156.6m UYD23 7663717 486285 60/090 78.Om 60.8m 138.8m UYD24 7663343 488315 60/090 50.Om 109.8m 159.8m UYD25 7663993 486386 60/090 72.0m 99.8m 171.8m UYD26 7664100 486389 60/090 56.Om 121.8m 177.8m UYD27 7664274 486373 60/090 72.Om 66.8m 138.8m UYD28 7664472 486496 60/090 O.Om 72.8m 72.8m Total: 1581.0m 1585.8m 3166.8m