Lonmin Plc and Goldstream Mining N.L. - Mibango Joint Venture

Lonmin Plc and Goldstream Mining N.L. - Mibango Joint Venture                   
Lonmin Plc                                                                      
GB0031192486                                                                    
21 August 2002                                                                  
Lonmin Plc is pleased to announce that it has entered into a joint venture      
agreement with Goldstream Mining N.L. (Goldstream), a company incorporated in   
Australia with shares listed on the Australian Stock Exchange (ASX: GDM). The   
Mibango Joint Venture (MJV) will advance Goldstream`s prospective Mibango PGM   
exploration project in Western Tanzania in which Goldstream holds a 100%        
beneficial interest.                                                            
The main points covered by the Mibango Joint Venture Agreement are that Lonmin  
will:                                                                           
be entitled to a 60% interest in the MJV by funding an initial minimum of US $1 
million in exploration in the first year (ending 31st March 2003)               
refund to Goldstream previous expenditure of US $610,000                        
provide sole funding to complete a Feasibility Study within five years          
have the opportunity to earn a further 5% interest in the MJV by arranging      
development finance                                                             
provide technical services to the MJV and have the right to purchase products   
from Goldstream`s share of the joint venture                                    
For further information please contact: Ian Farmer or Chris Davies (+44 207 201 
6000), or Albert Jamieson(+27 11 516 1300) at Lonmin, or Jackie Range at        
Cardew&Co. (+44 207 930 0777).                                                  
Reference may also be made to the website www.goldstreammining.com.au           
Date: 21/08/2002 09:03:49 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department