WATER USE FEES/SECURITY DEPOSIT

COMPANY NAME: BHP Minerals	LICENCE NUMBER: N7L2 -1652

LICENCE DATE	DESCRIPTION	FEES	DUE/EXPIRY	PAID
March 15, 1996	Banque Nationale de Paris, Toronto Branch Letter of Credit # 960080 received by INAC Water Res Division	20,000.00	Expiry date: July 1, 1998
September 13, 1996	Water use fee	30.00	Covered to July, 1997