Report For 9 Mths to 31/3/00

Ormonde Mining PLC
21 July 2000


ORMONDE MINING PLC ('Ormonde' or 'the Company')



INTERIM REPORT FOR ORMONDE MINING PLC
FOR THE NINE MONTHS ENDED 31 MARCH 2000

During the period Ormonde undertook a review and re-evaluation exercise on its
Tanzanian properties. The object of this exercise was to enable Ormonde to
reduce its exploration properties to core holdings which had significant
potential and which could be financed through Joint Ventures. This exercise
was on-going  during the period and culminated in the Company abandoning its
Mgusu and Bukoli properties and finalising a  Joint Venture with Axmin Ltd of
London on Ormonde's Siga Hills, Karumwa and Magamba Licences. Ormonde is
currently evaluating 10 other  licences in which it has a beneficial interest
and is operator, with  the aim of seeking joint venture partners for the more
promising of these and relinquishing  the remainder.

Ormonde's core ground holding in Tanzania over which exploration is on-going 
now comprises the Mrangi Licence, the operator being Mincor N.L. of Australia
and the Siga Hills, Karumwa and Magamba Licences, the operator being Axmin
Ltd.  Geochemical soil surveys and trenching programmes are presently in
progress and results are expected during the next quarter. Ormonde is not
incurring any cost in relation to this exploration work.

On the corporate front, Ormonde has been very actively engaged in assessing
various property acquisition and refinancing opportunities. A number of
projects and proposals have been pursued in some detail and it is expected
that the Company will be in a position to report progress on this work in its
next quarterly.


21 July, 2000
 
ORMONDE MINING PLC

CONSOLIDATED  PROFIT  AND  LOSS  ACCOUNT
FOR  THE 9 MONTHS ENDED  31 MARCH 2000


                        9 Months Ended        Year Ended     9 Months Ended
                         31 March 2000      30 June 1999      31 March 1999
                                   IR£               IR£                IR£
           Unaudited           Audited          Unaudited
   
Administrative expenses              -          (27,036)                  -
                              
Write-down of exploration costs      -          (26,477)                  -
                              ---------------------------------------------


OPERATING LOSS                       -          (53,513)                  -
                                                                       
Other income                         -            2,410                2,411
                             ----------------------------------------------

(LOSS)/ GAIN  ON ORDINARY
ACTIVITIES BEFORE TAXATION           -          (51,103)              2,411

Taxation                             -                -                   -
                                                                     

(LOSS)/ GAIN ON ORDINARY
ACTIVITIES AFTER TAXATION            -          (51,103)              2,411
                             ----------------------------------------------
Profit & loss account         
brought forward - (deficit) (4,574,420)      (4,523,317)         (4,523,317) 
                             ----------------------------------------------

Profit & loss account
carried forward - (deficit) (4,574,420)      (4,574,420)         (4,520,906)
                            ----------------------------------------------
 (Loss)/ Gain per share              -         (0.0013p)              0.006p


The Group has no recognised gains or losses other than those reflected in
the profit and loss account above.



 

ORMONDE MINING PLC

CONSOLIDATED  BALANCE  SHEET
AS  AT  31 March 2000

                        9 Months Ended        Year Ended     9 Months Ended
                         31 March 2000      30 June 1999      31 March 1999
                                   IR£               IR£                IR£
           Unaudited           Audited          Unaudited


FIXED ASSETS

Tangible assets                20,458             20,558            26,966
Intangible assets           2,269,785          2,038,596         1,873,058
                            ----------------------------------------------
                            2,290,243          2,059,054         1,900,024
                            ----------------------------------------------

CURRENT ASSETS                              

Debtors                         5,286             10,804            21,526

Cash at bank and in hand            -             69,385           217,578
                            ----------------------------------------------
                                5,286             80,189           239,104

CREDITORS : (Amounts falling 
due within one year)         (239,978)          (113,393)          (56,214)
Bank overdraft                (29,701)                 -                 -
                            ---------------------------------------------- 

NET  CURRENT  ASSETS/        (264,393)           (33,204)          182,890
LIABILITIES
                            ----------------------------------------------

NET  ASSETS                 2,025,850          2,025,850         2,082,914
                            ----------------------------------------------

CAPITAL  AND  RESERVES

Called-up share capital     2,195,890          2,195,890         2,195,990
Share premium account       4,398,673          4,398,673         4,402,123
Capital reserve                 5,707              5,707             5,707
Profit and loss account    (4,574,420)        (4,574,420)       (4,520,906)
                            ----------------------------------------------

                            2,025,850          2,025,850         2,082,914
                            ----------------------------------------------



SUPPLEMENTARY INFORMATION


1.Break down of expenditures for the 9 months to 31 March 2000

                                     9 months ended 31st    Year ended 30th
                                              March 2000          June 1999
                                                     IR£                IR£
                                               Unaudited            Audited
Description

Field Exploration                                 52,010            345,562
Field Supplies                                         0             50,491
Field Geology                                        325             28,297
Option and Government Fees                        39,981            144,444
Travel and Accommodation                          15,879             34,744
Legal Fees                                        (3,200)            16,015
Telephone, fax and postage                         6,321             16,601
General                                          119,413             76,877
                                         ----------------------------------
                                                 231,189            713,061
                                         ==================================
Directors' fees and other emoluments              57,730             77,235

There were no other payments made to parties not at arm's length from the
issuer


                                   
2.            
(a)   No options have been granted in  the period under review                
    
(b)   No additional shares issued.

3.
(a)   Authorised share capital:         100,000,000 ordinary 5p shares        
                            
      Issued share capital:              43,917,841 ordinary 5p shares are on 
  
                                        issue

(b)   No options, warrants or convertible securities are outstanding.
(c)   Total number of shares in escrow:   8,435,691
(d)   Directors:   Desmond J Burke
                   Michael J Donoghue
                   Hugh W Mc Cormack
                   David O'Beirne