18 October, 2007
NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the Annual General Meeting of Macmin Silver Ltd will be held at The Paradise Room, Gold Coast Turf Club, Racecourse Drive, Surfers Paradise, Queensland on Tuesday 20th November 2007 at 2.00pm.

ITEMS OF BUSINESS

Financial Report and Directors’ and Auditor’s Reports

The Financial Report, the Directors’ Report and the Independent Auditor’s Report for the year ended 30 June 2007 will be presented for consideration.

Macmin Silver Ltd’s Annual Report which includes the Financial Report for the year ended 30 June 2007 is available on-line at www.macmin.com.au. Following consideration of Reports, the Chairman will give Shareholders a reasonable opportunity to ask questions on the Reports.

A representative of the Auditors will be available to answer questions.

Resolution 1: Re-Election of Director – Mr P.A. McNeil

That Mr P.A. McNeil, who retires as a Director of the Company in accordance with Article 16.1 of the Constitution and, being eligible, offers himself for re-election, be and is hereby re-appointed a Director of the Company.

Resolution 2: Change of Auditor

To consider, and if thought fit, to pass the following resolution as an ordinary resolution:

“That BDO Kendalls be appointed as auditor of Macmin Silver Ltd effective from the close of this meeting.”

A notice of nomination of BDO Kendalls as auditor of the Company is enclosed (Annexure B) with this notice in accordance with Section 328B(3) of the Corporations Act 2001.

Without limitation, Section 327B of the Corporations Act is relevant to this resolution.
Macmin Silver Ltd -Notice of Annual General Meeting

Resolution 3:        Approval for Amendment and Continuation of the Macmin Employee Incentive Option Plan

That in accordance with the Terms and Conditions of the Macmin Employee Incentive Option Plan (“THE PLAN”) and the provisions of the official Listing Rules of the Australian Stock Exchange (“ASX”), the Company and the Directors of the Company are hereby authorised to amend and continue THE PLAN and the issue of options under THE PLAN are approved for the purpose of ASX Listing Rule 7.2, exception 9.

Additional information on this resolution is contained in the explanatory statement attached.

It should be noted that the company will disregard any votes cast (other than in respect of the proxies given by other members of the company which contain clear instructions as to how such votes are to be exercised) on this resolution by any person who will participate in THE PLAN and by any associate of those persons.

Resolution 4: Advisory/Non-binding Vote on Remuneration Report

That the Remuneration Report in the Company’s Annual Report be adopted.

Final Item of Business:

To transact any other business that may be lawfully brought forward in accordance with the Constitution of the Company and the Corporations Act 2001.

Eligibility to Attend and Vote at Meeting

The Company has determined that all shares of the Company that are quoted shares at 7.00pm on 18 November 2007 will be taken for the purposes of the meeting to be held by the persons who held them at that time.

By order of the Board


G.M. Edwards
Company Secretary

Notes

1. A member entitled to attend and vote at the Meeting may appoint not more than twoproxies to attend and vote instead of such member.
2. Where more than one proxy is appointed, each proxy must be appointed to represent a specified proportion of the members’ voting rights and neither proxy may vote on a show of hands.
3. A proxy need not be a Member of the Company.
4. A proxy form and the authority (if any) under which it is signed or a copy of that authority certified as a true copy by statutory declaration must be returned to the Secretary, at the registered office or forwarded to P.O. Box 7996, Gold Coast Mail Centre, Queensland 9726, Australia.  Proxy forms must be received not less than 48 hours before the time for holding the meeting.
   
   

EXPLANATORY STATEMENT TO MEMBERS

Resolution 3: Approval for Amendment and Continuation of the Macmin Employee Incentive Option Plan

The Macmin Employee Incentive Option Plan (“the Plan”) was established with shareholder approval on 22 November 1996 and last amended 24 November 2000.  Approval is now sought for amendment and continuation of the Plan.

Summary of Amendments Proposed for the Macmin Employee Incentive Option Plan

• Remove the requirement for the Managing Director to recommend that the Directors may issue options.
• Alter the exercise period for options under the Plan so that they vest after one year (currently the options vest immediately).
• Alter the formula for calculation of the exercise price so that it is not less han 110% of the average of the market price for company ordinary shares over the 5 trading days prior to the day on which the options are issued (rounded up to the nearest full cent) or a greater price determined by the directors. Currently the exercise price is 130% of the 5 days previous trading prices.
• Alter the exercise period from five years after the date of issue of the options to three years or such earlier date as the Directors determine at the time of issue ("expiry date"). 
• Alter the number of options that may be exercised from multiples of 500 to multiples of 5,000, unless exercising all the holder’s remaining options

Listing Rule 7.2 sets out exceptions whereby issues are not counted toward the number of securities which the directors may issue without shareholder approval.  By approving issues under the Plan as an exception, any issues of unlisted options under the Plan will not be taken into account in determining the amount of securities (shares or options) the directors may issue without shareholder approval. The revised terms and conditions of the Plan are attached at Annexure A.

Resolution 4: Advisory/Non-binding Vote on Remuneration Report

A vote on the adoption of the Remuneration Report is a requirement of the Corporations Act 2001. The vote on the resolution is advisory only and does not bind the Directors or the Company.

The Directors believe remuneration as per the report is modest and is at or below industry levels.

Annexure A

REVISED EMPLOYEE INCENTIVE OPTION PLAN

The following are the revised terms of the Plan:-

Macmin Silver Ltd Employee Incentive Option Plan

The Macmin Silver Ltd Employee Incentive Option Plan ("the Plan") is described in and administered by the terms and conditions set out below.

• The Plan and the terms and conditions of the Plan may only be amended with approval of the shareholders.
• Directors may not issue options under the Plan if to do so would cause the number of options issued under the Plan and not yet exercised or expired to exceed 5% of the number of issued shares in the Company as at that date.

Terms and Conditions

• The Directors of the Company may issue options to subscribe for shares in the Company to employees and consultants of the Company, a company related to the Company ("Related Company") and any joint venture in which the Company or a Related Company participates. However, no options are to be issued to Directors of the Company pursuant to the Plan. Each option entitles the holder to subscribe for one fully paid ordinary share in the capital of the Company.
• The options are exercisable from one year after the date of issue until the expiry date. The options shall expire at 5.00 p.m. eastern standard time, on the first business day three (3) years after the date of issue of the options or such earlier date as the Directors determine at the time of issue ("expiry date"). Options may only be exercised in multiples of 5,000, unless exercising all the holder’s remaining options. Any options not exercised by the expiry date shall lapse.
• The exercise price of each option will be 110% of the average of the market closing price for company ordinary shares over the 5 business days prior to the day on which options are issued (rounded up to the nearest full cent) or a greater price determined by the directors. The amount calculated by that average is to be advised to employees at the time of issue of the options.
• Exercise of the options is effected by delivery of a Notice of Exercise [see back of Option Certificate] to the registered office of the Company together with payment of the exercise price of the options. Shares will be issued pursuant to the exercise of the options not more than 14 days after receipt by the Company from the option holder of the Notice and the exercise price in respect of the options.
• Options may not be exercised if the effect of such exercise and subsequent allotment of shares would be to create a holding of less than a marketable parcel of ordinary shares unless the allottee is already a shareholder of the Company at the time of exercise.
• Options are not transferable. Application will not be made to Australian Stock Exchange Limited ("ASX") for their Official Quotation.
  

REVISED EMPLOYEE INCENTIVE OPTION PLAN

• All shares issued upon exercise of the options and payment of the exercise price will rank pari passu in all respects with the Company's then existing ordinary fully paid shares.  The Company will apply for Official Quotation by ASX Limited of all shares issued upon exercise of the options.
• There are no participating rights or entitlements inherent in the options and holders will not be entitled to participate in new issues of capital offered to shareholders during the currency of the options. However, the Company will ensure that for the purposes of determining entitlements to any such issue, the books closing date will be at least 7 business days after the issue is announced.  This will give optionholders the opportunity to exercise their options prior to the date for determining entitlements to participate in any such issue.
• In the event of any reconstruction, including a consolidation, sub-division, reduction or return of the issued capital of the Company prior to the expiry date, the number of options to which each holder is entitled or the exercise price of the options or both will be reconstructed as appropriate in a manner which is in accordance with the Listing Rules then applying and which will not result in any benefits being conferred on optionholders which are not conferred on shareholders, subject to such provisions with respect to the rounding of entitlements as may be sanctioned by the meeting of shareholders approving the reconstruction of capital, but in all other respects the terms of exercise of the options will remain unchanged.
• If an optionholder under this Plan ceases to be substantially involved with the company, the Directors, at their discretion may cancel all or part of the holder's options obtained under this plan after giving the holder 60 days notice of their intention to do so.

 

Annexure B

COPY OF SHAREHOLDER NOMINATION OF NEW AUDITOR

5 October 2007

Mr Garry Edwards Company Secretary Macmin Silver Ltd PO Box 7996 GOLD COAST MAIL CENTRE QLD 9726


Dear Mr Edwards


Pursuant to Section 328B(1) of the Corporations Act 2001, Robert D. McNeil, as a shareholder of Macmin Silver Ltd hereby nominates BDO Kendalls Chartered Accountants, for appointment as auditors of the Company at the next Annual General Meeting or any adjournment thereof, subject to the resignation of the current auditors, PricewaterhouseCoopers, Brisbane.


Yours sincerely

R.D. McNeil

 

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15 October, 2007
TWIN HILLS SILVER MINE UPDATE

Macmin’s objective is to consolidate its unique position as the premier silver focused company in Australia. This objective is based on our belief that rising silver prices herald a recognition that silver in the 21st Century will be a fundamental metal in technological advances and an important investment asset.

To progress that objective the Board’s plan for 2008 is to: 

• Continue to acquire new silver and or silver/zinc/lead projects throughout Queensland to provide the future advancement and expansion for the Company.  The success at the Tally Ho Project (see ASX release dated 27th September 2007) is an example of this future potential. Former Managing Director, Denis O’Neill, continues as a Director of the Company and has assumed responsibility for planning and directing this part of the strategy.
• Continue to drill other prospects within the Texas Silver Project such as Mt Gunyan and Mt Gunyan South-East.  At Mt Gunyan, Macmin has identified, at least in the upper, near-surface parts, a lower grade silver system than Twin Hills.  However, as noted in the last ASX release, dated 27 September 2007 some very high grades to 592g/t silver and 192g/t gold have been noted, hinting at steeply dipping structures hosting ‘bonanza type’ silver-gold mineralisation. Drilling is expected to continue throughout 2008 and potentially will lead to a decision regarding a mining lease application by the end of 2008. The current Resource figures quoted in the Annual Report are expected to be revised in mid 2008. 
• Continue to improve the mining and processing of silver ore at the Twin Hills mine to achieve, initially a monthly production rate of 180,000ozs of silver. This target is based on leaching 60,000 tonnes per month of medium and high grade ore, crushed to <4mm. Low grade ore treatment is not included in this target, as detailed later in this announcement.  

Bob McNeil, Chairman of Macmin Silver noted “Commissioning at the Twin Hills Silver Mine over the past six months has not led to full scale production as quickly as anticipated.  This is not unusual with new mines, but we believe we have identified all the problems and are moving to overcome them.  We expect silver production to gradually increase over the coming months to a monthly rate of 180,000ozs.  This target may not be achieved until well into 2008.  We will continue to investigate the possibility of further increasing production rates. 

The silver powder produced at the Twin Hills Mine is a unique product which is eventually expected to sell at a premium to the spot silver price.  An initial sale of approximately 250kg (8,000oz) of silver powder is expected to be made this week and will be reported once concluded.

Our exploration program to identify additional silver or silver/lead/zinc resources in Queensland is expected to provide a considerable further upside to the Company in later 2008, particularly as we focus on identifying additional resources at the Texas tenements and in projects such as Tally Ho.  Production of silver is very important to the Company but identification of new projects for future expansion is equally important.”

TWIN HILLS MINE UPDATE

The Twin Hills mine is an open cut mine which, when producing at the rate of 180,000ozs of silver per month, will mine approximately 80,000 tonnes of ore (both higher grade heap leach ore and lower grade dump leach ore) per month. Mining, processing, commissioning of the plant and the move to higher production rates has been much slower than expected.




The process from identification of silver resources to production of silver powder can be summarised as follows:

Resources

Resources are identified by early drilling and later confirmed by detailed “grade control” drilling. Grade control drilling has been completed to an approximate depth of 30m over much of the proposed pit surface and has confirmed the earlier estimates of grade and tonnages – the silver is present in the rock. 

Previously announced Resources for Twin Hills only are shown below (see also 2007 Annual Report):

Measured Resource
Resource		Cut off	Tonnes	Silver	Gold
Type		Grade	(m)	g/t	g/t
Heap Leach		60g/t silver	1.30	95	0.2
Dump Leach		20g/t silver	1.60	35	0.07

Indicated Resource
Resource		Cut off	Tonnes	Silver	Gold
Type		Grade	(m)	g/t	g/t
Heap Leach		60g/t silver	1.49	95	0.2
Dump Leach		20g/t silver	7.12	32	0.07

Inferred Resource
Resource		Cut off	Tonnes	Silver	Gold
Type		Grade	(m)	g/t	g/t
Heap Leach		60g/t silver	1.26	98	0.2
Dump Leach		20g/t silver	5.69	32	0.07

Total Resources are as follows:-

Measured Resource -            2.9Mt at 72g/t silver and 0.1g/t gold for contained silver and gold of 6.7Mozs silver and 9,300 ozs gold

Indicated Resource -             8.6Mt at 43g/t silver and 0.1g/t gold for contained silver and gold of 11.9Mozs silver and 28,000 ozs gold

Inferred Resource -                6.95Mt at 44g/t silver and 0.1g/t gold for contained silver and gold of 9.8Mozs silver and 22,000 ozs gold

A limited number of deep drill holes indicate the current mineralisation at Twin Hills extends at depth and along strike beyond the present Resource.  This mineralisation has not yet been drilled out.

A complete Resource Statement for the Texas Project is stated in the 2007 Annual Report.




Mining

Mining is carried out by drill and blast followed by transport to the crushing facility.  At present two excavators, two bulldozers and four 50t trucks are on site for use in this operation.  High grade ore goes straight to the crushing circuit, low grade ore is presently stockpiled for later silver extraction, and waste is taken to the waste rock dump.

In view of current higher silver prices the pit design is being continually evaluated to allow lower grade ore to be mined and processed.

Mining is progressing satisfactorily and an increase in the mining rate to match increased crushing capacity is achievable. To date 199,000 tonnes of medium-high grade ore, 102,000 tonnes of low grade ore and 242,000 tonnes of waste have been mined.




Crushing, Agglomerating and Stacking

The higher grade ores are crushed to <4mm in size, agglomerated with cement and lime to achieve the required pH, and stacked onto heaps for leaching.

Reliability and availability constraints (particularly the lengthy repair of the jaw crusher failure) within the mobile section of the crushing circuit has reduced crusher throughput. A trained workforce has been difficult to recruit and the Company has followed a program of local recruitment and on-the-job training which has slowed production.  Such workforce training requirements and crusher availability have so far prevented the introduction of a second shift.

Additional employees from outside the local area are presently being recruited to allow implementation of a two shift, 7 day/week operation.  In addition quotations and contracts are being evaluated for a contract crushing arrangement but the installation of any contract crushing equipment is estimated to take 20 to 24 weeks from date of commitment. 

Stacker design and operation initially delayed stacking of the crushed ore, however the characteristics of the ore have proved favourable for leaching and that has allowed for increased use of conventional stacking machinery.




Heap Leaching

After being placed on heaps up to 8m high the ore is saturated with a leaching solution which dissolves the silver.  The solution (pregnant solution) with the dissolved silver is collected by pipes at the base of the heap and stored in specially constructed and covered ponds.

The ore characteristics have facilitated percolation of solution through the heaps and that part of the operation is working well but actual leaching recovery rates have yet to be determined.

Leaching has not been continuous due to a revamp of the irrigation system and a major clean out of the leaching circuit to remove fine material accumulated during construction.

It is estimated that 6,000kg (193,000oz) of silver will be leached from the heaps already in place. Silver in solution inventory in the process ponds awaiting electrowinning amounts to 800kg (25,700oz).




Silver Powder Production

The silver is extracted from the pregnant solutions by an electrowinning process.  This electrowinning plant (EM-EW) contains 180 cells, is modular and can be relatively easily increased in capacity and produces a silver powder containing about 98% silver.  This silver powder is dried, stored in drums and sold “as is” or can be refined into silver ingots. Approximately 280kg (9,000oz) of silver has been produced to date.  Production of 4,000kg (128,600oz) of silver is forecast for the fourth quarter of 2007.

60 of the 180 cells of the electro-winning plant have been utilised in extensive trials with varying conductivity, voltage/current, flow-rates and temperature levels to improve extraction rates of silver powder in the electrowinning cells. During the week ended 28th September the EM-EW plant ran 12 hours per day every day for the first time and produced the highest extraction rates per cell to date. Extraction rates per cell are still 40% below design expectations but the plant was built with extra cell capacity and can be extended as required.

It may be necessary to install a small Merrill Crowe silver extraction plant to recover silver in lower grade leachate solutions which are not economical to treat through the EM-EW plant.

It is apparent that the temperature of the leach solution has more effect on silver recovery by electrowinning than previously thought and the initial trials completed on-site in low winter temperatures were adversely affected. Summer temperatures heating the solution will deliver more efficient recoveries and investigations will be undertaken into heating the solution for winter processing in future.

Continued extraction of silver powder from the cells has now provided data and operating parameters for the finalising of an effective powder filtering, drying and packaging system.




Marketing

The silver powder being produced is a unique product, is of good purity and its very fine texture is providing marketing opportunities which may attract a premium to the spot price for silver. Silver sizing analysis has confirmed the very fine nature of the powder with size range being 1 to 50 microns and 72% of the powder being less than 20 microns.  Two contractual arrangements for sale of small monthly quantities of silver in the powder form are being negotiated. Any silver not sold as powder can be smelted and sold in conventionalingot form.




Low Grade Ore Treatment

The plan for Twin Hills includes processing of lower grade ores without the cost of crushing to the fine size used for the higher grade ore. This component of the production plan relies on stacking the coarse lower grade material on top of fine material which has been fully leached. This eliminates the need for additional leach pad construction costs for the lower grade ore. At this stage the lower grade material is being stockpiled pending availability of re-usable leaching areas.




ENVIRONMENTAL PROTECTION AGENCY APPROVALS (“EPA”)

As per the conditions set out in the Environmental Authority, an independent Site Water Management and Monitoring Plan has been completed and sent to the EPA in draft form.  A consultant group specialising in site rehabilitation has been engaged to prepare the engineering documentation required for the capping of the waste rock dump, stockpiles and heap leach area. Progressive capping and re-vegetation of these areas is an ongoing EPA requirement.  




SILVER SPUR ZINC MINERALISATION

Zinc mineralisation is known to occur adjacent to Twin Hills at the historic Silver Spur silver/zinc mine.

Previously announced Resources at Silver Spur include:

• In ground Inferred Resource – 808,000t at 70g/t silver, 3.56% zinc, 1.25% lead, 0.17% copper.
• Slag dump Inferred Resource – 90,000t at 0.5g/t gold, 0.35% copper, 3.17% lead, 15.8% zinc and 158g/t silver.

 We have not yet determined how best to proceed with the Silver Spur Resources, mainly due to other management priorities. The Resource could, however, add to the Company’s cash flow in the future.

Yours faithfully



Garry Edwards




CHIEF EXECUTIVE OFFICER

The information in the report to which this statement is attached that relates to Exploration Results and Mineral Resources is based on information compiled by Robert McNeil, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Robert McNeil is employed by Macmin Silver Ltd.  Robert McNeil has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.  Robert McNeil consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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27 September, 2007
MORE HIGH SILVER (711g/t) AND GOLD (10.15g/t) VALUES FROM DRILLING COMPLETED AT TALLY HO

Summary
Macmin Silver Ltd has recently received assay results for the final 12 drill holes from the drilling programme completed at our Tally Ho prospect in May 2007. Highlights of the drill holes are as follows:


GRRC44	15m (21-36m)	at 230g/t Silver, 0.06g/t Gold and 0.05% Zinc
	Incl. 2m (22-24m)	at 676g/t Silver, 0.17g/t Gold and 0.03% Zinc
	10m (49-59m)	at 272g/t Silver, 0.49g/t Gold and 3.90% Zinc
	Incl. 2m (57-59m)	at 711g/t Silver, 2.11g/t Gold and 7.64% Zinc
GRDD9	1m (126-127m)	at 384g/t Silver, 10.15g/t Gold and 0.35% Zinc
GRDD10	1m (135-136m)	at 512g/t Silver, 1.05g/t Gold and 0.34% Zinc
GRDD14	1m (224-225m)	at 283g/t Silver and 3.18g/t Gold
GRDD19	2m (144-146m)	at 177g/t Silver and 1.65g/t Gold

Drilling
Final assay results for the drilling programme completed in May 2007 at the Tally Ho prospect have recently been received. The best intercepts from the final 12 drill holes are presented in Table 1, with hole location data shown in Table 2. The Tally Ho prospect is part of the Central Queensland Project and is situated approximately 45km southwest of Mackay in Central Queensland.

Holes GRRC44, 45 and 47 are from the northern section of the mineralised breccia with a best intercept of 2m at 711g/t Silver, 2.11g/t Gold and 7.67% Zinc in GRRC44 from 57m located within a mineralised zone which extended from surface to 81m downhole assaying 109g/t Silver, 0.12g/t Gold, 1.03% Zinc, 0.16% Lead and 0.19% Copper.

Holes GRDD9, 10, 14 and 19 have all intersected zones of strong silver/gold mineralisation, with a best intercept of 1m at 384g/t Silver and 10.15g/t Gold in GRDD9 from 126m. All of these intercepts are deeper (downhole) than the extensive silver/zinc (+/-gold, lead and copper) mineralisation. Earlier drilling results (see previous ASX releases dated 7th June 2007 and 10th July 2007) also support the existence of a deeper (downhole) silver/gold rich zone of mineralisation.

The exact nature and relationship of the ‘deeper' silver/gold mineralisation and the more extensive silver/ zinc (+/-gold, lead and copper) mineralisation is uncertain at present, but will be reviewed as part of a comprehensive evaluation of all drilling data completed on the Tally Ho prospect. The ‘deeper' silver/gold mineralisation may represent a separate mineralising event, which has over printed or been over printed by the silver/zinc (+/-gold, lead and copper) mineralisation. A better understanding of this relationship will assist with targeting future drilling both on the Tally Ho prospect and exploration on the surrounding tenements.

Production of drill sections spaced 20m apart (on a recently established local grid) over the strike length of the prospect is underway, which will allow a full sectional review of all drilling data with the aim of gaining a greater understanding of the mineralising system (ie breccia pipe) and producing a JORC compliant resource. Two drill sections [5040N and 4980N] show the silver equivalent* mineralisation and its relationship to the breccia granite from the drilling carried out to date.

The breccia mineralising system (ie breccia pipe), which trends north north-east has been drill tested over a strike length of 180-200m. There is potential to locate further mineralisation of this nature either along strike (both to the north north-east and the south south-west) and/or as a parallel system. It is planned to undertake a programme of reconnaissance drilling in the coming months, utilising one of the Company's privately owned drilling rigs, to test for further mineralisation along strike.

A programme of soil sampling and prospecting is currently in progress, over an area of approximately 1.2 x 1.5km (centred on the Tally Ho prospect), with the aim of identifying further drill targets.


Drill Hole Numbers
Hole numbers GRRC39 and GRDD11, 12 and 13 have not been used.

Sampling and Assaying Details
Sampling of reverse circulation holes was undertaken over 1m and 2m intervals within the visual breccia zones (ie mineralised zones) and over 4m intervals through the un-brecciated, unaltered zones (ie non-mineralised zones).

Diamond core has been sampled over 1m intervals (1/2 core) within the breccia zones, with the altered margins being sampled over 2m intervals (1/4 core) for 2-4 samples either side of the breccia zones. Most diamond core has only been sampled in the area of the brecciation and alteration.

A few diamond holes have had more extensive sampling over the full length of the hole at 4m intervals out side of the brecciation and alteration zones.

As part of the Company's quality control programme, a duplicate sample is collected about every 20 samples and submitted under a different sample number providing a check on repeatability.

Assaying is carried out by ALS Chemex in Brisbane. Samples are subjected to an Aqua Regia digest followed by analysis for Silver (Ag), Copper (Cu), Lead (Pb), Zinc (Zn), Arsenic (As), Antimony (Sb), Bismuth (Bi) and Molybdenum (Mo) by the ICP-AES technique and Gold (Au) by the ICP-MS technique.

Table 1 - Best Intercepts



Note:
1. True widths of the intervals quoted are not listed, as the orientation of the mineralisation is uncertain.
   
2. Macmin Silver Ltd is primarily a silver exploration and mining company and as such reports silver equivalent values to provide shareholders and investors with a more easily quantifiable basis for comparison with other silver-bearing projects where the metal ratios are different from those at Tally Ho.
   
   It is the Company's opinion that each of the elements included in the Silver equivalent calculation have a reasonable potential to be recovered if the project proceeds to mining, however no metallurgical testing to determine recoveries has been undertaken to date.

*The calculation process and metal prices used in the calculation of Silver equivalents are:


	Metal			Price in AUD		Factors		Value Calculation	Metal value in AUD
		A		B		C
1	Silver		g/t	$15.00	per oz	31.1035	gms per oz	1A x 1B/1C =	M
2	Gold		g/t	$800.00	per oz	31.1035	gms per oz	2A x 2B/2C =	N
3	Copper		%	$4.66	per lb	0.045359	% per lb	3A x 3B/3C =	O
4	Lead		%	$0.66	per lb	0.045359	% per lb	4A x 4B/4C =	P
5	Zinc		%	$2.00	per lb	0.045359	% per lb	5A x 5B/5C =	Q
Sum of metal values								S =	M+N+O+P+Q
Metal equivalent in Silver g/t								ME =	S / 1B x 1C (g/t)

Table 2 - Hole locations for Table 1.



Yours faithfully

D.M. O'Neill
MANAGING DIRECTOR

The information in this report that relates to Exploration Results is based on information compiled by Denis O'Neill, who is a Member of The Australasian Institute of Mining and Metallurgy. Denis O'Neill is a full-time employee of the company.

Denis O'Neill has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Denis O'Neill consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.







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27 September, 2007
ALLOTMENT OF SECURITIES

 The Directors advise that the Company has issued a total of 9,516fully paid ordinary shares. The shares were issued as follows:
• 9,516 at $0.25 per share pursuant to the exercise of MMNO listed options
  
An Appendix 3B form (New issue announcement, application for quotation of additional securities and agreement) detailing the issue is attached.

Yours faithfully,
MACMIN SILVER LTD

Garry Edwards
Company Secretary
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26 September, 2007
CEO TERMS OF EMPLOYMENT

This announcement is required by the ASX.

On 20 September 2007 Macmin Silver Ltd announced the appointment of Garry Edwards as CEO effective 1 October 2007.
Macmin's Remuneration Committee has approved Mr Edwards' remuneration package and the key terms are set out below.

Appointment
The appointment is for 3 years commencing 1 October 2007.
Macmin can terminate the appointment immediately for any act of serious misconduct, incapacity, etc. Macmin can also terminate the appointment for other reasons, in which case, Macmin must pay Mr Edwards 6 months salary.
Mr Edwards can resign by giving 3 months notice and must work the 3 month period or agree with Macmin a shorter period and be paid only for that shorter period.

Remuneration
Mr Edwards' remuneration has two components.
(a) Fixed component
For the first year, Mr Edwards will receive a base salary of $178,500 plus superannuation of 9% being $16,065 plus provision of a motor vehicle for business and personal use. The package is reviewed annually.
(b) Long term incentive
Macmin also uses Macmin options to motivate staff. Prior to his promotion, Mr Edwards had been with the Company as Company Secretary and CFO since November 1998. At the time of his promotion Mr Edwards held 1,200,000 options issued between 13 November 2003 and 14 August 2006. Those options expire between 12 November 2008 and 14 August 2011 and are exercisable at a weighted average exercise price of $0.2833.

Mr Edwards is not a director of the Company and will continue to be eligible for grants of options at the Board's discretion.

Yours faithfully

R.D. McNeil
CHAIRMAN

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26 September, 2007
APPENDIX 3Y - CHANGE OF DIRECTOR'S INTEREST NOTICE - PETER ANDREW McNEIL


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25 September, 2007
DRILLING AT MT GUNYAN INTERSECTS VERY PROMISING SILVER VALUES TO 524g/t

Summary
Macmin Silver Ltd has recently received assay results for the first 12 drill holes of our ongoing drilling programme at Mt Gunyan, which commenced in the first half of the year.

Diamond drilling in the south east of the Mt Gunyan prospect has bolstered current mineralised zones and enhanced the depth potential in this area, while a new mineralised structure has been located to the east of previously identified areas of mineralisation. Highlights of the drill holes are as follows:

MGD9	10m (42-52m) at 110g/t silver, 0.14% lead and 0.11% zinc Including 1m at 524g/t silver and 0.47% lead 2m (126-128) at 80g/t silver and 0.08% zinc
MGD11	2m (12-14) at 72g/t silver and 0.13% zinc

Extension drilling along strike to the north of the known mineralisation at Mt Gunyan has intersected some encouraging results, and leaves the system open to the north-east. Highlights of the drill holes are as follows:

MGP297	4m (12-16m) at 85g/t silver and 0.21% lead 4m (22-26m) at 70g/t silver and 0.14% lead
MGP298	2m (32-34m) at 46g/t silver and 0.10% lead

Re-assaying of MGD1 (drilled in 2002) on a ½ core basis highlights the potential to find areas rich in silver-gold mineralisation below the central section of known mineralisation, with MGD1 returning the following result:


MGD1	1m (152-153) at 592g/t silver and 172g/t gold

Drilling
Initial assay results for the drilling programme commenced at the Mt Gunyan prospect in April 2007 (ASX Release: Exploration Update 15 March 2007) have recently been received and reviewed. The Mt Gunyan prospect is situated within 3km of the Twin Hills Silver Mine, near Texas in South-East Queensland.

Results received from diamond drilling completed to date in the south-east portion of the mineralised system (MGD9 and MGD11) enhances earlier drill results with a best intercept of 10m at 110g/t silver, 0.14% lead and 0.11% zinc from 42m in hole MGD9. Included in this interval is 1m at 524g/t silver, 0.47% lead and 0.14% zinc also from 42m.

A new mineralised structure to the east of previously identified mineralisation has been located with MGD9 returning an intercept of 2m at 80g/t silver and MGD11 returning an intercept of 4m at 55g/t silver.

Tables 1 and 2 show hole location data and best intercepts for all results received to date.

Figure 1 shows the current drilling results on section 5600N in relation to earlier results. The recent results have strengthened the previously identified lodes while increasing the prospectively of depth extensions within this area of the mineralising system.



FIGURE 1: Mt Gunyan Section 5600N



Assay results from the first 10 percussion holes, (MGP293, 295, 297, 298, 300-305 with an average hole depth of 48m and a maximum depth of 60m), which where planned to extend the mineralising system along strike to the north have returned some encouraging results, with the best intercepts of 4m at 85g/t silver and 0.21% lead from 12m and 4m at 70g/t silver and 0.14% lead from 22m in hole MGP297. While hole MGP298 returned a best intercept of 2m at 46g/t silver and 0.10% lead from 32m.

Holes MGP297 and MGP298 are on the north north-east edge of the known mineralisation and leave the system open to the north-east. Best intercepts for all holes are located in Table 1, with Table 2 showing the associated hole location data.

Table 1 - Best Intercepts


Hole No	Interval	Length	Silver	Lead	Zinc
	From To (m)	(m)	g/t	(%)	(%)
MGP293	8 - 28	20	16	0.19	0.08
MGP295		no significant mineralisation
MGP297	0 - 40	40	32	0.09	0.05
	incl. 12 - 16	4	85	0.21	0.03
	and 22 - 26	4	70	0.14	0.05
MGP298	28 - 42	14	21	0.05	0.09
	incl. 32 - 34	2	46	0.10	0.09
MGP300		no significant mineralisation
MGP301		no significant mineralisation
MGP302		no significant mineralisation
MGP303	2 - 8	6	28	<0.01	0.06
MGP304		no significant mineralisation
MGP305		no significant mineralisation
MGD009	6 - 22.13	16.13	32	0.07	0.06
	42 - 60	18	74	0.08	0.14
	incl. 42 - 52	10	110	0.14	0.11
	incl. 42 - 43	1	524	0.47	0.14
	96.82 - 102.45	5.63	43	0.08	0.11
	126 - 128	2	80	<0.01	0.08
MGD011	2 - 20	18	38	0.03	0.10
	incl. 12 - 14	2	72	0.04	0.13
	62.9 - 68.35	5.45	39	0.05	0.06
	72-76	4	55	0.12	0.11

Table 2 - Hole locations for Table 1 data


Hole No	Northing	Easting	Easting	Northing	RL	Depth	DIP	AZI	AZI
	Local Grid	Local Grid	MGA	MGA		(m)		MAG	Local Grid
MGP293	6009	5156	333008	6809817	518.1	57	-90	0	0
MGP295	6057	5278	333126	6809876	514	60	-90	0	0
MGP297	6092	5304	333148	6809913	514.2	60	-90	0	0
MGP298	6100	5333	333177	6809923	516.8	60	-90	0	0
MGP300	6146	5133	332973	6809952	505.7	36	-90	0	0
MGP301	6170	5149	332987	6809977	498.8	40	-90	0	0
MGP302	6200	5167	333003	6810008	500.7	37	-90	0	0
MGP303	6208	5242	333077	6810023	510.3	41	-90	0	0
MGP304	6214	5306	333140	6810034	506.8	36	-90	0	0
MGP305	6200	5351	333186	6810024	511.7	39	-90	0	0
MGD009	5603	5200	333087	6809416	585.6	150	-60	78	93
MGD011	5612	5229	333116	6809428	583	91.5	-60	75	90


Ongoing drilling is currently targeting depth extensions within the central portion (around 5700N) of the known mineralisation, utilising a combination of percussion and diamond drilling techniques. This central area has previously returned some strong silver-gold results (ASX release 17th January 2003), with a best intercept from MGD1 of 1m at 300g/t silver and 43.2g/t gold from 152m. A number of the better intercepts are shown in Table 3, with the associated hole location data in Table 4.

Table 3 - Some better intercepts from historical drilling


Hole No	Interval	Length	Silver	Gold
	From To (m)	(m)	g/t	g/t
MGP1	130 - 160	30	20	2.8
	incl. 130 - 132	2	55	22.6
	and 156 - 158	2	90	12.3
MGD1	149 - 154	5	65	8.8
	incl. 152-153	1	300	43.2
MGRC13	124 - 134	10	69	<0.01
	incl. 126 - 128	2	172	<0.01

Table 4 - Hole locations for Table 3 data


Hole No	Northing	Easting	Northing	Easting	RL	Depth	DIP	AZI	AZI
	Local Grid	Local Grid	MGA	MGA		(m)		MAG	Local Grid
MGD1	5713.5	5212.2	6809528	333089	610	178.2	-60	255	270
MGP1	5710	5211.7	6809524	333089	610	200	-60	255	270
MGRC13	5710	5158	6809519	333036	598	162	-90	0	0


Recent re-assaying (as discussed further below) of the 152-153m zone from MGD1 has returned 1m at 592g/t silver and 172g/t gold, indicating that there is potential to locate very strong silver-gold mineralisation in the deeper sections of this central portion of the Mt Gunyan mineralising system.

Current drilling targeting this central mineralised zone has intercepted 38cm of semi massive sphalerite, galena, pyrite ± silver sulphosalts within a board zone of strong siliceous, carbonate and chlorite alteration. Drill core is currently being processed and will be sent for assay as soon as possible.

This style of mineralisation has not previously been intercepted at Mt Gunyan and opens the potential for more high-grade massive sulphide mineralisation, while the relationship between the massive sulphide mineralisation and the very strong silver-gold mineralisation is yet to be established.

Re-assaying
As a large proportion of the current drilling programme is planned as diamond drilling a review of the ¼ core sampling used for the previously drilled diamond holes (3 holes in total) was undertaken by re-sampling and assaying a section of MGD1 using ½ core. It was anticipated that by assaying a larger sample one would get a more representative result and accommodate any ‘nugget effect' that might be present in areas where higher gold values are located.

Results of the original ¼ core samples and the ½ core samples recently sent for assay, around the 152-153m zone of MGD1 are shown in Table 5. In the area of elevated gold and silver results the ½ core seems to account more fully for all the gold and silver present.

As a result all sampling of diamond core carried out during the current drilling programme will be undertaken on a ½ core basis.

Table 5 - Re-assay results for MGD1


Hole MGD1		1/4 Core Samples		1/2 Core Samples
From	To	Silver (g/t)	Gold (g/t)	Silver (g/t)	Gold (g/t)
150	151	9.4	0.25	8	0.13
151	152	4.4	0.12	3.1	0.03
152	153	300	43.2	592	172
153	154	8	0.46	10	0.25
154	155	4.2	0.03	5.4	0.08


Sampling and Assaying Details
Sampling of percussion holes was undertaken over the full length of each hole on a 2 metre interval basis. Sampling of Diamond Core was undertaken over mineralised and altered zones, sample intervals were determined from geological intervals. In broad zones of alteration 2 metre intervals were selected.

As part of the Company's quality control programme, a duplicate sample is collected about every 20 samples and submitted under a different sample number providing a check on repeatability.

Assaying is carried out by ALS Chemex in Brisbane using the ICP technique for silver, copper, lead, zinc, arsenic and antimony. Gold is assayed by the ICPMS technique.

Assaying Details of the Re-Sampling
Assaying of the ½ core material from MGD1 was carried out by ALS Chemex in Brisbane using the ICP technique for silver, copper, lead, zinc, arsenic and antimony. Gold is assayed by the ICPMS technique, with values greater than 100g/t being fire assayed.



D.M. O'Neill
MANAGING DIRECTOR


The information in this report that relates to Exploration Results is based on information compiled by Denis O'Neill, who is a Member of The Australasian Institute of Mining and Metallurgy. Denis O'Neill is a full-time employee of the company.

Denis O'Neill has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Denis O'Neill consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.


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20 September, 2007
MACMIN SILVER APPOINTS NEW CEO

Mr Denis O'Neill has decided to step down from the role of Managing Director as he is unable to continue in a full-time role for personal and family reasons. He will remain an Executive Director and work in a part-time capacity for the Company.

Mr O'Neill's long association with the Texas Silver Project from exploration to development has helped underpin the growth of Macmin. I am pleased to say that he will remain a valuable member of the Macmin team.

Succession planning has been in progress since 2006 and Mr Garry Edwards, MBA, FAICD, who has been Company Secretary and Chief Financial Officer since 1995, will assume the role of Chief Executive Officer (CEO) effective 1 October 2007. Mr Edwards brings strong financial and management expertise to the CEO's role which the Board considers appropriate as Macmin moves from an exploration company to a mining company.

As a part of the succession planning and, although Mr Edwards will retain his current statutory roles for now, Mr Paul Schultz and Mrs Lisa Hartin have been promoted to Financial Controller and Chief Accountant respectively and Ms Kim Carter will assume additional responsibility in her Assistant Company Secretary role. Mr Edwards' financial background and long association with the Company ensures a smooth transition in the leadership of the Company at an exciting time when commercial production from the Company's first silver mine at Twin Hills is getting underway.

Mr Edgar Newman, who has been with the Company since 1997, will, in the role of Executive Director - Technical, continue to be responsible for most technical aspects for the Company and will work closely with Mr Edwards to maximise shareholder value from existing and new projects. Mr Newman will be assisted in this role by Mr Mark Morrison who was recently appointed as Process Manager/Manager of Metallurgy for the Company.

The Texas site operations continue to be directed by Mr Bill Guthrie, General Manager, and Mr John Magnusson, Senior Site Executive, assisted by recently appointed Mr Vas Vanek as Process Manager.

Yours faithfully

R.D. McNeil
CHAIRMAN

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19 September, 2007
CONVERTIBLE NOTE

Macmin is pleased to announce it has secured agreement for a Convertible Note Facility of US$9million from a US based investment group ("Subscriber"). The arrangement is subject to final due diligence and the Closing Date will be in approximately 14 days.

These funds will be employed towards upgrading the crushing circuit at Twin Hills and to maintain a strong exploration impetus on existing projects and also to evaluate new silver project opportunities.

Commissioning of the Twin Hills silver mine over recent months has highlighted areas within the crushing circuit where improvements can now be made to ensure that long term expansion of production volumes could be achieved. Macmin is currently evaluating a number of alternative additions and improvements to the crushing circuit and having funds ready to apply to the chosen alternative will speed up this strategy. Commissioning of the Electro-winning Plant (EM-EW) has produced sufficient silver powder to provide commercial samples for end-users to evaluate and marketing initiatives are underway. Optimisation tests on parameters such as flow rates, solution temperature and conductivity are advancing to increase the efficiency of silver powder production from the initial 60 EM-EW cells commissioned to date.

The exploration success at the Tally Ho silver project in Central Queensland has focused the Company exploration drive to this area which had no history of silver exploration. Our results have indicated that the area is highly prospective for silver and consequently we have applied for a number of exploration permits in the area and are evaluating a number of silver prospects held by other parties. Funds from the Convertible Note will be deployed in a very active programme to locate silver resources in 2008 in Central Queensland, whilst simultaneously maintaining our exploration activity at Twin Hills, Mt Gunyan and other areas within the Texas Silver Project.

The conditions of the Convertible Note are:-

1. The Subscriber will make available US$9million as a Convertible Loan to Macmin in two tranches of US$4.5million three months apart.
   
2. There will be six repayments of principal, commencing 6 months after the Closing Date. The Company may make repayments in cash, or in shares at 3% discount to the Volume Weighted Average Price ("VWAP") in the pre-determined period prior to issue of the shares.
   
3. The term of the Loan is 3 years with interest rate at 10% per annum payable quarterly in cash.
   
4. Commencing 6 months after Closing Date the Subscriber has a Conversion Right and may require conversion of all or part of the outstanding loan to shares. The conversion right would be at a share price of 150% of the VWAP over the 20 trading days prior to the Closing Date. (For example if the Closing Date was today the Conversion Right would be set at a price of approximately 36 cents per share). If the Subscriber gives notice of a Conversion, the Company still has the right to elect to pay the Subscriber cash instead of shares, paying out the share price gain above the Conversion Price to the Subscriber.
   
5. Macmin will have the right to prepay a portion or all of the Convertible Loan in cash and at par at any time.
   
6. Macmin shall issue the Subscriber options to purchase 5,000,000 shares at $0.48 (the historical high of the shares).
Yours faithfully

D.M. O'Neill
MANAGING DIRECTOR

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10 September, 2007
RE: NEW GUINEA GOLD CORPORATION

SINIVIT MINE UPDATE
MOVING TO COMMERCIAL SCALE PRODUCTION

New Guinea Gold Corporation, in which Macmin Silver Ltd holds approximately 18 million shares (a 15% equity interest), issued the following press release in Canada on 7 September 2007.

Yours faithfully

D.M. O'Neill
MANAGING DIRECTOR

The information in the report to which this statement is attached that related to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Robert McNeil, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Robert McNeil is employed by Macmin Silver Ltd. Robert McNeil has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Robert McNeil consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.








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10 August, 2007
ALLOTMENT OF SECURITIES  

The Directors advise that the Company has issued a total of 332,500 fully paid ordinary shares. The shares were issued as follows:
• 50,000 at $0.15 per share pursuant to the exercise of employee unlisted options
  
• 100,000 at $0.20 per share pursuant to the exercise of employee unlisted options
  
• 182,500 at $0.20 per share pursuant to the exercise of director's unlisted options
An Appendix 3B form (New issue announcement, application for quotation of additional securities and agreement) detailing the issue, and Appendix 3Y (Change of Director’s Interest Notice) are attached.

Yours faithfully,
MACMIN SILVER LTD

Garry Edwards
Company Secretary

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10 July, 2007
TALLY HO YIELDS FURTHER DRILL RESULTS TO 817g/t SILVER AND 12.2% ZINC

Macmin Silver Ltd has recently received the results of an additional 10 holes from the drilling campaign completed at the Tally Ho prospect in May 2007.

Highlights of the recent drill results are as follows:

GRRC38	2m (50-52m)	@	130g/t Silver, 4.1g/t Gold, 0.28% Copper, 0.12% Lead & 0.82% Zinc
	1m (75-76m)	@	132g/t Silver, 0.3g/t Gold, 0.37% Copper & 3.51% Zinc
GRRC40	2m (56-58m)	@	633g/t Silver, 0.3g/t Gold, 0.67% Copper & 9.74% Zinc
	4m (86-90m)	@	129g/t Silver, 0.37% Copper & 1.45% Zinc
	1m (99-100m)	@	74g/t Silver, 0.3g/t Gold, 0.47% Copper, 0.28% Lead & 12.2% Zinc
GRRC41	4m (31-35m)	@	61g/t Silver, 0.2g/t Gold, 0.39% Copper, 0.15% Lead & 4.91% Zinc
GRRC42	1m (50-51m)	@	817g/t Silver, 0.1g/t Gold, 1.42% Copper & 5.77% Zinc
	1m (90-91m)	@	131g/t Silver, 0.1g/t Gold & 0.12% Copper
GRRC49	2m (131-133m)	@	87g/t Silver, 0.25% Copper & 1.65% Zinc
GRRC51	1m (128-129m)	@	139g/t Silver, 0.38% Copper & 0.75% Zinc
GRDD15	1m (123-124m)	@	219g/t Silver


Of particular note above are the high zinc results, which, if a mining of section is developed, would contribute significantly to the total value of the mineralisation.

Results from the second batch of samples received and reviewed for the drilling programme completed in May 2007 at the Tally Ho prospect near Mackay in Central Queensland, support those previously discussed in the ASX release dated 7th June. The best intercepts are shown above and in Table 1 and hole locations in Table 2.

Results for the remaining 12 drill holes will be progressively received over the coming months, with processing of the diamond drill core being ongoing, and samples being despatched for assay on a regular basis over the coming weeks.

On receipt of the final results from the current drilling programme, these will be incorporated with all previous drilling data and a sectional review will be undertaken, with the aim of getting a better understanding of the ore genesis, geometry and size of the Tally Ho breccia pipe / mineralising system and an indication of the average grade of the mineralizing system.

The present objective is to produce a JORC compliant resource by early 2008.

Sampling of reverse circulation holes was undertaken over 1m and 2m intervals within the visual breccia pipe (i.e. mineralized zones) and over 4m intervals through the
un-brecciated, unaltered zones (i.e. non mineralized zones).

Diamond core has been sampled over 1m intervals (1/2 core) within the breccia zones, with the altered margins being sampled over 2m intervals (1/4 core) for 2-4 samples either side of the breccia zones. Most diamond core has only been sampled in the area of the brecciation and alteration.

A few diamond holes have had more extensive sampling over the full length of the hole at 4m intervals out side of the brecciation and alteration zones.

As part of the Company's quality control programme, a duplicate sample is collected about every 20 samples and submitted under a different sample number providing a check on repeatability.

Assaying is carried out by ALS Chemex in Brisbane using the ICP technique for silver, copper, lead, zinc, arsenic, antimony, bismuth and molybdenum. Gold is assayed by the ICPMS technique.

Table 1


Hole No	Interval	Length	Silver	Gold	Copper	Lead	Zinc	Silver Equiv
	From To (m)	(m)	g/t	g/t	(%)	(%)	(%)	(g/t)
GRRC38	50 - 52	2	130	4.07	0.28	0.12	0.82	485
	59 - 60	1	22	0.03	0.18	0.01	5.58	573
	70 - 71	1	29	0.07	0.12	0.03	1.33	180
	75 - 76	1	132	0.31	0.37	0.10	3.51	550
GRRC40	56 - 58	2	633	0.27	0.67	0.05	9.74	1681
	80 - 100	20	48	0.07	0.20	0.07	1.51	235
	incl 80 - 81	1	61	0.09	0.14	0.04	5.28	578
	& 86 - 90	4	129	0.08	0.37	0.01	1.45	344
	& 92 - 93	1	72	0.16	0.43	0.37	0.06	189
	& 99 - 100	1	74	0.31	0.47	0.28	12.2	1314
GRRC41	31 - 35	4	61	0.18	0.39	0.15	4.91	609
	40 - 46	6	31	0.08	0.15	0.03	1.02	161
	58 - 60	2	41	0.04	0.16	0.01	0.57	129
	63 - 65	2	34	0.06	0.12	0.03	0.90	148
GRRC42	50 - 51	1	817	0.12	1.42	0.07	5.77	1654
	66 - 67	1	38	0.21	0.03	<0.01	0.12	66
	74 - 75	1	28	0.24	0.11	<0.01	0.19	82
	77 - 78	1	35	0.06	0.40	0.09	0.01	127
	90 - 91	1	131	0.11	0.12	0.09	0.06	170
	110 - 111	1	64	0.04	0.05	0.19	0.13	93


Table 1 Continued

Hole No	Interval	Length	Silver	Gold	Copper	Lead	Zinc	Silver Equiv
	From To (m)	(m)	g/t	g/t	(%)	(%)	(%)	(g/t)
GRRC43			no significant results
GRRC49	126 - 138	12	39	0.03	0.12	0.01	0.65	126
	incl 131 - 133	2	87	0.03	0.25	0.05	1.65	293
GRRC050	98 - 100	2	75	0.03	0.14	0.03	0.23	128
GRRC51	128 - 129	1	139	0.03	0.38	<0.01	0.75	290
	135 - 144	9	34	0.02	0.11	0.01	0.62	115
GRDD15	114 - 116	2	24	0.04	0.33	0.05	0.02	100
	118 - 119	1	29	0.07	0.32	0.05	<0.01	102
	123 - 124	1	219	0.01	0.01	<0.01	0.02	224
GRDD20	48 - 50	2	37	0.82	0.49	0.13	0.81	264
	56 - 58	2	75	0.05	0.01	<0.01	<0.01	81
	60 - 62	2	37	0.02	0.07	0.02	0.12	65

Note:

1. True widths of the intervals quoted are not listed, as the orientation of the mineralisation is uncertain.
   
2. Macmin Silver Ltd is primarily a silver exploration and mining company and as such reports silver equivalent values to provide shareholders and investors with a more easily quantifiable basis for comparison with other silver-bearing projects where the metal ratios are different from those at Tally Ho.
   
   It is the Company's opinion that each of the elements included in the Silver equivalent calculation have a reasonable potential to be recovered if the project proceeds to mining, however no metallurgical testing to determine recoveries has been undertaken to date.

The calculation process and metal prices used in the calculation of Silver equivalents are:


	Metal			Price in AUD		Factors		Value Calculation	Metal value in AUD
		A		B		C
1	Silver		g/t	$15.00	per oz	31.1035	gms per oz	1A x 1B/1C =	M
2	Gold		g/t	$800.00	per oz	31.1035	gms per oz	2A x 2B/2C =	N
3	Copper		%	$4.66	per lb	0.045359	% per lb	3A x 3B/3C =	O
4	Lead		%	$0.66	per lb	0.045359	% per lb	4A x 4B/4C =	P
5	Zinc		%	$2.00	per lb	0.045359	% per lb	5A x 5B/5C =	Q
Sum of metal values								S =	M+N+O+P+Q
Metal equivalent in Silver g/t								ME =	S / 1B x 1C (g/t)

Table 2

Hole No	Easting	Northing	RL	DIP	AZI	Depth
	MGA	MGA			MAG	(m)
GRRC038	688838.154	7632807.164	277.465	-50	286	100
GRRC040	688840.414	7632785.352	278.866	-50	286	150
GRRC041	688863.949	7632840.216	263.230	-50	286	100
GRRC042	688865.089	7632817.706	263.523	-60	286	154
GRRC043	688900.318	7632846.572	252.843	-50	286	47
GRRC049	688841.444	7632747.330	279.196	-50	286	150
GRRC050	688842.454	7632746.771	278.946	-70	286	130
GRRC051	688841.327	7632731.338	279.720	-50	286	150
GRDD015	688873.480	7632774.652	264.300	-60	286	201.12
GRDD020	688836.788	7632807.794	277.328	-70	286	149.87

Yours faithfully

R.D. McNeil
CHAIRMAN

The information in the report to which this statement is attached that relates to Exploration Results is based on information compiled by Robert McNeil, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Robert McNeil is employed by Macmin Silver Ltd. Robert McNeil has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Robert McNeil consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.



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09 July, 2007
COMMISSIONING CONTINUES AT TWIN HILLS SILVER MINE, TEXAS PROJECT

Commissioning and commercial production of silver has proceeded more slowly than anticipated at the Twin Hills Silver Mine. Fine-tuning of the leach silver recovery circuits is expected to take several more months with silver production gradually building up over this period.

Delays in commissioning were caused primarily by the following:

• A failure in the new jaw crusher, caused by a manufacturing flaw which resulted in this crusher being out of action for 8 weeks. A hire crusher was utilised for part of that time. This problem has been fixed and a claim has been made against the manufacturer.
• The need to recruit and train personnel in the tight supply situation for mining and processing personnel has so far prevented a second crushing shift being implemented. On site training is a priority.
• Problems were encountered with the conveyor - hopper units which slowed the crush, agglomerate and stacking of the heaps (known as the CAS operation). We are currently looking at ways to improve the stacking function.
In addition, the build up of material for processing and a time lag for recovery of metal is a typical feature of heap leach operations. As a result of the above delays silver powder production did not recommence until mid June 2007.

Silver has been building up in the solution pond, which is sized for anticipated production levels, from the irrigation of the lower grade (approx. 59g/t silver) material used to make the initial heaps. This material was processed during optimisation of the screening circuit so that any reduction in recovery of silver due to oversize product would only impact on the lower grade ore. Ore >80g/t silver is now being placed on the heaps, which will result in progressively higher silver leaching rates as further heaps come on line.

The manufacturers, Electrometals, are engaged with Macmin staff in commissioning and fine-tuning the electrowinning plant to efficiently produce a fine silver powder from the leachate solution. Approximately 40kg of silver has been produced during trials on several banks of cells in the plant and work is continuing to determine the optimum plant operating parameters for silver powder production.

Mining to date is as follows:
A total of 385,000 tonnes has been mined as follows:

Ore		116,000 tonnes
Low grade stockpile		54,000 tonnes
Waste		215,000 tonnes

The mining fleet is performing well and is about to be expanded to ensure continuity of ore for processing as production ramps-up. The mining fleet is supplied by a contractor and operated by the Company.

Ore stockpile:
A stockpile of 43,000 tonnes is being maintained ready for crushing.

Processing:


• 73,000 tonnes of agglomerated and stacked ore is under irrigation with leach solution.
• At present there is approximately 3,800kg (122,000oz) of silver estimated as ultimately recoverable in the current heap and the leachate solution.
In late May the appointment of a new Process Manager with extensive heap leach experience provided further opportunities for system optimisation and assisted with the training of processing personnel.

The CAS operation is now operating at close to expected hourly throughput levels, albeit on a single shift per day basis. The Company is evaluating the relative merits of recruiting and training additional personnel to run a second shift as originally intended or increasing the capacity of the CAS circuit to achieve desired throughput using existing personnel.

Yours faithfully

Garry Edwards
Company Secretary

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09 July, 2007
ALLOTMENT OF SECURITIES  

The Directors advise that the Company has issued a total of 53,833 fully paid ordinary shares. The shares were issued as follows:
• 3,833 at $0.25 per share pursuant to the exercise of MMNO options
  
• 50,000 at $0.20 per share pursuant to the exercise of unlisted options
  

An Appendix 3B form (New issue announcement, application for quotation of additional securities and agreement) detailing the issue is attached.

Yours faithfully,
MACMIN SILVER LTD

Garry Edwards
Company Secretary

Download Appendix 3B PDF File [115k]




09 July, 2007
RE: NEW GUINEA GOLD CORPORATION
FIRST GOLD POUR AT SINIVIT

New Guinea Gold Corporation, in which Macmin Silver Ltd holds approximately 18 million shares (a 15% equity interest), issued the following press release in Canada on 7 July 2007.

Yours faithfully

R.D. McNeil
CHAIRMAN

The information in the report to which this statement is attached that related to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Robert McNeil, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Robert McNeil is employed by Macmin Silver Ltd. Robert McNeil has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Robert McNeil consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.





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18 June, 2007

RE-RELEASE OF 7 JUNE ANNOUNCEMENT

The following contains expanded information in the section entitled Silver Equivalents commencing on Page 3.

G M Edwards
Company Secretary

RE-RELEASE OF 7 JUNE ANNOUNCEMENT
TALLY HO DRILLING INTERCEPTS SILVER TO 2330g/t, GOLD TO 23g/t,
AND ENHANCES RESOURCE POTENTIAL

Macmin Silver Ltd has received and assessed the assay results from the initial 10 holes of a 31 hole drilling campaign (5,742 metres) recently completed at the Tally Ho silver project near the town of Mackay in Central Queensland. The results are very encouraging and continue to highlight the near surface prospectivity of the Tally Ho breccia to host significant silver and polymetallic mineralisation.

Highlights of the drill holes are as follows:

GRDD5	-	24m (12-36) @ 132g/t Ag, 0.10g/t Au, 2.79% Zn, 0.25% Cu
	Including	4m (20-24m) @ 190g/t Ag, 0.05g/t Au, 8.11% Zn, 0.37% Cu
GRDD6	-	9m (28-37m) @ 662g/t Ag, 0.43g/t Au, 3.28% Zn, 0.67% Cu
	Including	4m (28-32m) @ 1349g/t Ag, 4.8% Zn, 1.25% Cu and 0.70g/t Au 12m (39-51m) @ 67g/t Ag, 4.20% Zn, 0.22% Cu 1m (161-162) @ 317g/t Ag, 23.0g/t Au
GRDD7	-	4m (63-67m) @ 293g/t Ag, 11.73% Zn, 0.69% Cu, 0.46% Pb
GRDD8	-	23m (23-46m) @ 230g/t Ag, 2.64% Zn, 0.43% Cu, 0.43% Pb
	Including	5m (30-35m) @ 704g/t Ag, 0.68g/t Au, 6.58% Zn, 1.19% Cu, 1.72% Pb 7m (55-62m) @ 233g/t Ag, 0.42g/t Au, 4.26% Zn, 0.39% Cu
GRRC37	-	4m (34-38m) @ 84g/t Ag, 11.15% Zn 2m (41-43m) @ 76g/t Ag, 12.65% Zn

Drilling
The drilling programme which commenced in April 2007, at the Tally Ho Project near Mackay, in Central Queensland, was completed at the end of May 2007. The programme consisted of 18 reverse circulation holes (2362mRC) and 13 reverse circulation pre-collared diamond holes (1780mRC & 1600mNQ). Results for the initial portion of the programme have recently been received, with the best intercepts shown in Table 1.

Results for the remainder of the drill holes (both reverse circulation and diamond drill holes) will be progressively received over the coming months, with processing of the diamond drill core being on going, and samples being dispatched for assay over the coming weeks.

The results received to date support that of the earlier drilling undertaken in 2006, and have again enhanced the grade potential of both Ag (best result 1m (31-32m) at 2330g/t from GRDD6) and Zn (best result 1m (64-65m) at 30.3% from GRDD7), and indicate greater down hole mineralized intervals at these elevated levels than previously encountered. The results received to date suggest that the upper central & northern areas of the breccia pipe / mineralized zone are the most strongly mineralized.

These results also demonstrate the continuity of the silver-zinc mineralization previously encountered and have enhanced the grade potential of the system in terms of both Ag & Zn and to a lesser extent Cu & Pb.

Although gold results are erratic, the potential to locate areas rich in gold-silver mineralization had been identified in the earlier drilling (previous ASX releases) :

GRRC3	-	4m (26-30m) @ 0.98g/t Au, 170g/t Ag, 1.68% Zn, 0.34% Cu, 2.04% Pb
GRRC11	-	6m (112-118m) @ 1.36g/t Au, 109g/t Ag, 2.18% Zn, 0.27% Cu
GRRC29	-	2m (76-78m) @ 1.07g/t Au, 507g/t Ag, 23.3% Zn, 0.72% Cu
GRDD1	-	1m (170-171m) @ 3.34g/t Au, 1010g/t Ag
GRDD2	-	1m (110-111m) @ 12.25g/t Au, 133g/t Ag

And the recent drilling has again supported this with one hole returning the following:

GRDD6 - 1m (161-162m) @ 23g/t Au, 317g/t Ag

The current round of drilling was undertaken on a regular sectional plan, with sections being 20m apart, over a strike length of 180m, in order to infill the previous drilling data and to allow Macmin to determine, with a degree of confidence, the orientation of the breccia pipe / mineralizing system.

On receipt of all assay results, these will be reviewed fully in light of the intersected geology and Macmin hopes to be able to establish the three dimensional ‘picture' of the breccia pipe and associated mineralization, allowing further evaluation of the Tally Ho project.

D.M. O'Neill
MANAGING DIRECTOR

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Denis O'Neill, who is a Member of The Australasian Institute of Mining and Metallurgy. Denis O'Neill is a full-time employee of the company.

Denis O'Neill has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Denis O'Neill consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Table 1


				• Assays				*In ground Value
Hole No.	Interval From To (m)	Length (m)	Silver (g/t)	Gold (g/t)	Copper (%)	Lead (%)	Zinc (%)	Silver Equiv. (g/t)
GRDD5	12-36m incl 20-24m incl 28-34m	24m 4m 6m	132 190 288	0.10 0.05 0.29	0.25 0.37 0.37	0.13 0.35 0.07	2.79 8.11 2.2	450 1021 586
	66-74m	8m	37	0.07	0.07	0.02	0.44	95
	112-157m	45m	26	0.08	0.02	0.01	0.01	36
	161-166m	5m	37	0.18	0.13	0.09	0.01	77
GRDD6	26-66m	40m	184	0.23	0.26	0.01	2.50	483
	incl 28-37m	9m	662	0.43	0.67	0.13	3.28	1132
	incl 39-51m	12m	67	0.20	0.22	0.01	4.20	509
	68-87m	19m	36	0.04	0.13	0.00	0.45	108
	101-105m	4m	51	0.03	0.00	0.14	0.01	73
	161-165m	4m	94	5.84	0.17	0.07	0.01	445
	253-257m	4m	97	0.03	0.01	0.00	0.00	102
GRDD7	56-134m	78m	60	0.07	0.17	0.05	1.28	218
	incl 63-67m	4m	293	0.04	0.69	0.46	11.73	1526
GRDD8	23-46m	23m	230	0.19	0.43	0.43	2.64	586
	incl 30-35m	5m	704	0.68	1.19	1.72	6.58	1647
	52-94m	42m	68	0.15	0.17	0.05	1.80	278
	incl 55-62m	7m	233	0.42	0.39	0.06	4.26	728
	115-147m	32m	44	0.03	0.13	0.00	0.23	94
	incl 123-128m	5m	106	0.02	0.27	0.00	0.63	224
GRRC33	no significant mineralisation
GRRC34	108-112m	4m	40	-	-	-	0.5
GRRC35	no significant mineralisation
GRRC36	56-60	4m	90	-	-	-	0.39
GRRC37	28-52m	24m	40	0.10	0.15	0.19	5.51	585
	incl 34-38m	4m	84	0.14	0.21	0.54	11.15	1170
	incl 41-43m	2m	76	0.18	0.13	0.18	12.65	1274

·       • True widths of the intervals quoted are not listed, as the orientation of the mineralised zone is uncertain.

* Silver Equivalent

Macmin Silver Ltd is a silver exploration and mining company and as such reports silver equivalent values to provide shareholders and investors with a more easily quantifiable basis for comparison with other silver-bearing projects where the metal ratios are different from those at Tally Ho.

It is the Company’s opinion that each of the elements included in the Silver equivalent calculation have a reasonable potential to be recovered if the project proceeds to mining.

The calculation process and metal prices used in the calculation of Silver equivalents are:

	Metal			Price in AUD		Factors		Value Calculation	Metal value in AUD
		A		B		C
1	Silver		g/t	$15.00	per oz	31.1035	gms per oz	1A x 1B/1C =	M
2	Gold		g/t	$800.00	per oz	31.1035	gms per oz	2A x 2B/2C =	N
3	Copper		%	$4.66	per lb	0.045359	% per lb	3A x 3B/3C =	O
4	Lead		%	$0.66	per lb	0.045359	% per lb	4A x 4B/4C =	P
5	Zinc		%	$2.00	per lb	0.045359	% per lb	5A x 5B/5C =	Q
Sum of metal values								S =	M+N+O+P+Q
Metal equivalent in Silver g/t								ME =	S / 1B x 1C (g/t)


The Silver equivalent values are tabulated as silver is the metal of major significance encountered in the drill intercepts since the start of Macmin’s drilling programme. Silver equivalent values will change over time as any one or more metal prices change and are presented to give an indicative guide only. No metallurgical recovery studies have yet been undertaken on this mineralisation.

ASSAYING DETAILS As part of the Company's quality control programme, a duplicate sample is collected about every 20 samples and submitted under a different sample number providing a check on repeatability. Assaying is carried out by ALS Chemex in Brisbane using the ICP technique for silver, copper, lead, zinc, arsenic, antimony, bismuth and molybdenum. Gold is assayed by the ICPMS technique.

Table 2 Co-ordinates (Datum GDA94)


Hole No.	Easting MGA	Northing MGA	RL	DIP	AZI MAG	Depth (m)
GRDD005	688802.092	7632843.126	290.07	-60	106	215.8
GRDD006	688801.147	7632843.661	290.27	-80	106	400.4
GRDD007	688737.391	7632807.215	296.459	-60	106	248.6
GRDD008	688760.927	7632792.951	291.611	-80	106	400.2
GRDD009	688722.585	7632781.422	281.56	-60	106	200.7
GRRC033	688784.232	7632813.964	297.785	-65	90	120
GRRC034	688684.653	7632696.337	268.805	-50	336	120
GRRC035	688684.215	7632695.639	271.005	-70	336	153
GRRC036	688813.48	7632722.571	280.301	-50	286	148
GRRC037	688831.363	7632825.722	277.316	-50	286	100




Sampling Details Sampling of reverse circulation holes was undertaken over 1m and 2m intervals within the visual breccia pipe (ie mineralized zones) and over 4m intervals through the un-brecciated, unaltered zones (ie non mineralized zones). Diamond core has been sampled over 1m intervals (1/2 core) within the breccia zones, with the altered margins being sampled over 2m intervals (1/4 core) for 2-4 samples either side of the breccia zones. Most diamond core has only been sampled in the area of the brecciation and alteration. A few diamond holes have had more extensive sampling over the full length of the hole at 4m intervals out side of the brecciation and alteration zones.



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08 June, 2007
EUROPEAN ROADSHOW
Bob McNeil, Chairman of Macmin Silver Ltd, will undertake a public relations roadshow to various European centres in the second half of June 2007.

Growing international investor interest in silver focussed companies is evidenced by the fact that Macmin Silver Ltd now has a substantial shareholder base resident outside Australia, predominantly in Europe. Roadshows, such as this one being undertaken by the Chairman, Mr Bob McNeil, are important in promoting the ‘Macmin story' to European fund managers, financial analysts and journalists, especially as the company embarks on silver production at its Twin Hills Silver Mine in Southern Queensland.

Mr McNeil will make presentations as follows:


Stockholm	-	18th June 2007
Paris	-	19th June 2007
Brussels	-	20th June 2007
Amsterdam	-	21st June 2007
Monaco	-	22nd June 2007
London	-	26th June 2007
Geneva	-	28th June 2007

D.M. O'Neill
MANAGING DIRECTOR

For further information, contact Judy Bogie - email: jbogie@macmin.com.au.



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07 June, 2007
TALLY HO DRILLING INTERCEPTS SILVER TO 2330g/t, GOLD TO 23g/t,
AND ENHANCES RESOURCE POTENTIAL

Macmin Silver Ltd has received and assessed the assay results from the initial 10 holes of a 31 hole drilling campaign (5,742 metres) recently completed at the Tally Ho silver project near the town of Mackay in Central Queensland. The results are very encouraging and continue to highlight the near surface prospectivity of the Tally Ho breccia to host significant silver and polymetallic mineralisation.

Highlights of the drill holes are as follows:

GRDD5	-	24m (12-36) @ 132g/t Ag, 0.10g/t Au, 2.79% Zn, 0.25% Cu
	Including	4m (20-24m) @ 190g/t Ag, 0.05g/t Au, 8.11% Zn, 0.37% Cu
GRDD6	-	9m (28-37m) @ 662g/t Ag, 0.43g/t Au, 3.28% Zn, 0.67% Cu
	Including	4m (28-32m) @ 1349g/t Ag, 4.8% Zn, 1.25% Cu and 0.70g/t Au 12m (39-51m) @ 67g/t Ag, 4.20% Zn, 0.22% Cu 1m (161-162) @ 317g/t Ag, 23.0g/t Au
GRDD7	-	4m (63-67m) @ 293g/t Ag, 11.73% Zn, 0.69% Cu, 0.46% Pb
GRDD8	-	23m (23-46m) @ 230g/t Ag, 2.64% Zn, 0.43% Cu, 0.43% Pb
	Including	5m (30-35m) @ 704g/t Ag, 0.68g/t Au, 6.58% Zn, 1.19% Cu, 1.72% Pb 7m (55-62m) @ 233g/t Ag, 0.42g/t Au, 4.26% Zn, 0.39% Cu
GRRC37	-	4m (34-38m) @ 84g/t Ag, 11.15% Zn 2m (41-43m) @ 76g/t Ag, 12.65% Zn

Drilling

The drilling programme which commenced in April 2007, at the Tally Ho Project near Mackay, in Central Queensland, was completed at the end of May 2007. The programme consisted of 18 reverse circulation holes (2362mRC) and 13 reverse circulation pre-collared diamond holes (1780mRC & 1600mNQ). Results for the initial portion of the programme have recently been received, with the best intercepts shown in Table 1.

Results for the remainder of the drill holes (both reverse circulation and diamond drill holes) will be progressively received over the coming months, with processing of the diamond drill core being on going, and samples being dispatched for assay over the coming weeks.

The results received to date support that of the earlier drilling undertaken in 2006, and have again enhanced the grade potential of both Ag (best result 1m (31-32m) at 2330g/t from GRDD6) and Zn (best result 1m (64-65m) at 30.3% from GRDD7), and indicate greater down hole mineralized intervals at these elevated levels than previously encountered. The results received to date suggest that the upper central & northern areas of the breccia pipe / mineralized zone are the most strongly mineralized.

These results also demonstrate the continuity of the silver-zinc mineralization previously encountered and have enhanced the grade potential of the system in terms of both Ag & Zn and to a lesser extent Cu & Pb.

Although gold results are erratic, the potential to locate areas rich in gold-silver mineralization had been identified in the earlier drilling (previous ASX releases) :

GRRC3	-	4m (26-30m) @ 0.98g/t Au, 170g/t Ag, 1.68% Zn, 0.34% Cu, 2.04% Pb
GRRC11	-	6m (112-118m) @ 1.36g/t Au, 109g/t Ag, 2.18% Zn, 0.27% Cu
GRRC29	-	2m (76-78m) @ 1.07g/t Au, 507g/t Ag, 23.3% Zn, 0.72% Cu
GRDD1	-	1m (170-171m) @ 3.34g/t Au, 1010g/t Ag
GRDD2	-	1m (110-111m) @ 12.25g/t Au, 133g/t Ag

And the recent drilling has again supported this with one hole returning the following:

GRDD6 - 1m (161-162m) @ 23g/t Au, 317g/t Ag

The current round of drilling was undertaken on a regular sectional plan, with sections being 20m apart, over a strike length of 180m, in order to infill the previous drilling data and to allow Macmin to determine, with a degree of confidence, the orientation of the breccia pipe / mineralizing system.

On receipt of all assay results, these will be reviewed fully in light of the intersected geology and Macmin hopes to be able to establish the three dimensional ‘picture' of the breccia pipe and associated mineralization, allowing further evaluation of the Tally Ho project.

D.M. O'Neill
MANAGING DIRECTOR

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Denis O'Neill, who is a Member of The Australasian Institute of Mining and Metallurgy. Denis O'Neill is a full-time employee of the company.

Denis O'Neill has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Denis O'Neill consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Table 1.


				• Assays				*In ground Value
Hole No.	Interval From To (m)	Length (m)	Silver (g/t)	Gold (g/t)	Copper (%)	Lead (%)	Zinc (%)	Silver Equiv. (g/t)
GRDD5	12-36m incl 20-24m incl 28-34m	24m 4m 6m	132 190 288	0.10 0.05 0.29	0.25 0.37 0.37	0.13 0.35 0.07	2.79 8.11 2.2	450 1021 586
	66-74m	8m	37	0.07	0.07	0.02	0.44	95
	112-157m	45m	26	0.08	0.02	0.01	0.01	36
	161-166m	5m	37	0.18	0.13	0.09	0.01	77
GRDD6	26-66m	40m	184	0.23	0.26	0.01	2.50	483
	incl 28-37m	9m	662	0.43	0.67	0.13	3.28	1132
	incl 39-51m	12m	67	0.20	0.22	0.01	4.20	509
	68-87m	19m	36	0.04	0.13	0.00	0.45	108
	101-105m	4m	51	0.03	0.00	0.14	0.01	73
	161-165m	4m	94	5.84	0.17	0.07	0.01	445
	253-257m	4m	97	0.03	0.01	0.00	0.00	102
GRDD7	56-134m	78m	60	0.07	0.17	0.05	1.28	218
	incl 63-67m	4m	293	0.04	0.69	0.46	11.73	1526
GRDD8	23-46m	23m	230	0.19	0.43	0.43	2.64	586
	incl 30-35m	5m	704	0.68	1.19	1.72	6.58	1647
	52-94m	42m	68	0.15	0.17	0.05	1.80	278
	incl 55-62m	7m	233	0.42	0.39	0.06	4.26	728
	115-147m	32m	44	0.03	0.13	0.00	0.23	94
	incl 123-128m	5m	106	0.02	0.27	0.00	0.63	224
GRRC33	no significant mineralisation
GRRC34	108-112m	4m	40	-	-	-	0.5
GRRC35	no significant mineralisation
GRRC36	56-60	4m	90	-	-	-	0.39
GRRC37	28-52m	24m	40	0.10	0.15	0.19	5.51	585
	incl 34-38m	4m	84	0.14	0.21	0.54	11.15	1170
	incl 41-43m	2m	76	0.18	0.13	0.18	12.65	1274

Notes:
Macmin Silver Ltd is a silver exploration and mining company and as such reports silver equivalent values to shareholders and investors.


1. The silver equivalent values are tabulated, as silver is the metal of major economic significance encountered in the drill intercepts since the start of Macmin's drilling programme. The following metal prices were used in the calculation. Silver AUD$15/oz, copper AUD$4.66/lb, zinc AUD$2.00/lb, lead AUD$0.66/lb, gold AUD$800/oz. Silver equivalent values will change over time as any one or more metal prices change and are presented to give an indicative guide only. No metallurgical recovery studies have yet been undertaken on this mineralisation.
2. True widths of the intervals quoted are not listed, as the orientation of the mineralised zone is uncertain.

ASSAYING DETAILS As part of the Company's quality control programme, a duplicate sample is collected about every 20 samples and submitted under a different sample number providing a check on repeatability. Assaying is carried out by ALS Chemex in Brisbane using the ICP technique for silver, copper, lead, zinc, arsenic, antimony, bismuth and molybdenum. Gold is assayed by the ICPMS technique.

Table 2. Co-ordinates (Datum GDA94)


Hole No.	Easting MGA	Northing MGA	RL	DIP	AZI MAG	Depth (m)
GRDD005	688802.092	7632843.126	290.07	-60	106	215.8
GRDD006	688801.147	7632843.661	290.27	-80	106	400.4
GRDD007	688737.391	7632807.215	296.459	-60	106	248.6
GRDD008	688760.927	7632792.951	291.611	-80	106	400.2
GRDD009	688722.585	7632781.422	281.56	-60	106	200.7
GRRC033	688784.232	7632813.964	297.785	-65	90	120
GRRC034	688684.653	7632696.337	268.805	-50	336	120
GRRC035	688684.215	7632695.639	271.005	-70	336	153
GRRC036	688813.48	7632722.571	280.301	-50	286	148
GRRC037	688831.363	7632825.722	277.316	-50	286	100




Sampling Details Sampling of reverse circulation holes was undertaken over 1m and 2m intervals within the visual breccia pipe (ie mineralized zones) and over 4m intervals through the un-brecciated, unaltered zones (ie non mineralized zones). Diamond core has been sampled over 1m intervals (1/2 core) within the breccia zones, with the altered margins being sampled over 2m intervals (1/4 core) for 2-4 samples either side of the breccia zones. Most diamond core has only been sampled in the area of the brecciation and alteration. A few diamond holes have had more extensive sampling over the full length of the hole at 4m intervals out side of the brecciation and alteration zones.



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29 May, 2007
ALLOTMENT OF SECURITIES

  The Directors advise that the Company has issued a total of 234,782 fully paid ordinary shares. The shares were issued as follows:
• 139,782 at $0.25 per share pursuant to the exercise of MMNO options
  
• 95,000 at $0.20 per share pursuant to the exercise of unlisted options
  

An Appendix 3B form (New issue announcement, application for quotation of additional securities and agreement) detailing the issue is attached.

Yours faithfully,
MACMIN SILVER LTD

Garry Edwards
Company Secretary

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04 May, 2007
MACMIN GRANTED ‘ENVIRONMENTAL AUTHORITY' FOR TWIN HILLS SILVER MINE

Macmin Silver Ltd has been granted an ‘Environmental Authority' (Level 1 non-code compliant mining project) by the Environmental Protection Agency for the Twin Hills Silver Mine at Texas in S.E. Queensland. The Environmental Authority takes effect from 23rd April 2007 with the anniversary date being 1 January each year. This Environmental Authority is granted under the Environmental Protection Act 1994 and includes conditions to minimise environmental harm caused, or likely to be caused, by authorised mining activities.

Macmin looks forward to working with the EPA to ensure all relevant environmental safeguards are fully implemented during the life of the operation at the Twin Hills Silver Mine and subsequent rehabilitation of the mining lease area.

Yours faithfully

D.M. O'Neill
MANAGING DIRECTOR

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04 May, 2007
ALLOTMENT OF SECURITIES

 The Directors advise that the Company has issued a total of 525,467 fully paid ordinary shares. The shares were issued as follows:

• 24,467 at $0.25 per share pursuant to the exercise of MMNO options
  
• 400,000 at $0.20 per share pursuant to the exercise of unlisted options
  
• 100,000 at $0.15 per share pursuant to the exercise of unlisted options

An Appendix 3B form (New issue announcement, application for quotation of additional securities and agreement) detailing the issue, and Appendix 3Y (Change of Director’s Interest Notice) are attached.

Yours faithfully,
MACMIN SILVER LTD

Garry Edwards
Company Secretary

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19 April, 2007
ALLOTMENT OF SECURITIES

 The Directors advise that the Company has issued a total of 102,666 fully paid ordinary shares. The shares were issued as follows:

• 4,678 at $0.25 per share pursuant to the exercise of MMNO options
  
• 130,000 at $0.20 per share pursuant to the exercise of unlisted options

An Appendix 3B form (New issue announcement, application for quotation of additional securities and agreement) detailing the issue, and Appendix 3Y (Change of Director’s Interest Notice) are attached.

Yours faithfully,
MACMIN SILVER LTD

Garry Edwards
Company Secretary

Download Appendix 3B & 3Y PDF File [256k]




13 April, 2007
ALLOTMENT OF SECURITIES

 The Directors advise that the Company has issued a total of 102,666 fully paid ordinary shares. The shares were issued as follows:

• 7,666 at $0.25 per share pursuant to the exercise of MMNO options
  
• 95,000 at $0.20 per share pursuant to the exercise of unlisted options

An Appendix 3B form (New issue announcement, application for quotation of additional securities and agreement) detailing the issue is attached.

Yours faithfully,
MACMIN SILVER LTD

Garry Edwards
Company Secretary

Download Appendix 3B PDF File [220k]



10 April, 2007
RE: NEW GUINEA GOLD CORPORATION

New Guinea Gold Corporation, in which Macmin Silver Ltd holds approximately 18 million shares (a 15% equity interest), issued the following press release in Canada on 5 April 2007.

New Guinea Gold Corporation shares traded as high as CAD$0.72 as a result of this release before closing at CAD$0.62 on the 5th April 2007, valuing the Macmin interest at approximately AUD$12 million.

Yours faithfully

D.M. O’Neill
MANAGING DIRECTOR

The information in the report to which this statement is attached that related to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Robert McNeil, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Robert McNeil is employed by Macmin Silver Ltd. Robert McNeil has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Robert McNeil consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.


05 April, 2007
PRESS RELEASE

18m at 22.60 g/t Gold: 12m at 25.66 g/t Gold and 19m at 19.02 g/t Gold in Grade Control Drilling at Sinivit Project

Gold Production to begin in April


5th April 2007 - Vancouver, BC. New Guinea Gold Corporation ("NGG") continues to define high grade, near surface gold, at the Sinivit Project, Papua New Guinea. NGG has an effective 92% interest in the Project.

Gold assays have been received for the initial program of grade control drilling completed within and across the Southern Oxide Pit area at Sinivit. Assays have been received from fifty-nine reverse circulation drill holes, each approximately 30m in length, that were completed along drill section lines spaced approximately six metres apart.

The drilling program covers a strike length of approximately 100 metres extending from 9780N through to 9876N. The better results are summarised below:

Sinivit Grade Control Summary Assay Data


Hole Number	From	To	Interception Length	Gold
	(m)	(m)	(m)	(g/t)
SGC 0004	10	30	20	2.37
SGC 0008	8	20	12	2.45
SGC 0015	0	12	12	5.93
SGC 0023	10	20	10	10.17
SGC 0025	0	10	10	7.13
SGC 0029 Incl.	2 14	20 16	18 2	22.60 60.6
SGC 0031 Incl.	4 6	16 8	12 2	25.66 64.7
SGC 0032	0	10	10	9.84
SGC 0033	20	28	8	6.88
SGC 0046	18	30	12	8.52
SGC 0042 Incl.	6 18	25 20	19 2	19.02 60.1
SGC 0039	0	8	8	7.43
SGC 0040	4	8	4	26.47
SGC 0043	12	24	12	10.95
SGC 0044	0 22	20 28	20 6	4.04 10.22


Note: The intervals above use a 0.5g/t gold cutoff, no high grade top cut has been applied

Complete assay results and hole location data for all 59 holes are attached as an appendix.

Bob McNeil CEO of NGG stated: "These results are quite exciting and much higher than results from earlier resource definition drilling. They correspond to the sub-surface extensions of trench results, such as 13m at 13.5g/t gold, released on 15th February 2007. The new drill results represent the best drill results encountered at Sinivit and all are near surface. These drill results correspond with original resource drilling results illustrated on Resource Outline Sections 9822N, 9845N, and 9864N (see sections under Sinivit Project, www.newguineagold.ca). There appears to be several times the amount of gold present in the new drill holes than in the original resource drill holes. For example the original intersections used on the resource estimate on Section 9845N were: 4m at 9.41g/t gold, 2m at 1.03g/t gold, 4m at 1.8g/t gold and 5m at 2.65g/t gold. The new intersections on Section line 9840N included 12m at 25.66g/t gold and 10m at 9.88g/t gold. All intersections on these lines are shown in the appendix. On section 9864N the best result in the original drilling was 14m at 9.75g/t gold whereas in this phase of drilling 19m at 19.02g/t gold was intersected.

Of the two trenches completed at the central and northern zones, the central zone width of 30m at 2.54g/t gold is particularly encouraging.

The high grade oxide gold mineralisation confirmed by the drilling will be accessed during the start up of open pit mining at the southern oxide zone, allowing early treatment of high grade gold mineralisation".

The grade control trench data are as follows:


Central Zone Assay Summary
Total Trench Length 74.00 metres
Trench Number	From (m)	To (m)	Interval	Au
1	16	46	30.00	2.54
including	16	20	4.00	5.33
	32	36	4.00	3.66
	38	46	8.00	3.26
Northern Zone Assay Summary
Total Trench Length 36.80 metres
Trench Number	From (m)	To (m)	Interval	Au
1	0.00	2.00	2.00	1.51
	7.80	11.80	4.00	1.90
	13.80	19.80	6.00	0.82
	21.80	28.80	7.00	2.05
	34.80	36.80	2.00	2.71
Note: the above intervals use a nominal 0.5g/t gold cut-off

All the assay data has been loaded into the geological database and ore block interpretation using Surpac Vision mining software is in progress.

Reverse circulation drilling continues to progress satisfactorily in the northern area of the Southern Oxide Pit. Approximately forty holes with an average hole depth of thirty metres remain to be completed.

All samples are partly prepared with initial crushing and splitting down to 500 grams at site with further preparation and analysis at accredited ALS Chemex laboratories in Townsville, Queensland, Australia.

Initial gold production at Sinivit is expected to begin later this month.
Investors are cautioned that the development of Sinivit is proceeding in the absence of a full feasibility study. These evaluations are preliminary in nature and are based entirely on indicated mineral resources, which have not been categorized as mineral reserves. There is no assurance that the operating and financial projections in the preliminary assessment will be realized. Mineral resources that are not reserves do not have demonstrated economic viability. Measured and indicated mineral resources are that part of a mineral resource of which quantity and grade can be estimated with a level of confidence sufficient to allow the application of technical and economic parameters to support mine planning and evaluation of the economic viability of the deposit. An inferred mineral resource for which quantity and grade can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified.

For further information contact Forbes West toll free at 888 655 5532, email forbes@sherbournegroup.ca or Judith O'Quinn at 604 662 3598, email ngg@telus.net

The technical data in this release was prepared by or under the supervision of Robert D. McNeil, CEO of New Guinea Gold Corporation. Mr McNeil has an MSc in Geology, 45 years mining industry experience, is a Fellow of the Australian Institute of Mining and Metallurgy, and meets the requirements of NI 43-101 for a qualified person.

The TSX Venture Exchange has not reviewed and does not accept the responsibility or the adequacy of this release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.

ON BEHALF OF THE BOARD

"R.D. McNeil"
Chairman & CEO

Appendix:

Drill hole assay and location data (nsa indicates no results above 0.5g/t gold)


Sinivit Detailed Assay Data (above 0.5g/t gold cut-off)
Section Line	Hole Number	From	To	Interval	Gold
(northing)		(m)	(m)	(m)	(g/t)
9780N	SGC0001	2	4	2	1.06
	SGC0100	0	30	-	nsa
	SGC0101	0	30	-	nsa
9786N	SGC0002	0	30	-	nsa
	SGC0003	0	2	2	1.06
		22	24	2	0.52
	SGC0102	0	30	-	nsa
	SGC0103	22	24	2	0.50
9792N	SGC0004	0	2	2	1.13
		2	4	2	1.09
		10	12	2	4.97
		12	14	2	3.11
		14	16	2	3.31
		16	18	2	3.81
		18	20	2	1.51
		20	22	2	0.62
		22	24	2	0.20
		26	28	2	0.36
		28	30	2	4.79
	SGC0005	18	20	2	0.79
		28	30	2	0.60
	SGC0104	0	2	2	3.59
		4	6	2	3.57
		6	8	2	0.90
	SGC0105	0	30	-	nsa
9798N	SGC0006	26	27	1	0.83
	SGC0007	0	30	-	nsa
	SGC0008	8	10	2	2.22
		10	12	2	3.00
		12	14	2	4.96
		14	16	2	1.94
		16	18	2	0.96
		18	20	2	1.62
	SGC0106	0	30	-	0.10
	SGC0107	0	2	2	1.67
9804N	SGC0009	0	30	-	nsa
	SGC0010	2	4	2	0.71
	SGC0011	0	27	-	nsa
	SGC0108	0	30	-	nsa
	SGC0109	0	30	-	nsa
Section Line	Hole Number	From	To	Interval	Gold
9810N	SGC0012	0	30	-	nsa
	SGC0013	0	30	-	nsa
	SGC0110	8	10	2	1.59
		10	12	2	0.87
	SGC0111	0	30	-	nsa
	SGC0112	0	30	-	nsa
9816N	SGC0014	0	30	-	nsa
	SGC0015	0	2	2	7.03
		2	4	2	10.40
		4	6	2	0.91
		6	8	2	12.20
		8	10	2	3.86
		10	12	2	1.19
	SGC0016	0	15	-	nsa
	SGC0017	0	2	2	1.29
		14	16	2	1.80
	SGC0018	10	12	2	0.64
9822N	SGC0019	0	2	2	2.22
		8	10	2	1.43
	SGC0020	0	2	2	1.70
		2	4	2	0.57
		8	10	2	1.30
		10	12	2	2.65
	SGC0021	4	6	2	3.52
		14	16	2	0.52
	SGC0022	0	16	-	nsa
	SGC0023	10	12	2	1.14
		12	14	2	39.10
		14	16	2	7.86
		16	18	2	2.15
		18	20	2	0.59
9828N	SGC0024	4	6	2	0.87
		6	8	2	1.82
		8	10	2	0.94
		12	14	2	1.67
	SGC0025	0	2	2	0.76
		2	4	2	1.57
		4	6	2	0.56
		6	8	2	5.96
		8	10	2	26.80
	SGC0026	20	22	2	2.50
	SGC0027	0	2	2	1.45
		12	14	2	2.58
		16	18	2	0.65
		18	20	2	0.90
		20	22	2	13.45
		22	24	2	1.26





Section Line	Hole Number	From	To	Interval	Gold
9834N	SGC0028	0	14	-	nsa
	SGC0029	2	4	2	28.90
		4	6	2	23.00
		6	8	2	22.60
		8	10	2	16.55
		10	12	2	10.35
		12	14	2	8.36
		14	16	2	60.60
		16	18	2	27.30
		18	20	2	5.73
	SGC0030	0	2	2	3.53
		2	4	2	2.21
		4	6	2	4.30
		6	8	2	5.41
9840N	SGC0031	4	6	2	17.20
		6	8	2	64.70
		8	10	2	25.50
		10	12	2	19.45
		12	14	2	14.45
		14	16	2	12.65
	SGC0032	0	2	2	3.93
		2	4	2	27.50
		4	6	2	6.74
		6	8	2	7.41
		8	10	2	3.63
	SGC0033	8	10	2	0.50
		20	22	2	2.03
		22	24	2	11.05
		24	26	2	9.01
		26	28	2	5.43
	SGC0034	0	18	-	nsa
	SGC0036	8	10	2	1.43
9846N	SGC0035	8	10	2	0.84
		10	12	2	0.92
		12	14	2	0.95
		14	16	2	0.77
		16	18	2	0.74
		18	19	1	2.21
9858N	SGC0045	0	2	2	3.03
		2	4	2	1.54
		4	6	2	0.71
		8	10	2	0.56
		10	12	2	0.51