Exhibit 10.2.4 - English Translated Version of Portuguese Document

                          MEMORANDUM OF UNDERSTANDING

By this present agreement entered into by, on the one side, SUPPLY CONSULT, a
company with its Head Office in Germany at Karolinen Platz 5, 80333, Muenchen,
hereinafter referred to as "SUPPLY", in this act represented by its Director
General, Hans W. Biener, bearing the passport no. 3208063701 issued by the
Federal Republic of Germany, and on the other side, Antonio Garcia Bernardes,
Brazilian, married, businessman, bearing the Identity Card No. RG4332202 issued
by SSP-PA, and duly enrolled in the Individual Taxpayer's Register under no. CIC
004.881.192-00, and Galdino Antonio da Silva Luz, Brazilian, married, aeronaut
and miner, born in Porto Alegre, RS, bearing the Identity Card No. RG 177562
issued by SSP-RR, and duly enrolled in the Individual Taxpayer's Register under
no. CIC 161.023.550-91, and also counterpart of the signing miners, both with
address at Av. Dr. Hugo de Mendon a no. 420, Caixa Postal 034 - Bairro Centro,
in the city of Itaituba, state of Para, Postal Code 68181-970, hereinafter
referred to as 'GARIMPEIROS", and all parties collectively referred to as
"CONTRACTING PARTIES", and the representative of each side hereinafter referred
to jointly as Counterparts.

OBJECT: Agromineral Santa Clara, hereinafter named GARIMPO, of the property of
the GARIMPEIROS, thus referred to in this instrument, in partnership holding
equal shares, as specified in ANNEX A of this instrument, this object is made up
of 2 (two) blocks of areas with distinct titles and which, after an appraisal of
the geological potential by and being of interest to SUPPLY, will result in a
business transaction, following the terms and conditions as specified in item
2.3 below.
                                     ANNEX A
<TABLE>
<CAPTION>
----------------------------------  --------------------------------------
Antonio Garcia Bernardes (block 1)  Galdino Antonio da Silva Luz (block 2)
----------------------------------  --------------------------------------
<S>                                 <C>
DNPM number 852718/94-Area-l        DNPM number 852741/94-Area-02
DNPM number 852719/94-Area-3        DNPM number 852742/94-Area-04
DNPM number 852720/94-Area-5        DNPM number 852743/94-Area-06
DNPM number 852721/94-Area-7        DNPM number 852744/94-Area-08
DNPM number 852722/94-Area-9        DNPM number 852745/94-Area-l0
DNPM number 852723/94-Area-12       DNPM number 852746/94-Area-l1
DNPM number 852724/94-Area-l4       DNPM number 852747/94-Area-l3
DNPM number 852725/94-Area-l6       DNPM number 852748/94-Area-l5
DNPM number 852726/94-Area-l8       DNPM number 852749/94-Area-l7
DNPM number 852727/94-Area-20       DNPM number 852750/94-Area-l9
DNPM number 852728/94-Area-22       DNPM number 852751/94-Area-21
DNPM number 852729/94-Area-24       DNPM number 852752/94-Area-23
DNPM number 852730/94-Area-26       DNPM number 852753/94-Area-25
DNPM number 852731/94-Area-28       DNPM number 852754/94-Area-27
DNPM number 852732/94-Area-30       DNPM number 852755/94-Area-29
DNPM number 852733/94-Area-32       DNPM number 852756/94-Area-31
DNPM number 852734/94-Area-34       DNPM number 852757/94-Area-33
DNPM number 852735/94-Area-36       DNPM number 852758/94-Area-35
DNPM number 852736/94-Area-38       DNPM number 852759/94-Area-37
----------------------------------  --------------------------------------


<PAGE>
----------------------------------  --------------------------------------
DNPM number 852737/94-Area-40       DNPM number 852760/94-Area-39
DNPM number 852738/94-Area-42       DNPM number 852761/94-Area-41
DNPM number 852739/94-Area-43
DNPM number 852740/94-Area-44
----------------------------------  --------------------------------------
</TABLE>

Complement to ANNEX A:

A. WHEREAS the GARIMPEIROS are the titleholders of certain mineral rights
located in the region of the Basin of Crepori River and around some of its arms,
Garimpo Santa Clara located in the mineral bearing grounds of Marupa II and
Surubim, in the Municipality of Itaituba, State of Para, which rights refer to
PLG DNPM processes mentioned in ANNEX A, with assured priority, which rights
include the possession of the surface area, according to the location map and
with the description brief, doc. ANNEX A, 1, 2 and 3 which are included for the
purpose of this instrument, herereinafter referred to as GARIMPO, being the said
mineral rights, in two blocks with distinct titles, for the better
understanding, specified in ANNEX A of this instrument.

B. WHEREAS SUPPLY wishes to explore and assess the gold potential and have an
option to acquire title to the mineral rights of GARIMPO, and for such purpose
has been granted access to information gathered on site by the GARIMPEIROS, who
agree to this, with the knowledge that the work done is at SUPPLY's expense and
risk.

C. WHEREAS SUPPLY has the necessary technology to carry out the survey and
economic exploration of the gold mineral reserves as well as the resources to
develop such activities in the GARIMPO.

D. WHEREAS the CONTRACTING PARTIES wish to enter into and celebrate an Agreement
for the Assignment and Transfer of Mineral Rights and for such purpose SUPPLY
will appoint a person of trust to act on its behalf by means of a specific
agreement which is hereto attached. In order to preserve the negotiation, the
parties agree to execute this temporary instrument, hereinafter referred to as
"MEMORANDUM OF UNDERSTANDING", and having as its object the establishment of the
right and obligations of the CONTRACTING PARTIES among themselves and any third
party. A definitive Agreement for the Assignment and Transfer of Mineral Rights
shall be celebrated by the parties at a later stage, following the terms and
conditions outlined in the clauses ahead.

E. WHEREAS SUPPLY, in order to maintain the Assignment and the Option to
eventually celebrate a definitive Assignment and Transfer Option of Mineral
Rights Agreement, agrees to carry out a due diligence within 90 (ninety) days;
and for such purpose, the CONTRACTING PARTIES have decided to enter into and
celebrate this "MEMORANDUM OF UNDERSTANDING", according to the following terms
and conditions:

1.     EVALUATION AND STATEMENT OF INTEREST
1.1 In view of that specified in item B of this agreement, SUPPLY has the right
to duly and in detail appraise the GARIMPO, in consideration of the
authorization now being granted to SUPPLY.


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<PAGE>
1.2 SUPPLY shall be authorized, subsequent to what is being granted, upon
payment through a bank deposit in favour of ANTONIO GARCIA BERNARDES, chequing
account no. 275-5 with Bank Branch 759-5, in the city of ITAITUBA, PA, which the
GARIMPEIROS will indicate to SUPPLY. The amount is in Brazilian currency, and
for this purpose, the commercial rate of exchange for the purchase and sale of
US currency prevailing in Rio de Janeiro will be used, on the business day prior
to the payment at the exchange rate used by SUPPLY or as informed in the
newspaper "Gazeta Mercantil" or, in its absence, in another major daily
newspaper.

1.3 The GARIMPEIROS, as from the date of the execution hereof and for a period
of 90 (ninety) days, undertake not to assign, transfer, encumber or lien the
mineral rights comprised in the GARIMPO, as, according to the terms and
conditions set forth in this instrument, they agree to make available to SUPPLY
all information available to inspect and examine all and any data it might have
access to in regard to the GARIMPO. During this period, SUPPLY shall make site
visits, examine the data and decide to exercise its option to acquire the
GARIMPO. In case SUPPLY decides to exercise its option to acquire GARIMPO, it
shall notify the GARIMPEIROS of its decision at least five (5) days prior to the
expiration of the abovementioned period.

2.     ASSIGNMENT AND TRANSFER OPTION OF MINERAL RIGHTS

2.1 In accordance with item 2.2 of this agreement, having SUPPLY notified the
GARIMPEIROS of its interest to acquire the GARIMPO, the parties hereby shall
celebrate an Agreement for the Assignment and Transfer of Mineral Rights and
Other Covenants, within a maximum period of 90 days, which will establish and
govern the terms and conditions of the transfers, as well as to register such
agreement before the DNPM, provided it agrees to pay as price for the assignment
of the mineral rights and the possession rights, the values established as
follows:

<TABLE>
<CAPTION>
                                                            Payment
                          Date                                US$

<S>  <C>                                                   <C>
I    30.11.2005 (as stipulated in items 1.2 and 1.3)          25,000
II   30.05.2006 (as stipulated in items 1.2 and 1.3)          75,000
III  30.05.2007 (as stipulated in items 1.2 and 1.3)         100,000
IV   30.05.2008 (as stipulated in items 1.2 and 1.3)         150,000
V    30.05.2009 (as stipulated in items 1.2 and 1.3)       1,850.000
</TABLE>

2.2 The GARIMPEIROS agree to, immediately after SUPPLY confirms the interest
over the Mineral Rights comprised in the GARIMPO, assign and transfer the said
rights, upon payment (I) which will take place with the registration of the
transferred right and upon confirmation of its priority, which shall permit
SUPPLY to execute in the GARIMPO for a period of 42 (forty-two) months as from
the date of this agreement, assessment work and geological survey which it deems
necessary to ascertain the existence of possible primary deposits which may be
economically explored, and therefore, its interest in purchasing or not the
respective mineral rights. It should be noted that during the geological
assessment of the GARIMPO, the GARIMPEIROS may develop works therein provided
that work in the said mining site does not interfere with SUPPLY's research
activities, in which case the miners will need to stop their


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<PAGE>
work. Whenever necessary, or as far as possible, SUPPLY will guide the
GARIMPEIROS as to how their work may be carried out to avoid stoppage.

2.3 All the productive activities are concentrated in a segment of the Highway
63 which links the cities of Cuiaba and Santarem, comprising the area of
interest of the CONTRACTING PARTIES. Therefore, the Parties shall take all the
necessary actions, jointly or separately and in the most convenient way to
defend the interests of the GARIMPO. Regarding the ownership, the GARIMPEIROS
declares to be the legitimate and sole owners of the areas comprising the
GARIMPO, and therefore, the mining results, right to rental or any
indemnifications are included in the prices established in clause 2.1 above. For
such purpose, the GARIMPEIROS agree to the best of their ability to provide to
SUPPLY with technical, legal and operational support, as well as undertake to
endeavour their best efforts to give SUPPLY any information it might have access
to with respect to the GARIMPO, and to take all actions necessary for the
expeditious registration of the documents needed in order for the Agreement to
be implemented, with SUPPLY being responsible for the financial expenses
incurred to obtain such results.

2.4 After the registration of the Exploration Agreement, SUPPLY may transfer to
any third parties, the mineral rights granted to it under this Agreement,
provided there is an inclusion of a clause in this regard.

2.5 At any time before the Option exercise, SUPPLY will be entitled to terminate
the Agreement and drop the GARIMPO PROJECT regardless of the motive, being
henceforth free of any and all payment commitments yet to be due. If SUPPLY
decides to exercise its option to terminate the agreement, it shall assign back
to the GARIMPEIROS within 15 days the Mining Rights object of this agreement
together with a detailed technical report which shall include all and any
information gathered to date.

2.6 The CONTRACTING PARTIES will be liable for a jointly follow-up before the
DNPM in regard to the Mineral Rights comprised in the GARIMPO, especially
regarding exploration permit requests, with all the expenses incurred of the
responsibility of SUPPLY.

2.7 Each of the CONTRACTING PARTIES herein will be liable for any and all
environmental damages resulting from their activities carried out in the
GARIMPO. In this regard, the GARIMPEIROS are responsible for the environmental
damages caused up to the signing of this agreement.

3.     CONFIDENTIALITY

3.1 The terms and conditions of this Agreement as well as all and any technical
and financial information pursuant to the GARIMPO constitute confidential
information of the CONTRACTING PARTIES and shall not be disclosed, divulged or
made known to any third party or published without previous written consent of
the non-disclosing party. Exception to the confidentiality obligation will be
the case in which any of the CONTRACTING PARTIES needs to disclose said
information as a result of it being linked to the stock market and disclosure is
required by law.


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<PAGE>
4.     COMMUNICATION

4.1 Any notice among the parties related to this agreement shall be given in
writing and shall be deemed to be effectively given upon personal delivery, or
by registered letter or upon receipt of transmission by fax or cable, provided
there is an acknowledgement of receipt. Such notices shall be sent to each party
representative herein established.

5.     REPRESENTATIONS AND WARRANTIES

5.1 Each of the PARTIES herein represents and warrants to each other that:
(a) they are corporations duly incorporated and validly existing and in good
standing under the laws of their countries, and have the power, capacity and
authority to enter into and perform this Agreement and all transactions
contemplated herein;
(b) there are no provisions in their By-laws, statutes or agreements of which
they are a party or object which may prevent the celebration and execution of
this Agreement;
(c) The celebration of the Agreement will not result in a default under any
agreement or instrument to which the parties are a party, as well as will not
infringe any applicable laws, regulations, suits, decree or rule which they
might be obliged to obey or any arrangement, waiver, or agreement of which it is
a party;
(d) There are no pending liabilities, warranties, pledge, or any other
obligations which might significantly in any way interfere with the mineral
rights object of the Agreement, and said rights are free and clear of any
claims, liens or encumbrances;
(e) In respect of the mineral rights herein referred to, there are no
contractual obligations in respect to royalties, finder's fee and/or any other
contribution to any landowners, occupiers or third parties; and to ensure good
execution of the appraisal, the miners owners of the GARIMPO, authorize SUPPLY
to use the "AERODROMO" called AGROMINERAL SANTA CLARA, alter its configuration
and access routes, facilities and other improvements at its own expense and
risk.

6.     AMENDMENTS AND PREVIOUS EVENTUAL AGREEMENTS AND GENERAL CONDITIONS

6.1 This agreement represents and comprises all the understanding and
commitments agreed amongst the PARTIES, and replaces or overlaps any and all
previous agreements and negotiations, verbal or written, with regard to the
issues herein addressed.

6.2 By this agreement the signatories, their successors and any authorized
assignees are obliged to comply with the terms and conditions set forth herein.

6.3 This agreement shall not be amended, in its parts or as a whole, except when
previously agreed amongst the parties, and provided that such changes are done
upon a written consent, executed and signed by a Counterpart, thus established,
with a representative of each party.

6.4 No tolerance by any of the CONTRACTING PARTIES with regard to any future
defaults in the compliance of this instrument shall constitute an amendment or
novation of the conditions agreed upon herein.


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<PAGE>
6.5 This agreement and its annexes, which after being signed by the CONTRACTING
PARTIES and the witnesses will make an integral part of this instrument,
represent the whole agreement entered into by the Parties, and shall govern and
regulate their activities, according to the terms and conditions set forth
hereto. No other business carried amongst the parties, except for the one
established herein, shall be accepted as valid unless it proves to be an
amendment to this agreement.

6.6 The terms set forth in this agreement are valid and binding and shall
regulate and govern the business amongst the CONTRACTING PARTIES, until a
definitive Agreement is executed which is expected to occur by 25NOV05.

6.7 The CONTRACTING PARTIES declare and warrant that they will grant an
extrajudicial, executive power to this agreement, with full force, according to
the terms established (in item II, article 621 of the Code of Civil Procedure,
Law no. 8953/94). "Complement with the provisions given between the brackets".

7.    GOVERNING LAW AND DISPUTE RESOLUTION

7.1 This agreement shall be governed by the laws of Brazil.

7.2 The Parties hereby agree that any and all dispute arising from this
agreement shall be resolved at the Main Court of the city of Rio de Janeiro,
State of Rio de Janeiro, with the waiver of any other, prevailing over any
others. However, the parties are entitled to solve any dispute by means of
arbitration at the court of the city of Rio de Janeiro, provided that they have
reached this decision by mutual agreement.

IT WITNESS WHEREOF, the parties execute this instrument in 3 (three)
counterparts of identical tenor and form, in the presence of the witnesses
below, who also subscribe this instrument, for all legal effect.


Itaituba, Pa, September 05, 2005

/s/ "Galdino Antonio da Silva Luz"         /s/ "Antonio Garcia Bernardes"
----------------------------------         ------------------------------
(Signature)                                (Signature)
Galdino Antonio da Silva Luz               Antonio Garcia Bernardes
RG 177562-SSP/RR                           RG 4332202-SSP/PA
                                  GARIMPEIROS
                              /s/ "Hans W Biener"
                              -------------------
                                  (Signature)
                                 Hans W. Biener
                            Passport no. 3208063701
                                     SUPPLY

Witnesses


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<PAGE>
1) (Signature)        signature not legible
                      ---------------------
2)  (Signature)       signature not legible
                      ---------------------

Notary Public stamp signed and dated 05SEP05 in Itaituba, authenticating the two
signatures above with a hand icon stamp pointed to them.

Stamp and signature of Notary Public dated 20SEP05 in Rio de Janeiro,
authenticating the signature of HANS W. BIENER.


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<PAGE>
                                DESCRIPTION BRIEF


OCCUPANT:
PROPERTY:                                        MUNICIPALITY: Itaituba
AREA: 2,182.8809 Ha                              STATE: Para
PERIMETER: 21,724.66m                            LOT:
MINERAL BEARING GROUNDS: Marupa II/ Surubim


                              LIMITS AND OUTLINES

NORTH: Garimpo do Careiro / Track of Barroso

EAST: Track of Barroso / Mineral and Vegetal Extraction Station of Dois Irmaos

SOUTH: Garimpo Santa Maria

WEST: Liberdade Track


                            DESCRIPTION OF PERIMETER

Starting from Milestone M-1, defined by the geographic coordinates of Latitude 7
degrees 03' 46.9" South and Longitude 56 degrees 45' 05.3" West, Ellipsoid SAD
69 and by the plane coordinate UTM 9,219,275,000m North, 527,447,000m East,
referred to central meridian 57 WGr, followed with plane azimuth of 90 degrees
00' 00", and distance of 2,553.00 metros, arriving at milestone M-2; from here,
following with plane azimuth of 180 degrees 00' 00", and distance of 1,775.00
metros, arriving at milestone M-3; from here, following with plane azimuth of
119 degrees 57' 24", and distance of 1,073.00 meters, arriving at milestone M-4;
from here, following with plane azimuth of 90 degrees 00' 00", and distance of
2,199.00 metres, arriving at milestone M-4; from here, following with plane
azimuth of 180 degrees 00' 00", and distance of 2,414.00 metres, arriving at
milestone M-6; from here, following with plane azimuth of 270 degrees 00' 00",
and distance of 3,072.00 metros, arriving at milestone M-7; from here, following
the natural limit with the Crepori River with a distance of 967.26 metres,
arriving at milestone M-8; from here, following with plane azimuth of 270
degrees 00' 00", and distance of 2,115.00 metres, arriving at milestone M-9;
from here, following with plane azimuth of 0 degrees 00' 00", and distance of
5,556.00 metres, arriving at milestone M-1, which is the starting point of the
description of this perimeter.


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