6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month                                                                                                                 March  2003

QUEENSTAKE RESOURCES LTD.

712C 12^th Street, New Westminster, B.C. V3M 4J6

(Address of principal executive office)

(indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40 F.

Form 20-F     Form 40 F  

(indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.  

Yes       No  

(If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

82-565  (20-F Registration Commission File Number: 0-24096)

DOCUMENTS FILED:            Press release NR2003-6

DESCRIPTION:                       Queenstake Resources Ltd. update on Jerritt Canyon Acquisition

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 QUEENSTAKE RESOURCES LTD.

                         (Registrant)

Date  March 28, 2003

By      “Doris Meyer”

            (Signature)

                                 Doris Meyer, Corporate Secretary, CFO

       Queenstake Resources Ltd.

EX-1

News Release 2003-06                                                                                                                             March 28, 2003

TSX – QRL – Queenstake Resources Ltd.  

SEC file number 0-24096

JERRITT CANYON ACQUISITION UPDATE

Queenstake Resources Ltd. and the sellers of Jerritt Canyon have mutually agreed to defer closing of the transaction to April 7, 2003 from March 31, 2003.  

As announced on February 27, 2003 (QRL News Release 2003-4 – February 27, 2003), Queenstake entered into a Purchase and Sale Agreement with AngloGold (Jerritt Canyon) Corp. and Meridian Jerritt Canyon Corp. to acquire the Jerritt Canyon Mine, located in the Independence Mountain Range of Nevada.  

Closing is subject to a number of conditions, including obtaining the necessary regulatory approvals and Queenstake completing the required financing.  Financing for the acquisition will be provided by a combination of debt, royalty and equity.  

For further information call:

Chris Davie, President and Chief Executive Officer – 303-297-1557

Doris Meyer, Vice President Finance and Chief Financial Officer – 604-516-0566

email – info@queenstake.com    web – www.queenstake.com

The TSX has neither reviewed nor accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange act of 1934, as amended and the Private Securities Litigation Reform Act of 1995.  All statements, other than statements of historical fact, included in this release, and Queenstake’s future plans are forward-looking statements that involve various risks and uncertainties.  There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.  Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and Queenstake does not undertake any obligation to update forward-looking statements should conditions or management’s estimates or opi nions change.

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