Campbell Resources Inc. Common Shares 134422609 January 31, 2004 CUSIP 134422609 1. Sprott Asset Management Inc. Suite 3450, South Tower, Royal Bank Plaza, Toronto, Ontario M5J 2J2 Canada 2. n/a 3. 4. Ontario, Canada 5. 8,691,380 6. n/a 7. 8,691,380 8. n/a 9. n/a 10. n/a 11. n/a 12. BD Item 1 (a) Campbell Resources Inc. (b) 1155 University Street, Suite 1405 Montreal, PQ H3B 3A7 Canada Item 2 (a) Sprott Asset Management Inc. (b) Suite 3450, South Tower Royal Bank Plaza P.O. Box 63 Toronto, Ontario M5J 2J2 Canada (c) Canadian (d) Common Shares (e) 134422609 Item 3 n/a Item 4 (a) n/a (b) n/a (c) (i) 8,691,380 (ii) n/a (iii) 8,691,380 (iv) n/a Item 5 n/a Item 6 n/a Item 7 n/a Item 8 n/a Item 9 n/a Item 10 February 10, 2004 Neal Nenadovic Chief Financial Officer