Top 20 Shareholders

	Shareholder	No of Shares	% Held
1.	Giralia Resources NL	15,008,441	11.10%
2.	Yandal Investments Pty Ltd	7,763,567	5.37%
3.	HSBC Custody Nominees (Aust) Ltd	6,639,005	4.59%
4.	The Riley Super Fund A/c	5,414,700	3.74%
5.	ANZ Nominees Ltd ,Cash Income A/c>	4,708,760	3.25%
6.	Breamlea Pty Ltd <J & E Macdonald A/c)	4,555,435	3.15%
7.	HSBC Custody Nominees (Aust) Ltd - A/c 2	4,032,144	2.79%
8.	Mr Harry Cooper	3,456,836	2.39%
9.	Vesna Nominees Pty Ltd  <Althaus Super Fund A/c>	2,850,000	1.97%
10.	Berne No 132 Nominees Pty Ltd <399949 A/c>	2,800,000	1.94%
11.	Mr Stanley Allan Macdonald	2,678,052	1.85%
12.	Tivmoss Investments Pty Ltd <Seymour Meat A/c>	2,376,077	1.64%
13.	Maxigold Holdings Pty Ltd (MGR Thomson Super A/c>	2,195,165	1.52%
14.	National Nominees Limited	1,838,236	1.27%
15.	Strong Investments Pty Ltd	1,712,957	1.18%
16.	Crescent Nominees Limited	1,335,507	0.92%
17.	Equity Trustees Ltd <ACF Lowell Resources Fund>	1,269,172	0.88%
18.	Rose Ceda Holdings Pty Ltd	1,240,202	0.86%
19.	West Stone Super Fund A/c	1,200,000	0.83%
20.	Aiken & Accociates Ltd	1,091,000	0.75%
		74,165,256	51.26%