Ann: Change of Director's Interest Notice - JK, page-3

Strong interest in COB & BPL (soon to be ARR) now that both companies have found their respective strengths it is time to have a positive view to support them. COB has a unique resource primarily cobalt that makes it stand out in the market . With a clear direction now being set out there should be a real understanding of the outstanding resource to allow the large institutions to commence evaluations. Once the ethical funds become aware of the true long term future of COB there will be rerating of the share price. The future in this project at Broken Hill will create long term benefit for the immediate area as well as the whole mining industry IMO.