Ann: Presentation at Noosa Mining and Exploration Conference, page-3

I would suggest most if not all the Board and Management 20% would be included in that 46% rather than being mutually exclusive to that 46%

1 Ragged Range Mining Pty Ltd & Associates 33,341,333 13.04 2 Mr Siat Yoon Chin 14,216,176 5.56 3 Troca Enterprises Pty Ltd 7,943,620 3.11 4 Norilsk Nickel Australia Pty Ltd 7,800,000 3.05 5 Chin Nominees Pty Ltd 7,125,000 2.79 6 Chin Nominees Pty Ltd 6,987,761 2.73 7 Grandor Pty Ltd 4,233,288 1.66 8 Custodial Services Limited 2,818,645 1.10 9 Ms Sigrid Gibson 2,600,000 1.02 10 Norvest Projects Pty Ltd 2,541,176 0.99 11 Mr Frank DeMarte 2,254,257 0.88 12 Panoramic Resources Limited 2,150,000 0.84 13 Mr Philip Gerrard Berry 2,126,908 0.83 14 Mr David Dawson 2,000,000 0.78 15 Gemini Holdings Pty Ltd 1,651,625 0.65 16 Paddockmist Pty Ltd 1,650,750 0.65 17 MDM Woon Hee Chin 1,578,824 0.62 18 Porites Pty Ltd 1,541,176 0.60 19 Porites Pty Ltd 1,441,176 0.56 20 Madisons Pty Ltd 1,331,176 0.52 Total 107,042,169 41.98%