Text Size: Text Smaller Text Regular Text Larger

Capital Structure

Shares on Issue:

346,821,837 (last updated 10/11/2010)

Unlisted Share Options:

400,000 Options exercisable at $AUD2.81 on or before 01/02/2011

10,000,000 Options exercisable at $AUD0.09 on or before 30/10/2012

16,400,000 Options exercisable at $AUD0.10 on or before 31/12/2014

Convertible Notes:

323,076,923 convertible notes to Jinchuan at an issue price of US$0.065, convertible at US$0.065, at an interest rate of LIBOR + 3.75% for a 5 year term)

Major Shareholder:

Jinchuan Group 50.4% 174,360,873 shares