ACROW LIMITED — Major Shareholding Notification 2009

Dec 7, 2009

604 page 1/3 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial shareholder

To: Company name/ Scheme NOBLE MINERAL RESOURCES LIMITED ACN/ ARSN 124 893 465 1. Details of substantial holder (1)

Name MR WAYNE DAVID NORRIS

ACN/ ARSN (if applicable) There was a change in the interests of the substantial holder on 3 DECEMBER 2009 The previous notice was given to the company 1 JULY 2008 on The previous notice was dated on 1 JULY 2008

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Previousnotice Class of securities (4)	Previousnotice Class of securities (4)	PresentNotice	PresentNotice	PresentNotice
Person’svotes	VotingPower(5)	Person’svotes		VotingPower(5)
FULLY PAID ORDINARY SHARES 43,140,000	31.18%	43,140,000		27.11%
3. Changes in relevant interests
Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since
the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:
Date of change Person whose relevant interest changed Nature of change (6) Consideration given in relationto change (7) Class and number of securities affected				Person’s votes affected
3 DECEMBER 2009 MR WAYNE DAVID NORRIS COMPANY ISSUED 20,732,037 SHARES BY WAY OF PLACEMENT NOT APPLICABLE 5,710,000 FULLY ORDINARY PAID SHARES				5,710,000
3 DECEMBER 2009 MR WAYNE DAVID NORRIS COMPANY ISSUED 20,732,037 SHARES BY WAY OF PLACEMENT NOT APPLICABLE 5,000,000 FULLY ORDINARY PAID SHARES				5,000,000

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relationto change (7)	Class and number of securities affected	Person’s votes affected
3 DECEMBER 2009	MR WAYNE DAVID NORRIS	COMPANY ISSUED 20,732,037 SHARES BY WAY OF PLACEMENT	NOT APPLICABLE	5,710,000 FULLY ORDINARY PAID SHARES	5,710,000
3 DECEMBER 2009	MR WAYNE DAVID NORRIS	COMPANY ISSUED 20,732,037 SHARES BY WAY OF PLACEMENT	NOT APPLICABLE	5,000,000 FULLY ORDINARY PAID SHARES	5,000,000
3 DECEMBER 2009	MR WAYNE DAVID NORRIS	COMPANY ISSUED 20,732,037 SHARES BY WAY OF PLACEMENT	NOT APPLICABLE	27,000,000 FULLY ORDINARY PAID SHARES	27,000,000
3 DECEMBER 2009	MR WAYNE DAVID NORRIS	COMPANY ISSUED 20,732,037 SHARES BY WAY OF PLACEMENT	NOT APPLICABLE	945,000 ORDINARY FULLY ORDINARY PAID SHARES	945,000
3 DECEMBER 2009	MRS BARBARA MELVA NORRIS	COMPANY ISSUED 20,732,037 SHARES BY WAY OF PLACEMENT	NOT APPLICABLE	2,585,000 FULLY ORDINARY PAID SHARES	2,585,000
3 DECEMBER 2009	MR CRAIG JAMES NORRIS	COMPANY ISSUED 20,732,037 SHARES BY WAY OF PLACEMENT	NOT APPLICABLE	945,000 FULLY ORDINARY PAID SHARES	945,000
3 DECEMBER 2009	MR LUKE DAVID NORMAN NORRIS	COMPANY ISSUED 20,732,037 SHARES BY WAY OF PLACEMENT	NOT APPLICABLE	10,000 FULLY ORDINARY PAID SHARES	10,000
3 DECEMBER 2009	MR SHANE IAN NORRIS	COMPANY ISSUED 20,732,037 SHARES BY WAY OF PLACEMENT	NOT APPLICABLE	945,000 FULLY ORDINARY PAID SHARES	945,000

604 page 2/3 15 July 2001

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of	Person entitled to be	Person entitled to be	Nature of relevant	Class and number of	Person’s votes
	securities	registered as holder (8)		interestB	securities
MR WAYNE DAVID	MR WAYNE DAVID	MR WAYNE DAVID			5,710,000 FULLY
NORRIS	NORRIS	NORRIS		DIRECTLY HELD	ORDINARY PAID	5,710,000
					SHARES
MR WAYNE DAVID	MR WAYNE DAVID	MR WAYNE DAVID			5,000,000 FULLY
NORRIS <AUSGOLD SUPER	NORRIS <AUSGOLD SUPER	NORRIS <AUSGOLD SUPER		INDIRECTLY HELD	ORDINARY PAID SHARES	5,000,000
FUND>	FUND>	FUND>
MR WAYNE DAVID	MR WAYNE DAVID	MR WAYNE DAVID			27,000,000 FULLY
NORRIS	NORRIS	NORRIS		INDIRECTLY HELD	ORDINARY PAID	27,000,000
					SHARES
MR WAYNE DAVID	MR WAYNE DAVID	MR WAYNE DAVID			945,000 ORDINARY
NORRIS	NORRIS	NORRIS		INDIRECTLY HELD	FULLY ORDINARY	945,000
					PAID SHARES
MRS BARBARA MELVA NORRIS	MRS BARBARA MELVA NORRIS	MRS BARBARA MELVA NORRIS		INDIRECTLY HELD	2,585,000 FULLY ORDINARY PAID SHARES	2,585,000
MR CRAIG JAMES NORRIS	MR CRAIG JAMES NORRIS	MR CRAIG JAMES NORRIS		INDIRECTLY HELD	945,000 FULLY ORDINARY PAID SHARES	945,000
MR LUKE DAVID NORMAN NORRIS	MR LUKE DAVID NORMAN NORRIS	MR LUKE DAVID NORMAN NORRIS		INDIRECTLY HELD	10,000 FULLY ORDINARY PAID SHARES	10,000
					945,000 FULLY
MR SHANE IAN NORRIS	MR SHANE IAN NORRIS	MR SHANE IAN NORRIS		INDIRECTLY HELD	ORDINARY PAID	945,000
					SHARES
5. Changes in association
The persons who have become associates (2) of, ceased to		be associates of, or have	changed the nature of their association (9) with, the substantial holder in relation to
voting interests in the company or scheme as follows:
Name andACN/ARSN(ifapplicable)				Nature ofassociation

Name and ACN/ARSN (if applicable) Nature of association NOT APPLICABLE

6. Addresses

The addresses of persons named in this form are:

	Name		Address
	MR WAYNE DAVID NORRIS	39 HYBRID COURT
		BANJUP WA 6164
	MR WAYNE DAVID NORRIS	39 HYBRID COURT
		BANJUP WA 6164
	MR WAYNE DAVID NORRIS	39 HYBRID COURT
		BANJUP WA 6164
	MR WAYNE DAVID NORRIS	39 HYBRID COURT
		BANJUP WA 6164
	MRS BARBARA MELVA NORRIS	39 HYBRID COURT BANJUP WA 6164
	MR CRAIG JAMES NORRIS	39 HYBRID COURT BANJUP WA 6164
	MR LUKE DAVID NORMAN NORRIS	39 HYBRID COURT BANJUP WA 6164
	MR SHANE IAN NORRIS	39 HYBRID COURT BANJUP WA 6164
Signature
	print name MR WAYNE DAVID NORRIS	capacity
	sign here	date 7	DECEMBER 2009

print name	MR WAYNE DAVID NORRIS	capacity
sign here		date	7	DECEMBER	2009

604 page 3/3 15 July 2001

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.