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BHP Group Limited Capital/Financing Update 2009

Nov 1, 2009

14787_rns_2009-11-01_859f3dba-ca8e-4f0a-a50a-7f3b9b392a58.pdf

Capital/Financing Update

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ASX RELEASE

02 November 2009

Market Update

Minara Resources Limited (Minara) notes the article in The Australian Financial Review today which refers to Minara’s participation in the process for the sale of Ravensthorpe by BHP Billiton. Minara confirms it is participating in the sale process, which is subject to strict confidentiality obligations. As part of its due diligence, Minara is exploring various funding options.

There is no certainty of the outcome of Minara’s participation in the sale process. Minara will continue to keep the market informed of any material information.

ASX CODE: MRE

ENDS

Contact

David Griffiths, Gryphon Management Australia 0419 912 496 www.gryphon.net.au Minara Resources Limited ABN: 23 060 370 783 Level 4, 30 The Esplanade PERTH WA 6000 PO Box Z5523, St Georges Terrace PERTH WA 6831 AUSTRALIA www.minara.com.au