CODEIFAI LIMITED — Director's Dealing 2005

Mar 10, 2005

Rule 3.19A.1

Appendix 3X

Initial Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

	Name of entity AUSTRALIS MINING CORPORATION LIMITED
ABN	68 108 649 421

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	ROBERT COENRAADS
Date of appointment	19 MAY 2004

Part 1 - Director's relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notiliable interest of a director" should be disclosed in this part.

Number & class of securities

QUOTED

305,000 FULLY PAID ORDINARY SHARES 152,500 OPTIONS

UNQUOTED (ESCROWED UNTIL 7 MARCH 2007) 305,000 ORDINARY SHARES 457,500 OPTIONS

Part 2 – Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of	Number & class of Securities
interest	QUOTED
Note: Provide details of the circumstances giving rise to	10,000 FULLY PAID ORDINARY SHARES
the relevant interest.	5,000 OPTIONS
COENRAADS GEMS PTY LTD	UNQUOTED
(DIRECTOR)	NIL

Part 3 - Director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A