EQ RESOURCES LIMITED — Major Shareholding Notification 2006

Jun 8, 2006

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To_Company Name/Scheme	Icon Resources Ltd
ACN/ARSN	115 009 106
1. Details of substantial holder (1)
Name	John Richard Bishop
ACN/ARSN (if applicable)
The holder became a substantial holder on	6/6/2006

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Fully paid ordinary shares	3,085,714	3,085,714	7.71%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
John Richard Bishop	Shares acquired prior to listing on the ASX as detailed in Prospectus dated 21 April 2006	1,542,857 fully paid ordinary shares
Sarah Victoria Bishop	Shares acquired prior to listing on the ASX as detailed in Prospectus dated 21 April 2006 and 10,000 shares acquired in IPO	1,552,857 fully paid ordinary shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant	Registered holder of	Person entitled to be	Class and number of securities
interest	securities	registered as holder (8)
	John Richard Bishop	John Richard	1,542,857 fully paid
John Richard Bishop		Bishop	ordinary shares
Sarah Victoria	Sarah Victoria	Sarah Victoria	1,552,857 fully paid
Bishop	Bishop	Bishop	ordinary shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant	Date of acquisition	Consideration (9)		Class and number of securities
interest
		Cash	Non-cash
John Richard Bishop	14 March 2006	\$180		$1,542,857$ fully paid ordinary shares

	.		---------------------------------------
$\cdots$ $\cdots$ Victoria Sarah	2006 March 14	$\sim$ المنابذ	$\pm$ ,552,857 $\in$ fully paid
Bishop		.	shares ordinary . ---------------------------------------

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

. Name and ACN/ARSN (if applicable) Contract .	. Nature of association -------------------------------------- .
John Richard Bishop A MARANA MARANA PARA PARA PARA PARA	Husband of S V Bishop
Sarah Victoria Bishop 1. A concert and a statement and concert and concert and concert and concertainty of the concert and concertainty	Wife of J R Bishop ,,,,,,,,,,,,,,,,,,,,,,

7. Addresses

The addresses of persons named in this form are as follows:

Name	www.com/androident.com/androident.com/androident/androident/androident/androident/ Address
John Richard Bishop	923 Cygnet Coast Road, Wattle Grove, TAS, 7109
$ -$ -Sarah Victoria Bishop .	923 Cygnet Coast Road, Wattle Grove, TAS, 7109 _____ _____

ALC: YES Contact of the Contact of the Contact of the Contact of the Contact of the Contact of the Contact of the Contact of the Contact of the Contact of the Contact of The Contact of The Contact of The Contact of The Contact of Signature
print name	John Richard Bishop	capacity
sign here	. . . . . 1.0550005550000055000000000000000000000	________ date . Educación compositorio de la composición de la componentación de la componentación de la componentación de la compo	9/6/2006 3138757777844404457778787	___ --------------------------------------

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the $(1)$ 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 7 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 508 and 671B(7) of the Corporations Act 2001. $(3)$
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an $(5)$ associate has a relevant interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$
• include details of. $(7)$
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of $(a)$ 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
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or (5) 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.

• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write $(8)$ "unknown".
• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was $(9)$ 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