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	Golden Reef Enterprises Pty Ltd <golden enterprises="" familyTrust>
ACN/ARSN (if applicable)	008 138 136

$6/6/2006$ The holder became a substantial holder on

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	3,275,715	3, 275, 715	8.19%

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
See attached schedule

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 interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
See attached schedule

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 interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
See attached schedule

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)	________ Nature of association continuous commission and the commission of the con- $\label{thm:main} A\rightarrow A\rightarrow A\rightarrow A\rightarrow A\rightarrow A\rightarrow A\rightarrow A\rightarrow A\rightarrow A\rightarrow A\rightarrow A\rightarrow A\rightarrow A$
See attached schedule .
	________

7 Addresses

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

www.community.com/and-and-and-and-and-and-and-and-and-and- Name	The State and Commission of the State and Table and Commission and Commission and Commission _________ Address $\cdots$ $\cdots$ .
See attached schedule ' --------------------------------------	-------------------------------------- 1.111 ________
	_________ .

Signature.

print name	Andrew H White	capacity	Directors of Golden Reef Enterprises Pty Ltd
sign here	$-0.00000000000000000000000000000000000$ the contract of the contract of the con- ARTISTS AND ARTISTS metablete Contractor	date	9/6/2006

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. $(2)$
• $(3)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• The voting shares of a company constitute one class unless divided into separate classes. $\langle 4 \rangle$
• 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.
• $(6)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(7)$ Include details of:
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy c $(a)$ 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
• $(b)$ 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.

• $(8)$ 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".
• 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 o 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.

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

3. Details of relevant interests

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Golden Reef Enterprises Ptv Ltd <golden b="" enterprises<="" reef=""> Family Trust>	Shares acquired prior to listing on the ASX as detailed in Prospectus dated 21 April 2006	3,085,715 fully paid ordinary shares
Andrew Hewlett White	Shares acquired prior to listing on the ASX as detailed in Prospectus dated 21 April 2006 as payment for services as Chairman of Directors	150,000 fully paid ordinary shares
Andrew Hewlett White and Elizabeth Macarthur	Shares acquired in Public Offer at 20 cents	40,000 fully paid ordinary shares

$\overline{4}$ Details of present registered holders

	88888888888888888888888888888888888888
Holder of relevant	Registered holder of	Person entitled to be	Class and number of
interest	securities	registered as holder (8)	securities
Golden Reef Enterprises Pty Ltd <golden reefEnterprises Family Trust	Golden Reef Enterprises Pty Ltd <golden reefEnterprises Family Trust\mathord{\geq}	Golden Reef Enterprises Pty Ltd <golden reefEnterprises Family Trust>	3,085,715 fully paid ordinary shares
Andrew Hewlett White	Andrew Hewlett White	Andrew Hewlett White	150,000 fully paid ordinary shares
Andrew Hewlett White and Elizabeth Macarthur	Andrew Hewlett White and Elizabeth Macarthur	Andrew Hewlett White and Elizabeth Macarthur	40,000 fully paid ordinary shares

5. Consideration

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
Golden Reef Enterprises Pty Ltd <golden reefEnterprises Family Trust\geq	14 March 2006	\$400		3,085,715 fully paid ordinary shares
Andrew Hewlett White	8 March 2006		For services (see 3) above)	150,000 fully paid ordinary shares

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
Andrew Hewlett White and Elizabeth Macarthur	IPO shares allotted on 25 May 2006	\$8,000		40,000 fully paid ordinary shares

1. Associates

Name and ACN/ARSN (if applicable)	Nature of association
Golden Reef Enterprises Pty Ltd <golden< b=""> Reef Enterprises Family Trust></golden<>	Andrew Hewlett White and Elizabeth Macarthur are directors of Golden Reef Enterprises Pty Ltd and beneficiaries of the Golden Reef Enterprises Family Trust
Andrew Hewlett White	Andrew Hewlett White is a director of Golden Reef Enterprises Pty Ltd and a beneficiary of the Golden Reef Enterprises Family Trust
Andrew Hewlett White and Elizabeth Macarthur	Andrew Hewlett White and Elizabeth Macarthur are directors of Golden Reef Enterprises Pty Ltd and beneficiaries of the Golden Reef Enterprises Family Trust

$\overline{7}$ . Address

Name	Address
Golden Reef Enterprises Pty Ltd <golden Reef Enterprises Family Trust></golden	3666 Moggill Road, Moggill, QLD, 4070
Andrew Hewlett White	3666 Moggill Road, Moggill, QLD, 4070
Andrew Hewlett White and Elizabeth Macarthur	3666 Moggill Road, Moggill, QLD, 4070