EQ RESOURCES LIMITED — Major Shareholding Notification 2006

Jun 8, 2006

Form 603

Corporations Act 2001

Section 671M.

Notice of initial substantial holder

In Company Name/Scheme Icon Resources Itd
- 115 009 106
$\pm$ Decris of substantial indust $(1)$
Fallon Nominees Pty Ltd Neme

ACNARSM If accidents		--------------------------------------- .		.
		LATE					.
	.				.

The holder became a substantial bolder on 5/6/2006

f. Datalle of volleg power

The total number of votas attached to all the woting shares in the company or voting interests in the acheme 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:

$^{\backprime}$ Class of securities (4) $^{\backprime}$	Munber of securities	$^{\circ}$ Person's vokes (5).	Voting power (6)
Folly paid ordinary ahares	4.345.714	$\frac{1}{2}$ . The state of $\frac{1}{2}$ , $\frac{1}{2}$ , $\frac{1}{2}$ , $\frac{1}{2}$ , $\frac{1}{2}$ , $\frac{1}{2}$ , $\frac{1}{2}$ , $\frac{1}{2}$ , $\frac{1}{2}$	11111110,868
the company of the company of the	-------------------------------------- and a companies are constitutional of the continent of the continuation and constitution of the	The contract is a second of the second contract of

3. Details of relevant interests

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

Molder of relevant interest with the control	and a state of the pro- in the parameter and proposed a second to the second $\pm$ Mature of relevant interest (7).	Class and number of securities
'Fallon Nominees Ptv Ltd $\prec$ Fallon Femily A/C> $\cdots$	Shares acquired prior to listing on the ASK as datailed in Prospectus dated 21 April 2006	$\sim$ $\sim$ $\sim$ $\sim$ $\sim$ $\sim$ $\sim$ $\sim$ ' ordinary shares
المتعالج والموالي والمتحدث فالتقالة فتحتمل والمتحدث فالمحافظ فالمحافظ فالمحافظ والرازيل		and the Conversion of Conversion and

4. Details of present registered holders

The persons registered as holders of the securities referret to in persgraph 3 above are as follows:

Funkter of relevent is des nossa	Registered holder of Common seœirilies	and the company of registered as holder (8)	[ Person entitled to be [ ] [ ] [ ] [] [] [] [] [] [] [] [] []
Fallon Nominaes FtV lici <fallom frmily.みんこ	Fallon Nominees Ftv ` Ltd <fællon family楽パごた	Tallon Nominass Ptv "Itd <fallon [1]みんこう	. 4.345,714 fully paid … ordinary shares
	The expertise of the export of the three support exposure and المتعاقبة والمتعارض والمتحدث والمحافظ والمتحدث والمحافظ والمحافيات	Service Service His	the complete that the state of the contract of the contract of

5. Consideration

The conniteration 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 fullows:

Folder of relevant. isterest	Date of acquisition.	Consideration (9)		Class and number of securities
		. ask	Pacific Castal
Fallon Nominees Fty Ltd <fallon family為パン	Batxoan August -2005 and March - \$227,872 2006			, 4,345,714 fully paid ordinary shares

																				s provincial experience of the special contract the Design product of the second
									医乳糜性脊髓炎 医马里氏反应 电电阻电阻 电电阻电阻
																				.

'6. Associates
	Name and ACN/ARSN (if applicable)	The ressons the persons named in paragraph 3 sbone are saucciales of the substantial holder are as follows: Nature of association
		Not applicable
7. Addresses
	The addresses of persons named in this form are as follows:
Name	Fallon Nominees Pty Ltd	Address 38 Urban Close, Rankin Park, NSW, 2287
	Signature
	G Fallon print name	capacity Director
	siun here	(W. K -0/6/2006 date.
41)		DIRECTIONS . 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 annewm 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 grap, with the nanses and addresses of members is clearly set out in paragraph 7 of the form.
(2)		See the definition of "associate" in section 9 of the Corporations Act 2001. and the product of the control of
		(3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
		${4}$ . The valing shares of a company constitute one class unless thated into separate classes.
	associate has a relevant interest in	(5) 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 $\label{eq:reduced} \mathcal{L}{\mathcal{F}}(\mathcal{H}{\mathcal{F}}) = \mathcal{L}{\mathcal{F}}(\mathcal{L}{\mathcal{F}}) + \mathcal{L}{\mathcal{F}}(\mathcal{L}{\mathcal{F}}) + \mathcal{L}{\mathcal{F}}(\mathcal{L}{\mathcal{F}})$ a de la composición de la composición de la composición de la composición de la composición de la composición Alguns de la composición de la composición de la composición de la composición de la composición de la composi
-031-		. The person's voice divided by the total votes in the body corporate or suberne multiplied by 100. a di Provincia Cal
	(7) Include details of	(a) any felovant agreement or other circumstances by which the relevant interest was acquired. 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 高度新闻自在我们们 and
(≹i)}		any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposed of the securities to which the relevant interest ralates (indicating clearly the particular securities to which the qualification
		. applies). All alternatives are all alternatives and the state See the definition of "relevant agreement" in section 9 of the Corporations Act 2004.
$\langle \delta \rangle$	"unknown".	If the substantial holder is unable to determine the identity of the parson ( eg. if the relevant interest arises because of an option) write a di Paragonia di Paragonia di Paragonia di Paragonia di Paragonia di Paragonia di Paragonia di Paragonia di P Paragonia di Paragonia di Paragonia di Paragonia di Paragonia di Paragonia di Paragonia di Paragonia di Parago e propinsi Tanzania. Propinsi Tanzania and the control of
69)		- Details of the consideration must hotuse any and all benefits, money and other, that any person from whom a relevant interest was acquied has, or may, become entitled to receive in relation to that acquisition. Details must be included oven 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 parson from whom the relevant interest was acquired.

2.050NB