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	Troppo Resources Pty Ltd
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	4,435,714	4,435,714	11.09%

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	Registered holder of	Person entitled to be	Class and number of securities
interest	securities	registered as holder (8)
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) --------------------------------------	19.45.04.04.04.04.04.05.05.05.05.05.05.05.05.05.05.05.05.05. --------------------------------------- ______ $\pm$ Nature of association. -------------------------------------- _____
and the state age of ________	: Not applicable .
111 BALDARA BAASAA BARANGA ALAMA TIDAK DI BARANGAN DI BARANGAN DI BARANGA --------------------------------------	-------------------------------------- ,,,,,,,,,,,,, ,,,,,,,,,,,,,,

7. Addresses

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

and and an anti-contract the contract of the contract of the contract of the contract of the contract of the c ---------- Name $\cdots$ .	,,,,,,,,,,,,,,,,,,,,,,,,,,,, _________ Acoress .
See attached schedule
.	_____ __ . .

$\mathcal{F}(\mathcal{L}_{\mathcal{A}}^{(i)}\mathcal{F})$

Signature

$(1)$

print name	Stephen R Bartrop	capacity	Director of Troppo Resources Pty Ltd and the state of the state of the state of the state of the state of the state of the state of the state of the
sign here	$1.111112222222222222222222222222222222$ CONTRACTOR Controllegia de Carriera	date	9/6/2006
in a ch $\mathcal{F}_{\mathcal{F}}$ - 11 $\sim$	PUTTING THE CONTRACT AND INVESTIGATION CONTRACT OF A SECOND CONTRACT OF A SECOND CONTRACT OF A SECOND CONTRACT OF A SECOND CONTRACT OF A SECOND CONTRACT OF A SECOND CONTRACT OF A SECOND CONTRACT OF A SECOND CONTRACT OF A		๛๏๏ ๛๛๛๛๛๛๛๛๛๛๛๛๛๛๛๛๛๛๛๛๛๛๛๛๛๛๛๛๛๛๛๛๛๛
and the state $\sim$
$\sim 10$	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 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.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(3)$ 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. $(4)$
• 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 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
• $(a)$ 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 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.

Form 603

Corporations Act 2001
Section 671B

Notice of initial substantial holder

	Details of relevant interests

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Troppo Resources Pty Ltd	Shares acquired prior to listing on the ASX as detailed in Prospectus dated 21 April 2006	4,345,714 fully paid ordinary shares
Stephen Bartrop	Shares acquired prior to listing on the ASX as detailed in Prospectus dated 21 April 2006 as payment for services as a director	50,000 fully paid ordinary shares
Stephen Bartrop <trustee b="" for<=""> Alexandria Jane Bartrop>	Shares in trust for daughter	10,000 fully paid ordinary shares
Stephen Bartrop <trustee forCameron Stephen Bartrop>	Shares in trust for son	10,000 fully paid ordinary shares
Stephen Bartrop <trustee b="" for<=""> Lachlan David Bartrop>	Shares in trust for son	10,000 fully paid ordinary shares
Stephen Bartrop <trustee b="" for<=""> Tobias Evan Bartrop>	Shares in trust for son	10,000 fully paid ordinary shares

Details of present registered bolders Á

4.	Details of present registered holders
Holder of relevant	Registered holder of	Person entitled to be	Class and number of
interest	securities	registered as holder (8)	securities
Troppo Resources Pty Ltd	Troppo Resources Pty Ltd	Troppo Resources Pty Ltd	4,345,714 fully paid ordinary shares
Stephen Bartrop	Stephen Bartrop	Stephen Bartrop	50,000 fully paid ordinary shares
Stephen Bartrop <trustee forAlexandria Jane Bartrop>	Stephen Bartrop $\le$ Trustee for Alexandria Jane Bartrop>	Stephen Bartrop <trustee forAlexandria Jane Bartrop>	10,000 fully paid ordinary shares
Stephen Bartrop <trustee b="" cameron<="" for=""> Stephen Bartrop>	Stephen Bartrop <trustee cameronStephne Bartrop>	Stephen Bartrop <trustee b="" cameron<="" for=""> Stephne Bartrop>	10,000 fully paid ordinary shares
Stephen Bartrop <trustee for="" lachlanDavid Bartrop>	Stephen Bartrop <trustee for="" lachlanDavid Bartrop>	Stephen Bartrop <trustee for="" lachlanDavid Bartrop>	10,000 fully paid ordinary shares
Stephen Bartrop <trustee b="" for="" tobias<=""> Evan Bartrop>	Stephen Bartrop <trustee for="" tobiasEvan Bartrop>	Stephen Bartrop <trustee for="" tobiasEvan Bartrop>	10,000 fully paid ordinary shares

$5₁$ Consideration

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
Troppo Resources Pty Ltd	Between August 2005 and March 2006	\$227,872		4,345,714 fully paid ordinary shares
Stephen Bartrop	8 March 2006		For services (see 3) above)	50,000 fully paid ordinary shares
Stephen Bartrop <trustee forAlexandria Jane Bartrop>	25 May 2006 - IPO	\$2,000		10,000 fully paid ordinary shares
Stephen Bartrop <trustee b="" cameron<="" for=""> Stephen Bartrop>	25 May 2006 - IPO	\$2,000		10,000 fully paid ordinary shares
Stephen Bartrop <trustee for="" lachlanDavid Bartrop>	25 May 2006 - IPO	\$2,000		10,000 fully paid ordinary shares
Stephen Bartrop <trustee b="" for="" tobias<=""> Evan Bartrop>	25 May 2006 - IPO	\$2,000		10,000 fully paid ordinary shares

6. Associates

Name and ACN/ARSN (if applicable)	Nature of association
Troppo Resources Pty Ltd	Stephen Bartrop is a director
Stephen Bartrop	Stephen Bartrop is a director of Troppo Resources Pty Ltd
Stephen Bartrop <trustee alexandria="" for="" janeBartrop>	Held in trust for daughter
Stephen Bartrop <trustee cameron="" for="" stephenBartrop>	Held in trust for son
Stephen Bartrop <trustee davidBartron>	Held in trust for son
Stephen Bartrop	Held in trust for son

1. Address

Name	Address
Troppo Resources Pty Ltd	50B Beecroft Road, Beecroft, NSW, 2119
Stephen Bartrop	50B Beecroft Road, Beecroft, NSW, 2119
Stephen Bartrop <trustee alexandria="" for="" janeBartron>	50B Beecroft Road, Beecroft, NSW, 2119
Stephen Bartrop <trustee b="" cameron="" for="" stephen<=""> Bartrop>	50B Beecroft Road, Beecroft, NSW, 2119
Stephen Bartrop <trustee b="" david<="" for="" lachlan=""> Bartrop>	50B Beecroft Road, Beecroft, NSW, 2119
Stephen Bartrop	50B Beecroft Road, Beecroft, NSW, 2119