GIBB RIVER DIAMONDS LIMITED — Director's Dealing 2012

Nov 25, 2012

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of 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 30/09/01 Amended 01/01/11

Name of entity	PHOSPHATE AUSTRALIA LIMITED
ABN	51 129 158 550

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	GRANT MOONEY
Date of last notice	27 OCTOBER 2009

Part 1 - Change of director’s relevant interests in securities

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 “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	240,000 shares held by Mooney & PartnersPty Ltd of which company Grant Mooney issole director.10,000 shares held by Samantha Mooney,spouse of Grant Mooney.
Date of change	26 November 2012
No. of securities held prior to change	240,000 Ordinary fully paid shares heldby Mooney & Partners Pty Ltd.12,500 Ordinary fully paid shares heldby Grant Mooney.10,000 Ordinary fully paid shares heldby Samantha Mooney.
Class	UnlistedOptionsexpiring26.11.2015exercisable at 8 cents each
Number acquired	500,000
Number disposed	Nil

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation	Nil.
No. of securities held after change	240,000 Ordinary fully paid shares heldby Mooney & Partners Pty Ltd.12,500 Ordinary fully paid shares heldby Grant Mooney.10,000 Ordinary fully paid shares heldby Samantha Mooney.500,000 Unlisted Options held by GrantMooneyexpiring26.11.2015exercisable at 8 cents each
Nature of changeExample: on‐market trade, off‐market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy‐back	Issueofoptionstodirectorfollowingshareholder approval at Annual GeneralMeeting on 23 November 2012.

Part 2 – Change of 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.

==> picture [408 x 297] intentionally omitted <==

----- Start of picture text ----- Detail of contract ‐Nature of interest ‐Name of registered holder ‐(if issued securities)Date of change ‐No. and class of securities to which ‐interest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquired ‐‐Interest disposedValue/Consideration ‐Note: If consideration is non‐cash, provide detailsand an estimated valuationInterest after change ‐----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No. above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade N/A to proceed during this period? If prior written clearance was provided, on what date was this N/A provided?

• See chapter 19 for defined terms.

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