INOVIQ LTD — Major Shareholding Notification 2005

May 10, 2005

11/05 2005 10:28 FAX 38324114 $10-MAY.$ $05$ (TUE) $10:27$

ASX BRISBANE

FAX: 01737837450

$\rightarrow$ CAO COY PAYS

P 001

团002

Windmill Court Millfield Lane Lower Kingswood Tadworth Surrey KT20 oRG Telephone: 01737 836735

$EOG$

Australian Stock Exchange Ltd ABN 98 008 624 691 Exchange Centre Level, 20 Bridge Street Sydney NSW 1215 Australia

FAX: 00 61 2 9347 0005 / 9778 0999 Brisbane Fax: 00 61 7 3835 1004 TEL: 00 61 2 9227 0334 www.asx.com.au pam.ross@asx.com.au

09 May 2005

ATTN: Company Announcements Office

Dear Sir/Madam:

Enclosed herewith, please find one copy of Form 603, pursuant to Section 671B of the Corporations Act, Notice of Initial Substantial Holder, reporting the interests EuroGold Ltd of certain entities owned or managed by Fidelity Management and Research Company and Fidelity International Limited as disclosed more fully in the notice.

If you have any questions please contact Karrie Barnett on 0044 1737 837148 or by FAX on 0044 1737 837450.

Yours faithfully

Kerrie Barnett Regulatory Reporting Analyst FIL - Investment Compliance

Fidelity Investments International (Registored in England and Wales No. 1445245), Fidelity Investment Services Umibd (Registred in England and Wales No.
2016888 and Financial Administration Borvices Umitod (Registered in E All companies are authorised and regulated by the Financial Services Authority.

Form 603 Corporations Act 2001 Section 671B

Notice of Initial Substantial Holder

To: EuroGold Ltd ACN/ARSN:

1. Details of substantial holder (s)

Name: FMR Corp. and FIL ACN/ARSN (If applicable)

The holder became a substantial holder on 08 May 2005

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) Time	Number of securities	` Person's votes (5) l	Voting power (6)
l Ordinary shares	14,285,715,	14%	14%

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 in	Nature of relevant interest (7)	Class and number of securities
		. 4,285,715

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	' Number of securities
FIL	1 FID FDS - EURO SMALLER CO POOL	14,285,715
TOTALS	14,265,715,	7.14%

$\bar{r}$

5. Consideration

$\sim$ .

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:

	' Consideration (9) securities
Cash/non-cash interest 0.1333 \$/Share 06 May 2005 F L	7,085,715 ordinary share

6. Associates

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

Name and ACN/ARSN	Nature of association
(if applicable)
FMR Corp /FMR Co., FMTC	FMR Co. is the adviser to the registered holders named in Section 4 and has power under its management agreements to dispose of the subject shares.
	FMR Co. is a wholly-owned subsidiary of FMR Corp., a Delaware corporation. Edward C. Johnson 3d is chairman of FMR Corp. and owns in excess of 10% of the voting power of FMR Corp. and may thereby be deemed an associate of FMR Co.
	However, neither FMR Corp. nor Edward C. Johnson 3d has sole power to vote or direct the voting of, or to dispose of or direct the disposition of, the subject shares. FMR Co. carries out such voting under written guidelines established by the Board of Trustees of the Funds which are the registered holders.
	Fidelity Management Trust Company ("FMTC") is a trust company organized under the laws of Massachusetts and is a wholly-owned subsidiary of FMR Corp.
	Because FMTC and FMR Co. are under the common control of FMR Corp., FMTC may be considered a related body corporate and hence an "associate" of FMR Corp., as such term is used in the Corporations Law. FMTC's relevant interest consists of the power to dispose of, and may also consist of the power to vote or direct the voting of, the shares for the institutional accounts with which it has a management agreement.
FIL.	FIL is the adviser to the registered holders named in Section 4 above, each of which is an investment company organized under the laws of a lurisdiction other than the United States, and has power under its management agreements to dispose of the subject shares. Edward C. Johnson 3d is chairman of FIL and owns in excess of 20% of the voting power of FIL. By reason of his ownership of the "prescribed percentage" of FIL, Mr. Johnson may be deemed the holder of a relevant interest in the subject shares and a substantial shareholder. FIL has power to vote and dispose of the shares of the Funds which it advises.

11/05 2005 10:29 FAX 38324114 10-MAY 05 (TUE) 10:30

7. Addresses

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

Name	Address
'FMR Corp., FMR Co., FMTC	i 82 Devonshire Street, Boston, MA 02109
EĽ	PO Box HM 670, Hamilton HMCX, Bermuda

Sign Here Kan Rani Jandu

Regulatory Reporting Manager, FIL – Investment Compliance
Duly authorized under Powers of Attorney dated 25 August 2004 by Eric D. Roiter by and on behalf of
FMR Corp. and its direct and indirect subsidiaries, and Fidelity Indirect subsidiaries.