JINDALEE LITHIUM LIMITED — Major Shareholding Notification 2005

Dec 27, 2005

Jindalee Resources Ltd ABN 52 064 121 133 Level 2 18 Kings Park Road West Perth WA 6005 PO Box 1033 West Perth WA 6872 Western Australia Telephone: (08) 9321 7550 Facsimile: $(08)$ 9321 7950 Email: enquiry@jindalee.net Web: www.jindalee.net

ASX RELEASE

Form 604 - Change of Interests of Substantial Shareholder

Please find following a Notice of Change of Interests of Substantial Holder Teck Cominco Australia Pty Ltd received earlier today.

lowy Drafteld $\ddot{\phantom{1}}$

LINDSAY DUDFIELD Managing Director

23 December 2005.

Wernerman Schalkerin

Directors David Williams David Stone Georgina Pitt David Kilpatrick Digby Robinson Tully Carmady

Senior Associates Leah Maher Juanita Brown Laira Del Fuoco

Consultant Chris Osborn

Our ref: Your ref:

23 December 2005

The Company Secretary Jindalee Resources Limited Level 1 3 Ord Street WEST PERTH WA 6005

IST FLOOR 25 RICHARDSON STREET WEST PERTH WESTERN AUSTRALIA 6005 TELEPHONE: 61-8-94812040 FACSIMILE: 61-8-9481-2041. EMAIL: cosbom@willhu.com.au

BY COURIER

Dear Sirs

Substantial Shareholder Notice Pursuant to Section 671B of the Corporations Act 2001

On the instructions of our client, Teck Cominco Australia Pty Ltd, we enclose a Notice of Change of Substantial Holder. This Notice has been given following an on market sale of 519,500 shares on 21 December 2005.

If you have any questions please contact Chris Osborn on 9481 2040, or by email cosborn a willhu.com.au.

Yours faithfully

WILLIAMS & HUGHES

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

Eg., Company Name-Scherne	JINDALES RESOURCES LIMITED ******* --------
ACN ARSNI	064 121 133 ***** *****

1. Details of substantial holder(1)

Aame	TECK COMINCO AUSTRALIA PTY LTD
ACN ARSN of applicable)	. . 091 271 911
	. .
There was a change in the interests of me-

The power is a structure to the contract the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the c speciality in the search		21 32 2005
The previous botice was given to the company on	,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,	13 07 2005
The raw value hotice loas dated		13 07 2005

2. Previous and present voting power

The total number of votes attached to all the viring shares in the company or voting interests in the scheme that the starstantial holder or an associate (2) had a relevant interest (3) in when lost recored, and when now required, to give a scostantial rigicing notice to the company or screme, are as follows

. Class of securities (4)	Previous notice		Present potice
	Person's votes	– Votina power (SF	******** Person's votesi	- Voting power :51 -
FULLY PAID ORD.	12,550,000	18.667%	12,050,000
--------------------------------------		--------------------------------------

3. Changes in relevant interests

Purticulars of each change in, or change in the nature of in elevant interest of the substantial hotter or an associate in voting securities of the company or scheme, since the substantial libiter was last required to give a substantial notaing notice to the company or scheme are as follows.

Date of change	Person whose relevant interest. changed.	Nature of change (6)	Consideration given in relation. to change (7)	Class and manitier of Securities affected	Person's votes. affected
		SEE ANNEXURE "A"

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows.

Holder of refevant interest	Registered holder of securities	Person entitled to be registered as torcer (8)	Nature of relevant interest (6)	Class and sumper of securities	----------------------------- Person's votes
	ELLIPSIAN - AND - AND - AND - AND - AND - AND - AND - AND - AND - AND - AND - AND - AND - AND - AND - AND - AND -	ISEE ANNEXURE"A"!

5. Changes in association

The persons who have become associates (2) of loadsed to be associates of, or nave changed the nature of their association (9) with the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN ARSN (if applicable). L	-Nature of association -
	Ν7
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

6 Addresses

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

------ Name.	-------------------------------------- Address --------------------------------------
________	SEE ANNEXURE "A"
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,	.

Signature

SHIT 1898	THOMAS WAYNE SPILSBURY $\label{eq:3} A000000000000000000000000000000000000$			SEEM DIRECTOR
sign here	$\sim$			-cate 23 12 2005
		and a control

DIRECTIONS

• If there are a number of sobstantial holders with similar or related relevant interests (eq. a corporation since the related corporations of the municipal and trusted of in- $(3)$ equity trust). The names could be included in en presence to the form. If the relevant interests of a group of persons are essentially similar it iet, may be referred to Instantial the form as a specifically hamed group if the reembership of each group. With the names and potentiess of members is clearly set of maning in the little of the term form.
• $\hat{\mathcal{D}}$ See the defention of "associate" in section 9 of the Corporations Act 2003.
• $\langle 3 \rangle$ See the definition of Trelevant interest in sections 608 and 6718(7) of the Corporations Act 2001
• $(4)$ The voting snares of a company constitute one ritess unless denoted into separate classes
• Ġ) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• 衙 Include details of
• $(3)$ any relevant agreement or other circumstances because of which the coange in relevant interest occurred. If subsection 6718(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and uccurate oetalls of any contract. Scheme or arrangement, must accompany this form together with a vritten statement cerrifying this contract, scheme or arrangement, and
• any qualification of the power of a person to exercise, control the exercise of lor influence the exercise of lthe voting powers or idisposal of the securities to 油 which the relevant interest relates indicating clearly the particular securities to which the qualification applies).

See the definition of Trelevant agreement" in section 9 of the Corporations Act 2001.

• ${7}$ Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, becom eentitled to receive in relation to that acculsition. Details must be included even if the benefit is conditional on the nappening or not of a contingency. Details must be included of any benefit paid on benalf 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.
• 18 If the substantial holder is unable to determine the identity of the person (eq. if the relevant interest arises pecause of an option) write funknown.
• $\langle \hat{Q} \rangle$ Give details. If appropriate, of the present association and any change in that association since the last substantial holding notice.

JINDALEE RESOURCES LIMITED $(ACN 064 121 133)$

This is Annexure ("A") of 2 pages referred to in

Form 604 Corporations Act 2001 Section 671b

Notice of change of interests of substantial holder

Changes in relevant interests $3.$

Date of Change	Person whose relevant interest charged	Nature of Change (6)	Consideration given in relation to change $(7)$	Class and number of securities affected	Person's votes affected
21 12 2005	Teck Cominco Australia Pty Ltd	On market sale of Shares	S0.35 per Share	519.500 ordinary fully paid	519,500
21/12/2005	Teck Cominco Limited	On market sale of Shares	\$0.35 per Share	519.500 ordinary fully paid	519,500
21 12 2005	Temagami Mining Company Ltd	On market sale of Shares	\$0.35 per Share	519,500 ordinary fully paid	519.500

$\overline{4}$ . Present relevant interests

Person whose relevant interest charged	Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest $(6)$	Class and number of securities	Person's votes
Teck Cominco- Australia Ptv Ltd	Teck Cominco Australia Pty Ltd	Teck Cominco Australia Pty Ltd	Teck Comineo Australia Pty Ltd	Registered holder	2,050,000 fully paid. ordinary shares	2,050,000
Teck Cominco Limited	Teck Comineo Limited	Teck Cominco Australia Pty Ltd	Teck Cominco- Australia Pty Ltd	existing by virtue of Section 608(3). of the Corporations Act	2,050,000 fully paid ordinary shares	2.050,000
Temagami Mining Company Ltd	Temagami Mining Company Ltd	Teck Cominco Australia Ptv Ltd	Teck Comineo Australia Pty Ltd	existing by virtue of Section $608(3)$ of the Corporations Act	2,050,000 fully paid ordinary shares	2.050.000

6. Addresses

Name	Address
Teck Comineo Australia Pty Ltd	Level 2, 35 Ventnor Avenue, West Perth, Western Australia
Teck Cominco Limited	Suite 600, 200 Burrard Street, Vancouver, British Columbia, Canada V6C 3L9
Temagami Mining Company Ltd	Suite 600, 200 Burrard Street, Vancouver, British Columbia. Canada V6C 31.9

Signed:

$\sim$

$\sqrt{\frac{1}{\text{Thomas } \text{Wayne Spilsbury}}}$

Dated: 23/12/05