KING RIVER RESOURCES LIMITED — Major Shareholding Notification 2008

Aug 6, 2008

603 Page 1 of 3 15 July 2001

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme Niplats Australia Limited (“Niplats”)

ACN/ARSN ACN 100 714 181

1. Details of substantial holder (1)

Copperco Limited and and each of the companies listed in Annexure “A” Name (together “CopperCo”) ACN/ARSN (if applicable) ACN 004 434 904

The holder became a substantial holder on

04/08/08

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)
Ordinary Shares	30,000,000	30,000,000	40.11%

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
CopperCo	Acquisition of a relevant interest (under s.608(1) and 608(3) of the Corporations Act) in ordinary shares in Niplats arising upon CopperCo’s takeover offer of Mineral Securities Limited being declared unconditional.	30,000,000 ordinary shares

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	Person entitled to be registered asholder(8)	Class and number of securities
CopperCo	Mineral Securities Holdings Pty Ltd	Mineral Securities Holdings Pty Ltd	30,000,000 ordinary shares

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)	Consideration (9)	Class and number of securities
		Cash	Non-cash
CopperCo	04/08/08	N.A.	Consideration payable on the terms of CopperCo’s takeover offer	30,000,000

603 Page 2 of 3 15 July 2001

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)	Nature of association
Refer to Annexure A	Members of the CopperCo group of companies are associates of CopperCo Limited and each other pursuant to sections 12(2)(a)(i), (ii) or(iii) of the Corporations Act 2001(Cth).

7. Addresses

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

Name	Address
CopperCo and its subsidiaries	Level 22, Allendale Square, 77 St Georges Terrace, Perth WA 6000

Signature

print name Phillip Hartog capacity Company Secretary sign here date 07/08/2008

DIRECTIONS

• (1) 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.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (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 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:

• (a) any relevant 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 arrangement; and

• (b) 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".

• (9) 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, 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.

603 Page 3 of 3 15 July 2001

Annexure “A” to ASIC Form 603

This is Annexure “A” of 1 page referred to in ASIC Form 603– Notice of initial substantial holder. Dated this 7[th] day of August 2008

==> picture [89 x 42] intentionally omitted <==

Phillip Hartog Company Secretary CopperCo Limited

1. Substantial holders The following persons are substantial holders by virtue of being associates of CopperCo Limited, pursuant to sections 12(2)(a)(i), (ii) or (iii) of the Corporations Act 2001 (Cth).

ACN/Company No.	Company Name	Country of Incorporation
120 883285	CopperCo Queensland OperationsPtyLtd	Australia
079 361 407	CopperCoMineralsPtyLtd	Australia
077 507 521	Millenium Minerals (Operations)PtyLtd	Australia
009 398 725	Copperwell PtyLtd	Australia
073222045	LadyAnniePtyLtd	Australia
076289 097	LadyAnnie OperationsPtyLtd	Australia
096 358 735	Savannah ResourcesPtyLtd	Australia
1390447	MineralSecuritiesLimited	BritishVirgin Islands
125112325	MineralSecuritiesInvestments (Australia)PtyLtd	Australia
091 158 593	MineralSecurities OperationsLimited	Australia
092525 614	MineralSecuritiesHoldingsPtyLtd	Australia
117 927 965	Platmin HoldingsPtyLtd	Australia
109470 644	MineralSecurities (China)PtyLtd	Australia
111364562	MineralSecurities (NK)PtyLtd	Australia
097479420	AlliedMiningPtyLtd	Australia
097126 773	GoodwestInvestmentsPtyLtd	Australia
095 682643	Austalian FerroalloysPtyLtd	Australia
125 939291	AustralisExploration PtyLtd	Australia
009 633 096	KadinaPtyLimited	Australia
119248243	Scarborough Minerals (Australia)PtyLtd	Australia
000 741373	BukaMineralsPtyLimited	Australia
064048497	BukaMinerals (LadyLoretta No.2)	Australia
009280 086	Manor Resources NL	Australia
008 744714	ScarboroughNL	Australia
009173 880	DanaeResourcesPtyLimited	Australia
077189 096	BukaTechnologiesPtyLtd	Australia
925294	MineralSecuritiesHongKong (NK)Limited	HongKong
943579	MineralSecurities GoldenSeaLimited	HongKong
669079	CuestaResources (BVI)Limited	BritishVirgin Islands
669078	AlgarroboHoldings (BVI)Limited	BritishVirgin Islands
1390446	MinsecInvestments (BVI)Limited	BritishVirgin Islands
	MinsecInvestmentHoldings (BVI)Limited	BritishVirgin Islands
	Scarborough Minerals plc	England
	AndaluclaMineralServicesLimited	England
	SierraMineralsLimited	England
	SierraExplorations SA	Chile
	ThraceInvestmentsBV	Netherlands
	Kyprou GoldLimited	England
	ThraceMineralsHelas SA	Greece
	Greenwich Resources (Czech Republic)	Czech Republic
	Scarborough Minerals (Finance)Limited	England
	Scarborough Minerals OverseasHoldingsLimited	England
	Scarborough MineralsInternational BV	Netherlands
	SMCorporate SecretaryLimited	England
	SMCorporateDirector Limited	England
	Multiplex DevelopmentZarmitan Limited	England
112731638	Buka GoldLimited	Australia