LEGEND MINING LIMITED — Major Shareholding Notification 2006

Jul 25, 2006

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

Tо	Company Name/Scheme	Legend Mining Limited
ACN/ARSN		060 966 145
1.	Details of substantial holder(1)
Name	ACN/ARSN (if applicable)	006 712 956	Australian Gold Resources Pty Ltd
	There was a change in the interests of the substantial shareholder on		21/07/06
	The previous notice was given to the company on		-05 09. 27
	The previous notice was dated		7 05 - 09 27

$\overline{2}$ . Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of Securities(4)	Previous notice		--------------------------------------- l resent notice.
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinarv Fullv Paid-	157,485,000	36.75%	395.485.000	45.91%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associating/securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of	Person whose	Nature of change	Consideration	Class and	Person's votes
change	relevant interest	(6)	given in	number of	affected
	changed		relation to	securities
			change (7)	affected
18/07/06	Yandal Investments	Conversion of		125,000,000
	Pty Ltd	Convertible Note	\$5,000,000	Ordinary Shares	125,000,000
18/07/06	Yandal Investments	Conversion of		125,000,000
	Ptv Ltd	Options	\$5,000,000	Ordinary Shares	125,000,000
20/07/06	Yandal Investments	Sale of Ordinary
	Ptv Ltd	Shares	\$480.000	12.000.000	12.000.000

Present relevant interests 4.

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

Holder of	Registered	Person entitled to	Nature of	Class and	Person's votes
relevant interest	holder of	be registered as	relevant	number of
	securities	holder (8)	interest $(6)$	securities
Yandal Invest.	Yandal Invest.	Yandal Invest.		245,500,000
Ptv Ltd	Pty Ltd	Ptv Ltd	Direct	Ord. Shares	245.500.000
Australian	Australian Gold	Australian Gold		149,985,000
Gold Resources	Resources Pty	Resources Pty	Direct	Ord. Shares	149.985.000
Pty Ltd	Ltd	Ltd

$\mathbf{5}_{\star}$ Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have 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	,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ------------- Nature of association
applicable 1	. ------------------
	_________
	. 1

6. Addresses

Name	Address
	Yandal Investments Pty PO Box 4, Mosman Park, WA 6912
Ltd – 082 760 629
	Australian Gold Resources PO Box 4, Mosman Park, WA 6912
Ptv Ltd – 006 712 956	.

Signature

MARK GAREAN CREASY Sove JIRECAR / SECRESTY Print name Sign here

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 membershp of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Law.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Law. $(3)$
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• Include details of: $(6)$
• any relevant agreement or other circumstances because of which the change in relevant interest $(a)$ occurred. 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
• any qualification of the power of a person to exercise, control the exercise of, or influence the (b) 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 Law.

• $(7)$ 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, 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.
• $(8)$ If the substantial holder is unable to determine the identify of the person (eg. If the relevant interest arises because of an option) write "unknown".
• $(9)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.