MAGNETITE MINES LIMITED. — Director's Dealing 2007

Nov 25, 2007

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 30/9/2001.

Name of entity ROYAL RESOURCES LIMITED ARBN 34 108 102 432

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	PHILIP GEORGE CRABB
Date of last notice	22/10/2007

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

Direct or indirect interest	BOTH DIRECT AND INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Relevant interests arise by virtue of the power to control the voting rights attached to the securities of the entities.
Date of change	22/11/2007

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change Philip G Crabb June W Crabb Barcfin Pty Ltd Darkdale Pty Ltd Gemini Mining Pty Ltd Ioma Pty Ltd Midland Mines Pty Ltd Ragged Range Mining Pty Ltd The Crabb Superannuation Fund	176,378 ordinary shares. 35,275 quoted options exercisable at 20 cents per option on or before 11 July 2009. 4,470 ordinary shares. 7,765 ordinary shares. 887,479 ordinary shares. 326,966 quoted options exercisable at 20 cents per option on or before 11 July 2009. 7,765 ordinary shares. 6,154,003 ordinary shares. 2,567,837 quoted options exercisable at 20 cents per option on or before 11 July 2009. 1,000,000 unquoted options exercisable at 20 cents per option on or before 31 January 2011. 1,000,000 unquoted options exercisable at 50 cents per option on or before 30 June 2012. 7,765 ordinary shares. 3,565,285 ordinary shares. 713,057 quoted options exercisable at 20 cents per option on or before 11 July 2009. 187,500 ordinary shares 137,500 quoted options exercisable at 20 cents per option on or before 11 July 2009
Class	Ordinary shares.
Number acquired Ioma Pty Ltd	-
Number disposed Ioma Pty Ltd	200,000

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.427 per share.
No. of securities held after change Philip G Crabb June W Crabb Barcfin Pty Ltd Darkdale Pty Ltd Gemini Mining Pty Ltd Ioma Pty Ltd Midland Mines Pty Ltd Ragged Range Mining Pty Ltd The Crabb Superannuation Fund	176,378 ordinary shares. 35,275 quoted options exercisable at 20 cents per option on or before 11 July 2009. 4,470 ordinary shares. 7,765 ordinary shares. 887,479 ordinary shares. 326,966 quoted options exercisable at 20 cents per option on or before 11 July 2009. 7,765 ordinary shares. 5,954,003 ordinary shares. 2,567,837 quoted options exercisable at 20 cents per option on or before 11 July 2009. 1,000,000 unquoted options exercisable at 20 cents per option on or before 31 January 2011. 1,000,000 unquoted options exercisable at 50 cents per option on or before 30 June 2012. 7,765 ordinary shares. 3,565,285 ordinary shares. 713,057 quoted options exercisable at 20 cents per option on or before 11 July 2009. 187,500 ordinary shares 137,500 quoted options exercisable at 20 cents per option on or before 11 July 2009.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On-market trade.

Part 2 – Change of director’s interests in contracts

Detail of contract	N/A
Nature of interest
Name of registered holder (if issued securities)
Date of change

• See chapter 19 for defined terms.

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Appendix 3Y

Change of Director’s Interest Notice

No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms. Appendix 3Y Page 4

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