MATSA RESOURCES LIMITED — Major Shareholding Notification 2005

Oct 23, 2005

J.

15 July 2001 68604 páge 1/2

Form 604

Corporatione Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme		Kaigoorte-Boulder Resources Limited
ACN	106732487
1. Details of substantial nolder(1)
Name		Mr Royce William Allen
ACNAREN (if applicable)
There was a change in the interests of the substanted to ker on		20 / 10 / 05
The previous notice was given to the company on.		02/06/05
The previous notice was dated		01/06/05
2. Previous and present voting power

The total number of votas attached to all the voting shares in the company or voting interests in the acheme that the substantial moder or an associate (2) had a ratevant inlevest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Clean of sequence (4)	Previous notice		Present rictice
	Parson's volus	Voting power (5)	Person's votes Voting power	15
Ordinary Shares	5,345,000	16.3%	5.046.000	15.08%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a newark linenest of the substantial holder or an associate in voting securities of the
company or scheme, since the substantial holder was lest required to give a

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration प्रदेशका है। relation to change (7)	Class and number of securities. affected	Person's votes affected
06/06/05	Royce W Allen Vera O Allen	On Market Purchase	\$4,305.00	ORD 20500	0.06%
07/06/05	Royce W Allen Vera O Alien	On Market Purchase	\$1060.00	ORD 5000	0.01%
09/06/05	Royce W Allen Vera O Allen	On Market Purchase	\$577.00	ORD 2050	0.008%
19/08/05	Royce W Allen Vera O Allen	On Market Sale	\$19037.00	ORD 100,000	0.30%
18/10/05	Royce W Allen Vera O Alfen	On Market Sale	\$25650.00	ORD 128,250	0.38%
20/10/06	Royce W Allen Vera O Allen	On Market Sale	\$19050.00	ORD 100,000	0.30%

4. Present relevant interests

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

$\ddot{\phantom{a}}$

Holder of relevent interest	Registered holder of SOCUTIONS	Penson entitled to be registered as holder -60	Nature of relevant Interest (6)	Class and mumber of BOCURROS	Person's VORES
R. W. Aben	R.W. Allen	R.W. Allen	Direct	5,045,000	15.06%
R.W. Allen	R.W. Allen	R.W. Allen	Direct		0.00%
V.O. Allen	V.O. Allen	V.O. Allen

. .	_________
--
		_________	and the contract of the contract of the contract of the contract of the contract of the contract of the contract of
	________

TO4 Page 2/2 15 July 2001

5. 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 inferests in the company or achenne are as follows:

--- Name and ACN/ARSN ara di Antonio e	_ dian $-$ - - - - - - - - - - - - - - - - - - - . ___ ___
,,,,,,,, a STATISTICS 1.47777777 $\sim$ ـ . . . .	---- --- . ,,,,,,,,,,,,,,,,,,,, Companies and Company --

b. Addressee

The eddresses of persons named in this form are:

sion here

	Nam			Arkiness
		- سىرى سانا			$-1$	DUDGEY	MANDURANT WA. 6210
						ASUZ SE, DUDLEY	tree MANDVRM WA 620
Signature			140 mm ROWE WILLIAM PUEN. VERT OLIVE PRESSPARATIV

$d$ ate $34/10$ $65$

DIRECTIONS

• (1) if there are a number of substantial holders with similar or retated 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 8 of the form.
• (2) See the definition of "associate" in section 8 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 volting 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.
• (6) Include details of:
• any relevant agreement or other orcunstances because of which the change in relevant interest occurred. If subsection 671B(4) applies,
  a copy of any document setting out the terms of any relevant agreement, and a statement (a) 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 exercise of, the voting powers or disposal of œ. 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,

(7) Details of the consideration must include any and all benefits, money and other, that any person from whom a milevant interest was scoulded has,
or may, became entited to receive in relation to that acquisition. Detail 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.

(5) 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".

Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. m.