MATSA RESOURCES LIMITED — Major Shareholding Notification 2007

Sep 27, 2007

1. SEP. 2007. 8:35 FREEHILLS PERTH

7061 Columbia Gateway Drive Columbia, Maryland 2106 USA

Company Announcements Office To: ASX Limited

Fax: 1900 999 279

Company Secretary cc. Kalgoorlie-Boulder Resources Ltd

Fax: 08 9228 8685

Please find attached a Form 603 on behalf of RASL AU LLC which due to an administrative oversight was not filed when required by the Corporations Act. We note that the issue of shares in the Company to RASL AU LLC was approved by Shareholders at a Shareholder's meeting of 6 March 2007 and an Appendix 3X was filed in relation to Messrs Alter and Lewis on 16 March 2007.

Yours faithfully

Stanley Lewis

RASLAULLC

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Kalgoorlie-Boulder Resources Ltd
ACN/ARSN	106 732 487
Details of substantial holder (1) 1. Name ACN/ARSN (if applicable)	RASL AU LLC п/з

The holder became a substantial holder on

08/03/2007

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 Fully Paid	50,000,000	50,000,000	31.0769%

$\mathbf{3}_2$ Details of relevant interests

The nature of the relevent interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial

Holder of relevant interest	Nature of relevant interest ה	Class and number of securities
RASL AU LLC	Holder of securities	Ordinary Fully Paid Shares, 50,000,000
Each of Richard Alter and Stanley Lews	Relevant interest under section $608(1)(b)$ and (c) of the Corporations Act (as joint controllers) OLRASL ALLIJCY	Ordinary Fully Paid Shares, 50,000,000

. 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 as holder (8).	Class and number of securities
RASL AU LLC	RASL AU LLC	n/a	Ordinary Fully Paid Shares, 50,000,000

Consideration

he 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

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
RASL AU LLC	08/03/07	n/a	Sce Annexure	Ordinary Fully Paid Shares,

$\mathbb{Z}^2$

Ġ. 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

7. Addresses

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

Name	Address
RASL AU LLC	7061 Columbia Gateway Drive, Columbia, Maryland 2106, USA
Stanley Lewis	c/- RASL AU LLC, 7061 Columbia Gateway Drive, Columbia, Maryland 2106, USA
Richard Alter	As per Stanley Lewis

Signature

print name STANLEY LEWIS	capacity Director/President
$\mathfrak{sign}$ here $\diagup\diagup\diagup\diagup\diagdown\diagdown\diagdown\diagdown\diagdown\diagdown\diagdown\diagdown\diagdown\diagdown\diagdown\diagdown\diagdown\$	date 6/09/2007

DIRECTIONS

• If there are a number of substantial bolders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustoe of an equity trust), the names could be included in an ann $1)$ clearly set out in paragraph 7 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. Ż)
• 33 See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• 4) The voltug shares of a company constitute one class unless divided into separate classes.
• 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 5) relevant interest in.
• 5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• Z) Include details of:
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document $\left( \circ \right)$ setting our 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
• 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 $\circledcirc$

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

• š) 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".
• 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 m r) not paid directly to the person from whom the relevant interest was acquired.

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This is Amexure "A" of 1 page referred to in the Form 603 (Notice of initial substantial shareholder), signed by me and dated September 2007.

$26200$ $\sum \phi$ September 2007 Date:

Stanley Lewis

Details of non-cash consideration

a Heads of Agreement between the Company and RASL AU LLC made 7 December 2006 which issue was 100% interest of Australian Gold Investments Pty Ltd (AGI) (now called Australian Strategic and Precious Metals Investments Pty Ltd) by RASL AU LLC to Kalgoorlie-Boulder Resources Ltd (KBRL) pursuant to The shares were issued to RASL AU LLC on 8 March 2007 as part of the consideration for the transfer of approved by KBRL shareholders at a meeting on 6 March 2007. See KBRL notice of general meeting released to ASX on 2 February 2007 for further details.