METEORIC RESOURCES NL — Interim / Quarterly Report 2006

Jul 27, 2006

t 08 9485 2836 £ 08 9485 2840 e info@meteoric.com.au w meteoric com au-

2nd Roor 35 dutram st west perth wa 6005 po box 963 west perth. western australia 6872

OUARTERLY REPORT For the Quarter Ended 30 June 2006

METEORIC RESOURCES NI, abn 64 107 985 651.

SUMMARY

• Encouraging results, including 7m at 13.4g/t Au and 10m at 7.1g/t $\blacksquare$ Au, from a close-spaced 54-hole RC drilling programme in two test areas at Harrods Central. The detailed drilling has, for the first time, allowed mineralisation shapes to be interpreted at Harrods with some confidence. The two test areas are estimated to make up less than 20% of the Harrods Central sheeted vein system. Modelling of the shape and grade of the test areas is now in progress with a major drill-out envisaged to start in the September quarter.
• Infill RAB drilling at Harrods South confirms gold mineralisation $\blacksquare$ over a strike length of 800m and provides targets for further drilling.
• An under-explored property optioned adjacent to the Wilthorpe $\blacksquare$ project expected to provide new drilling targets within 5km of Harrods.
• Exploration for gold and nickel has commenced at Ularring NW of $\blacksquare$ Coolgardie and geochemical surveys for gold are about to start at Ruby Well, north of Meekatharra.

WILTHORPE (Meteoric 90%)

As recently reported (ASX release of 25 July 2006), a 54-hole, 3,297m RC drilling programme has been completed at Harrods Central following delays caused by several rain events. Harrods Central forms part of Meteoric's Wilthorpe gold project situated 25km south of the 1Moz Fortnum gold mine in the Peak Hill goldfield, WA. The close-spaced drilling (12.5m centres) tested two 50m x 50m panels (termed Areas A and B) to a depth of 50m to provide more information on the shape of the mineralisation and on the open cut potential of the Harrods Central sheeted vein system - see Figure 1.

Significant results from Area A include 5m at 6.2q/t Au from 4m, 7m at 9.1q/t from 31m (including 2m at 25.9g/t), 3m at 12.7g/t from 45m, 2m at 10.3g/t from 40m and 10m at 7.1a/t from 23m. Results from Area B include 1m at 20.9a/t from 56m. 1m at 12.4a/t from 33m, 7m at 13.4g/t from 35m, 11m at 4.7g/t from 3m (including 4m at 10.7g/t) and 3m at 7.6q/t from 53m. A 10m-wide post-mineral dolerite dyke transects the centre of Area B. The drilling results from Areas A and B are summarised in Tables 1 and 2 respectively. The close-spaced drilling has, for the first time, allowed mineralisation shapes to be interpreted at Harrods with some confidence.

These encouraging results confirm the presence of numerous steep-dipping ENE trending quartz veins and stringers in each of the 50m-wide test areas as shown in the sections in Figures 2 and 3. The mineralised zones range from 0.5m to more than 5m in thickness and remain open at depth and along strike. In plan, the mineralisation is interpreted to comprise numerous steep-plunging shoots and lenses ranging from 10m to more than 50m in length. The two test panels are estimated to comprise less than 20% of the currently identified more intensely mineralised area at Harrods Central.

Geological consultants have been engaged to model the shape and grade of the mineralisation within the two test areas and are expected to report on this exercise by mid August. The results of this study will be used to determine the optimum drilling density required for resource evaluation at Harrods. It is envisaged that Meteoric is likely to embark on a major drill out in the September quarter based on the results of the current study, in order to test the open cut potential of the remaining 80% of Harrods Central.

In addition to the detailed RC drilling a 107-hole, 6.397m RAB drilling programme was completed, mainly focussed on infilling to 50m line spacing previous drilling at Harrods South about 1km south of Harrods Central. Significant results include 1m at 6.1g/t Au from 37m, 1m at 5.9g/t from 11m, 1m at 11.7g/t from 7m, 1m at 6.5m from 40m, 2m at 4.8g/t from 48m and 1m at 4.7g/t from 71m with results shown in Table 3. The drilling confirms the presence of numerous narrow mineralised veins trending ENE over a strike length of 800m. In the central section of this zone the corridor of sheeted veins broadens to more than 100m in width. Further drilling to assess this mineralisation is likely to proceed in conjunction with the Harrods Central evaluation.

Adiacent to its Wilthorpe exploration licence. Meteoric has optioned a 160ha prospecting licence where RAB drilling in the 1980's intersected shallow gold mineralisation within metasediments (best intersection 3m at 1.3g/t Au from 24m). Gold mineralisation and anomalism can be traced over a 500m strike length in an ENE direction. A detailed ground magnetic survey has been carried out prior to drill testing of this new target about 5km SSW of Harrods Central. A second nearby 105ha tenement has also been optioned subject to grant of access. Meteoric may acquire a 100% interest in the tenements by making a cash payment within two years plus a 2% gross royalty applicable after the first 25,000ozs of gold production.

Figure 1 Harrods Prospect - Bedrock Geochemistry and Drilling

Figure 2 Harrods Area A Drill Sections

Figure 3 Harrods Central Area B Drill Sections

Table 1

HARRODS AREA "A"
RC DRILL INTERSECTIONS

Hole No		Collar Coordinates	From	То	Interval	Gold Grade
	Е	N	m	m	m	g/t
WDRC-60	636462.5	7174272	4	$\overline{9}$	$\overline{\mathbf{5}}$	6.2
		including	5	7	$\overline{2}$	13.8
			$\overline{12}$	$\overline{13}$	1	1.3
WDRC-61	636462.5	7174297	4	$\overline{6}$	$\overline{2}$	1.1
			7	$\overline{13}$	$\overline{6}$	$\overline{1.2}$
			22	24	2	1.8
			52	53	1	1.1
WDRC-62	636462.5	7174309.5	9	15	6	1.4
			$\overline{18}$	19	$\overline{\mathcal{L}}$	1.7
			21	23	$\overline{2}$	3.5
			27	28	1	1.0
			38	$\overline{39}$	1	1.0
			41	42	1	2.2
			54	57	3	5.3
WDRC-63	636462.5	7174322	49	50	1	2.3
			57	59	$\overline{2}$	1.2
			61	62	$\overline{\mathbf{1}}$	1.4
WDRC-64	636462.5	7174347	$\overline{37}$	$\overline{43}$	6	$\overline{2.3}$
WDRC-65	636475	7174304	$\overline{5}$	$\overline{6}$	1	1.1
			28	29	1	1.1
WDRC-66	636475	7174316.5	4 $\overline{17}$	$\overline{9}$ 19	$\overline{5}$ $\overline{2}$	1.3
			27	33	6	1.6 1.5
			$\overline{35}$	$\overline{36}$	1	1.5
WDRC-67	636475	7174329	31	34	3	1.5
			$\overline{36}$	$\overline{37}$	1	1.3
			51	52	1	1.1
WDRC-68	636475	7174341.5	9	$\overline{15}$	$\overline{6}$	2.3
		including	13	14	1	7.1
			$\overline{21}$	$\overline{22}$	1	1.1
			27	31	4	$1.\overline{2}$
			34	36	$\overline{2}$	3.8
			38	39	$\overline{\mathbf{f}}$	1.0
			50	53	$\overline{3}$	2.4
WDRC-69	636462.5	7174334.5	15	17	$\overline{2}$	4.8
			25	28	$\overline{3}$	1.8
			58	60	$\overline{2}$	4.6
WDRC-70	636475	7174354	30	31	1	2.7
			35 39	36 49	1 $\overline{2}$	1.8 3.3
			51	53	$\overline{2}$	1.3
WDRC-72	636487.5	7174323.5	7	10	$\overline{3}$	1.1
			31	38	$\overline{\mathbf{7}}$	9.1
		including	$\overline{35}$	$\overline{37}$	$\overline{2}$	25.9
			55	57	2	2.0
WDRC-73	636487.5	7174336	15	16	1	1.4
			24	25	1	2.5
			47	48	1	1.4
			58	59	1	1.3
WDRC-74	636487.5	7174348.5	17	18	1	2.7
			50	57	7	2.9
		including	55	56	1	13.6

Hole No		Collar Coordinates	From	Т٥	Interval	Gold Grade
	Е	N	m	m	m	g/t
WDRC-75	636487.5	7174361	$\overline{19}$	$\overline{20}$	1	1.1
			32	34	$\overline{2}$	2.6
			$\overline{38}$	39	1	1.4
			46	48	$\overline{2}$	$\overline{1.2}$
			66	68	$\overline{2}$	1.6
			73	74	1	$\overline{1.7}$
WDRC-76	636500	7174329.5	$\overline{21}$	$\overline{23}$	$\overline{2}$	$\overline{1.2}$
			35	$\overline{36}$	1	$\overline{1.5}$
			45	48	3	12.7
			55	56	1	2.3
			76	80	4	1.6
WDRC-77	636500	7174342	12	13	1	2.1
			20	23	$\overline{\overline{3}}$	2.9
			44	45	ī	1.0
			48	50	$\overline{2}$	4.2
WDRC-78	636500	7174367	40	42	$\overline{2}$	$\overline{2.3}$
			62	65	$\overline{\overline{3}}$	1.5
WDRC-79	636512.5	7174337.5	$\overline{58}$	59	1	$\overline{3.0}$
WDRC-80	636512.5	7174325	50	52	$\overline{2}$	1.5
			$\overline{53}$	$\overline{54}$	1	1.0
WDRC-81	636512.5	7174350	12	13	1	1.3
			$\overline{20}$	$\overline{21}$	1	$\overline{1.2}$
			30	31	1	1.4
			40	42	$\overline{2}$	10.3
		including	40	41	$\overline{\mathbf{1}}$	19.7
			49	$\overline{51}$	$\overline{2}$	5.0
WDRC-82	636512.5	7174362.5	$\overline{15}$	$\overline{18}$	$\overline{\overline{3}}$	1.5
			32	34	$\overline{2}$	3.2
			36	$\overline{37}$	1	1.7
			52	57	$\overline{5}$	2.8
WDRC-106	636462.5	7174259.5	18	20	$\overline{2}$	4.3
WDRC-107	636512.5	7174312	6	7	1	$\overline{1.2}$
			11	12	1	1.4
			23	$\overline{33}$	$\overline{10}$	7.1
		including	$\overline{24}$	$\overline{25}$	1	31.0
		including	29	$\overline{31}$	$\overline{2}$	9.8
			$\overline{48}$	50	$\overline{2}$	1.2

1m samples, uncut.

Drill azimuth 180°, dip -60°

Samples analysed using lead collection fire assay (50g charge) and flame AAS finish

Table 2

HARRODS AREA "B" RC DRILL INTERSECTIONS

Hole No		Collar Coordinates	From	Τo	Interval	Gold Grade
	Е	N	m	m	m	g/t
WDRC-83	636512.5	7174362.5	22	24	$\overline{2}$	3.2
			31	$\overline{33}$	$\overline{2}$	1.4
			50	53	$\overline{3}$	2.3
WDRC-85	636530	7174446.5	24	25	1	1.2
WDRC-86	636530	7174459	50	51	1	1.4
WDRC-87	636542.5	7174415.5	17	18	1	1.6
			44	49	$\overline{5}$	2.0
WDRC-88	636542.5	7174428	33	34	1	1.7
WDRC-89	636542.5	7174440.5	$\overline{5}$	$\overline{6}$	$\overline{1}$	1.1
			$\overline{17}$	20	$\overline{3}$	1.5
			50	52	$\overline{2}$	3.0
WDRC-90	636542.5	7174353	$\overline{7}$	8	1	1.7
			34	36	$\overline{2}$	3.6
WDRC-92	636555	7174422	35	37	$\overline{2}$	1.3
			$\overline{42}$	44	$\overline{2}$	1.1
			55	60	$\overline{\mathbf{5}}$	5.5
		including	56	$\overline{57}$	ī	20.9
			$\overline{74}$	$\overline{75}$	1	1.4
WDRC-93	636555	7174434.5	$\overline{5}$	$\overline{6}$	1	1.4
			36	37	1	1.3
			43	47	4	1.3
			50	55	$\overline{5}$	3.2
			61	63	$\overline{2}$	3.7
WDRC-94	636555	7174447	18	19	1	1.5
			$\overline{22}$	$\overline{23}$	$\overline{1}$	$\overline{1.2}$
WDRC-95	636555	7174459.5	10	11	1	1.0
			18	22	4	3.0
			28	29	1	1.1
			43	45	$\overline{2}$	2.8
WDRC-96	636555	7174472	31	35	4 $\overline{\mathbf{1}}$	3.7
WDRC-97	636567.5	including 7174428.5	33 16	34 18	$\overline{2}$	12.4 1.1
			$\overline{33}$	34	$\overline{\mathbf{1}}$	1.8
			40	42	$\overline{2}$	$\overline{1.1}$
			55	56	1	1.8
WDRC-98	636567.5	7174441	4	11	7	1.6
			13	17	4	1.2
WDRC-99	636567.5	7174453.5	g	10	1	1.9
			26	28	$\overline{2}$	1.7
			32	$\overline{34}$	$\overline{2}$	1.4
WDRC-100	636567.5	7174466	12	14	$\overline{2}$	6.7
			$\overline{19}$	$\overline{21}$	$\overline{2}$	1.4
			38	39	1	1.7
			50	51	1	1.2
WDRC-101	636580	7174435	21	22	1	1.0
			29	32	$\overline{\mathbf{3}}$	2.7
WDRC-102	636580	7174447.5	7	9	$\overline{2}$	4.0
			13	$\overline{15}$	$\overline{2}$	$\overline{3.1}$
			21	22	$\overline{1}$	3.9
			49	52	$\overline{\mathbf{3}}$	2.1
			56	57	1	1.1

Hole No		Collar Coordinates	From	To	Interval	Gold Grade
	Е	N	m	m	m	g/t
WDRC-103	636580	7174460	$\overline{5}$	$6\overline{6}$	1	1.7
			$\overline{23}$	$\overline{24}$	1	$\overline{3.2}$
			$\overline{26}$	$\overline{27}$	ī	11.5
WDRC-104	636580	7174472.5	$\overline{36}$	38	$\overline{2}$	4.8
			40	43	$\overline{\textbf{3}}$	1.0
			50	$\overline{51}$	1	2.4
WDRC-105B	636580	7174481	$\overline{2}$	$\overline{3}$	1	1.0
			$\overline{6}$	$\overline{7}$	$\overline{1}$	1.3
			10	11	1	3.3
			14	$\overline{17}$	$\overline{3}$	2.3
			44	46	$\overline{2}$	1.4
			59	60	$\overline{1}$	1.9
WDRC-108	636542.5	7174402.5	9	11	$\overline{2}$	1.1
			17	19	$\overline{2}$	1.2
			34	35	1	1.6
			$\overline{54}$	$\overline{55}$	1	1.1
WDRC-109	636555	7174409	11	12	1	1.0
			25	$\overline{29}$	4	2.8
			35	42	7	13.4
			43	44	1	1.1
			47	48	1	1.3
WDRC-110	636567.5	7174416	$\overline{0}$	$\overline{2}$	$\overline{2}$	$\overline{3.2}$
			$\overline{\mathbf{3}}$	14	11	4.7
		including	$\overline{\overline{\overline{8}}}$	$\overline{12}$	4	10.7
			$\overline{43}$	46	$\overline{3}$	4.6
			59	60	$\overline{1}$	$2.4$ eoh
WDRC-111	636567.5	7174439	$\overline{2}$	10 1	$\overline{\mathbf{8}}$	2.4
		including	4	6	$\overline{2}$	5.5
			$\overline{34}$	$\overline{36}$	$\overline{2}$	3.0
			$\overline{38}$	39	1	1.0
			$\overline{53}$	56	3	7.6
WDRC-112	636580	7174421.5	3	$\overline{5}$	$\overline{2}$	$\overline{1.3}$
			$\overline{7}$	$\overline{9}$	$\overline{2}$	1.0

1m samples, uncut.

Drill azimuth 180°, dip -60°

Samples analysed using lead collection fire assay (50g charge) with flame AAS finish

Table 3

HARRODS SOUTH RAB INTERSECTIONS

Hole No		Collar Coordinates	From	Τo	Interval	Gold Grade
	Е	N	m	m	m	g/t
WDRB-927	636050	7172930	8	9	1	1.3
WDRB-929	636050	7172884	16	$\overline{17}$	1	1.6
WDRB-930	636150	7172970	33	34	1	1.8
WDRB-937	636250	7173076	35	36	1	1.1
WDRB-938	636250	7173052	36	39	3	2.4
		including	37	38	1	6.1
WDRB-941	636352	7173190	82	83	1	1.4
WDRB-942	636352	7173146	39	43	4	1.7
			50	56	$\overline{6}$	1.6
WDRB-943	636352	7173108	11	12	1	5.9
			27	29	2	1.4
WDRB-944	636352	7173084	52	54	$\overline{2}$	1.1
WDRB-947	636450	7173154	12	13	1	1.7
			16	17	1	1.8
WDRB-948	636450	7173114	32	34	2	2.4
WDRB-949	636450	7173080	6	7	1	1.2
			$\overline{9}$	12	$\overline{3}$	2.3
			24	$\overline{25}$	1	1.6
WDRB-950	636550	7173305	33	34	1	1.0
WDRB-951	636550	7173278	$\overline{20}$	$\overline{21}$	1	4.2
WDRB-952	636550	7173241	$\overline{7}$	8	1	11.7
			35	$\overline{37}$	2	1.4
WDRB-953	636550	7173212	5	7	2	1.3
			$\overline{15}$	16	1	4.5
			56	57	1	1.7
WDRB-954	636550	7173177	33	35	$\overline{2}$	2.4
			40	41	1	6.5
			44	46	2	1.3
			60	61	1	4.4
			62	63	1	1.1
			66	67	1	1.4
		7173295	68 20	69 21	1 1	3.0 1.2
WDRB-956	636650		22	25	$\overline{3}$	1.0
			37	38	1	1.4
			40	42	2	1.0
			48	50	$\overline{2}$	4.8
			51	52	1	1.9
WDRB-958	636650	7173249	16	17	1	2.5
WDRB-961	636748	7173330	71	72	1	4.7
WDRB-964	636751	7173244	13	14	1	1.3
WDRB-965	636748	7173199	70	72	$\overline{2}$	1.1
WDRB-967	636747	7173138	$\overline{13}$	14	1	1.5
WDRB-969	636746	7173177	45	46	1	1.6
WDRB-970	636849	7173339	10	11	1	1.2
WDRB-972	636849	7173281	14	17	3	1.1
			18	19	1	4.0
WDRB-985	637100	7173330	13	14	1	1.7
			15	16	1	1.7
			17	18	1	3.0

1m samples, uncut.

Drill azimuth 180°, dip -60°

Samples analysed using lead collection fire assay (50g charge) with flame AAS finish

BULLFINCH (Meteoric 90%)

A 42-hole, 2,340m RAB drilling programme was completed over geochemical anomalies at Golden Frog Extended (near Rutherfords Find), Perilya and Withers South. Gold values were generally low, with a best intercept of 4m at 3.1g/t Au from 8m at Golden Frog Extended, indicating a localised shoot within quartz veining. Meteoric's exploration at Bullfinch will now focus on assessing the economic potential of Rutherfords Find where Meteoric previously announced drill intersections over a 250m strike length with a best intercept of 4m at 10.1g/t Au from 71m.

JARBORA HILL (Meteoric 100%)

Programmes of RAB drilling (19 holes, 569m), shallow geochemical drilling (22 holes, 372m) and aircore drilling (31 holes, 1,294m) were completed over geochemical anomalies in laterite at Emu Well, 20km along strike from Giralia's Snake Well gold project in the Murchison region. The drilling intersected quartz veining within weathered felsic volcanic rocks in several holes, however, gold values are generally low indicating a weakly mineralised source for the extensive gold-in-laterite Consideration is being given to drilling deeper into the bedrock anomalism. mineralisation.

ULARRING (Meteoric 100%)

Fieldwork and reconnaissance sampling of an under-explored greenstone sequence prospective for gold and nickel has commenced at Ularring about 70km NW of Coolgardie.

RUBY WELL (Meteoric 60%)

Geochemical sampling for gold is being planned over structural targets interpreted from aeromagnetics at Ruby Well north of Meekatharra. Ruby Well is situated about 50km SW of Sandfire Resources recent gold discovery at Doolgunna in the Peak Hill aoldfield.

For more information on the company visit www.meteoric.com.au

Please direct enquiries to:

Roger Thomson Managing Director Phone (08) 9485 2836 Mobile 0419 969 183 Email roger@meteoric.com.au

George Sakalidis Executive Director -- Exploration Phone (08) 9485 2836 Mobile 0411 640 337 Email george@meteoric.com.au

The information in this report that relates to exploration results is based on information compiled by Roger Thomson BSc, ARSM, MAusIMM, who is a Member of the Australian Institute of Geoscientists. Roger Thomson is an employee of Meteoric Resources NL. Roger Thomson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the 'Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Roger Thomson consents to the inclusion of this information in the form and context in which it appears in this report.

MINING EXPLORATION ENTITY QUARTERLY REPORT APPENDIX 5B

Name of entity:

Meteoric Resources NL

ABN:			Quarter ended ("current quarter")
	64 107 985 651		30/6/2006
	Consolidated statement of cash flows
	Cash flows related to operating activities	Current quarter \$AUD'000	Year to date $(12$ months) \$AUD'000
1.1	Receipts from product sales and related debtors	46	147.
1.2	Payments for: (a) exploration and evaluation (b) development (c) production	(417)	(1, 432)
1.3	(d) administration Dividends received	(154)	(581)
1.4	Interest and other items of a similar nature received	43	146
1.5 1.6 1.7	Interest and other costs of finance paid Income taxes paid Other (provide details if material)
	Net Operating Cash Flows	(482)	(1,720)
1.8	Cash flows related to investing activities Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets	(62)	(3) (163) (63)
1.9	Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets
1.10 1.11 1.12	Loans to other entities Loans repaid by other entities Other (Loan repayments to associated company)	(15)	(43)
	Net investing cash flows	(77)	(272)
1.13	Total operating and investing cash flows (carried forward).	(559)	(1,992)

1.13	Total operating and investing cash flows (brought forward)	(559)	(1,992)
1.14 1.15 1.16 1.17 1.18 1.19	Cash flows related to financing activities Proceeds from issues of shares, options, etc. Proceeds from sale of forfeited shares Proceeds from borrowings Repayment of borrowings Dividends paid Other (provide details if material) - Share issue expenses	4 Ŧ (11)	1,001 (44)
	Net financing cash flows	(7)	957
	Net increase (decrease) in cash held	(566)	(1,035)
1.20 1.21	Cash at beginning of quarter/year to date Exchange rate adjustments to item 1.20	2,676	3,145
1.22	Cash at end of quarter	2,110	2,110

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

		Current quarter \$AUD'000
1.23	Aggregate amount of payments to the parties included in item 1.2	58
1.24	Aggregate amount of loans to the parties included in item 1.10

1.25 Explanation necessary for an understanding of the transactions

Non-cash financing and investing activities

$2.1$ Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

N/A

$2.2$ Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

N/A

Financing facilities available

		Amount available \$AUD'000	Amount used \$AUD'000
3.1	Loan facilities	$\sim$
3.2	Credit standby arrangements	$\mathbf{r}$

Estimated cash outflows for next quarter

	Total	400
-4.2	Development
4.1	Exploration and evaluation	400
		\$AUD'000
	.

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.		Current quarter \$AUD'000	Previous quarter \$AUD'000
5.1	Cash on hand and at bank	579	1,169
5.2	Deposits at call
5.3	Bank overdraft
5.4	Other (provide details) – Short Term Deposit	1,531	1,507
	Total: cash at end of quarter (item 1.22)	2,110	2,676

Changes in interests in mining tenements

		Tenement reference	Nature of interest	Interest at beginning of quarter	Interest at end of quarter
6.1	Interests in mining tenements relinquished, reduced or lapsed	EL24364	Relinquished	100%	0%
6.2	Interests in mining tenements acquired or increased	E51/111	Granted	100%	100%

Issued and quoted securities at end of current quarter

		Total number	Number quoted	Issue price per security (cents)	Amount paid up per security (cents)
7.1	Preference securities	N/A
7.2	Issued during quarter	Nil
$\overline{7.3}$	Ordinary securities Fully paid Partly paid	43,781,701 15,516,934	38,521,444 8,489,048
7.4	Issued during quarter Fully paid	19,259	19,259	\$0.20	\$0.20
7.5	Convertible debt securities	N/A
7.6	Issued during quarter	Nil
7.7	Options	2,000,000		Exercise price \$0.06	Expiry date 21/11/2010
7.8	Issued during quarter	Nil
7.9	Exercised during quarter	Nil
7.10	Expired during quarter	Nil
7.11	Debentures	N/A
7.12	Unsecured notes	N/A

Compliance statement

• This statement has been prepared under accounting policies which comply with $\mathbf{1}$ accounting standards as defined in the Corporations Act or other standards acceptable to ASX.
• $\overline{2}$ This statement does give a true and fair view of the matters disclosed.

Director Date: 28 July 2006