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MGX RESOURCES LIMITED Capital/Financing Update 2004

Oct 6, 2004

65331_rns_2004-10-06_7c12b15b-68ed-4f7f-b840-e1037929fe88.pdf

Capital/Financing Update

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Mount Gibson Iron Limited

ARN 87 008 670 817

First Floor, 7 Havelock Street West Perth 6005, Western Australia

PO Box 55, West Perth WA 6872

Telephone: 61-8-9485 2355

Facsimile: 61-8-9485 2305 E-mail: [email protected]

VIA: WWW.ASX.ONLINE.COM

7 October 2004

No. Pages $=$ 1

The Manager Company Announcements Australian Stock Exchange Limited Level 10, 20 Bond Street SYDNEY NSW 2000

SUBJECT: MOUNT GIBSON IRON ON TARGET WITH PRODUCTION SCHEDULE

Mount Gibson Iron Limited advises that it shipped 467,000 tonnes of iron ore to China from its Tallering Peak mine in the quarter ended 30 September 2004, in line with its current 1.8Mtpa production schedule.

Yours sincerely, MOUNT GIBSON IRON LIMITED

Angela Dent Company Secretary

Enquiries: Mr Brian Johnson Managing Director Telephone: 08-9485-2355 E-mail: [email protected]