MGX RESOURCES LIMITED - Capital/Financing Update 2004

VIA: WWW.ASX.ONLINE.COM

28 July 2004

ABN 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]

No. Pages $=$ 3

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

RE: APPLICATION TO LIST OPTIONS

Please find attached information which should have been included with the Appendix 3B for listing of options lodged yesterday.

For further information, please contact Angela Dent, Company Secretary on (08) 9485 2355.

Yours sincerely, MOUNT GIBSON IRON LIMITED

Angela Dent Company Secretary

CRP/COMPUTERSHARE INVESTOR SERVICES PTY LTD ***				Range Of Units Summary	(RSP510:18.05:230704)
MOUNT GIBSON IRON LIMITED/MGX			RUN NUMBER 1001	No date	A.C.N. 008 670 817	PAGE :	-1.
to.	5001 to.	10001 to.	100001 tο			$$ TOTAL $$
5000 UO2/UNL OPT EX 15/10/05 0 \$0.22	10000	100000	(MAX)
Holders
Issuer	25	26	21			-62
Total	2.5	26	21			-62
Units
Issuer	150000	1330000	29320000			30800000
Total	150000	1330000	29320000			30800000

TOTAL HOLDERS FOR CLASSES SELECTED		62
TOTAL UNITS *********	$\mathbf{H}$	30800000
* NUMBER OF PACES WRITTEN = *******				1 END OF REPORT NUMBER OF LINES WRITTEN =			李建大大大大

	CRP/COMPUTERSHARE INVESTOR SERVICES PTY LTD * T T O P T 2 0 T H O L D E R S * MOUNT CIBSON IRON LIMITED/MCX	RUN NUMBER 1001 - 23/07/04
HOLDER NO	CLASS: 002/UNL OPT EX 15/10/05 0 \$0.22 NAME		UNITS & I/C RANK
	YANGTZE INVESTMENTS LIMITED		$10,000,000$ $32.47$ 1
	MR BRIAN JOHNSON		3,960,000 12.86 2
	ZELTEX (HK) COMPANY		$3,800,000$ $12.34$ 3
	MR WILLIAM BRAND WILLIS & M/S RHODA MARLENE WILLIS		$1,420,000$ $4.61$	$\boldsymbol{q}$
	MR NG YAU TUNG		$1,100,000$ $3.57$ 5
	MR CHEN JIAN		$1,000,000$ $3.25$ 6
	MISS PAN YU		900,000 2.92 7
	MISS GUO CONNIE YING		750,000 2.44 8
	MISS WANG JIAN YING		750,000 2.44 9
	STRATEGYSEARCH CONSULTING SERVICES PTY LTD		$730,000 = 2.37 = 10$
	CORNELA PTY LTD		$720,000$ $2.34$ 11
	HENGOLO PTY LTD		$710,000$ 2.31 12
	M/S ANGELA DENT		600,000 1.95	$-13$
	M/S KATHERINE THERESE TAYLOR		600,000 1.95 14
	MISS LENG JIA		500,000 1.62 15
	MR SHELDON PHILIP COATES		400,000 1.30 16
	MR JAMES RONAN TYERS		380,000 1.23 17
	MR SHELDON PHILIP COATES		$350,000$ $1.14$ $18$
	M/S KERRY ANITA DAVIES		250,000 0.81 19
	MR WARWICK JEFFREY DAVIES		250,000 0.81	-20
	* REPORT TOTAL REMAINDER *		29,170,000 94.71 $1,630,000$ 5.29 -----------------------
	* GRAND TOTAL *	30,800,000 100.00 ========================