MGX RESOURCES LIMITED — Major Shareholding Notification 2004

Feb 11, 2004

Mount Gibson Iron Limited 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: admin@mtgibsoniron.com.au

No. Pages $=$ 3

VIA FACSIMILE: 1900 999 279

12 February 2004

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

MOUNT GIBSON IRON LIMITED - SUBSTANTIAL SHAREHOLDER NOTICE

Please find attached a Notice of Change of Interests of Substantial Holder (Form 604) from Sinom (Hong Kong) Limited who have increased their shareholding to 8.06%

Yours sincerely MOUNT GIBSON IRON LIMITED

Angela Dent Company Secretary

				Form 604
				Section 6718	Corporations Act 2007
					Notice of change of interests of substantial holder
In Company Name/Scheme			MOUNT GIBSON IRON LIMITED
ACN/ARSN		87-008-670-817
Name	1. Details of substantial holder(1)		SINOM (HONG KONG) LIMITED
ACN/ARSN (if equicable)
	The previous notice was dated				10 15/03 (15 OCTOBER 2003)
	2. Previous and present voting power				The total number of votes argached 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:
	Class of securities [4]		Previous notice			Present notice
	ORDINARY		Person's votes 18,800,000	Voting power (5) 6.92%		Person's votas) 21,883,392	8.06%	Voting power (5)
	1. Changes in relevant interests
					Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:
	Date of change	Person whose lelevant interest changed		Nature of change (5)	Consideration civen in relation. to change (7)	Class and number of securities		Person's votes affected
$($ II FEBRAARY	2/11/04	SINOM (HK)		PURCHASE	\$595,085	affected	3,083,392	8.06%
$2\infty$ 4)
	4. Present relevant interests

relevant merest	Registered holder of securities	Parson entitled to be recistered as holder (B)	Nature of relevant interest (G)	Class and number of securities.	rarson's voles
	KINOMIHKA SINOM(HK)	SINOM(HK)	HOLDS SAID	ORDINARY	8.06%
			SHARES	,883,392

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604 page 2/2 15 July 2001

		Name and ACN/ARSN (if applicable)				Nature of association
	£ Adoresses
		The addresses of persons named in this form are as follows:
		Na me			Address
		SINOM	(HONG KONG)		LTD.		RM 606, TOWER ONE, LIPPO CENTRE,			89 QUEENSWAY,
	Signature
		print retiree		NG YAU TUNG			capacity		DIRECTOR
		sign here					date 2		/11 / 2004
					DIRECTIONS
		If there are a number of substantial holders with similar or related relevant interests (eq. 8 corporation and its related corporations, or the manager and trusted 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
	form.	throughout the form as a specifically named group if the membership of each group, with the pames and addresses of members is clearly set out in paragraph 6 of the See the definition of "associate" in section 9 of the Corporations Act 2001.
		See the definition of "relevant Interest" in sections 608 and 6718(7) of the Corporations Act 2001.
		The voting shares of a company constitute one class unless divided into separate classes.
		The parson's votas divided by the total votes in the body corporate or scheme multiplied by 100.
		Include details of:
	ω	any relevant agreement or other circumstances 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 by the person giving full and accurate details of any concluct, scheme or anangement, must accompany this form, together with a written statement curtifying this contract, scheme or arrangement, and
	ØJ.	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 particular securities to which the qualification applies).
		See the definition of Irelevant agreement" in section 9 of the Corporations Act 2001.
		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, becom c entitied to receive in relation to the acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit poid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person hom whom the relevant interest was acquired.
		if the substandal holder is unable to determine the identity of the person (eg. If the relevant interest arises because of an option) write "unknown".
		Give dotails, if appropriate, of the present association and any change in that association since the last substantial holding notice.
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