MGX RESOURCES LIMITED — Major Shareholding Notification 2004

Feb 4, 2004

ACORN CAPITAL

ABN 51 082 694 531 FSA Licence 227605

Acorn Capital Limited ACN 082 694 531 Level 12, 90 Collins Street Melbourne 3000 Vic. Australia Telephone $+6139639052$
Facsimile $+61396390515$ Website acornoapital.com.au

5 February 2004

Ms Angela Dent Company Secretary Mount Gibson Iron Limited Level 1, 7 7 Havelock Street West Perth WA 6005

Dear Ms Dent

Notice of change of substantial holder

Enclosed is a Form 604, Notice Of Change of Substantial Holder.

A copy of this Notice has been lodged today with the Australian Stock Exchange.

Yours sincerely

امماری

Douglas Loh Portfolio Manager

ACORN CAPITAL

ABN 51 082 694 531 FSA Licence 227605

ACOτη Capital Limited ACN 082 694 531 Level 12, 90 Collins Street Melbourne 3000 Vic. Australia Telephone +61 3 9639 0522 Facsimile $+61396390515$ Website acorncapital.com.au

5 February 2004

The Manager Australian Stock Exchange Limited 18 Bridge Street Sydney NSW 2000

Dear Sir/Madam,

Notice of change of substantial holder Mount Gibson Iron Limited

Acorn Capital Limited has today lodged a Form 604, Notice Of Change of Substantial Holder, with the above named company.

A copy of that Notice is herewith lodged with the Australian Stock Exchange.

Yours sincerely

Douglas Loh Portfolio Manager

Ť

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			FORM 604 Corporations Act 2001 Section 671B
			NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER
To:	Company Name/Scheme		Mount Gibson fron Limited
	ACN/ARSN	008 670 817
1.	Details of Substantial Holder(1)
	Name		Acom Capital Limited
	ACN/ARSN (if applicable)	082 694 531
	There was a change in the interests of the substantial holder on		03-02-04
	The previous notice was given to the company on		30-01-04
	The previous notice was dated		30-01-04

$\overline{2}$ . Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

---- Class of f Securities (4) سمعية سن	Previous notice TANK With Color		William Present Notice
------	Person's votes The County	Voting power 15 an basil	STEAM ALL Person's votes والمتحادث	Voting power u 15)
Ordinary SILLAND	20.167.650 CONTACT	.43% The Monte Co	26.267.650 THE PEAK OF	– www.ham 9.68% ---

$3.$ 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 follows:

Date of Change	Person whose relevant interest changed	Nature of changs (6) TOMATIC	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
03-02-04	Acom Canital	Purchase CONTRACTOR	196.042.25	SPACE- 6.100.000	6.100.000
			----	-----

$\ddot{\mathbf{4}}$ Present relevant interests

Particulars of each relevant interests of the substantial holder in voting securities after the change are as follows:

Holder of Relevant Interest	Registered Holder of Securities	Person Entitled to be Registered as Holder (8)	Nature of relevant interest (6)	Class and Number of Securities	Person's Votes
Queensland Investment Corporation	Queensland Investment Corporation			1,574,500	,574,500
Qantas Superannuation	National Nominees			2,300,000	2,300,000
Catholic Superannuation Fund	National Nominees			2,534,999	2,534.999
Sunsuper Fund	National Nominees			2,565,001	2,565,001
Emergency Services Superannuation Schame	National Nominees			2,633,900	2,633,900
Acorn Capital Microcap Trust	National Nominees			3,559,250	3,559.250
Commonwealth Bank Officers' Superannuation Fund	National Nominees			5,300,000	5,300,000
UniSuper	National Nominees			5.800.000	5,800,000

5. Changes in Associates

The persons who have become associates (2) of, ceased to be associates, or have change the nature of their association (9) with, the
substantial holder in relation to voting interests in the company or scheme are as follow

Name and ACN/ARSN (if applicable)	. Name of Association
. .
	----- ويعرضه
	-----

6. Addresses

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

Name	Address
Queensland Investment Corporation	C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000
Qantas Superannuation	C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000
Catholic Superannuation Fund	C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000
Sunsuper Fund	C/O Acorn Capital Limited, Level 12, 90 Collins Street, Meloourne Victoria 3000
Emergency Services Superannuation Scheme	C/O Acorn Capital Limited, Leval 12, 90 Collins Street, Melbourna Victoria 3000
Acorn Capital Microcap Trust	C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000
Commonwealth Bank Officers' Superannuation Fund	C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000
UniSuper	C/O Acorn Capital Limited, Level 12, 90 Collins Street, Melbourne Victoria 3000

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	Capacity Portfolio manager
Date	05-02-04