MGX RESOURCES LIMITED — Major Shareholding Notification 2005

Jan 6, 2005

		604 page 1/2 6 January 2005 –

Form 604

Corporations Act 2001

Section 571B

Notice of change of interests of substantial holder

Ťg	Company Name/Scheme	Mount Gibson Iron Limited
	ACNARSN	008 670 817
í.	Details of substantial holder (1)
Nama		Sinom (Hong Kong) Limited Group (see Annexura A)
	ACNIARSN (il applicable)	Not Applicatie.
holderion	There was a change in the interests of the substantial	06/01/05
	The previous notice was given to the company on	24/12/04
	The previous notice was dated	24/12/04
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 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)	Pravious nutice		Present indice
	Person's votes	Voting power (5)	Person's votes	Voting nower (5,
Ordinary Shares	31.027.200	10.69% of 290,260.266 shares	21,027,200	6.76% of 311,260,260 shares

3, Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial helder or an associate in voting securities of the company or scheme.
Since the substantial holder was last required to give

Dale of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
06/01/05	Sinom (Hong Kong) Limited Group	Cassation of power to control the exercise of a power to dispose of ordinary shares	Repayment of loan granted by Sinom investments Limited to Asia Iron. Holdings Limited	10,000,000 ordinary shares	Sinan (Heng Kong) Limited Group
29/12/04	Sinom (Hong Kong) Limited Group	Dilation through share issue. by Mount Gibson Iron Limited			Sinom (Hong Kong) Limited Group

$\boldsymbol{A}$ Present relevant interests

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

Holder of relevant	Registered	Person entitled to be	Nature of relevant interest (6)	Class and	Person's votes
Intérest	holder of	registered as holder		number of
	securities	18		securities
Sinom (Hong	Sinom (Hong)			21.027.200	21.027.200
' Korks) Limited	Kong Limited
Group

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Changes in association $\mathbf{S}_1$

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

í aocticable) Name and ACN/ARSN (if a .	___ . Nature of association the construction of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the com	AND RESERVE TO A REPORT OF THE COLUMN CONTRACT. The commentary of the commentary of the commentary of the first that the control species control to a . The analysis of the term and continues of the
------	See Annexure A
--------------------------------------- ------	and the second company of the company and the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of .	and the discovered by at these survivances in the contract with A development of Chapters

$\mathbf{6.}^\dagger$ Addresses

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

Nam	Address
' Sinom (Hong Kong) Limited Group	see Annexure A
fi Asia Imn Holdings Limited	Unit 1301, 13/F, Shui On Centre, 6-8 Harbour Road, Wanchal, Hong Kong

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	Signature
	print name.	Ng Yau Tung	capacity	Director
	sign here	$\frac{1}{2}$	date	Jan 6, 2005
			DIRECTIONS
	paragraph 5 of the form.	(1) If there are a number of substantial holders with similar or related relevant interests (eg. a 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 interasts of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in
(2)		See the definition of 'associate' in section 9 of the Corporations Law.
(3)		See the definition of relevant interest in sections 608 and 6718(7) of the Corporations Law.
(4)		The voting shares of a company constitute one class unless divided into separate classes.
(5)		The person's vates divided by the total votes in the body corporate or scheme multiplied by 100.
(6)	Indude details of:
	${a}$	any relevant agreement or other circumstances hecause of which the change in relevant interest occurred. If subsection 6718(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 contract, actierne or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
	${n_i$	any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voling 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 relavant agreement in section 9 of the Corporations Law.
(7)		Decision 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, benefine entited to receive in relation to that 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 paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
$^{(6)}$		If the substantial holder is unable to determine the identity of the person (eg if the relevant interest arises because of an option) write 'unknown'.
(9)		Glvi detalla, if appropriate, of the present association and any change in that association since the last substantial holding notice.

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MOUNT GIBSON IRON LIMITED ACN 008 670 817

This is Annexure A of 1 page referred to in Form 604, Notice of Change of Interests of Substantial Holder being the members of the Sinom (Hong Kong) Limited Group having a relevant interest in shares in Mount Gibson Iron Limited under section 608 of the Corporations Act 2001.

Name	Address	Nature of relevant interest
Sinom (Hong Kong) Limited	Room 606, Tower One, Lippo Centre, 89	Holder of shares in Mount Gibson Iron Limited
	Queensway, Hong Kong	Associate of Sinom Investments Limited
Sindm Investments Limited	Room 606, Tower One, Lippo Centre, 89 Queensway, Hong Kong	Associate of Sinom (Hong Kong) Limited
Zhang Chi	Room 606, Tower One, Lippo Centre, 89 Queensway, Hong Kong	Controlling entity - holds 100% of Sinom (Hong Kong) Limited and 100% of Sinom Investments Limited

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Jan 6, 2005

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Signed by: $Ng$ $Y$ au Tung Director Sinom (Hong Kong) Limited

Date

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