NEOMETALS LTD — Director's Dealing 2005

Dec 18, 2005

97 Outram Street West Perth WA 6005 Tel: + 61 8 9322 1182 Fax: + 61 8 9321 0556

19 December 2005

Company Announcements Office Australian Stock Exchange Limited Via Electronic Lodgement

Dear Sirs

2 X CHANGE OF DIRECTOR'S INTEREST CHANGE IN SUBSTANTIAL SHAREHOLDING

Please find attached two Appendix 3Y Notices and a Form 604.

Yours faithfully,

GReed

CHRISTOPHER REED Executive Director Company Secretary

Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

	Name of entity Reed Resources Ltd
IABN	89 099 116 631

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Ian Courtney Junk
Date of last notice	6 June 2005

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest	(ii) Aurora Prospects Pty Ltd
(including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Director/Shareholder
Date of change	16 December 2005
No. of securities held prior to change
Ian Courtney Junk	500,000 Unlisted Options (i)
Aurora Prospects Pty Ltd	(ii) 250,000 Ordinary Fully Paid
Class	FULLY PAID ORDINARY SHARES
Number acquired	(ii) 1,000,000
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$237,585

No. of securities held after change
Ian Courtney Junk	500,000 Unlisted Options ${1}$
Aurora Prospects Pty Ltd	(ii) 1,250,000 Ordinary Fully Paid
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	ON-MARKET TRADE

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	REED RESOURCES LTD
IABN	89 099 116 631

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	DAVID JOHN REED
Date of last notice	18 MARCH 2005

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. Date of change	B. TRUCKING NOMINEES PTY LTD (DIRECTOR & CONTROLLING INTEREST) D. JUDITH MARY REED (SPOUSE) 16 DECEMBER 2005
No. of securities held prior to change
A. DAVID JOHN REED	11,892,115
B. TRUCKING NOMINEES PTY LTD	1,600,000
C. TRUCKING NOMINEES PTY LTD ATF D.I.REED SUPERANNUATION FUND	5,112,000
D. JUDITH MARY REED	NIL
Class	FULLY PAID ORDINARY SHARES
Number acquired B. TRUCKING NOMINEES PTY LTD	2,000,000
D. JUDITH MARY REED	100,000
Number disposed

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	B. \$471,034 D. NOT APPLICABLE
No. of securities held after change
A. DAVID JOHN REED	11,892,115
B. TRUCKING NOMINEES PTY LTD	3,600,000
C. TRUCKING NOMINEES PTY LTD ATF D.I.REED SUPERANNUATION FUND	5,112,000
D. JUDITH MARY REED	100,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	B.On-market trade D. Adjustment to correct relevant interest.

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation
to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	REED RESOURCES LTD
ACN/ARSN	099 116 631
1. Details of substantial holder(1)
Name.	REFER ANNEXURE A
ACN/ARSN (if applicable)
There was a change in the interests of the substantial holde /	16/12/05 18305
The previous notice was given to the company on-	$-$

2. Previous and present voting power

The previous notice was dated

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:

05

Class of securities (4)	Previous notice		-Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
IORDINARY FP	18,604,115 30.00		20,704,115,29.58

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 fast required to give a substantial holding notice to the company or scheme are as follows:

Date 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
	REFER ANNEXURE B

4. Present relevant interests

Partículars of each relevant interest 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
	REFER ANNEXURE C

5. Changes in association

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

Name and ACN/ARSN (if applicable)	Nature of association
	NOT APPLICABLE

6. Addresses

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

Name	Address
	ANNEXI ∽ EEER JRE – _ ◝∟ ∸

Signature

	DAVID JOHN REED	Own right and as director of
print name		capacity Trucking Nominees Pty Ltd
sign here		$\frac{\text{date}}{19}$ 19 $\frac{7}{12}$ $\frac{7}{12}$ 2005

DIRECTIONS

$\left( 1\right)$ 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 trustee of an equity trust), the names could be included in an annexure to the form. If the refevant interests 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 paragraph 6 of the form

• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(6)$ Include details of:
• ${a}$ 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 contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• 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 (b) which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• $\left( \vec{l}\right)$ Details of the consideration must include any and all benefits, money and other, that any person from whom a refevant interest was acquired has, or may, becomie entitled 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.
• If the substantial holder is unable to determine the identity of the person (eq. if the relevant interest arises because of an option) write "unknown". $(8)$
• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

The annexure of one page marked Annexure A in Form 604, being Notice of change of interests of substantial shareholder

ame	ACN (if applicable)
David John Reed
Trucking Nominees Pty Ltd	008 911 233
Trucking Nominees Pty Ltd ATF DJ Reed Superannuation Fund	008 911 233

The annexure of one page marked Annexure B in Form 604, being Notice of change of interests of substantial shareholder

Date of change	IPerson whose relevant interest changed	Nature of hange	Consideration given in relation to change	Class and number of securities
	16/12/2005 Trucking Nominees Pty Ltd	On-Market Purchase	471.034.00	2.000.000

• BUY: Aquired shares pursuant to buy contracts entered into in the ordinary course of business at official meetings of Australian Stock Exchange Ltd in accordance with the rules of Australian Stock Exchange Ltd and containing no terms and conditions other than the standard terms and conditions.
• SELL : Disposed of shares pursuant to sell contracts entered into in the ordinary course of business at official meetings of Australian Stock Exchange Ltd in accordance with the rules of Australian Stock Exchange Ltd and containing no terms and conditions other than the standard terms and conditions.

The annexure of one page marked Annexure C in Form 604, being Notice of change of interests of substantial shareholder

Electricial relevant Interest	Registered holder of securities	Person entitled to be registered relevant as holder	Nature of interest	Class and number of securities	Person's votes
David John Reed	David John Reed	David John Reed	Registered and beneficial owner	11,892,115	16.99%
Judith Mary Reed	Judith Mary Reed	Judith Mary Reed	Spouse of David John Reed	100,000	0.15%
Trucking Nominees Pty Ltd	Trucking Nominees Pty Ltd	Trucking Nominees Pty Ltd	David John Reed has a controlling interest in Trucking Nominees Pty Ltd	3,600,000	5.15%
Trucking Nominees Pty Ltd Super Fund)	Trucking Nominees Pty Ltd (ATF DJ Reed (ATF DJ Reed (ATF DJ Reed Super Fund)	Trucking Nominees Pty Ltd Super Fund)	David John Reed is a member of Superannuation Fund	5,112,000	7.31%

The annexure of one page marked Annexure D in Form 604, being Notice of change of interests of substantial shareholder

Name	Address
I David John Reed	19 Avonmore Terrace COTTELSOE WA 6011
Judith Mary Reed	19 Avonmore Terrace COTTELSOE WA 6011
Trucking Nominees Pty Ltd	l56 Ranch Road MARIGINIUP WA 6065