Nova Minerals Ltd — Major Shareholding Notification 2006

May 18, 2006

Form 604

Corporations Law Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	QUANTUM RESOURCES LIMITED
ACN/ARSN	A.C.N. 006 690 348
1. Details of substantial holder (1)
Name	EDENSOR NOMINEES PTY LTD
ACN (if applicable)	A.C.N. 005 168 516
There was a change in the interests of the substantial holder on	12/5/2006
The previous notice was given to the company on	09/1/2004
The previous notice was dated	09/1/2004

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 securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary Shares	116,187,184	39.94%	72.592.482	20.67%

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 a substantial holding notice to the company are as follows:

Date of	Person whose relevant	Nature of change (6)	Consideration	Class & number	Person's votes affected
change	interest changed		given in relation to	of securities
			change (7)	affected
				Ordinary Shares
12/05/06	Edensor Nominees P/L	Holding unchanged -	N/a	72.592.482	Edensor Nominees P/L
		Deemed relevant
		interest. S608 (3) no
		longer applicable due to
		dilution of interest due to
		Issue of securities to
		Unrelated third parties

4. 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 holder of	Person entitled to be	Nature of relevant	Class and number	Person's votes
interest	securities	registered as holder (8)	interest (6)	of securities
Edensor Nominees P/L	Edensor Nominees P/L	Edensor Nominees P/L	Registered Holder of Shares.	Ordinary Shares 72.592.482	72.592.482

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 fo

Name and ACN(if applicable)	Nature of association

1. Addresses
   The addresses of persons named in this form are:

Name	Address
Edensor Nominees Pty Ltd.	C/- Green & Sternfeld, 201 Balaclava Road, Caulfield North, Vic. 3161.

Signature	print name	Joseph Isaac Gutnick		Director Capacity:
		$\begin{array}{c c} \mathsf{sign here} & \overline{\mathsf{J}}.\mathsf{l}.\mathsf{Cutink} \end{array}$	Date:	12/5/2006