ORA BANDA MINING LTD — Director's Dealing 2004

Nov 18, 2004

62 Colin Street, West Perth, Western Australia 6005 Telephone: 61-8 9481 6422 Facsimile: 61-8 9481 6433

19 November 2004

Manager Announcements Company Announcements Office Australian Stock Exchange Limited Level 4 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

APPENDIX 3Y NOTICES

In accordance with ASX Listing Rule 3.19A.2, please find enclosed Appendix 3Y notices on behalf of Mr Colin Smith, Mr David Macoboy and Mr Phillip Botsis.

Yours faithfully

FRANK CAMPAGNA 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:	Monarch Resources Limited
ABN:	69 100 038 266

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:	Colin Lindsay Smith
Date of last notice:	2 September 2004

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

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest	C L Smith & Associates Pty Ltd - financial interest Adrienne Smith – spouse
Date of change	5 November 2004
Number of securities held prior to change	1,162,500 ordinary fully paid shares 550,000 listed options (31 July 2006)
Class	Listed options
Number acquired	31,250
Number disposed
Value/consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

⁺ See chapter 19 for defined terms.

Number of securities	1,162,500 ordinary fully paid shares
held after change	581,250 listed options (31 July 2006)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of options pursuant to share purchase plan subscription

Part 2 - Change of director's interests in contracts

Details of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
Number 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

⁺ See chapter 19 for defined terms.

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:	Monarch Resources Limited
ABN:	69 100 038 266

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 Michael Macoboy
Date of last notice:	2 September 2004

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

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest	Gimont Pty Ltd - financial interest
Date of change	5 November 2004
Number of securities held prior to change	1,131,250 ordinary fully paid shares 550,000 listed options (31 July 2006)
Class	Listed options
Number acquired	15,625
Number disposed
Value/consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

⁺ See chapter 19 for defined terms.

Number of securities held after change	1,131,250 ordinary fully paid shares 565,625 listed options (31 July 2006)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of options pursuant to share purchase plan subscription

Part 2 - Change of director's interests in contracts

Details of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
Number 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

⁺ See chapter 19 for defined terms.

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:	Monarch Resources Limited
ABN:	69 100 038 266

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:	Phillip Peter Botsis
Date of last notice:	2 September 2004

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

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest	Methuen Nominees Pty Ltd - financial interest
Date of change	5 November 2004
Number of securities held prior to change	1,531,250 ordinary fully paid shares 1,000,000 listed options (31 July 2006)
Class	Listed options
Number acquired	15,625
Number disposed
Value/consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

⁺ See chapter 19 for defined terms.

Number of securities	1,531,250 ordinary fully paid shares
held after change	1,015,625 listed options $(31 \text{ July } 2006)$
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of options pursuant to share purchase plan subscription

Part 2 - Change of director's interests in contracts

Details of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
Number 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

⁺ See chapter 19 for defined terms.