ORA BANDA MINING LTD — Major Shareholding Notification 2004

Jan 29, 2004

MONARCH RESOURCES LIMITED

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

30 January 2004

Company Secretary Anzoil NL Suite 6 29 Ord Street WEST PERTH WA 6005

BY FACSIMILE: 9226 1432 (3 PAGES)

Dear Sir

Please find enclosed a Notice of Ceasing to be a Substantial Shareholder on behalf of Monarch Resources Limited.

Yours faithfully

FRAÑK CAM Company Secretary

cc: Company Announcements Office Australian Stock Exchange Limited Facsimile: 1900 999 279

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	Anzoil NL
ACN/ARSN	009 171 046
1. Details of substantial holder (1)
Name ACN/ARSN (if applicable)	Monarch Resources Limited (MRL) 100 038 266
The holder ceased to be a substantial holder on The previous notice was given to the company on	28/01/04 22/01/04 .

2. Changes in relevant interests

The previous notice was dated

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

$22/01/04$

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change $(5)$	Class (6) and number of securities affected	Person's voted affected
28/01/04	MRL	Sale off- market.	\$440,000	Ordinary- 22,000,000	MRL

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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
N/P	N/A

4. Addresses

The addresses of persons named in this form are as follows:
	Name		Address
	Monarch Resources Limited		Ground Floor, 62 Colin Street, West Perth, WA 6005
Signature
	print name	Frank Campagna		Capacity	Company Secretary
	sign here	Myse		date	30/01/04

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the in alternation and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons menagor and maske or an operty mast, the names coold be included in an amexure to the form. In the feleval miterests or a group or parst
  are essentially similar, they may be referred to throughout the form as a specificall names and addresses of members is clearly set out in paragraph 4 of the form.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(2)$
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(3)$
• Include details of: $(4)$
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) any relevant agreement or other encouncierned societies of military and stange in relevant increased occurrence. It subsequent is received in the person giving full and accurate $(a)$ 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 $(b)$ of the securities to which the relevant interest relates (indicating c.early the particular securities to which the qualification applies).

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

• Details of the consideration must include any and all bonefits, money and other, that any person from whom a relevant interest was acquired $(5)$ has, or may, become 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 cirectly to the person from whom the relevant interest was acquired.
• The voting shares of a company constitute one class unless divided into separate classes. $(6)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(7)$