ORA BANDA MINING LTD — Major Shareholding Notification 2008

Feb 5, 2008

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5 February 2008

Manager Announcements Company Announcements Office ASX Limited Level 4 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

ASIC FORM 603 – NOTICE OF INITIAL SUBSTANTIAL SHAREHOLDING

We attach a Notice of initial substantial holder in respect of the Monarch Gold Mining Company Limited group’s acquisitions of shares in Alloy Resources Limited.

Yours sincerely

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Patrick McCole Company Secretary

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

ALLOY RESOURCES LIMITED To Company Name/Scheme 109 361 195 ACN/ARSN 1. Details of substantial holder (1) Name Monarch Gold Mining Company Limited on behalf of itself and each of its controlled bodies corporate (Monarch Group Entities) named in the list of 1 page annexed to this notice and marked “A”) ACN / ARSN (if applicable) 100 038 266 The holder became a substantial holder on 1 / 02 /2008.

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class ofsecurities (4)	Numberofsecurities	Numberofsecurities	Persons’ votes (5)	Persons’ votes (5)	Voting power(6)
Ordinary Shares	5,000,000		5,000,000		6.78%
s of relevant interests e of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder are as follows:
Holderof relevantinterest		Nature of relevantinterest (7)		Class andnumberofsecurities
Monarch Gold Mining Company Limited and each of the Monarch Group Entities		A relevant interest has arisen from the acquisition of Big Bell Gold Operations Pty Ltd the registered holder of the Shares.		Ordinary Shares 5,000,000
s of present registered holders ns registered as holders of the securities referred to in paragraph 3 above are as follows:
Holder of relevant interest	Registered holder of securities		Person entitled to be registered asholder(8)		Class and number of securities
Monarch Gold Mining Company Limited and each of the Monarch GroupEntities	Big Bell Gold Operations Pty Ltd		Big Bell Gold Operations Pty Ltd		Ordinary Shares 5,000,000

3. Details of relevant interests The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

5. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Consideration (9)	Class and number of securities
		Cash	Non-cash
Monarch Gold Mining Company Limited and each of the Monarch GroupEntities	1 February 2008	No consideration is allocated for the acquisition of the relevant interest.		Ordinary Shares 5,000,000

6. Associates The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name andACN/ARSN(ifapplicable)	Nature ofassociation
Each of the Monarch Group Entities	Body corporate controlled by substantial holder Monarch Gold
	Mining CompanyLimited

7. Addresses

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

Name	Address
MonarchGoldMining CompanyLimited	Level 1,23Ventnor Avenue,WestPerth,Western Australia
Each of the Monarch Group Entities	Each of Level 1 23 Ventnor Avenue, West Perth, Western Australia

05/02/2008

Signature

print name Patrick McCole capacity Company Secretary sign here date 5 / 2 /2008

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 manager 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 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 7 of the form.

• (2) See the definition of “associate” in section 9 of the Corporations Act 2001.

• (3) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations A.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

• (6) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (7) Include details of:

• (a) any relevant agreement or other circumstances by which the relevant interest was acquired. 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

• (b) 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 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.

• (8) 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) Details 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, 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 directly to the person from whom the relevant interest was acquired.

ANNEXURE A

This is Annexure A of 1 page referred to in the Notice of Initial Substantial Holder signed by me and dated 5 February 2008.

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_____ Patrick McCole

Date: 5 February 2008

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