ORBMINCO LIMITED — Director's Dealing 2007

Jul 17, 2007

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

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 MONARO MINING NL ABN 99 073 155 781

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	Warwick Robert Grigor
Date of last notice	9/6/06

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	See Appendix A – Direct and Indirect Interests of Warwick Grigor Attached
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	See Appendix A – Direct and Indirect Interests of Warwick Grigor Attached
Date of change	17 July 2007
No. of securities held prior to change	1,285,100 fully paid shares 2,000,000 ordinary 20¢ shares paid to 0.1¢ 321,275 Listed Options expiring 31/7/07
Class	Ordinary fully paid shares
Number acquired	250,020 shares
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$300,024.00 conversion of options at $1.20 each
No. of securities held after change	1,535,120 fully paid shares 2,000,000 ordinary 20¢ shares paid to 0.1¢ 71,255 options expiring 31 July 2007, exercisable at $1.20 each

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Nature of change

Exercise of Listed Options at $1.20 each

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Part 2 – Change of director’s interests in contracts

Detail of contract	Nil
Nature of interest	Nil
Name of registered holder (if issued securities)	Nil
Date of change	Nil
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	Nil
Interest acquired	Nil
Interest disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Nil
Interest after change	Nil

Appendix A – Direct and Indirect Interests of Warwick Grigor After Change

INDIRECT HOLDINGS
i) Gregorach Pty Ltd	1,250,100 ordinary fully paid shares
(director and shareholder)	2,000,000 ordinary 20¢ shares paid to 0.1¢
ii) Far East Capital Ltd	130,000 ordinary fully paid shares
(director and shareholder)	32,500 July 31 2007, $1.20 options
iii) Sgian Dubh Pty Ltd	50,000 ordinary fully paid shares
(director and shareholder)	12,500 July 31 2007, $1.20 options
iv) Exponential Equities Ltd	50,000 ordinary fully paid shares
(director and shareholder)	12,500 July 31 2007, $1.20 options

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

• v) Gregorach Pty Ltd (Grigor Super Fund – Beneficiary)

Total Indirect

55,000 ordinary fully paid shares 13,750 July 31 2007, $1.20 options 1,535,100 ordinary fully paid shares 2,000,000 ordinary 20¢ shares paid to 0.1¢ 71,250 July 31 2007, $1.20 options

DIRECT HOLDINGS

W.R. Grigor

20 ordinary fully paid shares 5 July 31 2007, $1.20 options

• See chapter 19 for defined terms.

Appendix 3Y Page 3

30/9/2001