ORBMINCO LIMITED — Major Shareholding Notification 2012

May 7, 2012

Date	8 May 2012
Pages	3 (including this page)
To	Company Announcements
	Australian Securities Exchange
	Fax 1300 135 638
Copy	Company Secretary
	Australian-American Mining Corporation Limited
	Fax (08) 9325 5574

Dear Sir/Madam

Form 604 Notice of change of interests of substantial holder

Attached is a Form 604 Notice of change of interests of substantial holder for Libra Advisors LLC, Libra Fund LP, and Libra Offshore Master Fund LP in respect of Australian-American Mining Corporation Limited (ASX code: AIW).

Yours faithfully Corrs Chambers Westgarth

Com Clember Warbort.

attachments

PLEASE NOTE: If this fax transmission is received by other than the named addressee, you are requested immediately to notify us and return the original message to us at the postal address shown. The client entitled to the benefit of the solicitor/client/legal professional privilege attaching to this document is entitled to recover all copies of the document and to prevent its dissemination or use in any form by application to the courts.

If this fax is illegible or incomplete please telephone (02) 9210 6500

6671793/1

15 July 2001 604 page 1/2

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

Fo : Company Name/Scheme ACN/ARSN	073 155 781	AUSTRALIAN-AMERICAN MINING CORPORATION LIMITED
1. Details of substantial holder (1)
Name		Libra Advisors LLC, Libra Fund LP and Libra Offshore Master Fund LP
ACN\ARSN (if applicable)	NJA.
There was a change in the interests of the
substantial holder on		01/05/12
The previous notice was given to the company on		26/04/12
The previous notice was dated		٠ 24/04/12

2. Previous and present voting power

$\ddot{\Sigma}$

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	Votina power (5)
Ordinary shares .	6.145.360	8.56%	4.587.90	3.39%

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 or scheme, are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given In relation to change (7)	Class and number of securities affected	Person's votes affected
26 April 2012	Libra Advisors LLC, Libra Fund LP and Libra Offshore Master Fund LP	On-market sale of ordinary shares	\$0.068 per ordinary share	134.665 ordinary shares	134,665
27 April 2012	Libra Advisors LLC, Libra Fund LP and Libra Offshore Master Fund LP	On-market sale of ordinary shares	\$0.07 per ordinary share	240.821 ordinary shares	240,821
30 April 2012	Libra Advisors LLC, Libra Fund LP and Libra Offshore Master Fund LP	On-market sale of ordinary shares	\$0.07 per ordinary share	294,379 ordinary shares	294,379
1 May 2012	Libra Advisors LLC, Libra Fund LP and Libra Offshore Master Fund LP	On-market sale of ordinary shares	\$0.07 per ordinary share	480,768 ordinary shares	480,768
2 May 2012	Libra Advisors LLC, Libra Fund LP and Libra Offshore Master Fund LP	On-market sale of ordinary shares	\$0.072 per ordinary share	181,360 ordinary shares	181,360
3 May 2012	Libra Advisors LLC, Libra Fund LP and Libra Offshore Master Fund LP	On-market sale of ordinary shares	\$0.072 per ordinary share	225,480 ordinary shares	225,460

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

	Realstered holder of	Person entitled to be	Nature of relevant	Class and	Person's votes
Holder of
relevant	securities	reaistered as holder (8)	interest (6)	number of
interest				securities

6667239/1

604 page 2/2 15 July 2001

				$-1$	----- 1000000000000000000000000000000000000
Libra Advisors LLC and Libra Fund LP	Citicarp Nominees Ply Limited	Cilicom Nominees Pty Limited	Relevant interest under section 608(1) of the Corporations Act.	3.832.867 ordinary shares	3,832,867
Libra Advisors LLC and Libra Offshore Master Fund LP	Citicorp Nominees Pty Limited	Citicorp Nominees Pty. Limited	Relevant Interest under section 608(1) of the Corporations Act.	755,040 ordinary shares	755.040

5. Changes in association

The parsons 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 follows:

	________ مستنسب فمستطرف مستقضمه الرابات فراسية مساهمات القرامرة - On the control of the column resident in the control of the control of the column of the column of the column of
I ACN/ARSN Name and . 4 cable ш de também de componente en componente de la componente de la constitución de la constitución de la constitució	Natu associator.
--------------------------------------- _________ N/A ------------------------- and the contract of the contract of the contract of the contract of the contract of the contract of	______ . _____ -------------------------------------- N/A

1. Addresses

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

Name	Address
Libra Advisors LLC	Level 27, 777 Third Ave. New York, New York 10017 USA
Libra Fund LP	Level 27, 777 Third Ave, New York, New York 10017 USA
Libra Offshore Master Fund LP	c/o Cayman Management Ltd. Ground Floor, Harbour Centre, PO Box 1569 George Town, Grand Cavman KY1-1110, Cavman Islands

Signature

sign here

capacity Chief Operating Officer

date May 7, 2012

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.

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

$(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

$(6)$ Include details of:

any relevant agreement or other circumstances because of which the change in relevant Interest occurred. If subsection 671B(4) applies, a copy of $(a)$ 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.

• $(7)$ 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.
• $(3)$ 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". $(9)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

6667239/1

$(2)$ 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 Act 2001.