PRODIGY GOLD NL — Major Shareholding Notification 2007

May 27, 2007

From: Oceanic Asset Management
Pages:
Date: 28/05/07
cc:

Dear Sir/ Madam,

Please find attached form 604 relating to Oceanic Asset Management, as advisor to the CF Australian Natural Rescurces Fund, increasing their substantial holding in ABM Resources (ASX: ABU)

Regards ELLIOTT RONTON

$I.d$

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	ABM Resources NL
ACN/ARSN	009 127 020.

1. Details of substantial holder(1)

Name	Oceanic Asset Management Pty Ltd ("The Advisor")
ACN/ARSN (if applicable)	------ACN: 110 278 110

There was a change in the interests of thesubstantial holder on	28/05/2007
The previous notice was given to the company on	11/05/2007
The previous notice was dated	11/05/2007

2. Previous and present 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) $\frac{1}{2}$ in when fast repured, and

Class of securities (4)	Frevious notice		Present notice
	Person's votes	Voting power (5)	Person's votes!	Voting power (5)
Ordinary Fully Paid
l"Shares"	$142.178,685$ $8.4%$		$[44, 320, 377]$ $B.8%$

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 socurities 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:

Fund and Advisor Market Purchase $158,803.12[931, 342]1931,342	Person's votesaffected	Class andnumber ofsecuritiesaffected	Considerationgiven in relationto change (7)	Nature ofchange (6)	Person whoserelevant interest.changed	Date ofchange
						24/05/07
Fund and Advisor Market Purchase $192,989.461, 210, 35011, 210, 350						25/05/07

4. Present refevant interests

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

Holder ofrelevantinterest	Registeredholder ofsecurities	Person entitledto be reqisteredas holder (B)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person's votes
Advisor	HSBC Custody	The Fund	Owner of Shares (44, 320, 37744, 320, 377
	Nominees (Austra-			Ord Shares
	lia) Ltd

5. Changes in association

The persons 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:

Name and ACN/ARSN (if applicable)	Nature of association______________________________
NoChances__________	_______________________________________
	--------------------------------------

6. Addresses

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

Name	Address
	Oceanic Asset Management Level 6, 40 Saint Georges Terrace, Perth WA 6000
	ICF Aust Natural Res Fund Beaufort House, 15 St Botolph Street, London EC3A 7HH

Signature

	print name ELLIOTT ROWTON			capacity DIRECTOR
sign here		auton	date	28/ 05 /2007

DIRECTIONS

• 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 $\left( 3\right)$ 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 6 of the form.
• $\omega$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $\left( 3\right)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• The voting shares of a company constitute one class unless divided into separate classes. $\langle 4 \rangle$
• $\mathfrak{B}$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $\mathfrak{B}$ include details of:
  • $(a)$ any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6718(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
  • 僻 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

• $\langle J \rangle$ 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, becom'e 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.
• If the substantial holder is unable to determine the icentity of the person (eg. if the relevant interest arises because of an option) write "unknown". (8)
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $\left( 9\right)$