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PRODIGY GOLD NL Major Shareholding Notification 2007

Jan 23, 2007

65615_rns_2007-01-23_f0b44d82-6234-448b-a065-9f91fa242592.pdf

Major Shareholding Notification

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  1. JAN. 2007 15:18

2 CLAYTON UTZ 61 2 82206700

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CLAYTON UTZ

Sydney Melbourne Brisbane Perth Canberra Darwin Clayton UtzLawyersLevels 19-35
24 January 2007 No. 1 O'Connell StreetSydney NSW 2000Australia
By Facsimile - 1900 999 279Australian Stock Exchange PO Box H3Australia SquareSydney NSW 1215DX 370 Sydney
Exchange Centre20 Bridge StreetSydney NSW 2000 T +61 2 9353 4000F +61 2 8220 6700www.claytonutz.com

Our reference: 15087/15091/80053238

Dear Sirs

Notice of Change of Substantial Holder ABM Resources NL

Enclosed is a Form 604 Notice of Change of Substantial Holder filed on behalf of Firebird Global Master Fund Ltd, Firebird Global Master Fund II Ltd, FGS Advisors, LLC and FG2 Advisors, LLC.

Yours faithfully

Most Celebra

Mark Williamson, Partner +61 2 9353 4196 [email protected]

Enclosure

04 page 1/2 16 July 2001

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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 Firabird Global Master Fund Lid (the "Fund I"), Firebird Global Master Fund II Lid (the "Fund II"); FGS Advisors, LLC (the "AdvisorI") and FG2 Advisors, LLC (the "Advisor if") (collectively, the "Firebird Group")
ACN/ARSN (if epplicable)
There was a change in the interests ofthe substantial holder on 22/1/2007
The provious notice was given to the company on 18/12/2006
The previous notice was dated 15/12/2006

2. Provious and present voting pewer.

The lotal 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 relevantinterest (3) in when tast required, and when now r

Class of securities (4) Praviaus notice Prosent notice
Person's votes Voling power ($) Person's votes Vorinin power (5)
Fully paid Ordinary Shares 10.496,028 ᅲ8.62% 50.493,028-- $+4.44 +$っこ ソlo.
Property

3. Changes in relevant intorests

Partculars 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, aincethe substantial holder was bet roquired to give

Date ofchange Person whose relevantinterest changed Nature of change (6) Consideration given inrelation to change (7) Class and number ofsecurities affected Percon's votesaffected
22/1/2007 Fund II and Advisor II On marketecousition $1,000,000 10.000.000 OrdinarySharos 10,000.000
100 000 000 00000000000000000000000000

4. Present relevant interests

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

Holder ofrelevantinterast Registered holder ofsecunties. Person entitled to berogistered as holder(0) Nature of relavant interest(6) Class and number ofsecuritica Person's votes
Fund I andAdvisor t Fund I Fund I Owner of Shares 30,498,028 OrdinarySrranes 30.498.028
Fund LandAdvisor II Fund II Fund II Owner of Shares 20,000,000 OrdinaryShares 20,000 000

604 page 2/2 18 July 2001

5. Changes in association

The persons who have become associates (2) of, cessed to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voung injoiests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association
No changes
-----

6. Addresses

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

Name Address -
Fund I 1 Capital Place, PO Box 847, Grand Cayman, Cayman falands
Fund II 1 Capital Place, PO Box 847, Grand Cayman, Cayman talands
Advisor I 152 West 57th Street, 24th Floor, New York NY 19019 USA
Advisor II 152 West 57th Street, 24th Floor, New York NY 10019 USA.

Signature

  • if there are a number of substential holders with similar or rolated relevant interests (og, a corporation und its related corporations, or the menager and trustee ofpriented to throughout the form as a specifically name, $(1)$
  • $(2)$ See the definition of "associate" in section 3 of the Corporations Act 2001,
  • $\left( \square \right)$ See the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001.
  • $(4)$ The volling 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 by which the relevant interest was acquired. If subsection 6718(4) applies, a copy of any declimentselling out the torms of any relevant agreement, and a statement by the pers $\left( a\right)$
    • any cualification of the power of a person to exarcise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securidesto which the ratorant intorest relates (indicating clearly the p $(b)$

J.

See the definition of "refevant agreement" In section 9 of the Corporations Act 2001

  • 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, $(7)$ become onlided to receive in relation to that acquisition. Details must be included even if the Banefit is conditional on the frappening or not of a contingency.Desiste must be included of any benefit paid on behalf of th the person from whom the relevant interest was acquired.
  • $\left( 5\right)$ of the substantial holder is unable to determine the Identity of the person (log. If the relevant interpst arises because of an option) write "unknown".
  • $(9)$ Give details, if appropriato, of the present association and eny change in that ussociation since the last substantial holding notice.