SAVANNAH GOLDFIELDS LIMITED — Share Issue/Capital Change 2004

Aug 2, 2004

RENISON CONSOLIDATED MINES NL

ACN 003 049 714

Mail Address GPO Box 5268 Brisbane Qld 4001 Level 5, Santos House 60 Edward Street Brisbane Qld 4000

Phone: (07) 3303 0630 Fax: (07) 3303 0601 Email: admin@rcm.com.au

ASX ANNOUNCEMENT - 3 AUGUST 2004

Please find attached an Appendix 3B in relation to the issue of the following securities

400,000 Ordinary Shares

INFORMATION NOTIFICATION

Renison Consolidated Mines NL notifies ASX that the above securities have been issued without disclosure to investors under Part 6.2D of the Corporations Act 2001 (Cwth) ("the Act)". As at the date of this notice the Company has complied the provisions of Chapter 2M of the Act as they apply to the Company and section 674 of the Act. This notice is given under section $708A(5)(e)$ of the Act.

For and on behalf of the Board

JPK Marshall Company Secretary Brisbane, 3 August 2004

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

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 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99. 1/7/2000. 30/9/2001, 11/3/2002, 1/1/2003.

Name of entity

RENISON CONSOLIDATED MINES NL

ABN

75 003 049 714

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

$\mathbf{1}$ ⁺Class of ⁺securities issued or to be issued

Ordinary Shares

• $\overline{2}$ Number of ⁺securities issued or to be issued (if known) or maximum number which may be issued
• Principal terms of the *securities (eg 3 if options, exercise price and expir date; if partly paid "securities, th amount outstanding and due date for payment: if *convertibl securities, the conversion price an dates for conversion)

400,000 ordinary shares

ļ,	Ordinary shares
y
Ć
Ś
Ć
d

$+$ See chapter 19 for defined terms.

4	Do the securities rank equally in all respects from the date of allotment with an existing class of quoted *securities?	Yes
	If the additional securities do not rank equally, please state: the date from which they do which they the extent to. ۰ participate for the next dividend, the case (in οf trust, a distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
5	Issue price or consideration	Conversion of 400,000 Unquoted 11 Cent Convertible Notes (RSNAO)
6	Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)	Conversion of 400,000 Unquoted 11 Cent Convertible Notes (RSNAO)
7	Dates of entering *securities into uncertificated holdings or despatch of certificates	3 August 2004
		Number	* Class
8	Number + class and of all *securities quoted ASX on (including the securities in clause 2 if applicable)	235,991,656 152,500,000	Ordinary Shares fully paid (RSN) Ordinary Shares partly paid to 3.5 cents (RSNCD)
		2,695,682	Convertible \$1 Notes (RSNG)
		Number	* Class
9	Number and class of аĦ securities not quoted on ASX (including the securities in clause 2 if applicable)	8,000,000	30/6/07 \$0.125 options
		6,000,000	30/6/07 \$0.15 options
		6,000,000	30/6/07 \$0.175 options
		8,018,182	11 Cent Convertible Notes (RSNAO)
10	Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)	N/A

⁺ See chapter 19 for defined terms.

$\mathbf{11}$	security holder approval Ĩs required?
12	Is the issue renounceable or non- renounceable?
13	Ratio in which the *securities will be offered
14	+ Class of + securities to which the offer relates
15	+ Record determine date to entitlements
16	Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?
17	Policy for deciding entitlements in relation to fractions
18	Names of countries in which the entity has *security holders who will not be sent new issue documents
	Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7.
19	of Closing date for receipt acceptances or renunciations
20	Names of any underwriters
21	Amount of any underwriting fee or commission
22	Names of any brokers to the issue
23	Fee or commission payable to the broker to the issue

Part 2 - Bonus issue or pro rata issue

⁺ See chapter 19 for defined terms.

24	Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of *security holders
25	If the issue is contingent $_{\alpha}$ *security holders' approval, the date of the meeting
26	Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled
27	If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders
28.	Date rights trading will begin (if applicable)
29	Date rights trading will end (if applicable)
30	How do *security holders sell their entitlements in full through a broker?
31	How do *security holders sell part of their entitlements through a broker and accept for the balance?
32	How do *security holders dispose of their entitlements (except by sale through a broker)?
33	+ Despatch date

⁺ See chapter 19 for defined terms.

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of securities $(ick one)$
• Securities described in Part 1 $(a)$ $\bf{X}$
• $(b)$ All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

-35	If the "securities are "equity securities, the names of the 20 largest holders of the additional securities, and the number and percentage of additional securities held by those holders
-36	If the "securities are "equity securities, a distribution schedule of the additional *securities setting out the number of holders in the categories $1 - 1,000$ $1,001 - 5,000$ $5,001 - 10,000$ $10,001 - 100,000$ $100,001$ and over
-37	A copy of any trust deed for the additional *securities

$+$ See chapter 19 for defined terms.

Entities that have ticked box 34(b)

38.	Number of securities for which + quotation is sought
39.	Class of + securities for which quotation is sought.
40.	Do the securities rank equally in all respects from the date of allotment with an existing "class of quoted securities?
	If the additional securities do not rank equally, please state: the date from which they do extent to which they the participate for the next dividend, case $\sigma$ F $(in$ the trust. $a -$ distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
41	Reason for request for quotation now
	Example: in the case of restricted securities, end of restriction period
	(if issued upon conversion of another security, clearly identify that other security)
42	Number and + class of all + securities quoted on ASX (including the securities in clause 38)	Number	+ Class

⁺ See chapter 19 for defined terms.

Ouotation agreement

• $\mathbf{I}$ *Quotation of our additional *securities is in ASX's absolute discretion. ASX may quote the *securities on any conditions it decides.
• $\overline{2}$ We warrant the following to ASX.
• The issue of the 'securities to be quoted complies with the law and is not for an ٠ illegal purpose.
• There is no reason why those *securities should not be granted *quotation.
• An offer of the ⁺securities for sale within 12 months after their issue will not require disclosure under section $707(3)$ or section $1012C(6)$ of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any *securities to be quoted and that no-one has any right to return any *securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the *securities be quoted.
• We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the "securities to be quoted, it has been provided at the time that we request that the *securities be quoted.
• If we are a trust, we warrant that no person has the right to return the "securities to be quoted under section 1019B of the Corporations Act at the time that we request that the *securities be quoted.
• $\mathfrak{Z}$ We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• We give ASX the information and documents required by this form. If any information or 4 document not available now, will give it to ASX before 'quotation of the 'securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

—— —— —— —— ——

Sign here: JPK Marshall Date: 3 August 2004 (Company Secretary)

• See chapter 19 for defined terms.