SUNSTONE METALS LTD — Major Shareholding Notification 2007

Mar 20, 2007

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	NALOY MASSERING LID
ACN/ARSN	n.$184$ 442
1. Details of substantial holder (1)NameACN/ARSN (if applicable)	DUID We THEMEN

The holder became a substantial holder on

$\frac{1}{2}$ $\frac{1}{2}$ $\frac{1}{2}$

2. Details of voting power

The total number of voies attached to all the voting shares in the company or voting interests in the scheme that the substantial belder or an associate (2) had arelevant Interest (3) in on the date the substantial holder

	.	-----,,,,,,, ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Class of securities (41)_______________________________________	Number of socurities.--------------------------------------	Person's votes (5)	--------------------------------------Voting power (6)
BALLAREA--,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,	法护Profit_______________________________________	--- ---------------------------------	..
.	--------------------------------------	. ,,,,,
.

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Rolder of relevant interest	Nature of relevant interest (7)	Class and aumber of securities
ゆゆめい (には)	外皮發生	WH
Renxalîগৈতেप्रापाद	५१,६७	ᡃᡕᠻᡟᡠ
₹€WASAR.		.

4. Details of present registered holders

The persons registered as holders of the socurities referred to in paragraph 3 above are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder (8)	Class and numberof securities
プロ (共行者)atin So∠ativerant –	ାଧ୍ୟ	the state	Selle Ch$\mathcal{H}^{\mathcal{L}}$
KESSKOW36 F	いんばい
134	生気大き	THE 1-

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevantinterest	Date of acquisition.	Consideration (9)		Class and numberof securities
		Casa	Non-cash
MARC WARAT	$20\sqrt{3}$安全部	うのひん		54) ಡಿನ
LEOMWER COMBILLA () A	ا کا	O WI	COMMA	WUT
NABLE TO MAY	炮m

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

	Name and ACN/ARSN (if applicable)	Nature of association
	.	SA 3.. dvid OtomSAMARINA
	---SPS.$17.414444444444444444444444444444444444$	۴Ŵしっとうかいい`¥\Ma- Alban飞标火火
œ

7. Addresses

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

PALAHOLDING---------------------------------------____Name	------------------------------------------JULI UN	----------------------------------------------------------------------------
--------------------------------------**************************************٠.,PERMIT AND ADDRESS OF THE PERMIT AND INCOME._______________________________________	ra an an an an an an an an an an an an anTHEMILLER COMMUNISTIC CONTRACTOR$\sim$- 11	------------------------------------------.1.11111111111111111111111111111111111
Same___	--------------------------------------------۾ پنڊ س	___________________________________ ___-

Signature

J NGungaor capacity Oirector print name sign here 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 anequity brust), the names could be included in an ann ${3}$ 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 $form$
• $\langle 2 \rangle$ 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.
• $\langle \xi \rangle$ The voting shares of a company constitute one class unless divided into separate classes.
• $\left[\begin{smallmatrix} 0\ 0 \end{smallmatrix}\right]$ The total number of votos attached to all the voting shares in the company or voting interests in the scheme (if any) that the porson or an associate has a relevant interest in.
• $(6)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $\langle 7 \rangle$ Include details of:

$\langle 3 \rangle$

• any relevant agreement or other circumstances by which the relovant interest was acquired. If subsection 671B(4) applies, a copy of any document setting our 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
• 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 socurities to $\langle \mathbf{b} |$ which the relevent interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "rolevant agreement" in section 9 of the Corporations Act 2001.

• $\left< 8 \right>$ 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".
• $\left( \text{^{S}}\right)$ 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 entitied 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.