SUPERIOR RESOURCES LIMITED — Major Shareholding Notification 2007

Nov 21, 2007

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

Đ.	To_ Company Name/Scheme	SUPERIOR RESOURCES LIMITED
	ACN/ARSN	844
ъ.	1. Details of substantial holder (1)NameACN/ARSN (if applicable)	SIMON DAVID BEAMS

The holder became a substantial holder on

$12, 11, 2007$

2. Details of voting power $\bullet$

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 on the date the substantial holder

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
shaeesORDINARY	5986668	986668

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:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Attached

4. Details of present registered holders

The persons registered as holders of the securities 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
Fached

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
UCHEM		Cash	Non-cash

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
' Nl ê(

7. Addresses

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

Name.	Address
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Signature

	print name SIMON DAVIO BEAMS	BELFcapacity
sign here	I'llKem	date $14/11/2007$

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 $(1)$ 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
• $(2)$ 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.
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant $(5)$ interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$
• $\overline{a}$ Include details of:
  • any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out $(a)$ 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 securities to $(b)$ 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.

• $(8)$ 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".
• $(9)$ 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.

Attachment to Form 603 (Corporations Act 2001)

3. Details of relevant interests

Holder of relevant interest	Nature of relevantinterest	Class and number of securities
Simon David Beams	Self	2886668 Ordinary
Ellen Mary Beams	Spouse	100000 Ordinary
Terra Search Pty Ltd	Director	2900000 Ordinary
S D Beams, R H Lesh & D R Jenkins	Trustee	100000 Ordinary

4. Details of present registered holders

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder	Class and number ofsecurities
Simon David Beams	Simon David Beams	Simon David Beams	2886668 Ordinary
Ellen Mary Beams	Ellen Mary Beams	Ellen Mary Beams	100000 Ordinary
Terra Search Pty Ltd	Terra Search Pty Ltd	Terra Search Pty Ltd	2900000 Ordinary
S D Beams, R H Lesh &	S D Beams, R H Lesh &	S D Beams, R H Lesh &	100000 Ordinary
D R Jenkins <terra< td="">D R Jenkins <terra< td="">D R Jenkins <terra< td=""></terra<></terra<></terra<>	D R Jenkins <terra< td="">D R Jenkins <terra< td=""></terra<></terra<>	D R Jenkins <terra< td=""></terra<>
Search Super Fund>	Search Super Fund>	Search Super Fund>

5. Consideration

Holder of relevant interest	Date ofacquisition	Consideration		Class and numberof securities
		Cash	Non-cash
Simon David Beams	12/11/2007 &before 12/11/2007	$48667		2886668 Ordinary
Ellen Mary Beams	12/11/2007	$20000		100000 Ordinary
Terra Search Pty Ltd	before 12/11/2007	$50000		2900000 Ordinary
S D Beams, R H Lesh & D RJenkins	12/11/2007	$20000		100000 Ordinary

6. Associates

Name and ACN (if applicable)	Nature of association
Simon David Beams	Self
Ellen Mary Beams	Spouse
Terra Search Pty Ltd (ACN 011 073 939)	Director
S D Beams, R H Lesh & D R Jenkins	Trustee

7. Addresses

Name	Address
Simon David Beams	34 Princes Road, Hyde Park, QLD 4812
Ellen Mary Beams	34 Princes Road, Hyde Park, QLD 4812
Terra Search Pty Ltd	PO Box 981, Castletown, Hyde Park, QLD 4812
S D Beams, R H Lesh & D R Jenkins	PO Box 981, Castletown, Hyde Park, QLD 4812