TALONX RESOURCES LIMITED — Major Shareholding Notification 2004

Feb 23, 2004

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme				MOUNT BURGESS MINING N.L
ACN/ARSN	OOq	067	476
1. Details of substantial holder (1) Name	MR.			ALFRED P STIRLING
ACN/ARSN (it applicable)

2. Details of 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) in on the date the substantial holder

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Class of securities (4)	Number of securities	Person's votes (5) .	bower (6) _____
	. --- .		________

3. Details of relevant interests

The nature . 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 tollows:

Holder of relevant interest -----------------------------	. . Nature of relevant interest (7) ---	Class and number of securities
	ANNEXURE ---------------------	-------------

4. Details of present registered holders

The persi--gistered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be reaistered as holder (B)	. Class and number of securities .
	SEE ANNEXURE	.

5. Consideration

The considermion 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 relevant iriterest	Date of acquisition	Consideration (9)	Class and number of securities
	-------------	________	Non-cash
---------------------------------------	SEE ANNE XIRE	.	.
			--------------- ---------

$\mathcal{L}_{\mathcal{L}}$

6. Associates

The reasons the persons nemed in paragreter 3 stone are avenueses or the substantial holder are os follows:

Name and ACN/ARSN (If applicable) .	Nature of essociation فشرخ شعث فللقائد خرما بالإسماء ومحمده والمخالف ومشروع شراء والمروريان
Constitution	IEY J RE

V. Address JE

The address in of persons named in this form are an follows:

THE --------	---------- -------------------------------------- – _________
---------------- -------	WAR $-$ _ COMPANY

Sinnatu a

print name	P. STIRWNG	(MACRY
sign hore		$100^6$ / $82'$ of
	EXRECTIONS

• If Itsee are a number of substantial horizons with similar or related relevant interests (appeal on a let more wishes, or the manager and trustee of an
  Up thy mad, the names round be impulsed in any same to the form. If th n - should the fores as a sportfically remember the membership of coun group, with the remem- nud addresses of members is chemiy aw out in paragraph 2 of the $\mathfrak{g} \in \mathfrak{g}_0$
• the definition of "associate" in section 9 of the Corporations Act 2001. Ø.
• See the definition of "relevant interest" in sections 508 and 6718(7) of the Corporations Act 2001. Ō.
• 値 This waives shower of a cremonary constitute the class unless divided into servate classes.
• tal number of vares attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or as seconductions a rainward. 6 Catalog $\mathbf{r}$ .
• . xxisori's votes disided by the rozal votes in the body corporate or scheme multiplied by 100 ø

Ø Include details of:

any relevant syvernmi in other clicumstances by which the relevant interest was acquired. If subsection 5718(4) applies, a copy of any document setting out
the laws of any relovent agreement, and a statement by the purson $\mathbb{R}^3$

any qualification of the power of a porson to coerche, control the exactise of, or influence the exactive of, the volume or or spossed of the securities to
which the relocated intense related finitioning claimly the partic

the definition of Yukosant agreement" in section 4 of the Corporations Art 2003.

• If the substantial indication combine to determine the internity of the porson (log. If the relevant interest arises because of an option) write "unknown". $\bullet$
• (* -- is of the considerable must industrially and at nanalits, money and other, that any painten form internal interest was acquired his, or say, hecome
  .................................... Ø

Annexure 1.

3. DETAILS OF RELEVANT INTERESTS

Holder of Relevant Interest	Nature of relevant interest	Class and number of secs.
A P Stirling	Principal	1,200,000
A P Stirling (PEP $&$ ISA)	Principal	1,000,000
A P Stirling 5 Account	Associate	20,000
A C Stirling	Associate	268,000
A C Stirling (PEP $&$ ISA)	Associate	132,000
A G P Stirling	Associate	400,000
A V Stirling	Associate	400,000
A L Stirling (PEP $&$ ISA)	Associate	400,000
Buckton Holdings Ltd	Associate	1,000,000
Buckton Homes Limited	Associate	2,500,000

Annexure 2.

4. DETAILS OF PRESENT REGISTERED HOLDERS

Holder of Relevant Interest	Registered holder of secs.	Person entitled to be registered as holder	Class and number of secs.
A P Stirling	Citicorp Nominees		1.200,000
A P Stirling (PEP & ISA)	Citicorp Nominees		1.000.000
A P Stirling 5 Account	Citicorp Nominees		20,000
A C Stirling	Citicorp Nominees		268,000
A C Stirling (PEP & ISA)	Citicorp Nominees		132,000
A G P Stirling	Citicorp Nominees		400.000
A V Stirling	Citicorp Nominees		400,000
A L Stirling (PEP & ISA)	Citicorp Nominees		400,000
Buckton Holdings Ltd	Citicorp Nominees		1,000,000
Buckton Homes Limited	Citicorp Nominees		2,500,000

Date		Transaction Number of unite	Price aub	Dealing Costs	Total AŜ	Capital Gein	Total Holding
15 Apr 03 Buy 22 Oct 03 Buy 29 Jan 04 Sell	9 May 02 Buy 5 Aug 03 Buy	500,000 500,000 200,000 1,000,000 1,000,000	12.50 7.00 8.00 14.00	515.39 9.36	63,315.39 35,000.00 16,009.38 140,000.00 11.33 977.81 112,312.19		500,000 1,000,000 1,200,000 2,200,000 1,200,000

Transactions in Mount Burgess for AP STIRLING

Transactions in Mount Burgess for AP STIRLING PEP & ISA

Dato	Transaction Number Price Dealing	of units	BUD	Costa	Total AS	Capital Gain	Total Holding
29 Jan 04 Buy 29 Jan 04 Buy		60,000 040,000	11.34 11.34	$-0.00$	6.806.55 -0.00 106,635.97		60,000 1,000,000

Annexure $3(b)$

Transactions in Mount Burgess for A P STIRLING NO 5 ACCOUNT

Date	Transaction Number Price Dealing	of unds	sub	Costs	Total AS	Capite! Gain	Total Holding
15 Apr 03 Buy		20.000	7.00		1.400.00		20,000

Transactions in Mount Burgess for A.C.STIRLING

Date	Transaction Number	of units	Price sub	Dealing Costs	Total A\$	Capital Gain	Total Holding
	3 May 02 Buy	62,500	13.10	91.90	8,279.40		82,500
	10 May 02 Buy	37,500	12.56	63.92	4,773.92		100,000
	15 Apr 03 Buy	100,000	7.00		7,000.00		200,000
	5 Aug 03 Buy	100,000	8.00		8,000.00		300,000
	27 0ct 03 Buy	100,000	14.00		14,000.00		400,000
	23 Jan 04 Sell	132,000		11.33 392.12	14,561.83		268,000

Transactions in Mount Burgess for AC STIRLING PEP & ISA

Date	Transaction Number Price Dealing	of units.	- sub	Costs	Total AS	Capital Gain	Total Holding
29 Jan 04 Buy		132,000	11.34		-0.00 14,974.41		132,000

Transactions in Mount Burgess for A.G.P.STIRLING

Date	Transaction Number	of units	Price sub	Dealing Costs	Total A3	Capital Gain	Total Holding
	3 May 02 Buy	62,500	13.10	91.90	8,279.40		62,500
10 May 02 Buy		37,500	12.56	63.92	4,773.92		100,000
15 Apr 03 Buy		100,000	7,00		7,000.00		200,000
	5 Aug 03 Buy	100,000	8.00		8,000.00		300,000
22 Oct 03 Buy		100.000	14.00		14,000.00		400,000

Transactions in Mount Burgess for A.V.STIRLING

82,500	13.10	91.90	8,279.40		62,500
37.500	12.56	63.92	4,773.92		100,000
100,000	7.00		7,000.00		200,000
100,000	8.00				300,000
100,000	14.00		14,000.00		400,000
				8,000.00

Transactions in Mount Burgess for AL STIRLING PEP & ISA

Date	Transaction Number Price Daaling	of units i	ະບວ	Costa	Total AŜ	Capital Gain	Total Holding,	Note
29 Jan 04 Buy					400,000 11.34 -0.00 45,377.01		400,000

Transactions in Mount Burgess for BUCKTON HOLDINGS LIMITED

Date	Transaction Number	of units	Price SUD	Dealing Costs	Total A\$	Capital Gein	Total Holding
Management and companies	4 Jan 01 Buy 12 Jan 01 Buy 15 Apr 03 Buy 5 Aug 03 Buy	276,750 23.250 300,000 400,000	3.71 3.72 7.00 5.00	37.50 50.18	10,304.92 915.68 21,000.00 32,000.00		276,750 300,000 600,000 1,000,000

Transactions In Mount Burgess for BUCKTON HOMES LIMITED

ಾಜ	Transaction	Number of units	Price sub	Dealing Costs	Total AS	Capital Gain	Total Holding
	17 Jan 02 Buy	35,300	13.36	139.50	4,855.56		35,300
	30 Jan 02 Buy	56,786	13.50	139.70	7,808.08		92,088
	7 Feb 02 Buy	70,000	13.57	170.95	9,668.20		162,088
	15 Feb 02 Buy	194,011	13.57	402.75	26,730.04		355,099
	22 Feb 02 Buy	270,300	13.57	468.42	37,141.38		626.399
	28 Feb 02 Buy	49,420	13.57	136,99	8,843.29		675.819
	14 Mar 02 Buy	74.181	13.57	181.20	10.247.58		750,000
	15 Apr 03 Buy	750.000	7.00		52,500.00		1,500,000
	5 Aug 03 Buy	500,000	8.00		40,000.00		2,000,000
	19 Nov 03 Buy	500,000	11.75		58,750.00		2,500,000

Annexure 4

6. Associates

Name	Nature of association
A P Stirling 5 Account	Grandchild
A C Stirling	Adult child
A C Stirling (PEP $&$ ISA)	Adult child
A G P Stirling	Adult child
A V Stirling	Adult child
A L Stirling (PEP & ISA)	Adult child
Buckton Holdings Ltd	Unlisted company -shareholders are
	associates (adult children)
Buckton Homes Limited	Unlisted company - shareholders are
	associates (adult children)