TALONX RESOURCES LIMITED — Major Shareholding Notification 2004

Feb 9, 2004

MOUNT BURGESS MINING N.L.

ACN: 009 067 476

Level 5, 178 St Georges Terrace, Perth, Western Australia, 6000 PO Box 7200, Cloisters Square, Perth, Western Australia, 6850 Telephone: (61 8) 9322 6311 Email: mtb@mountburgess.com Facsimile: (61 8) 9322 4607 Website: www.mountburgess.com

10 February 2004

The Australian Stock Exchange Limited Company Announcements Office $10^th$ Floor 20 Bond Street Sydney NSW Australia

Dear Sir,

FORM 603 - NOTICE OF INITIAL SUBSTANTIAL HOLDER

The Company has today received the attached from Gresham House plc, London, advising that they have become a substantial shareholder in Mount Burgess Mining N.L.

Yours faithfully

N R FORRESTER Chairman and Managing Director

attach.

HOUSE plc GRESHAI

36 Elder Street, London E1 6BT Telephone: 020-7588 7352 Facsimile: 020-7377 2946

APS/AG/GH

9th February, 2004

D A Scarparolo, Esq. Mount Burgess Mining NL Level 5 178 St Georges Terrace Perth W. Australia 6000

Fax letter: 0061892217869

Dear Mr Scarparolo,

On purchasing 73,664 additional shares in your company, it was brought to our attention that we need to disclose details of our holding since it now represents over 5% of your issued share capital.

Accordingly I attach a schedule of all transactions.

Yours sincerely,

A P Stirling Director

Form 603

Corporations Act 2801 Section 671H

Notice of initial substantial holder

To Company Name/Scheme ACN/ARSN	ROVNT BURGESS RINING NL
1. Details of substantial helder (1) Name ACN/ARSN (if applicable)	GRESHATI HOUSE PLC
The holder became a substantial holder on

ž.

$\ddot{t}$ ī

2. Details of varing power

The total number of votes attached to all the voting shares in the company or voting inserests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities.	Person's votes (5)	Volting power (6)
, , , , , , ,
	_________

3. Details of raleward interests.

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

Holder of relevant interest Nature of relevant interact (7)		Class and number of securities
GRESHAM HOUSE PLC	$\cdot$ P/t $-$	ъ.

4. Details of present registered holders

The persons registered as holding of the securities referred to in paragraph 3 above are as follows:

Holder of referrent Interest	Receivance holder of securities	Parson entitled to be registered as holder (b)	Class and number of securities
	GRESHART HOURE PLE CITYCORP NOTINGED

5. Consideration

The consideration paid for each relevant internst referred to in personality 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 interest	Date of acquisition		Consideration (9)
≃⊂	لمحاد	$C\overline{350}$	Non-cash
		SALEMANIAN

6. Associates

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

. -------- and the contract of the contract of the contract of the contract of the contract of the contract of the contract of Name and ACN/ARSN (if applicable) TELEVISION COMMUNISMENT AND ARTICLES	-------------------------------------- . . . Nature of association ____
____ -------- -------------------------------------- -----	Section ------ ________
Philadelphia and a state of the first state of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract o	-----

7. Addresses

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

and the communication of the contract of the con- Name ______	The Secret Contract of Secret Contract --- Ackitess
. . æ . . .	------ _____ ___ ⊷ c. -------- . .	Abu a community of the UKS
-------------------------------- --------------------------------------	www.communication.com/2019-19-20-00000000000000000000000000000 ------- Manufacturers as an article in the contract .

Signature

print name	APSTRUSE	capacity $L_{RZ} = 2.5$
sign here		$40^{\circ}$ 06/02/04
	DIRECTIONS

• m If there are a number of substantial holders with similar or related relevant impress (eg. a corporation and its related corporations, or the manager and trustile of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially strailar, they may be referred to throughout the form as a specifically narried group if the mombership of coch group, with the names and addresses of members is clearly set out in paragraph 7 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. 12
• 偽 See the definition of "relevant interest" in sections 600 and E718(7) of the Corporations Act 2001,
• The voting stares of a company constitute one class unless thylded into separate classes. í0.
• 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 interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• m Include details of:
• any relevant agreement or other circumstances by which the relevant intanest was acquired. If subsection 6718(4) applies, a copy of any document setting out 恸 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 働 which the refevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant argumentaris" is section 9 of the Corporations Act 2001.

• If the substantial holder is unable to determine the identity of the person (eg. if the relevent interest orises because of an option) write "unknown". 俭
• Details of the consideration must include any and all benefits, money and other, that any person from whom a relivant interest was acquired has, or may, become
  entitled to receive in relation to their acquisition. Details 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 in the relevant interest was acquired.

Transactions in Mount Burgess for GRESHAM HOUSE PLC

Date	Transaction	Number of units	Price sub	Dealing Costs	Total A\$	Capital Gain	Total Holding	Note	Exchange Rate	UK Stering Total
20 Dec 00	Buy	514,700	11.00	481.35	57,098.35		514,700		2.670	£21,385
20 Dec 00	Buy	485,300	10.89	449.24	53,296.41		1,000,000		2.670	£19,962
12 Jan 01	Buy	200,000	9.86	132.50	19,852.50		1,200,000		2.650	£7,492
23 Jan 01	Buy	42,000	9.26	19,43	3,908.63		1,242,000		2.630	£1,486
30 Jan 01	Buy	169,520	9.26	133.49	15,831.04		1,411,520		2.670	£5,929
8 Feb 01	Buy	88,480	9,27	133.51	8,335.61		1,500,000		2.670	£3,122
21 May 02	Buy	338,900	12.50	211.83	42,574.33		1,838,900		2.627	€ 16,208
23 May 02	Buy	161,100	12.06	195.76	19,624.42		2,000,000		2,610	£7,518
15 Apr 03	Buy	2,000,000	7.00		140,000.00		4,000,000		2.590	£54,050
5 Aug 03	Buy	1,000,000	8.00		80,000.00		5,000,000		2.496	£32,051
22 Oct 03	Buy	1,000,000	14,00		140,000.00		6,000,000		2.396	€ 58,438
6 Feb 04	Buy	73,664	10.50	50.00	7,784.72		6,073,664		2.374	£3,279

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$\label{eq:2.1} \frac{1}{\sqrt{2}}\int_{\mathbb{R}^3}\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2.$

$\label{eq:2} \mathcal{L} = \mathcal{L} \left( \mathcal{L} \right) \left( \mathcal{L} \right) \left( \mathcal{L} \right)$