TITANIUM SANDS LIMITED — Director's Dealing 2005

Aug 18, 2005

19 August 2005

Companies Announcement Office Australian Stock Exchange Limited Exchange Plaza Sherwood Court PERTH WA - 6000

Dear Sir,

Sale of Shares by Chairman

Attached are forms 604 and Appendix 3Y lodged by the Chairman of Precious Metals Australia Limited, the Earl of Warwick.

The Earl agreed to sell approximately 5 million shares on market to make up the oversubscription to the recent issue of shares to international institutional clients of Montagu Stockbrokers and was part of a range of measures to broaden the shareholder base. The shares were crossed on market by Montagu Stockbrokers on behalf of international institutional clients.

Yours sincerely

Roderick Smith Managing Director

Level 1, 30 Richardson Street West Perth Western Australia 6005

1919 1922 2222 2222 2222 1930 2002 2230 1930 1930 1930 2222 2222 1930 1930 1930 1930

PO Box 620 West Perth Western Australia 6872

Telephone: +61 8 94231900
Facsimile: +61 8 94231999

http://www.pmal.com.au

Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

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 30/9/2001.

PRECIOUS METALS AUSTRALIA LIMITED

ACN: 009 131 533

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Earl of Warwick
Date of last notice	06/01/2005

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Tagora Pty Ltd, a company controlled by the Earl of Warwick. Acquired shares on market Hillbrow Investments Ltd, a company associated with the Earl of Warwick. Acquired shares off market
Date of change	17/08/05
No. of securities held prior to change	Tagora - 5,948,188 Ordinary Shares $Hillbrow - 5,000,000$ Ordinary Shares
Class	$Shares - ordinary$
Number acquired	Nil
Number disposed	4,642,857
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$3,250,000

⁺ See chapter 19 for defined terms.

No. of securities held after change	Tagora $-1,305,331$ Ordinary Shares Hillbrow $- 5,000,000$ Ordinary Shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back-	On market trade

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an- estimated valuation	N/A
Interest after change	N/A

⁺ See chapter 19 for defined terms.

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	PRECIOUS METALS AUSTRALIA LIMITED
ACN/ARSN	009 131 533

1. Details of substantial holder (1)

Name	EARL OF WARWICK
ACN/ARSN (if applicable)	,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, --------------------------------------- N/A ,00,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,

There was a change in the interests of the substantial holder on	17/08/2005
The previous notice was given to the company on	27/04/2005
The previous notice was dated	27/04/2005

2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4) アクティック・アクセス アイ・フィック アイ・フィック アイフィック アイ・コンピュータ アール・コード きょうしょう アープ・プレー	_________ Previous notice		-Present notice
	Person's votes Voting power (5) والمحامل ومستحيلات والمتوارث والمتعاون والمسالم والمتحرم		Person's votes	Voting power (5)
Ordinary	10,948,188 24.04%		6,305,331	13.8%
--------------------------------------				والموالي والموالي والموالي والمرادي والموالي والمتحدث والمتحدث والمتحدث والمتحدث

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
27/04/2005	Tagora Pty Ltd	On Market Sale (3,250,000		4,642,857	4.642.857

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder. (8)	Nature of relevant interest (6)	Class and number of securities.	Person's votes.
Tagora	Tagora	Tagora	Director/ Shareholder	1.305.331	1.305.331
Billhrow	Hillbrow	Hillbrow	Director/ Shareholder	5.000.000	5,000,000

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)			Nature of association
N/A			and the state of the state of the state of the state .

6. Addresses

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

Name	Address
	Second Manual Schedule Schedule Publishers
*******
Tagora	PO Box 469, Claremont, Perth, WA 6910
________	_________
Hillbrow	PO Box 894, I Corral Road, Suite 3E. Gibraltar .

Signature
	print name	- Earl of Warwick	capacity	Director
	sign here $\ddotsc$		date	17/08/2005	------------
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DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the $(1)$ manager and trustee 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 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 6 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• Include details of: $(6)$
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) $(a)$ applies, a copy of any document setting out 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 $(b)$ disposal of the securities to 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.

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired $(7)$ 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.
• If the substantial holder is unable to determine the identity of the person (eg. If the relevant interest arises because of an option) write $(8)$ "unkaown".
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$