TITANIUM SANDS LIMITED — Director's Dealing 2007

Dec 10, 2007

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

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.

Name of entity: 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	Roderick James Hollas SMITH
Date of last notice	7 December 2007

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	Direct and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Pacific Quest Investments Pty Ltd and Whitemire Holdings Pty Ltd companies controlled by Mr RJH Smith. Pacific Quest Investment Trust of which Mr Smith and family are beneficiaries and Pacific Quest Investments Pty Ltd is trustee.
Date of change	10 December 2007
No. of securities held prior to change	Total 9,739,640
Class	ordinary
Number acquired	10,000
Number disposed	0
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$18,800

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

==> picture [433 x 139] intentionally omitted <==

----- Start of picture text -----

No. of securities held after change Total 9,749,640
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of On-market purchase
securities under dividend reinvestment plan, participation in buy-back
----- End of picture text -----

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.

==> picture [433 x 330] intentionally omitted <==

----- Start of picture text -----

Detail of contract N/A
Nature of interest
Name of registered holder
(if issued securities)
Date of change
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
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and
an estimated valuation
Interest after change
----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002