TITANIUM SANDS LIMITED — Major Shareholding Notification 2004

Feb 25, 2004

PRECIOUS METALS AUSTRALIA LIMITED A C N : 009 131 533

TOP 20 HOLDERS REPORT DATE: 23/02/2004 CLASS: 2 PMA ORDINARY

		Holding	%
1	TAGORA PTY LTD PO BOX 467 CLAREMONT WA 6910	9,123,490	27.65
2	PACIFIC QUEST INVESTMENTS PTY LTD PO BOX 395 COTTESLOE WA 6911	8,571,429	25.98
з	HORSESHOE EXPLORATION PTY LTD PO BOX 395 COTTESLOE WA 6011	1,926,333	5.84
4	GRAND LAKES STUD PTY LTD PO BOX 5084 DALKEITH WA 6009	1,497,213	4,54
5	RETFORD RESOURCES NL LEVEL 22 EXCHANGE PLAZA 2 THE ESPLANADE PERTH WA 6000	914,638	2.77
6	ANDREW KREGOR MCKEE 135 CIRCE CIRCLE DALKEITH WA 6009	695,000	2.11
7	MR RODERICK JAMES HOLLAS SMITH PO BOX 395 COTTESLOE WA 6011	512,001	1.55
8	VAGG INVESTMENT MANAGEMENT SERVICES PO BOX 381 NORTH SYDNEY NSW 2059	443,924	1.35
9	HSBC CUSTODY NOMINEES (AUSTRALIA) LTD GPO BOX 5302 SYDNEY NSW 2001	400,500	1.21
10	ANZ NOMINEES LIMITED GPO BOX 2842AA MELBOURNE VIC 3001	302.034	0.92
11	NATIONAL NOMINEES LIMITED GPO BOX 1406M MELBOURNE VIC 3001	281,980	0.85
12	BOW LANE NOMINEES PTY LTD C/- SMITH BARNEY CITIGROUP AUSTRALIA PTY LTD PO BOX 360 COLLINS STREET WEST VIC 8007	277,000	0.84

$\blacksquare$

$\pm$

26.FEB.2004	ASX PERTH 8:43		NO. 186	P.4/15
13	MAGSTOCK PTY LTD C/-135 CIRCE CIRCLE DALKEITH WA 6009	230,122	0.70
14	WESTGOLD RESOURCES NL 10TH FLOOR CHANCERY HOUSE 37 ST GEORGES TERRACE PERTH WA 6000	200,000	0.61
15	R & B INVESTMENTS PTY LIMITED PO BOX R815 ROYAL EXCHANGE NSW 1225	161,210	0.49
16	MISS YU CHUAN CHEN PO BOX 2158 KEW VIC 3101	155,000	0.47
17	MRS LILIANA TEOFILOVA UNIT 7 24 CHALEYER STREET ROSE BAY NSW 2029	147,536	0.45
18	MR ARTHUR CARBO 91/8 THE ESPLANADE ST KILDA VIC 3182	125,128	0.38 1
19	MR ROBERT EUAN MACMILLAN & MRS RUTH DURELLE MACMILLAN 22 DOCKER STREET ELWOOD VIC 3184	104,650	0.32
20	MR ALEXANDER REID 5 MERINO STREET BRACKEN RIDGE QLD 4017	101.780	0.31
		26,170,968	79.30
	Total Ords On Issue	32,997,712	100.00

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$\mathbf{i}$

	PRECIOUS METALS AUSTRALIA LIMITED A C N : 009 131 533	TOP 20 HOLDERS REPORT CLASS:12 PMAOB OPTIONS	DATE: 23/02/2004
1	DR GLEN WHISSON & MRS TANIA WHISSON 29 PINE TERRACE DARLINGTON WA 6070	1,250,007	9.69
2	MR BIN MOHAMAD ABAS 165 SERPENTINE ROAD ALBANY WA 6330	1,040,000	8.06
3	REEF SECURITIES LIMITED 1802 EDINBURGH TOWER THE LANDMARK 15 QUEENS ROAD CENTRAL HONG KONG	770,000	5.97
4	RETFORD RESOURCES NL LEVEL 22 EXCHANGE PLAZA 2 THE ESPLANADE PERTH WA 6000	501,667	3.89
5	MR DAVID WILLIAM BUCHOLD 31/33 LALOR ROAD KENWICK WA 6107	489,798	3.80
6.	MR HELMUT ROCKER BOX 192 NAMBOUR QLD 4560	461,250	3.73
$\overline{7}$	ANDREW KREGOR MCKEE 135 CIRCE CIRCLE DALKEITH WA 6009	434,375	3,37
8	MR BIN MOHAMAD ABAS 165 SERPENTINE ROAD ALBANY WA 6330	391,750	3.04
9	MR EDWARD PROTASEWICZ 2/26 MANOOKA DRIVE CANNONVALE QLD 4802	330,336	2.56
10	MR ROBERT JOSEPH EDWARDS PO BOX 61 OCEAN SHORES NSW 2483	330,000	2,56
11	HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED GPO BOX 5302 SYDNEY NSW 2001	262,188	2.03
12	TRADCO PTY LTD PO BOX 445 KENT TOWN SA 5071	251,250	1.95
13	MR IANAKI SEMERDZIEV GPO BOX 4237 SYDNEY NSW 2001	250,001	194

$\blacksquare$

$\ddot{\phantom{a}}$

26.FEB.2004 ASX PERTH 8:43		NO.186
14 MR JAMES ARTHUR WALL UNIT 77 96 ALFRED STREET MILSONS POINT NSW 2061	250,000	1.98
15 MR DONALD STUART CROMBIE 7 WESTBURY STREET RED HILL QLD 4059	230,000	1.78
16 MR FRANCIS JOHN HIGGINS 21 THORPE STREET ROCKINGHAM WA 6168	190,344	1.48
17 MRS PAOLA BARDWELL 289 SALVADO ROAD FLOREAT WA 6014	185,000	1.43
18 MR HUGH ANTHONY BRADY 97 PETTERD STREET PAGE ACT 2614	170,000	1.32
19 VAGG INVESTMENT MANAGEMENT SERVICES PTY LIMITED GPO BOX 3806 SYDNEY NSW 2001	150,487	1.17
20 MAGSTOCK PTY LTD C/-135 CIRCE CIRCLE DALKEITH WA 6009	144,076	1.12
	7,958,453	61.75

$\blacksquare$

Total Options PMAOB on Issue

$\bar{z}$ $\ddot{\phantom{a}}$

12,896,334 $100.00$

$P.6/15$

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