TITANIUM SANDS LIMITED — Major Shareholding Notification 2005

Oct 9, 2005

FACSIMILE TRANSMISSION

TO:	ASX - Companies	From:	Keith Coughlan - Director
Coy:		Fax No.	+618 9325 7355
Fax No.:	1900 999 279	Mobile No.	041 999 6333
Date:	10 Oct. 05	E-mail	kcoughlan@montagustockbrokers.com.au

Number of pages sent including cover sheet 3_

Please see following Form 603 regarding Precious Metals Australia (PMA) for release to the Market.

10/10/2005	08:50	6193257355			MONTAGU STOCKBROKERS		PAGE.
$v = \frac{\mu_0 c}{7}$ . OCT. 2005 - 13:29			CSFB	VALLE	Ł	$66/10$ / m NO. 312956 P. 21: 2
						903	Page 1 of 2 15 July 2001
					Form 603
					Corporations Act 2001 Section 1719
					Notice of initial substantial holder
	To Company Name/Rehene				PRECIOUS METALS AUSTRALIA LIMITED
	ACN/ARSN		45 009 131 533

1. Details of substantial holder (1)

Name CITICORS NORTHEES FIT LTD

ACN/ARSN (if applicable)

$\sim$ 10 $\pm$ The Contract Contract

The holder became a substantial holder on 20/09/2005

2. Details of voting power

The total number of voice attached to all the veling afsame in the company or voting interests in the scheme that the substantial holder or
an associate (2) hed a rejevent interest (3) in on the date the substantial holder

, Class of securities (4) Continued States	___ Number of escurition	(S) Person's voice (S	Viding power (0)
PRO	5.570,000	5,670,000 ----	B. 63%

$\blacksquare$

3. Details of relevant intersals

The noture of the relevant interest the substantial holder or an associate had in the following voting ascurities on the dere the superantial
holder became a substantial holder are as follows; e a con

. Holder of relevant interest	Nisture of relevant leterned (7)	Class and number of securities
I GRAAFC TRUNT REQ.	EDGIYICIAL ORNER	TPO 5,570.000

ب:

4. Details of present registered holders

The persons registered se holders of the securities referred to in paragraph 0 above are selfatore;

$\sim$

Holder of relevant Index Get TELES VALUES	Heginterne helder of ROOMSIGN	Person entried to be registered as helder (5)	Clean and number of necurities
. GMARC TRUST REG.	CITICORP NORRHERS	X/A	TPO 5,570,000
	FIY LTD
			_________

6. Consideration

$\alpha = 1/2$

$\sim$

The consideration paid for warn relevant interest referred to in persgraph 3 above, and sequired in the four months prior to the day that the substantial holder became a substantial hyster in an follows;

Holder of relevant in terest -------- Section Advisory	Owle of acquisition	$C$ conditional $\hat{\mathbf{e}}$	$-17.5$ and $-17.5$	Ollens and number of smourities
		Caso	Non-costs
CRASEC TRUST REG.	30. ATP 2005	A93,099,000		$\cdots$ ---------- FBO 5,570,000
		CONTRACTOR CONTRACTOR CONTRACTOR CONTRACTOR		.

02

06/18/05NO. 31296 P. 3: 3

403 Page 2 of 2 15 July 2001

R. Announce

The respons the parsons natured in paragraph 3 above are associates of the substantial holder are so follows:

	--------------------------------------
I Norse and ACN/ARSN (It applicable)	PERMIT AND PROPERTY OF REAL PROPERTY. I Nature of essociation
APRIL $\frac{1}{2}$	MIT! TI $\cdot$ $\cdot$ The concentration of the company of the concentration of the concentration of the concentration of the concentration of the concentration of the concentration of the concentration of the concentration of the concentration
	$-0.00000000000000000000000000000000000$
	The first state and support the company of . 111-755-b

$\boldsymbol{\lambda}$

7. Addresses

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

---------- Name	-4 Addvenus
GERALC TRUST REG.	$(2.0.$ BOX 1617, MEIXRNOFATRASSE 5, FL-9440
	. VAPVS. LIECKTEMSTEIN

Signature

print name	arrogno valle a PERMIT AT A REAL AND ---------- _	——— —	Colombia TRUSTER
sign here	---- --------		-------- — 06/10/2005 Castro
			--------------------------------------- _ -------

OIRECTIONS

• (1) If there are a number of substantial haidars with airclar or related relevant interests (eg. a screambon and its related corporations, or the
  Internation and husted of an equity frust), the names could be included in a
• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.
• (3) Gee the definition of "relevant intetest" in sections 608 and 671B(7) of the Corporations Act 2001.
• (4) The volting sinares of a company constitute one clean unless divided into angerate olasses.
• The lotal number of votes altached to all the voting stures in the company or voting interests in the eshame (if any) that the person or an $(5)$ associate has a relevent interest in.
• (6) The paracritic volume divided by the total votes in the body corporate or summer multiplied by 100.
• $\mathbf{Z}$ include details of
• ery relovant agreement or other circumstances by which the relevant interest was asquired. If subsection 671R(4) applies, a copy of
  any document setting out the terms of any relevant agreement, and a expensent by the perso $\left( \mathbf{n}\right)$ arrampement; 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 which the relevant intercel relates (indicating clusty the p (b. doobee).

Sen the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (B) If the substantial holder is unable to determine the identity of the parson ( eg. if the relevant interest arises because of an option) write unknown"
• (9) Details of the consideration must include any projet benems, money and coner, that any person from whim a relevant interest was
  acquired has, or may, become entitied to receive in raintien to that apputation. Details m