TITANIUM SANDS LIMITED — Major Shareholding Notification 2007

Oct 14, 2007

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	Form 604 Corporations Act 2001 Section 671B
	Notice of change of interests of substantial holder
Eo Company Name/Scheme	Precious Metals Australia Limited
ACN/ARSN	009 131 533
1. Details of substantial holder(1) Name ACN/ARSN (if applicable)	Roderick Smith
There was a change in the interests of the substantial holder on The previous notice was given to the company on The previous notice was dated 2. Provious and present voting power	$-13$ September 2007 27 June 2007 27 June 2007

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 r

Class of securities (4)	Previous notice Votina power (5) Person's votes	Present notice " Voting agwer (6) PRESCUTS Uniter
ordinary	11,424,640 11.2%	9,729,640 9.5%

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

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
			13/10/2007 R.Smith onmarket crossing \$3.57m 1.7m ord 1.7m 20/08/2007 R.Smith onmarket purchase \$9,311 5,000		5,000

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 relavant interest (6)	Class and number of securities	Person's votes
	Pacific Quest Investments P/L Whitemire Holdings Pty Ltd self	PQIP/L self	s/holder s/holder		8,622,876 8.46% $1,106,764$ $1.04\%$

$\bar{z}$

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 voling interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association

6. Addresses

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

Name all parties	Address $PQ$ Box 395, Cottesloe, WA $6011$

Signature

print name	RJH Smith	Gapacity Director
sign here		date 13 October 2007

DIRECTIONS

If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an
equity trust), the names could be included in an ame $(1)$ form.

• See the definition of "associate" in section 9 of the Corporations Act 2001. Ø
• See the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001.
• The voting shares of a company constitute one class unless divided into separate classes. $\left( 4\right)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $\mathcal{F}$
• include details of: (6)

$(3)$

48)

(D)

• any relevant agreement or other circumstances because of which the change in relevant interest occurred. It subsection 6718(4) applies, a copy of any
  document setting out the terms of any relevant agreement, and a statemen $\left( 2\right)$ advanced with the company 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 which the relevant interest relates (indicating clearly the particular securities to which the qualification applies). $\boldsymbol{\theta}$

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 has, or may, becom's be same of the syntagram must mount any and an benefits, money and utiler, that any person lemma renevant memest was acqueed has, or may, becom e
initile i to receive in relation to that acquisition. Details must be includ $\boldsymbol{\eta}$ 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 "unknown".

Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.