TITANIUM SANDS LIMITED — Major Shareholding Notification 2007

Jul 1, 2007

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To_ Company Name/Schenae	Precious Metals Australia Limited Allian Miller Million the contract of the 009 131 533
acn/arsn
1. Clecails of substantial halder(1)
Name ACN/ARSN (If applicable)	Roderick Smith		Televis Inglated
There was a change in the interests of the substantiaí holder on		27 June 2007
The previous notice was given to the company on The previous notice was dated		31 March 2006 31 March 2006	kaskad (Saturda $\sim$ $\sim$

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 science 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)	Previous notice	Present notice
and successful and a firm of the cress due Sanda Sundang di Baarra Provinsi	Person s votes ፡፡ ፡- ፡- ፡- ፡- ፡- ፡- ፡- ፡- ፡- ፡- ፡- ፡- ፡ 7.RV. $75 -$	Workers Person's votesl ਬ ਬਹੁਤ ਦਾ ਵਧਾਰਸੋਖ ਸਾਂਬਰ ਦੇ ਸ਼ਾਮਨ ਦੇ ਪ . ⋰ᢪᡯᢖᢂ Morant Lington

3. Changes in retevant 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 civen in relation to chance (7)	Class and number of securities affected	Person's votes affected
			45/12/06 11.791.308 diluted by new issue n/a 11.791.308
.	$Z/07 = 1.791.308$ diluted by new issue n/a
	27/2/07 11/424-690 crossing			11.424.690 1

4. Present relevant interests

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

Interest	holder of relavant securities	to be registered as haider (8)	relevant interest (6)	number of securities
POLITTUSE	P	Pacific Quest Investments P/L PQIP/L POI Trust	s/holder		8.622.876 8.46% 490.170 0.48% 2311524 278

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 fo

________ Name anı .	. Natura. _ _____
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. ------- ,,,,,,,,,,,,,,,,,,,,,,,	__ ________ .

6. Addresses

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

	Name		Address
	all parties			PO Box 395, Cottesloe, WA	- 180
Signature
	print name	RIH Smith			ыгестог capacity
	sign here				date 29 June 200
			DIRECTIONS
(I)	If there are a number of substaniial holders with skallar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustes of an equily 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.
Ø	See the definition of "associate" in section 9 of the Comorations Act 2001,
徟	See the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001.
$\langle 4 \rangle$	The voting shares of a company constitute one class unless divided into separate classes.
O)	The parson's votes divided by the total votes in the body corporate or scheme multiplied by 100.
(ö)	Include details of:
	树		any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6716(4) 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 arengement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
	O)		any qualification of the power of a parson 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).
	See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
O)	Details of the consideration must include any and all benefits, money and other, that any person from whom a refevant interest was acquired has, or may, becom a entitied 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 pald on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not pald directly to the person from whom the relevant interest was acquired.
(8)	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".
働	Give details, if approgriate, of the prasent association and any change in that association since the last substantial holding notice.

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