TIVAN LIMITED — Major Shareholding Notification 2006

Mar 30, 2006

604 page 1/2 July 2000

Form 604

Corporations Law Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	TENNANT CREEK GOLD LIMITED --------------------------------------
ACN/ARSN	000 817 023

1. Details of substantial holder(1)

Name	RAB SPECAL SITVATIONS (MASTER) FUND LIMITED
ACN/ARSN (if applicable)	ISLANDS REGUSTERED CANNAN DOMPANY

There was a change in the interests of the substantial holder on

The previous natice was given to the company on The previous notice was dated

$\overline{a}$

$28,03,06$ $11,09,2005$ et 1061 2005

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 scheme that the substantial holder or an associate (2) had a relevant interest (3) and a relevant interest (3) in when

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Class of securities (4)	Previous notice 1.		Present notice	1445.44 $.$
	Person's votes	******* Voting power (5)	Person's votes	Voting power (5)
.				۵

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 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 given in relation to change $(i)$	Class and number of securities affected	Person's votes affected
	28 MARCH ANS SPICIAR STRAIGH LANZRANT		N)A	to, assess	200,000,00
200	$(MABX)$ fun $\Omega$	EXERCISE		ORDWAN	IQTOMANI
	Lint I Tin⁄\			omis	5 AR R

4. Present refevant 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 (B)	Nature of relevant interest (6)	Class and number of securities	Person's votes
LAS SPECAR	LESTAR CUSTOMN	N IA	BENEPHAAL		$70,000,000$ 20,000,000
STANDYS IMSTED NOMMERS			HUUOOR	OROWAN
FULLO LUMITED	4mmes			omro

604	page 2/2	July 2000

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the rature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

_____ _____ Name and ACN/ARSN (if applicable). -------------------------------------- The first state of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the comp	_____ Nature of association _____ .
4.
-------------------------------------- -----	_________ -------------------------------------- ,,,,,,,,,,,,,,,,,,,, --------------------------------------

6. Addresses

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

THE PERSONAL MALE MALE PLATFORM Name _____ --	-------------------------------------- -------------------------------------- ---------------- Address
--------------------------------------	________ .
____ the contract compared on the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the c	-------------------------------------- ------------------ -------------------------------------- **** . ------- $\ddotsc$ . The continuum continuum continuum continuum continuum continuum continuum continuum continuum continuum continuum continuum continuum continuum continuum continuum continuum continuum continuum continuum continuu

Signature

print name	________ --------------------------------------	сараску . __	_________
sign here		date

DIRECTIONS

• $\mathbf{u}$ 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 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
• $\mathcal{Q}$ See the definition of "associate" in section 9 of the Corporations Law.
• $\Omega$ See the definition of "relevant interest" in sections 60B and 6718(7) of the Corporations Law.
• $[4] % \centering \includegraphics[width=0.9\columnwidth]{figures/fig_4} \caption{A graph of the parameter $\Omega$ with the same parameters $g_I$ for the $I=100$ and $g_I=100$ (black) and $g_I=100$ (black) and $g_I=100$ (black) and $g_I=100$ (black) and $g_I=100$ (black) and $g_I=100$ (black) and $g_I=100$ (black) and $g_I=100$ (black) and $g_I=100$ (black) and $g_I=100$ (black) and $g_I=100$ (black) and $g_I=100$ (black) and $g_I=100$ (black) and $g_I=100$ ($ The voting shares of a company constitute one class unless divided into separate classes.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. ${5}$
• ស include details of:
• ${a}$ any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(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 document setting out the terms of any relevant agreement, and accurate set
• (b) 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).

See the definition of "relevant agreement" in section 9 of the Corporations Law.

• 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, becomie
  entitled to receive in relation to that acquisition. Details $\langle 7 \rangle$ included of any benefit paid on benaff of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom
• $\left( 6\right)$ 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".
• 圓 Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

RAB Special Situations (Master) Fund Ltd c/o RAB Capital Plc 1 Adam Street London WC2N 6LE United Kingdom $-$ Tel: +44 20 7389 7000	Westpac Custodian Nominees Limited Level 9 50 Pitt Street Sydney
Fax: +44 20 7389 7057	NSW 2000
Email: Legal@rabcap.com	Australia