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IMPORTANT NOTICE

ENTITLEMENTS ISSUE PROSPECTUS:

A Prospectus for a pro-rata, non-renounceable entitlement issue of 23,383,338 options on the basis of one option for every three shares held by shareholders registered at 5.00pm (WST) on 16 April 2008 at an issue price of 1 cent per option.  The options will have an exercise price of 20c per option prior to the expiry date of 30 June 2010.

The expiry date of the Prospectus is 1 May 2009.

IMPORTANT INFORMATION:

This is an important document that should be read in its entirety. If after reading this Prospectus you do not understand it you should consult your stockbroker, accountant or other professional adviser without delay.

The options offered by this Prospectus should be considered speculative.

LODGEMENT OF PROSPECTUS WITH ASIC:

The Prospectus accessible through this website has been lodged with the Australian Securities and Investments Commission (ASIC).

Eligible shareholders who wish to subscribe for options will need to complete and return the personalised Application Form that will accompany the Prospectus.

To view the prospectus you need to have Adobe Acrobat Reader 4.0 or higher. Adobe Acrobat Reader can be downloaded at the following website:

http://www.adobe.com/products/acrobat/readstep.html

WARNING:

For legal reasons, the information and electronic Prospectus provided by this website is available to persons accessing this website from within Australia only. If you are accessing this website from anywhere outside Australia, please do not download the electronic Prospectus accessible through this website.

This Prospectus does not constitute an offer of securities in any jurisdiction where, or to any person to whom, it would not be lawful to issue the Prospectus or make the offer. It is the responsibility of any Applicant outside Australia to ensure compliance with all laws of any country relevant to their Applications, and any such Applicant should consult their professional advisers as to whether any government or other consents are required, or whether any formalities need to be observed to enable them to apply for and be allotted any securities.

DOWNLOAD THE PROSPECTUS NOW here.