| Mardasa Nominees Pty Ltd |  
        12,461,896
       |  29.70% | 
| Peterhouse Capital Limited |  
        6,524,880
       |  26.39% | 
| Richard Edwards |  
        3,632,224
       |  14.69% | 
| Philip J Milton & Company Plc |  
        2,992,801
       |  16.45% | 
| Peel Hunt LLP |  
        1,032,047
       |  5.67% | 
| Arakan Resources Limited |  
        548,550
       |  13.86% | 
| Armstrong Investments Limited |  
        300,000
       |  7.51% | 
| Tirex Resources Ltd. |  
        294,899
       |  7.45% | 
| Alhambra Resources Ltd. |  
        276,450
       |  6.99% | 
| The Waterberg Coal Company Ltd. |  
        233,522
       |  5.90% | 
| Fiske Nominees Limited |  
        223,611
       |  4.44% | 
| Apogee Silver Ltd. |  
        197,746
       |  5.00% | 
| Anglo-African Minerals PLC |  
        197,000
       |  4.98% | 
| Siberian Goldfields Limited |  
        197,000
       |  4.98% | 
| NuLegacy Gold Corporation |  
        173,120
       |  4.38% | 
| Portex Minerals Inc. |  
        144,335
       |  3.65% | 
| Black Star Petroleum Limited |  
        132,144
       |  3.34% | 
| Align Research & related party R Jennings |  
        125,982
       |  3.00% |