Staff Reporters

New gold explorer Panaegis Gold Mines Ltd debuted on the Australian Stock Exchange at a slight discount after raising $6 million in its initial public offering.

PGA Western Graingrowers has questioned why AWB Ltd is going to extraordinary lengths in its efforts to deny the Cole Inquiry access to documents crucial to the commission's deliberations.

West Perth-headquartered broad-based resources explorer Sipa Resources has announced positive results from its most recent drilling exploration programme.

Arkenstone Pty Ltd became a substantial shareholder with a relevant interest of 13,799,879 ordinary shares (11.2809%)

African Lion Ltd increased its relevant interest from 17,500,000 ordinary shares (19.58%) to 22,500,000 ordinary shares (23.84%)

The Offer for all of the ordinary shares in Erebus Plc is extend the closing date until 20 June 2006

23.2% owned investee, Jiva Kata Resort Company Ltd, has disposed of its hotel property in Phuket, Thailand.

FOLLOWING on from last week’s Note on Boral Concrete’s largest single concrete pour in a decade, news has come to hand of another marathon effort taking place on Koolan Island, off the far north Kimbe

The Miners Arms has been established as a hotel for over 100 years. Recognised (by performance) as the best hotel in the attractive hamlet of Northampton.

Proposed code: LBT, Issue price: $0.20 , Principal activities: development of technology for use in the automation of microbiology laboratory processing, Corporate: Lusia Guthrie (managing director),

Level 9, Wesfarmers House, 40 The Esplanade, PERTH, WA 6000, Ph: (08) 6464 0400, Fax: (08) 6464 0401

Ringer Soak (Kundat Djaru), Halls Creek. - Pearl Coast Construction: $687,830.00

Despite some much needed rain this week, Western Australia’s farmers are bracing for a big drop in crop volumes due to dry conditions, which are also expected to hurt other states’ production.

Golden Reef Enterprises Pty Ltd Trust became a substantial shareholder with a relevant interest of 3,275,715 ordinary shares (8.19%)

Consolidated Minerals Ltd increased its relevant interest from 163,790,170 ordinary shares (43.85%) to 170,116,132 ordinary shares (45.54%)

Has changed its name to Emerald Oil & Gas NL and will trade under the code EMR.

Completed a placement of 5,166,666 shares at 3 cents each pursuant to a private placement.

THE two leading players in Western Australia’s $200 million a year pearling industry last week entered into a long-term strategic arrangement to expand their exclusive south sea pearling operations.

Proposed code: SHA, Issue price: $0.20, Principal activities: gold exploration, (08) 9225 5544, The company aims to raise $2.6 million

Simon Vickers has been appointed as consulting manager of Change Corporation. Mr Vickers joins Change from Deloitte and Andersen where he spent seven years in senior consulting roles.

This information is a general overview about fuel tax credit for potential new fuel tax credit clients. http://ato.gov.au/distributor.asp?doc=/content/75150.htm Published: June 13 2006

Danny Tak Tim Chan became a substantial shareholder with a relevant interest of 15,500,818 ordinary shares (9.09%)

Worldpower Pty Ltd became a substantial shareholder with a relevant interest of 1,450,000 ordinary shares (5.68%)

Offers have closed fully subscribed

Will sell its cabling division to the KLM Group for an upfront cash consideration of $2.25 million

Perth-based oil junior Impress Ventures Ltd has appointed Eddy Buckovic to the position of chief executive following the departure of current chief executive Rob Hall from the company.

Perth-based designer, installer and supplier of commercial interiors and office furniture. Established 1975.

Proposed code: APP, Issue price: $0.50, Principal activities: investment portfolio administration service provider, Corporate: Paul I Malcolm (managing director), Paul Tzaikos (non-executive director

Canning Bridge Commercial Centre, Suites 11-13, First Floor, , 890 Canning Highway, APPLECROSS, WA 6153, PO Box 1207, CANNING BRIDGE, WA 6153, Ph: (08) 9315 0400, Fax: (08) 9315 0401

David Muir pleaded guilty this week in the District Court of Western Australia on seven charges of making improper use of his position as a company director.

Roger James Gollan Lewis became a substantial shareholder with a relevant interest of 3,008,571 ordinary shares (7.52%)

Arkenstone Pty Ltd changed its relevant interest from 6,805,866 ordinary shares (15.4112%) to 15,659,226 ordinary shares (15.2079%)