Staff Reporters

 Has sold six million unlisted Options in Avoca Resources Ltd adding an additional $712,000 to cash reserves.

 THE Oilex board has chosen 25-year oil and gas veteran Dr Bruce McCarthy as their new managing director.

Over Monday March 21 to Wednesday March 23 the 6th annual Crushing & Grinding Conference will be held at the Novotel Langley.

Portfolio Partners Ltd ceased to be a substantial shareholder.

Commonwealth Bank of Australia increased its relevant interest from 26,281,261 ordinary shares (7.3%) to 30,145,156 ordinary shares (8.37%)

Commonwealth Bank of Australia decreased its relevant interest from 69,135,358 ordinary shares (7.69%) to 59,895,358 ordinary shares (6.60%)

Announced the placement of 12,720,000 fully paid ordinary shares at 11 cents each to clients of Patersons.

DEVELOPER Port Bouvard Limited has reported a reduction in revenues and profits for the six months to December 31 2004.

China received the seal of approval as a centre for investment from then Western Australian Premier Richard Court on a visit to the country, this week 10 years ago.

KALGOORLIE’S Heron Resources has increased its cash reserves by $712,000 following the sale of six million unlisted options in Avoca Resources.

Australian Trade Commission regional director for the Americas Ian Wing to speak at The AUSFTA: What it Means for You, March 9 at Fraser’s Restaurant & Function Centre.

Perpetual Trustees Australia Ltd ceased to be a substantial shareholder.

JP Morgan Chase & Co. became a substantial shareholder with a relevant interest of 10,148,392 ordinary shares ( 5.15%)

Cleveland Cliffs Australia P.L. increased its relevant interest from 4,454,193 ordinary shares (2.5353%) to 7,025,783 ordinary shares (3.999%)

Offer extended to 28 February 2005.

Advise that 1,100,000 unlisted options will be released from escrow on 8 March 2005.

Balcatta office building has been sold for $14.7M.

On Wednesday March 16 the Committee for Economic Development of Australia will host a luncheon with Wesfarmers deputy managing director and chief financial officer Richard Goyder,

Barclays Group ceased to be a substantial shareholder.

UBS Nominees P.L. increased its relevant interest from 11,572,144 ordinary shares (9.88%) to 16,988,448 ordinary shares (14.42%)

Kurana Pty Ltd decreased its relevant interest from 7,279,970 ordinary shares (6.40%) to 6,198,601 ordinary shares (5.45%)

Take over offer by Consolidated Minerals Ltd & Consolidated Nickel P.L. free of all conditions.

Settlement was completed on 18 February 2005 for the acquisition of Island Gateway Caravan Park, Airlie Beach, Queensland

General Meeting will be held at Parmelia Hilton, Mill Street, Perth, Western  Australia on 31 March 2005 at 10.00 am.

GAVIN Brown has been found guilty in the District Court of Western Australia on four charges of market manipulation, laid by the Australian Securities and Investments Commission.

 Nido Petroleum, has appointed four new members to its team.

ORBITAL Corporation says order timing issues are responsible for a net loss of $1.5 million for the half year to December 31.

Proposed code: WGPIssue price: $0.25 plus free attaching options.

Mount Gibson Iron Ltd became a substantial shareholder with a relevant interest of 13,500,000 ordinary shares (5.7%)