Staff Reporters

Lodged response to ASX query.

2,160,000 shares have been placed at 0.125 cents raising $270,000

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.

World champion marathon swimmer Shelley Taylor-Smith to conduct Champion Mindset workshops Reclaim Your Career & Business, April 6 at the Wembley Golf Course Fairway Tavern, a

Commonwealth Bank of Australia ceased to be a substantial shareholder.

Portfolio Partners Ltd increased its relevant interest from 26,276,266 ordinary shares (9.62%) to 34,474,017 ordinary shares (10.77%)

Iiaifa Pty Ltdchanged its relevant interest from 24,133,333 ordinary shares (10.06%) to 27,704,762 ordinary shares (8.66%)

Offer under the prospectus dated 10 January 2005 closed over-subscribed. 

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

Proposed code: ZBBIssue price: $0.50Principal activities: Develops and manufactures distributed energy storage solutions.

Oxus Gold Plc became a substantial shareholder with a relevant interest of 30,000,000 ordinary shares ( 17.2%)

Cleveland Cliffs Australia P.L. increased its relevant interest from 3,476,153 ordinary shares (1.9786%) to 3,656,449 ordinary shares (2.0812%)

Perpetual Trustees Australia Ltd decreased its relevant interest from 22,267,632 ordinary shares (9.56%) to 19,643,799 ordinary shares (8.43%)

Advise that 146,00 ordinary shares will be released from escrow on 12 March 2005

Is to acquire The Gnamma Dam Nickel Project comprising 14 granted prospecting licences located 26kms east of Kalgoorlie

Has issued 4.95 million shares at $0.50 to vendors of Asia Iron Holdings Ltd for 9,000,000 shares in AIHL increasing MGX's holding from 54% to 61%.

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.

Austrade Australian Business Centre executive director (Taipei) Jeff Turner, Austrade market development specialist China Anne Cao, Austrade senior trade commissioner (Beijing) Ky

AMP Ltd ceased to be a substantial shareholder.

John Arthur Owens became a substantial shareholder with a relevant interest of 62,242,059 ordinary shares ( 5.1576%)

Integrated Tree Cropping offer extended to 27 May 2005.

Consulting and Technology firm Change Corporation has recently appointed Rob Evans as Managing Director. Mr Evans joined the board in 2003 as practice director.

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