| Name of entity: AUSTRALIAN MINES LIMITED |
| ABN: 68 073 914 191 |
| Name of Director | Mick Elias |
| Date of last notice | 1 July 2005 |
| Direct or indirect interest | Direct |
|
Nature of indirect interest (including registered holder) |
|
| Date of change | 28th July 2005 |
|
No. of securities held prior to change |
Nil |
| Class | Fully Paid Ordinary Shares |
| Number acquired |
1,000,000 |
| Number disposed |
N/A |
| Value/Consideration | $10,000 |
|
No. of securities held after change |
1,000,000 |
| Nature of change | 2 for 1 entitlement issue at $0.01 per share |
| Detail of contract | N/A |
| Nature of interest | |
| Name of registered holder (if issued securities) | |
| Date of change | |
|
No. and class of securities to which interest related prior to change |
|
| Interest acquired | |
| Interest disposed | |
|
Value/Consideration |
|
| Interest after change |