These shares have no par value and are fully paid ordinary shares. Ordinary shares entitle the holder to participate in  dividends and the proceeds on winding up of the Company in proportion to the number of and amounts paid on the shares  held. On a show of hands every holder of ordinary shares present at a meeting in person or by proxy, is entitled to one vote,  and upon a poll each share is entitled to one vote. Movements in Ordinary Share Capital Consolidated Company 30 June 2004 $’000 30 June 2003 $’000 30 June 2004 $’000 30 June 2003 $’000 18. CONTRIBUTED EQUITY Ordinary Share Capital Issued and paid up 139,400 127,534 139,400 127,534 Date Details Notes Number of  shares Issue price $’000 30 June 02 Opening Balance 319,758,267 118,213 15 July 02 Share issue  (1) 1,210,052 $0.2037 246 15 July 02 Share issue (1) 196,562 $0.2263 44 15 July 02 Share issue (2) 1,846,628 $0.2143 396 21 Aug 02 Placement (2) 34,333,332 $0.1650 5,665 Share issue expenses - - (993) 17 Oct 02 Share issue (3) 280,140 $0.1973 55 2 Dec 02 Share issue (1) 1,562,000 $0.0960 150 31 Dec 02 Share issue (1) 1,067,616 $0.0843 90 31 Dec 02 Share issue (1) 4,261,200 $0.1021 435 31 Dec 02 Share issue (1) 437,006 $0.1136 50 31 Jan 03 Share issue (4) 15,000,000 $0.1100 1,650 Share issue expenses - - (83) 17 Feb 03 Share issue (5) 5,600,000 $0.1100 616 14 Mar 03 Correction 500 - - 26 June 03 Share issue (6) 15,000,000 - - 26 June 03 Share issue (7) 15,000,000 $0.0667 1,000 30 June 03 Balance 415,553,303 127,534 7 July 03 Share issue (8) 15,910,922 $0.0374 595 22 Sept 03 Share issue (9) 12,000,000 $0.0800 960 Share issue expenses (144) 28 Nov 03 Share issue (10) 95,684,932 $0.0800 7,655 5 Dec 03 Share issue (11) 35,000,000 $0.0800 2,800 30 June 04 Closing Balance 574,149,157 139,400 (1) Share issue to RCF for Facility interest and fees. (2) Placement to raise working capital. (3) Share issue in accordance with an agreement with Grimwood Davies Pty Ltd for conducting a drilling programme in the  Meekatharra area. (4) Placement to raise working capital. (5) Share issue on  fi  nalisation of Paulsens Native Title agreement. (6) Share issue on part conversion of convertible note – see Note 17 (4). (7) Placement to raise working capital. (8) Share issue to RCF for facility interest. (9) Placement to raise working capital. (10) Share issue to RCF for corporate debt and interest. (11) Share issue on conversion of unsecured convertible notes. 47