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ORA BANDA MINING LTD Director's Dealing 2005

Dec 27, 2005

65475_rns_2005-12-27_72fdca4e-c2c6-454f-8295-4f21d56a9db3.pdf

Director's Dealing

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28 Ventnor Avenue, West Perthj Western Australia 6005 Telephone: 61-8 9481 6422 Facsimile: 61-8 9481 6433

28 December 2005

Manager Announcements Company Announcements Office Australian Stock Exchange Limited Level 4 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

APPENDIX 3Y NOTICE

In accordance with ASX Listing Rule 3.19A.2, please find enclosed an Appendix 3Y notice on behalf of Mr Michael Kiernan.

Yours faithfully

Frank Campagna Company Secretary

Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity: Monarch Resources Limited
ABN: 69 100 038 266

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director: Michael Laurence Kiernan
Date of last notice: 24 June 2005

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Direct or indirect interest Direct and indirect
Nature of indirect interest
(including registered holder)
Note: Provide details of the
circumstances giving rise to the relevant
interest
Michael Laurence Kiernan
Crawley Investments Pty Ltd – financial interest
Date of change 28 December 2005
Number of securities
held prior to change
14,780,002 ordinary fully paid shares
3,515,001 listed options (31 July 2006)
Class Fully paid shares
Number acquired 2,400,000
Number disposed
Value/consideration
Note: If consideration is non-cash,
provide details and estimated valuation
\$480,000

+ See chapter 19 for defined terms.

Number of securities 17,180,002 ordinary fully paid shares
held after change 1,115,001 listed options (31 July 2006)
Nature of change
Example: on-market trade, off-market
trade, exercise of options, issue of
securities under dividend reinvestment
plan, participation in buy-back
Exercise of options into fully paid shares

Part 2 - Change of director's interests in contracts

Details of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
Number and class of
securities
to which interest related prior
to change
Note: Details are only required for a
contract in relation to which the interest
has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash,
provide details and an estimated
valuation
Interest after change

+ See chapter 19 for defined terms.