Corporate Information

DIRECTORY

DIRECTORS
Raymond J Soper
Robert L Richardson
Richard G Tweedie
Robert J Waring

SECRETARY
Robert J Waring

REGISTERED AND ADMINISTRATION OFFICE
Level 1, 80 Chandos Street, St Leonards NSW 2065

PO Box 956, Crows Nest NSW 1585 Australia
Telephone: (02) 9906 5220 Facsimile: (02) 9906 5233

SHARE REGISTRY
Computershare Investor Services Pty Limited, ABN 48 078 279 277
Level 2, 45 St Georges Terrace, Perth, WA, 6000
GPO Box D182, Perth, WA, 6840
Telephone: 1300 557 010 (within Australia), +61 8 9323 2000 (outside Australia)
Facsimile: +61 8 9323 2033

AUDITORS
Ernst & Young

BANKERS
Commonwealth Bank of Australia

STOCK EXCHANGE LISTING
Listed on Australian Stock Exchange Limited, ASX Code: PTS

SHARE CAPITAL
At 31 March 2004 there were 59,969,022 fully paid ordinary shares, 450,000 partly paid ordinary shares. In addition the Company had 3,460,000 options under the Employee Share Option Scheme.

GOVERNANCE

The Board of directors of PlatSearch NL is responsible for corporate governance and strives for high standards in this regard. The Board monitors the business and affairs of PlatSearch on behalf of the shareholders by whom they are elected and to whom they are accountable. The Board draws on relevant best practice principles particularly those issued by the ASX Corporate Governance Council in March 2003. At its September 2004 meeting the Board examined the PlatSearch corporate governance practices and the progress towards a review of its practice compared to the best practice principles proposed by the ASX Corporate Governance Council. While PlatSearch will attempt to adhere to the principles proposed by ASX, it is mindful that there may be some instances where compliance is not practicable for a company of PlatSearch's size.

There is an audit committee of the Board of directors (refer to page 33). The audit committee reports to the Board after each committee meeting. In conjunction with the full Board, the committee reviews the performance of the external auditors (including scope and quality of the audit). There being four directors of the Company, all other matters to be dealt with are considered by the full Board of directors.

The following formalises the main corporate governance practices established to ensure the Board is well equipped to discharge its responsibilities.

Composition of the Board

The composition of the Board shall be determined in accordance with the following principles and guidelines:

i) The Board shall comprise at least three directors, increasing where additional expertise is considered desirable in certain areas.

ii) The Board shall not comprise a majority of Executive Directors and the Chairman shall be a Non-Executive Director. The Board is presently comprised of four directors, three of whom are Non-Executive Directors.

iii) Directors shall possess a broad mix of qualifications, skills and experience.

The Board reviews its composition on an annual basis to ensure that the Board has the appropriate mix of expertise and experience. Where a vacancy exists, or where it is considered that the Board would benefit from the services of a new director with particular skills, the Board will select appropriate candidates with relevant qualifications, skills and experience. The performance of all directors will be reviewed and discussed by the Board each year. Directors whose performance is unsatisfactory will be asked to retire.

Remuneration and Independent Professional Advice

During its annual budget review, the Board reviews the remuneration packages and policies applicable to the Executive Directors, executives and Non-Executive Directors. Remuneration levels, including participation in the Company’s Share Option Scheme, are set to provide reasonable compensation in line with the Company’s limited financial resources.

Each director will have the right to seek independent professional advice at the Company’s expense. However, prior approval by the Chairman will be required, which will not be unreasonably withheld.

Business Risk

The Board will monitor and receive advice on areas of operational and financial risk and consider strategies for appropriate risk management arrangements. Specific areas of risk have been identified and are regularly considered at Board Meetings. They include funding of and performance of exploration activities, human resources, progress with joint ventures, relationships with government and landowners, the effect of any Native Title claims on exploration work, the environment and continuous disclosure obligations.

Ethical Standards

The Board’s policy is for the Directors and management to conduct themselves with the highest ethical standards. All directors and employees will be expected to act with integrity and objectivity, striving at all times to enhance the reputation and performance of the Company.

Securities Trading and Trading Windows

Directors, employees and key consultants must consult with the Chairman of the Board or the Managing Director before dealing in shares of the Company. Purchases or sales in the Company’s shares by directors, employees and key consultants may not be carried out other than in the "window", being the period commencing two days and ending 30 days following the date of announcement of the Company’s annual or half yearly results or a major announcement leading, in the opinion of the Board, to an informed market. However, directors, employees and key consultants are prohibited from buying or selling PlatSearch shares at any time if they are aware of price sensitive information that has not been made public.

SHAREHOLDER INFORMATION

Top 20 Shareholders of Ordinary Shares as at 31 March 2006	Shares	% Shares Issued
Viking Investments Limited	8,373,201	11.83
Mr Chris Carr and Mrs Betsy Carr	3,000,000	4.24
Warman Investments Pty Ltd	2,334,857	3.30
Whistler Limited	1,702,060	2.41
Mr Robert Lewis Richardson and Ms Suzanne Brint	1,686,020	2.38
Panstyn Investments Pty Ltd	1,641,430	2.32
Ipseity Pty Limited	1,508,931	2.13
Mr Phillip Clive Hardcastle	1,140,200	1.61
Howard-Smith Investments Pty Ltd	1,116,021	1.58
Mr Michael Anthony Parnell	750,000	1.06
Huntley Family Holdings Pty Ltd	678,417	0.96
Mr Barry John Wishart	604,100	0.85
Wimtone Pty Ltd	600,000	0.85
Mr Rhys Williams	536,750	0.76
Mr Giovanni Fragomeni	536,296	0.76
Mr Bruce Samuel Harris Rosenberg	507,000	0.72
Kimbriki Nominees Pty Ltd	500,000	0.71
Nefco Nominees Pty Ltd	475,000	0.67
Technica Pty Ltd	471,430	0.67
Total of top 20 holdings	28,774,007	40.68
Other holdings	41,994,052	59.32
Total fully paid shares issued	70,768,059	100.00

DIRECTORY

Top 20 Shareholders of Ordinary Shares as at 31 March 2006