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Grange Resources Ltd - 15/01/2007

Has entered into a conditional Heads of Agreement with Coziron Resources Ltd in respect of the Inderapura coal prospect in West Sumatra. In the event that this work is satisfactory then Grange has agreed to enter into a Joint Venture to spend $1,000,000 over a period of 18 months to earn a 50% interest in KW05191BBI and KW05192BBT.

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