RNS Number:9769I
Consolidated Minerals Limited
03 December 2007





Attached is a Corporations Act Form 603 - Notice of initial substantial
shareholder from Consolidated Minerals Limited as a result of acquisition by its
wholly-owned subsidiary Titan Resources Limited of shares in Trajan Minerals
Limited resulting from Trajan's acquisition of Pacific Ore plc


                                                     Form 603



                                               Corporations Act 2001

                                                   Section 671B



                                       Notice of initial substantial holder






To  Company Name/Scheme     TRAJAN MINERALS LTD


ACN/ARSN                    123 867 765


1.  Details of substantial holder (1)
Name                        CONSOLIDATED MINERALS LIMITED (CSM) / TITAN RESOURCES LIMITED (TIR)
ACN / ARSN (if applicable)  000 727 926 / 007 247 154


The holder became a substantial holder on           30   /   11   /  2007 .




2.  Details of voting power
The total number of votes attached to all the voting shares in the company or voting interests in the scheme that
the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became
a substantial holder are as follows:


              Class of          Number of         Persons' votes (5)       Voting power (6)
           securities (4)      securities
         Ordinary           12,468,750        12,468,750                 16.16%



3.   Details of relevant interests
The nature of the relevant interest the substantial holder or an associate had in the following voting securities
on the date the substantial holder became a substantial holder are as follows:


            Holder of relevant     Nature of relevant interest (7)     Class and number of
                 interest                                                  securities
         Titan Resources Limited   As registered and beneficial        12,468,750 ordinary
                                   owner (Section 608(1)(a) of the           shares
                                   Corporations Act)
         Consolidated Minerals     TIR is a wholly owned subsidiary    12,468,750 ordinary
         Limited                   of CSM (Section 608 (3) of the            shares
                                   Corporations Act)


4.  Details of present registered holders
The persons registered as holders of the securities referred to in paragraph 3 above are as follows:


         Holder of relevant Registered holder  Person entitled to be     Class and number of
         interest           of securities      registered as holder (8)  securities
         Titan Resources    Titan Resources    Titan Resources Limited   12,468,750 ordinary
         Limited            Limited                                      shares



5.  Consideration
The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months
prior to the day that the substantial holder became a substantial holder is as follows:


         Holder of relevant Date of           Consideration (9)          Class and number of
         interest           acquisition                                  securities
                                              Cash       Non-cash
         Titan Resources                                 12,468,750      12,468,750 ordinary
         Limited                                         ordinary shares shares
                            30/11/2007                   in Pacific Ore
                                                         plc








6.  Associates
The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:


         Name and ACN/ARSN (if applicable)       Nature of association
         TIR                                     Registered holder (Section 608(1)(a) of the
                                                 Corporations Act)
         CSM                                     TIR is a wholly owned subsidiary of CSM
                                                 (Section 608(3) of the Corporations Act)



7.  Addresses
The addresses of persons named in this form are as follows:


         Name                                 Address
         Consolidated Minerals Limited and    28 Ventnor Avenue
         its associates
                                              WEST PERTH  WA  6005


Signature



                print name
        
                John Abbott                               Capacity Secretary


                 sign here                                date   3/12/2007






                                                    DIRECTIONS



(1)      If there are a number of substantial holders with similar or related relevant interests (eg. a
corporation and its related corporations, or the manager and trustee of an equity trust), the names could be
included in an annexure to the form.  If the relevant interests of a group of persons are essentially similar,
they may be referred to throughout the form as a specifically named group if the membership of each group, with
the names and addresses of members is clearly set out in paragraph 7 of the form.



(2)      See the definition of "associate" in section 9 of the Corporations Act 2001.



(3)      See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations A.



(4)      The voting shares of a company constitute one class unless divided into separate classes.



(5)      The total number of votes attached to all the voting shares in the company or voting interests in the
scheme (if any) that the person or an associate has a relevant interest in.



(6)      The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.



(7)     Include details of:


     (a)  any relevant agreement or other circumstances by which the relevant interest was acquired.  If
          subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and
          a statement by the person giving full and accurate details of any contract, scheme or arrangement, must
          accompany this form, together with a written statement certifying this contract, scheme or arrangement;
          and


     (b)  any qualification of the power of a person to exercise, control the exercise of, or influence the
          exercise of, the voting powers or disposal of the securities to which the relevant interest relates
          (indicating clearly the particular securities to which the qualification applies).


     See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.


(8)      If the substantial holder is unable to determine the identity of the person (eg. If the relevant interest
arises because of an option) write "unknown".



(9)      Details of the consideration must include any and all benefits, money and other, that any person from
whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition.
Details must be included even if the benefit is conditional on the happening or not of a contingency.  Details
must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the
acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.




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            The company news service from the London Stock Exchange
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