Aztec Resources Limited 02 - Panel Publishes Reasons

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The Takeovers Panel (Panel) has today published the reasons for its decision in relation to an application dated 14 September 2006 from Mount Gibson Iron Limited in relation to its off-market takeover bid for all the ordinary shares in Aztec Resources Limited (see TP06/88).

Details of the Panel's decision to consent to the withdrawal of the application were announced on 26 September 2006 in Panel media release TP06/94.

The sitting Panel which considered the application was Brett Heading, Peter Mason AM and Alice McCleary (sitting President).

Nigel Morris
Director, Takeovers Panel
Level 47, 80 Collins Street
Melbourne VIC 3000
Ph: +61 3 9655 3501