The Takeovers Panel advises that it has today published the reasons for the Review Panel's decision to dismiss the application for the review of a number of decisions made by the sitting Panel in the matter of Taipan Resources NL (No. 10). That matter arose from an application brought by Troy Resources NL on 27 February 2001, which concerned a takeover bid by St Barbara Mines for all of the shares in Taipan Resources. The application for review was made by Troy on 30 March and 3 April 2001. Troy had also made a bid for Taipan.