Palmary Increase Shareholding

RNS Number:2408K
Consolidated Minerals Limited
19 December 2007



19 December 2007


Consolidated Minerals Limited (ASX:CSM, AIM:CNM, FSE:CMN) advises that Palmary
Enterprises (Australia) Pty Limited ("Palmary") has lodged a notice of change of
interests of substantial holder.

The notice discloses that Palmary has a 61.77% (up from 49.74%) shareholding in
Consolidated Minerals, represented by 153,433,341 fully paid ordinary shares.
The additional shares were acquired upon acceptances of Palmary's takeover offer
and via on-market purchases.

A copy of the Palmary announcement is available on the ASX website
www.asx.com.au


John Abbott
Company Secretary


The Company's nominated adviser is RFC Corporate Finance Ltd - contact 
Stephen Allen +61 8 9480 2507.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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