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## (b) Movements in carrying value of the Consolidated Entity's investment in associates 

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## (c) Fair Value of investment in listed entities 

Based on the quoted share price the fair value of the Consolidated Entity's share investment in Westgold Resources Limited at balance date is $22,801,822 (2010: $21,874,691). 

Based on the quoted share price the fair value of the Consolidated Entity's share investment in Aragon Resources Limited at balance date is nil (2010: $3,355,753). 

## (d) Summarised financial information 

The following table illustrates summarised financial information relating to the Consolidated Entity's associates: 

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The Company has a 25.02% (2010: 31.99%) interest in Westgold Resources Limited (“Westgold”), which is involved in the exploration for base metals in the Northern Territory. Westgold is listed on the Australian Securities Exchange. At the end of the period the Company’s investment was $22,801,822 (2010: $19,170,160) which represents cost plus post-acquisition changes in the Company's share of net assets of Westgold. 

During the period Westgold completed a takeover of Aragon Resources Limited ("Aragon"). As a result of the takeover the Consolidated Entity sold its 8.70% (2010: 8.72%) interest in Aragon to Westgold. The Consolidated entity recognised a profit on the sale of the Aragon shares to Westgold of $196,199. 

