AUY Yamana Gold Inc.

RNS Number:6569P
AuIron Energy Ld
8 January 2002



        1)     Name of company

        AuIron Energy Limited

        2)     Name of director

        ROBIN HAMILTON CHAMBERS

        3)     Please state whether notification indicates that it is in
        respect of holding of the shareholder named in 2 above or in respect
        of a non-beneficial interest or in the case of an individual holder if
        it is a holding of that person's spouse or children under the age of
        18 or in respect of a non-beneficial interest





        4)     Name of the registered holder(s) and, if more than one holder,
        the number of shares held by each of them (if notified)





        5)     Please state whether notification relates to a person(s)
        connected with the Director named in 2 above and identify the
        connected person(s)





        6)     Please state the nature of the transaction. For PEP
        transactions please indicate whether general/single co PEP and if
        discretionary/non discretionary





        7)     Number of shares/amount of stock acquired





        8)     Percentage of issued class





        9)     Number of shares/amount of stock disposed





        10)     Percentage of issued class





        11)     Class of security





        12)     Price per share





        13)     Date of transaction





        14)     Date company informed





        15)     Total holding following this notification





        16)     Total percentage holding of issued class following this
        notification





        If a director has been granted options by the company please complete
        the following boxes

        17)     Date of grant

        7 DECEMBER 2001

        18)     Period during which or date on which exercisable

        EXPIRY DATE - 7 DECEMBER 2008

        19)     Total amount paid (if any) for grant of the option

        NIL

        20)     Description of shares or debentures involved: class, number

        100,000 OPTIONS ON ORDINARY SHARES

        21)     Exercise price (if fixed at time of grant) or indication that
        price is to be fixed at time of exercise

        A $0.52

        22)     Total number of shares or debentures over which options held
        following this notification

        250,000

        23)     Any additional information



        24)     Name of contact and telephone number for queries

        NAME:          JOE FONTANA

        TELEPHONE:     61 2 9357 2044

        EMAIL:          jfontana@auironenergy.com.au

        25)     Name and signature of authorised company official responsible
        for making this notification

        NAME:          JOE FONTANA

        POSITION:     COMPANY SECRETARY & CHIEF FINANCIAL OFFICER



        Date of Notification:     7 JANUARY 2002

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