2 by DTA. There are no ternary phases stable at ambient pressure. Presently measured transformation temperatures have been combined with existing oxygen activity measurements in the metal liquid to optimize thermodynamic parameters describing the liquid phase. The resulting fit is excellent. EDX measurements of the composition in the oxide liquid have a rather low precision but confirm the thermodynamic optimization. However, some uncertainties remain concerning the liquid composition at the eutectic transformation and the shape of the miscibility gap at higher temperatures.