ACCELERATE RESOURCES LIMITED — Major Shareholding Notification 2018

Dec 10, 2018

Form 603 Corporations Act 2001 Section 671B

Notice of initial substantial holder

ToCompany Name/SchemeAccelerate Resources Ltd(Company)ACN/ARSN617 821 7711. Details of substantial holder (1)NameAccelerate Resources LtdACN/ARSN (if applicable)617 821 771The holder became a substantial holder on10/12/182. Details of voting powerThe total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) hada relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:Class of securities(4)Number of securitiesPerson’s votes (5)Voting power (6)Fullypaidordinaryshares (Shares)5,369,9425,369,94211.27%3. Details of relevant interestsThe nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became asubstantial holder are as follows:Holder of relevant interestNature of relevant interest(7)Class and number of securities	Accelerate Resources Ltd(Company)	Accelerate Resources Ltd(Company)
	617 821 771
	Accelerate Resources Ltd
	617 821 771

er are as follows:
Holder of relevant interest	Nature of relevant interest(7)	Class and number of securities
GTT Global Opportunities Pty Ltd	Relevant interests undersection 608(1)(a) of theCorporations Act as the holders ofthe Shares.	1,384,192 Shares
Mounts Bay Investments Pty Ltd		1,325,000 Shares
Syracuse Capital Pty Ltd		1,335,750 Shares
Murdoch Capital Pty Ltd		475,000 Shares
Kcirtap Securities Pty Ltd		850,000 Shares
Accelerate Resources Ltd	Relevant interest in the Shares heldby each of the above entities undersections 608(1)(b) and (c) of theCorporations Act, as the Companyhas the power to control theexercise of a right to vote attachedto the Shares and to control theexercise of a power to dispose of theShares.	5,369,942 Shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder (8)	Class and numberof securities
Accelerate Resources LtdGTT Global OpportunitiesPty Ltd	GTT Global OpportunitiesPty Ltd	GTT Global OpportunitiesPty Ltd	1,384,192 Shares
Accelerate Resources LtdMounts Bay InvestmentsPty Ltd	Mounts Bay InvestmentsPty Ltd	Mounts Bay InvestmentsPty Ltd	1,325,000 Shares
Accelerate Resources LtdSyracuse Capital Pty Ltd	Syracuse Capital Pty Ltd	Syracuse Capital Pty Ltd	1,335,750 Shares

Accelerate Resources LtdMurdoch Capital Pty Ltd	Murdoch Capital Pty Ltd	Murdoch Capital Pty Ltd	475,000 Shares
Accelerate Resources LtdKcirtap Securities Pty Ltd	Kcirtap Securities Pty Ltd	Kcirtap Securities Pty Ltd	850,000 Shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

antial holder is as follows:
Holder of relevantinterest	Date of acquisition	Consideration (9)CashNon-cash	Class and number ofsecurities
Accelerate Resources Ltd	10/12/18	Nil	5,369,942 Shares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (ifapplicable)	Nature of association
GTT Global Opportunities Pty Ltd
ACN 615 567 096
Mounts Bay Investments Pty Ltd
ACN 139 974 495Syracuse Capital Pty LtdACN 121 880 439Murdoch Capital Pty Ltd	Associates under section 12(2)(b) of the Corporations Act, being parties to arelevant agreement for the purpose of controlling or influencing the compositionof the Company's board or the conduct of the Company's affairs.
ACN 123 029 925
Kcirtap Securities Pty Ltd
ACN 123 944 089

7. Addresses

The addresses of persons named in this form are as follows:

ss	ofpersons named in th	is form are as f	ollows:	ollows:
	Name			Add	ress
	Accelerate Resource	s Ltd		Unit 1, 16	Ord St, West	Perth WA 600	5
	GTT Global Opportu	nities PtyLtd		Unit 6, 16	Main Street, O	sborne Park	WA 6017
	Mounts BayInvestments PtyLtd			3 Calver Place, CityBeach WA 6015
	Syracuse Capital PtyLtd			Unit 6, 16 Main Street, Osborne Park WA 6017
	Murdoch Capital PtyLtd			Unit 6, 16 Main Street, Osborne Park WA 6017
	KcirtapSecurities PtyLtd			Unit 6, 16 Main Street, Osborne Park WA 6017

Signature

print namesign here	Brett Tucker, for and on behalf of the CompanycapacityCompany Secretary
	date11/12/18