AERIS RESOURCES LIMITED — Major Shareholding Notification 2021

Jan 14, 2021

603 page 1/3 15 July 2001

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme GBM Resources Limited

ACN/ARSN 124 752 745

1. Details of substantial holder (1)

Name Straits Mineral Investments Pty Ltd a wholly owned subsidiary of Aeris Resources Limited ACN/ARSN (if applicable) 124 028 271

The holder became a substantial holder on 13 01 2021 / /

2. Details of voting power

The 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) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities(4)	Number of securities	Person's votes(5)	Voting power(6)
Ordinary Fully Paid Shares (ORD)	22,222,222	22,222,222	5.22%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

der are as follows:
Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Straits Mineral Investments Pty Ltd	Holder	ORD 22,222,222

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph3 above are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to be registeredas holder (8)	Class and numberof securities
Straits Mineral Investments Pty Ltd	Straits Mineral Investments Pty Ltd	N/A	ORD 22,222,222

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:

Holder of relevantinterest	Date of acquisition	Consideration (9)	Consideration (9)	Class and numberof securities
		Cash	Non-cash
Straits Mineral Investments Pty Ltd	13 January 2021		Asset	ORD 22,222,222

603 page 2/3 15 July 2001

6. Associates

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

Name and ACN/ARSN (if applicable) Nature of association N/A Name Address Straits Mineral Investments Pty Ltd HQ South Tower Suite 22 Level 2 520 Wickham street Fortitude Valley QLD 4006

7. Addresses

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

Signature

Dane Van Heerden print name capacity Company Secretary sign here date 15 / 01 / 2021

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

• (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (7) Include details of:

  • (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

  • (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

• (9) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency.. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

603 page 3/3 15 July 2001

This is Annexure A of one page referred to in Form 603 – Notice of initial substantial holder dated 15 January 2021 and signed by me

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Dane van Heerden Co Company Secretary Aeris Resources Limited

Aeris Subsidiaries

ACN

Straits Mining Limited 055 202 614 Tritton Resources Pty Ltd 100 095 494 Straits Mineral Investment Pty Ltd 124 028 271 Straits Exploration (Australia) Pty Ltd 061 614 695 Straits Mine Management Pty Ltd 083 686 033 Templar Resources Pty Ltd 085 644 944 Aeris Regional Holdings Pty Ltd 632 279 344 Lion Mining Limited Pty Ltd 000 697 183

The above companies are all subsidiaries of Aeris Resources Limited (ACN 147 131 977) pursuant to section 9 of the Corporations Act.