ALBRIGHT METALS LTD — Major Shareholding Notification 2017

Nov 2, 2017

FORM 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To: Bryah Resources Limited ACN: 616 795 245

1. Details of substantial holder

Name: Australian Vanadium Limited ACN: 116 221 740

The holder became a substantial holder on: 12 October 2017

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 had a relevant interest in on the date the substantial holder became a substantial holder are as follows:

holder are as follows:
Class of securities	Number of securities	Person’s votes	Voting power
Fully paid ordinary shares	7,500,000	7,500,000	13.39%

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:

Holder of relevant interest	Nature of relevant interest	Class and number of securities
Australian Vanadium Ltd	Relevant interest pursuant to section 608(1) of Corporations Act	7,500,000 fully paid ordinary 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 relevant interest	Registered holder of securities	Person entitled to be registered as holder	Class and number of securities
Australian Vanadium Ltd	Australian Vanadium Ltd	Australian Vanadium Ltd	7,500,000 fully paid ordinary 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 shareholder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration	Consideration	Class and number of securities
		Cash	Non-cash
Australian Vanadium Ltd	9 February 2017		Vendor consideration for acquisition of exploration licence	2,000,000 fully paid ordinary shares
Australian Vanadium Ltd	12 October 2017		Vendor consideration for acquisition of mineral rights	3,000,000 fully paid ordinary shares
Australian Vanadium Ltd	12 October 2017	$500,000		2,500,000 fully paid ordinary shares

6. Associates

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

Name and ACN (if applicable)	Nature of association
N/A

7. Addresses

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

The addresses of persons named in this form are as follows:
Name	Address
Australian Vanadium Ltd	Level 1, 85 Havelock Street, West Perth, WA

Signature

Print name: Neville Bassett

Capacity: Company Secretary

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Sign here:

Date: 2 November 2017