CASSIUS MINING LIMITED — Major Shareholding Notification 2012

Sep 24, 2012

Form 605 Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

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To Gulf Industrials Limited (ASX code: GLF) ACN 13 115 027 033

Details of substantial holder

Name Contango Asset Management Limited ABN 52 085 487 421

The holder ceased being a substantial holder on 24/09/2012 The previous notice was given to the company on 24/08/2012 The previous notice was dated 24/08/2012

2. Details of voting power

**Date of change **	Holder and nature of Relevant Interest	**Nature of Change **	Consideration
27-Aug-12	Contango Asset Management Limited as investmentmanager of discretionaryclient accounts	On market sale of 148,642Ordinaryshares	$1,189
04-Sep-12	Contango Asset Management Limited as investmentmanager of discretionaryclient accounts	On market sale of 300,000Ordinaryshares	$2,400
12-Sep-12	Contango Asset Management Limited as investmentmanager of discretionaryclient accounts	On market sale of 128,020Ordinaryshares	$1,024
13-Sep-12	Contango Asset Management Limited as investmentmanager of discretionaryclient accounts	On market sale of 200,000Ordinaryshares	$1,600
18-Sep-12	Contango Asset Management Limited as investmentmanager of discretionaryclient accounts	On market sale of 1,807,785Ordinaryshares	$9,220
24-Sep-12	Contango Asset Management Limited as investmentmanager of discretionaryclient accounts	On market sale of 57,803,485Ordinaryshares	$75,145

3. Changes in association

Not applicable

4. Addresses

The addresses of persons named in this form.

Name	Address
ContangoAssetManagementLimited	Level 27, 35 Collins Street,MELBOURNE VIC 3000

Signature

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Name: Glenn Fowles Capacity: Company Secretary Date: 25/09/2012