CHALICE MINING LIMITED — Major Shareholding Notification 2019

Oct 9, 2019

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To: Company Name/Scheme Spectrum Metals Limited ACN 115 770 226 1. Details of substantial holder (1) Name Chalice Gold Mines Limited ACN/ARSN (if applicable) 116 648 956 There was a change in the interests of the substantial holders on 8/10/2019 The previous notice was given to the company on 2/8/2019 The previous notice was dated 2/8/2019 2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows: Class of securities (4) Previous notice Present notice Person’s votes Voting power(5) Person’s votes Voting power(5)	Spectrum Metals Limited
	115 770 226
	116 648 956

Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
OrdinaryShares	71,903,182	5.21%	97,148,016	7.01%

3. Change in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
7/10/2019	Chalice Gold Mines Limited	On-market purchases	$466,829	5,823,265 ordinary shares	5,823,265
8/10/2019	Chalice Gold Mines Limited	On-market purchases	$1,093,877	11,380,797 ordinaryshares	11,380,797
9/10/2019	Chalice Gold Mines Limited	On-market purchases	$781,861	7,646,043 ordinary shares	7,646,043
10/10/2019	Chalice Gold Mines Limited	On-market purchases	$41,447	394,729 ordinary shares	394,729

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder(8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Chalice Gold Mines Limited	Chalice Gold Mines Limited	Chalice Gold Mines Limited	Relevant interest under s608(1) of the_Corporations_ Act 2001	97,148,016 ordinary shares	97,148,016

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Not Applicable	Not Applicable

6. Addresses

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

Name	Address
Chalice Gold Mines Limited	Level 2, 1292 HayStreet, West Perth, WA 6005

Signature

	print name Jamie Armes capacity CompanySecretary
	sign here date 10 Oct 2019
	DIRECTIONS
(1)	If there are a number of substantial holders with similar or related relevant issues (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 6 of 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 person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.
(6)	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.
(7)	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.
(8)	If the substantial holder in unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write
	“unknown”.
(9)	Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.