DART MINING NL — Regulatory Filings 2020

May 19, 2020

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Dart Mining NL
ACN/ARSN	119604880
1. Details of substantial holder(1)
Name	Mr P.A.K. Naylor
ACN/ARSN (if applicable)
There was a change in the interests of the substantial holder on		15/5/20
The previous notice was given to the company on		5/7/18
The previous notice was dated		5/7/18

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)
ORD	112.712.378	15.4%	7.635.621	12.1%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of 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 are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration diven in relation to change (7)	Class and number of securities affected	Person's votes affected
5/12/19	Kalan Seven Pty Ltd	20 for 1 Capital reconstruction	N/A	-79,313,348 ORD	N/A
5/12/19	P.A.K. Naylor	20 for 1 Capital reconstruction	N/A	$-3,293,334$ ORD	N/A
5/12/19	Bendigo Wine Estate	20 for 1 Capital reconstruction	N/A	$-3,800,000$ ORD	N/A
5/12/19	Yulang Pty Ltd	20 for 1 Capital reconstruction	N/A	$-2.533.333$ ORD	N/A
5/12/19	Callahorn Super Fund	20 for 1 Capital reconstruction	N/A	-18,136,742 ORD	N/A
31/1/20	Callahorn Super Fund	Placement	\$100,000	1,000,000 ORD	1,000,000
15/4/20	Callahorn Super Fund	Placement	\$50,000	1,000,000 ORD	1,000,000

4. Present relevant interests

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

Holder of Irelevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of elevant $ $ interest $(6)$	Class and number of securities	Person's votes
Callahorn Superfund	Mr P Naylor & Mrs A Naylor ATF Callahorn Superfund	Mr P Naylor & Mrs A Naylor ATF Callahorn Superfund	Controls registered holder	2,954,566 ORD	2,954,566
Mr P.A.K. Naylor	Mr P.A.K. Navlor	Mr P.A.K. Naylor	Direct	173,334 ORD	173,334
Kalan Seven Pty Ltd	Kalan Seven Pty Ltd	Kalan Seven Pty Ltd	Controls registered holder	4,174,387 ORD	4,174,387
Bendigo Wine Estate	P.A.K. Naylor & R.J. Shaw	P.A.K. Naylor & R.J. Shaw	Controls registered holder	200,000 ORD	200,000
Yulang Pty Ltd	Yulang Pty Ltd	Yulang Pty Ltd	Controls registered holder	133,334 ORD	133,334

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
N/A

6. Addresses

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

Name	Address
Mr P.A.K. Naylor	Level 29, 101 Collins Street Melbourne VIC 3000

capacity

date $\hat{A}$

Signature

print name sign here

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 6 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$

$A.K. N A$

• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• $(6)$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, $(a)$ 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
• 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 $(b)$ 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.

Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, $(7)$ 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.

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

$(9)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.