EMERALD RESOURCES NL — Major Shareholding Notification 2022

Mar 21, 2022

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Ellerston Capital Limited ABN 34 110 397 674 AFSL No. 283 000

Level 11, 179 Elizabeth Street Sydney NSW 2000 Phone +612 9021 7797 Fax +612 9261 0528 www.ellerstoncapital.com

TO: The Manager, Company Announcements, ASX

FAX No:

FROM: Ellerston Capital Limited

DATE: 22/03/2022

NO. OF PAGES (Including this page) 5

Dear Manager

RE:

EMERALD RESOURCES NL - Form 605

We attach our notice of ceasing to be a substantial holder (Form 605) in respect of EMERALD RESOURCES NL.

We note that the shares reported in this Form are owned by third party accounts under the discretionary investment management of Ellerston Capital Limited.

None of Ellerston Capital Limited, nor any of its shareholders or any of their associates hold a direct interest in any shares disclosed in this Form.

Yours sincerely,

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Ian Kelly Company Secretary Ellerston Capital Limited

Form 605 Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

	Notice of ceasing to be a substantial holder
To Company Name/Scheme	EMERALD RESOURCES NL
ACN/ARSN/ARBN	ACN 009 795 046

1. Details of substantial holder (1)

The previous notice was given to the company on23/07/202123/07/2021The holder ceased to be a substantial on21/03/2022NameEllerston Capital Limited (Primary Person), and its associates being those persons listed in Annexure BACN/ARSN (if applicable)ACN 110 397 674The previous notice was dated	Ellerston Capital Limited (Primary Person), and its associates being those persons listed in Annexure B	Ellerston Capital Limited (Primary Person), and its associates being those persons listed in Annexure B
	ACN 110 397 674
		23/07/202123/07/202121/03/2022

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 relevantinterest changed	Nature of change(4)	Consideration given inrelation to change (5)	Class (6) andnumber ofsecurities affected	Person's votesaffected
See Annexure A	See Annexure A	See Annexure A	See Annexure A	See Annexure A	See Annexure A

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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

4. Addresses

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

Name	Address
See annexure	The Substantial Shareholder – c/- Level 11, 179Elizabeth Street, Sydney, NSW, 2000
	The entities listed in Annexure A – c/- Level 11, 179Elizabeth Street, Sydney, NSW, 2000
EMERALD RESOURCES NL	1110 Hay St, WEST PERTH, WA, AUSTRALIA, 6005

Signature

print name	Mr Ian Kelly	capacity	Company Secretary
sign here		date	22/03/2022

EMERALD RESOURCES NL ACN 009 795 046

This is Annexure A of 1 pages referred to in Form Form 605 Notice of ceasing to be a substantial holder.

Signature

print name sign here

Ian KellycapacityCompany Secretary	Ian KellycapacityCompany Secretary	Ian KellycapacityCompany Secretary	Ian KellycapacityCompany Secretary	Ian KellycapacityCompany Secretary	Ian KellycapacityCompany Secretary	Ian KellycapacityCompany Secretary	Ian KellycapacityCompany Secretary	Ian KellycapacityCompany Secretary
date22/03/2022
Date of Change		Person whose relevant interestchanged		Consideration give in relation tochange (5)
21/03/2022		PrimaryPerson		$18,413,035.20			-17,536,224 Securities
7/12/2021		PrimaryPerson		$1,442,000.00			1,400,000 Securities
24/09/2021		PrimaryPerson		$25,377.82			29,962 Securities
23/09/2021		PrimaryPerson		$204,713.15			240,839 Securities
21/09/2021		PrimaryPerson		$63,962.39			75,561 Securities
24/08/2021		PrimaryPerson		$25,859.06			32,163 Securities
23/08/2021		PrimaryPerson		$19,328.96			24,119 Securities
20/08/2021		PrimaryPerson		$82,852.80			103,566 Securities
19/08/2021		PrimaryPerson		$119,609.46			147,666 Securities
18/08/2021		PrimaryPerson		$78,688.26			97,146 Securities
12/08/2021		PrimaryPerson		$39,137.58			48,318 Securities
27/07/2021		PrimaryPerson		$30,593.20			34,765 Securities
26/07/2021		PrimaryPerson		$68,059.20			77,340 Securities

EMERALD RESOURCES NL ACN 009 795 046

This is Annexure B of 3 pages referred to in Form Form 605 Notice of ceasing to be a substantial holder.

Signature

nature
print name Ian Kelly	capacity	CompanySecretary
sign here	date	22/03/2022

The following entities represent the Passive Substantial Holders. Each is a related body corporate of the Principal Person or a person that controls a related body corporate of the Principal Person and so an associate of the Primary Person under section 12(2)(a) of the Corporations Act, and therefore a substantial holder in the Company.

PARTY/ENTITY NAME	AUSTRALIANCOMPANY
Bareage PtyLtd	060 526 865
Cairnton Holdings Limited	008 394 134
Cairnton PtyLtd	001 735 075
Castwo Pty Ltd	084 494 520
Cavalane Holdings PtyLtd	080 695 754
Chermon PtyLtd	123 039 305
Conpress Holdings PtyLtd	088 047 974
Conpress Securities PtyLimited	160 602 853
Consolidated Custodians PtyLtd	008 394 492
Consolidated GamingPtyLtd	071 513 409
Consolidated Press(Finance)PtyLtd	001 557 035
Consolidated Press(Finance)II PtyLtd	603 295 834
Consolidated Press(Finance)III PtyLtd	604 881 030
Consolidated Press Financial Services PtyLtd	008 457 869
Consolidated Press Holdings PtyLimited	008 394 509
Consolidated Press Investments PtyLtd	000 089 118
Consolidated Press PropertyPtyLtd	004 160 703
CPH Capital PtyLtd	096 130 899
CPH Crown Holdings PtyLimited	603 296 804
CPH Direct Investments PtyLtd	122 328 652
CPH GamingI PtyLimited	603 295 674
CPH GamingII PtyLimited	603 295 923
CPH GamingIII PtyLimited	603 296 162
CPH GamingIVA PtyLimited	603 296 537
CPH GamingIVB PtyLimited	603 296 546
CPH(Ellerston Leisure)Holdings PtyLimited	608 726 334
CPH S.One Holdings PtyLimited	603 297 927
CPH S.One I PtyLimited	603 297 310
CPH Zhaopin Holdings PtyLimited	603 298 719
CPH Zhaopin Holdings I PtyLimited	603 298 344
CPH Zillow Holdings PtyLimited	603 300 090
CPH Zillow Holdings I PtyLimited	603 299 074
ECS Investment Partners PtyLtd	166 264 375
EC Ventures GP PtyLimited	606 074 864
Ellerston Capital Limited	110 397 674
Ellerston Opportunities PtyLtd	150 851 666
Hoyts Cinemas Operations PtyLtd	006 530 347
Jaslib PtyLtd	065 059 458
Jasopt PtyLtd	065 064 164
Manoc Developments PtyLtd	137 556 524
Northkom PtyLtd	082 885 961
Northkom I PtyLimited	604 022 899

PARTY/ENTITY NAME	AUSTRALIANCOMPANY
Ridgegate ProprietaryLimited	058 139 923
S.One HoldingCompanyPtyLimited	601 640 215
Samenic PtyLimited	066 234 900
Savabow PtyLtd	084 712 774
ScrumPac PtyLtd	602 375 253
Silthree PtyLtd	084 494 575
Siltwo PtyLtd	084 494 495
Tastee Shears Holdings PtyLimited	627 444 464
Toranaga PtyLtd	056 229 728
TorayPtyLtd	002 348 503
Wilbur Holdings Aus Pty. Limited	633 535 565
Wilbur One Aus Pty. Limited	633 536 179