EMERALD RESOURCES NL — Regulatory Filings 2020

Feb 6, 2020

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	EMERALD RESOURCES NL
ACN/ARSN	009 795 046

1. Details of substantial holder(1)

Name ACN/ARSN (if applicable)	MORGAN HART AND SIMORE PTY LTD "SIMORE"
There was a change in the interests of the substantial holder on	03 / 02 / 20
The previous notice was given to the company on	11/10/16

$11 / 10 / 16$

2. Previous and present voting power

The previous notice was dated

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) $\frac{1}{2}$

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
ORD	257,318,823	12.42%	393,833,333	10.36%

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

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
03/02/20	MORGAN HART & SIMORE DILUTION DUE TO		NIL		ORD 393,833,333 ORD 393,833 333
	REFER ANNEXURE A

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
MORGAN HART &	MORGAN HART & SIMORE	MORGAN HART &	Direct and Indirect		DRD 393,833,333 ORD 393,833,333
SIMORE		SIMORE

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
N/A

6. Addresses

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

Name	Address
MORGAN HART	7 MINIM CLOSE, MOSMAN PARK, WA 6012
SIMORE PTY LTD (SIMORE SUPERFUND A/C)	7 MINIM CLOSE, MOSMAN PARK, WA 6012

Signature

print name	MORGAN HART Contract Contract	capacity
sign here		02 $\sqrt{20}$ date $\mathcal{L}$

DIRECTIONS

• 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 $(1)$ 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. $(2)$
• $(3)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(6)$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any $(a)$ 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 the securities to $(b)$ 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, becom'e 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 identity 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.

Annexure A of 1 page

EMERALD RESOURCES NL ACN 009 795 046

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
19/12/18	MORGAN HART	PLACEMENT	\$3,500,000	ORD 116,666,667	ORD 116,666,667

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
15/11/16	SIMORE	ON-MARKET PURCHASE	\$96,600	ORD 2,100,000	ORD 2,100,000
16/11/16	SIMORE	ON-MARKET PURCHASE	\$26,734	ORD 581, 177	ORD 581,177
07/12/18	SIMORE	SHARE PURCHASE PLAN	\$15,000	ORD 500,000	ORD 500,000
19/12/18	SIMORE	PLACEMENT	\$500,000	ORD 16,666,666	ORD 16,666,666

0

MORGAN HART

$6.02.20$

DATE: