ESTRELLA RESOURCES LIMITED — Major Shareholding Notification 2021

Oct 28, 2021

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Estrella Resources Ltd (ESR) ACN/ARSN 151 155 207 1. Details of substantial holder (1) Name Regal Funds Management Pty Ltd (RFM) ACN/ARSN (if applicable) 107 576 821

There was a change in the interests of the substantial holder on 27/10/2021 The previous notice was given to the company on 7/07/2021 The previous notice was dated 5/07/2021

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:

follows:
Class of securities (4)	Previous notice		Current notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
ORDINARY	124,167,289	10.69%	96,441,150	*8.30%

*The % substantial is based on the shares on issue of 1,162,043,740 as disclosed by the Company on 05-07-2021.

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 or scheme are as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Consideration (9)	Class and number of securities	Class and number of securities	Class and number of securities
	See Annexure 1
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
CREDIT SUISSE AG	CS THIRD NOMINEES PTY LIMITED		CREDIT SUISSE AG	HOLDER OF SHARES	96,441,150 ORDINARY	96,441,150

5. Changes in associati The persons who have bec with, the substantial holder	5. Changes in associati The persons who have bec with, the substantial holder	on named in this form are as follows: print name capacity sign here date erests Nature of Change Consideration given in relation to change Number of securities affected Class of securities Persons votes affected Buy 103400.00 2200000 Ordinary 2200000 Buy 34417.16 732280 Ordinary 732280 Buy 78400.00 1960000 Ordinary 1960000 Sell 124405.59 2597194 Ordinary 2597194 Sell 52594.82 1155930 Ordinary 1155930 Sell 135900.00 3000000 Ordinary 3000000 Sell 35636.81 864971 Ordinary 864971 Sell 17554.20 438855 Ordinary 438855 Sell 70051.78 1814813 Ordinary 1814813 Sell 43953.26 1141643 Ordinary 1141643 Sell 38937.00 1003531 Ordinary 1003531 Sell 31982.44 832876 Ordinary 832876 Sell 27798.35 745264 Ordinary 745264 Sell 5775.73 159111 Ordinary 159111 Sell 20818.17 612299 Ordinary 612299 Sell 11471.68 336413 Ordinary 336413 Sell 13280.00 400000 Ordinary 400000 Sell 10832.09 325288 Ordinary 325288 Sell 10866.26 327297 Ordinary 327297 Sell 11369.08 331460 Ordinary 331460 Sell 417000.00 10000000 Ordinary 10000000 Sell 278893.94 6531474 Ordinary 6531474 29/10/2021 gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management se relevant interest changed gal Funds Management gal Funds Management gal Funds Management CompanySecretary ARSN (if applicable) PPLICABLE Nature of association ame ny Ho Address LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY NSW 2000 KennyHo ome associates (2) of, ceased to be associates of, or have changed the nature of their association (9) in relation to voting interests in the company or scheme are as follows:	on named in this form are as follows: print name capacity sign here date erests Nature of Change Consideration given in relation to change Number of securities affected Class of securities Persons votes affected Buy 103400.00 2200000 Ordinary 2200000 Buy 34417.16 732280 Ordinary 732280 Buy 78400.00 1960000 Ordinary 1960000 Sell 124405.59 2597194 Ordinary 2597194 Sell 52594.82 1155930 Ordinary 1155930 Sell 135900.00 3000000 Ordinary 3000000 Sell 35636.81 864971 Ordinary 864971 Sell 17554.20 438855 Ordinary 438855 Sell 70051.78 1814813 Ordinary 1814813 Sell 43953.26 1141643 Ordinary 1141643 Sell 38937.00 1003531 Ordinary 1003531 Sell 31982.44 832876 Ordinary 832876 Sell 27798.35 745264 Ordinary 745264 Sell 5775.73 159111 Ordinary 159111 Sell 20818.17 612299 Ordinary 612299 Sell 11471.68 336413 Ordinary 336413 Sell 13280.00 400000 Ordinary 400000 Sell 10832.09 325288 Ordinary 325288 Sell 10866.26 327297 Ordinary 327297 Sell 11369.08 331460 Ordinary 331460 Sell 417000.00 10000000 Ordinary 10000000 Sell 278893.94 6531474 Ordinary 6531474 29/10/2021 gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management se relevant interest changed gal Funds Management gal Funds Management gal Funds Management CompanySecretary ARSN (if applicable) PPLICABLE Nature of association ame ny Ho Address LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY NSW 2000 KennyHo ome associates (2) of, ceased to be associates of, or have changed the nature of their association (9) in relation to voting interests in the company or scheme are as follows:	on named in this form are as follows: print name capacity sign here date erests Nature of Change Consideration given in relation to change Number of securities affected Class of securities Persons votes affected Buy 103400.00 2200000 Ordinary 2200000 Buy 34417.16 732280 Ordinary 732280 Buy 78400.00 1960000 Ordinary 1960000 Sell 124405.59 2597194 Ordinary 2597194 Sell 52594.82 1155930 Ordinary 1155930 Sell 135900.00 3000000 Ordinary 3000000 Sell 35636.81 864971 Ordinary 864971 Sell 17554.20 438855 Ordinary 438855 Sell 70051.78 1814813 Ordinary 1814813 Sell 43953.26 1141643 Ordinary 1141643 Sell 38937.00 1003531 Ordinary 1003531 Sell 31982.44 832876 Ordinary 832876 Sell 27798.35 745264 Ordinary 745264 Sell 5775.73 159111 Ordinary 159111 Sell 20818.17 612299 Ordinary 612299 Sell 11471.68 336413 Ordinary 336413 Sell 13280.00 400000 Ordinary 400000 Sell 10832.09 325288 Ordinary 325288 Sell 10866.26 327297 Ordinary 327297 Sell 11369.08 331460 Ordinary 331460 Sell 417000.00 10000000 Ordinary 10000000 Sell 278893.94 6531474 Ordinary 6531474 29/10/2021 gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management se relevant interest changed gal Funds Management gal Funds Management gal Funds Management CompanySecretary ARSN (if applicable) PPLICABLE Nature of association ame ny Ho Address LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY NSW 2000 KennyHo ome associates (2) of, ceased to be associates of, or have changed the nature of their association (9) in relation to voting interests in the company or scheme are as follows:	on named in this form are as follows: print name capacity sign here date erests Nature of Change Consideration given in relation to change Number of securities affected Class of securities Persons votes affected Buy 103400.00 2200000 Ordinary 2200000 Buy 34417.16 732280 Ordinary 732280 Buy 78400.00 1960000 Ordinary 1960000 Sell 124405.59 2597194 Ordinary 2597194 Sell 52594.82 1155930 Ordinary 1155930 Sell 135900.00 3000000 Ordinary 3000000 Sell 35636.81 864971 Ordinary 864971 Sell 17554.20 438855 Ordinary 438855 Sell 70051.78 1814813 Ordinary 1814813 Sell 43953.26 1141643 Ordinary 1141643 Sell 38937.00 1003531 Ordinary 1003531 Sell 31982.44 832876 Ordinary 832876 Sell 27798.35 745264 Ordinary 745264 Sell 5775.73 159111 Ordinary 159111 Sell 20818.17 612299 Ordinary 612299 Sell 11471.68 336413 Ordinary 336413 Sell 13280.00 400000 Ordinary 400000 Sell 10832.09 325288 Ordinary 325288 Sell 10866.26 327297 Ordinary 327297 Sell 11369.08 331460 Ordinary 331460 Sell 417000.00 10000000 Ordinary 10000000 Sell 278893.94 6531474 Ordinary 6531474 29/10/2021 gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management se relevant interest changed gal Funds Management gal Funds Management gal Funds Management CompanySecretary ARSN (if applicable) PPLICABLE Nature of association ame ny Ho Address LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY NSW 2000 KennyHo ome associates (2) of, ceased to be associates of, or have changed the nature of their association (9) in relation to voting interests in the company or scheme are as follows:	on named in this form are as follows: print name capacity sign here date erests Nature of Change Consideration given in relation to change Number of securities affected Class of securities Persons votes affected Buy 103400.00 2200000 Ordinary 2200000 Buy 34417.16 732280 Ordinary 732280 Buy 78400.00 1960000 Ordinary 1960000 Sell 124405.59 2597194 Ordinary 2597194 Sell 52594.82 1155930 Ordinary 1155930 Sell 135900.00 3000000 Ordinary 3000000 Sell 35636.81 864971 Ordinary 864971 Sell 17554.20 438855 Ordinary 438855 Sell 70051.78 1814813 Ordinary 1814813 Sell 43953.26 1141643 Ordinary 1141643 Sell 38937.00 1003531 Ordinary 1003531 Sell 31982.44 832876 Ordinary 832876 Sell 27798.35 745264 Ordinary 745264 Sell 5775.73 159111 Ordinary 159111 Sell 20818.17 612299 Ordinary 612299 Sell 11471.68 336413 Ordinary 336413 Sell 13280.00 400000 Ordinary 400000 Sell 10832.09 325288 Ordinary 325288 Sell 10866.26 327297 Ordinary 327297 Sell 11369.08 331460 Ordinary 331460 Sell 417000.00 10000000 Ordinary 10000000 Sell 278893.94 6531474 Ordinary 6531474 29/10/2021 gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management se relevant interest changed gal Funds Management gal Funds Management gal Funds Management CompanySecretary ARSN (if applicable) PPLICABLE Nature of association ame ny Ho Address LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY NSW 2000 KennyHo ome associates (2) of, ceased to be associates of, or have changed the nature of their association (9) in relation to voting interests in the company or scheme are as follows:	on named in this form are as follows: print name capacity sign here date erests Nature of Change Consideration given in relation to change Number of securities affected Class of securities Persons votes affected Buy 103400.00 2200000 Ordinary 2200000 Buy 34417.16 732280 Ordinary 732280 Buy 78400.00 1960000 Ordinary 1960000 Sell 124405.59 2597194 Ordinary 2597194 Sell 52594.82 1155930 Ordinary 1155930 Sell 135900.00 3000000 Ordinary 3000000 Sell 35636.81 864971 Ordinary 864971 Sell 17554.20 438855 Ordinary 438855 Sell 70051.78 1814813 Ordinary 1814813 Sell 43953.26 1141643 Ordinary 1141643 Sell 38937.00 1003531 Ordinary 1003531 Sell 31982.44 832876 Ordinary 832876 Sell 27798.35 745264 Ordinary 745264 Sell 5775.73 159111 Ordinary 159111 Sell 20818.17 612299 Ordinary 612299 Sell 11471.68 336413 Ordinary 336413 Sell 13280.00 400000 Ordinary 400000 Sell 10832.09 325288 Ordinary 325288 Sell 10866.26 327297 Ordinary 327297 Sell 11369.08 331460 Ordinary 331460 Sell 417000.00 10000000 Ordinary 10000000 Sell 278893.94 6531474 Ordinary 6531474 29/10/2021 gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management se relevant interest changed gal Funds Management gal Funds Management gal Funds Management CompanySecretary ARSN (if applicable) PPLICABLE Nature of association ame ny Ho Address LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY NSW 2000 KennyHo ome associates (2) of, ceased to be associates of, or have changed the nature of their association (9) in relation to voting interests in the company or scheme are as follows:	on named in this form are as follows: print name capacity sign here date erests Nature of Change Consideration given in relation to change Number of securities affected Class of securities Persons votes affected Buy 103400.00 2200000 Ordinary 2200000 Buy 34417.16 732280 Ordinary 732280 Buy 78400.00 1960000 Ordinary 1960000 Sell 124405.59 2597194 Ordinary 2597194 Sell 52594.82 1155930 Ordinary 1155930 Sell 135900.00 3000000 Ordinary 3000000 Sell 35636.81 864971 Ordinary 864971 Sell 17554.20 438855 Ordinary 438855 Sell 70051.78 1814813 Ordinary 1814813 Sell 43953.26 1141643 Ordinary 1141643 Sell 38937.00 1003531 Ordinary 1003531 Sell 31982.44 832876 Ordinary 832876 Sell 27798.35 745264 Ordinary 745264 Sell 5775.73 159111 Ordinary 159111 Sell 20818.17 612299 Ordinary 612299 Sell 11471.68 336413 Ordinary 336413 Sell 13280.00 400000 Ordinary 400000 Sell 10832.09 325288 Ordinary 325288 Sell 10866.26 327297 Ordinary 327297 Sell 11369.08 331460 Ordinary 331460 Sell 417000.00 10000000 Ordinary 10000000 Sell 278893.94 6531474 Ordinary 6531474 29/10/2021 gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management gal Funds Management se relevant interest changed gal Funds Management gal Funds Management gal Funds Management CompanySecretary ARSN (if applicable) PPLICABLE Nature of association ame ny Ho Address LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY NSW 2000 KennyHo ome associates (2) of, ceased to be associates of, or have changed the nature of their association (9) in relation to voting interests in the company or scheme are as follows:
Name and ACN/		ARSN (if applicable)		Nature of association
NOT A		PPLICABLE
6. Addresses The addresses of persons
N		ame		Address
Ken		ny Ho		LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY NSW 2000
Signature Annexure 1 Changes in relevant int
Date	Person who	se relevant interest changed		Nature of Change	Consideration given in relation to change	Number of securities affected	Class of securities	Persons votes affected
13/07/2021	Re	gal Funds Management		Buy	103400.00	2200000	Ordinary	2200000
14/07/2021	Re	gal Funds Management		Buy	34417.16	732280	Ordinary	732280
12/08/2021	Re	gal Funds Management		Buy	78400.00	1960000	Ordinary	1960000
14/09/2021	Re	gal Funds Management		Sell	124405.59	2597194	Ordinary	2597194
15/09/2021	Re	gal Funds Management		Sell	52594.82	1155930	Ordinary	1155930
16/09/2021	Re	gal Funds Management		Sell	135900.00	3000000	Ordinary	3000000
20/09/2021	Re	gal Funds Management		Sell	35636.81	864971	Ordinary	864971
21/09/2021	Re	gal Funds Management		Sell	17554.20	438855	Ordinary	438855
22/09/2021	Re	gal Funds Management		Sell	70051.78	1814813	Ordinary	1814813
23/09/2021	Re	gal Funds Management		Sell	43953.26	1141643	Ordinary	1141643
24/09/2021	Re	gal Funds Management		Sell	38937.00	1003531	Ordinary	1003531
27/09/2021	Re	gal Funds Management		Sell	31982.44	832876	Ordinary	832876
29/09/2021	Re	gal Funds Management		Sell	27798.35	745264	Ordinary	745264
6/10/2021	Re	gal Funds Management		Sell	5775.73	159111	Ordinary	159111
7/10/2021	Re	gal Funds Management		Sell	20818.17	612299	Ordinary	612299
8/10/2021	Re	gal Funds Management		Sell	11471.68	336413	Ordinary	336413
11/10/2021	Re	gal Funds Management		Sell	13280.00	400000	Ordinary	400000
12/10/2021	Re	gal Funds Management		Sell	10832.09	325288	Ordinary	325288
13/10/2021	Re	gal Funds Management		Sell	10866.26	327297	Ordinary	327297
14/10/2021	Re	gal Funds Management		Sell	11369.08	331460	Ordinary	331460
27/10/2021	Re	gal Funds Management		Sell	417000.00	10000000	Ordinary	10000000
27/10/2021	Re	gal Funds Management		Sell	278893.94	6531474	Ordinary	6531474

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

6. Addresses

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

Name Address LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY Kenny Ho NSW 2000

Signature

Annexure 1

Changes in relevant interests

			Consideration
			given in	Number of		Persons
		Nature of	relation to	securities	Class of	votes
Date	Person whose relevant interest changed	Change	change	affected	securities	affected
13/07/2021	Regal Funds Management	Buy	103400.00	2200000	Ordinary	2200000
14/07/2021	Regal Funds Management	Buy	34417.16	732280	Ordinary	732280
12/08/2021	Regal Funds Management	Buy	78400.00	1960000	Ordinary	1960000
14/09/2021	Regal Funds Management	Sell	124405.59	2597194	Ordinary	2597194
15/09/2021	Regal Funds Management	Sell	52594.82	1155930	Ordinary	1155930
16/09/2021	Regal Funds Management	Sell	135900.00	3000000	Ordinary	3000000
20/09/2021	Regal Funds Management	Sell	35636.81	864971	Ordinary	864971
21/09/2021	Regal Funds Management	Sell	17554.20	438855	Ordinary	438855
22/09/2021	Regal Funds Management	Sell	70051.78	1814813	Ordinary	1814813
23/09/2021	Regal Funds Management	Sell	43953.26	1141643	Ordinary	1141643
24/09/2021	Regal Funds Management	Sell	38937.00	1003531	Ordinary	1003531
27/09/2021	Regal Funds Management	Sell	31982.44	832876	Ordinary	832876
29/09/2021	Regal Funds Management	Sell	27798.35	745264	Ordinary	745264
6/10/2021	Regal Funds Management	Sell	5775.73	159111	Ordinary	159111
7/10/2021	Regal Funds Management	Sell	20818.17	612299	Ordinary	612299
8/10/2021	Regal Funds Management	Sell	11471.68	336413	Ordinary	336413
11/10/2021	Regal Funds Management	Sell	13280.00	400000	Ordinary	400000
12/10/2021	Regal Funds Management	Sell	10832.09	325288	Ordinary	325288
13/10/2021	Regal Funds Management	Sell	10866.26	327297	Ordinary	327297
14/10/2021	Regal Funds Management	Sell	11369.08	331460	Ordinary	331460
27/10/2021	Regal Funds Management	Sell	417000.00	10000000	Ordinary	10000000
27/10/2021	Regal Funds Management	Sell	278893.94	6531474	Ordinary	6531474