EVOLUTION MINING LIMITED — Major Shareholding Notification 2022

Dec 20, 2022

604 GUIDE page 1/1 13 March 2000

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

ACN/ARSN

Evolution Mining Limited 084 669 036

1. Details of substantial holder (1) Name Van Eck Associates Corporation (and its associates referred to in paragraph 6). ACN/ARSN (if applicable) N/A There was a change in the interests of the substantial holder on 16/12/2022 The previous notice was given to the company on 23/03/2022 The previous notice was dated 22/03/2022

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	Previous notice	Present notice	Present notice
	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
Ordinaryshares	212,146,413	11.57%	190,613,535	10.39%

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:

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
	Van Eck Associates Corporation(VEAC)	See 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
VEAC	State Street Bank and Trust Company as custodian for VanEck Gold Miners ETF	VanEck Gold Miners ETF (GDX)	VEAC holds its relevant interest by having the power 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 in the ordinary course of investment management business.	Ordinary shares 95,049,370	5.18%

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VEAC	State Street Australia Limited as custodian for VanEck Gold Miners ETF (AU)	VanEck Gold Miners ETF (GDXAU)	Same as above.	Ordinary shares 2,438,619	0.13%
VEAC	State Street Bank and Trust Company as custodian for VanEck Junior Gold Miners ETF	VanEck Junior Gold Miners ETF (GDXJ)	Same as above.	Ordinary shares 62,656,424	3.41%
VEAC	State Street Australia Limited as custodian for VanEck MSCI Australian Sustainable Equity ETF	VanEck MSCI Australian Sustainable Equity ETF (GRNVAU)	Same as above.	Ordinary shares 254,362	0.01%
VEAC	State Street Bank and Trust Company as custodian for VanEck Natural Resources ETF	VanEck Natural Resources ETF (HAP)	Same as above.	Ordinary shares 54,364	0.00%
VEAC	State Street Bank and Trust Company as custodian for VanEck International Investors Gold Fund	VanEck International Investors Gold Fund (IIG)	Same as above.	Ordinary shares 5,608,987	0.31%
VEAC	CACEIS Bank, Luxembourg Branch as depositary for LO Funds – World Gold Expertise	LO Funds – World Gold Expertise (LODH)	Same as above.	Ordinary shares 387,735	0.02%
VEAC	State Street Australia Limited as custodian for VanEck S&P/ASX Midcap ETF	VanEck S&P/ASX Midcap ETF (MVE.AU)	Same as above.	Ordinary shares 1,295,270	0.07%
VEAC	State Street Australia Limited as custodian for VanEck Australian Resources ETF	VanEck Australian Resources ETF (MVR.AU)	Same as above.	Ordinary shares 1,682,913	0.09%
VEAC	State Street Australia Limited as custodian for VanEck Australian Equal Weight ETF	VanEck Australian Equal Weight ETF (MVW.AU)	Same as above.	Ordinary shares 7,498,232	0.41%
VEAC	State Street Custodial Services (Ireland) Limited as depositary for VanEck Global Mining UCITS ETF	VanEck Global Mining UCITS ETF (UCTGDIG)	Same as above.	Ordinary shares 552,589	0.03%
VEAC	State Street Custodial Services (Ireland) Limited as depositary for VanEck Gold Miners UCITS ETF	VanEck Gold Miners UCITS ETF (UCTGDX)	Same as above.	Ordinary shares 5,864,823	0.32%

ME_205582907_1

VEAC	State Street Custodial Services (Ireland) Limited as depositary for VanEck Junior Gold Miners UCITS ETF	VanEck Junior Gold Miners UCITS ETF (UCTGDXJ)	Same as above.	Ordinary shares 6,880,355	0.37%
VEAC	State Street Bank and Trust Company as custodian for Van Eck VIP Global Gold Fund	Van Eck VIP Global Gold Fund (VGOLD)	Same as above.	Ordinary shares 389,492	0.02%

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

6. Addresses

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

Name	Address
VEAC	666 Third Avenue, New York, NY 10017
Van Eck Securities Corporation	666 Third Avenue, New York, NY 10017
Van Eck Absolute Return Advisers, Inc.	666 Third Avenue, New York, NY 10017
VanEck Australia PtyLtd	Level 47 Suite 2, 25 Martin Place, SydneyNSW 2000
VanEck Investments Limited	Level 47 Suite 2, 25 Martin Place, SydneyNSW 2000
VanEck Asset Management B.V.	Barbara Strozzilaan 310, 1083 HN Amsterdam, Netherlands

Signature

print name sign here	Ashley Sousa capacity Manager
	date 20/12/2022

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.

• (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 because of which the change in relevant interest occurred. 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.

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• (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 on 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 is 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.

ME_205582907_1

This is Annexure A of 3 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
GDX	03/21/2022	S	-	In-Kind	303,810
GDX	03/22/2022	S	-	In-Kind	128,524
GDX	03/23/2022	S	-	In-Kind	701,100
GDX	03/29/2022	S	-	In-Kind	303,810
GDX	03/30/2022	S	-	In-Kind	233,700
GDX	04/07/2022	B	-	In-Kind	93,488
GDX	04/11/2022	B	-	In-Kind	444,068
GDX	04/12/2022	B	-	In-Kind	46,744
GDX	04/13/2022	B	-	In-Kind	23,370
GDX	04/14/2022	B	-	In-Kind	128,535
GDX	04/18/2022	B	-	In-Kind	116,850
GDX	04/19/2022	B	-	In-Kind	572,565
GDX	04/20/2022	B	-	In-Kind	408,975
GDX	04/21/2022	B	-	In-Kind	93,472
GDX	04/22/2022	B	-	In-Kind	642,675
GDX	04/27/2022	B	-	In-Kind	58,425
GDX	04/29/2022	B	-	In-Kind	140,208
GDX	05/02/2022	S	-	In-Kind	93,472
GDX	05/03/2022	B	-	In-Kind	362,204
GDX	05/05/2022	S	-	In-Kind	46,732
GDX	05/09/2022	S	-	In-Kind	186,928
GDX	05/10/2022	S	-	In-Kind	362,173
GDX	05/12/2022	S	-	In-Kind	2,932,182
GDX	05/18/2022	S	-	In-Kind	46,732
GDX	05/19/2022	B	-	In-Kind	35,049
GDX	05/20/2022	S	-	In-Kind	187,104
GDX	05/24/2022	B	-	In-Kind	257,268
GDX	05/25/2022	S	-	In-Kind	116,940
GDX	05/26/2022	S	-	In-Kind	105,246
GDX	05/27/2022	S	-	In-Kind	23,408
GDX	05/31/2022	S	-	In-Kind	117,040
GDX	06/01/2022	S	-	In-Kind	503,444
GDX	06/02/2022	B	-	In-Kind	46,900
GDX	06/03/2022	S	-	In-Kind	257,928
GDX	06/06/2022	B	-	In-Kind	11,725
GDX	06/08/2022	B	-	In-Kind	117,240
GDX	06/13/2022	B	-	In-Kind	140,688
GDX	06/14/2022	B	-	In-Kind	70,344
GDX	06/15/2022	B	-	In-Kind	375,168
GDX	06/16/2022	B	-	In-Kind	633,204
GDX	06/17/2022	B	-	In-Kind	152,451
GDX	06/17/2022	B	15,440,070.55	-	4,181,374
GDX	06/22/2022	S	-	In-Kind	146,508

Page 1 of 13

==> picture [110 x 47] intentionally omitted <==

This is Annexure A of 3 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
GDX	06/27/2022	S	-	In-Kind	402,897
GDX	06/29/2022	B	-	In-Kind	195,328
GDX	07/05/2022	S	-	In-Kind	36,633
GDX	07/06/2022	S	-	In-Kind	464,018
GDX	07/08/2022	S	-	In-Kind	525,030
GDX	07/14/2022	B	-	In-Kind	48,836
GDX	07/15/2022	B	-	In-Kind	524,987
GDX	07/20/2022	B	-	In-Kind	769,167
GDX	07/21/2022	B	-	In-Kind	402,897
GDX	07/22/2022	B	-	In-Kind	439,488
GDX	07/26/2022	B	-	In-Kind	415,072
GDX	07/27/2022	B	-	In-Kind	1,000,974
GDX	07/28/2022	B	-	In-Kind	231,933
GDX	08/02/2022	B	-	In-Kind	976,480
GDX	08/03/2022	B	-	In-Kind	85,442
GDX	08/04/2022	S	-	In-Kind	48,824
GDX	08/05/2022	B	433,020.14	-	157,926
GDX	08/08/2022	B	-	In-Kind	122,060
GDX	08/09/2022	B	-	In-Kind	292,944
GDX	08/11/2022	S	-	In-Kind	61,030
GDX	08/17/2022	S	-	In-Kind	134,255
GDX	08/19/2022	B	-	In-Kind	134,266
GDX	08/22/2022	S	-	In-Kind	512,694
GDX	08/25/2022	S	-	In-Kind	244,160
GDX	08/29/2022	S	-	In-Kind	929,100
GDX	08/30/2022	S	-	In-Kind	550,080
GDX	08/31/2022	B	-	In-Kind	110,160
GDX	09/01/2022	S	-	In-Kind	563,362
GDX	09/02/2022	B	-	In-Kind	122,500
GDX	09/06/2022	B	-	In-Kind	61,280
GDX	09/07/2022	S	-	In-Kind	220,716
GDX	09/09/2022	B	-	In-Kind	110,520
GDX	09/12/2022	S	-	In-Kind	85,960
GDX	09/13/2022	S	-	In-Kind	1,645,520
GDX	09/14/2022	S	-	In-Kind	24,560
GDX	09/15/2022	S	-	In-Kind	294,792
GDX	09/16/2022	S	-	In-Kind	540,936
GDX	09/16/2022	S	2,005,678.37	-	988,711
GDX	09/21/2022	S	-	In-Kind	108,990
GDX	09/23/2022	S	-	In-Kind	96,888
GDX	09/26/2022	S	-	In-Kind	641,883
GDX	09/27/2022	S	-	In-Kind	399,630
GDX	09/28/2022	B	-	In-Kind	24,220

Page 2 of 13

==> picture [110 x 46] intentionally omitted <==

This is Annexure A of 3 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
GDX	09/29/2022	B	-	In-Kind	121,100
GDX	09/30/2022	B	-	In-Kind	109,008
GDX	10/03/2022	B	-	In-Kind	423,920
GDX	10/04/2022	B	-	In-Kind	290,664
GDX	10/05/2022	B	-	In-Kind	690,327
GDX	10/06/2022	B	-	In-Kind	629,772
GDX	10/07/2022	S	-	In-Kind	36,336
GDX	10/13/2022	S	-	In-Kind	24,222
GDX	10/14/2022	B	-	In-Kind	12,111
GDX	10/19/2022	S	-	In-Kind	24,224
GDX	10/21/2022	B	-	In-Kind	1,005,213
GDX	10/24/2022	B	-	In-Kind	230,109
GDX	10/25/2022	B	-	In-Kind	72,666
GDX	10/26/2022	B	-	In-Kind	1,029,350
GDX	10/27/2022	B	-	In-Kind	145,320
GDX	10/28/2022	B	-	In-Kind	448,070
GDX	11/02/2022	S	-	In-Kind	96,872
GDX	11/07/2022	B	-	In-Kind	72,648
GDX	11/09/2022	B	-	In-Kind	217,944
GDX	11/10/2022	B	-	In-Kind	193,728
GDX	11/11/2022	B	-	In-Kind	411,672
GDX	11/11/2022	B	600,492.98	-	229,913
GDX	11/16/2022	S	-	In-Kind	266,332
GDX	11/17/2022	S	-	In-Kind	278,438
GDX	11/22/2022	B	-	In-Kind	24,220
GDX	11/23/2022	B	-	In-Kind	678,160
GDX	11/25/2022	B	-	In-Kind	363,300
GDX	11/28/2022	B	-	In-Kind	193,760
GDX	11/29/2022	S	-	In-Kind	36,327
GDX	11/30/2022	B	-	In-Kind	157,534
GDX	12/01/2022	B	-	In-Kind	145,512
GDX	12/02/2022	B	-	In-Kind	24,252
GDX	12/08/2022	S	-	In-Kind	145,752
GDX	12/13/2022	S	-	In-Kind	36,438
GDX	12/16/2022	S	-	In-Kind	182,175
GDX	12/16/2022	S	16,042,839.59	-	5,774,848
GDXJ	03/21/2022	B	-	In-Kind	303,768
GDXJ	03/29/2022	S	-	In-Kind	227,850
GDXJ	04/06/2022	S	-	In-Kind	227,898
GDXJ	04/21/2022	B	-	In-Kind	302,896
GDXJ	04/26/2022	S	-	In-Kind	227,250
GDXJ	04/27/2022	S	-	In-Kind	416,658
GDXJ	05/03/2022	S	-	In-Kind	794,178

Page 3 of 13

This is Annexure A of 2 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
GDXJ	05/05/2022	B	-	In-Kind	302,568
GDXJ	05/09/2022	S	-	In-Kind	453,864
GDXJ	05/10/2022	S	-	In-Kind	378,240
GDXJ	05/12/2022	S	-	In-Kind	453,912
GDXJ	05/13/2022	S	-	In-Kind	756,700
GDXJ	05/17/2022	S	-	In-Kind	151,308
GDXJ	05/20/2022	S	-	In-Kind	227,082
GDXJ	05/26/2022	S	-	In-Kind	264,992
GDXJ	05/27/2022	S	-	In-Kind	151,432
GDXJ	05/31/2022	S	-	In-Kind	151,432
GDXJ	06/01/2022	S	-	In-Kind	454,224
GDXJ	06/06/2022	S	-	In-Kind	304,280
GDXJ	06/06/2022	B	640,847.98	-	173,081
GDXJ	06/07/2022	S	-	In-Kind	76,082
GDXJ	06/10/2022	S	-	In-Kind	266,280
GDXJ	06/13/2022	B	-	In-Kind	190,165
GDXJ	06/14/2022	B	-	In-Kind	190,160
GDXJ	06/15/2022	B	-	In-Kind	190,155
GDXJ	06/17/2022	B	-	In-Kind	761,460
GDXJ	06/17/2022	S	36,411,834.28	-	9,874,618
GDXJ	06/20/2022	S	695,374.05	-	192,770
GDXJ	06/22/2022	B	-	In-Kind	263,560
GDXJ	06/23/2022	B	-	In-Kind	629,033
GDXJ	06/28/2022	B	-	In-Kind	132,244
GDXJ	06/29/2022	B	-	In-Kind	495,930
GDXJ	07/06/2022	B	-	In-Kind	363,880
GDXJ	07/11/2022	S	-	In-Kind	231,553
GDXJ	07/13/2022	B	-	In-Kind	397,200
GDXJ	07/14/2022	B	-	In-Kind	330,970
GDXJ	07/15/2022	B	-	In-Kind	231,700
GDXJ	07/18/2022	B	-	In-Kind	331,000
GDXJ	07/19/2022	B	-	In-Kind	330,990
GDXJ	07/21/2022	B	-	In-Kind	330,990
GDXJ	07/22/2022	B	-	In-Kind	330,970
GDXJ	07/25/2022	B	-	In-Kind	165,480
GDXJ	07/27/2022	B	-	In-Kind	463,330
GDXJ	07/28/2022	B	-	In-Kind	364,012
GDXJ	08/11/2022	S	-	In-Kind	297,729
GDXJ	08/12/2022	S	-	In-Kind	165,440
GDXJ	08/18/2022	S	-	In-Kind	331,040
GDXJ	08/19/2022	S	-	In-Kind	331,040
GDXJ	08/23/2022	S	-	In-Kind	298,035
GDXJ	08/25/2022	S	-	In-Kind	431,444

Page 4 of 13

==> picture [110 x 46] intentionally omitted <==

This is Annexure A of 2 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
GDXJ	08/29/2022	S	-	In-Kind	232,351
GDXJ	09/06/2022	S	-	In-Kind	199,566
GDXJ	09/09/2022	S	-	In-Kind	133,016
GDXJ	09/12/2022	S	-	In-Kind	365,706
GDXJ	09/14/2022	S	-	In-Kind	332,560
GDXJ	09/15/2022	S	-	In-Kind	266,072
GDXJ	09/16/2022	S	-	In-Kind	565,573
GDXJ	09/16/2022	S	2,889,974.50	-	1,424,630
GDXJ	09/28/2022	S	-	In-Kind	291,672
GDXJ	10/04/2022	S	-	In-Kind	226,870
GDXJ	10/14/2022	S	-	In-Kind	64,830
GDXJ	10/17/2022	S	-	In-Kind	259,352
GDXJ	10/24/2022	B	-	In-Kind	194,478
GDXJ	10/27/2022	B	-	In-Kind	648,160
GDXJ	10/28/2022	S	-	In-Kind	194,448
GDXJ	10/31/2022	S	-	In-Kind	64,818
GDXJ	11/04/2022	S	-	In-Kind	420,589
GDXJ	11/07/2022	B	-	In-Kind	485,220
GDXJ	11/09/2022	B	-	In-Kind	323,420
GDXJ	11/10/2022	B	-	In-Kind	194,058
GDXJ	11/11/2022	B	-	In-Kind	388,056
GDXJ	11/14/2022	B	-	In-Kind	387,708
GDXJ	11/16/2022	S	-	In-Kind	161,485
GDXJ	11/21/2022	S	-	In-Kind	226,177
GDXJ	11/25/2022	B	-	In-Kind	323,120
GDXJ	11/30/2022	S	831,991.03	-	309,507
GDXJ	12/01/2022	B	-	In-Kind	320,810
GDXJ	12/05/2022	S	-	In-Kind	225,925
GDXJ	12/12/2022	S	-	In-Kind	224,630
GDXJ	12/13/2022	B	-	In-Kind	96,282
GDXJ	12/16/2022	B	-	In-Kind	513,536
GDXJ	12/16/2022	S	14,339,617.46	-	5,161,749
HAP	03/23/2022	B	-	In-Kind	881
HAP	03/30/2022	B	-	In-Kind	1,762
HAP	04/04/2022	B	-	In-Kind	882
HAP	04/06/2022	B	-	In-Kind	882
HAP	04/14/2022	B	-	In-Kind	1,764
HAP	05/04/2022	B	-	In-Kind	1,764
HAP	05/10/2022	B	-	In-Kind	883
HAP	06/17/2022	B	11,531.02	-	3,124
HAP	07/12/2022	S	-	In-Kind	6,538
HAP	08/02/2022	B	560.51	-	209
HAP	08/22/2022	S	-	In-Kind	2,814

Page 5 of 13

This is Annexure A of 1 page referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
HAP	09/16/2022	B	16,001.50	-	7,877
HAP	11/11/2022	B	355.21	-	136
HAP	11/23/2022	B	-	In-Kind	1,084
HAP	12/02/2022	B	-	In-Kind	2,170
HAP	12/16/2022	S	20,560.38	-	7,401
IIG	03/25/2022	B	744,192.20	-	166,800
IIG	04/19/2022	S	428,618.89	-	91,400
IIG	05/05/2022	S	6,728,074.75	-	1,708,464
IIG	05/06/2022	S	6,000,539.92	-	1,575,161
IIG	05/09/2022	S	6,651,151.35	-	1,807,441
IIG	05/10/2022	S	5,258,319.13	-	1,475,834
IIG	05/18/2022	S	317,228.15	-	92,300
IIG	05/27/2022	S	2,174,568.79	-	582,200
IIG	06/15/2022	B	437,813.03	-	130,900
IIG	09/26/2022	S	165,993.58	-	87,400
IIG	10/13/2022	S	191,338.48	-	98,500
IIG	11/23/2022	S	324,051.88	-	126,500
IIG	12/07/2022	S	603,403.28	-	214,200
IIG	12/08/2022	S	203,635.27	-	70,300
IIG	12/13/2022	S	400,199.70	-	141,600
LODH	03/23/2022	S	43,298.67	-	9,800
LODH	05/05/2022	S	427,750.75	-	108,619
LODH	05/06/2022	S	381,492.47	-	100,143
LODH	05/09/2022	S	422,857.76	-	114,911
LODH	05/10/2022	S	334,300.68	-	93,827
LODH	05/20/2022	S	22,806.87	-	6,200
LODH	05/27/2022	S	70,219.67	-	18,800
LODH	06/28/2022	S	18,612.55	-	7,000
LODH	07/07/2022	S	4,640.70	-	1,950
LODH	10/14/2022	S	31,945.72	-	16,100
LODH	10/20/2022	S	18,802.48	-	9,900
LODH	11/21/2022	B	42,995.19	-	17,400
LODH	12/13/2022	S	14,979.23	-	5,300
VGOLD	04/11/2022	S	76,610.34	-	17,700
VGOLD	05/05/2022	S	425,395.77	-	108,021
VGOLD	05/06/2022	S	379,393.45	-	99,592
VGOLD	05/09/2022	S	420,524.73	-	114,277
VGOLD	05/10/2022	S	332,458.63	-	93,310
VGOLD	05/25/2022	B	59,807.91	-	15,900
VGOLD	05/27/2022	S	74,328.27	-	19,900
VGOLD	06/15/2022	B	28,429.42	-	8,500
VGOLD	07/12/2022	S	21,567.37	-	9,300
VGOLD	07/14/2022	S	23,314.67	-	9,800

Page 6 of 13

This is Annexure A of 1 page referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
VGOLD	08/03/2022	S	66,753.29	-	25,200
VGOLD	10/18/2022	S	15,164.93	-	7,800
VGOLD	12/01/2022	B	45,558.22	-	16,500
MVRAU	03/21/2022	B	-	In-Kind	12,110
MVRAU	03/25/2022	B	-	In-Kind	24,216
MVRAU	03/30/2022	B	-	In-Kind	24,216
MVRAU	04/05/2022	B	-	In-Kind	24,216
MVRAU	04/06/2022	B	-	In-Kind	24,214
MVRAU	04/08/2022	B	-	In-Kind	12,107
MVRAU	04/12/2022	S	5,363.41	-	1,192
MVRAU	04/14/2022	B	-	In-Kind	12,097
MVRAU	04/21/2022	B	-	In-Kind	24,198
MVRAU	04/22/2022	B	-	In-Kind	24,198
MVRAU	04/27/2022	B	-	In-Kind	48,396
MVRAU	04/27/2022	B	-	In-Kind	12,099
MVRAU	05/04/2022	B	-	In-Kind	24,196
MVRAU	05/10/2022	B	-	In-Kind	12,097
MVRAU	05/13/2022	B	-	In-Kind	36,291
MVRAU	05/16/2022	B	-	In-Kind	36,291
MVRAU	05/17/2022	B	-	In-Kind	12,096
MVRAU	05/18/2022	B	-	In-Kind	12,096
MVRAU	05/18/2022	B	-	In-Kind	36,288
MVRAU	05/23/2022	B	-	In-Kind	24,192
MVRAU	06/07/2022	B	-	In-Kind	108,936
MVRAU	06/07/2022	B	-	In-Kind	12,104
MVRAU	06/07/2022	B	-	In-Kind	266,288
MVRAU	06/17/2022	S	456,789.50	-	123,798
MVRAU	06/20/2022	S	-	In-Kind	33,918
MVRAU	06/30/2022	S	115,455.37	-	48,516
MVRAU	07/11/2022	S	3,119.53	-	1,339
MVRAU	07/13/2022	B	-	In-Kind	10,972
MVRAU	07/20/2022	S	-	In-Kind	32,913
MVRAU	07/27/2022	S	-	In-Kind	10,971
MVRAU	08/04/2022	B	-	In-Kind	21,940
MVRAU	08/10/2022	B	10,189.48	-	3,732
MVRAU	08/12/2022	B	-	In-Kind	10,996
MVRAU	08/16/2022	B	-	In-Kind	10,996
MVRAU	08/16/2022	B	-	In-Kind	21,992
MVRAU	08/19/2022	B	7,770.49	-	3,071
MVRAU	08/25/2022	B	5,891.21	-	2,301
MVRAU	08/31/2022	B	27,989.98	-	11,710
MVRAU	09/01/2022	B	7,028.48	-	3,209
MVRAU	09/02/2022	B	16,607.91	-	7,688

Page 7 of 13

This is Annexure A of 2 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
MVRAU	09/05/2022	B	6,953.27	-	3,090
MVRAU	09/07/2022	B	5,996.94	-	2,802
MVRAU	09/14/2022	B	20,095.43	-	9,051
MVRAU	09/15/2022	S	-	In-Kind	11,269
MVRAU	09/16/2022	S	342,982.11	-	168,966
MVRAU	09/19/2022	S	-	In-Kind	10,184
MVRAU	10/04/2022	S	-	In-Kind	10,182
MVRAU	10/04/2022	S	-	In-Kind	50,910
MVRAU	10/05/2022	B	-	In-Kind	50,910
MVRAU	10/26/2022	B	-	In-Kind	20,360
MVRAU	11/09/2022	B	-	In-Kind	10,179
MVRAU	11/09/2022	B	-	In-Kind	20,358
MVRAU	11/11/2022	B	-	In-Kind	20,358
MVRAU	11/11/2022	B	-	In-Kind	20,358
MVRAU	11/16/2022	B	-	In-Kind	20,356
MVRAU	12/02/2022	B	-	In-Kind	20,368
MVRAU	12/02/2022	B	5,858.57	-	2,034
MVRAU	12/12/2022	B	-	In-Kind	10,195
MVRAU	12/16/2022	S	67,394.95	-	24,244
MVEAU	03/22/2022	B	6,226.23	-	1,399
MVEAU	04/04/2022	B	-	In-Kind	24,666
MVEAU	04/19/2022	B	7,513.05	-	1,605
MVEAU	05/18/2022	B	9,340.91	-	2,723
MVEAU	05/24/2022	S	38,205.75	-	10,355
MVEAU	06/17/2022	B	132,131.41	-	35,806
MVEAU	06/23/2022	S	-	In-Kind	25,274
MVEAU	06/28/2022	S	14,807.57	-	5,740
MVEAU	06/30/2022	S	45,279.28	-	19,027
MVEAU	07/08/2022	S	-	In-Kind	24,733
MVEAU	07/27/2022	B	1,377.05	-	562
MVEAU	08/09/2022	B	-	In-Kind	49,504
MVEAU	08/10/2022	S	8,063.53	-	2,954
MVEAU	08/22/2022	B	6,057.68	-	2,432
MVEAU	08/26/2022	S	632.43	-	253
MVEAU	08/30/2022	B	4,224.16	-	1,805
MVEAU	09/01/2022	B	6,713.09	-	3,065
MVEAU	09/05/2022	B	6,329.94	-	2,813
MVEAU	09/15/2022	S	28,563.71	-	13,349
MVEAU	09/16/2022	B	21,559.79	-	10,620
MVEAU	09/21/2022	B	2,414.27	-	1,201
MVEAU	09/29/2022	B	-	In-Kind	12,429
MVEAU	10/27/2022	B	2,105.19	-	1,012
MVEAU	11/11/2022	B	-	In-Kind	24,876

Page 8 of 13

This is Annexure A of 1 page referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
MVEAU	11/24/2022	B	3,145.86	-	1,148
MVEAU	12/05/2022	B	3,898.61	-	1,363
MVEAU	12/16/2022	B	71,294.24	-	25,644
MVWAU	04/01/2022	S	-	In-Kind	69,003
MVWAU	04/05/2022	B	-	In-Kind	8,118
MVWAU	04/22/2022	B	-	In-Kind	12,177
MVWAU	05/03/2022	B	16,709.12	-	4,306
MVWAU	05/18/2022	B	14,064.55	-	4,100
MVWAU	06/15/2022	B	187,597.81	-	55,484
MVWAU	06/17/2022	B	4,398,493.12	-	1,191,938
MVWAU	06/20/2022	B	-	In-Kind	10,558
MVWAU	06/24/2022	B	-	In-Kind	15,837
MVWAU	06/28/2022	S	11,554.54	-	4,479
MVWAU	06/30/2022	S	245,410.51	-	103,125
MVWAU	07/15/2022	B	-	In-Kind	15,501
MVWAU	07/20/2022	S	11,613.40	-	5,028
MVWAU	07/26/2022	B	-	In-Kind	10,328
MVWAU	08/03/2022	B	-	In-Kind	20,652
MVWAU	08/15/2022	B	-	In-Kind	15,501
MVWAU	08/15/2022	B	21,487.65	-	7,899
MVWAU	08/16/2022	B	-	In-Kind	5,168
MVWAU	08/19/2022	B	-	In-Kind	10,344
MVWAU	08/19/2022	B	14,086.06	-	5,567
MVWAU	08/24/2022	B	19,715.50	-	7,917
MVWAU	08/30/2022	B	20,875.10	-	8,920
MVWAU	09/01/2022	B	18,023.49	-	8,229
MVWAU	09/01/2022	B	-	In-Kind	15,585
MVWAU	09/02/2022	B	15,903.67	-	7,362
MVWAU	09/06/2022	B	23,397.63	-	10,586
MVWAU	09/12/2022	B	-	In-Kind	15,660
MVWAU	09/14/2022	B	16,847.21	-	7,588
MVWAU	09/15/2022	S	51,506.27	-	24,071
MVWAU	09/16/2022	B	7,310,127.54	-	3,600,850
MVWAU	10/13/2022	B	13,939.40	-	7,166
MVWAU	10/25/2022	S	-	In-Kind	232,794
MVWAU	11/03/2022	B	-	In-Kind	17,250
MVWAU	11/04/2022	B	14,363.03	-	7,145
MVWAU	11/11/2022	B	-	In-Kind	17,258
MVWAU	11/11/2022	B	-	In-Kind	25,887
MVWAU	11/17/2022	B	25,592.58	-	9,996
MVWAU	11/30/2022	B	-	In-Kind	34,556
MVWAU	12/05/2022	B	-	In-Kind	17,286
MVWAU	12/16/2022	S	4,148,098.96	-	1,492,204

Page 9 of 13

This is Annexure A of 2 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
UCTGDX	03/22/2022	S	58,154.14	-	13,069
UCTGDX	03/30/2022	B	61,975.72	-	14,149
UCTGDX	04/07/2022	S	186,030.33	-	43,981
UCTGDX	04/22/2022	B	58,170.24	-	13,949
UCTGDX	04/26/2022	B	51,523.18	-	12,566
UCTGDX	05/12/2022	S	216,756.11	-	62,831
UCTGDX	05/20/2022	B	53,295.38	-	14,326
UCTGDX	05/23/2022	B	46,747.86	-	12,566
UCTGDX	05/27/2022	B	96,559.61	-	25,886
UCTGDX	05/31/2022	B	54,526.89	-	14,199
UCTGDX	06/01/2022	S	100,148.97	-	27,142
UCTGDX	06/10/2022	B	99,401.47	-	28,399
UCTGDX	06/15/2022	B	84,950.41	-	25,132
UCTGDX	06/16/2022	B	177,693.38	-	50,767
UCTGDX	06/17/2022	B	925,588.83	-	250,812
UCTGDX	06/21/2022	B	90,301.07	-	26,249
UCTGDX	06/22/2022	B	47,316.13	-	13,754
UCTGDX	06/27/2022	S	34,643.90	-	13,124
UCTGDX	06/29/2022	B	66,874.54	-	27,863
UCTGDX	07/08/2022	S	24,275.84	-	9,909
UCTGDX	07/15/2022	B	65,810.89	-	28,612
UCTGDX	07/25/2022	S	35,347.44	-	14,547
UCTGDX	07/26/2022	B	250,326.78	-	104,734
UCTGDX	07/26/2022	B	94,734.78	-	39,636
UCTGDX	08/02/2022	B	102,994.87	-	38,429
UCTGDX	08/02/2022	B	36,792.88	-	13,728
UCTGDX	08/09/2022	B	256,773.75	-	92,029
UCTGDX	08/10/2022	B	39,666.15	-	14,529
UCTGDX	08/11/2022	B	178,230.39	-	64,573
UCTGDX	08/31/2022	S	473,000.37	-	197,918
UCTGDX	09/07/2022	S	31,736.75	-	14,831
UCTGDX	09/12/2022	B	247,450.97	-	107,582
UCTGDX	09/15/2022	S	205,583.80	-	96,072
UCTGDX	09/16/2022	S	191,332.72	-	94,262
UCTGDX	09/20/2022	S	27,577.92	-	13,133
UCTGDX	09/21/2022	S	260,834.71	-	129,775
UCTGDX	09/27/2022	S	107,844.31	-	58,140
UCTGDX	10/14/2022	B	183,261.23	-	94,217
UCTGDX	10/24/2022	S	87,554.52	-	44,902
UCTGDX	10/28/2022	S	81,907.18	-	39,192
UCTGDX	11/02/2022	B	55,874.76	-	26,733
UCTGDX	11/16/2022	B	63,121.60	-	25,047
UCTGDX	12/06/2022	S	147,842.39	-	52,429

Page 10 of 13

This is Annexure A of 2 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
UCTGDX	12/08/2022	B	455,177.76	-	156,950
UCTGDX	12/16/2022	S	715,753.40	-	257,491
UCTGDXJ	04/12/2022	S	85,333.97	-	18,965
UCTGDXJ	04/22/2022	S	49,593.02	-	11,894
UCTGDXJ	05/02/2022	S	60,178.06	-	15,198
UCTGDXJ	05/17/2022	S	547,298.36	-	159,383
UCTGDXJ	06/09/2022	B	134,854.18	-	37,665
UCTGDXJ	06/17/2022	S	3,830,748.32	-	1,038,247
UCTGDXJ	06/20/2022	S	85,237.23	-	23,355
UCTGDXJ	06/24/2022	B	115,009.24	-	34,023
UCTGDXJ	08/02/2022	B	87,173.04	-	32,524
UCTGDXJ	08/12/2022	B	77,650.16	-	28,545
UCTGDXJ	08/19/2022	S	86,216.31	-	34,081
UCTGDXJ	09/12/2022	B	151,217.12	-	65,740
UCTGDXJ	09/16/2022	S	365,791.75	-	180,211
UCTGDXJ	10/14/2022	B	175,190.06	-	90,063
UCTGDXJ	10/24/2022	B	60,734.92	-	31,143
UCTGDXJ	10/31/2022	B	114,278.31	-	54,936
UCTGDXJ	11/10/2022	B	400,725.20	-	164,891
UCTGDXJ	11/11/2022	B	155,407.11	-	59,537
UCTGDXJ	11/15/2022	S	26,142.03	-	9,792
UCTGDXJ	11/16/2022	B	284,256.70	-	112,789
UCTGDXJ	11/22/2022	B	79,728.08	-	31,761
UCTGDXJ	11/30/2022	S	167,234.02	-	62,175
UCTGDXJ	12/13/2022	S	232,590.08	-	82,487
UCTGDXJ	12/16/2022	S	1,378,589.23	-	495,945
GRNVAU	03/28/2022	B	1,120.91	-	253
GRNVAU	03/29/2022	S	-	In-Kind	10,742
GRNVAU	03/31/2022	B	63,516.59	-	14,434
GRNVAU	04/04/2022	S	561.22	-	127
GRNVAU	05/03/2022	B	-	In-Kind	5,695
GRNVAU	05/09/2022	S	491.72	-	134
GRNVAU	05/31/2022	S	26,921.35	-	7,011
GRNVAU	06/09/2022	B	1,541.57	-	420
GRNVAU	06/23/2022	S	179.65	-	53
GRNVAU	06/28/2022	S	1,145.40	-	444
GRNVAU	06/29/2022	B	1,785.80	-	744
GRNVAU	06/30/2022	S	3,762.36	-	1,581
GRNVAU	07/22/2022	B	-	In-Kind	5,514
GRNVAU	08/10/2022	S	660.58	-	242
GRNVAU	08/16/2022	B	758.53	-	283
GRNVAU	08/22/2022	B	774.64	-	311
GRNVAU	08/24/2022	B	971.21	-	390

Page 11 of 13

This is Annexure A of 1 page referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
GRNVAU	08/31/2022	S	781.44	-	327
GRNVAU	09/05/2022	B	2,466.28	-	1,096
GRNVAU	09/07/2022	B	1,130.04	-	528
GRNVAU	09/15/2022	S	2,195.40	-	1,026
GRNVAU	09/15/2022	B	-	In-Kind	5,562
GRNVAU	10/18/2022	B	-	In-Kind	5,540
GRNVAU	11/30/2022	S	47,828.20	-	17,780
GRNVAU	12/12/2022	B	-	In-Kind	5,172
UCTGDIG	03/21/2022	B	38,537.88	-	8,737
UCTGDIG	03/23/2022	S	14,394.18	-	3,287
UCTGDIG	03/24/2022	S	39,696.92	-	8,983
UCTGDIG	03/28/2022	B	14,759.28	-	3,331
UCTGDIG	04/06/2022	B	25,061.21	-	5,980
UCTGDIG	04/08/2022	B	13,800.84	-	3,194
UCTGDIG	04/22/2022	B	24,595.41	-	5,897
UCTGDIG	05/03/2022	B	23,059.57	-	5,942
UCTGDIG	05/04/2022	B	32,357.13	-	8,381
UCTGDIG	05/06/2022	B	16,649.22	-	4,369
UCTGDIG	05/25/2022	B	21,071.51	-	5,515
UCTGDIG	06/09/2022	B	20,418.76	-	5,701
UCTGDIG	06/21/2022	S	96,352.33	-	28,015
UCTGDIG	06/21/2022	S	21,199.92	-	6,164
UCTGDIG	06/28/2022	S	127,423.90	-	49,175
UCTGDIG	07/07/2022	S	73,682.06	-	30,707
UCTGDIG	08/05/2022	S	15,924.43	-	5,813
UCTGDIG	08/11/2022	S	37,070.42	-	13,434
UCTGDIG	09/16/2022	S	25,245.89	-	12,442
UCTGDIG	09/29/2022	B	22,524.33	-	11,345
UCTGDIG	12/16/2022	B	29,920.70	-	10,758
GDXAU	05/12/2022	B	8,424,401.13	-	2,441,538
GDXAU	05/13/2022	S	2,108.51	-	614
GDXAU	05/16/2022	S	48,455.56	-	14,008
GDXAU	05/19/2022	B	31,218.86	-	8,917
GDXAU	05/23/2022	B	26,115.57	-	7,018
GDXAU	06/06/2022	B	28,563.74	-	7,718
GDXAU	06/09/2022	S	100,630.12	-	28,116
GDXAU	06/17/2022	B	395,978.94	-	107,306
GDXAU	06/29/2022	S	17,554.01	-	7,316
GDXAU	07/05/2022	B	18,380.24	-	7,322
GDXAU	07/28/2022	B	18,411.60	-	7,304
GDXAU	08/01/2022	B	19,414.42	-	7,324
GDXAU	08/03/2022	B	38,949.93	-	14,638
GDXAU	08/15/2022	B	39,819.87	-	14,636

Page 12 of 13

==> picture [110 x 46] intentionally omitted <==

This is Annexure A of 1 page referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
GDXAU	08/29/2022	B	18,067.19	-	7,621
GDXAU	09/06/2022	B	18,526.64	-	8,381
GDXAU	09/09/2022	B	16,792.68	-	7,363
GDXAU	09/16/2022	S	77,200.90	-	38,030
GDXAU	10/21/2022	S	26,285.55	-	14,524
GDXAU	10/28/2022	B	15,177.01	-	7,261
GDXAU	11/28/2022	B	19,399.49	-	7,265
GDXAU	11/29/2022	B	13,984.19	-	5,237
GDXAU	12/13/2022	S	35,153.07	-	12,467
GDXAU	12/16/2022	S	314,555.17	-	113,155
In-Kind transactions receiveda basket of securities (including EVOLUTION MINING LTD) in exchange for securities.

Page 13 of 13