HAWK RESOURCES LIMITED. — Major Shareholding Notification 2018

Jan 4, 2018

603 page 1/2 15 July 2001

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme Alderan Resources Limited ACN/ARSN 165 079 201 1. Details of substantial holder (1) Name Belgrave Capital Management Limited ( BCM ) and Nicolaus Heinen ACN/ARSN (if applicable) The holder became a substantial holder on 22 / 05 / 2017 .

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Persons’ votes (5)	Voting power (6)
Ordinary shares	31,501,583	31,501,583	29.18%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

==> picture [407 x 124] intentionally omitted <==

----- Start of picture text ----- Holder of relevant interest Nature of relevant interest (7) Class and number of securitiesBelgrave Capital ManagementLimited Registered holderMr Heinen holds a relevant interest inthese shares by reason of hisassociation with BCM, through his30,769,082 ordinary sharescapacity as agent for BCM.Nicolaus HeinenMr Heinen does not hold any sharesnor does he hold any beneficialinterest in BCM.Nicolaus Heinen Registered holder 732,501 ordinary shares----- End of picture text -----

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant	Registered holder of	Person entitled to be	Class and	number of
interest	securities	registered as holder (8)	securities
Belgrave CapitalManagementLimitedNicolaus Heinen	Belgrave CapitalManagement Limited	Belgrave Capital ManagementLimited	30,769,082 ordinaryshares
Nicolaus Heinen	Nicolaus Heinen	Nicolaus Heinen	732,501	ordinary shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevantinterest	Date of acquisition	Consideration (9)	Consideration (9)	Class and number ofsecurities
		Cash	Non-cash
Belgrave CapitalManagementLimited	17/02/2014 to15/06/2017	$745,675		30,769,082 ordinary shares
Nicolaus Heinen
Nicolaus Heinen	22/05/2017	$133,000		665,000 ordinary shares
Nicolaus Heinen	27/09/2016	$67,501		67,501 ordinary shares

603 page 2/2 15 July 2001

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable) Nature of association Mr Heinen is an associate of BCM and therefore holds a relevant interest in those ordinary shares held by BCM by Nicolaus Heinen reason of his capacity as agent for BCM. Mr Heinen does not hold any shares nor does he hold any beneficial interest in BCM.

7. Addresses

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

	Name	Address
	Belgrave Capital Management Limited	Grosvenor House, 66-67 Athol Street, Douglas, Isle of Man
	Nicolaus Heinen	C/- Ground Floor, 16 Ord Street, West Perth WA 6005
Signature
	print nameNicolaus Heinen	capacity In his own capacity and as agent for Belgrave
		Capital ManagementLimited
	sign here
		date 28 / 12 / 17
		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 7 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 total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an
	associate has a relevant interest in.
(6)	The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.
(7)	Include details of:
	(a)any relevant agreement or other circumstances by which the relevant interest was acquired. 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.
(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)	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 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.