HELIX RESOURCES LIMITED — Major Shareholding Notification 2021

May 27, 2021

Form 605

Corporation Act 2001 Section 671B

Notice of ceasing to be a substantial shareholder

To: Company Name/Scheme ACN/ARSN	Helix Resources Limited ACN 009 138 738
1. Details of substantial holder Name	Yandal Investments Pty Ltd
ACN/ARSN (if applicable)	ACN 070 684 810
The holder ceased to be a substantial holder on	26/05/2021
The previous notice was given to the company on	08/06/2020
The previous notice was dated	08/06/2020

2. Changes in relevant changes

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:

				$\sim$ 1998. To span on to give a capacidation holding Houce to the opinionly	of softente die da iuliuma.
Date of	Person whose relevant interest	Nature of	Consideration	Class (6) and number of	Person's votes
change	changed	change $(4)$	aiven in relation to change $(5)$	securities affected	affected
26.05.2021	Yandal Investments Pty Ltd	Participation in Share Placement	\$200,000.02	7,407,408 Ordinary Shares	7,407,408
10.07.2020	Yandal Investments Pty Ltd	Participation in Non- Renounceable Share Issue	\$102,737.14	14,676,734 Ordinary Shares	14,676,734

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	Nature
N/A _________	_________ the contract of the contract of the contract of the contract of the contract of

4. Addresses

The addresses of persons named in this form are:

Name
Yandal Investments Pty Ltd	PO Box 1492, West Perth WA 6872

Signature

name Mark Gareth Creasy

Capacity Sole Director & Secretary

signature

U.C. Conca on Date 28 May 2021

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 4 of

the form.

(2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

(3) See the definition of "associate" in section 9 of the Corporations Act 2001.

$(4)$ 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 anv

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.

(5) 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.

(6) The voting shares of a company constitute one class unless divided into separate classes.

(7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.