IGO LIMITED — Major Shareholding Notification 2018

Oct 30, 2018

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Independence Group NL ("IGO")
ACN/ARSN	092 786 304
1. Details of substantial holder(1)
Name	Mark Gareth Creasy, Yandal Investments Pty Ltd (ACN 070 684 810), FraserX Pty Ltd (ACN 099 488 114),
	Ponton Minerals Pty Ltd (ACN 108 313 024), Lake Rivers Gold Pty Ltd (ACN 122 986 681), XNi Pty Ltd
	(ACN135 880 821 and Free CI Pty Ltd (ACN 147 090 542)
ACN/ARSN (if applicable)	As above
There was a change in the interests of the substantial holder on	26/10/2018
The previous notice was given to the company on	5/08/2016
The previous notice was dated	5/08/2016

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		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary Shares	95,562,917	16.52%	90,941,075	15.40%

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 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
29/08/2016	Yandal Investments Pty Ltd	Non-Participation in the Share Purchase Plan	N/A	N/A	N/A
29/08/2016	Ponton Minerals Pty Ltd	Non-Participation in the Share Purchase Plan	N/A	N/A	N/A
29/08/2016	Lake Rivers Gold Pty Ltd	Non-Participation in the Share Purchase Plan	N/A	N/A	N/A
29/08/2016	Free CI Pty Ltd	Non-Participation in the Share Purchase Plan	N/A	N/A	N/A
29/08/2016	FraserX Pty Ltd	Participation in the Share Purchase Plan	N/A	N/A	N/A
10/11/2016	Yandal Investments Pty Ltd	On-Market Sale	\$4,900,000	1,000,000 ordinary shares	1,000,000 ordinary shares
15/08/2017	Yandal Investments Pty Ltd	On-Market Sale	\$5,313,917.80	1,562,917 ordinary	1,562,917 ordinary

				shares
18/12/2017	Yandal Investments Pty Ltd	On-Market Sale	\$1,437,945.96	330,000 Ordinary shares	shares
					330,000 ordinary
19/12/2017	Yandal Investments Pty Ltd	On-Market Sale	\$2,854,623.11		shares
				656,218 ordinary shares	656,218 ordinary
6/02/2018	Yandal Investments Pty Ltd	On-Market Sale	\$2,511,048.78		shares
				533,782 ordinary shares	533,782 ordinary
13/07/2018	Ponton Minerals Pty Ltd	Shares issued as part			shares
		consideration to earn	\$5,496,961	1,082,079 ordinary	1,082,079 ordinary
		a 70% managing		shares	shares
		interest in the
		Southern Hills
		tenements as per the
		ASX announcement
		dated 3 July 2018
13/07/2018	XNi Pty Ltd	Shares issued as part	\$10,227,712	2,013,329 ordinary	2,013,329 ordinary
		consideration to earn		shares	shares
		a 70% managing
		interest in the
		Southern Hills
		tenements as per the
		ASX announcement
23/08/2018	Yandal Investments Pty Ltd	dated 3 July 2018
		On-Market Sale	\$1,875,513.65	451,931 ordinary shares	451,931 ordinary shares
24/08/2018	Yandal Investments Pty Ltd	On-Market Sale	\$231,453.20	56,452 ordinary shares	56,452 ordinary shares
27/08/2018	Yandal Investments Pty Ltd	On-Market Sale	\$2,041,474.01	491,617 ordinary shares	491,617 ordinary
					shares
28/08/2018	Yandal Investments Pty Ltd	On-Market Sale	\$1,983,323.86	460,748 ordinary shares	460,748 ordinary
					shares
06/09/2018	Yandal Investments Pty Ltd	On-Market Sale	\$318,690.63	79,375 ordinary shares	79,375 ordinary shares
07/09/2018	Yandal Investments Pty Ltd	On-Market Sale	\$202,887.80	50,269 ordinary shares	50,269 ordinary shares
12/09/2018	Yandal Investments Pty Ltd	On-Market Sale	\$132,040.50	32,205 ordinary shares	32,205 ordinary shares
13/09/2018	Yandal Investments Pty Ltd	On-Market Sale	\$354,027.25	85,031 ordinary shares	85,031 ordinary shares
14/09/2018	Yandal Investments Pty Ltd	On-Market Sale	\$1,694,948.83	398,743 ordinary shares	398,743 ordinary
					shares
19/09/2018	Yandal Investments Pty Ltd	On-Market Sale	\$212,418.00	47,204 ordinary shares	47,204 ordinary shares
21/09/2018	Yandal Investments Pty Ltd	On-Market Sale	\$1,947,759.81	421,833 ordinary shares	421,833 ordinary
					shares
24/09/2018	Yandal Investments Pty Ltd	On-Market Sale	\$800,180.22	174,500 ordinary shares	174,500 ordinary
					shares
26/10/2018	FreeCl Pty Ltd	On-Market Sale	\$3,461,443.11	863,981 ordinary shares	863,981 ordinary
26/10/2018	FreeCl Pty Ltd				shares
		On-Market Sale	\$81,676.01	20,444 ordinary shares	20,444 ordinary shares

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
Mark Gareth Creasy and Yandal Investments Pty Ltd	Yandal Investments Pty Ltd	Yandal Investments Pty Ltd	Registered holder	42,421,310 ordinary shares	7.18%
Mark Gareth Creasy and Yandal Investments Pty Ltd	Ponton Minerals Pty Ltd	Ponton Minerals Pty Ltd	Registered holder	12,046,611 ordinary shares	2.04%
Mark Gareth Creasy and Yandal Investments Pty Ltd	Lake Rivers Gold Pty Ltd	Lake Rivers Gold Pty Ltd	Registered holder	10,964,531 ordinary shares	1.86%
Mark Gareth Creasy and Yandal Investments Pty Ltd	Free CI Pty Ltd	Free CI Pty Ltd	Registered holder	10,080,106 ordinary shares	1.71%
Mark Gareth Creasy	FraserX Ptv Ltd	FraserX Pty Ltd	Registered holder	13,415,188 ordinary shares	2.27%
Mark Gareth Creasy and Yandal Investments Pty Ltd	XNi Pty Ltd	XNi Pty Ltd	Registered holder	2,013,329 ordinary shares	0.34%

1. 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 c

Name and ACN/ARSN (if applicable)	Nature of association
N/A

6 Addresses

The addresses of persons named in this form are:

Name	Address
Yandal Investments Pty Ltd Level11, 216 St. Georges Terrace, Perth WA
Ponton Minerals Pty Ltd Level11, 216 St. Georges Terrace, Perth WA
Lake Rivers Gold Pty Ltd	Level11, 216 St. Georges Terrace, Perth WA
Free CI Pty Ltd Level11, 216 St. Georges Terrace, Perth WA
FraserX Pty Ltd	Level11, 216 St. Georges Terrace, Perth WA
XNi Pty Ltd	Level11, 216 St. Georges Terrace, Perth WA

Signature

Mark Gareth Creasy print name

capacity Sole Director/Secretary

sian here

Wilman

30 October 2018

Date

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the $(1)$ 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.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• Include details of: $(6)$
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, $(a)$ 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
• 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 $(b)$ 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.

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, $(7)$ 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.
• 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". $(8)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$