IMAGE RESOURCES NL — Major Shareholding Notification 2022

Mar 21, 2022

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

Image Resources NL

ACN/ARSN

063 977 579

1. Details of substantial holder (1)

Name

ACN/ARSN (if applicable)

Murray Zircon Pty Ltd (“Murray Zircon”) together with Orient Zirconic Resources (Australia) Pty Ltd (“OZR”), Guangdong Orient Zirconic Ind. Sci. Tech. Co. Ltd. (“OZC”), XQ (HK) Enterprises Limited (“XQ (HK)”) and Lomon Billions Group Co., Ltd (“LB Group”)

147 048 744

There was a change in the interests of the substantial holder on 21 / 03 / 2022 The previous notice was given to the company on 19 / 01 / 2022 The previous notice was dated 19 / 01 / 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)
Ordinary	232,409,537	22.99%	201,409,537	19.44%

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
21/03/2022	OZR	Disposal of 31,000,000 ordinary shares	$8,060,000	Ordinary – 31,000,000	OZR

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
Murray Zircon	Murray Zircon	Murray Zircon	Holder	Ordinary – 151,902,001	151,902,001
OZR	Murray Zircon	Murray Zircon	Under section 608(3)(b) of the_Corporations Act 2001_ Cth (Act)	Ordinary – 151,902,001	151,902,001

OZC	Murray Zircon	Murray Zircon	Under section 608(3)(b) of the Act	Ordinary – 151,902,001	151,902,001
XQ (HK)	Murray Zircon	Murray Zircon	Under section 608(3)(a) of the Act	Ordinary – 151,902,001	151,902,001
LB Group	Murray Zircon	Murray Zircon	Under section 608(3)(a) of the Act	Ordinary – 151,902,001	151,902,001
OZR	OZR	OZR	Holder	Ordinary – 49,507,536	49,507,536
OZC	OZR	OZR	Under section 608(3)(b) of the Act	Ordinary – 49,507,536	49,507,536
LB Group	OZR	OZR	Under section 608(3)(a) of the Act	Ordinary – 49,507,536	49,507,536

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
-	N/A

6. Addresses

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

Name	Address
MurrayZircon PtyLtd	Unit 27,Level 4,55 Gawler Place,Adelaide SA 5000
XQ (HK) Enterprises Limited	Room 1005, 10/F Tower 1, South Seas Centre, 75 Mody Road, Tsim Sha Tsui East Hong Kong, Hong Kong
Orient Zirconic Resources (Australia) Pty Ltd	Unit 27, Level 4, 55 Gawler Place, Adelaide SA 5000
Guangdong Orient Zirconic Ind. Sci. Tech Co. Ltd	Guangdong Province, Lai Mei Road, Chenghai area in Shantou City, Uda Technology Park
Lomon Billions Group Co., Ltd.	Zhongzhan District, Jiaozuo City, Henan Province, PRC China

Signature

print name Peizhe Li capacity Director sign here date 22 / 03 / 2022