IONDRIVE LIMITED — Major Shareholding Notification 2020

Jul 20, 2020

604 Page 1 of 3 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme SOUTHERN GOLD LIMITED

ACN/ARSN ACN 107 424 519

1. Details of substantial holder (1)

Name

ACN/ARSN (if applicable)

PS Super Nominee Pty Ltd

119 779 752

There was a change in the interests of the substantial holder on

substantial holder on 16 / 04 / 2020 The previous notice was given to the company on 21 / 10 / 2019 The previous notice was dated 21 / 10 / 2019

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 Securities	10,554,844	12.01%	10,355,003	8.07%
Unlisted Options	9,866,492		9,866,492

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
Per Attachment	PS Super Nominee Pty Ltd	Per Attachment	Per Attachment	Per Attachment	Per Attachment

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
PS Super Nominee Pty Ltd	PS Super Nominee Pty Ltd	PS SUper Nominee Pty Ltd	Ordinary Shares	10,355,003	10,355,003
PS Super Nominee Pty Ltd	PS Super Nominee Pty Ltd	PS Super Nominee Pty Ltd	Unlisted Options	9,866,492

604 Page 2 of 3 15 July 2001

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
PS Super Nominee Pty Ltd	PO Box 278, Saint Marys, NSW 1790

Signature

print name Paul Shadbolt capacity Director sign here date 09 07 2020 / /

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.

• (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 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.

• (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".

604 Page 3 of 3 15 July 2001

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

22/10/2019 ‐ 06/07/2020
Description Code Date Movement Type Confirmation Number Exchange Currency Transaction Price	Quantity Value
SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 3/04/2020 ALT ‐ Miscellaneous Allotment AUD $0.000 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 22/10/2019 PLC ‐ Placement AUD $0.1100 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 19/12/2019 BUY 57309191 AUD $0.1900 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 20/12/2019 BUY 57352923 AUD $0.1800 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 20/12/2019 BUY 57319956 AUD $0.1900 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 23/12/2019 BUY 57371848 AUD $0.1800 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 9/03/2020 BUY 60681859 AUD $0.1050 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 9/03/2020 BUY 60681853 AUD $0.1100 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 23/10/2019 SELL 55227026 AUD $0.2400 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 23/10/2019 SELL 55244086 AUD $0.2450 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 24/10/2019 SELL 55251865 AUD $0.2400 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 25/10/2019 SELL 55326321 AUD $0.2400 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 28/10/2019 SELL 55387168 AUD $0.2400 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 1/11/2019 SELL 55571026 AUD $0.2400 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 1/11/2019 SELL 55571029 AUD $0.2400 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 4/11/2019 SELL 55596738 AUD $0.2450 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 4/11/2019 SELL 55591442 AUD $0.2450 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 7/11/2019 SELL 55783666 AUD $0.2500 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 8/11/2019 SELL 55828237 AUD $0.2500 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 11/11/2019 SELL 55876262 AUD $0.2500 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 18/03/2020 SELL 61670235 AUD $0.1300 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 25/03/2020 SELL 62295479 AUD $0.1300 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 14/04/2020 SELL 63725891 AUD $0.1300 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 14/04/2020 SELL 63735703 AUD $0.1350 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 14/04/2020 SELL 63725885 AUD $0.1300 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 14/04/2020 SELL 63725879 AUD $0.1300 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 15/04/2020 SELL 63804238 AUD $0.1350 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 16/04/2020 SELL 63966095 AUD $0.1350 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 17/04/2020 SELL 64080784 AUD $0.1350 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 20/04/2020 SELL 64192027 AUD $0.1350 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 22/04/2020 SELL 64409784 AUD $0.1350 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 24/04/2020 SELL 64566440 AUD $0.1350 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 27/04/2020 SELL 64654786 AUD $0.1350 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 28/04/2020 SELL 64743017 AUD $0.1400 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 28/04/2020 SELL 64674916 AUD $0.1400 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 8/05/2020 SELL 65528811 AUD $0.1400 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 11/05/2020 SELL 65642485 AUD $0.1400 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 15/05/2020 SELL 65983902 AUD $0.1400 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 18/05/2020 SELL 66038491 AUD $0.1500 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 18/05/2020 SELL 66032606 AUD $0.1500 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 18/05/2020 SELL 66003425 AUD $0.1400 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 22/05/2020 SELL 66441800 AUD $0.1750 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 29/06/2020 SELL 69124929 AUD $0.1300 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 1/07/2020 SELL 69363134 AUD $0.1400 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 1/07/2020 SELL 69289358 AUD $0.1300 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 2/07/2020 SELL 69452104 AUD $0.1400 SOUTHERN GOLD LIMITED ORDINARY FULLY PAI SAU.ASX 3/07/2020 SELL 69538559 AUD $0.1400 issued bought sold @ 06‐07‐2020	2,500,000 $0.00 2,000,000 $220,000.00 2,500,000 47,165 $8,961.35 3,654 $657.72 17,000 $3,230.00 20,222 $3,639.96 74,152 $7,785.96 85,123 $9,363.53 247,316 ‐14,512 ‐$3,482.88 ‐1,383 ‐$338.84 ‐4,500 ‐$1,080.00 ‐2,588 ‐$621.12 ‐10,002 ‐$2,400.48 ‐3,119 ‐$748.56 ‐119,000 ‐$28,560.00 ‐58,583 ‐$14,352.84 ‐154,617 ‐$37,881.17 ‐29,340 ‐$7,335.00 ‐138,660 ‐$34,665.00 ‐140,540 ‐$35,135.00 ‐130,413 ‐$16,953.69 ‐45,845 ‐$5,959.85 ‐247,366 ‐$32,157.58 ‐9,710 ‐$1,310.85 ‐156,000 ‐$20,280.00 ‐33,742 ‐$4,386.46 ‐276,290 ‐$37,299.15 ‐10,209 ‐$1,378.22 ‐11,296 ‐$1,524.96 ‐12,500 ‐$1,687.50 ‐13,747 ‐$1,855.85 ‐40,003 ‐$5,400.41 ‐39,329 ‐$5,309.42 ‐301 ‐$42.14 ‐19,699 ‐$2,757.86 ‐5,000 ‐$700.00 ‐12,000 ‐$1,680.00 ‐213,250 ‐$29,855.00 ‐392,476 ‐$58,871.40 ‐265,789 ‐$39,868.35 ‐96,233 ‐$13,472.62 ‐10,853 ‐$1,899.28 ‐50,436 ‐$6,556.68 ‐28,000 ‐$3,920.00 ‐126,897 ‐$16,496.61 ‐15,607 ‐$2,184.98 ‐7,322 ‐$1,025.08 ‐2,947,157 10,554,844 2,500,000 247,316 ‐2,947,157 10,355,003

@ 21/10/2019