IRON BEAR RESOURCES LTD — Major Shareholding Notification 2010

Jun 24, 2010

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme DMC MINING LIMITED (” DMC ”)

ACN/ARSN 121 513 620

1. Details of substantial

holder(1)

CAPE LAMBERT RESOURCES LIMITED (“ CAPE LAMBERT ”), DEMPSEY RESOURCES PTY LTD (“ DEMPSEY ”) Name AND EACH ENTITY LISTED ON ATTACHED ANNEXURE “A” (“ SUBSIDIARIES ”) ACN/ARSN (if applicable) 095 047 920 (Cape Lambert), 100 305 486 (Dempsey) and Refer to Annexure “A”

There was a change in the interests of the 24 / 06 / 10 substantial holder on

The previous notice was given to the company 24/ 06 / 10 on The previous notice was dated 24 / 06 / 10

2. Previous and present voting power

Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person’svotes	Voting power(5)	Person’svotes	Voting power(5)
Ordinary Fully Paid	42,452,280	46.72%	54,728,586	60.23% based on 90,867,867 shares on issue

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
24/06/10	Cape Lambert, Dempsey and Subsidiaries	Acceptances received by Cape Lambert pursuant to an off-market takeover bid for all the ordinary shares in DMC.	Consideration payable on the terms of the offer set out in the Bidder’s Statement dated 7 April 2010 and as varied ($0.53 per ordinary share).	12,276,306 ordinary fully paid shares	12,276,306

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
Cape Lambert	Accepting ordinary shareholders	Cape Lambert	Relevant interest under s608(1) of the Corporations Act 2001 as a result of acceptances received under Cape Lambert’s off-market takeover bid for DMC.	23,968,586 ordinary fully paid shares	23,968,586
Cape Lambert	Dempsey	Dempsey	Relevant interest under s608(3) of the Corporations Act 2001 as it controls Dempsey.	30,760,000 ordinary fully paid shares	30,760,000

Registered holder of the 30,760,000 30,760,000 shares. ordinary fully paid shares

Dempsey

Dempsey

Dempsey

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:

==> picture [378 x 21] intentionally omitted <==

----- Start of picture text -----

Name and ACN/ARSN (if applicable) Nature of association
N/A N/A
----- End of picture text -----

6. Addresses

The addresses of persons named in this form are:

==> picture [403 x 30] intentionally omitted <==

----- Start of picture text -----

Name Address
Cape Lambert, Dempsey and C/- 18 Oxford Close, LEEDERVILLE WA 6007
Subsidiaries
----- End of picture text -----

==> picture [539 x 341] intentionally omitted <==

----- Start of picture text -----

Signature
ELOISE VON PUTTKAMMER capacity Company Secretary
print name
sign here date 25 / 06 / 2010
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”.
(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.
----- End of picture text -----

• (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”.

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

This is Annexure “A” of 2 pages to the Form 604 dated 25 June 2010.

ELOISE VON PUTTKAMMER Company Secretary

Details of subsidiaries of Cape Lambert Resources Limited

Company	Countryof incorporation	ACN/CompanyNo.
Algarrobo Holdings (BVI) Limited	British Virgin Islands	669079
Allied Mining Pty Ltd	Australia	097 479 420
Andalucla Mineral Services Limited	England
Austalian Ferroalloys Pty Ltd	Australia	095 682 643
Australis Exploration Limited	Australia	125 939 291
Buka Minerals(Lady Loretta No.2) Pty Ltd	Australia	064 048 497
Buka Minerals Pty Limited	Australia	000 741 373
Buka Technologies Pty Ltd	Australia	077 189 096
Cape Lambert Lady Loretta Pty Ltd	Australia	140 426 384
Cape Lambert Leichhardt Pty Ltd	Australia	140 474 693
Cape Lambert MinSec Pty Ltd	Australia	136 930 204
CopperCo Minerals Pty Ltd	Australia	079 361 407
Copperwell Pty Ltd	Australia	009 398 725
Cuesta Resources(BVI) Limited	British Virgin Islands	669078
Danae Resources Pty Limited	Australia	009 173 880
Dempsey Resources Pty Ltd	Australia	100 305 486
Evanston Resources NL	Australia	067 702 452
Goodwest Investments Pty Ltd	Australia	097 126 773
Greenwich Resources a.s.(Czech Republic)	Czech Republic	630 79 143
International Goldfields(Romania) Limited	Australia	091 744 437
Kadina Pty Limited	Australia	009 633 096
Kyprou Gold Limited	England	3226395
Lady Annie Limited	British Virgin Islands	1546805
Manor Resources NL	Australia	009 280 086
Millennium Minerals(Operations) Pty Ltd	Australia	077 507 521
Mineral Securities(China) Pty Ltd	Australia	109 470 644
Mineral Securities(NK) Pty Ltd	Australia	111 364 562
Mineral Securities(SA) P/L	South Africa	2002/024855/07
Mineral Securities(UK) Ltd	England	1862971
Mineral Securities Holdings Pty Ltd	Australia	092 525 614
Mineral Securities Hong Kong (NK) Limited	HongKong	925294
Mineral Securities Investments(Australia) Pty Ltd	Australia	125112325
Mineral Securities Limited	British Virgin Islands	1390447
Mineral Securities Operations Limited	Australia	091 158 593
Minsec Investment Holdings (BVI) Limited	British Virgin Islands
Minsec Investments(BVI) Limited	British Virgin Islands	1390446
Marampa Iron Ore Limited	Bermuda

Mojo Mining Pty Ltd	Australia	120 213 005
MS Corporate Director Limited	England	5972828
MS Corporate Secretary Limited	England	5972837
Mt Anketell Pty Ltd	Australia	111 501 672
Multiplex Development Zarmitan Limited	England	4321659
Platmin Holdings Pty Ltd	Australia	117 927 965
Q Copper(BVI) Limited	British Virgin Islands	1546808
Q Copper Australia Limited	Australia	140 409 454
Scarborough Minerals(Australia) Pty Ltd	Australia	119 248 243
Scarborough Minerals(Finance) Limited	England	2671151
Scarborough Minerals International BV	Netherlands
Scarborough Minerals Overseas Holdings Limited	England	2198202
Scarborough NL	Australia	008 744 714
Sierra Explorations SA	Chile
Sierra Minerals Limited	England	5463068
Thrace Investments BV	Netherlands
Thrace Minerals Exploration and Mining SA	Greece