LATITUDE 66 LIMITED — Major Shareholding Notification 2012

Dec 26, 2012

Korea Zinc Co., Ltd.

TEL: +82-2-519-3485

FAX: +82-2-519-3450

HEAD OFFICE NONHYON-DONG 142 GANGNAM-KU, SEOUL, KOREA

December 24, 2012

Company Announcements Officer Australian Stock Exchange Limited Exchange Center 20 Bridge Street SYDNEY, NSW, 2000.

Dear Sir/Madam

Notice of Change in substantial holding

We enclose ASIC Form 604 in accordance with section 671B of the Corporations Act 2001. This notice has been given to Syndicated Metals Limited.

Your sincerely

e de la compa

Ki Deok Park Director Planning & Strategies Team Korea Zinc Co., Ltd.

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

.
IQ Company Name/Scheme	Syndicated Metals Limited.
ACN/ARSN	115 768 986

1. Details of substantial holder(1)

Name ACN/ARSN (il applicable)

Korea Zinc Company Ltd.

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

The previous notice was given to the company on The previous notice was dated

$201$

2. Previous and present voting power

(3) The rotal 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
Ordinary	Person's votes 13,600,000	Voting power (6) 13.04%	Person's votes 13,600.000	Voting power (5) 8.00%
				7. Million

The company issued its shares and the number of shares were increased

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 schome, 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

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of	Registered	Person entitled	Nature of	Class and	Person's votes
relevanti	holder of	to be registered.	relevant	number of
morest	SOCUr Ities	as hotder (8).	merest (6).	securities.
Colvell Learery Australia Pt. Ltd Sun Metals Australia Pty Utd			Holder Registere Registered Holder	orp 7,600,000 6.000, 000	7.600,000 000.000 ٥.

$D$ -tabor

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have clanged 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) COMMAND	Nature of association

6. Addresses

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

Name	Address
Colwell Kemedy Australia Pty lød	Zirc Arenue	Townsville, QLD 4811 Strorf Australia
LH. Sun Metals - Corporation Ply. .		Zinc Avenue Stuart, Tounsville, QLD 4811 Australia

Signature

	print name Eur Ryung Lee	President capacity
sign here	ai Rums, In	date $24/12/20/2$

DIRECTIONS

• 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 $(1)$ 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 sotting 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
• $(h)$ 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, becomic ontitled to receive in relation to that acquisition. Details must be included oven if the henefit 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 adquired.
• $(6)$ If the substantial holder is unable to dotormine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $\left(\Theta\right)$