LEFROY EXPLORATION LIMITED — Major Shareholding Notification 2018

Aug 30, 2018

Resource Capital Funds Management Pty Ltd Level $\overline{3}$ , 24 Kings Park Road West Perth WA 6005 Australia

Telephone: +61 8 9476 1900 Facsimile: +61 8 9485 2779 e-mail: ref(@ref)p.com www.resourcecapitalfunds.com

From :	Miriam Sharp
Pages :	٦
Date :	August 31, 2018
Copy :	Company Secretary
	James Beecher
	Fax: 02 8314 5555

NOTICE OF CEASING TO BE A SUBSTANTIAL HOLDER

Resource Capital Fund VI LP lodges the attached Form 605 in relation to Lefroy Exploration Limited.

Yours faithfully

Miriam Sharp

RESOURCE CAPITAL FUNDS $_{\alpha}$

$To:$ Company Announcements Fax No: 1300 135 638 Company: ASX Announcements

FORM 605 Subject:

1. Aug. 2018 12:09

. . . . . . . . . . . . . . . . . . . .

No. 11/2 P. 2
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			605	page 1/2	15 July 2001
		Form 605
		Corporations Act 2001 Section 671B
		Notice of ceasing to be a substantial holder
Company Name/Scheme To		LEFROY EXPLORATION LIMITED
ACN/ARSN	052 123 930
1. Details of substantial holder (1)		RESOURCE CAPITAL FUND VI L.P. ("RCF VI")
Name ACN/ARSN (if applicable)
The holder ceased to be a substantial holder on		31/06/2018
The previous notice was given to the company on		13/07/2018
The previous notice was dated		13/07/2018

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) In voting securities of the company or scheme, since the substantial holder was last required

Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change (5)	______ Class (6) and number of securities affected	Person's voted affected
31/08/2018	RCF VI	On Market Sales	A\$1.012.500.00	FULLY PAID ORDINARY SHARES -6.750.000	$-6,750,000$

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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

4. Addresses

The addresses of persons named in this form are as follows:
Address Name
RCVVI MERRILL LYNCH (AUSTRALIA) NOMINEES PTY LIMITED			1400 SIXTEENTH STREET, SUITE 200, DENVER CO 80202, USA LEVEL 19, 120 COLLINS STREET, MELBOURNE VIC 3000, AUSTRALIA
	$\sim$
Signature
print name	CHRIS CORBETT		Capacity AUTHORISED OFFICER
sign here			date 31/08/2018

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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 4 of the form.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(2)$
• $(3)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• Include details of: $(4)$
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) $(e)$ 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
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal $(b)$ 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.

• Detalls 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 m $(5)$ 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.
• The voting shares of a company constitute one class unless divided into separate classes. $(C)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(7)$