LEFROY EXPLORATION LIMITED — Major Shareholding Notification 2019

Nov 27, 2019

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Lefroy Exploration 111
ACN/ARSN	052123930
1. Details of substantial holder (1) Name	$N_{oon}/J_{o}$ / $\frac{1}{33}$ / $\frac{1}{439}$ 817
ACN/ARSA-(ff-applicable)
The holder became a substantial bolder on	22/11/19

2. Details of 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 on the date the substantial holde

Class of securities (4)	Number of securities	Person's votos (5)	Volling power {6}
m.	ሬገት 1O. ۰.	62 A-
-----------------

3. Details of rolevant Interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest		Nature of relevant Interest (7)	Class and number of securities
	$ $ Nosotide livestrants $ $ d	Shueholder	$5.212.634$ Ordinary

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant Interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
Noonlide Inductive	1 JP Margan Nonnaes	1 Je Morgon November	218.63
	Auskab, L1J	Australia (1)	O(d, max)

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant Interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash.
	$1$ $\sqrt{2}$

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable).	Nature of association
		$\sim$ $-$

7. Addresses

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

$-1$ Name	Address
. $l$ nextments $Ll$ Noontde	T $z_{\circ}$ Level	Merlin Place	Judney NSW 2000

Signature

print name $\int_{\mathbf{a}} J_{\mathbf{a}} d$ Gold	capacity Director
sign here $\sim$ 1 // مرس	date $2q / N \rightarrow N$

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 $\langle 1 \rangle$ 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 7 of the form.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes $\langle 4 \rangle$
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant $(S)$ interest in.
• The person's votes divided by the total votes in the body corporate or schemo multiplied by 100. $(6)$
• $\left(\prime\right)$ Include details of:
• any relevant agreement or other circumstances by which the relevant Interest was acquired. If subsection 671B(4) applies, a copy of any document selling out $\langle d \rangle$ 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 of the securities to $(b)$ which the relevant interest rolates (indicating clearly the particular socurities to which the qualification applies).

See the definition of "rolevant agreement" in scotion 9 of the Corporations Act 2001.

• If the substantial holder is unable to determine the identity of the person (eg. if the relovant interest arises because of an option) write "unknown". $\left( 8 \right)$
• 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 $\langle 0 \rangle$ 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.

Noontide Investments Ltd (ACN 133 438 817) Annexure A to Form 603 for Lefroy Exploration Ltd

Holder of Relevant Interests.

Date of	Person whose	Nature of	Consideration	Class and	Persons votes
change	relevant	change	given in	number of	affected.
	interest		relation to	securities
	changed		change	affected.
29/08/19	Noontide	Purchase	\$10,033.00	50,000 FPO	50,000
	Investments
	Ltd
	"Noontide"
27/09/19	Noontide	Purchase	\$64,063.57	296,714 FPO	296,714
30/09/19	Noontide	Purchase	\$8,258.97	41,159 FPO	41.159
01/10/19	Noontide	Purchase	\$12,466.41	62,127 FPO	62,127
21/11/19	Noontide	Purchase	\$20,066.00	100,000 FPO	100,000
22/11/19	Noontide	Purchase	\$80,264.00	400,000 FPO	400,000

ŀ.

This is Annexure A referred to in Form 603 'Notice of initial substantial shareholder'

$\sim$ $\sim$

David Croll

Director Noontide Investments Ltd 28^th November 2019

$\label{eq:2} \frac{1}{2} \int_{\mathbb{R}^3} \frac{1}{\sqrt{2}} \, \mathrm{d} \mu \, \mathrm{d} \mu \, \mathrm{d} \mu \, \mathrm{d} \mu \, \mathrm{d} \mu \, \mathrm{d} \mu \, \mathrm{d} \mu \, \mathrm{d} \mu \, \mathrm{d} \mu \, \mathrm{d} \mu \, \mathrm{d} \mu \, \mathrm{d} \mu \, \mathrm{d} \mu \, \mathrm{d} \mu \, \mathrm{d} \mu \, \mathrm{d} \mu \, \mathrm{d} \mu \, \mathrm{d} \mu \, \mathrm{d} \mu \, \mathrm{d} \mu \, \mathrm$ $\label{eq:2.1} \mathcal{L}(\mathcal{L}(\mathcal{L})) = \mathcal{L}(\mathcal{L}(\mathcal{L})) = \mathcal{L}(\mathcal{L}(\mathcal{L})) = \mathcal{L}(\mathcal{L}(\mathcal{L})) = \mathcal{L}(\mathcal{L}(\mathcal{L})) = \mathcal{L}(\mathcal{L}(\mathcal{L})) = \mathcal{L}(\mathcal{L}(\mathcal{L})) = \mathcal{L}(\mathcal{L}(\mathcal{L})) = \mathcal{L}(\mathcal{L}(\mathcal{L})) = \mathcal{L}(\mathcal{L}(\mathcal{L})) = \mathcal{L}(\mathcal{L}(\mathcal{L})) = \math$

$\label{eq:2.1} \mathcal{L}(\mathcal{L}(\mathcal{L}))=\mathcal{L}(\mathcal{L}(\mathcal{L}))=\mathcal{L}(\mathcal{L}(\mathcal{L}))=\mathcal{L}(\mathcal{L}(\mathcal{L}))=\mathcal{L}(\mathcal{L}(\mathcal{L}))=\mathcal{L}(\mathcal{L}(\mathcal{L}))=\mathcal{L}(\mathcal{L}(\mathcal{L}))=\mathcal{L}(\mathcal{L}(\mathcal{L}))=\mathcal{L}(\mathcal{L}(\mathcal{L}))=\mathcal{L}(\mathcal{L}(\mathcal{L}))=\mathcal{L}(\mathcal{L}(\mathcal{L}))=\mathcal{L}(\mathcal{L}(\$

$\label{eq:2.1} \frac{1}{\sqrt{2}}\int_{\mathbb{R}^3}\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2.$ $\mathcal{L}{\text{max}}$ and $\mathcal{L}{\text{max}}$

$\label{eq:2.1} \frac{1}{\sqrt{2}}\int_{\mathbb{R}^3}\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}$

$\label{eq:2.1} \frac{1}{\sqrt{2}}\int_{\mathbb{R}^3}\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^2\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}\frac{1}{\sqrt{2}}$

$\label{eq:2.1} \frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\frac{1}{\sqrt{2}}\right)^{2} \left(\$ $\label{eq:2.1} \mathcal{L}(\mathcal{L}^{\text{max}}{\mathcal{L}}(\mathcal{L}^{\text{max}}{\mathcal{L}})) \leq \mathcal{L}(\mathcal{L}^{\text{max}}{\mathcal{L}}(\mathcal{L}^{\text{max}}{\mathcal{L}}))$ $\label{eq:2.1} \frac{1}{\sqrt{2}}\int_{\mathbb{R}^3}\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\int_{\mathbb{R}^3}\frac{1}{\sqrt{2}}\left(\frac{1}{\sqrt{2}}\int_{\mathbb{R}^3}\frac{1}{\sqrt{2}}\right)\frac{1}{\sqrt{2}}\right)\frac{1}{\sqrt{2}}\,d\mu\,d\mu\,d\mu\,d\mu\,d\mu\,d\mu\,d\mu\,d\$

$\mathcal{L}^{\text{max}}{\text{max}}$ and $\mathcal{L}^{\text{max}}{\text{max}}$ $\mathcal{A}^{\mathrm{c}}$ and $\mathcal{A}^{\mathrm{c}}$