MINERAL COMMODITIES LTD — Major Shareholding Notification 2012

Nov 1, 2012

603 page 1/2 15 July 2001

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme

MINERAL COMMODITIES LIMITED

ACN/ARSN

39 008 478 653

1. Details of substantial holder (1)

Name

AU MINING LIMITED

ACN/ARSN (if applicable)

The holder became a substantial holder on

30 /10 / 2012

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 holder became a substantial holder are as follows:

Classof securities(4)	Number of securities	Person's votes(5)	Voting power (6)
ORD	54,527,000	54,527,000	19.9%

3. Details of relevant 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:

llows:
Holder ofrelevantinterest	Nature ofrelevantinterest(7)	Classand number of securities
AU MINING LIMITED "AU"	AU beneficially owns fully paid ordinary shares	54,527,000

4. Details of present registered holders

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

Holder ofrelevantinterest	Registered holder ofsecurities	Person entitledto beregistered asholder (8)	Classand numberof securities
AU MINING LIMITED	HSBC Custody Nominees (Australian) Limited	AU MINING LIMITED	54,527,000 ORD

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 ofrelevantinterest	Date ofacquisition	Consideration (9)	Consideration (9)	Classand numberof securities
		Cash	Non-cash
AU MINING LIMITED	30 OCTOBER 2012	$0.085 PER SH	ARE	54,527,000 ORD

603 page 2/2 15 July 2001

6. Associates

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

Name and ACN/ARSN (ifapplicable)Nature ofassociation7. AddressesThe addressesofpersonsnamed inthis form are as follows:NameAddressAU MINING LIMITED55 MARINE PARADE, EASTBOURNE, LOWER HUTT, 5013NEW ZEALAND	Name and ACN/ARSN (ifapplicable)	Nature ofassociation
	Name	Address
	AU MINING LIMITED	55 MARINE PARADE, EASTBOURNE, LOWER HUTT, 5013
		NEW ZEALAND

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print name GUY WALKER capacity COMPANY SECRETARY sign here date 01 / 11 / 2012

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 7 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 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 interest in.

• (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. (7) Include details of: (a) any relevant agreement or other circumstances by which the relevant interest was acquired. 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.

• (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) 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.