NEOMETALS LTD — Major Shareholding Notification 2011

Sep 25, 2011

PO BOX 2600, A29 Valley Forge, PA 19482 Fax: 610-669-6112

The Vanguard (Toup

To:	Australian Stock Exchange		From:	The Vanguard Group
Fax:	+61 2 9778 0999 or +61 2 9347 0005		Pages:	4 (including cover)
Phone:			Date:	23 September 2011
Re:	Form 604 Reporting		cc.
$\Box$ Urgent	$\times$ For Review	$\Box$ Please Comment		$\Box$ Please Reply	$\square$ Please Recycle

Attached is the Form 604 Filing for Reed Resources Ltd. Please call or email with any questions regarding this information at 610-669-6296 or Nick_Gould@Vanguard.com.

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Form 604 Corporations Act 2001
Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme ACN/ARSN	Reed Resources Ltd. 099 116 631
1. Details of substantial holder (1) Name ACN/ARSN (if applicable)	Vanguard Precious Metals and Mining Fund
There was a change in the interests of the substantial holder on	21/09/2011
The previous notice was given to the company on	24 / 08 / 2011
The previous notice was dated	24 / 08 / 2011

2. Previous and present 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 the low manuel of reception and the manuscript of the company of really increase in the concinent and the advantinament in an experimental in an experimental in an experimental in an experimental in an experimental in an e

Class of securities (4)	Previous notice			1 Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary	18,842,938	7.12%	21,517,000	8.13%

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

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
23/08/11	Vanguard Precious Metals & Mining Fund	BUY	USD 0.42 per Share AUD 0.40 per Share	Ordinary - 60.000	Vanguard Precious Matals & Mining Fund
24/08/11	Vanguard Precious Metals & Mining Fund	BUY	USD 0.42 per Share AUD 0.40 per Share	Ordinary - 40.672	Vanguard Precious Metals & Mining Fund
25/08/11	Vanguard Precious Metals & Mining Fund	BUY	USD 0.41 per Share AUD 0.39 per Share	$Ordinary -$ 80.390	Vanquard Precious Metals & Mining Fund
26/08/11	Vanquard Precious Metals & Mining Fund	BUY	USD 0.43 per Share AUD 0.41 per Share	Ordinary - 146.000	Vanquard Precious Metals & Mining Fund
29/08/11	Vanguard Precious Metals & Mining Fund	BUY	USD 0.48 per Share AUD 0.45 per Share	Ordinary - 220,000	Vanquard Precious Motals & Mining Fund
30/08/11	Vanguard Precious Metals & Mining Fund	BUY	USD 0.50 per Share AUD 0.47 per Share	Ordinary - 140,000	Vanquard Precious Metals & Mining Fund
31/08/11	Vanquard Precious Metals & Mining Fund	BUY	USD 0.50 per Share AUD 0.47 per Share	Ordinary - 150,000	Vanquard Precious Metals & Mining Fund
01/09/11	Vanquard Precious Metals & Mining Fund	BUY	USD 0.50 per Share AUD 0.46 per Share	$Ordinary -$ 100,000	Vanquard Precious Metals & Mining Fund
02/09/11	Vanguard Precious Metals & Mining Fund	BUY	USD 0.49 per Share AUD 0.46 per Share	Ordinary - 120,000	Vanquard Precious Metals & Mining Fund
05/09/11	Vanquard Precious Metals & Mining Fund	BUY	USD 0.49 per Share AUD 0.46 per Share	Ordinary - 100.000	Vanquard Precious Matals & Mining Fund
06/09/11	Vanguard Precious Metals & Mining Fund	BUY	USD 0.47 per Share AUD 0.44 per Share	Ordinary - 100,000	Vanquard Precious Metals & Mining F Ind

$\overline{\phantom{a}}$

604 page 2/3

07/09/11	Vanguard Precious Metals & Mining Fund	BUY	USD 0.48 per Share AUD 0.45 per Share	Ordinary - 50,000	Vanguard Precious Meta s & Mining Fund
08/09/11	Vanguard Precious Metals & Mining Fund	BUY	USD 0.49 per Share AUD 0.46 per Share	Ordinary - 150,000	Vanquard Precious Metas & Mining Fund
09/09/11	Vanquard Precious Metals & Mining Fund	BUY	USD 0.47 per Share AUD 0.45 per Share	Ordinary - 105,000	Vanquard Precious Meta s & Mining Fund
12/09/11	Vanguard Precious Metals & Mining Fund	BUY	USD 0.47 per Share AUD 0.45 per Share	Ordinary - 145,000	Vanguard Precious Meta s & Mining Func
13/09/11	Vanquard Precious Metals & Mining Fund	BUY	USD 0.45 per Share AUD 0.44 per Share	Ordinary - 201,475	Vanguard Precious Metas & Mining Func
14/09/11	Vanguard Precious Metals & Mining Fund	BUY	USD 0.45 per Share AUD 0.44 per Share	Ordinary - 138,525	Vanquard Precious Metas & Mining Func
15/09/11	Vanguard Precious Metals & Mining Fund	BUY	USD 0.46 per Share AUD 0.44 per Share	Ordinary - 110,000	Vanquard Precious Metals & Mining Func
16/09/11	Vanguard Precious Metals & Mining Fund	BUY	USD 0.46 per Share AUD 0.44 per Share	$Ordinary -$ 200,000	Vanquard Precious Metals & Mining Func
19/09/11	Vanguard Precious Metals & Mining Fund	BUY	USD 0.45 per Share AUD 0.44 per Share	Ordinary - 110,000	Vanquard Precious Metals & Mining Func
20/09/11	Vanguard Precious Metals & Mining Fund	BUY	USD 0.44 per Share AUD 0.43 per Share	$O$ rdinary - 130,000	Vanguard Precious Metals & Mining Func
21/09/11	Vanguard Precious Metals & Mining Fund	BUY	USD 0.42 per Share AUD 0.42 per Share	Ordinary - 77,000	Vanquard Precious Metals & Mining Func

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
relevant	holder of	to be registered	relevant	number of
interest	securities	as holder (8)	interest (6)	securities
Vanquard Precious Metals and Mining Fund	JPMorgan Chase Bank, N.A.	JPMorgan Chase Bank, N.A.	Beneficial Owner	Ordinary - 21,517,000	21.517,000

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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:

_____ _____ _______	---------- _ _____ _____ ______ _____
Name and ACN/ARSN (if applicable)	Nature of association -------------------------------------- . AND RESIDENCE OF THE CONTRACTOR ---------------------------------------
--------------------------------------- A . A A 4 / A 4 & A R R R & A 5 B R R R W 2011 --- NJA	CALLAGE ASSAULT TO THE TIME N/A
A R. P. L. L. L. L. L. L. L. L. L. L. L. L. L.	------------ ------------------- ______ _____

6. Addresses

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

Name	Address
Vanquard Precious Metals and Mining Fund	Vanguard Precious Metals and Mining Fund c/o The Vanguard Group, Inc. 455 Devon Park Drive Wayne, PA 19087 USA Attn: Nick Gould Compliance Manager Nick Gould@Vanguard.com
JPMorgan Chase Bank, N.A.	Lavel 37 AAP Center 259. George Street Sydney NSW 2000 Australia

Signature

• 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 $(1)$ 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
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• 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 $\left( d \right)$
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100 $(5)$
• Include details of: $(6)$
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a $(a)$ 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 pr wers or disposal of the $(b)$ securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification app ies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• 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, $(7)$ become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happer ing 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 accuisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) vrite "unknown". $(8)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice $(9)$