NEOMETALS LTD — Major Shareholding Notification 2011

Jun 13, 2011

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

The Vanguard Group

$\Box$ Urgent	X For Review	$\square$ Please Comment		$\Box$ Please Reply	$\Box$ Please Recycle
Re:	Form 603 Reporting		CC.
Phone:			Date:	13 June 2011
Fax:	+61 2 9778 0999 or +61 2 9347 0005		Pages:	4 (including cover)
To:	Australian Stock Exchange		From:	The Vanguard Group

Attached is the Form 603 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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603 page 1/3

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Reed Resources Ltd.
ACN/ARSN	099 116 631
1. Details of substantial holder (1)
Name	Vanguard Precious Metals and Mining Fund
ACN/ARSN (if applicable)
The holder became a substantial holder on	09 June 2011

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:

Class $- - -$ . securities ΩŤ	secunties Nun nnei זר	(5) rson votes ----	Votir nower ιO. __
∪rdinar∨	.180.000	.180.000	AAFM
.		.	). VZJ 70

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:

. Class and number of securities Nature of relevant interest (7)
Ordinary - 13,180,000 Beneficial Owner

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	Registered holder of	Person entitled to be	Class and number
interest	securities	registered as holder (8)	of securities
Vanguard Precious Metals and	JPMorgan Chase Bank, N.A.	JPMorgan Chase Bank, N.A.	Ordinary-
Mining Fund			13.180.000

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 hokler became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Class and number of securities
Vanguard Precious Metals and	25 February 2011	Cash AUD .58 per share -	$Ordinary -$
Mining Fund		.59 USD per share	4,597,701
Vanguard Precious Metals and	31 March 2011	Cash AUD .58 per share -	Ordinary-
Mining Fund		.60 USD per share	4.022,988
Vanguard Precious Metals and	10 May 2011	Cash AUD .57 per share -	Ordinary-
Mining Fund		.62 USD per share	1.279.053
Vanguard Precious Metals and	11 May 2011	Cash AUD .57 per share -	Ordinary -
Mining Fund		61 USD per share	185.006
Vanguard Precious Metals and	12 May 2011	Cash AUD .56 per share -	Ordinary $-$
Mining Fund		.59 USD per share	526,727

$\sim 10^{-10}$

603 page 2/3

15 July 2001

$\sim$

Vanguard Precious Metals and	13 May 2011	Cash AUD .57 per share -	Ordinary-
Mining Fund		.60 USD per share	388,525
Vanguard Precious Metals and	19 May 2011	Cash AUD .52 per share -	Ordinary $-$
Mining Fund		.55 USD per share	163,138
Vanguard Precious Metals and	20 May 2011	Cash AUD .52 per share --	Ordinary -
Mining Fund		.56 USD per share	60,212
Vanguard Precious Metals and	23 May 2011	Cash AUD .52 per share -	Ordinary-
Mining Fund		.55 USD per share	78,137
Vanguard Precious Metals and	24 May 2011	Cash AUD .52 per share -	Ordinary $-$
Mining Fund		.55 USD per share	70,025
Vanguard Precious Metals and	25 May 2011	Cash AUD .51 per share -	Ordinary $-$
Mining Fund		.54 USD per share	128,488
Vanguard Precious Metals and	26 May 2011	Cash AUD .53 per share -	Ordinary-
Mining Fund		.57 USD per share	228,488
Vanguard Precious Metals and	27 May 2011	Cash AUD .54 per share -	Ordinary $-$
Mining Fund		.58 USD per share	137,597
Vanguard Precious Metals and	30 May 2011	Cash AUD .55 per share -	Ordinary-
Minina Fund		.58 USD per share	92.101
Vanguard Precious Metals and	31 May 2011	Cash AUD .55 per share -	Ordinary $-$
Mining Fund		.59 USD per share	72,393
Vanquard Precious Metals and	1 June 2011	Cash AUD .55 per share -	Ordinary-
Mining Fund		.58 USD per share	72.541
Vanguard Precious Metals and	2 June 2011	Cash AUD .53 per share -	Ordinary-
Mining Fund		.57 USD per share	96,880
Vanguard Precious Metals and	3 June 2011	Cash AUD .53 per share -	Ordinary $-$
Mining Fund		.57 USD per share	150,000
Vanguard Precious Metals and	6 June 2011	Cash AUD .53 per share -	Ordinary $-$
Mining Fund		.57 USD per share	305,471
Vanguard Precious Metals and	7 June 2011	Cash AUD .56 per share -	$Ordinary -$
Mining Fund		.60 USD per share	144,529
Vanguard Precious Metals and	8 June 2011	Cash AUD .57 per share -	Ordinary-
Mining Fund		.60 USD per share	300,000
Vanguard Precious Metals and	9 June 2011	Cash AUD .56 per share -	$Ordinary -$
Mining Fund		.60 USD per share	80,000

603 page 3/3

6. Associates

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

(if 'applicable) Name and ACN/ARSN	Nature of association
N/A	N/A

7. Addresses

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

Name	Address
Vanguard Precious Metals and Mining Fund	Vanguard 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.	Level 37
	AAP Center 259, George Street
	Sydney NSW 2000 Australia
print name	Matalie Bej	capacity	Assistant Secretary
sign here		date	13 June 2011

• $(1)$ If there are a number of substantial holders with similar or related 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.
• 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. $(3)$
• $(4)$ 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.
• Include details of: $(7)$
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of $(a)$ 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; an i
• 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 $(b)$ 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.

• 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". $(8)$
• $(9)$ Details of the consideration must include any and all benefits, moneys and other, that any person from whom a relevant interest has 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 cf a contingency. Details must be included of any benefit paid on behalf of the substantial holder of its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.