NEOMETALS LTD — Major Shareholding Notification 2012

Jun 3, 2012

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

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The Vanguard Group

To:		Australian Stock Exchange		From:	The Vanguard Group
Fax:	+61 2 9778 0999 or +61 2 9347 0005		Pages:	3 (including cover)
Phone:				Date:	1 June 2012
Re:		Form 604 Reporting		$cc$ :
$\Box$ Urgent		X For Review	$\Box$ Please Comment		$\square$ 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 610-669-8989 or FFS_Compliance_Oversight@Vanguard.com.

604 page 1/3

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	31-May-2012
The previous notice was given to the company on	10-May -2012
The previous notice was dated	10-May-2012

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 relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as fol ows:

Class of securities (4)	Previous notice		---------------------- Present notice
	_________ Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinarv	49,000,000	10.58%	67,000,000	14.48%

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 a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change $(6)$	Consideration oiven in relation to change (7)	Class and number of securities affected	Person's votes affected
$31 - Max - 12$	Vanguard Precious Metals and Mining Fund	BUY	$USD - 0.19$ $AUD - 0.20$	Ordinary - 18,000,000	Vanquard Precious Met ils and Mining Fand

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Vanquard Precious Metals and Mining Fund	JPMorgan Chase Bank, N.A.	JPMorgan Chase Bank, N.A.	Beneficial Owner	Ordinary - 67.000.000	67.000.000

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, he substantial holder in relation to voting interests in the company or scheme are as follows:

_________ Name and ACN/ARSN (if applicable)	--------------------------------------- Nature of association --------------------------------------- _________
I IS NOT A DESIGN ON COMMUNIST STOP AND ASSOCIATED PRODUCTS OF CONSULTING N/A .	NIA ____ _______ . ____

6. Addresses

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

Name	Address
Vanguard Precious Metals and Mining Fund	Vanquard 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@Vanquard.com
JPMorgan Chase Bank, N.A.	Level 37 AAP Center 259, George Street Sydney NSW 2000 Australia

Signature

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2001 - Connect Party Cornelistan (* 1946) 1941 1941 1942 1944 1944 1945 1946 1947 1948 1949 1949 1949 1949 19

Natalie Be Assistant Secretary print name capacity sign here date 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 equity trust), the names could be included in an ann $(1)$ 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. $\langle 4 \rangle$
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• 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 a courate 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 $\left( \text{b}\right)$ securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification apr lies).

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 happen ng 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 acc uisitions, 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". $(3)$

Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$