NEOMETALS LTD — Major Shareholding Notification 2012

Apr 26, 2012

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

$T^{\circ}$	Australian Stock Exchange		From:	The Vanguard Group
fax:	+61 2 9778 0999 or +61 2 9347 0005		Pages:	5 (including cover)
Phone:			Date:	26 April 2012
Ne:	Form 604 Reporting		CC:
$\Box$ Urgent	$\times$ For Review	$\Box$ Please Comment		$\Box$ Please Reply	D 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	Reed Resources Ltd.
ACN/ARSN	099 116 631
1. Details of substantial holder (1)
Name ACN/ARSN (if applicable)	Vanquard Precious Metals and Mining Fund
There was a change in the interests of the substantial holder on	05-Apr-2012
The previous notice was given to the company on	23-Sep-2011
The previous notice was dated	23-Sep-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 cr an associate (2) had a
relevant interest (3) in when last required, and when now r

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinarv	21.517.000	8.13%	24.000.000	5.18%

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
$22-Sep-11$	Vanguard Precious Metals and Mining Fund	BUY	$USD - 0.39$ $AUD - 0.40$	Ordinary - 233,000	Vanguard Precious Metals and Mining Ft nd
$23-$ Sep $-11$	Vanguard Precious Metals and Mining Fund	$\overline{BUY}$	$USD - 0.39$ $AUD - 0.40$	Ordinary - 50,000	Vanquard Precious Metals and Mining Ft nd
26-Sep-11	Vanquard Precious Metals and Mining Fund	BUY	$\overline{USD - 0.36}$ $AUD - 0.37$	$Ordinary -$ 200,000	Vanquard Precious Metals and Mining Fund
$27 - $ Sep $-11$	Vanguard Precious Metals and Mining Fund	BUY	$USD - 0.35$ $AUD - 0.35$	Ordinary - 327,050	Vanguard Precious Metals and Mining Fund
$28-$ Sep $-11$	Vanguard Precious Metals and Mining Fund	BUY	$USD - 0.36$ AUD-0.37	Ordinary $-$ 318,335	Vanquard Precious Metals and Mining Fund
$29-5ep-11$	Vanguard Precious Metals and Mining Fund	BUY	$USD - 0.35$ $AUD - 0.36$	Ordinary - 464,615	Vanquard Precious Metals and Mining Fund
$30 - Sep - 11$	Vanguard Precious Metals and Mining Fund	BUY	$USD - 0.35$ $AUD - 0.37$	Ordinary - 25,000	Vanquard Precious Metals and Mining Fund
$3-0c$ $11$	Vanguard Precious Metals and Mining Fund	BUY	$USD - 0.35$ AUD-0.37	Ordinary- 115,000	Vanquard Precious Metals and Mining Fund
$4-0c$ f-11	Vanquard Precious Metals and Mining Fund	BUY	$USD - 0.34$ $AUD - 0.36$	Ordinary - 40,000	Vanguard Precious Metals and Mining Fund
5-Oct-11	Vanduard Precious Metals and Mining Fund	BUY	$USD - 0.36$ $AUD - 0.37$	Ordinary - 94,745	Vanquard Precious Metals and Mining Fund
$6 - Oct - 11$	Vanquard Precious Metals and Mining Fund	BUY	$USD - 0.38$ $AUD - 0.39$	Ordinary $-$ 125,204	Vanquard Precious Metals and Mining Fund

$\mathcal{L}_{\lambda}$

604

7-Oct-11	Vanguard Precious Metals and Mining Fund	BUY	$USD - 0.42$ $AUD - 0.43$	Ordinary - 290.091	Vanquard Precious Metals and Mining F and
$10-0c$ t $-11$	Vanguard Precious Metals and Mining Fund	BUY	USD - 0.42 $AUD - 0.42$	$Ordinary -$ 50.000	Vanquard Precious Metals and Mining F ind
$11-0$ ct $-11$	Vanquard Precious Metals and Mining Fund	BUY	$USD - 0.43$ $AUD - 0.43$	Ordinary - 150.000	Vanguard Precious Metals and Mining F and

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 - 24.000.000	24,000,000

page 3/3 604

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:

	--------------------------------------- ---------------- . --------------------------------------
1 Name and ACN/ARSN (if applicable)	Nature of association --------- --------------------------------------- ------------- --------------------------------------- ---------------------------------------
Branch N/A	NIA
	. . $-0.00000000000000000000000000000000000$ . A R R R R R R R R R R R R R R R R R R R

6. Addresses

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

Name	Address
Vanguard 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.	Level 37 AAP Center 259, George Street Sydney NSW 2000 Australia

Signature

Assist: nt Secretary capacity print name Natalie Be sign here DIRECTIONS

• If there are a number of substantial bolders 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. $(4)$
• 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 subsect on 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 powers or disposal of the $(b)$ securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification acplies).

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 vas 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 happerling 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 contingency. Details must be included of any benefit paid on beha 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) write "unknown". $(8)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$

GUIDE This guide does not form part of the prescribed form and is included by ASIC to assist you in completing and lodging form 604.

Signature	This form must be signed by either a director or a secretary of the substantial holder.
Lodging period	Nil
Lodging Fee	Nil

Other forms to be Nil completed

Additional information

(a) If additional space is required to complete a question, the information may be included on a separate pieceof paper annexed to the form. (b)This notice must be given to a listed company, or the responsible entity for a listed managed investmentscheme. A copy of this notice must also be given to each relevant securities exchange.

(c) The person must give a copy of this notice:

(i) within 2 business days after they become aware of the information; or

(ii) by 9.30 am on the next trading day of the relevant securities exchange after they become aware of theinformation if:

(A) a takeover bid is made for voting shares in the company or voting interests in the scheme; and

(B) the person becomes aware of the information during the bid period.

Annexures

To make any annexure conform to the regulations, you must 1 use A4 size paper of white or lig it pastel colour with a margin of at least 10mm on all sides 2 show the corporation name and ACN or ARBN 3 number the pages consecutively 4 print or type in BLOCK letters in dark blue or black ink so that the document is clearly legible when

photocopied

5 identify the annexure with a mark such as A, B, C, etc 6

endorse the annexure with the words:

This is annexure (mark) of (number) pages referred to in form (form number and title)

7 sign and date the annexureThe annexure must be signed by the same person(s) who signed the form.

Information in this guide is intended as a guide only. Please consult your accountant or solicitor for further advice.