NORTHERN STAR RESOURCES LTD — Major Shareholding Notification 2021

Mar 24, 2021

604 GUIDE page 1/1 13 March 2000

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

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Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder
ToCompany Name/Scheme Northern Star Resources Ltd ACN/ARSN 092 832 892 1. Details of substantial holder (1) Name Van Eck Associates Corporation (and its associates referred to in paragraph 6). ACN/ARSN (if applicable) N/A There was a change in the interests of the substantial holder on 19/03/2021 The previous notice was given to the company on 19/02/2021 The previous notice was dated 18/02/2021 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 follows: Class of securities (4) Previous notice Present notice Person’s votes Voting power(5) Person’s votes Voting power(5) Ordinaryshares 125,657,812 10.80% 66,907,614 5.75% 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 given in relation to change (7) Class and number of securities affected Person’s votes affected Van Eck Associates Corporation(VEAC) See Annexure A 4. Present relevant interests Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:			Northern Star Resources Ltd
			092 832 892
			Van Eck Associates Corporation (and its associates referred to in paragraph 6).
			N/A
	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
	VEAC	State Street Bank and Trust Company as custodian for VanEck Vectors Gold Miners ETF			VanEck Vectors Gold Miners ETF (GDX)	VEAC holds its relevant interest by having the power 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 in the ordinary course of investment management business.	Ordinary shares 57,012,839	4.90%

Holder of	Registered	Person entitled	Nature of	Class and
relevant	holder of	to be registered	relevant	number of	Person’s votes
interest	securities	as holder (8)	interest (6)	securities
VEAC	State Street Bank and	VanEck Vectors Gold	VEAC holds its relevant	Ordinary shares	4.90%
	Trust Company as custodian for VanEck	Miners ETF (GDX)	interest by having the power to exercise, control	57,012,839
	Vectors Gold Miners		the exercise of, or
	ETF		influence the exercise of,
			the voting powers or
			disposal of the securities
			to which the relevant
			interest relates in the
			ordinary course of
			investment management
			business.

ME_182107833_1

VEAC	State Street Australia Limited as custodian for VanEck Vectors MSCI Australian Sustainable Equity ETF	VanEck Vectors MSCI Australian Sustainable Equity ETF (GRNV.AU)	Same as above.	Ordinary shares 165,157	0.01%
VEAC	State Street Bank and Trust Company as custodian for VanEck Vectors Natural Resources ETF	VanEck Vectors Natural Resources ETF (HAP)	Same as above.	Ordinary shares 16,157	0.00%
VEAC	State Street Bank and Trust Company as custodian for VanEck International Investors Gold Fund	VanEck International Investors Gold Fund (IIG)	Same as above.	Ordinary shares 3,502,600	0.30%
VEAC	Credit Agricole as custodian for Lombard Odier Funds - The World Gold Expertise Fund	Lombard Odier Funds - The World Gold Expertise Fund (LODH)	Same as above.	Ordinary shares 280,470	0.02%
VEAC	State Street Australia Limited as custodian for VanEck Vectors S&P/ASX Midcap ETF	VanEck Vectors S&P/ASX Midcap ETF (MVE.AU)	Same as above.	Ordinary shares 793,000	0.07%
VEAC	State Street Australia Limited as custodian for VanEck Vectors Australian Resources ETF	VanEck Vectors Australian Resources ETF (MVR.AU)	Same as above.	Ordinary shares 585,066	0.05%
VEAC	State Street Australia Limited as custodian for VanEck Vectors Australian Equal Weight ETF	VanEck Vectors Australian Equal Weight ETF (MVW.AU)	Same as above.	Ordinary shares 1,475,867	0.13%
VEAC	State Street Custodial Services (Ireland) Limited as custodian for VanEck Vectors Global Mining UCITS ETF	VanEck Vectors Global Mining UCITS ETF (UCTGDIG)	Same as above.	Ordinary shares 107,193	0.01%
VEAC	State Street Custodial Services (Ireland) Limited as custodian for VanEck Vectors Gold Miners UCITS ETF	VanEck Vectors Gold Miners UCITS ETF (UCTGDX)	Same as above.	Ordinary shares 2,779,414	0.24%
VEAC	State Street Custodial Services (Ireland) Limited as custodian for VanEck Vectors Natural Resources UCITS ETF	VanEck Vectors Natural Resources UCITS ETF (UCTHAP)	Same as above.	Ordinary shares 651	0.00%
VEAC	State Street Bank and Trust Company as custodian for Van Eck VIP Trust – VIP Global Gold	Van Eck VIP Trust – VIP Global Gold (VGOLD)	Same as above.	Ordinary shares 189,200	0.02%

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

ME_182107833_1

6. Addresses

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

Name	Address
VEAC	666 Third Avenue, New York, NY 10017
Van Eck Securities Corporation	666 Third Avenue, New York, NY 10017
Van Eck Absolute Return Advisers, Inc.	666 Third Avenue, New York, NY 10017
VanEck Australia PtyLtd	Level 4 Aurora Place, 88 PhillipStreet, SydneyNSW 2000
VanEck Investments Limited	Level 4 Aurora Place, 88 PhillipStreet, SydneyNSW 2000

Signature

print name Andrew Tilzer capacity	AVP
sign here date	24/03/2021
DIRECTIONS
er of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and
trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar,
d to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members
paragraph 6 of the form.
f "associate" in section 9 of the Corporations Act 2001.
f "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
of a company constitute one class unless divided into separate classes.
divided by the total votes in the body corporate or scheme multiplied by 100.

• (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 6 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 person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. 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.

• (7) 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 on 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.

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

ME_182107833_1

This is Annexure A of 1 page referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
GDX	02/17/2021	S	-	In-Kind	7,436
GDX	02/18/2021	B	-	In-Kind	156,156
GDX	02/23/2021	S	-	In-Kind	141,341
GDX	02/24/2021	S	-	In-Kind	7,439
GDX	02/25/2021	S	-	In-Kind	52,066
GDX	02/26/2021	S	-	In-Kind	44,628
GDX	03/01/2021	S	-	In-Kind	89,328
GDX	03/02/2021	S	-	In-Kind	275,502
GDX	03/03/2021	S	-	In-Kind	506,396
GDX	03/05/2021	B	-	In-Kind	52,206
GDX	03/09/2021	B	-	In-Kind	104,468
GDX	03/11/2021	S	-	In-Kind	298,480
GDX	03/15/2021	S	-	In-Kind	89,652
GDX	03/16/2021	S	-	In-Kind	224,130
GDX	03/18/2021	S	-	In-Kind	186,750
GDX	03/19/2021	S	-	In-Kind	7,470
GDX	03/19/2021	S	52,632,777.50	-	5,402,015
GDXJ	02/22/2021	B	-	In-Kind	148,491
GDXJ	02/23/2021	B	-	In-Kind	572,616
GDXJ	03/03/2021	S	-	In-Kind	148,603
GDXJ	03/04/2021	B	-	In-Kind	21,231
GDXJ	03/05/2021	B	-	In-Kind	127,410
GDXJ	03/17/2021	S	-	In-Kind	127,662
GDXJ	03/18/2021	S	48,462,060.10	-	5,175,944
GDXJ	03/19/2021	S	408,493,059. 61	-	41,972,565
HAP	03/12/2021	B	-	In-Kind	184
HAP	03/19/2021	B	109,910.63	-	11,265
IIG	02/22/2021	S	1,571,564.38	-	149,500
LODH	02/22/2021	S	261,752.20	-	24,900
VGOLD	02/18/2021	S	11,675.72	-	1,100
VGOLD	02/19/2021	S	31,140.39	-	3,000
VGOLD	02/22/2021	S	194,474.52	-	18,500
MVRAU	02/18/2021	B	-	In-Kind	8,883
MVRAU	02/18/2021	S	858.31	-	81
MVRAU	02/24/2021	S	19,129.24	-	1,829
MVRAU	02/25/2021	B	-	In-Kind	26,583
MVRAU	02/26/2021	B	56,953.70	-	5,577
MVRAU	03/02/2021	B	10,589.74	-	1,112
MVRAU	03/03/2021	B	39,968.75	-	4,028
MVRAU	03/05/2021	S	7,255.24	-	759
MVRAU	03/12/2021	B	-	In-Kind	18,030
MVRAU	03/18/2021	B	9,896.24	-	1,057

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Page 1 of 3

This is Annexure A of 1 page referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
MVRAU	03/19/2021	S	1,761,006.00	-	180,616
MVEAU	02/22/2021	S	18,892.41	-	1,771
MVEAU	02/25/2021	B	11,249.04	-	1,119
MVEAU	03/02/2021	B	10,208.81	-	1,072
MVEAU	03/04/2021	S	9,989.74	-	1,043
MVEAU	03/11/2021	B	7,995.64	-	819
MVEAU	03/15/2021	B	-	In-Kind	14,516
MVEAU	03/19/2021	B	34,212.75	-	3,509
MVWAU	02/22/2021	S	21,280.80	-	1,995
MVWAU	02/23/2021	B	-	In-Kind	9,352
MVWAU	02/25/2021	B	-	In-Kind	11,700
MVWAU	02/25/2021	B	38,472.35	-	3,827
MVWAU	03/02/2021	B	50,291.71	-	5,281
MVWAU	03/04/2021	B	-	In-Kind	14,100
MVWAU	03/09/2021	B	31,098.21	-	3,318
MVWAU	03/19/2021	S	7,288,563.75	-	747,545
UCTGDX	02/26/2021	B	236,005.74	-	23,114
UCTGDX	03/02/2021	B	80,676.51	-	8,474
UCTGDX	03/04/2021	S	839,660.51	-	87,656
UCTGDX	03/10/2021	B	303,201.00	-	31,714
UCTGDX	03/19/2021	S	2,643,662.61	-	271,172
UCTGDXJ	03/12/2021	B	118,909.90	-	12,717
UCTGDXJ	03/17/2021	B	806,802.75	-	88,944
UCTGDXJ	03/19/2021	S	39,481,601.44	-	4,049,800
GRNVAU	02/17/2021	B	-	In-Kind	3,906
GRNVAU	02/18/2021	B	3,106.82	-	293
GRNVAU	02/22/2021	B	-	In-Kind	3,910
GRNVAU	02/24/2021	B	2,730.81	-	261
GRNVAU	02/26/2021	S	83,290.69	-	8,160
GRNVAU	03/01/2021	B	-	In-Kind	3,740
GRNVAU	03/01/2021	B	6,000.85	-	603
GRNVAU	03/04/2021	B	1,772.69	-	185
UCTHAP	02/22/2021	B	2,380.48	-	223
UCTGDIG	02/17/2021	B	17,578.55	-	1,636
UCTGDIG	02/18/2021	B	18,134.16	-	1,710
UCTGDIG	02/19/2021	B	34,643.26	-	3,336
UCTGDIG	02/24/2021	B	175,618.71	-	16,782
UCTGDIG	02/25/2021	B	50,906.05	-	5,063
UCTGDIG	02/26/2021	B	36,231.17	-	3,547
UCTGDIG	03/01/2021	B	27,663.49	-	2,779
UCTGDIG	03/04/2021	B	33,938.05	-	3,541
UCTGDIG	03/08/2021	B	17,516.93	-	1,845
UCTGDIG	03/11/2021	B	34,439.01	-	3,527

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Page 2 of 3

This is Annexure A of 1 page referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant interest	Date of Acquisition	B/S	Consideration Cash	Consideration Non-Cash	Number of Securities
UCTGDIG	03/11/2021	B	15,811.99	-	1,620
UCTGDIG	03/16/2021	B	17,127.55	-	1,831
UCTGDIG	03/17/2021	B	31,052.82	-	3,423
In-Kind transactions result from UCTGDIG receiving a basket of securities (including NORTHERN STAR RESOURCES LTD) in exchange for securities in UCTGDIG.

Page 3 of 3