PERSEUS MINING LIMITED — Major Shareholding Notification 2018

Apr 15, 2018

Form 605 Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	Perseus Mining Limited
ACN/ARSN	106 808 986
1. Details of substantial holder (1)
Name		Van Eck Associates Corporation (and its associates referred to in paragraph 4).
ACN/ARSN (if applicable)	N/A
The holder ceased to be a
substantial holder on		11/04/2018
The previous notice was given to the company on		26/03/2018
The previous notice was dated		23/03/2018

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 $(4)$	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
	lVan i Corporation (VEAC)	Eck Associates See Annexure A

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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

4. Addresses

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

Name	Address
IVEAC	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 Pty Ltd	Level 4 Aurora Place, 88 Phillip Street, Sydney NSW 2000
VanEck Investments Limited	Level 4, Aurora Place, 88 Phillip Street, Sydney NSW 2000

Signature

	print name ANDREW TILZER
sign here

sig

13/04/2018

AVP

capacity

date

This is Annexure A of 1 page referred to in Form 605 - Notice of ceasing to be a substantial holder.

Holder of relevant			Consideration	Consideration
interest	Date of Acquisition!	B/S	Cash	Non-Cash	Number of Securities
GDXJ	03/22/2018B			In-Kindl	368,320
GDXJ	03/28/2018 S			In-Kindl	147,592
GDXJ	04/02/2018 S			In-Kindl	92,260
GDXJ	04/03/2018 S			In-Kindl	295,200
GDXJ	04/11/2018S			In-Kindl	774,900
In-Kind transactions result from GDXJ receiving a basket of securities (including PERSEUS MINING LTD) in exchange for securities in GDXJ.

$AP$