RAMELIUS RESOURCES LIMITED — Major Shareholding Notification 2003

Apr 1, 2003

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603 page 1/2 15 July 2001

	Form 603 Corporations Act 2001 Saction 5718
	Notice of initial substantial holder
To Company Name/Scheme	RAMELIUS RESOURCES LIMITED
ALTI/ARSN	ל ול 540 $\circ \circ \iota$ .
1. Details of substantial bolder (1) Name ACN/ARSN (if applicable)	KURANA 009	70 R		P.TY LTD as fronted for BUCHHORN UNIT	70.07
The holder bucame a substantial holder on	3(13.4203)
2. Details of voting power The total number of votes apached to all the voting shares in the company or voting interests in the scheme that the substantial relider or an associate (2) had a
retevant interest (3) in on the date the substantial holder became a substantial indice are as follows:
Class of Securities (4)	Number of securities	Person's votes (5)		Voting power (6)
øQ. 戸山ヶ MA SUAS	2,100,000	10,000 - 2		2- ه - ۵
2. Details of relevant interests The nature of the relevant interest the subspartial holder or an associate nad in the following voting securities on the date the substantial indicer became a substantial holder are as tollows: Holder of relevant interest	Naturo of refevent interest (7)			Class and number of securities
KULANA PTI LIN ATE	$-5608$ P		$100$ ex.
Buchharn Unit Trust
4. Details of present registered holders The persons registered as holders of the securities referred to in persgraph 3 above are as follows:
Holder of relevant inerex	Registered holder of sencites.	Person entitled to be registered as holder (B)		Class and mimber of securities .
KVAZWA ITZATO - 74	KULANA DIL LID			7 . 100 . au . فتنصم

5. Consideration

The consideration paid for each released interest reformed to in peregraph 3 above, and acquired in the four months prior to the day that the substantial holder became a
substantial holder is as follows:

Holder of relevant Internati	Date of acquisition	Consideration (9)		Class and number of securities.
KULANA PTY LTD	2003 2 L	Crsi.	रिका काम
		NIL	Purs-auto de	12.4 - Page 1
			$0.00 - 5.6$	المتمع بالكبائصة	الاستسلوا

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Agreement
Anted 4-10-102,
Arter Rumslins $P$ and $P$ is the set of $\sim$

603 PAye 2/2 15 July 2001

6. Associator

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

Name and ACN/ARSN (C applicable)	Nature of essociation
$NQ = 1$	–

7. Reddrugger

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

Name		.	Address
Kyrene		LH		$\beta$ :	المحاملة	. WА Kaleaarte
. De side e rn	$\mathcal{L}$ and $\mathcal{L}$	Teach ---				---

Signature

prim name	IAN JAMES BUCHHORN	$\lambda$ irector capacity
	sign here $\beta$ $\beta$ $\beta$	date 3/ / 03 / 03

DIRECTIONS

• (i there are a number of substantial holders with similar or related relatent internations and its related comporations, or the manager and tustee of an
  equity trust), the names could be included in an aurente to the Torm. m throughout the form as a specifically ramed group if the membership of each group, with the rames, and addresses of members is clearly set out in paragreph 7 or the form.
• Ø See the definition of "associate" in section 9 of the Corporations Act 2001.
• Ы See the definition of "relevent interest" in sections 608 and 8718(7) of the Corporations Act 2001.
• $\begin{pmatrix} 1 \ 1 \end{pmatrix}$ 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 schome (if any) that the parson or an associate has a relevant Interest In.
• ы The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• Ø include details of:
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subject(or 671814) applies, a copy of any document setting out
  the terms of eny relevant agreement, and a statement by the perso ω
• any grafification of the power of a porson to exercise, control the exercise of, or influence ma exercise of, the voting powers or disposed of the securities to
  wrich the relevant interest relates (inclusing clearly the pa $\left| 0 \right\rangle$

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• 面 If the substantial holder is unable to determine the identity of the person (eg. If the relevant interest arises pecause of an option)while "unionywn".
• O) Dotails of the consideration must include any and all benefits, momey and other, that any person from whom a relevant interest was acquired has, or may, become antitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening of not of a conditionry. Details must be included of any banefit paid on behalf of the substanced halder 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.