RAMELIUS RESOURCES LIMITED — Major Shareholding Notification 2004

Mar 29, 2004

Ramelius Resources Limited

ACN 001 717 540

140 Greenhill Road, Unley SA 5061 GPO Box 1373, Adelaide SA 5001 DX 52003, Unley Telephone (08) 8373 6473 Facsimile (08) 8373 5917

ASX RELEASE

For Immediate Release Tuesday, 30 March 2004

General Manager The Company Announcements Office Australian Stock Exchange Limited PO Box H224 Australia Square Sydney NSW 1215

Dear Sir/Madam,

Substantial Holder Notices

Attached are two Substantial Holder Notices received by Ramelius Resources Limited.

Yours faithfully

Dom Francese Company Secretary

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

RAMELIUS RESOURCES LIMITED To Company Name/Scheme ACNZAMEN 001 717 540 1. Details of substantiat notder (1) MANDURANG PTY LTD Name

ACN / ARSN (If applicable)

The holder became a substantial holder on 25/3/2004

1. Details of voling power
   The lolal number of volse attached to all the voling shares in the company or voting interests in the acheme that the substantial holder or an associate
   (2) had a relevant interest (3) in on the

me	.11 a manang sakakanan l			.
	-34 .	ം വിമാത്രിക	τTΞ Parsons' Construction	Hand (B)
	_________	----
	START __	148.600	4 美国 第290	-
	________	___	STATISTICS --------------------	.
			-------------	------- -------------------------- -- ---------
	. __

1. Details of relevant interests
   The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date me substantial helder
   become a substantial holder are as follow

Holder of relevant interest	Mature of relevant interest (7)	Chass and number of securities
	Manufaring Pty Ltd as trustee for Punsuant to 9.608(1) Corporations Act	3,148,600 Ordinary Sharas
the Filat Konnocly Family Trust
RM Kennedy	As Mova	As above
CN Kennedy	As above	Aa above

1. Detaile of present registared holders
   The persons registered as holders of the securities referred to in paragraph 8 above are as follows:

Halder of relevant Anternact	Registered holder of SCCUTTURES	Person antitled to be regestmend no holder (8)	Class and number of SOCIETIOS
Mandurano Piv Lad as trunder for the RM Kunnody Family Trust	Mandurary Pty Ltd.	Unknown (Mandurang Pty Ltd. is the trustee for the RM. Kennedy Family Trust of which there are a number of beneficiaries)	3,148,800 Ordinary Shares
FIM Kannedy	Mandurano Pty Ltd	Ail abova	As abova
CN Kennedy	Merckanand Pty Ltd	As abovs	As MOOVE

5. Consideration

the consideration paid for each relevant interest referred to in paragraph 3 abovs, and adquired in the four months prior to the day that the substantial
holder became a pubstantial holder is as follows:

t,

Holder or relevant interekt	Date of accuration	Consideration (9)		Cleas and number of SOOUTIDES
		Cash	Non-cash
Manduring Pty I to 88 If users for the File Kennady Family Trust	26/3/2004 pursuant to a Rights issue by Plamellus Plesources Limilad	\$173.173		1.574.300 Ordinary Shares
RM Kennedy	As above	As adamı		As above
CIN Kennedy	As above	As above		As above

5. Associates

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

Name and ACN/ARSN (1 applicable)	Nature of association
Mandurano Piv Ltd	Trustee of the RM Kennedy Family Trust
FM Kennedy	Sole Director and 50% shareholder of Mandurang Pty Ltd which is the trustee of the RM Kennedy Family Trust in which RM Kennedy is one of a class of persons who may be a Done fictary.
CN Kannady	50% shareholder of Mandurang Pty Ltd which is the trustee of the RM Kennedy Family Trust in wisen CN Kennedy is one of a class of persons who may be a benoficiary.

7. Aridrosame

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

	一个不可作的话来
. ∾apumno Piv Lid	C/- Kennedy & Cp. 140 Greenhill Fload Union i Sost
	WOOD Drive Heathwood Park SA 5086
	Mive Hazalwood Park SA SDBB

Signature

DIRECTIONS

• (1) If mere 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 annimum (eg. a corporation and as related corporations, or the
  are essentially similar, they may be referred to throughout the form as a spacifical
• (2) See the detinition of "aespoints" in aection 6 of the Corporations Act 2001.
• (3) See the defination of "relevant interest" in sections 808 and 671B(7) of the Corporations A.
• (4) The voling shares of a company constitute one cleas unless divided into asparate classes.
• (5) The total number of voton nitached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.
• (6) The person is votes divided by the total votes in the body corporate or scheme multiplied by 100.
• (7) Include details of:
• $(3)$ any jelevant agreement or other circumstances by which the relevant interest was acquired. If subsection 6718(4) spolies, a copy of any document asiting out the terms of any relevant agreement, and a statement by the person giving full and accurate original of any contract.
  Scheme or arrangement, must accompany this form, logalher with a witten statement c
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposel of
  The spouridos to which the relevant interest relates (indicating clearly the p O).

Soe the demilion of trelevant agreement" in section 8 of the Corporations Act 2003.

• (8) if the substantial holder is unable to determine the identity of the person (eg. if the refevant imenset arises because of an option) write "unknown".
• Details of tho consideration must include any and all benefits, money and other, that any person from whom a relevant letarest was acquired has.
  or may, become emitted to receive in relation to that acquisition. Details m (9)

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

RAMELIUS RESOURCES LIMITED To Company Name/Scheme ACN/ARSN 001 717 540 1. Details of substantial holder (1) Name Joseph Fred Houldsworth ACN/ARSN (if applicable) The holder ceased to be a substantial holder on 26/3/2004 The previous notice was given to the company on 1/4/2003/ $1/4/20031$

The previous notice was dated

1. 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 Person whose relevant interest change changed	Nature of Consideration given in relation to change (4) change (5)	Class (6) and number of securities affected	Person's votes affected
26/3/2004 Joseph Fred Houldsworth	Reduction N/A in % held as result of Rights Issue by Ramelius Resources Limited	Ordinary Shares 2.640.000	Reduction from 7.22% to 4.47%

3. Changes in association N/A

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/ARS:	______ ______ :12000 _________
_	--------------------------------------	Progressive Community of the Progressive Community of the Community Community of the Community
	_________

4. Addresses

	Name Joseph Fred Houldsworth		Address
				28 Musgrove Crescent Boya WA 6056
Signature	print name sign here	Joseph Fred Houldsworth		capacity 29/3/2004 date
		≁∾

DIRECTIONS

• (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 4 of the form.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(2)$
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(3)$
• Include details of: $\langle \Delta \rangle$
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) $(a)$ 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
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal $(b)$ 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.

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired $(5)$ 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 of 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.
• The voting shares of a company constitute one class unless divided into separate classes. $(6)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(7)$