RAMELIUS RESOURCES LIMITED — Major Shareholding Notification 2005

Sep 22, 2005

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 / (08) 8373 5588 Facsimile (08) 8373 5917

ASX RELEASE

For Immediate Release 23 September 2005

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

Dear Sir/Madam,

Form 605: Notice of ceasing to be a Substantial Holder

Attached is Form 605: Notice of ceasing to be a Substantial Holder received by Ramelius Resources Limited for Mandurang Pty Ltd.

Yours faithfully

Dom Francese Company Secretary

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	RAMELIUS RESOURCES LIMITED
ACN/ARSN	001 717 540
1. Details of substantialholder (1)Name	MANDURANG PTY LTD
ACN/ARSN (if applicable)	007 849 372
The holder ceased to be a substantial holder on		5/8/2005
The previous notice was given to the company onThe previous notice was dated		30/3/200429/3/2004

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 ofchange	Person whoserelevant interestchanged	Nature of change(4)	Considerationgiven in relation tochange (5)	Class (6) andnumber ofsecurities affected	Person's votedaffected
5/8/2005	Mandurang PtyLtd ATF for theRM KennedyFamily Trust	Reduction inpercentage heldas result of aPlacement ofShares byRamelius	N/A	3.148,600 OrdShares	3,148,600
5/8/2005	RM Kennedy	As above	As above	As above	As above
5/8/2005	CN Kennedy	As above	As above	As above	As above

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 AC.N/AHSNapplicable)11 I	Nature ofciation
	---------------------------------------______

4. Addresses

		The addresses of persons named in this form are as follows:
	Name		Address
	Mandurang Pty Ltd		C/- of Kennedy & Co, 140 Greenhill Road Unley SA 5061
	RM KennedyCN Kennedy		10 Hazelwood Drive Hazelwood Park SA 506610 Hazelwood Drive Hazelwood Park SA 5066
Signature
	print name	1. RM Kennedy		Capacity	Sole Director of Mandurang Pty Ltd & Self
		2. CN Kennedy			Self
	sign here			date	22/9/2005
		All Denneds		date	22/9/2005

605

15 July 2001

DIRECTIONS

page 2/2

• If there are a number of substantial holders with similar or related relevant interests (eq. a corporation and its related corporations, or the $(1)$ 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. $(3)$
• $(4)$ Include details of:
  • 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.

• $(5)$ 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 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. $(7)$