RAMELIUS RESOURCES LIMITED — Major Shareholding Notification 2012

Sep 11, 2012

FACSIMILE TRANSMITTAL SHEET

TO.	Company Announcements Office		FROM:	Maggie Tang
COMPANY:Australian Securities Exchange			DATESeptember 10, 2012
FAX NUMBER:	011-61-2-9778-0999/ 61-2-9347-0005		4	TOTAL NO. OF PAGES INCLUDING COVER:
PHONE NUMBER			SENDER'S PHONE NUMBER:416-943-4072
RF.FORM 604				SENDER'S FAX NUMBER416-943-6497
URGENT	$\Box$ FOR REVIEW	$\Box$ PLEASE COMMENT		$\Box$ PLEASE REPLY	EI PLEASE RECYCLE

NOTES/COMMENTS:

Dear Sit/Madam,

Please find attached a Form 604 notice of change of interests of substantial holder for Ramelius Resources Ltd (RMS). Please do not hesitate to contact me at mtang@sprott.com if you have any questions.

Sincerely, Maggie Tang

ROYAL BANK PLAZA, SOUTH TOWER,

SUITE 2700, PO BOX 27

TORONTO, ON M5J2J1 T: 416 943 6707 F: 416 943 6497 TOLL FREE: 1 866 299 9906

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To _Company Name/SchemeACN/ARSN	Ramelius Resources Limited51 001 717 540
1. Details of substantial holder (1)NameACN/ARSN (if applicable)	Sprott Asset Management LP (SAM)
There was a change in the interests of thesubstantial holder onThe previous notice was given to the company onThe previous notice was dated	August 29, 2012June 18, 2012June 18, 2012

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 the was nother or reasonable and the complete in the company or volling increased in the scheme that the substantial holding indice to the company orassociate (2) had a relevant interest (3) in when last required, and whe scheme, are as follows:

.		Previous notice		⊑ Present notice
Class of securities (4)	Person's votes	Voting power (5)	Person's votes	Voting power (5)
	33,356,480	9.98	29,766,197	8.8%
1 Ordinary Shares

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 r announce of each original or original or means of a resource in the second second in the company or scheme are ascompany or scheme, since the substantial holder was last required to give a substantial holding notice to follows:

l Date of	Ferson whoserelevant interestchanged	Nature ofChange	Consideration given inrelation to change	Class and number ofsecurities affected
Change		Seil	0.5017 AUD	ordinary shares64,726
27-Jun-12	SAM	$\cdots$Sell	0.4772 AUD	ordinary shares275,274
28-Jun-12	SAM		0.4698 AUD	ordinary shares600,000
29-Jun-12	SAM	SellDOM:	0.4918 AUD	475,000 ordinary shares
$2 -$ Jul-12	SAM	Sell		ordinary shares225,000
$3 - J$ u $+12$	MA2	Seil	0.4874 AUD	ordinary shares
4-Jul-12	SAM	Sell	0.5279 AUD	200,000
4-Jul-12	SAM	Sall	0.5593 AUD	ordinary shares200,000
	SAM	Sell	0.5392 AUD	ordinary shares200.000
5-Jul-12		Sell	0.4927 AUD	150,000 ordinary shares
$10 -$ Jul-12	SAM	Sel	0.5109 AUD	155,000 ordinary shares
16-Jul-12	SAM		0.5008 AUD	300,000 ordinary shares
17-Aug-12	SAM	Sell	0.5138 AUD	ordinary shares245.283
20-Aug-12	SAM	Sell		500,000 ordinary shares
29-Aug-12	SAM	Sell	0.4572 AUD

$\pm$

4. Present relevant interests

ch relevant interest of the substantial holder in voting securities after the change are as follows:

	Particulars of each relevant interest or the advocation.	Nature of relevant	Class and	Person's votes
Holder of relevantinterest	Registored holder ofsecurities	Person entitledinterest (6)to be registeredas holder (8)	number ofsecuritiesOrdinary
SAM	RBC DexiaInvestorServicesCormark	Sprott Asset Management LPis the portfolio manageracting on behalf of variousfunds and managed	Shares14,700,276OrdinaryShares	14,700,276
SAM	SecuritiesInc.	accounts.	10,080,440Ordinary	10,080,440
SAM	Scotia Capital		Shares4,806,481Ordinary	4,806,481
SAM	Credit Suisse		Shares179,000	179,000

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 voling interests in the company or scheme are as follows:

_______Name and ACN/ARSN (if applicable) Form	اها ( Nature of association

6. Addresses

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

Namet Sprott Asset Management LP	Address1 200 Bay Street, Suite 2700, P.O.Box 271 Toronto, ON Canada M5J 2J1

Signature

.print name	Kirstin McTaggart	capacity	Chief Compliance Officer
sign here		date	September 10, 2012

DIRECTIONS

• 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 $(1)$ 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.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• The voting shares of a company constitute one class unless divided into separate classes.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• Include details of: $(6)$

$(3)$

$(4)$

• any relevant agreement or other circumatances because of which the change in relevant interest occurred. If subsection 671B(4) any report in agreement of sure encouragement of any relevant agreement, and a statement by the person giving full and accurate $(a)$ 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 acquiredhas, or may, become entitled to receive in relation to that acquisition. Details m nas, or may, become entitied to receive in relation to that acquisition, Details must be included even if the benefit is conditional on the happ.or not of a contingency. Details must be included of any benefit paid on beh $(7)$ or not or a commissionly, cleaning must be into used or any opinion paid on periodical or the substantial notice oracquisitions, even if they are not paid directly to the person from whom the relevant interest was acquire (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.