RAMELIUS RESOURCES LIMITED — Major Shareholding Notification 2012

Sep 10, 2012

MinterEllison

$L \overline{A}$ $Y$ $E$ $R$ $S$

AURORA PLACE, 88 PHILLIP STREET, SYDNEY NSW 2000, DX 117 SYDNEY

To	Company announcements officeASX	Facsimile	1300 135 638
	Company SecretaryRamelius Resources Limited	Facsimile	$+61882711988$
From	Henry WongEmail: henry.wong@minterellison.com	FacsimileDirect lineOur Ref	+61 2 9921 8058+61 2 9921 8536SSE:HLW:20-6818439
Date	11 September 2012		Number of pages (including this one): $6$
Subject	Notice of change of interests of substantial holder

Please find attached a notice of change of interests of substantial holder in relation to shares in Ramelius Resources Limited from Van Eck Associates Corporation.

Regards MINTER ELLISON

If you do not receive all pages please telephone +61 2 9921 8536

ME_100646274_1 (W2003x)

IMPORTANT - The contents of this facsimile may be privileged and confidential. Any unauthorised use of the contents is expressly prohibited. If you have received the document in error, please advise us by telephone (reverse charges) immediately and then shred the document. Thank you,

604 poge 2/2 10 July 2001

Form 604 Corporations Act 2001Section 671B Notice of change of interests of substantial holder To Company Name/Schame Remeilus Resources Limited ACN/ARSN 001717540 1. Datatie of substantial holder (1) Van Eck Associates Corporation (and its associates referred to in paragraph 8). Name ACNIARSN (# epplicable) N/A There was a change in the Intercets of the substantial holder on 07/09/2012 The previous netice was given to the company on 31/05/2012 The previous notice was dated 30/05/2012 2. Previous and present voting power

The total number of votos attached to all the voting shares in the company or voting interests in the achaine that the substantial holder or en associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Pravious natica		Present notice
	Parson's volus	Voling power (5)	Person's votes	Volinaı power (5)l
Ordinary sheres	20 238 697	9.03%	TTERNA191″د	17.DBY
				$-7.77.7$
	$-11011$			محمدتك سا

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder of an associate in voling socurities of the company or scharre, since the substantial holder was leat required to give a substantial holding notice to the company or enhance are as follows:

Dato ofChange	Person whoseTeatain Inavelonchanged	Nature ofchange (B)	Considerationgiven in relationla changa (7)	.Cless andnumber ofBOCUTIDEAaffected	المستفسدةPortion's votes.atlactedattendance the late of the com-
	EckVanCorporation (VEAC)	Associates See Annexure A	$\cdots$$\cdots$
----				.

4. Present relavant interasts

Particulars of each relevant interest of the aubstantial holder in voltag aecurities after the change are as follows:

Holder ofmavantinterest.	Registeredholder ofsocurillas	Parson entitledto be registeredas holder (8)	Naturo ofrakvaniInternal (6)	Class andrumber ofaecurilloa	Person's votes
VEAC	Bank of New YorkMalion as austodianlfor Market VestoreTruat - Junior GoldMinera ETF	Market Veclors Trusl- Junior Gold Miners推TP (GDXJ)	MEAC holds its roleventinterest by having theloower lo exerciso, controllthe exercise of, orinfluence the exercise of,ihe voting powers orfolonosal of the securitiesito which the relevantlinioresi relatas in thelordinary course ofinvestment managementibusinose.	Oldinary shares23.841.410	7.038%
VEAC	Markol Veclorsأخاله باعتما	AII SAPYASOK 200Respurces(A9X:RSR)	Same es abovo.	Ordinary shares14 B.23.	0.001%

ME_08870762_1 (W2003x)

MEAC	Market VactorsAustralia	AB SEPTASX 300Motals and MiningKASX:MAM)	Samo es abovo:	Ordinary charge2,680All and the	المستعملات0.001%
	.			.

5. Changes in association

The persons who heve 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 voting interests in the company or scheme are as follows:

--------------------------------------		ومستحلاتهمdesign communications and communication-----
Nameandacolicable)	TH.ACNIARSN	__Natura of ascociation
	$\cdots$
		$\overline{\cdots}$
		11,810--------------------------------------
	1.7.7.7	SILLER11.77$-$$\mathbf{u}$$\sim$AMERICA
$\cdots$	11-----	1.111
		.

6. Addresses

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

Name	and the state ofوالمستخلفة وترشيب والمساويAddress
MEAC	1335 Madison Avanue, New York, NY 10017
Van Eck Securities Corporation	[335 Madison Avenue, Naw York, NY 10017
Man Eck Absoluto Rotum Advisers, Inc.	335 Madison Avenue, New York, NY 10017ing and how who had faith a function continuous continuous continuous continuous continuous

Signature

print name	Russell Bronnan,	сврасіју	Assistant VP
algn hare	.UBurnner-----	-----مامله	07/08/2012

DIRECTIONS

• if there are a number of substantial holders with similar or rolsted relevant interests (eg. a corporation and its related corporations, or the manager andtrustee of an equity trust), the rames cauld be included in an ann $(1)$ is clearly set out in paragraph 6 of the form.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(3)$ See the definition of "relavant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• $(4)$ The voting shares of a company constitute one class unless divided into sapprote classes.
• $\langle 5 \rangle$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• $(5)$ include dotals of:
  • any relevant agreement or other choumstances because of which the change in relevant interest occurred. If subsection 6716(4) spoiles, a copyof any document setting out the terms of any relevant agreement, and a statement $\left( \mathbf{a} \right)$
  • any qualification of the power of a porson to exercise, control the exercise of, or influence the exercise of, the voting powers or disposel of thesecurities to which the relevant interest relates (indicating cleanly the $(b)$

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

• Detalls of the consideration must include any and all benefils, money and other, that any person from whom a relevant interest was acquired has, or may,became splited to receive in relation to that sequistion. Details mus $\boldsymbol{\sigma}$
• If the substantial holder is unable to determine the identity of the porson (eg. if the relevant interest arises because of an option) wile "unknown". (8)
• $(9)$ Give details. If appropriate, of the present sescolation and any change in that association since the test aubstantial heiding notice.

ME_00570752_1 (W20034)

ME 90570757 1 (W20034)

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004 GUIDE page 1/1 13 March 2000 This guide does not form part of the prescribed form GUIDE and is included by ASIC to assist you in completing and lodging form 604. Signature This form must be signed by either a director or a secretary of the substantial holder. Lodging period MI $\sim$ $\sim$ Lodging Fee ŇЛ Other forms to be ND completed If additional appea is required to complete a quostion, the information may be included on a separate place of Additional Information $(a)$ paper shrewed to the form. This notice must be given to a listed company, or the responsible entity for a listed managed investment scheme.A copy of this notice must also be given to each relevant securities exchange. $(b)$ $(c)$ The person must give a copy of this notice: within 2 business days after they become aware of the information; or $\langle 0 \rangle$ by 9.30 am on the next trading day of the relevant securities exchange after they become aware of the $(1)$ information if: a takeover bid is made for voting shares in the company or voting interests in the scheme; and (A) $\langle \mathsf{B} \rangle$ the person becomes ewere of the Information during the bid period. Annexures To make any annoxure conform to the regulations, you much 1 use A4 size paper of while or light pastal colour with a margin of at least 10mm on all sides 2 chow the corporation name and A.C.N or ARBN 3 number the pages consecutively 4 print or type in BLOCK letters in dark blue or black ink so that the document is clearly legible when photocopied 5 Identify the armexure with a mark such as A, B, C, oto 6 endorse the somexure with the words: This is announce (mark) of (number) pages referred to in form (form number and title) 7 clan and date the ennoxure. The annexure must be signed by the same person(s) who signed the form.

Information in this guide is intended as a guide only. Please consult your accountant or colletter for further sovice.

ME_06570152_1 (W2003x)

Holder of relevant	Date of		Consideration		Consideration Non-
Interest	Acquisition/Disposal	B/S	Cash		cash	Number of Securities
GDXJ	$5/4/2012$ B		$		In-Kind	430,452
GDXJ	5/8/2012 B		5		In-Kind	88,047
GDXJ	5/9/2012 B		τ	۰	in-Kind	303,273
GDXI	5/10/2012 6		$	w	In-Kind	88.D65
GDXJ	5/16/2012 5		τ	ú	In-Kind	29,346
GDXJ	5/17/2012 8		ţ	à.	In-Kind	371,640
GDXJ	5/18/2012 8		Ţ	۰	in-Kind	58,674
GDXJ	$5/21/2012$ B		3	r.	In-Kind	68,523
GDXJ	5/22/2012 B		$	w	In-Kind	68,523
GDXJ	5/23/2012 8		3		In-Kind	332,690
GDXJ	5/24/2012 B		3	÷	in-Kind	107,646
GDXJ	5/25/2012 8		τ	۰	tr-Kind	342.545
GDXJ	$6/1/2012$ $6$		Ş	٠	In-Kind	469,728
GDXJ	6/4/2012 8		S	A	In-Kind	195,720
GDXJ	6/5/2012 B		5		In-Kind
GDXJ						19,568
RSR.AU	6/8/2012 B		Ţ		In-Kind	29,352
MAM AU	6/8/2012 B		$	$8,728$ $\frac{1}{5}$	4	7,397
	6/8/2012 B		3	4,100	ाड	3,202
GDXJ	6/11/2012 B		$		In-Kind	19,566
GDXJ	6/13/2012 8		5		In-Kind	557.631
GDXJ	6/14/2012 B		ζ		in-Kind	68,481
GDXI	6/15/2012 5		ţ287,029		۱Ś.w	528,969
GDXJ	6/15/2012 S		$5,272		S	9,769
GDXJ	6/18/2012 8		3		in-Kind	28,785
RSRLAU	6/18/2012 B		ŝ		In-Kind	959
GOXJ	6/18/2012 5		ŝ	23,226 $	÷,	42,475
GOXJ	6/21/2012 B		$	۳	(n∙Kind	133,700
GDXI	6/28/2012 S		3		In-Kind	57,336
GDXJ	7/3/2012 8		5	F	in-Kind	28.665
GDXJ	7/5/2012 S		$	á,	In-Kind	38,216
GDXJ	7/10/2012 5		3	é	In-Kind
GDXJ	7/11/2012 5					105,094
GDXJ			Ş	٠	In-Klad	181,583
RSR AU	7/24/2012 8		$	Ĩ.	In-Kind	19,106
	7/24/20125		$	٠	In-Kind	1,884
GDXJ	7/26/2012 B		$	٠	In-Kind	191,060
GDXJ	7/27/2012 B		$	ŵ,	In-Kind	9,551
RSR AU	7/27/2012 5		$	٠	In-Kind	471
GOXI	7/30/2012 B		$	á.	In-Kind	143,250
GDXJ	8/2/2012 B		$	$\overline{\phantom{0}}$	In-Kind	66,864$\sim 100$
GDXJ	$8/3/2012$ 8		$	L,	In-Kind	191,020
MAM.AU	$8/6/2012$ S		$	٠	In-Kind	522
RSR.AU	8/6/2012 5		3	ر	In-Kind	707
GDXJ	8/7/2012 8			÷	in-Kind	219,627
GDXJ	$8/13/2012$ B		sS		In-Kind	200,467
GDXJ	8/14/2012 B		S		In-Kind	95,490
RSR AU	8/14/2012 5		$		In-Kind	471
GDXJ	8/16/2012 B		3		in-Kind
GDXJ	8/17/2012 B		$			66,843
GDXJ					In-Kind	19,100
	8/21/2012 B		S137,826		$w,	267,228
GDXJ	8/22/2012 8		$		in-Kind	337,820
GDXJ	8/23/2012 8		ţ		in-Kind	415,122
GDXJ	8/28/2012 B		$		In-Kind	86,885
GDXJ	$9/4/2012$ B		ζ		In-Kind	67,585
GDXJ	9/5/2012B		$		In-Kind	617,920
GDXJ	9/6/2012 [9		$	π.	In-Kind	135,156

This is Annexure A of 1 pages referred to in Form 604 -Notice of change of interests of substantial holder

RB

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