RAMELIUS RESOURCES LIMITED — Major Shareholding Notification 2012

Jun 18, 2012

FACSIMILE TRANSMITTAL SHEET

TC.	TRUM:
Company Announcements Office	Maggie Tang
COMPANYAustralian Securities Exchange	DATEJune 18, 2012
FUNNUMBER011-61-2-9778-0999/ 61-2-9347-0005	TUTAL NO. OF PAGES INCLUDING COVER4
PLONE NUMBER	SENDER'S PHONE NUMBER:416-943-4072
K.FORM 604	SPNDFR'S FAX NUMBER416-943-6497
ELPLEASE COMMENT$\Box$ FOR REVIEWEI URGENT	THE ASE REPLY LPLEASE RECYCLE

NOTES/COMMENTS

Dear Sir/Madam,

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

Sincerely, Maggie Tang

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Ramelius Resources Limited
ACN/ARSN	51 001 717 540
1. Dotalls of substantial holder (1)
Namo	Sprott Asset Management LP (SAM)
ACN/ARSN (if applicable)
There was a change in the interests of thesubstantial holder on		$\text{Ma} \neq 2012$
The previous notice was given to the company on		December 2011
The previous notice was dated		December 2011

2. Provious and present voting power

The total number of votes attached to all the voting shares in the company or voling interests In the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now r scheme, are as follows:

Class of securities (4)	Previous notice	Present notice
	Person's votes	Voling power (5)	Porson's votes	Voting power (5)
" Crdinary Shares -	-52,519,910-	15.69.	32.356.480	-9 - 90

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 secunties of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are asfollows:

Date ofChange	Personwhoserelevantnterestchanged	Nature ofChange	Consideration given in relationto change		Class and number of securities affected
						ordinaryshares
$16 - Dec - 11$	SAM	Seil	1.1675	AUD	298 996	ordinary :
$22 - 20c - 11$	SAM	Sc.	1.1301	AUD	160.000	shares
						ordinary
$4 - Jan - 12$	SAM	Se I	11168	AUD	62.000	shares
						ordinary
5-Jan-12	SAM	Set	11074	AUD	188 000	shares
						ordinary
$6 -$ Jan $-12$	SAM	Se l	1.1214	AUD	100.000	shares
						ordinaryshares
$10 - Jan - 2$	SAM	Sel	1.0966	AUD	200,000	ordinary
$12 - Jan-12$	SAM	Sel	10716	AUD	87.834	shares
						ordinary
$12 - Jan - 12$	SAM	Sel	1.0735	AUD	139,700	shares
						ordinary
$3-Feb-12$	SAM	Set	10931	AUD	66,500	shares
						ordinary
$9-Feb-12$	SAM	Sel	11354	AUD	79,000	shares
						ordinary
15-Mar-12	SAM	Seil	0.9071	AUD	239,900	sharesordinary
22-Mar-12	SAM	Sell	08200	AUD.	271 300	shares

						ordinary
30-Mar-12	SAM	Sell	0.6685	AUD	73.200	sharesordinary
8-May-12	SAM	Sell	0.4913	AUD	1,140,000	sharesordinary
$9.$ May-12	SAM	Sell	0.4368	AUD.	1.174.000	sharesordinary
10-May-12	SAM	Soll	0.4613	ALD.	3,300,000	sharesordinary
11-May-12	SAM	Sell	05163	AUD	3.500.000	shares
11-May-12	SAM	Sell	05127	AUD	773 000	ordinaryshares
	SAM	Sell	0.5011	AUD	3.030.000	ordinaryshares
14-May-12	SAM	Sell	0.4688	AUD.	1,021.800	ordinaryshares
15-May-12		Soll	0.4740	AUD	1.346.940	ordinaryshares
16-May-12	SAM		04638	AUC	478,200	ordinaryshares
15-May-12	SAM	Sell	0.4740	AUD	653,060	ordinaryshares
16-May-12	SAM	Sell			800,000	ardinaryshares
$17 - Max - 12$	SAM	Sell	0.4819	AUD

4. Present relevant interests

$\lambda$

Particulars of each relevant Interest of the substantial holder in voting securities after the change are as follows.

Holder of relevantinterest	Registered holder ofsecurities	Person entitledto be registered.as holder (8)	Nature of relevantinterest (6)	Cass andnumber ofsecurities	Person's votes
3A1	RPC DexisInvestorServices		Sprott Asset Management LPis the portfolic manager	ordinaryShares16,700,276	15, 70.7, 776
S N/	CormarkSecuritiesInc.	funds and managedaccounts.	acting on behalf of various	CrdinaryShares.10,090,440	10,080,446
SAY.	Scotia Capital			OrdinalyShares6,311,764	6,311 764
-3 AM	Credit Suisse			OrdinaryShares264,000	264,000

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, thesubstantial holder in rolation to veting interests in the company or scheme are as fo

Name and ACN/ARSN (if applicable) Nature of association

6. Addresses

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

: Name	Address
Sprott Asset Management LP	200 Bay Street, Suite 2700, P O.Box 27Toronto, ON Canada M5J 2J1

Signature

print name	capacityKirstin McTaggart	Chief Compliance Officer1.11111
sign here	dato	-June 18, 2012.

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interosts (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 manager and trustee of an equity trust), the names could be included in an an names and addresses of members is dearly 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 "relevant interest" in sections 608 and 67 : B(7) of the Corporations Act 2001.
• (4) The voting shares of a company constitute one class unless divided into separate classes.
• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• (6) Include details of
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6718(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 arrangoment, and
  • any qualification of the power of a porson to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal $(\cup)$ of the securities to which the rolevant 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.

• (7) Dotails 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. Detai or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or lts associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• (8) fthe substantial holder is unable to determine the identity of the person (eg. If the relevant interest anses because of an option) write "unknown".

$\ddot{\phantom{a}}$

(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice