RAMELIUS RESOURCES LIMITED — Major Shareholding Notification 2015

Feb 10, 2015

FACSIMILE TRANSMITTAL SHEET

TO: FROM:
Company Announcements Office	Maggie Tang
COMPANY:	DATE
Australian Securities Exchange	February 10, 2015
FAX NUMBER	TOTAL NO. OF PAGES INCLUDING COVER.
011-61-2-9778-0999/61-2-9347-0005	٦
PHONE NUMBER:	SENDER'S PHONE NUMBER:
	416-943-4072
T.E.	SENDER'S FAX NUMBER:
FORM 604	416-943-6497
URGENT $\Box$ PLEASE COMMENT. $\Box$ FOR REVIEW	$\Box$ PLEASE REPLY $\Box$ PLEASE RECYCLE

NOTES/COMMENTS:

Dear Sir/Madam,

Please find attached a Form 604 Notice for Ramelius Resources Limited (RMS). Please do not hesitate to contact me at mtang@sprott.com if you have any questions.

Sincerely, Maggie Tang

$\mathbb{R} \backslash \mathbb{Q} \backslash \mathbb{Y} \backslash \mathbb{A} \backslash \mathbb{L} = \mathbb{B} \backslash \mathbb{A} \backslash \mathbb{N} \backslash \mathbb{K} = \mathbb{P} \backslash \mathbb{L} \backslash \mathbb{A} \times \mathbb{A} \backslash_{\mathbb{R}} = \mathbb{S} \backslash \mathbb{Q} \backslash \mathbb{U} \backslash \mathbb{T} \backslash \mathbb{H} = \mathbb{T} \backslash \mathbb{O} \backslash \mathbb{W} \backslash \mathbb{E} \backslash \mathbb{R} \backslash_{\mathbb{R}}$

SUITE2700, 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/Scheme	Ramelius Resources Limited
ACN/ARSN	51 001 717 540
1. Details of substantial holder (1)

Name	Sprott Asset Management LP (SAM)
ACN/ARSN (if applicable)
There was a change in the interests of the substantial holder on		14/1/2015
The previous notice was given to the company on		15/10/2013
The previous notice was dated		15/10/2013

2. Provious 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 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)	Previous notice		. Present notice
	Porson's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary Shares	46,253,605	12.7%	33,782,449	- 28

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
company or scheme, since the substantial holder was last required to give follows:

Date of Chango	Person whose relevant interest changed	Nature of Change	Class and number of securities affected		Consideration given in relation to chango
31-Dec-14	SAM	Soll	400.000	shares	0.0521	AUD
$2$ Jan-15	SAM	Soll	100,000	shares	0.0513	AUD
5-Jan-15	SAM	Sell	500,000	shares	0.0579	AUD
$6$ -Jan-15	SAM	Sell	342.000	shares	0.0612	AUD
7-Jan-15	SAM	Sell	5.500.000	shares	0.0777	AUD
8-Jan-15	SAM	Soll	1.705.353	ehares	0.07B2	AUD
9-Jan-15	SAM	Sell	1.197.071	shares	0.0773	AUD
12-Jan-15	SAM	Sell	1,000,000	shares	0.0951	AUD
13-Jan-15	SAM	Soll	1.000.000	shares	0.1032	AUD
14-Jan-15	SAM	Sell	726.732	shares	0.0966	AUD

Committee Committee

4. Prosont relevant Interests

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

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
SAM	State Street			Ordinary Shares 26,080,267	26,080,267
SAM	Scotia Capital	SAM is the portfolio manager acting on behalf of certain Sprott funds and managed accounts.		Ordinary Shares 4,376,282	4, 376, 282
SAM	CIBC Mellon			Ordinary Shares 3, 325, 900	3,325,900

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 voting interests in the company or scheme are as follows:

Namo 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 I P	200 Bay Street, Suite 2700, P.O.Box 27 Toronto, ON Canada M5J 2J1

Signature

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. 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 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. $(3)$
• The voling shares of a company constitute one class unless divided into separate classes. $(4)$
• $(5)$ The person's votes divided by the total votes in the body corporato or scheme multiplied by 100.
• Include details of: $_(b)$
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsoction 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, togother with a written statement certifying this contract,