RAMELIUS RESOURCES LIMITED — Major Shareholding Notification 2020

Sep 23, 2020

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Ramelius Resources Limited
ACN/ARSN	001 717 540
1. Details of substantial holder (1)
Name	Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those
	listed in Annexure A)
ACN/ARSN (if applicable)	N/A
The holder became a substantial holder on	18 September 2020

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Ordinary	42,747,141	42,747,141	5.285%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Vanguard Group	Vanguard Group is the manager of various Mutual funds	Ordinary – 42,747,141
	and accounts and in that capacity has the power to dispose
	of the shares. The other members of Vanguard Group have
	a relevant interest under section 608(3) of the Corporations
	Act.

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant	Registered holder of	Person entitled to be	Class and
interest	securities	registered as holder (8)	number of
			securities
Vanguard Group	Brown Brothers Harriman	Various funds and accounts of Vanguard Group	Ordinary –295,722
Vanguard Group	BNY Mellon	Various funds and accounts of Vanguard Group	Ordinary –2,893,415
Vanguard Group	JP Morgan Chase Bank,N.A.	Various funds and accounts of Vanguard Group	Ordinary –23,256,577
Vanguard Group	State Street Bank and TrustCompany	Various funds and accounts of Vanguard Group	Ordinary –5,475,067
Vanguard Group	Various others	Various funds and accounts of Vanguard Group	Ordinary –10,826,360

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Class and numberof securities
See Annexure A

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

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

7. Addresses

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

Name	Address
Vanguard Group	P.O. Box 2600, V26 Valley Forge, PA 19482 USA

print name Shawn Acker capacity Compliance Manager

sign here date 23 September 2020

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related 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 names and addresses of members is clearly set out in paragraph 7 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 671B(7) of the Corporations Act 2001.
• (4) The voting shares of a company constitute one class unless divided into separate classes.
• (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an Associate has a relevant interest in.
• (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• (7) Include details of:
  • (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) 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
  • (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal 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.

• (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) Details of the consideration must include any and all benefits, moneys and other, that any person from whom a relevant interest has 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 of its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

ACN/ARSN 001 717 540

To Company Ramelius Resources Limited

Substantial Holder Name Vanguard Group ACN/ARSN N/A

			Consideration
		Nature of	given in relation		Number of securities	Person's votes
Date of change	Person whose relevant interest changed	Change(6)	to change(7)	Class	affected	affected
	22-May-2020 The Vanguard Group, Inc.	SELL		1.62 Ordinary	(21,306)	(21,306)
	27-May-2020 The Vanguard Group, Inc.	BUY		1.74 Ordinary	2,209,914	2,209,914
	27-May-2020 The Vanguard Group, Inc.	BUY		1.74 Ordinary	22,837	22,837
	27-May-2020 The Vanguard Group, Inc.	BUY		1.74 Ordinary	108,839	108,839
	27-May-2020 The Vanguard Group, Inc.	BUY		1.74 Ordinary	711,539	711,539
	27-May-2020 The Vanguard Group, Inc.	BUY		1.74 Ordinary	90,416	90,416
	27-May-2020 The Vanguard Group, Inc.	BUY		1.74 Ordinary	380,374	380,374
	28-May-2020 The Vanguard Group, Inc.	BUY		1.72 Ordinary	38,042	38,042
	28-May-2020 The Vanguard Group, Inc.	BUY		1.66 Ordinary	11,664	11,664
	28-May-2020 The Vanguard Group, Inc.	BUY		1.72 Ordinary	1,874	1,874
	28-May-2020 The Vanguard Group, Inc.	BUY		1.72 Ordinary	12,248	12,248
	28-May-2020 The Vanguard Group, Inc.	BUY		1.72 Ordinary	1,556	1,556
	28-May-2020 The Vanguard Group, Inc.	BUY		1.72 Ordinary	6,548	6,548
	1-Jun-2020 The Vanguard Group, Inc.	BUY		1.79 Ordinary	4,860	4,860
	2-Jun-2020 The Vanguard Group, Inc.	BUY		1.74 Ordinary	14,580	14,580
	4-Jun-2020 The Vanguard Group, Inc.	BUY		1.62 Ordinary	4,860	4,860
	8-Jun-2020 The Vanguard Group, Inc.	SELL		1.67 Ordinary	(37,359)	(37,359)
	11-Jun-2020 The Vanguard Group, Inc.	BUY		1.72 Ordinary	4,860	4,860
	11-Jun-2020 The Vanguard Group, Inc.	SELL		1.72 Ordinary	(16,780)	(16,780)
	17-Jun-2020 The Vanguard Group, Inc.	BUY		1.84 Ordinary	911	911
	19-Jun-2020 The Vanguard Group, Inc.	SELL		1.79 Ordinary	(24,871)	(24,871)
	24-Jun-2020 The Vanguard Group, Inc.	SELL		2.14 Ordinary	(5,616)	(5,616)
	30-Jun-2020 The Vanguard Group, Inc.	SELL		2.03 Ordinary	(4,680)	(4,680)
	30-Jun-2020 The Vanguard Group, Inc.	BUY		2.05 Ordinary	10,930	10,930
	15-Jul-2020 The Vanguard Group, Inc.	SELL		2.01 Ordinary	(11,664)	(11,664)
	15-Jul-2020 The Vanguard Group, Inc.	SELL		2.01 Ordinary	(3,888)	(3,888)
	27-Jul-2020 The Vanguard Group, Inc.	SELL		2.30 Ordinary	(15,780)	(15,780)
	13-Aug-2020 The Vanguard Group, Inc.	SELL		1.93 Ordinary	(3,888)	(3,888)
	17-Aug-2020 The Vanguard Group, Inc.	BUY		2.02 Ordinary	11,232	11,232
	17-Aug-2020 The Vanguard Group, Inc.	BUY		2.02 Ordinary	8,424	8,424
	27-Aug-2020 The Vanguard Group, Inc.	BUY		2.01 Ordinary	5,835	5,835
	1-Sep-2020 The Vanguard Group, Inc.	SELL		2.15 Ordinary	(297,011)	(297,011)
	1-Sep-2020 The Vanguard Group, Inc.	BUY		2.15 Ordinary	297,011	297,011
	11-Sep-2020 The Vanguard Group, Inc.	BUY		2.30 Ordinary	1,285	1,285
	17-Sep-2020 The Vanguard Group, Inc.	BUY		2.46 Ordinary	39,000	39,000
	17-Sep-2020 The Vanguard Group, Inc.	BUY		2.46 Ordinary	15,727	15,727
	18-Sep-2020 The Vanguard Group, Inc.	BUY		2.48 Ordinary	8,430	8,430
	18-Sep-2020 The Vanguard Group, Inc.	BUY		2.48 Ordinary	302,856	302,856
	18-Sep-2020 The Vanguard Group, Inc.	BUY		2.48 Ordinary	122,121	122,121
	18-Sep-2020 The Vanguard Group, Inc.	BUY		2.48 Ordinary	8,713	8,713
	26-May-2020 Vanguard Investments Australia Ltd.	BUY		1.78 Ordinary	55,478	55,478
	27-May-2020 Vanguard Investments Australia Ltd.	BUY		1.73 Ordinary	70,949	70,949
	1-Jun-2020 Vanguard Investments Australia Ltd.	BUY		1.76 Ordinary	20,678	20,678
	11-Jun-2020 Vanguard Investments Australia Ltd.	BUY		1.78 Ordinary	22,920	22,920
	12-Jun-2020 Vanguard Investments Australia Ltd.	BUY		1.71 Ordinary	26,138	26,138
	19-Jun-2020 Vanguard Investments Australia Ltd.	BUY		1.79 Ordinary	48,501	48,501
	19-Jun-2020 Vanguard Investments Australia Ltd.	BUY		1.79 Ordinary	57,299	57,299
	19-Jun-2020 Vanguard Investments Australia Ltd.	BUY		1.79 Ordinary	42,770	42,770
	19-Jun-2020 Vanguard Investments Australia Ltd.	BUY		1.79 Ordinary	582,382	582,382
	19-Jun-2020 Vanguard Investments Australia Ltd.	BUY		1.79 Ordinary	500,353	500,353
	19-Jun-2020 Vanguard Investments Australia Ltd.	BUY		1.79 Ordinary	1,958,002	1,958,002
	30-Jun-2020 Vanguard Investments Australia Ltd.	SELL		1.99 Ordinary	(51,420)	(51,420)
	10-Jul-2020 Vanguard Investments Australia Ltd.	BUY		2.08 Ordinary	40,532	40,532
	5-Aug-2020 Vanguard Investments Australia Ltd.	SELL		2.21 Ordinary	(47,393)	(47,393)
	12-Aug-2020 Vanguard Investments Australia Ltd.	BUY		1.93 Ordinary	32,455	32,455
	21-Aug-2020 Vanguard Investments Australia Ltd.	BUY		2.01 Ordinary	12,264	12,264
	1-Sep-2020 Vanguard Investments Australia Ltd.	BUY		2.15 Ordinary	400,774	400,774
	2-Sep-2020 Vanguard Investments Australia Ltd.	SELL		2.13 Ordinary	(31,907)	(31,907)
	4-Sep-2020 Vanguard Investments Australia Ltd.	BUY		2.12 Ordinary	5,788	5,788
	17-Sep-2020 Vanguard Investments Australia Ltd.	BUY		2.46 Ordinary	80,959	80,959
	17-Sep-2020 Vanguard Investments Australia Ltd.	BUY		2.46 Ordinary	62,322	62,322

Annexure A

		Nature of	Considerationgiven in relation		Number of securities	Person's votes
Date of change	Person whose relevant interest changed	Change(6)	to change(7)	Class	affected	affected
	17-Sep-2020 Vanguard Investments Australia Ltd.	BUY		2.46 Ordinary	159,548	159,548
	17-Sep-2020 Vanguard Investments Australia Ltd.	BUY		2.46 Ordinary	28,770	28,770
	18-Sep-2020 Vanguard Investments Australia Ltd.	BUY		2.48 Ordinary	628,686	628,686
	18-Sep-2020 Vanguard Investments Australia Ltd.	BUY		2.48 Ordinary	483,957	483,957
	18-Sep-2020 Vanguard Investments Australia Ltd.	BUY		2.48 Ordinary	1,238,969	1,238,969
	18-Sep-2020 Vanguard Investments Australia Ltd.	BUY		2.48 Ordinary	223,411	223,411

This is Annexure A of 2 pages referred to in Form 603, Notice of initial substantial holder.

Signature:

Name: Shawn Acker

Capacity: Compliance Manager

Date: 23 September 2020