RAMELIUS RESOURCES LIMITED — Major Shareholding Notification 2025

Jun 11, 2025

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Spartan Resources Limited ( Spartan ) ACN/ARSN 139 522 900

1. Details of substantial holder(1)

Ramelius Resources Limited ( Ramelius ) and each of the other entities listed in Annexure A (the Ramelius Name Group Entities ) ACN/ARSN (if applicable) 001 717 540

There was a change in the interests of the substantial holder on N/A The previous notice was given to the company on 12/12/2024 The previous notice was dated 12/12/2024

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 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	Previous notice	Present notice	Present notice
	Person’s votes	Voting power (5)	Person’s votes	Voting power (5)
Ordinary shares (Shares)	254,599,812	19.9%	254,599,812	19.9%

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 a substantial holding notice to the company are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected
N/A	N/A	N/A	N/A	N/A	N/A

4. Present 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
Ninghan Exploration Pty Limited	Ninghan Exploration PtyLimited	Ninghan Exploration Pty Limited	Relevant interest under section 608(1) of the CorporationsAct	99,703,429 Shares	99,703,429
Mt Magnet Gold Pty Limited	Various on- market participants	Mt Magnet Gold Pty Limited	Relevant interest under section 608(1) of the CorporationsAct	100,000,000 Shares	100,000,000
Ramelius	Ramelius	Ramelius	Relevant interest under section 608(1) of the CorporationsAct	54,896,383 Shares	54,896,383
Ramelius and each Ramelius Group Entity	Ramelius and each Ramelius GroupEntity	Ramelius and each Ramelius Group Entity	Relevant interest under section 608(3) of the Corporations Act	254,599,812 Shares	254,599,812

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:

Name andACN/ARSN(ifapplicable)	Nature ofassociation
Each of the Ramelius Group Entities	Each of the Ramelius Group Entities is a body corporate that is controlled by Ramelius

6. Addresses

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

	Name Address
	Ramelius and each of the Ramelius Level 1, 130 Royal Street, East Perth WA 6004
	GroupEntities
	Spartan Resources Limited Level 1, 87 Colin Street, West Perth WA 6005
Signature print name Richard Jones capacity: Company Secretary
	sign here date 12/06/2025
	DIRECTIONS
(1)	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 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.
(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 person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.
(6)	Include details of:
	(a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. 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.
(7)	Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest
	was 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 or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant
	interest was acquired.
(8)	If the substantial holder is unable to determine the identify 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.

Annexure A

This is Annexure A of 1 page referred to in the Form 604 titled “Notice of Change of Interests of Substantial Holder” signed by me and dated 12 June 2025

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____ Richard Jones Company Secretary 12 June 2025

Details of Ramelius Group Entities

Entities ACN Mt Magnet Gold Pty Limited 008 669 556 RMSXG Pty Limited 614 217 926 Ramelius Operations Pty Limited 621 626 391 Explaurum Limited 114 175 138 Apollo Consolidated Limited 102 084 917 Ramelius Kalgoorlie Pty Ltd 654 590 039 Spectrum Metals Limited 115 770 226 Penny Operations Pty Limited 618 514 944 Edna May Operations Pty Limited 136 365 001 Tampia Operations Pty Limited 153 608 596 Ninghan Exploration Pty Limited 162 214 155 AC Minerals Pty Ltd 139 823 028 Aspire Minerals Pty Ltd 135 789 338 AC28 Pty Ltd 139 461 886 Breaker Resources NL 145 011 178 Musgrave Minerals Limited 143 890 671 Musgrave Exploration Pty Ltd 160 346 887 Ramelius USA Corporation Mount Fouimba Resources Côte d’lvoire S.A. Apollo Guinea SARLU Ramelius Canada Inc Ramelius USA Corporation