RAREX LIMITED — Major Shareholding Notification 2016

May 19, 2016

			Form 605 Section 671B	Corporations Act 2001
				Notice of ceasing to be a substantial holder
To Company Name/Scheme		Clancy
ACN/ARSN			ancy Exploration Limited
1. Details of substantial holder(1)
Name			Gold Fields united
ACN/ARSN (if applicable)
The holder ceased to be a substantial holder on			615116
The previous notice was given to the company on The previous notice was dated			$30/6/15$ 29/6/15
2. Changes in relevant interests
		Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:
	Date of change	Person whose relevant interest changed	Nature of change (4)	Consideration given in relation to change(5)	Class (6) and number of securities affected	Person's votes affected
	16	St Ives Gold Mining Company Pty Ud	Dilution due to equity issue		17764,783	17764783
3. Changes in association interests in the company or scheme are as follows:	ι	The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting
		Name and ACN/ARSN (if applicable)		Nature of association
4. Addresses
		The addresses of persons named in this form are as follows:
	Name		Address
	Sflues Gold Fields	Um4d		L5, 50 calin St west Perly WA 6005 150 Helen Rol Sandton Johannesburg St Africa
Signature
	print name	Alan Gibson
	sign here					capacity Head of Legal-Coup Development