REGIS RESOURCES LIMITED — Major Shareholding Notification 2016

May 11, 2016

Form 604 Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Regis Resources Limited
ACN/ARSN	009 174 761
Details of substantial holder (1)1.Name	Van Eck Associates Corporation (and its associates referred to in paragraph 6).
ACN/ARSN (if applicable)	N/A
There was a change in the interests of thesubstantial holder on	09/05/2016
The previous notice was given to the company on	31/03/2016
The previous notice was dated	30/03/2016

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:

	Previous notice		Present notice
Class of securities (4)	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary shares	54.528.444	10.91%	59,815,265	$11.97%$

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 or scheme are as follows:

Date ofchange	Person whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person's votesaffected
	Van Eck Associates See Annexure 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	Registered	Person entitled	Nature of	Class and	Person's votes
relevant	holder of	to be registered	relevant	number of
interest	securities	as holder (8)	interest (6)	securities
VEAC	lBank of New YorkMellon as custodianlfor VanEck VectorslGold Miners ETF	Miners ETF (GDX)	WanEck Vectors Gold IVEAC holds its relevantlinterest by having thebower to exercise, controlthe exercise of, orlinfluence the exercise of,the voting powers ordisposal of the securities	Ordinary shares27.246.762	5.45%

VEAC	Bank of New YorkMellon as custodianfor VanEck VectorsJunior Gold MinersETF	VanEck VectorsJunior Gold MinersETF (GDXJ)	Same as above.	Ordinary shares31,642,608	6.33%
VEAC	Bank of New YorkMellon as custodianfor VanEck VectorsAustralian EmergingResources ETF	VanEck VectorsAustralian EmergingResources ETF(MVE.AU)	Same as above.	Ordinary shares32,317	0.01%
VEAC	Bank of New YorkMellon as custodianfor VanEck VectorsAustralian ResourcesETF	VanEck VectorsAustralian ResourcesETF (MVR.AU)	Same as above.	Ordinary shares14,346	0.003%
VEAC	Bank of New YorkMellon as custodianfor VanEck VectorsSmall Cap DividendPayers ETF	VanEck VectorsSmall Cap DividendPayers ETF(MVS.AU)	Same as above.	Ordinary shares166,821	0.03%
VEAC	Bank of New YorkMellon as custodianfor VanEck VectorsGold Miners UCITSETF	VanEck Vectors Gold Same as above.Miners UCITS ETF(UCTGDX)		Ordinary shares460,474	$0.09%$
VEAC	Bank of New YorkMellon as custodianfor VanEck VectorsJunior Gold MinersUCITS ETF	VanEck Vectors®Junior Gold MinersUCITS ETF(UCTGDXJ)	Same as above.	Ordinary shares251,937	0.05%

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:

Nameandapplicable '	ACN/ARSN	$\cdots$(it	Nature of association
_______________________________________

		_______________________________________
_______________________________________	_______________________________________	the property of the control of the control of the control of_______________________________________

6. Addresses

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

Name	Address
VEAC	666 Third Avenue, New York, NY 10017
Van Eck Securities Corporation	666 Third Avenue, New York, NY 10017
Van Eck Absolute Return Advisers, Inc.	666 Third Avenue, New York, NY 10017
VanEck Australia Pty Ltd	Gold Fields House, Level 3, 1 Alfred Street, Sydney NSW 2000
VanEck investments Limited	Gold Fields House, Level 3, 1 Alfred Street, Sydney NSW 2000

Signature

	print name Andrew Tilzer	capacity	Assistant VP
sign here		date	11/05/2016

DIRECTIONS

• 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 $(1)$ 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.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• Include details of: $(6)$
  • any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy $(a)$ 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
  • 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 $(b)$ 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.

• 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, $(7)$ 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 on 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.
• 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". $(8)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$

GUIDE

This guide does not form part of the prescribed form and is included by ASIC to assist you in completing and lodging form 604.

Signature	This form must be signed by either a director or a secretary of the substantial holder.
Lodging period	Nil
Lodging Fee	Nil
Other forms to becompleted	Nil
Additional information	(a)	If additional space is required to complete a question, the information may be included on a separate piece ofpaper annexed to the form.
	(b)	This notice must be given to a listed company, or the responsible entity for a listed managed investment scheme.A copy of this notice must also be given to each relevant securities exchange.
	(c)	The person must give a copy of this notice:
		within 2 business days after they become aware of the information; or(i)
		by 9.30 am on the next trading day of the relevant securities exchange after they become aware of the(ii)information if:
		a takeover bid is made for voting shares in the company or voting interests in the scheme; and(A)
		(B)the person becomes aware of the information during the bid period.
Annexures	23456	To make any annexure conform to the regulations, you must1 use A4 size paper of white or light pastel colour with a margin of at least 10mm on all sidesshow the corporation name and A.C.N or ARBNnumber the pages consecutivelyprint or type in BLOCK letters in dark blue or black ink so that the document is clearly legible when photocopiedidentify the annexure with a mark such as A, B, C, etc.endorse the annexure with the words:This is annexure (mark) of (number) pages referred to in form (form number and title)7 sign and date the annexure.The annexure must be signed by the same person(s) who signed the form.

Information in this guide is intended as a guide only. Please consult your accountant or solicitor for further advice.

Holder of relevant	Date of		Consideration	Consideration Non-
interest	Acquisition/Disposal	B/S	Cash	cash	Number of Securities
GDX	$1/11/2016$ B		$	In-Kind	165,280
MVRAU	$1/11/2016$ S		$1,184	$\overline{\mathsf{S}}$$\tilde{\phantom{a}}$	498
MVSAU	$1/11/2016$ S		$6,540	$	2,750
GDX	$1/12/2016$ B		$	In-Kind	490,675
GDX	$1/13/2016$ S		$	In-Kind	516,500
GDX	$1/14/2016$ B		$\overline{\varsigma}$	In-Kind	154,950
GDXJ	1/14/2016B		$	In-Kind	116,448
MVSAU	1/14/2016B		$	In-Kind	8,824
GDX	$1/15/2016$ B		$	In-Kind	759,255
UCTGDX	$1/15/2016$ S		$1,909	$	827
UCTGDXJ	$1/15/2016$ S		$1,731	$	750
GDX	1/19/2016B		$	In-Kind	51,650
GDXJ	$1/19/2016$ B		$	In-Kind	77,612
GDX	$1/21/2016$ B		$	In-Kind	67,145
GDX	$1/26/2016$ B		$\overline{\mathsf{S}}$ù,	In-Kind	98,135
GDX	$1/27/2016$ B		$\overline{\xi}$	In-Kind	46,485
GDXJ	1/27/2016 S		$\overline{\boldsymbol{\zeta}}$¥	In-Kind	77,612
GDX	$1/28/2016$ S		$	In-Kind	268,580
GDX	$1/29/2016$ S		$\overline{\boldsymbol{\zeta}}$¥	In-Kind	532,098
GDX	$2/1/2016$ S		$đ	In-Kind	206,600
GDX	$2/2/2016$ S		$\overline{\xi}$¥	In-Kind	185,940
GDX	$2/3/2016$ S		$\overline{\varsigma}$÷,	In-Kind	929,700
GDXJ	$2/3/2016$ S		$\overline{\varsigma}$ü,	In-Kind	155,352
GDX	$2/4/2016$ S		$\overline{\xi}$$\overline{a}$	In-Kind	10,330
GDXJ	$2/4/2016$ S		$\overline{\xi}$¥	In-Kind	155,360
GDX	2/8/2016 B		$\overline{\varsigma}$$\overline{\phantom{a}}$	In-Kind	397,705
GDX	2/9/2016B		$÷	In-Kind	92,970
GDX	2/10/2016B		$\overline{\boldsymbol{\zeta}}$$\overline{\phantom{a}}$	In-Kind	30,990
GDXJ	$2/10/2016$ S		$\overline{\xi}$÷	In-Kind	194,000
GDX	2/11/2016 B		$$\frac{1}{2}$	In-Kind	537,160
GDX	2/12/2016B		$۰	In-Kind	103,300
GDX	$2/16/2016$ B		$\overline{\boldsymbol{\varsigma}}$	In-Kind	20,660
GDX	$2/17/2016$ S		$\overline{\mathsf{S}}$	In-Kind	361,550
GDXJ	$2/17/2016$ S		$\overline{\boldsymbol{\varsigma}}$	In-Kind	194,050
GDX	$2/18/2016$ S		$\overline{\boldsymbol{\zeta}}$	In-Kind	10,330
MVEAU	2/18/2016 B		$256	$÷	98
MVSAU	2/18/2016 S		$240	$	92
GDX	2/19/2016 B		$\overline{\boldsymbol{\varsigma}}$	In-Kind	123,960
GDX	$2/22/2016$ S		$\overline{\xi}$	In-Kind	5,165
MVRAU	2/22/2016 B		$226	$÷.	88
GDX	$2/23/2016$ B		$\overline{\varsigma}$	In-Kind	397,628
MVRAU	2/23/2016 B		$151	$	58
GDX	$2/24/2016$ S		$	In-Kind	20,656
MVEAU	2/24/2016 B		$193	$$\rightarrow$	74
GDX	$2/25/2016$ B		$	In-Kind	247,872
MVSAU	$2/25/2016$ B		$\overline{\varsigma}$	In-Kind	8,822
GDX	$2/26/2016$ S		$	In-Kind	103,300
MVSAU	2/29/2016 B		$\overline{\xi}$1,418	$\frac{1}{2}$	549
GDX	$3/1/2016$ S		$\overline{\mathsf{S}}$	In-Kind	449.529

This is Annexure A of 3 pages referred to in Form 604 -Notice of change of interests of substantial holder

Holder of relevant	Date of		Consideration		Consideration Non-
interest	Acquisition/Disposal	B/S		Cash	cash	Number of Securities
MVEAU	$3/1/2016$ B		$	181	$	68
MVRAU	$3/1/2016$ B		$	224	$\overline{\xi}$	84
GDX	$3/2/2016$ S		$		In-Kind	77,505
GDXJ	$3/2/2016$ S		$		In-Kind	330,225
GDX	$3/4/2016$ S		$\overline{\xi}$		In-Kind	516,700
GDXJ	$3/4/2016$ S		$	373,941	$÷	138,563
GDXJ	$3/4/2016$ S		$		In-Kind	77,724
UCTGDXJ	$3/4/2016$ S		$	1,921	$÷.	712
GDX	$3/8/2016$ B		$		In-Kind	10,332
MVEAU	3/8/2016 B		$	312	$Ŵ.	115
MVSAU	3/8/2016 B		$	1,074	$\overline{\xi}$۰	396
GDX	3/9/2016 S		$\overline{\boldsymbol{\varsigma}}$		In-Kind	284,185
GDXJ	$3/9/2016$ S		$	234,569	$$\overline{\phantom{a}}$	89,593
MVRAU	3/9/2016 B		$	139	$×	53
MVRAU	$3/9/2016$ B		$\overline{\boldsymbol{\varsigma}}$		In-Kind	6,449
UCTGDXJ	$3/9/2016$ B		$\overline{\xi}$	78,972	$$\overline{\phantom{a}}$	30,121
GDX	3/10/2016 S		$\overline{\mathsf{S}}$		In-Kind	382,358
GDX	$3/11/2016$ S		$		In-Kind	769,883
GDX	$3/14/2016$ S		$		In-Kind	263,517
GDXJ	$3/14/2016$ S		$		In-Kind	326,893
MVSAU	$3/16/2016$ S		$	870	$\zeta$$\overline{\phantom{a}}$	382
GDX	$3/17/2016$ B		$		In-Kind	1,964,600
GDXJ	$3/17/2016$ S		$\overline{\xi}$		In-Kind	96,130
GDX	$3/18/2016$ S		$\overline{\mathsf{S}}$	11,080,821	$$\blacksquare$	4,676,855
GDX	$3/18/2016$ S		$		In-Kind	289,632
GDXJ	3/18/2016B		$\overline{\mathsf{S}}$	2,819,805	$$\overline{\phantom{a}}$	1,189,791
GDXJ	$3/18/2016$ B		$		In-Kind	115,392
MVEAU	$3/18/2016$ S		$	2,058	$×	869
MVRAU	$3/18/2016$ S		$	26,782	$$\overline{\phantom{a}}$	11,309
MVSAU	$3/18/2016$ S		$\overline{\boldsymbol{\varsigma}}$	12,329	$÷,	5,206
UCTGDX	$3/18/2016$ S		$	182,059	$$\overline{\phantom{a}}$	76,872
UCTGDXJ	3/18/2016B		$\overline{\xi}$	23,207	$	9,785
GDXJ	3/21/2016 B		$	757,291	$÷,	308,090
MVRAU	$3/21/2016$ S		$	61	$÷	25
UCTGDXJ	$3/21/2016$ B		$	7,802	$$\omega$	3,235
GDX	$3/24/2016$ S		$		In-Kind	222,100
GDX	$3/28/2016$ S		$		In-Kind	266,520
GDX	3/29/2016B		$\overline{\xi}$		In-Kind	177,680
GDXJ	$3/29/2016$ B		$		In-Kind	102,420
GDXJ	$3/31/2016$ B		$	437,870	$$\overline{\phantom{a}}$	178,357
GDXJ	$3/31/2016$ S		$		In-Kind	81,932
GDXJ	$4/1/2016$ B		$\overline{\boldsymbol{\varsigma}}$	1,646,416	$	681,523
UCTGDXJ	$4/1/2016$ B		$	16,610	$	6,859
GDX	$4/5/2016$ S		$\overline{\mathsf{S}}$		In-Kind	573,147
GDXJ	$4/5/2016$ B		$\overline{\xi}$		In-Kind	168,848
MVSAU	4/5/2016 B		$\overline{\xi}$	1,220	$	508
GDX	4/6/2016S		$\overline{\xi}$		In-Kind	8,884
GDX	$4/7/2016$ S		$\overline{\varsigma}$		In-Kind	151,028
GDXJ	$4/7/2016$ B		$\overline{\boldsymbol{\zeta}}$		In-Kind	253,272

This is Annexure A of 3 pages referred to in Form 604 -Notice of change of interests of substantial holder

Holder of relevant	Date of		Consideration		Consideration Non-
interest	Acquisition/Disposal	B/S	Cash		cash	Number of Securities
GDX	4/8/2016 S		$\overline{\mathsf{S}}$		In-Kind	133,260
GDX	4/11/2016 S		$		In-Kind	533,040
GDXJ	$4/11/2016$ B		$\overline{\varsigma}$		In-Kind	211,080
UCTGDX	$4/11/2016$ S		$\overline{\varsigma}$	41,854	$\mathsf{S}$	17,236
GDXJ	$4/12/2016$ B		$\overline{\varsigma}$		In-Kind	168,856
GDX	$4/14/2016$ S		$\overline{\varsigma}$		In-Kind	266,460
GDXJ	$4/14/2016$ B		$\overline{\mathsf{s}}$		In-Kind	401,090
GDX	$4/15/2016$ S		$\overline{\varsigma}$		In-Kind	53,292
GDX	4/19/2016B		$\overline{\varsigma}$	171,217	$\mathsf{S}$$\omega$	67,097
GDXJ	4/19/2016 B		$\overline{\boldsymbol{\varsigma}}$		In-Kind	84,448
GDXJ	4/20/2016B		$\overline{\boldsymbol{\varsigma}}$		In-Kind	422,220
MVSAU	$4/21/2016$ B		$	8,860	$$\tilde{z}$	3,405
UCTGDX	4/22/2016B		$\overline{\varsigma}$	11,841	$\overline{\mathsf{S}}$$\equiv$	4,465
GDX	4/26/2016B		$\overline{\xi}$		In-Kind	333,075
GDXJ	4/26/2016B		$\overline{\varsigma}$		In-Kind	42,244
UCTGDX	$4/26/2016$ B		$\overline{\varsigma}$	36,906	$\mathsf{S}$$\overline{\phantom{a}}$	13,821
GDX	4/27/2016 S		$\overline{\xi}$		In-Kind	888,200
GDXJ	4/27/2016 B		$		In-Kind	211,210
GDXJ	$4/28/2016$ B		$		In-Kind	232,298
UCTGDX	4/28/2016 S		$\overline{\varsigma}$	12,706	$\zeta$	4,607
UCTGDXJ	4/28/2016 S		$\overline{\varsigma}$	47,177	$\zeta$$\blacksquare$	17,105
GDX	4/29/2016B		$\overline{\varsigma}$		In-Kind	546,243
GDXJ	$4/29/2016$ B		$\overline{\boldsymbol{\varsigma}}$	۰	In-Kind	971,520
GDXJ	5/2/2016 B		$	Ξ	In-Kind	232,298
GDX	$5/3/2016$ B		$\overline{\mathsf{s}}$		In-Kind	195,404
GDXJ	5/3/2016 B		$		In-Kind	908,074
UCTGDXJ	5/3/2016 B		$\overline{\xi}$	105,789	$\zeta$$\overline{\phantom{a}}$	34,212
GDX	5/4/2016 B		$\overline{\varsigma}$		In-Kind	17,760
UCTGDXJ	$5/4/2016$ B		$\overline{\varsigma}$	51,012	$\overline{\mathsf{s}}$	17,106
GDX	$5/5/2016$ B		$\overline{\varsigma}$		In-Kind	377,400
GDX	$5/6/2016$ B		$\overline{\varsigma}$		In-Kind	235,320
GDXJ	5/6/2016B		$\overline{\overline{\overline{\overline{\overline{\overline{\overline{\overline{\overline{\overline{\overline{\overline{\overline{\over$		In-Kind	126,690
GDXJ	5/6/2016 S		$\overline{\varsigma}$	1,113,412	$	364,115
UCTGDXJ	$5/6/2016$ S		$\overline{\boldsymbol{\zeta}}$	13,993	$\overline{\mathsf{S}}$¥.	4,576
GDX	5/9/2016 B		$\overline{\varsigma}$		In-Kind	541,680
GDXJ	5/9/2016B		$\overline{\mathsf{s}}$	$\blacksquare$	In-Kind	415,220

This is Annexure A of 3 pages referred to in Form 604 -Notice of change of interests of substantial holder

In-Kind transactions result from the ETF receiving a basket of securities in exchange for securities in the ETF.

In-Kind transactions refers to how market makers of exchange traded funds (ETF) can reconcile the differences between net asset value (NAV) and market values when shares of the ETFs are bought and sold. The market maker can arbitrage the ETF shares with the shares that make up the underlying portfolio, by creating or redeeming lots of the ETF shares. This structure causes ETFs to be treated as "in kind" transactions where investors only pay capital gains like with stocks, as opposed to other fees associated with mutual funds.

$\triangle\mathcal{T}$