Resolute Mining Limited — Major Shareholding Notification 2013

Jun 25, 2013

	MinterEllisonAWt.	Y E R S
				AURORA PLACE, 68 PHILLIP STREET, SYDNEY, NSW, 2000, DX 117 SYDNEY.
To	Company announcements officeASX.		Facsimile	1300 135 638
	Company SecretaryResolute Mining Limited		Facsimile	+61 8 9322 7597
From	Henry WongEmail: henry.wong@minterellison.com		FacsimileDirect lineOur Ref	+61 2 9921 8058$+61299218536$HLW:SSE:20-6818439
Date	26 June 2013			Number of pages (including this one): 6
Subject	Notice of change of interests of substantial holder

$\bar{\zeta}$

Please find attached a notice of change of interests of substantial holder in relation to shares in Resolute Mining Limited from Van Eck Associates Corporation.

Regards MINTER ELLISON

If you do not receive all pages please telephone +61 2 9921 8536

ME_106764702_1 (W2007)

IMPORTANT - The contents of this facsimile may be privileged and confidential. Any unauthorised use of the contents is expressly prohibited. If you have received the document in error, please advise us by telephone (reverse charges) immediately and then shred the document. Thank you.

604 page 2/2 15 July 2001

Form 604 Corporations Act 2001

Notice of change of interests of substantial holder

To Company Name/Schame	Resolute Mining Limited
ACN/ARSN	.097 088 689$\sim$
1. Details of substantial holder (1)Namo	Ven Eck Associates Corporation (and its associates referred to in paragraph 6).
ACN/ARSN (if applicable)	'n۸concerned to an artist controlcontract and contract and theand the state of the state$\cdots$$\cdots$
	21/06/2013
There was a change in the interests of thesubstantial holder onThe pravious notice was given to the company on	21/03/2013

2. Previous and present voting power

Ŀ.

The total number of votas 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 schemo, are as follows:

Class of securities (4)	Provious notice.distant and an amount of	.	Prosent notico
	Person's votes.	---------------------Voting power (5)	Person's votes	Voting bower (5)
Cromary shares	33,691,540	5.24%	.186.677147	7.36%----
	--	_____---	______	___

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 pchema are as follows:

Date ofchange	Person whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven in relationto change (7)	Class andnumber ofcocurities.affected	Person's volceeffected
	$\cdots$NanEck.Corporation (VEAC)	Associates See Annexure A
				.
		and the component of the component of the contract of the component of the contract of the component of the co	and the company of the company and the company of the company of the company of the company of the company of

4. Present relevant interests

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

Holder ofralavantinterest	Registeredholder ofsecurities	Person entitledto be registeredas holder (8)	Nature ofrelevantInterest (B)	Closs andnumber ofsecurities	Parcon a volco
MEAC	Bank of New YorkMellon as custodian.lior Market VectorsTrust - Junior Gold(Miners ETF	- Junior Gold MinersIETF (GDXJ).	Market Vectors Trust IVEAC holds its relovantlinterost by having thelpower to exercise, controllthe exercise of orImiluence the exercise of,	Ordinary charact147,172,310	7.359%
MEAC	Market VectorslAustralia	(AII S&P/ASX 200Resources(ASX:RSR)	Same as above.	Ordinary shares18.708	10.001%
MEAC	Market VectorsAustralia.	AII S&P/ASX 300Metale and Mining(ASX:MAM)	Same as above.	Ordinary shares15.659	10.001%

ME_106781536_1 (W2007)

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:

		---------		Service		1,000
Namo९ तदapplicable)	ACNIARSNtifan a ann.	Nature of associationThe committee of the common of the contribution matter of the contribution of the contribution of the contribution	$- - -$	the common common
CONTRACTOR	the control of the first party and a property of the	the continue of the components	ستساعدك
مستقلة ومناسبات---		---------			PERSONAL PROPERTY AND RESIDENCE PROPERTY ARE: 12 and 200 millions are 200 millions are 200 millions are 200 millions are 200 millions are 200 millions are 200 millions are 200 millions are 200 millions are 200 millions		.

6. Addresses

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

Name	Address
and the commonNEAC	1335 Madison Avenue, New York, NY 10017
.Van Eck Securities Corporation	. 1335 Madison Avenue, New York, NY 10017$100 - 100$
	[Van Eck Absolute Return Advisers, Inc. 1 [335 Madistin Avenue, New York, NY 10017]

Signature

algn heradateALC:	print name	Russell Brennan	capacity	Assistant Vice President

DIRECTIONS

• if there are a number of substantial holders with almilar or related relevant interests (eg. a corporation and its related corporations, or the manager andtrustee of an equity trust), the names could be included in an ann $(1)$ 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 "relavant Interest" in sections 608 and 6718(7) of the Corporations Act 2001, $(3)$
• $(4)$ 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:
  • any relevant agreement or other circumstances because of which the change in relevant interest eccurred. If subsection 671B(4) applies, a copyof any document setting out the terms of any relevant agreement, and a statemen $(2)$ scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement, and
  • $(b)$ eny qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or dispossi 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,

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant intercst was acquired has, or may,become entitled to receive in retation to that acquisition. Details m $(7)$ contingency. Datalls 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.
• $(5)$ 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".
• $\left( 9\right)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

ME_106761538_1 (W2007)

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	Nä
Lodging Fee	Νij
Other forms to becompleted	ΝIJ
Additional Information	if additional space is required to complete a question, the information may be included on a separate piece of(a)paper annexed to the form.
	This notice must be given to a listed company, or the responsible entity for a listed managed invostment scheme.(b)A copy of this notice must also be given to each relevant securities exchange.
	The person must give a copy of this notice:(c)
	within 2 business days after they become aware of the information; or(i)
	(II)by 9,30 cm on the next trading day of the relevant securities exchange efter they become aware of theinformation it:
	we lakeover bid is made for voling shares in the company or voling interests in the scheme; and
	(B)the person becomes aware of the information during the bid period.
Annexures	To make any annexure conform to the regulations, you must
	use A4 size paper of white or light pastel colour with a margin of at least 10mm on all sides.1
	2 show the corporation name and A.C.N or ARBN
	3number the pages consecutively
	print or type in BLOCK letters in dark blue or black ink so that the document is clearly legible when photocopied4
	5identify the annexure with a mark such as A, B, C, etc.
	8endorse 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.

ME_106761538_1 (W2007)

$\mathbb{Z}$

Holder of relevant	Date of		Consideration	Consideration Non-
Interest	Acquisition/Disposal	B/S	Cash	cash	Number of Securities
GDXJ	$2/25/2013$ B		Ş	In-Kind	34,401
GDXJ	2/26/2013 B		3	In-Kind	22,930
GDXJ	2/27/2013 B		$	In-Kind	2
GDXJ	2/27/2013 B		$	In Kind	1
GDXJ	2/27/2013 5		ζ.÷.	In-Kind	11,465
GDXJ	2/27/2013 5		$₩.	In-Kind	1
GDXJ	2/27/2013 S		$q,	In-Kind	1
GDXJ	$2/28/2013$ B		$$\mathcal{C}{\mathcal{F}{\mathcal{G}}}$	In-Kind	22,928
GDXJ	$3/4/2013$ B		5ç.	In-Kind	22,936
AFK	$3/4/2013$ B		$\overline{s}$J.	In-Kind	3,622
GDXI	3/6/2013 8		$	In-Kind	137,616
GÖXI	3/7/2013 B		$\overline{\mathsf{S}}$	In-Kind	126,126
GDXJ	3/8/2013 B		Ŝ$\tilde{\zeta}$	In-Kind	309,582
GDXJ	3/11/2013 5		3ç.	In-Kind	194,973
GDXJ	3/12/2013 B		$π.	In-Kind	68,802
GDXJ	3/13/2013 5		Ŝ	In-Kind	103,185
AFK	3/15/2013 B		$15,790	$\overline{\mathsf{s}}$÷	11,645
GDXJ	$3/15/2013$ B		$3,328,329	τ	2,456,331
GDXJ	$3/15/2013$ S		$	In-Kind	45,832
GDXJ	3/18/2013 8		$	In-Kind	24,706
GDXJ	3/19/2013B		$É,	In-Kind	12,357
GDXJ	$3/20/2013$ B.		ţ	In-Kind	12,350
GDXJ	3/21/2013B		$	In-Kind	12,349
GDXJ	3/22/2013 B		5$\blacksquare$	In-Kind	148,188
GDXJ	3/26/2013 B		$	In-Kind	24,698
GDXJ	$3/27/2013$ B		Ś	In-Kind	12,351
AFK	3/28/2013 B		$\overline{\mathsf{s}}$852	$ă.	627
AFK	$3/28/2013$ B.		$\overline{\mathsf{s}}$834	Š	627
GDXJ	3/28/2013 B		$	In-Kind	24,700
GDXJ	4/1/20135		Š	In-Kind	24,698
AFK	$4/2/2013$ B		$щ	In-Kind	11,418
AFK	$4/3/2013$ B		$$\bullet$	In-Kind	15,268
GDXJ	4/3/20135		5W,	In-Kind	98,792
GDXJ	4/4/20135		Ş÷,	In-Kind	12,352
AFK	4/5/2013 B		$	In-Kind	15,268
AFK	4/10/2013B		$\overline{s}$2.712	ζ	2,277
GDXJ	4/12/2013 S		$	In-Kind	222,318
GDXJ	4/15/2013 B		Śę.	In-Kind	209,967
GDXI	$4/16/2013$ S		5	In-Kind	111,159
AFK	$4/16/2013$ S		s	In-Kind	19,230
AFK	4/17/2013 5		$\overline{\mathbf{5}}$	In-Kind	19,230
GDXJ	4/17/2013 S		$	In-Kind	87,500
GDXJ	4/18/2013 B		$\overline{\mathbf{5}}$396,090	s	399,408
GDXJ	$4/22/2013$ S		$¥	In-Kind	50,024
GDXI	4/24/2013 5		$	In-Kind	75,036
GDXJ	4/25/2013 5		3	In-Kind	212,602
GDXI	4/26/2013 5		$ă.	In-Kind	150,096
GDXJ	4/29/2013 S		Ţ	In-Kind	62,540
GDXJ	4/30/2013 5		$	In-Kind	100,040

This is Annexure A of 2 pages referred to in Form 604 -Notice of change of interests of substantial holder

$\bigvee!!\mathbb{Z}$

Page 1 of 2

$\sim$

$\mathcal{A}^{\pm}$

$\sim$

Holder of relevant	Date of			Consideration	Consideration Non-
interest	Acquisition/Disposal	B/S		Cash	cash		Number of Securities
GDXJ	5/1/20135		$	÷,	In-Kind		12,505
GDXJ	5/7/20135		$		In-Kind		50,044
GDXJ	5/8/20135		$		In-Kind		50,052
AFK	5/9/2013 B		$	1,274	$		1,391
GDXJ	5/9/2013 5		$		In-Kind		25,024
GDXJ	$5/15/2013$ S		$	۰۴,	In-Kind		25,020
GDXJ	$5/16/2013$ S		$	٠w	In-Kind		37,536
GDXJ	5/21/2013 B		Š		In-Kind		12,510
GDXJ	5/30/2013 B		$		In-Kind		225,108
GDXJ	5/31/2013/8		Ş	490,006	$\overline{\mathsf{s}}$		626,408
GDXJ	5/31/2013 B		$	北部	In-Kind		300,240
GDXJ	6/3/2013B		3	197,355	Ś		246,521
GDXJ	6/6/2013B		$	45,553	$		58,495
AFK	6/7/2013 8		$		In-Kind		3,879
GDXJ	$6/10/2013$ S		Ś		In-Kind		38,676
GDXJ	$6/13/2013$ S		$		In-Kind		103,144
GDXJ	6/20/20135		Ŝ		In-Kind		283,778
GDXJ	6/21/2013 B		$	9,519,386	Ŝ		13,221,369
GDXI	$6/21/2013$ B		3	9,519,386	s		13,221,369
GDXJ	$6/21/2013$ B		$\overline{\mathsf{s}}$	9,519,386	$	٥	13,221,369
AFK	6/21/2013 5		$	183,957	Ŝ		255,320
GDXJ	6/22/2013 B		$	9,519,386	$	洼	13,221,369
GDXJ	6/24/2013 5		Ś	250,364	$		371,334
securities in GDXJ.	In-Kind transactions result from GDXJ receiving a basket of securities (including Resolute Mining Ltd) in exchange for

This is Annexure A of 2 pages referred to In Form 604 -Notice of change of interests of substantial holder

Page 2 of 2

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