Resolute Mining Limited — Major Shareholding Notification 2013

Mar 20, 2013

MinterEllison

$Y E R S$ L A W

AURORA PLACE, 88 PHILLIP STREET, SYDNEY NSW 2000, DX 117 SYDNEY

Tо	Company announcements officeASX	Facsimile	1300 135 638
	Company SecretaryResolute Mining Limited	Facsimile	+61 8 9322 7597
From	Henry WongEmail: henry.wong@minterellison.com		$+61299218058$+61 2 9921 8536SSE:HLW:20-6818439
Date	21 March 2013	Number of pages (including this one): 7
Subject	Notice of initial substantial holder

Please find attached a notice of initial 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

MF 104728380 1 (W2003x)

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.

Form 603 Corporations Act 2001

Notice of initial substantial holder

	To Company Name/Scheme

Resolute Mining Limited

ACNIARSN

097 088 689

ł

1. Dotails of substantial holder (1)
Name	Van Eck Associates Corporation (and its associates as referred to in paragraph 6).
ACN/ARSN (if applicable)	------N۸

18/03/2013

		The holder became a substantial holder on

2. Details of voting power

The total number of votes attached to all the voting chares 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)	Voung power (6)
.-------Ordinary shares	Planner-------33,691,540--	33.891.540-----	5.24%
	_____.	———STATISTICS

3. Details of televant interesta

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:

مخاصصة ومعاويته والمحاسبات وأستعاظ ومعادلا والمعاHolder of relavant interest	Nature of relavant interest (7)	Class and number of securities
CorporationAssociatesEckNan(VEAC)	VEAC holds its relevant litterest by havingthe power to exercise, control the exerciselof, or influence the exercise of, the votingpowers or dispossi of the securities to which 33.691.540the relevant interest relates in the ordinarycourse of investment managementibusiness.

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 relevantInterest	Registered holder ofsecurities	Person entitled to beregisterad as holder (8)	Class and numberof securities
MEAC	Bank of New York Mellon ascustodian forMarket Vectors Trust - Junior GoldMiners ETF	Market Veolora Trust - Junior(Gold Miners ETF (GDXJ)	Ordinary shares133,433,521
MEAC	Bank of New York Mellon asGustodien for Morket Vectors Trust -Aldca ETF	Market Vectors Trust - AfricaETF (AFK)	Ordinary shares243.652
NEAC	Market Vectors Australia	All S&P/ASX 200 Resources(ASX:RSR)	Ordinary sharesIB 708
NEAC	Market Vectors Australia	Ali S&P/ASX 200 Resources(ASX:MAM)	Ordinary shares5.659

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 relevantinterest	THE 25Date of acquisition	وسرور_______Consideration (9)	Class and numberof socurities
	------------		______________________________________

ME_104728418_1 (W2003x)

سيغيب-------_.-----	----------NEAC	----ISee Annexure A-------------	Cash.	Non-cash I--------	------------
		$-$			---------------------------------------
----------------------------------------------------					_____

6. Associates

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

.Name and ACN/ARSN (if applicable)	Nature of association
VEAC	Associate under section 12(2) of the Corporations Act.
Van Eck Securities Corporation	Associate under section 12(2) of the Corporations Act.
Van Eck Absoluto Rotum Advisers, Inc.	Associate under section 12(2) of the Corporations Act.

7. Addresses

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

Name	Address
.	.
VEAC	[335 Madison Avenue, New York, NY 10017
.	.
Nan Eck Securities Corporation	1335 Madison Avenue, New York, NY 10017
Van Eck Absolute Return Advisers, Inc.	1335 Madison Avenua, New York, NY 10017

Signature

print name	Russell Brannan	capacily	Arsislant VP
sign here	والأناكات والمستحدث والمتحدثومستعمله المتعدد ومساحيات--Security$-$	_______________________________datePARATURES	----20/03/2013

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 andtrustee of an equity trust), the names could be included in an ann $(1)$ is clearly set out in paragraph 7 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• Sea the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unloss divided into separate classes. $(4)$
• 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 $(5)$ relevant interest in.

The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$

• $(7)$ include details of:
  • any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 6719(4) applies, a copy of any $\left( 2 \right)$ document solling out the terms of any relevant agreement, and a statement by the person giving full and accument editeits of any contract.scheme or arrangement, must accompany this form, together with a written statement
  • 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.

• B the aubstantial holder is unable to determine the identity of the parson (eg. if the relevant interest arises because of an option) write "unknown." $(9)$
• Details of the consideration must include any and oil benefite, moneys and other, that any person from whom a relevant interest was acquired has, ormay, become entitled to receive in relation to that acquisition. Dotails $(9)$ are not paid directly to the person from whom the relevant interest was acquired.

ME_104728418_1 (W2003x)

This guide does not form part of the prescribed form GUIDE and is included by ASIC to assist you in completing and lodging form 603.

Signature				This form must be signed by either a director or a secretary of the substantial holder.
Lodging period	NII.
Lodging Fee	NŨ
Other forms to becompleted	Nij
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.
	$\left( \circ \right)$			The person must give a copy of this notice:
		Ø.		within 2 business days after they become aware of the information; or
		$\left( 0\right)$		by 9.30 am on the next trading day of the relevant securities exchange after they become aware of theinformation if:
			ίN	a takenyer bid is made for voting shares in the company or voting interests in the scheme; and
			(B)	the person becomes aware of the information during the bid period.
Annexures				To make any ennexure conform to the regulations, you must
	1.			use A4 size paper of white or light pastel colour with a margin of at least 10mm on all sides
	z			show the corporation name and ACN or ARBN
	3			number the pages consecutively
	¥,			print or type in BLOCK letters in dark blue or black ink so that the document is clearly legible when photocopied
	5			identify the annexure with a mark such as A, B, C, etc.
	6			endorso the annexure with the words:This is annoxure (mark) of (number) pages referred to in form (form number and tillo)
	7			sign and date the annexure.
				The annoxure must be signed by the same person(s) who signed the form.

ME_104728418_1 (W2003x)

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

$\mathbf{r}$

$\hat{\mathcal{A}}$

$\sim$

ME_104728418_1 (W2003x)

l,

ł,

Holder of relevant	Date of		Consideration	Consideration Non-
interest	Acquisition/Disposal	B/S	Cash	cash.	Number of Securities
GDXJ	12/19/2012 5		Ş.g)	in-Kind	49,852
GDXJ	12/20/2012 S		Ś.	In-Kind	249,280
AFK	12/21/2012 B		Š9,616	$	6,240
GDXJ	12/21/2012 5		$$-3,812,776$	Ţ	2,474,189
GDXJ	12/21/2012 S		$,	In-Kind	37,392
GDXJ	12/24/2012 S		$190,151	$	123,233
AFK	12/28/2012 B		$	In-Kind	7,238
GDXJ	$1/2/2013$ B		ζ÷,	In-Kind	297,986
GDXI	$1/4/2013$ B		τ÷,	In-Kind	22,924
GDXJ	$1/7/2013$ B.		$.$\blacksquare$	In-Kind	114,620
GDXJ	$1/8/2013$ B		Sç	in-Kind	527,252
GDXJ	1/9/2013 B		ޥ.	In-Kind	80,234
GDXJ	1/10/2013 8		$-	In-Kind	114,620
GDXI	1/11/2013 8		ζ÷.	in-Kind	45,844
GDXJ	$1/11/2013$ B		$ź.	In-Kind	45,844
GDXJ	1/11/2013 8		$	in-Kind	45,844
GDXJ	1/11/2013 B		$٠	in-Kind	45,844
GDXI	1/11/2013 S		$÷	In-Kind	137,532
GDXJ	1/14/2013 B		$٠e	in-Kind	91,688
AFK	$1/14/2013$ B		$÷	In-Kind	7,242
GDXJ	1/17/2013 B		Śđ,	in-Kind	80,220
GDXI	$1/18/2013$ B		$\overline{\varepsilon}$	In-Kind	57,295
GDXI	1/22/2013 B		5	.In-Kind	492,565
GDXJ	1/23/2013 B		$ò,	In-Kind	34,383
GDXJ	1/24/20135		$	In-Kind	22,922
GDXJ	$1/25/2013$ s		$\overline{\mathbf{s}}$	In-Kind	114,620
GDXJ	$1/28/2013$ S		Ţ$\blacksquare$	In-Kind	45,852
GDXJ	1/29/2013 B		5F	in-Kind	11,463
AFK	1/29/2013 B.		$\overline{\mathbf{s}}$	In-Kind	7,238
GDXI	1/30/2013 B		Ś×,	in-Kind	22,936
GDXI	$2/1/2013$ B		$÷	In-Kind	57,330
AFK	$2/5/2013$ B		5¥	In-Kind	7,238
GDXJ	$2/6/2013$ S		ç	In-Kind	45,860
AFK	$2/11/2013$ B		ţ733	$	529
GDXJ	2/11/2013 S		Ŝ	In-Kind	34,398
GDXJ	2/12/2013 $		इ	tn-Kind	240,786
GDXJ	$2/13/2013$ S		$÷	In-Kind	22,932
GDXJ	$2/15/2013$ S		$÷	Jn-Kind	137,580
AFK	2/19/2013 B		ς÷	In-Kind	7,246
GDXJ	2/20/2013 S		$۰	In-Kind	45,868
GDXJ	2/21/2013 S		$	In-Kind	22,938
GDXJ	$2/25/2013$ B		$	In-Kind	34,401
GDXJ	2/26/2013 B		$	In-Kind	22,930
GDXJ	$2/27/2013$ B		$,٠	In-Kind	$\overline{2}$
GDXI	2/27/2013 B		$٠	In-Kind	1.
GDXJ	2/27/2013 S		$	In-Kind	11,465
GDXJ	2/27/2013 S		$\overline{s}$w,	In-Kind	1
GDXI	$2/27/2013$ S		$٠	In-Kind	$\mathbf{1}$

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

Page 1 of 2

$\cdot$

$\bar{1}$

Ť

$\mathcal{A}$

$\bar{z}$

$\mathcal{A}$

Rb

Holder of relevantinterest	Date ofAcquisition/Disposal	B/S	ConsiderationCash	Consideration Non-cash	Number of Securities
GDXJ	2/28/2013 8		s÷	In-Kind	22,928
GDXJ	$3/4/2013$ B		$æ,	In-Kind	22,936
AFK.	3/4/2013B		S	In-Kind	3,622
GDXJ	3/6/2013 B		$ी हुए	. In-Kind	137,616
GDXJ	$3/7/2013$ B		$	In-Kind	126,126
GDXJ	$3/8/2013$ B		$	In-Kind	309,582
GDXI	$3/11/2013$ 5		$	'In-Kind	194,973
GDXJ	$3/12/2013$ B		Ś٠Ţ	In-Kind	68,802
GDXJ	$3/13/2013$ S		$۷.	In-Kind	103,185
AFK	3/15/2013 B		15,790$	5	11,645
GDXJ	3/15/20138		3,328,329s	$.۰.	2,456,331
GDXI	3/15/2013 S			In-Kind	45,832
GDXJ	3/18/2013 B		$	In-Kind	24,706
GDXJ	$3/19/2013$ B		$	'in-Kind	12,357
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

Z6T ON

200

$\sim$ $\omega$

$\bar{z}$

$\sim$ $\mu$

Page 2 of 2

$\sim$

$\sim 10^6$

$\sim 10^{-1}$