Resolute Mining Limited — Major Shareholding Notification 2018

Aug 8, 2018

Form 604 Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

	$\left\langle \mathbf{r}\right\rangle$
To Company Name/Scheme	Resolute Mining Limited
ACN/ARSN	097 088 689
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 onThe previous notice was given to the company onThe previous notice was dated	06/08/201803/07/201802/07/2018

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		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary shares	81,606,405	11.01%	90.666.386	112.04%

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 ACorporation (VEAC)

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
IVEAC	IBank of New YorkMellon as custodianlfor VanEck VectorsGold Miners ETF	Miners ETF (GDX)	VanEck Vectors Gold VEAC holds its relevantinterest by having thepower to exercise, controlthe exercise of, orlinfluence the exercise of.the voting powers ordisposal of the securities.	Ordinary shares43, 143, 451	5.73%

VEAC	Bank of New YorkMellon as custodianlfor VanEck VectorsJunior Gold MinersIETF.	VanEck VectorsUunior Gold MinersETF (GDXJ)	lSame as above.	Ordinary shares45,909,924	6.10%
VEAC	Bank of New YorkMellon as custodianlfor VanEck VectorsSmall Cap DividendPayers ETF	VanEck VectorsSmall Cap DividendPayers ETF(MVSAU)	Same as above.	Ordinary shares389,409	0.05%
VEAC	Bank of New YorkMellon as custodianfor VanEck VectorsGlobal Mining UCITSETF	VanEck VectorsGlobal Mining UCITSETF (UCTGDIG)	Same as above.	Ordinary shares1,513	0.00%
VEAC	Bank of New YorkMellon as custodianfor VanEck VectorsGold Miners UCITSETF	VanEck Vectors Gold Same as above.Miners UCITS ETF(UCTGDX)		Ordinary shares540,697	10.07%
VEAC	Bank of New YorkMellon as custodianfor VanEck VectorsJunior Gold MinersUCITS ETF	VanEck VectorsJunior Gold MinersUCITS ETF(UCTGDXJ)	Same as above.	Ordinary shares681,392	0.09%

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 and ACN/ARSN (if applicable)	Nature of association

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	Level 4 Aurora Place, 88 Phillip Street, Sydney NSW 2000
WanEck Investments Limited	Level 4 Aurora Place, 88 Phillip Street, Sydney NSW 2000

Signature

	print name ANDREW TILZER	capacity	AVP
sign here		date	08/08/2018

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 trustee of an equity trust), the names could be included in an ann $(1)$
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.

Holder of relevant			Consideration	Consideration
interest	Date of Acquisition	B/S	Cash	Non-Cash	Number of Securities
GDX	06/28/2018B			In-Kind	357,910
GDX	06/29/2018B			In-Kind	460,260
GDX	07/02/2018B			In-Kind	30,678
GDX	07/03/2018B			In-Kind	102,260
GDX	07/06/2018B			In-Kind	92,052
GDX	07/09/2018S			In-Kind	940,976
GDX	07/11/2018B			In-Kind	51,130
GDX	07/12/2018B			In-Kind	189,181
GDX	07/13/2018B			In-Kind	51,130
GDX	07/16/2018B			In-Kind	51,130
GDX	07/17/2018B			In-Kind	255,650
GDX	07/18/2018B			In-Kind	403,927
GDX	07/19/2018B			In-Kind	541,978
GDX	07/20/2018B			In-Kind	250,537
GDX	07/23/2018B			In-Kind	122,712
GDX	07/24/2018B			In-Kind	127,800
GDX	07/25/2018B			In-Kind	255,600
GDX	07/26/2018B			In-Kind	332,280
GDX	07/27/2018B			In-Kind	235,152
GDX	07/30/2018B			In-Kind	388,512
GDX	07/31/2018B			In-Kind	408,960
GDX	08/01/2018B			In-Kind	352,728
GDX	08/02/2018 B			In-Kind	495,864
GDX	08/06/2018B			In-Kind	306,720
GDXJ	06/28/2018B			In-Kind	183,261
GDXJ	06/29/2018B			In-Kind	112,792
GDXJ	07/03/2018B			In-Kind	84,588
GDXJ	07/05/2018B			In-Kind	648,416
GDXJ	07/12/2018B			In-Kind	197,358
GDXJ	07/16/2018B			In-Kind	169,152
GDXJ	07/16/2018B		128,503.38		96,421
GDXJ	07/18/2018B			In-Kind	140,960
GDXJ	07/18/2018B		56,027.47		43,591
GDXJ	07/19/2018B			In-Kind	112,768
GDXJ	07/20/2018B			In-Kind	212,070
GDXJ	07/23/2018 B			In-Kind	112,896
GDXJ	07/26/2018B			In-Kind	211,680
GDXJ	07/30/2018B			In-Kind	141,120
GDXJ	07/31/2018B			In-Kind	366,886
GDXJ	08/01/2018B			In-Kind	197,554
GDXJ	08/02/2018 B			In-Kind	691,439
GDXJ	08/03/2018 B			In-Kind	282,220
GDXJ	08/06/2018 B			In-Kind	141,110

This is Annexure A of 1 page referred to in Form 604 - Notice of change of interests of substantial holder.

Page 1 of 2

Holder of relevant			Consideration	Consideration
interest	Date of Acquisition	B/S	Cash	Non-Cash	Number of Securities
UCTGDX	07/03/2018B		13,979.86		10,712
UCTGDX	07/03/2018B		6,994.47		5,356
UCTGDX	07/25/2018 S		6,876.36		5,355
UCTGDX	08/03/2018 B		262.32		204
UCTGDXJ	07/20/2018B		1,690.78		1,320
UCTGDXJ	08/02/2018S		1,675.96		1,261
MVSAU	06/29/2018S		7,706.53		6,046
MVSAU	07/17/2018S			In-Kind	14,406
In-Kind transactions result from MVSAU receiving a basket of securities (including RESOLUTEMINING LTD) in exchange for securities in MVSAU.

ÿ.

This is Annexure A of 1 page referred to in Form 604 - Notice of change of interests of substantial holder.