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Resolute Mining Limited Major Shareholding Notification 2025

May 8, 2025

10548_rns_2025-05-08_d1c859d8-7718-408d-90f9-1e3d9f226753.pdf

Major Shareholding Notification

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604 GUIDE page 1/1 13 March 2000

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

Resolute Mining Limited

ACN/ARSN

097 088 689

1. Details of substantial holder (1) Name ACN/ARSN (if applicable)

Van Eck Associates Corporation (and its associates referred to in paragraph 6). N/A

There was a change in the interests of the substantial holder on 01/05/2025 The previous notice was given to the company on 27/12/2024 The previous notice was dated 23/12/2024

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 Previous notice Present notice Present notice
Person’s votes Voting power(5) Person’s votes Voting power(5)
Ordinaryshares 173,170,986
8.13% 151,598,059 7.12%

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 of
change
Person whose
relevant interest
changed
Nature of
change (6)
Consideration
given in relation
to change (7)
Class and
number of
securities
affected
Person’s votes
affected
Van Eck Associates
Corporation(VEAC)

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
relevant
interest
Registered
holder of
securities
Person entitled
to be registered
as holder (8)
Nature of
relevant
interest (6)
Class and
number of
securities
Person’s votes
VEAC Bank of New York
Mellon as custodian
for ESB Pension Fund
GDX
ESB Pension Fund
GDX (ESBGDX)
VEAC holds its relevant
interest by having the power
to exercise, control the
exercise of, or influence the
exercise of, the voting
powers or disposal of the
securities to which the
relevant interest relates in
the ordinary course of
investment management
business.

Ordinary shares
662,546
0.03%
VEAC State Street Bank and
Trust Company as
custodian for VanEck
Gold Miners ETF
VanEck Gold Miners
ETF(GDX)
Same as above Ordinary shares
72,171,833
3.39%

ME_952909551_1

VEAC State Street Australia
Limited as custodian
for VanEck Gold
Miners ETF (AU)
VanEck Gold Miners
ETF (GDXAU)
Same as above. Ordinary shares
2,478,440
0.12%
VEAC State Street Bank and
Trust Company as
custodian for VanEck
Junior Gold Miners
ETF
VanEck Junior Gold
Miners ETF (GDXJ)
Same as above. Ordinary shares
58,775,199
2.76%
VEAC State Street Custodial
Services (Ireland)
Limited as custodian
for VanEck Global
Mining UCITS ETF
VanEck Gold Mining
UCITS ETF
(UCTGDIG)
Same as above. Ordinary shares
1,290,242
0.06%
VEAC State Street Custodial
Services (Ireland)
Limited as custodian
for VanEck Gold
Miners UCITS ETF
VanEck Gold Miners
UCITS ETF
(UCTGDX)
Same as above. Ordinary shares
9,533,804
0.45%
VEAC State Street Custodial
Services (Ireland)
Limited as depositary
for VanEck Junior
Gold Miners UCITS
ETF
VanEck Junior Gold
Miners UCITS ETF
(UCTGDXJ)
Same as above. Ordinary shares
6,685,995
0.31%

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 PtyLtd Level 47 Suite 2, 25 Martin Place, SydneyNSW 2000
VanEck Investments Limited Level 47 Suite 2, 25 Martin Place, SydneyNSW 2000
VanEck Asset Management B.V. Barbara Strozzilaan 310, 1083 HN Amsterdam, Netherlands

Signature

print name Ashley Sousa
capacity
AVP Portfolio Admin
sign here
date
08/052025
DIRECTIONS
er of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and
trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar,
ed to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members
paragraph 6 of the form.
f "associate" in section 9 of the Corporations Act 2001.
  • (1) 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 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.

  • (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

ME_952909551_1

  • (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

  • (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:

  • (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy 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

  • (b) 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 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.

  • (7) 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, 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.

  • (8) 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’”.

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

ME_952909551_1

==> picture [109 x 47] intentionally omitted <==

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

Holder of relevant Consideration
Cash
Consideration
Non-Cash
Number of Securities
interest Date of Acquisition B/S
GDX 12/23/2024 B - In-Kind 60,470
GDX 12/24/2024 B - In-Kind 143,424
GDX 01/10/2025 S - In-Kind 537,795
GDX 01/13/2025 S - In-Kind 418,250
GDX 01/14/2025 S - In-Kind 71,700
GDX 01/15/2025 S - In-Kind 274,850
GDX 01/17/2025 S - In-Kind 155,337
GDX 01/21/2025 S - In-Kind 47,796
GDX 01/22/2025 S - In-Kind 609,348
GDX 01/23/2025 S - In-Kind 430,128
GDX 01/24/2025 S - In-Kind 83,636
GDX 01/27/2025 S - In-Kind 155,324
GDX 01/28/2025 S - In-Kind 824,343
GDX 01/30/2025 S - In-Kind 274,781
GDX 02/03/2025 S - In-Kind 418,145
GDX 02/04/2025 S - In-Kind 489,786
GDX 02/05/2025 S - In-Kind 764,544
GDX 02/06/2025 S - In-Kind 298,650
GDX 02/07/2025 S - In-Kind 238,920
GDX 02/10/2025 S - In-Kind 334,488
GDX 02/11/2025 S - In-Kind 740,590
GDX 02/12/2025 S - In-Kind 298,625
GDX 02/13/2025 S - In-Kind 95,560
GDX 02/14/2025 S - In-Kind 143,328
GDX 02/18/2025 S - In-Kind 298,600
GDX 02/19/2025 S - In-Kind 167,216
GDX 02/20/2025 S - In-Kind 704,696
GDX 02/24/2025 S - In-Kind 656,865
GDX 02/26/2025 S - In-Kind 286,608
GDX 02/27/2025 S - In-Kind 71,658
GDX 02/28/2025 S - In-Kind 167,188
GDX 03/13/2025 B - In-Kind 35,907
GDX 03/19/2025 S - In-Kind 299,825
GDX 03/20/2025 S - In-Kind 83,951
GDX 03/21/2025 S - In-Kind 479,680
GDX 03/21/2025 S 323,577.15 - 727,649
GDX 03/24/2025 S - In-Kind 260,568
GDX 03/25/2025 S - In-Kind 485,604
GDX 03/26/2025 S - In-Kind 47,372
GDX 03/27/2025 S - In-Kind 59,215
GDX 03/28/2025 S - In-Kind 331,576
GDX 04/02/2025 S - In-Kind 556,621
GDX 04/03/2025 S - In-Kind 236,860

Page 1 of 4

==> picture [108 x 46] intentionally omitted <==

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

Holder of relevant Consideration
Cash
Consideration
Non-Cash
Number of Securities
interest Date of Acquisition B/S
GDX 04/04/2025 B - In-Kind 35,529
GDX 04/07/2025 S - In-Kind 142,140
GDX 04/09/2025 B - In-Kind 35,535
GDX 04/10/2025 B - In-Kind 59,220
GDX 04/11/2025 S - In-Kind 189,488
GDX 04/14/2025 S - In-Kind 307,944
GDX 04/15/2025 S - In-Kind 177,660
GDX 04/16/2025 S - In-Kind 355,290
GDX 04/17/2025 S - In-Kind 118,450
GDX 04/22/2025 S - In-Kind 923,832
GDX 04/23/2025 S - In-Kind 627,732
GDX 04/24/2025 S - In-Kind 142,128
GDX 04/25/2025 S - In-Kind 272,412
GDX 04/28/2025 S - In-Kind 47,376
GDX 04/30/2025 S - In-Kind 59,215
GDX 05/01/2025 S - In-Kind 236,860
GDXJ 12/23/2024 S - In-Kind 439,740
GDXJ 01/13/2025 S - In-Kind 85,701
GDXJ 01/14/2025 S - In-Kind 542,716
GDXJ 01/14/2025 B 436,839.28 - 1,077,861
GDXJ 01/22/2025 S - In-Kind 261,549
GDXJ 01/23/2025 S - In-Kind 987,394
GDXJ 01/24/2025 S - In-Kind 261,369
GDXJ 01/28/2025 S - In-Kind 145,200
GDXJ 02/04/2025 S - In-Kind 203,168
GDXJ 02/05/2025 S - In-Kind 203,224
GDXJ 02/11/2025 S - In-Kind 522,180
GDXJ 02/18/2025 S - In-Kind 348,216
GDXJ 02/19/2025 S - In-Kind 609,441
GDXJ 02/24/2025 S - In-Kind 87,039
GDXJ 02/26/2025 S - In-Kind 116,072
GDXJ 02/28/2025 S - In-Kind 261,171
GDXJ 03/20/2025 S - In-Kind 87,150
GDXJ 03/21/2025 S - In-Kind 668,127
GDXJ 03/21/2025 B 3,478,087.66 - 7,810,460
GDXJ 03/24/2025 B 53,141.04 - 120,581
GDXJ 03/25/2025 S - In-Kind 199,002
GDXJ 03/26/2025 S - In-Kind 265,336
GDXJ 03/31/2025 S - In-Kind 265,016
GDXJ 04/03/2025 S - In-Kind 795,432
GDXJ 04/04/2025 S - In-Kind 265,096
GDXJ 04/14/2025 B 144,195.61 - 303,677
GDXJ 04/15/2025 S - In-Kind 165,600

Page 2 of 4

==> picture [109 x 47] intentionally omitted <==

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

Holder of relevant Consideration
Cash
Consideration
Non-Cash
Number of Securities
interest Date of Acquisition B/S
GDXJ 04/22/2025 S - In-Kind 497,190
GDXJ 04/23/2025 S - In-Kind 1,292,226
GDXJ 04/23/2025 B 385,195.15 - 836,795
GDXJ 04/24/2025 S - In-Kind 472,766
GDXJ 04/25/2025 S - In-Kind 337,860
GDXJ 04/28/2025 S - In-Kind 371,635
GDXJ 04/30/2025 S - In-Kind 270,296
GDXJ 05/01/2025 S - In-Kind 134,456
UCTGDX 12/23/2024 S 26,904.51 - 67,268
UCTGDX 12/24/2024 S 58,212.21 - 149,277
UCTGDX 01/10/2025 S 22,242.20 - 53,601
UCTGDX 01/28/2025 B 15,848.04 - 39,129
UCTGDX 02/05/2025 B 38,640.83 - 105,860
UCTGDX 02/12/2025 B 126,637.03 - 361,802
UCTGDX 02/18/2025 S 97,217.52 - 281,804
UCTGDX 02/19/2025 S 43,143.69 - 123,280
UCTGDX 02/25/2025 B 39,180.83 - 107,334
UCTGDX 02/26/2025 S 62,776.54 - 174,388
UCTGDX 02/28/2025 B 63,654.80 - 174,388
UCTGDX 03/05/2025 B 21,279.32 - 53,869
UCTGDX 03/06/2025 B 17,125.81 - 40,294
UCTGDX 03/21/2025 S 35,810.47 - 80,481
UCTGDX 03/24/2025 B 17,302.56 - 39,774
UCTGDX 04/02/2025 B 49,890.06 - 109,643
UCTGDX 04/07/2025 S 16,904.71 - 42,266
UCTGDX 04/08/2025 S 27,231.66 - 66,422
UCTGDX 04/14/2025 B 55,707.87 - 121,098
UCTGDX 04/17/2025 B 253,194.52 - 545,298
UCTGDX 04/22/2025 B 20,756.54 - 41,100
UCTGDX 04/23/2025 B 18,357.68 - 39,906
UCTGDX 04/28/2025 S 25,880.47 - 52,289
UCTGDXJ 01/14/2025 B 31,175.57 - 76,969
UCTGDXJ 02/28/2025 S 19,336.73 - 52,980
UCTGDXJ 03/05/2025 B 30,111.49 - 76,224
UCTGDXJ 03/21/2025 B 382,079.60 - 858,520
UCTGDXJ 03/21/2025 S 26,953.18 - 60,575
UCTGDXJ 04/04/2025 S 70,509.08 - 163,991
UCTGDXJ 04/07/2025 S 47,836.02 - 119,602
UCTGDXJ 04/08/2025 S 24,394.20 - 59,504
UCTGDXJ 04/15/2025 B 28,160.04 - 61,884
UCTGDXJ 04/23/2025 B 63,974.00 - 139,060
UCTGDXJ 04/24/2025 S 73,265.20 - 155,899
UCTGDXJ 04/29/2025 S 45,902.41 - 91,814

Page 3 of 4

==> picture [109 x 47] intentionally omitted <==

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

Holder of relevant Consideration
Cash
Consideration
Non-Cash
Number of Securities
interest Date of Acquisition B/S
UCTGDXJ 04/30/2025 S 15,992.29 - 31,359
MVSAU 12/31/2024 S 23,582.46 - 59,709
MVSAU 01/15/2025 B - In-Kind 52,818
MVSAU 01/16/2025 B - In-Kind 52,817
MVSAU 01/21/2025 S 1,177.47 - 2,944
MVSAU 02/25/2025 B 3,255.40 - 8,918
MVSAU 02/28/2025 B 2,944.46 - 8,067
MVSAU 03/06/2025 B 5,428.22 - 12,771
MVSAU 03/11/2025 B - In-Kind 53,224
MVSAU 03/13/2025 B 2,665.27 - 6,500
MVSAU 03/17/2025 S - In-Kind 53,300
MVSAU 03/21/2025 S 1,719,095.52 - 3,863,136
UCTGDIG 01/08/2025 S 21,244.28 - 51,200
UCTGDIG 02/18/2025 S 28,665.17 - 83,102
UCTGDIG 02/19/2025 S 24,201.06 - 69,158
UCTGDIG 03/07/2025 S 24,608.93 - 59,309
UCTGDIG 03/14/2025 S 163,813.29 - 380,361
UCTGDIG 03/17/2025 S 85,789.47 - 188,586
UCTGDIG 03/28/2025 S 16,160.47 - 34,390
GDXAU 01/03/2025 S 5,856.46 - 14,462
GDXAU 01/17/2025 B 2,928.88 - 7,231
GDXAU 02/06/2025 S 8,371.96 - 23,258
GDXAU 02/18/2025 B 1,246.96 - 3,614
GDXAU 02/24/2025 B 2,565.88 - 7,227
GDXAU 03/03/2025 B 1,925.67 - 5,067
GDXAU 03/12/2025 B 2,897.12 - 7,242
GDXAU 03/13/2025 B 1,511.00 - 3,685
GDXAU 03/18/2025 B 6,606.81 - 14,519
GDXAU 03/18/2025 B 6,606.88 - 14,519
GDXAU 03/19/2025 B 6,461.68 - 14,519
GDXAU 03/20/2025 B 3,230.61 - 7,259
GDXAU 03/21/2025 S 13,463.92 - 30,256
GDXAU 03/24/2025 B 3,119.70 - 7,171
GDXAU 03/24/2025 B 6,238.15 - 14,339
GDXAU 03/26/2025 B 3,225.47 - 7,167
GDXAU 03/27/2025 B 3,333.02 - 7,167
GDXAU 04/01/2025 B 6,510.34 - 14,307
GDXAU 04/04/2025 S 6,191.75 - 14,401
GDXAU 04/15/2025 B 6,511.32 - 14,309
GDXAU 04/17/2025 B 6,674.82 - 14,353
ESBGDX 03/14/2025 S 81,430.62 - 189,383
In-Kind transactions result from receiving a basket of securities (including RESOLUTE MINING
LTD) in exchange for securities.

Page 4 of 4