Resolute Mining Limited — Major Shareholding Notification 2012

Sep 6, 2012

MinterEllison

LAWYERS

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

To	Company announcements office ASX	Facsimile	1300 135 638
	Company Secretary Resolute Mining Limited	Facsimile	+61 8 9322 7597
From	Henry Wong Email: henry.wong@minterellison.com	Facsimile Direct line Our Ref	$+61299218058$ +61 2 9921 8536 SSE:HLW:20-6818439
Date	7 September 2012	Number of pages (including this one): $6$
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

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.

ME_100617947 ( (W2003x)

Form 603 Corporations Act 2001

Notice of initial substantial holder

To Company Name/Scheme	Resolute Mining Limited
ACN/ARSN	097 006 689
1. Details of substantial holder (1) Nama	Van Eck Associates Corporation (and its associates as referred to in paragraph 6).
ACN/ARSN (If applicable)	N/A
The holder became a substantial holder on	05/09/2012

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities (4) . ---------------------------------------	Number of securities . .	. Person a votes (5) .	Voling power (6) --------------
Ordinary shares ________	.464.294	464,294 .	15.01%
	______

3. Details of relevant Interests

The right as of the relevant interest the substantial holder or an essociate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities.
Corporation Associates IVan. Eck (VEAC)	[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 31,464,294 the relevant interest relates in the ordinary course of investment management lbusiness.

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 relevant interest	Registered holder of SBCUNUEB	Person entitled to be registered as holder (8)	Cless and number of securities
VEAC	Bank of New York Mellon as custodian for Markel Vectors Trust - Junior Gold Minors ETF	IMarket Vectors Trust - Junior (Gold Miners ETF (GDXJ)	Ordinary shares 31,275.618
MEAC	Bank of New York Mellon as loustodian for Market Vectors Trust – Africa ETF	(Markol Voctors Truel - Africa ETF (AFK)	lOrdinary shares 176.529
MEAC	Markel Vectors Australia	IAII S&P/ASX 200 Resources (ASX:RSR)	Ordinary shares 7.763
VEAC	Market Vectors Australia	(All S&P/ASX 300 Metals and Mining (ASX: MAM)	Ordinary shares 4.384

5. Consideration

The consideration paid for each relevant interest referred to in persgraph 3 abovo, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

. Holder of relevant interesi	-------------- Date of acquisition . ----	Consideration (9)	Class and number of securities --------
-------- _____

ME_100817935_1 (W2003x)

----- . VEAC	-------------- l S ne Armexure A . _____ .	------ Cash	---------- Non-cosh المستحصلة ويستنب ,,,,,,,,,,	--------------------------------------- --------------------------------------
-------------- _ _______	-------------- -------- $\cdots$ Home	. ________	. --------	--------------------------------------- ___
-- ----	---- ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ____	______ -------- --- _____	________	_________

6. Associates

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

Name and ACN/ARSN (if spplicable)	Nature of essociation 1.111
/EAC	Associate under section 12(2) of the Corporations Act.
ian Eck Securities Corporation	IAssociate under section 12(2) of the Corporations Act.
Van Eck Absolute Return 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
NEAC	1335 Madison Avenus, New York, NY 10017
Nan Eck Securities Corporation	1335 Madison Avenue, New York, NY 10017
Nan Eck Absolute Ratum Advisers, Inc.	[335 Madicon Avenue, New York, NY 10017

Signature

capacity Chief print name Tom Lynch Compilance Officer 06/09/2012 dato sign hore œ DIRECTIONS

• if there are a number of substantial holders with similar or related ratevant interests (eg. a corporation and its rolated corporations, or the manager and
  therefore referred to throughout the form as a specifically named $(1)$ is clearly set out in paragraph 7 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• $(3)$ See the definition of "ralevant Interest" in sections 608 and 6718(7) of the Corporations Act 2001.
• The voting shares of a company constitute one class unless 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 schema multiplied by 100. $(5)$
• $(7)$ Include details of:
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any $(a)$ document setting out the terms of any relevant agreement, and a stolement by the person giving full and accurate details of any contract, document setting out the terms of any relevant agreement, and a stolement of any con
• 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 $(b)$ securibes to which the relevant interest relates (indicating clearly the particular accurities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• If the substantial holder is unable to datarmine the identity of the person (eg. If the relevant interest arises because of an option) write "unknown." $\left( a\right)$
• Details of the consideration must include any and all benefits, moneys and other, that any person from whom a relovant interest was acquired has, or $(9)$ 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 of any benefit paid on behalf are not paid directly to the person from whom the relevant interest was acquired.

ME_100817936_1 (W2003x)

GUIDE This guide does not form part of the prescribed form 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	ΝH
Other forms to be completed	ΝIΙ
Additional Information	(a)			if additional space is required to complete a question, the information may be included on a separate piece of paper 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:
		(I)		within 2 business days after they become aware of the information; or
		(II)		by 9.30 am on the next trading day of the retevant securities exchange after they becomp aware of the Information if:
			(A)	a takeover 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 annexure comorm to the regulations, you must
	1			use A4 size pager of white or light pastel colour with a margin of at least 10mm on all sides
	2			show the corporation name and ACN or ARBN
	з			number the pages consecutively
	4			print or type in BLOCK tetters 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			endorse the annexure with the words: This is annexure (merk) 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.

l,

$\bar{z}$

ME_100817930_1 (W2003x)

Holder of relevant	Date of		Consideration	Consideration Non-
interest	Acquisition/Disposal	B/S	Cash	cash	Number of Securities
GDXJ	$5/4/2012$ B		\$	In-Kind	591,052
GDXJ	$5/8/2012$ B		\$ ÷,	In-Kind	120,897
GDXJ	5/9/2012 B		\$	In-Kind	416,423
GDXJ	5/10/2012 8		ξ	In-Kind	120,924
GDXJ	$5/16/2012$ S		\$ $\blacksquare$	In-Kind	40,296
GDXJ	5/17/2012 B		\$	In-Kind	510,302
GDXI	5/18/2012 B		\$	In-Kind	80,568
GDXJ	5/21/2012 B		\$	In-Kind	94,094
GDXJ	5/22/2012 B		\$ ÷	In-Kind	94,087
GDXJ	5/23/2012 B		Ţ	In-Kind	456,790
GDXJ	5/24/2012 B		\$ ÷	In-Kind	147,818
GDXJ	5/25/2012 B		ś	In-Kind	470,365
GDXJ	$6/1/2012$ B		\$	In-Kind	644,976
GOXI	$6/4/2012$ B		\$	In-Kind	268,740
GDXI	$6/5/2012$ B		\$	In-Kind	26,870
GDXJ	$6/8/2012$ B		5 ı.	In-Kind	40,302
GDXJ	6/11/2012 B		\$	In-Kind	26,868
GDXJ	6/13/2012 8		\$	In-Kind	765,738
GDXI	6/14/2012 B		\$	In-Kind	94,038
GDXJ	6/15/2012 S		Ś 1,845,599	\$	1,267,860
GDXJ	6/15/2012 S		5 40,695	5	27,893
GDXJ	6/18/2012 8		\$	In-Kind	38,763
GDXJ	$6/18/2012$ [S		इ 83,474	5	57,202
GDXJ	6/21/2012 B		7	In-Kind	180,068
GDXJ	6/28/2012 5		3	In-Kind	77,220
GDXJ	7/3/2012 8		\$	In-Kind	38,604
GDXJ	7/5/2012 5		\$	In-Kind	51,464
GDXJ	7/10/20125		3	In-Kind	141,537
GDXI	7/11/2012 5		\$	In-Kind	244,549
GDXJ	7/24/2012 B		\$	In-Kind	25,730
GDXJ	$7/26/2012$ B		3	In-Kind	257,300
GDXJ	7/27/2012 6		ś	In-Kind	12,863
GDXJ	7/30/2012 B		\$	in-Kind	192,930
GDX GDXJ	$8/2/2012$ B $8/3/2012$ B		\$	In-Kind	90,048
GDXJ			\$	In-Kind	257,260
GDXJ	$8/7/2012$ B		\$	In-Kind	295,780
GDXJ	$8/13/2012$ B		š	In-Kind	270,018
GDXJ	8/14/2012 B		\$	In-Kind	128,590
GDXI	8/16/2012 B		ζ	In-Kind	90,027
	8/17/2012 B		\$	In-Kind	25,722
GDXJ	8/21/2012 B		\$ 537,057	s	359,851
GOXJ GDXJ	$8/22/2012$ B 8/23/2012 8		\$ Ś	In-Kind	454,965
GDXJ	8/28/2012 B		s	In-Kind In-Kind	559,043 117,009
GDXJ	9/4/2012 B		$\overline{\mathsf{S}}$	In-Kind	91,014
GDXJ	9/5/2012 B		\$	In-Kind	832,192
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 1 pages referred to in Form 603 - Notice of initial substantial holder

$\sim$

$\cdot$

$\cdot$

$95692$

Page 1 of 1