Resolute Mining Limited — Regulatory Filings 2012

Feb 23, 2012

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name / Scheme	RESOLUTE MINING LTD
ACN/ARSN
1. Details of substantial holder (1)
Name	BAKER STEEL CAPITAL MANAGERS LLP (CLIENTS OF AND ASSOCIATED OR CONNECTED PARTIES)
ACN/ARSN (if applicable)
There was a change in the interests of the substantial holder on	22-Feb-12
The previous notice was given to the company on	10-Nov-11
The previous notice was dated	10-Nov-11

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)	I Previous notice			iPresent notice⊹ ----------------------------- _________
	Person's vote _________	(Voling power (5)	l Person's vole	IVoting power (5) ******** ----------
Ordinary Shares	31.349.000	fi 7%	36.387.000	15.5%
	---------------------------------------	--------------------------------------		________

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 Class and number of relation to change (7) securities affected	Person's votes affected
	++refer to schedule 1++

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) linterest (6)	Nature of relevant	Class and number of lsecurities	lPerson's vote
Genus Dynamic Gold Fund	HSBC Custody Nominees (Australia) Ltd	las previous column	registered holder	7.396,130 ordinarv /	7,396,130
ICF Ruffer Baker Steel Gold Fund	National Nominees Ltd	las previous column	registered holder	22.943.870 ordinary /	22.943.870
RIT Capital Partners PLC	National Nominees Ltd	las previous column	registered holder	ordinary / 1 245.000	1,245,000
Baker Steel Gold Fund	HSBC Custody Nominees (Australia) Ltd	las previous column	fregistered holder	ordinary / 2 579,000	2,579.000
Baker Steel Alpha Gold Fund	HSBC Custody Nominees (Australia) Ltd	las previous column	registered holder	ordinary / 2.232,000	2.232,000

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 ∤Nature of association fit applicable)	.
nie .	_________
______ ______

6. Addresses

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

--------------------------------------	---------------------------------------
for all entities listed .	lc/o Baker Steel Capital Managers LLP
	--------------------------------------- 86 i Street, Łondon, SW1Y 6JD. Jermyn --------------------------------------

Signature

print name	Tino Isnardi $-$ .	capacity	Head of Trading and Operations ------------------
sign here	--------------------------------------	date --------------------------------------	23-Feb-12

DIRECTIONS

(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.

(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 of 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.

SCHEDULE 1

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
	23-Feb-12 CF Ruffer Baker Steel Gold Fund	market sale	AUD 1,675,879	ordinary	$-838,737$
	22-Feb-12 Baker Steel Alpha Gold	market sale	AUD 395,643	ordinary	$-198,000$
	22-Feb-12 Baker Steel Gold Fund	market sale	AUD 569,486	ordinary	$-285,000$
	22-Feb-12 Genus Dynamic Gold Fund	market sale	AUD 1,546,847	ordinary	$-774,121$
	22-Feb-12 RIT Capital Partners PLC	market sale	AUD 263,762	ordinary	-132,000
	21-Feb-12 Baker Steel Alpha Gold	market sale	AUD 59,904	ordinary	$-30,000$
	21-Feb-12 Baker Steel Gold Fund	market sale	AUD 119,808	ordinary	$-60.000$
	21-Feb-12 Genus Dynamic Gold Fund	market sale	AUD 499,200	ordinary	-250,000
	21-Feb-12 CF Ruffer Baker Steel Gold Fund	market sale	AUD- 1.407,744	ordinary	-705,000
	21-Feb-12 RIT Capital Partners PLC	market sale	AUD 59,904	ordinary	$-30,000$
	20-Feb-12 Baker Steel Alpha Gold	market sale	AUD 69,720	ordinary	-35,000
	20-Feb-12 Baker Steel Gold Fund	market sale	AUD 89,640	ordinary	$-45,000$
	20-Feb-12 Genus Dynamic Gold Fund	market sale	AUD 123,787	ordinary	$-62.142$
	20-Feb-12 RIT Capital Partners PLC	market sale	AUD 69,720	ordinary	$-35,000$
	13-Feb-12 Genus Dynamic Gold Fund	market sale	AUD 104,468	ordinary	$-48,890$
	10-Feb-12 Genus Dynamic Gold Fund	market sale	AUD 75,209	ordinary	$-35,197$
	09-Feb-12 CF Ruffer Baker Steel Gold Fund	market sale	AUD 824,808	ordinary	$-385,913$
	08-Feb-12 CF Ruffer Baker Steel Gold Fund	market sale	AUD 818,468	ordinary	$-375,388$
	07-Feb-12 Baker Steel Alpha Gold	market sale	AUD 286,769	ordinary	$-133.000$
	07-Feb-12 Baker Steel Gold Fund	market sale	AUD 247,959	ordinary	$-115,000$
	07-Feb-12 Genus Dynamic Gold Fund	market sale	AUD 316,119	ordinary	-146,612
	07-Feb-12 RIT Capital Partners PLC	market sale	AUD 86,246	ordinary	$-40,000$
	02-Feb-12 CF Ruffer Baker Steel Gold Fund	market sale	AUD 651,418	ordinary	$-315.000$
	01-Feb-12 Genus Natural Resources Master Fund 01-Feb-12 CF Ruffer Baker Steel Gold Fund	market sale	AUD 598,919	ordinary	$-294,000$
	31-Jan-12 Baker Steel Alpha Gold	market sale market sale	AUD 491,399 AUD 137,271	ordinary ordinary	$-241.220$ $-67.000$
	31-Jan-12 Baker Steel Gold Fund	market sale	AUD 147,515	ordinary	$-72.000$
	31-Jan-12 Genus Dynamic Gold Fund	market sale	AUD 415,722	ordinary	$-202,908$
	31-Jan-12 RIT Capital Partners PLC	market sale	AUD 59,416	ordinary	$-29,000$
	30-Jan-12 Baker Steel Alpha Gold	market sale	AUD 479,083	ordinary	$-230,000$
	30-Jan-12 Baker Steel Gold Fund	market sale	AUD 108,314	ordinary	$-52,000$
	30-Jan-12 Genus Dynamic Gold Fund	market sale	AUD 281,201	ordinary	-135,000
	30-Jan-12 CF Ruffer Baker Steel Gold Fund	market sale	AUD 522,559	ordinary	$-250,872$
	30-Jan-12 RIT Capital Partners PLC	market sale	AUD 41,659	ordinary	$-20.000$
	19-Jan-12 Genus Natural Resources Master Fund	market sale	AUD 90,280	ordinary	$-44,000$
	18-Jan-12 CF Ruffer Baker Steel Gold Fund	market sale	AUD 1,808,443	ordinary	-900.000
	17-Jan-12 Baker Steel Gold Fund	market sale	AUD 112,900	ordinary	-56 000
	17-Jan-12 Genus Dynamic Gold Fund	market sale	AUD 302,411	ordinary	$-150,000$
	17-Jan-12 CF Ruffer Baker Steel Gold Fund	market sale	AUD. 1,667,503	ordinary	-827 105
	17-Jan-12 RIT Capital Partners PLC	market sale	AUD 46,370	ordinary	$-23,000$
	16-Jan-12 CF Ruffer Baker Steel Gold Fund 13-Jan-12 Baker Steel Gold Fund	market sale	AUD 156,687	ordinary	$-78895$
	13-Jan-12 Genus Dynamic Gold Fund	market sale market sale	AUD 159,025 AUD 238,538	ordinary	$-80.000$
	13-Jan-12 CF Ruffer Baker Steel Gold Fund	market sale	AUD 1,068,211	ordinary ordinary	$-120,000$ $-537,380$
	13-Jan-12 RIT Capital Partners PLC	market sale	AUD 39,756	ordinary	-20.000
	12-Jan-12 CF Ruffer Baker Steel Gold Fund	market sale	AUD 283,672	ordinary	$-143,433$
	11-Jan-12 Genus Natural Resources Master Fund	market sale	AUD 133,786	ordinary	$-68,000$
	10-Jan-12 Baker Steel Alpha Gold			ordinary	1,188,000
	10-Jan-12 Baker Steel Gold Fund			ordinary	1,325,000
	10-Jan-12 RIT Capital Partners PLC		conversion of notes held	ordinary	717,000
	10-Jan-12 CF Ruffer Baker Steel Gold Fund			ordinary	13,603,365
	10-Jan-12 Genus Dynamic Gold Fund			ordinary	3,635,000

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
	09-Jan-12 Baker Steel Alpha Gold	market puchase	-AUD 491.569	ordinary	270.000
	01-Dec-11 CF Ruffer Baker Steel Gold Fund	market sale	AUD 908,829	ordinary	-454.166
	30-Nov-11 Baker Steel Gold Fund	market sale	AUD 366,038	ordinary	$-186,000$
	30-Nov-11 Genus Dynamic Gold Fund	market sale	AUD. 1,348,923	ordinary	$-685.448$
	30-Nov-11 CF Ruffer Baker Steel Gold Fund	lmarket sale	AUD 953,244	ordinary	-484,386
	30-Nov-11 RIT Capital Partners PLC	market sale	AUD 177,115	ordinary	$-90.000$
	21-Nov-11 Genus Natural Resources Master Fund	market sale	AUD 633,906	ordinary	$-331,000$
	17-Nov-11 Genus Dynamic Gold Fund	lmarket sale	AUD 342,632	ordinary	$-166.552$
	16-Nov-11 Baker Steel Alpha Gold	market sale	AUD 275,110	ordinary	$-132,000$
	16-Nov-11 Baker Steel Gold Fund	market sale	AUD 427.255	ordinary	$-205,000$
	16-Nov-11 Genus Dynamic Gold Fund	lmarket sale	AUD 1,202,566	ordinary	$-577,000$
	16-Nov-11 CF Ruffer Baker Steel Gold Fund	market sale	AUD 273,026	ordinary	$-131,000$
	16-Nov-11 RIT Capital Partners PLC	market sale	AUD 187,575	ordinary	$-90,000$
	15-Nov-11 CF Ruffer Baker Steel Gold Fund	market sale	AUD 586,887	ordinary	$-290,500$
	14-Nov-11 Baker Steel Alpha Gold	market sale	AUD 123,015	ordinary	$-62,500$
	14-Nov-11 Baker Steel Gold Fund	market sale	AUD 163.364	ordinary	$-83,000$
	14-Nov-11 Genus Dynamic Gold Fund	market sale	AUD 467,458	ordinary	$-237,500$
	14-Nov-11 CF Ruffer Baker Steel Gold Fund	market sale	AUD. 1.002,820	ordinary	$-509,500$
	14-Nov-11 RIT Capital Partners PLC	market sale	AUD 83,650	ordinary	$-42,500$
	11-Nov-11 Baker Steel Alpha Gold	market sale	AUD 120,500	ordinary	$-62,500$
	11-Nov-11 Baker Steel Gold Fund	market sale	AUD 160.024	ordinary	$-83,000$
	11-Nov-11 Genus Dynamic Gold Fund	market sale	457,901 AUD	ordinary	$-237,500$
	11-Nov-11 CF Ruffer Baker Steel Gold Fund	market sale	AUD. 1,542,403	ordinary	$-800,000$
	11-Nov-11 RIT Capital Partners PLC	market sale	AUD 81,940	ordinary	$-42,500$