SCIDEV LTD — Major Shareholding Notification 2022

Aug 7, 2022

ASX RELEASE (8 AUGUST 2022)

Form 604 – Scidev Ltd

R3D Resources Limited (ASX: R3D) (the Company) provides the attached Form 604 received from Scidev Ltd (Scidev) today.

The Company notes that Scidev continues to be a substantial shareholder in the Company with over 13.5 million shares, however has seen a reduction in their voting power due solely to dilution from recent capital raising activity conducted by the Company.

Further Information: Sonny Didugu Company Secretary R3D Resources Limited e: r3d@reignadvisory.com

ASX release authorised by the Company Secretary of R3D Resources Limited.

About R3D Resources Limited

R3D Resources is a significant copper-gold explorer and developer in the Chillagoe Region in Far North Queensland. R3D owns several projects of varying maturity, with the most advanced being the Tartana mining leases, which contain an existing heap leach – solvent extraction – crystallisation plant. Work has commenced to restart this plant to provide future cash flow through the sale of copper sulphate. In Tasmania, Tartana has secured permitting to excavate and screen for export low-grade zinc furnace slag/matte from its Zeehan stockpiles in Western Tasmania and has been shipping zinc slag to South Korea. The next stage in this project requires Stage 2 permitting to crush the slag and access the northern stockpile. These two projects have the potential to generate a strong cash flow to underpin the R3D's extensive exploration activities in the Chillagoe region.

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	R3D RESOURCES LIMITED (ASX:R3D)
ACN/ARSN	111 398 040
1. Details of substantial holder(1)
Name	SCIDEV LTD
ACN/ARSN (if applicable)	001 150 849
There was a change in the interests of thesubstantial holder on	20/07/2022
The previous notice was given to the companyon	23/07/2021
The previous notice was dated	22/07/2021

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)
Fully Paid Ordinary Shares (FPO)	13,589,935	12.53%	13,589,935	9.79%

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 are as follows:

Date ofchange	Person whoserelevant interestchanged	Nature of change(6)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person's votesaffected
20/07/2022	SCIDEV LTD	Dilution of votingpower followingvarious issues ofsecurities by theCompany.	N/A	13,589,935	13,589,935

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevantinterest	Registeredholder ofsecurities	Person entitledto be registeredas holder (8)	Nature of relevantinterest (6)	Class andnumber ofsecurities	Person'svotes
SCIDEV LTD	SCIDEV LTD	SCIDEV LTD	Direct	13,589,935 FPO	13,589,935

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
None.	N/A

6. Addresses

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

Name	Address
SCIDEV LTD	UNIT 1, 8 TURBO ROAD, KINGS PARK NSW 2148

Signatureprint name			HEATH ROBERTS	capacity COMPANY SECRETARY
		sign here		date8 AUGUST 2022
				DIRECTIONS
(1)	If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or themanager 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 personsare essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with thenames 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 ofany contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme orarrangement; 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 ofthe 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 ornot of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to theacquisitions, 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 identify 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.