SOLARA MINERALS LTD — Major Shareholding Notification 2023

Aug 9, 2023

604 page 1/2 15July 2001

Form604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Lycaon Resources Limited

ACN/ARSN 647 829 749

1. Details of substantial holder(1)

Name S3 Consortium Holdings Pty Ltd Okawari Consortium Pty Ltd Global Consortium Holdings Pty Ltd

ACN/ARSN (if applicable)

There was a change in the interests of the 3/8/2023 substantial holder on The previous notice was given to the company on 20/11/2022 The previous notice was dated 20/11/2022

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	Present notice
	Person'svotes	Voting power(5)	Person'svotes	Voting power(5)
Fully paid ordinary shares	2,631,250 shares	7.13%	2,631,250 shares	6.1%

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 companyor 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
3/8/2023	S3 Consortium Holdings Pty Ltd Com A/C>	Dilution from issuance of new shares	N/A	N/A	N/A
3/8/2023	Okawari Consortium Pty Ltd	Dilution from issuance of new shares	N/A	N/A	N/A
3/8/2023	Global Consortium Holdings Pty Ltd Holdings A/C>	Dilution from issuance of new shares	N/A	N/A	N/A
4. Present relevant interests Particulars ofeach relevantinterest ofthe substantial holder in		voting securities afterthe change are asfollows:
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
S3 Consortium Holdings Pty Ltd A/C>	S3 Consortium Holdings Pty Ltd Com A/C>	S3 Consortium Holdings Pty Ltd Dot Com A/C>	Registered Holder	1,631,250 Fully paid ordinary shares	1,631,250
Okawari Consortium Pty Ltd	Okawari Consortium Pty Ltd	Okawari Consortium Pty Ltd	Registered Holder	500,000 Fully paid ordinary ~~shares~~	500,000
Global Consortium Holdings Pty Ltd	Global Consortium Holdings Pty Ltd Holdings A/C>	Global Consortium Holdings Pty Ltd Holdings A/C>	Registered Holder	500,000 Fully paid ordinary shares	500,000

604 page 2/2 15July 2001

5. Changes in association	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 votinginterestsinthe company orscheme are asfollows:
	Name and ACN/ARSN(if applicable) Nature of association
6. Addresses
The addresses ofpersonsnamedinthisformare asfollows:
	Name Address
	S3 Consortium Holdings Pty Ltd PRAEMIUM 1930 - PO BOX 16167
	COLLINS STREET WEST VIC
	8007
	Okawari Consortium Pty Ltd <The Oka T PO BOX 556
	A/C> FLINDERS LANE VIC
	8009
	Global Consortium Holdings Pty Ltd <FTW PRAEMIUM 1930 - PO BOX 16167
	Holdings A/C> COLLINS STREET WEST VIC
	8007
Signature
	print name Jason Price	capacityDirector
	sign here	date 10/08/2023
	DIRECTIONS
(1)	If there area 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 paragraph6 of the form.
(2)	See the definition of "associate" in section9 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 schememultipliedby100.
(6)	Include details of:
	(a) Any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection671B (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 section9 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.