ST BARBARA LIMITED — Major Shareholding Notification 2012

Mar 18, 2012

MinterEllison
		A W Y E R S

r

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

s.

Tо	Company announcements office $\mathbf{A}\mathbf{S}\mathbf{X}$	Facsimile	1300 135 638
	Company Secretary St Barbara Limited	Facsimile	$+61386601999$
From	Henry Wong Email: henry.wong@minterellison.com	Facsimile Direct line Our Ref	$+61299218058$ +61 2 9921 8536 SSE:HLW:20-6818439
Date	19 March 2012		Number of pages (including this one): 6

Notice of ceasing to be a substantial holder Subject

Please find attached a notice of ceasing to be a substantial holder in relation to shares in St Barbara Limited from Van Eck Associates Corporation.

Regards MINTER ELLISON

If you do not receive all pages please telephone +61 2 9921 8536

MF_97279181 3 (W 2003x)

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.

05	pogo 1/2	15 July 2001
----	----------	--------------	--

Form 605
Corporations Act 2001
Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	St Barbara Ltd
ACN/ARSN	009 165 066
1. Details of substantial holder (1)
Name	Van Eck Associates Corporation (and its associates referred to in paragraph 4).
ACN/ARSN (If applicable)	NA
The holder ceased to be a
substantial holder on	14/3/2012
The previous notice was given to the company on	13/1/2012
The pravious notice was dated	12/1/2012

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, o relevant interest (2) of the substantial holder or an associate (3) 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:

Dale of change	Person whose relevant interest changed	Nature of change (4)	. Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
.	Eck Associates See Annexure A iVen Corporation (VEAC)
			.

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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 _________ -----------
_ _	-------- $ -$ --------
---- ----------------- . .	__ _

4. Addresses

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

Name	Address -------
NEAC .	335 Madison Avenue, New York, NY 10017
Nan Eck Securities Corporation	335 Madison Avenue, New York, NY 10017
Man Eck Absolute Return Advisers, Inc. ______	[335 Madison Avenue, New York, NY 10017 . ______

Signature

Russell Brennan print name	capacity	Assistant Vice Presiden
sign here Contract Contract Contract	date	16/3/2012

ME_97263872_1 (W2003x)

$\bar{z}$

DIRECTIONS

• 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 that), the names could be included in an anne $(1)$ 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 4 of the form.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(2)$
• $(3)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• Include details of: $(4)$
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6718(4) applies, a copy $(a)$ of any document satting out the terms of any ralevant sgreement, and a statement by the person giving full and accurate datalls of any contract. scheme or arrangement, must accompany this form, together with a written statement certifying this contract, achome or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voling powers or disposal of the $\mathbf{D}$ 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.

• Details of the consideration must include any and all benefits, moneys and other, that any person from whom a relevant interest was acquired has, or
  may, become entitied to receive in relation to that acquisition. Details $(5)$ contingency. Details must be included of any banalit 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.
• The voling shares of a company constitute one class unless divided into separate classes. $(B)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(7)$

ME 97263972_1 (W2003x)

805 GUIDE page 1/1 13 March 2000

GUIDE

This guide does not form part of the prescribed form and is included by ASIC to assist you in completing and lodging form 605.

Signature	This form must be signed by either a director or a secretary of the substantial holder.
Lodging period	Nī
Lodging Fee	NR
Other forms to be completed	NG
Additional Information	If additional space is required to complete a question, the information may be included on a separate piece of (a) paper annexed to the form.
	This notice must be given to a listed company, or the responsible entity for a fisted managed investment scheme. (b) A copy of this notice must also be given to each relevant securities exchange.
	The person must give a copy of this notice: (c)
	$\langle 0 \rangle$ within 2 business days after they become aware of the Information; or
	by 9.30 am on the next trading day of the relevant securities exchange after they become aware of the (M information if:
	e takeover bid is made for voting shares in the company or voting inferests in the scheme; and (A)
	(B) the person becomes aware of the information during the bid period.
Annexures	To make any annexure conform to the regulations, you must
	use A4 size paper of white or light pastel colour with a margin of at least 10mm on all sides 1.
	2 show the corporation name and ACN or ARBN
	з number the pages consecutively
	print or type in BLOCK letters in dark blue or black ink so that the document is clearly legible when photocopied 4
	Identify the annexure with a mark such as A, B, C, etc. 5
	Θ. 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 ennexure.
	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.

ME_07263072_1 (W2003x)

			Consideration	Consideration Non-
Holder of relevant	Date of	B/S	Cash	cash	Number of Securities
interest	Acquisition/Disposal 11/14/2011 B		$\overline{\mathbf{S}}$	In-Kind	44,748
GDXJ GDXJ	11/16/2011 5		इ	In-Kind	11,187
GDXJ	11/17/2011 B		\$	In-Kind	44,748
GDXJ	11/18/2011 5		3	In-Kind	78,309
GDXJ	11/21/2011 5		\$	In-Kind	33,561
GDXJ	11/22/2011 5		\$	In-Kind	33,558
GDXJ	11/23/2011 S		S	In-Kind	55,930
GDXJ	11/29/2011 5		\$ 30,914	Ŝ	13,935
GDXJ	11/29/2011 5		\$	In-Kind	11,185
GDXJ	12/1/2011 8		\$	In-Kind	44,740
GDXJ	12/2/2011 S		\$	In-Kind	22,370
GDXJ	12/5/2011 5		\$	In-Kind	11,184
GDXJ	12/6/2011 B		\$	In-Kind	335,520
GDXJ	12/7/2011 B		\$	In-Kind	78,288
GDXJ	12/8/2011 5		\$	In-Kind	44,736
GDXJ	12/9/2011 5		\$	In-Kind	11,184
GDXJ	12/12/2011 5		\$	In-Kind	55,920
GDXJ	12/13/2011 5		\$	In-Kind	33,549
GDXJ	12/14/2011 5		\$ 105,480	$\cdot$ 5	49,691
GDXJ	12/14/2011 5		\$	In-Kind	201,294
GDXJ	12/15/2011 5		\$ 123,900	\$	62,528
GDXJ	12/15/2011 5		\$	In-Kind	257,209
GDXJ	12/16/2011 S		\$ 1,408,613	\$	692,474
GDXJ	12/16/2011 5		\$	In-Kind	33,555
GDXJ	12/19/2011 5		\$ 138,461	\$	68,525
GDXJ	12/19/2011 B		\$	In-Kind	31,923
GDXJ	12/20/2011 B		`\$	In-Kind	10,631
GDXJ	12/21/2011 S		\$ 206,046	$\overline{\mathsf{s}}$	97,920
GDXJ	12/21/2011 B		\$	In-Kind	116,941
GDXJ	12/22/2011 S		\$ 1,790,419	\$	930,063
GDXJ	12/23/2011 B		\$	In-Kind	42,540
GDXJ	12/28/2011 S		\$	In-Kind	9,970
GDXJ	12/30/2011 B		\$	In-Kind	99,740
GDXJ	$1/3/2012$ B		\$	in-Kind	69,811
GDXJ	$1/4/2012$ B		\$	In-Kind	39,864
GDXJ	1/5/2012B		\$	In-Kind	89,703
GDXJ	1/9/2012 5		\$ 28,255	\$	13,860
GDXJ	1/9/2012 B		\$	In-Kind	169,439
GDXJ	1/10/2012 8		\$	In-Kind	299,010
GDXJ	1/11/2012 B		\$ u.	In-Kind	59,802
GDXJ	1/12/2012 B		\$	In-Kind	89,703
GDXJ	$1/17/2012$ s		\$	In-Kind	9,967
GDXJ	1/18/2012 B		\$	In-Kind	69,762.
GDXJ	1/25/2012 B		\$	In-Kind	29,898
GDXJ	1/26/2012 B		ţ. $\blacksquare$	In-Kind	109,615
GDXJ	1/27/2012 B		\$	In-Kind	288,985
GOXJ	1/30/2012 B		\$	In-Kind	49,825
GDXI	$1/31/2012$ B		Ŝ	In-Kind	49.815

This is Annexure A of 2 pages referred to in Form 605 - Notice of ceasing to be a substantial holder

$2/3$ /b/3/12

This is Annexure A of 2 pages referred to in Form 605 - Notice of ceasing to be a substantial holder
------------------------------------------------------------------------------------------------------	--

Holder of relevant	Date of		Consideration	Consideration Non-
Interest	Acquisition/Disposal	B/S	Cash	cash	Number of Securities
GDXJ	$2/1/2012$ B		\$	In-Kind	119,592
GDXJ	2/2/2012 B		\$	In-Kind	29,886
GDXJ	2/3/2012 5		\$	In-Kind	9,962
GDXJ	2/6/2012 S		\$	In-Kind	39,856
GDXJ	2/7/2012 B		\$	In-Kind	19,926
GDXI	2/10/2012 B		\$ 150,371	\$.	63,943
GDXJ	2/10/2012 S		\$	In-Kind	59,778
GDXJ	2/13/2012 S		\$	In-Kind	160,016
GDXJ	2/14/2012 5		\$	In-Kind	9,999
GDXJ	2/15/2012 S		Ś	In-Kind	70,000
GDXJ	$2/16/2012$ S		\$	In-Kind	70,000
GDXJ	2/17/2012 5		\$	In-Kind	30,000
GDXJ	2/23/2012 B		\$	In-Kind	80,000
GDXJ	2/29/2012 S		\$ u	In-Kind	109,978
GDXJ	3/1/2012 S		\$	In-Kind	80,016
GDXJ	3/2/2012 5		\$ -	In-Kind	70,007
GDXJ	3/5/2012 5		\$	In-Kind	160,032
GDXJ	3/6/2012 S		\$	In-Kind	110,033
GDXJ	3/7/2012 S		\$	In-Kind	10,003
GDXJ	3/13/2012 5		\$	In-Kind	10,003
GDXJ	3/14/2012 S		\$	In-Kind	180,036
lsecurities in GDXJ.	In-Kind transactions result from GDXJ receiving a basket of securities (including St Barbara Ltd) in exchange for

$T_{16/3/12}$

$\alpha$

Page 2 of 2

$\mathcal{A}^{\mathcal{A}}$

$\mathbf{v}$

916.0N 900

$\sim$

$\epsilon$

$\mathcal{A}$

$\hat{\mathcal{L}}$