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

To	Company announcements office ASX	Facsimile	1300 135 638
	Company Secretary St Barbara Limited	Facsimile	$+61386601999$
From	Henry Wong Email: [email protected]	Facsimile Direct line Our Ref	$+61299218058$ +61 2 9921 8536 SSE:HLW:20-6818439
Date	20 March 2014		Number of pages (including this one): 7

Subject Notice of change of interests of substantial holder

Please find attached a notice of change of interests of 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

IMPORTANT - The contents of this facsimile may be privileged and confidential. Any unauthoriaed 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.

$\overline{a}$

		Form 604 Corporations Act 2001 Scotlon 671B
		Notice of change of interests of substantial holder
To Company Name/Scheme	St Barbara Limited
ACN/ARSN		009 165 066
1. Details of substantial holder (1)
Name		Van Eck Associates Corporation (and its associates referred to in paragraph 6).
ACN/ARSN (if applicable)	N/A
There was a change in the interests of the
substantial holder on		14/03/2014
The previous notice was given to the company on		17/02/2014
The previous notice was dated		14/02/2014

2. Previous and present voting power

$\overline{1}$

The total number of votes attached to all ifte 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: ......................................

	Frevious notice		Present notico .
Cluss of coourities (4)	Person's voles	Voting power (5) ______	Parson's votes	Voting power (5) .
Troinary shares	____ 32.154.496	5.59% ------------------------	______ 137.373.746	'7.66%
.		---------------------------------
	.	______		-------------

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:

Person whose ralavant interest changed	Nature of change (6)	Consideration given in relation to change (7)
Van Eck Corporation (VEAC)	Associates Soc Annoxure A
		.
	111.2221 .

4. Present relevant interests

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

Holder of	Registered	Person entitled	Nature of	Class and	Person's votes
relevant	holder af	to be registered	relevant	number of
interest	socurities	as holder (8)	Interest (6)	securities
NEAC	Bank of New York Mellon as custodian lfor Market Vectors Trust - Junior Gold Miners ETF	ETF (GDXJ)	Market Vectors Trust VEAC holds its relevant Junior Gold Miners Tinterest by having the power to exercise, control lihe exercias of, or influence the exercise of . ithe voting powers or dianosal of the aecurities lto which the relevant interest relates in the iordinary course of linvastment management lbusiness.	Ordinary shares 37.363.414	7.655%

ME_112199606_1 (W2007)

NEAC . .	Bank of New York Molton es custodian lfor Market Vectors Trust, Market Vectors Resources ETF Australien Emerging Resources ETF	Market Vectors Trust Same as above, Market Vectors lAustralian Emerging KMVE AU)		Ordinary shares 10,332 .	0.002%
-------------------------------	----------------------------------------------------------------------------------------------------------------------------------------------------------	-------------------------------------------------------------------------------------------	--	--------------------------------	--------

5. Changes in association

The persons who have become sascelates (2) of, ceased to be associates of, or have changed the nature of their essociation (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

┳ ίť ACN/ARSN Name and applicable) .	,,,,,,,,,,, Naturo of association _____ ______
-----	.
-- ___ ┳	--------------------------------------- _____ -------------

6. Addresses

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

Name and the company of the com-	Address
ÍVEAC	335 Madison Avenue, New York, NY 10017
Van Eck Securities Corporation	[335 Madison Avenue, New York, NY 10017
Wan Eck Absolute Rotum Advisers, Inc.	335 Madison Avenue, New York, NY 10017
Market Vectors Australia Pty Ltd	Gold Fields House, Level 3, 1 Alfred Street, Sydney NSW 2000
¦Market Vectors invesiments Limited	Gold Fields House, Level 3, 1 Alfred Street, Sydney NSW 2000

Signature

Aussali Grannan print name	capacity	Assistant VP
--- 11 L aign here --------	_________ data . ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,	I A/N3/2014 .

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 trust), the names could be included in an ann $(1)$ is clearly set out in paragraph 6 of the form.
See the definition of "associate" in section 9 of the Corporations Act 2001, $\left( 2\right)$
See the definition of "relevant interest" in sections 808 and 671B(7) of the Corporations Act 2001, $\left( 3\right)$
The voting shares of a company constitute one class unless divided into separate classes. $(4)$
The porson's votes divided by the total votes in the body corporate or schome multiplied by 100. $(5)$
$(6)$ Include details of:
any relevant agreement or other circumstances because of which the change in relevant internet occurred. If subsection 671B(4) applies, a copy $(a)$ 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, and a statement by the person giving full and accurate details of any contrac
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
ascurities to which the relevent intorect relates (indicating clearly th (b)

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

Details of the consideration must include any and all banefits, 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 m $(7)$ contingency. Details must be included on any banefit 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 relevent interest was acquired.

ME_112100806_1 (W2007)

$\bullet$

If the substantial holder is unable to determine the identity of the person (eg. if the relovant interest arises because of an option) write "unknown". $\langle 0 \rangle$

Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $\left( 9\right)$

ME_112199806_1 (W2007)

604 GUIDE page 1/1 13 March 2000 This guide does not form part of the prescribed form GUIDE and is included by ASIC to assist you in completing and lodging form 604. Signature This form must be signed by either a director or a secretary of the substantial holder, Lodging period Nī Lodging Fee NH Other forms to be NII completed If additional space is required to complete a question, the information may be included on a separate piece of Additional Information $(a)$ paper annexed to the form. 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 siso be given to each relevant securities exchange. $(b)$ The person must give a copy of this notice: $(c)$ $\langle i \rangle$ 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 $(0)$ information if a takeover bid is made for voting shares in the company or voting interests in the scheme; and $(A)$ $(\mathbb{B})$ the person becomes aware of the information during the bid period.

Annexures

To make any annexure conform to the regulations, you must

1 use A4 size paper of white or light pastel colour with a margin of at least 10mm on all sides

2 show the corporation name and A.C.N or ARBN
3 number the pages consecutively

4 print or type in BLOCK letters 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.
endorse the annexure with the words:
This is annexure (mark) of (number) pages referred to in form (form number and title) 6
7 sign and date the annoxure. The annexure must be signed by the same person(a) who signed the form.

Information in this guide is intended as a guide only. Please consult your accountant or solicitor for further advice.

ME_112199505_1 (W2007)

$\pmb{\cdot}$

$\lambda$

$\frac{1}{2}$ $\begin{array}{c} 1 \ 1 \end{array}$

$\frac{1}{2}$ $\mathbf{r}$ ł

$\frac{1}{3}$

Holder of relevant	Date of		Consideration	Consideration Non-
Interest	Acquisition/Disposal	B/S	Cash	cash	Number of Securities
GDX)	11/15/2013 B		\$ 'n,	In-Kind	37,362
GDXI	11/18/2013B		\$ $\bullet$	In-Kind	224,202
MVEAU	11/18/2013 5		\$ $\qquad \qquad \blacksquare$	In-Kind	19,458
GDXJ	11/19/2013 B		ţ $\blacksquare$	In-Kind	37,372
GDXI	11/21/2013 B		\$ $\bar{\phantom{a}}$	In-Kind	149,456
GDXJ	11/22/2013 ^B		\$ $\blacksquare$	In-Kind	112.074
GDXJ	11/26/2013 5		\$ $\overline{\phantom{a}}$	In-Kind	37,360
GDXJ	11/27/2013 B		\$ $\overline{\phantom{m}}$	In-Kind	149,452
MVEAU	12/3/2013 B		Ŝ 5	\$ ÷	18
MVEAU	12/3/2013 B		\$ 5	ॱऽ $\blacksquare$	18
GDXJ	12/3/2013 5		\$	In-Kind	37,370
MVEAU	12/3/2013 S		\$ 5	\$	18
CDXJ	12/6/2013 S		\$	In-Kind	37,382
MVEAU	12/9/2013 S		\$	In-Kind	6.563
GDXJ	12/9/2013 S		\$ $\overline{\phantom{m}}$	In-Kind	186,900
GDXJ	12/10/2013 B		5 $\overline{\eta}{}^*$	In-Kind	74,754
GDXJ	12/11/2013 B		\$ u,	In-Kind	411,147
GDXJ	$12/13/2013$ B		\$ $\overline{\mathbf{r}}$	In-Kind	37,368
GDXJ	12/18/2013 8		\$ $\Delta_{\rm g}$	In-Kind	37,366
GDXJ	12/19/2013 8		Ŝ	In-Kind	37,362
GDXJ	12/20/2013 S		3 307,171	.\$	1,159,135
MVEAU	12/20/2013 S		\$ 550	ड़	2,076
MVEAU	12/20/2013 S		\$ 550	इ	2,076
MVEAU	12/28/2013 ^B		\$ 73	ड	275
GDXJ	$1/3/2014$ B		Ş,	In-Kind	143,356
GDXJ	1/6/2014 B		\$	In-Kind	35,837
MVEAU	$1/9/2014$ S		\$ 4	\$	11
GDXI	1/13/2014 B		\$	In-Kind	358,360
GOXJ	1/14/2014 B		\$ ٠	In-Kind	71,648
GDXJ	1/15/2014B		5 $\blacksquare$	In-Kind	71,620
GDXI	1/16/2014 8		\$	In-Kind	429,684
GDXJ	1/17/2014B		\$ ż,	In-Kind	35,802
GDXJ	$1/21/2014$ 8		ζ ٠	In-Kind	787,534
GDXJ	1/22/2014 8		5 ۰	In-Kind	214,728
GDXJ	1/24/2014 B		\$	In-Kind	715,680
GDXJ	1/27/2014 B		\$ ÷.	In-Kind	250,488
GDXI	1/28/2014 S		\$ $\bar{a}$	In-Kind	35,786 143,116
GDXI	1/30/2014 B		\$ ۰ \$	In-Kind In-Kind	35,786
GDXJ	$2/4/2014$ B		$\blacksquare$		894,475
GDXJ	2/5/2014B		\$ m \$	In-Kind In-Kind	71,550
GDXJ	$2/6/2014$ B		۰ \$		35,781
GDXJ	$2/7/2014$ B		ă. 3	In-Kind In-Kind	751,296
GDXJ	2/10/2014B		-	In-Kind	178,840
GDXI	2/11/2014 ^B		\$ ۰ 3
GDXJ	2/12/20146		Ħ,	In-Kind	751,086
GDXI	$2/13/2014$ B		s ь	in-Kind	1,037,417 930,046
GDXJ	2/14/2014 B		3	In-Kind in-Kind	715,380
GDXI MVEAU	$2/18/2014$ B 2/19/2014 B		3 ÷ \$ 9	-\$	21

This is Annexure A of 2 pages referred to in Form 604 -Notice of change of interests of substantial holder

$|!!\lhd!!!S!!$

Holder of relevant	Date of		Consideration	Consideration Non-
interest	Acquisition/Disposal	B/5	Cash	cash	Number of Securities
GDXJ	2/20/2014 S			In-Kind	71,546
GDXI	2/26/2014B		s	In-Kind	285,792
MVEAU	2/26/2014 5		24	s	64
GDXJ	3/3/2014 B		\$	In-Kind	71,438
GDXJ	3/4/2014B		s	In-Kind	178,570
GDXJ	3/5/2014 B		\$	tn-Kind	178,595
GDXI	3/5/2014 B		\$	In-Kind	40
GDXJ	3/5/2014 5		\$	In-Kind	60
GDXJ	3/6/2014]B		\$	In-Kind	178,635
GDXJ	$3/6/2014$ B		\$	In-Kind	178,655
GDXJ	$3/6/2014$ B		\$	In-Kind	214,392
GDXJ	$3/6/2014$ S		\$	In-Kind	178,635
GDXJ	$3/10/2014$ B		\$	In-Kind	214,392
GDXJ	3/11/20148		\$	In-Kind	357,340
GDXJ	3/12/2014B		\$	in-Kind	214,362
GDXJ	$3/14/2014$ B		\$	In-Kind	714,420
	In-Kind transactions result from the ETF receiving a basket of securities (including \$t Barbara Ltd) in exchange for