STELLAR RESOURCES LIMITED — Major Shareholding Notification 2017

May 10, 2017

Resource Capital Funds
Management Pty Ltd
Level 3, 24 Kings Park Road
West Perth WA 6005
Australia

Telephone: +61 8 9476 1900Facsimile: +61 8 9485 2779e-mail: ref@reflp.com www.resourcecapitalfunds.com

To:	Company Announcements	From:	Miriam Sharp
Fax No:	1300 135 638	Pages:	3
Company:	ASX Announcements	Date :	May 11, 2017
Subject :	FORM 605	Copy:	Company SecretaryChristina KempStellar Resources LimitedFax: 03 9649 7200

NOTICE OF CEASING TO BE A SUBSTANTIAL HOLDER

RESOURCE CAPITAL FUNDS

Resource Capital Fund V L.P. lodges the attached Form 605 in relation to Stellar Resources Limited.

Yours faithfully

Miriam Sharp

1. May. $2017$ $11:25$

No. 0904 P. 2 l,

								605	page 1/2	15 July 2001
Form 605
						Corporations Act 2001Section 671B
							Notice of ceasing to be a substantial holder
	To Company Name/Scheme			STELLAR RESOURCES LIMITED
	ACN/ARSN		108 758 961
	1. Details of substantialholder (1)
	NameACN/ARSN (if applicable)		N/A	RESOURCE CAPITAL FUND V L.P. ("RCF V")
	The holder ceased to be a substantial holder on10/05/201727/04/2017The previous notice was given to the company onThe previous notice was dated27/04/20172. Changes in relevant interests
							Particulars of each change in, or change in the nature of, a 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:
	Date ofchange	Person whosechanged	relevant Interest	Nature of change(4)		Considerationgiven in relation tochange (5)	Class (6) andnumber ofsecurities affected	Person's votedaffected
	28/04/2017	RCF V		On Market Sales		A$57,069.85	FULLY PAIDORDINARYSHARES$-2,036,209$	$-2,038,209$
	10/05/2017	RCFV		On Market Sales		A$596,814.54	FULLY PAIDORDINARYSHARES$-25,076,241$	$-25,076,241$
	3. Changes in association
				holder in relation to voting interests in the company or scheme are as follows:			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
	Name and ACN/ARSN (if applicable)					Nature of association
N/A							$\ddot{\phantom{a}}$
4. Addresses
				The addresses of persons named in this form are as follows:
	Name				Address
	RCFV						1400 Sixteenth Street, Suite 200, Denver CO 80202, USA
	Signature
PETER NICHOLSONprint name			Capacity: AUTHORISED OFFICER
RALUsign here				dale 11/05/2017

		11. May. 2017 11:25		No. 0904 P.
			605	page 2/2	15 July 2001
		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 4 of the form.
(2)	See the definition of "relevant Interest" in sections 608 and 671B(7) of the Corporations Act 2001.
$\left($ $\right)$		See the definition of "associate" in section 9 of the Corporations Act 2001.
(4)	Include details of:
	(n)	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 accuratedetails of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract,scheme or arrangement; and

any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposalof the securities to which the relevant interest relates (indicating clearly the $(b)$

$\bar{z}$

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

• $(5)$ 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 thehas, or may, become entitled to receive in relation to that acquisition. Details m the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• $(6)$ The voting shares of a company constitute one class unless divided into separate classes.
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(7)$