SUNSTONE METALS LTD — Major Shareholding Notification 2015

Nov 22, 2015

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme AVALON MINERAL LIMITED ACN/ARSN 1. Details of substantial holder (1) Name PHOENIX COPPER LIMITED ACN/ARSN (if applicable) 127 446 271 The holder ceased to be a substantial holder on 13/11 /15 The previous notice was given to the company on 11/05/15

2. Changes in relevant interests

The previous notice was dated 11/05/15

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 whoserelevant interestchanged	Nature of change (4)	Considerationgiven in relationto change (5)	Class (6) andnumber ofsecurities affected	Person's votesaffected
13 Nov 2015	Phoenix CopperLimited*	Dilution in relevantinterest from a newissue of ordinaryshares by AvalonMinerals Limited toparties notassociated withPhoenix CopperLimited	N/A	12,890,013	12,890,013

*registered shareholder is Pershing Australia Nominees Pty Ltd <Indian Ocean A/C>

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
N/A

4. Addresses

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

Name	Address
Phoenix Copper Limited	1/135 Fullarton Road, Rose Park SA 5067
Pershing Australia Nominees Pty Ltd	GPO Box 5343 Sydney NSW 2000

Signature

print name	TIM MORAN	Capacity	COMPANY SECRETARY
sign here		date	23/11/2015