SUNSTONE METALS LTD — Major Shareholding Notification 2015

May 10, 2015

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder	Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder	Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder	Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder	Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder	Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder	Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder	Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder	Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder	Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder
To:Company Name/Scheme Avalon Minerals Ltd ACN/ARSN 123 184 412 1. Details of substantial holder (1) Name Phoenix Copper Ltd ACN/ARSN (if applicable) 127 446271 There was a change in the interests of the substantial holder on 08 / 05 / 2015 The previous notice was given to the company on 10 / 03 / 2015 The previous notice was dated 09 / 03 / 2015 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 of scheme, are as follows: Class of securities (4) Previous notice Present notice Person’s votes Voting power(5) Person’s votes Voting power(5) Ordinary 12,892,013 7.23% 12,892,013 5.65% 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 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 08/05/2015 Phoenix Copper Ltd Dilution in relevant interest from a new issue of ordinary shares by Avalon Minerals Ltd to parties not associated with Phoenix Copper Ltd n/a 12,892,013 ordinary shares 12,892,013
	To:Company Name/Scheme Avalon Minerals Ltd ACN/ARSN 123 184 412 1. Details of substantial holder (1) Name Phoenix Copper Ltd ACN/ARSN (if applicable) 127 446271 There was a change in the interests of the substantial holder on 08 / 05 / 2015 The previous notice was given to the company on 10 / 03 / 2015 The previous notice was dated 09 / 03 / 2015 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 of scheme, are as follows: Class of securities (4) Previous notice Present notice Person’s votes Voting power(5) Person’s votes Voting power(5) Ordinary 12,892,013 7.23% 12,892,013 5.65% 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 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			Avalon Minerals Ltd
				123 184 412
				Phoenix Copper Ltd
				127 446271
		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
		08/05/2015	Phoenix Copper Ltd		Dilution in relevant interest from a new issue of ordinary shares by Avalon Minerals Ltd to parties not associated with Phoenix Copper Ltd	n/a	12,892,013 ordinary shares	12,892,013

Date of	Person whose	Nature of	Consideration	Class and	Person’s votes
change	relevant interest changed	change (6)	given in relation to change (7)	number of securities affected	affected
08/05/2015	Phoenix Copper	Dilution in relevant interest from	n/a	12,892,013	12,892,013
	Ltd	a new issue of ordinary shares		ordinary
		by Avalon Minerals Ltd to parties		shares
		not associated with Phoenix
		Copper Ltd

4. Present relevant interest

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

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
Phoenix Copper Ltd	Pershing Australia Nominees Pty Ltd	Pershing Australia Nominees Pty Ltd	Beneficial ownership through a nominee account	12,892,013 Ordinary	12,892,013

6. 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 voting interests in the company or scheme are as follows:

Name and ACN/ARSN(if applicable)	Nature of association
N/A

7. Addresses

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

Name	Address
Phoenix Copper Ltd	1/135 Fullarton Road,Rose Park SA 5067
PershingAustralia Nominees PtyLtd	GPO Box 5343 SydneyNSW 2000

Signature

	Tim Moran
print name		capacity	Company	Secretary
sign here		date	11	/	05/	2015