Windimurra!Vanadium!Limited! ACN!009!131!533!

TO!BE!RENAMED! TITANIUM!SANDS!LIMITED!

NOTICE!OF!ANNUAL!GENERAL!MEETING!AND! EXPLANATORY!STATEMENT!

Annual!General!Meeting!to!be!held!at!the!offices!Trident!Capital,!! Level!24,!44!St!George’s!Terrace,!Perth,!Western!Australia!! on!Wednesday,!30!November!2016!! commencing!at!10.00am!(WST).!

This%Notice%of%Annual%General%Meeting%and%Explanatory%Statement%should%be%read%in%its%entirety.% If%Shareholders%are%in%doubt%as%to%how%to%vote,%they%should%seek%advice%from%their%accountant,%solicitor%or% other%professional%adviser%without%delay.%

NOTICE!OF!ANNUAL!GENERAL!MEETING!

Notice%is%given%that%the%Annual%General%Meeting%of%Shareholders%of%Windimurra%Vanadium%Limited% will% be% held% at% the% offices% of% Trident% Capital,% Level% 24,% 44% St% George’s% Terrace,% Perth,% Western% Australia%on%30%November%2016%commencing%at%10.00am%(WST).%

ORDINARY!BUSINESS!

Item!1!–!Annual!Report!

To%receive%and%consider%the%Annual%Report%of%the%Company%for%the%year%ended%30%June%2016,%which% includes%the%Financial%Report,%the%Directors’%Report,%the%Remuneration%Report%and%the%Auditor’s% Report.%

Resolution!1!–!Approval!of!Remuneration!Report!

To%consider%and,%if%thought%fit,%pass%the%following% advisory!only!resolution :%

“That,' for' the' purpose' of' section' 250R(2)' of' the' Corporations' Act' and' for' all' other' purposes,'the'Remuneration'Report'for'the'year'ended'30'June'2016'be'adopted.”'

Note: %The%vote%on%this%resolution%is%advisory%only%and%does%not%bind%the%Directors%or%the% Company.%

Voting!exclusion!

The%Company%will%disregard%any%votes%cast%on%this%Resolution:% (a)% by%or%on%behalf%of%a%member%of%Key%Management%Personnel%as%disclosed%in%the%Remuneration%ReportW% (b)% by%or%on%behalf%of%a%Closely%Related%Party%of%a%member%of%Key%Management%PersonnelW%and% (c)% as%a%proxy%by%a%member%of%Key%Management%Personnel%or%a%Closely%Related%Party,%

unless%the%vote%is%cast%as%proxy%for%a%person%entitled%to%vote%in%accordance%with%a%direction%on%the%Proxy%Form%or%by%the%Chairman% pursuant%to%an%express%authorisation%to%exercise%the%proxy.

Resolution!2!–!Re[election!of!Dr!James!Searle!as!a!Director!

To%consider%and,%if%thought%fit,%pass%the%following%resolutions%as%ordinary%resolutions:%

“That,'for'all'purposes,'Dr'James'Searle,'who'was'appointed'as'a'Director'by'the'Board' pursuant'to'Rule'9.2'of'the'Constitution,'and'being'eligible,'offers'himself'for'reKelection,' is'reKelected'as'a'Director'in'accordance'with'the'Constitution.”'

Resolution!3!–!Re[election!of!Mr!Lee!Christensen!as!a!Director!

To%consider%and,%if%thought%fit,%to%pass%with%or%without%amendment,%the%following%resolution%as%an% ordinary!resolution :%

“That,'in'accordance'with'the'Company’s'Constitution'and'for'all'other'purposes,'Mr' Lee'Christensen,'who'retires'by'rotation'under'Rule'9.3'of'the'Company’s'Constitution' and,' being' eligible,' offers' himself' for' reKelection,' be' reKelected' as' a' Director' of' the' Company.”'

Resolution!4!–!Ratification!and!Approval!of!Placement!

To%consider%and,%if%thought%fit,%to%pass,%with%or%without%amendment,%the%following%resolution%as%an% ordinary!resolution :%

“That,'in'accordance'with'Listing'Rule'7.4,'and'for'all'other'purposes,'the'Shareholders' hereby'approve'and'ratify'the'issue'of'25,714,289'Shares'to'sophisticated'investors'at' an'issue'price'of'$0.007'each'on'11'February'2016'to'raise'a'total'of'$180,000.”'

Voting!exclusion!statement!

The%Company%will%disregard%any%votes%cast%on%this%Resolution%by%any%person%who%participated%in%the%issue%the%subject%of%this% Resolution%and%any%person%associated%with%those%persons.%%%

However,%the%Company%need%not%disregard%any%vote%if:%%

(a)% it%is%cast%by%a%person%as%proxy%for%a%person%who%is%entitled%to%vote,%in%accordance%with%the%directions%on%the%Proxy%FormW% or%%
(b)% it%is%cast%by%the%person%chairing%the%meeting%as%proxy%for%a%person%who%is%entitled%to%vote,%in%accordance%with%a%direction% on%the%Proxy%Form%to%vote%as%the%proxy%decides.%

Resolution!5!–!Change!of Company Name

To%consider%and,%if%thought%fit,%to%pass,%with%or%without%amendment,%the%following%resolution%as%a% special!resolution :%

“That,' in' accordance' with' section' 157(1)' of' the' Corporations' Act,' and' for' all' other' purposes,' the' Company' change' its' name' from' ‘Windimurra' Vanadium' Limited’' to' ‘Titanium'Sands'Limited’.”'

Explanatory!Statement!

The%accompanying%Explanatory%Statement%forms%part%of%this%Notice%of%Annual%General%Meeting%and% should%be%read%in%conjunction%with%it.%

Shareholders%are%specifically%referred%to%the%Glossary%in%the%Explanatory%Statement%which%contains% definitions%of%capitalised%terms%used%in%this%Notice%of%Annual%General%Meeting%and%the%Explanatory% Statement.%

Proxies!

Please%note%that:%

(a)% a%Shareholder%entitled%to%attend%and%vote%at%the%General%Meeting%is%entitled%to%appoint%a%proxyW%
(b)% a%proxy%need%not%be%a%member%of%the%CompanyW%
(c)% a%Shareholder%may%appoint%a%body%corporate%or%an%individual%as%its%proxyW%
(d)% a% body% corporate% appointed% as% a% Shareholder’s% proxy% may% appoint% an% individual% as% its% representative%to%exercise%any%of%the%powers%that%the%body%may%exercise%as%the%Shareholder’s% proxyW%and%
(e)% Shareholders%entitled%to%cast%two%or%more%votes%may%appoint%two%proxies%and%may%specify% the% proportion% or% number% of% votes% each% proxy% is% appointed% to% exercise,% but% where% the% proportion%or%number%is%not%specified,%each%proxy%may%exercise%half%of%the%votes.%

The%enclosed%proxy%form%provides%further%details%on%appointing%proxies%and%lodging%proxy%forms.%%If% a%Shareholder%appoints%a%body%corporate%as%its%proxy%and%the%body%corporate%wishes%to%appoint%an% individual%as%its%representative,%the%body%corporate%should%provide%that%person%with%a%certificate%or% letter% executed% in% accordance% with% the% Corporations% Act% authorising% him% or% her% to% act% as% that% company’s% representative.% % The% authority% may% be% sent% to% the% Company% or% its% share% registry% in% advance%of%the%General%Meeting%or%handed%in%at%the%General%Meeting%when%registering%as%a%corporate% representative.%

Members%of%Key%Management%Personnel%and%their%Closely%Related%Parties%will%not%be%able%to%vote% as%proxy%on%Resolution%1%unless%the%Shareholder%directs%them%how%to%vote%or,%in%the%case%of%the% Chair,%unless%the%Shareholder%expressly%authorises%him%to%do%so.%%If%a%Shareholder%intends%to%appoint% a%member%of%Key%Management%Personnel%or%their%Closely%Related%Parties%(other%than%the%Chair)%as% its%proxy,%the%Shareholder%should%ensure%that%it%directs%the%proxy%how%to%vote%on%Resolution%1.%

If%a%Shareholder%intends%to%appoint%the%Chair%as%its%proxy%on%Resolution%1%the%Shareholder%can%direct% the% Chair% how% to% vote% by% marking% one% of% the% boxes% for% those% Resolutions% (for% example,% if% the% Shareholder%wishes%to%vote%‘for’,%‘against’%or%to%‘abstain’%from%voting).%%If%a%Shareholder%does%not%direct% the%Chair%how%to%vote,%the%Shareholder%can%expressly%authorise%the%Chair%to%vote%as%the%Chair%thinks% fit%on%Resolution%1%by%marking%the%appropriate%box%on%the%Proxy%Form%even%though%those%Resolutions% are%connected%to%the%remuneration%of%members%of%Key%Management%Personnel%and%even%if%the%Chair% has%an%interest%in%the%outcome%of%those%Resolutions.%

Voting!Entitlements!

In% accordance% with% Regulations% 7.11.37% and% 7.11.38% of% the% Corporations% Regulations% 2001,% the% Board%has%determined%that%a%person’s%entitlement%to%vote%at%the%Annual%General%Meeting%will%be%the% entitlement% of% that% person% set% out% in% the% register% of% Shareholders% as% at% 5.00pm% (WST)% on% 28% November% 2016.% Accordingly,% transactions% registered% after% that% time% will% be% disregarded% in% determining%Shareholder’s%entitlement%to%attend%and%vote%at%the%Annual%General%Meeting.%

Enquiries!

Shareholders%may%contact%the%Company%on%(+61%8)%6211%5099%if%they%have%any%queries%in% respect%of%the%matters%set%out%in%these%documents.%

By!Order!of!the!Board!of!Directors!

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Jason!Ferris! Director!

Dated!this!13!October!2016!

Explanatory!Statement

This%Explanatory%Statement%has%been%prepared%for%the%information%of%Shareholders%in%relation%to%the% business%to%be%conducted%at%the%Company’s%Annual%General%Meeting.%

The%purpose%of%this%Explanatory%Statement%is%to%provide%Shareholders%with%all%information%known%to% the%Company%which%is%material%to%a%decision%on%how%to%vote%on%the%Resolutions%in%the%accompanying% Notice%of%Annual%General%Meeting.%

This% Explanatory% Statement% should% be% read% in% conjunction% with% the% Notice% of% Annual% General% Meeting.%%Capitalised%terms%in%this%Explanatory%Statement%are%defined%in%the%Glossary.%

1.! Item!1![!Annual!Financial!Report!

The%2016%Annual%Report,%Directors’%reports%and%auditor’%reports%for%the%Company%for%the%year%ended% 30%June%2016%will%be%laid%before%the%Annual%General%Meeting.%

There%is%no%requirement%for%Shareholders%to%approve%these%reports.%%However,%the%Chairman%will% allow%a%reasonable%opportunity%for%Shareholders%to%ask%questions%or%make%comments%about%these% reports%and%the%management%of%the%Company.%%Shareholders%will%also%be%given%an%opportunity%to%ask% the%auditor%questions%about%the:%

conduct%of%the%auditW%
preparation%and%content%of%the%auditor’s%reportW%
accounting%policies%adopted%by%the%Company%in%relation%to%the%preparation%of%the%financial% statementsW%or%
independence%of%the%auditor%in%relation%to%the%conduct%of%the%audit.%

In% addition% to% taking% questions% at% the% Meeting,% written% questions% to% the% Chairman% about% the% management%of%the%Company,%or%to%the%Company’s%auditor%about%the%content%of%the%auditor’s%reports% of%the%conduct%of%the%audit%may%be%submitted%no%later%than%5%Business%Days%before%the%Annual% General%Meeting%date%to%the%Company%Secretary%at%c/o%Trident%Capital%Level%24,%44%St%Georges% Terrace%Perth%WA%6000,%or%by%facsimile%on%(08)%9218%8875.%

2.! Resolution 1 - Approval of Remuneration Report

The%Remuneration%Report%of%the%Company%for%the%financial%year%ended%30%June%2016%is%included%in% the% Directors’% Report% in% the% Annual% Report.% % The% Remuneration% Report% sets% out% the% Company’s% remuneration%arrangements%for%the%Directors%and%senior%management%of%the%Company.%

Section%249L(2)%of%the%Corporations%Act%requires%a%company%to%inform%Shareholders%that%a%resolution% on%the%Remuneration%Report%will%be%put%at%the%Annual%General%Meeting.%%Section%250R(2)%of%the% Corporations%Act%requires%a%resolution%that%the%Remuneration%Report%adopted%be%put%to%the%vote.%% Resolution%1%seeks%this%approval.%

In% accordance% with% section% 250R(3)% of% the% Corporations% Act,% Shareholders% should% note% that% Resolution%1%is%“advisory%only”%resolutions%which%does%not%bind%the%Directors.%%Under%section%250SA% of%the%Corporations%Act,%the%Chairman%will%provide%a%reasonable%opportunity%for%discussion%of%the% Remuneration%Report%at%the%Annual%General%Meeting.%

If%at%least%25%%of%the%votes%on%Resolution%1%are%voted%against%the%adoption%of%the%Remuneration% Report% at% the% Annual% General% Meeting,% and% then% again% at% the% Company’s% 2017% annual% general% meeting,%the%Company%will%be%required%to%put%to%Shareholders%a%resolution%proposing%the%calling%of% an%extraordinary%general%meeting%(Spill%Meeting)%to%consider%the%appointment%of%the%Directors%(Spill% Resolution).%

If%more%than%50%%of%Shareholders%vote%in%favour%of%the%Spill%Resolution,%the%Company%must%convene% the%Spill%Meeting%within%90%days%of%the%Company’s%2017%annual%general%meeting.%%All%of%the%Directors% who%are%in%office%when%the%Company’s%2017%Directors’%Report%is%approved,%other%than%the%Managing% Director%of%the%Company,%will%cease%to%hold%office%immediately%before%the%end%of%the%Spill%Meeting% but%may%stand%for%recelection%at%the%Spill%Meeting.%%Following%the%Spill%Meeting%those%persons%whose% election%or%recelection%as%Directors%is%approved%will%be%the%directors%of%the%Company.%

3.! Resolution!2![!Re[election!of!Dr!James!Searle!as!a!Director!

Rule%9.2%of%the%Constitution%requires%that%any%Director%appointed%by%the%Board,%either%to%fill%a%casual% vacancy% or% as% an% addition% to% the% Board,% must% retire% at% the% next% meeting% following% his% or% her% appointment,%but%is%eligible%for%recelection%at%that%meeting.%%Accordingly,%as%Dr%James%Searle%was% appointed%by%the%Board%to%fill%a%casual%vacancy,%he%now%retires,%but%being%eligible,%offer%himself%for% election%as%a%Director.%

Dr%Searle%has%over%34%years’%experience%in%base%metals,%precious%metals%and%mineral%sand%deposits.%% He%has%led%successful%exploration,%project%development%and%operational%teams%in%Australia,%Africa,% Northern%Europe,%and%Central%Asia.%Dr%Searle%has%a%BSc(Hons)%in%geology%and%a%PhD%from%the% University%of%Western%Australia.%%He%is%a%Member%of%the%Australian%Institute%of%Mining%and%Metallurgy% and% has% 22% years’% experience% in% executive% and% nonexecutive% Director% roles% on% Australian% Stock% Exchange%listed%public%company%boards.%%

The%Directors%(excluding%Dr%Searle)%recommend%that%Shareholders%vote%in%favour%of%Resolution%2.%% Resolution%2%is%an%ordinary%resolution.%

4.! Resolution!3![!Re[election!of!Mr!Lee!Christensen!!

Resolution%3%is%an%ordinary%resolution.%

Rule%9.3%of%the%Company’s%Constitution%requires%that%one%third%of%the%Company’s%director’s%must%retire% at%each%AGM.%Accordingly,%Mr%Christensen%retires%by%rotation%and,%being%eligible,%offers%himself%for%rec election.%%

Resolution%3%is%an%ordinary%resolution,%requiring%it%to%be%passed%by%a%simple%majority%of%votes%cast%by% the%Shareholders%entitled%to%vote.%

Mr%Christensen%is%a%lawyer%and%senior%partner%at%Gadens%Perth,%specialising%in%dispute%resolution,% insolvency% and% restructures.% He% has% many% years% of% law% experience% having% acted% in% major% assignments.%

The%Directors%(excluding%Mr%Christensen)%recommend%that%Shareholders%vote%in%favour%of%Resolution% 3.%

5.! Resolution!4!–!Ratification!of!issue!of!Shares!under!Tranche!1!Placement!

On%11%February%2016%the%Company%announced%it%completed%a%capital%raising%$180,000%through%the% issue% of% 25,714,289% Shares% at% $0.007% per% share.% % Shareholder% approval% is% sought% to% ratify% the% 25,714,289%Shares%previously%issued%under%the%Tranche%1%Placement.%

5.1! Listing!Rule!7.4!

Listing% Rule% 7.1% provides% that% (subject% to% certain% exceptions)% prior% approval% of% shareholders% is% required%for%an%issue%of%securities%by%a%company%if%the%securities%will,%when%aggregated%with%the% securities%issued%by%the%company%during%the%previous%12%months,%exceed%15%%of%the%number%of%the% ordinary%securities%on%issue%at%the%commencement%of%that%12%month%period.%

Listing% Rule% 7.4% sets% out% the% procedure% and% effect% of% Shareholder% approval% of% a% prior% issue% of% securities% and% provides% that% where% shareholders% in% general% meeting% ratify% a% previous% issue% of% securities% made% without% approval% under% Listing% Rule% 7.1,% provided% that% the% previous% issue% of% securities%did%not%breach%ASX%Listing%Rule%7.1,%those%securities%shall%be%deemed%to%have%been%made% with%shareholder%approval%for%the%purposes%of%Listing%Rule%7.1.%

By%ratifying%this%issue,%the%Company%will%retain%the%flexibility%to%issue%equity%securities%in%the%future%up% to%the%15%%placement%capacity%set%out%in%ASX%Listing%Rule%7.1%without%the%requirement%to%obtain%prior% Shareholder%approval.%%%

5.2! Listing!Rule!7.5!

Listing%Rule%7.5%requires%that%the%following%information%be%provided%to%the%Shareholders%in%relation%to% obtaining%approval%of%Resolution%13%for%the%purposes%of%Listing%Rule%7.4:%

(a)% A%total%of%25,714,289%Shares%were%issued.%
(b)% The%Shares%had%an%issue%price%of%$0.007%per%Share.%
(c)% The%Shares%issued%were%fully%paid%ordinary%shares%in%the%capital%of%the%Company%and%rank% equally%in%all%respects%with%the%existing%fully%paid%ordinary%shares%on%issue.%
(d)% The% Shares% under% the% Placement% were% issued% to% Exempt% Investors.% None% of% these% subscribers%are%related%parties%of%the%Company.%%
(e)% Funds%raised%were%used%for%general%working%capital.%

5.3! Directors’!recommendation!

The%Directors%unanimously%recommend%that%Shareholders%vote%in%favour%of%Resolution%4.%

6.! Resolution!5!–!Change!of!Company!Name!

Resolution%5%is%a%special%resolution%which%seeks%approval%for%the%Company%to%change%its%name.%%The% Company%proposes%to%change%its%name%from%“Windimurra%Vanadium%Limited”%to%“Titanium%Sands% Limited”.%%This%change%will%not,%in%itself,%affect%the%legal%status%of%the%Company%or%any%of%its%assets%or% liabilities.%%%

Shareholder%approval%is%required%for%Resolution%5%under%section%157%of%the%Corporations%Act%by% special%resolution.%%

The%Company%will%make%an%application%to%ASIC%for%the%change%of%name%to%“Titanium%Sands%Limited”.%% The%new%name%will%take%effect%upon%a%new%certificate%of%registration%being%issued.%%%

Glossary

In%this%Explanatory%Statement,%the%following%terms%have%the%following%meaning%unless%the%context%otherwise% requires:%

AGMorAnnualGeneralMeeting	meanstheannualgeneralmeetingconvenedbythisNoticeofAnnual
	GeneralMeeting.
AnnualReport	theannualreportoftheCompanyforthefinancialyearended30June
	2016.
Associate	meansapartysodescribedbysection10–17oftheCorporationsAct.
ASX	ASXLimited(ACN098624691)tradingastheAustralianSecurities
	Exchange.
Board	BoardofDirectors.
Chairman	meansthechairoftheMeeting.
CloselyRelatedParty	means a closely related party of a member of Key Management
	PersonnelasdefinedinSection9oftheCorporationsAct,being:
	(a) aspouseorchildofthememberW
	(b) achildofthatmember’sspouseW
	(c) adependantofthatmemberorofthatmember’sspouseW
	(d) anyone else who is one of that member’s family and may be
	expected to influence that member, or be influenced by that
	member,inthatmember’sdealingswiththeCompanyW
	(e) acompanythatiscontrolledbythatmemberWor
	(f) anyotherpersonprescribedbytheregulations.
Constitution	ConstitutionoftheCompany.
Company	WindimurraVanadiumLimited(ACN009131533).
CorporationsAct	CorporationsAct2001(Cth).
Director	DirectoroftheCompany.
ExplanatoryStatement	theExplanatoryStatementaccompanyingtheNoticeofAnnualGeneral
	Meeting.
KeyManagementPersonnel	meansthekeymanagementpersonneloftheCompanyasdefinedin
	Section9oftheCorporationsActandAustralianAccountingStandards
	Boardaccountingstandard124,beingthosepersonshavingauthority
	andresponsibilityforplanning,directingandcontrollingtheactivitiesof
	the Company, directly or indirectly, including any Director (whether
	executiveorotherwise).
ListingRules	thelistingrulesofASX.
Meeting	meansthisAnnualGeneralMeeting.
NoticeofAnnualGeneralMeeting	theNoticeofAnnualGeneralMeetingaccompanyingtheExplanatory
	Statement.
RelatedParty	meansapartysodefinedbysection288oftheCorporationsAct
RemunerationReport	thesectionoftheAnnualReportentitled“RemunerationReport”.
Share/s	ordinaryfullypaidsharesinthecapitaloftheCompany.
Shareholder	meansashareholderoftheCompany.
WST	WesternStandardTime.

WINDIMURRA!VANADIUM!LIMITED! (TO!BE!RENAMED!TITANIUM!SANDS!LIMITED)!

ANNUAL!GENERAL!MEETING!–!APPOINTMENT!OF!PROXY!

I/We! of! being!a!member!of!Windimurra!Vanadium!Limited!entitled!to!attend!and!vote!at!the!Annual!General! Meeting,!hereby! Appoint! Name!of!Proxy! OR! the%Chairman%of%the%Annual%General%Meeting%as%your%proxy

or%failing%the%person%so%named%or,%if%no%person%is%named,%the%Chairman%of%the%Annual%General%Meeting,%or%the%Chairman’s%nominee,%to% vote%in%accordance%with%the%following%directions,%or,%if%no%directions%have%been%given,%and%subject%to%the%relevant%laws%as%the%proxy%sees% fit,%at%the%Annual%General%Meeting%to%be%held%at%10.00am%(WST)%on%Wednesday,%30%November%2016%at%the%offices%of%Trident%Capital%of% Level%24,%44%St%Georges%Terrace,%Perth,%Western%Australia,%and%at%any%adjournment%thereof.%

Important!for!Resolution!1!if!the!Chairman!is!your!proxy!or!is!appointed!as!your!proxy!by!default If%I/we%have%appointed%the%Chairman%of%the%meeting%as%my/our%proxy%(or%the%Chairman%of%the%meeting%becomes%my/our%proxy%by%default)% I/we%expressly%authorise%the%Chairman%of%the%meeting%(to%extent%permitted%by%law)%to%exercise%my/our%proxy%in%respect%of%Resolution%1% even%though%the%Resolution%is%connected%directly%or%indirectly%with%the%remuneration%of%a%member%of%key%management%personnel%of% Windimurra%Vanadium%Limited,%which%includes%the%Chairman%of%the%Meeting.%%If%you%appoint%the%Chairman%as%your%proxy%you%can%direct% the%Chairman%how%to%vote%by%either%marking%the%boxes%in%the%section.%

I/We%acknowledge%that%the%Chairman%intends%to%vote%undirected%proxies%in%favour%of%each%Resolution,%to%the%extent%permitted%by%law.%

OR!

OR	OR
VotingonBusinessoftheAnnualGeneralMeeting		FOR	AGAINST	ABSTAIN
Resolution1	AdoptionofRemunerationReport–2016AnnualReport
Resolution2	RecelectionofDrJamesSearleasDirector
Resolution3	RecelectionofMrLeeChristensenasDirector
Resolution4	RatificationofissueofShares–Tranche1Placement
Resolution5	ChangeofCompanyName

Please!note: %If%you%mark%the%abstain%box%for%a%particular%Resolution,%you%are%directing%your%proxy%not%to%vote%on%that% Resolution%on%a%show%of%hands%or%on%a%poll%and%your%votes%will%not%to%be%counted%in%computing%the%required%majority.%

If%two%proxies%are%being%appointed,%the%proportion%of%voting%rights%this%proxy%represents%is%___%%

Signature!of!Member(s):

		Date:______
IndividualorMember1	Member2	Member3

SoleDirector/CompanySecretary Director Director/CompanySecretary ContactName: ______ContactPh(daytime):_________

WINDIMURRA!VANADIUM!LIMITED! ACN!009!131!533!

Instructions!for!Proxy!Form!

1! Your!Name!and!Address!

Please% print% your% name% and% address% as% it% appears% on% your% holding% statement% and% the% Company’s% share% register.%%If%Shares%are%jointly%held,%please%ensure%the%name%and%address%of%each%joint%shareholder%is%indicated.%% Shareholders% should% advise% the% Company% of% any% changes.% % Shareholders% sponsored% by% a% broker% should% advise%their%broker%of%any%changes.%%Please%note%you%cannot%change%ownership%of%your%securities%using%this% form.%

2! Appointment!of!a!Proxy!

You%are%entitled%to%appoint%no%more%than%two%proxies%to%attend%and%vote%on%a%poll%on%your%behalf.%%The% appointment%of%a%second%proxy%must%be%done%on%a%separate%copy%of%the%Proxy%Form.%%Where%more%than% one%proxy%is%appointed,%such%proxy%must%be%allocated%a%proportion%of%your%voting%rights.%%If%you%appoint%two% proxies%and%the%appointment%does%not%specify%this%proportion,%each%proxy%may%exercise%half%of%your%votes.%

If%you%wish%to%appoint%the%Chairman%of%the%Annual%General%Meeting%as%your%proxy,%please%mark%the%box.%%If% you% leave% this% section% blank% or% your% named% proxy% does% not% attend% the% Annual% General% Meeting,% the% Chairman%will%be%your%proxy.%%A%proxy%need%not%be%a%Shareholder.%%%

3! Votes!on!Resolutions!

You%may%direct%a%proxy%how%to%vote%by%marking%one%of%the%boxes%opposite%each%item%of%business.%%Where%a% box%is%not%marked%the%proxy%may%vote%as%they%choose.%%Where%more%than%one%box%is%marked%on%an%item%your% vote%will%be%invalid%on%that%item.%

4! Signing!Instructions!!

You%must%sign%this%form%as%follows%in%the%spaces%provided:%

Individual: Where%the%holding%is%in%one%name,%the%holder%must%sign.%
Joint!Holding:! Where%the%holding%is%in%more%than%one%name,%all%of%the%shareholders%should% sign.%

• Power!of!Attorney: If%you%have%not%already%lodged%the%Power%of%Attorney%with%the%Company’s%share% registry,%please%attach%a%certified%photocopy%of%the%Power%of%Attorney%to%this% form%when%you%return%it.%

• Companies: Where%the%company%has%a%sole%director%who%is%also%the%sole%company%secretary,% this%form%must%be%signed%by%that%person.%%If%the%company%(pursuant%to%section% 204A% of% the% Corporations% Act)% does% not% have% a% company% secretary,% as% sole% director%can%also%sign%alone.%%Otherwise%this%form%must%be%signed%by%a%director% jointly%with%either%another%director%or%a%company%secretary.%%Please%indicate%the% office%held%by%signing%in%the%appropriate%place.%

If% a% representative% of% the% corporation% is% to% attend% the% meeting% a% “Certificate% of% Appointment% of% Corporate% Representative”%should%be%produced%prior%to%admission.%%%

5! Return!of!a!Proxy!Form!

To%vote%by%proxy,%please%complete%and%sign%the%enclosed%Proxy%Form%(and%any%Power%of%Attorney%and/or% second%Proxy%Form)%and%return%by:%

(a)% mail to the Company’s registered office at c/- Trident Capital, Level 24, 44 St Georges Terrace, Perth, Western Australian 6000; or
(b)% facsimile to the Company on facsimile number (08) 9218 8875,

so%that%it%is%received%by%no%later%than%10.00am%(WST)%on%Monday,%28%November%2016.%