TURNSTONE RESOURCES LTD — Major Shareholding Notification 2022

Nov 24, 2022

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	South Harz Potash Ltd
ACN/ARSN	64 153 414 852

1. Details of substantial holder (1)

Name	Merchant Funds Management Pty Ltd (ABN 32 154 493 277) as manager of the Merchant
	Opportunities Fund (ARSN 111 456 387) and Merchant Group Pty Ltd (ABN 56 154 832
	237) and Merchant Group Australia Pty Ltd (ABN 21 638 829 526)
ACN/ARSN (if applicable)	As above
	.

There was a change in the interests of the substantial holder on 24/11/2022 The previous notice was given to the company on 29/03/2022 The previous notice was dated 29/03/2022

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 or scheme, are as follows:

Class of securities (4)	Person's votes	Previous notice Voting power (5)	Present notice. Person's votes	Voting power (5)
Fully ordinary paid shares	41.090.668	$.94\%$	39,785,113	6.63%

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:

Date of change	Person whose relevant interest changed	Nature of change $\left( 6 \right)$	Consideration given in relation to change $(7)$	Class and number of securities affected	Person's votes affected
19/05/2022	Merchant Group Pty Ltd (Nominee A/c)	On Market Buy	\$15,500.00	100,000	100,000
06/06/2022	Merchant Group Pty Ltd (Nominee A/c)	On Market Sell	$-5119,800.87$	$-855,555$	$-855,555$
27/10/2022	Merchant Group Pty Ltd (Nominee A/c)	On Market Sell	$-528,250.00$	$-550,000$	$-550,000$

4. Present relevant interests

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 TGI.	Class and number of securities	Person's votes
Merchant Opportunities Fund	The Trust Company (Australia) Ltd as custodian for Merchant Opportunities Fund	The Trust Company (Australia) Ltd as custodian for Merchant Opportunities Fund	Relevant interest under $s608(1)(b)$ and $(c)$ of the Corporations Act 2001 as the beneficial holder of securities		4.67%
Merchant Group Pty Ltd (Nominee) Account)	Merchant Group Pty Ltd (Nominee Account)	Merchant Group Pty Ltd (Nominee Account)	Relevant interest under $s608(1)(b)$ of the Corporations Act 2001 with the power to control the vote	11,485,109	1.91%
Merchant Group Australia Pty Ltd	Merchant Group Australia Pty Ltd	Merchant Group Australia Pty Ltd	Relevant interest under $s608(1)(a)$ (b) and (c) of the Corporations Act 2001 as the beneficial holder of securities	300,000	0.05%

5. 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	-N/A

6. Addresses

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

Name Address Address	1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 1000 - 10 a da sensa da sensa da sensa da sensa da sensa da sensa da sensa da sensa da sensa de sensa de sensa de la con
Merchant Funds Management Pty Ltd	Level 1 441 Stirling Highway, Cottesioe WA 6011
Merchant Group Australia Pty Ltd	Level 1 441 Stirling Highway, Cottesioe WA 6011
Merchant Opportunities Fund	Level 1 441 Stirling Highway, Cottesioe WA 6011
Merchant Group Pty Ltd	Level 1 441 Stirling Highway, Cottesioe WA 6011
The Trust Company (Australia) Ltd	Level 15 20 Bond Street, Sydney NSW 2001

Signature

	print name Andrew Chapman	capacity Managing Director
sign here		date 25/11/2022