TURNSTONE RESOURCES LTD — Major Shareholding Notification 2023

Aug 16, 2023

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

Details of substantial holder (1) $1.$

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)
ACN/ARSN (if applicable)	As above

There was a change in the interests of the substantial holder on 10/08/2023 The previous notice was given to the company on 24/11/2022 24/11/2022 The previous notice was dated

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)		Previous notice	Present notice.
	Person's votes	Voting power (5)	Person's votes	Voting power $(5)$
Fully ordinary paid shares	36,039,709	6.63 %	36,039,709	5.30%

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 161	Consideration gwen n relation to: change (7)	Class and number of securities affected	Person's votes affected
	10/08/2023	Merchant Opportunities Fund &	Dilution due to
		Merchant Group Pty Ltd (Nominee A/c)	share issue

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 $\lceil n \rceil$	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	29.000.004	4.26%
Merchant Group Pty Ltd Merchant Group Pty Ltd (Nominee (Nominee Account) 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	7,039,705	1.04%

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 of a system	Alexandria (Alexandria Alexandria (Alexandria Alexandria (Alexandria Alexandria (Alexandria Alexandria (Alex Nature of association CONTRACT 1100 F.D.L. a ka basa da kasa da wasa a sa kasa sa kasa a kasa da kasa a kasa da kasa a kasa a kasa a kasa kas Continued States
N/A	N/A

6. Addresses

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

	Name and the contract of Address and Address and the contract of the contract of the contract of Address and Address and Address and Address and Address and Address and Address and Address and Address and Address and Addre
Merchant Funds Management Pty Ltd	Level 1 441 Stirling Highway, Cottesloe WA 6011
Merchant Opportunities Fund	Level 1 441 Stirling Highway, Cottesloe 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	NIA -	date 17/08/2023