VANADIUM RESOURCES LIMITED — Major Shareholding Notification 2021

Dec 15, 2021

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Vanadium Resources Limited
ACN/ARSN	618 307 887
1. Details of substantial holder (1)
Name	Faldi Ismail & associated entities
ACN/ARSN (if applicable)

2. Details of 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 on the date the substantial holder

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
ORDINARY SHARES	24,000,000	24,000,000	5.07%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Refer Annexure A

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
Refer Annexure A

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
Refer Annexure A

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

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

7. Addresses

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

Name	Address
FALDI ISMAIL	PO Box 1974 West Perth WA 6872

Signature

uuc
print name	FALDI ISMAIL	capacity	HOLDER
sign here	-Mant	date	15/12/2021

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the $(1)$ manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• $(3)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an $(5)$ associate has a relevant interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$
• $(7)$ Include details of:
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of $(a)$ any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement: and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or $(b)$ disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies)

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• $(8)$ If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
• $(9)$ Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

ANNEXURE A

Vanadium Resources Limited (ACN 618 307 887)

This is Annexure A of one (1) page referred to in Form 603 (Notice of Substantial Holder)

Signed:

Name: Faldi Ismail

Date: 15 December 2021

3. Details of relevant interests

Holder of relevant	Nature of relevant interest	Class and number of securities
interest
MR FALDI ISMAIL	Ability to control voting rights and disposal	2,000,000 Shares
MR FALDI ISMAIL	Ability to control voting rights and disposal	2,000,000 Shares
MR FALDI ISMAIL	Ability to control voting rights and disposal	20,000,000 Shares

4. Details of present registered holders

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Holder of	Registered holder	Person entitled to be registered	Class and number of
relevant interest	of securities	holder	securities
MR FALDI ISMAIL	BENEFICO PTY LTD	BENEFICO PTY LTD	2,000,000Shares
MR FALDI ISMAIL	ARKALYA PTY LTD <	ARKALYA PTY LTD < THE SUPER	2,000,000 Shares
	THE SUPER	BUTRFLY A/C>
	BUTRFLY A/C>
MR FALDI ISMAIL	ROMFAL SIFAT PTY	ROMFAL SIFAT PTY LTD <the< td="">	20,000,000 Shares	20,000,000 Shares
	LTD <the b="" fizmail<="">	FIZMAIL FAMILY A/C>
	FAMILY A/C>

5. Consideration

Holder of relevant	Date of acquisition	Consideration	Class and number of
interest			securities
MR FALDI ISMAIL	15/09/2021	\$6,419.95	100,000
MR FALDI ISMAIL	15/09/2021	\$6,219.95	100,000
MR FALDI ISMAIL	28/09/2021	\$5,601.08	91,494
MR FALDI ISMAIL	29/09/2021	\$6,618.87	108,506
MR FALDI ISMAIL	06/10/2021	\$6,619.95	100,000
MR FALDI ISMAIL	11/10/2021	\$25,825.80	300,000
MR FALDI ISMAIL	11/10/2021	\$8,219.95	100,000
MR FALDI ISMAIL	11/10/2021	\$10.08	1
MR FALDI ISMAIL	12/10/2021	\$8,119.87	99,999
MR FALDI ISMAIL	19/10/2021	\$8,621.51	162,670
MR FALDI ISMAIL	19/10/2021	\$13,250.00	250,000
MR FALDI ISMAIL	23/11/2021	\$14,419.95	200,000
MR FALDI ISMAIL	10/12/2021	\$2,222.85	36,715
MR FALDI ISMAIL	13/12/2021	\$2,170.00	35,000
MR FALDI ISMAIL	14/12/2021	\$8,002.55	128,285
MR FALDI ISMAIL	14/12/2021	\$15,934.95	250,000