VANADIUM RESOURCES LIMITED — Major Shareholding Notification 2022

Apr 6, 2022

604 Page 1 of 2 15 July 2001

Form 604

Corporations Act 2001 Section 671 B

Notice of change of interests of substantial holder

To Company Name/Scheme Vanadium Resources Ltd ACN/ARSN 618 307 887

1. Details of substantial holder (1)

Name

AMA CASA PROPS 122 PROPRIETARY LIMITED

ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on 01 / 04 / 2022 The previous notice was given to the company on 11 / 10 / 2019 The previous notice was dated 11 / 10 / 2019

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'svotes	Voting power(5)
Fully paid ordinary shares(FPO)	27283 825	5.9 0%	NIL	0 . 0 0

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 Person whose Nature of change (6) Consideration given in Class and number Person's votes change relevant interest relation to change (7) of securities affected changed affected SEE ANNEXURE 1

4. Present relevant interests

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

Holder of Registered holder Person entitled to be Nature of relevant Class and number Person's votes relevant of securities registered as holder interest (6) of securities interest (8) Arna Casa Props 122 NIL

604 Page 2 of 2 15 July 2001

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their associatio substantial holder in relation to voting interests in the company or scheme are as follows:

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Name and ACN/ARSN (if applicable) Nature of association
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6. Addresses

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Name
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Signature

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print name A M Slab capacity Director
sign here date 0 7 / 04 / 2022
DIRECTIONS
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• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the 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 6 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of 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

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or 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.

• (7) 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.

• (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) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Date of change	Person whose	Nature of change	Consideration given	Class andnumber	Persons votes afected
	relevant interest		in relation tochange	ofsecurities afeced
	changed		AUD	AUD
1.03.22	Ara CasaPrps 122	Saleoffully paidfr ordinar shares	$24 658,84	31349FPO	Decreased by 311 349shares
18.03.22	Ara Casa Prps 122	Saleoffulypaidfr ordinary shares	$43 95600	600 000FPO	Decreased by600 000shares
2103.22	Ara CasaPrps122	Saleof fulypaid frordinary shares	$78 344,26	1060259FPO	Decreasedby1 060259 shares
22.03.22	Ara Casa Props122	Sale offulypaid fr ordinaryshares	$365 356,41	4 91 860 FPO	Decreased by 491860shares
28.03.2	AraCasaProps122	Saleof fuly paid frordinar shares	$47681,56	602 040FPO	Decreased by602040shares
29.03.22	AraCasaPrps122	Saleof fully paid frordinarshares	$238 450,21	2 973 001FPO	Decreasedby 2 973 001shares
30.03.22	AraCasaPrps122	Saleoffuly paidfr ordinarshares	$126 348,90	1568 844 FPO	Decreasedby 1568844 shares
3103.22	Ara CasaPrps122	Saleof fulypaid frordinarshares	$557 393,97	6 689 47FPO	Decreased by 6 689 47shares
0104.22	Ara CasaPrps122	Saleof fulypaidfr ordinarshares	$724 339,14	8 568 000 FPO	Decreased by8568 000shares