VAULT MINERALS LIMITED — Major Shareholding Notification 2021

Mar 25, 2021

Corporations Act 2001 Section 671 B

Notice of initial substantial holder

To Company Name/Scheme	Red5 Li. ini. ted
ACN/ARSN	ABN 73 068 647 6.0
,. Details of substantial holder (1)
Name	V, .ctor Snotgon Partners Pty Ltd
ACN/ARSN (if applicable)	ACE1 630 5, .2 739

The holder became a substantial holder on 24/03/202, .

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 became a substantial holder are as follows

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Ord, .nary	1.20,586,846	,. 20,586,846	5.44, .%

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

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 re 1stered as holder 8	Class and number of securities
refer to attached sheet

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 to attached sheet

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
Not AppLi. cabLe

7. Addresses

The addresses of persons named in this form are as follows

Name	Address
refer to attached

Signature

print name	Dav, .d Leeton	capacity	Secretary
sign here	I - <-^,.	date	24/03/202, .

DIRECTIONS

• 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 7 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 671 B(7) of the Corporations Act 2001
• (4) The voting shares of a company constitute one class unless divided into separate classes
• (5) 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 associate has a relevant interest in
• (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100
• (7) Include details of
• (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671 B(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

• (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

4. Details of present registered holders con .

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Class and number of securities
Gannet Capital Pty Ltd HSBC <victor sinorgonPartners Event Driven Fund>		Investment Manager	3,437,500
Gannet Capital Pty Ltd HSBC <victor sinorgonPartners Resources Gold Fund>		Investment Manager	47,917,775
VsG Resources Pty Ltd <vsg resources="" unitTrust #6>	VsG Resources Pty Ltd <vsg resources="" unitTrust #6>	Investment Manager	69,231. ,571

5. Consideration

Holder of relevant interest	Date of acquisition	Consideration		Class and number of securities
		Cash	Non-Cash
Gannet Capital Pty Ltd <victor Sinorgon Partners Event Driven Fund></victor	24/03/2021	\$550,000		3,437,500
Gannet Capital Pty Ltd <victor Sinorgon Partners Resources Gold Fund></victor	24/03/2021	\$1,226,695		7,666,844
VsG Resources Pty Ltd <vsg Resources Unit Trust #6></vsg	24/03/2021	\$1,772,051		11,077,051
Gannet Capital Pty Ltd <victor Sinorgon Partners Resources Gold Fund></victor	15/03/2021	\$545,997		3,300,000
Gannet Capital Pty Ltd <victor Sinorgon Partners Resources Gold Fund></victor	3103/2021	\$902,970		5,000,000
Gannet Capital Pty Ltd <victor Sinorgon Partners Resources Gold Fund></victor	25/02/2021	\$951,229		4,750,000
VsG Resources Pty Ltd <vsg Resources Unit Trust #6></vsg	10/12/2020	\$100,330		400,000
Gannet Capital Pty Ltd <victor Sinorgon Partners Resources Gold Fund></victor	1/12/2020	\$1,014,274		4,057,095
Gannet Capital Pty Ltd <victor Sinorgon Partners Resources Gold Fund></victor	26/11/2020	\$522,866		2,000,000

7. Addresses

N a m e	A d d r e s s
R d 5 P L d t t e y	L l 2 3 V A W P h W 5 t t rt t e v e e n n o r v e n u e e s e e s e n r , , ,
	A li 6 0 0 A li t 5 t u s r a a u s r a a ,
G C it l P L d V i t t t t a n n e a p a c o r y <	L l I M ri P l S d N S W 2 0 2 0 0 0 e v e a c q u a e a c e y n e y , , ,
S i P E D ri F d rt t n o r g o n a n e r s e n e n n v v u >
G C it l P L d V i t t t t a n n e a p a y c o r <	L l 2 0 I M ri P l S d N S W 2 0 0 0 e v e a c q u a e a c e y n e y , , ,
S i P R G d l rt n o r g o n a n e r s e s o u r c e s o
F d u n >
G G V R P L d V t t s e s o u r c e s y < s	L l 1 2 6 4 4 C h l S S h Y V I C 3 1 4 1 tr t, t e v e a p e e e o u a rr a , ,
R U it T # 6 t e s o u r c e s n r u s >