VAULT MINERALS LIMITED — Major Shareholding Notification 2024

Jun 23, 2024

604 Page 1 of 3 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

Red 5 Limited (RED)

To Company Name/Scheme ACN/ARSN 068 647 610

1. Details of substantial holder (1)

Name

Silver Lake Resources Limited (SLR)

ACN/ARSN (if applicable) 108 779 782

There was a change in the interests of the 19 / 06 / 2024 substantial holder on The previous notice was given to the company on 19 / 09 / 2023 The previous notice was dated 18 / 09 / 2023

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 paid ordinary shares (ORD) in RED (RED Shares)	383,510,685	11.08%	411,662,268	6.05% (based on 6,802,473,382 RED Shares on issue)

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 (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
19 June 2024	SLR	Dilution in voting power due to issue of new RED Shares	The new RED Shares were issued pursuant to a scheme of arrangement under which RED acquired the shares in SLR in exchange for the issue of the new RED Shares	411,662,268 ORD	411,662,268
19 June 2024	RED	Dilution in voting power in RED due to issue of new RED Shares	The new RED Shares were issued pursuant to a scheme of arrangement	411,662,268 ORD	411,662,268

604 Page 2 of 3 15 July 2001

under which
RED acquired
the shares in
SLR in
exchange for
the issue of
the new RED
Shares

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 (6)	Class and number of securities	Person's votes
SLR	SLR	SLR	Direct relevant interest under section 608(1)(a) of the Corporations Act 2001(Cth)	411,662,268 ORD	411,662,268
RED	SLR	SLR	Relevant interest in securities held by SLR under section 608(3) of the Corporations Act 2001(Cth)	411,662,268 ORD	411,662,268

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
The entities listed in Annexure A	The entities listed in Annexure A are associates of SLR by virtue of section 12(2) of the Corporations Act 2001(Cth)

6. Addresses

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

Name	Address
SLR and each of the entities listed in Annexure A	Suite 4, Level 3, South Shore Centre, 85 South Perth Esplanade, South Perth, Western Australia 6151

Signature

re
print name sign here	David Berg Company Secretary capacity
	24/06/2024 date

604 Page 3 of 3 15 July 2001

DIRECTIONS

• (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 671B(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.

ANNEXURE A SILVER LAKE RESOURCES LIMITED ACN 108 779 782

This is the annexure of 1 page marked “A” referred to in the Form 604, Notice of change of interests of substantial holder, signed by me and dated 24 June 2024

==> picture [83 x 47] intentionally omitted <==

David Berg, Company Secretary

Associated Entity Name

ACN

Red 5 Limited 068 647 610 Silver Lake (Integra) Pty Ltd 093 278 436 Backlode Pty Ltd 080 885 730 Loded Pty Ltd 093 988 071 Paylode Pty Ltd 093 400545 Silver Lake (Doray) Pty Ltd 138 978 631 Doray Gold Operations Pty Ltd 157 881 779 Murchison Resources Pty Ltd 009 175 491 Meehan Minerals Pty Ltd 161 915 082 Silver Lake (Deflector) Pty Ltd 101 224 999 MYG Tenement Holdings SPV Pty Ltd 158 918 382 MYG Tenement Holdings Pty Ltd 158 951 627 Brandy Hill Iron SPV Pty Ltd 158 267228 Brandy Hill Iron Pty Ltd 158 420 743 Central Infrastructure SPV Pty Ltd 158 267 237 Central Infrastructure Pty Ltd 158 420 734 Deflector Gold SPV Pty Ltd 158 267 246 Deflector Gold Pty Ltd 158 420 725 Gullewa Gold Project SPV Pty Ltd 158 267 255 Gullewa Gold Project Pty Ltd 158 420 663 Roonela Pty Ltd 667 466 220 Silver Lake (SPV) Pty Ltd 667 474 919 Silver Lake (Egan Street) Pty Ltd 144 766 236 Silver Lake (Rothsay) Pty Ltd 151 137 450 Egan Street Victoria Bore Pty Ltd 161 667 705 Cue Minerals Pty Ltd 130 253 146 Silver Lake Canada Inc. N/A Silver Lake Ontario Inc. N/A Opus Resources Pty Ltd 099 235 533 Darlot Mining Company Pty Ltd 165 235 245 Greenstone Resources (WA) Pty Ltd 100 341 599 Oakborough Pty Ltd 073 657 584 Estuary Resources Pty Ltd 066 049 107 Red 5 Philippines Pty Ltd 101 768 343 Red 5 Mapawa Pty Ltd 134 652 690 Red 5 Dayano Pty Ltd 134 658 094 Bremer Resources Pty Ltd 073 934 719 Red 5 Asia Inc N/A Red 5 Mapawa Inc N/A Red 5 Dayano Inc N/A Bremer Binaliw Corporation N/A