VENARI MINERALS NL — Director's Dealing 2013

Jan 30, 2013

Please find following the Appendix 3X: Initial Director’s Interest Notice and explanation for late lodgement.

ENDS

For enquiries, please contact:

Robert Hyndes Lynton McCreery Executive Director Company Secretary P: +61 8 6389 5777 P: +61 8 6389 5777

a p west perth wa 6005 w : www.aro.com.au e

e

ph : +61 8 6389 5777 fx : +61 8 9486 1258 asx : aro

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	Astro Resources NL
ABN	96 007 090 904

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Michael Povey
Date of appointment	20 December 2012

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

NIL

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest.	Number & class of Securities

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	Macphee Resources Pty Ltd sale agreement
Nature of interest	In respect of exploration licence 80/3243 held by Astro subsidiary Macphee Resources Pty Ltd: 1) 0.5% base royalty on uranium 2) 10 million fully paid ordinary shares to be issued upon commencement of drilling 3) 10 million fully paid ordinary share to be issued upon achievement of an inferred JORC resource of 5million pounds
Name of registered holder (if issued securities)	Michael Povey or his appointee, to be nominated at time of issue
No. and class of securities to which interest relates	As per ‘nature of interest’ above

• See chapter 19 for defined terms. Appendix 3X Page 3

11/3/2002

EXPLANATION FOR LATE LODGEMENT OF INITIAL DIRECTOR’S INTEREST NOTICE

Having regard to ASX Listing Rules 3.19A and 3.19B and Guidance Note 22: “Director Disclosure of Interests and Transactions in Securities – Obligations of Listed Entities”, the Company makes the following submissions in relation to the late lodgement of an Initial Director’s Interest Notice:

• (1) Explain why the Appendix 3X was lodged late

The Appendix 3X was lodged late, due to the fact that the Director was in the process of seeking legal advice with respect to the status of his interest in securities and subsequent disclosure requirements.

• (2) What arrangements does the Company have in place with its directors to ensure that it is able to meet its disclosure obligations under Listing Rule 3.19A?

The Company has in place a Continuous Disclosure and Insider Trading Policy that sets out the obligations of the Director in relation to disclosures of interests held in the Company’s securities, including the requirements for disclosing information required for completion and lodgement of Appendix 3X with ASX within the time limits prescribed under the ASX Listing Rules.

Each Director is provided with a copy of the Company’s Continuous Disclosure and Insider Trading Policy. These documents stipulate the responsibilities of each Director in relation to ensuring the Company is able to meet its disclosure obligations under ASX Listing Rule 3.19A.

The Director is aware of the Company’s and each Directors disclosure obligations in relation to the Directors’ interest in securities in the Company.

• (3) If the current arrangements are inadequate of not being enforced, what additional steps does the Company intend to take to ensure compliance with listing rule 3.19B?

The Company considers the current arrangements to be adequate to ensure future compliance with ASX Listing Rule 3.19A.

Lynton McCreery Company Secretary

ph : +61 8 6389 5777 fx : +61 8 9486 1258 asx : aro

a w

p e