VOLT RESOURCES LIMITED — Major Shareholding Notification 2011

Jul 26, 2011

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

Mozambi Coal Limited

ACN/ARSN

ACN 106 353 253

1. Details of substantial holder (1)

Name Polo Resources Limited and its Associates listed in Annexure A ACN/ARSN (if applicable) N/A

There was a change in the interests of the substantial holder on 22 July 2011 The previous notice was given to the company on 11 April 2011 The previous notice was dated 11 April 2011

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:

Cl f iti 4	Previous notice	Previous notice	Present notice	Present notice
ass o secures ()	Person’s votes	Voting power(5)	Person’s votes	Voting power
Ordinaryshares	13,145,000	12.51%	20,645,000	~~(5)~~ 18.08%

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:

				Class and
	Person whose		Consideration
Date of		Nature of		number of	Person’s votes
	relevant interest		given in relation
change		change (6)		securities	affected
	changed		to change (7)
				affected
22 July 2011	Polo Resources Limited and its Associates listed in Annexure A	Placing of Ordinary Shares	AUD 1,875,000.00	7,500,000 Ordinary shares	7,500,000

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
Polo Resources
Limited and its Associates listed in Citicorp Nominees Pty Limited	Not applicable		Relevant interest under S608(1)	20,645,000 Ordinary shares	20,645,000
Annexure A
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
Not applicable			Not applicable

6. Addresses

Name	Address
Polo Resources Limited and its associates listed in Annexure A	Craigmuir Chambers, Road Town, Tortola British Virgin Islands

Signature

print name Gary Good capacity	CFO
sign here date	25 July 2011
DIRECTIONS
er of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and
trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar,
ed to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members
paragraph 6 of the form.
f "associate" in section 9 of the Corporations Act 2001.
f "relevant interest" in sections 608 and 671B (7) of the Corporations Act 2001.
of a company constitute one class unless divided into separate classes.
divided by the total votes in the body corporate or scheme multiplied by 100.

• (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 on 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.

LON1_231188_1 (W2003)

This is annexure A of 1 page referred to in Form 603 Notice of initial substantial holder

Signed:		capacity	Gary Good
Name:	Gary Good	date	25 July 2011

Company	Country of Registratio n	Proportion held	Nature of associatio n
Polo Bangladesh Limited	BVI	100%	S12(2)(a)(iii)
Andina Gold Corp Limited	BVI	31.8%	S12(2)(a)(iii)
Polo Coal Limited	BVI	100%	S12(2)(a)(iii)
Polo Iron Limited	BVI	100%	S12(2)(a)(iii)
Polo Australasia Limited	BVI	100%	S12(2)(a)(iii)
Polo Copper Limited	BVI	100%	S12(2)(a)(iii)
Polo Cuprita Limited	BVI	100%	S12(2)(a)(iii)
PoloArrierosLimited	BVI	100%	S12(2)(a)(iii)

LON1_231188_1 (W2003)