VOLT RESOURCES LIMITED — Major Shareholding Notification 2012

Jan 17, 2012

603 page 1/3 15 July 2001

Form 603 Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme Mozambi Coal Ltd

ACN/ARSN

106 353 253

This notice is given by Richmond Natural Resources, LLC on behalf of itself and the controlling shareholder of Richmond Natural Resources, LLC , Gary Rogliano.

1. Details of substantial holder (1) Name Richmond Natural Resources, LLC ACN/ARSN (if applicable) N/A

The holder became a substantial holder on 17/01/2012

2. Details of voting power

2. Details of voting power	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 5,716,176 5,716,176	5%

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:

tial holder are as follows:
Holderof relevantinterest	Nature of relevantinterest (7)	Class andnumberofsecurities
Richmond Natural Resources, LLC p h	Registered holder or entry into contracts for the urchase of the securities on Australian Stock Exchange Limited (ASX) where trades on ASX avenot settled	5,716,176 ordinary shares
Gary Rogliano T r	aken under section 608(3)(b) of the Corporations Act to have a relevant interest by eason of having control of Richmond Natural Resources,LLC	5,716,176 ordinary shares

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 registered asholder(8)	Class and number ofsecurities
Richmond Natural Resources, LLC	Richmond Natural Resources, LLC or various vendors of securities on ASX where trades on ASX havenot settled	Richmond Natural Resources, LLC	5,716,176 ordinary shares
Gary Rogliano	Richmond Natural Resources, LLC or various vendors of securities on ASX where trades on ASX havenot settled	Richmond Natural Resources, LLC	5,716,176 ordinary shares

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:

a substantial holder is as follows:
Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
Richmond Natural Resources, LLC	15/11/2011	$50,910.00		300,000 ordinary shares
Richmond Natural Resources, LLC	16/11/2011	$16,150.00		100,000 ordinary shares
Richmond Natural Resources, LLC	17/11/2011*	$87,250.00		500,000 ordinary shares
Richmond Natural Resources, LLC	18/11/2011	$87,250.00		500,000 ordinary shares
Richmond Natural Resources, LLC	21/11/2011	$91,900.00		500,000 ordinary shares
Richmond Natural Resources, LLC	28/11/2011	$95,900.00		500,000 ordinary shares

603 page 2/3 15 July 2001

Richmond Natural Resources, LLC	2/12/2011	$92,050.00	500,000 ordinary shares
Richmond Natural Resources, LLC	5/12/2011	$40,389.46	218,676 ordinary shares
Richmond Natural Resources, LLC	6/12/2011	$73,800.00	400,000 ordinary shares
Richmond Natural Resources, LLC	16/12/2011	$91,562.50	625,000 ordinary shares
Richmond Natural Resources, LLC	4/1/2012	$61,696.57	409,944 ordinary shares
Richmond Natural Resources, LLC	5/1/2012	$76,154.70	490,056 ordinary shares
Richmond Natural Resources, LLC	6/1/2012	$14,282.00	92,500 ordinary shares
Richmond Natural Resources, LLC	10/1/2012	$56,229.59	375,114 ordinary shares
Richmond Natural Resources, LLC	16/1/2012	$20,593.70	124,886 ordinary shares
Richmond Natural Resources, LLC	10/1/2012	$13,280.00	80,000 ordinary shares

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
GaryRogliano	Controllingshareholder of the substantial holder Richmond Natural Resources, LLC

7. Addresses

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

Name	Address
Richmond Natural Resources, LLC	494 Hope Springs Lane, Richmond, Virginia USA 23103
GaryRogliano	494 Hope Springs Lane, Richmond, Virginia USA 23103

603 GUIDE

page 1/1 13 March 2000

Signature

print name David McManus capacity	Authorised Representative
sign here date	18/01/12
DIRECTIONS
a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and
n 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,
e referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members
et out in paragraph 7 of the form.
finition of "associate" in section 9 of the Corporations Act 2001.
finition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
shares of a company constitute one class unless divided into separate classes.

• (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 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 671B(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 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.

• (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, moneys 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.