WA1 RESOURCES LTD — Major Shareholding Notification 2023

May 22, 2023

			Form 603
			Corporations Act 2001
			Section 671B
			Notice of initial substantial holder
To Company Name/Scheme			WA1 Resources Ltd (WA1)
ACN/ARSN			646 878 631
1. Details of substantial holder (1)
Name			Regal Funds Management PtyLtd and its associates(see Annexure 1)
ACN/ARSN (if applicable)			-
The holder became a substantial holder on			19/05/2023
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)		Person's votes (5) Number of securities		Voting power (6)
ORDINARY		3,644,745 3,644,745		*6.82%
*The % substantial is based on the		shares on issue of 53,436,364 as disclosed by the Company on 19-05-2023.
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
			REGAL FUNDS MANAGEMENT PTY LIMITED HAS A
REGAL FUNDS MANAGEMENT PTY LIMITED			RELEVANT INTEREST IN ITS CAPACITY AS INVESTMENT	3,644,745 ORDINARY
			MANAGER AND/OR TRUSTEE
REGAL PARTNERS LIMITED			CONTROLLER OF REGAL FUNDS MANAGEMENT PTY LIMITED	3,644,745 ORDINARY
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 as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
				Power to control
Regal Funds Management Pty Ltd and its associates		UBS NOMINEES PTY LTD UBS AG, AUSTRALIA BRANCH		the exercise of a power to dispose	8,381 ORDINARY	8,381
				of securities
				Power to control
Regal Funds Management Pty Ltd and its associates		MERRILL LYNCH (AUS) NOMINEES PTY LTD MERRILL LYNCH INTERNATIONAL LIMITED		the exercise of a power to dispose	2,624,828 ORDINARY	2,624,828
				of securities
				Power to control
Regal Funds Management Pty Ltd and its associates	J.P. MORGAN PRIME NOMINEES LTD J.P MORGAN SECURITIES PLC			the exercise of a power to dispose	1,011,536 ORDINARY	1,011,536
				of securities

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
		See Annexure 2
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
		REGAL PARTNERS LIMITED	100% OWNER OF REGAL FUNDS MANAGEMENT PTY
			LIMITED
7. Addresses
The addresses		of persons named in this form are as follows:
		Name	Address
REGAL FUNDS MANAGEMENT PTY LIMITED			LEVEL 47, GATEWAY, 1 MACQUARIE PLACE, SYDNEY
			NSW	2000
		REGAL PARTNERS LIMITED	LEVEL 47, GATEWAY, 1 MACQUARIE PLACE, SYDNEY
			NSW	2000
Signature
		print name KennyHo		capacity	CompanySecretary
		sign here		date	23/05/2023
Annexure	1
Details of Substantial Holders
ACN		Name
107 576 821		REGAL FUNDS MANAGEMENT PTY LIMITED
129 188 450		REGAL PARTNERS LIMITED

Annexure 2

Consideration

			Consideration
			given in	Number of		Persons
		Nature of	relation to	securities	Class of	votes
Date	Person whose relevant interest changed	Change	change	affected	securities	affected
	Regal Funds Management Pty Limited (and Regal
	Partners Limited by virtue of control of Regal Funds
11/05/2023	Management Pty Limited)	Buy	14120.14	4981	Ordinary	4981
	Regal Funds Management Pty Limited (and Regal
	Partners Limited by virtue of control of Regal Funds
12/05/2023	Management Pty Limited)	Buy	10200.00	3400	Ordinary	3400
	Regal Funds Management Pty Limited (and Regal
	Partners Limited by virtue of control of Regal Funds
19/05/2023	Management Pty Limited)	Buy	10000001.00	3636364	Ordinary	3636364