WEST WITS MINING LIMITED — Major Shareholding Notification 2009

Feb 22, 2009

603 Page 1 of 2 15 July 2001

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme

ACN/ARSN

West Wits Mining Limited (ASX : WWI)

124 894 060

1. Details of substantial holder (1)

Name Queensland Marketing Management Pty Ltd

ACN/ARSN (if applicable) 010 552 066

The holder became a substantial holder on 20 / 02 / 2009

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)
Ordinary Shares	6,316,500	6,316,500	5.19%

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
Queensland Marketing Management Pty Ltd	Shareholder	Ordinary Shares 6,316,500

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 of securities
Please refer to Annexure A

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)	Consideration (9)	Class and number of securities
		Cash	Non-cash
Please refer to Annexure A

603 Page 2 of 2 15 July 2001

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
Actionette Pty Ltd	Director Related Entity
Elmdale Australia Pty Ltd	Director Related Entity

7. Addresses

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

Name	Address
All	Suite 2, 1233 High Street, Armadale VIC 3143

Signature

print name sign here	Bryan Frost capacity Director
	date 23/02/2009

sign here

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 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, 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.

West Wits Mining Limited

ACN 124 894 060

ANNEXURE A

4. Details of present registered holders

Holder of Relevant Interest	Registered holder of Securities	Person entitled to be registered as holder	Class and Number of securities
Queensland MM Pty Ltd	Queensland MM Pty Ltd	Queensland MM Pty Ltd	ORD 2,006,500
Queensland MM Pty Ltd Fund A/C>	Queensland MM Pty Ltd A/C>	Queensland MM Pty Ltd Fund A/C>	ORD 2,500,000
Actionette Pty Ltd A Frost S/F A/C>	Actionette Pty Ltd Frost S/F A/C>	Actionette Pty Ltd A Frost S/F A/C>	ORD 1,290,000
Elmdale Australia Pty Ltd	Elmdale Australia Pty Ltd	Elmdale Australia Pty Ltd	ORD 20,000
Queensland Marketing Management Pty Ltd	Queensland Marketing Management Pty Ltd	Queensland Marketing Management Pty Ltd	ORD 500,000
		Total:	ORD 6,316,500

5. Consideration

Holder of Relevant Interest	Date of Acquisition	Consideration (Cash)	Class and Number of Securities
Queensland MM Pty Ltd	14/12/2007	$62,500.00	ORD 625,000
Queensland MM Pty Ltd	14/12/2007	$90,000.00	ORD 450,000
Queensland MM Pty Ltd	14/12/2007	$62,500.00	ORD 625,000
Queensland MM Pty Ltd	23/01/2008	$1,000.00	ORD 10,000
Queensland MM Pty Ltd	23/01/2008	$1,000.00	ORD 10,000
Queensland MM Pty Ltd	23/01/2008	$1,000.00	ORD 10,000
Queensland MM Pty Ltd	23/01/2008	$1,000.00	ORD 10,000
Queensland MM Pty Ltd	23/01/2008	$1,000.00	ORD 10,000
Queensland MM Pty Ltd	23/01/2008	$1,000.00	ORD 10,000

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Holder of Relevant Interest	Date of Acquisition	Consideration (Cash)	Class and Number of securities
Queensland MM Pty Ltd	23/01/2008	$1,000.00	ORD 10,000
Queensland MM Pty Ltd	23/01/2008	$1,000.00	ORD 10,000
Queensland MM Pty Ltd	23/01/2008	$1,000.00	ORD 10,000
Queensland MM Pty Ltd	23/01/2008	$1,000.00	ORD 10,000
Queensland MM Pty Ltd	04/02/2008	$1,000.00	ORD 10,000
Queensland MM Pty Ltd	06/08/2008	$21,164.00	ORD 162,800
Queensland MM Pty Ltd	08/08/2008	$43,836.00	ORD 337,200
Queensland MM Pty Ltd	15/10/2008	$50,000.00	ORD 1,000,000
Queensland MM Pty Ltd	16/10/2008	$20,000.00	ORD 500,000
Queensland MM Pty Ltd	21/10/2008	$15,000.00	ORD 500,000
Actionette Pty Ltd	14/12/2007	$5,000.00	ORD 500,000
Actionette Pty Ltd	14/12/2007	$1,250.00	ORD 125,000
Actionette Pty Ltd	23/01/2008	$2,000.00	ORD 10,000
Actionette Pty Ltd	23/01/2008	$2,000.00	ORD 10,000
Actionette Pty Ltd	23/01/2008	$2,000.00	ORD 10,000
Actionette Pty Ltd	04/02/2008	$2,000.00	ORD 10,000
Actionette Pty Ltd	16/07/2008	$12,500.00	ORD 125,000
Actionette Pty Ltd	16/10/2008	$25,000.00	ORD 500,000
Elmdale Australia Pty Ltd	14/12/2007	$2,000.00	ORD 10,000
Elmdale Australia Pty Ltd	14/12/2007	$2,000.00	ORD 10,000
Queensland MM Pty Ltd Super Fund A/C>	09/12/2008	$7,074.00	ORD 196,500
Queensland Marketing Management PtyLtd	25/02/2008	$45,000.00	ORD 500,000
	Total:	$ 483,024.00	ORD 6,316,500

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