YANDAL RESOURCES LIMITED — Major Shareholding Notification 2021

Apr 7, 2021

604 GUIDE page1/4 13 March 2000

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To: Company Name/Scheme	Yandal Resources Limited (ASX:YRL)	Yandal Resources Limited (ASX:YRL)
ACN/ARSN	108 753 608
1. Details of substantial holder (1)
Name	DGO Gold Limited (ASX:DGO)
ACN/ARSN (if applicable)	124 562 849
There was a change in the interests of the
substantial holder on		07/04/2021
The previous notice was given to the company on		23/10/2020
The previous notice was dated		23/10/2020

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:

Class of securities (4)	Previousnotice	Previousnotice	Presentnotice	Presentnotice
	Person’svotes	Voting power(5)	Person’svotes	Voting power(5)
OrdinaryFullyPaid Shares	8,056,000	8.69%	13,374,769	14.26%

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:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected
23/11/2020	DGO Gold Limited	On market purchase	$0.465 per share	Ord 33,536	33,536
25/11/20	DGO Gold Limited	On market purchase	$0.455	Ord 163,796	163,796
26/11/20	DGO Gold Limited	On market purchase	$0.452	Ord 50,633	50,633
30/11/20	DGO Gold Limited	On market purchase	$0.46	Ord 13,198	13,198
10/12/20	DGO Gold Limited	On market purchase	$0.4544	Ord 28,588	28,588
11/12/20	DGO Gold Limited	On market purchase	$0.4487	Ord 73,227	73,227
14/12/20	DGO Gold Limited	On market purchase	$0.4342	Ord 50,000	50,000
15/12/20	DGO Gold Limited	On market purchase	$0.375	Ord 80,772	80,772
17/12/20	DGO Gold Limited	On market purchase	$0.3702	Ord 54,193	54,193
18/12/20	DGO Gold Limited	On market purchase	$0.37	Ord 256,057	256,057
21/12/20	DGO Gold Limited	On market purchase	$0.369	Ord 70,324	70,324
07/04/21	DGO Gold Limited	Off market purchase	$0.45	Ord 4,444,445	4,444,445

604 GUIDE page2/4 13 March 2000

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
DGO Gold Limited	DGO Gold Limited	DGO Gold Limited	Holder of the shares	Ordinary Fully Paid Shares 13,374,769	13,374,769

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 andACN/ARSN(ifapplicable)	Nature ofassociation
Not applicable

6. Addresses

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

Name	Address
DGO Gold Limited	Level 9, 63 Exhibition Street, Melbourne VIC 3000

print name Markus Ziemer capacity Company Secretary sign here date 07/04/2021

604 GUIDE page3/4 13 March 2000

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (e.g., 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 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 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.

(8) If the substantial holder is unable to determine the identity of the person (e.g. 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.