Metals X : Ceasing to be a Substantial Holder

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25 J ul y 2016 "The Manager

Company Announcements ()flice

ASX Limited

20 Bridge Street Sydney NS W 2000

By electronic lodgement Dear Sir/Madam

Ruffer LLP

80 Vict()rill. Street

Loi1dm1 SW!E SJL

Fax +44 (0)20 7963 8175

www.n.+ff er,co,uk

Re: Notice of ce11si!Jg to be 11 substm1til1l lHildcr -- Metals X Li.m..ited

We enclose a notice of ceasing to be a Stibstnntin.l holder in Metals X Limited. This notice is given

by Ruf fer LLP.

Youts foithfoll y

l,i.mise Stamv:1y

Compl iance Offkcr

,,llach

-

f' ' INVESTORS

.. J IN PEOPLE

l{td),.r LLP !£ i Uniitcd lfaibdity piii'h'!etrhip, l't'.$#(9ti;',1,t i:1i fi.nffhtnd wilh rq4iitl.rtlon nurribvr (X:,'.;:1052$1* The lm!', p1inclp"1 tIM ,n'hw,lnv,; nnI!80 Vlcw1i• Si1Rul1'¢t LLP i aut't!i)!'iMtand rwguln.t(id by th Fint1n0rn.l (,1t1dt.Wi: A!Jhi)rity

605 page 1 11 15 July 1001

Form 605

Corpotntlon, Ac! 2001

$notion &mil

Notice of ceasing to be a substantial holder

I,£L, Company Name/Scheme

ACNIARSN 110 I SO

1. Dmll, M ,ub.tantlal holdor(1)

Name

Ruifor LLP

CAN/AR8N (if nppllcnble)

The holder ceas (9 bl) a

,ub1tanllal hnldur un

The previous notk;(l W$ given q the c;ampany

The previous ncllco was dated

ULQ1J211J§

lllfilj{1QJJ

Jjj_Q_4_(ffe_QJ&

Patt1culars of each change in, or change ·1n the n.iiwit ot, a relevant ·interest (2) of the substan!lal holder or an associate (3) in voting seci-.1rities of the company or scheme, sir,ce !he swbslantial holder was last required to give a substantial holding rtotice 1¢ th company or scheme are as follo w s

Nature cl 141	ConE1dOt'Ut10r) glvon ln reUtlon tu	Gl@1i {Gi #Cd tnJffi!:HJr	YUIUY o lfoc1c u

Th& p$r'$01"l!J: who have become associates () o( ceased to 00 asaodaes of, ¢! have Changed the r1ature of their· as.&i1o.n {7/ with, !he tibs!anUa! holder 1n re1at1ori le ¥cling if11ere:!zjts i'n he company or scheme are a fo!!ow s.

N,m• and CAN/AR$N (ii NIA
	NIA

4. Addresses

Tll@ addresses of prsons named in this form are afS follow s,

Name

Signature

..bii.JZES&J

sign hem dale ZS I 071 2016