Form 603

Corporations Act 2001 Section 6718

Ill Company Name/Scheme ACN/ARSN

1. Details of substantial holder (1) Name

   ACN/ARSN (if applicable)

   Notice of initial substantial holder

   .

   INDIANA RESOURCES LIMITED ABN 67 009 129 560

   BPM COMMODITIES LIMITED

   Ille holder became a substantial holder on 27I 07 I 2016

2. Details of vot ng power

   The total number or votes attached to all the voung shares m tllC company or voling interests in tne scheme that the substantial hold'lf or anassociate (2) had a

   relP.vant interest (3) m on the date the substanual holder became a substantial holder are as follows:

   Classor secunues (4)	Number of securiues	Person's votes (5)	Voting power (6)
   Ordinary Shares	l,973,211	1,973,211	6.30%

3. Details of relevant interests

Tho nat...-e or the relevant interest the suostan:1al holder or an associate had 1n the following voting secu11t1es 011 llle ddtc lire :,ui.1)l.:111t1al holder bt".'Came a su!Jstanual

hOlder arc as follows.

4. Details of present registered holders

The persons rcg,slered as holders of the secunties referred to in paragraph 3 above are as follows

1. Consideral on

   lnl,! cons1dera:1on paid for each relevant interest referred to rn paragrapl13 above. and acqurred m 1he four months pnto the day that the substantial holder became a

   substantial holder 1s as follows·

   Holder of relevant mterr.st	Date of acqu1s1t100	Consideration (9)		Class ancl number of secunues
   1,asn	Non-casn
   Attached Appendix l

2. Associates

   Tile reasonslne persons named in paragraph 3 above are associates or the substantial holder are as rollows

   Name and /\CN/ARSN (ir applicable)	Nature or association

3. Addresses

The acldresses 01pein this Form are as follows.

Signature

print.name

JAMIEPHILLIP BOYTON capacity DIRECTOR

.,..,c;.-r- --1

sign here date 2..1 I 01 I 20\0

DIRECTIONS

(1) If there are a number of substantial holders with s,m,lar or related relevant interests (eg a corporation and ,ts related corporattons. or the manager and trustee or an equity trust). the names could be included m an annexureto the form Ir the relevant ,merests of a groupof persons are essenually similar. they may oe referred to

throughout the form as a spec,ficatly named group ,r me membership of each group. with the names and addresses of members ,s clearly set out in paragraph 7 of the form

(2) See the deflmuon or associate" insection 9 or the Corporauons /\ct 2001.

(3) See the definition of relevant interest" mseCllons 608 and 6718(7) or the Corporations Act 2001 (41 The vottng 5hares or a company consutule oneclass unless d1v1ded into separate classes

1. Ttie total nwnller of votes attached 10 all the voung shares 1n the company or voung 1merests ,n thescheme (1r any) that the person or an associate has a relevant inlcrcstm

   (61 The person's votes d1v1ded by the total votes inthe llOdy corporate or scheme multiplied by 100. (71 Include detailsof

2. any relevant agreement or other circumstances by which the relevant ,merest was acquired. If subsccuon 6718(4) applies. a copy of any document sewng out the terms orany relevant agreement. and a statement by the person g1v1119 rull and accurate details or any contract. scheme or arrangement must accompany this form. together with a wnuen statement certifying this contract scheme or arrangement and

3. any qualificauon of the power of a person to exercise. control the exercise of. or influence the exercise or. the voling powers or disposal of the secu1111es to wtuch the relevant interest relates (1nd1cat1ngclearly the particular securnies 10 which thequalificationapplies).

See the def1niuon or relevant agreement• ,n sec11on 9 or the Corporations /\ct 2001

(Bl 1r the subtant1al holder is unable to delerm,ne the identity of the person (eg if the relevant interest arises because or anop11on) wrne·unknown·

(9) Detailsor the cor1sidera11on must uiclude any and all benefits. money and other. that any person from whom a relevant interest was acquired has. or may. become enutled 10 receive inrelationlo that acqwsttion De1a1is must be included even if the benefit is cond1L1onal on the happen1119 or not of a contingency Details must be

included of a,1y benefit paidonbehalf of the substanttal holder or its associate m relationlo the acqu1s1t1ons. even ,r they are not paiddirectly to the person rrom whom

the relevant ,merest was acquired

APPENDIX 1

5. Consideration

HOLDER OR RELEVANT INTEREST	DATE OF ACQUISITION	CONSIDERATION		CLASS ANO NUMBER OF SECURITIES
CASH	NON CASH
BPM COMMOOITIIES LIMITED	16/6/2016 • consolidation 1:50	NIL	ORD. 800,000
BPM COMMOOITIIES LIMITED	16/06/16		37,766.98	ORO. 386,454
BPM COMMOOITIIES LIMITED	17/06/16	3,210.50	NIL		ORO. 32,105
BPM COMMOOITIIES LIMITED	20/06/16	14,423.50	NIL		ORO. 144,235
BPM COMMODITIIES LIMITED	21/06/16	7,092.53	NIL		ORD. 72,700
BPM COMMODITIIES LIMITED	27/06/16	1,965.29	NIL		ORD. 18,717
BPM COMMODITIIES LIMITED	28/06/16	659.72	NIL		ORO. 6,283
BPM COMMOOITIIES LIMITED	29/06/16	5,741.93	NIL		ORD. 54,685
BPM COMMOOITIIES LIMITED	26/07/16	10,050.15	NIL		ORD. 91,365
BPM COMMOOITIIES LIMITED	27/07/16	41,666.71	NIL		ORD.366,667