25 January 2016

ASX Limited

Market Announcements Office Exchange Cantre

20 Bridge Street

SYDNEY NSW 2000

Fax 1300 135 638

FOR IMMEDIATE RELEASE TO THI: MARKl:T

Dear Sir/Madam

Form 605: Notice of ceasing to be a substantial holder

Please find enclosed, in accordance with section 6718 of the Corporations Act 2001 (Cth), a "Form 605 - Notice of ceasing to be a substantial holder", for Yankuang Resources Ply Ltd (ACN 141 525 046) (YRPL) In respect of Bauxite Resources Limited (ACN 119 699 982) (BAU).

YRPL became a substantial holder of BAU on 25 January 2010, following the subscription by YRPL for 19,700,000 fully paid ordinary shares in the capital of BAU.

YRPL has now ceased to be a substantial shareholder of BAU following the buy-back of Its shares by BAU on 21 January 2016.

Yours faithfully .' .f7

\\;V j,\-t

Baocai Zhang

Director

Yankuang Resources Pty Ltd

Form 605

Corporations Act 2001 Section 871B

Notice of ceasing to be a substantial holder

k Company NamelSeMme Bau,11• Resourca, Limited (BAUi ACNIARSN 119 699 902

1. Detallt or aubatantlal holder (1)

Name Yankuang Resources Pty Ltd (YRPL), Chart lnveatment Limited, ALYK (H.K.) Limited, Yankuang Aluminium lnlemallonal Trade

Co., Ltd, Yankuang Group Company Limited and each of their assocla:\l llsW In Anne 1.1re 6

ACNIARSN (if applicable) 141 525 046

The holder ceeeed to be a

substanUal holder on 2110112016

The pravlou, notice was given to lhe company on The pravlous nollce was dated

1. Changes In nilavant lntoreots

   
   

   Partlculalll or each change In, or change In the natura or, a relevanl Interest (2) or the aubatantlal holder or an aeaoclata (3) in voling,ocunllos of lh• company or scheme, since the eubetantlal holder wee lest required lo give a substanUal hoing notice lo Iha company or scheme are as follows:

   
   

   Oate of Chango	Pemon whose Alllevant inl	Natura of change (4)	Consideration given In n,la!on to changes (o)	Class (6) and number or securities affected	Pel'Gon's votes affected
   2110112016	YRPL	8uy-llack of share, a, announ!d by BAU en 22 /1012015, purauant to the Share Buy-Back Agl6emanl b&lw88n BAU end YRPL dated 30 November 2015, a copy of which is attached as Annexure A	A$1,150,000	19,700,000 fully paid ordinary shares	19,700,000
   2110112016	Chart lnveslnt Limited	Ceeooo to nave the ability to control the power lo e,erclse the disposal of the ol\erae and the right lo vote the share, a, the holdIng company of YRPL	A$1,150,000	19,700,000 fully peld ordinary shares	19,700,000
   2110112016	ALYK (i,K.) Limited	COBsas lo have the ablllty lo control tho power to exerclae the disposal or the shan,s and Iha right to vote Iha shares as the holding a,mpany of Chari lnvoslmanl Limited	A$1,150,000	19,700,000 fully paid ordinary shares	19,700,000
   2110112016	Yankuar'lg Aluminium International Trade Co.. Lid	Ceases to have Iha ablllly lo control the power to exercise lhe disposal or the shar!!s and the right lo vole the shares as Iha holding a,mpany of ALYK (H.K.) Llmllad	A$1,150,000	19,700,000 fully peld ordinary shares	19,700,000
   2110112016	Yankuang Group Company Limil	Ceases lo have lhe ablllty lo control the power to exercise the disposal of tho shares and Iha right to vole the shares as Iha ultimate holding company o1YRPL	A$1,150,000	19,700,000 Jully paid ordinary shares	19,700,000

   
   

2. Changes In Htocfatlon

The pemons who have Moome a..oclates (3) of, ceased lo be associates or, or have changed the nature of their aasoolallon (7) with, the oubstanial holder in relation lo voUng Interests in the company or scheme are as follows:

4. Addreasee

27106227_1

The addresses of persons named In lhls form are as follows:

Signature

print name capacity DlraCIOr

DIRECTIONS

(1) IIthere are a number of substantial holders wllh similar or related relevant lntereols (eg o corporaUon and Its relaled corporations, or tho manager end trustee of on equity trust), tno name, could be Included In an annoxure to theImm. IItne rolovanl lntero,ls of a group of por.mns are ••Hnllally,1m11ar, they may be referred to throughout the form as a specmcaui named group If the memberahlp of eaoh group, with the names and oddrasso, or mombem r, clearly Mlout in paisgraph 4 or the rorm.

(2) See lhe delinition of "relevant inlsresr1 In secUons 608 and 6718(7) or the Corporations Act 2001.

1. See the denniHon of 'associate" In section 9 of lho Corporations Act 2001.

2. Include details of:

   
   

   (e) any relevant agreement or olhor ciri:um,tonc because of which Iha change In relevant Interest occurred. If subsection 6719(4) applies, a copy of any document setting out tne terms of ani ralevanl sgreemont, ond a stotomenl by lho porson givinglull ond aocurate detoll, of any contract, scheme or arrangement, must aocompany this form, together with a wnttan statement oertlfylng this contract, scheme or arrangement; and

   
   

   (b) any quallllcallon of Iha power of a person to axerolae, control the exercise of, or lnfluanoeIha exercise of, the voling powara or disposal of tho seounUeo

   to which lhe relevant Interest relaleJ (lndlcallng clearly the partlculer securllies lo which lhe quallHcatlon applles).

   Seo tno dofinltlon of 'relevant ag"'8menr In section 9 of Iha Corporations Act 200-1.

   
   

3. Details of the oonsideraUon must lncludo any and all boneHis, money and other, lhal any person from whom a relevant Interest was acqulrad has, or may, become enmled to reoelve In relellon to that acqulslllon. Delallo muot be Included even if the banent IS oondltlonal on the happening or not of a contingency. Details must be included of any bonont paid on behalf of the substantial holder or lls associate In relation toIha acquisitions, even If they are not paid dlraclly to the person from whom the relevant lnlereot wa, aoqulrad.

   
   

4. The voUng shaMs of o con1pen1 oon,titute one cioss unless divided into soporato classes.

   
   

5. Give do!Olls, if appropriate, of Iha pra;ent association and any change in lhal essociation since lhe lesl subslentlal holding notice.

Annexure A

This Is Annexure "A" of 8 pages referred to in Form 605 (Notice of ceasing to be a substantial holder) signed by me on behelf of Yankuang Resources Ply Ltd (ACN 141 525 046) (YRPL).

I confirm that this Is a true copy of tile Share Buy-Back Agreement between YRPL and Bauxite Resources Pty Ltd dated 30 November 2015.

···· , --:£'

Name: Baocai Zhang

Title: Director

Date: 25 January 2016