Azumah Resources : Ceasing to be a substantial holder from ASL

31 May 2018

The Manager

Market Announcements Office ASX Limited

20 Bridge Street Sydney NSW 2000

By e-lodgement:https://www.asxonline.com

Dear Sir

Notice of Ceasing to be a Substantial Holder from Ausdrill Limited (ASX:ASL) for Azumah Resources Limited (ASX:AZM)

Attached is a completed and signed Form 605 Notice of Ceasing to be a Substantial Holder for Azumah Resources Limited.

A copy of the Form 605 has been sent to the Company Secretary of Azumah Resources Limited.

Yours sincerely

Efstratios Gregoriadis Company Secretary AUSDRILL LIMITED

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/SchemeAzumah Resources Limited (ASX: AZM)

ACN/ARSN

112 320 251

1. Details of substantial holder (1)

Name

ACN/ARSN (if applicable)

Ausdrill Limited (ASX:ASL) (Ausdrill) and subsidiaries of Ausdrill as set out in Annexure A (referred to together as the Ausdrill Group)

009 211 474

The holder ceased to be a substantial holder on	30 / 04 / 2018
The previous notice was given to the company on	12 / 09 / 2017
The previous notice was dated	12 / 09 / 2017
2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 (4)	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
30/04/2018	The Ausdrill Group	Dilution of interest in Azumah following Azumah's issue of 82,164,862 placement shares on 30 Apr 2018	Nil	36,629,810 fully paid ordinary shares	36,629,810

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A

4. Addresses

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

Name	Address
All members of the Ausdrill Group	6-12 Uppsala Place, Canning Vale, Western Australia 6155

Signature

print name

sign here

Efstratios Gregoriadis

CapacityCOMPANY SECRETARYdate

31 / 5 / 2018

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 4 of the form.

• (2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (3) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (4) 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.

• (5) 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.

• (6) The voting shares of a company constitute one class unless divided into separate classes.

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure A

This is Annexure A of 1 page referred to in Form 605 (Notice of ceasing to be a substantial holder) given by Ausdrill Limited and its subsidiaries.

______________________ Efstratios Gregoriadis Company Secretary

31 May 2018

______________________

Date

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African Mining Services Burkina Faso SARL
African Mining Services Mali SARL
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Ausdrill Ghana Pty Ltd	67 053 575 518
Ausdrill International & Management Services Pty Ltd	68 074 414 387
Ausdrill International Pty Ltd	49 069 769 811
Ausdrill Northwest Pty Ltd	58 103 661 374
Ausdrill Properties Pty Ltd	92 104 659 074
Ausdrill Tanzania Limited
Ausdrill Utilities Pty Ltd	99 103 016 771
BTP Equipment Pty Ltd	55 128 386 201
BTP Parts Pty Ltd	28 096 533 283
Connector Drilling Pty Ltd	14 148 853 561
Drill Rigs Australia Pty Ltd	99 128 786 603
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Energy Drilling Australia Pty Ltd	74 137 680 221
Golden Plains Pty Ltd	79 006 307 179
Logistics Direct Limited
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Mining Technology & Supplies Ltd
Power Solutions Africa SUARL
Supply Direct Pty Ltd	29 059 611 862
Supply Direct South Africa Pty Ltd	70 087 063 303
Synegex Holdings Pty Ltd	11 103 420 971
West African Mining Services Ltd