Northern Star Resources : Change in Substantial Holding – Van Eck Associates Corporation

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:

604 GUIDE page 1/1 13 March 2000

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

ToCompany Name/Scheme

ACN/ARSN

1. Details of substantial holder (1) Name

ACN/ARSN (if applicable)

Northern Star Resources Ltd

092 832 892

Van Eck Associates Corporation (and its associates referred to in paragraph 6).

N/A

There was a change in the interests of the substantial holder on

The previous notice was given to the company on The previous notice was dated

19/01/2021

20/01/2021

19/01/2021

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)	Previous notice		Present notice
Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary shares	96,575,375	13.03%	105,142,233	14.19%

3. Changes in relevant interests

	Date of		Person whose	Nature of	Consideration	Class and
		number of	Person's votes
		relevant interest	given in relation
	change		change (6)	securities	affected
		changed	to change (7)
				affected
		Van	Eck Associates	See Annexure A
		Corporation (VEAC)
4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of	Registered	Person entitled	Nature of	Class and
relevant	holder of	to be registered	relevant	number of	Person's votes
interest	securities	as holder (8)	interest (6)	securities
VEAC	Bank of New York	VanEck Vectors Gold	VEAC holds its relevant	Ordinary shares	7.31%
	Mellon as custodian	Miners ETF (GDX)	interest by having the
	54,191,469
	for VanEck Vectors		power to exercise, control
	Gold Miners ETF		the exercise of, or
			influence the exercise of,
			the voting powers or
			disposal of the securities
			to which the relevant
			interest relates in the
			ordinary course of
			investment management
			business.

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VEAC	Bank of New York	VanEck Vectors	Same as above.	Ordinary shares	5.24%
	Mellon as custodian	Junior Gold Miners
		38,813,392
	for VanEck Vectors	ETF (GDXJ)
	Junior Gold Miners
	ETF
VEAC	State Street Bank as	VanEck Vectors	Same as above.	Ordinary shares	0.01%
	custodian for VanEck	MSCI Australian
		102,513
	Vectors MSCI	Sustainable Equity
	Australian Sustainable	ETF (GRNV.AU)
	Equity ETF
VEAC	State Street Bank as	VanEck International	Same as above.	Ordinary shares	0.49%
	custodian for VanEck	Investors Gold Fund
		3,652,100
	International Investors	(IIG)
	Gold Fund
VEAC	Credit Agricole as	LODH Invest - The	Same as above.	Ordinary shares	0.04%
	custodian for LODH	World Gold Expertise
		305,370
	Invest - The World	Fund (LODH)
	Gold Expertise Fund
VEAC	Bank of New York	VanEck Vectors	Same as above.	Ordinary shares	0.07%
	Mellon as custodian	S&P/ASX Midcap
		503,602
	for VanEck Vectors	ETF (MVE.AU)
	S&P/ASX Midcap ETF
VEAC	Bank of New York	VanEck Vectors	Same as above.	Ordinary shares	0.06%
	Mellon as custodian	Australian Resources
		410,580
	for VanEck Vectors	ETF (MVR.AU)
	Australian Resources
	ETF
VEAC	Bank of New York	VanEck Vectors	Same as above.	Ordinary shares	0.15%
	Mellon as custodian	Australian Equal
		1,076,819
	for VanEck Vectors	Weight ETF
	Australian Equal	(MVW.AU)
	Weight ETF
VEAC	Bank of New York	VacEck Vectors	Same as above.	Ordinary shares	0.00%
	Mellon as custodian	Global Mining UCITS
		27,420
	for VanEck Vectors	ETF (UCTGDIG)
	Global Mining UCITS
	ETF
VEAC	Bank of New York	VanEck Vectors Gold	Same as above.	Ordinary shares	0.38%
	Mellon as custodian	Miners UCITS ETF
		2,782,070
	for VanEck Vectors	(UCTGDX)
	Gold Miners UCITS
	ETF

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VEAC	Bank of New York	VanEck Vectors	Same as above.	Ordinary shares	0.41%
	Mellon as custodian	Junior Gold Miners
		3,063,198
	for VanEck Vectors	UCITS ETF
	Junior Gold Miners	(UCTGDXJ)
	UCITS ETF
VEAC	State Street Bank as	Van Eck VIP Trust -	Same as above.	Ordinary shares	0.03%
	custodian for Van Eck	VIP Global Gold
		213,700
	VIP Trust - VIP Global	(VGOLD)
	Gold

5. Changes in association

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 and ACN/ARSN (if applicable)	Nature of association

6. Addresses

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

Name	Address
VEAC	666 Third Avenue, New York, NY 10017
Van Eck Securities Corporation	666 Third Avenue, New York, NY 10017
Van Eck Absolute Return Advisers, Inc.	666 Third Avenue, New York, NY 10017
VanEck Australia Pty Ltd	Level 4 Aurora Place, 88 Phillip Street, Sydney NSW 2000
VanEck Investments Limited	Level 4 Aurora Place, 88 Phillip Street, Sydney NSW 2000

Signature

print name	Andrew Tilzer	capacity	AVP
sign here
	date	21/01/2021

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 6 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:
7. 1. 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
   2. 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.

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1. 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 on 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.
2. If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown'".
3. Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

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