World Titanium Resources : Ceasing to be a substantial holder from MDL

605_3 Form605 CorporationsAct 2001 Section 671B

Notice of ceasing to be a substantial holder

To CompanyName/Scheme

World Titanium Resources Limited ('WTR')

ACN/ARSN

120 723 426

1. Details of substantial holder(1)

Name

Theholder ceasedto bea substantial holder on	04 / 03 / 2016
Thepreviousnoticewasgivento thecompanyon	01 / 11/ 2013
Thepreviousnoticewasdated	01 / 11/ 2013
2. Changes in relevant interests

ACN/ARSN (if applicable)

Mineral Deposits Limited ('MDL') 064 377 420

Particularsof eachchangein, or changein thenatureof, arelevant interest (2)of thesubstantial holder or anassociate(3 ) invotingsecuritiesof thecompanyor scheme, sincethe substantial holder waslast requiredtogiveasubstantial holdingnoticeto thecompanyor schemeareasfollows:

Date of change	Person whose relevant interest changed	Nature of change(4)	Consideration givenin relation to change(5)	Class(6)and number of securities affected	Person's votes affected
04/03/2016	Mineral Deposits Ltd	Share Disposal	A$5,479,741.61	78,282,023	78,282,023

1. Changes in association

   
   

   Thepersonswhohavebecomeassociates (3)of, ceasedtobeassociatesof, or havechangedthenatureof their association(7) with, thesubstantial holder in relationtovoting interests in thecompanyor schemeareasfollows:

   
   

   Name andACN/ARSN (if applicable)	Nature of association

   
   

2. Addresses

Theaddressesof personsnamedin this formareasfollows:

Name	Address
ZTF Investments Pty Ltd	C/- Mineral Deposits Limited
Level 17, 530 Collins Street Melbourne VIC 3000

ZTF Investments Pty Ltd (a wholly owned subsidiary of MDL) is the registered holder of MDL's investment in WTR

Signature

print name

Michaela Evans

capacity

Company Secretary

sign here date

04 / 03

/ 2016

DIRECTIONS

1. If there area number of substantial holders withsimilaror relatedrelevant interests (eg. a corporationandits relatedc orporations, or themanager andtrusteeof an equity trust), thenamescouldbeincludedinanannexure to theform. If therelevant interestsof agroupof personsareess entiallysimilar, theymaybereferredto throughout theformasa specifically namedgroupif themembershipof eachgroup, with thenamesandaddressesof members isc learly set out in paragraph4 of the form.

   
   

2. See thedefinitionof "relevant interest" in sections608and671B(7)of theCorporationsAct 2001.

   
   

3. See thedefinitionof "associate" in section9 of theCorporationsAct 2001.

   
   

4. Includedetailsof:

5. anyrelevant agreement orother circumstancesbecauseof which thechangein relevant interest occurred. If subsection671B (4)applies, a copyof any document settingout the termsof anyrelevant agreement, anda statement by thepersongiving full andaccurate details of any contract, scheme or arrangement, must accompanythis form, together witha writtenstatement certifyingthiscontract, schemeor arrangement; and

   
   

6. anyqualificationof thepower of apersontoexercise, control theexerciseof, or influencetheexerciseof, thevotingpo wersor disposal of thesecuritiesto whichtherelevant interest relates(indicatingclearly theparticular securitiestowhichthequalificationapplies).

   See thedefinitionof "relevant agreement" in section9 of theCorporationsAct 2001.

   
   

7. Detailsof theconsiderationmust includeanyandall benefits,moneyandother, that anypersonfromwhoma relevant intere st wasacquiredhas, ormay, become entitledto receivein relationto that acquisition. Detailsmust beincludedevenif thebenefit isconditional onthehappen ingor not of acontingency. Detailsmust be includedof anybenefit paidonbehalf of thesubstantial holder or itsassociate inrelationto theacquisitions, evenif they arenot paiddirectly to thepersonfrom whom therelevant interest wasacquired.

   
   

8. Thevotingsharesof acompanyconstituteoneclassunlessdividedintoseparateclasses.

   
   

9. Givedetails, if appropriate, of thepresent associationandanychangein that associationsincethelast substantial holdi ngnotice.