ADAVALE RESOURCES LIMITED — Director's Dealing 2024

Sep 30, 2024

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 30/9/2001.

Name of entity ADAVALE RESOURCES LIMITED ABN 96 008 719 015

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Allan Ritchie
Date of appointment	30 September 2024

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

NIL

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

	Name of holder & nature ofinterestNote: Provide details of the circumstances givingrise to the relevant interest.RAAR Capital Group Pty LtdRitchie Capital Pty Ltd <AllanRitchie Super Fund A/C>	Number & class of Securities19,774,250 Fully Paid Ordinary Shares622,780 Listed Options exercisable at $0.03 eachexpiring 31 December 20254,812,667 Fully Paid Ordinary Shares121,744 Listed Options exercisable at $0.03 eachexpiring 31 December 2025

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

RFF Capital Pty Ltd <Ritchie Family 2,000,000 Unlisted Options exercisable at $0.15 Fund A/C> each expiring 13 January 2025 Equity Plan Services Pty Ltd – 3,300,000 Class A Performance Rights expiring Adavale Resources Rights Share 31 December 2024 Trust (a trust which Mr Ritchie is a 3,300,000 Class B Performance Rights expiring beneficiary) 31 December 2025 3,000,000 Class C Performance Rights expiring 31 December 2026 1,500,000 Class D Performance Rights expiring 31 December 2026

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	NIL
Nature of interest
Name of registered holder
(if issued securities)
No. and class of securities to
which interest relates

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002