ARIKA RESOURCES LIMITED — Director's Dealing 2022

Dec 19, 2022

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of 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 30/09/01 Amended 01/01/11

Name of entity	Metalicity Limited
ABN	92 086 839 992

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Justin Barton
Date of last notice	3 June 2022

Part 1 - Change of director’s relevant interests in securities

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.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Director Controlled - Coventina Holdings Pty Ltd ATF
Date of change	20 December 2022

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Mr Barton’s relevant interest in securities comprises an indirect interest (held by Coventina Holdings Pty Ltd ATF , an entity associated with Mr Barton) in: • 19,850,511 Shares; • 5,650,000 Performance Rights vesting at $0.05 expiring on 30 January 2023; • 10,695,187 Performance Rights subject to the Company achieving a 20-day volume weighted average price (VWAP) of Shares of at least $0.04 expiring on 18 December 2022; and • 13,245,033 Performance Rights subject to the Company achieving a 20-day volume weighted average price (VWAP) of Shares of at least $0.06 expiring on 18 December 2022. • 1,470,409 Listed options exercisable at $0.01 on or before 1 June 2024
Class	Unlisted Performance Rights
Number acquired	• 5,000,000 Performance Rights vesting on achievement of a closing share price of the Company’s ordinary shares listed on the ASX exceeding $0.015 for 5 consecutive days, expiring 20 December 2025; and • 5,000,000 Performance Rights vesting on achievement of a closing share price of the Company’s ordinary shares listed on the ASX have exceeding $0.025 for 5 consecutive days, expiring 20 December 2025.
Number disposed	• 10,695,187 Performance Rights subject to the Company achieving a 20-day volume weighted average price (VWAP) of Shares of at least $0.04 expiring on 18 December 2022; and • 13,245,033 Performance Rights subject to the Company achieving a 20-day volume weighted average price (VWAP) of Shares of at least $0.06 expiring on 18 December 2022.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Acquired - $88,000 Disposed - N/A
No. of securities held after change	Mr Barton’s relevant interest in securities comprises an indirect interest (held by Coventina Holdings Pty Ltd ATF , an entity associated with Mr Barton) in: • 19,850,511 Shares; • 5,650,000 Performance Rights vesting at $0.05 expiring on 30 January 2023; • 5,000,000 Performance Rights vesting on achievement of a closing share price of the Company’s ordinary shares listed on the ASX have exceeding $0.025 for 5 consecutive days, expiring 20 December 2025; • 5,000,000 Performance Rights vesting on achievement of a closing share price of the Company’s ordinary shares listed on the ASX have exceeding $0.025 for 5 consecutive days, expiring 20 December 2025; and • 1,470,409 Listed Options exercisable at $0.01 on or before 1 June 2024
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of Performance Rights as a long-term incentive. Expiry of Performance Rights without exercise or conversion.

Part 2 – Change of 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 N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	N/A
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011