ASKARI METALS LIMITED — Director's Dealing 2024

Nov 20, 2024

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ASX: AS2
ASX ANNOUNCEMENT I 21 November 2024
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CHANGE OF DIRECTOR S INTEREST NOTICES
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Askari Metals Limited ( ASX: AS2 ) (“ Askari ” or “ Company ”) submits the attached Change of Director Interest Notices for Mr Gino D’Anna and Mr Rob Downey. The notices address the listed options (AS2O) that recently expired on 31 October 2024.

The Company advises that the notices were lodged late due to an administrative oversight.

As disclosed in the earlier announcement, the Company has taken further steps to ensure compliance with its disclosure obligations under Listing Rule 3.19A.

The Company considers the current and newly implemented arrangements for ensuring compliance with Listing Rule 3.19B to be adequate and effective, and this delay was an isolated incident caused by an oversight.

This announcement has been authorised by the board of directors of the Company.

FOR FURTHER INFORMATION PLEASE CONTACT

INVESTORS

Gino D’Anna

MANAGING DIRECTOR

M. +61 400 408 878

E. gino@askarimetals.com

ABOUT ASKARI METALS

Askari Metals is a focused Southern African exploration company. The Company is actively exploring and developing its Uis Lithium Project in Namibia located along the Cape-Cross – Uis Pegmatite Belt of Central Western Namibia. The Uis project is located within 2.5 km from the operating Uis Tin-Tantalum-Lithium Mine which is currently operated by Andrada Mining Ltd and is favourably located with the deep water port of Walvis Bay being less than 230 km away from the Uis project, serviced by all-weather sealed roads. In March 2023, the Company welcomed Lithium industry giant Huayou Cobalt onto the register who remains supportive of the Company’s ongoing exploration initiatives.

The Company has also recently acquired the Matemanga Uranium Project in Southern Tanzania which is strategically located less than 70km south of the world-class Nyota Uranium Mine. Askari Metals is actively engaged in due diligence to acquire further uranium projects in this emerging tier-1 uranium province.

The Company is currently assessing its options for a divestment strategy of the Australian projects which includes highly prospective gold, copper, lithium and REE projects.

For more information please visit: www.askarimetals.com

ACN 646 034 460 I askarimetals.com

ASX: AS2

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 Askari Metals Limited ABN 39 646 034 460

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	Gino D’Anna
Date of last notice	21 November 2024

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.	Gino D’Anna Rachel D’Anna
Date of change	31 October 2024
No. of securities held prior to change	8,523,300 Fully Paid Ordinary Shares 5,350,000 Performance Rights 2,000,301 Listed Options (AS2O) 250,000 Unlisted Options exercisable at $0.065 expiring 31 December 2027
Class	Listed Options (AS2O)
Number acquired	-
Number disposed	2,000,301

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	8,523,300 Fully Paid Ordinary Shares 5,350,000 Performance Rights 250,000 Unlisted Options exercisable at $0.065 expiring 31 December 2027
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Expiry of Options.

Part 2 – Change of director’s interests in contracts

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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 -
Nature of interest -
Name of registered holder -
(if issued securities)
Date of change -
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
Interest acquired -
Interest disposed -
Value/Consideration -
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change -
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Part 3 – ~~[+]~~ Closed period

Were the interests in the securities or contracts detailed No. above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade - to proceed during this period? If prior written clearance was provided, on what date was this - provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

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 Askari Metals Limited ABN 39 646 034 460

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 Rob Downey Date of last notice 27 February 2024

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.	Stella Downey (spouse)
Date of change	31 October 2024
No. of securities held prior to change	1,027,500 Fully Paid Ordinary Shares 1,172,500 Performance Rights 382,500 Listed Options (AS2O)
Class	Listed Options (AS2O)
Number acquired	-
Number disposed	382,500
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change 1,027,500 Fully Paid Ordinary Shares 1,172,500 Performance Rights Nature of change Expiry of Options. Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Part 2 – Change of director’s interests in contracts

Part 2 – Change of director’s interests in contracts	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 thispart.
Detail of contract	-
Nature of interest	-
Name of registered holder (if issued securities)	-
Date of change	-
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	-
Interest acquired	-
Interest disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	-
Interest after change	-

Part 3 – ~~[+]~~ Closed period

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?	No.
If so, was prior written clearance provided to allow the trade to proceed during this period?	-
If prior written clearance was provided, on what date was this provided?	-

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011