ASKARI METALS LIMITED — Director's Dealing 2024

Feb 13, 2024

ASX: AS2

Askari Metals Limited ( ASX: AS2 ) (“ Askari Metals ” or “ Company ”) refers to the lodgement of the Appendix 3Z – Final Directors Interest Notice in relation to Mr Chris Evans and the Appendix 3X – Initial Directors Interest Notice in relation to Mr Joseph Clarry, together referred to as the Notices .

The Company notes that there has been a delay in lodging the Notices which was due to an internal administrative oversight as well as delays caused by extensive overseas travel.

The Company has an internal Corporate Governance policy in place which mandates the disclosure of its directors. Effective channels of communication have been implemented with all relevant correspondence directed to the Company Secretary. Unfortunately, due to extensive overseas travel, an internal administrative oversight arose which delayed the disclosure of the Notices until recently.

The Corporate Governance policy related to directors’ disclosure was recently updated and circulated to all directors. The Company considers that the procedure and arrangements are adequate and comply with the ASX listing rules.

The Company has reviewed its processes and will ensure that disclosures are released to ASX in accordance with the requirements of the ASX listing rules in the future. The Company is satisfied that its procedures are adequate to ensure compliance with the ASX listing rules.

This announcement is authorised for release by the executive board.

- ENDS -

FOR FURTHER INFORMATION PLEASE CONTACT

INVESTORS

MEDIA

Gino D’Anna

MANAGING DIRECTOR

M. +61 400 408 878

E. gino@askarimetals.com

Emily Evans SENIOR MEDIA ADVISOR

M. +61 401 337 959

E. emily@hellospoke.com.au

ACN 646 034 460 I askarimetals.com

ASX: AS2

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ASX RELEASE
14 February 2024
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ABOUT ASKARI METALS

Askari Metals was incorporated for the primary purpose of acquiring, exploring and developing a portfolio of high-grade battery (Li + Cu) and precious (Au + Ag) metal projects across Namibia, Western Australia, Northern Territory and New South Wales. The Company has assembled an attractive portfolio of lithium, copper, gold and copper-gold exploration/mineral resource development projects in Western Australia, Northern Territory, New South Wales and Namibia.

For more information please visit: www.askarimetals.com

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This document contains forward-looking statements concerning Askari Metals Limited. Forward-looking statements are not statements of historical fact and actual events and results may differ materially from those described in the forward-looking statements as a result of a variety of risks, uncertainties and other factors. Forward-looking statements are inherently subject to business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking information provided by the Company, or on behalf of, the Company. Such factors include, among other things, risks relating to additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks, regulatory restrictions, including environmental regulation and liability and potential title disputes.

Forward looking statements in this document are based on the Company's beliefs, opinions and estimates of Askari Metals Limited as of the dates the forward-looking statements are made, and no obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future developments.

ASX: AS2

ACN 646 034 460 I askarimetals.com

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 – Askari Metals Limited

ABN – 39 646 034 460

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	Joseph Clarry
Date of appointment	29 January 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

N/A

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

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 of interest Note: Provide details of the circumstances giving rise to the relevant interest.	Number & class of Securities

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	Directors Letter of Appointment
Nature of interest	Standard commercial and arms-length
Name of registered holder (if issued securities)
No. and class of securities to which interest relates	Issue of Performance Rights which remain subject to shareholder approval (TBC)

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002

Appendix 3Z Final Director’s Interest Notice

Rule 3.19A.3

Appendix 3Z

Final 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 – Askari Metals Limited

ABN – 39 646 034 460

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	Chris Evans
Date of last notice	26 October 2022
Date that director ceased to be director	29 January 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

240,000 Fully Paid Ordinary Shares (ASX. AS2)

• See chapter 19 for defined terms.

Appendix 3Z Page 1

11/3/2002

Appendix 3Z Final Director’s Interest Notice

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

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.

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 of interest Note: Provide details of the circumstances giving rise to the relevant interest	Number & class of securities

Part 3 – Director’s interests in contracts

Detail of contract	N/A
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 3Z Page 2

11/3/2002