AURAVELLE METALS LIMITED — Director's Dealing 2021

Dec 28, 2021

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	Sipa Resources Limited
ABN	26 009 448 980

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	Pip Darvall
Date of last notice	1 December 2021

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 relevantinterest.	Mixel Pty Ltd
Date of change	22 December 2021
No. of securities held prior to changeMixel Pty LtdElmixPty Ltd	Indirect:1,065,957 fully paid ordinary shares2,000,000 unlisted employee options,expiry 31/1/2023, exercise price $0.15.459,167 unlisted employee options, expiry18/11/23, exercise price $0.102.8,000,000 unlisted Managing Directoroptions with various exercise pricesexpiring 29 November 2025 ($0.093, $0.134,$0.174, $0.214)

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	Fully paid ordinary shares
Number acquired	200,000 shares
Number disposed	N/a
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$0.043 per share
No. of securities held after changeMixel Pty LtdElmixPty Ltd	Indirect:1,265,957 fully paid ordinary shares2,000,000 unlisted employee options,expiry 31/1/2023, exercise price $0.15.459,167 unlisted employee options, expiry18/11/23, exercise price $0.102.8,000,000 unlisted Managing Directoroptions with various exercise pricesexpiring 29 November 2025 ($0.093, $0.134,$0.174, $0.214)
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	On market purchase

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 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

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

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

art 3 –+Closed period
Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	No
If so, was prior written clearance provided to allow the trade toproceed during this period?
If prior written clearance was provided, on what date was thisprovided?

Appendix 3Y Page 3