AURAVELLE METALS LIMITED — Director's Dealing 2021

Nov 30, 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 5 July 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	1.Mixel Pty Ltd
(including registered holder)Note: Provide details of the circumstances giving rise to the relevant
interest.
	2.Elmix Pty Ltd <Western Darvall
	Family A/C>
Date of change	29 November 2021
No. of securities held prior to change	Indirect:
Mixel Pty Ltd	896,466 fully paid ordinary shares
	2,000,000 unlisted employee options,
ElmixPty Ltd	expiry 31/1/2023, exercise price $0.15.
	459,167 unlisted employee options, expiry
	18/11/23, exercise price $0.102.
Class	1. Fully paid ordinary shares
	2. Managing Director options

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired	1. 169,491 shares2. 8,000,000 Options
Number disposed	N/a
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	1. $0.059 per share2. Nil
No. of securities held after 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)
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	1. Placement following shareholderapproval at the 2021 AGM2. Issueofincentiveoptionsfollowing shareholder approval atthe 2021 AGM

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