AUSTIN METALS LIMITED — Director's Dealing 2021

Jul 25, 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 Silver City Minerals Limited ABN 68 130 933 309

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	Leo Horn
Date of last notice	1 October 2020

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.		Mr Leo Samson Horn (ATF) Emerald Holdings Trust
Date of change		1) 23 July 2021 2) 26 July2021
No. of securities held prior to change		Nil
Class		Fully Paid Ordinary Shares Class A unquoted incentive options Class B unquoted incentive options Class A unquoted performance rights Class B unquoted performance rights
Number acquired		Indirect - 1,666,667 Fully Paid Ordinary Shares (23/7/21) - 1,500,000 Class A unquoted incentive options (26/7/21) - 1,500,000 Class B unquoted incentive options (26/7/21) - 1,500,000 Class A unquoted performance rights (26/7/21) - 1,500,000 Class B unquoted performance rights (26/7/21)

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed		Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		$0.015 per Fully Paid Ordinary Share to raise $25,000 Issued pursuant to shareholder approval at the General Meeting held on 5 July 2021.
No. of securities held after change		Indirect - 1,666,667 Fully Paid Ordinary Shares - 1,500,000 Class A unquoted incentive options excisable at $0.05 on or before 30 June 2023 (Conditions – Refer Annexure A) - 1,500,000 Class B unquoted incentive options excisable at $0.10 on or before 30 June 2024 (Conditions – Refer Annexure A) - 1,500,000 Class A unquoted performance rights (Conditions – Refer Annexure A) - 1,500,000 Class B unquoted performance rights (Conditions – Refer Annexure A)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		$0.015 per Fully Paid Ordinary Share to raise $25,000 Issued pursuant to shareholder approval at the General Meeting held on 5 July 2021.

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 Interest acquired Interest disposed

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

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, issued pursuant to shareholder approval on 5 July 2021.
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

Annexure A – Conditions

Class	Performance Rights Milestones	Expiry Date
Class A	the Company achieving a Share price above $0.05 at a volume weighted average price (VWAP) of the Company’s Shares over 20 consecutive trading days, within 24 months from the date of issue, as verified by market information (Class A Milestone).	30 June 2024
Class B	the Company achieving a Share price above $0.10 at a volume weighted average price (VWAP) of the Company’s Shares over 20 consecutive trading days, within 24 months from the date of issue, as verified by market information (Class B Milestone).	30 June 2024
Class	Incentive Options Vesting Conditions	Expiry Date
Class A	The Class A Options will vest on the date that is 12 months from the date the holder was appointed as an officer of the Company.	30 June 2023
Class B	The Class B Options will vest on the date that is 24 months from the date the holder was appointed as an officer of the Company.	30 June 2024

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3

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 Silver City Minerals Limited ABN 68 130 933 309

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	Sonu Cheema
Date of last notice	29 May 2020

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		Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		-
Date of change		1) 23 July 2021 2) 26 July2021
No. of securities held prior to change		Nil
Class		Fully Paid Ordinary Shares Class A unquoted incentive options Class B unquoted incentive options Class A unquoted performance rights Class B unquoted performance rights
Number acquired		Direct - 1,666,666 Fully Paid Ordinary Shares (23/7/21) - 500,000 Class A unquoted incentive options (26/7/21) - 500,000 Class B unquoted incentive options (26/7/21) - 500,000 Class A unquoted performance rights (26/7/21) - 500,000 Class B unquoted performance rights (26/7/21)

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed		Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		$0.015 per Fully Paid Ordinary Share to raise $25,000 Issued pursuant to shareholder approval at the General Meeting held on 5 July 2021.
No. of securities held after change		Direct - 1,666,666 Fully Paid Ordinary Shares - 500,000 Class A unquoted incentive options excisable at $0.05 on or before 30 June 2023 (Conditions – Refer Annexure A) - 500,000 Class B unquoted incentive options excisable at $0.10 on or before 30 June 2024 (Conditions – Refer Annexure A) - 500,000 Class A unquoted performance rights (Conditions – Refer Annexure A) - 500,000 Class B unquoted performance rights (Conditions – Refer Annexure A)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		$0.015 per Fully Paid Ordinary Share to raise $25,000 Issued pursuant to shareholder approval at the General Meeting held on 5 July 2021.

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 Interest acquired Interest disposed

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

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, issued pursuant to shareholder approval on 5 July 2021.
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

Annexure A – Conditions

Class	Performance Rights Milestones	Expiry Date
Class A	the Company achieving a Share price above $0.05 at a volume weighted average price (VWAP) of the Company’s Shares over 20 consecutive trading days, within 24 months from the date of issue, as verified by market information (Class A Milestone).	30 June 2024
Class B	the Company achieving a Share price above $0.10 at a volume weighted average price (VWAP) of the Company’s Shares over 20 consecutive trading days, within 24 months from the date of issue, as verified by market information (Class B Milestone).	30 June 2024
Class	Incentive Options Vesting Conditions	Expiry Date
Class A	The Class A Options will vest on the date that is 12 months from the date the holder was appointed as an officer of the Company.	30 June 2023
Class B	The Class B Options will vest on the date that is 24 months from the date the holder was appointed as an officer of the Company.	30 June 2024

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3

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 Silver City Minerals Limited ABN 68 130 933 309

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	Thomas Pickett
Date of last notice	28 February 2019

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		Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		-
Date of change		26 July 2021
No. of securities held prior to change		Nil
Class		Class A unquoted incentive options Class B unquoted incentive options Class A unquoted performance rights Class B unquoted performance rights
Number acquired		Direct - 500,000 Class A unquoted incentive options - 500,000 Class B unquoted incentive options - 500,000 Class A unquoted performance rights - 500,000 Class B unquoted performance rights

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed		Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		Issued pursuant to shareholder approval at the General Meeting held on 5 July 2021.
No. of securities held after change		Direct - 500,000 Class A unquoted incentive options excisable at $0.05 on or before 30 June 2023 (Conditions – Refer Annexure A) - 500,000 Class B unquoted incentive options excisable at $0.10 on or before 30 June 2024 (Conditions – Refer Annexure A) - 500,000 Class A unquoted performance rights (Conditions – Refer Annexure A) - 500,000 Class B unquoted performance rights (Conditions – Refer Annexure A)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Issued pursuant to shareholder approval at the General Meeting held on 5 July 2021.

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 Interest acquired Interest disposed

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

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, issued pursuant to shareholder approval on 5 July 2021.
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

Annexure A – Conditions

Class	Performance Rights Milestones	Expiry Date
Class A	the Company achieving a Share price above $0.05 at a volume weighted average price (VWAP) of the Company’s Shares over 20 consecutive trading days, within 24 months from the date of issue, as verified by market information (Class A Milestone).	30 June 2024
Class B	the Company achieving a Share price above $0.10 at a volume weighted average price (VWAP) of the Company’s Shares over 20 consecutive trading days, within 24 months from the date of issue, as verified by market information (Class B Milestone).	30 June 2024
Class	Incentive Options Vesting Conditions	Expiry Date
Class A	The Class A Options will vest on the date that is 12 months from the date the holder was appointed as an officer of the Company.	30 June 2023
Class B	The Class B Options will vest on the date that is 24 months from the date the holder was appointed as an officer of the Company.	30 June 2024

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3