AUSTRALASIAN METALS LIMITED — Director's Dealing 2021

Dec 13, 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 AUSTRALASIAN METALS LIMITED ABN 54 625 744 907

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	Dr Qingtao Zeng
Date of last notice	11 October 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 relevant interest.	Director and potential beneficiary
Date of change	13 December 2021
No. of securities held prior to change	1. Geosmart Consulting Pty Ltd 3,150,000 ordinary shares 2. Woodsouth Asset Management Pty Ltd 3,700,000 ordinary shares 2,000,000 unlisted options exercisable at $0.30 on or before 5 May 2023 3,000,000 performance rights
Class	2. Performance Rights
Number acquired	1,800,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil. Performance Rights issued pursuant to shareholder approval

• 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. Geosmart Consulting Pty Ltd 3,150,000 ordinary shares 2. Woodsouth Asset Management Pty Ltd 3,700,000 ordinary shares 2,000,000 unlisted options exercisable at $0.30 on or before 5 May 2023 4,800,000 performance rights Nature of change Issue of performance rights following Example: on-market trade, off-market trade, exercise of options, issue Shareholder approval of securities under dividend reinvestment plan, participation in buyback

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	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

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?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011