AUSTRALASIAN METALS LIMITED — Proxy Solicitation & Information Statement 2022

Oct 24, 2022

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25 October 2022

ANNUAL GENERAL MEETING - NOTICE AND PROXY FORM

Dear Shareholder,

The Annual General Meeting ( Meeting ) of shareholders of Australasian Metals Limited (ACN 625 744 907) ( Company ) will be held at the Gumala room, Ground Floor, 197 St Georges Terrace, Perth, Western Australia on Friday, 25 November 2022 at 10.00am (WST).

In accordance with section 110D of the Corporations Act 2001 (Cth) (as inserted by the Corporations Amendment (Meeting and Documents) Act 2022 (Cth)), the notice of meeting ( Notice ) is being made available to Shareholders by electronic means and the Company will not be dispatching physical copies of this Notice, unless a Shareholder has elected to receive documents in hard copy in accordance with the timeframe specified in section 110E(8) of the Corporations Amendment (Meetings and Documents) Act 2022 (Cth).

Instead, the Notice can be viewed and downloaded via:

• the Company’s website at https://australasiangold.com/asx-announcements/;

• via the Company’s ASX page at https://www2.asx.com.au/markets/company/a8g; and

• if you have nominated an email address and have elected to receive electronic communications from the Company, via the electronic link that is sent to your nominated email address.

The Company strongly encourages shareholders to lodge a directed proxy form prior to the meeting. Shareholders can lodge their vote by going to www.investorvote.com.au and logging in with the meeting ID, your unique shareholder identification number and postcode (or country for overseas residents), which you can find on your enclosed personalised proxy form. Shareholders are also encouraged to provide an email address in order to receive electronic communication from the Company in the future.

Your proxy form must be received by 10.00am (WST) on Wednesday, 23 November 2022, being not less than 48 hours before the commencement of the Meeting. Any proxy forms received after that time will not be valid for the Meeting.

Shareholders may submit questions in advance of the Meeting by email to the Company Secretary at dan.smith@minervacorporate.com.au by 5.00pm (WST) on Wednesday, 23 November 2022. Shareholders who attend the Meeting will also have the opportunity to submit questions during the Meeting.

The Notice is important and should be read in its entirety. If you are in doubt as to the course of action you should follow, you should consult your financial adviser, lawyer, accountant or other professional adviser.

If you have any difficulties obtaining a copy of the Notice, please contact the Company’s share registry, Computershare, on 1800 850 505 (within Australia) or +61 3 9415 4000 (overseas).

Yours sincerely

Dan Smith Company Secretary

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