COBRE LIMITED — Director's Dealing 2025

Aug 5, 2025

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 Cobre Limited ABN 75 626 241 067

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	David (Michael) McNeilly
Date of last notice	2 April 2025

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	N/A
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	6 August 2025
No. of securities held prior to change	David Michael McNeilly:
	1,826,923 Shares;
	721,154 options exercisable at $0.078
	expiring 13 August 2027;
	1,000,000 options exercisable at $0.335
	each expiring 6 April 2026;
	500,000 options exercisable at $0.066
	each expiring 21 November 2028; and
	192,308 options exercisable at $0.098
	eachexpiring2October 2026.
Class	Optionsexercisableat	$0.066	each
	expiring 21 November 2028.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired		608,974
Number disposed		Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		$0.008 per Option
No. of securities held after change		David Michael McNeilly:1,826,923 Shares;721,154 options exercisable at $0.078expiring 13 August 2027;1,000,000 options exercisable at $0.335each expiring 6 April 2026;1,108, 974 options exercisable at $0.066each expiring 21 November 2028; and192,308 options exercisable at $0.098each expiring 2 October 2026.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back		Participation in Loyalty Options Offerannounced 13 June 2025.

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
Name of registered holder(if issued securities)
Date of change
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed
Interest acquired

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Interest disposed 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 detailedabove traded during a+closed period where prior writtenclearance was required?	N/A
If so, was prior written clearance provided to allow thetrade to proceed during this period?
If prior written clearance was provided, on what date wasthis provided?

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3