DELTA LITHIUM LIMITED — Director's Dealing 2022

Jun 20, 2022

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 30/9/2001.

Name of entity	Red Dirt Metals Limited
ABN	67 107 244 039

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of DirectorDate of appointment	Jiahe (Gower) He
	20 June 2022

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

N/A

• See chapter 19 for defined terms.

Appendix 3X Page 1

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Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature ofinterestNote: Provide details of the circumstances giving riseto the relevant interest.	Number & class of SecuritiesN/A

Part 3 – 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	Executive Director of Corporate Development
Nature of interest	1,500,000 Incentive Performance Rights which areproposed to be issued by RDT to Mr He subject toshareholder approval at the company’s generalmeetingto be held on 7 July2022.
Name of registered holder(if issued securities)	N/A

• See chapter 19 for defined terms.

Appendix 3X Page 2

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Appendix 3X Initial Director’s Interest Notice

No. and class of securities to whichinterest relates

Subject to shareholder approval at thecompany’s general meeting to be held on7 July 2022:(a) 250,000 Performance Rights that convertinto shares upon Mr He completing 12months continuous employment with theCompany;(b) 250,000 Performance Rights that convertinto Shares upon the Company obtaininga volume weighted average price of morethan $1.00 per Share for a period of 20consecutive trading days or more; and(c) 1,000,000PerformanceRightsthatconvert into Shares upon;(i)The execution by the Company ofa binding agreement between theCompany and a third partywherebythethirdpartyundertakestopurchaseaminimum of 10% of the annualproduction of the Mt Ida Projectover the first three years ofoperations as disclosed in afeasibility study to be undertakenby the Company; or(ii)The execution by the Company ofa binding agreement with a thirdparty(s)wherebythethirdparty(s) undertake to providefunding for the construction ofthe Mt Ida Project in accordancewith a feasibility study to beundertaken bythe Company.

• See chapter 19 for defined terms.

Appendix 3X Page 3

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