DESERT METALS LIMITED — Director's Dealing 2020

Dec 17, 2020

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 Desert Metals Limited ABN 8461 7947 172

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 Director	Robert Angus Castle Stuart
Date of appointment	29 March 2017

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

5,160,000 fully paid ordinary shares

1,500,000 options exercisable at $0.30 on or before 30 October 2023

• See chapter 19 for defined terms.

11/3/2002

Appendix 3X Page 1

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.Fathom Geophysics Australia PtyLtd	Name of holder & nature ofinterestNote: Provide details of the circumstances giving riseto the relevant interest.Fathom Geophysics Australia PtyLtd	Number & class of Securities5,200,000 fully paid ordinary shares	Number & class of Securities5,200,000 fully paid ordinary shares	Number & class of Securities5,200,000 fully paid ordinary shares	Number & class of Securities5,200,000 fully paid ordinary shares
Mr Robertabovenam	Stuart is a Director of theed entity	2,400,000	options exercisable at $0.30 on orbefore 30 October 2023

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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
No. and class of securities to whichinterest relates	N/A

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002