DYNAMIC METALS LIMITED — Board/Management Information 2024

Oct 24, 2024

ASX ANNOUNCEMENT 25 OCTOBER 2024

NOTIFICATION OF DIRECTOR NOMINATION

Dynamic Metals Limited ( ASX:DYM ) (“ Dynamic ” or “ the Company ”), announces that it has received a nomination for election to the Board of the Company, pursuant to ASX Listing Rule 3.13.1 and the Company’s Constitution by Dr David De Tata, the current Managing Director of Strategic Energy Resources (ASX:SER).

The Board has not yet issued a formal response or recommendation on Dr De Tata’s nomination. The period for Board nominations ended at 5pm (Perth time) on Tuesday 22 October 2024, with Dr De Tata being the only nominee.

The Company intends to release an addendum to the Notice of AGM issued to shareholders today, 25 October 2024 (“ Notice of AGM ”) incorporating a voting recommendation from the DYM Board on Dr De Tata’s Director nomination. The Company will issue the addendum to the Notice of AGM together with a revised Proxy Form to all shareholders as soon as practical.

Released with the authority of Dynamic Metals’ Board of Directors.

For further information on the Company and our projects, please visit: www.dynamicmetals.com.au

CONTACT

Karen Wellman Fiona Marshall Managing Director White Noise Communications karen@dynamicmetals.com.au fiona@whitenoisecomms.com +61 8 6558 0637 +61 400 512 109

T 61 8 6558 0637 . E enquiry@dynamicmetals.com.au

ABOUT DYNAMIC METALS

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Dynamic Metals (ASX: DYM) is a dedicated exploration company focused on advancing an underexplored portfolio of minerals critical to decarbonisation and the growing battery metals market.

Dynamic’s flagship project, Widgiemooltha, covers an extensive area of ~800km[2] extending between Norseman and Kambalda. The Widgiemooltha region is highly prospective for nickel and gold and more recently emerged in significance for its lithium mineralisation and prospectivity. In July 2024, Dynamic completed a binding joint venture and farm-in agreement with Mineral Resources Limited (ASX: MIN) (MinRes), whereby Dynamic sold 40% of its lithium rights on the Widgiemooltha Project for $5m. MinRes can increase its interest to 65% by spending $15m and then to 80% by sole funding to a Decision to Mine.

In addition to Widgiemooltha, Dynamic holds an extensive portfolio of exploration tenure in Western Australia, including several joint venture positions in Western Australia where other parties are funding ongoing exploration to earn an interest in the project. These projects are prospective for gold, nickel, lithium, iron ore and diamonds.

DYNAMIC METALS CAPITAL STRUCTURE

Share Price: $0.20/share

Cash 30/9/2024 : 5.32M Shares on Issue: 49M Market Cap : $9.8M

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Portfolio of Exposure to global Substantial Team has On-ground Attractive future-facing decarbonisation exploration extensive activities valuation and critical minerals and battery targets generated experience and complete and leverage to projects in metals thematic across Li, Ni, Cu, successful track drilling exploration Australia PGE and Au record commenced success

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