ECLIPSE METALS LIMITED. — Director's Dealing 2015

Dec 22, 2015

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 30/9/2001.

Name of entity	Eclipse Metals Limited
ACN	142 366 541

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	CarlPOPAL
Date of last notice	15 December 2014

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	Indirect interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise tothe relevant interest.	(a) Ghan Resources Pty LtdDirector and potential Shareholder(b) Popal Enterprises Pty LtdDirector and potential Shareholder
Date of change	22 December 2015
No. of securities held prior to change	(a) Ghan Resources Pty Ltd159,553,131 fully paid Ordinary Shares1,125,000 Unlisted Options exercisable at 6cents on or before 30 November2016(b) Popal Enterprises Pty Ltd7,705,425 fully paid Ordinary Shares6,987,925 Unlisted Options exercisable at 6cents on or before 30 November2016**The Option Holding of Ghan Resources Pty Ltd and PopalEnterprises Pty Ltd have been inadvertently omitted from thepreviously lodged Appendixes. These holdings are not new holdings,having previously been disclosed in the 2014 and 2015 AnnualReports.
Class	Ordinary Shares

Appendix 3Y Page 1

10/12/2014

Appendix 3Y Change of Director’s Interest Notice

Number acquired	(a) 90,776,565; and(b) 3,852,712
Number disposed	Not Applicable
	11,000,000 Shares
Value/ConsiderationNote: If consideration is non-cash, provide details and	Deemed issue price of $0.005 per Share being theclosing Share price as at 21 December 2015.
estimated valuation
	83,629,277 Shares
	$0.003 per Share per the terms of the Offer Document
	(a) Ghan Resources Pty Ltd
	250,329,696 fully paid Ordinary Shares
	1,125,000 Unlisted Options exercisable at 6
	cents on or before 30 November
	2016
No. of securities held after change
	(b) Popal Enterprises Pty Ltd
	11,558,137 fully paid Ordinary Shares
	6,987,925 Unlisted Options exercisable at 6
	cents on or before 30 November
	2016
	11,000,000 Shares
	Issue of fully paid Ordinary Shares to the Director in lieu
	of fees in accordance with Item 9 Section 611 of the
	Corporations Act 2001.
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment	This Share issue was approved by Shareholders at the2015 Annual General Meeting.
plan, participation in buy-back
	83,629,277 Shares
	Take up of Shares under the terms and conditions of
	the Non-Renounceable Rights Issue Offer Document
	dated 4 November 2015.

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.

in this part.
Detail of contract	Not Applicable
Nature of interest	Not Applicable
Name of registered holder	Not Applicable
(if issued securities)
Date of change	Not Applicable
No. and class of securities to which	Not Applicable
interest related prior to change
Note: Details are only required for a contract in relation to which
the interest has changed
Interest acquired	Not Applicable

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Interest disposed	Not Applicable
Value/ConsiderationNote: If consideration is non-cash, provide details and an estimatedvaluation	Not Applicable
Interest after change	Not Applicable

Part 3 – Trading Windows

Part 3 – Trading Windows
Were the interests in the securities orcontracts detailed above traded during atradingwindowwherepriorwrittenclearance was required	Not Applicable
If so, was prior written clearance providedto allow the trade to proceed during thisperiod	Not Applicable
If prior written clearance was provided, onwhat date was this provided	Not Applicable

Appendix 3Y Page 3

10/12/2014