EMETALS LIMITED — Director's Dealing 2014

Dec 9, 2014

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	West Peak Iron Limited
ABN	71 142 411 390

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Gary Lyons
Date of last notice	21 December 2012

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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving riseto the relevant interest.	MR GARY LYONS & MS TATJANA CUSMANO <LYONS SUPERFUND A/C>
Date of change	8 December 2014
No. of securities held prior tochange	85,714 Fully paid ordinary shares held in the name of the LyonsSuperannuation Fund
Class	Fully paid ordinary shares
Number acquired	3,578,400 Fully paid ordinary shares held in the name of theLyons Superannuation Fund pursuant to the Annual GeneralMeeting of Shareholders held on 28 November 2014
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	Issue of shares in lieu of Directors Fees

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change - 3,664,114 Fully paid ordinary shares held in the name of the Lyons Superannuation Fund Nature of change Securities issued pursuant to Resolution 5 of the Annual General

Example: on-market trade, off-market trade, Meeting of Shareholders held on 28 November 2014 exercise of options, issue of securities under dividend reinvestment plan, participation in buyback

• 3,664,114 Fully paid ordinary shares held in the name of the Lyons Superannuation Fund

Part 2 – Change of director’s interests in contracts – N/A

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
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities towhich interest related prior tochangeNote:Details are only required for acontract in relation to which theinterest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2