FALCON METALS LTD — Major Shareholding Notification 2021

Dec 21, 2021

603 page 1/3

Form 603

Corporations Act 2001 Section 6718

Notice of initial substantial holder

To Company name/Scheme Falcon Metals Ltd A.C.N. or A.R.S.N. ACN 651 893 097 1 Details ofsubstantial holder (1) Name Timothv R B Govder ACN/ARSN (if applicable) The holder became a subslantial holder on 15/12/2021

Details of voting power

2. The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

I Number of securities I Person's votes 15) I Volino oower (6) I 14,052,233 I 14,052,233 l 1.94%

Class of securities 14)

Fullv Paid Ordinarv Shares

3. Details of relevant interests The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest Nature of relevant interest (7) Class and number of securities Timothy R B Goyder Relevant interest under section 608(1 )(a) of the 13,515,906 Fully Paid Ordinary Shares Corporations Act 2001 (Cth} Timothy R B Goyder Relevant interest under section 608(1}(b) and (c) of 536,327 Fully Paid Ordinary Shares the Corporations Act 2001 (Cth)

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest Timothy R B Goyder Timothy R B Goyder Timothy R B Goyder Timothy R B Goyder Timothy R B Goyder Timothy R B Goyder Timothy R B Goyder	Registered holder of securities Timothy R B Goyder Plato Prospecting Ply Ltd as trustee for TRB Goyder Super Fund Lotaka Ply Ltd Equity Trustees Superannuation Limited Equity Trustees Superannuation Limited Linda R Goyder LRG Super Ply Ltd Superannuation Fund A/C>	Person entitled to be Class and number registered as holder (8) of securities Timothy R B Goyder 13,515,906 Fully Paid Ordinary Shares Plato Prospecting Ply Ltd as trustee122,242 Fully Paid Ordinary Shares for TRB Goyder Super Fund Lotaka Ply Ltd 103,799 Fully Paid Ordinary Shares Equity Trustees Superannuation 183,804 Fully Paid Ordinary Shares Limited Equity Trustees Superannuation 67,732 Fully Paid Ordinary Shares Limited Linda R Goyder 46,750 Fully Paid Ordinary Shares LRG Super Ply Ltd 12,000 Fully Paid Ordinary Shares\ Superannuation Fund A/C>

5. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest Timothy R B Goyder Timothy R B Goyder	Date of acquisition 15/12/2021 15/12/2021 Cash Consideration (9) Non-cash Nil -in-specie distribution $589,768.50	Class and number of securities 12,872,696 Fully Paid Ordinary Shares 1,179,537 Fully Paid Ordinary Shares

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6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN {if applicable) Plato Prospecting Ply Ltd as trustee for TRB Goyder Super Fund Lotaka Ply Ltd Equity Trustees Superannuation Limited Goyder**_Ne> Equity Trustees Superannuation Limited Goyder Pens**_Ne>_ Linda R Goyder LRG Super Ply Ltd **

Nature of association Timothy Goyder has a relevant interest in these shares as he is the sole director and shareholder of Plato Prospecting Ply Ltd and a member of the TRB Goyder Super Fund Timothy Goyder has a relevant interest in these shares as he is the sole director and shareholder of Lotaka Ply Ltd LRG Super Ply Ltd Equity Trustees Superannuation Limited Linda Goyder is the spouse ofTim Goyder and a beneficiary of Equity Trustees Superannuation Limited _ Linda R Goyder is the spouse ofTim Goyder Linda Goyder is the spouse of Tim Goyder and a beneficiary of LRG Super Ply Ltd Superannuation Fund**_NC>**

7. Addresses

The addresses of persons named in this form are as follows:

Name Timothy R B Goyder Plato Prospecting Ply Ltd as trust Super Fund Lotaka Ply Ltd Equity Trustees Superannuation L GoyderNe> Equity Trustees Superannuation L Goyder PensNe> Linda R Goyder LRG Super Ply Ltd <LRG Supera	ee for TRB Goyder imited <Linda imited nnuation Fund**_NC>_**	Address PO Box 1116, West Perth, WA 6872 PO Box 1116, West Perth, WA 6872 PO Box 1116, West Perth, WA 6872 PO Box 3528, Tingalpa DC QLD 4173 PO Box 3528, Tingalpa DC QLD 4173 GPO Box D150, Perth WA 6840 GPO Box D150, Perth WA 6840

Signature

re
print name sign here	ea aci
	date 20 December 2021

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DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

(2)	See the definition of "associate" in section 9 of the Corporations Act 2001.
(3)	See the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001.
(4)	The voting shares of a company constitute one class unless divided into separate classes.
(5)	The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person
	or an associate has a relevant interest in.
(6)	The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
(7)	Include details of:
	(a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671 B( 4) applies, a
	copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a writen statement certifing this
	contract, scheme or arrangement; and
	(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or
	disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the
	qualification applies).
	See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(8)	If the substantial holder is unable to determine the identity of the person ( eg. if the relevant interest arises because of an option)
	write "unknown".
(9)	Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the beneft is
	conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder
	or its associate in relation to the acquisitions,_even_if they are not paid directly to the person from whom the relevant interest was
	acquired.