GATEWAY MINING LIMITED — Director's Dealing 2022

Nov 27, 2022

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 30/09/01 Amended 01/01/11

Name of entity GATEWAY MINING LIMITED ABN 31 008 402 391

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	Mark Cossom
Date of last notice	15 November 2022

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 to the relevant interest.	Mark William Cossom and Kelly Jean Cossom ATF The Cossom Family Trust
Date of change	28 November 2022

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	(a) 814,951 Ordinary Shares (b) 147,059 unquoted options with exercise price $0.30 and expiring 15 December 2024. (c) 400,000 unquoted options which will vest on 12 November 2022, with an exercise price of $0.38 per option and expiring on 12 May 2024. (d) 400,000 unquoted options which will vest on 12 May 2022, with an exercise price of $0.48 per option and expiring on 12 May 2024. (e) 400,000 unquoted options which will vest on 12 November 2022, with an exercise price of $0.58 per option and expiring on 12 May 2024.
Class	Performance Rights
Number acquired	(a) 700,000 unquoted performance rights vest upon the Company reporting to the market a JORC compliant resource of 1 million ounces of gold and expiring 28 May 2024 (GML PR1). (b) 700,000 unquoted performance rights vest upon the Company completing and announcing a scoping study which demonstrates positive economics and expiring 28 November 2024 (GML PR2). (c) 700,000 unquoted performance rights vest upon the Company’s shares achieving a 10 day volume weighted average price of equal to or greater than $0.25 and expiring 28 November 2024 (GML PR3). (d) 700,000 unquoted performance rights vest upon the Company reporting to the market a JORC compliant resource of 1.5 million ounces of gold and expiring 28 November 2025 (GML PR4).
Number disposed	Nil.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Performance Rights were issued for nil consideration as part of Company’s employee Incentive scheme per shareholder approval at AGM dated 23 November 2022. Estimated valuation of $151,091.00 (see Notice of Meeting released 13 October 2022 for further details).
No. of securities held after change	(a) 814,951 Ordinary Shares (b) 147,059 unquoted options with exercise price $0.30 and expiring 15 December 2024. (c) 400,000 unquoted options which will vest on 12 November 2022, with an exercise price of $0.38 per option and expiring on 12 May 2024. (d) 400,000 unquoted options which will vest on 12 May 2022, with an exercise price of $0.48 per option and expiring on 12 May 2024. (e) 400,000 unquoted options which will vest on 12 November 2022, with an exercise price of $0.58 per option and expiring on 12 May 2024. (f) 700,000 unquoted performance rights vest upon the Company reporting to the market a JORC compliant resource of 1 million ounces of gold and expiring 28 May 2024 (GML PR1). (g) 700,000 unquoted performance rights vest upon the Company completing and announcing a scoping study which demonstrates positive economics and expiring 28 November 2024 (GML PR2). (h) 700,000 unquoted performance rights vest upon the Company’s shares achieving a 10 day volume weighted average price of equal to or greater than $0.25 and expiring 28 November 2024 (GML PR3). (i) 700,000 unquoted performance rights vest upon the Company reporting to the market a JORC compliant resource of 1.5 million ounces of gold and expiring 28 November 2025 (GML PR4).
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Performance Rights issued under Employee Incentive Scheme and were issued following shareholder approval at annual general meeting of shareholders dated 23 November 2022.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

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