GROUP 6 METALS LIMITED — Capital/Financing Update 2018

Jul 29, 2018

Renounceable Rights Offer Closes

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ASX: KIS

Market Capitalisation $9.8 million Shares on Issue 217.3 million 52 Week High 7.0 cents 52 Week Low 2.5 cents Share Price 5.0 cents

Board of Directors Johann Jacobs Chairman Allan Davies Director Chris Ellis Director

Tungsten APT USD 335/mtu (27 July 2018)

King Island Scheelite Limited ( KIS ) is pleased to advise that its renounceable Rights Issue Offer (announced on Tuesday 19 June 2018) closed on Wednesday 25 July 2018. The following notice is given in accordance with Appendix 7A of the Listing Rules.

Applications totalled $1,198,775, approximately 80.2% of the total Offer to Eligible Shareholders. The balance of $295,103,

approximately 19.8% of the total Offer to Eligible Shareholders, is wholly allocated to sub-underwriters pursuant to the underwriting arrangements for the Offer.

KIS Chairman Mr Johann Jacobs said “ KIS received strong support from Shareholders and sub-underwriters for the Company’s activities during the next 12 months ”.

King Island Scheelite Limited (KIS)

through its 100% Dolphin Project on King Island, Tasmania is one of the world’s richest tungsten deposits.

King Island Scheelite Limited

Funds received after underwriting totalling $1,493,878 will be applied as described in the Rights Offer Prospectus and will primarily fund the ongoing feasibility into the redevelopment of the Company’s Dolphin Project. Funds will also be applied for ongoing working capital and the costs of the Offer.

ABN 40 004 681 734

Level 26, 259 George Street Sydney NSW 2000 GPO Box 5154 Sydney NSW 2001 P. +61 2 8622 1402

www.kingislandscheelite.com.au

The issue of shares and attaching options pursuant to the Rights Issue is anticipated to be completed on 1 August 2018.

Ian Morgan Company Secretary 30 July 2018