GROUP 6 METALS LIMITED — Director's Dealing 2012

Sep 9, 2012

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 King Island Scheelite Limited

ABN 40 004 681 734

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	Andrew Plummer
Date of last notice	3rdAugust 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	Direct and Indirect Interests	Direct and Indirect Interests
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Registered holders of indirect interests are:  Ranamok Pty Ltd as trustee for the Ranamok Family Trust; and  Vesade Pty Limited a company controlled by Mr Plummer.
Date of change	6thSeptember 2012
No. of securities held prior to change	3,802,299
Class	Fully paid ordinary shares
Number acquired	1,368,291
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.072 each share
No. of securities held after change	5,170,590
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Number
	Participated in rights offer	633,719
	Accepted rights short fall	734,572
	Total	1,368,291

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

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	Underwriting Agreement
Nature of interest	In accordance with the renounceable rights issue announced on 2ndAugust 2012, an underwriting agreement underwriting $152,666.71 of the Offer. Offer price is $0.072 per share. Ranamok Pty Ltd will receive an underwriting fee equal to 4.0% of the underwritten amount.
Name of registered holder (if issued securities)	Ranamok Pty Ltd as trustee for the Ranamok Family Trust.
Date of change	6thSeptember 2012
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	Commitment to underwrite 2,120,371 ordinary fully paid shares at $0.072 per share.
Interest acquired	Accepted rights short fall for 734,572 shares at $0.072 per share.
Interest disposed	Commitment to underwrite 2,120,371 ordinary fully paid shares at $0.072 per share.
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	$6,106.67 underwriting fee (4.0% of the underwritten amount).
Interest after change	Nil

Part 3 –[+] Closed period

Part 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?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011