GROUP 6 METALS LIMITED — Director's Dealing 2013

Jul 16, 2013

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 Christopher ELLIS Date of last notice 31[st] May 2013

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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	A related entity, Chrysalis InvestmentsPty Ltd
Date of change	11thJuly 2013 and 16thJuly 2013
No. of securities held prior to change	5,489,905
Class	Ordinary fully paid shares
Number acquired	Date	Number
	11th July2013	2,195,963
	16th July2013	9,994,662
	Total	12,190,625
Number disposed	Nil
Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation	$0.051 per share
No. of securities held after change	17,680,530

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change		Number
Example: on‐market trade, off‐market trade, exercise of
options, issue of securities under dividend reinvestmentplan, participation in buy‐back	Acceptances of non‐renounceable rights issue	2,195,963
	announced on 29thMay2013.
	Underwriting of non‐	9,994,662
	renounceable rights issue
	announced on 29thMay2013.
	Total	12,190,625

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 non‐renounceable rights
	issue announced on 29thMay 2013, an
	underwriting agreement underwriting $837,962
	of the Offer.
	Offer price is $0.051 per share.
	Chrysalis Investments Pty Ltd will receive an
	underwritingfee totalling $26,172.
Name of registered holder	Chrysalis Investments Pty Ltd ABN 74 640 925
(if issued securities)	989 as trustee for the Ellis FamilyTrust
Date of change	16thJuly 2013
No. and class of securities to which	Commitment to underwrite 16,430,619 ordinary
interest related prior to change	fully paid shares at $0.051 per share.
Note: Details are only required for a contract in relation
to which the interest has changed
Interest acquired	Nil
Interest disposed	Commitment to underwrite 16,430,619 ordinary
	fully paid shares at $0.051per share.
Value/Consideration	Not applicable
Note: If consideration is non‐cash, provide details and an
estimated valuation
**Interest after change **	Nil

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearance wasrequired?	No
If so, was prior written clearance provided to allow the trade toproceed during this period?	Not applicable
If prior written clearance was provided, on what date was thisprovided?	Not applicable

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011