GROUP 6 METALS LIMITED — Director's Dealing 2015

May 31, 2015

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	Allan DAVIES
Date of last notice	15 August 2014

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	or indirect interest	or indirect interest	or indirect interest	Indirect
Nature of indirect interest					Invia Custodian Pty Ltd as custodian for AJ & LM Davies Family
(including			registered		Trust
holder)
Note:	Provide	detailsof		the
circumstances giving		rise	to the relevant
interest.
Date of change					25 May 2015
No. of	securities		held prior					Number
to change
					Ordinary fully	paid shares		3,248,288
					Unquoted options
					Exercise
					Price per
					share	Vesting Date	Expiry Date
					15 cents	1stJanuary 2014	31stDecember 2018	1,000,000
					22 cents	1stJanuary 2015	31stDecember 2019	1,500,000
					28 cents	1stJanuary 2016	31stDecember 2020	2,000,000
								4,500,000
Class					Ordinary fully	paid shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired	295,299
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash,provide details and estimated valuation	13.5 cents cash each Share
No. of securities held afterchange	Ordinary fully paid sharesUnquoted optionsExercisePrice pershareVesting DateExpiry Date15 cents1stJanuary 201431stDecember 201822 cents1stJanuary 201531stDecember 201928 cents1stJanuary 201631stDecember 2020Total	Number3,543,587
		1,000,0001,500,0002,000,000
		4,500,000

Nature of change Acceptances of non-renounceable Example: on-market trade, off-market trade, exercise of options, issue of securities rights offer announced 20 April 2015 under dividend reinvestment plan, participation in buy-back

Nature of change

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	None
Nature of interest	Not applicable
Name of registered holder (if issued securities)	Not applicable
Date of change	Not applicable
No. and class of securities to which interest relatedprior to changeNote: Details are only required for a contract in relation to which the interest haschanged	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/ConsiderationNote: If consideration is non-cash, provide details and an estimated valuation	Not applicable
Interest after change	Not applicable

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded No during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to Not applicable proceed during this period? If prior written clearance was provided, on what date was this Not applicable provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011