GROUP 6 METALS LIMITED — Director's Dealing 2018

Aug 6, 2018

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	Johann JACOBS
Date of last notice	29 June 2018

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	Indirect	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest	A related entity FinMin Solutions Pty Ltd.
Date of change	1 August 2018
No. of securities held prior to change	Expiry Date	Exercise Price per Share		Number
	Unquoted Options
	31 December 2018	15 cents		1,000,000
	31 December 2019	22 cents		1,500,000
	31 December 2020	28 cents		2,000,000
	31 December 2022	6 cents		1,000,000
	31 December 2022	8 cents		1,000,000
	31 December 2022	10 cents		1,000,000
	Total			7,500,000
	Shares			2,487,871
Class	Ordinary fully paid shares and quoted options, each exercisable at 10 cents by 1 August 2021
Number acquired			Number
	Shares		1,401,893
	Options		700,948
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	5.5 cents per new share

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Expiry Date	Exercise Price per Share	Number
	Unquoted Options
	31 December 2018	15 cents	1,000,000
	31 December 2019	22 cents	1,500,000
	31 December 2020	28 cents	2,000,000
	31 December 2022	6 cents	1,000,000
	31 December 2022	8 cents	1,000,000
	31 December 2022	10 cents	1,000,000
	Total		7,500,000
	QuotedOptions
	1 August 2021	10 cents	700,948
	Shares		3,889,764
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Participation in Renounceable Rights Offer announced on 19 June 2018 is one (1) share for every eight (8) shares held for 5.5 cents each plus one (1) free attaching option for every two (2) new shares taken up, exercisable at 10 cents by the date that is three years from the issue date of the options (1 August 2021).

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	Sub-Underwriting Agreement
Nature of interest	In accordance with renounceable rights offer announced on 19 June 2018, and a sub-underwriting agreement, sub- underwriting $120,000. Offer price is $0.055 per New Share. FinMin Solutions Pty Ltd (together with its associates) will receive a sub-underwriting fee of 4%. The sub-underwriting was subsequently varied to $60,000 with a fee of 4%.
Name of registered holder (if issued securities)	FinMin Solutions Pty Ltd ACN 070 381 850
Date of change	1 August 2018
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	Sub-underwriting issue of 2,181,818 ordinary fully paid shares at $0.055 per share.
Interest acquired	Participation in issue of 1,090,909 ordinary fully paid shares at $0.055 per share ($60,000)
Interest disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	A sub-underwriting fee totalling 4% or $2,400
**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
Ifprior written clearance wasprovided, on what date was thisprovided?	Not applicable

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011