GROUP 6 METALS LIMITED — Director's Dealing 2018

Jan 1, 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	Christopher ELLIS
Date of last notice	3 July2017

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 givingrise to the relevant interest	A related entity Chrysalis Investments Pty Ltd and Citicorp Nominees Pty Ltd as custodian.
Date of change	Equity Securities		Date of Change
	Options Shares		21 December 2017 29December 2017
No. of securities held prior to change	Equity Securities		Number
	Options Shares		- 48,209,220
Class	Options with the right to subscribe for one fully paid ordinary share:
	Exercise Price per Share	VestingDate	ExpiryDate	Number
	6 cents 8 cents 10 cents	31 December 2017 31 December 2017 31 December 2017	31 December 2022 31 December 2022 31 December 2022	1,000,000 1,000,000 1,000,000
			Total	3,000,000
	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	EquitySecurities	EquitySecurities	EquitySecurities	Number acquired	Number acquired
	Options Shares			3,000,000 3,915,971
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Equity Securities			Cents each security
	Options Shares			Nil 3.24
No. of securities held after change	Options with the right to subscribe for one fully paid ordinary
	Exercise Price per Share	VestingDate		ExpiryDate	Number
	6 cents 8 cents 10 cents	31 December 2017 31 December 2017 31 December 2017		31 December 2022 31 December 2022 31 December 2022	1,000,000 1,000,000 1,000,000
				Total	3,000,000
	Shares52,125,191
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Equity Securities		Nature of Change
	Options		Granting of options approved on 30 November 2017 by the members of King Island Scheelite Limited ABN 40 004 681 734
	Shares		Part and final conversion of notes approved on 2 November 2016 by the members of King Island Scheelite Limited ABN 40 004 681 734

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	Nil
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 related prior to change Note: Details are onlyrequired for a contract in relation to which the interest has changed	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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed Not applicable above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade Not applicable to proceed during this period? If prior written clearance was provided, on what date was Not applicable this provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3