GROUP 6 METALS LIMITED — Director's Dealing 2021

Aug 3, 2021

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 8 February 2021

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.

be disclosed in thispart.
Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder)Note: Provide details of the circumstances giving rise to the relevant interest	A related entity Chrysalis Investments Pty Ltd.
Date of change	28 July 2021 to 1 August 2021
No. of securities held prior to change	Equity Securities	Exercise Price per Share	Number
	Unquoted Options (expiring 31 December 2022)	6 cents	1,000,000
		8 cents	1,000,000
		10 cents	1,000,000
	Unquoted performance options expiringfive(5) years after vesting	Nil	7,000,000
	Total		10,000,000
	KISO Options	10 cents	5,518,449
	Shares		63,358,734
Class	Ordinaryfully paid shares(Shares)
	Quoted Options (expired 1 August 2021, exercise price 10 cents each) (KISO Options)
Number acquired	Shares		5,516,770
Number lapsed	KISO Options		1,679

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non- cash, provide details and estimated valuation			$
	Shares		$0.10 cash each
	KISO Options		Nil
No. of securities held *after change*	Equity Securities	Exercise Price per Share	Number
	Unquoted Options (expiring 31 December 2022)	6 cents	1,000,000
		8 cents	1,000,000
		10 cents	1,000,000
	Unquoted performance options expiring five (5) years after vesting	Nil	7,000,000
	Total		10,000,000
	Shares		68,875,504
Nature of change Example: on-market trade, off- market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Exercise of KISO Options

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	Not applicable
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 only required 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

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