GROUP 6 METALS LIMITED — Director's Dealing 2021

Feb 7, 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 11 April 2019

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 and Citicorp Nominees Pty Ltd as custodian.
Date of change	4 February 2021 and 5 February 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
	Total		3,000,000
	Quoted Options (expiring1 August 2021)	10 cents	3,245,721
	Shares		58,813,278
Class	Ordinaryfully paid shares
	Quoted Options (expiring 1 each), issued based on one shares	August 2021, exercise price 10 cents (1) option for every two (2) new
	Unquoted performance options approved by members at a meeting held 8 January 2021, issued for no consideration, vesting subject to performance hurdles and expiry date five (5) years after vesting
Number acquired			Number
	Shares		4,545,456
	Quoted Options		2,272,728

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

	Performance Options	Performance Options		7,000,000
Number disposed	Nil
Value/Consideration Note: If consideration is non‐ cash, provide details and estimated valuation				$
	Shares			250,000
	Quoted Options			Nil
	Performance 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
	Quoted Options (expiring 1 August 2021)		10 cents	5,518,449
	Shares			63,358,734
Nature of change Example: on‐market trade, off‐ market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy‐back	Shares and Quoted Options	Cash placement, approved by members at a meeting held 8 January 2021.
	Performance Options	Issued as performance‐based remuneration, approved by members at a meetingheld 8January2021.

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