HAMMER METALS LIMITED — Director's Dealing 2019

Oct 23, 2019

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 30/9/2001.

Name of entity Hammer Metals Limited ABN 87 095 092 158

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Daniel Tho	mas
Date of appointment	21 October	2019

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

Nil

• See chapter 19 for defined terms.

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Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of Number & class of Securities interest Note: Provide details of the circumstances giving rise Nil to the relevant interest.

Part 3 – 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		Executive Services AgreementMr Thomas is entitled to the following optionsand performance shares upon receipt ofshareholder approval at the Company’s AnnualGeneral Meeting to be held on 14 November2019.

• See chapter 19 for defined terms.

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Appendix 3X Initial Director’s Interest Notice

Nature of interest		Unlisted Options:Tranche 1 – 3,000,000 exercisable at 5 centsper share ($0.05), vesting on 21 October 2020and expiring on 21 October 2023Tranche 2 – 4,000,000 exercisable at 6 centsper share ($0.06), vesting on 21 October 2021and expiring on 21 October 2023Performance shares (all performance sharesexpire on 21 October 2023):Tranche 1A – 750,000 vesting on 21 October2020Tranche 1B – 750,000 vesting on 21 October2020, subject to the share price achieving a30% premium to the 15-day VWAP prior to theissue-date share price for a minimum period of30 days.Tranche 2A – 750,000 vesting on 21 October2021Tranche 2B – 750,000 vesting on 21 October2021, subject to the share price achieving a50% premium to the 15-day VWAP prior to theissue-date share price for a minimum period of30 days.Tranche 3 – 5,000,000 vesting upon thecompletion, to the Board’s satisfaction, of amaterial transaction to the value of a minimumof 30% of the Company’s Market Capitalisation.
Name of registered holder(if issued securities)		N/A
No. and class of securities to whichinterest relates		Refer above.

• See chapter 19 for defined terms.

11/3/2002

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