HAMMER METALS LIMITED — Major Shareholding Notification 2021

Aug 4, 2021

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CHANGE IN SUBSTANTIAL HOLDING

ASX RELEASE 5 August 2021

Hammer Metals Ltd (ASX:HMX) (“ Hammer ” or the “ Company ”) attaches a Notice of change of interests of substantial holder (Form 604) lodged by Hammer Director Mr Ziggy Lubieniecki.

DIRECTORS / MANAGEMENT

Russell Davis Chairman

Daniel Thomas Managing Director

Ziggy Lubieniecki Non-Executive Director

This announcement has been authorised for issue by the Board of Hammer Metals Limited in accordance with ASX Listing Rule 15.5.

David Church Non–Executive Director

Mark Pitts Company Secretary

Mark Whittle Chief Operating Officer

For further information please contact:

Daniel Thomas Managing Director

CAPITAL STRUCTURE

ASX Code: HMX

T +61 8 6369 1195 E info@hammermetals.com.au

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Share Price (04/08/2021) $0.087 Shares on Issue 813m Market Cap $70.7m Options Unlisted 27m Performance Rights 6.5m

About Hammer Metals

Hammer Metals Limited (ASX: HMX) holds a strategic tenement position covering approximately 2,200km[2] within the Mount Isa mining district, with 100% interests in the Kalman (Cu-Au-Mo-Re) deposit, the Overlander North and Overlander South (Cu-Co) deposits and the Elaine (Cu-Au) deposit. Hammer also has a 51% interest in the Jubilee (Cu-Au) deposit. Hammer is an active mineral explorer, focused on discovering large copper-gold deposits of Ernest Henry style and has a range of prospective targets at various stages of testing. Hammer also holds a 100% interest in the Bronzewing South Gold Project located adjacent to the 2.3 million-ounce Bronzewing gold deposit in the highly endowed Yandal Belt of Western Australia.

T (08) 6369 1195 E info@hammermetals.com.au

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ABN 87 095 092 158 P Unit 1, 28-30 Mayfair Street, West Perth, WA 6005

hammermetals.com.au

604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Hammer Metals Limited

ACN/ARSN

095 092 158

1. Details of substantial holder(1)

Name

Mr Zbigniew Waldemar Lubieniecki

ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on 15 / /07 2021 The previous notice was given to the company on 10 / /06 2020 The previous notice was dated 03/ /06 2020

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
ORD	57,200,838	10.06%	62,664,283	7.70%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of	Person whose	Nature of	Consideration	Class and	Person's votes
change	relevant interest	change (6)	given in relation	number of	affected
	changed		to change (7)	securities
				affected
07/12/2020	Zbigniew Lubieniecki	Issue of shares in lieu of fees	$0.025 per share	200,288 ORD	200,288 ORD
14/07/2021	Zbigniew Lubieniecki	Participation in placement	$0.095 per share	5,263,157 ORD	5,263,157 ORD

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of	Registered	Person entitled	Nature of	Class and	Person's votes
relevant	holder of	to be registered	relevant	number of
interest	securities	as holder (8)	interest (6)	securities
Zbigniew Lubieniecki	Zbigniew Lubieniecki	Zbigniew Lubieniecki	Directlyheld	62,664,283 ORD	62,664,283 ORD