IONIC RARE EARTHS LIMITED — Director's Dealing 2024

Aug 5, 2024

Appendix 3Y

Change of Director’s Interest Notice

Rule 3.19A.2

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 Ionic Rare Earths Limited ABN 84 083 646 477

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	Mr Sufian Ahmad
Date of last notice	29 July 2024

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	Direct & Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Securities held in the names ofthefollowing:Sufian Ahmad <62 Capital Account>. SixtyTwo Capital Pty Ltd is a company in whichMr Ahmad is both a director andshareholder; BRSB Super Fund Pty Ltd<BRSB Super Fund A/C> a company inwhich Mr Ahmad is both a director andbeneficiary; andMrs Ifrah Nishat.
Date of change	1 August 2024
No. of securities held prior to change	100,010,000 Fully Paid Ordinary Shares(Direct)40,433,822 Fully Paid Ordinary Shares(Indirect )5,000,000 Performance Rights
Class	Ordinary Shares
Number acquired	NA
Number disposed	100,010,000 Ordinary Shares (Direct)

See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y

Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$0.01 per Ordinary Share
No. of securities held after change	140,443,822 Fully Paid Ordinary Shares(Indirect)5,000,000 Performance Rights
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Transfer of Shares– off-market trade

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	NA
Nature of interest	NA
Name of registered holder(if issued securities)	NA
Date of change	NA
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	NA
Interest acquired	NA
Interest disposed	NA
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	NA
Interest after change	NA

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a +closed period where prior written clearance was required?

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

Appendix 3YChange of Director’s Interest Notice
If so, was prior written clearance provided to allow thetrade to proceed during this period?	NA
If prior written clearance was provided, on what datewas this provided?	NA

Appendix 3Y Page 3

• See chapter 19 for defined terms.