IONIC RARE EARTHS LIMITED — Director's Dealing 2024

Jul 30, 2024

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 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	BRETT LYNCH
Date of last notice	22 March 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	Indirect / Direct
	DIXON SONOMA PTY LTD
	<LYNCH FAMILY SUPER FUND A/C>
	EARLY MORN ENTERPRISES PTY LTD
	<EARLY MORN TRUST A/C>
Nature of indirect interest	N/A
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	22 July 2024
No. of securities held prior to change	30,000,000 Performance Rights (Direct)
	83,333,333 Fully Paid Ordinary Shares -
	DIXON SONOMA PTY LTD
	<LYNCH FAMILY SUPER FUND A/C>
	10,000,000 Fully Paid Ordinary Shares
	EARLY MORN ENTERPRISES PTY LTD
	<EARLY MORN TRUST A/C>
Class	Fully Paid Ordinary Shares
	Options to acquire Fully Paid Ordinary
	Shares
Number acquired	38,461,539 Fully Paid Ordinary Shares
	28,846,154 Options to acquire Fully Paid
	Ordinary Shares

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$0.013 per Ordinary ShareNil per Option
No. of securities held after change	30,000,000 Performance Rights (Direct)28,846,154 Options to acquire Fully PaidOrdinary SharesDIXON SONOMA PTY LTD<LYNCH FAMILY SUPER FUND A/C>121,794,872 Fully Paid Ordinary Shares -DIXON SONOMA PTY LTD<LYNCH FAMILY SUPER FUND A/C>10,000,000 Fully Paid Ordinary SharesEARLY MORN ENTERPRISES PTY LTD<EARLY MORN TRUST A/C>
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Issue of Ordinary Shares and grant ofOptions to acquire fully paid OrdinarySharesapprovedat26June2024shareholder meeting.

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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow thetrade to proceed during this period?	N/A
If prior written clearance was provided, on what date wasthis provided?	N/A

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3