IONIC RARE EARTHS LIMITED — Director's Dealing 2024

Mar 21, 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	Mr Brett Lynch
Date of last notice	2 February 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
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	20 & 21 March 2024
No. of securities held prior to change	Nil
Class	Performance Rights
	Fully Paid Ordinary Shares
Number acquired	30,000,000 Performance Rights
	93,333,333 Fully Paid Ordinary Shares
Number disposed	-
Value/Consideration	$1,500,000
Note: If consideration is non-cash, provide details and estimated
valuation

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after 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>
Nature of change	Issue of Shares and PR approved at 2024
Example: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-	EGM
back

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 Nature of interest Name of registered holder (if issued securities) Date of change 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 Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

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? If so, was prior written clearance provided to allow the trade to proceed during this period?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3