IONIC RARE EARTHS LIMITED — Director's Dealing 2025

Feb 4, 2025

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	31 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	Indirect and Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	1. EARLY MORN ENTERPRISES PTY LTD (Brett Lynch is the beneficial owner) 2. DIXON SONOMA PTY LTD FAMILY SUPER FUND A/C> (Brett Lynch is the beneficial owner) 3.Brett Lynch (Direct) 4. Bond Street Custodians Limited– V13669 A/C> (Brett Lynch is the beneficial owner)
Date of change	A.9 April 2024 B.10 April 2024 C.28 January 2025

• 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 prior to change	1. 10,000,000 Fully Paid Ordinary Shares EARLY MORN ENTERPRISES PTY LTD 2.121,794,872 Fully Paid Ordinary Shares - DIXON SONOMA PTY LTD 28,846,154 Options to acquire Fully Paid Ordinary Shares DIXON SONOMA PTY LTD 3.30,000,000 Performance Rights (Direct) 4. Nil
Class	A. Fully Paid Ordinary Shares B. Fully Paid Ordinary Shares C. Performance Rights
Number acquired	1.10,000,000 Fully Paid Ordinary Shares (on exercise of performance rights on 28 January 2025) 4.83,333,333 Fully Paid Ordinary Shares (from DIXON SONOMA PTY LTD On 10 April 2024) 4. 10,000,000 Fully Paid Ordinary Shares (from EARLY MORN ENTERPRISES PTY LTD on 9 April 2024)
Number disposed	3.10,000,000 Performance Rights (on exercise of performance rights on 28 January 2025) 2.83,333,333 Fully Paid Ordinary Shares (as seller on 10 April 2024) 1. 10,000,000 Fully Paid Ordinary Shares (as seller on 9 April 2024)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	0.00

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	1. 10,000,000 Fully Paid Ordinary Shares EARLY MORN ENTERPRISES PTY LTD 2.38,461,539 Fully Paid Ordinary Shares - DIXON SONOMA PTY LTD 28,846,154 Options to acquire Fully Paid Ordinary Shares DIXON SONOMA PTY LTD 3.20,000,000 Performance Rights (Direct) 4.93,333,333 Bond Street Custodians Limited
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	A. Off Market Transfer B. Off Market Transfer C. Exercise of the performance rights

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 which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closedperiod
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	NO
If so, was prior written clearance provided to allow the trade to proceed during this period?	NA

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011