IRIS METALS LIMITED — Director's Dealing 2024

Oct 15, 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 becomes ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	IRIS Metals Limited
ABN	61 646 787 135

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	Kevin Smith
Date of last notice	16 September 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	(1) Direct(2) Indirect
Nature of indirect interest(including registered holder)	(1) N/A(2) SABASCO VENTURES LLC (owned by director)
Date of change	(1.1) N/A(1.2) N/A(1.3) N/A(2a) 10 October 2024(2b) 11 October 2024
No. of securities held prior to change	(1.1) 500,000 - PERFORMANCE RIGHTS – CLASSA – VESTING 13/03/25 EXP 13/09/25(1.2) 500,000 - PERFORMANCE RIGHTS – CLASSB – VESTING 13/09/25 EXP 13/03/26(1.3) 500,000 - PERFORMANCE RIGHTS – CLASSC – VESTING 13/03/26 EXP 13/09/27(2) 76,650 - ORDINARY FULLY PAID SHARES

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director's Interest Notice

Class	(1.1) PERFORMANCE RIGHTS – CLASS A –VESTING 13/03/25 EXP 13/09/25(1.2) PERFORMANCE RIGHTS – CLASS B –VESTING 13/09/25 EXP 13/03/26(1.3) PERFORMANCE RIGHTS – CLASS C –VESTING 13/03/26 EXP 13/09/27(2) ORDINARY FULLY PAID SHARES
Number acquired	(1.1) NIL(1.2) NIL(1.3) NIL(2a) 17,610 - ORDINARY FULLY PAID SHARES(2b) 31,500 - ORDINARY FULLY PAID SHARES
Number disposed	(1.1) NIL(1.2) NIL(1.3) NIL(2) NIL
Value/Consideration	(1.1) N/A(1.2) N/A(1.3) N/A(2a) $0.1700 PER ORDINARY FULLY PAIDSHARES ON AVERAGE (OR $2,993.70 IN TOTAL)(2b) $0.26391 PER ORDINARY FULLY PAIDSHARES ON AVERAGE (OR $8,313.22 IN TOTAL)
No. of securities held after change	(1.1) 500,000 - PERFORMANCE RIGHTS – CLASSA – VESTING 13/03/25 EXP 13/09/25(1.2) 500,000 - PERFORMANCE RIGHTS – CLASSB – VESTING 13/09/25 EXP 13/03/26(1.3) 500,000 - PERFORMANCE RIGHTS – CLASSC – VESTING 13/03/26 EXP 13/09/27(2) 125,760 - ORDINARY FULLY PAID SHARES
Nature of change	(1.1) N/A(1.2) N/A(1.3) N/A(2a) ON-MARKET ACQUISITION(2b) ON-MARKET ACQUISITION

Part 2 - Change of director's relevant 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

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 2

Appendix 3Y Change of Director's Interest Notice

	Appendix 3YChange of Director's Interest Notice
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securitiesto which interest relatedprior to change	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Interest after change	N/A

Part 3 -[+] Closed period

Part 3 -+Closed period
Were the interests in the securities orcontracts detailed above traded during a+closed period where prior written clearancewas required?	NO
If so, was prior written clearance provided toallow the trade to proceed during this period?	N/A
If prior written clearance was provided, onwhat date was this provided?	N/A

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3