IRIS METALS LIMITED — Director's Dealing 2025

Nov 13, 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 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	Anthony Collins
Date of last notice	5 September 2025

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) Direct (3) Indirect
Nature of indirect interest (including registered holder)	(1) N/A (2) N/A (3) Heatherton Holdings Pty Ltd
Date of change	(1) N/A (3.1) 14 November 2025 (3.2) 14 November 2025
No. of securities held prior to change	(1) 247,250 - ORDINARY FULLY PAID SHARES (2.1) 500,000 PERFORMANCE RIGHTS – CLASS A – VESTING 05/03/2026 EXP 05/09/2026 (2.2) 500,000 PERFORMANCE RIGHTS – CLASS B – VESTING 05/09/2026 EXP 05/03/2027 (2.3) 500,000 PERFORMANCE RIGHTS – CLASS C – VESTING EXP 05/03/2027 EXP 05/09/2027 (3.1) 0 ORDINARY FULLY PAID SHARES (3.2) 0 UNLISTED OPTION EXP 30/09/2026 @$0.25
Class	(3.1) ORDINARY FULLY PAID SHARES (3.2) UNLISTED OPTIONS EXP 30/09/2026 @$0.25

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

Appendix 3Y Change of Director's Interest Notice

	Appendix 3Y Change of Director's Interest Notice
Number acquired	(3.1) 5,882,352 ORDINARY FULLY PAID SHARES (3.2) 2,941,176 UNLISTED OPTIONS EXP 30/09/2026 @$0.25
Number disposed	NIL
Value/Consideration	(3.1) $0.085 PER ORDINARY FULLY PAID SHARE (OR $499,999.92) (3.2) NIL - FREE ATTACHING OPTIONS PURSUANT TO PLACEMENT IN (3.1)
No. of securities held after change	(1) 247,250 - ORDINARY FULLY PAID SHARES (2.1) 500,000 PERFORMANCE RIGHTS – CLASS A – VESTING 05/03/2026 EXP 05/09/2026 (2.2) 500,000 PERFORMANCE RIGHTS – CLASS B – VESTING 05/09/2026 EXP 05/03/2027 (2.3) 500,000 PERFORMANCE RIGHTS – CLASS C – VESTING EXP 05/03/2027 EXP 05/09/2027 (3.1) 5,882,352 ORDINARY FULLY PAID SHARES (3.2) 2,941,176 UNLISTED OPTION EXP 30/09/2026 @$0.25
Nature of change	(3.1) ISSUE OF PLACEMENT SHARES AS APPROVED BY SHAREHOLDERS ON 7 NOVEMBER 2025. (3.2) ISSUE OF FREE ATTACHING PLACEMENT OPTIONS AS APPROVED BY SHAREHOLDERS ON 7 NOVEMBER 2025.

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
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Interest after change	N/A

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?	NO

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

Appendix 3Y Change of Director's Interest Notice

	Appendix 3Y Change of Director's Interest Notice
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

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