IRIS METALS LIMITED — Director's Dealing 2025

Apr 10, 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	12 February 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	Direct
Nature of indirect interest(including registered holder)	N/A
Date of change	10 April 2025
No. of securities held prior to change	0 - ORDINARY FULLY PAID SHARES
Class	ORDINARY FULLY PAID SHARES
Number acquired	247,250 - ORDINARY FULLY PAID SHARES
Number disposed	NIL
Value/Consideration	$0.20 PER ORDINARY FULLY PAID SHARES ONAVERAGE (OR $49,450.00 IN TOTAL)
No. of securities held after change	247,250 - ORDINARY FULLY PAID SHARES
Nature of change	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	"Appointment as Non Executive Director" Letter between IR1and Mr Anthony Collins

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

Appendix 3Y Change of Director's Interest Notice

	Appendix 3YChange of Director's Interest Notice
Nature of interest	No change - remains as below:1,500,000 Performance Rights, comprising:(i)Class A Performance Rights (500,000): six (6) months fromthe date of issue (Vesting Condition) on or before the date thatis twelve (12) months from the date of issue (Expiry Date);(ii)Class B Performance Rights (500,000): twelve (12) monthsfrom the date of issue (Vesting Condition) on or before the datethat is eighteen (18) months from the date of issue (ExpiryDate); and(iii)Class C Performance Rights (500,000): eighteen (18)months from the date of issue (Vesting Condition) on or beforethe date that is twenty-four (24) months from the date of issue(Expiry Date),AND subject to and conditional on the Company obtainingshareholder approval pursuant to ASX Listing Rule 10.11. Ifshareholders do not approve the issue, the Company mayhave to consider other forms of remuneration.
Name of registered holder(if issued securities)	Mr Anthony Collins (or nominee)
Date of change	N/A
No. and class of securitiesto which interest relatedprior to change	1,500,000 Performance Rights, subject to shareholder approval
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 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 2