IRIS METALS LIMITED — Director's Dealing 2025

Feb 11, 2025

Appendix 3X Initial Director's Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 30/9/2001.

Name of entity	IRIS Metals Limited
ABN	61 646 787 135

We (the entity) give ASX the following information under listing rule 3.19.A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	Anthony Collins
Date of appointment	12 February 2025

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

Nil

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature ofinterestNote: Provide details of the circumstancesgiving rise to the relevant interest.Nil	Number & class of SecuritiesNil

Part 3 - 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	"Appointment as Non Executive Director" Letterbetween IR1 and Mr Anthony Collins

• See chapter 19 for defined terms.

11/03/2002

Appendix 3X Page 1

Appendix 3X Initial Director's Interest Notice

Nature of interest	1,500,000 Performance Rights, comprising:(i)Class A Performance Rights (500,000): six (6)months from the date of issue (Vesting Condition) on orbefore the date that is twelve (12) months from the dateof issue (Expiry Date);(ii)Class B Performance Rights (500,000): twelve (12)months from the date of issue (Vesting Condition) on orbefore the date that is eighteen (18) months from thedate of issue (Expiry Date); and(iii)Class C Performance Rights (500,000): eighteen(18) months from the date of issue (Vesting Condition)on or before the date that is twenty-four (24) monthsfrom the date of issue (Expiry Date),AND subject to and conditional on the Companyobtaining shareholder approval pursuant to ASX ListingRule 10.11. If shareholders do not approve the issue,the Company may have to consider other forms ofremuneration.
Name of registered holder (ifissued securities)	Mr Anthony Collins (or nominee)
No. and class of securities towhich interest relates	1,500,000 Performance Rights, subject to shareholderapproval

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/03/2002