IRIS METALS LIMITED — Director's Dealing 2026

Mar 12, 2026

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

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	14 November 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	(1) N/A
(including registered holder)
	(2) N/A
	(3) Heatherton Holdings Pty Ltd
Date of change	(1) 13 March 2026
	(2.1) 13 March 2026
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) 5,882,352 - ORDINARY FULLY PAID
	SHARES
	(3.2) 2,941,176 - UNLISTED OPTION EXP
	30/09/2026 @$0.25
Class	(1) ORDINARY FULLY PAID SHARES
	(2.1) PERFORMANCE RIGHTS – CLASS A –
	VESTING 05/03/2026 EXP 05/09/2026

• 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
Number acquired	(1) 500,000 - ORDINARY FULLY PAID SHARES
Number disposed	(2.1) (500,000) - PERFORMANCE RIGHTS –CLASS A – VESTING 05/03/2026 EXP 05/09/2026
Value/Consideration	(1) NIL - CONVERSION OF VESTEDPERFORMANCE RIGHTS(2.1) NIL - CONVERSION OF VESTEDPERFORMANCE RIGHTS
No. of securities held after change	(1) 747,250 - ORDINARY FULLY PAID SHARES(2.1) 0 - PERFORMANCE RIGHTS – CLASS A –VESTING 05/03/2026 EXP 05/09/2026(2.2) 500,000 - PERFORMANCE RIGHTS – CLASSB – VESTING 05/09/2026 EXP 05/03/2027(2.3) 500,000 - PERFORMANCE RIGHTS – CLASSC – VESTING EXP 05/03/2027 EXP 05/09/2027(3.1) 5,882,352 - ORDINARY FULLY PAIDSHARES(3.2) 2,941,176 - UNLISTED OPTION EXP30/09/2026 @$0.25
Nature of change	(1) ISSUE OF SHARES FROM CONVERSION OFVESTED PERFORMANCE RIGHTS ASAPPROVED BY SHAREHOLDERS ON 29AUGUST 2025.(2.1) ISSUE OF SHARES FROM CONVERSIONOF VESTED PERFORMANCE RIGHTS ASAPPROVED BY SHAREHOLDERS ON 29AUGUST 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 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

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Were the interests in the securities or NO contracts detailed above traded during a +closed period where prior written clearance was required?

• 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
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