IRON BEAR RESOURCES LTD — Director's Dealing 2024

Nov 6, 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 become ASX’s property and may be made public.

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

Name of entity CYCLONE METALS LIMITED

ABN 71 095 047 920

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	Antony Sage
Date of last notice	1 November 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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect (1): Shares owned by PG Partnership, of which Okewood Pty Ltd, a company in which Mr Sage is a director, is a member. Indirect (2): Securities owned by Okewood Pty Ltd, a company in which Mr Sage is a director. Indirect (3): Securities owned by Mr Antony William Paul Sage + Mrs Lucy Fernandes Sage A/C>, of which Mr Sage is a beneficiary Indirect (4): Jem Holdings Pty Ltd as Trustee for Jem Trust, of which Mr Sage is a beneficiary
Date of change	6 November 2024

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Pre-consolidation basis Indirect (1): 250,000 Fully Paid Ordinary Shares Indirect (2): 100,000,000 Unlisted Class A Incentive Options ($0.003 expiring 5 December 2024) 50,000,000 Unlisted Class B Incentive Options ($0.005 expiring 5 December 2025) 50,000,000 Unlisted Class C Incentive Options ($0.01 expiring 5 December 2026) Indirect (3): 30,000,000 Fully Paid Ordinary Shares 730,042,498 Fully Paid Ordinary Shares Indirect (4): 492,708,250 Fully Paid Ordinary Shares
Class	Fully paid ordinary shares Unlisted Class A Incentive Options ($0.06 expiring 5 December 2024) Unlisted Class B Incentive Options ($0.10 expiring 5 December 2025) Unlisted Class C Incentive Options ($0.20 expiring 5 December 2026)
Number acquired	Nil
Number disposed	Nil – See nature of change below
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	N/a – See nature of change below
No. of securities held after change	Post-consolidation basis Indirect (1): 12,500 Fully Paid Ordinary Shares Indirect (2): 5,000,000 Unlisted Class A Incentive Options ($0.06 expiring 5 December 2024) 2,500,000 Unlisted Class B Incentive Options ($0.10 expiring 5 December 2025) 2,500,000 Unlisted Class C Incentive Options ($0.20 expiring 5 December 2026) Indirect (3): 1,500,000 Fully Paid Ordinary Shares 36,502,125 Fully Paid Ordinary Shares Indirect (4): 24,635,413 Fully Paid Ordinary Shares

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	A share consolidation approved by shareholders of Cyclone Metals Ltd (CLE) annual general meeting held on 31 October 2024. As a result, the number of ordinary shares held by the Director (in each individual holding) have been consolidated on a 20 for 1 basis (with fractions of a share rounded up to the nearest whole number of shares) as contemplated in the CLE notice of annual general meeting.

Part 2 – Change of 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	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 Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	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
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

Appendix 3Y Change of Director’s Interest Notice

Date: 7 November 2024

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011