IRON BEAR RESOURCES LTD — Director's Dealing 2025

Oct 26, 2025

Appendix 3Z Final Director’s Interest Notice

Rule 3.19A.3

Appendix 3Z

Final 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 30/9/2001.

Name of entity	CYCLONE METALS LIMITED
ABN	71 095 047 920

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	Tony Sage
Date of last notice	21 October 2025
Date that director ceased to be director	21 October 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

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Z Page 1

Appendix 3Z Final Director’s Interest Notice

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

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.

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 of interestNote: Provide details of the circumstances giving rise tothe relevant interestPG Partnership, of which Okewood PtyLtd, a company in which Mr Sage is adirector, is a memberOkewood Pty Ltd, a company in whichMr Sage is a directorMr Antony William Paul Sage + MrsLucyFernandesSage<EGASSuperannuation Fund A/C>, of whichMr Sage is a beneficiaryJem Holdings Pty Ltd as Trustee forJem Trust, of which Mr Sage is abeneficiary

Number & class of securities12,500 Fully Paid Ordinary Shares2,500,000 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)16,022,599ListedOptions($0.032expiring30/11/2028)1,500,000 Fully Paid Ordinary Shares54,753,188 Fully Paid Ordinary Shares36,953,120 Fully Paid Ordinary Shares

Part 3 – Director’s interests in contracts

Detail of contract NIL Nature of interest NIL Name of registered holder NIL (if issued securities) No. and class of securities to NIL which interest relates

Date of this notice: 27 October 2025

• See chapter 19 for defined terms.

Appendix 3Z Page 2

11/3/2002