IRON BEAR RESOURCES LTD — Major Shareholding Notification 2021

Sep 30, 2021

603 GUIDE page 1/2 30[th] September 2021

Form 603 Corporations Act 2001 Section 671B

Notice of initial substantial holder

To:Company Name/Scheme ACN/ARSN 1. Details of substantial holder (1) Name ACN/ARSN (if applicable) The holder became a substantial holder o	CYCLONE METALS LIMITED
	71 095 047 920
	Mr Jason Peterson
	n/a
	n 17 / 09 / 2021

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person’s votes (5)	Voting power (6)
Ordinary fully paid (O.F.P.)	245,647,059	245,647,059	5.14%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Sunset Capital Management P/L	Sunset Capital Management P/L	175,647,059
Celtic Capital Pte Ltd	Celtic Capital Pte Ltd	60,000,000
Celtic Capital P/L	Celtic Capital P/L	10,000,000

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holders of relevant interest	Registered holder of Securities	Person entitled to be registered as a holder (8)	Class and number of securities
Sunset Capital Management P/L	Sunset Capital Management P/L	Sunset Capital Management P/L	175,647,059
Celtic Capital Pte Ltd	Celtic Capital Pte Ltd	Celtic Capital Pte Ltd	60,000,000
Celtic Capital P/L	Celtic Capital P/L	Celtic Capital P/L	10,000,000

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four month s prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Consideration (9)	Class and number of securities
		**Cash **	**Non-cash **
Sunset Capital Management P/L	Various	$470,081.96		175,647,059
Celtic Capital Pte Ltd	02/09/2021	$300,000.00		60,000,000
Celtic Capital P/L	02/09/2021	$50,000.00		10,000,000

603 GUIDE page 2/2 30[th] September 2021

6. Associates

The reasons the person named in paragraph 3 above and associates of the substantial holder are as follows:

Name and ACN/ARSN(if applicable)	Nature of association
Sunset Capital Management P/L	Trustee
Celtic Capital Pte Ltd	Director
Celtic Capital P/L	Director

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Sunset Capital Management P/L	C/- PO Box Z5467, Perth St Georges Terrace, Perth WA 6831
Celtic Capital Pte Ltd	C/- PO Box Z5467, Perth St Georges Terrace, Perth WA 6831
Celtic Capital P/L	C/- PO Box Z5467, Perth St Georges Terrace, Perth WA 6831

Signature

print name sign here	Mr Jason Peterson capacity Director & Trustee
	date 30 / 09 / 2021