METRO MINING LIMITED — Director's Dealing 2024

Sep 9, 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	Metro Mining Limited
ABN	117 763 443

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	Simon Wensley
Date of last notice	9 August 2023

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	Family trust - Black Falcon Investments Qld Pty
(including registered holder)	Ltd ATF the Wensley Family Trust
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	1. 28 February 2024
	2. 29 August 2024
	3. 3 September 2024
No. of securities held prior to change	Ordinary shares
	Nil.
	Performance rights
	15,683,688 vested performance rights capable of
	conversion into ordinary shares.
	93,855,988 performance rights subject to
	satisfaction of various Performance Conditions
	and other vesting requirements that have not yet
	vested.
Class	MMIAO: Performance rights
	MMI: Ordinary fully paid shares

• See chapter 19 for defined terms.

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Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired	Number acquired	1. 49,531,285 performance rights, which aresubject to satisfaction of various PerformanceConditions and other vesting requirementswere granted on 29 August 2024 under theEmployee Incentive Plan and have not vested,representing:(a) 20,395,235 performance rights as a short-term incentive for the period from 1January to 31 December 2024; and(b) 29,136,050 performance rights as a long-term incentive for the period from 1January 2024 to 31 December 2027.2. 15,683,688 ordinary fully paid shares acquiredby virtue of the conversion of vestedperformance rights on 3 September 2024.The issue of the performance rights detailedabove was approved by shareholders at the 2024annual general meeting.	1. 49,531,285 performance rights, which aresubject to satisfaction of various PerformanceConditions and other vesting requirementswere granted on 29 August 2024 under theEmployee Incentive Plan and have not vested,representing:(a) 20,395,235 performance rights as a short-term incentive for the period from 1January to 31 December 2024; and(b) 29,136,050 performance rights as a long-term incentive for the period from 1January 2024 to 31 December 2027.2. 15,683,688 ordinary fully paid shares acquiredby virtue of the conversion of vestedperformance rights on 3 September 2024.The issue of the performance rights detailedabove was approved by shareholders at the 2024annual general meeting.	1. 49,531,285 performance rights, which aresubject to satisfaction of various PerformanceConditions and other vesting requirementswere granted on 29 August 2024 under theEmployee Incentive Plan and have not vested,representing:(a) 20,395,235 performance rights as a short-term incentive for the period from 1January to 31 December 2024; and(b) 29,136,050 performance rights as a long-term incentive for the period from 1January 2024 to 31 December 2027.2. 15,683,688 ordinary fully paid shares acquiredby virtue of the conversion of vestedperformance rights on 3 September 2024.The issue of the performance rights detailedabove was approved by shareholders at the 2024annual general meeting.
Number dis	posed	1. 11,020,625 performance rilased as the are not ca	ghts which haveble of vestin
		p y prepresenting:	g,
		(a) 4,720,625 performancthe 2023 short term in	e rights relating tocentive plan which
		have lapsed as they ar	e not capable of
		vesting;(b) 6,300,000 performanc	e rights relating to
		the 2021 – 2023 long twhich have lapsed as t	erm incentive planhey are not capable
		of vesting.
		2. 15,683,688 vested perform	ance rights (which
		have been converted into odetailed above	rdinary shares), as
		.
Vl/C	dti	Ud th t f th El	Iti Pl
aueonsNote: If considvaluation	eraoneration is non-cash, provide details and estimated	ner e erms o e mpthere is no consideration pay	yee ncenve an,able for the
		conversion of vested performordinary shares or for the issu	ance rights intoing of performance
		rights to Participants.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

	No. of securities held after change		Ordinary shares15,683,688.Performance rights18,882,500 vested performance rights capable ofconversion into ordinary shares. Note - Theseperformance rights were listed in the Appendix3Y lodged on 8 August 2023 as being granted butnot yet vested, in respect of the 2023 short termincentive plan. A total of 23,603,125performance rights were granted, however,4,720,625 have lapsed, as detailed above.113,484,148 performance rights that are subjectto satisfaction of various Performance Conditionsand other vesting requirements and have notvested.
			18,882,500 vested performance rights capableconversion into ordinary shares. Note - Theseperformance rights were listed in the Appendix3Y lodged on 8 August 2023 as being granted bunot yet vested, in respect of the 2023 short termincentive plan. A total of 23,603,125performance rights were granted, however,4,720,625 have lapsed, as detailed above.
			vested.
	Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back		The issue of vested performance rights and alapsing of performance rights which are nolonger capable of vesting, as granted under thEmployee Incentive Plan.

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 whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Interest after change N/A

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed	No.
above traded during a+closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the	N/A
trade to proceed during this period?
If prior written clearance was provided, on what date was	N/A
this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 4

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