METRO MINING LIMITED — Director's Dealing 2025

Mar 3, 2025

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	8 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 relevantinterest.		Family trust - Black Falcon Investments Qld PtyLtd ATF the Wensley Family Trust
Date of change		1. 25 February 2025 (in respect of the forfeiture /disposal of performance rights).2. 4 March 2025 (in respect of the conversion ofperformance rights into ordinary shares).
No. of securities held prior to change		Ordinary shares10,683,688.Performance rights18,882,500 vested performance rights capable ofconversion into ordinary shares.113,484,148 performance rights that are subjectto satisfaction of various Performance Conditionsand other vesting requirements and have notvested.
Class		1. MMIAO: Performance rights.2. MMI: Ordinary fully paid shares.

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired		1. 18,882,500 ordinary fully paid shares acquiredby virtue of the conversion of vestedperformance rights on 4 March 2025.2. 23,850,906 performance rights that have nowvested and are capable of conversion intoordinary shares.
Number disposed		1. 15,488,859 performance rights which havelapsed as they are not capable of vesting,representing:(a) 6,016,594 performance rights relating tothe 2024 short term incentive plan whichhave lapsed as they are not capable ofvesting;(b) 9,472,265 performance rights relating tothe 2022 – 2024 long term incentive planwhich have lapsed as they are not capableof vesting.
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		Under the terms of the Employee Incentive Plan,there is no consideration payable for theconversion of vested performance rights intoordinary shares.The estimated value of the vested performancerights that have been converted into shares is$0.053 per share.
No. of securities held after change		Ordinary shares29,566,188Performance rights23,850,906 vested performance rights capable ofconversion into ordinary shares, but whichremain subject to an escrow period.74,094,383 performance rights that are subjectto satisfaction of various Performance Conditionsand other vesting requirements and have notvested.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back		Lapsing of performance rights which are nolonger capable of vesting, as granted under theEmployee Incentive Plan.The conversion of vested performance rights intosecurities.

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Nature of interest	N/A
Name of registered holder	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to which	N/A
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Note: If consideration is non-cash, provide details and
an estimated valuation
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.

01/01/2011

Appendix 3Y Page 3