NEOMETALS LTD — Director's Dealing 2023

Jun 8, 2023

Internal

Change of Director/PDMR Interest Notices

Emerging battery materials producer, Neometals Ltd (ASX & AIM: NMT) (“ Neometals ” or “the Company ”), advises that it has been notified of dealings by Non-Executive Director, Jenny Purdie and Chief Financial Officer, Jason Carone in ordinary shares of no par value in the Company (“Ordinary Shares”). Further details of which are set out below.

On 8 June 2023, persons closely associated with Jenny Purdie, Non-Executive Director, undertook an offmarket transfer of 55,450 Ordinary Shares at a price of $0.58 per Ordinary Share. Ms Purdie’s beneficial interest in Neometals following this transfer remains unchanged at 471,732 Ordinary Shares, representing approximately 0.085% of the issued share capital of the Company.

On 9 June 2023, persons closely associated with Jason Carone, Chief Financial Officer, acquired 20,000 Ordinary Shares on market at a price of $0.57 per Ordinary Share. Mr Carone’s beneficial interest in Neometals has increased to 766,462 Ordinary Shares, representing approximately 0.14% of the issued share capital of the Company.

The Appendix 3Y form in respect of Ms Purdie’s transaction is attached.

ASX: NMT | LSE: NMT neometals.com.au

Neometals Ltd ACN 099 116 631 info@neometals.com.au

T +61 8 9322 1182 F +61 8 9321 0556 Level 1, 1292 Hay Street, West Perth WA 6005 Locked Bag 8, West Perth WA 6872

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ASX Announcement : 9 June 2023 Change of Director/PDMR Interest Notices

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Authorised on behalf of Neometals by Jason Carone, Company Secretary

ENDS

For further information, please contact:

Chris Reed Jeremy McManus Managing Director General Manager, Commercial and IR T +61 8 9322 1182 T +61 8 9322 1182 E info@neometals.com.au E jmcmanus@neometals.com.au

About Neometals Ltd

Neometals is an emerging, sustainable battery materials producer. The Company is commercializing three environmentally-friendly processing technologies that will primarily produce lithium, nickel, cobalt and vanadium at lowest quartile costs with minimal carbon footprint.

Neometals’ and its partners have been recognised internationally for sustainable approaches that combine industry leading costs with circular economic principles, reducing the reliance on traditional upstream mining-based supply chains with recycling and waste recovery. The Company’s three core business units, listed below, are commercialising these proprietary technologies in incorporated joint ventures:

• Lithium-ion Battery (“LIB”) Recycling (50% technology) – providing recycling as a service, plant supply under JV or technology licensing business models via Primobius GmbH (NMT 50% equity). All plants built by Primobius’ co-owner (SMS group 50% equity), a 150-year old German plant builder with 14,000 employees. Primobius is recycling technology

partner and plant supplier to Mercedes-Benz. Commercial 10tpd shredding ‘Spoke’ facility operational in Germany and investment decision for Primobius’ first commercial 50tpd plant with Stelco in Canada expected Q4 (NMT 25% equity);

• Vanadium Recovery (100% technology) – aiming to produce high-purity vanadium pentoxide from processing of steelmaking by-product (“ Slag ”). Planned 9,000tpa operation in Pori, Finland (NMT 72.5% equity) courtesy of 10-year Slag supply agreement with SSAB. Investment decision with JV partner, Critical Metals, expected Q3 2023. MOU with H2Green Steel for potential second, larger operation in Boden, Sweden; and

• Lithium Chemicals (70% technology) – aiming to produce battery quality lithium hydroxide from brine and/or hard-rock feedstocks using patented ELi™ electrolysis process coowned 30% by Mineral Resources Ltd. Co-funding Pilot Plant Q2/Q3 2023 and Demonstration Plant H1 2024 preceding potential commercial operation with Bondalti Chemicals in Portugal.

ASX: NMT | LSE: NMT neometals.com.au

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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	Neometals Ltd
ABN	89 099 116 631

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	Jennifer Purdie
Date of last notice	06 June 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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	A. MJS Aylward Nominees Pty Ltd ATF MJSA Superannuation Fund Specified Beneficiary B. Martin Joseph Aylward ATF the MJSA Family Trust Specified Beneficiary
Date of change	08 June 2023
No. of securities held prior to change A. MJS Aylward Nominees Pty Ltd ATF MJSA Superannuation Fund B. Martin Joseph Aylward ATF the MJSA Family Trust C. Jennifer Purdie	416,282 Ordinary Fully Paid 55,450 Ordinary Fully Paid 40,875 NED 2023 Performance Rights

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	Ordinary fully paid
Number acquired	55,450
Number disposed	55,450
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$32,161
No. of securities held after change A. MJS Aylward Nominees Pty Ltd ATF MJSA Superannuation Fund B. Martin Joseph Aylward ATF the MJSA Family Trust C. Jennifer Purdie	471,732 Ordinary Fully Paid Nil 40,875 NED 2023 Performance Rights
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Transfer between related entities by way of an off-market trade

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 Nature of interest Name of registered holder (if issued securities) Date of change 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 Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

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?	N/A
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