NEOMETALS LTD — Director's Dealing 2023

Jun 5, 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 Company directors in ordinary shares of no par value in the Company (“Ordinary Shares”). Further details of which are set out below.

On 2 June 2023, Chris Reed, Managing Director, transferred 986,417 Ordinary Shares to Nickel Investments Pty Ltd at a price of at A$0.585 per share. Mr Reed is a director and shareholder in Nickel Investments Pty Ltd and, accordingly, his beneficial interest in Neometals following this transfer remains unchanged at 7,868,589 Ordinary Shares, representing approximately 1.42% of the issued share capital of the Company.

On 2 June 2023, persons closely associated with Jenny Purdie, Non-Executive Director, undertook an offmarket transfer of 197,372 Ordinary Shares at a price of $0.62 per Ordinary Share. In addition, on 5 June 2023, Ms Purdie acquired 86,210 Ordinary Shares on market at a price of $0.5824 per Ordinary Share. Following these transactions, Ms Purdie’s beneficial interest in Neometals has increased to 471,732 Ordinary Shares, representing approximately 0.085% of the issued share capital of the Company.

On 6 June 2023, persons closely associated with Doug Ritchie, Non-Executive Director, acquired 70,000 Ordinary Shares on market at a price of $0.572 per Ordinary Share. Mr Ritchie’s beneficial interest in Neometals has increased to 335,269 Ordinary Shares, representing approximately 0.06% of the issued share capital of the Company.

The Appendix 3Y forms in respect of the above transactions are 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 : 6 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	89 009 116 631

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 Christopher John Reed

Date of last notice 07 September 2022

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 Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. Date of change	Direct and Indirect
	C. Nickel Investments Pty Ltd Director and Shareholder
	02 June 2023

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change A. Christopher John Reed B. Reekal Pty Ltd C. Nickel Investments Pty Ltd D. Louron Exploration Pty Ltd E. Sonia Jean Reed F. Western Mining Corporation Pty Limited G. Gold Mines of Kalgoorlie Pty Ltd	1,886,417 Ordinary Fully Paid 246,604 Performance rights 2022 1,213,901 Ordinary Fully Paid 868,271 Ordinary Fully Paid 574,049 Performance Rights 2024 400,000 Ordinary Fully Paid 500,000 Ordinary Fully Paid 239,904 Performance Rights 2025 3,000,000 Ordinary Fully Paid 1,656,754 Performance Rights 2023
Class	Ordinary Fully Paid
Number acquired	986,417
Number disposed	986,417
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$577,054

• 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 A. Christopher John Reed B. Reekal Pty Ltd C. Nickel Investments Pty Ltd D. Louron Exploration Pty Ltd E. Sonia Jean Reed F. Western Mining Corporation Pty Limited G. Gold Mines of Kalgoorlie Pty Ltd	900,000 Ordinary Fully Paid 246,604 Performance rights 2022 1,213,901 Ordinary Fully Paid 1,854,688 Ordinary Fully Paid 574,049 Performance Rights 2024 400,000 Ordinary Fully Paid 500,000 Ordinary Fully Paid 239,904 Performance Rights 2025 3,000,000 Ordinary Fully Paid 1,656,754 Performance Rights 2023
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 via 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

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

art 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.

Appendix 3Y Page 4

01/01/2011

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	08 August 2022

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	02 & 05 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	132,700 Ordinary Fully Paid 252,822 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	1. 197,372 2. 86,210
Number disposed	197,372
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	1. $122,370.64 2. $50,204.88
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	416,282 Ordinary Fully Paid 55,450 Ordinary Fully Paid 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	1. Off market transfer 2. On market purchase

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.

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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
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• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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.

Appendix 3Y Page 4

01/01/2011

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 Douglas Campbell Walter Ritchie

Date of last notice 08 August 2022

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.	Pleiades Partners Pty Ltd Director/Secretary Shareholder
Date of change	06 June 2023
No. of securities held prior to change	Pleiades Partners Pty Ltd 265,269 Ordinary Fully Paid 40,875 NED 2023 Performance Rights
Class	Ordinary fully paid
Number acquired	70,000
Number disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$40,040

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change Pleiades Partners Pty Ltd 335,269 Ordinary Fully Paid 40,875 NED 2023 Performance Rights Nature of change On market purchase Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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.

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----- Start of picture text -----

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
----- End of picture text -----

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed N/A above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade N/A to proceed during this period? If prior written clearance was provided, on what date was this N/A provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011