PEEL MINING LIMITED — Director's Dealing 2025

Nov 27, 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 Peel Mining Limited ABN 42 119 343 734

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	Ronald Beevor
Date of last notice	23rdSeptember 2025

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	Power to exercise, or control the exercise of, a right
(including registered holder)	to vote attached to the securities and the power to
Note: Provide details of the circumstances giving rise to therelevant interest.	dispose of, or control the exercise of a power to
	dispose of the securities.
	Registered holders of indirect interests
	•Beevor Assoicates Pty Ltd
	(Sole Director and Shareholder)
Date of change	28thNovember 2025
No. of securities held prior to change	Indirect – 7,000,000 Share Options
Class	Fully Paid Ordinary Shares
Number acquired	Tranche 2 placement shares - 2,352,942
Number disposed	Nil
Value/Consideration	$200,000.07
Note: If consideration is non-cash, provide details and
estimated valuation

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No of secu	No of secu
	No of secu	ities held after chan	e		Idi	FPO Sh
	.		g		nrect - 2,352,942Indirect – 7,000,00	ares0 Share Options
	Nature of changeExample: on-markettrade, off-markettrade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back			Purchase of fully paid ordinary shares as part ofTranche 2 of the Company’s placement, announcedto the ASX on 29 September 2025 and approved byshareholders at the Annual General Meeting on 20November 2025.

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.

						November 2025.
Part 2 – C		hange of d	irector’s	interests in con		tracts
							f “notifiable in
Note: In the cas		e of a company,	interests whi	ch come within paragrap		h (ii) of the definition o		terest of a director” s	hould
be disclosed in tDetail of		his part.
	Detail of	contract			N/A
	Nature o	f interest
	Name of	reistered	holder
	(if issue	gd securities	)
	Date of c	hange
	No. and class of se
			curities to whichr to change
	interest related prioNote: Details are only req
			uired for a contract in
	relation to which the interes		t has changed
	Itt id
	neres acqure
	**Intrt did **
	ees spose
	Value/Consideratio		non-cash provide details
	Note: If consideration is n
	and an estimated valuation		,
	Interest after chang		e
			iod
Part 3 –+Closed per

Part 3 –[+] Closed period

	art 3 –+Closed period	art 3 –+Closed period	art 3 –+Closed period	art 3 –+Closed period	art 3 –+Closed period
	Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearance					No
	was required?
	If so was prior written clearance provided to allow the trade to					N/A
	,proceed during this period?
	If pro	rior written clearance was provided,vided?		on what da	te was this	N/A
p	p

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011