PIVOTAL METALS LIMITED — Proxy Solicitation & Information Statement 2023

Jun 13, 2023

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12 June 2023

Dear shareholders,

GENERAL MEETING

The upcoming general meeting of Pivotal Metals Limited (formerly Rafaella Resources Limited) ( Company ) is scheduled to be held at Level 8, London House, 216 St Georges Terrace, Perth, Western Australia 6000 on Monday, 17 July 2023 at 3:00pm (AWST) ( Meeting ).

The Directors of the Company have made the decision to hold a physical Meeting on the basis that minimal shareholders attended the Company’s 2023 general meeting held on 2 March 2023 and 2022 annual general meeting held on 22 November 2022. Accordingly, shareholders will be able to attend the Meeting in person should they wish to do so. However the Company is continuing to monitor the impact of the COVID-19 virus in Western Australia and following guidance from the Federal and State Governments.

The Company will not be sending physical copies of the Notice of Meeting to shareholders (other than for shareholders who have requested to receive physical copies, which will be despatched to them). The Notice of Meeting can otherwise be viewed and downloaded from https://pivotalmetals.com/asx-announcements/.

The Company strongly encourages shareholders to lodge a directed proxy form prior to the Meeting. Questions should also be submitted in advance of the Meeting as this will provide management with the best opportunity to prepare for the Meeting, for example by preparing answers in advance to shareholders' questions.

To assist the Company in ensuring that the Meeting is held in compliance with the COVID-19 restrictions at the time of the Meeting, it will be helpful for shareholders who wish to attend the Meeting in person to register their attendance by emailing info@pivotalmetals.com by no later than 3:00pm (AWST) on 14 July 2023 ( Attendance Closing Date ). This will greatly assist the Company to manage arrangements for the Meeting to comply with any changes to government restrictions which may apply at the time of the Meeting.

Please find below links to important Meeting documents:  Notice of Meeting and Explanatory Memorandum: https://pivotalmetals.com/asx-announcements/

If you have nominated an email address and have elected to receive electronic communications from the Company, you will also receive an email to your nominated email address with a link to an electronic copy of the important Meeting documents. In order to receive electronic communications from the Company in the future, please update your Shareholder details online at www.automicgroup.com.au and log in with your unique shareholder identification number and postcode (or country for overseas residents), which you can find on your enclosed personalised proxy form. Once logged in you can also lodge your proxy vote online by clicking on the “Vote” tab. If you are unable to access any of the important Meeting documents online, please contact the Company Secretary, Amanda Wilton-Heald, on +61 8 9481 0389 or via email at info@pivotalmetals.com

This announcement is authorised for market release by the board of Directors of the Company.

Yours faithfully

Amanda Wilton-Heald Company Secretary

Pivotal Metals Limited ABN: 49 623 130 987

Registered Address: Level 32, 71 Eagle Street, Brisbane QLD 4000 AUSTRALIA Business Address: Level 8, London House, 216 St Georges Terrace, Perth WA 6000 AUSTRALIA Postal Address: GPO Box 2517 Perth WA 6831 AUSTRALIA

P: +61 8 9481 0389 F: +61 8 9463 6103 E: info@pivotalmetals.com W: www.pivotalmetals.com