QEM LIMITED — Director's Dealing 2024

May 29, 2024

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	QEM Limited
ABN	13 167 966 770

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	David Fitch
Date of last notice	16 April 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 relevant interest.	DL Fitch Nominees Pty Ltd (Director and Shareholder) DLFCMS Nominees Pty Ltd (Director and Shareholder) DAVRAC Investments Pty Ltd (Director and Shareholder) CL Fitch Pty Ltd (Director and Shareholder) ER Fitch Pty Ltd (Director and Shareholder)
Date of change	28 & 29 May 2024

• 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	20,896,149 Ordinary Shares 2,415,229 Ordinary Shares 5,786,822 Ordinary Shares 5,242,225 Ordinary shares 1,000,000 Unquoted options ($0.345 @ 12-Aug-25) 100,000 Performance rights (3 years’ service, expire 26-Aug-26) 50,000 Performance rights ($0.40 share price, expire 26-Aug-26) 100,000 Performance rights (Strategic Investor, expire 26-Aug-27) 9,800,366 Ordinary Shares 44,140,791 Ordinary shares 1,000,000 Unquoted options ($0.345 @ 12-Aug-25) 250,000 Performance rights
DL Fitch Nominees Pty Ltd Family Trust>
DLFCMS Nominees Pty Ltd Property Trust>
DAVRAC Investments Pty Ltd Superfund>
CL Fitch Pty Ltd Trust>
ER Fitch Pty Ltd Trust>
Total
Class	Ordinary Shares
Number acquired	78,902 Ordinary Shares
DL Fitch Nominees Pty Ltd Family Trust>
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	28-May = 51,202 * $0.155 29-May = 27,700 * $0.16

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	20,975,051 Ordinary Shares 2,415,229 Ordinary Shares 5,786,822 Ordinary Shares 5,242,225 Ordinary shares 1,000,000 Unquoted options ($0.345 @ 12-Aug-25) 100,000 Performance rights (3 years’ service, expire 26-Aug-26) 50,000 Performance rights ($0.40 share price, expire 26-Aug-26) 100,000 Performance rights (Strategic Investor, expire 26-Aug-27) 9,800,366 Ordinary Shares 44,219,693 Ordinary shares 1,000,000 Unquoted options ($0.345 @ 12-Aug-25) 250,000 Performance rights
DL Fitch Nominees Pty Ltd Family Trust>
DLFCMS Nominees Pty Ltd Property Trust>
DAVRAC Investments Pty Ltd Superfund>
CL Fitch Pty Ltd Trust>
ER Fitch Pty Ltd Trust>
Total
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On market trades

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

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 trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

On behalf of the Board DP Cornish Company Secretary 30 May 2024

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011