RAPTOR METALS LTD — Director's Dealing 2023

Oct 29, 2023

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 Eastern Metals Limited
ABN 29 643 902 943

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	Robert Duffin
Date of last notice	19 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.

Directorindirectinterest	Indirect
Natureofindirectinterest(includingregistered holder)Note: Provide details of thecircumstances giving rise to therelevant interest.	Entities controlled by, or related to, Mr Duffin
Date of change	25 October 2023
No. of securities heldprior to change	Name of holder &nature of interest	Number & class of Securities
	IrrawaddyInvestments Pty Ltd	2,500,000 fully paid ordinary shares (subject toASX escrow for 24 months to 25 October 2023)
	Rec InvestmentManagement Pty Ltd	13,666,667 fully paid ordinary shares (8,166,667subject to ASX escrow for 24 months to 25October 2023)
	IrrawaddyInvestments Pty Ltd	1,000,000 unlisted options, exercisable at $0.30each before 25 October 2024 (subject to ASXescrow for 24 months to 25 October 2023)
	Rec InvestmentManagement Pty Ltd	1,000,000 unlisted options, exercisable at $0.10each before 9 June 2026
Class	Ordinary fully paid sharesUnlisted options, exercisable at $0.30 each before 25 October 2024
Number acquired	Nil
Number disposed	Nil

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is noncash,providedetailsandestimated valuationNo. of securities held	NilName of holder &	Number & class of Securities
after change	nature of interest
	IrrawaddyInvestments Pty Ltd	2,500,000 fully paid ordinary shares
	Rec InvestmentManagement Pty Ltd	13,666,667 fully paid ordinary shares
	IrrawaddyInvestments Pty Ltd	1,000,000 unlisted options, exercisable at $0.30each before 25 October 2024
	Rec InvestmentManagement Pty Ltd	1,000,000 unlisted options, exercisable at $0.10each before 9 June 2026
Nature of changeExample: on-market trade, offmarkettrade,exerciseofoptions, issue ofsecuritiesunder dividend reinvestmentplan, participation in buy-back	Expiry of ASX mandatory escrow for 24 months to 25 October 2023

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.

None
Not applicable
Not applicable
Not applicable
Not applicable
Not applicable
Not applicable
Not applicable

Part 3 – +Closed period

Were the interests in the securities or contracts+closed perioddetailed above traded during awhere prior written clearance was required?	No
If so, was prior written clearance provided to allowthe trade to proceed during this period?	Not applicable
If prior written clearance was provided, on whatdate was this provided?	Not applicable

+ See chapter 19 for defined terms.