RAPTOR METALS LTD — Director's Dealing 2023

Jun 18, 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(Bob) Duffin
Date of last notice	6 December 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.

Directorindirectinterest	Indirect
Natureofindirectinterest(includingregistered holder)Note: Provide details of thecircumstances giving rise to therelevant interest.	Entitiescontrolled by,or related to,Mr Duffin
Date of change	19 June 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	11,666,667 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)
Class	Ordinary fully paid shares(Shares)
	Unlisted Optionsexerciseprice $0.10 expiry 9 June 2026
Number acquired	Equity Security	Number
	Shares	2,000,000
	Unlisted Optionsexercise price $0.10expiry 9 June 2026	1,000,000

+ See chapter 19 for defined terms.

Number disposed	Nil
Value/ConsiderationNote: If consideration is noncash,providedetailsandestimated valuation	$0.05eachShare
No. of securities held	Name of holder &	Number & class of Securities
after change	nature of interest
	Irrawaddy	2,500,000 fully paid ordinary shares (subject to
	Investments Pty Ltd	ASX escrow for 24 months to 25 October 2023)
	Rec Investment	13,666,667 fully paid ordinary shares (8,166,667
	Management Pty Ltd	subject to ASX escrow for 24 months to 25October 2023)
	Irrawaddy	1,000,000 unlisted options, exercisable at $0.30
	Investments Pty Ltd	each before 25 October 2024 (subject to ASX
		escrow for 24 months to 25 October 2023)
	Rec Investment	1,000,000 unlisted options, exercisable at $0.10
	Management Pty Ltd	each before 9 June 2026
Nature of changeExample: on-market trade, off	Issue of Equity Securities under a non-renounceable rights issue.
markettrade,exerciseofoptions, issue ofsecurities	Refer Prospectus dated 5 May 2023 (ASX:EMS 5 May 2023
under dividend reinvestmentplan, participation in buy-back	"Entitlement Issue Prospectus")

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	None
Nature of interest	Not applicable
Name of registered holder(if issued securities)	Not applicable
Date of change	Not applicable
No. and class of securities to which interest relatedprior to changeNote: Details are only required for a contract in relation to which the interest haschanged	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/ConsiderationNote: If consideration is non-cash, provide details and an estimated valuation	Not applicable
Interest after change	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.