RAPTOR METALS LTD — Director's Dealing 2024

Feb 27, 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 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	30 October 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.

Directinterest	or	indirect	Indirect
Nature	of	indirect
interest
(includingregistered holder)			Entities controlled by, or related to, Mr Duffin
Note: Provide details of the
circumstances giving rise to the
relevant interest.
Date of change			27 February 2024
No. of securities held			Name of holder & nature	Number & class of Securities
prior to	change		of interest
				Class		Number
			Irrawaddy Investments PtyLtd <Duffin FamilyA/C>	Shares		2,500,000
			Rec InvestmentManagement PtyLtd	Shares		13,666,667
				Total		16,166,667
			Irrawaddy Investments Pty	Unlisted options,
			Ltd <Duffin Family A/C>	exercisable at $0.30 each		1,000,000
				before 25 October 2024
			Rec Investment	Unlisted options,
			Management Pty Ltd	exercisable at $0.10 each		1,000,000
				before 9 June 2026
Class			Ordinary fully paid shares (Shares)
Number	acquired		1,000,000
Number	disposed		Nil

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration	Value/Consideration	Value/Consideration	Value/Consideration	Value/Consideration	Priceper Share		Number of Shares	Number of Shares
Note: If consideration is non-cash,providedetailsand					$0.0350			400,000
estimated valuation					$0.0348			600,000
					Total			1,000,000
No. of securities held					Name of holder & nature		Number & class of Securities
after	change				of interest
						Class		Number
					Irrawaddy Investments
					Pty Ltd <Duffin FamilyA/C>	Shares		2,500,000
					Rec InvestmentManagement Pty Ltd	Shares		14,666,667
						Total		17,166,667
					Irrawaddy Investments	Unlisted options,
					Pty Ltd <Duffin FamilyA/C>	exercisable at $0.30 eachbefore 25 October 2024		1,000,000
					Rec Investment	Unlisted options,
					Management Pty Ltd	exercisable at $0.10 eachbefore 9 June 2026		1,000,000
Nature of change
Example: on-market			trade, off-
market	trade,	exercise		of	On market trades
options,	issueof		securities
under	dividend	reinvestment
plan, participation		in	buy-back

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 related prior to
change	Not applicable
Note: Details are only required for a contract in relation to which the interest has changed
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

Part 3 –+Closed period
Were the interests in the securities or contracts detailed
above traded during a+closed period where prior written	No
clearance was required?
If so, was prior written clearance provided to allow the tradeto proceed during this period?	Not applicable
If prior written clearance was provided, on what date wasthis provided?	Not applicable

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011