TERRA METALS LIMITED — Director's Dealing 2018

Dec 11, 2018

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 30/9/2001.

Name of entity	Paringa Resources Limited
ABN	44 155 933 010

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director Date of appointment	Egan J. ANTILL
	December 12, 2018

Part 1 - Director’s relevant interests in securities of which the director is the registered holder 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.

Number & class of securities

5,500,000 unlisted performance rights (subject to various coal production performance conditions to be satisfied prior to the relevant expiry dates between December 31, 2020 and December 31, 2021)

575,000 unlisted incentive options (each exercisable at A$0.30 on or before December 31, 2023 and which vest after 3 years’ service)

575,000 unlisted incentive options (each exercisable at A$0.40 on or before December 31, 2023 and which vest after 3 years’ service)

575,000 unlisted incentive options (each exercisable at A$0.50 on or before December 31, 2023 and which vest after 3 years’ service)

575,000 unlisted incentive options (each exercisable at A$0.60 on or before December 31, 2023 and which vest after 3 years’ service)

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest. Nil	Number & class of Securities

Part 3 – 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	Not applicable
Nature of interest	Not applicable
Name of registered holder (if issued securities)	Not applicable
No. and class of securities to which interest relates	Not applicable

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002