VOLTAIC STRATEGIC RESOURCES LTD — Director's Dealing 2024

Jan 1, 2024

Voltaic Strategic Resources Limited ABN 66 138 145 114 Suite 2, 38 Colin Street West Perth WA 6005

ASX: VSR +61 8 6245 9821 info@voltaicreso urces.com

voltaicresources.com

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ASX Release

2 January 2024

Appendix 3Z – Simon Adams

Voltaic Strategic Resources Ltd (‘Voltaic’ or the ‘Company’) (ASX: VSR) provides details of the securities held by Simon Adams at the date of his formal resignation as Director of the Board being 31 December 2023. A copy of the required Appendix 3Z is attached.

Release authorised by the Board of Voltaic Strategic Resources Ltd.

For more information, please contact:

MICHAEL WALSHE SIMON ADAMS Chief Executive Officer Company Secretary Phone: +61 8 6245 9821 Phone +61 439 845 435 michael.walshe@voltaicresources.com simon.adams@voltaicresources.com

About Voltaic Strategic Resources

Voltaic Strategic Resources Limited explore for the next generation of mines that will produce the metals required for a cleaner, more sustainable future where transport is fully electrified, and renewable energy represents a greater share of the global energy mix.

The company has a strategically located critical metals portfolio led by lithium, rare earths, base metals, and gold across two of the world’s most established mining jurisdictions: Western Australia & Nevada, USA.

Voltaic is led by an accomplished corporate and technical team with extensive experience in REEs, lithium and other critical minerals, and a strong skillset in both geology and processing / metallurgy.

Appendix 3Z Final Director’s Interest Notice

Rule 3.19A.3

Appendix 3Z

Final 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	VOLTAIC STRATEGIC RESOURCES LIMITED
ABN	66 138 145 114

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director Date of last notice Date that director ceased to be director	Simon Adams
	2 August 2023
	31 December 2023

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

Ordinary Shares (ASX: VSR)	3,412,030
Options (ASX: VSRO)	54,000
Options (Exercise price $0.03, Exp 5/10/2025)	833,334
Options (Exercise price $0.04, Exp 5/10/2026)	833,334
Performance Rights – Class 2A (Refer Appendix 1)	1,250,000
Performance Rights – Class 2B (Refer Appendix 1)	1,250,000
Performance Rights – Class 2C (Refer Appendix 1)	1,250,000
Performance Rights – Class 2D (Refer Appendix 1)	1,250,000

• See chapter 19 for defined terms.

Appendix 3Z Page 2

11/3/2002

Appendix 3Z Final Director’s Interest Notice

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

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.

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	Number & class of securities Nil

Part 3 – Director’s interests in contracts

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A

• See chapter 19 for defined terms.

Appendix 3Z Page 3

11/3/2002

Appendix 3Z Final Director’s Interest Notice

Appendix 1 Performance Rights Details

Class	Number of Performance Rights	Milestone	Expiry Date
2A	1,250,000	The Company’s VWAP being at least $0.10 over 5 consecutive trading days on which the Company’s Shares have actually traded (commencing after the date of the Meeting).	2 years from the date of issue
2B	1,250,000	The Company’s VWAP being at least $0.15 over 5 consecutive trading days on which the Company’s Shares have actually traded (commencing after the date of the Meeting).	3 years from the date of issue
2C	1,250,000	Upon satisfaction of any the following milestones:  Delineation of a JORC Code 2012 compliant inferred resource of no less than 10 million tonnes @ a cut-off of grade no less than 0.80% Li2O on any one of the Company's current or future projects or aggregated across all the Company’s Projects; or  Delineation of a JORC Code 2012 compliant inferred clay hosted Rare Earth Elements (REE) resource of no less than 25 million tonnes @ a cut-off grade of no less than 700 parts per million (ppm) on any one of the Company’s current or future projects or aggregated across all the Company’s Projects; or  Delineation of a JORC Code 2012 compliant inferred hard rock hosted Rare Earth Elements (REE) resource of no less than 10 million tonnes @ a cut- off grade of no less than 0.6% Total Rare Earth Oxide (TREO) on any one of the Company's current or future projects or aggregated across all the Company’s Projects; or  The completion of an acquisition or disposal of a Li2O or REE mining project with a net present value at the time of the transaction being closed of no less than $100,000,000 where the NPV will be calculated using the following formula:	5 years from the date of issue

• See chapter 19 for defined terms.

Appendix 3Z Page 4

11/3/2002

Appendix 3Z Final Director’s Interest Notice

Class	Number of Performance Rights	Milestone		Expiry Date
		NPV = Rt (1 + i)t Where: Rt= net cash flow at time (t). i = discount rate (weighted average cost of capital being the average cost the company pays for capital from borrowing or selling equity). t = time of the cash flow for the duration of the transaction.
2D	1,250,000	Upon satisfaction of any the following milestones:  Delineation of a JORC Code 2012 compliant inferred resource of no less than 20 million tonnes @ a cut-off of no less than 0.80% Li2O on any one of the Company's current or future projects or aggregated across all the Company’s Projects; or  Delineation of a JORC Code 2012 compliant inferred clay hosted Rare Earth Elements (REE) resource of no less than 50 million tonnes @ a cut-off grade of no less than 700 parts per million (ppm) on any one of the Company's current or future projects or aggregated across all the Company’s Projects; or  Delineation of a JORC Code 2012 compliant inferred hard rock hosted Rare Earth Elements (REE) resource of no less than 20 million tonnes @ a cut- off grade of no less than 0.6% Total Rare Earth Oxide (TREO) on any one of the Company's current or future projects or aggregated across all the Company’s Projects; or  The completion of an acquisition or disposal of a mining project with a net present value of no less than $200,000,000 where the NPV will be calculated using the following formula: NPV = Rt (1 + i)t		5 years from the date of issue

• See chapter 19 for defined terms.

Appendix 3Z Page 5

11/3/2002

Appendix 3Z Final Director’s Interest Notice

Class	Number of Performance Rights	Milestone	Expiry Date
		Where: Rt= net cash flow at time (t). i = discount rate (weighted average cost of capital being the average cost the company pays for capital from borrowing or selling equity). t = time of the cash flow for the duration of the transaction.

• See chapter 19 for defined terms.

Appendix 3Z Page 6

11/3/2002