WESTERN YILGARN NL — Director's Dealing 2016

Nov 27, 2016

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: IRON MOUNTAIN MINING LIMITED ABN: 62 112 914 459

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 Brett Sidney Smith

Date of last notice 23 January 2015

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.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Feliz (WA) Pty Ltd A/C> - a trust of which the spouse of Mr Smith is a sole Director
Date of change	25 November 2016
No. of securities held prior to change	A. 1,351,713

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	A. Ordinary Fully paid shares B. Options exercisable at $0.08 on or before 1 December 2019. C. Performance rights which will each vest to (1) share on either: i) Commencement of mining at the Nendo Project; or ii) Disposal of the Nendo Project for no less than AUD$25m (being a net amount of AUD$12.5 to Iron Mountain Mining Limited for its 50% interest in AU Capital Mining Pty Ltd. with an expiry date of 1 December 2019
Number acquired	A. Nil B. 2,500,000 C. 3,000,000
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	A. 1,351,713 B. 2,500,000 C. 3,000,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Options and performance rights issued pursuant to a resolution approved at the Annual General Meeting on 25.11.16

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	-
Nature of interest	-
Name of registered holder (if issued securities)	-

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Date of change	-
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	-
Interest acquired	-
Interest disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	-
Interest after change	-

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 **clearance was required? **	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3