Announcement PDF ASX Announcement | 24 December 2024 Variscan Mines Limited (ASX:VAR) Notification of Directors Interests & Lapse of Options Variscan Mines Limited (ASX:VAR) (“Variscan” or “the Company”) advises changes to Director’s Interests for each of the Company’s Directors as disclosed in the attached Appendix 3Ys, relating to the issue of securities as approved at the Company’s Annual General Meeting held on 29 November 2024. The Company also advises the lapse of the following options which have expired unexercised: - 2,500,000 unquoted options exercisable at $0.12 on or before 30 September 2024 4,000,000 unquoted options exercisable at $0.045 on or before 30 November 2024 4,000,000 unquoted options exercisable at $0.055 on or before 30 November 2024 4,000,000 unquoted options exercisable at $0.065 on or before 30 November 2024 The Company advises it is aware of its listing rule obligations in relation to these disclosures and specifically listing rules 3.19A and 3.19B. In this respect, the Company makes the following statements about the attached Appendix 3Ys for Messrs Dickson, Wehby, Farr-Jones and Bierlein. 1. 2. 3. The Appendix 3Y is being filed to advise of the expiry or lapse of options which occurred on 30 November 2024 (in addition to the other issues of securities, which occurred on 17 December 2024); The Company has informed all Directors of the disclosure requirements set out in the listing rules 3.19, 3.19B and s205G of the Corporations Act. In addition, the Company has adopted a Securities Trading Policy which has been disclosed to the market and outlines the requirements for disclosure and approval of all securities trading; and The Company is confident that the arrangements it has in place are adequate and does not believe that any additional steps are required to ensure ongoing compliance with listing rule 3.19B. This announcement has been authorised for issue by Mark Pitts, Company Secretary, Variscan Mines Limited. For further information, please contact: Variscan Mines Limited (ASX:VAR) Stewart Dickson Managing Director & CEO E: stewart.dickson@variscan.com.au T: +44 (0) 7799 694195 Media & Investor Enquiries The Capital Network Julia Maguire E: julia@thecapitalnetwork.com.au P: +61 2 8999 3699 About Variscan Mines Limited (ASX:VAR) Variscan Mines Limited (ASX:VAR) is a growth oriented, natural resources company focused on the acquisition, exploration and development of high-quality strategic mineral projects. The Company has compiled a portfolio of high-impact base-metal interests in Spain, Chile and Australia. Its primary focus is the development of its advanced zinc projects in Spain. The Company’s name is derived from the Variscan orogeny, which was a geologic mountain building event caused by Late Paleozoic continental collision between Euramerica (Laurussia) and Gondwana to form the supercontinent of Pangea. To learn more, please visit: www.variscan.com.au For more information Follow us on LinkedIn Follow us on Twitter Visit our investor website: www.variscan.com.au 2 Appendix 3Y Change of Director’s Interest Notice Appendix 3Y Rule 3.19A.2 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: Variscan Mines Limited ABN 16 003 254 395 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 Stewart Dickson Date of last notice 15 December 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. Direct or indirect interest Nature of indirect interest (including registered holder) Indirect Note: Provide details of the circumstances giving rise to the relevant interest. Mr Dickson has a relevant interest in securities held by FELDI Limited Date of change a – c) 30 November 2024 d - f) 17 December 2024 Indirect FELDI Limited No. of securities held prior to change FELDI Limited 13,824,450 shares 1,000,000 unlisted Options exercisable at $0.045 on or before 30 November 2024 1,000,000 unlisted Options exercisable at $0.055 on or before 30 November 2024 1,000,000 unlisted Options exercisable at $0.065 on or before 30 November 2024 + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1 Appendix 3Y Change of Director’s Interest Notice Class a) Unlisted Options exercisable at $0.045 on or before 30 November 2024 b) Unlisted Options exercisable at $0.055 on or before 30 November 2024 Number acquired Number disposed Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation No. of securities held after change c) Unlisted Options exercisable at $0.065 on or before 30 November 2024 d) Ordinary Shares e) Ordinary Shares f) Unlisted Options exercisable at $0.01 on or before 30 November 2026 d) 20,714,286 e) 8,333,334 f) 4,166,667 a) 1,000,000 b) 1,000,000 c) 1,000,000 a - c) Nil d) $0.007 per share e) $0.006 per share f) Nil Indirect FELDI Limited 42,872,070 shares 4,166,667 Unlisted Options exercisable at $0.01 on or before 30 November 2026 Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back a – c) Expiry of options d) In lieu of director’s fees e) In accordance with the terms of the loan agreement with the Company f) Free-attaching options to the shares issued in accordance with the loan agreement. 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 + See chapter 19 for defined terms. Appendix 3Y Page 2 01/01/2011 Appendix 3Y Change of Director’s Interest Notice Name of registered holder (if issued securities) 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 Were the interests in the securities or contracts detailed above N/A traded during a +closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to N/A proceed during this period? If prior written clearance was provided, on what date was this N/A provided? + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3 Appendix 3Y Change of Director’s Interest Notice Appendix 3Y Rule 3.19A.2 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: Variscan Mines Limited ABN 16 003 254 395 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 Anthony Wehby Date of last notice 15 December 2024 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 Nature of indirect interest (including registered holder) Direct and Indirect Note: Provide details of the circumstances giving rise to the relevant interest. Mrs Wehby is the spouse of Anthony Wehby Date of change a – c) 30 November 2024 d - e) 17 December 2024 Direct No. of securities held prior to change Mrs Rosemary A Wehby 500,000 unlisted Options exercisable at $0.045 on or before 30 November 2024 500,000 unlisted Options exercisable at $0.055 on or before 30 November 2024 500,000 unlisted Options exercisable at $0.065 on or before 30 November 2024 Indirect Mrs R Wehby 1,164,461 shares + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1 Appendix 3Y Change of Director’s Interest Notice Class a) Unlisted Options exercisable at $0.045 on or before 30 November 2024 b) Unlisted Options exercisable at $0.055 on or before 30 November 2024 Number acquired Number disposed Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation No. of securities held after change c) Unlisted Options exercisable at $0.065 on or before 30 November 2024 d) Ordinary Shares e) Unlisted Options exercisable at $0.01 on or before 30 November 2026 d) 8,333,334 e) 4,166,667 a) 500,000 b) 500,000 c) 500,000 a - c) Nil d) $0.006 per share e) Nil Indirect Mrs R Wehby 9,497,795 ordinary shares 4,166,667 unlisted options exercisable at $0.01 on or before 30 November 2026 Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back a – c) Expiry of options d) In accordance with the terms of the loan agreement with the Company e) Free-attaching options to the shares issued in accordance with the loan agreement. 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) Date of change + See chapter 19 for defined terms. Appendix 3Y Page 2 01/01/2011 Appendix 3Y Change of Director’s Interest Notice 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 Were the interests in the securities or contracts detailed above N/A traded during a +closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to N/A proceed during this period? If prior written clearance was provided, on what date was this N/A provided? + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3 Appendix 3Y Change of Director’s Interest Notice Appendix 3Y Rule 3.19A.2 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: Variscan Mines Limited ABN: 16 003 254 395 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 Nicholas Farr-Jones Date of last notice 15 December 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. Direct or indirect interest Direct Nature of indirect interest (including registered holder) N/A Note: Provide details of the circumstances giving rise to the relevant interest. Date of change No. of securities held prior to change a – c) 30 November 2024 d - f) 17 December 2024 1,523,955 ordinary shares 500,000 unlisted Options exercisable at $0.045 on or before 30 November 2024 500,000 unlisted Options exercisable at $0.055 on or before 30 November 2024 500,000 unlisted Options exercisable at $0.065 on or before 30 November 2024 + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1 Appendix 3Y Change of Director’s Interest Notice Class a) Unlisted Options exercisable at $0.045 on or before 30 November 2024 b) Unlisted Options exercisable at $0.055 on or before 30 November 2024 Number acquired Number disposed Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation No. of securities held after change c) Unlisted Options exercisable at $0.065 on or before 30 November 2024 d) Ordinary Shares e) Ordinary Shares f) Unlisted Options exercisable at $0.01 on or before 30 November 2026 d) 2,571,428 e) 4,571,429 f) 2,285,714 a) 500,000 b) 500,000 c) 500,000 a - c) Nil d - e) $0.007 per share f) Nil 8,666,812 ordinary shares 2,285,714 Unlisted Options exercisable at $0.01 on or before 30 November 2026 Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back a – c) Expiry of options d) In lieu of director’s fees e) In accordance with the terms of the loan agreement with the Company f) Free-attaching options to the shares issued in accordance with the loan agreement. + See chapter 19 for defined terms. Appendix 3Y Page 2 01/01/2011 Appendix 3Y Change of Director’s Interest Notice 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 N/A Nature of interest Name of registered holder (if issued securities) 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 Were the interests in the securities or contracts detailed above No traded during a +closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to N/A proceed during this period? If prior written clearance was provided, on what date was this N/A provided? + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3 Appendix 3Y Change of Director’s Interest Notice Appendix 3Y Rule 3.19A.2 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: Variscan Mines Limited ABN 16 003 254 395 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 Frank Bierlein Date of last notice 15 December 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. Direct or indirect interest Nature of indirect interest (including registered holder) Direct Date of change No. of securities held prior to change 30 November 2024 Direct N/A Note: Provide details of the circumstances giving rise to the relevant interest. 388,411 Ordinary Shares 500,000 unlisted Options exercisable at $0.045 on or before 30 November 2024 500,000 unlisted Options exercisable at $0.055 on or before 30 November 2024 500,000 unlisted Options exercisable at $0.065 on or before 30 November 2024 + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1 Appendix 3Y Change of Director’s Interest Notice Class Value/Consideration a) unlisted Options exercisable at $0.045 on or before 30 November 2024 b) unlisted Options exercisable at $0.055 on or before 30 November 2024 c) unlisted Options exercisable at $0.065 on or before 30 November 2024 a) 500,000 b) 500,000 c) 500,000 Nil No. of securities held after change Direct Number acquired Number disposed Note: If consideration is non-cash, provide details and estimated valuation 388,411 Ordinary Shares Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back Lapse of expired options 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) 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 + See chapter 19 for defined terms. Appendix 3Y Page 2 01/01/2011 Appendix 3Y Change of Director’s Interest Notice Part 3 – +Closed period Were the interests in the securities or contracts detailed above N/A traded during a +closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to N/A proceed during this period? If prior written clearance was provided, on what date was this N/A provided? + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3