Key Management Appointments

DY6 Metals Ltd (ASX: DY6) (DY6 or the Company) is pleased to announce the appointment of Mr Lloyd Kaiser as the Company’s Chief Executive Officer.

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• Appointment of Mr Lloyd Kaiser as Chief Executive Officer to drive DY6’s growth strategy
• Mr Kaiser is a highly experienced rare earths executive with extensive technology and marketing experience in the industry
• Appointment of Mr Troth Saindi as Senior Exploration Geologist to oversee the Company’s Malawian operations
• Mr Saindi has 15+ years’ experience in exploration and mining, with significant contribution to conversion of both greenfields and brownfields exploration projects into operating mines

Appointment of CEO – Lloyd Kaiser

Mr Kaiser brings a wealth of knowledge and experience in the rare earths sector having recently held the role of General Manager of Sales and Marketing at Arafura Rare Earths Limited (ASX:ARU) where he successfully negotiated binding rare earth offtake agreements with key automotive and wind energy equipment manufacturers. During his 10+ year tenure at Arafura, Mr Kaiser also spent a number of years as General Manager of Technology and Engineering where he successfully delivered technology and process flowsheet development milestones, enabling completion of feasibility and FEED engineering at Arafura’s flagship asset, Nolans Bore, Northern Territory.

Mr Kaiser is a chemical engineer with over 30 years’ experience in the resource sector spanning multiple commodities, and has amassed a large industry network of participants across the rare earths supply chain. Mr Kaiser will commence his role with the Company on 21 August 2023.

Commenting on his appointment, incoming CEO Lloyd Kaiser: “I am very excited to have the opportunity to join DY6 Metals. I will be focused on leading the Company from a relatively new explorer into an innovative mining company that will create value for our stakeholders with the development of strategic critical metal assets.

I commend the DY6 board for the portfolio of projects they have secured and for rapidly advancing to drilling at Machinga. For me, the Machinga HREE + niobium project presents as a fantastic opportunity for the company. While there are numerous explorers and developers focusing on NdPr rare earth projects, there is a lack of quality heavy rare earth projects being developed. Dysprosium and Terbium are vitally important to meet the needs of high strength magnets.”

DY6’s Chairman, Dan Smith, said: “We are extremely fortunate to have secured someone of Lloyd’s experience, capability and drive to DY6 as CEO. Lloyd is a passionate and strategic thinker and a strong and energetic leader who will be a fantastic addition to our senior leadership team. His recent role at Arafura and extensive previous corporate and technical experience has given him an excellent understanding of the rare earths market and developing downstream opportunities. He also has extensive experience in cultivating and maintaining strong stakeholder relationships, including with investors and financial markets.

We are looking forward to the strong leadership and vision that he will bring to help grow and inspire our team, while at the same time unlocking the full value of the assets we already have. With Lloyd and Troth on board, DY6 is in a great position to leverage the highly prospective Machinga and Salambidwe rare earth projects.”

Refer to Annexure A for the material terms of Mr Kaiser’s appointment.

Appointment of Senior Exploration Geologist – Troth Saindi

Mr Saindi’s 15+ years’ experience in the mineral resource sector spans from exploration geology, through to development and production. Mr Saindi commenced with MSA Group Services in 2006, focusing on Gold, PGEs and Base Metal Projects in the Barberton Greenstone Belt and the Bushveld Complex. From 2007 to 2013, Mr Saindi worked with Platinum Group Metals (PTM) Pty Ltd in the Western and Northern Limbs of the Bushveld Complex as a Project Geologist where one of the successes was being a Lead Geologist in the new Waterberg PGE Deposit discovery team, where a high-grade ore seam was named after him (T-Reef). From 2013 to present, Mr Saindi has worked as Group Geologist with AIM- listed Bushveld Minerals Ltd managing several mining and exploration projects.

Mr Saindi will commence his role with the Company on 1 September 2023. As part of the terms of his appointment, Mr Saindi will receive 500,000 Performance Rights, to be issued on the same terms as those to Mr Kaiser (refer to Annexure A for details).

An Appendix 3G in relation to the issue of the Performance Rights follows this announcement.

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