On March 22,2024, Sierra Rutile Holdings Limited announced that it has received a notice stated to be under section 249N of the Corporations Act 2001 from Samuel Terry Asset Management Pty Ltd as trustee for Samuel Terry Absolute Return Fund (STAM) which holds at least 5% of the votes that may be cast at a general meeting of the Company. STAM has given notice to the Company that it proposes to move 2 resolutions at the next general meeting of the Company, of which is proposed: (1) for the appointment of David Birrell as director of the Company; (2) for the removal of Gregory Martin as director of the Company. STAM states that the request also constitutes notice for the purposes of section 203D(2) of the Corporations Act.