Appendix 3Y Change of Director's Interest Notice

Appendix 3Y

Rule 3.19A.2

For personal use only

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 West African Resources Limited

ABN

70 121 539 375

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

Rodney L Leonard

Date of last notice

4 February 2022

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

Registered holder: Caddy Fox Pty Ltd

(including registered holder)

No 2 a/c>

Note: Provide details of the circumstances giving

Relevant interest: Director and shareholder

rise to the relevant interest.

Date of change

10 February 2022

No. of securities held prior to

Indirect

change

115,188 Ordinary Shares (WAF)

Class

Ordinary Shares and Performance Rights

Number acquired

80,000 - Ordinary Shares

26,203 - Performance Rights

Number disposed

Nil

Value/Consideration

Ordinary Shares: $100,000 ($1.25 per share)

Note: If consideration is non-cash, provide details

Performance Rights: Nil

and estimated valuation

No. of securities held after

Indirect

change

1) 195,188 Ordinary Shares (WAF)

2) 26,203 Performance Rights (in lieu of 30% of 2022

Director fees)

Exercise price: Nil

Subject to service conditions

Expiry: 10 February 2024

  • See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1

For personal use only

Appendix 3Y

Change of Director's Interest Notice

Nature of change

Issue of shares under Tranche 2 placement and issue of

Example: on-market trade, off-market trade,

Performance Rights

exercise of options, issue of securities under

dividend reinvestment plan, participation in buy-

back

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

N/A

Name of registered holder

N/A

(if issued securities)

Date of change

N/A

No. and class of securities to

N/A

which interest related prior to

change

Note: Details are only required for a contract in

relation to which the interest has changed

Interest acquired

N/A

Interest disposed

N/A

Value/Consideration

N/A

Note: If consideration is non-cash, provide details

and an estimated valuation

Interest after change

N/A

Part 3 - +Closed period

Were the interests in the securities or contracts No

detailed above traded during a +closed period where prior written clearance was required?

If so, was prior written clearance provided to allow N/A the trade to proceed during this period?

If prior written clearance was provided, on what N/A date was this provided?

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director's Interest Notice

Appendix 3Y

Rule 3.19A.2

For personal use only

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 West African Resources Limited

ABN

70 121 539 375

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

Nigel Arthur Spicer

Date of last notice

30 November 2021

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

Registered holder: Minesure Pty Ltd

(including registered holder)

Relevant interest: Director and shareholder

Note: Provide details of the circumstances giving

rise to the relevant interest.

Date of change

10 February 2022

No. of securities held prior to

Indirect

change

1) 84,911 Ordinary Shares (WAF)

2) 22,277 Performance Rights (in lieu of 2021 Director fees)

Exercise price: Nil

Subject to service conditions

Expiry: 22 January 2023

Class

Performance Rights

Number acquired

20,963

Number disposed

Nil

Value/Consideration

Nil

Note: If consideration is non-cash, provide details

and estimated valuation

No. of securities held after

Indirect

change

1) 84,911 Ordinary Shares

  • See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1

For personal use only

Appendix 3Y

Change of Director's Interest Notice

2) 22,277 Performance Rights (in lieu of 30% of 2021

Director fees)

Exercise price: Nil

Subject to service conditions

Expiry: 22 January 2023

3) 20,963 Performance Rights (in lieu of 30% of 2022

Director fees)

Exercise price: Nil

Subject to service conditions

Expiry: 10 February 2024

Nature of change

Issue of Performance Rights

Example: on-market trade, off-market trade,

exercise of options, issue of securities under

dividend reinvestment plan, participation in buy-

back

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

N/A

Name of registered holder

N/A

(if issued securities)

Date of change

N/A

No. and class of securities to

N/A

which interest related prior to

change

Note: Details are only required for a contract in

relation to which the interest has changed

Interest acquired

N/A

Interest disposed

N/A

Value/Consideration

N/A

Note: If consideration is non-cash, provide details

and an estimated valuation

Interest after change

N/A

Part 3 - +Closed period

Were the interests in the securities or contracts No

detailed above traded during a +closed period where prior written clearance was required?

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

For personal use only

Appendix 3Y

Change of Director's Interest Notice

If so, was prior written clearance provided to allow N/A the trade to proceed during this period?

If prior written clearance was provided, on what N/A date was this provided?

  • See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3

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West African Resources Limited published this content on 14 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2022 09:02:02 UTC.