Tennant Minerals : Notice of Annual General Meeting/Proxy Form

ANNUAL GENERAL MEETING

4 January 2022

onlyDear Shareholder

The 2021 Annual General Meeting ('AGM') of the shareholders of Tennant Minerals Limited ("the Company") will be held virtually on 31 January 2022 at 12.00 pm (WST).

useThe AGM will be conducted by way of a live video conference. Shareholders are strongly encouraged to vote by lodging a directed proxy appointing the Chair as early as possible and in any event prior to the cut-off for proxy voting as set out in the Notice of Meeting (being 12.00pm WST on, 29 January 2022). Instructions for lodging proxies are included on your personalised proxy form enclosed with this letter. Shareholders attending the virtual AGM will be able to vote online if they haven't lodged a proxy form or wish to amend their voting preference at the time of the AGM.

Shareholders will be able to view and download the Meeting Materials online from the Company's website, personalwww.tennantminerals.com. If you have nominated an email address with the Company's Share Registry, Advanced Share Registry Limited, and have elected to receive electronic communications you will receive an email to your

nominated email address with a link to the electronic copy of the Meeting Materials.

Participation in the virtual meeting and electronic voting will be offered through Advanced Share Registry's virtual meeting platform: advancedshare.com.au/virtual-meeting.Please refer to the Meeting ID and Shareholder ID on your proxy form to login to the website.

Discussion will be held on all items to be considered at the AGM and shareholders will have a reasonable opportunity to ask questions during the AGM via the virtual AGM platform, including an opportunity to ask questions of the Company's external auditor. Shareholder questions should be stated clearly and should be relevant to the business of the meeting, including matters arising from the Financial Report, Directors' Report (including the Remuneration Report) and Auditor's Report or any of the other AGM Resolutions as listed on the Notice of Annual General Meeting. Shareholders can login to the virtual meeting portal and ask question online under the Q&A section.

All resolutions for the 2021 AGM will be decided on a poll (based on votes submitted by proxy and by Shareholders Forparticipating in the online poll). Advanced Share Registry Services will be facilitating the voting. We strongly encourage shareholders to submit their proxies as early as possible. We recommend logging into the online platform, using the

instructions provided, at least 15 minutes prior to the scheduled start time for the AGM.

Yours faithfully

Stuart Usher

Company Secretary

For personal use only

TENNANT MINERALS LIMITED

ACN 086 471 007

NOTICE OF ANNUAL GENERAL MEETING

Notice is given that the Meeting will be held at:

TIME:12 pm (Perth time)

DATE:

31 January 2022

PLACE: Virtually

The business of the Meeting affects your shareholding and your vote is important.

This Notice of Meeting should be read in its entirety. If Shareholders are in doubt as to how they should vote, they should seek advice from their professional advisers prior to voting.

The Directors have determined pursuant to Regulation 7.11.37 of the Corporations Regulations 2001 (Cth) that the persons eligible to vote at the Meeting are those who are registered Shareholders at 5pm (Perth time) on29 January 2022.

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BUSINESS OF THE MEETING

AGENDA

1. FINANCIAL STATEMENTS AND REPORTS
   To receive and consider the annual financial report of the Company for the financial year ended 30 June 2021 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report.
2. RESOLUTION 1 - ADOPTION OF REMUNERATION REPORT

To consider and, if thought fit, to pass, with or without amendment, the following resolution as a non-bindingresolution:

"That, for the purposes of section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption of the Remuneration Report as contained in the Company's annual financial report for the financial year ended 30 June 2021."

Note: the vote on this Resolution is advisory only and does not bind the Directors or the Company.

A voting prohibition statement applies to this Resolution. Please see below.

3. RESOLUTION 2 - RE-ELECTION OF DIRECTOR - NEVILLE BASSETT

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:

"That, for the purpose of clause 14.2 of the Constitution, Listing Rule 14.5 and for all other purposes, Neville Bassett, a Director, retires by rotation, and being eligible, is re-elected as a Director."

4. RESOLUTION 3 - RE-ELECTION OF DIRECTOR - GINO D'ANNA

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:

"That, for the purpose of clause 14.2 of the Constitution, Listing Rule 14.5 and for all other purposes, Gino D'Anna, a Director, retires by rotation, and being eligible, is re-elected as a Director."

5. RESOLUTION 4 - APPROVAL OF 7.1A MANDATE

To consider and, if thought fit, to pass the following resolution as a special resolution:

"That, for the purposes of Listing Rule 7.1A and for all other purposes, approval is given for the Company to issue up to that number of Equity Securities equal to 10% of the issued capital of the Company at the time of issue, calculated in accordance with the formula prescribed in Listing Rule 7.1A.2 and otherwise on the terms and conditions set out in the Explanatory Statement."

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6. RESOLUTION 5 - RATIFICATION OF PRIOR ISSUE OF PLACEMENT SHARES

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:

"That, for the purposes of Listing Rule 7.4 and for all other purposes, Shareholders ratify the issue of 42,406,439 Shares on the terms and conditions set out in the Explanatory Statement."

A voting exclusion statement applies to this Resolution. Please see below.

7. RESOLUTION 6 - RATIFICATION OF PRIOR ISSUE OF PLACEMENT SHARES

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:

"That, for the purposes of Listing Rule 7.4 and for all other purposes, Shareholders ratify the issue of 7,593,591Shares on the terms and conditions set out in the Explanatory Statement."

A voting exclusion statement applies to this Resolution. Please see below.

8. RESOLUTION 7 - RATIFICATION OF PRIOR ISSUE OF PLACEMENT OPTIONS

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:

"That, for the purposes of Listing Rule 7.4 and for all other purposes, Shareholders ratify the issue of 25,000,000 Options on the terms and conditions set out in the Explanatory Statement."

A voting exclusion statement applies to this Resolution. Please see below.

Dated: 31 December 2021

By order of the Board

Company Secretary

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Voting Prohibition Statements

	Resolution 1 - Adoption of				A vote on this Resolution must not be cast (in any capacity) by or
	Remuneration Report				on behalf of either of the following persons:
					(a)	a member of the Key Management Personnel, details of
						whose remuneration are included in the Remuneration
						Report; or
					(b)	a Closely Related Party of such a member.
					However, a person (the voter) described above may cast a vote on
					this Resolution as a proxy if the vote is not cast on behalf of a person
					described above and either:
					(a)	the voter is appointed as a proxy by writing that specifies
						the way the proxy is to vote on this Resolution; or
					(b)	the voter is the Chair and the appointment of the Chair as
						proxy:
						(i)	does not specify the way the proxy is to vote on
							this Resolution; and
						(ii)	expressly authorises the Chair to exercise the
							proxy even though this Resolution is connected
							directly or indirectly with the remuneration of a
							member of the Key Management Personnel.

Voting Exclusion Statements

In accordance with Listing Rule 14.11, the Company will disregard any votes cast in favour of the Resolution set out below by or on behalf of the following persons:

Resolution 5 - Ratification		The Placement Participants (or their nominee(s)) or any other
of prior issue of Shares		person who participated in the issue or is a counterparty to the
		agreement being approved or an associate of that person or those
		persons.
Resolution 6 - Ratification		The Placement Participants (or their nominee(s)) or any other
of prior issue of Shares		person who participated in the issue or is a counterparty to the
		agreement being approved or an associate of that person or those
		persons.
Resolution 7 - Ratification		The Placement Participants (or their nominee(s)) or any other
of prior issue of Shares and		person who participated in the issue or is a counterparty to the
Options		agreement being approved or an associate of that person or those
		persons.

However, this does not apply to a vote cast in favour of the Resolution by:

1. a person as a proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with the directions given to the proxy or attorney to vote on the Resolution in that way; or
2. the Chair as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with a direction given to the Chair to vote on the Resolution as the Chair decides; or
3. a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met:
4. 1. the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the Resolution; and
   2. the holder votes on the Resolution in accordance with directions given by the beneficiary to the holder to vote in that way.

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