Metals X : Constitution

ASX RELEASE

23 NOVEMBER 2021

only	CONSTITUTION

Attached is the new Constitution of Metals X Limited (Metals X or the Company) that was approved and adopted by shareholders at the Annual General Meeting held today, 23 November 2021.

This announcement has been authorised by the Company Secretary of Metals X Limited. useYours sincerely

Shannon Coates

COMPANY SECRETARY personalFor

CORPORATE DIRECTORY

Level 5, 197 St Georges Terrace	T [phone]
Perth WA 6000 Australia	E [e-mail]
ASX Code: MLX	ABN 25 110 150 055	www.metalsx.com.au

For personal use only

Constitution of Metals X Limited ACN 110 150 055

Corporations Act 2001 (Cth)

A Company Limited by Shares

APPROVED BY SHAREHOLDERS ON 23 NOVEMBER 2021

PERTH		BRISBANE
Level 27, Allendale Square, 77 St Georges Terrace	T [phone]	Level 8, Waterfront Place, 1 Eagle Street	T [phone]
Perth WA 6000 Australia	F [phone]	Brisbane Qld 4000 Australia	F [phone]
PO Box Z 5312, St Georges Terrace, Perth WA 6831 Australia	PO Box 7822, Waterfront Place Qld 4001 Australia
E [e-mail]			www.hopgoodganim.com.au

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Table of Contents
1.	Replaceable Rules .......................................................................................................................	1
2.	Interpretation ................................................................................................................................	1
3.	Registered Office..........................................................................................................................	5
4.	Issue of Shares ............................................................................................................................	5
5.	Preference Shares .......................................................................................................................	5
6.	Convertible Securities ..................................................................................................................	6
7.	Participation of Directors in Share issue ......................................................................................	7
8.	Acceptance of Constitution by Member .......................................................................................	7
9.	Variation of rights .........................................................................................................................	7
10.	Shares held on trust .....................................................................................................................	7
11.	Shareholding statements and certificates ....................................................................................	8
12.	Lien on Share ...............................................................................................................................	9
13.	Sale of Shares subject to lien.....................................................................................................	10
14.	Calls on Shares ..........................................................................................................................	10
15.	Forfeiture of Shares ...................................................................................................................	12
16.	Transfer of Shares......................................................................................................................	14
17.	Transmission of Shares .............................................................................................................	16
18.	Register of Members ..................................................................................................................	17
19.	Alteration of Capital ....................................................................................................................	18
20.	Reduction of Capital ...................................................................................................................	18
21.	Meetings .....................................................................................................................................	18
22.	Quorum at Meetings...................................................................................................................	19
23.	Use of technology at Meetings ...................................................................................................	19
24.	Chairman at Meetings ................................................................................................................	20
25.	Conduct of general Meetings .....................................................................................................	21
26.	Adjournments and postponement of Meetings ..........................................................................	21
27.	Voting rights of Members ...........................................................................................................	22
28.	Poll .............................................................................................................................................	23
29.	Direct Voting...............................................................................................................................	23
30.	Casting vote ...............................................................................................................................	24
31.	Proxies .......................................................................................................................................	24
32.	Powers of attorney .....................................................................................................................	26
33.	Appointing instrument to be deposited with Company ...............................................................	27
34.	Revocation and invalidity of instruments....................................................................................	27
35.	Number of Directors ...................................................................................................................	28
36.	Qualification of Directors, Alternate Directors and Associate Directors .....................................	28
37.	Vacation of office of Director ......................................................................................................	28
38.	Appointment and removal of Directors.......................................................................................	29
39.	Offices of profit in the Company .................................................................................................	29
40.	Term of office of Directors ..........................................................................................................	29
41.	Remuneration of Directors .........................................................................................................	31
42.	Directorships in other companies ...............................................................................................	32
43.	Alternate Directors......................................................................................................................	32
44.	Associate Directors ....................................................................................................................	33
45.	Managing Director ......................................................................................................................	34
46.	Directors' Meetings.....................................................................................................................	35
47.	Chairman of Directors ................................................................................................................	36
48.	Defective appointment of Directors ............................................................................................	37
49.	Delegation to committees of Directors .......................................................................................	37
50.	Minutes of Meetings ...................................................................................................................	37
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Table of Contents
51.	General powers of Directors ......................................................................................................	37
52.	Borrowing powers of Directors ...................................................................................................	38
53.	Interested Directors ....................................................................................................................	39
54.	Directors' material personal interests .........................................................................................	39
55.	Directors' financial benefits ........................................................................................................	39
56.	Local management.....................................................................................................................	39
57.	Attorneys for Company ..............................................................................................................	40
58.	Execution of documentation by Company .................................................................................	40
59.	Bills of Exchange........................................................................................................................	41
60.	Secretary ....................................................................................................................................	41
61.	Public officer ...............................................................................................................................	41
62.	Reserves ....................................................................................................................................	42
63.	Dividends....................................................................................................................................	43
64.	Election to forego cash Dividends ..............................................................................................	44
65.	Dividends in specie ....................................................................................................................	45
66.	Employee bonuses and employee scheme ...............................................................................	46
67.	Capitalisation of profits ...............................................................................................................	46
68.	Accounts.....................................................................................................................................	47
69.	Directors' report ..........................................................................................................................	47
70.	Distribution of accounts ..............................................................................................................	47
71.	Inspection of books of account...................................................................................................	48
72.	Accounts conclusive...................................................................................................................	48
73.	Audit ...........................................................................................................................................	49
74.	Buy-back arrangements .............................................................................................................	49
75.	Sale of less than minimum holding ............................................................................................	49
76.	Fractional entitlements and difficulties .......................................................................................	52
77.	Takeover approval provisions ....................................................................................................	52
78.	Notice to holders ........................................................................................................................	53
79.	Confidential information .............................................................................................................	54
80.	Notices .......................................................................................................................................	55
81.	Overseas Shareholders .............................................................................................................	57
82.	Indemnity and liability of directors and other officers .................................................................	57
83.	Restricted Securities ..................................................................................................................	58
84.	Winding up .................................................................................................................................	58
85.	Supply of documentation to Exchange ......................................................................................	59
86.	Sale of main undertaking ...........................................................................................................	59
87.	Listing and ASX Settlement Operating Rules ............................................................................	59
88.	Foreign listing .............................................................................................................................	60

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Constitution

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Constitution of Metals X Limited ACN 110 150 055

1. Replaceable Rules
   The provisions of the Corporations Act relating to a company's internal management which are described as replaceable rules do not apply to the Company.
2. Interpretation

2.1 In this Constitution, unless a contrary intention appears:

ASIC means the Australian Securities and Investments Commission.

ASTC - Regulated Transfer has the meaning given under regulation 1.0.02 of the Corporations Regulations (refer also to rule 2.10.1 and rule 2.13.1 of the ASX Settlement Operating Rules).

ASX Settlement Operating Rules means the settlement rules of the SCH.

Auditor means the auditor of the Company from time to time.

Business Days has the meaning given to it in the Listing Rules.

Call Notice means a notice given under Rule 15.1.

Capital or Share Capital means the Capital for the time being issued for the purposes of the Company.

CHESS has the meaning given in the ASX Settlement Operating Rules.

CHESS holding has the meaning given to it in the ASTC Settlement Rules.

Claim means any threat, claim or proceedings brought or made by a person against another person relating to or arising from any action, claim, Cost, demand, Damage, debt, expense, Liability, Loss, cause of action or proceeding of any kind, howsoever arising.

Company means Metals X Limited ACN 110 150 055.

Constitution means this Constitution as amended or added to from time to time.

Corporate Representative means an individual appointed as a Representative of a body corporate member of the Company under section 250D of the Corporations Act.

Corporations Act means the Corporations Act 2001 (Cth).

Corporations Regulations means the Corporations Regulations 2001 (Cth) as made under the Corporations Act as amended or replaced from time to time.

Cost includes any cost, charge, expense, outgoing, payment or other expenditure of any nature whatsoever including all legal fees on a full indemnity basis, and whether calculated on a time charge basis or otherwise.

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