Form of Proxy

AUSTRALIAN STRATEGIC MATERIALS LTD

Notes

BD Client Code:

Client Name:

Number of Shares Held in a BD Nominee Company:

No.	Proposition		For	Against	Abstain
1	ADOPTION OF REMUNERATION REPORT
2	RE-ELECTION OF DIRECTOR - MR GAVIN SMITH
3	RE-ELECTION OF DIRECTOR - MS KERRY GLEESON
4	ELECTION OF DIRECTOR - MR DOMINIC HEATON
5	ISSUE OF SHORT-TERM PERFORMANCE RIGHTS TO ROWENA SMITH
6	ISSUE OF LONG-TERM PERFORMANCE RIGHTS TO ROWENA SMITH
7	APPROVAL OF 10% ADDITIONAL PLACEMENT CAPACITY
8	RENEWAL OF PROPORTIONAL TAKEOVER PROVISIONS