ADAVALE RESOURCES LIMITED — Capital/Financing Update 2025

Mar 18, 2025

Appendix 2A - Application for quotation of securities

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Announcement Summary

Entity name

ADAVALE RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday March 19, 2025

The +securities to be quoted are: Other

Please refer to the response to Q2.3d for further information about the type of securities to be quoted and the circumstances of the issue.

Quotation of ADDAAH - Option Expiring 31 December 2027 Ex $0.005. Previously advised in Appendix 3B in November 2024.

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
New class - code	ADDAAH - Option Expiring 31 Dec 2027 Ex	912,680,522	19/03/2025
to be confirmed	$0.005

Refer to next page for full details of the announcement

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Appendix 2A - Application for quotation of securities

Part 1 - Entity and announcement details

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1.1 Name of entity

ADAVALE RESOURCES LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ACN

Registration number

008719015

1.3 ASX issuer code

ADD

1.4 The announcement is

New announcement

1.5 Date of this announcement

19/3/2025

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Appendix 2A - Application for quotation of securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are: Other

Please refer to the response to Q2.3d for further information about the type of securities to be quoted and the circumstances of the issue.

2.2 The +class of +securities to be quoted is:

New +securities in a class that is not yet quoted on ASX ("new class")

2.3c Have these +securities been offered under a +disclosure document or +PDS? No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Quotation of ADDAAH - Option Expiring 31 December 2027 Ex $0.005. Previously advised in Appendix 3B in November 2024.

2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

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Appendix 2A - Application for quotation of securities

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Part 3C - number and type of +securities to be quoted (new class) where issue has not previously been notified to ASX in an Appendix 3B

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New +securities
ASX +security code +Security description
New class - code to be confirmed ADDAAH - Option Expiring 31 Dec 2027 Ex $0.005
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ASX +security code New class - code to be confirmed		+Security description ADDAAH - Option Expiring 31 Dec 2027 Ex $0.005
+Security type		ISIN code
Options
Issue date
19/3/2025
Will all the +securities issued in this class rank equally in all respects from the issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
Yes
Distribution Schedule
Provide a distribution schedule for the new +securities according to the categories set out in the left hand column -
including the number of recipients and the total percentage of the new +securities held by the recipients in each
category.
		Total percentage of +securities held
Number of +securities held	Number of holders	For example, to enter a value of 50%
		please input as 50.00
1 - 1,000		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over		%
Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.00500000	31/12/2027

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Appendix 2A - Application for quotation of securities

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Details of the type of +security that will be issued if an option is exercised

ADD : ORDINARY FULLY PAID

Number of +securities that will be issued if an option is exercised

1 Fully Paid Ordinary Share

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities to be quoted or provide the information by separate announcement.

Issue details

Number of +securities to be quoted

912,680,522 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities

Options were previously issued as part of Placement (free attaching), Lead Manager Options, and Advisor Options.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.000000

Any other information the entity wishes to provide about the +securities to be quoted

The purpose(s) for which the entity is issuing the securities

Other

Please provide additional details

Options were previously issued as part of Placement (free attaching), Lead Manager Options, and Advisor Options. Company is seeking quotation on these unlisted options previously issued.

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Appendix 2A - Application for quotation of securities

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Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

+securities subject of this application)
	Total number of
ASX +security code and description	+securities on issue
ADD : ORDINARY FULLY PAID	2,287,279,222
ADDOA : OPTION EXPIRING 31-DEC-2025	542,720,571
New class - code to be confirmed : ADDAAH - Option Expiring 31 Dec 2027 Ex $0.005	912,680,522

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
ADDAAH : OPTION EXPIRING 31-DEC-2027 EX $0.005	912,680,522
ADDAAI : OPTION EXPIRING 15-OCT-2029 EX $0.006	300,000,000
ADDAAJ : OPTION EXPIRING 15-OCT-2029 EX $0.012	300,000,000
ADDAAE : OPTION EXPIRING 03-AUG-2025 EX $0.03	5,000,000
ADDAAB : PERFORMANCE RIGHTS	177,750,000

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Appendix 2A - Application for quotation of securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

16/1/2025

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