ARUMA RESOURCES LIMITED — Share Issue/Capital Change 2021

Jan 12, 2021

Notification of Consolidation/Split

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

ARUMA RESOURCES LIMITED

Applicable security for the reorganisation

AAJ ORDINARY FULLY PAID AAJAB OPTION EXPIRING 31-JUL-2022 EX 1C AAJAC OPTION EXPIRING 30-SEP-2023 EX $0.0117

Announcement Type

Update to previous announcement

Date of this announcement

Wednesday January 13, 2021

Reason for the Update

Shareholders approved the consolidation of capital at the General Meeting held 13 January 2021.

Refer to below for full details of the announcement

Notification of Consolidation/Split

1 / 5

Notification of Consolidation/Split

==> picture [21 x 22] intentionally omitted <==

Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

ARUMA RESOURCES LIMITED

1.2 Registered Number Type Registration Number ABN 77141335364

1.3 ASX issuer code

AAJ

1.4 The announcement is

==> picture [8 x 9] intentionally omitted <==

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Shareholders approved the consolidation of capital at the General Meeting held 13 January 2021.

1.4b Date of previous announcement(s) to this update

Thursday December 10, 2020

1.5 Date of this announcement

Wednesday January 13, 2021

1.6 Securities affected by the consolidation or split

ASX +Security Code ASX +Security Description AAJ ORDINARY FULLY PAID AAJAB OPTION EXPIRING 31-JUL-2022 EX 1C AAJAC OPTION EXPIRING 30-SEP-2023 EX $0.0117

Part 2 - Approvals

Notification of Consolidation/Split

2 / 5

Notification of Consolidation/Split

==> picture [21 x 22] intentionally omitted <==

• 2.1 Are any of the below approvals required for the consolidation or split before business day 0 of the timetable? Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval

Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the consolidation or split.

==> picture [8 x 9] intentionally omitted <==

Yes

2.2 Approvals

Approval/Condition +Security holder approval

Date for determination Is the date estimated or Approval actual? received/condition met? Wednesday January 13, 2021 Actual Yes

Comments

Part 3 - Consolidation or split timetable and details

3.1 +Record date

Tuesday January 19, 2021

3.2 Date of +security holder meeting

Wednesday January 13, 2021

3.2a Effective date of consolidation or split

Thursday January 14, 2021

3.3 Last day for trading in the pre consolidation or split +securities

Friday January 15, 2021

3.4 Trading in the post consolidation or split +securities commences on a deferred settlement basis.

Monday January 18, 2021

3.5 Record date

Tuesday January 19, 2021

3.6 First day for entity to update its register and to send holding statements to +security holders reflecting the change in the number of +securities they hold.

Wednesday January 20, 2021

3.7 Last day for entity to update its register and send holding statements to +security holders reflecting the change in the number of +securities they hold and to notify ASX that this has occurred. (+Issue Date)

Wednesday January 27, 2021

3.8 Trading starts on a normal T+2 basis

Thursday January 28, 2021

Notification of Consolidation/Split

3 / 5

Notification of Consolidation/Split

==> picture [21 x 22] intentionally omitted <==

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis Monday February 1, 2021

Part 4 - Event type and details 4.1 The event is +Security consolidation 4.1a Consolidation ratio: the +securities will be consolidated on the basis that every 15 (pre-consolidation) +securities will be consolidated into 1 (post-consolidation) +security (/ies).

4.2 Scrip fraction rounding

Fractions rounded up to the next whole number

Part 5 - +Securities on issue before and after consolidation or split

5.1 +Securities on issue before and after the consolidation or split

ASX +Security Code	ASX +Security Description
AAJ	ORDINARY FULLY PAID
Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
Quoted	consolidation or split	consolidation or split	Estimated
	1,589,413,904	105,960,927
ASX +Security Code	ASX +Security Description
AAJAB	OPTION EXPIRING 31-JUL-2022 EX 1C
Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
Unquoted	consolidation or split	consolidation or split	Estimated
	291,666,639	19,444,443
ASX +Security Code	ASX +Security Description
AAJAC	OPTION EXPIRING 30-SEP-2023 EX $0.0117
Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
Unquoted	consolidation or split	consolidation or split	Estimated
	31,000,000	2,066,667

5.2 Exercise price of options

Notification of Consolidation/Split

4 / 5

Notification of Consolidation/Split

==> picture [21 x 22] intentionally omitted <==

	ASX +Security Code	ASX +Security Description
	AAJAB	OPTION EXPIRING 31-JUL-2022 EX 1C
	Quoted/unquoted	Exercise price pre consolidation or	Exercise price post consolidation or
	Unquoted	split	split
		0.01000000	0.15000000
	ASX +Security Code	ASX +Security Description
	AAJAC	OPTION EXPIRING 30-SEP-2023 EX $0.0117
	Quoted/unquoted	Exercise price pre consolidation or	Exercise price post consolidation or
	Unquoted	split	split
		0.01170000	0.17550000
Part	6 - Further information
	6.1 Further information relating to the consolidation or split
	6.2 Additional information for inclusion in the Announcement Summary

Notification of Consolidation/Split

5 / 5