ASKARI METALS LIMITED — Capital/Financing Update 2021

Oct 31, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

ASKARI METALS LIMITED

Announcement Type

New announcement

Date of this announcement

Monday November 01, 2021

The +securities to be quoted are:

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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
AS2O	OPTION EXPIRING 31-OCT-2024 DEFERRED	8,398,759	01/11/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

ASKARI METALS 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 646034460

1.3 ASX issuer code

AS2

1.4 The announcement is

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New announcement

1.5 Date of this announcement

1/11/2021

Application for quotation of +securities

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date and Announcement Title Selected Appendix 3B to submit quotation Time request 28-Sep-2021 08:21 New - Proposed issue of securities - A standard +pro rata issue (non-renounceable) AS2

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

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Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

Placement of the shortfall of the AS2 option series.

Application for quotation of +securities

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Application for quotation of +securities

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Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Corporate Action Component Detail

ASX +security code and description

AS2O : OPTION EXPIRING 31-OCT-2024 DEFERRED

Issue date

1/11/2021

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	18	0.12 %
1,001 - 5,000	66	2.12 %
5,001 - 10,000	37	3.05 %
10,001 - 100,000	115	40.01 %
100,001 and over	15	54.71 %

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted

8,398,759 Issue currency Issue price or consideration per +security AUD - Australian Dollar AUD 0.00200000 Any other information the entity wishes to provide about the +securities to be quoted

Application for quotation of +securities

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance 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)

	Total number of
ASX +security code and description	+securities on issue
AS2O : OPTION EXPIRING 31-OCT-2024 DEFERRED	8,398,759
AS2 : ORDINARY FULLY PAID	30,701,454
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
AS2AA : ORDINARY FULLY PAID RESTRICTED	1,950,000
AS2AB : ORDINARY FULLY PAID RESTRICTED	3,475,000
AS2AC : ORDINARY FULLY PAID RESTRICTED	6,940,000
AS2AD : OPTION EXPIRING 07-JUL-2023 RESTRICTED	281,250
AS2AE : OPTION EXPIRING 07-JUL-2024 RESTRICTED	2,500,000
AS2AF : PERFORMANCE RIGHTS RESTRICTED	3,400,000

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

Application for quotation of +securities

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