ASTRAL RESOURCES NL — Share Issue/Capital Change 2023

Oct 30, 2023

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

ASTRAL RESOURCES NL

Date of this announcement

Tuesday October 31, 2023

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	2024A unquoted performance rights	1,253,012	31/10/2023
to be confirmed
New class - code	2024C unquoted performance rights	932,228	31/10/2023
to be confirmed
New class - code	2024B unquoted performance rights	1,689,759	31/10/2023
to be confirmed

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

ASTRAL RESOURCES NL

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

24651541976

1.3 ASX issuer code

AAR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

31/10/2023

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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

ASX +security code +Security description New class - code to be confirmed 2024A unquoted performance rights +Security type ISIN code Other

Date the +securities the subject of this notification were issued 31/10/2023

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Brendon Morton	Mrs Silfia Tjan Morton	1,253,012

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Refer to the ASX Announcement dated 31 October 2023. URL link here: https://announcements.asx.com.au/asxpdf/20231031/pdf/05wtfsb2qhcfnh.pdf

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

Refer to the Employee Incentive Plan approved at the Company's General Meeting held 30 June 2023, as summarised in the Notice of General Meeting released 31 May 2023. URL link here: https://announcements.asx.com.au/asxpdf/20230531/pdf/05q6smb07dc68h.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Issue details

Number of +securities

1,253,012

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ASX +security code +Security description
New class - code to be confirmed 2024C unquoted performance rights
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ASX +security code New class - code to be confirmed	+Security description 2024C unquoted performance rights
+Security type	ISIN code
Other
Date the +securities the subject of this	notification were issued
31/10/2023
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Jed Whitford	Mr Jedidiah James Whitford	530,120
Please provide a URL link for a document lodged with ASX setting out		the material terms of the +securities being
issued.

Refer to the ASX Announcement dated 31 October 2023. URL link here: https://announcements.asx.com.au/asxpdf/20231031/pdf/05wtfsb2qhcfnh.pdf

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

Refer to the Employee Incentive Plan approved at the Company's General Meeting held 30 June 2023, as summarised in the Notice of General Meeting released 31 May 2023. URL link here: https://announcements.asx.com.au/asxpdf/20230531/pdf/05q6smb07dc68h.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Issue details

Number of +securities

932,228

ASX +security code New class - code to be confirmed	+Security description 2024B unquoted performance rights
+Security type	ISIN code
Other

Date the +securities the subject of this notification were issued

31/10/2023

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Julie Reid	Ms Julie-Ann Elizabeth Reid	1,132,530

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Refer to the ASX Announcement dated 31 October 2023. URL link here: https://announcements.asx.com.au/asxpdf/20231031/pdf/05wtfsb2qhcfnh.pdf

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

Refer to the Employee Incentive Plan approved at the Company's General Meeting held 30 June 2023, as summarised in the Notice of General Meeting released 31 May 2023. URL link here: https://announcements.asx.com.au/asxpdf/20230531/pdf/05q6smb07dc68h.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Issue details

Number of +securities

1,689,759

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities 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)

	Total number of
ASX +security code and description	+securities on issue
AAR : ORDINARY FULLY PAID	789,910,715
AARO : OPTION EXPIRING 24-OCT-2025	43,615,317
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
AARAA : PERFORMANCE RIGHTS	9,567,500
AARAI : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	8,000,000
New class - code to be confirmed : 2024A unquoted performance rights	1,253,012
New class - code to be confirmed : 2024C unquoted performance rights	932,228
New class - code to be confirmed : 2024B unquoted performance rights	1,689,759

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

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

13

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