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AURIC MINING LIMITED — Share Issue/Capital Change 2026
May 18, 2026
64475_rns_2026-05-18_8d3ea71b-a7f8-4237-b9bc-812abee54492.pdf
Share Issue/Capital Change
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Appendix 3B - Proposed issue of securities
Update Summary
Entity name
AURIC MINING LIMITED
Announcement Type
Update to previous announcement
Date of this announcement
19/5/2026
Reason for update to a previous announcement
The Company lodged an Addendum to the Notice of Annual General Meeting on 15 May 2026, which amended Resolutions 8 and 9 of the Notice of Annual General Meeting dated 24 April 2026.
Refer to next page for full details of the announcement
Appendix 3B - Proposed issue of securities
1 / 20
Appendix 3B - Proposed issue of securities
Part 1 - Entity and announcement details
1.1 Name of +Entity
AURIC MINING LIMITED
We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.
If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).
1.2 Registered Number Type
ACN
Registration Number
635470843
1.3 ASX issuer code
AWJ
1.4 The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
The Company lodged an Addendum to the Notice of Annual General Meeting on 15 May 2026, which amended Resolutions 8 and 9 of the Notice of Annual General Meeting dated 24 April 2026.
1.4b Date of previous announcement to this update
24/4/2026
1.5 Date of this announcement
19/5/2026
1.6 The Proposed issue is:
A placement or other type of issue
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities
Part 7 - Details of proposed placement or other issue
Part 7A - Conditions
7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis?
No
Part 7B - Issue details
Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?
New class
Will the proposed issue of this +security include an offer of attaching +securities?
No
Details of +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)
Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?
Yes
Will the entity be seeking quotation of the 'new' class of +securities on ASX?
No
| ASX +security code | +Security description |
|---|---|
| New class-code to be confirmed | Options |
+Security type
Options
Number of +securities proposed to be issued
1,729,166
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
Nil cash consideration. Options to be issued under Listing Rule 10.11 to be approved at the Annual General Meeting on 28 May 2026.
Please provide an estimate of the AUD equivalent of the consideration being
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities
provided for the +securities
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Options details
| +Security currency | Exercise price | Expiry date |
|---|---|---|
| AUD - Australian Dollar | AUD |
Details of the type of +security that will be issued if the option is exercised
AWJ : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
1,729,166 Fully Paid Ordinary Shares
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.
1,729,166 unquoted Options Tranche 2 vests on the Company achieving cumulative gold production of 40,000 ounces. Exercise price equal to the share price on the 5 day volume weighted average price (VWAP) of the Company's Shares traded on ASX over the 5 trading days immediately preceding the date of issue. Exercisable within 5 years from the date of issue of the of the Options.
Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?
New class
Will the proposed issue of this +security include an offer of attaching +securities?
No
Details of +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)
Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?
Yes
Will the entity be seeking quotation of the 'new' class of +securities on ASX?
No
| ASX +security code | +Security description |
|---|---|
| New class-code to be confirmed | Options |
+Security type
Options
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities
Number of +securities proposed to be issued
1,729,166
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
Nil cash consideration. Options to be issued under Listing Rule 10.11 to be approved at the Annual General Meeting on 28 May 2026.
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Options details
+Security currency
AUD - Australian Dollar
Exercise price
AUD
Expiry date
Details of the type of +security that will be issued if the option is exercised
AWJ : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
1,729,166 Fully Paid Ordinary Shares
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.
1,729,166 unquoted Options Tranche 3 vests on the Company achieving cumulative gold production of 70,000 ounces. Exercise price equal to the share price on the 5 day volume weighted average price (VWAP) of the Company's Shares traded on ASX over the 5 trading days immediately preceding the date of issue. Exercisable within 5 years from the date of issue of the of the Options.
Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?
New class
Will the proposed issue of this +security include an offer of attaching +securities?
No
Details of +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities
Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Yes
Will the entity be seeking quotation of the 'new' class of +securities on ASX? No
| ASX +security code | +Security description |
|---|---|
| New class-code to be confirmed | Performance Rights |
+Security type
Performance options/rights
Number of +securities proposed to be issued
1,500,000
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration? No
Please describe the consideration being provided for the +securities
Nil cash consideration. Performance Rights to be issued subject to shareholder approval to be obtained at the Annual General Meeting on 28 May 2026.
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
Will all the +securities issued in this class rank equally in all respects from their issue date? Yes
Performance options/rights details
| +Security currency | Exercise price | Expiry date |
|---|---|---|
| AUD - Australian Dollar | AUD |
Details of the type of +security that will be issued if the option is exercised
AWJ : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
1,500,000 Fully Paid Ordinary Shares
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.
1,500,000 unquoted Class A Performance Rights. Further terms set out in Schedule 2 of the Notice of Meeting dated 24 April 2026.
Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?
Will the proposed issue of this +security include an offer of attaching +securities? No
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities
New class
Details of +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)
Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Yes
Will the entity be seeking quotation of the 'new' class of +securities on ASX? No
| ASX +security code | +Security description |
|---|---|
| New class-code to be confirmed | Performance Rights |
+Security type
Performance options/rights
Number of +securities proposed to be issued
5,500,000
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration? No
Please describe the consideration being provided for the +securities
Nil cash consideration. Performance Rights to be issued subject to shareholder approval to be obtained at the Annual General Meeting on 28 May 2026.
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
Will all the +securities issued in this class rank equally in all respects from their issue date? Yes
Performance options/rights details
| +Security currency | Exercise price | Expiry date |
|---|---|---|
| AUD - Australian Dollar | AUD |
Details of the type of +security that will be issued if the option is exercised
AWJ : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
5,500,000 Fully Paid Ordinary Shares
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.
5,500,000 unquoted Class C Performance Rights. Vest upon the Company raising sufficient capital to build the Burbanks facility. Expire 5 years from date of issue. Further terms set out in Schedule 2 of the Notice of Meeting dated 24 April 2026.
Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?
Well the proposed issue of this +security include an offer of attaching +securities? No
New class
Details of +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)
Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Yes
Will the entity be seeking quotation of the 'new' class of +securities on ASX? No
| ASX +security code | +Security description |
|---|---|
| New class-code to be confirmed | Performance Rights |
+Security type
Performance options/rights
Number of +securities proposed to be issued
4,000,000
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration? No
Please describe the consideration being provided for the +securities
Nil cash consideration. Performance Rights to be issued subject to shareholder approval to be obtained at the Annual General Meeting on 28 May 2026.
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
Will all the +securities issued in this class rank equally in all respects from their issue date? Yes
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities
Performance options/rights details
+Security currency
AUD - Australian Dollar
Exercise price
AUD
Expiry date
Details of the type of +security that will be issued if the option is exercised
AWJ : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
4,000,000 Fully Paid Ordinary Shares
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.
4,000,000 unquoted Class D Performance Rights. Vest upon the commissioning and operation of the Burbanks facility. Expire 5 years from date of issue. Further terms set out in Schedule 2 of the Notice of Meeting dated 24 April 2026.
Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?
New class
Will the proposed issue of this +security include an offer of attaching +securities?
No
Details of +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)
Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?
Yes
Will the entity be seeking quotation of the 'new' class of +securities on ASX?
No
ASX +security code
New class-code to be confirmed
+Security description
Performance Rights
+Security type
Performance options/rights
Number of +securities proposed to be issued
5,000,000
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
Nil cash consideration. Performance Rights to be issued subject to shareholder approval to be obtained at the Annual General Meeting on 28 May 2026.
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Performance options/rights details
| +Security currency | Exercise price | Expiry date |
|---|---|---|
| AUD - Australian Dollar | AUD |
Details of the type of +security that will be issued if the option is exercised
AWJ : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
5,000,000 Fully Paid Ordinary Shares
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.
5,000,000 unquoted Class E Performance Rights. Vest upon the announcement of a JORC reported Inferred and/or higher category Mineral Resource of at least 300,000 ounces at a minimum grade of 1.0 g/t Au. Expire 5 years from date of issue. Further terms set out in Schedule 2 of the Notice of Meeting dated 24 April 2026.
Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?
New class
Will the proposed issue of this +security include an offer of attaching +securities?
No
Details of +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)
Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?
Yes
Will the entity be seeking quotation of the 'new' class of +securities on ASX?
No
| ASX +security code | +Security description |
|---|---|
| New class-code to be confirmed | Performance Rights |
+Security type
Performance options/rights
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities
Number of +securities proposed to be issued
5,250,000
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
Nil cash consideration. Performance Rights to be issued subject to shareholder approval to be obtained at the Annual General Meeting on 28 May 2026.
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Performance options/rights details
+Security currency
AUD - Australian Dollar
Exercise price
AUD
Expiry date
Details of the type of +security that will be issued if the option is exercised
AWJ : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
5,250,000 Fully Paid Ordinary Shares
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.
5,250,000 unquoted Class F Performance Rights. Vest upon the announcement of a JORC reported Inferred and/or higher category Mineral Resource of at least 500,000 ounces at a minimum grade of 1.0 g/t Au. Expire 5 years from date of issue. Further terms set out in Schedule 2 of the Notice of Meeting dated 24 April 2026.
Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?
New class
Will the proposed issue of this +security include an offer of attaching +securities?
No
Details of +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)
Have you received confirmation from Will the entity be seeking quotation
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities
ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Yes
of the 'new' class of +securities on ASX? No
ASX +security code
+Security description
New class-code to be confirmed
Performance Rights
+Security type
Performance options/rights
Number of +securities proposed to be issued
2,000,000
Reason for the update of 'Number of +securities proposed to be issued'
Class G Performance Rights reduced from 6,000,000 to 2,000,000 per the Addendum to the Notice of AGM dated 15 May 2026, which amended Resolutions 8 and 9.
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration? No
Please describe the consideration being provided for the +securities
Nil cash consideration. Performance Rights to be issued subject to shareholder approval to be obtained at the Annual General Meeting on 28 May 2026.
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
Will all the +securities issued in this class rank equally in all respects from their issue date? Yes
Performance options/rights details
+Security currency
Exercise price
Expiry date
AUD - Australian Dollar
AUD
Details of the type of +security that will be issued if the option is exercised
AWJ : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
6,000,000 Fully Paid Ordinary Shares
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.
6,000,000 unquoted Class G Performance Rights. Vest upon the announcement of a JORC reported Inferred and/or higher category Mineral Resource of at least 1,000,000 ounces at a minimum grade of 1.0 g/t Au. Expire 5 years from date of issue. Further terms set out in Schedule 2 of the Notice of Meeting dated 24 April 2026.
Is the proposed security a 'New class' (+securities in a class that is
Will the proposed issue of this +security include an offer of
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities
not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?
New class
attaching +securities?
No
Details of +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)
Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?
Yes
Will the entity be seeking quotation of the 'new' class of +securities on ASX?
No
| ASX +security code | +Security description |
|---|---|
| New class-code to be confirmed | Performance Rights |
+Security type
Performance options/rights
Number of +securities proposed to be issued
4,500,000
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
Nil cash consideration. Performance Rights to be issued subject to shareholder approval to be obtained at the Annual General Meeting on 28 May 2026.
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Performance options/rights details
| +Security currency | Exercise price | Expiry date |
|---|---|---|
| AUD - Australian Dollar | AUD |
Details of the type of +security that will be issued if the option is exercised
AWJ : ORDINARY FULLY PAID
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities
Number of securities that will be issued if the option is exercised
4,500,000 Fully Paid Ordinary Shares
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.
4,500,000 unquoted Class H Performance Rights. Vest upon the Company achieving a cumulative gold production of 100,000 ounces. Expire 5 years from date of issue. Further terms set out in Schedule 2 of the Notice of Meeting dated 24 April 2026.
Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?
New class
Will the proposed issue of this +security include an offer of attaching +securities?
No
Details of +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)
Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?
Yes
Will the entity be seeking quotation of the 'new' class of +securities on ASX?
No
ASX +security code
+Security description
New class-code to be confirmed
Performance Rights
+Security type
Performance options/rights
Number of +securities proposed to be issued
1,500,000
Reason for the update of 'Number of +securities proposed to be issued'
Class I Performance Rights reduced from 4,500,000 to 1,500,000 per the Addendum to the Notice of AGM dated 15 May 2026, which amended Resolutions 8 and 9.
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
Nil cash consideration. Performance Rights to be issued subject to shareholder approval to be obtained at the Annual General Meeting on 28 May 2026.
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Performance options/rights details
| +Security currency | Exercise price | Expiry date |
|---|---|---|
| AUD - Australian Dollar | AUD |
Details of the type of +security that will be issued if the option is exercised
AWJ : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
4,500,000 Fully Paid Ordinary Shares
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.
4,500,000 unquoted Class I Performance Rights. Vest upon the Company achieving a cumulative gold production of 125,000 ounces. Expire 5 years from date of issue. Further terms set out in Schedule 2 of the Notice of Meeting dated 24 April 2026.
Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?
New class
Will the proposed issue of this +security include an offer of attaching +securities?
No
Details of +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)
Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?
Yes
Will the entity be seeking quotation of the 'new' class of +securities on ASX?
No
| ASX +security code | +Security description |
|---|---|
| New class-code to be confirmed | Performance Rights |
+Security type
Performance options/rights
Number of +securities proposed to be issued
2,000,000
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities
Reason for the update of 'Number of +securities proposed to be issued'
Class J Performance Rights reduced from 6,000,000 to 2,000,000 per the Addendum to the Notice of AGM dated 15 May 2026, which amended Resolutions 8 and 9.
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
Nil cash consideration. Performance Rights to be issued subject to shareholder approval to be obtained at the Annual General Meeting on 28 May 2026.
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Performance options/rights details
| +Security currency | Exercise price | Expiry date |
|---|---|---|
| AUD - Australian Dollar | AUD |
Details of the type of +security that will be issued if the option is exercised
AWJ : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
6,000,000 Fully Paid Ordinary Shares
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.
6,000,000 unquoted Class J Performance Rights. Vest upon the Company achieving a market capitalisation of $200,000,000. Expire 5 years from date of issue. Further terms set out in Schedule 2 of the Notice of Meeting dated 24 April 2026.
Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?
New class
Will the proposed issue of this +security include an offer of attaching +securities?
No
Details of +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities
Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Yes
Will the entity be seeking quotation of the 'new' class of +securities on ASX? No
| ASX +security code | +Security description |
|---|---|
| New class-code to be confirmed | Options |
+Security type
Options
Number of +securities proposed to be issued
477,916
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration? No
Please describe the consideration being provided for the +securities
Nil cash consideration. Options to be issued under Listing Rule 10.11 to be approved at the Annual General Meeting on 28 May 2026.
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Options details
| +Security currency | Exercise price | Expiry date |
|---|---|---|
| AUD - Australian Dollar | AUD |
Details of the type of +security that will be issued if the option is exercised
AWJ : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
477,916 Fully Paid Ordinary Shares
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.
477,916 unquoted Options Tranche 4 vests on the Company achieving cumulative gold production of 80,000 ounces. Exercise price equal to the share price on the 5 day volume weighted average price (VWAP) of the Company's Shares traded on ASX over the 5 trading days immediately preceding the date of issue. Exercisable within 5 years from the date of issue of the of the Options.
Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional
Will the proposed issue of this +security include an offer of attaching +securities? No
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities
securities in a class that is already quoted or recorded by ASX)?
New class
Details of +securities proposed to be issued
ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)
Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?
Yes
Will the entity be seeking quotation of the 'new' class of +securities on ASX?
No
| ASX +security code | +Security description |
|---|---|
| New class-code to be confirmed | Performance Rights |
+Security type
Performance options/rights
Number of +securities proposed to be issued
500,000
Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
Nil cash consideration. Performance Rights to be issued subject to shareholder approval to be obtained at the Annual General Meeting on 28 May 2026.
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Performance options/rights details
| +Security currency | Exercise price | Expiry date |
|---|---|---|
| AUD - Australian Dollar | AUD |
Details of the type of +security that will be issued if the option is exercised
AWJ : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
500,000 Fully Paid Ordinary Shares
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities
proposed to be issued or provide the information by separate announcement.
500,000 unquoted Class B Performance Rights. Further terms set out in Schedule 2 of the Notice of Meeting dated 24 April 2026.
Part 7C - Timetable
7C.1 Proposed +issue date
28/5/2026
Part 7D - Listing Rule requirements
7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?
No
7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?
No
7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)?
No
7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?
Yes
7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?
No
7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?
No
Part 7E - Fees and expenses
7E.1 Will there be a lead manager or broker to the proposed issue?
No
7E.2 Is the proposed issue to be underwritten?
No
7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue
NIL
Part 7F - Further Information
7F.01 The purpose(s) for which the entity is issuing the securities
Performance Rights to be issued subject to shareholder approval obtained at the Annual General Meeting on 28 May 2026.
7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds?
No
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities
7F.2 Any other information the entity wishes to provide about the proposed issue
This Appendix 3B updates and replaces the Appendix 3B lodged on 24 April 2026, to reflect the Addendum to the Notice of Annual General Meeting dated 15 May 2026 (Addendum), which amended Resolutions 8 and 9. Terms and conditions remain as set out in Schedule 2 of the Addendum. Shareholder approval is being sought at the AGM on 28 May 2026.
Appendix 3B - Proposed issue of securities
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