AUSTIN METALS LIMITED — Share Issue/Capital Change 2021

Jul 25, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

SILVER CITY MINERALS LIMITED

Announcement Type

New announcement

Date of this announcement

Monday July 26, 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
SCI	ORDINARY FULLY PAID	42,718,400	23/07/2021

Refer to next page for full details of the announcement

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

SILVER CITY MINERALS 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

ABN

Registration number 68130933309

1.3 ASX issuer code

SCI

1.4 The announcement is

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New announcement

1.5 Date of this announcement

26/7/2021

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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
07-Apr-2021 09:34	New - Proposed issue of Securities -	A placement or other type of issue
	SCI

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? No

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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

Placement Details

ASX +security code and description SCI : ORDINARY FULLY PAID

Issue date 23/7/2021

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 % 1,001 - 5,000 % 5,001 - 10,000 % 10,001 - 100,000 % 100,001 and over %

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted 42,718,400 Are the +securities being issued for a cash consideration? Yes In what currency is the cash consideration being paid? What is the issue price per +security? AUD - Australian Dollar AUD 0.01500000 Any other information the entity wishes to provide about the +securities to be quoted Vendor and Director Participation as approved at the GM on 5 July 2021.

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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:

(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
SCI : ORDINARY FULLY PAID	603,796,503

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
SCIAR : OPTION EXPIRING 31-OCT-2022 EX 2C	45,788,750
SCIAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	30,750,000

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