AVIRA RESOURCES LTD — Capital/Financing Update 2024

Dec 29, 2024

30 December 2024

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The Manager Market Announcements Office Level 40, Central Park, 152-158 St George's Terrace Perth WA 6000

ACN: 131 715 645

T: + 61 8 9463 2463

W: www.aviraresourcesltd.com.au

PROPOSED PRIORITY OFFER OF NEW OPTIONS

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Avira Resources Limited (ASX: AVW) ( Avira or the Company ) advises that, subject to obtaining shareholder approval at an upcoming general meeting, it intends to conduct an offer of a new class of options ( New Options ).

The offer of New Options ( Options Offer ) will be made pursuant to a prospectus ( Prospectus ).

Directors

David Wheeler, Non-Executive Chairman

David Deloub, Executive Director James Robinson, Non-Executive Director

Rhys Waldon, Company Secretary Issued Capital (ASX Code: AVW)

2,938,790,000 Ordinary Shares

968,710,000 Quoted options exercisable ( AVWOA ) at $0.008 on or before 31 December 2024

402,500,000 Unquoted options exercisable at $0.003 on or before 30 June 2027

All holders of the Company’s existing class of options that expire on 31 December 2024 ( AVWOA Options ) with a registered address in Australia or New Zealand will have priority to apply for New Options under the Options Offer ( Priority Offer ).

The director of Avira with a relevant interest in AVWOA Options (James Robinson) intends to apply for his full allocation under the Priority Offer. This related party participation is subject to separate shareholder approval.

Any New Options not applied for under the Priority Offer will be offered to other applicants at the discretion of the directors of the Company.

In addition, the Company proposes to seek shareholder approval to consolidate its capital on a 20:1 basis ( Consolidation ).

The Options Offer, which will also be subject to completion of the Consolidation, is for an offer of 48,435,500 New Options on a postConsolidation basis (or 968,710,000 New Options on a preConsolidation basis) with each holder under the Priority Offer eligible to apply for 1 New Option (on a post-Consolidation basis) for every 20 AVWOA Options held on 31 December 2024, subject to rounding of individual holdings for the effect of the Consolidation (or 1 New Option on a pre-Consolidation basis for every 1 AVWOA Option held on 31 December 2024).

The New Options (on a post-Consolidation basis) are proposed to have an issue price of $0.001 each, an exercise price of $0.015 each and an expiry date of 30 June 2027.

The Options Offer (assuming full subscription) will raise approximately $48,435 (before costs).

Puolalaki Project location, Sweden

The Company intends to apply for quotation of the New Options.

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Further information relating to the Options Offer is set out in the Appendix 3B which has been lodged with ASX at the same time as this announcement.

Additional information will be provided in the Notice of Meeting and Prospectus which will be released on the Market Announcements Platform in due course.

This announcement was authorised for release by the Board of Avira Resources Limited.

For, and on behalf of, the Board of Avira Resources Limited.

David Deloub

Executive Director Avira Resources Limited

-ENDS-

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