AVIRA RESOURCES LTD — Capital/Financing Update 2025

Oct 19, 2025

Appendix 3B - Proposed issue of securities

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Announcement Summary

Entity name

AVIRA RESOURCES LTD

Announcement Type

New announcement

Date of this announcement

20/10/2025

The Proposed issue is:

A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
New class-code to be	Performance Rights - Class A	25,000,000
confirmed
New class-code to be	Performance Rights - Class B	25,000,000
confirmed
New class-code to be	Performance Rights - Class C	25,000,000
confirmed
New class-code to be	Performance Rights - Class D	20,000,000
confirmed
AVW	ORDINARY FULLY PAID	45,000,000

Proposed +issue date

27/11/2025

Refer to next page for full details of the announcement

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

AVIRA RESOURCES LTD

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

131715645

1.3 ASX issuer code

AVW

1.4 The announcement is

New announcement

1.5 Date of this announcement

20/10/2025

1.6 The Proposed issue is:

A placement or other type of issue

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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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? Yes 7A.1a Conditions

Approval/Condition

Approval/Condition Date for determination +Security holder approval 27/11/2025

Is the date estimated or ** Approval actual? received/condition met? Estimated No

Comments

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)? Existing class

Will the proposed issue of this +security include an offer of attaching +securities? No

Details of +securities proposed to be issued

ASX +security code and description

AVW : ORDINARY FULLY PAID

Number of +securities proposed to be issued

45,000,000

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

In consideration for the acquisition of Prowse Commodities Pty Ltd and in satisfaction of a contractual obligation to Traka Resources Ltd (now Liberty Metals Ltd) as further detailed in the ASX announcement accompanying this form

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

450,000.000000

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Appendix 3B - Proposed issue of securities

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Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?

Yes

Is the proposed security a 'New	Will the proposed issue of this
class' (+securities in a class that is	+security include an offer of
not yet quoted or recorded by ASX)	attaching +securities?
or an 'Existing class' (additional	No
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	Will the entity be seeking quotation
ASX that the terms of the proposed	of the 'new' class of +securities on
+securities are appropriate and	ASX?
equitable under listing rule 6.1?	No
No
ASX +security code	+Security description
New class-code to be confirmed	Performance Rights - Class A
+Security type
Performance options/rights
Number of +securities proposed to be	issued
25,000,000
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 In consideration for the acquisition of Prowse Commodities Pty Ltd as further detailed in the ASX announcement accompanying this form
Please provide an estimate of the AUD	equivalent of the consideration being
provided for the +securities
250,000.000000
Will all the +securities issued in this class rank equally in all respects from
their issue date?
Yes

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Appendix 3B - Proposed issue of securities

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Performance options/rights details

+Security currency AUD - Australian Dollar

Exercise price AUD 0.0000

Expiry date 27/11/2027

Details of the type of +security that will be issued if the option is exercised

AVW : ORDINARY FULLY PAID

Number of securities that will be issued if the option is exercised

One fully paid ordinary shares (ASX: AVW)

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.

Refer to the ASX announcement accompanying this form. The full terms will be included in the Notice of AGM seeking shareholder approval for the issue

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 ASX that the terms of the proposed of the 'new' class of +securities on +securities are appropriate and ASX? equitable under listing rule 6.1? No No ASX +security code +Security description New class-code to be confirmed Performance Rights - Class B

+Security type

Performance options/rights

Number of +securities proposed to be issued

25,000,000

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

In consideration for the acquisition of Prowse Commodities Pty Ltd as further detailed in the ASX announcement accompanying this form

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Appendix 3B - Proposed issue of securities

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	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
	250,000.000000
	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 0.0000	27/11/2027
	Details of the type of +security that will be issued if the option is exercised
	AVW : ORDINARY FULLY PAID
	Number of securities that will be issued if the option is exercised
	One fully paid ordinary shares (ASX: AVW)
	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.
	Refer to the ASX announcement accompanying this form. The full terms will be included in the Notice of AGM seeking
	shareholder approval for the issue
	Is the proposed security a 'New	Will the proposed issue of this
	class' (+securities in a class that is	+security include an offer of
	not yet quoted or recorded by ASX)	attaching +securities?
	or an 'Existing class' (additional	No
	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	Will the entity be seeking quotation
	ASX that the terms of the proposed	of the 'new' class of +securities on
	+securities are appropriate and	ASX?
	equitable under listing rule 6.1?	No
	No
	ASX +security code New class-code to be confirmed	+Security description Performance Rights - Class C

+Security type

Performance options/rights

Number of +securities proposed to be issued

25,000,000

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Appendix 3B - Proposed issue of securities

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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 In consideration for the acquisition of Prowse Commodities Pty Ltd as further detailed in the ASX announcement accompanying this form Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 250,000.000000 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 0.0000 27/11/2027 Details of the type of +security that will be issued if the option is exercised AVW : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised One fully paid ordinary shares (ASX: AVW) 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. Refer to the ASX announcement accompanying this form. The full terms will be included in the Notice of AGM seeking shareholder approval for the issue Is the proposed security a 'New Will the proposed issue of this class' (+securities in a class that is +security include an offer of not yet quoted or recorded by ASX) attaching +securities? or an 'Existing class' (additional No 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 Will the entity be seeking quotation ASX that the terms of the proposed of the 'new' class of +securities on +securities are appropriate and ASX? equitable under listing rule 6.1? No No

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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ASX +security code +Security description
New class-code to be confirmed Performance Rights - Class D
+Security type
Performance options/rights
Number of +securities proposed to be issued
20,000,000
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
In satisfaction of a contractual obligation to Traka Resources Ltd (now Liberty Metals Ltd) as further detailed in the ASX
announcement accompanying this form
Please provide an estimate of the AUD equivalent of the consideration being
provided for the +securities
200,000.000000
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 0.0000 27/11/2028
Details of the type of +security that will be issued if the option is exercised
AVW : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
One fully paid ordinary shares (ASX: AVW)
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.
Refer to the ASX announcement accompanying this form. The full terms will be included in the Notice of AGM seeking
shareholder approval for the issue
Part 7C - Timetable
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7C.1 Proposed +issue date

27/11/2025

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Appendix 3B - Proposed issue of securities

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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? Yes

7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 27/11/2025

7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No 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

Part 7F - Further Information

7F.01 The purpose(s) for which the entity is issuing the securities

In consideration for the acquisition of Prowse Commodities Pty Ltd and in satisfaction of a contractual obligation to Traka Resources Ltd (now Liberty Metals Ltd)

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No

7F.2 Any other information the entity wishes to provide about the proposed issue

7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

Appendix 3B - Proposed issue of securities

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