BCI MINERALS LIMITED — Capital/Financing Update 2021

Dec 23, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

BCI MINERALS LIMITED

Announcement Type

New announcement

Date of this announcement

Friday December 24, 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
BCI	ORDINARY FULLY PAID	606,140,892	24/12/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

BCI 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 21120646924

1.3 ASX issuer code

BCI

1.4 The announcement is

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New announcement

1.5 Date of this announcement

24/12/2021

Application for quotation of +securities

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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 18-Nov-2021 09:39 New - Proposed issue of securities - BCI An offer of +securities under a +securities purchase plan A placement or other type of issue

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?

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Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

80,192,462 Notes for Series 2 Convertible Notes 80,192,462 Notes for Series 3 Convertible Notes 290,706,876 fully paid ordinary shares (Shares)

Application for quotation of +securities

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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

Corporate Action Component Detail

ASX +security code and description

BCI : ORDINARY FULLY PAID

Issue date

24/12/2021

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 For example, to enter a value of 50% please input as 50.00

Number of +securities held Number of holders 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 48,001,357 Issue currency Issue price or consideration per +security AUD - Australian Dollar AUD 0.43000000 Any other information the entity wishes to provide about the +securities to be quoted Refer ASX announcement of 23 December 2021 for further information.

Placement Details ASX +security code and description BCI : ORDINARY FULLY PAID Issue date 24/12/2021 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

558,139,535 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 0.43000000

Any other information the entity wishes to provide about the +securities to be quoted Refer ASX announcement of 23 December 2021 for further information.

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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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
BCI : ORDINARY FULLY PAID	1,206,098,756

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
BCIAA : PERFORMANCE RIGHTS	12,385,053
BCIAP : SHARE RIGHTS	1,553,115
BCIAQ : PERFORMANCE RIGHTS 2021	868,188
BCIAR : SHARE RIGHTS 2021	516,196

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