BLACK ROCK MINING LIMITED — Capital/Financing Update 2021

Jul 1, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

BLACK ROCK MINING LIMITED

Date of this announcement

Friday July 02, 2021

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Unquoted Options, exercise price $0.224, expiry 1	1,500,000	02/07/2021
to be confirmed	July 2024

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

BLACK ROCK MINING LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ACN

Registration number

094551336

1.3 ASX issuer code

BKT

1.4 The announcement is

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New announcement

1.5 Date of this announcement

2/7/2021

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

Unquoted Options

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

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New +securities
ASX +security code +Security description
New class - code to be confirmed Unquoted Options, exercise price $0.224, expiry 1 July
2024
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
2/7/2021
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
Not Applicable
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Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.22400000 1/7/2024 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description BKT Ordinary Shares Any other information the entity wishes to provide about the +securities the subject of this notification Sign on options for General Manager Engineering & Technical

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Not Applicable

Issue details

Number of +securities

1,500,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Sign on options for General Manager Engineering & Technical

Purpose of the issue

Other

Additional Details

Sign on options for General Manager Engineering & Technical

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities 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)

	Total number of
ASX +security code and description	+securities on issue
BKT : ORDINARY FULLY PAID	847,971,821

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
BKTAU : OPTION EXPIRING 10-AUG-2023 EX 8.4C	35,524,958
BKTAI : OPTION EXPIRING 04-NOV-2023 EX $0.0785	5,000,000
BKTAF : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	22,000,000
BKTAV : OPTION EXPIRING 24-JAN-2024 EX $0.116	1,000,000
BKTAG : OPTION EXPIRING 28-OCT-2022 EX 15C	9,200,000
BKTAH : OPTION EXPIRING 18-NOV-2022 EX 15C	3,000,000
BKTAJ : OPTION EXPIRING 21-DEC-2023 EX $0.116	11,000,000
New class - code to be confirmed : Unquoted Options, exercise price $0.224, expiry 1 July	1,500,000
2024

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

1500000

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

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