BLACK ROCK MINING LIMITED — Share Issue/Capital Change 2021

Oct 26, 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

Wednesday October 27, 2021

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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	Unlisted Option, $0.29 Exercise Price expiring 25	3,000,000	27/10/2021
to be confirmed	October 2024

Refer to next page for full details of the announcement

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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

ABN

Registration number

59094551336

1.3 ASX issuer code

BKT

1.4 The announcement is

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New announcement

1.5 Date of this announcement

27/10/2021

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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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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

ASX +security code +Security description New class - code to be confirmed Unlisted Option, $0.29 Exercise Price expiring 25 October 2024 +Security type ISIN code Options Date the +securities the subject of this notification were issued 27/10/2021 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No 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. https://www.asx.com.au/asxpdf/20201021/pdf/44nxpd4m8gsk41.pdf +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.29000000 25/10/2024 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 FULLY PAID

Options Details

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://www.asx.com.au/asxpdf/20201021/pdf/44nxpd4m8gsk41.pdf options to vest equally over 3 years and subject to continuous employment

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Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

3,000,000

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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	851,178,229
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	33,610,903
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
BKTAW : OPTION EXPIRING 01-JUL-2024 EX $0.224	1,500,000
BKTAX : OPTION EXPIRING 01-JUN-2024 EX $0.20	1,500,000
New class - code to be confirmed : Unlisted Option, $0.29 Exercise Price expiring 25	3,000,000
October 2024

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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