CASPIN RESOURCES LIMITED — Share Issue/Capital Change 2025

Sep 18, 2025

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

CASPIN RESOURCES LIMITED

Date of this announcement

Friday September 19, 2025

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and 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
CPNAN	OPTION EXPIRING 31-DEC-2026 EX $0.10	500,000	19/09/2025
New class - code	Unlisted options ($0.10, 31 December 2026)	500,000	19/09/2025
to be confirmed

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - 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

CASPIN RESOURCES 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 Registration number ABN 33641813587

1.3 ASX issuer code

CPN

1.4 The announcement is

New announcement

1.5 Date of this announcement

19/9/2025

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - 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:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and Announcement Title Selected Appendix 3B to submit quotation Time request 15-Sep-2025 09:20 New - Proposed issue of securities - A placement or other type of issue CPN

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?

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

Stage 1 (2m shares, 2m options) and Stage 2 (4m shares, 2m options) consideration securities, subject to Caspin electing to proceed under the Weethalle option agreement.

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description CPNAN : OPTION EXPIRING 31-DEC-2026 EX $0.10

Date the +securities the subject of this notification were issued 19/9/2025

Any other information the entity wishes to provide about the +securities the subject of this notification Refer ASX announcement 15 September 2025 in respect of Weethalle Gold Project Option Agreement.

Issue details

Number of +securities 500,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities

Refer ASX announcement 15 September 2025 in respect of Weethalle Gold Project Option Agreement - options issued as part of Option Fee.

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - 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 notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
CPN : ORDINARY FULLY PAID	179,121,289
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
CPNAM : OPTION EXPIRING 04-DEC-2027 EX $0.10	1,000,000
CPNAF : PERFORMANCE RIGHTS	10,858,434
CPNAK : OPTION EXPIRING 04-DEC-2026 EX $0.08	5,000,000
CPNAL : OPTION EXPIRING 04-DEC-2026 EX $0.12	5,000,000
CPNAN : OPTION EXPIRING 31-DEC-2026 EX $0.10	21,500,000
CPNAA : OPTION EXPIRING 19-NOV-2025 EX $0.30	2,500,000
CPNAB : OPTION EXPIRING 23-NOV-2025 EX $0.30	2,000,000
CPNAG : OPTION EXPIRING 12-JUL-2026 EX $0.60	811,287
CPNAJ : OPTION EXPIRING 15-DEC-2026 EX $0.45	2,183,333
CPNAI : OPTION EXPIRING 15-DEC-2026 EX $0.35	2,183,333
CPNAH : OPTION EXPIRING 15-DEC-2026 EX $0.25	2,233,334
New class - code to be confirmed : Unlisted options ($0.10, 31 December 2026)	500,000

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

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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