CASSIUS MINING LIMITED — Share Issue/Capital Change 2026

Apr 16, 2026

Appendix 3B - Proposed issue of securities

Announcement Summary

Entity name
CASSIUS MINING LIMITED

Announcement Type
New announcement

Date of this announcement
16/4/2026

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

ASX +security code	+Security description	Maximum Number of +securities to be issued
New class-code to be confirmed	Unlisted Secured Convertible notes which expire two years from the date of issue	3,050,000
New class-code to be confirmed	Broker options exercisable at $0.03 with an expiry date of 3 years from date of issue	5,371,394
New class-code to be confirmed	Convertible Note Options exercisable at $0.03 with an expiry date of 3 years from date of issue	40,000,000
CMD	ORDINARY FULLY PAID	5,371,394

Proposed +issue date
22/5/2026

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

Part 1 - Entity and announcement details

1.1 Name of +Entity

CASSIUS MINING LIMITED

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

Registration Number

ABN

13115027033

1.3 ASX issuer code

CMD

1.4 The announcement is

New announcement

1.5 Date of this announcement

16/4/2026

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

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	Date for determination	Is the date estimated or actual?	** Approval received/condition met?
+Security holder approval	22/5/2026	Estimated	No

Comments

Shareholder approval
3050000 secured convertible notes which expire two years from date of issue
40m options expiring 3 years from date of issue and an exercise price of 3 cents
5371394 Brokers shares and options.

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)?
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 ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?
Yes

Will the entity be seeking quotation of the 'new' class of +securities on ASX?
No

ASX +security code	+Security description
New class-code to be confirmed	Unlisted Secured Convertible notes which expire two years from the date of issue

+Security type
+Convertible debt securities

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

Number of +securities proposed to be issued
3,050,000

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration?
Yes

In what currency is the cash consideration being paid?
AUD - Australian Dollar
What is the issue price per +security?
AUD 1.00000

Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes

+Convertible debt securities details

These securities are:	Type of security
Converting	Convertible note or bond
+Security currency	Face value
AUD - Australian Dollar	AUD 1.0000
Interest rate type
Fixed rate
Frequency of coupon/interest payments per year	First interest payment date
Quarterly	30/6/2026
Interest rate per annum	Is the interest rate per annum estimated at this time?
14.00000 %	No

s128F of the Income Tax Assessment Act status applicable to the +security
s128F exemption status unknown

Is the +security perpetual (ie. no maturity date)?
No

Maturity date
31/5/2028

Select other features applicable to the +security
Secured

Is there a first trigger date on which a right of conversion, redemption, call or put can be exercised (whichever is first)?
No

Details of the type of +security that will be issued if the securities are converted, transformed or

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

exchanged

CMD : ORDINARY FULLY PAID

Number of +securities that will be issued if the +securities are converted, transformed or exchanged (including, if applicable, any interest)

106271777

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.

www.cassiusmining.com

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

CMD : ORDINARY FULLY PAID

Number of +securities proposed to be issued

5,371,394

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

Shares to the value of $175,000 will be issued to the broker GBA Capital Pty Ltd

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

0.032580

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 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

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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 ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?
No

Will the entity be seeking quotation of the 'new' class of +securities on ASX?
No

ASX +security code	+Security description
New class-code to be confirmed	Broker options exercisable at $0.03 with an expiry date of 3 years from date of issue

+Security type

Options

Number of +securities proposed to be issued
5,371,394

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
Services provide by broker GBA Capital Pty Ltd

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
0.000001

Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes

Options details

+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.0300	31/5/2029

Details of the type of +security that will be issued if the option is exercised
CMD : ORDINARY FULLY PAID

Number of securities that will be issued if the option is exercised
5371394

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.
www.cassiusmining.com

Is the proposed security a 'New
Will the proposed issue of this

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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

+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 ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?
No

Will the entity be seeking quotation of the 'new' class of +securities on ASX?
No

ASX +security code	+Security description
New class-code to be confirmed	Convertible Note Options exercisable at $0.03 with an expiry date of 3 years from date date of issue

+Security type

Options

Number of +securities proposed to be issued
40,000,000

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
8 options for each convertible note of $1 issued.

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
0.000010

Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes

Options details

+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.0300	31/5/2029

Details of the type of +security that will be issued if the option is exercised
CMD : ORDINARY FULLY PAID

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

Number of securities that will be issued if the option is exercised
40000000

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.
www.cassiusmining.com

Part 7C - Timetable

7C.1 Proposed +issue date
22/5/2026

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
22/5/2026

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?
Yes

7E.1a Who is the lead manager/broker?
GBA Capital Pty Ltd

7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?
5% of the funds raised for the funds raised from the issue of Secured Convertible Notes
$175,000 to be issued by the issue of approximately 5,371,394 shares and 5,371,394 unlisted options exercisable at
$0.03 with an expiry date of 3 years from the date of issue.

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

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

Part 7F - Further Information

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

Exploration expenditure, damages claim against Ghana and working capital.

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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