CHALICE MINING LIMITED — Capital/Financing Update 2025

Aug 27, 2025

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

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Announcement Summary

Entity name

CHALICE MINING LIMITED

Date of this announcement

Thursday August 28, 2025

The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
CHNAI	PERFORMANCE RIGHT	2,102,618	28/08/2025
New class - code	Unquoted options exercisable at $2.60 expiring 26	3,564,560	28/08/2025
to be confirmed	August 2028

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

CHALICE 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 Registration number ABN 47116648956

1.3 ASX issuer code

CHN

1.4 The announcement is

New announcement

1.5 Date of this announcement

28/8/2025

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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 under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

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

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

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

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

Additional +securities in an existing class issued under an +employee incentive scheme ASX +security code and description

CHNAI : PERFORMANCE RIGHT

Date the +securities the subject of this notification were issued

28/8/2025

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Christopher MacKinnon	Christopher MacKinnon	186,414
Daniel Brearley	Daniel Brearley	227,874

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

A summary of the terms of the Employee Securities Incentive Plan is set out in Schedule 4 of the Notice of Annual General Meeting Explanatory Memorandum (Notice) lodged with the ASX on 21 October 2024 A copy of the Notice is available at: https://chalicemining.com/wp-content/uploads/2024/10/61232377.pdf

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

Each Performance Right is an entitlement to receive one fully paid ordinary share in Chalice Mining Limited (ASX code: CHN), provided the vesting conditions are satisfied. Refer to the announcement titled "Issue of Performance Rights" lodged with the ASX on 28 August 2025 for further details.

Issue details

Number of +securities

2,102,618

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Appendix 3G - 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)

New +securities issued under an +employee incentive scheme

ASX +security code New class - code to be confirmed	+Security description Unquoted options exercisable at $2.60 expiring 26 August 2028
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued 28/8/2025 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? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Christopher MacKinnon	Phoebe MacKinnon	274,491
Daniel Brearley	Daniel Brearley	335,541

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.

Options Details

+Security currency AUD - Australian Dollar

Exercise price Expiry date AUD 2.60000000 26/8/2028

Expiry date

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

CHN : ORDINARY FULLY PAID

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

A summary of the terms of the Employee Securities Incentive Plan is set out in Schedule 4 of the Notice of Annual General Meeting Explanatory Memorandum (Notice) lodged with the ASX on 21 October 2024. A copy of the Notice is available at: https://chalicemining.com/wp-content/uploads/2024/10/61232377.pdf

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

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

The options issued have a vesting date of 26 August 2027.

Issue details

Number of +securities

3,564,560

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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
CHN : ORDINARY FULLY PAID	389,105,591
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
CHNAJ : RETENTION RIGHTS	394,140
CHNAT : OPTION EXPIRING 28-OCT-2027 EX $2.05	600,000
CHNAE : OPTION EXPIRING 13-MAY-2028 EX $1.72	250,000
CHNAI : PERFORMANCE RIGHT	6,688,016
New class - code to be confirmed : Unquoted options exercisable at $2.60 expiring 26	3,564,560
August 2028

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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