CHALICE MINING LIMITED — Share Issue/Capital Change 2023

Aug 31, 2023

Application for quotation of +securities

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Announcement Summary

Entity name

CHALICE MINING LIMITED

Announcement Type

New announcement

Date of this announcement

Friday September 01, 2023

The +securities to be quoted are:

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Other

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
CHN	ORDINARY FULLY PAID	629,755	01/09/2023

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

CHALICE MINING LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ABN

Registration number 47116648956

1.3 ASX issuer code

CHN

1.4 The announcement is

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New announcement

1.5 Date of this announcement

1/9/2023

Application for quotation of +securities

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Application for quotation of +securities

Part 2 - Type of Issue

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2.1 The +securities to be quoted are:

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Other

2.2 The +securities to be quoted are:

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Additional +securities in a class that is already quoted on ASX ("existing class")

2.3c Have these +securities been offered under a +disclosure document or +PDS?

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No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

The securities are being issued to Northam Resources Limited (Northam) as consideration for entering into an earn-in agreement with Chalice. No Appendix 3B has previously been announced to the market as the nature of the consideration was not previously determined. Refer to the ASX announcement dated 21 July 2023 for further information.

2.4 Any on-sale of the +securities to be quoted 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)

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Application for quotation of +securities

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

Additional +securities to be quoted in an existing class

ASX +security code and description

CHN : ORDINARY FULLY PAID

Issue date 1/9/2023 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Issue details Number of +securities to be quoted 629,755 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities

Northam providing Chalice the right to earn up to a 70% interest in Northam's exploration licence holding in the West Yilgarn. Refer to the ASX announcement dated 21 July 2023.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 3.890400 Any other information the entity wishes to provide about the +securities to be quoted

The issue price has been determined by using the VWAP of Chalice shares on the ASX for the 5 trading days up to and including 31 August 2023.

The purpose(s) for which the entity is issuing the securities

To pay for the acquisition of an asset

Please provide additional details

Northam providing Chalice the right to earn up to a 70% interest in Northam's exploration licence holding in the West Yilgarn. Refer to the ASX announcement dated 21 July 2023.

Application for quotation of +securities

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital 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 on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
CHN : ORDINARY FULLY PAID	388,351,933

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	736,158
CHNAI : PERFORMANCE RIGHT	2,121,244

Application for quotation of +securities

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Application for quotation of +securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does 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?

629,755

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)? N/A

Application for quotation of +securities

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