CODA MINERALS LTD — Share Issue/Capital Change 2021

Jun 28, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

CODA MINERALS LTD

Date of this announcement

Tuesday June 29, 2021

The +securities the subject of this notification are: Other

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	Performance Rights - Tranche 1	250,000	28/06/2021
to be confirmed
New class - code	Performance Rights - Tranche 2	250,000	28/06/2021
to be confirmed

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

CODA MINERALS LTD

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

49625763957

1.3 ASX issuer code

COD

1.4 The announcement is

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New announcement

1.5 Date of this announcement

29/6/2021

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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Other

Please specify

500,000 PRs issued on the completion of the Cameron River Farm-in Agreement CPs.

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

New +securities ASX +security code +Security description New class - code to be confirmed Performance Rights - Tranche 1 +Security type ISIN code Other Date the +securities the subject of this notification were issued 28/6/2021 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes 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/20210322/pdf/44tvvmrxj6g5hd.pdf Any other information the entity wishes to provide about the +securities the subject of this notification 250,000 Tranche 1 PRs issued on the completion of the Cameron River Farm-in Agreement CPs. Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B Refer Appendix 3B released on 21 June 2021.

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Issue details

Number of +securities

250,000

Were the +securities issued for a cash consideration? No

Please describe the consideration being provided for the +securities

250,000 Tranche 1 PRs issued on the completion of the Cameron River Farm-in Agreement CPs.

Purpose of the issue Other

Additional Details

Issued pursuant to the completion of the Cameron River Farm-in Agreement CPs.

New +securities ASX +security code +Security description New class - code to be confirmed Performance Rights - Tranche 2 +Security type ISIN code Other Date the +securities the subject of this notification were issued 28/6/2021 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

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/20210322/pdf/44tvvmrxj6g5hd.pdf

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

250,000 Tranche 2 PRs issued on the completion of the Cameron River Farm-in Agreement CPs.

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

Refer Appendix 3B released on 21 June 2021.

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Issue details

Number of +securities 250,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities 250,000 Tranche 2 PRs issued on the completion of the Cameron River Farm-in Agreement CPs. Purpose of the issue Other Additional Details Refer Appendix 3B released on 21 June 2021.

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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
COD : ORDINARY FULLY PAID	81,953,723
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
CODAA : ORDINARY FULLY PAID RESTRICTED	3,012,508
CODAB : ORDINARY FULLY PAID RESTRICTED	1,533,335
CODAC : ORDINARY FULLY PAID RESTRICTED	4,956,666
CODAD : ORDINARY FULLY PAID RESTRICTED	6,310,952
CODAE : OPTION EXPIRING 03-JUL-2024 RESTRICTED	6,000,000
New class - code to be confirmed : Performance Rights - Tranche 1	250,000
New class - code to be confirmed : Performance Rights - Tranche 2	250,000

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? 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?

500,000 performance rights (250,000 tranche 1 performance rights and 250,000 tranche 2 performance rights).

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)? No

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