CODRUS MINERALS LIMITED — Share Issue/Capital Change 2021

Dec 2, 2021

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

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Announcement Summary

Entity name

CODRUS MINERALS LIMITED

Date of this announcement

Friday December 03, 2021

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that 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
New class - code	Performance Rights Expiring 3 - December - 2026	4,500,000	03/12/2021
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

CODRUS MINERALS 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

ABN

Registration number

17600818157

1.3 ASX issuer code

CDR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

3/12/2021

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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

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ASX +security code +Security description
New class - code to be confirmed Performance Rights Expiring 3 - December - 2026
+Security type ISIN code
Other
Date the +securities the subject of this notification were issued
3/12/2021
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?
No
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/20211025/pdf/45220rf91x0yy9.pdf
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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 https://www.asx.com.au/asxpdf/20210621/pdf/44xk2w7w58w4nq.pdf Any other information the entity wishes to provide about the +securities the subject of this notification

Issue of Performance Rights as per the Terms and Conditions contained in the Notice of Annual General Meeting, 25 October 2021.

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Issue details

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Number of +securities 1,350,000 Number of +securities 1,800,000

Number of +securities 1,350,000

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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
CDR : ORDINARY FULLY PAID	40,000,000
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
CDRAA : ORDINARY FULLY PAID RESTRICTED	35,000,004
CDRAB : OPTION EXPIRING 17-JUN-2023 RESTRICTED	6,000,000
CDRAC : OPTION EXPIRING 17-JUN-2024 RESTRICTED	6,000,000
CDRAD : PERFORMANCE RIGHTS RESTRICTED	5,000,000
CDRAE : PERFORMANCE RIGHTS EXPIRING 23-JULY-2026	2,600,000
New class - code to be confirmed : Performance Rights Expiring 3 - December - 2026	4,500,000

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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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