CONICO LTD

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30 October 2025

Dear Shareholder,

Conico Ltd – Upcoming Annual General Meeting

Conico Ltd (ASX: CNJ) ( Company ) will be holding its Annual General Meeting at the offices of the Company, Level 15, 197 St Georges Terrace, Perth, Western Australia at 2:00pm (AWST) on Friday, 28 November 2025 ( Meeting ).

Notice of Meeting

The Notice of Meeting and Explanatory Memorandum ( Notice ) for the Meeting is available online and can be viewed and downloaded by shareholders from the Company’s website at https://conico.com.au/announcements/ or the Company's ASX market announcements platform at www.asx.com.au (ASX:CNJ).

In accordance with sections 110C-110K of the Corporations Act 2001 (Cth) (as inserted by the Treasury Laws Amendment (2021 Measures No.1) Act 2021 (Cth), Shareholders will not be sent a hard copy of the Notice or Proxy Form unless Shareholders have already notified the Company that they wish to receive documents such as the Notice and Proxy Form in hard copy.

Online
scan the QR code
below using your
smartphone

Lodge the Proxy Form online at https://investor.automic.com.au/#/loginsah by following the
instructions:
1. Login to the Automic website using the holding details as shown on your holding
statement.
2. Click on ‘View Meetings’ – ‘Vote’.
To use the online lodgment facility, Shareholders will need their holder number
(Securityholder Reference Number (SRN) or Holder Identification Number (HIN)) as shown
at the topofyour holdingstatement.

For further information on the online proxy lodgment process, or if you require a hard copy Proxy Form, please contact the Company’s Share Registry, Automic Registry Services (Automic), at [email protected] or via phone on 1300 288 664 (within Australia) or +61 2 9698 5414 (overseas).

Shareholder queries in relation to the Meeting

Shareholders can contact the Company Secretary with any questions prior to the meeting via email at [email protected].

Copies of all Meeting related material including the Notice and the Company's Annual Report, are available to download from the Company’s website and the Company's ASX market announcements platform. In the event it is necessary or appropriate for the Company to make alternative arrangements for the Meeting, information will be provided to Shareholders via the ASX and the Company’s website.

Authorised for ASX release by the Company Secretary. Brett Tucker

Company Secretary, Conico Ltd

ABN 49 119 057 457 Level 15, 197 St George’s Terrace Perth, WA 6000

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+61 (0)8 9282 5889 [email protected]

@conico_ltd @ConicoLtd

Australia

www.conico.com.au

conico-limited

CONICO LTD ACN 119 057 457 NOTICE OF ANNUAL GENERAL MEETING

Notice is given that the Meeting will be held at:

TIME : 2:00pm WST DATE : Friday, 28 November 2025 PLACE : Level 15, 197 St Georges Terrace, Perth WA 6000

The business of the Meeting affects your shareholding and your vote is important.

This Notice should be read in its entirety. If Shareholders are in doubt as to how they should vote, they should seek advice from their professional advisers prior to voting.

The Directors have determined pursuant to Regulation 7.11.37 of the Corporations Regulations 2001 (Cth) that the persons eligible to vote at the Meeting are those who are registered Shareholders at 4:00pm WST on 26 November 2025.

B U S I N ES S OF TH E M EE T I N G

AGENDA

1. FINANCIAL STATEMENTS AND REPORTS

To receive and consider the annual financial report of the Company for the financial year ended 30 June 2025 together with the declaration of the Directors, the Director’s report, the Remuneration Report and the auditor’s report.

2. RESOLUTION 1 – ADOPTION OF REMUNERATION REPORT

To consider and, if thought fit, to pass, with or without amendment, the following resolution as a non-binding resolution :

“That, for the purposes of section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption of the Remuneration Report as contained in the Company’s annual financial report for the financial year ended 30 June 2025.”

Note: The vote on this Resolution is advisory only and does not bind the Directors or the Company.

3. RESOLUTION 2 – RE-ELECTION OF DOUGLAS SOLOMON To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution :

“That, for the purpose of clause 11.3 of the Constitution, Listing Rule 14.4 and for all other purposes, Douglas Solomon, a Director, retires by rotation, and being eligible, is re-elected as a Director.”

4. RESOLUTION 3 – CONSOLIDATION OF CAPITAL

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution :

"That, pursuant to section 254H of the Corporations Act and for all other purposes, Shareholders approve the Consolidation of the issued capital of the Company on the basis that:

(a) every 8 Shares be consolidated into 1 Share; and

(b) every 8 Options be consolidated into 1 Option,

with fractional entitlements rounded up to the nearest whole Security."

5. RESOLUTION 4 – APPROVAL TO ISSUE SHARES TO UNRELATED PARTIES – CONVERTIBLE LOAN AGREEMENT

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution :

“That, for the purposes of Listing Rule 7.1 and for all other purposes, approval is given for the Company to issue up to 1,333,000,000 Shares (on a pre-Consolidation basis) to unrelated parties on the terms and conditions set out in the Explanatory Statement.”

6. RESOLUTION 5 – APPROVAL TO ISSUE SHARES TO RELATED PARTIES – CONVERTIBLE LOAN AGREEMENT

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution :

“That, for the purposes of Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue up to 112,000,000 Shares (on a pre-Consolidation basis) to entities related to Guy Le Page and on the terms and conditions set out in the Explanatory Statement.”

7. RESOLUTION 6 – APPROVAL TO ISSUE SECURITIES TO TEMPLAR CORPORATE – CONVERTIBLE LOAN LEAD MANAGER FEE

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution :

“That, for the purposes of Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue 84,300,000 Shares and 800,000,000 Options (on a preConsolidation basis) to Templar Corporate (or its nominee(s)) on the terms and conditions set out in the Explanatory Statement.”

8. RESOLUTION 7 – RATIFICATION OF PRIOR ISSUE OF SETTLEMENT SHARES

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution :

“That, for the purposes of Listing Rule 7.4 and for all other purposes, Shareholders ratify the issue of 34,658,000 Shares to Cartwright Drilling Inc on the terms and conditions set out in the Explanatory Statement.”

9. RESOLUTION 8 – APPROVAL TO ISSUE SHARES TO 1145635 B.C. LTD – ADVISOR SHARES

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution :

“That, for the purposes of Listing Rule 7.1 and for all other purposes, approval is given for the Company to issue 150,000,000 Shares (on a pre-Consolidation basis) to 1145635 B.C. Ltd on the terms and conditions set out in the Explanatory Statement.”

10. RESOLUTION 9 – APPROVAL TO ISSUE SHARES TO GUY LE PAGE IN LIEU OF DIRECTORS’ FEES

To consider and, if thought fit, to pass the following resolution as an ordinary resolution:

“That, for the purposes of Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue 35,100,000 Shares (on a pre-Consolidation basis) to Guy Le Page (or their nominee(s)) on the terms and conditions set out in the Explanatory Statement.”

11. RESOLUTION 10 – APPROVAL TO ISSUE SHARES TO GREGORY SOLOMON IN LIEU OF DIRECTORS’ FEES

To consider and, if thought fit, to pass the following resolution as an ordinary resolution:

“That, for the purposes of Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue 43,875,000 Shares (on a pre-Consolidation basis) to Gregory Solomon (or their nominee(s)) on the terms and conditions set out in the Explanatory Statement.”

12. RESOLUTION 11 – APPROVAL TO ISSUE SHARES TO DOUGLAS SOLOMON IN LIEU OF DIRECTORS’ FEES

To consider and, if thought fit, to pass the following resolution as an ordinary resolution:

“That, for the purposes of Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue 26,325,000 Shares (on a pre-Consolidation basis) to Douglas Solomon (or their nominee(s)) on the terms and conditions set out in the Explanatory Statement.”

13. RESOLUTION 12 – APPROVAL TO ISSUE SHARES TO RM CORPORATE FINANCE IN LIEU OF ADVISOR FEES

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution :

“That, that, for the purposes of Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue 42,828,000 Shares (on a pre-Consolidation basis) to RM Corporate Finance (or its nominee(s)) on the terms and conditions set out in the Explanatory Statement.”

14. RESOLUTION 13 – APPROVAL TO ISSUE UNDERWRITING FEE SECURITIES TO TEMPLAR CORPORATE

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution :

“That, for the purposes of Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue up to 125,133,813 Shares and 800,000,000 Options (on a pre-Consolidation basis) to Templar Corporate (or its nominee(s)) on the terms and conditions set out in the Explanatory Statement.”

15. RESOLUTION 14 – APPROVAL TO ISSUE BROKER FEE SHARES TO TEMPLAR CORPORATE

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution :

“That, for the purposes of Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue 30,000,000 Shares (on a pre-Consolidation basis) to Templar Corporate (or its nominee(s)) on the terms and conditions set out in the Explanatory Statement.”

16. RESOLUTION 15 – APPROVAL OF 7.1A MANDATE

To consider and, if thought fit, to pass the following resolution as a special resolution :

“That, for the purposes of Listing Rule 7.1A and for all other purposes, approval is given for the Company to issue up to that number of Equity Securities equal to 10% of the issued capital of the Company at the time of issue, calculated in accordance with the formula prescribed in Listing Rule 7.1A.2 and otherwise on the terms and conditions set out in the Explanatory Statement.”

17. RESOLUTION 16 – APPOINTMENT OF AUDITOR

To consider and, if thought fit, to pass the following resolution as an ordinary resolution :

“That, for the purposes of section 327B(1) of the Corporations Act 2001 and for all other purposes, In.Corp Audit & Assurance Pty Ltd (ABN 14 129 769 151), having been nominated by a Shareholder and consented in writing to act as Auditor of the Company, be appointed auditor of the Company, to hold office from the conclusion of this Meeting until it resigns or is removed from the office of auditor of the Company.”

Dated: 30 October 2025

Voting Prohibition Statements

Resolution 1 – Adoption of Remuneration Report	A vote on this Resolution must not be cast (in any capacity) by or on behalf of either of the following persons: (a) a member of the Key Management Personnel, details of whose remuneration are included in the Remuneration Report; or (b) a Closely Related Party of such a member. However, a person (thevoter) described above may cast a vote on this Resolution as a proxy if the vote is not cast on behalf of a person described above and either: (a) the voter is appointed as a proxy by writing that specifies the way the proxy is to vote on this Resolution; or (b) the voter is the Chair and the appointment of the Chair as proxy: (i) does not specify the way the proxy is to vote on this Resolution; and (ii) expressly authorises the Chair to exercise the proxy even though this Resolution is connected directly or indirectly with the remuneration of a member of the Key Management Personnel.
Resolution 9 – Approval to issue shares to Guy Le Page in lieu of Directors’ fees	A person appointed as a proxy must not vote, on the basis of that appointment, on this Resolution if: (a) the proxy is either: (i) a member of the Key Management Personnel; or (ii) a Closely Related Party of such a member; and (b) the appointment does not specify the way the proxy is to vote on this Resolution. However, the above prohibition does not apply if: (a) the proxy is the Chair; and (b) the appointment expressly authorises the Chair to exercise the proxy even though this Resolution is connected directly or indirectly with remuneration of a member of the Key Management Personnel.
Resolution 10 – Approval to issue shares to Gregory Solomon in lieu of Directors’ fees	A person appointed as a proxy must not vote, on the basis of that appointment, on this Resolution if: (a) the proxy is either: (i) a member of the Key Management Personnel; or (ii) a Closely Related Party of such a member; and (b) the appointment does not specify the way the proxy is to vote on this Resolution. However, the above prohibition does not apply if: (a) the proxy is the Chair; and (b) the appointment expressly authorises the Chair to exercise the proxy even though this Resolution is connected directly or indirectly with remuneration of a member of the Key Management Personnel.
Resolution 11 – Approval to issue shares to Douglas Solomon in lieu of Directors’ fees	A person appointed as a proxy must not vote, on the basis of that appointment, on this Resolution if: (a) the proxy is either: (i) a member of the Key Management Personnel; or (ii) a Closely Related Party of such a member; and (b) the appointment does not specify the way the proxy is to vote on this Resolution. However, the above prohibition does not apply if: (a) the proxy is the Chair; and (b) the appointment expressly authorises the Chair to exercise the proxy even though this Resolution is connected directly or indirectly with remuneration of a member of the Key Management Personnel.

Voting Exclusion Statements

In accordance with Listing Rule 14.11, the Company will disregard any votes cast in favour of the Resolution set out below by or on behalf of the following persons:

Resolution 4 – Approval to issue Shares to unrelated parties - Convertible Loan Agreements	The parties to the Convertible Loan Agreements, or any other person who is expected to participate in, or who will obtain a material benefit as a result of, the proposed issue (except a benefit solely by reason of being a holder of ordinary securities in the Company) or an associate of that person (or those persons).
Resolution 5 – Approval to issue Shares to Related Parties – Convertible Loan Agreements	Sabre Power Systems Pty Ltd, Orequest Pty Ltd and Guy Le Page (or their nominee(s)) and any other person who will obtain a material benefit as a result of the issue of the securities (except a benefit solely by reason of being a holder of ordinary securities in the Company) or an associate of that person or those persons.
Resolution 6 - Approval to issue Shares to Templar Corporate – Convertible Loan Lead Manager Fee	Templar Corporate and Guy Le Page (or its nominee(s)) and any other person who will obtain a material benefit as a result of the issue of the securities (except a benefit solely by reason of being a holder of ordinary securities in the Company) or an associate of that person or those persons.

Resolution 7 – Ratification of Settlement Shares	Cartwright Drilling Inc or any other person who participated in the issue or an associate of that person or those persons.
Resolution 8 - Approval to issue Shares to 1145635 B.C. Ltd – Advisor Shares	1145635 B.C. Ltd or any other person who is expected to participate in, or who will obtain a material benefit as a result of, the proposed issue (except a benefit solely by reason of being a holder of ordinary securities in the Company) or an associate of that person (or those persons).
Resolution 9 – Approval to issue Shares to Guy Le Page in lieu of Directors’ fees	Guy Le Page (or their nominee(s)) and any other person who will obtain a material benefit as a result of the issue of the shares (except a benefit solely by reason of being a holder of ordinary shares in the Company) or an associate of that person or those persons.
Resolution 10 – Approval to issue Shares to Gregory Solomon in lieu of Directors’ fees	Gregory Solomon (or their nominee(s)) and any other person who will obtain a material benefit as a result of the issue of the shares (except a benefit solely by reason of being a holder of ordinary shares in the Company) or an associate of that person or those persons.
Resolution 11 – Approval to issue Shares to Douglas Solomon in lieu of Directors’ fees	Douglas Solomon (or their nominee(s)) and any other person who will obtain a material benefit as a result of the issue of the shares (except a benefit solely by reason of being a holder of ordinary shares in the Company) or an associate of that person or those persons.
Resolution 12 - Approval to issue Shares to RM Corporate Finance in lieu of Advisor fees	RM Corporate Finance and Guy Le Page (or its nominee(s)) and any other person who will obtain a material benefit as a result of the issue of the securities (except a benefit solely by reason of being a holder of ordinary securities in the Company) or an associate of that person or those persons.
Resolution 13 – Approval to issue Underwriting Fee Securities to Templar Corporate	Templar Corporate and Guy Le Page (or its nominee(s)) and any other person who will obtain a material benefit as a result of the issue of the securities (except a benefit solely by reason of being a holder of ordinary securities in the Company) or an associate of that person or those persons.
Resolution 14 – Approval to issue Shares to the Broker Fee Shares to Templar Corporate	Templar Corporate and Guy Le Page (or its nominee(s)) and any other person who will obtain a material benefit as a result of the issue of the securities (except a benefit solely by reason of being a holder of ordinary securities in the Company) or an associate of that person or those persons.

However, this does not apply to a vote cast in favour of the Resolution by:

(a) a person as a proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with the directions given to the proxy or attorney to vote on the Resolution in that way; or
(b) the Chair as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with a direction given to the Chair to vote on the Resolution as the Chair decides; or
(c) a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met:
(i) the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the Resolution; and
(ii) the holder votes on the Resolution in accordance with directions given by the beneficiary to the holder to vote in that way.

Voting by proxy

To vote by proxy, please complete and sign the enclosed the Proxy Form and return by the time and in accordance with the instructions set out on the Proxy Form.

In accordance with section 249L of the Corporations Act, Shareholders are advised that:

each Shareholder has a right to appoint a proxy;
the proxy need not be a Shareholder of the Company; and
a Shareholder who is entitled to cast two or more votes may appoint two proxies and may specify the proportion or number of votes each proxy is appointed to exercise. If the Shareholder appoints two proxies and the appointment does not specify the proportion or number of the member’s votes, then in accordance with section 249X(3) of the Corporations Act, each proxy may exercise one-half of the votes.

Shareholders and their proxies should be aware that:

if proxy holders vote, they must cast all directed proxies as directed; and
any directed proxies which are not voted will automatically default to the Chair, who must vote the proxies as directed.

Voting in person

To vote in person, attend the Meeting at the time, date and place set out above.

Should you wish to discuss the matters in this Notice please do not hesitate to contact the Company Secretary on +61 8 9282 5889.

E X P L A N A T O R Y S T A T EM E N T

This Explanatory Statement has been prepared to provide information which the Directors believe to be material to Shareholders in deciding whether or not to pass the Resolutions.

For the avoidance of doubt, other than where expressly stated otherwise in this Explanatory Statement, in relation to Resolutions 2 to 6 and 8 to 12, the numbers of Securities set out in this Notice are stated on a -pre-consolidated basis.

1. FINANCIAL STATEMENTS AND REPORTS

In accordance with the Corporations Act, the business of the Meeting will include receipt and consideration of the annual financial report of the Company for the financial year ended 30 June 2025 together with the declaration of the Directors, the Directors’ report, the Remuneration Report and the auditor’s report.

The Company will not provide a hard copy of the Company’s annual financial report to Shareholders unless specifically requested to do so. The Company’s annual financial report is available on its website at www.conico.com.au.

2. RESOLUTION 1 – ADOPTION OF REMUNERATION REPORT

2.1 General

The Corporations Act requires that at a listed company’s annual general meeting, a resolution that the remuneration report to be adopted must be put to the shareholders. However, such a resolution is advisory only and does not bind the company or the directors of the company.

The remuneration report sets out the company’s remuneration arrangements for the directors and senior management of the company. The remuneration report is part of the directors’ report contained in the annual financial report of the company for a financial year.

The chair of the meeting must allow a reasonable opportunity for its shareholders to ask questions about or make comments on the remuneration report at the annual general meeting.

2.2 Voting consequences

A company is required to put to its shareholders a resolution proposing the calling of another meeting of shareholders to consider the appointment of directors of the company ( Spill Resolution ) if, at consecutive annual general meetings, at least 25% of the votes cast on a remuneration report resolution are voted against adoption of the remuneration report and at the first of those annual general meetings a Spill Resolution was not put to vote. If required, the Spill Resolution must be put to vote at the second of those annual general meetings.

If more than 50% of votes cast are in favour of the Spill Resolution, the company must convene a shareholder meeting ( Spill Meeting ) within 90 days of the second annual general meeting.

All of the directors of the company who were in office when the directors' report (as included in the company’s annual financial report for the most recent financial year) was approved, other than the managing director of the company, will cease to hold office immediately before the end of the Spill Meeting but may stand for re-election at the Spill Meeting.

Following the Spill Meeting those persons whose election or re-election as directors of the company is approved will be the directors of the company.

2.3 Previous voting results

At the Company’s previous annual general meeting the votes cast against the remuneration report considered at that annual general meeting were less than 25%. Accordingly, the Spill Resolution is not relevant for this Meeting.

3. RESOLUTION 2 – RE-ELECTION OF DOUGLAS SOLOMON

3.1 General

Listing Rule 14.4 and clause 11.3 of the Constitution provide that, other than a managing director, a director of an entity must not hold office (without re-election) past the third annual general meeting following the director’s appointment or three years, whichever is the longer.

Douglas Solomon, being eligible, retires by rotation and seeks re-election.

Further information in relation to Mr Solomon is set out below.

Qualifications, experience and other material directorships	Mr Solomon has had extensive experience in many areas of law including real property, property development law, strata titles law, conveyancing and settlements, finance and securities, leasing, planning and environmental law, corporations law and business associations, commercial law, construction law, commercial litigation and alternative dispute resolution, contract law, statutory interpretation, franchising, administrative law, recoveries, insolvency, trusts, trade practices and competition and consumer law, insurance and torts law, public and professional liability and general legal services. Mr Solomon work in all these areas has covered many major commercial and litigious matters and has involved a very wide range of international, national, governmental and local clients. Mr Solomon has acted and continues to act as a director of a number of public companies. Mr Solomon has appeared as counsel in all Western Australian and federal courts (including the High Court) and tribunals on a very wide range of commercial and other litigation matter. Mr Solomon also serves as executive director of Tasman Resources Limited (ASX:TAS) and Eden Innovations Ltd (ASX:EDE)
Term of office	Mr Solomon has served as a Director since 30 March 2006.
Independence	If re-elected, the Board considers that Mr Solomon will be an independent Director.
Board recommendation	Having received an acknowledgement from Mr Solomon that they will have sufficient time to fulfil their responsibilities as a Director and having reviewed the performance of Mr Solomon since their appointment to the Board and the skills, knowledge, experience and capabilities required by the Board, the Directors (other than Mr Solomon) recommend that Shareholders vote in favour of this Resolution.

3.2 Technical information required by Listing Rule 14.1A

If this Resolution is passed, Mr Solomon will be re-elected to the Board as an independent Director.

If this Resolution is not passed, Mr Solomon will not continue in their role as an independent Director. The Company may seek nominations or otherwise identify suitably qualified candidates to join the Company. As an additional consequence, this may detract from the Board and Company’s ability to execute on its strategic vision.

4. RESOLUTION 3 – CONSOLIDATION OF CAPITAL

4.1 Background

This Resolution seeks Shareholder approval for the purposes of section 254 of the Corporations Act and all other purposes to consolidate the Company's issued capital on a 1:8 basis ( Consolidation ).

4.2 Legal requirements

Section 254H of the Corporations Act provides that a company may, by resolution passed in a general meeting, convert all or any of its shares into a larger or smaller number.

Listing Rule 7.20 provides that if an entity proposes to reorganise its capital, it must tell shareholders of each of the following:

(a) the effect of the proposal on the number of securities and the amount unpaid (if any) of the securities;
(b) the proposed treatment of any fractional entitlements arising from the reorganisation; and
(c) the proposed treatment of any convertible securities on issue.

Listing Rule 7.22 provides that where an entity with options on issue undertakes a consolidation of its issued capital, the number of options must be consolidated in the same ratio as the ordinary capital and the exercise price must be amended in inverse proportion to that ratio.

4.3 Effect on capital structure

The effect which the Consolidation will have on the Company’s capital structure is set out in the table below.

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SHARES OPTIONS [1]
Shares on issue as at the date of this Notice 272,145,702 28,208,864
Resolution 4 – Approval to issue Shares to unrelated -
parties - Convertible Loan Agreements [2 ] 1,333,000,000
Resolution 5 – Approval to issue shares to Related -
Party – Convertible Loan Agreements [2] 112,000,000
Resolution 6 - Approval to issue Securities to Templar 84,300,000 800,000,000
Corporate – Convertible Loan Lead Manager Fee [2]
Resolution 8 - Approval to issue Shares to 1145635 150,000,000 -
B.C. Ltd – Advisor Shares [2]
Resolution 9 – Approval to issue shares to Guy Le 35,100,000 -
Page in lieu of Directors’ fees [2]
Resolution 10 – Approval to issue shares to Gregory 43,875,000 -
Solomon in lieu of Directors’ fees [2]
Resolution 11 – Approval to issue shares to Douglas 26,325,000 -
Solomon in lieu of Directors’ fees [2]
Resolution 12 - Approval to issue Shares to RM 42,828,000 -
Corporate Finance in lieu of Advisor fees [2]
Resolution 13 - Approval to issue underwriting fee 125,133,813 800,000,000
Securities to Templar Corporate
Resolution 14 - Approval to issue Broker fee Shares 30,000,000
to Templar Corporate
Sub-total 2,254,707,515 1,628,208,864
Post Consolidation [3,4] 281,838,439 203,526,108
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Notes:

The terms of these Options are set out in the table below.
Assumes Shareholder approval is sought at this Meeting.
Assumes no Shares are issued (including on the exercise or conversion of convertible securities.
Subject to rounding of fractional entitlements in accordance Section 4.4 below.

The effect the Consolidation will have on the terms of the convertible securities that are current only issue or proposed to be issued as outlined in the table above (subject to rounding of fractional entitlements) is set out in the tables below:

Quoted Options

CLASS	EXPIRY DATE	PRE-CONSOLIDATION	PRE-CONSOLIDATION	POST-CONSOLIDATION	POST-CONSOLIDATION
		NUMBER	EXERCISE PRICE	NUMBER	EXERCISE PRICE
CNJO Options	31/12/2026	28,109,265	$0.26	3,513,658	$2.08

Unquoted Options

CLASS	EXPIRY DATE	PRE-CONSOLIDATION	PRE-CONSOLIDATION	POST-CONSOLIDATION	POST-CONSOLIDATION
		NUMBER	EXERCISE PRICE	NUMBER	EXERCISE PRICE
CNJ Options	1/1/2026	100,000	$0.25	12,500	$2.00

4.4 Fractional entitlements

Not all security holders will hold that number of Securities which can be evenly divided by 8. Fractional entitlements will be rounded up to the nearest whole number.

4.5 Indicative timetable

If this Resolution is passed, the Consolidation will take effect in accordance with the following timetable (as set out in Appendix 7A (paragraph 7) of the Listing Rules):

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ACTION DATE
Company announces Consolidation and releases Appendix 30 October 2025
3A.3
Company sends out the Notice 30 October 2025
Shareholders approve the Consolidation 28 November 2025
Issue of Securities the subject of Resolutions 4 – 6 and 8 - 12 28 November 2025
Company announces Effective Date of Consolidation 28 November 2025
Effective Date of Consolidation 1 December 2025
Last day for pre-Consolidation trading 2 December 2025
Post-Consolidation trading commences on a deferred 3 December 2025
settlement basis
Record Date 4 December 2025
Last day for the Company to register transfers on a pre-
Consolidation basis
First day for the Company to update its register and send 5 December 2025
holding statements to security holders reflecting the change in
the number of Securities they hold
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ACTION DATE
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Last day for the Company to update its register and to send holding statements to security holders reflecting the change in the number of Securities they hold and to notify ASX that this has occurred	11 December 2025

The above timetable is indicative only and the Board reserves the right to vary the timetable subject to compliance with the Listing Rules and all other applicable laws.

4.6 Holding statements

From the date two Business Days after the Effective Date (as set out in the timetable in Section 4.5 above), all holding statements for Securities will cease to have any effect, except as evidence of entitlement to a certain number of Securities on a postConsolidation basis.

After the Consolidation becomes effective, the Company will arrange for new holding statements for Securities to be issued to holders of those Securities.

It is the responsibility of each security holder to check the number of Securities held prior to disposal or exercise (as the case may be).

4.7 Taxation

It is not considered that any taxation implications will exist for security holders arising from the Consolidation. However, security holders are advised to seek their own tax advice on the effect of the Consolidation and neither the Company, nor its advisers, accept any responsibility for the individual taxation implications arising from the Consolidation.

5. BACKGROUND TO RESOLUTIONS 4 TO 6 – CONVERTIBLE LOAN AGREEMENTS

5.1 Convertible Loan Agreements

As announced on 6 June 2025, 4 September 2025 and 30 October 2025, the Company has entered into convertible loan agreements ( Convertible Loan Agreements ) with a face value of $1,405,000 under a convertible facility agreed with:

(a) unrelated institutional and sophisticated investors, who loaned an aggregate of $1,296,000; and
(b) Sabre Power Systems Pty Ltd and Orequest Pty Ltd, as trustee for the CNT Family Trust (entities jointly controlled by Director, Guy Le Page), who loaned $43,000 and $66,000 respectively, for a total of $109,000.

The key terms of the Convertible Loan Agreements are set out below.

CONVERTIBLE LOAN	AGREEMENT
Interest Rate (%)	5% per annum, accrued daily and payable through issue of Shares at deemed price of $0.008 (post-Consolidation basis), being $0.001 (pre-Consolidation basis) (Deemed Issue Price), to be issued on conversion or repayment of the Converting Loan, as the case may be.
Security	Unsecured
Lead Manager	Templar Corporate
Fees	6% (plus GST) of the amount subscribed to be converted to equity on the same terms as the Converting Loan subject to Shareholder approval
Conversion Terms	The Converting Loan (and any accrued and outstanding interest) will convert to Shares in the capital of the Company at a General Meeting of the Company at the Deemed Issue Price.

Repayment Date Unless converted to Shares, the Converting Loan (and any outstanding interest) will be repayable in full on 5:00pm EST on 14 April 2026.

In accordance with the terms of the Convertible Loan Agreements set out above, the Company will issue an aggregate of:

(a) up to 1,333,000,000 Shares at the Deemed Issue Price (pre-Consolidation basis) on conversion of the principal balance and accrued interest to unrelated parties ( Unrelated Party Shares ) (the subject of Resolution 4); and
(b) up to 112,000,000 Shares at the Deemed Issue Price (pre-Consolidation basis) on conversion of the principal balance and accrued interest to Sabre and Orequest ( Le Page Shares ) (the subject of Resolution 5).

5.2 Use of funds

Funds raised are to be applied to pay for settlement of the Cartwright Liability as detailed in Section 9.1, and for working capital of the Company.

5.3 Lead Manager

The Company engaged Templar Corporate to act has lead manager for the Convertible Loan raising pursuant to a lead manager mandate ( CL Lead Manager Mandate ).

The Company has agreed to issue Templar Corporate the following securities (the subject of Resolution 6):

(a) 84,300,000 Shares at a deemed issue price of $0.001 per Share (pre-Consolidation basis) in lieu of a 6% cash fee of the amount raised by the Convertible Loan Agreements); and
(b) 800,000,000 unlisted options (pre-Consolidation basis), exercisable at $0.002 each and expiring 30 November 2029,

(together, the CL Lead Manager Securities ).

6. RESOLUTION 4 – APPROVAL TO ISSUE SHARES TO UNRELATED PARTIES – CONVERTIBLE LOAN AGREEMENTS

6.1 General

As set out in Section 5.1, this Resolution seeks Shareholder approval for the issue of an aggregate of up to 1,333,000,000 Unrelated Party Shares for the purposes of Listing Rule 7.1.

Broadly speaking, and subject to a number of exceptions, Listing Rule 7.1 limits the amount of equity securities that a listed company can issue without the approval of its shareholders over any 12 month period to 15% of the fully paid ordinary shares it had on issue at the start of that period.

The proposed issue falls within exception 17 of Listing Rule 7.2. It therefore requires the approval of Shareholders under Listing Rule 7.1.

6.2 Technical information required by Listing Rule 14.1A

If this Resolution is passed, the Company will be able to proceed with the issue. In addition, the issue will be excluded from the calculation of the number of equity securities that the Company can issue without Shareholder approval under Listing Rule 7.1.

If this Resolution is not passed, the Company will not be able to proceed with the issue and will be required to repay the loans in cash.

6.3 Technical information required by Listing Rule 7.3

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REQUIRED INFORMATION DETAILS
Names of persons to whom The Shares will be issued to professional and sophisticated
Securities will be issued or investors who were identified by the Directors and the
the basis on which those Lead Managers.
persons were or will be
identified/selected
Number of Securities and 1,333,000,000 Shares may be issued (including Shares
class to be issued issued on conversion of any accrued interest) (on a pre-
Consolidation basis).
Terms of Securities The Shares will be fully paid ordinary shares in the capital
of the Company issued on the same terms and conditions
as the Company’s existing Shares.
Date(s) on or by which the The Company expects to issue the Shares within 5 Business
Securities will be issued Days of the Meeting. In any event, the Company will not
issue any Shares later than three months after the date of
the Meeting (or such later date to the extent permitted by
any ASX waiver or modification of the Listing Rules).
Price or other The Shares are to be issued at the Deemed Issue Price per
consideration the Share (on a pre-Consolidation basis).
Company will receive for
the Securities
Purpose of the issue, The purpose of the issue of the Shares is to raise capital.
including the intended use The proposed use of the funds raised is set out in
of any funds raised by the Section 5.2 above.
issue
Summary of material terms The Shares are being issued under the Convertible Loan
of agreement to issue Agreements, the material terms of which are set out in
Section 5.1.
Voting exclusion statement A voting exclusion statement applies to this Resolution.
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7. RESOLUTION 5 – APPROVAL TO ISSUE SHARES TO RELATED PARTIES – CONVERTIBLE LOAN AGREEMENTS

7.1 General

The background to the issue of Shares pursuant to the Convertible Loan Agreements is set out in Section 5.1 above.

This Resolution seeks Shareholder approval for the purposes of Listing Rule 10.11 for the issue of up to 112,000,000 Shares at the Deemed Issue Price (pre-Consolidation basis) on conversion of the principal balance and accrued interest to Sabre and Orequest.

The proposed issue falls within exception 17 of Listing Rule 7.2. It therefore requires the approval of Shareholders under Listing Rule 7.1.

7.2 Chapter 2E of the Corporations Act

Chapter 2E of the Corporations Act requires that for a public company, or an entity that the public company controls, to give a financial benefit to a related party of the public company, the public company or entity must:

(a) obtain the approval of the public company’s members in the manner set out in sections 217 to 227 of the Corporations Act; and
(b) give the benefit within 15 months following such approval,

unless the giving of the financial benefit falls within an exception set out in sections 210 to 216 of the Corporations Act.

The issue constitutes giving a financial benefit and Sabre and Orequest are related parties by virtue of being entities jointly controlled by Director, Guy Le Page. Accordingly, the Company considers it is prudent to treat Sabre and Orequest as related parties of the Company for the purposes of the Act.

The Directors (other than Guy Le Page who has a material personal interest in the Resolution) consider that Shareholder approval pursuant to Chapter 2E of the Corporations Act is not required in respect of the issue because the Securities will be issued to Sabre and Orequest (or their nominee(s)) on the same terms as Securities issued to non-related party participants in the capital raising and as such the giving of the financial benefit is on arm’s length terms.

7.3 Listing Rule 10.11

Listing Rule 10.11 provides that unless one of the exceptions in Listing Rule 10.12 applies, a listed company must not issue or agree to issue equity securities to:

10.11.1 a related party;
10.11.2 a person who is, or was at any time in the 6 months before the issue or agreement, a substantial (30%+) holder in the company;
10.11.3 a person who is, or was at any time in the 6 months before the issue or agreement, a substantial (10%+) holder in the company and who has nominated a director to the board of the company pursuant to a relevant agreement which gives them a right or expectation to do so;
10.11.4 an associate of a person referred to in Listing Rules 10.11.1 to 10.11.3; or
10.11.5 a person whose relationship with the company or a person referred to in Listing Rules 10.11.1 to 10.11.4 is such that, in ASX’s opinion, the issue or agreement should be approved by its shareholders,

unless it obtains the approval of its shareholders.

The issue falls within Listing Rule 10.11.1 and does not fall within any of the exceptions in Listing Rule 10.12. It therefore requires the approval of Shareholders under Listing Rule 10.11.

7.4 Technical information required by Listing Rule 14.1A

If this Resolution is passed, the Company will be able to proceed with the issue within one month after the date of the Meeting (or such later date as permitted by any ASX waiver or modification of the Listing Rules) and will raise additional funds which will be used in the manner set out in Section 5.2. As approval pursuant to Listing Rule 7.1 is not required for the issue (because approval is being obtained under Listing Rule 10.11), the issue will not use up any of the Company’s 15% annual placement capacity.

If this Resolution is not passed, the Company will not be able to proceed with the issue and will be required to repay the loans in cash.

7.5 Technical Information required by Listing Rule 10.13

REQUIRED INFORMATION	DETAILS
Name of the person to whom Securities will be issued	Sabre and Orequest
Categorisation under Listing Rule 10.11	Director, Guy Le Page jointly controls Sabre and Orequest, and the Company therefore considers it is prudent to treat Sabre and Orequest as related parties of the Company. Any nominee(s) of the recipient who receive Securities may constitute ‘associates’ for the purposes of Listing Rule 10.11.4.
Number of Securities and class to be issued	Up to 45,000,000 Shares may be issued (including Shares issued on conversion of any accrued interest) (on a pre- Consolidation basis) to Sabre.

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REQUIRED INFORMATION DETAILS
Up to 67,000,000 Shares may be issued (including Shares
issued on conversion of any accrued interest) (on a pre-
Consolidation basis) to Orequest.
Terms of Securities The Shares will be fully paid ordinary shares in the capital of
the Company issued on the same terms and conditions as
the Company’s existing Shares.
Date(s) on or by which The Company expects to issue the Shares within 5 Business
the Securities will be Days of the Meeting. In any event, the Company will not
issued issue any Shares later than three months after the date of
the Meeting (or such later date to the extent permitted by
any ASX waiver or modification of the Listing Rules).
Price or other The Shares are to be issued at the Deemed Issue Price per
consideration the Share (on a pre-Consolidation basis).
Company will receive for
the Securities
Purpose of the issue, The purpose of the issue of the Shares is to raise capital. The
including the intended proposed use of the funds raised is set out in Section 5.2
use of any funds raised above.
by the issue
Summary of material The Shares are being issued under the Convertible Loan
terms of agreement to Agreements, the material terms of which are set out in
issue Section 5.1.
Voting exclusion A voting exclusion statement applies to this Resolution.
statement
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8. RESOLUTION 6 – APPROVAL TO ISSUE SHARES TO TEMPLAR CORPORATE – CONVERTIBLE LOAN LEAD MANAGER FEE

8.1 General

As set out in Section 5.3, this Resolution seeks Shareholder approval for the purposes of Listing Rule 10.11 for the issue of 84,300,000 Shares at a deemed issue price of $0.001 (preConsolidation basis) per Share and 800,000,000 Options (pre-Consolidation basis) to Templar Corporate (or its nominee(s)).

8.2 Chapter 2E of the Corporations Act

A summary of Chapter 2E of the Corporations Act is set out in Section 7.2 above.

The issue constitutes giving a financial benefit and Templar Corporate is a related party by virtue of being an entity jointly controlled by Director, Guy Le Page. Accordingly, the Company considers it is prudent to treat Templar Corporate as a related party of the Company for the purposes of the Act.

8.3 Listing Rule 10.11

A summary of Listing Rule 10.11 is set out in Section 7.3 above.

The issue falls within Listing Rule 10.11.1 and does not fall within any of the exceptions in Listing Rule 10.12. It therefore requires the approval of Shareholders under Listing Rule 10.11.

8.4 Technical information required by Listing Rule 14.1A

for the issue (because approval is being obtained under Listing Rule 10.11), the issue will not use up any of the Company’s 15% annual placement capacity.

If this Resolution is not passed, the Company will not be able to proceed with the issue and will need to provide Templar Corporate with an alternative method of remuneration for services.

8.5 Technical Information required by Listing Rule 10.13

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REQUIRED INFORMATION DETAILS
Name of the person to Templar Corporate (or its nominee(s)).
whom Securities will be
issued
Categorisation under Director, Guy Le Page jointly controls Templar Corporate,
Listing Rule 10.11 and the Company therefore considers it is prudent to treat
Templar Corporate as a related party of the Company.
Any nominee(s) of the recipient who receive Securities may
constitute ‘associates’ for the purposes of Listing Rule
10.11.4.
Number of Securities and 84,300,000 Shares and 800,000,000 Options (on a pre-
class to be issued Consolidation basis).
Terms of Securities The Shares will be fully paid ordinary shares in the capital of
the Company issued on the same terms and conditions as
the Company’s existing Shares.
The Options will be issued on the terms and conditions set
out in Schedule 1.
Date(s) on or by which The Company expects to issue the Securities within 5
the Securities will be Business Days of the Meeting. In any event, the Company
issued will not issue any Securities later than one month after the
date of the Meeting (or such later date to the extent
permitted by any ASX waiver or modification of the Listing
Rules).
Price or other The Securities will be issued at a nil issue price, in
consideration the consideration for consultancy services provided by Templar
Company will receive for Corporate.
the Securities
Purpose of the issue, No funds will be raised from the proposed issue of the
including the intended Securities. The Securities are being issued in consideration
use of any funds raised for amounts owing under the CL Lead Manager Mandate.
by the issue
Summary of material The Securities are being issued under the CL Lead Manager
terms of agreement to Mandate, a summary of the material terms of which is set
issue out in Section 5.3.
Voting exclusion A voting exclusion statement applies to this Resolution.
statement
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9. BACKGROUND TO RESOLUTIONS 7 TO 8 - CARTWRIGHT LIABILITY

9.1 Cartwright Liability

As announced on 6 June 2025, the Company has been in a dispute regarding unpaid invoices with drilling contractor Cartwright Drilling Inc ( Cartwright ). The arbitrator in Newfoundland handed down findings that:

(a) Longland Resources Ltd and the Company were joint and severally liable to Cartwright in the amount of CAD$951,420.87 related to drilling at Ryberg plus additional contractual interest to the date of payment; and

(b) Longland Resources Ltd is liable to Cartwright in the amount of CAD$391,247.41 in relation to invoices for drilling and related activities at Mestersvig and a further CAD$45,865.40 related to Cartwright’s costs of the arbitrator,

(the Cartwright Liability ).

The Company has reached agreement with Cartwright through an independent advisor for the extinguishment of the Cartwright Liability in exchange for total consideration of:

∼
(a) cash payment of CAD$322,500 ( A$360,555) which has been paid from proceeds of the Convertible Loan Agreements, and a further CAD$322,500 ∼
( A$360,555) to be paid on or before 21 November 2025; and
(b) issue of 34,658,000 Shares ( Settlement Shares ).

The Settlement Shares were issued on 6 June 2025 utilising the Company’s Listing Rule 7.1 placement capacity. The Company seeks to ratify the issue of the Settlement Shares under Resolution 7.

9.2 Advisor Fee Shares

The Company entered into an agreement with 1145635 B.C. Ltd (a company registered in British Colombia (Co Reg No BC1145635)) ( Advisor ) to negotiate settlement for the Cartwright Liability on behalf of the Company ( Advisor Agreement ).

Pursuant to the Advisor Agreement, the Company agreed to issue the Advisor 150,000,000 Shares on a pre-consolidated basis ( Advisor Fee Shares ) (the subject of Resolution 8).

10. RESOLUTION 7 – RATIFICATION OF SETTLEMENT SHARES

10.1 General

As set out in Section 2, the Company seeks shareholder ratification for the purposes of Listing Rule 7.4 for the issue of 34,658,000 Settlement to Cartwright.

A summary of Listing Rule 7.1 is set out in Section 4.1 above.

The issue does not fit within any of the exceptions set out in Listing Rule 7.2 and, as it has not yet been approved by Shareholders, it effectively uses up part of the 15% limit in Listing Rule 7.1, reducing the Company’s capacity to issue further equity securities without Shareholder approval under Listing Rule 7.1 for the 12 month period following the date of the issue.

10.2 Listing Rule 7.4

Listing Rule 7.4 allows the shareholders of a listed company to approve an issue of equity securities after it has been made or agreed to be made. If they do, the issue is taken to have been approved under Listing Rule 7.1 and so does not reduce the company’s capacity to issue further equity securities without shareholder approval under that rule.

The Company wishes to retain as much flexibility as possible to issue additional equity securities in the future without having to obtain Shareholder approval for such issues under Listing Rule 7.1. Accordingly, the Company is seeking Shareholder ratification pursuant to Listing Rule 7.4 for the issue.

10.3 Technical information required by Listing Rule 14.1A

If this Resolution is passed, the issue will be excluded in calculating the Company’s 15% limit in Listing Rule 7.1, effectively increasing the number of equity securities the Company can issue without Shareholder approval over the 12 month period following the date of the issue.

If this Resolution is not passed, the issue will be included in calculating the Company’s 15% limit in Listing Rule 7.1, effectively decreasing the number of equity securities that the Company can issue without Shareholder approval over the 12 month period following the date of the issue.

10.4 Technical information required by Listing Rules 7.4 and 7.5

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REQUIRED INFORMATION DETAILS
Names of persons to Cartwright.
whom Securities were
issued or the basis on
which those persons
were identified/selected
Number of Securities and 34,658,000 Shares.
class to be issued
Terms of Securities The Shares were fully paid ordinary shares in the capital of
the Company issued on the same terms and conditions as
the Company’s existing Shares.
Date(s) on or by which 6 June 2025.
the Securities were
issued
Price or other $0.005 per Share.
consideration the
Company received for
the Securities
Purpose of the issue, The purpose of the issue is set out in Section 9.
including the intended
use of any funds raised
by the issue
Summary of material The Settlement Shares were not issued pursuant to any
terms of agreement to agreement.
issue
Voting exclusion A voting exclusion statement applies to this Resolution.
statement
Compliance The issue did not breach Listing Rule 7.1.
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11. RESOLUTION 8 – APPROVAL TO ISSUE ADVISOR SHARES

11.1 General

As set out in Section 7.2, the Company seeks shareholder approval for the purposes of Listing Rule 7.1 for the issue of 150,000,000 Advisor Fee Shares to Advisor (pre-Consolidation basis).

A summary of Listing Rule 7.1 is set out in Section 4.1 above.

The proposed issue falls within exception 17 of Listing Rule 7.2. Under Listing Rule 7.2 (Exception 17), if the issue of securities is subject to prior shareholder approval, it does not count toward the 15% placement limit set by Listing Rule 7.1. The proposed issue therefore requires the approval of Shareholders under Listing Rule 7.1.

11.2 Technical information required by Listing Rule 14.1A

If this Resolution is not passed, the Company will not be able to proceed with the issue and the Company may consider alternative methods to remunerate the Advisor.

11.3 Technical information required by Listing Rule 7.3

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REQUIRED INFORMATION DETAILS
Names of persons to 1145635 B.C. Ltd
whom Securities will be
issued or the basis on
which those persons
were or will be
identified/selected
Number of Securities and 150,000,000 Shares (on a pre-Consolidation basis).
class to be issued
Terms of Securities The Shares will be fully paid ordinary shares in the capital of
the Company issued on the same terms and conditions as
the Company’s existing Shares.
Date(s) on or by which The Company expects to issue the Shares within 5 Business
the Securities will be Days of the Meeting. In any event, the Company will not
issued issue any Securities later than three months after the date of
the Meeting (or such later date to the extent permitted by
any ASX waiver or modification of the Listing Rules).
Price or other The Shares will be issued at deemed issue price of $0.001 per
consideration the Share, in consideration for services provided by Advisor.
Company will receive for
the Securities
Purpose of the issue, The purpose of the issue is to satisfy the Company’s
including the intended obligations under the Advisor Agreement.
use of any funds raised
by the issue
Summary of material The Shares are being issued under the Advisor Agreement,
terms of agreement to a summary of the material terms of which is set out in
issue Section 14.1.
Voting exclusion A voting exclusion statement applies to this Resolution.
statement
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12. BACKGROUND TO RESOLUTIONS 9 TO 12 – APPROVAL TO ISSUE SHARES IN LIEU OF FEES OWED TO RELATED PARTIES

The Company seeks Shareholder approval to issue an aggregate of 148,128,000 Shares to Guy Le Page, Gregory Solomon, Douglas Solomon ( Current Directors ) and RM Corporate Finance (an entity controlled by Director, Guy Le Page) (together, the Related Parties ) in lieu of fees totalling $148,128, owed by the Company for the period of 1 November 2024 to 31 August 2025, comprising Director fees totalling $105,300 (net of superannuation and PAYG withholding to be settled in cash by the Company) and advisory fees to RM Corporate Finance of $42,828, excluding GST.

The Shares will be issued on a pre-consolidation basis and at a deemed issue price of $0.001 (being on the same terms as the Convertible Loan raising and the planned Entitlement Offer to shareholders as announced to the ASX on 4 September 2025).

Further details in respect of the Shares to be issued to the Related Parties are set out in the table below.

RECIPIENT	RESOLUTION		FEE / SALARY
		$	NUMBER OF SHARES	ACCRUAL PERIOD
Guy Le Page	9	$35,100	35,100,000	1 November 2024 –30 November 2025

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RECIPIENT RESOLUTION FEE / SALARY
$ NUMBER OF SHARES ACCRUAL PERIOD
Gregory 10 $43,875 43,875,000 1 November 2024 –30
Solomon November 2025
Douglas 11 $26,325 26,325,000 1 November 2024 –30
Solomon November 2025
Sub-total - $105,300 105,300,000 -
RM Corporate 12 $42,828 42,828,000 1 November 2024 –30
Finance November 2025
Total $148,128 148,128,000 -
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13. RESOLUTIONS 9 TO 11 – APPROVAL TO ISSUE SHARES IN LIEU OF DIRECTORS’ FEES TO THE CURRENT DIRECTORS

13.1 General

As set out in Section 12 above, these Resolutions seek Shareholder approval for the purposes of Listing Rule 10.11 for the issue of an aggregate of 105,128,000 Shares (on a pre-consolidation basis) to the Current Directors (or their nominee(s)) in lieu of cash fees payable, on the terms and conditions set out below.

13.2 Chapter 2E of the Corporations Act

A summary of Chapter 2E of the Corporations Act is set out in Section 7.2 above.

The issue constitutes giving a financial benefit and each of the proposed recipients is a related party of the Company by virtue of being a Director.

The Directors who each have a material personal interest in these Resolutions consider that Shareholder approval pursuant to Chapter 2E of the Corporations Act is not required in respect of the issue because the agreement to issue Shares in lieu of fees owed under the existing remuneration packages for the Directors, is considered reasonable remuneration in the circumstances and was negotiated on an arm’s length basis.

13.3 Listing Rule 10.11

A summary of Listing Rule 10.11 is set out in Section 7.3 above.

The issue falls within Listing Rule 10.11.1 and does not fall within any of the exceptions in Listing Rule 10.12. It therefore requires the approval of Shareholders under Listing Rule 10.11.

13.4 Technical information required by Listing Rule 14.1A

If these Resolutions are passed, the Company will be able to proceed with the issue within one month after the date of the Meeting (or such later date as permitted by any ASX waiver or modification of the Listing Rules). As approval pursuant to Listing Rule 7.1 is not required for the issue (because approval is being obtained under Listing Rule 10.11), the issue will not use up any of the Company’s 15% annual placement capacity.

If these Resolutions are not passed, the Company will not be able to proceed with the issue and may consider alternative methods to remunerate Directors for their services.

13.5 Technical Information required by Listing Rule 10.13

REQUIRED INFORMATION	DETAILS
Name of the persons to whom Shares will be issued	The Current Directors (or their nominee(s)).
Categorisation under Listing Rule 10.11	Each of the proposed recipients falls within the category set out in Listing Rule 10.11.1 as they are a related party of the Company by virtue of being a Director.

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REQUIRED INFORMATION DETAILS
Any nominee(s) of the proposed recipients who receive
Shares may constitute ‘associates’ for the purposes of Listing
Rule 10.11.4.
Number of Shares and A maximum number of 105,300,000 Shares are proposed to
class to be issued be issued to the Current Directors, as set out in Section 12
above.
Terms of Shares The Shares will be fully paid ordinary shares in the capital of
the Company issued on the same terms and conditions as
the Company’s existing Shares.
Date(s) on or by which The Company expects to issue the Shares within 5 Business
the Shares will be issued Days of the Meeting. In any event, the Company will not
issue any Shares later than one month after the date of the
Meeting (or such later date to the extent permitted by any
ASX waiver or modification of the Listing Rules).
Price or other The Shares will be issued at the deemed issue price of $0.001
consideration the (on a pre-Consolidation basis).
Company will receive for
the Shares
Purpose of the issue, The purpose of the issue is to satisfy accrued director’s fees
including the intended owed to the recipients for the period set out in Section 12
use of any funds raised above.
by the issue
Consideration of type The issue price of the Shares was determined based on the
and quantum of Security dollar value of accrued fees divided by the deemed issue
to be issued price of $0.001 (pre-Consolidation basis).
It is not considered that there are any significant opportunity
costs to the Company or benefits foregone by the
Company in issuing the Shares on the terms proposed.
Remuneration The total remuneration package for each of the proposed
recipients for the previous financial year and the proposed
total remuneration package for the current financial year
are set out below:
RELATED PARTY PREVIOUS FINANCIAL YEAR
FINANCIAL YEAR ENDED FY2026 [1 ]
ENDED FY2025
Guy Le Page $48,000 $48,000
Gregory Solomon $60,000 $60,000
Douglas Solomon $36,000 $36,000
Notes :
1. Excluding superannuation of 12%
Valuation The value of the Shares proposed to be issued is set out in
the table below, based on a valuation of $0.001 per Share.
RECIPIENT SHARES VALUE [1]
Guy Le Page 35,100,000 $35,100
Gregory Solomon 43,875,000 $43,875
Douglas Solomon 26,325,000 $26,325
Notes :
1. Director fees to be settled in shares are excluding superannuation
and PAYG withholding, which are to be settled by the Company
in cash.
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REQUIRED INFORMATION DETAILS
Summary of material The Shares are not being issued under the any agreement.
terms of agreement to
issue
Interest in Shares The relevant interests of the proposed recipients in Shares as
at the date of this Notice and following completion of the
issue are set out below:
As at the date of this Notice
RECIPIENT SHARES [1] OPTIONS [2 ] UNDILUTED FULLY
DILUTED
Guy Le Page 2,979,320 57,127 1.09% 1.01%
Gregory 5,787,518 641,160 2.13% 2.14%
Solomon
Douglas 3,386,754 645,643 1.24% 1.34%
Solomon
Post issue
RECIPIENT SHARES [1] OPTIONS [2 ]
Guy Le Page [3] 33,034,320 57,127
Gregory Solomon 42,617,518 641,160
Douglas Solomon 26,666,754 645,643
Notes:
1. Fully paid ordinary shares in the capital of the Company (ASX:
CNJ).
2. Quoted Options exercisable at $0.026 each on or before 31
December 2026 (ASX: CNJO).
3. This table does not consider the issue of Securities under any other
Resolution.
Dilution If issue will increase the number of Shares on issue from
272,145,702 (being the total number of Shares on issue as at
the date of this Notice, pre-Consolidation) to 420,273,702
(assuming that no Shares are issued and no other
convertible shares vest or are exercised) with the effect that
the shareholding of existing Shareholders would be diluted
by an aggregate of 34.1%, comprising 11.40% by Guy Le
Page, 13.9% by Gregory Solomon and 8.8% by Douglas
Solomon.
Trading history The trading history of the Shares on ASX in the 12 months
before the date of this Notice is set out below:
PRICE DATE
Highest $0.014 19 December
2024
Lowest $0.003 5 September
2025
Last $0.011 28 October 2025
Other information The Board is not aware of any other information that is
reasonably required by Shareholders to allow them to
decide whether it is in the best interests of the Company to
pass these Resolutions.
Voting exclusion Voting exclusion statements apply to these Resolutions.
statements
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REQUIRED INFORMATION	DETAILS
Voting prohibition statements	Voting prohibition statements apply to these Resolutions.

14. RESOLUTION 12 – APPROVAL TO ISSUE SHARES TO RM CORPORATE FINANCE IN LIEU OF ADVISOR FEES

14.1 General

As set out in Section 12, the Company will owe an aggregate of $42,828 fees to RM Corporate Finance under the advisory agreement to 30 November 2025 ( RM Advisory Agreement ).

The material terms of the RM Advisory Agreement were:

(a) Services : RM Corporate Finance was engaged to provide the following services:
(i) provide general corporate advisory services to Conico Ltd;
(ii) assist with the ongoing management and reporting of the Mt Thirsty Joint Venture;
(iii) assist with identification, due diligence and analysis on potential mining projects or companies on behalf of Conico;
(iv) assist the Company with arranging roadshows/analyst briefings and investor presentations both in Australia and overseas;
(v) assist the Company with presentation material, term sheets as and when required including assistance with content and layout with a view to optimising commercial messages for greatest impact;
(vi) liaise with journalists and public relations consultants as and when required; and
(vii) assist with a social media strategy for the Company.
(b) Fee : The monthly fee payable by the Company to RM Corporate Finance for the corporate advisory services is $3,500 plus GST.

Accordingly, this Resolution seeks Shareholder approval for the issue of 42,828,000 Shares to RM Corporate Finance for purposes of Listing Rule 10.11.

14.2 Chapter 2E of the Corporations Act

A summary of Chapter 2E of the Corporations Act is set out in Section 7.2 above.

The issue constitutes giving a financial benefit and RM Corporate Finance is a related party by virtue of being an entity jointly controlled by Director, Guy Le Page. Accordingly, the Company considers it is prudent to treat RM Corporate Finance as a related party of the Company for the purposes of the Act.

14.3 Listing Rule 10.11

A summary of Listing Rule 10.11 is set out in Section 7.3 above.

The issue falls within Listing Rule 10.11.1 and does not fall within any of the exceptions in Listing Rule 10.12. It therefore requires the approval of Shareholders under Listing Rule 10.11.

14.4 Technical information required by Listing Rule 14.1A

issue (because approval is being obtained under Listing Rule 10.11), the issue will not use up any of the Company’s 15% annual placement capacity.

If this Resolution is not passed, the Company will not be able to proceed with the issue and may consider alternative methods to remunerate RM Corporate Finance for its services.

14.5 Technical Information required by Listing Rule 10.13

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REQUIRED INFORMATION DETAILS
Name of the person to RM Corporate Finance
whom Securities will be
issued
Categorisation under Director, Guy Le Page jointly controls RM Corporate
Listing Rule 10.11 Finance, and the Company therefore considers it is prudent
to treat RM Corporate Finance as a related party of the
Company.
Any nominee(s) of the recipient who receive Securities may
constitute ‘associates’ for the purposes of Listing
Rule 10.11.4.
Number of Securities and 42,828,000 Shares.
class to be issued
Terms of Securities The Shares will be fully paid ordinary shares in the capital of
the Company issued on the same terms and conditions as
the Company’s existing Shares.
Date(s) on or by which The Company expects to issue the Shares within 5 Business
the Securities will be Days of the Meeting. In any event, the Company will not
issued issue any Shares later than one month after the date of the
Meeting (or such later date to the extent permitted by any
ASX waiver or modification of the Listing Rules).
Price or other The Shares will be issued at a nil issue price, in lieu of fees
consideration the owed to RM Corporate Finance as set out in Section 14.1.
Company will receive for
the Securities
Purpose of the issue, No funds will be raised from the proposed issue of the
including the intended Shares. The Shares are being issued in full and final
use of any funds raised satisfaction of the amount owed to RM Corporate Finance
by the issue under the RM Advisory Mandate.
Summary of material The Shares are being issued under the RM Advisory
terms of agreement to Mandate, a summary of the material terms of which is set
issue out in Section 14.1.
Voting exclusion A voting exclusion statement applies to this Resolution.
statement
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15. BACKGROUND TO RESOLUTIONS 13 TO 15

15.1 Capital raising

As per the Company’s announcement on 4 September 2025 and as updated on 30 October 2025, the Company is proposing to undertake a fully underwritten nonrenounceable entitlement offer of one (1) new Share for every one (1) Share held by eligible Shareholders to raise approximately $2.1 million (before expenses) ( Entitlement Offer ).

15.2 Lead Manager and underwriter

The Company has entered into a mandate with Templar Corporate pursuant to which the Company has engaged Templar Corporate as the lead manager and underwriter to the Entitlement Offer ( Templar Mandate ).

The Company has agreed to pay Templar Corporate the following fees:

(a) an underwriting fee equal to 6% (plus GST) of the total gross proceeds raised under the Entitlement Offer convertible into Shares in the capital of the Company ( Shares ) at a deemed issue price of $0.001 (on a pre-Consolidation basis) (totalling, up to 125,133,813 Shares) payable within 7 days of completion of the Entitlement Offer, subject to Shareholder approval (the subject of Shareholder approval under Resolution 13);
(b) subject to Shareholder approval, the issue of 800,000,000 unlisted options exercisable at $0.002 on or before 30 November 2029 (on a pre-Consolidation basis) ( Underwriter Fee Options ), to be issued within 45 days of completion of the Entitlement Offer (the subject of Shareholder approval under Resolution 13),

(together, the Underwriting Fee ); and

(c) subject to Shareholder approval, the issue of 30,000,000 Shares (on a preConsolidation basis) to be issued within 30 days of completion of the Entitlement Offer (the subject of Shareholder approval under Resolution 14) ( Underwriting Fee Shares ).

Pursuant to the Mandate, Templar Corporate will have a first right of refusal for a period of 12 months from the date of expiration or termination of the Templar Mandate to act as broker, lead manager, joint lead manager, underwriter or sub underwriter to any capital raising undertaken by the Company on the same or substantially similar terms and conditions as to those set out in the Templar Mandate.

The Templar Mandate otherwise contains terms and conditions standard for an agreement of its type.

16. RESOLUTION 13 – APPROVAL TO ISSUE UNDERWRWITING FEE SECURITIES TO TEMPLAR CORPORATE

16.1 General

As set out in Section 15.2, this Resolution seeks Shareholder approval for the purposes of Listing Rule 10.11 for the issue of up to 125,133,813 Shares (on a pre-Consolidation basis) and 800,000,000 Underwriting Fee Options (on a pre-Consolidation basis) (together, the Underwriting Fee Securities ) to Templar Corporate (or its nominee(s)).

16.2 Chapter 2E of the Corporations Act

A summary of Chapter 2E of the Corporations Act is set out in Section 7.2 above.

The Directors (other than Guy Le Page who has a material personal interest in this Resolutions) consider that Shareholder approval pursuant to Chapter 2E of the Corporations Act is not required in respect of the issue because the agreement to issue the Shares was negotiated on an arm’s length basis.

16.3 Listing Rule 10.11

A summary of Listing Rule 10.11 is set out in Section 7.3 above.

The issue falls within Listing Rule 10.11.1 and does not fall within any of the exceptions in Listing Rule 10.12. It therefore requires the approval of Shareholders under Listing Rule 10.11.

16.4 Technical information required by Listing Rule 14.1A

If this Resolution is passed, the Company will be able to proceed with the issue within one month after the date of the Meeting (or such later date as permitted by any ASX waiver or modification of the Listing Rules). As approval pursuant to Listing Rule 7.1 is not required for the issue (because approval is being obtained under Listing Rule 10.11), the issue will not use up any of the Company’s 15% annual placement capacity.

If this Resolution is not passed, the Company will not be able to proceed with the issue and will need to provide Templar Corporate with an alternative method of remuneration for services.

16.5 Technical Information required by Listing Rule 10.13

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REQUIRED INFORMATION DETAILS
Name of the person to Templar Corporate (or its nominee(s)).
whom Securities will be
issued
Categorisation under Director, Guy Le Page jointly controls Templar Corporate,
Listing Rule 10.11 and the Company therefore considers it is prudent to treat
Templar Corporate as a related party of the Company.
Any nominee(s) of the recipient who receive Securities may
constitute ‘associates’ for the purposes of Listing Rule
10.11.4.
Number of Securities and Up to 125,133,813 Shares (on a pre-Consolidation basis) and
class to be issued 800,000,000 Options (on a pre-Consolidation basis).
Terms of Securities The Underwriting Fee Shares will be fully paid ordinary shares
in the capital of the Company issued on the same terms and
conditions as the Company’s existing Shares.
The Underwriting Fee Options will be issued on the terms and
conditions set out in Schedule 1.
Date(s) on or by which The Company will issue the Underwriting Fee Securities no
the Securities will be later than one month after the date of the Meeting.
issued
Price or other The Underwriting Fee Securities will be issued at a nil issue
consideration the price, as the underwriting fee payable under the Templar
Company will receive for Corporate Mandate.
the Securities
Purpose of the issue, No funds will be raised from the proposed issue of the
including the intended Underwriting Fee Securities. The Underwriting Fee Securities
use of any funds raised are being issued in satisfaction of fees payable by the
by the issue Company to Templar Corporate under the Templar
Corporate Mandate.
Summary of material The Underwriting Fee Securities are being issued under the
terms of agreement to Templar Corporate Mandate, a summary of the material
issue terms of which is set out in Section 15.2.
Voting exclusion A voting exclusion statement applies to this Resolution.
statement
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17. RESOLUTION 14 – APPROVAL TO ISSUE BROKER FEE SHARES TO TEMPLAR CORPORATE

17.1 General

As set out in Section 15.2, this Resolution seeks Shareholder approval for the purposes of Listing Rule 10.11 for the issue of 30,000,000 Shares (on a pre-Consolidation basis) to Templar Corporate (or its nominee(s)).

17.2 Chapter 2E of the Corporations Act

A summary of Chapter 2E of the Corporations Act is set out in Section 7.2 above.

The Directors (other than Guy Le Page who has a material personal interest in this Resolution) consider that Shareholder approval pursuant to Chapter 2E of the Corporations Act is not required in respect of the issue because the agreement to issue the Shares was negotiated on an arm’s length basis.

17.3 Listing Rule 10.11

A summary of Listing Rule 10.11 is set out in Section 7.3 above.

The issue falls within Listing Rule 10.11.1 and does not fall within any of the exceptions in Listing Rule 10.12. It therefore requires the approval of Shareholders under Listing Rule 10.11.

17.4 Technical information required by Listing Rule 14.1A

If this Resolution is passed, the Company will be able to proceed with the issue within one month after the date of the Meeting (or such later date as permitted by any ASX waiver or modification of the Listing Rules). As approval pursuant to Listing Rule 7.1 is not required for the issue (because approval is being obtained under Listing Rule 10.11), the issue will not use up any of the Company’s 15% annual placement capacity.

If this Resolution is not passed, the Company will not be able to proceed with the issue and will need to provide Templar Corporate with an alternative method of remuneration for services.

17.5 Technical Information required by Listing Rule 10.13

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REQUIRED INFORMATION DETAILS
Name of the person to Templar Corporate (or its nominee(s)).
whom Securities will be
issued
Categorisation under Director, Guy Le Page jointly controls Templar Corporate,
Listing Rule 10.11 and the Company therefore considers it is prudent to treat
Templar Corporate as a related party of the Company.
Any nominee(s) of the recipient who receive Securities may
constitute ‘associates’ for the purposes of Listing
Rule 10.11.4.
Number of Securities and 30,000,000 Shares (on a pre-Consolidation basis).
class to be issued
Terms of Securities The Shares will be fully paid ordinary shares in the capital of
the Company issued on the same terms and conditions as
the Company’s existing Shares.
Date(s) on or by which The Company will issue the Shares no later than one month
the Securities will be after the date of the Meeting.
issued
Price or other The Shares will be issued at a nil issue price, as the lead
consideration the manger fee payable under the Templar Corporate
Company will receive for Mandate.
the Securities
Purpose of the issue, No funds will be raised from the proposed issue of the
including the intended Shares. The Shares are being issued in satisfaction of fees
use of any funds raised payable by the Company to Templar Corporate under the
by the issue Templar Corporate Mandate for Templar Corporate’s lead
manager services provided to the Company in relation to
the Entitlement Offer.
Summary of material The Shares are being issued under the Templar Corporate
terms of agreement to Mandate, a summary of the material terms of which is set
issue out in Section 15.2.
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REQUIRED INFORMATION	DETAILS
Voting exclusion statement	A voting exclusion statement applies to this Resolution.

18. RESOLUTION 15 – APPROVAL OF 7.1A MANDATE

18.1 General

This Resolution seeks Shareholder approval by way of special resolution for the Company to have the additional 10% placement capacity provided for in Listing Rule 7.1A to issue Equity Securities without Shareholder approval.

Under Listing Rule 7.1A, an Eligible Entity may seek shareholder approval by way of a special resolution passed at its annual general meeting to increase this 15% limit by an extra 10% to 25% ( 7.1A Mandate ). An Eligible Entity means an entity which is not included in the S&P/ASX 300 Index and has a market capitalisation of $300,000,000 or less. As of the date of this Notice, the Company’s market capitalisation is approximately $ 1,905,020. The Company is therefore an Eligible Entity.

18.2 Technical information required by Listing Rule 14.1A

For this Resolution to be passed, at least 75% of votes cast by Shareholders present and eligible to vote at the Meeting must be cast in favour of the Resolution.

If this Resolution is passed, the Company will be able to issue Equity Securities up to the combined 25% limit in Listing Rules 7.1 and 7.1A without any further Shareholder approval.

If this Resolution is not passed, the Company will not be able to access the additional 10% capacity to issue Equity Securities without Shareholder approval under Listing Rule 7.1A and will remain subject to the 15% limit on issuing Equity Securities without Shareholder approval set out in Listing Rule 7.1.

18.3 Technical information required by Listing Rule 7.3A

REQUIRED INFORMATION	DETAILS
Period for which the 7.1A Mandate is valid	The 7.1A Mandate will commence on the date of the Meeting and expire on the first to occur of the following: (a) the date that is 12 months after the date of this Meeting; (b) the time and date of the Company’s next annual general meeting; and (c) the time and date of approval by Shareholders of any transaction under Listing Rule 11.1.2 (a significant change in the nature or scale of activities) or Listing Rule 11.2 (disposal of the main undertaking).
Minimum price	Any Equity Securities issued under the 7.1A Mandate must be in an existing quoted class of Equity Securities and be issued for cash consideration at a minimum price of 75% of the volume weighted average price of Equity Securities in that class, calculated over the 15 trading days on which trades in that class were recorded immediately before: (a) the date on which the price at which the Equity Securities are to be issued is agreed by the entity and the recipient of the Equity Securities; or

REQUIRED INFORMATION

DETAILS

Period for which the 7.1A
Mandate is valid

The 7.1A Mandate will commence on the date of the
Meeting and expire on the first to occur of the following:
(a)
the date that is 12 months after the date of this
Meeting;
(b)
the time and date of the Company’s next annual
general meeting; and
(c)
the time and date of approval by Shareholders of
any transaction under Listing Rule 11.1.2 (a
significant change in the nature or scale of
activities) or Listing Rule 11.2 (disposal of the main
undertaking).

Minimum price

Any Equity Securities issued under the 7.1A Mandate must
be in an existing quoted class of Equity Securities and be
issued for cash consideration at a minimum price of 75% of
the volume weighted average price of Equity Securities in
that class, calculated over the 15 trading days on which
trades in that class were recorded immediately before:
(a)
the date on which the price at which the Equity
Securities are to be issued is agreed by the entity
and the recipient of the Equity Securities; or

REQUIRED INFORMATION	DETAILS
	(b) if the Equity Securities are not issued within 10 trading days of the date in paragraph (a) above, the date on which the Equity Securities are issued.
Use of funds	The Company intends to use funds raised from issues of Equity Securities under the 7.1A Mandate for continued exploration expenditure on the Company’s current projects, and potentially for costs in relation to acquisition of new resources, assets and investments.
Risk of economic and voting dilution	Any issue of Equity Securities under the 7.1A Mandate will dilute the interests of Shareholders who do not receive any Shares under the issue. If this Resolution is approved by Shareholders and the Company issues the maximum number of Equity Securities available under the 7.1A Mandate, the economic and voting dilution of existing Shares would be as shown in the table below. The table below shows the dilution of existing Shareholders calculated in accordance with the formula outlined in Listing Rule 7.1A.2, on the basis of the closing market price of Shares and the number of Equity Securities on issue or proposed to be issued as at 30 October 2025. The table also shows the voting dilution impact where the number of Shares on issue (Variable A in the formula) changes and the economic dilution where there are changes in the issue price of Shares issued under the 7.1A Mandate. DILUTION Number of Shares on Issue (Variable A in Listing Rule 7.1A.2) Shares issued – 10% voting dilution Issue Price $0.006 $0.011 $0.017 50% decrease Issue Price 50% increase Funds Raised Current 2,254,7 07,515 225,470,7 51 $1,352,82 4 $2,480,1 78 $3,833,00 2 50% increase 3,382,0 61,273 338,206,1 27 $2,029,23 6 $3,720,2 67 $5,749,50 4 100% increase 4,509,4 15,030 450,941,5 03 $2,705,64 9 $4,960,3 56 $7,666,00 5 The number of Shares on issue (Variable A in the formula) could increase as a result of the issue of Shares that do not require Shareholder approval (such as under a pro-rata rights issue or scrip issued under a takeover offer) or that are issued with Shareholder approval under Listing Rule 7.1. The table above uses the following assumptions: 1. There are currently 2,254,707,515 Shares on issue comprising: (a) 272,145,702 existing Shares as at the date of this Notice; and (b) 1,982,561,813 Shares which will be issued if Resolutions 4 to 6 and 8 to 14 are passed at this Meeting. 2. The issue price set out above is the closing market price of the Shares on the ASX on 28 October 2025 (being $0.011) (Issue Price*). The Issue Price at a 50% increase and 50% decrease are each rounded to three decimal places prior to the calculation of the funds raised. 3. The Company issues the maximum possible number of Equity Securities under the 7.1A Mandate.

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REQUIRED INFORMATION DETAILS
4. The Company has not issued any Equity Securities in the 12
months prior to the Meeting that were not issued under an
exception in Listing Rule 7.2 or with approval under Listing Rule 7.1.
5. The issue of Equity Securities under the 7.1A Mandate consists only
of Shares. It is assumed that no Options are exercised into Shares
before the date of issue of the Equity Securities. If the issue of
Equity Securities includes quoted Options, it is assumed that those
quoted Options are exercised into Shares for the purpose of
calculating the voting dilution effect on existing Shareholders.
6. The calculations above do not show the dilution that any one
particular Shareholder will be subject to. All Shareholders should
consider the dilution caused to their own shareholding
depending on their specific circumstances.
7. This table does not set out any dilution pursuant to approvals
under Listing Rule 7.1 unless otherwise disclosed.
8. The 10% voting dilution reflects the aggregate percentage
dilution against the issued share capital at the time of issue. This is
why the voting dilution is shown in each example as 10%.
9. The table does not show an example of dilution that may be
caused to a particular Shareholder by reason of placements
under the 7.1A Mandate, based on that Shareholder’s holding at
the date of the Meeting.
Shareholders should note that there is a risk that:
(a) the market price for the Company’s Shares may
be significantly lower on the issue date than on the
date of the Meeting; and
(b) the Shares may be issued at a price that is at a
discount to the market price for those Shares on
the date of issue.
Allocation policy The recipients of the Equity Securities to be issued under
under 7.1A Mandate the 7.1A Mandate have not yet been determined.
However, the recipients of Equity Securities could consist of
current Shareholders or new investors (or both), none of
whom will be related parties of the Company.
The Company will determine the recipients at the time of
the issue under the 7.1A Mandate, having regard to the
following factors:
(a) the purpose of the issue;
(b) alternative methods for raising funds available to
the Company at that time, including, but not
limited to, an entitlement issue, share purchase
plan, placement or other offer where existing
Shareholders may participate;
(c) the effect of the issue of the Equity Securities on
the control of the Company;
(d) the circumstances of the Company, including, but
not limited to, the financial position and solvency
of the Company;
(e) prevailing market conditions; and
(f) advice from corporate, financial and broking
advisers (if applicable).
Previous approval under The Company previously obtained approval from its
Listing Rule 7.1A.2 Shareholders pursuant to Listing Rule 7.1A at its annual
general meeting held on 28 November 2024
( Previous Approval ).
During the 12 month period preceding the date of the
Meeting, being on and 17 November 2024, the Company
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REQUIRED INFORMATION	DETAILS
	has not issued any Equity Securities pursuant to the Previous Approval.
Voting exclusion statement	A voting exclusion statement applies to this Resolution.

19. RESOLUTIONS 16 – APPOINTMENT OF AUDITOR

19.1 General

As part of the Company’s regular service provider review, the Company undertook a tender process for the audit engagement and the Board has selected In.Corp Audit & Assurance Pty Ltd (“In.Corp”).

Nexia Perth Audit Services Pty Ltd (“Nexia”) has submitted their resignation as auditor and ASIC’s consent to the resignation in accordance with section 329(5) Corporations Act is expected prior to the Meeting.

In accordance with section 328B(1) of the Corporations Act, the Company has received a notice from a shareholder of the Company, nominating In.Corp as the new auditor of the Company. A copy of that notice is attached as Annexure A.

In.Corp has consented to their appointment as the replacement auditor of the Company, in accordance with section 328A(1) of the Corporations Act, subject to Shareholder approval and the resignation of Nexia.

If Resolution 16 is passed, the position of the auditor of the Company will change to In.Corp with effect from the later of the close of the Meeting and the date on which ASIC gives its consent.

If Resolution 16 is not passed, the Company will need to appoint a new auditor other than In.Corp.

The Board recommends that Shareholders vote in favour of this Resolution. The Chairman of the Meeting intends to vote undirected proxies in favour of this Resolution.

G L O S S A R Y

$ means Australian dollars.
7.1A Mandate has the meaning given in Section 18.1.

ASIC means the Australian Securities & Investments Commission.

ASX means ASX Limited (ACN 008 624 691) or the financial market operated by ASX Limited, as the context requires.

Board means the current board of directors of the Company.

Business Day means Monday to Friday inclusive, except New Year’s Day, Good Friday, Easter Monday, Christmas Day, Boxing Day, and any other day that ASX declares is not a business day.

Chair means the chair of the Meeting.

Closely Related Party of a member of the Key Management Personnel means:

(a) a spouse or child of the member;
(b) a child of the member’s spouse;
(c) a dependent of the member or the member’s spouse;
(d) anyone else who is one of the member’s family and may be expected to influence the member, or be influenced by the member, in the member’s dealing with the entity;
(e) a company the member controls; or
(f) a person prescribed by the Corporations Regulations 2001 (Cth) for the purposes of the definition of ‘closely related party’ in the Corporations Act.

Company means Conico Ltd (ACN 119 057 457).

Constitution means the Company’s constitution.

Corporations Act means the Corporations Act 2001 (Cth).

Directors means the current directors of the Company.

Eligible Entity means an entity which is not included in the S&P/ASX 300 Index and has a market capitalisation of $300,000,000 or less.

Equity Securities includes a Share, a right to a Share or Option, an Option, a convertible security and any security that ASX decides to classify as an Equity Security.

Explanatory Statement means the explanatory statement accompanying the Notice.

Key Management Personnel has the same meaning as in the accounting standards issued by the Australian Accounting Standards Board and means those persons having authority and responsibility for planning, directing and controlling the activities of the Company, or if the Company is part of a consolidated entity, of the consolidated entity, directly or indirectly, including any director (whether executive or otherwise) of the Company, or if the Company is part of a consolidated entity, of an entity within the consolidated group.

Listing Rules means the Listing Rules of ASX.

Managing Director means the managing director of the Company who may, in accordance with the Listing Rules, continue to hold office indefinitely without being re-elected to the office.

Material Person means a related party of the Company, member of the Key Management Personnel, substantial holder of the Company, adviser of the Company or associate of any of these parties.

Meeting means the meeting convened by the Notice.

Notice means this notice of meeting including the Explanatory Statement and the Proxy Form.

Option means an option to acquire a Share.

Orequest means Orequest Pty Ltd, as trustee for the CNT Family Trust Account.

Proxy Form means the proxy form accompanying the Notice.

Remuneration Report means the remuneration report set out in the Director’s report section of the Company’s annual financial report for the year ended 30 June 2025.

Resolutions means the resolutions set out in the Notice, or any one of them, as the context requires.

Sabre means Sabre Power Systems Pty Ltd.

Section means a section of the Explanatory Statement.

Security means a Share or Option (as applicable).

Share means a fully paid ordinary share in the capital of the Company.

Shareholder means a registered holder of a Share.

Vacating Directors means the Directors who were directors of the Company when the resolution to make the directors’ report considered at the last annual general meeting of the Company was passed, other than the Managing Director at that time.

Variable A means “A” as set out in the formula in Listing Rule 7.1A.2.

WST means Western Standard Time as observed in Perth, Western Australia.

S C H E D U L E 1 – TE R M S A N D C O N D I T I O N S O F O P T I O N S

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1. Entitlement Each Option entitles the holder to subscribe for one Share upon
exercise of the Option.
2. Exercise Price Subject to paragraph 9, the amount payable upon exercise of each
Option will be $0.002 ( Exercise Price ).
3. Expiry Date Each Option will expire at 5:00 pm AWST on 30 November 2029
( Expiry Date ).
An Option not exercised before the Expiry Date will automatically
lapse on the Expiry Date
4. Exercise Period The Options are exercisable at any time on or prior to the Expiry Date
( Exercise Period ).
5. Exercise Notice The Options may be exercised during the Exercise Period by notice
in writing to the Company in the manner specified on the Option
certificate ( Exercise Notice ) and payment of the Exercise Price for
each Option being exercised in Australian currency by electronic
funds transfer or other means of payment acceptable to the
Company.
6. Exercise Date An Exercise Notice is only effective on and from the later of the date
of receipt of the Exercise Notice and the date of receipt of the
payment of the Exercise Price for each Option being exercised in
cleared funds ( Exercise Date ).
7. Timing of issue of Within five Business Days after the Exercise Date, the Company will:
Shares on exercise
(a) issue the number of Shares required under these terms and
conditions in respect of the number of Options specified in
the Exercise Notice and for which cleared funds have
been received by the Company;
(b) if required, give ASX a notice that complies with section
708A(5)(e) of the Corporations Act; and
(c) if admitted to the official list of ASX at the time, apply for
official quotation on ASX of Shares issued pursuant to the
exercise of the Options.
Or, if the Company is unable to issue a notice under 7(b) for any
reason, the Company must, no later than 20 Business Days after the
Exercise Date, lodge with ASIC a prospectus prepared in
accordance with the Corporations Act to ensure that the Shares
issued on exercise satisfy the secondary sale provisions of the
Corporations Act.
8. Shares issued on Shares issued on exercise of the Options rank equally with the then
exercise issued shares of the Company.
9. Reorganisation If there is a reorganisation of the issued share capital of the
Company (including any subdivision, Consolidation, reduction,
return or cancellation of such issued capital of the Company), the
rights of the holder will be changed to the extent necessary to
comply with the ASX Listing Rules applicable to a reorganisation of
capital at the time of the reorganisation.
10. Participation in There are no participation rights or entitlements inherent in the
new issues Options and holders will not be entitled to participate in new issues
of capital offered to Shareholders during the currency of the
Options without exercising the Options.
11. Change in An Option does not confer the right to a change in Exercise Price or
exercise a change in the number of underlying securities over which the
Option can be exercised.
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price/Adjustment for rights issue 12. Transferability The Options are transferable subject to any restriction or escrow arrangements imposed by ASX or under applicable Australian securities laws.

A N N E X U R E A

To Board of Directors of Conico Ltd

Sent via email

Dear Directors,

For the purposes of section 328B (1) of the Corporations Act 2001, I, Greg Solomon, being a trustee of a registered member of Conico Ltd (Company), hereby nominate In.Corp Audit & Assurance Pty Ltd as auditor of the Company at the 2025 Annual General Meeting.

Please distribute copies of this notice of this nomination as required by section 328B(3) of the Corporations Act.

Yours faithfully,

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Gregory Solomon

Proxy Voting Form If you are attending the Meeting in person, please bring this with you for Securityholder registration.

CONICO LTD | ABN 49 119 057 457

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Your proxy voting instruction must be received by 2:00pm (AWST) on Wednesday, 26 November 2025 , being not later than 48 hours before the commencement of the Meeting. Any Proxy Voting instructions received after that time will not be valid for the scheduled Meeting.

SUBMIT YOUR PROXY

SUBMIT YOUR PROXY
Complete the form overleaf in accordance with the instructions set out below. YOUR NAME AND ADDRESS The name and address shown above is as it appears on the Company’s share register. If this information is incorrect, and you have an Issuer Sponsored holding, you can update your address through the investor portal:https://investor.automic.com.au/#/homeShareholders sponsored by a broker should advise their broker of any changes. STEP 1 - APPOINT A PROXY If you wish to appoint someone other than the Chair of the Meeting as your proxy, please write the name of that Individual or body corporate. A proxy need not be a Shareholder of the Company. Otherwise if you leave this box blank, the Chair of the Meeting will be appointed as your proxy by default. DEFAULT TO THE CHAIR OF THE MEETING Any directed proxies that are not voted on a poll at the Meeting will default to the Chair of the Meeting, who is required to vote these proxies as directed. Any undirected proxies that default to the Chair of the Meeting will be voted according to the instructions set out in this Proxy Voting Form, including where the Resolutions are connected directly or indirectly with the remuneration of Key Management Personnel. STEP 2 - VOTES ON ITEMS OF BUSINESS You may direct your proxy how to vote by marking one of the boxes opposite each item of business. All your shares will be voted in accordance with such a direction unless you indicate only a portion of voting rights are to be voted on any item by inserting the percentage or number of shares you wish to vote in the appropriate box or boxes. If you do not mark any of the boxes on the items of business, your proxy may vote as he or she chooses. If you mark more than one box on an item your vote on that item will be invalid. APPOINTMENT OF SECOND PROXY You may appoint up to two proxies. If you appoint two proxies, you should complete two separate Proxy Voting Forms and specify the percentage or number each proxy may exercise. If you do not specify a percentage or number, each proxy may exercise half the votes. You must return both Proxy Voting Forms together. If you require an additional Proxy Voting Form, contact Automic Registry Services. SIGNING INSTRUCTIONS Individual:Where the holding is in one name, the Shareholder must sign. Joint holding:Where the holding is in more than one name, all Shareholders should sign. Power of attorney:If you have not already lodged the power of attorney with the registry, please attach a certified photocopy of the power of attorney to this Proxy Voting Form when you return it. Companies:To be signed in accordance with your Constitution. Please sign in the appropriate box which indicates the office held by you. Email Address:Please provide your email address in the space provided. By providing your email address, you elect to receive all communications despatched by the Company electronically (where legally permissible) such as a Notice of Meeting, Proxy Voting Form and Annual Report via email. CORPORATE REPRESENTATIVES If a representative of the corporation is to attend the Meeting the appropriate ‘Appointment of Corporate Representative’ should be produced prior to admission. A form may be obtained from the Company’s share registry online at https://automicgroup.com.au.	Lodging your Proxy Voting Form:
	Online Use your computer or smartphone to appoint a proxy at https://investor.automic.com.au/#/loginsahor scan the QR code below using your smartphone Login & Click on ‘Meetings’. Use the Holder Number as shown at the top of this Proxy Voting Form. BY MAIL: Automic GPO Box 5193 Sydney NSW 2001 IN PERSON: Automic Level 5, 126 Phillip Street Sydney NSW 2000 BY EMAIL: [email protected] BY FACSIMILE: +61 2 8583 3040 All enquiries to Automic: WEBSITE: https://automicgroup.com.au PHONE: 1300 288 664 (Within Australia) +61 2 9698 5414 (Overseas)

SUBMIT YOUR PROXY

Complete the form overleaf in accordance with the instructions set out below.
YOUR NAME AND ADDRESS
The name and address shown above is as it appears on the Company’s share register. If this information is
incorrect, and you have an Issuer Sponsored holding, you can update your address through the investor
portal:https://investor.automic.com.au/#/homeShareholders sponsored by a broker should advise their
broker of any changes.
STEP 1 - APPOINT A PROXY
If you wish to appoint someone other than the Chair of the Meeting as your proxy, please write the name of
that Individual or body corporate. A proxy need not be a Shareholder of the Company. Otherwise if you
leave this box blank, the Chair of the Meeting will be appointed as your proxy by default.
DEFAULT TO THE CHAIR OF THE MEETING
Any directed proxies that are not voted on a poll at the Meeting will default to the Chair of the Meeting,
who is required to vote these proxies as directed. Any undirected proxies that default to the Chair of the
Meeting will be voted according to the instructions set out in this Proxy Voting Form, including where the
Resolutions are connected directly or indirectly with the remuneration of Key Management Personnel.
STEP 2 - VOTES ON ITEMS OF BUSINESS
You may direct your proxy how to vote by marking one of the boxes opposite each item of business. All
your shares will be voted in accordance with such a direction unless you indicate only a portion of voting
rights are to be voted on any item by inserting the percentage or number of shares you wish to vote in the
appropriate box or boxes. If you do not mark any of the boxes on the items of business, your proxy may
vote as he or she chooses. If you mark more than one box on an item your vote on that item will be invalid.
APPOINTMENT OF SECOND PROXY
You may appoint up to two proxies. If you appoint two proxies, you should complete two separate Proxy
Voting Forms and specify the percentage or number each proxy may exercise. If you do not specify a
percentage or number, each proxy may exercise half the votes. You must return both Proxy Voting Forms
together. If you require an additional Proxy Voting Form, contact Automic Registry Services.
SIGNING INSTRUCTIONS
Individual:Where the holding is in one name, the Shareholder must sign.
Joint holding:Where the holding is in more than one name, all Shareholders should sign.
Power of attorney:If you have not already lodged the power of attorney with the registry, please attach a
certified photocopy of the power of attorney to this Proxy Voting Form when you return it.
Companies:To be signed in accordance with your Constitution. Please sign in the appropriate box which
indicates the office held by you.
Email Address:Please provide your email address in the space provided.
By providing your email address, you elect to receive all communications despatched by the Company
electronically (where legally permissible) such as a Notice of Meeting, Proxy Voting Form and Annual
Report via email.
CORPORATE REPRESENTATIVES
If a representative of the corporation is to attend the Meeting the appropriate ‘Appointment of Corporate
Representative’ should be produced prior to admission. A form may be obtained from the Company’s share
registry online at https://automicgroup.com.au.

Lodging your Proxy Voting Form:

Online
Use your computer or smartphone to
appoint a proxy at
https://investor.automic.com.au/#/loginsahor
scan the QR code below using your
smartphone
Login & Click on ‘Meetings’. Use the
Holder Number as shown at the top of
this Proxy Voting Form.
BY MAIL:
Automic
GPO Box 5193
Sydney NSW 2001
IN PERSON:
Automic
Level 5, 126 Phillip Street
Sydney NSW 2000
BY EMAIL:
[email protected]
BY FACSIMILE:
+61 2 8583 3040
All enquiries to Automic:
WEBSITE:
https://automicgroup.com.au
PHONE:
1300 288 664 (Within Australia)
+61 2 9698 5414 (Overseas)

STEP 1 - How to vote

APPOINT A PROXY:

I/We being a Shareholder entitled to attend and vote at the Annual General Meeting of CONICO LTD, to be held at 2:00pm (AWST) on Friday, 28 November 2025 at Level 15, 197 St Georges Terrace, Perth WA 6000 hereby:

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Appoint the Chair of the Meeting (Chair) OR if you are not appointing the Chair of the Meeting as your proxy, please write in the box provided below the name of the person or body corporate you are appointing as your proxy or failing the person so named or, if no person is named, the Chair, or the Chair’s nominee, to vote in accordance with the following directions, or, if no directions have been given, and subject to the relevant laws as the proxy sees fit and at any adjournment thereof.

The Chair intends to vote undirected proxies in favour of all Resolutions in which the Chair is entitled to vote. Unless indicated otherwise by ticking the “for”, “against” or “abstain” box you will be authorising the Chair to vote in accordance with the Chair’s voting intention.

AUTHORITY FOR CHAIR TO VOTE UNDIRECTED PROXIES ON REMUNERATION RELATED RESOLUTIONS Where I/we have appointed the Chair as my/our proxy (or where the Chair becomes my/our proxy by default), I/we expressly authorise the Chair to exercise my/our proxy on Resolutions 1, 9, 10 and 11 (except where I/we have indicated a different voting intention below) even though Resolutions 1, 9, 10 and 11 are connected directly or indirectly with the remuneration of a member of the Key Management Personnel, which includes the Chair.

STEP 2 - Your voting direction	STEP 2 - Your voting direction
Resolutions For Against Abstain	Resolutions For Against Abstain
1 ADOPTION OF REMUNERATION REPORT	9 APPROVAL TO ISSUE SHARES TO GUY LE PAGE IN LIEU OF DIRECTORS’ FEES
2 RE-ELECTION OF DOUGLAS SOLOMON	10 APPROVAL TO ISSUE SHARES TO GREGORY SOLOMON IN LIEU OF DIRECTORS’ FEES
3 CONSOLIDATION OF CAPITAL	11 APPROVAL TO ISSUE SHARES TO DOUGLAS SOLOMON IN LIEU OF DIRECTORS’ FEES
4 APPROVAL TO ISSUE SHARES TO UNRELATED PARTIES – CONVERTIBLE LOAN AGREEMENT	12 APPROVAL TO ISSUE SHARES TO RM CORPORATE FINANCE IN LIEU OF ADVISOR FEES
5 APPROVAL TO ISSUE SHARES TO RELATED PARTY – CONVERTIBLE LOAN AGREEMENT	13 APPROVAL TO ISSUE UNDERWRITING FEE SECURITIES TO TEMPLAR CORPORATE
6 APPROVAL TO ISSUE SECURITIES TO TEMPLAR CORPORATE – CONVERTIBLE LOAN LEAD MANAGER FEE	14 APPROVAL TO ISSUE BROKER FEE SHARES TO TEMPLAR CORPORATE
7 RATIFICATION OF PRIOR ISSUE OF SETTLEMENT SHARES	15 APPROVAL OF 7.1A MANDATE
8 APPROVAL TO ISSUE SHARES TO 1145635 B.C. LTD – ADVISOR SHARES	16 APPOINTMENT OF AUDITOR
Please note:If you mark the abstain box for a particular Resolution, you are directing your proxy not to vote on that Resolution on a show of hands or on a poll and your votes will not be counted in computing the required majority on a poll.

STEP 3 – Signatures and contact details

Individual or Securityholder 1			Securityholder 2			Securityholder 3

Sole Director and Sole Company Secretary			Director		Director / Company Secretary
Contact Name:

Email Address:

Contact Daytime Telephone				Date (DD/MM/YY)
					/	/
By providing your email address, you elect to	receive all	communications despatched by the Company electronically (where legally permissible).

AI assistant

CONICO LTD — AGM Information 2025

64678_rns_2025-10-29_c743c020-5aca-48a2-83c2-1291fcc81474.pdf

Conico Ltd – Upcoming Annual General Meeting

Notice of Meeting

Shareholder queries in relation to the Meeting

Company Secretary, Conico Ltd

Conico Ltd

CONICO LTD ACN 119 057 457 NOTICE OF ANNUAL GENERAL MEETING

The business of the Meeting affects your shareholding and your vote is important.

B U S I N ES S OF TH E M EE T I N G

AGENDA

1. FINANCIAL STATEMENTS AND REPORTS

2. RESOLUTION 1 – ADOPTION OF REMUNERATION REPORT

4. RESOLUTION 3 – CONSOLIDATION OF CAPITAL

5. RESOLUTION 4 – APPROVAL TO ISSUE SHARES TO UNRELATED PARTIES – CONVERTIBLE LOAN AGREEMENT

6. RESOLUTION 5 – APPROVAL TO ISSUE SHARES TO RELATED PARTIES – CONVERTIBLE LOAN AGREEMENT

7. RESOLUTION 6 – APPROVAL TO ISSUE SECURITIES TO TEMPLAR CORPORATE – CONVERTIBLE LOAN LEAD MANAGER FEE

8. RESOLUTION 7 – RATIFICATION OF PRIOR ISSUE OF SETTLEMENT SHARES

9. RESOLUTION 8 – APPROVAL TO ISSUE SHARES TO 1145635 B.C. LTD – ADVISOR SHARES

10. RESOLUTION 9 – APPROVAL TO ISSUE SHARES TO GUY LE PAGE IN LIEU OF DIRECTORS’ FEES

11. RESOLUTION 10 – APPROVAL TO ISSUE SHARES TO GREGORY SOLOMON IN LIEU OF DIRECTORS’ FEES

12. RESOLUTION 11 – APPROVAL TO ISSUE SHARES TO DOUGLAS SOLOMON IN LIEU OF DIRECTORS’ FEES

13. RESOLUTION 12 – APPROVAL TO ISSUE SHARES TO RM CORPORATE FINANCE IN LIEU OF ADVISOR FEES

14. RESOLUTION 13 – APPROVAL TO ISSUE UNDERWRITING FEE SECURITIES TO TEMPLAR CORPORATE

15. RESOLUTION 14 – APPROVAL TO ISSUE BROKER FEE SHARES TO TEMPLAR CORPORATE

16. RESOLUTION 15 – APPROVAL OF 7.1A MANDATE

17. RESOLUTION 16 – APPOINTMENT OF AUDITOR

Voting Prohibition Statements

Voting by proxy

Voting in person

E X P L A N A T O R Y S T A T EM E N T

1. FINANCIAL STATEMENTS AND REPORTS

2. RESOLUTION 1 – ADOPTION OF REMUNERATION REPORT

2.1 General

2.2 Voting consequences

2.3 Previous voting results

3. RESOLUTION 2 – RE-ELECTION OF DOUGLAS SOLOMON

3.1 General

3.2 Technical information required by Listing Rule 14.1A

4. RESOLUTION 3 – CONSOLIDATION OF CAPITAL

4.1 Background

4.2 Legal requirements

4.3 Effect on capital structure

Notes:

Quoted Options

Unquoted Options

4.4

Fractional entitlements

4.5 Indicative timetable

4.6 Holding statements

4.7 Taxation

5. BACKGROUND TO RESOLUTIONS 4 TO 6 – CONVERTIBLE LOAN AGREEMENTS

5.1 Convertible Loan Agreements

5.2 Use of funds

5.3 Lead Manager

(together, the CL Lead Manager Securities ).

6. RESOLUTION 4 – APPROVAL TO ISSUE SHARES TO UNRELATED PARTIES – CONVERTIBLE LOAN AGREEMENTS

6.1 General

6.2 Technical information required by Listing Rule 14.1A

6.3 Technical information required by Listing Rule 7.3

7. RESOLUTION 5 – APPROVAL TO ISSUE SHARES TO RELATED PARTIES – CONVERTIBLE LOAN AGREEMENTS

7.1 General

7.2 Chapter 2E of the Corporations Act

7.3 Listing Rule 10.11

7.4 Technical information required by Listing Rule 14.1A

7.5 Technical Information required by Listing Rule 10.13

8. RESOLUTION 6 – APPROVAL TO ISSUE SHARES TO TEMPLAR CORPORATE – CONVERTIBLE LOAN LEAD MANAGER FEE

8.1 General

8.2 Chapter 2E of the Corporations Act

8.3 Listing Rule 10.11

8.4 Technical information required by Listing Rule 14.1A

9. BACKGROUND TO RESOLUTIONS 7 TO 8 - CARTWRIGHT LIABILITY

9.1 Cartwright Liability

(the Cartwright Liability ).

9.2 Advisor Fee Shares

10. RESOLUTION 7 – RATIFICATION OF SETTLEMENT SHARES

10.1 General

10.2 Listing Rule 7.4

10.3 Technical information required by Listing Rule 14.1A

CONICO LTD AGM Information 2025