COOPER METALS LIMITED — Capital/Financing Update 2022

Aug 28, 2022

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

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Announcement Summary

Entity name

COOPER METALS LIMITED

Date of this announcement

Monday August 29, 2022

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	unlisted options exercisable at $0.75 and expiring	200,000	29/08/2022
to be confirmed	on 30 June 2024
New class - code	unlisted options exercisable at $0.90 and expiring	200,000	29/08/2022
to be confirmed	on 30 June 2024
New class - code	unlisted options exercisable at $1.20 and expiring	200,000	29/08/2022
to be confirmed	on 30 June 2024

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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Part 1 - Entity and announcement details

1.1 Name of entity

COOPER METALS LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ACN

Registration number

647594956

1.3 ASX issuer code

CPM

1.4 The announcement is

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New announcement

1.5 Date of this announcement

29/8/2022

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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Other

Please specify

Issue of Options as outlined in the Appendix 3B dated 26 August 2022.

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

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

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

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New +securities
ASX +security code +Security description
New class - code to be confirmed unlisted options exercisable at $0.75 and expiring on 30
June 2024
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+Security type	ISIN code
Options
Date the +securities the subject of this notification were issued
29/8/2022
Will all the +securities issued in this	class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.75000000 30/6/2024 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description One fully paid ordinary share (ASX:CPM) Any other information the entity wishes to provide about the +securities the subject of this notification

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

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

N/A - Previously announced to the market on 26 August 2022

Issue details

Number of +securities

200,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Unlisted incentive options being issued to the Senior Geologist

Purpose of the issue Other

Additional Details

New +securities

ASX +security code +Security description New class - code to be confirmed unlisted options exercisable at $0.90 and expiring on 30 June 2024 +Security type ISIN code Options Date the +securities the subject of this notification were issued 29/8/2022

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

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Options Details

+Security currency AUD - Australian Dollar

Exercise price Expiry date AUD 0.90000000 30/6/2024

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

Other

Description

One fully paid ordinary share (ASX:CPM)

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

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

N/A - Previously announced to the market on 26 August 2022

Issue details

Number of +securities

200,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Unlisted incentive options being issued to the Senior Geologist

Purpose of the issue

Other

Additional Details

New +securities

ASX +security code

New class - code to be confirmed

+Security description

unlisted options exercisable at $1.20 and expiring on 30 June 2024

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+Security type ISIN code Options Date the +securities the subject of this notification were issued 29/8/2022 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 1.20000000 30/6/2024 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other

Description

One fully paid ordinary share (ASX:CPM)

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

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

N/A - Previously announced to the market on 26 August 2022

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Issue details

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Number of +securities

200,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Unlisted incentive options being issued to the Senior Geologist

Purpose of the issue

Other

Additional Details

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
CPM : ORDINARY FULLY PAID	33,924,168

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
CPMAF : ORDINARY FULLY PAID RESTRICTED	3,262,500
CPMAG : ORDINARY FULLY PAID RESTRICTED	3,500,000
CPMAB : ORDINARY FULLY PAID RESTRICTED	4,980,001
CPMAC : OPTION EXPIRING 30-JUN-2024 RESTRICTED	5,300,000
CPMAD : OPTION EXPIRING 15-NOV-2024 RESTRICTED	3,600,000
New class - code to be confirmed : unlisted options exercisable at $0.75 and expiring on 30	200,000
June 2024
New class - code to be confirmed : unlisted options exercisable at $0.90 and expiring on 30	200,000
June 2024
New class - code to be confirmed : unlisted options exercisable at $1.20 and expiring on 30	200,000
June 2024

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

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

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