DEVEX RESOURCES LIMITED — Capital/Financing Update 2023

Oct 17, 2023

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

DEVEX RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday October 18, 2023

The +securities to be quoted are:

==> picture [8 x 8] intentionally omitted <==

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
DEV	ORDINARY FULLY PAID	33,333,333	19/10/2023

Refer to next page for full details of the announcement

Application for quotation of +securities

1 / 5

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 1 - Entity and announcement details

1.1 Name of entity

DEVEX RESOURCES LIMITED

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

1.2 Registered number type

ABN

Registration number 74009799553

1.3 ASX issuer code

DEV

1.4 The announcement is

==> picture [8 x 8] intentionally omitted <==

New announcement

1.5 Date of this announcement

18/10/2023

Application for quotation of +securities

2 / 5

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

==> picture [8 x 8] intentionally omitted <==

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
13-Oct-2023 09:29	New - Proposed issue of securities -	A placement or other type of issue
	DEV

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

==> picture [8 x 9] intentionally omitted <==

Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

The Appendix 3B also included a fully underwritten pro-rata non-renounceable entitlement offer under which the Company may issue up to 37,077,858 fully paid ordinary shares to eligible shareholders (Entitlement). Eligible shareholders who subscribe for their Entitlement in full are also eligible to apply for additional new shares that are not subscribed for under the Entitlement offer.

Application for quotation of +securities

3 / 5

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details ASX +security code and description DEV : ORDINARY FULLY PAID Issue date 19/10/2023 Issue details

Number of +securities to be quoted 33,333,333 Are the +securities being issued for a cash consideration? Yes In what currency is the cash consideration being paid? What is the issue price per +security? AUD - Australian Dollar AUD 0.30000000

Any other information the entity wishes to provide about the +securities to be quoted

Application for quotation of +securities

4 / 5

Application for quotation of +securities

Part 4 - Issued capital following quotation

==> picture [21 x 22] intentionally omitted <==

Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

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

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
DEV : ORDINARY FULLY PAID	404,111,908
DEVN : ORDINARY FULLY PAID DEFERRED	37,077,858

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
DEVAJ : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	10,850,000
DEVAA : PERFORMANCE RIGHTS	1,000,000

Application for quotation of +securities

5 / 5