EAGLE MOUNTAIN MINING LIMITED — Capital/Financing Update 2024

Dec 19, 2024

Appendix 3B - Proposed issue of securities

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Announcement Summary

Entity name

EAGLE MOUNTAIN MINING LIMITED

Announcement Type

New announcement

Date of this announcement

20/12/2024

The Proposed issue is:

A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
New class-code to be	Unlisted Options	101,891,388
confirmed

Proposed +issue date

28/2/2025

Refer to next page for full details of the announcement

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

EAGLE MOUNTAIN MINING LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type

ABN

Registration Number

34621541204

1.3 ASX issuer code

EM2

1.4 The announcement is

New announcement

1.5 Date of this announcement

20/12/2024

1.6 The Proposed issue is:

A placement or other type of issue

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Appendix 3B - Proposed issue of securities

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? Yes 7A.1a Conditions

Approval/Condition Date for determination Is the date estimated or ** Approval actual? received/condition met? +Security holder approval 28/2/2025 Estimated

Comments

Part 7B - Issue details

Is the proposed security a 'New Will the proposed issue of this class' (+securities in a class that is +security include an offer of not yet quoted or recorded by ASX) attaching +securities? or an 'Existing class' (additional No securities in a class that is already quoted or recorded by ASX)? New class

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)

Have you received confirmation from Will the entity be seeking quotation ASX that the terms of the proposed of the 'new' class of +securities on +securities are appropriate and ASX? equitable under listing rule 6.1? No No ASX +security code +Security description New class-code to be confirmed Unlisted Options

+Security type

Options

Number of +securities proposed to be issued

101,891,388

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Appendix 3B - Proposed issue of securities

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Offer price details

Offer price details	Offer price details	Offer price details	Offer price details	Offer price details	Offer price details	Offer price details	Offer price details	Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?Please describe the consideration being provided for the +securitiesThe unlisted options are being issued as part consideration for sub-underwriting servicesPlease provide an estimate of the AUD equivalent of the consideration beingprovided for the +securities0.001000Will all the +securities issued in this class rank equally in all respects fromtheir issue date?Options details+Security currencyAUD - Australian DollarExercise priceAUD 0.0160Expiry date31/7/2027Details of the type of +security that will be issued if the option is exercisedEM2 : ORDINARY FULLY PAIDNumber of securities that will be issued if the option is exercisedEach Option will convert into one fully paid ordinary sharePlease provide a URL link for a document lodged with ASX setting out the material terms of the +securitiesproposed to be issued or provide the information by separate announcement.TBAYesNo
		descr	ibe the consideration being provided for the +secu	rities
	The u	nlisted	options are being issued as part consideration for sub-	underwriting	services
		provied for	de an estimate of the AUD equivalent of the considethe +securities	ration being
		00l the +s	ecurities issued in this class rank equally in all res	pects from
		ssue d	ate?
		ils
		rity cu	rencyExercise price		Expiry dat	e
		Austral	ian Dollar AUD 0.0160		31/7/2027
		s of theORDIN	type of +security that will be issued if the option isARY FULLY PAID	exercised
		er of se	curities that will be issued if the option is exercise	d
	Each
		Option	will convert into one fully paid ordinary share
		provi	de a URL link for a document lodged with ASX setti	ng out the m	aterial term	s of the +	securities
		sed to	e issued or provide the information by separate a	nounceme	t.
	TBA
Part 7C - Tim
		etable
			d +issue date
7C.1 Pr28/2/20Part 7D - List		opose
		25
		ing Rul	e requirements
		as the	entity obtained, or is it obtaining, +security holder a	pproval for	the entire is	sue unde	r listing r
		Date of25	meeting or proposed meeting to approve the issue	under listin	g rule 7.1
		a partill any	y referred to in listing rule 10.11 participating in theof the +securities to be issued be +restricted secur	proposed isities for the	sue?purposes of	the listin	g rules?
		P	d i f ii

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? Yes 7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 28/2/2025 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No

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Appendix 3B - Proposed issue of securities

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7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No

Part 7E - Fees and expenses

7E.1 Will there be a lead manager or broker to the proposed issue? No 7E.2 Is the proposed issue to be underwritten? No 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

Part 7F - Further Information

7F.01 The purpose(s) for which the entity is issuing the securities

The purpose for the issue is as part consideration for the sub-underwriting of a renounceable entitlement issue terms are outlined in the Prospectus lodged on 20 December 2024

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No

7F.2 Any other information the entity wishes to provide about the proposed issue

Appendix 3B - Proposed issue of securities

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