ECLIPSE METALS LIMITED. — Capital/Financing Update 2024

Aug 14, 2024

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15 August 2024

ASX Announcement

Option Expiry

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Eclipse Metals Ltd (ASX: EPM ) ( Eclipse Metals or the Company ) advises holders of the Company’s quoted options exercisable at $0.05 each will expire effective 5.00 pm (WST) on 17 September 2024 ( Expiry Date ). As the exercise price of the options is above the market price and the likelihood of holders exercising the options is remote, option expiry notices will not be mailed to holders.

In accordance with paragraph 5.3 of Appendix 6A of the ASX Listing Rules, the Company provides the following information:

• The number of options to which this notice applies is 298,476,469;

• Each option, when exercised, entitles the holder to receive one fully paid ordinary share in the Company. If all options were exercised, 298,476,469 fully paid ordinary shares would be issued;

• The exercise price of each option is $0.05;

• The due date for payment of the exercise price is 5.00 pm (AEST) on 17 September 2024 ( Expiry Date );

• If payment is not received before the Expiry Date, the options will expire unexercised and all rights will cease;

• Official quotation of the options ceased today, being four business days before the Expiry Date;

• • During the last three months preceding the date of this notice, the highest market price of fully paid ordinary shares in the Company was $0.011 on 15 May 2024 and the lowest market price was $0.006 on 6 August 2024. The closing price on 14 August 2024 was $0.006; and

• No underwriting agreement exists in respect of these options.

This announcement has been authorised by the Board of Eclipse Metals Ltd.

For further information please contact:

Sebastian Andre Company Secretary +61 8 9480 0420