ECLIPSE METALS LIMITED. — Capital/Financing Update 2024

Mar 14, 2024

Appendix 2A - Application for quotation of securities

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Announcement Summary

Entity name

ECLIPSE METALS LIMITED.

Announcement Type

New announcement

Date of this announcement

Friday March 15, 2024

The +securities to be quoted are:

+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
EPM	ORDINARY FULLY PAID	134,601,286	15/03/2024

Refer to next page for full details of the announcement

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

Part 1 - Entity and announcement details

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1.1 Name of entity

ECLIPSE METALS 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

Registration number

ABN 85142366541

1.3 ASX issuer code

EPM

1.4 The announcement is

New announcement

1.5 Date of this announcement

15/3/2024

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Appendix 2A - Application for quotation of securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+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
14-Jan-2021 09:40	New - Proposed issue of Securities -	A placement or other type of issue
	EPM

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?

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

Company to make payments in cash or shares upon the following milestones:

• $3M upon announcement of the first scoping study at the Ivigtut Project

• $7M upon announcement of the first pre-feasibility study at the Ivigtut Project

• $9M upon announcement of the last to occur of the first feasibility study or grant aof a mining licence from the Greenland Government with respect to the Ivigtut Project.

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Appendix 2A - Application for quotation of securities

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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 EPM : ORDINARY FULLY PAID

Issue date

15/3/2024

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

category.
		Total percentage of +securities held
Number of +securities held	Number of holders	For example, to enter a value of 50%
		please input as 50.00
1 - 1,000		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over		%

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Appendix 2A - Application for quotation of securities

Issue details

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Number of +securities to be quoted

134,601,286

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Milestone payment to Cerium Pty Ltd following announcement of a JORC resource at the Ivigtut Project

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

1,000,000.000000

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

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Appendix 2A - Application for quotation of securities

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Part 4 - Issued capital following quotation

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

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are 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)

+securities subject of this application)
	Total number of
ASX +security code and description	+securities on issue
EPM : ORDINARY FULLY PAID	2,209,655,524
EPMOA : OPTION EXPIRING 17-SEP-2024	298,476,469

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

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
EPMAV : OPTION EXPIRING 18-NOV-2025 EX $0.015	180,000,000
EPMAW : OPTION EXPIRING 18-NOV-2027 EX $0.05	160,000,000
EPMAA : OPTION EXPIRING 28-MAY-2024 EX $0.015	62,500,000
EPMAB : OPTION EXPIRING 28-MAY-2026 EX $0.05	32,500,000
EPMAP : CLASS A PERFORMANCE RIGHTS 04-JUN-2024 EX NIL	11,750,000
EPMAR : CLASS C PERFORMANCE RIGHTS 04-JUN-2024 EX NIL	6,750,000
EPMAS : CLASS D PERFORMANCE RIGHTS 04-JUN-2024 EX NIL	6,750,000

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