EMERALD RESOURCES NL — Capital/Financing Update 2023

Sep 5, 2023

Application for quotation of +securities

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Announcement Summary

Entity name

EMERALD RESOURCES NL

Announcement Type

New announcement

Date of this announcement

Wednesday September 06, 2023

The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
EMR	ORDINARY FULLY PAID	583,467	06/09/2023

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

EMERALD RESOURCES NL

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

ACN

Registration number 009795046

1.3 ASX issuer code

EMR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

6/9/2023

Application for quotation of +securities

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Application for quotation of +securities

Part 2 - Type of Issue

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2.1 The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

2.2 The +securities to be quoted are:

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Additional +securities in a class that is already quoted on ASX ("existing class")

Application for quotation of +securities

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Application for quotation of +securities

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Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class) ASX +security code and description EMRAE : OPTION EXPIRING 30-JUL-2025 EX 67C

TO (Existing Class)
ASX +security code and description
EMR : ORDINARY FULLY PAID
Please state the number of options	The first date the options were	The last date the options were
that were exercised or other	exercised or other +convertible	exercised or other +convertible
+convertible securities that were	securities were converted	securities were converted
converted	6/9/2023	6/9/2023
250,000

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate? No

Issue date

6/9/2023

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Application for quotation of +securities

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Application for quotation of +securities

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Issue details

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Number of +securities to be quoted
250,000
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 0.67000000
Any other information the entity wishes to provide about the +securities to be quoted
Existing +securities converting into additional +securities in an existing class
FROM (Existing Class)
ASX +security code and description
EMRAK : OPTION EXPIRING 29-JUL-2026 EX $1.09
TO (Existing Class)
ASX +security code and description
EMR : ORDINARY FULLY PAID
Please state the number of options The first date the options were The last date the options were
that were exercised or other exercised or other +convertible exercised or other +convertible
+convertible securities that were securities were converted securities were converted
converted
6/9/2023 6/9/2023
62,500
Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been
exercised or have all of those convertible securities now been converted)?
No
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The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate? No

Application for quotation of +securities

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Application for quotation of +securities

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Issue date 6/9/2023 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Issue details Number of +securities to be quoted 33,467 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities The holder of these options has elected to pay the option exercise price by using the cashless exercise facility provided for under the Company's Incentive Plan. Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 1.090000 Any other information the entity wishes to provide about the +securities to be quoted Existing +securities converting into additional +securities in an existing class FROM (Existing Class) ASX +security code and description EMRAB : OPTION EXPIRING VARIOUS DATES VARIOUS PRICES TO (Existing Class) ASX +security code and description EMR : ORDINARY FULLY PAID

Application for quotation of +securities

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Application for quotation of +securities

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Application for quotation of +securities
Please state the number of options	The first date the options were	The last date the options were
that were exercised or other	exercised or other +convertible	exercised or other +convertible
+convertible securities that were	securities were converted	securities were converted
converted	6/9/2023	6/9/2023
300,000

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are:

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Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate?

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No

Issue date

6/9/2023

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class?

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Yes

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted 300,000 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 0.47000000 Any other information the entity wishes to provide about the +securities to be quoted

Application for quotation of +securities

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Application for quotation of +securities

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Application for quotation of +securities

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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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
EMR : ORDINARY FULLY PAID	596,607,935

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
EMRAF : OPTION EXPIRING 08-OCT-2025 EX $0.77	525,000
EMRAL : OPTION EXPIRING 14-MAR-2027 EX $1.32	350,000
EMRAH : OPTION EXPIRING 23-FEB-2026 EX $0.95	475,000
EMRAG : OPTION EXPIRING 04-JAN-2026 EX $0.82	600,000
EMRAB : OPTION EXPIRING VARIOUS DATES VARIOUS PRICES	350,000
EMRAE : OPTION EXPIRING 30-JUL-2025 EX 67C	4,750,000
EMRAI : OPTION EXPIRING 22-MAR-2026 EX $0.94	350,000
EMRAM : OPTION EXPIRING 14-JUN-2027 EX $1.40	250,000
EMRAD : OPTION EXPIRING 19-MAY-2025 EX 53C	500,000
EMRAK : OPTION EXPIRING 29-JUL-2026 EX $1.09	3,200,000
EMRAC : OPTION EXPIRING 12-MAR-2025 EX 51C	350,000
EMRAJ : OPTION EXPIRING 03-MAY-2026 EX $1.02	150,000
EMRAO : OPTION EXPIRING 13-APR-2028 EX $1.94	1,000,000

Application for quotation of +securities

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Application for quotation of +securities

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EMRAP : OPTION EXPIRING	16-MAY-2028	EX $2.17	250,000
EMRAN : OPTION EXPIRING	17-OCT-2027	EX $1.37	2,300,000

Application for quotation of +securities

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