EMERALD RESOURCES NL — Capital/Financing Update 2024

Aug 15, 2024

Appendix 3B - Proposed issue of securities

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Announcement Summary

Entity name

EMERALD RESOURCES NL

Announcement Type

New announcement

Date of this announcement

16/8/2024

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	Options expiring 31 July 2029 exercisable at $4.43 subject to	400,000
confirmed	various vesting conditions
Proposed +issue date
29/11/2024

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

EMERALD RESOURCES NL

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

ACN

Registration Number

009795046

1.3 ASX issuer code

EMR

1.4 The announcement is

New announcement

1.5 Date of this announcement

16/8/2024

1.6 The Proposed issue is:

A placement or other type of issue

Appendix 3B - Proposed issue of securities

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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 29/11/2024 Estimated

Comments

The approval for the issue of securities under the Company's Securities Incentive Plan will be included in the notice of annual general meeting.

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
Yes
ASX +security code	+Security description
New class-code to be confirmed	Options expiring 31 July 2029 exercisable at $4.43 subject to various vesting
	conditions
+Security type
Options

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Appendix 3B - Proposed issue of securities

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Number of +securities proposed to be issued

Number of +securities proposed to be issued	Number of +securities proposed to be issued	Number of +securities proposed to be issued	Number of +securities proposed to be issued	Number of +securities proposed to be issued	Number of +securities proposed to be issued	Number of +securities proposed to be issued	Number of +securities proposed to be issued	Number of +securities proposed to be issued	Number of +securities proposed to be issued	Number of +securities proposed to be issued	Number of +securities proposed to be issued	Number of +securities proposed to be issued	Number of +securities proposed to be issued	Number of +securities proposed to be issued
400,000Offer price detailsAre the +securities proposed to be issued being issued for a cash consideration?Please describe the consideration being provided for the +securitiesIssued for nil consideration under the Company's Securities Incentive Plan.Please provide an estimate of the AUD equivalent of the consideration beingprovided for the +securities3.830000Will all the +securities issued in this class rank equally in all respects fromtheir issue date?Options detailsYesNo
	Offer price deAre the +secuNo	tailsrities prbe the co	oposed tnsidera	o be isstion bein	ued being provid	g issueded for th	for a cae +secu	sh consrities	ideration	?
	Please descri
	Issued for nil	onsidera	tion und	er the Co	mpany's	Securitie	s Incenti	ve Plan.
	Please providprovided for t3.830000	e an estihe +secuecuritieste?	mate ofritiesissued i	the AUDn this cl	equivalass rank	ent of thequally	e considin all re	eration bspects fr	eingom
	Will all the +s
	their issue daYes
	ns details
	+Security curr	encyn Dollartype of +RY FULcurities t	securityLY PAIDhat will	that wilbe issue	ExercisAUD 4.4l be issud if the o	e price300ed if theption is	option iexercise	s exercid	Ex31sed	piry dat/7/2029	e
	AUD - AustraliaDetails of the
	EMR : ORDINANumber of se
	400000
	Please provid	e a URLe issued	link for aor prov	documide the i	ent lodgnformati	ed withon by se	ASX settparate a	ing out tnnounce	he materment.	ial term	s of the	+securiti	es
	proposed to b
	https://cdn-api	.markitdi	gital.com	/apiman-	gateway/	ASX/asx	-researc	h/1.0/file/	2924-027	30265-6	A117636	2
	C - Timetable	+issuerequirem	dateentsained, o	r is it obt	aining,	+security
	7C.1 Proposed
	29/11/2024
	D - Listing Rule
							holder	approva	l for the	entire is	sue und	er listing	rule 7.1
	7D.1 Has the e	ntity obt

Part 7C - Timetable

7C.1 Proposed +issue date 29/11/2024

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? No

7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? No

7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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additional 10% placement capacity under listing rule 7.1A (if applicable)? No 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? Yes 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No

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

Issue under the Company's Securities Incentive Plan.

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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